Announcement PDF ASX Release 23 May 2024 RareX acquires district-scale niobium project in the East Yilgarn, WA Historical drilling shows elevated niobium assays across an extensive, newly-discovered system. Completion of successful A$1.5M, internally brokered, capital raise. Engage with this announcement at the RareX investor hub. Highlights • Six tenements acquired unconditionally (one granted, five pending), totalling 966km2 over the AlbanyFraser Orogen in the Eastern Yilgarn region: o • • The new Khaleesi Project is located along strike from highly-endowed Ponton Dyke (which has returned some of Australia’s best rare earth intersections), the Cundeelee carbonatite and the world-class Tropicana Gold mine. Half of the holes were not assayed for niobium or rare earths - historical exploration focused on gold: o Data from +10,000m of shallow drilling indicates the potential for niobium-enriched carbonatite(s) on the Project, which form part of a wider alkaline intrusion system. o Evidence from the 50% of holes assayed for niobium shows broad areas of elevated niobium (up to +1,000ppm). Due diligence conducted on expansive existing data sets including geophysical assessments by independent experts Resource Potential (ResPot): o Detailed gravity and magnetics indicate the discovery of a large 20km diameter alkaline intrusive complex within the Project, with the same age profile as Mt Weld (Lynas) and the Ponton Dyke. o Project area is a favourable region for niobium-rare earth-carbonatite intrusions under little to no cover. • Rapid exploration program planned targeting areas of elevated niobium within the Project area. • Favourable acquisition terms: A$100k cash consideration, 9,816,406 ordinary shares (c. A$137k at 0.014), escrowed for 6-months, and a 2% royalty over three of the six tenements with buy-back options. • A$1.5M self-brokered raise completed with existing shareholders and Director support at parity with previous market close – no discount, no options, 62% to existing shareholders. RareX Limited (ASX: REE – RareX or the Company) is pleased to announce the acquisition of a large, districtscale, niobium-rare earth project in the East Yilgarn, 290km east-northeast of Kalgoorlie in Western Australia. The acquisition supports RareX’s goal of becoming a leading critical metals company with the future development of its 100%-owned Cummins Range, carbonatite-hosted, Rare Earths and Phosphate Project and a strong focus on continuing to discover major new carbonatite-hosted mineral deposits utilising internallyfostered expertise. For more information, please contact: Investors: James Durrant, CEO Media: Nicholas Read, Read Corporate Corporate Advisers: Wallabi Group Engage and Contribute: Investor Hub RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 P +61 (0) 8 9388 1474 P +61 (0) 407 926 869 W ree.investorhub.com/welcome P +61 (0) 8 6383 6593 E info@rarex.com.au ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx RareX CEO, James Durrant, said: “This acquisition is tremendously exciting for us. The new Khaleesi Project is well endowed with geological data from large-company programmes that were mainly gold-focused and never properly tested or evaluated the extensive niobium anomalies and rare earth potential. Through our due diligence we’ve identified the opportunity for a district-scale niobium project and will immediately commence a highly targeted exploration program.” Investor Webinar RareX invites investors to participate, by submitting questions, in an investor webinar featuring RareX CEO, James Durrant, which will be made available at 11:30am AEDT on Thursday, 30 May 2024. The investor webinar will consist of a short presentation focused on the acquisition of the Khaleesi Project, followed by a Q&A at the end of the webinar. Questions are encouraged to be submitted in advance via the RareX investor hub. RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 E info@rarex.com.au ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx Khaleesi Project The Khaleesi Project is located adjacent to the Mulga Rocks deposits - owned by Deep Yellow (Narnoo Mining) on the transition of the Yilgarn Craton to the Albany-Fraser Belt, specifically in the Northern Foreland Unit. It is located proximal to RareX’s Red Dragon project, 50km to the north. Kahleesi Project Figure 1 - Khaleesi Project location on TMI magnetics image. Geology and Prospectivity The Khaleesi Project sits on the Northern Foreland unit of the Albany Fraser Belt and is a portion of the Yilgarn Craton that was intruded by Paleoproterozoic magmatic rocks and reworked during the Mesoproterozoic Albany–Fraser Orogeny. The tenements also contain the eastern boundary of the Canning Basin with the Mulga Rocks East uranium and rare earths deposits abutting the tenement boundary. RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 E info@rarex.com.au ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx The eastern margin of the Yilgarn Craton hosts significant alkaline intrusions particularly along strike in the Queen Victoria Spring nature reserve 5km to the south. The nature reserve hosts the largest carbonatite pipe in Australia, the 10km diameter Cundeelee carbonatite, described by BHP in 1998 as the “largest, effectively untested carbonatite in the world”1 Also within the nature reserve is the strongly rare earth mineralised Ponton Dyke with intersections up to 28m at 10% TREO, including 6m at 20.57% TREO2. Although un-mineable due to the nature reserve, these deposits show the highly metaliferous nature and prospectivity of the alkaline intrusions of this area. The Tropicana Gold Mine (AngloGold Ashanti 70%, Regis Resources 30%) is located 100km to the northeast and sits along the same structural trend. Historically, Anglo Gold Ashanti, Fortescue and IGO have explored the Khaleesi Project with a narrow focus on gold-nickel-copper, and crucially completed a number of multi-element 4-Acid digest assays, including for elements niobium (Nb), yttrium (Y) and europium (Eu). These assays have confirmed large areas (many square kilometres) of elevated niobium in saprock and fresh rock up to 30 times the background values of 20ppm and over multiple locations. This suggests tremendous opportunities to discover significant niobium and rare earths mineralisation across the holding. 1 BHP Minerals Pty Ltd, 1998, Mineral Exploration Report A56942, https://wamex.dmp.wa.gov.au/Wamex/Search/Reports#. 2 Galaxy Resources ASX announcement: 11 January 2011, Galaxy Completes review of Ponton North Rare Earths Project, https://announcements.asx.com.au/asxpdf/20110111/pdf/41w3wlq3fcr0vh.pdf. RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 E info@rarex.com.au ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx Figure 2 – Geological map of the Khaleesi Project with TMI magnetics background. Alkaline Intrusive Complex Discovery Upon re-analysis of the historical drill data, coupled with detailed assessment of the geophysics, a never-beforeidentified alkaline intrusion complex has been revealed. The complex is 20km in diameter and the western half has been faulted off and is likely below the Canning Basin under the Mulga Rocks uranium-rare earth deposits. Geophysics consultants, Resource Potentials - who are credited with locating the Luni geophysics anomaly owned by WA1, which has become a significant niobium discovery in the West Arunta region of central Australia identified possible ring dyke structures on the north-eastern edge of the complex and multiple circular bodies within the complex that may represent various fractionated melts. RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 E info@rarex.com.au ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx Figure 3 – RareX has discovered a new alkaline igneous complex. In addition to the geophysical signatures, the geochemistry provides conclusive evidence of the presence of the alkaline intrusion, which has now been named the Khaleesi Alkaline Intrusion Complex. Mineral deposits that form in alkaline intrusion-related mineral systems are quite diverse, ranging from diamonds, through rare earths-phosphorous-uranium, to nickel-copper-platinum group elements and gold deposits. Importantly, these deposits contain a large number of critical commodities, including niobium, rare earths, platinum group elements, nickel, copper, scandium, flourine, phosphorus, and hafnium. Primary economic deposits of niobium are associated principally with carbonatites found in diverse types of plutonic alkaline rock complexes. RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 E info@rarex.com.au ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx Targets Two targets stand out for initial exploration; the Luchini and the Niobe targets. Figures 4 and 4 – Maximum values of Nb and Y for historical drilling on the Niobe and Luchini targets. Drill holes that were not assayed with 4-Acid digest methods are not displayed. Background ThKU radiometrics on magnetics. Green is thorium, blue is uranium and red is potassium. The Luchini target on tenement E39/2410 occurs in an area subject to detailed gold exploration including 10,000m of drilling by Anglo Gold Ashanti in 2006-2014. A portion of the assays were analysed using the 4-Acid digest method. Many of the drill holes in the southern portion of this prospect showed highly elevated niobium through the regolith and into the saprock. The anomalous niobium is coincident with a uranium anomaly identified by radiometric survey data. The Niobe target on tenement E39/2409 comprises two drill lines, approximately 2km apart, on either side of a magnetic low and coincident with a 4km x 0.5km vegetation and thorium radiometric anomaly. The drill holes were assayed with 4-Acid digest and showed elevated niobium-rare earth results in the regolith and saprock. Access and Infrastructure Access to the project is by road from Kalgoorlie to Deep Yellow’s Mulga Rocks project then on to the Khaleesi Project. A network of access tracks allows for ease of traversing the site. An access agreement is being negotiated with Deep Yellow and will include consideration for the sandhill dunnart conservation area which is obliged to provide monitoring of dunnart activity. The Project is proximate to key infrastructure including an airfield at the Deep Yellow Project (24 km to the Luchini Niobium target area) and the Eastern Goldfields Pipeline (80 km to the Luchini Niobium target area). RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 E info@rarex.com.au ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx The whole of the Khaleesi Project exists in the Upurli Upurli Nguratja exclusive Native Title determination area. Although no objection was received by the native title parties for western tenements, RareX will negotiate an exploration heritage access agreement to ensure good relations are established and fostered with the Native Title holders. Exploration Plan Indicative timeline for the exploration of the Khaleesi Project: FY24Q4 • Access agreements • Full-scale desktop data analysis • Field survey, mapping and sampling FY25Q1 • Detailed geophysics • Drill target generation • Drill program preparation - including camp preparation and permits FY25Q2 • 10,000m 2-drill program • Assays • Geological modelling Khaleesi Tenement Package Six tenements comprise the Khaleesi Project. Number E39/2410 Status Pending E39/2415 E39/2409 Pending Granted E39/2470 (E39/2496) E39/2494 Pending E39/2495 Pending RareX Limited ASX:REE ABN: 65 105 578 756 Pending RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia Targets Hosts the Luchini target with elevated niobium values assayed up to +1000ppm on uranium radiometric anomaly. Hosts the Niobe target with elevated magnetics surrounding magnetic low containing large vegetation-thorium radiometric anomaly. Hosts the Rising Dragon copper-nickel gabbro with disseminated copper-nickel sulphides Along strike extensions of the alkaline intrusion complex - P +61 (0) 8 6383 6593 E info@rarex.com.au ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx Niobium – The Super Alloying Metal Niobium, a transition metal, is often classified in the broader spectrum of rare earth metals and is present in a variety of minerals, of which pyrochlore is the primary source of niobium for commercial processing plants. Niobium-rich pyrochlore deposits are commonly found in carbonatite intrusions. Hence pyrochlore in carbonatites plays a pivotal role in supplying niobium for diverse applications, making it a critical mineral in modern technology and industry. The primary niobium product is ferroniobium (FeNb, 65% Nb), which accounted for 88% of global production in 2022. Niobium pentoxide (Nb2O5) constitutes the remaining 12% of global niobium production. Ferroniobium offers extra strength and greater resistance to heat and corrosion, hence it is primarily used in the production of high strength low alloy (HSLA) steel for applications in construction, automotive, oil and gas pipelines. Niobium pentoxide produced by further refining of ferroniobium is used in advanced technologies such as superconducting magnets, capacitors and batteries. The global niobium market is expecting a steady growth, driven by increasing demand from the steel industry and advancements in automotive sector as well as rising aerospace and battery applications. Further market growth opportunities present from renewable energy, electric vehicles, infrastructure development, electronic and consumer goods. Currently, the European Union (EU) and a further seven countries, including Australia and Canada, classify niobium on their critical minerals list due to both the importance of the metal in modern manufacturing and electronics, but also because of the supply chain concentration, currently dominated by two companies in Brazil with significant Chinese control. Key Acquisition Details RareX has entered into binding agreements with each of Beau Resources Pty Ltd and Sustainable Minerals Pty Ltd with key terms as set out below. The agreements otherwise contains terms and conditions considered customary for such transactions. The vendors are not related parties of the Company. The transactions have been funded from existing working capital and the shares will be issued under the Company’s capacity under Listing Rule 7.1. Number E39/2410 E39/2415 E39/2409 Status Pending Pending Granted Vendor Beau Resources Pty Ltd Key terms Tenement sale agreement: • A$75k cash • 4,687,500 shares subject to 6 months voluntary escrow • 2% royalty • 1% royalty buy-back for A$1m • Remaining royalty buy-back at market price E39/2470 (E39/2496) Pending Sustainable Minerals Pty Ltd Agreement for Sustainable Minerals Pty Ltd to withdraw their application E39/2470 leaving RareX’s application first in line: • A$25k cash • 5,128,906 shares subject to 6 months voluntary escrow The Company has also applied for two additional tenements, E39/2494 and E39/2595, at the Khaleesi Project. RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 E info@rarex.com.au ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx Capital Raise The Company has received firm commitments to raise A$1.5 million (before costs) in a placement to professional and sophisticated investors, both existing (61%) and new shareholders (39%). A total of 107,142,857 shares will be issued at $0.014 each (New Shares) representing zero discount to the closing price of the Company’s shares on 20 May 2024 (Placement). Directors are collectively subscribing for A$150,000 worth of the New Shares, subject to shareholder approval (Director Placement). The Placement will be undertaken in two tranches. 96,428,571 shares will be issued under the Company’s existing placement capacity under ASX Listing Rules 7.1 (28,089,914) and 7.1A (68,338,657) and are expected to commence trading on Friday, 31 May 2024. The Company will seek shareholder approval for the issue of 10,714,286 shares under the second tranche to Director (and/or their nominees) at a meeting to be convened in due course. All shares will rank equally with the Company’s existing shares on issue. Further details are set out in the Appendices 3B accompanying this announcement. Use of Funds Funds raised under the Placements are proposed to be applied towards funding exploration and development of the Khaleesi Project, the Company’s Cummins Range Project and for general working capital purposes. Post completion of the Placements the Company will have cash of approximately $2.3 million and investments of approximately $2.76 million and will be well funded to undertake its planned programs. RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 E info@rarex.com.au ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx This announcement has been authorised for release by the Board of the Company. The Company is not aware of any reason why the ASX would not allow trading in the Company’s securities to recommence immediately. Competent Person’s Statement The information in this report that related to Exploration Results is based on, and fairly reflects, information reviewed and compiled by Mr Guy Moulang. Mr Guy Moulang is a full-time employee of RareX Limited and is a Member of the Australian Institute of Geoscientists and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Guy Moulang consents to the disclosure of the information in this report in the form and context in which it appears. About RareX Limited – ASX: REE RareX is a critical minerals company specialising in rare earths and niobium in hard rock carbonatites. The exploration focus of the business is on the new Khaleesi Project in the East Yilgarn which is a district-scale, elevated-niobium, alkaline intrusive complex - a breeding ground for mineralised carbonatites. Data from Tier-1 exploration programs with elevated niobium values suggests a highly fertile system. The Company’s engineering and commercial focus is on offtake and approvals at the mid-study-level, Cummins Range Project (+$330M NPV8 post-tax*) - a carbonatite hosted rare earth and phosphate project, containing magnet grade rare earths and battery grade phosphates and technically Australia’s largest undeveloped rare earths project. RareX have been curating a portfolio of carbonatite related prospects within which the newly acquired Khaleesi Project represents the exploration flagship. RareX will continue to develop and optimise its portfolio. RareX maintains material investments in Kincora Copper (ASX:KCC), Cosmos Exploration (ASX:C1X) and Canada Rare Earth Corporation (LL.V). For further information on the Company and its projects visit www.rarex.com.au * The forecast financial information was released on 22 August 2023. The Company confirms that the material assumptions underpinning the production target and forecast financial information continue to apply and have not materially changed RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 E info@rarex.com.au W ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx Appendix 1: Drill Collar Details and Maximum Nb, Au and Y Assays Tenement Prospect Hole_ID Drill Type MGA East MGA North A number Nb ppm Au ppb Y ppm GTA214 Max Depth (m) 27 E39/2410 Luchini Air Core 601242 6686977 105660 - 4 - E39/2410 Luchini GTA215 14 Air Core 600797 6687046 105660 - 13 - E39/2410 Luchini GTA216 25 Air Core 600237 6687111 105660 - 2 - E39/2410 Luchini GTA217 42 Air Core 599753 6687265 105660 - 5 - E39/2410 Luchini GTA218 61 Air Core 600261 6685760 105660 - 3 - E39/2410 Luchini GTA219 21 Air Core 600692 6685996 105660 - 2 - E39/2410 Luchini GTA220 27 Air Core 601143 6686030 105660 - <1 - E39/2410 Luchini LCA001 26 Air Core 597594 6688107 105660 - 18 - E39/2410 Luchini LCA002 32 Air Core 597697 6688086 105660 - 18 - E39/2410 Luchini LCA003 31 Air Core 597801 6688060 105660 - 2 - E39/2410 Luchini LCA004 22 Air Core 597896 6688055 105660 - 15 - E39/2410 Luchini LCA005 21 Air Core 597995 6688031 105660 - 3 - E39/2410 Luchini LCA006 29 Air Core 598094 6688004 105660 - 3 - E39/2410 Luchini LCA007 33 Air Core 598185 6687972 105660 - 7 - E39/2410 Luchini LCA008 27 Air Core 598305 6687946 105660 - 5 - E39/2410 Luchini LCA009 20 Air Core 597730 6687616 105660 - 3 - E39/2410 Luchini LCA010 36 Air Core 597835 6687601 105660 - 9 - E39/2410 Luchini LCA011 29 Air Core 597934 6687585 105660 - 6 - E39/2410 Luchini LCA012 36 Air Core 598029 6687554 105660 - 19 - E39/2410 Luchini LCA013 43 Air Core 598126 6687531 105660 - 19 - E39/2410 Luchini LCA014 30 Air Core 598219 6687501 105660 - 7 - E39/2410 Luchini LCA015 39 Air Core 598320 6687487 105660 71.6 11282 843.4 E39/2410 Luchini LCA016 30 Air Core 597147 6687579 105660 - 8 - E39/2410 Luchini LCA017 26 Air Core 597228 6687541 105660 - 3 - E39/2410 Luchini LCA018 26 Air Core 597334 6687515 105660 - 4 - E39/2410 Luchini LCA019 28 Air Core 597432 6687497 105660 - 4 - E39/2410 Luchini LCA020 32 Air Core 597510 6687409 105660 - 23 - E39/2410 Luchini LCA021 28 Air Core 597617 6687365 105660 - 14 - E39/2410 Luchini LCA022 21 Air Core 597705 6687380 105660 - 4 - E39/2410 Luchini LCA023 29 Air Core 596887 6687308 105660 - 4 - E39/2410 Luchini LCA024 38 Air Core 596986 6687295 105660 - 4 - E39/2410 Luchini LCA025 48 Air Core 597088 6687275 105660 - 6 - E39/2410 Luchini LCA026 45 Air Core 597167 6687261 105660 3.3 410 94.3 E39/2410 Luchini LCA027 28 Air Core 597299 6687239 105660 - 9 - E39/2410 Luchini LCA028 28 Air Core 597383 6687215 105660 - 23 - E39/2410 Luchini LCA029 23 Air Core 597482 6687198 105660 - 23 - E39/2410 Luchini LCA030 45 Air Core 597576 6687181 105660 - 17 - RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 E info@rarex.com.au W ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx Tenement Prospect Hole_ID Drill Type MGA East MGA North A number Nb ppm Au ppb Y ppm LCA031 Max Depth (m) 25 E39/2410 Luchini Air Core 597676 6687165 105660 - 9 - E39/2410 E39/2410 Luchini LCA032 39 Air Core 598210 6686760 105660 - 7 - Luchini LCA033 31 Air Core 598310 6686760 105660 - 5 - E39/2410 Luchini LCA034 26 Air Core 598410 6686755 105660 - 19 - E39/2410 Luchini LCA035 35 Air Core 598510 6686755 105660 - 4 - E39/2410 Luchini LCA036 41 Air Core 598610 6686750 105660 74.4 171 106.7 E39/2410 Luchini LCA037 51 Air Core 598710 6686750 105660 - 7 - E39/2410 Luchini LCA038 55 Air Core 598810 6686750 105660 - 3 - E39/2410 Luchini LCA039 33 Air Core 598910 6686745 105660 - 4 - E39/2410 Luchini LCA040 41 Air Core 599010 6686745 105660 - 5 - E39/2410 Luchini LCA041 51 Air Core 599105 6686740 105660 - 6 - E39/2410 Luchini LCA042 51 Air Core 599205 6686740 105660 - 3 - E39/2410 Luchini LCA043 57 Air Core 599305 6686740 105660 - 11 - E39/2410 Luchini LCA044 60 Air Core 599410 6686745 105660 - 4 - E39/2410 Luchini LCA045 29 Air Core 599515 6686755 105660 - 12 - E39/2410 Luchini LCA046 30 Air Core 599615 6686755 105660 - 4 - E39/2410 Luchini LCA047 27 Air Core 599715 6686755 105660 - 15 - E39/2410 Luchini LCA048 30 Air Core 599815 6686750 105660 - 6 - E39/2410 Luchini LCA049 56 Air Core 597885 6686175 105660 - 34 - E39/2410 Luchini LCA050 45 Air Core 597985 6686175 105660 - 25 - E39/2410 Luchini LCA051 48 Air Core 598085 6686170 105660 - 10 - E39/2410 Luchini LCA052 46 Air Core 598185 6686170 105660 - 14 - E39/2410 Luchini LCA053 42 Air Core 598285 6686165 105660 - 18 - E39/2410 Luchini LCA054 43 Air Core 598385 6686165 105660 - 9 - E39/2410 Luchini LCA055 32 Air Core 598479 6686170 105660 - 22 - E39/2410 Luchini LCA056 42 Air Core 598583 6686167 105660 - 25 - E39/2410 Luchini LCA057 36 Air Core 598689 6686165 105660 - 7 - E39/2410 Luchini LCA058 48 Air Core 598789 6686159 105660 71.9 4614 33.4 E39/2410 Luchini LCA059 38 Air Core 596095 6685445 105664 - 7 - E39/2410 Luchini LCA060 54 Air Core 596295 6685425 105664 - 3 - E39/2410 Luchini LCA061 32 Air Core 596495 6685415 105660 - 4 - E39/2410 Luchini LCA062 21 Air Core 596670 6685335 105660 - 9 - E39/2410 Luchini LCA063 25 Air Core 596885 6685305 105660 - 35 - E39/2410 Luchini LCA064 46 Air Core 597055 6685300 105660 - 8 - E39/2410 Luchini LCA065 48 Air Core 597280 6685265 105660 - 10 - E39/2410 Luchini LCA066 70 Air Core 597490 6685315 105660 - 17 - E39/2410 Luchini LCA067 38 Air Core 597330 6684965 105660 - 12 - E39/2410 Luchini LCA068 55 Air Core 597530 6684965 105660 - 12 - E39/2410 Luchini LCA069 42 Air Core 597730 6684965 105660 - 92 - RareX Limited ASX:REE ABN: 65 105 578 756 RareX HQ Level 1, 338 Barker Road Subiaco WA 6008 Australia P +61 (0) 8 6383 6593 E info@rarex.com.au W ree.investorhub.com/welcome rarex.com.au RareX Limited (ASX:REE) @rarex_asx Tenement Prospect Hole_ID Drill Type MGA East MGA North A number Nb ppm Au ppb Y ppm LCA070 Max Depth (m) 48 E39/2410 Luchini Air Core 597930 6684965 105660 - 23 - E39/2410 E39/2410 Luchini LCA071 46 Air Core 598130 6684965 105660 - 16 - Luchini LCA072 24 Air Core 597550 6687380 105660 - 14 - E39/2410 Luchini LCA073 22 Air Core 597670 6687357 105660 - 4 - E39/2410 Luchini LCA074 32 Air Core 598604 6687958 105660 9.9 28 115.5 E39/2410 Luchini LCA075 42 Air Core 598304 6687759 105660 6.2 6 72.2 E39/2410 Luchini LCA076 32 Air Core 598404 6687759 105660 3.2 33 238.9 E39/2410 Luchini LCA077 29 Air Core 598504 6687759 105660 10.5 18 96.8 E39/2410 Luchini LCA078 27 Air Core 598604 6687759 105660 6 13 233.5 E39/2410 Luchini LCA079 26 Air Core 598704 6687759 105660 4.3 20 652.7 E39/2410 Luchini LCA080 25 Air Core 598804 6687759 105660 4.4 5 95.3 E39/2410 Luchini LCA081 21 Air Core 598904 6687759 105660 2.9 9 6.3 E39/2410 Luchini LCA082 36 Air Core 599004 6687759 105660 15.6 3 198.5 E39/2410 Luchini LCA083 40 Air Core 599104 6687759 105660 10.8 6 102 E39/2410 Luchini LCA084 20 Air Core 599204 6687759 105660 12.1 6 18.4 E39/2410 Luchini LCA085 37 Air Core 597799 6687660 105660 4.6 31 298.3 E39/2410 Luchini LCA086 34 Air Core 597849 6687660 105660 3.2 17 192.1 E39/2410 Luchini LCA087 32 Air Core 597900 6687660 105660 3.5 6 151 E39/2410 Luchini LCA088 30 Air Core 597950 6687660 105660 3.8 7 188.3 E39/2410 Luchini LCA089 33 Air Core 598000 6687660 105660 15.3 16 197.4 E39/2410 Luchini LCA090 52 Air Core 598050 6687660 105660 7.6 7 134.9 E39/2410 Luchini LCA091 58 Air Core 598100 6687660 105660 6.9 11 78.6 E39/2410 Luchini LCA092 34 Air Core 598150 6687660 105660 36.7 11 40.2 E39/2410 Luchini LCA093 32 Air Core 598200 6687660 105660 62.2 464 731.2 E39/2410 Luchini LCA094 44 Air Core 598100 6687560 105660 4.3 <1 324.3 E39/2410 Luchini LCA095 34 Air Core 598150 6687560 105660 6.5 18 115 E39/2410 Luchini LCA096 38 Air Core 598200 6687560 105660 5.6 315 135.5 E39/2410 Luchini LCA097 38 Air Core 598250 6687560 105660 8.6 8 185 E39/2410 Luchini LCA098 52 Air Core 598300 6687560 105660 39.9 5 64.8 E39/2410 Luchini LCA099 46 Air Core 598350 6687560 105660 14.4 10 76.4 E39/2410 Luchini LCA100 35 Air Core 598400 6687560 105660 9.6 37 147.9 E39/2410 Luchini LCA101 30 Air Core 598500 6687560 105660 10.6 30 108.9 E39/2410 Luchini LCA102 30 Air Core 598600 6687560 105660 8.5 4 112.2 E39/2410 Luchini LCA103 32 Air Core 598700 6687560 105660 32.1 13 124.5 E39/2410 Luchini LCA104 33 Air Core 598800 6687560 105660 20.8 5 46.7 E39/2410 Luchini LCA105 51 Air Core 598900 6687560 105660 26.4 13 68 E39/2410 Luchini LCA106 39 Air Core 599000 6687560 105660 22.8 14 115 E39/2410