Rarex Limited · ASX:REE
Rarex — Investor Presentation (October 2026)
16 slides from Rarex's investor presentation, Oct 12, 2026
Slide 1: Exploring for and developing critical minerals for secure supply chains
rsonal use only Exploring for and developing Critical minerals for secure supply chains Investor presentation · October 2026 ASX: REE · OTCQB: REEEF · rarex.com.au
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about RareX Limited (REE) and is Forward-looking statements including projections, guidance on future earnings and current as of 12 October 2026 and is authorised for release by the Board. The earnings and estimates are provided as a general
Slide 3: Cautionary note and Competent Persons' Statements
Cautionary note and Competent Persons’ Statements Cautionary note Competent Person’s Statement Competent Person’s Statement Mrima Hill Geology Production target and forecast financial rsonal use only At present, there are no guarantees that the The information in this presentation relating to the in
Slide 4: Company Overview: Three project areas at three stages of development
Company Overview Three project areas at three stages of development rsonal use only Develop Explore Acquire Cummins Range, WA Khaleesi, WA & Piper, NT Mrima Hill, Kenya 524.3Mt Mineral Resource at 0.31% TREO Khaleesi: 3,500m RC program underway RareX-led consortium with and 4.6% P2O5 across five tar
Slide 5: Why now? Governments are now funding new critical minerals supply
Why now? Governments are now funding new critical minerals supply rsonal use only A$1.2bn 10% US$12bn US$3.5bn Australia · Reserve Australia · Tax offset US · Project Vault US and Australia · Joint funding A$1.2 billion Critical Minerals 10% refundable tax offset on US$12 billion stockpile Committed
Slide 6: Capital structure and board
Company Overview Capital structure and board rsonal use only Capital structure Board Share price 5 October 2026 $0.011 James Durrant Managing Director & CEO Shares on issue 1.216 B Jeremy Robinson Market capitalisation A$13.38 M Non-Executive Chairman Cash 30 June 2026 A$4.084 M Shaun Hardcastle Non
Slide 7: Cummins Range: One resource, several critical minerals
Cummins Range One resource, several critical Wyndham minerals rsonal use only Kununurra Hydro Power 524.3Mt 390 km Tanami Intersection Lake Argyle Ord River 24Mt to Wyndham Hydro Plant Mineral Resource at 0.31% TREO and 4.6% P2O5 1.6Mt 24Mt contained P2O5 contained TREO contained P2O5 Western Great
Slide 8: Approvals and logistics
Approvals and logistics rsonal use only Mining Lease Granted. Secures long-term tenure. Heritage Mining Heritage Protection Agreement finalised with Jaru native title holders. Environmental baselines complete. Road Haulage agreement signed for the route to Wyndham. Wyndham designated a first point o
Slide 9: Khaleesi Project: RareXploration's first priority project
Khaleesi Project RareXploration’s first priority project rsonal use only A 20km alkaline intrusive complex in the East Yilgarn Geology Same age as Mt Weld and Cundeelee. Niobium up to 0.1%, rare earths up to 0.4%, broad History gallium zones to 80g/t. Tenure Acquired May 2024. About 900km² Phase 1 A
Slide 10: Khaleesi Project: Copper intersected outside the original exploration model
Khaleesi Project Copper intersected outside the original exploration model rsonal use only ~77–151m Done Maiden RC program at Niobe complete. Rim, Nb and Mag: Next Assays for the KRC012 copper zone Extended drilling at Niobe to test the copper S ig n ific an t an o m alo u s co p p er su lp h id e m
Slide 11: Piper Project, NT
Piper Project, NT An untested magnetic anomaly in the Aileron Province rsonal use only Earn 80% by drilling 3 deep holes totalling more than 1,000m 2.5km-diameter magnetic bullseye, not yet drill tested Along strike from Luni and Nolan’s Bore in the NT 330km² of tenement WA1 has pegged the belt arou
Slide 12: Mrima Hill: Strategic optionality
Mrima Hill Strateg ic o p tio nality A rare earth and niobium opportunity in Kenya rsonal use only Structure RareX-led consortium with Iluka Resources Process Progressed to RFP Stage Offtake Right of first refusal for Iluka’s Eneabba refinery Potential Rare earths, niobium, phosphate, manganese Loca
Slide 13: Listed investments
Listed investments rsonal use only Holding Shares Value at 30 Sept 20261 Kincora Copper (ASX: KCC) 4M, plus project royalty2 A$3.9M EAU Lithium (ASX: EAU) 11.25M A$1.6M Canadian Rare Earth Corporation 24M A$0.5M Total A$6M 1 ASX:KCC at $0.98 per CDI; ASX:EAU at $0.145 per share; CREC at CAD$0.02 per
Slide 14: What comes next
What comes next rsonal use only 01 Khaleesi Assays from the KRC012 copper zone. Extended drilling at Niobe. Results from Rim, Nb and Mag pending 02 Mrima Hill RareX shortlisted; RFP process underway; decision due Q4 2026 03 Cummins Range Evaluating commercial pathways including potential strategic p
Slide 15: Investor Relations
rsonal use only Investor Relations James Durrant Managing Director & CEO +61 8 6383 6593 info@rarex.com.au Investor Hub: rarex.com.au L1, 1 Alvan Street, Subiaco WA 6008 ASX: REE · OTCQB: REEEF
Slide 16: Cummins Range Mineral Resource
Cummins Range Mineral Resource rsonal use only D yke C lass To nnes P2O 5 (% ) TR EO + Y2O 3 H R EO N d 2O 3 Pr6O 11 N b 2O 5 S c2O 3 ThU (M t) Rare Ind icated 44.4 6.0 5560 280 880 260 990 90 80 Inferred 363.7 3.9 2960 160 480 140 570 70 40 To tal 408.2 4.1 3240 180 520 160 610 70 40 Pho s Ind icat