Announcement PDF ASX / MEDIA ANNOUNCEMENT 30 July 2020 June 2020 Quarterly Activities Report Strong progress across key exploration projects in NSW and WA and well-supported capital raising position RareX for a potentially transformational second half of 2020 HIGHLIGHTS • • • • • • • Drilling commenced at the Trundle Copper-Gold Project, NSW under the JV with Kincora Copper First diamond hole intersected multiple significantly mineralised skarn zones at the Trundle Park target, including several broad high-grade intercepts Kincora reported strong encouragement from initial drilling at the Mordialloc Target, demonstrating proximity to the core of the porphyry system Drilling is continuing with two holes currently targeting the interpreted centre of the porphyry 6,000m RC drill program commenced at the 100%-owned Cummins Range Rare Earth Project subsequent to quarter-end, the first drilling at the project in almost 10 years Highly experienced mining executive Cameron Henry appointed as a non-executive Director Strongly supported $2.3m capital raising completed at $0.05 per share RareX Limited (ASX: REE) is pleased to advise that it made strong progress across both of its key exploration assets during the June Quarter, with the maiden diamond drilling program at the Trundle Copper-Gold Porphyry Project in NSW (Kincora Copper: 65%; RareX: 35%) achieving early success and preparations completed for its maiden drill program at the Cummins Range Rare Earth Project in WA (RareX: 100%). Cummins Range Rare Earth Project PLANNED DRILLING PROGRAM AT CUMMINS RANGE During the quarter, the Company announced its intention to re-commence exploration programs at the Cummins Range Rare Earth Project, located in the Kimberley region of WA, in July, following the lifting of COVID-19 travel restrictions. The Company has designed a 6,000m Reverse Circulation (RC) drill program with the following objectives: 1. Grow the existing JORC Resource along strike and at depth. 2. Convert higher grade portion of the Inferred Resource to Indicated status. 3. Collect samples for metallurgical testwork. RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 1 4. Target additional discoveries outside of the existing JORC Resource. In December 2019, RareX undertook a passive seismic survey at its Cummins Range Project to search for extensions of the known JORC Resource both along strike and at depth. The survey highlighted multiple new exploration targets within highly prospective trends. These targets have the potential for the discovery of further resources given that only a small portion of the prospective trends have been effectively tested previously by drilling, which has been focused mainly within the existing Resource. The majority of drilling outside of the known resource is shallow air-core and has not effectively tested the base of the weathered channels where the best mineralisation often tends to occur. Figure 1 – Cummins Range exploration drill plan for upcoming drill program DRILLING COMMENCED Subsequent to quarter-end, RareX announced that drilling had commenced at Cummins Range. This marks an important milestone for the Company and the project as this is the first time it has been drilled since 2011. The mineralisation at Cummins Range is hosted within the weathered laterite horizon above the carbonatite intrusion – a similar geological setting to the world-class Mt Weld Rare Earths Deposit owned by Lynas Corporation (ASX: LYC). RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 2 RareX has mobilised its own geological and field staff and has contracted RC drilling company, KTE Drilling, to complete the program. The program is expected to run for two months and be completed by the end of September. Results will be provided as they come to hand. HIGH NDPR CONTENT AT CUMMINS RANGE On the 26th May, RareX advised that a review of the historical drill database at the Cummins Range Project had confirmed highly attractive enrichment characteristics, indicating high levels of Neodymium-Praseodymium (NdPr) and ultra-low levels of Thorium. NdPr Content Confirmed at Cummins Range at 22.1% with ultra-low Thorium The database review determined an average Neodymium-Praseodymium (NdPr) content of 22.1% 1. It has also highlighted ultra-low Thorium content at 50ppm ThO2. By comparison, most monazite derived from mineral sands averages in the range of 1-10% Thorium, giving Cummins Range a distinct advantage Cummins Range - Rare Earth Deportment 4.2% 22.1% NdPr Other LRE HRE 73.5% The NdPr content of the Total Rare Earth Oxide (TREO) grade is consistent with other known carbonatite rare earth deposits including Mt Weld (24.7% NdPr Enrichment; Lynas Corporation Limited ASX:LYC), Ngualla (21.3% NdPr Enrichment; Peak Resources Limited ASX:PEK) and Mountain Pass (16.3% NdPr Enrichment; MP Materials). 1 NdPr Enrichment is defined as the proportion of Nd O and Pr O 2 3 6 11. The significant intersections are provided in Table 1 attached. RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 3 Table 1: Cummins Range Inferred Mineral Resource 5,000ppm TREOY cut-off grade Rare Earth Element Grade ppm La₂O₃ Lanthanum 2,780 CeO₂ Cesium 5,160 Pr₆O₁₁ Praseodymium 560 Nd₂O₃ Neodymium 1,910 Sm₂O₃ Samarium 250 Eu₂O₃ Europium 60 Gd₂O₃ Gadolinium 160 Tb₄O₇ Terbium 20 Dy₂O₃ Dysprosium 80 Ho₂O₃ Holmium 10 Er₂O₃ Erbium 20 Tm₂O₃ Thulium 4 Yb₂O₃ Ytterbium 10 Lu₂O₃ Lutetium 2 Yttrium Oxide Y₂O₃ Yttrium 270 Thorium ThO₂ Total Rare Earth Oxides + Yttrium TREOY LREO, Light Rare Earth Oxides HREO, Heavy Rare Earth Oxides 50 13,000,000 tonnes 11,300ppm OR 1.13% Rounding errors may occur. Thorium is not a rare earth oxide but is included here to illustrate the low levels of this potential contaminant. Once the planned in-fill drilling program at Cummins Range is completed, the model will be updated with all the rare earth oxide grades estimated individually. This in-fill drilling, combined with the more detailed grade estimation and block modelling, will result in an upgraded resource classification from the current Inferred. RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 4 The Trundle Project DRILLING COMMENCED During the quarter, RareX advised that its JV partner, Kincora Copper Limited (TSX-V: KCC) (Kincora), had commenced drilling at the Trundle Project, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in central west New South Wales. The Trundle Project is a 65%: 35% JV between Kincora and RareX. Trundle is the only brownfield porphyry project held by a listed junior in the Macquarie Arc, Australia’s foremost porphyry region. Trundle has excellent potential for new higher-grade porphyry and skarn copper-gold discoveries. Kincora exploration is led by John Holliday (ex-Newcrest) who is the principal discoverer of Cadia (100% Newcrest), Australia’s largest porphyry mine which is also located in the Macquarie Arc. The Trundle Project was previously owned by Newcrest (1990’s & early 2000’s) with no drilling below 200m depth. A first phase drilling program is planned comprising six holes for 3,800m, testing three known mineralized targets seeking to discover a new cluster of porphyry deposits. Extensive porphyry and skarn-style copper-gold mineralisation and informal mining activities are associated with several Ordovician intrusive centres across the full Trundle license, which is located within a prolific mining and infrastructure district. TRUNDLE PARK DRILL RESULTS Subsequent to quarter-end, RareX reported assay results from the first diamond drill-hole completed at the Trundle Project. The hole, TRDD001, intersected multiple significant intervals of high-grade shallow gold and copper skarn mineralisation, as well as a deeper broad anomalous interval of gold-copper mineralisation within the targeted porphyry intrusion system. The skarn and porphyry intrusion system setting intersected at the Trundle Park target is a common geological setting of many large porphyry systems. Within the Macquarie Arc, the Big and Little Cadia skarns at Cadia, and were important to the discovery of multiple adjacent causative intrusions and deposits that make up the largest porphyry system in Australia. The fourth hole of the ongoing maiden Kincora drilling program at the Trundle Project, and follow-up hole to TRDD001, has recently been completed at the Trundle Park target (detailed review of core pending) with drilling activities remobilized to complete the previously announced third hole at the Bayleys porphyry target. These indicators include significant intervals with visually interpreted localized moderate copper grades and inner propylitic zone alteration. RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 5 Figure 2: Cross section of TRDD001 at the Trundle Park target: Targeted geological setting of adjacent porphyry to near surface high-grade skarn returned in first hole RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 6 Figure 3: Highly mineralized and multiple skarn zones intersected at Trundle Park: Targeted geological setting of adjacent porphyry to near surface skarn confirm in first hole – photos of selected intervals which are not representative of the mineralisation hosted on the whole property but are of the lithology’s intersected in the mineralized zones in this drill hole RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 7 MORDIALLOC DRILL RESULTS Subsequent to quarter-end, RareX reported assay results for hole TRDD002, the first diamond hole to be drilled at the Mordialloc Target and further strong encouragement from TRDD005 Drilling by previous explorers at the Mordialloc target and the assay results of TRDD002 have returned metal grades comparable to the surrounding parts of the Northparkes deposits and Cadia-Ridgeway within inner- to outer propylitic style hydrothermal alteration. Visual results from ongoing drilling at TRDD005, the second Kincora hole at the Mordialloc target and follow-up located 150m south of TRDD002, demonstrate a volcanoclastic sandstone and agglomerate host rock sequence at approximately 632m, and over 12m down hole with improved epidote-chlorite alteration and visual quartz-calcite-pyrite-chalcopyrite mineralization materially more intense in comparison to TRDD002. From 643m, 0.5m interval with abundant pyrite-epidote-chlorite is overprinted by quartz-calcitepyrite-chalcopyrite-sphalerite-hematite along veins. Drilling of TRDD005 is ongoing and will shortly resume after the current scheduled break. Drill hole TRDD002 was completed to a depth of 790m, relative to an original target depth of 700m. The hole intersected an intrusive complex of quartz monzodiorite, quartz monzonite and quartz monzonite porphyry bodies intruded into a predominantly calcalkaline volcaniclastic sequence of fragmentals and andesite flows. The lithologies generally display well-developed propylitic alteration throughout consisting of epidote + pyrite + chlorite ± prehnite and hematite dusting of feldspars, with local occurrences of chalcopyrite. Alteration intensity increases significantly to the end of the drill hole with higher temperature inner propylitic zone actionolite and magnetite occurring as vein selvedges indicating possible proximity to a mineralized potassic core. Further drilling in addition to the extension of TRDD002 and ongoing TRDD005 is proposed to vector and pursue positive alteration patterns, mineralization and geophysics at the Mordialloc target to aggressively test the targeted finger porphyry setting and potential cluster of associated mineralized systems. Such a vectoring from drill-hole indicators was the exploration approach that was the key to the discovery of Cadia-Ridgeway, the majority of the Northparkes deposits and Alkane’s success at Boda. RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 8 Figure 4: Conceptual position of current drill holes at the Mordialloc target Conceptual section of Macquarie Arc “pencil” porphyry systems based on Northparkes & Ridgeway deposits showing the potential position of Kincora’s Mordialloc drill hole TRDD002 in relation to the characteristic geology & alteration haloes of these systems. Increasing intensity of propylitic alteration down hole in TRDD002 suggests a potentially proximal location to potassic alteration – TRDD002 is to be extended. Drill-hole TRDD005 also is shown projected onto the section and is ongoing. RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 9 Orange East RETAINED 100% OWNERSHIP OF ORANGE EAST During the quarter, the Company announced that it had retained 100% of the Orange East tenement (EL8442), located near the advanced McPhillamys Gold Project in NSW, from Alkane Resources Limited (Alkane). EL8442 is located just 15km along strike from McPhillamys (Probable Reserve of 60.1Mt at 1.05g/t Au for 2.03Moz 2), which is owned by Regis Resources Limited and currently in the final stages of permitting ahead of a potential final investment decision. Figure 5: Regional Geology and Tenement Map The project area has strong geological and geochemical similarities to the McPhillamys Project, being located just 15km north‐northwest along strike. The tenement is located on the eastern margin of the Molong Volcanic Belt with much of the tenement hosting the Mullions Range Imbricate Thrust Zone (MRIZ). The regionally significant Godolphin-Copperhannia Thrust Fault zone (GCFZ) traverses through the centre of the tenement and host dozens of historical copper-gold workings. An initial geological review of the Orange East Project has identified several advanced prospects, with the Gunnarbee Prospect in particular showing particularly striking similarities to the McPhillamys deposit, including: 2 https://regisresources.com.au/McPhillamys-Gold-Project/mcphillamys-gold-project.html RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 10 • • • both are hosted in the Silurian volcaniclastic rocks of the Anson Formation adjacent to the GCFZ (Figure 5); both have coincident Au-As-Ba-Bi--Pb-Cu-Mo-Te surface anomalies, with the Gunnarbee geochemical anomaly extending over an area ~1,000m north-south by 200m east-west; and both have K radiometric high anomalies. This prospect is entirely untested by modern exploration. Figure 6: Historical Exploration on EL8442 with Gunnarbee Prospect untested Many other prospects on the Orange East Project remain prospective for high-grade copper gold mineralisation along the GCFZ, which runs south from the tenement past the McPhillamys deposit and onto Sky Metals’ Cullarin Project (recent intercept of 93m at 4.24g/t Au 3). The area along the Godolphin fault has been subject to most attention by previous explorers, including rock chips and soil sampling, as well as limited IP, RC and diamond drilling programs in 2009 and 2010. The areas of drilling and IP survey are shown above in Figure 2. RareX is currently compiling all previous exploration data and looks forward to updating the market on its proposed exploration plan for this project. 3 Sky Metals ASX Release 10th February 2020 RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 11 Weld North Subsequent to quarter-end, the Weld North tenement was granted, and exploration is anticipated to commence following the conclusion of exploration at Cummins Range. Morocco Cobalt Projects No further work was undertaken on the Moroccan projects during the quarter. Leogang Project, Austria No further work was undertaken on the Moroccan projects during the quarter. Corporate APPOINTMENT OF MR CAMERON HENRY On 2 June, RareX advised that it has further strengthened its board with the appointment of highly experienced senior mining executive, Cameron Henry, as an independent Non-executive Director, effective immediately. Mr Henry is the founding Managing Director of ASX-listed engineering firm, Primero Group Limited (ASX: PGX), where he has led the Company’s strategic and operational direction resulting in its successful listing on the ASX in 2018 and rapid growth globally. He has been instrumental in positioning the Group to grow within the resources sector as a leader in sub-$150 million CAPEX EPC projects, ensuring it can differentiate its services offering across design, construction and operation. Primero now operates in several regions globally with annual revenues of approximately A$200 million. Mr Henry has over 20 years of industry experience in the development and delivery of minerals processing, energy and infrastructure projects across Australia, Indonesia, North and South America. CAPITAL RAISING On 18 June, RareX announced that it has received firm commitments to raise $2.3 million (before costs) through a strongly supported share placement to institutional and professional investors at A$0.05 per share, with 46 million new fully-paid ordinary shares to be issued (Placement). RareX received strong support from existing institutional and professional investors for the capital raising, with Directors also showing strong support by collectively subscribing for $200,000 worth of shares in the Placement. The shares to be issued to the Directors will be subject to shareholder approval at a meeting to be convened in due course. The new shares were issued under the Company’s existing placement capacity under ASX Listing Rules 7.1 (10,838,538 shares) and 7.1A (31,174,962 shares). RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 12 Placement funds will be used to fund the Company’s RC drilling program at its Cummins Range Rare Earths Project, due to commence in July, and for general working capital. Canaccord Genuity (Australia) Limited acted as Sole Lead Manager to the Placement. This quarterly report has been approved for release by the Board of RareX Limited. For further information, please contact: Jeremy Robinson Executive Director Competent Persons Statement Information in this release that relates to current Exploration Results is based on and fairly represents information and supporting documentation prepared and compiled by Mr Guy Moulang, an experienced geologist consulting for RareX Limited. Mr Moulang is a Member of the Australian Institute of Geoscientist and has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Moulang consents to the inclusion in this release of the matters based on his information in the form and context in which it appears. The Company confirms the information has not materially changed since first being report to the ASX. Cummins Range Rare Earths Project Cummins Range is located approximately 130km south west of Halls Creek township and airstrip in Western Australia and is 120km from the Great Northern Highway which runs from Port Hedland to Wyndham. Cummins Range is recognised as one of only two known rare earth bearing carbonatites in Australia with the other being Mt Weld owned by Lynas Corporation Ltd. Cummins Range has potential for high Neodymium and Praseodymium enrichment. No drilling has occurred at Cummins Range since 2011 with indications that the mineralisation remains open at depth and along strike. The Trundle Project The Trundle Project is located 30km west of the China Molybdenum Company Limited (China Moly) operated Northparkes copper-gold project, which is Australia’s second largest porphyry mine (behind Newcrest’s Cadia, also located in the Macquarie Arc). China Moly acquired an 80% interest in Northparkes from Rio Tinto in July 2013 for US$820 million (Sumitomo retaining a 20% minority interest) and has since undertaken a material expansion of production and extension of mine life. Trundle hosts the inferred westerly rift of the Northparkes Igneous Complex with extensive evidence of porphyry and skarn-style copper-gold mineralisation across a 12.5km strike associated with Ordovician intrusive centres similar to the Northparkes and Cadia deposits and mines. RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 13 Appendix 1: RareX Limited Interests in Mining Tenements The following information is provided pursuant to Listing Rule 5.3.3 for the quarter ended 30 June 2020. During the quarter, the Company applied for the Byro tenements E09/2386, E09/2387 E09/2409 and E09/2408. Australian Tenement Schedule State Project WA Cummins Range WA Cummins Range Extension WA Byro WA Byro WA Byro WA Byro WA Weld North WA Mt Mansbridge WA Hong Kong NSW Condobolin NSW Cundumbul NSW Fairholme NSW Fairholme NSW Trundle NSW Jemalong NSW Orange East Lease No E 80/5092 E80/5092 E09/2386 E09/2387 E09/2409 E09/2409 E38/3455 E80/5430 EL 47/3566 EL 7748 EL 6661 EL 6552 EL 6915 EL 8222 EL 8502 EL 8442 RareX interest 100% 100% 100% 100% 100% 100% 100% 100% 30% 35% 35% 35% 35% 35% 35% 100% Note Application Application Application Application Application Application Application Austrian Tenement Schedule – Leogang - RareX First Priority Designation Reference Cadastral Municipalities Meridian Centre in the Cadastral Municipality Other Cadastral Municipality Concerned 51/17/S (CLY-LEOG-003) M 31 Schwarzleo 56/17/S (CLY-LEOG-008) M 31 Schwarzleo Sonnberg, Pirzbichl 57/17/S (CLY-LEOG-009) M 31 Schwarzleo Grießen 58/17/S (CLY-LEOG-010) M 31 Schwarzleo Grießen 64/17/S (CLY-LEOG-016) M 31 Schwarzleo Grießen 68/17/S (CLY-LEOG-020) M 31 Grießen 71/17/S (CLY-LEOG-023) M 31 Grießen 74/17/S (CLY-LEOG-026) M 31 Grießen Hoch filzen 78/17/S (CLY-LEOG-030) M 31 Schwarzleo 79/17/S (CLY-LEOG-031) M 31 Schwarzleo Saalbach 80/17/S (CLY-LEOG-032) M 31 Schwarzleo Saalbach 81/17/S (CLY-LEOG-033) M 31 Schwarzleo Grießen, Hoch filzen, Fieberbrunn 82/17/S (CLY-LEOG-034) M 31 Schwarzleo Saalbach 83/17/S (CLY-LEOG-035) M 31 Schwarzleo Fieberbrunn 84/17/S (CLY-LEOG-036) M 31 Schwarzleo Fieberbrunn, Saalbach 85/17/S (CLY-LEOG-037) M 31 Fieberbrunn 86/17/S (CLY-LEOG-038) M 31 Fieberbrunn Hoch filzen 87/17/S (CLY-LEOG-039) M 31 Fieberbrunn 88/17/S (CLY-LEOG-040) M 31 Fieberbrunn 89/17/S (CLY-LEOG-041) M 31 Fieberbrunn 90/17/S (CLY-LEOG-042) M 31 Fieberbrunn Saalbach 91/17/S (CLY-LEOG-043) M 31 Fieberbrunn 92/17/S (CLY-LEOG-044) M 31 Fieberbrunn 93/17/S (CLY-LEOG-045) M 31 Fieberbrunn 94/17/S (CLY-LEOG-046) M 31 Fieberbrunn 95/17/S (CLY-LEOG-047) M 31 Fieberbrunn Saalbach RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 14 96/17/S (CLY-LEOG-048) 98/17/S (CLY-LEOG-050) 99/17/S (CLY-LEOG-051) 101/17/S (CLY-LEOG-053) 103/17/S (CLY-LEOG-055) 104/17/S (CLY-LEOG-056) 105/17/S (CLY-LEOG-057) 106/17/S (CLY-LEOG-058) 107/17/S (CLY-LEOG-059) 108/17/S (CLY-LEOG-060) 109/17/S (CLY-LEOG-061) 110/17/S (CLY-LEOG-062) 111/17/S (CLY-LEOG-063) 112/17/S (CLY-LEOG-064) 114/17/S (CLY-LEOG-066) 115/17/S (CLY-LEOG-067) 116/17/S (CLY-LEOG-068) 117/17/S (CLY-LEOG-069) 118/17/S (CLY-LEOG-070) 119/17/S (CLY-LEOG-071) 120/17/S (CLY-LEOG-072) 121/17/S (CLY-LEOG-073) 122/17/S (CLY-LEOG-074) 123/17/S (CLY-LEOG-075) 124/17/S (CLY-LEOG-076) 125/17/S (CLY-LEOG-077) 126/17/S (CLY-LEOG-078) 127/17/S (CLY-LEOG-079) 128/17/S (CLY-LEOG-080) 129/17/S (CLY-LEOG-081) 130/17/S (CLY-LEOG-082) 131/17/S (CLY-LEOG-083) 132/17/S (CLY-LEOG-084) 133/17/S (CLY-LEOG-085) 134/17/S (CLY-LEOG-086) 135/17/S (CLY-LEOG-087) 136/17/S (CLY-LEOG-088) 137/17/S (CLY-LEOG-089) 138/17/S (CLY-LEOG-090) 139/17/S (CLY-LEOG-091) 140/17/S (CLY-LEOG-092) 141/17/S (CLY-LEOG-093) 142/17/S (CLY-LEOG-094) 143/17/S (CLY-LEOG-095) 144/17/S (CLY-LEOG-096) 145/17/S (CLY-LEOG-097) 146/17/S (CLY-LEOG-098) 147/17/S (CLY-LEOG-099) 148/17/S (CLY-LEOG-1OO) M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Hochfilzen Hochfilzen Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Saalbach Aurach Aurach Saalbach Grießen Grießen Saalbach Austrian Tenement Schedule – Kitzbuhel - RareX First Priority Designation Reference Cadastral Municipalities Meridian Centre in the Cadastral Municipality Other Cadastral Municipality Concerned 38/17/T (CLY- KITZ-001) M 31 Fieberbrunn 39/17/T (CLY- KITZ -002) M 31 Fieberbrunn 40/17/T (CLY- KITZ -003) M 31 Fieberbrunn 41/17/T (CLY- KITZ -004) M 31 Fieberbrunn 42/17/T (CLY- KITZ-005) M 31 Fieberbrunn 43/17/T (CLY- KITZ-006) M 31 Fieberbrunn RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 15 44/17/T (CLY- KITZ -007) 45/17/T (CLY- KITZ -008) 46/17/T (CLY- KITZ -009) 47/17/T (CLY- KITZ-010) 48/17/T (CLY- KITZ -011) 49/17/T (CLY- KITZ-012) 50/17/T (CLY- KITZ-013) 51/17/T (CLY- KITZ-014) 52/17/T (CLY- KITZ -015) 53/17/T (CLY- KITZ -016) 54/17/T (CLY- KITZ -017) 55/17/T (CLY- KITZ -018) 56/17/T (CLY- KITZ-019) 57/17/T (CLY- KITZ-020) 58/17/T (CLY- KITZ-021) 59/17/T (CLY- KITZ-022) 60/17/T (CLY- KZTZ-023) 61/17/T (CLY- KITZ-024) 62/17/T (CLY-KITZ-025) 63/17/T (CLY-KITZ-026) 64/17/T (CLY-KITZ-027) 65/17/T (CLY-KITZ-028) 66/17/T (CLY-KITZ-029) 67/17/T (CLY-KITZ-030) 68/17/T (CLY-KITZ-031) 69/17/T (CLY-KITZ-032) 70/17/T (CLY-KITZ-033) 71/17/T (CLY-KITZ-034) 72/17/T (CLY-KITZ-035) 73/17/T (CLY-KITZ-036) 74/17/T (CLY-KITZ-037) 75/17/T (CLY-KITZ-038) 76/17/T (CLY-KITZ-039) 77/17/T (CLY-KITZ-040) 78/17/T (CLY-KITZ-041) 79/17/T (CLY-KITZ-042) 80/17/T (CLY-KITZ-043) 81/17/T (CLY-KITZ-044) 82/17/T (CLY-KITZ-045) 83/17/T (CLY-KITZ-046) 84/17/T (CLY-KITZ-047) 85/17/T (CLY-KITZ-048) 86/17/T (CLY-KITZ-049) 87/17/T (CLY-KITZ-050) 88/17/T (CLY-KITZ-051) 89/17/T (CLY-KITZ-052) 90/17/T (CLY-KITZ-053) 91/17/T (CLY-KITZ-054) 92/17/T (CLY-KITZ-055) 93/17/T (CLY-KITZ-056) 94/17/T (CLY-KITZ-057) 95/17/T (CLY-KITZ-058) 96/17/T (CLY-KITZ-059) 97/17/T (CLY-KITZ-060) 98/17/T (CLY-KITZ-061) 99/17/T (CLY-KITZ-062) 100/17/T (CLY-KITZ-063) 101/17/T (CLY-KITZ-064) 102/17/T (CLY-KITZ-065) 103/17/T (CLY-KITZ-066) M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Aurach Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Kitzbühel Land Kitzbühel Land Fieberbrunn Fieberbrunn Fieberbrunn Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Fieberbrunn Kitzbühel Land Aurach Aurach Kitzbühel Land Aurach Aurach Kitzbühel Land Aurach Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Aurach Kitzbühel Land RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 Aurach Aurach Aurach Aurach Aurach Aurach Aurach Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn Fieberbrunn, Aurach Aurach Aurach Aurach Aurach Aurach Aurach Aurach 16 104/17/T (CLY-KITZ-067) 105/17/T (CLY-KITZ-068) 106/17/T (CLY-KITZ-069) 107/17/T (CLY-KITZ-070) 108/17/T (CLY-KITZ-071) 109/17/T (CLY-KITZ-072) 110/17/T (CLY-KITZ-073) 111/17/T (CLY-KITZ-074) 112/17/T (CLY-KITZ-075) 113/17/T (CLY-KITZ-076) 114/17/T (CLY-KITZ-077) 115/17/T (CLY-KITZ-078) 116/17/T (CLY-KITZ-079) 117/17/T (CLY-KITZ-080) 118/17/T (CLY-KITZ-081) 119/17/T (CLY-KITZ-082) 121/17/T (CLY-KITZ-084) 122/17/T (CLY-KITZ-085) 123/17/T (CLY-KITZ-086) 124/17/T (CLY-KITZ-087) 125/17/T (CLY-KITZ-088) 126/17/T (CLY-KITZ-089) 127/17/T (CLY-KITZ-090) 128/17/T (CLY-KITZ-091) 129/17/T (CLY-KITZ-092) 130/17/T (CLY-KITZ-093) 131/17/T (CLY-KITZ-094) 132/17/T (CLY-KITZ-095) 133/17/T (CLY-KITZ-096) 135/17/T (CLY-KITZ-098) 137/17/T (CLY-KITZ-100) M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 M 31 Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land Kitzbühel Land St. Johann in Tirol Kitzbühel Land St. Johann in Tirol St. Johann in Tirol St. Johann in Tirol St. Johann in Tirol St. Johann in Tirol St. Johann in Tirol St. Johann in Tirol St. Johann in Tirol St. Johann in Tirol St. Johann in Tirol St. Johann in Tirol St. Johann in Tirol Kitzbühel Land Aurach Aurach Aurach Kitzbühel Land Fieberbrunn Kitzbühel Land Kitzbühel Land Kitzbühel Land, Fieberbrunn Kitzbühel Land Austrian Tenement Schedule – Leogang - RareX Second Priority in at leas