Strategy

With a significant Mineral Resource already in place for Motzfeldt, covering the Aries Deposit, the focus of Stallion Resources is on updating the existing Pre-Feasibility Studies to demonstrate the Project’s economic viability at today’s metal prices. The Company also intends to progress exploration of the other main targets, which do not currently contribute to Motzfeldt’s existing metal inventory.  This includes the Merino Prospect and the Voskop Target. At Merino, grab samples showed elevated Rare Earth (REE) enrichment, including a Heavy Rare Earth (HREE) enriched sample containing ~2000 ppm Yttrium. Our updated model suggests that Aries represents a lower crustal level exposure of the same roof zone at Merino, indicating the presence of an Aries-like pyrochlore deposit below Merino which, if confirmed, would substantially increase the overall scale of the Motzfeldt Resource. Meanwhile, at Voskop, a high-grade zone has already been identified over more than 1.2 km, with high-grade results (~1% total rare earth oxides (TREO)) and with the heavy rare earths (HREOs) and Yttrium Oxide accounting for around 18% of the TREO.