Rarex Limited · ASX:REE
Rarex — International Rare Earths Conference (October 2022)
40 slides from Rarex's conference presentation, Oct 18, 2022
Slide 1: For personal use only
For personal use only ASX: REE OTCQB: REEEF rarex.com.au
Slide 2: Disclaimer and Competent Person's Statements
For personal use only This presentation contains summary information about RareX Limited (REE) and is current as Competent Person’s Statements: The information in this presentation relating to the Mineral of 18 October 2022 and is authorised for release by the Board. The information in this Resource
Slide 3: Sustainable Rare Earths
~ & Fo! personal use only RARE Rare Earths
Slide 4: RareX Founder and Managing Director
RareX Founder and Managing Director Sustainable Rare Earths
Slide 5: The RareX Team and vision
“the world? s leading rare earth- _ material suppliers outside of- “China for the global NdFeB permanent magnet industry. ‘We want to provi le high qua ity, s ethical low carbon produced-materials and— services through an integrated operation and corporate business model. Througha continuous improve
Slide 6: Our ESG Commitment
Our ESG Commitment Stakeholders and Stages Status Quo Employees, suppliers Halls Creek / Port Wyndham / and contractors Kununurra Communities Regulators Operation “ ~~ = whose land'it op * Da SEP eet @) ‘ iples of Governance / Planet / or Investors People & Prosperity & Level of granularity of data
Slide 7: Corporate snapshot
For personal use only ASX Code Top 40 Shareholders OTCQB Number of Shareholders Share Price (14.10.2022) Major Shareholder Shares on issue Market Capitalisation Cash & Investments (Q1–22) Enterprise Value ASX: 0.14 0.12 Chairman Managing Director 0.10 Non-Executive Director Prev Close: 0.057 Non-Exe
Slide 8: Investment highlights
For personal use only RareX is well funded, highly leveraged to the booming global Substantial resource with rare earths sector, with a quality potentially significant upside. asset in a Tier-1 location with Tier- Outstanding recent exploration The European, Canadian, American, results have confirme
Slide 9: Sustainable Rare Earths
Sustainable Rare Earths world leader in the application of low carbon energy solutions to rare earths projects. powered by green hydroelectric power, Non-Executive Director
Slide 10: Scoping study highlights
For personal use only • Strong financials • Study considers the utilisation of grid-connected • Tier-1 Mining Jurisdiction hydroelectric power for refinery operations, a potential • Significant production world first for rare earth profile of sustainably, refineries Australian produced rare earth an
Slide 11: For personal use only
For personal use only * Including Credits
Slide 12: Project location and logistics
Hydro For personal use only Power Located in the Kimberley region of Located in the east Kimberley region Western Australia near the of Western Australia at Port township of Halls Creek. Wyndham, it's envisaged to build a Tanami Intersection to Wyndham A at sourcing the renewable site is foreseen pr
Slide 13: Enabling a Low Carbon Operation
RARE Sustainable Enabling A Low Carbon Operation enare Future study work will include an assessment to electrify the local ~ fleet with charging from the hydro 2 take dreyle, . powered grid, eliminating fuel use HydroPlai S for the RareX facilities at the port | ? —— and mine site and the transporta
Slide 14: Resource and Exploration Target
For personal use only • • 1 Indicated 11.1Mt at 1.32% TREO + 0.17% Nb O ; Inferred 2 5 7.7Mt at 0.88% TREO + 0.11% Nb2O5 2 The potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to estimate a Mineral Resource and it is uncertai
Slide 15: Peer comparison of TREO grade and tonnes
For personal use only 5.30 % 2.60 % 1.95 % 1.15 % 0.97 % 0.88 % 0.69 % 0.67 % TREO % 0.23 % 0.33 % 0.16 % 0.03 % NdPr % Lynas Arafura Hastings ASM Northern Minerals 2,926 1,456 1,077 662 384 266 TREO (kt) 120 216 90 43 62 3 NdPr (kt) Lynas Arafura ASM Hastings Northern Minerals
Slide 16: Port Wyndham Hydroelectric Powered Rare Earth Refinery
Port Wyndham - Hydroelectric Powered ~Rare Earth Refinery Orne Mixed Rare Earth Carbonate (MREC) Refinery itandard acid bake — water leach @/JMREC plant. >ocated in the east Kimberley region of Western Australia, it’s (Uenvisaged to build a hydroelectric owered rare earth refinery ourcing the renewa
Slide 17: For personal use only
For personal use only
Slide 18: Phosphate market and LFP batteries
For personal use only percentage of global marketshare of projected ARK forecast projected UBS forecast LFP batteries in 2021 for 2026 for 2030 August 2022 2045 2010 Rock demand: CRU Phosphate Rock: Arianne Phosphates corporate presentation, June 2022 Market share and forecast information: ARK & UBS
Slide 19: For personal use only
For personal use only
Slide 20: NdPr Enabling Decarbonisation
NdPr Enabling Decarbonisation of ou => e OnaFeB permanent magnet motors are crucialin @reducing greenhouse gas emissions as they are at (the heart of so many electric mobility solutio a - — Green, clean electric mobility solutions require” thical, sustainable, transparently produced Ender Lu | pgfso
Slide 21: Decarbonisation of our Society
Sustainable Decarbonisation of our Society oe Each electric vehicle contains of all automotive applications, including hydrogen vehicles, have selected a rare earth NdFeb permanent magnet electric motor for their default driveline solution.
Slide 22: For personal use only
For personal use only MD RareX * https://www.reuters.com/business/autos- transportation/exclusive-global-carmakers-now-target-515- billion-evs-batteries-2021-11-10/
Slide 23: For personal use only
For personal use only https://cleantechnica.com/2021/01/02/31-countries-states-and-cities-have-ice-bans-in-place/
Slide 24: EV market share and sales growth
For personal use only Plug-In Hybrids Battery Electric EV Market Share Internal Hybrid Fuel Cell Plug-in Battery electric Vehicles in % combustion hybrid Lynas annual output in 2021: 5,462 NdPr oxide 6750 71 % 3240 2276 2082 70 % 1263 75 % 69 % 792 543 208 321 67 % 125 64 % MD RareX YtY Growth +55 +
Slide 25: NdPr oxide price
For personal use only 2% 3% 9% 11 % 75 % NdPr Oxide domestic China RMB converted to USD Oct 22
Slide 26: Management team
For personal use only Guy has more than 15 years’ experience in technology metals, base metals and gold exploration. Guy has a Bachelor of Science from James Cook James is a Mining and University and is a Member of Damien is a Metallurgical Mechanical Engineer with a the Australian Institute of Engi
Slide 27: Board of directors
For personal use only Mr Hardcastle has over 10 years’ experience as a corporate and finance lawyer and extensive experience in corporate governance, risk Mr Young is a highly experienced management and compliance. He has geologist and was co-founder and been involved in a broad range of cross- exec
Slide 28: Western Australia
For personal use only Western Australia
Slide 29: For personal use only
For personal use only 7,y
Slide 30: Development timeline
& Pre-feasibility study. Advanced metallurgy. 2=sResource expansion. @DMining licence. © Environmentatreferratcomplete. = Offtake. )Orebody geochemistry definition. 2024 Definitive feasibility study. Finalised metallurgy. Orebody geometallurgy. Construction readiness. 2025 Construction. Operational
Slide 31: For personal use only
• • • • • • • • • For personal use only
Slide 32: Directors and contact details
For personal use only Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Oonagh Malone Unit 6, 94 Rokeby Road Subiaco Western Australia 6008 ABN 65 105 578 756 Telephone (08) 6383 6593 Email info@rarex.com.au
Slide 33: For personal use only
For personal use only
Slide 34: Upcoming Milestones And Key Catalysts
Upcoming Milestones And Key Catalysts ly Sustainable Rare Earths A B c A B c Initiation of PFS Initiation of advanced Initiation of renewable Metallurgical, geotechnical and _| Environmental and socio- Oxide separation facility metallurgical program hydro power purchase resource drilling program eco
Slide 35: Cummins Range project and resource
For personal use only A large rare earth – niobium – phosphate rich carbonatite deposit located in the Kimberley region of Western Australia Significant global Indicated and Inferred JORC Resource 11.1 1.34 0.17 830 7.7 0.88 0.11 540 High-grade tonnes to 18.8 1.15 0.14 711 Indicated Resource of 11.1
Slide 36: Drilling update
For personal use only • Drilling since April and completed over 15,000m • Drilling has confirmed the presence of 3 mineralised carbonatite dykes with associated large alteration systems • Within the dykes and in the surrounding altered wall rocks are coarse monazite, bastnasite and apatite producing
Slide 37: Next steps and exploration upside
For personal use only • Assay results will continue to flow to the end of the year • Updated resource in the first quarter of 2023 • 2023 exploration program will grow the resource and convert further tonnes into the indicated category • Large portions of the 2km pipe have not been explored with mul
Slide 38: Phosphate phoscorite drilling
For personal use only Phoscorite rocks identified over 600m of strike and outcropping. Recent drilling has extended the width of the zone to over 200m, highlighting opportunity for future. • Unique geology with coarse apatite rich phoscorite and later rare earths mineralised carbonatite veins. • Res
Slide 39: Phosphate growth and exploration targets
For personal use only • Great metallurgy results supports phosphate growth drilling • Phoscorite and rare earths mineralisation open in all directions and at depth • Large portions of the 2km pipe have not been explored with multiple phosphate intersections that have not been followed up • Several g
Slide 40: Sources and references
For personal use only https://www.investi.com.au/api/announcements/has/01aac https://asmd.irmau.com/site/PDF/9d1c747a-65d0-4b1a- 55.2 https://wcsecure.weblink.com.au/pdf/LYC/02434182.pdf 27.42 75.18 881-001.pdf 9ff0-9a931ee9b649/InvestorPresentation https://www.investi.com.au/api/announcements/has/0
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