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<b>An overview of our Rare Earth Element (REE) projects in Brazil.

REE Projects [Brazil]

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Gold Mountain Ltd has recently undertaken preliminary traversing with one of the GMN MS350 spectrometers on selected roads and tracks over regional radiometric anomalies in the Ronaldinho Project area.

Thorium anomalies found with highly anomalous values over 4 intervals of up to 250 metres wide. A total of 3.87 km of traverses were carried out on the Ronaldinho tenements.

Comparison with traverses over a known mineralised area including very high-grade mineralisation in excess of 4% TREO, shows that similar high values, were found in road traverses within GMN tenements.

Extensive areas of potentially mineralised rock can be inferred from the radiometric traversing and observations of the thick weathering profile.

To find a significant resource of IAC-type REE mineralisation and high-graade hard rock mineralisation

 Adjacent to and along strike from BRE:ASX tenements with known significant resources of REE

 Very high thorium anomalies, magnetic response, very high weathering index response, favourable geology and major structural corridor

Left: Map shows the GMN Rare Earth tenements. GMN's Down Under project tenements are highlighted in red. 'Stars' mark significant Rare Earth occurrences in the Brazilian Rare Earths (ASX:BRE) tenements. 

Follow up work will include extensive additional traverses in the anomalous region and stream sediment and channel sampling to confirm REE contents of the thorium anomalous area. This follow-up will commence in July 2024.

Reconnaissance auger sampling on the Ronaldinho tenements will be undertaken once initial stream sediment and channel sampling analyses are received.

Significant thorium anomalies, often associated with REE mineralisation in NE Brazil, have been found in initial traverses