Slide 1: Rare Earth Resources: Exploring for and Developing
RareX For personal use only Rare Earth Exploring for and Developing Resources James Durrant ASX: REE OTCQB: REEEF Oct 2025 rarex.com.au
Slide 2: Disclaimer & Competent Persons' Statements
Disclaimer & Competent Persons’ Statements This presentation contains summary information about RareX Limited (REE) and is current as of Competent Person’s Statement - Geology: The information in this presentation relating to the Mineral 14 October 2025 and is authorised for release by the Board. Th
Slide 3: Always Rare Earths: Vision, Mission, Timeline
RareX Always Rare Earths For personal use only Vision Mission Timeline To materially Develop Cummins Range in WA 2019 RareX listed 100 % 2019 Cummins Range acquired Australia’s largest undeveloped RE resource contribute to Significant high-grade Ga intercepts 2019 Maiden Resource global rare
Slide 4: Critical Mineral Exposure: Rare earth centred
Critical Mineral Exposure: Rare earth centred RE 57-71 Cummins Range, Khaleesi 41 Cummins Range, (Mrima Hill) Nb Uses and strategic relevance: Uses and strategic relevance: AI chips – semi conductors Batteries For personal use only 21 Sc Advanced electronics Niobium Fertiliser Aerospace al
Slide 5: Cummins Range
For personal use only Range Cummins
Slide 6: Cummins Range Project Summary
Cummins Range Project Summary Wyndham 4 5 Key attributes Strategic relevance For personal use only Kununurra Hydro Power JORC resource defined 1 1.6Mt rare earth content 390 km Lake Argyle Mining Licence pending 2 Multi-critical minerals allows Tanami Intersection Ord River Jaru sign-off in
Slide 7: Cummins Range RE – Ga - Sc
Cummins Range RE – Ga - Sc Australia’s largest undeveloped rare earths project Substantial potential gallium endowment Total of 524.3Mt @ 4.6% P2O5, 0.31% TREO Best Ga intercepts on the ASX – 115m @ 146ppm For personal use only 1.6M tonnes contained TREO; 24Mt contained phosphate ASX Announcem
Slide 8: Cummins Range Development Focus
Cummins Range Development Focus For personal use only Metallurgy Mining Lease Finish metallurgy works Sign the heritage agreement Make competitive product Section 31 Deed Complete the techno-economical Secure the Mining Lease studies Mining heritage agreement is the pre- Metallurgy consi
Slide 9: Potential Acquisition
For personal use only Potential Acquisition
Slide 10: Mrima Hill Acquisition Initiative
Mrima Hill Acquisition Initiative This proposal(Submitted April ‘25) is under consideration by the Kenyan Government For personal use only Key attributes Proposal Summary 1 Globally significant RE RareX-led consortium with project Iluka Resources 2 Potential for: Kenyan government Rare ear
Slide 11: Exploration Pipeline
For personal use only Pipeline Exploration
Slide 12: Khaleesi: Explore for RE - Nb - Ga
Khaleesi Explore for Re – Nb - Ga A newly identified Alkaline Intrusive Complex Key attributes 2024 Acquired For personal use only 20km diameter Alkaline 2024 Field survey Intrusive Complex Alkaline Intrusive Complex: 2024 Native title agreement Home of carbonatites Same age to Mt Weld and Cunde
Slide 13: Mt Mansbridge: Explore for heavy rare earths
Mt Mansbridge Explore for heavy rare earths New Xenotime veins identified For personal use only 2023 Tenements pegged Key attributes 45km from Browns Range 2024 Heritage Agreement surrounded by Iluka tenements 2025 Tenements granted Comparable setting to Browns Range heavy rare earths 2025 Herit
Slide 14: Piper Bullseye: Explore for Carbonatite
Piper Bullseye Explore for Carbonatite A massive bullseye anomaly For personal use only Earn-in Key attributes 2024 acquisition Untested strong geophysical bullseye Exploration proposal anomaly in highly fertile 2024 submitted belt Carbonatite Pipe? Future Native title agreement 2.5km diameter
Slide 15: Investments
For personal use only Investments
Slide 16: Investment portfolio
Investment portfolio Growing value $5.2M Combined value (October 2025) For personal use only Kincora Copper ASX:KCC www.kincoracopper.com Project generator model for 5M shares porphyry projects Six deals = >A$110M in asset $4.0M value (01OCT25) level funding Cosmos Exploration ASX:C1X Lithium
Slide 17: Board of Directors
Board of Directors Jeremy Robinson Non-Executive Chairman Danny Goeman Non-Executive Director Shaun Hardcastle Non-Executive Director James Durrant Managing Director For personal use only Company Secretary Oonagh Malone Chief Executive Officer James Durrant RareX HQ L1, 1 Alvan Street, Subiaco WA 60
Slide 18: Appendices
For personal use only Appendices
Slide 19: Strong Core Team
Strong Core Team Technical, Operations, Financing James Durrant Gavin Beer CEO & MD Jeremy Robinson Consulting Metallurgist Non-Executive Chairman For personal use only Mining and Mechanical Engineer Globally renowned rare with nearly 20 years across Tier Fund raising, Strategy, earth metallurgical
Slide 20: Corporate Overview
Corporate Overview Capital Structure ASX Code REE Strong geopolitical and demand tail winds Share Price (13 Oct 2025) A$0.038 Leveraged to significant market recovery – High Beta stock For personal use only Shares on Issue 1,010M Additional gallium exposure > thematically aligned Market Capita
Slide 21: List of Sources for Grade and Resource Graphs
List Of Sources For Grade And Resource Graphs For personal use only Resource RareX Source of data Arafura Source of data ASM Source of data https://investors.rarex.com.au/announcements/61739 https://wcsecure.weblink.com.au/pdf/ARU/02651944.p https://asm-au.com/dubbo-project/resources-and- Resource ,
Slide 22: List of Sources for Gallium Significant Intercepts
List Of Sources For Gallium Significant Intercepts Notable Intercepts For personal use only Company Source of Data Intercept, m Grade, ppm 27 75 50 68 45 93 https://webservices.weblink.com.au/article.aspx?articleID=yPTpwlx5Cwy8LIdFSQmwQuV+rWc 47 94 ssr3MeA58TWPn0bU= 37 145 60 99 RareX (REE) 56 114 6