Ann: Colossus Hits Largest M&I and Highest-Grade MREO Resource, page-3

Does not seem too shabby at all
Maybe a rerate is in order starting today

Colossus Delivers Largest Measured & Indicated Resource and
Highest MREO Grade IAC Project Globally
Resource Upgrade Increases 140% in Size
ASX Release: 22 January 2025
Highlights
 JORC-Compliant Mineral Resource Estimate (‘MRE’) upgraded at Colossus returns over 140% increase in
size, resulting in 493Mt @ 2,508ppm total rare earth oxide (‘TREO’A) at a 1,000ppm TREO cut-off, and
positions Colossus as the leading Ionic Adsorption Clay (‘IAC’) Rare Earth Element (‘REE’) Project.
 Resource Update Across Key Prospects: The updated Mineral Resource incorporates data from the
Northern Concessions (no increase in area) and the Southern Complex, which saw a substantial
expansion. The Tamoyo Prospect has also been included, further enhancing the project's scope and
potential.
 Colossus Sets Global Benchmark with the Largest and Highest-Grade MREO Resource: Featuring 601ppm
MREO [Nd, Pr, Dy, Tb] across 493Mt, and both the largest and highest-grade accumulation of critical
MREO’s in Measured & Indicated categories with 329Mt @ 2,680ppm TREO and 659ppm MREO (25%
MREO/TREO), with substantial expansion potential.
 Exceptional High-Grade Feed: A premium-grade mineralisation of 106Mt @ >4,000ppm TREO and
>1,000ppm MREO (26% MREO/TREO) has been delineated, ensuring a high value and long-life feedstock
to support robust project economics.