LYC: Lynas Rare Earths to Acquire Meteoric Resources Presentation

Original announcement by asx on

Company
Lynas Rare Earths
Ticker
LYC
Exchange
ASX
Region
Minas Gerais, Brazil
Primary commodity
Rare earths
Secondary commodities
Pr6o11, Nd2o3, Tb4o7, Dy2o3, Mreo
Document categories
Resource update, Agreement transaction
Extracted
2026-09-30 23:08:07 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Lynas Rare Earths is acquiring Meteoric Resources through an all-scrip scheme of arrangement, which is unanimously recommended by Meteoric's board. The acquisition is expected to be accretive to Lynas's net asset value, mineral resources, and ore reserves, adding Meteoric's Caldeira Rare Earth Project in Brazil, which holds the largest known ionic clay JORC REO Mineral Resource outside China. The deal maintains Lynas's strong balance sheet and leverages its expertise to unlock Caldeira's value.

Reasoning: Lynas Rare Earths is acquiring Meteoric Resources via an all-scrip scheme of arrangement, which is expected to be accretive to Lynas's net asset value, mineral resources, and ore reserves, adding Meteoric's Caldeira Rare Earth Project, the largest known ionic clay JORC REO Mineral Resource outside China. The transaction is unanimously recommended by Meteoric's board and supported by its largest shareholder.

Positive factors

  • Acquisition of a significant rare earth resource (Caldeira)
  • Accretive to Lynas's NAV, Mineral Resources, and Ore Reserves
  • Diversifies Lynas's footprint and adds light and heavy rare earths
  • Meteoric shareholders receive a significant control premium
  • Lynas's strong balance sheet and expertise will unlock Caldeira's value
  • Unanimous board recommendation and support from largest shareholder
  • All-scrip deal preserves Lynas's financial flexibility
  • Located in an attractive mining jurisdiction (Brazil)
  • Presence of Measured and Indicated Resources and Probable Reserves
  • JORC compliant estimates with QP/CP sign-off

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 173

Classification and evidence

Strategic Acquisitionpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Lynas is acquiring Meteoric Resources to diversify and complement its existing footprint and add significant rare earth resources, aligning with its 'Add Resource and Scale' growth pillar.

Evidence · text

“Diversifies and complements Lynas’ existing footprint Delivers on Lynas’ Towards 2030 ‘Add Resource and Scale’ growth pillar, diversifying and complementing Lynas’ leading Australian and Malaysian operations”

Accretive Transactionpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The acquisition is expected to be accretive to Lynas on NAV, Mineral Resources, and Ore Reserves, providing a significant increase in contained TREO.

Evidence · text

“Expected to be accretive to Lynas on NAV2, Mineral Resources and Ore Reserves Meteoric is expected to be highly accretive to Lynas, comprising 6% of the pro forma market cap but 44% of TREO Mineral Resource and 21% of TREO Ore Reserves”

Board Recommendedpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The Meteoric Board has unanimously recommended the Scheme, subject to an independent expert's conclusion.

Evidence · text

“Unanimously recommended by the Meteoric Board”

Shareholder Supportpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Meteoric’s largest shareholder, Tolga Kumova (6.7%), has confirmed his intention to vote in favour of the Scheme.

Evidence · text

“supported by largest shareholder Tolga Kumova”

Control Premiumpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Meteoric shareholders benefit from a significant control premium, with the implied offer price representing a 68.4% premium to Meteoric’s last close.

Evidence · text

“Meteoric shareholders benefit from a significant control premium A$0.286 per Meteoric share, being a 68.4% premium to Meteoric’s last close of A$0.170”

All-Scrip Dealneutral · Story-specific tag

No canonical definition is currently available.

Why it applies: The transaction is structured as an all-scrip deal, which maintains Lynas’s strong balance sheet and financial flexibility.

Evidence · text

“All-scrip deal maintains Lynas’ strong balance sheet to fund Caldeira’s development and other growth initiatives 100% scrip consideration”

Interim Fundingpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Lynas will provide an interim loan facility of up to A$110m to Meteoric for Caldeira development and working capital.

Evidence · text

“Lynas will provide an interim loan facility of up to A$110m comprised of A$35m advanced on execution of the SID and up to A$75m further committed funding”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: Meteoric's Mineral Resources and Ore Reserves are reported in compliance with the JORC Code.

Evidence · text

“The information in this presentation that relates to Meteoric’s Mineral Resources is extracted from Meteoric’s ASX announcement dated 9 July 2026 titled “Caldeira Project Measured Resources Grow 246% to 128Mt”. The information that relates to Meteoric’s Ore Reserve, production target and forecast financial information is extracted from Meteoric’s ASX announcement dated 31 July 2026 titled “Caldeira DFS Confirms Confidence in Project Fundamentals”. Meteoric confirms that it is not aware of any new information or data that materially affects the information included in those announcements and, in the case of Mineral Resource and Ore Reserve estimates, that all material assumptions and technical parameters underpinning those estimates continue to apply and have not materially changed. Meteoric confirms that the form and context in which the relevant Competent Persons’ findings are presented have not been materially modified.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Meteoric confirms that the Competent Person’s findings are presented and have not been materially modified.

Evidence · text

“Meteoric confirms that the form and context in which the relevant Competent Persons’ findings are presented have not been materially modified.”

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The Caldeira project includes a Measured Mineral Resource category for various rare earth oxides.

Evidence · table

“Measured”

Context: 66

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The Caldeira project includes an Indicated Mineral Resource category for various rare earth oxides.

Evidence · table

“Indicated”

Context: 84

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The Caldeira project includes an Inferred Mineral Resource category for various rare earth oxides.

Evidence · table

“Inferred”

Context: 117

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The Caldeira project includes a Probable Ore Reserve category for various rare earth oxides.

Evidence · table

“Probable”

Context: 75.6

Extracted facts

Stored fact records: 168. Some facts used in scoring do not have a stored record.

Resource Estimates (168)

measuredCaldeira Rare Earth Project · treoTonnes: 66000000Grade: 2819Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:60a3c624cf04635f2bdb
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
measured
Tonnes
66000000
Grade
2819
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for TREO at Capão do Mel, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“2,819”

Context: 66

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · pr6o11Tonnes: 66000000Grade: 147Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:60a3c624cf04635f2bdb
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
measured
Tonnes
66000000
Grade
147
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Pr6O11 at Capão do Mel, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“147”

Context: 66

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · nd2o3Tonnes: 66000000Grade: 394Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:60a3c624cf04635f2bdb
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
measured
Tonnes
66000000
Grade
394
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Nd2O3 at Capão do Mel, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“394”

Context: 66

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · tb4o7Tonnes: 66000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:60a3c624cf04635f2bdb
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
measured
Tonnes
66000000
Grade
4
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Tb4O7 at Capão do Mel, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“4”

Context: 66

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · dy2o3Tonnes: 66000000Grade: 21Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:60a3c624cf04635f2bdb
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
measured
Tonnes
66000000
Grade
21
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Dy2O3 at Capão do Mel, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“21”

Context: 66

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · mreoTonnes: 66000000Grade: 567Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:60a3c624cf04635f2bdb
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
measured
Tonnes
66000000
Grade
567
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for MREO at Capão do Mel, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“567”

Context: 66

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · treoTonnes: 26000000Grade: 2607Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6f4c5fe9108975d76a3d
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
measured
Tonnes
26000000
Grade
2607
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for TREO at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“2,607”

Context: 26

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · pr6o11Tonnes: 26000000Grade: 156Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6f4c5fe9108975d76a3d
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
measured
Tonnes
26000000
Grade
156
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Pr6O11 at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“156”

Context: 26

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · nd2o3Tonnes: 26000000Grade: 477Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6f4c5fe9108975d76a3d
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
measured
Tonnes
26000000
Grade
477
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Nd2O3 at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“477”

Context: 26

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · tb4o7Tonnes: 26000000Grade: 5Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6f4c5fe9108975d76a3d
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
measured
Tonnes
26000000
Grade
5
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Tb4O7 at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“5”

Context: 26

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · dy2o3Tonnes: 26000000Grade: 25Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6f4c5fe9108975d76a3d
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
measured
Tonnes
26000000
Grade
25
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Dy2O3 at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“25”

Context: 26

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · mreoTonnes: 26000000Grade: 663Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6f4c5fe9108975d76a3d
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
measured
Tonnes
26000000
Grade
663
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for MREO at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“663”

Context: 26

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · treoTonnes: 30000000Grade: 2982Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4894353ed1f7c9d0262a
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
measured
Tonnes
30000000
Grade
2982
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for TREO at Figueira, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“2,982”

Context: 30

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · pr6o11Tonnes: 30000000Grade: 158Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4894353ed1f7c9d0262a
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
measured
Tonnes
30000000
Grade
158
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Pr6O11 at Figueira, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“158”

Context: 30

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · nd2o3Tonnes: 30000000Grade: 439Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4894353ed1f7c9d0262a
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
measured
Tonnes
30000000
Grade
439
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Nd2O3 at Figueira, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“439”

Context: 30

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · tb4o7Tonnes: 30000000Grade: 5Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4894353ed1f7c9d0262a
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
measured
Tonnes
30000000
Grade
5
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Tb4O7 at Figueira, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“5”

Context: 30

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · dy2o3Tonnes: 30000000Grade: 26Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4894353ed1f7c9d0262a
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
measured
Tonnes
30000000
Grade
26
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Dy2O3 at Figueira, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“26”

Context: 30

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · mreoTonnes: 30000000Grade: 628Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4894353ed1f7c9d0262a
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
measured
Tonnes
30000000
Grade
628
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for MREO at Figueira, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“628”

Context: 30

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · treoTonnes: 6000000Grade: 2849Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:55a36ffe780e071fa1f2
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
measured
Tonnes
6000000
Grade
2849
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for TREO at Soberbo, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“2,849”

Context: 6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · pr6o11Tonnes: 6000000Grade: 182Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:55a36ffe780e071fa1f2
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
measured
Tonnes
6000000
Grade
182
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Pr6O11 at Soberbo, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“182”

Context: 6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · nd2o3Tonnes: 6000000Grade: 526Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:55a36ffe780e071fa1f2
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
measured
Tonnes
6000000
Grade
526
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Nd2O3 at Soberbo, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“526”

Context: 6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · tb4o7Tonnes: 6000000Grade: 5Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:55a36ffe780e071fa1f2
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
measured
Tonnes
6000000
Grade
5
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Tb4O7 at Soberbo, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“5”

Context: 6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · dy2o3Tonnes: 6000000Grade: 25Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:55a36ffe780e071fa1f2
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
measured
Tonnes
6000000
Grade
25
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for Dy2O3 at Soberbo, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“25”

Context: 6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredCaldeira Rare Earth Project · mreoTonnes: 6000000Grade: 738Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:55a36ffe780e071fa1f2
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
measured
Tonnes
6000000
Grade
738
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Measured resource for MREO at Soberbo, indicating high confidence and compliance with JORC standards.

Positive factors

  • High confidence Measured category
  • JORC compliant and QP signed

Evidence · table

“738”

Context: 6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · treoTonnes: 84000000Grade: 2629Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:214d494d37cb1d12beb6
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
indicated
Tonnes
84000000
Grade
2629
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for TREO at Soberbo, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“2,629”

Context: 84

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · pr6o11Tonnes: 84000000Grade: 158Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:214d494d37cb1d12beb6
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
indicated
Tonnes
84000000
Grade
158
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Pr6O11 at Soberbo, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“158”

Context: 84

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · nd2o3Tonnes: 84000000Grade: 453Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:214d494d37cb1d12beb6
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
indicated
Tonnes
84000000
Grade
453
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Nd2O3 at Soberbo, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“453”

Context: 84

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · tb4o7Tonnes: 84000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:214d494d37cb1d12beb6
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
indicated
Tonnes
84000000
Grade
4
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Tb4O7 at Soberbo, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“4”

Context: 84

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · dy2o3Tonnes: 84000000Grade: 23Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:214d494d37cb1d12beb6
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
indicated
Tonnes
84000000
Grade
23
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Dy2O3 at Soberbo, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“23”

Context: 84

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · mreoTonnes: 84000000Grade: 639Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:214d494d37cb1d12beb6
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
indicated
Tonnes
84000000
Grade
639
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for MREO at Soberbo, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“639”

Context: 84

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · treoTonnes: 49000000Grade: 2332Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4a065476f5f31cf111bf
Material type
Clay

Resource Data

Category
indicated
Tonnes
49000000
Grade
2332
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for TREO at Capão do Mel, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“2,332”

Context: 49

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · pr6o11Tonnes: 49000000Grade: 129Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2a44d19bc61e19e809dd
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
indicated
Tonnes
49000000
Grade
129
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Pr6O11 at Capão do Mel, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“129”

Context: 49

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · nd2o3Tonnes: 49000000Grade: 360Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2a44d19bc61e19e809dd
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
indicated
Tonnes
49000000
Grade
360
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Nd2O3 at Capão do Mel, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“360”

Context: 49

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · tb4o7Tonnes: 49000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2a44d19bc61e19e809dd
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
indicated
Tonnes
49000000
Grade
4
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Tb4O7 at Capão do Mel, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“4”

Context: 49

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · dy2o3Tonnes: 49000000Grade: 19Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2a44d19bc61e19e809dd
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
indicated
Tonnes
49000000
Grade
19
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Dy2O3 at Capão do Mel, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“19”

Context: 49

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · mreoTonnes: 49000000Grade: 512Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2a44d19bc61e19e809dd
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
indicated
Tonnes
49000000
Grade
512
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for MREO at Capão do Mel, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“512”

Context: 49

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · treoTonnes: 111000000Grade: 2776Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e6811309d5432caa78a9
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
2776
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for TREO at Figueira, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“2,776”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · pr6o11Tonnes: 111000000Grade: 140Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e6811309d5432caa78a9
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
140
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Pr6O11 at Figueira, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“140”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · nd2o3Tonnes: 111000000Grade: 388Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e6811309d5432caa78a9
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
388
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Nd2O3 at Figueira, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“388”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · tb4o7Tonnes: 111000000Grade: 5Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e6811309d5432caa78a9
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
5
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Tb4O7 at Figueira, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“5”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · dy2o3Tonnes: 111000000Grade: 29Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e6811309d5432caa78a9
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
29
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Dy2O3 at Figueira, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“29”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · mreoTonnes: 111000000Grade: 562Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e6811309d5432caa78a9
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
562
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for MREO at Figueira, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“562”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · treoTonnes: 111000000Grade: 2253Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:37afe84746f2eb651499
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
2253
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for TREO at Dona Maria 1, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“2,253”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · pr6o11Tonnes: 111000000Grade: 128Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:37afe84746f2eb651499
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
128
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Pr6O11 at Dona Maria 1, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“128”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · nd2o3Tonnes: 111000000Grade: 376Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:37afe84746f2eb651499
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
376
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Nd2O3 at Dona Maria 1, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“376”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · tb4o7Tonnes: 111000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:37afe84746f2eb651499
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
4
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Tb4O7 at Dona Maria 1, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“4”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · dy2o3Tonnes: 111000000Grade: 23Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:37afe84746f2eb651499
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
23
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Dy2O3 at Dona Maria 1, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“23”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · mreoTonnes: 111000000Grade: 531Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:37afe84746f2eb651499
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
indicated
Tonnes
111000000
Grade
531
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for MREO at Dona Maria 1, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“531”

Context: 111

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · treoTonnes: 53000000Grade: 2303Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9b65c34ccffab6a65fec
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
indicated
Tonnes
53000000
Grade
2303
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for TREO at Dona Maria 2, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“2,303”

Context: 53

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · pr6o11Tonnes: 53000000Grade: 132Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9b65c34ccffab6a65fec
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
indicated
Tonnes
53000000
Grade
132
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Pr6O11 at Dona Maria 2, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“132”

Context: 53

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · nd2o3Tonnes: 53000000Grade: 390Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9b65c34ccffab6a65fec
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
indicated
Tonnes
53000000
Grade
390
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Nd2O3 at Dona Maria 2, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“390”

Context: 53

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · tb4o7Tonnes: 53000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9b65c34ccffab6a65fec
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
indicated
Tonnes
53000000
Grade
4
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Tb4O7 at Dona Maria 2, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“4”

Context: 53

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · dy2o3Tonnes: 53000000Grade: 22Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9b65c34ccffab6a65fec
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
indicated
Tonnes
53000000
Grade
22
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Dy2O3 at Dona Maria 2, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“22”

Context: 53

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · mreoTonnes: 53000000Grade: 548Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9b65c34ccffab6a65fec
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
indicated
Tonnes
53000000
Grade
548
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for MREO at Dona Maria 2, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“548”

Context: 53

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · treoTonnes: 90000000Grade: 2658Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2ca388051683e5a5cc5b
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
indicated
Tonnes
90000000
Grade
2658
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for TREO at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“2,658”

Context: 90

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · pr6o11Tonnes: 90000000Grade: 163Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2ca388051683e5a5cc5b
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
indicated
Tonnes
90000000
Grade
163
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Pr6O11 at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“163”

Context: 90

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · nd2o3Tonnes: 90000000Grade: 489Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2ca388051683e5a5cc5b
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
indicated
Tonnes
90000000
Grade
489
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Nd2O3 at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“489”

Context: 90

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · tb4o7Tonnes: 90000000Grade: 5Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2ca388051683e5a5cc5b
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
indicated
Tonnes
90000000
Grade
5
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Tb4O7 at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“5”

Context: 90

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · dy2o3Tonnes: 90000000Grade: 26Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2ca388051683e5a5cc5b
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
indicated
Tonnes
90000000
Grade
26
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Dy2O3 at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“26”

Context: 90

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · mreoTonnes: 90000000Grade: 683Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2ca388051683e5a5cc5b
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
indicated
Tonnes
90000000
Grade
683
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for MREO at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“683”

Context: 90

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · treoTonnes: 77000000Grade: 2917Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:fadc0965d5abb5ae001e
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
indicated
Tonnes
77000000
Grade
2917
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for TREO at Barra do Pacu, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“2,917”

Context: 77

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · pr6o11Tonnes: 77000000Grade: 143Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:fadc0965d5abb5ae001e
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
indicated
Tonnes
77000000
Grade
143
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Pr6O11 at Barra do Pacu, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“143”

Context: 77

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · nd2o3Tonnes: 77000000Grade: 376Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:fadc0965d5abb5ae001e
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
indicated
Tonnes
77000000
Grade
376
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Nd2O3 at Barra do Pacu, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“376”

Context: 77

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · tb4o7Tonnes: 77000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:fadc0965d5abb5ae001e
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
indicated
Tonnes
77000000
Grade
4
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Tb4O7 at Barra do Pacu, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“4”

Context: 77

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · dy2o3Tonnes: 77000000Grade: 21Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:fadc0965d5abb5ae001e
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
indicated
Tonnes
77000000
Grade
21
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for Dy2O3 at Barra do Pacu, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“21”

Context: 77

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedCaldeira Rare Earth Project · mreoTonnes: 77000000Grade: 545Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:fadc0965d5abb5ae001e
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
indicated
Tonnes
77000000
Grade
545
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Indicated resource for MREO at Barra do Pacu, providing reasonable geological confidence and JORC compliance.

Positive factors

  • Indicated category resource
  • JORC compliant and QP signed

Evidence · table

“545”

Context: 77

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 117000000Grade: 2720Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d43c6397b5a62d43b51c
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
inferred
Tonnes
117000000
Grade
2720
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Soberbo, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“2,720”

Context: 117

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 117000000Grade: 170Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d43c6397b5a62d43b51c
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
inferred
Tonnes
117000000
Grade
170
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Soberbo, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“170”

Context: 117

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 117000000Grade: 484Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d43c6397b5a62d43b51c
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
inferred
Tonnes
117000000
Grade
484
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Soberbo, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“484”

Context: 117

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 117000000Grade: 5Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d43c6397b5a62d43b51c
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
inferred
Tonnes
117000000
Grade
5
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Soberbo, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“5”

Context: 117

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 117000000Grade: 24Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d43c6397b5a62d43b51c
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
inferred
Tonnes
117000000
Grade
24
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Soberbo, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“24”

Context: 117

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 117000000Grade: 683Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d43c6397b5a62d43b51c
Deposit or zone
Soberbo
Material type
Clay

Resource Data

Category
inferred
Tonnes
117000000
Grade
683
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Soberbo, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“683”

Context: 117

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 44000000Grade: 1619Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:8a1469c1152520301040
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
inferred
Tonnes
44000000
Grade
1619
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Capão do Mel, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“1,619”

Context: 44

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 44000000Grade: 74Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:8a1469c1152520301040
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
inferred
Tonnes
44000000
Grade
74
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Capão do Mel, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“74”

Context: 44

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 44000000Grade: 193Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:8a1469c1152520301040
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
inferred
Tonnes
44000000
Grade
193
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Capão do Mel, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“193”

Context: 44

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 44000000Grade: 2Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:8a1469c1152520301040
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
inferred
Tonnes
44000000
Grade
2
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Capão do Mel, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“2”

Context: 44

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 44000000Grade: 12Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:8a1469c1152520301040
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
inferred
Tonnes
44000000
Grade
12
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Capão do Mel, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“12”

Context: 44

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 44000000Grade: 282Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:8a1469c1152520301040
Deposit or zone
Capão do Mel
Material type
Clay

Resource Data

Category
inferred
Tonnes
44000000
Grade
282
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Capão do Mel, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“282”

Context: 44

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 8000000Grade: 2580Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:07712439894af776cabb
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
inferred
Tonnes
8000000
Grade
2580
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Figueira, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“2,580”

Context: 8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 8000000Grade: 119Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:07712439894af776cabb
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
inferred
Tonnes
8000000
Grade
119
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Figueira, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“119”

Context: 8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 8000000Grade: 327Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:07712439894af776cabb
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
inferred
Tonnes
8000000
Grade
327
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Figueira, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“327”

Context: 8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 8000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:07712439894af776cabb
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
inferred
Tonnes
8000000
Grade
4
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Figueira, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“4”

Context: 8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 8000000Grade: 26Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:07712439894af776cabb
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
inferred
Tonnes
8000000
Grade
26
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Figueira, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“26”

Context: 8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 8000000Grade: 476Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:07712439894af776cabb
Deposit or zone
Figueira
Material type
Clay

Resource Data

Category
inferred
Tonnes
8000000
Grade
476
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Figueira, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“476”

Context: 8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 49000000Grade: 2225Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:125ddfbe08e6c73244d7
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
inferred
Tonnes
49000000
Grade
2225
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Dona Maria 1, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“2,225”

Context: 49

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 49000000Grade: 121Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:125ddfbe08e6c73244d7
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
inferred
Tonnes
49000000
Grade
121
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Dona Maria 1, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“121”

Context: 49

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 49000000Grade: 383Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:125ddfbe08e6c73244d7
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
inferred
Tonnes
49000000
Grade
383
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Dona Maria 1, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“383”

Context: 49

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 49000000Grade: 5Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:125ddfbe08e6c73244d7
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
inferred
Tonnes
49000000
Grade
5
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Dona Maria 1, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“5”

Context: 49

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 49000000Grade: 25Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:125ddfbe08e6c73244d7
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
inferred
Tonnes
49000000
Grade
25
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Dona Maria 1, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“25”

Context: 49

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 49000000Grade: 534Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:125ddfbe08e6c73244d7
Deposit or zone
Dona Maria 1
Material type
Clay

Resource Data

Category
inferred
Tonnes
49000000
Grade
534
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Dona Maria 1, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“534”

Context: 49

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 29000000Grade: 2324Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0dc8cdf2fd0c568ea69d
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
inferred
Tonnes
29000000
Grade
2324
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Dona Maria 2, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“2,324”

Context: 29

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 29000000Grade: 130Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0dc8cdf2fd0c568ea69d
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
inferred
Tonnes
29000000
Grade
130
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Dona Maria 2, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“130”

Context: 29

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 29000000Grade: 397Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0dc8cdf2fd0c568ea69d
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
inferred
Tonnes
29000000
Grade
397
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Dona Maria 2, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“397”

Context: 29

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 29000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0dc8cdf2fd0c568ea69d
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
inferred
Tonnes
29000000
Grade
4
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Dona Maria 2, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“4”

Context: 29

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 29000000Grade: 21Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0dc8cdf2fd0c568ea69d
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
inferred
Tonnes
29000000
Grade
21
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Dona Maria 2, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“21”

Context: 29

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 29000000Grade: 552Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0dc8cdf2fd0c568ea69d
Deposit or zone
Dona Maria 2
Material type
Clay

Resource Data

Category
inferred
Tonnes
29000000
Grade
552
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Dona Maria 2, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“552”

Context: 29

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 78000000Grade: 2237Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a0d031be82a3b28b662e
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
inferred
Tonnes
78000000
Grade
2237
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“2,237”

Context: 78

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 78000000Grade: 126Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a0d031be82a3b28b662e
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
inferred
Tonnes
78000000
Grade
126
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“126”

Context: 78

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 78000000Grade: 377Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a0d031be82a3b28b662e
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
inferred
Tonnes
78000000
Grade
377
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“377”

Context: 78

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 78000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a0d031be82a3b28b662e
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
inferred
Tonnes
78000000
Grade
4
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“4”

Context: 78

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 78000000Grade: 23Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a0d031be82a3b28b662e
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
inferred
Tonnes
78000000
Grade
23
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“23”

Context: 78

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 78000000Grade: 530Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a0d031be82a3b28b662e
Deposit or zone
Cupim Vermelho Norte
Material type
Clay

Resource Data

Category
inferred
Tonnes
78000000
Grade
530
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“530”

Context: 78

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 190000000Grade: 2153Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:71cffc2900f7f96fbda2
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
inferred
Tonnes
190000000
Grade
2153
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Barra do Pacu, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“2,153”

Context: 190

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 190000000Grade: 112Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:71cffc2900f7f96fbda2
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
inferred
Tonnes
190000000
Grade
112
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Barra do Pacu, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“112”

Context: 190

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 190000000Grade: 296Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:71cffc2900f7f96fbda2
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
inferred
Tonnes
190000000
Grade
296
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Barra do Pacu, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“296”

Context: 190

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 190000000Grade: 3Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:71cffc2900f7f96fbda2
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
inferred
Tonnes
190000000
Grade
3
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Barra do Pacu, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“3”

Context: 190

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 190000000Grade: 18Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:71cffc2900f7f96fbda2
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
inferred
Tonnes
190000000
Grade
18
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Barra do Pacu, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“18”

Context: 190

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 190000000Grade: 429Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:71cffc2900f7f96fbda2
Deposit or zone
Barra do Pacu
Material type
Clay

Resource Data

Category
inferred
Tonnes
190000000
Grade
429
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Barra do Pacu, indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“429”

Context: 190

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 102000000Grade: 2234Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:33e7b0010ae9b62224e7
Deposit or zone
Soberbo
Material type
transitional

Resource Data

Category
inferred
Tonnes
102000000
Grade
2234
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Soberbo (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“2,234”

Context: 102

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 102000000Grade: 144Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:33e7b0010ae9b62224e7
Deposit or zone
Soberbo
Material type
transitional

Resource Data

Category
inferred
Tonnes
102000000
Grade
144
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Soberbo (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“144”

Context: 102

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 102000000Grade: 406Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:33e7b0010ae9b62224e7
Deposit or zone
Soberbo
Material type
transitional

Resource Data

Category
inferred
Tonnes
102000000
Grade
406
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Soberbo (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“406”

Context: 102

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 102000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:33e7b0010ae9b62224e7
Deposit or zone
Soberbo
Material type
transitional

Resource Data

Category
inferred
Tonnes
102000000
Grade
4
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Soberbo (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“4”

Context: 102

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 102000000Grade: 20Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:33e7b0010ae9b62224e7
Deposit or zone
Soberbo
Material type
transitional

Resource Data

Category
inferred
Tonnes
102000000
Grade
20
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Soberbo (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“20”

Context: 102

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 102000000Grade: 575Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:33e7b0010ae9b62224e7
Deposit or zone
Soberbo
Material type
transitional

Resource Data

Category
inferred
Tonnes
102000000
Grade
575
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Soberbo (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“575”

Context: 102

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 35000000Grade: 1498Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:79114ee5afe02467d30a
Deposit or zone
Capão do Mel
Material type
transitional

Resource Data

Category
inferred
Tonnes
35000000
Grade
1498
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Capão do Mel (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“1,498”

Context: 35

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 35000000Grade: 70Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:79114ee5afe02467d30a
Deposit or zone
Capão do Mel
Material type
transitional

Resource Data

Category
inferred
Tonnes
35000000
Grade
70
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Capão do Mel (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“70”

Context: 35

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 35000000Grade: 189Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:79114ee5afe02467d30a
Deposit or zone
Capão do Mel
Material type
transitional

Resource Data

Category
inferred
Tonnes
35000000
Grade
189
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Capão do Mel (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“189”

Context: 35

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 35000000Grade: 2Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:79114ee5afe02467d30a
Deposit or zone
Capão do Mel
Material type
transitional

Resource Data

Category
inferred
Tonnes
35000000
Grade
2
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Capão do Mel (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“2”

Context: 35

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 35000000Grade: 12Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:79114ee5afe02467d30a
Deposit or zone
Capão do Mel
Material type
transitional

Resource Data

Category
inferred
Tonnes
35000000
Grade
12
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Capão do Mel (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“12”

Context: 35

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 35000000Grade: 273Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:79114ee5afe02467d30a
Deposit or zone
Capão do Mel
Material type
transitional

Resource Data

Category
inferred
Tonnes
35000000
Grade
273
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Capão do Mel (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“273”

Context: 35

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 23000000Grade: 2022Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dab493b9341e67188805
Deposit or zone
Figueira
Material type
transitional

Resource Data

Category
inferred
Tonnes
23000000
Grade
2022
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Figueira (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“2,022”

Context: 23

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 23000000Grade: 102Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dab493b9341e67188805
Deposit or zone
Figueira
Material type
transitional

Resource Data

Category
inferred
Tonnes
23000000
Grade
102
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Figueira (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“102”

Context: 23

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 23000000Grade: 292Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dab493b9341e67188805
Deposit or zone
Figueira
Material type
transitional

Resource Data

Category
inferred
Tonnes
23000000
Grade
292
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Figueira (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“292”

Context: 23

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 23000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dab493b9341e67188805
Deposit or zone
Figueira
Material type
transitional

Resource Data

Category
inferred
Tonnes
23000000
Grade
4
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Figueira (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“4”

Context: 23

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 23000000Grade: 20Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dab493b9341e67188805
Deposit or zone
Figueira
Material type
transitional

Resource Data

Category
inferred
Tonnes
23000000
Grade
20
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Figueira (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“20”

Context: 23

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 23000000Grade: 419Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dab493b9341e67188805
Deposit or zone
Figueira
Material type
transitional

Resource Data

Category
inferred
Tonnes
23000000
Grade
419
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Figueira (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“419”

Context: 23

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 42000000Grade: 1703Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:93a87c339dfea6ad16af
Deposit or zone
Dona Maria 1
Material type
transitional

Resource Data

Category
inferred
Tonnes
42000000
Grade
1703
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Dona Maria 1 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“1,703”

Context: 42

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 42000000Grade: 95Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:93a87c339dfea6ad16af
Deposit or zone
Dona Maria 1
Material type
transitional

Resource Data

Category
inferred
Tonnes
42000000
Grade
95
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Dona Maria 1 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“95”

Context: 42

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 42000000Grade: 275Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:93a87c339dfea6ad16af
Deposit or zone
Dona Maria 1
Material type
transitional

Resource Data

Category
inferred
Tonnes
42000000
Grade
275
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Dona Maria 1 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“275”

Context: 42

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 42000000Grade: 3Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:93a87c339dfea6ad16af
Deposit or zone
Dona Maria 1
Material type
transitional

Resource Data

Category
inferred
Tonnes
42000000
Grade
3
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Dona Maria 1 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“3”

Context: 42

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 42000000Grade: 17Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:93a87c339dfea6ad16af
Deposit or zone
Dona Maria 1
Material type
transitional

Resource Data

Category
inferred
Tonnes
42000000
Grade
17
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Dona Maria 1 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“17”

Context: 42

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 42000000Grade: 390Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:93a87c339dfea6ad16af
Deposit or zone
Dona Maria 1
Material type
transitional

Resource Data

Category
inferred
Tonnes
42000000
Grade
390
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Dona Maria 1 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“390”

Context: 42

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 21000000Grade: 1615Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:aa4aea60ac63c1090ebd
Deposit or zone
Dona Maria 2
Material type
transitional

Resource Data

Category
inferred
Tonnes
21000000
Grade
1615
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Dona Maria 2 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“1,615”

Context: 21

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 21000000Grade: 86Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:aa4aea60ac63c1090ebd
Deposit or zone
Dona Maria 2
Material type
transitional

Resource Data

Category
inferred
Tonnes
21000000
Grade
86
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Dona Maria 2 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“86”

Context: 21

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 21000000Grade: 251Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:aa4aea60ac63c1090ebd
Deposit or zone
Dona Maria 2
Material type
transitional

Resource Data

Category
inferred
Tonnes
21000000
Grade
251
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Dona Maria 2 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“251”

Context: 21

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 21000000Grade: 3Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:aa4aea60ac63c1090ebd
Deposit or zone
Dona Maria 2
Material type
transitional

Resource Data

Category
inferred
Tonnes
21000000
Grade
3
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Dona Maria 2 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“3”

Context: 21

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 21000000Grade: 15Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:aa4aea60ac63c1090ebd
Deposit or zone
Dona Maria 2
Material type
transitional

Resource Data

Category
inferred
Tonnes
21000000
Grade
15
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Dona Maria 2 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“15”

Context: 21

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 21000000Grade: 355Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:aa4aea60ac63c1090ebd
Deposit or zone
Dona Maria 2
Material type
transitional

Resource Data

Category
inferred
Tonnes
21000000
Grade
355
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Dona Maria 2 (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“355”

Context: 21

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 67000000Grade: 1665Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a8ace1ce823ff6c3359f
Deposit or zone
Cupim Vermelho Norte
Material type
transitional

Resource Data

Category
inferred
Tonnes
67000000
Grade
1665
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Cupim Vermelho Norte (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“1,665”

Context: 67

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 67000000Grade: 92Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a8ace1ce823ff6c3359f
Deposit or zone
Cupim Vermelho Norte
Material type
transitional

Resource Data

Category
inferred
Tonnes
67000000
Grade
92
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Cupim Vermelho Norte (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“92”

Context: 67

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 67000000Grade: 281Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a8ace1ce823ff6c3359f
Deposit or zone
Cupim Vermelho Norte
Material type
transitional

Resource Data

Category
inferred
Tonnes
67000000
Grade
281
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Cupim Vermelho Norte (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“281”

Context: 67

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 67000000Grade: 3Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a8ace1ce823ff6c3359f
Deposit or zone
Cupim Vermelho Norte
Material type
transitional

Resource Data

Category
inferred
Tonnes
67000000
Grade
3
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Cupim Vermelho Norte (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“3”

Context: 67

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 67000000Grade: 17Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a8ace1ce823ff6c3359f
Deposit or zone
Cupim Vermelho Norte
Material type
transitional

Resource Data

Category
inferred
Tonnes
67000000
Grade
17
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Cupim Vermelho Norte (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“17”

Context: 67

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 67000000Grade: 393Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a8ace1ce823ff6c3359f
Deposit or zone
Cupim Vermelho Norte
Material type
transitional

Resource Data

Category
inferred
Tonnes
67000000
Grade
393
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Cupim Vermelho Norte (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“393”

Context: 67

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · treoTonnes: 122000000Grade: 1837Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:eecf003f64149a588000
Deposit or zone
Barra do Pacu
Material type
transitional

Resource Data

Category
inferred
Tonnes
122000000
Grade
1837
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for TREO at Barra do Pacu (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“1,837”

Context: 122

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · pr6o11Tonnes: 122000000Grade: 95Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:eecf003f64149a588000
Deposit or zone
Barra do Pacu
Material type
transitional

Resource Data

Category
inferred
Tonnes
122000000
Grade
95
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Pr6O11 at Barra do Pacu (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“95”

Context: 122

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · nd2o3Tonnes: 122000000Grade: 253Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:eecf003f64149a588000
Deposit or zone
Barra do Pacu
Material type
transitional

Resource Data

Category
inferred
Tonnes
122000000
Grade
253
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Nd2O3 at Barra do Pacu (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“253”

Context: 122

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · tb4o7Tonnes: 122000000Grade: 3Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:eecf003f64149a588000
Deposit or zone
Barra do Pacu
Material type
transitional

Resource Data

Category
inferred
Tonnes
122000000
Grade
3
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Tb4O7 at Barra do Pacu (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“3”

Context: 122

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · dy2o3Tonnes: 122000000Grade: 15Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:eecf003f64149a588000
Deposit or zone
Barra do Pacu
Material type
transitional

Resource Data

Category
inferred
Tonnes
122000000
Grade
15
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for Dy2O3 at Barra do Pacu (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“15”

Context: 122

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredCaldeira Rare Earth Project · mreoTonnes: 122000000Grade: 365Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:eecf003f64149a588000
Deposit or zone
Barra do Pacu
Material type
transitional

Resource Data

Category
inferred
Tonnes
122000000
Grade
365
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-09

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred resource for MREO at Barra do Pacu (Transition), indicating lower geological confidence despite JORC compliance.

Positive factors

  • JORC compliant and QP signed

Negative factors

  • Inferred category resource

Evidence · table

“365”

Context: 122

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · treoTonnes: 75600000Grade: 3674Grade Unit: ppmContained Metal: 278Contained Unit: ktView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b5b0a7a17435f6622763
Deposit or zone
Capão do Mel and Barra do Pacu deposits

Resource Data

Category
probable
Tonnes
75600000
Grade
3674
Grade Unit
ppm
Contained Metal
278
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for TREO at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed
  • Significant contained metal

Evidence · table

“3,674”

Context: 75.6

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · pr6o11Tonnes: 75600000Grade: 217Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b5b0a7a17435f6622763
Deposit or zone
Capão do Mel and Barra do Pacu deposits

Resource Data

Category
probable
Tonnes
75600000
Grade
217
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Pr6O11 at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“217”

Context: 75.6

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · nd2o3Tonnes: 75600000Grade: 587Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b5b0a7a17435f6622763
Deposit or zone
Capão do Mel and Barra do Pacu deposits

Resource Data

Category
probable
Tonnes
75600000
Grade
587
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Nd2O3 at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“587”

Context: 75.6

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · tb4o7Tonnes: 75600000Grade: 6Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b5b0a7a17435f6622763
Deposit or zone
Capão do Mel and Barra do Pacu deposits

Resource Data

Category
probable
Tonnes
75600000
Grade
6
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Tb4O7 at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“6”

Context: 75.6

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · dy2o3Tonnes: 75600000Grade: 28Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b5b0a7a17435f6622763
Deposit or zone
Capão do Mel and Barra do Pacu deposits

Resource Data

Category
probable
Tonnes
75600000
Grade
28
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Dy2O3 at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“28”

Context: 75.6

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · mreoTonnes: 75600000Grade: 838Grade Unit: ppmContained Metal: 63Contained Unit: ktView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b5b0a7a17435f6622763
Deposit or zone
Capão do Mel and Barra do Pacu deposits

Resource Data

Category
probable
Tonnes
75600000
Grade
838
Grade Unit
ppm
Contained Metal
63
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for MREO at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed
  • Significant contained metal

Evidence · table

“838”

Context: 75.6

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · treoTonnes: 41500000Grade: 3180Grade Unit: ppmContained Metal: 132Contained Unit: ktView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:12a9a0a204d64b413b98
Deposit or zone
Soberbo deposit

Resource Data

Category
probable
Tonnes
41500000
Grade
3180
Grade Unit
ppm
Contained Metal
132
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for TREO at Soberbo, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed
  • Significant contained metal

Evidence · table

“3,180”

Context: 41.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · pr6o11Tonnes: 41500000Grade: 209Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:12a9a0a204d64b413b98
Deposit or zone
Soberbo deposit

Resource Data

Category
probable
Tonnes
41500000
Grade
209
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Pr6O11 at Soberbo, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“209”

Context: 41.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · nd2o3Tonnes: 41500000Grade: 602Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:12a9a0a204d64b413b98
Deposit or zone
Soberbo deposit

Resource Data

Category
probable
Tonnes
41500000
Grade
602
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Nd2O3 at Soberbo, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“602”

Context: 41.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · tb4o7Tonnes: 41500000Grade: 6Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:12a9a0a204d64b413b98
Deposit or zone
Soberbo deposit

Resource Data

Category
probable
Tonnes
41500000
Grade
6
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Tb4O7 at Soberbo, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“6”

Context: 41.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · dy2o3Tonnes: 41500000Grade: 28Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:12a9a0a204d64b413b98
Deposit or zone
Soberbo deposit

Resource Data

Category
probable
Tonnes
41500000
Grade
28
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Dy2O3 at Soberbo, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“28”

Context: 41.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · mreoTonnes: 41500000Grade: 844Grade Unit: ppmContained Metal: 35Contained Unit: ktView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:12a9a0a204d64b413b98
Deposit or zone
Soberbo deposit

Resource Data

Category
probable
Tonnes
41500000
Grade
844
Grade Unit
ppm
Contained Metal
35
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for MREO at Soberbo, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed
  • Significant contained metal

Evidence · table

“844”

Context: 41.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · treoTonnes: 33900000Grade: 3612Grade Unit: ppmContained Metal: 122Contained Unit: ktView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
treo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:1e8ee959316355894253
Deposit or zone
Figueira deposit

Resource Data

Category
probable
Tonnes
33900000
Grade
3612
Grade Unit
ppm
Contained Metal
122
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for TREO at Figueira, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed
  • Significant contained metal

Evidence · table

“3,612”

Context: 33.9

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · pr6o11Tonnes: 33900000Grade: 227Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
pr6o11
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:1e8ee959316355894253
Deposit or zone
Figueira deposit

Resource Data

Category
probable
Tonnes
33900000
Grade
227
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Pr6O11 at Figueira, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“227”

Context: 33.9

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · nd2o3Tonnes: 33900000Grade: 644Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
nd2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:1e8ee959316355894253
Deposit or zone
Figueira deposit

Resource Data

Category
probable
Tonnes
33900000
Grade
644
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Nd2O3 at Figueira, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“644”

Context: 33.9

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · tb4o7Tonnes: 33900000Grade: 7Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
tb4o7
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:1e8ee959316355894253
Deposit or zone
Figueira deposit

Resource Data

Category
probable
Tonnes
33900000
Grade
7
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Tb4O7 at Figueira, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“7”

Context: 33.9

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · dy2o3Tonnes: 33900000Grade: 37Grade Unit: ppmView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
dy2o3
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:1e8ee959316355894253
Deposit or zone
Figueira deposit

Resource Data

Category
probable
Tonnes
33900000
Grade
37
Grade Unit
ppm

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for Dy2O3 at Figueira, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed

Evidence · table

“37”

Context: 33.9

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableCaldeira Rare Earth Project · mreoTonnes: 33900000Grade: 915Grade Unit: ppmContained Metal: 31Contained Unit: ktView all details
Link to this fact

Identity

Project
Caldeira Rare Earth Project
Commodity
mreo
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
LYC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:1e8ee959316355894253
Deposit or zone
Figueira deposit

Resource Data

Category
probable
Tonnes
33900000
Grade
915
Grade Unit
ppm
Contained Metal
31
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Probable Ore Reserve for MREO at Figueira, indicating high confidence in economic extractability and JORC compliance.

Positive factors

  • Probable Ore Reserve category
  • JORC compliant and QP signed
  • Significant contained metal

Evidence · table

“915”

Context: 33.9

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.