Slide 1: Amendment to ASX Release
ASX ANOUNCEMENT ASX : AXL 9 April 2025 Amendment to ASX Release Axel REE Limited (ASX: AXL, “Axel” or “the Company”) wishes to advise of an amendment to the announcement titled “Tribeca Future Facing Commodities Conference Presentation” released on 2 April 2025 (Presentation). The following amendmen
Slide 2: Tribeca Future Facing Commodities Conference
For personal use only Caladão REE - Gallium Project - Brazil Nd Pr Dy Tb Ga TRIBECA FUTURE FACING COMMODITIES CONFERENCE April 2025 Neodymium Praseodymium Dysprosium Terbium Gallium
Slide 3: Disclaimers
Disclaimers These presentation materials and any accompanying verbal presentation (together, the Presentation Materials) have been or fairness of the information, opinions, forecasts, reports, estimates and conclusions contained in this document. No Limited prepared by Axel REE Limited (Company) as
Slide 4: Corporate Snapshot
Corporate Snapshot Board Low EV, strong cash balance Paul Dickson Non-Executive Chairman • More than 30 years’ experience in the finance services industry • Currently Non-Executive Chairman of Alligator Energy Limited (ASX:AGE) Founding Director at Paradigm Capital, a boutique corporate advisory fir
Slide 5: Axel REE Strategy Execution
Axel REE Strategy Execution Advanced exploration strategy at Caladão Project July 2024 October 2024 December 2024 January 2025 February 2025 March 2025 $13.3M ASX IPO High grade drill hits up High grade at surface 68% increase in Commenced Mineral Strategic government Commenced to 12,031ppm TREO at
Slide 6: Axel REE Value Proposition
Axel REE Value Proposition New Gallium discovery has the potential to become one of the few JORC-compliant Ga resources outside China Fully Funded $10.6M Unique REE + Gallium Discovery Executing IPO Strategy For personal use only Low risk, high upside At surface Gallium discovery in lateritic soil O
Slide 7: Key Government Partnerships
Key Government Partnerships MoUs signed to expedite project development Federation of Industries of Minas Gerais (FIEMG) Collaboration on the production of rare earth magnets – potential for Axel REE to supply REE raw materials for For personal use only production of rare earth magnets State Secreta
Slide 8: Corporate Snapshot: Caladão Project
Corporate Snapshot Caladão Project Low EV, strong cash balance District Scale REE + Gallium Discovery District Scale Discovery High Grade REE + Gallium 60km2 mineralised drilled area High grade Gallium discovered in (Area A + Area B) the lateritic soil profile at surface For personal use only 15% of
Slide 9: Caladão Project – Unique REE + Gallium Discovery
Caladão Project 1. Caladão Project – Area A Unique REE + Gallium Discovery Unique deposit profile with gallium mineralised in the surface lateritic soil profile For personal use only Whilst REE grade is increasing to depths up to ~80m, high grade Gallium is present predominately in the lateritic soi
Slide 10: High Grade, At Surface Gallium Discovery
Caladão Project – Area A 1. Caladão Project – Area A High Grade, At Surface Gallium Discovery • High grade at surface Gallium identified as a potential high value by-product • Mineralisation consistent over 35km2 drilled area in the lateritic soil profile from surface For personal use only • Gallium
Slide 11: Widespread and thick REE mineralisation over 35km2
Caladão Project – Area A 1. Caladão Project – Area A Widespread and thick REE mineralisation over 35km 2 • High grade mineralised REE drill intercepts over 35km2 near surface • Up to 80m thick zones in kaolinite clay • High value magnet rare earths (NdPr and DyTb) make up significant proportion with
Slide 12: High Value Magnet REE Profile
Caladão Project – Area A 1. Caladão Project – Area A High Value Magnet REE Profile $945 REE Critical for Permanent Magnets • High-Performance Magnets • Electric Vehicles (EVs) For personal use only • Aircraft $312 Light Rare Earths Heavy Rare Earths • Wind Turbines Caladão has a strong high value MR
Slide 13: The Gallium Opportunity
The Gallium Opportunity Rapidly Growing Supply Critical Metal Gallium Spot price USD 251,180 per tonne (27/3/2025) 1 Strategic Metal Recognised as a critical metal due to its role in high-tech industries (chips used in AI), solar energy, aerospace and For personal use only military defense applicati
Slide 14: Corporate Snapshot: Caldas Project
Corporate Snapshot Caldas Project Low EV, strong cash balance Poços De Caldas Alkaline Intrusive This unique Alkaline Complex hosts globally significant ionic adsorption clay (IAC) REE discoveries including Meteoric Resources NL and Viridis Mining & Minerals Limited Axel’s Caldas Project covers 232k
Slide 15: Company Summary
Company Summary Fully funded to fast track Caladão REE + Gallium discovery to Maiden JORC Resource Large project portfolio >1,000km2 For personal use only Fully funded $10.6M cash (at 31 Dec 2024) Executing IPO Strategy: over 4,000m drilled since IPO in July 2024 Caladão Project – unique surface REE
Slide 16: References
References References to previous announcements • AXL ASX release 14 February 2025, “Axel Signs Strategic MoUs with the MG State Government” • AXL ASX release 14 February 2025, “Mineral Resource Estimate and Metallurgy Testing to Commence” For personal use only • AXL ASX release 28 January 2025, “19
Slide 17: Contacts
For personal use only CONTACTS Fernando Tallarico – Managing Director fernando@axelreelimited.com.au Paul Dickson – Chairman Andrew Willis – Investor Relations pd@axelreelimited.com.au awillis@nwrcommunications.com.au 16