Notification regarding unquoted securities - REE

Dear Investors,

We are pleased to announce the issue of 20,000,000 unquoted equity securities under an employee incentive scheme, known as PERFORMANCE RIGHTS, with an issue date of December 27, 2024. These securities are part of our commitment to reward and incentivize our team for their contributions to the success and growth of RareX Limited.

The securities are structured with specific milestones for vesting, including the announcement of an Ore Reserve for Cummins Range, the completion of drilling programs, and successful project acquisitions. These vesting criteria are designed to align employee interests with the long-term goals and development of the company.

Following this notification, the total unquoted securities on issue for RareX Limited now stand at 35,000,000 PERFORMANCE RIGHTS. We invite you to review the full details of this announcement and encourage any questions or clarifications you may have. Your continued support and engagement with our company are highly valued.

For further information or to access the complete announcement, please visit the ASX announcements page. Thank you for your ongoing interest in RareX Limited.

Best regards,

[Management Team]