Brazilian Rare Earths Limited · ASX:BRE
Brazilian Rare Earths — Technical Presentation (August 2026)
18 slides from Brazilian Rare Earths's technical presentation, Aug 18, 2026
Slide 1: Changing the Global Rare Earth Landscape
Changing the Global Rare Earth Landscape Monte Alto + Camaçari Scoping Study: a Tier-1, first-quartile large-scale heavy rare earth province in Bahia, Brazil MONTE ALTO + CAMAÇARI SCOPING STUDY August 2026 | Investor Presentation | ASX: BRE
Slide 2: Cautionary statements and study basis
Cautionary statements and study basis Investors should also read the full ASX announcement dated 18 August 2026, including the Summary of Modifying Factors and Material Assumptions. Disclaimer Mr. McGarry consents to the inclusion in this report of the results of the matters based on his information
Slide 3: Exceptional economics with a staged path to production
Exceptional economics with a staged path to production Ultra-high grades underpin first-quartile costs, exceptional returns and a low-capex route to market KEY SCOPING STUDY METRICS 1 US$6.0bn 90% 1.1 yrs Capex to first oxide production: US$969m Post-tax NPV8 Post-tax IRR Payback • Includes 30% cape
Slide 4: Exceptional grades and recoveries set a new benchmark
Exceptional grades and recoveries set a new benchmark Higher grade means fewer tonnes processed, smaller processing facilities and lower costs MINERAL RESOURCE GRADE VS SELECTED PEERS (TREO %) 1 BRE (Monte Alto) 11.3% High-grade Monte Alto Mineral Resource MP (Mountain Pass) 5.3% Lynas (Mt Weld) 4.1
Slide 5: Globally significant magnetic rare earth production
Globally significant magnetic rare earth production Major new source of heavy rare earths FORECAST NdPr PRODUCTION (tpa)1 FORECAST DyTb PRODUCTION (tpa)2 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 0 50 100 150 200 250 BRE (Monte Alto) BRE (Monte Alto) MP (Mountain Pass) MP (Mountain Pass) Meteoric
Slide 6: A leading global source of heavy rare earths
A leading global source of heavy rare earths HRE+ concentrate with the highest value rare earths: DyTb, Y, Sm and Gd RARE EARTH ASSEMBLAGE WITHIN MINERAL RESOURCE ESTIMATE 1 NdPr Dy2O3 Tb4O7 MREO Gd2O3 Y2O3 Heavy rare earth production p.a over life of mine ppm ppm ppm ppm ppm ppm BRE (Monte Alto) 18
Slide 7: First-quartile cost position
First-quartile cost position Scoping study results position Monte Alto as the lowest-cost Western rare earths development GLOBAL 2032 RARE EARTHS COST CURVE 1 $140 Ex-China China Durable cost advantages across a $130 range of prevailing market prices $120 NdPr Spot Price: $111/kg (FOB China MTD) 2 C
Slide 8: Province-scale critical minerals platform
Province-scale critical minerals platform Monte Alto anchors large-scale hub-and-spoke development model ROCHA DA ROCHA RARE EARTH CRITICAL MINERALS PROVINCE Hub-and-spoke development model Phase 1: Monte Alto Deposit Ultra-high-grade anchor; simple ore sorting and road haul logistics to Camaçari. P
Slide 9: Higher grades, fewer processing steps and higher production yields
Higher grades, fewer processing steps and higher production yields Simple processing, single hydrometallurgy plant and high-value product suite MULTI-PRODUCT OPERATIONS PROFILE – MONTE ALTO Simplicity at Monte Alto Products Drill & blast Load & haul Crush & sort Road haulage • Simple mining, crushin
Slide 10: Integrated Camaçari refinery hub
Integrated Camaçari refinery hub Large-scale industrial complex with low-cost power, reagents and skilled workforce CAMAÇARI LOCATION AND MAJOR INDUSTRIAL OPERATIONS Established industrial complex with low-cost power, logistics and infrastructure 7,000+ ha Largest petrochemical complex in the Southe
Slide 11: Future strategic co-product upsides
Future strategic co-product upsides Scoping study models product sales from NdPr oxide and HRE+ concentrate only, excludes uranium FIRST 5-YEAR AVERAGE ANNUAL PRODUCTION SPLIT (PHYSICAL BASIS) NdPr oxide and HRE+ revenue only – uranium and strategic co-products offer future upsides Dysprosium, 229 t
Slide 12: Monte Alto fast-track concentrate plan
Monte Alto fast-track concentrate plan Simple, low-capex pathway to early cashflow before refinery construction RARE EARTH CONCENTRATE OPERATIONS PROFILE KEY OPERATING METRICS Drill & blast Load & haul Crush & sort Road haulage Products US$91m Rare earth Capex to first concentrate concentrate US$4/t
Slide 13: Province-scale exploration growth platform
Province-scale exploration growth platform Successful exploration pathfinder model continues to deliver new high-grade discoveries ROCHA DA ROCHA PROVINCE – EXCEPTIONAL EXPLORATION UPSIDE BRE is a global leader for high-grade rare earth discoveries • Few companies are investing to discover new high-
Slide 14: Why Brazilian Rare Earths?
Why Brazilian Rare Earths? Ultra-high-grades, strategic product leverage and hub-and-spoke model deliver superior economics TIER-1 ECONOMICS US$6.0bn 90% 1.1 yrs 6.2x Post-tax NPV8 Post-tax IRR Payback NPV / Upfront Capex SUMMARY HIGHLIGHTS 01 Exceptional grades 02 Heavy rare earth leverage 03 Simpl
Slide 15: Appendix
APPENDIX
Slide 16: Appendix A: Peer source data
Appendix A: Peer source data RARE EARTH ASSEMBLAGE WITHIN MINERAL RESOURCE ESTIMATE Project/Stage Company Classification TREO NdPr Dy2O3 Tb4O7 MREO Gd2O3 Y2O3 Source (%) ppm ppm ppm ppm ppm ppm SEC Filing. SEC Technical Report Summary, Mountain Pass 2025 S-K 1300 TRS Update, Mountain Pass (Producer)
Slide 17: Appendix B: Peer rare earth production data
Appendix B: Peer rare earth production data PEER RARE EARTH PRODUCTION DATA Project / Stage Company Element Production Datapoint Product Source NdPr 2,599 t 2025 Actual Mountain Pass MP Materials DyTb 37 t1 2025 Actual Separated Products SEC Filing 10k, MP Materials, 2025 Annual Report (Producing) Y
Slide 18: Appendix C: BRE Mineral Resource Estimates
Appendix C: BRE Mineral Resource Estimates MONTE ALTO & SULISTA MINERAL RESOURCE ESTIMATES (JORC 2012) Deposit Class Tonnes TREO NdPr Dy2O3 Tb4O7 Gd2O3 Y2O3 Nb2O5 Sc2O3 Ta2O5 U3O8 (kt) (%) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) Indicated 2,510 12.73 20,990 910 170 1,250 4,240 3,730 13
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