CRP Quarterly Report Further Progress on Multiple Projects

Chatham Rock Phosphate Limited continues to make significant progress on their portfolio of projects which include rock phosphate, rare earths, and selenium.

These initiatives were sparked by the release of the Queensland Government's Resources Industry Development Plan, with six key focus areas and 43 nominated actions.

Selenium is used in various technology and is also necessary for human life.

Chatham now has seven phosphate related initiatives underway, and their wholly-owned Australian company Pacific Rare Earths Limited is researching extraction of rare earth elements from phosphate minerals.

Initial testing of sensor-based ore sorting of Korella phosphate has shown positive results.

Australia is a major non-China resource of Rare Earth Elements and the target market for Chatham's TREO with 50% heavy rare earths content is Japan.