The GMN ann of 15 February 2024 refers to an area of immediate...

The GMN ann of 15 February 2024 refers to an area of immediate GMN exploration activity near Amargosa (arrow 1)
referencing AUZ 'leucogranites and charnockites' ( “NIOBIUM/ REE OUTCROP”, 21 February 2024)
(adjacent and west of GMN 872425/2023 and GMN 872420/2023)

At Rio Negro (arrow 2) with EQN now on-site and auger rigs on GMN's boundary, a second front of relevant exploration has been created. See map above.

An examination of recent drilling/assay performance by other explorers . . .

Prospect	Ann Date	Status
VMM Poços De Caldas	14/09/2023	On-site: 1 auger rig at Fazenda
	20/10/2023	Drilling completed : 27 working days, 70 holes = 2.5 holes per work day (dry season, existing mine site)
	20/11/2023	Assays completed : 22 working days, 37 auger holes assayed
		So 37 auger holes had total 'on-site to assay' times of 49 working days or less
EQN Rio Negro	9/04/2024	On-site: 92 auger drill holes at Rio Negro,three auger drilling teams ( 31 holes per team/rig ) Wet season, green field site
	14/06/2024	Using 49 working days, implied ETA for assay ann

IMO there is a tsunami of IAC REE exploration activity in Bahia East that is approaching.

PS1: AUZ announced 24 January 2024 "OUTCROPPING CHARNOCKITES" near Itagi (arrow 3)
adjacent to GMN 872235/2023 ( 24s 398500 8428000, AUZ 8720396/2023 is now EQN 872297/2023)
PS2: BRE are noticeably not mentioned. Their reports to date refer to hardrock REE in tenements that are not adjacent to GMN.