Announcement PDF RareX Niobium & RE ASX: REE rarex.com.au Exploring Khaleesi  New, district scale Niobium project Engineering Cummins Range  Australia’s largest undeveloped RE and P project June 2024 Nb RE P 41 57-71 15 Niobium Rare Earths Phosphorus Disclaimer & Competent Persons’ Statements Investor Relations James Durrant Chief Executive Officer P: +61 8 6383 6593 E: info@rarex.com.au Investor Hub ree.investorhub.com/welcome Media Enquiries Nicholas Read Read Corporate P: +61 8 9388 1474 RareX HQ L1, 338 Barker Rd, Subiaco WA 6008 E: info@rarex.com.au This presentation contains summary information about RareX Limited (REE) and is current as of 5 June 2024 and is authorised for release by the Board. The information in this presentation is of a general background and does not purport to be complete. This presentation is not investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. The information contained in this presentation has been prepared without taking into account the objectives, financial situation or needs of individuals. Investors should obtain their own advice before making any investment decision. REE has prepared this document based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in this presentation. For further information, please contact Chief Executive Officer, James Durrant. This presentation contains certain “forward-looking statements”. Forward looking statements can generally be identified by the use of forward looking words such as, “expect”, “should”, “could”, “may”, “predict”, “plan”, “will”, “believe”, “forecast”, “estimate”, “target” and other similar expressions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. This presentation contains statements that are subject to risk factors associated with REE and the mining exploration industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially. REE disclaims any intent or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or results or otherwise. To the maximum extent permitted by law, REE, their related bodies corporate (as that term is defined in the Corporations Act 2001 (Cth)) and the officers, directors, employees, advisers and agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising from the use of the presentation or its contents or otherwise arising in connection with it. Competent Person’s Statement - Geology: The information in this presentation relating to the Mineral Resource Estimate for the Cummins Range Rare Earths Project is extracted from the Company’s ASX announcement dated 25 January 2024 which was reported in accordance with Listing Rule 5.8. REE confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the Mineral Resource Estimate continue to apply. The Company confirms there have been no material changes to exploration results since first reported in accordance with Listing Rule 5.8. Competent Person’s Statement – Metallurgy: The information in this presentation relating to metallurgy was first reported in accordance with Listing Rule 5.7 on 11 July 2023. REE confirms that it is not aware of any new information or data that materially affects the information included in the original announcement. Competent Person’s Statement – Production Target and Forecast Financial Information: The information in this presentation relating to production targets and forecast financial information (FFI) was first reported on 22 August 2023. REE confirms that the material assumptions underpinning the production target and FFI continue to apply and have not materially changed. The production target is based on a portion of inferred resource. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realized. Global Resource (JORC 2012) – Cummins Range 2.5% P2O5 Grade Cut Tonnes Mt TREO ppm P2O5 % NdPr ppm Nb2O5 ppm HREO ppm Indicated 77.4 4,650 6.7 1,020 780 280 Inferred 446.9 2,860 4.2 620 550 170 Total 524.3 3,120 4.6 670 580 190 Exploring and Engineering Carbonatites Exploring for Nb at Khaleesi whilst engineering Cummins Range and curating a value-add pipeline 1 New Khaleesi Project: Exploration  1000km2 Niobium-RE project in the East Yilgarn of WA  RareX have already discovered a 20km diameter intrusive complex  Drilling planned in the short-term to prove up Niobium potential 2 Cummins Range Project: Engineering  Robust scoping study with de-risked supply chain to port – NPV8: AU$ 333Mpost tax  P and RE offtake focus within Australia and Asia Pacific  Australia’s largest undeveloped, carbonatitehosted RE project, with P 3 Projects Pipeline  Goldray Niobium - Canada Niobium carbonatites Red Dragon RE - East Yilgarn IOCG or deep carbonatite Mt. Mansbridge HRE - near Brown’s Range Killy Killy Formation Maude Creek HRE - Kimberley Kimberlite pipe Saudi Arabia - new frontier opportunities Aiming to secure carbonatites Corporate Snapshot Capital Structure ASX Code Share Price (31 May 2024) Shares on Issue Market Capitalisation (31 May 2024) REE A$0.016 790M A$12.6M Cash (March Qtr) Investments (31 May 2024)2 A$1.6M + A$1.5M1 A$3.7M ~39% c.5,200 Simon Lee AO (c.5.5%) Jeremy Robinson (c.4.2%) Director: Non-Executive Director: Non-Executive Director: Non-Executive Director: Non-Executive Company Secretary Notes: 1 - A$1.5M placement announced 23 May 2024 2 - Kincora Copper: 45M shares plus project royalty Cosmos Exploration Limited: 10M shares Canada Rare Earths Corp: 25M shares NdPr Oxide Pricing Asian Metals, EXW China (USD/kg) 140 Adamas 2027 Price Forecast U$120/kg 0.07 120 0.06 100 Key people Chairman: Non-Executive Chief Executive Officer Share Price Information ASX: REE (AUD/share) 0.08 Shareholders Top 50 Shareholders Number of Shareholders Major Shareholders  Strongly supported $1.5M self-brokered placement. No Options, no fees, no discount1  62% of funds from existing shareholders  Well-funded for exploration program through cash and investments Jeremy Robinson James Durrant Cameron Henry Danny Goeman John Young Shaun Hardcastle Oonagh Malone 0.05 31 May 2024 U$51.7/kg 0.04 80 60 0.03 40 0.02 0.01 Jan 2023 31 May 2024 Prev Close: 0.016 May 2023 Sep 2023 Jan 2024 May 2024 20 Vision and Journey of RareX Driven by a fundamental belief in the electronics revolution RareX Foundation ’18 Built on the fundamental belief in rare earths and their contribution to the global megatrend of electrification ’19 Acquisition Cummins Range Known carbonatite acquired because of its Rare Earth and Niobium potential Notes: See list of soucres Mineral ’21-’22 Resource growth Exploring for ’23 Carbonatites Australia’s largest undeveloped Rare Earth deposit, with battery grade Phosphate and appreciable Niobium:  1.6 million tonnes Rare Earths (NdPr dominant)  24 million tonnes Phosphate (for batteries) Portfolio growth using internal team to discover mineralised carbonatites Engineering Studies ’23  Scoping studies complete  AU$333M NPV, 27% IRR  Geology team freed up for business development Nb carbonatite discovery a focus:  Carbonatite expertise within the geological team  Nb-RE expertise within engineering and metallurgy team  Similarities with Rare Earths Niobium, found in pyrochlore, often alongside RE bearing monazite in carbonatites, is a critical metal and used in steel making, advanced alloys and superconductors Acquisition Khaleesi ’24 District scale Niobium  Large scale discovery  Tier 1 data  Carbonatite hunting ground Near-term Goals   Discovery at Khaleesi Offtake at Cummins Range Khaleesi 1 Project Exploration Carbonatite district One of the best Nb-RE districts in Australia  Adjacent to Mulga Rocks polymetallic U-RE deposit  45km along trend from highest grade RE intersection in Australia  Near-by, and in same age rocks, as Mt Weld (Lynas) 2 Tier-1 exploration data Treasure trove of data from prior programmes  Gold focussed soils and shallow air core  Geophysical anomalies consistent with carbonatites  Multiple targets emerging Nb RE Au Cu 41 Niobium 57-71 Rare Earths 79 29 Gold Copper 3 Large scale Nb project Nb-RE carbonatite fertile district  20km diameter intrusion complex discovered  Elevated Niobium and Rare Earths  Niobium enrichment mechanics identified (up to 1000ppm Nb) Khaleesi Nb-RE Newly acquired on attractive, low-cash terms Carbonatite district deposits nearby Along strike from large but stranded carbonatites  Ponton Dyke1, highest grade in Aus  Cundeelee2, largest pipe in Aus  Both stuck under QVS Nature Reserve Adjacent to large polymetallic U-RE deposit at Mulga Rocks  105M lb Uranium  Additional metals: Ni, Co, Cu, Zn, REE  Sedimentary basin hosted deposit – where did the metals come from? Along strike from Tropicana Gold  Mine (100km NE)  7-million-ounce gold deposit  Gas pipeline Tier-1 exploration data >10,000m of Gold-CupperNickel focussed AC drill data  Drilling only targeting Au-Cu-Ni anomalies  Nb-RE not assayed in most holes  Background Nb significantly elevated with clear signs of enrichment mechanics up to over 1000ppm Excellent geophysical data  IGO, FMG, AngloGoldAshanti sourced  Significant advantage for targeting (c. $1m spent)  Positive mineralisation signatures  Deep faulting  Multiple circular structures  Carbonatite geophysical signatures 1- Ponton Dyke, significant intercepts: 16m @ 14.48% TREO, 28m @ 10.50% TREO including 6m @ 20.57% TREO, 26m @ 6.99% TREO (including 8m @ 13.12% TREO. 2- Cundeelee, displays a highly magnetic outer zone surrounding an inner zone of lower magnetism, similar to other Australian and global carbonatite complexes such as Mt Weld. Follow up exploration at Cundeelee is precluded due to location within the Queen Victoria Springs Nature Reserve. New Discovery by RareX: Alkaline Intrusive Complex 20km diameter intrusive complex identified  Correct geochemical signatures  Coincident geophysical structures  Right age of event - same at Mt Weld and Ponton Alkaline complexes a breeding ground for Nb-RE mineralisation  Mountain Pass Rare-Earth mine in USA  Niobec Niobium mine in Canada  Likely a similar complex to that hosting the Luni deposit in the West Arunta1 Note: RareX analysis of publicly available information Next steps of rapid, targeted exploration: FY24Q4  Access agreements  Full-scale desktop data analysis  Field survey, mapping and sampling FY25Q1  Detailed infill geophysics  Drill target generation  Drill program preparation including camp preparation and drill permits FY25Q2  Drill program  Assays  Geological modelling The Khaleesi Complex Cummins 1 Range Project 2 Engineering 57-71 15 Rare Earths Phosphorus RE P Source: 1: ASX Announcement 25 Jan 2024, https://investors.rarex.com.au/announcements/6173995. 2. Refer to List Of Sources For Production Forecasts and Grade, Economics And Radionuclides Australia’s largest Largest undeveloped RE project1  1.6M tonnes of magnet rare earths  24M tonnes battery grade phosphates  Expansion potential through near mine anomalies Validation step underway Mid-feasibility study with a focus on offtake  Offtake focus for project validation and study inputs  Approval pre-requisites complete  Supply chain de-risked 3 Favourable among peers Benefits of a simple value chain2  Largest LOM production forecasts  Lowest cost development for highest output  Very low in U and Th in the resource Australia’s Largest Undeveloped RE Project… …in a Potential Carbonatite Swarm  Outcropping HG resource  44Mt at 1% TREO  Within total of 524.3Mt @ 4.6% P2O5, 0.31% TREO  1.6M tonnes contained TREO; 24M tonnes contained phosphate  Significant upside in grade and scale from nearby anomalies  Scale with grade drives project value growth Cummins Range High Grade Resource vs. Peers BFS 500 $439M Tonnes, Mt Tonnes Contained, Mt 70 Market Cap, AUD M (04.06.2024) 60 BFS 50 PFS 300 Exploration $176M $213M BFS 250 200 150 20 $60M 10 0 400 350 40 30 450 $11M Dubbo 0.9% TREO Nolans Bore 2.6% TREO Cummins Range 1.0% TREO Sources: See slide: List Of Sources For Grade And Resource Graphs Yin & C3 1.0% TREO $39M Yangibana 0.9% TREO BFS 100 50 Browns Range 0.8% TREO 0 Market Cap, AUD M 80 Cummins Range Snapshot  Bulk Loading Facility access  4Ha industrial land option Wyndham Port Kununurra  Bulk Haulage Agreement  Volume driven JV option Ord River Hydro Plant Next steps Scoping Study1 forms the basis 1. Metallurgy in collaboration with offtake NPV8 post-tax: IRR post-tax: Total Capex: EBITDA: AU$ 333M 27% AU$ 350M AU$ 1.5B Offtake to drive a re-rate  Positive metallurgical results2  Product samples being made Mineral Corridor 535km Supply chain de-risks development Halls Creek  Tanami Road being sealed  Seeking Gov support to link RareX Project Cummins Range Positive project momentum Source: 1: ASX Announcement 22 Aug 2023, https://investors.rarex.com.au/announcements/4396391. 2: ASX Announcements 28 Nov 2023, 18 Oct 2023, 29 Aug 2023, 11 Jul 2023,11 Oct 2022 and 04 Oct 2023, https://investors.rarex.com.au/announcements. 3: ASX Announcements 10 Jan 2024, 08 Nov 2023 and 13 Apr 2023, https://investors.rarex.com.au/announcements.  Existing minerals corridor  Access to bulk loading3 Surveys initiate approvals  Baselines complete with no significant environmental hurdles  TO agreement well developed with positive alignment  Product samples being made  Down stream parties under NDA 2. Secure strategic offtake partner  3rd party product testing leads to offtake deal  Offtake deal validates project 3. Feasibility engineering  Significant work completed in house  Supply-chains 3rd parties provide cost certainty Cummins Range Comparisons Total LOM Production Forecasts  Efficiency of capex deployment2 - AU$ 350M capex 12 ktpa TREO and 169 ktpa of P2O51 One of the lowest radionuclide deposits  Mineral concentrate well below DG limit, safer operation and product transport. Total Forecast Production, Mt 32 Low capital intensity 2.9% 31.7 2.1% 20.9 16 8 0 0.9% 0.7% 0.9% 0.7% 3.3 Cummins Range Nolans Bore Yangibana Tonnage, Mt U, ppm 2,100 Th, ppm 1,800 Dubbo Browns Range 0.7% 0.0% TREO Grade, % Annual TREO Output vs. Development CAPEX 1,500 16 1.50 1,200 659 180 Nolans Bore 25 Mt Weld 527 254 Yangibana 120 375 Dubbo 48 28 Cummins Range 30 24 Browns Range TREO Output, ktpa 1.14B 900 0 1.4% 1.20 0.90 8 0.60 0.42B 4 0 Note: 1: ASX 22 August 2023: inventory estimated based on 2023 scoping study, further evaluation work and appropriate studies are required for RareX to estimate any Ore Reserves or to provide any assurance of an economic development case. 2: Cummins Range is projected to deliver a mineral concentrate. Peer group have various value chain positions. Sources: See slide: List Of Sources For Production Forecasts and Grade, Economics And Radionuclides 1.08B 12 0.29B 0.22B Cummins Range 0.30 Yangibana Nolans Bore Dubbo “simpler, faster, staged” TREO Output, ktpa CAPEX, USD Billion Browns Range 0.00 CAPEX, USD 2,400 300 18.9 2,700 2,700 600 2.8% 29.5 24 Radionuclides Comparison Radionuclide Level, ppm 3.5% 40  Scoping study modelled 31.7Mt @ 0.7% TREO from Cummins Range1 TREO Grade, % Forecast production comparable with peers Niobium Market Critical metal Concentrated supply Niobium market growth projected at 9.92% CAGR [2024 - 2029]2 Niobium price set to further increase with increasing demand     Ferroniobium Sale Outlook to 203211 250,000 Steel and super-alloys Niobium is a hot market  Need for niobium follows steel (~75%) and super-alloys productions (~25%)1  Niobium offers better strength, greater heat and wear resistance  Accelerating demand for structural steel & lighter-weight vehicles  WA1 Resources - 500% share price growth over 1 year3  Encounter Resources - 60% share price growth after Nb drilling and mineralisation announcements from Jun 20234,5  Summit Minerals - 50% share price increase for Nb, REE and Li projects acquisition6,7  Rincon Resources - 170% share price increase in 1 month post REE & Nb mineral target announcement8,9 Consumer electronics 200,000  Semi-conductor electronics  Super-conducting magnets 150,000 Batteries  Improved battery performance 100,000 Supply chain concentration 50,000 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 ~90% produced in Brazil1 Production dominated by CBMM, CMOC and Niobec Strategic significance  US depends entirely on Nb imports requiring critical mineral strategy10  US and China competition over hypersonic technology emerges Nb strategic significance10 Current Price12  US $45.5/kgFeNb, 66% Rotterdam  US $53.1/kg Nb Pentoxide, 99.5% FOB China World FeNb Sale (t Nb) Sources: 8: https://www.asx.com.au/markets/company/RCR. 9: https://www.investi.com.au/api/announcements/rcr/2ae5c21c-b4e.pdf. 10: https://www.csis.org/analysis/hypersonic-hegemony-niobium-and-western-hemispheres-role-us-china-power-struggle. 11: https://niobaymetals.com/wp-content/uploads/2023/05/James-Bay_Presentation-Ont-Gov-March-2023-1.pdf. 12: https://www.asianmetal.com/price/initPriceListEn.am?pId=14&priceShowAttr=1&paramId=488&isProduct=true. Sources: 1: https://metallic.media/how-wa1-resources-rare-niobium-discovery-could-help-elons-mission-to-mars/. 2: https://www.mordorintelligence.com/industry-reports/niobium-market. 3: https://www.fool.com.au/2024/05/06/up-over-100-last-week-down-30-today-whats-going-on-with-this-asx-mining-stock/. 4: https://www.asx.com.au/markets/company/enr. 5: https://www.encounterresources.com.au/investors/. 6: https://www.asx.com.au/markets/company/sum. 7: https://summitminerals.com.au/investor-centre/#asx-announcement. Rare Earths Market Clean energy revolution  EVs and wind turbines  EU Net zero ambition by 2050 – $3.8T investment by 20501  US net zero ambition by 2050 $30T investment by 20502 Consumer electronics  Power tools and consumer goods  Communication devices  Growing technology penetration Rare Earths in Defence  Growing use in defence applications: subs, planes, UAVs8  9% growth in defence spending to a record $2.2T in 20237  Strategic, secure supply required Supply chain concentration ~85% flows through China5 Advanced RE projects attract big money  Australia: A$1.25b to ILU9, A$533m to ARU10, A$22m to RE research projects11, A$220m to HAS12  Gina Rinehart: 10% ARU stake13  Andrew Forrest: A$150m to HAS14 Sovereign supply chains key  Governments mandating sovereign supply  Critical Mineral incentives across the developed world  Australian , Canadian, US strategic alliances key to the decarbonization of supply chain3 Price recovery:  Current: US c.$55/kg NdPr Oxide  2027: US $120/kg NdPr Oxide (Adamas)  Increase: 2x price multiple Sources: 1: https://www.weforum.org/agenda/2022/04/bnef-european-energy-transition-2022/. 2: https://about.bnef.com/blog/report-shows-that-inflation-reduction-act-alone-wont-set-united-states-on-track-for-netzero/#:~:text=To%20get%20on%20track%20for,rapidly%20cut%20down%20on%20emissions. 3: https://www.globalaustralia.gov.au/industries/net-zero/critical-minerals. 5: https://www.forbes.com/sites/miltonezrati/2023/12/11/how-much-control-does-china-have-over-rare-earthelements/?sh=6c04f4d15b21. 6: Project Blue Energy Transition Outlook to 2025, November 2023. Demand growth  2 x growth by 2035  3 x growth by 2050 NdPr Demand Outlook6 to 2025 200,000 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 2010 2015 2020 2023 2025 2030 2035 2040 NdPr Demand [tpa] Sources: 7: https://english.elpais.com/international/2024-02-19/an-insecure-world-launches-into-rearmament-with-a-9-military-spending-boom-in-2023.html. 8: https://www.defense.gov/News. 9: https://www.industry.gov.au/news/strategically-significant-government-loan-enables-development-australias-first-fully-integrated-rare-earths-refinery. 10: https://wcsecure.weblink.com.au/pdf/ARU/02784883.pdf 11: https://www.industry.gov.au/news/critical-minerals-and-rare-earths-research-projects-receive-22-million. 12: https://www.naif.gov.au/our-projects/hastings-yangibana-rare-earths-project/. 13: https://www.abc.net.au/news/2024-03-14/arafura-nt-rare-earth-minerals-mine-to-get-840m-taxpayer-funding/103585468. 14: https://www.afr.com/companies/mining/forrest-pumps-150m-into-rare-earths-aspirant-20220826-p5bcx8. 2045 2050 Investor Milestones 2024 Exploration at Khaleesi. Engineering at Cummins Range Khaleesi Nb-RE Cummins Range RE-P Project pipeline Carbonatites Preparing for targeted largescale drill programme Focussing on offtake as catalyst to final definition and development Maximising portfolio value and opportunities Q4 – FY24  Drill programme funded Priority:  Product samples  Offtake Q1 – FY25  Field mapping and sampling  Infill geophysics  Drill targets  Exploration camp preparation In parallel:  Mining Heritage agreement  Approval submission Q2 - FY25  Drilling  Assays Triggering:  Feasibility  Approvals Notes Some milestones dependent upon prior milestones Goldray (Nb-RE carbonatites)  Aerial geophysics Red Dragon (carbonatite / IOCG)  Exploration planning for farm-in Mt. Mansbridge (Heavy RE)  Exploration planning for farm-in Saudi project acquisition  Low-risk, low-cost opportunity Maude Creek (Heavy RE)  Tenement granting Board of Directors Jeremy Robinson – Non-Executive Chairman John Young – Non-Executive Director Danny Goeman – Non-Executive Director Shaun Hardcastle – Non-Executive Director Cameron Henry – Non-Executive Director Company Secretary Oonagh Malone Chief Executive Officer James Durrant RareX HQ L1, 338 Barker Rd, Subiaco WA 6008 ABN 65 105 578 756 T: (08) 6383 6593 E: info@rarex.com.au Follow us Investor Hub: LinkedIn: X Twitter: https://investors.rarex.com.au/welcome https://www.linkedin.com/company/rarex-limited https://twitter.com/rarex_asx rarex.com.au ASX: REE Thank you References List Of Sources For Grade And Resource Graphs Resource Source of data Source of data Source of data Source of data Measured Resource, Mt 0 https://investors.rarex.com.au/announcements/6173995 5 https://wcsecure.weblink.com.au/pdf/ARU/02651944.pdf 43 https://asm-au.com/dubbo-project/resources-and-reserves/ 0 https://investors.rarex.com.au/announcements/6173995 Indicated Resource, Mt 77.4 https://investors.rarex.com.au/announcements/6173995 30 https://wcsecure.weblink.com.au/pdf/ARU/02651944.pdf 0 https://asm-au.com/dubbo-project/resources-and-reserves/ 11.5 https://investors.rarex.com.au/announcements/6173995 Inferred Resource, Mt 446.9 https://investors.rarex.com.au/announcements/6173995 21 https://wcsecure.weblink.com.au/pdf/ARU/02651944.pdf 32 https://asm-au.com/dubbo-project/resources-and-reserves/ 32.8 https://investors.rarex.com.au/announcements/6173995 Measured TREO Grade, % 0.00% https://investors.rarex.com.au/announcements/6173995 3.20% https://wcsecure.weblink.com.au/pdf/ARU/02651944.pdf 0.88% https://asm-au.com/dubbo-project/resources-and-reserves/ 0.00% https://investors.rarex.com.au/announcements/6173995 Indicated TREO Grade, % 0.47% https://investors.rarex.com.au/announcements/6173995 2.70% https://wcsecure.weblink.com.au/pdf/ARU/02651944.pdf 0.00% https://asm-au.com/dubbo-project/resources-and-reserves/ 1.35% https://investors.rarex.com.au/announcements/6173995 Inferred TREO Grade, % 0.29% https://investors.rarex.com.au/announcements/6173995 2.30% https://wcsecure.weblink.com.au/pdf/ARU/02651944.pdf 0.88% https://asm-au.com/dubbo-project/resources-and-reserves/ 0.91% https://investors.rarex.com.au/announcements/6173995 Measured TREO Contained, Mt 0.00 Calculation 0.16 Calculation 0.38 Calculation 0.00 Calculation Indicated TREO Contained, Mt 0.36 Calculation 0.81 Calculation 0.00 Calculation 0.16 Calculation Inferred TREO Contained, Mt 1.28 Calculation 0.48 Calculation 0.28 Calculation 0.30 Calculation Market Capitalisation, AUD Billion (04.06.2024) 0.011 https://www2.asx.com.au/markets/company/ree 0.439 https://www2.asx.com.au/markets/company/aru 0.176 https://www2.asx.com.au/markets/company/asm 0.011 https://www2.asx.com.au/markets/company/ree Resource Source of data Source of data Source of data Measured Resource, Mt 4.97 https://www.investi.com.au/api/announcements/ha 5.17 s/befee282-f7d.pdf https://webservices.weblink.com.au/article.aspx?articleID=n 0.14 KKbPP9PtUXO6BDF6bSJiUk/yZN1iwVqxc19p9XAPJU= https://wcsecure.weblink.com.au/pdf/NTU/02649250.pdf Indicated Resource, Mt 20 https://www.investi.com.au/api/announcements/ha 21.13 s/befee282-f7d.pdf https://webservices.weblink.com.au/article.aspx?articleID=n 5 KKbPP9PtUXO6BDF6bSJiUk/yZN1iwVqxc19p9XAPJU= https://wcsecure.weblink.com.au/pdf/NTU/02649250.pdf Inferred Resource, Mt 5 https://www.investi.com.au/api/announcements/ha 14.52 s/befee282-f7d.pdf https://webservices.weblink.com.au/article.aspx?articleID=n 6 KKbPP9PtUXO6BDF6bSJiUk/yZN1iwVqxc19p9XAPJU= https://wcsecure.weblink.com.au/pdf/NTU/02649250.pdf Measured TREO Grade, % 0.96% https://www.investi.com.au/api/announcements/ha 1.34% s/befee282-f7d.pdf https://webservices.weblink.com.au/article.aspx?articleID=n 0.70% KKbPP9PtUXO6BDF6bSJiUk/yZN1iwVqxc19p9XAPJU= https://wcsecure.weblink.com.au/pdf/NTU/02649250.pdf Indicated TREO Grade, % 0.88% https://www.investi.com.au/api/announcements/ha 1.02% s/befee282-f7d.pdf https://webservices.weblink.com.au/article.aspx?articleID=n 0.78% KKbPP9PtUXO6BDF6bSJiUk/yZN1iwVqxc19p9XAPJU= https://wcsecure.weblink.com.au/pdf/NTU/02649250.pdf Inferred TREO Grade, % 1.05% https://www.investi.com.au/api/announcements/ha 0.94% s/befee282-f7d.pdf https://webservices.weblink.com.au/article.aspx?articleID=n 0.73% KKbPP9PtUXO6BDF6bSJiUk/yZN1iwVqxc19p9XAPJU= https://wcsecure.weblink.com.au/pdf/NTU/02649250.pdf Measured TREO Contained, Mt 0.05 Calculation 0.07 Calculation 0.00 Calculation Indicated TREO Contained, Mt 0.17 Calculation 0.22 Calculation 0.04 Calculation Inferred TREO Contained, Mt 0.06 Calculation 0.14 Calculation 0.04 Calculation Market Capitalisation, AUD Billion (04.06.2024) 0.039 https://www2.asx.com.au/markets/company/has 0.060 https://www2.asx.com.au/markets/company/dre 0.213 https://www2.asx.com.au/markets/company/ntu List Of Sources For Production Forecasts And Grade, Economics And Radionuclides Parameter Source of data Source of data Source of data Total LOM Production Forecast Tonnage, Mt 31.7 https://investors.rarex.com.au/announcements/4396391 29.5 https://wcsecure.weblink.com.au/pdf/ARU/02712231.pdf 20.9 TREO Grade, % 0.7% https://investors.rarex.com.au/announcements/4396391 2.9% https://wcsecure.weblink.com.au/pdf/ARU/02712231.pdf 0.9% TREO Output, ktpa 11.5 https://investors.rarex.com.au/announcements/4396391 4.9 https://wcsecure.weblink.com.au/pdf/ARU/02597137.pdf 8.1 CAPEX, USD Billion 0.22 https://investors.rarex.com.au/announcements/4396391 1.14 https://wcsecure.weblink.com.au/pdf/ARU/02597137.pdf 0.42 U, ppm 48 https://investors.rarex.com.au/announcements/6173995 180 Th, ppm 28 https://investors.rarex.com.au/announcements/6173995 2,700 https://www.investi.com.au/api/announcements/has/befee282f7d.pdf https://www.investi.com.au/api/announcements/has/befee282f7d.pdf Project Economies https://www.investi.com.au/api/announcements/has/befee282f7d.pdf https://www.investi.com.au/api/announcements/has/befee282f7d.pdf Radionuclides Parameter Source of data https://www.arultd.com/wpcontent/uploads/2022/11/202211_Fact_Sheet_-_RADIATIONOptimised.pdf https://www.arultd.com/wpcontent/uploads/2022/11/202211_Fact_Sheet_-_RADIATIONOptimised.pdf 254 https://www.investi.com.au/api/announcements/has/cd45de38d0f.pdf 527 https://www.investi.com.au/api/announcements/has/cd45de38d0f.pdf Source of data Source of data Total LOM Production Forecast Tonnage, Mt 18.9 https://asm-au.com/dubbo-project/resources-and-reserves/ 3.3 https://northernminerals.com.au/browns-range/resource-andexploration/#:~:text=Northern%20Minerals%20has%20100%25%20own ership,held%20100%25%20by%20Northern%20Minerals. - - TREO Grade, % 0.9% https://asm-au.com/dubbo-project/resources-and-reserves/ 0.7% https://northernminerals.com.au/browns-range/resour