Slide 1: Rare Earths
RareX RE 57-71 Rare Earths For personal use only Magnets Cummins Range Project Strong Internal Team Magnet RE and Battery P Exploration, Engineering, BD James Durrant ASX: REE March 2024 rarex.com.au
Slide 2: Disclaimer & Competent Persons' Statements
Disclaimer & Competent Persons’ Statements For personal use only Investor Relations This presentation contains summary information about RareX Limited (REE) and is current as of 26 March 2024 and is authorised for release by the Board. The information in this Competent Person’s Statement - Geology:
Slide 3: Drivers Behind RareX
Drivers Behind RareX Fundamental Belief in the Electrification of Things and the Green Energy Revolution Global net-zero ambitions Massive EV and wind “If you believe in an increasingly digital world using For personal use only turbine investments clean energy – then you have to believe in the growt
Slide 4: Corporate Snapshot
Corporate Snapshot Leveraged to: Rare earth price improvement Increasing portfolio project definition Growing value of investments For personal use only Capital Structure Shareholders ASX Code REE Share Price (22.03.2024) A$0.017 Top 50 Shareholders ~37% Shares on Issue 683M Number of Sharehol
Slide 5: RareX Value Proposition
RareX Value Proposition Maximum exposure to a return in the sentiment 1 2 3 For personal use only Cummins Range Project Team able to discover, engineer, Magnet RE and Battery P approve, fund and deliver Australia’s largest undeveloped rare Australia Action orientated board earths project Red Drago
Slide 6: Cummins Range Project
Cummins Range For personal use only Project Critical Minerals for the Electric “Cummins Range offers a poetic Revolution 57-71 15 discovery beyond rare earths, in RE P complementary phosphate for the LFP battery sector – a sector growing from $10 billion in 2021 * https://www.fortunebusinessinsights
Slide 7: 2024 JORC Resource
2024 JORC Resource 44Mt @ 1.0% TREO core + P2O5 In total: Australia’s largest undeveloped rare earths project Total of 524.3Mt @ 4.6% P2O5, 0.31% TREO 1.6M tonnes contained TREO; 24Mt contained phosphate For personal use only Comparable resource to peer group and growing: Australia’s 3rd large
Slide 8: Cummins Range Flagship Snapshot
Offtake – Rare Earths Offtake - Phosphate Pending product samples MOU complete Cummins Range Flagship Snapshot Bulk Loading Facility Infrastructure sharing Term Sheet 4 Ha strategic industrial land Wyndham Held under Option Port Financial Asia-Pacific offtake focus Multiple monazite refineri
Slide 9: Favourable Project Metrics
Favourable Project Metrics Total LOM Production Forecasts Radionuclides Comparison 40 3.5% 2,373 2,400 U, ppm Radionuclide Level, ppm 32 2.9% 2.8% 2,000 Th, ppm 31.7 Total Forecast Production, Mt For personal use only 29.5 1,600 24 2.1% TREO Grade, % 20.9 1,200 16 18.9 1.4% 800 659 0.9% 0.9% 527 8 0
Slide 10: Developing Cummins Range into a Critical Minerals Mine
Developing Cummins Range into a Critical Minerals Mine YEAR* 2023 2024 H1 2024 H2 2025 2026 For personal use only Grade Orebody Knowledge MRE update Offtake specific Met Geotech Reserves Grade control definition Term sheets & strategic Offtake Offtake MOUs partnerships Construction & Supply Chain MO
Slide 11: Defining the best exploration projects in the current portfolio
For personal use only Defining the best exploration projects Portfolio growth in known jurisdiction Ensuring maximum exposure to the in the current portfolio: Red Dragon proximal to N-American supply chains emerging mining sector of Saudi
Slide 12: Red Dragon, Eastern Yilgarn
Red Dragon, Eastern Yilgarn Multiple Surface Rare Earth Anomalies with Large Magmatic Intrusion To Test Rationale Exploration Plan For personal use only A massive anomaly in an interesting Find another Mt Weld in the Yilgarn area within our control or a new Olympic Dam Located 130km south-west of
Slide 13: Goldray Carbonatite Project
Goldray Carbonatite Project New To The Portfolio Ontario and Quebec – Tier 1 provinces of choice Ontario Argor Carbonatite (NioBay Metals) Multiple undervalued, advanced target projects proximal to infrastructure 63Mt @ 0.52% Nb2O5 Domestic and regional support for critical minerals For personal
Slide 14: KSA – Emerging Minerals and Mining Powerhouse
KSA – Emerging Minerals and Mining Powerhouse Rationale for Saudi Progress so far Geology Geology For personal use only Under explored Arabian Shield Digitising, interrogating and Tier 1 critical mineral potential interpreting 60 years of 1 US$2.5T in mineral potential exploration reports
Slide 15: In-house Team To Deliver
For personal use only In-house Team To Deliver
Slide 16: A Board Of Company-Building Directors
A Board Of Company-Building Directors Danny Goeman John Young For personal use only Non-Executive Director Non-Executive Director Offtake, Marketing, Geology, Development, Shipping Growth Ex FMG director of sales and Co-founder and executive director of marketing and advisor to the CEO, successful A
Slide 17: Strong In-House Capability
Strong In-House Capability Explore, Engineer, Develop James Durrant Competencies Chief Executive Officer Exploration Resource modelling For personal use only Mining and Mechanical Mine Scheduling Engineer with nearly 20 years across Tier 1 operations and Metallurgy junior company project P
Slide 18: Investor Milestones 2024
Investor Milestones 2024 Using in-house capability to efficiently run parallel, synergistic projects Cummins Range For personal use only Focussing on offtake as a catalyst to final definition and development Mining Heritage agreement Red Dragon (Priority) Goldray complex Early mover in emerging
Slide 19: Board of Directors
Board of Directors Jeremy Robinson – Non-Executive Chairman John Young – Non-Executive Director Danny Goeman – Non-Executive Director For personal use only Shaun Hardcastle – Non-Executive Director Cameron Henry – Non-Executive Director Company Secretary Oonagh Malone Chief Executive Officer James D
Slide 20: References
For personal use only References
Slide 21: List Of Sources For Grade And Resource Graphs
List Of Sources For Grade And Resource Graphs Resource Source of data Source of data Source of data Source of data For personal use only Measured Resource, Mt 0 https://investors.rarex.com.au/announcements/6173995 5 https://wcsecure.weblink.com.au/pdf/ARU/02651944.pdf 43 https://asm-au.com/dubbo-pro
Slide 22: List Of Sources For Production Forecasts And Grade, Economics And Radionuclides
List Of Sources For Production Forecasts And Grade, Economics And Radionuclides Parameter Source of data Source of data Source of data For personal use only Total LOM Production Forecast https://www.investi.com.au/api/announcements/has/befee282- Tonnage, Mt 31.7 https://investors.rarex.com.au/announ