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Ann: Quarterly Activities Report and Appendix 5B, page-2

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    • Final rare earth separation pilot program commences at ANSTO
    • Strategic agreement reached with USA Rare Earth LLC for value add and separation of heavy rare earths from SEG-HRE carbonate product
    • MOU with Source Certain International to apply its provenance verification and traceability technology to Nolans products
    • Sales and offtake discussions advance with customer engagement in Japan, Europe, South Korea and China. Meetings scheduled in Q1 CY2020 and expanded to include US contacts
    • Australian Government establishes the Critical Minerals Facilitation Office to promote growth of Australia’s critical minerals sector and co-ordinate funding activities through NAIF and EFA
    • EFA to access funding through the Defence Export Facility
    • Japan’s industry ministry secures US$423 million to diversify supplies of critical materials including rare earths
    • Engagement with debt advisory groups and export credit agencies underway with key groups in Japan, Germany, the USA and Australia
    • Q1 CY2020 targeted for completion of agreement with Talaxis Ltd encompassing strategic equity investment strategy, product offtake and market engagement
    Last edited by spendthrift: 28/01/20
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