American Rare Earths Ltd · ASX:ARR
American Rare Earths — Shareholder Meeting (November 2025)
12 slides from American Rare Earths's shareholder meeting presentation, Nov 13, 2025
Slide 1: November 2025 Investor Presentation
For personal use only (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) November 2025 Investor Presentation A Wyoming Solution to Diversify and De-Risk the United States’ Upstream Rare Earths Supply Chain
Slide 2: Forward Looking Statements
Forward Looking Statements Disclaimers Competent Person Statement This presentation contains forward-looking statements This work was reviewed and approved for release by Mr Kelton Smith (Society of Mining Engineers that involve subjective judgement and analysis and #4227309RM) who is employed by Te
Slide 3: Investment Highlights
Investment Highlights World-Class Resource Scale and Grade 1 • Halleck Creek is a large, scalable deposit with a JORC resource estimate of 2.63 billion tonnes and grades of 3,292 ppm TREO For personal use only • Only a small portion of the total resource has been included in current economic studies
Slide 4: Flagship Project Overview: Halleck Creek
Flagship Project Overview: Halleck Creek Project Overview Location Halleck Creek is a large, scalable resource with the potential to secure both the heavy and light rare earths needs for US industry, Montana For personal use only defense and innovation for +100-years. South Dakota ⚫ The Project depo
Slide 5: Halleck Creek is the United States' Long-Term Rare Earths Supply Solution
Halleck Creek is the United-State’s Long-Term Rare Earths Supply Solution A Halleck Creek is the U.S’ long-term solution to Rare Earth Magnet Breakdown By Mass % 3 diversify and de-risk its domestic rare earths mine-to- magnet supply chain. 1%, Boron For personal use only 29-32%, Light Rare Earths T
Slide 6: Flow-Sheet Development & Technical De-Risking
Flow-Sheet Development & Technical De-Risking Historically, producing allanite-based rare earths (i.e. Halleck Creek’s ore) has proven to be technically and economically challenging. However, ARR is well underway in developing a technically and economically viable flow-sheet based on 100% convention
Slide 7: Updated Preliminary Mineral Processing Flowsheet
Updated Preliminary Mineral Processing Flowsheet American Rare Earths is nearing completion of a robust mineral processing flowsheet, with the potential to unlock Halleck Creek’s immense rare earths resource and become the next producing mine in the United States. For personal use only Con Filter/Dr
Slide 8: Key Milestones & Catalysts
Key Milestones & Catalysts Feb 2025: Completed Separation & Mar 2024: Published Halleck Creek Scoping Concentration tests, Proving 10x ore upgrade Study at scale For personal use only May 2025: Groundwater monitoring wells Jun 2024: Received State of Wyoming installed, a key step in the CSM permit t
Slide 9: Halleck Creek Resource Base & Growth Potential
Halleck Creek Resource Base & Growth Potential Mineral Resource Estimate – Jan 20251 Halleck Creek Resource Areas In addition to the Halleck Creek deposit’s immense size and potential For personal use only ability to support multi-generations of US domestic rare earths needs, the resource’s rare ear
Slide 10: Halleck Creek Development & CSM Study Economics
Halleck Creek Development & CSM Study Economics ⚫ The Halleck Creek project to be developed in 2 separate and independent phases: ◼ Phase 1: The Cowboy State Mine, which is located on 100% Wyoming state land minerals – a strategic advantage for the project given the state’s streamlined permitting pr
Slide 11: Halleck Creek Operating and Financial Profile
Halleck Creek Operating and Financial Profile CSM Operating Profile (3Mtpa Base Case) Production (kt NdPr Eq.) Cash Costs (US$ / kg NdPr Eq.) For personal use only 3.3 3.3 3.1 3.2 3.0 3.0 2.8 2.9 2.8 2.7 2.7 2.7 2.7 2.7 2.1 2.6 2.6 2.6 2.4 2.5 2.3 $50 $47 $44 $42 $40 $38 $38 $35 $37 $37 $37 $36 $35
Slide 12: American Rare Earths / Wyoming Rare USA
American Rare Earths / Wyoming Rare USA Richard Hudson Sten L. Gustafson Board Chair, ARR Non-Ex. Director & V. Chair, ARR & WRI ▪ +40 years of experience in corporate ▪ +25 years of experience in energy services and investment banking For personal use only governance & capital markets ▪ Previously
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