Beatty River (Uranium and Heavy Rare Earths) 100% owned

Overview

• Trenching and surface sampling by previous explorers reported assays up to 75% TREO with up to 1.15% Dy₂O₃.
• Rare earth mineral identified as xenotime with heavy rare earths >90% of TREO.
• Previous explorer carried out wide-spaced drilling on small target areas, with the wider target area considered by Valor to be inadequately tested.
• Mineralisation style and geological setting shares similarities with hydrothermal unconformity-related REE deposits such as Browns Range in northern Australia and Maw Zone in eastern Athabasca.
• Located approximately 25km southwest of the Cluff Lake Project.
• TREO = Total Rare Earth Oxides = Total of La₂O₃, CeO₂, Pr₆O₁₁, Nd₂O₃, Eu₂O₃, Gd₂O₃, Tb₄O₇, Dy₂O₃, Ho₂O₃, Er₂O₃, Tm₂O₃, Lu₂O₃, Y₂O₃ (Does not include Sm₂O₃and Yb₂O₃ – GWMG did not consistently assay for these elements).