American Rare Earths Ltd · ASX:ARR
American Rare Earths — Investor Presentation (October 2025)
11 slides from American Rare Earths's investor presentation, Oct 20, 2025
Slide 1: October 2025 Investor Presentation
For personal use only (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) October 2025 Investor Presentation A Wyoming Solution to Diversify and De-Risk the United States’ Upstream Rare Earths Supply Chain
Slide 2: Forward Looking Statements
Forward Looking Statements Disclaimers Competent Person Statement This presentation contains forward-looking statements This work was reviewed and approved for release by Mr Kelton Smith (Society of Mining Engineers that involve subjective judgement and analysis and #4227309RM) who is employed by Te
Slide 3: Investment Highlights
Investment Highlights World-Class Resource Scale and Grade 1 • Halleck Creek is a large, scalable deposit with a JORC resource estimate of 2.63 billion tonnes and grades of 3,292 ppm TREO For personal use only • Only a small portion of the total resource (>20%) has been included in current economic
Slide 4: Flagship Project Overview: Halleck Creek
Flagship Project Overview: Halleck Creek Project Overview Location Halleck Creek is a large, scalable resource with the potential to secure both the heavy and light rare earths needs for US industry, Montana For personal use only defense and innovation for +100-years. South Dakota ⚫ The Project depo
Slide 5: Halleck Creek is the United States' Long-Term Rare Earths Supply Solution
Halleck Creek is the United-State’s Long-Term Rare Earths Supply Solution Halleck Creek is the U.S’ long-term solution to Rare Earth Magnet Breakdown By Mass %3 diversify and de-risk its domestic rare earths mine-to- magnet supply chain. 1%, Boron For personal use only 29-32%, Light Rare Earths The
Slide 6: Flow-Sheet Development & Technical De-Risking
Flow-Sheet Development & Technical De-Risking Historically, producing allanite-based rare earths (i.e. Halleck Creek’s ore) has proven to be technically and economically challenging. However, ARR is well underway in developing a technically and economically viable flow-sheet based on 100% convention
Slide 7: Key Milestones & Catalysts
Key Milestones & Catalysts Feb 2025: Completed Separation & Mar 2024: Published Halleck Creek Scoping Concentration tests, Proving 10x ore upgrade Study at scale For personal use only May 2025: Groundwater monitoring wells Jun 2024: Received State of Wyoming installed, a key step in the CSM permit t
Slide 8: Resource Base & Growth Potential
Halleck Creek Resource Base & Growth Potential Mineral Resource Estimate – Jan 20251 Halleck Creek Resource Areas In addition to the Halleck Creek deposit’s immense size and potential For personal use only ability to support multi-generations of US domestic rare earths needs, the resource’s rare ear
Slide 9: Development & CSM Study Economics
Halleck Creek Development & CSM Study Economics ⚫ The Halleck Creek project to be developed in 2 separate and independent phases: ◼ Phase 1: The Cowboy State Mine, which is located on 100% Wyoming state land minerals – a strategic advantage for the project given the state’s streamlined permitting pr
Slide 10: Operating and Financial Profile
Halleck Creek Operating and Financial Profile CSM Operating Profile (3Mtpa Base Case) Production (kt NdPr Eq.) Cash Costs (US$ / kg NdPr Eq.) For personal use only 3.3 3.3 3.1 3.2 3.0 3.0 2.8 2.9 2.8 2.7 2.7 2.7 2.7 2.7 2.1 2.6 2.6 2.6 2.4 2.5 2.3 $50 $47 $44 $42 $40 $38 $38 $35 $37 $37 $37 $36 $35
Slide 11: American Rare Earths / Wyoming Rare USA
American Rare Earths / Wyoming Rare USA Richard Hudson Sten L. Gustafson Board Chair, ARR Non-Ex. Director & V. Chair, ARR ▪ +40 years of experience in corporate ▪ +25 years of experience in energy services and investment banking For personal use only governance & capital markets ▪ Previously served
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