Arafura Rare Earths Limited · ASX:ARU
Arafura Rare Earths — Minerals Security Partnership meeting, Brussels (November 2025)
14 slides from Arafura Rare Earths's conference presentation, Nov 19, 2025
Slide 1: Minerals Security Partnership Presentation (ASX Announcement)
ASX ANNOUNCEMENT MINERALS SECURITY PARTNERSHIP PRESENTATION 19 November 2025 Arafura Rare Earths Limited (ASX: ARU) (Arafura or the Company) is pleased to attach a copy of the presentation delivered at the Minerals Security Partnership meeting in Brussels, Belgium by Managing Director and CEO Darryl
Slide 2: Arafura Rare Earths: Minerals Security Partnership Deep Dive Presentation
ASX: ARU For personal use only Arafura Rare Earths Minerals Security Partnership Deep Dive Presentation November 2025
Slide 3: Disclaimer
Disclaimer This presentation is dated 19 November 2025 and in information in this presentation or any other presentation that relates to Ore Reserves is extracted mineral resources and there is no certainty that has been prepared by Arafura Rare Earths Limited information made available to a person,
Slide 4: Executive Summary
Executive Summary Investment Highlights Recent Achievements For personal use only Developing the western world’s third Funding Strategy significantly progressed1 ore-to-oxide project after Lynas and Mountain Pass >US$1Bn in long term debt conditionally approved2 Construction ready, advanced engineer
Slide 5: Delivering the world's second single site, ore to oxide project
Delivering the world’s second single site, ore to oxide project For personal use only NdPr Oxide SEG/HRE Oxide Phos acid 4,440 tpa 573 tpa 3 144,393 tpa (Includes Dy and Tb) (54% P2O5 MGA) ✓ Strategic location in proximity to critical Mine Life Capex1 NPV8 after tax1 infrastructure and US$1,191 m US
Slide 6: Right strategy at the right time
Right strategy at the right time Production For personal use only Development Mine Concentrate MREC1 NdPr Oxide NdPr Metal NdFeB Alloy / Magnet Average of 18 years between discovery and commencement of commercial production 2 2-5 years Radionuclides & rare earths unseparated Radionuclide free Concen
Slide 7: Development pipeline challenging
Development pipeline challenging World’s most advanced single site, ore-to-oxide project2 For personal use only 18 years4 Exploration / Study Funding / Construction3 Commercial Production LEGEND Bubble size = Ore-to- Brazilian Rare Earths Market oxide Energy Transition Minerals cap1,2 VHM ASM Hastin
Slide 8: Scarcity driving geographically captured supply
Scarcity driving geographically captured supply1 Arafura: a strategic supply for Europe, Korea & RoW use only CHINA MP MATERIALS LYNAS RARE EARTHS ARAFURA RARE EARTHS3 Company For personal • US – Australia Critical Minerals Funding/ • Restrictions on rare earth exports Framework Policy • Ban on expo
Slide 9: Historic US-Australia Critical Minerals Framework
Historic US-Australia Critical Minerals Framework Nolans identified as a priority project under the Framework, with EFA For personal use only announcing the conditional approval for up to US$100m equity investment Context Key Outcomes from Framework1: • Intensify cooperative efforts to accelerate th
Slide 10: Indicative funding strategy
Indicative funding strategy Majority of funding conditionally approved or committed upon completion of the recent equity raise For personal use only Nolans funding bridge (US$m)1 Cornerstone Investors 113 43 1,586 3,520tpa 6 233 3 Remaining Volume Provisionally Reserved 349 2 316 Germany 72 Korea 77
Slide 11: Board and Executive team
Board and Executive team Mark Southey | Non-Executive Chairman | BSc (Hons), MBA, GAICD and MIEAust Peter Sherrington | Chief Financial Officer | BBus, CA For personal use only Mr Southey has extensive global experience in the industrial and natural resources sectors covering all aspects of asset Pe
Slide 12: ESG – an integrated approach focusing on what matters most
ESG – an integrated approach focusing on what matters most For personal use only We recognise the We are aligning our Clear pathway to net ESG intersections governance to zero and opportunities in international standards our business Building a sustainable workforce while co- As a greenfields design
Slide 13: Last Step: Equity for Offtake whilst supporting market based NdPr pricing
Last Step: "Equity for Offtake" whilst supporting market based NdPr pricing For personal use only Nolans Project: Ready to go Large, high grade, Construction ready, Projected first quartile Fully funded solution Project delivery to Environment, social, scalable resource ore-to-oxide project of cost
Slide 14: Contact
ASX: ARU Contact Level 6, 432 Murray St For personal use only Perth WA 6000 PO Box 5773 St Georges Terrace Perth WA 6831 T: +61 8 6370 2800 E: arafura@arultd.com arafura@arultd.com (All corporate and general enquiries) E: nolansproject@arultd.com nolansproject@arultd.com (Nolans Project enquiries on
Arafura Rare Earths — Minerals Security Partnership meeting, Brussels (November 2025) on 6ix