Announcement PDF ASX / MEDIA ANNOUNCEMENT 30 April 2021 March 2021 Quarterly Activities Report HIGHLIGHTS • • New geological model for the Cummins Range Rare Earths Project highlights the potential for high-grade depth extensions with the Main Fault structure open in all directions:  +6,000m of Reverse Circulation and diamond drilling set to begin in May 2021  Good potential for high-grade parallel structures also identified  Work continuing on upgrade to the existing Inferred Resource of 13Mt at 1.13% TREO with 22.1% NdPr 1, with an updated Mineral Resource expected to be released in this quarter 2021 Two rigs operational at the brownfield Trundle Copper-Gold Project in JV with Kincora Copper:  Skarn copper and gold mineralization at the Trundle Park prospect extended north and south to over 500m of strike and remains open  • Vectors identified for the targeted causative intrusion porphyry source RareX well-funded to execute its growth strategy with $9.3 million in cash and listed securities at quarter-end Cummins Range Rare Earths Project RareX Limited (ASX: REE; RareX or the Company) announced the planned commencement of a major new exploration drilling program at its flagship 100%-owned Cummins Range Rare Earths Project, located in the Kimberley region of Western Australia following the completion of the wet season in May (ASX: 6 April 2021). The new phase of exploration, comprising more than 6,000m of Reverse Circulation (RC) and diamond drilling, follows the highly successful drill program completed in 2020 and a thorough geological review of the Cummins Range deposit undertaken by RareX geologists over the wet season. The 2021 drilling campaign will be split into two programs – Mining Study Work and Mineral Exploration. All drill contractors are locked in and mobilisation of the camp has begun from Perth pending station tracks becoming useable. See ASX announcements 15 October 2019 entitled “Globally significant maiden JORC 2012 Resource of 13 million tonnes at 1.13% TREO” and 26 May 2020 “High Neodymium-Praseodymium enrichment confirmed at Cummins Range Rare Earths Project” 1 RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 1 Drilling is now scheduled to commence in May following some delays due to the unusually long northern wet season and some recent manpower shortages experienced by the drilling contractor – an industry-wide issue. Key components of the upcoming program are summarised below: 1. Mineral Exploration drill program 1.1 2,000-3,000m of HQ/NQ2 diamond drilling to test for down-dip extensions to the Main Fault (MF). 10 drill holes ranging from 150m to 400m deep as shown on Figure 1 and Figure 3. 1.2 2,000-3,000m of RC will be used to test for extensions to the MF to the north-west and south- east and above 280mRL. Other structures as described above will also be tested with the RC drilling. 2. Mining study work 2.1 Three PQ diamond drill holes will be drilled into high-grade ore to obtain geotechnical information for pit designs, SG data and further metallurgical samples. 2.2 Six water monitoring bores will be drilled to assess ground water movement and impacts on local and regional environments, in line with pre-mining requirements. A revised geological model has recently been established, based largely on the 58 RC drill holes completed in August-October 2020, leading to the identification of significant new high-grade exploration targets. The new interpretation has established that, while there is general erosion of the entire carbonatite pipe leading to an upgrade in the regolith profile, there are also pre-existing highgrade fault structures that represent high-priority exploration targets with the potential to substantially change the scale of the Cummins Range Project. Deeper RC drilling completed as part of the 2020 drill program has identified for the first time the presence of a strongly rare earth element (REE) mineralised fault that sits beneath the length of the known mineralisation at the Cummins Range deposit. The RareX geological team has identified a mineralised fault that has been intersected over 550m of strike length and is open in all directions. The Main Fault strikes in a north-westerly direction of 230 degrees and dips to the south-west at 50-60 degrees as shown in Figure 1. Identifying the fault in the upper 70m can very difficult due to the strong weathering profile, which is most likely the reason for it not being recognised previously. RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 2 Figure 1. Total Magnetic Image of Cummins Range Pipe with Main Fault position and planned 2021 diamond drilling At depth, where weathering has decreased, the fault is characterised by strong wall rock silicification with quartz veining and the fault itself is a silicified sulphidic milled breccia and is 520m in true width. High-grade REE mineralisation is consistently greater than 1% TREO. In addition to the MF mineralisation, the 2020 drilling has shown that a significant proportion of the grade is also related to dispersion in the regolith as shown in Figure 2. Grade within the dispersion or enriched areas is often moderate to high grade: for example, in Figure 2, the upper 20m of the significant intercept in hole CRX0035 is an enriched zone that sits beneath a 40m deep REE and Nb2O5 depleted zone. This enriched zone contains 20m at 4.5% TREO and 0.6% Nb2O5, including 6m @ 9.4% TREO and 1.5% Nb2O5 (see ASX: 17 November 2020). Dispersion and enrichment are seen in the regolith profile along the entire strike of the known mineralised system and will be an exploration target for this year’s RC drill program. RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 3 Figure 2. Cross-section 307365E showing geological interpretation, oblique view of Main Fault, true thickness is approximately 40% of drilled metres. The surface expression of the MF can be seen in Figure 1. At 307300E, the MF has been displaced by an interpreted north-south trending fault. At this position, the MF is displaced by 100m and is showing sinistral displacement. Mineralised intervals associated with the MF are shown in the vertical longitudinal projection (VLP) in Figure 3. The red dots are the MF on the western side of the displacement fault and the blue dots are the MF on the eastern side of the displacement fault. Also shown on the VLP are the 10 diamond drill holes that will be drilled in coming months. These holes are designed to target the down-dip extension of the MF, which has proven to be fertile in all MF intersections to date. RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 4 Figure 3. Vertical Longitudinal Projection showing centre points of Main Fault and associated TREO mineralisation The MF strike of 230 degrees is parallel to the north-eastern and south-western walls of the Cummins Range carbonatite pipe, as seen in the magnetics in Figure 1. This structural orientation is likely to be repeated throughout the pipe from a micro to a macro scale. A parallel candidate to the south-west of the MF has been identified from the magnetics and is shown in Figure 1. This location has not been tested from an appropriate angle and a historical drill hole KRC167 finishing in REE and Nb2O5 mineralisation with assays up to 3.2% TREO and 0.67% Nb2O5 (ASX: 15 October 2019). This target will be tested with RC drilling as part of the 2021 program. Work is also progressing on the Mineral Resource upgrade and metallurgical testwork, with the updated Resource anticipated to be published this quarter and results from the initial phase of the metallurgy shortly after that. NSW COPPER-GOLD PROJECTS The Trundle Gold-Copper Project Joint Venture Project, located in the Macquarie Arc of the Lachlan Fold Belt in NSW, Australia, is a 65%/35% joint venture between RareX and Kincora Copper Ltd (Kincora) (TSXV: KCC). RareX subscribed for a further 3,500,000 shares at A$0.20 per share as part of Kincora’s A$10 million capital raising and Initial Public Offering (IPO) of 50 million Chess Depository Units (CDIs) on the ASX. RareX holds approximately 7% (8,483,333 shares) of Kincora’s issued capital while also retaining a 35% free-carry in multiple projects operated by Kincora including the flagship Trundle Project in NSW. The primary use of the IPO funds is to accelerate ongoing drilling and exploration activities at the key Trundle Park and Mordialloc targets at Trundle Project, while also advancing other Trundle RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 5 Project areas that have complementary but insufficiently tested geochemistry and geophysical targets with the objective of expanding recently discovered near-surface copper-gold skarn mineralisation and discovering large-scale underlying copper-gold porphyry systems. Trundle Park Prospect On 21 January 2021, Kincora advised that assay results from nearer surface intervals for TRDD011 (to 102m of 332m) and TRDD012 (to 202m of 581m) had been received with highlights including: • TRDD011: 74m @ 0.40% copper and 0.37 g/t gold from surface including: - 42m @ 0.64% copper and 0.58 g/t gold from 32m including: - 14m @ 1.69% copper and 1.39 g/t gold from 58m including: - 4m @ 4.98% copper and 3.36 g/t gold from 68m • TRDD012: 29m @ 0.10% copper and 0.18 g/t gold from 191m including: - 2m @ 0.87% copper and 0.05 g/t gold from 195m; and, - 1m @ 0.09% copper and 1.17 g/t gold from 204m. TRDD011 extended the mineralised skarn horizon to the north-west of TRDD001 (previously reported 51m @ 0.54% copper and 1.17g/t gold from 39m) and TRDD012 was a 50m step out to the south from TRDD001. TRDD012 has provided encouragement and vectors for the targeted causative porphyry intrusion system source with observations of: • Primary bornite and chalcopyrite within quartz veins occurring in an interval of volcaniclastic rocks from 160m to 210m down-hole which are the best primary bornite and chalcopyrite veining intersected to date at the Trundle project (Figure 3); • Observations of discrete monzodiorite intrusions from 275m to 340m down-hole depth, and coarse primary molybdenum within a quartz vein at 314m down-hole depth (assay results pending); and, • Four well developed and broad skarn horizons identified commencing from the surface (noting dilution in reported intervals from core loss) and extending deep down-hole (assay results pending). On 22 April 2021, Kincora reported that recent drilling has provided encouragement for the northern and southern extensions to the skarn alteration, extending the strike of the mineralised skarn footprint at Trundle Park to over 500 metres and still open in all directions. Assay results from TRDD007 have expanded the mineralization to the north with intervals including: 39.3m @ 0.21g/t gold and 0.03% copper from 2.6m and 8m @ 0.96g/t gold (Table 1) and 0.34% copper from 158m and also TRDD016 with 12m @ 0.46g/t gold and 0.02% copper from 58m and 66m @ 0.21g/t gold and 0.03% copper from 130m (Table 9). RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 6 Assay results from TRDD0014 and visual indications of advanced skarn and epithermal alteration in TRDD016 (assays pending) have extended the mineralisation to the south and west (Figure 3). TRDD014 intersected multiple skarn horizons including 44m @ 0.20g/t gold and 0.12% copper from 358m, including 7m @ 0.64g/t gold and 0.53% copper (from 385m), and 1.3m @ 2.34g/t gold and 0.54% copper from 487m, and 10m @ 0.73g/t gold and 0.10% copper from 626m. Further drilling is proposed at Trundle Park to expand the near skarn mineralised footprint in all directions. Assay results and relogging of TRDD010 and TRDD015 have provided encouragement and vectors for the targeted causative porphyry intrusive and interpreted source of intersected gold and copper mineralization in the skarn system. Increased quartz veining and multiple phases of monzodiorite, felsic alteration and minor zones of chalcopyrite and molybdenite have been noted. Molybdenite in TRDD015 was mostly observed in quartz veins cutting monzodiorite in an interval with 12m @ 0.13 g/t gold, 0.10% copper and 79ppm molybdenite from 426m, including 2m @ 0.33g/t gold, 0.23% copper and 78ppm molybdenite from 426m. A key advancement for the Trundle Park prospect from TRDD010 and TRDD015 has been confirmation of multiple mineralising phases of the targeted intrusion. Given the mineral tenor intersected in the nearer surface skarn, the intrusions intersected in TRDD010 and TRDD015 are not expected to be the main causative source but provide support for the team’s exploration concepts and model, and vectors for follow up drilling to the north, west and south. The Mordialloc Prospect On 22 April 2021, Kincora advised that two rigs are now operational at the Mordialloc prospect, specifically at the Mordialloc, Mordialloc North East and Mordialloc South West targets (the latter previously known as Yarrabandi). BYRO EAST PROJECT AND ORANGE EAST PROJECT On 23 April 2021, the Company advised that it intends to pursue a spin-out of its non-core Byro East Nickel-Copper-PGE Project (Byro East) and Orange East Gold Project (Orange East), respectively located in Western Australia and New South Wales, subject to shareholder and other requisite approvals. The decision to pursue a demerger and separate listing of these projects follows a strategic review of the Company’s asset base in light of the success of its ongoing resource and exploration drilling program at its flagship 100%-owned Cummins Range Rare Earths Project located in the Kimberley region of Western Australia. Byro East hosts numerous nickel-copper-PGE targets along the geological setting of the Milly Milly intrusions, considered to be analogous to the Gonneville intrusion that hosts Chalice Mining Limited’s world-class Julimar discovery. RareX secured Byro East in January 2020 prior to Chalice RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 7 making its Julimar discovery in February 2020. Chalice, Buxton Resources and other private companies have subsequently applied for tenure surrounding RareX’s Byro East Project. Orange East is located just 15km along strike from the McPhillamys Gold Mine (Probable Reserve of 60.1Mt at 1.05g/t Au for 2.03Moz 2), which is owned by Regis Resources Limited and shows striking similarities to the McPhillamys Gold Mine. Specifically, both Orange East and McPhillamys are hosted in the Silurian volcaniclastic rocks of the Anson Formation adjacent to the GCFZ and 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 eastwest. The Board considers that, given the Company’s strategic focus on the continued exploration and potential development of the Cummins Range Project, the value of Orange East and Byro East is not currently reflected in RareX’s share price and it would be beneficial to the Company and its shareholders that the projects be housed in a separately listed vehicle specifically focused on progressing their exploration and development. WELD NORTH RARE EARTHS PROJECT As advised on 21 January 2021, drilling was completed before Christmas 2020 for a total of 23 air-core holes and assay results have now been received. The results indicate that the circular magnetic anomaly is a late-stage granite. RareX intends to complete a review of the project before determining the best path forward amid no field work was completed on the Project during the quarter. RareX continues to develop greenfields targets like Weld North with the potential for world-class discoveries. MOROCCAN COBALT PROJECTS No work was undertaken on the Moroccan projects during the quarter. LEOGANG PROJECT, AUSTRIA No work was undertaken on the Austrian projects during the quarter. 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 8 CORPORATE & FINANCE During the quarter, the Company announced a strategic $2.75 million investment by prominent resource investor Mr Simon Lee AO via a share placement comprising 25 million new fully-paid ordinary shares at A$0.11 per share (Placement). The additional funding to be used to progress the Company’s growth strategy in the global rare earths sector. Further to its announcement of 23 December 2020, RareX advised that it has exercised its option to acquire a 12.3% stake in TSX-Venture Exchange listed rare earths company Canada Rare Earths Company (“CREC”) from Talaxis Group on 19 February 2021. As a result, RareX acquired 24,779,658 CREC shares at a price of C$0.04 per share for a total investment of C$0.99 million. RareX is currently working with world class rare earths partner Shenghe Resources towards formalisation of the recently announced alliance (ASX: 4 February 2021). The Company has also decided to pursue a secondary cross-listing of its shares on the OTCQB market in North America, given the significant interest in critical minerals globally. This cross-listing will enable the Company to implement a strategy that has been widely used by many other ASX-listed companies to broaden its investor base in North America at an extremely favourable time for the rare earths sector. The Company remains well funded with $4.6 million in cash and approximately $4.7 million in listed securities (8,483,333 KCC shares at A$0.215 (ASX); 24,779,658 CREC shares at C$0.12 (TSXV) and FX 0.96) at the end of the March Quarter. This quarterly report has been approved for release by the Board of RareX Limited. For further information, please contact: Jeremy Robinson Managing Director Competent Person’s Statement The exploration results in this announcement were reported by the Company in accordance with listing rule 5.7 on 26 May 2020, 17 November 2020, 21 January 2021 and 22 April 2021. The Company confirms it is not aware of any new information or data that materially affects the information included in the previous announcements. The mineral resource estimates in this announcement were reported by the Company in accordance with listing rule 5.8 on 15 October 2019 and updated on 26 May 2020. The Company confirms it is not aware of any new information or data that materially affects the information included in the previous announcements and that all material assumptions and technical parameters underpinning the estimates in the previous announcement continue to apply and have not materially changed. RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 9 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 10 Appendix 1: RareX Limited Interests in Mining Tenements The following information is provided pursuant to Listing Rule 5.3.3 for the quarter ended 31 March 2021. Australian Tenement Schedule State Project WA Cummins Range WA Cummins Range Extension WA Byro WA Byro WA Byro WA Byro WA Byro WA Weld North WA Weld North 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 E80/5092 E80/5372 E09/2386 E09/2387 E09/2408 E09/2409 E09/2443 E38/3455 E38/3530 E38/3531 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% 100% 100% 100% 30% 35% 35% 35% 35% 35% 35% 100% Note 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 96/17/S (CLY-LEOG-048) M 31 Fieberbrunn RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 11 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 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 44/17/T (CLY- KITZ -007) M 31 Fieberbrunn RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756 12 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) 104/17/T (CLY-KITZ-067) 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 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 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 13 105/17/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 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 least 50% of the licence area Designation Reference Cadastral Municipalities Meridian Centre in the Cadastral Municipality Other Cadastral Municipality Concerned 49/17/S (CLY-LEOG-001) M 31 Schwarzleo Sonnberg 50/17/S (CLY-LEOG-002) M 31 Schwarzleo 52/17/S (CLY-LEOG-004) M 31 Schwarzleo 53/17/S (CLY-LEOG-005) M 31 Schwarzleo 54/17/S (CLY-LEOG-006) M 31 Schwarzleo 55/17/S (CLY-LEOG-00