Arafura Rare Earths Limited · ASX:ARU
Arafura Rare Earths — Diggers and Dealers 2026
16 slides from Arafura Rare Earths's conference presentation, Aug 3, 2026
Slide 1: Diggers and Dealers Presentation (ASX Announcement)
ASX ANNOUNCEMENT DIGGERS AND DEALERS PRESENTATION 3 August 2026 Arafura Rare Earths Limited (ASX: ARU) (Arafura or the Company) is pleased to attach a copy of the presentation delivered at the 35th annual Diggers and Dealers mining investment forum in Kalgoorlie, Perth by Managing Director and CEO D
Slide 2: Nolans Project: Development into Construction
ASX: ARU 3 August 2026 For personal use only Arafura Rare Earths Nolans Project: Development into Construction
Slide 3: Disclaimer
Disclaimer This presentation is dated 3 August 2026 and has in information in this presentation or any other presentation that relates to Ore Reserves is extracted target itself will be realised. Arafura confirms that been prepared by Arafura Rare Earths Limited information made available to a perso
Slide 4: Rare Earths: Structurally, dynamics haven't changed
Rare Earths: Structurally, dynamics haven’t changed For personal use only Restrictions Intervention Multiple Catalysts Supply Constraints Global Response 20 July 2026 – China's heavy rare earth tap stays Supply 26 June 2025 – China Is Still closed for Japan in June constraint 20 July 2026 – Lynas CE
Slide 5: Delivering Australia's first rare earths ore to oxide project
Delivering Australia’s first rare earths ore to oxide project For personal use only Enablers Outputs NdPr Oxide (radiation free) Fully permitted 4,440 tpa SEG/HRE Oxide Equity secured1 573 tpa4 (Includes Dy and Tb) Phos acid ECA covered debt 144,393 tpa (54% P2O5 MGA) The Asset - Nolans • 38-year lo
Slide 6: Geology of a long life asset
Geology of a long life asset NdPr Rich and Open at Depth For personal use only 38 year Mine life Over 90km Low strip Single Pit Expansion drilled to define ratio potential - open & classify at depth to material types 400m1 Resources Tonnes (m) Rare Earths TREO % Phosphate P2O5 % NdPr Enrichment % Me
Slide 7: Demand doubling....and that's before robotics takes off
Demand doubling....and that’s before robotics takes off More than one Nolans project required every year NdPr Supply and Demand1,2 For personal use only 160 % 143kt Arafura Rare Earths 140 7% Industrial 8% Wind Turbines ROW producers Magnetocaloric 8% chillers Additional supply of Demand growth of 7
Slide 8: Arafura: Right strategy, right time
Arafura: Right strategy, right time For personal use only ~18 years between discovery & commencement of commercial production2 2-5 years End Use Applications Radionuclides & rare earths unseparated Radionuclide free NdPr oxides Tier 1 suppliers | OEMs Mine Concentrate MREC1 NdPr Oxide NdPr Metal NdF
Slide 9: Development pipeline challenging
Development pipeline challenging World’s most advanced single site, ore-to-oxide project2 For personal use only 18 years4 Exploration / Study Funding3 Construction3 Commercial Production LEGEND Bubble Ionic Rare Earths size = Ore-to- Market oxide Brazilian Rare Earths VHM cap1,2 Energy Transition Mi
Slide 10: Arafura: A Genuine Alternative Supply
Arafura: A Genuine Alternative Supply Multi-Government Support Alignment to deliver a diversified Rare Earths Supply Chain For personal use only Multi-Government Support Global ECA support Government seeded equity support Strategic Offtake Partners Strategic Bilateral Policy Funding Movement to glob
Slide 11: Fully funded with significant completion support
Fully funded with significant completion support1 Arafura’s Capital Structure (US$m2) For personal use only Capital Cost Working capital, corporate costs & lender contingency 462 Financing Costs 182 (Total Cost Overrun Funding) (COF and Equity Reserve) 146 Forecast 7352 Development 173 Cost US$1.6b
Slide 12: Partnering with purpose: Delivering with capability
Partnering with purpose: Delivering with capability For personal use only Arafura Hatch Board & Leadership Team Extensive EPC,M Hydrometallurgical Plant and • Major project development The Nolans Project Project Execution Expertise • Complex plant operation • Complex plant and mega project • “Fit Fo
Slide 13: Construction activity is ramping up
Construction activity is ramping up For personal use only Next 6 months 2027-2029 Major Contracts Supply and Services Major Contracts Turnkey Services • Concrete Installation • Temporary Power • Concrete Installation (NPI) • Buildings – Modular and Steel • Waste Management • SMPE&I – ECIs, Plants, N
Slide 14: ESG – an integrated approach focusing on what matters most
ESG – an integrated approach focusing on what matters most For personal use only Net Zero Stakeholders & Pathway Communities Responsibly delivering electrical Multifaceted engagement to deliver power and thermal energy social, economic and cultural outcomes Global Standard Aboriginal Governance Part
Slide 15: The Nolans Project is ready to go
The Nolans Project is ready to go For personal use only Large, high grade, Environment, social, Fully funded Into Construction Strategic Project Project delivery to scalable resource governance • Global partners • FID Announced May 2026 • Multi jurisdictional drive re-rate • 38-year mine life • Inte
Slide 16: Contact
Contact Level 1, 11 Mounts Bay Road Perth WA 6000 For personal use only 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 only)