Quarterly Activities/Appendix 5B Cash Flow Report

**TLDR for Investors:**<br/>RareX Limited has made significant progress in their projects, including acquiring the Khaleesi Niobium Project in the East Yilgarn region and completing environmental baseline studies for the Cummins Range Rare Earths & Phosphate Project. A successful $1.5 million share placement has been completed to fund further exploration and development. The company is focused on advancing their projects towards off-take agreements and regulatory approvals. RareX also holds investments in other companies and continues to evaluate new opportunities to build shareholder value. Cash and listed investments stood at $4.6 million at the end of the quarter. The company is in a strong position to continue its operations and meet its business objectives. Investors are encouraged to engage with the company for more information and updates.<br/><br/>Feel free to ask any questions about our projects, financials, or future plans.