Barkly Rare Earths Ltd. · ASX:BAK
Barkly Rare Earths — Investor Presentation (April 2026)
20 slides from Barkly Rare Earths's investor presentation, Apr 7, 2026
Slide 1: Delivering Scale – Investor Presentation April 2026
ASX: BAK Magnet Rare Earths For personal use only Delivering Scale Investor Presentation April 2026 ASX: BAK
Slide 2: Important Notices and Disclaimer
ASX: BAK IMPORTANT NOTICES AND DISCLAIMER Disclaimer the Company’s securities. In particular, these Presentation Presentation Materials, and neither the Company nor any of statements are provided as a general guide only and should This presentation (Presentation), together with any Materials do not
Slide 3: Disclosures
ASX: BAK DISCLOSURES Exploration Targets Competent Person’s Statement The references in these Presentation Materials to an The information in these Presentation Materials that Report, as Annexure A to the Prospectus, dated 1 Exploration Target should be read in conjunction with relates to Exploratio
Slide 4: Accelerating the Barkly Rare Earth Project
ASX: BAK Accelerating the Barkly Rare Earth Project • Commanding land position secured across an emerging rare earth region in the Northern Territory Tier 1 Jurisdiction • Strategically located in range of road, port and rail across 7 granted ELs over 5,000 km2 For personal use only • Inferred Miner
Slide 5: Experienced Board and Management
ASX: BAK Experienced Board and Management For personal use only Gavin Lockyer Craig Wright René Sterk Gavin Beer Matt Shackleton Richard Hall Executive Chairman Managing Director Non-Executive Director Non-Executive Director CFO & Company General Manager— BBus, FCA MSc MAusIMM MSc FAusIMM CP(Geo), B
Slide 6: Corporate Overview
ASX: BAK Corporate Overview Capitalisation Summary1 Share Price Graph BAK Share Price (A$) Volume (m) Share Price A$/share 0.205 $0.30 1.20 Shares on Issue #million 81.2 $0.25 1.00 Options on Issue #million 59.0 For personal use only $0.20 0.80 Performance Rights #million 8.1 $0.15 0.60 Market Capit
Slide 7: Right Attributes, Right Time
ASX: BAK Right Attributes, Right Time Mineral Hard Deposit-Type Typical Attributes Barkly Clay Sand Rock Location Tier 1 For personal use only Scalable and homogenous deposit High MREO/TREO1 ratio 34% ~20–25% — the market dominating rare earths Highly beneficiable2 Potential for by-products 3 Low ra
Slide 8: New Rare Earths Region
ASX: BAK New Rare Earths Region Barkly is located in a highly prospective province for rare earths, vanadium, and base metals in the Northern Territory, and is positioned to leverage existing infrastructure For personal use only Barkly is transected by State Route 16, allowing for efficient logistic
Slide 9: Superior Scale | Close to Surface
ASX: BAK Superior Scale | Close to Surface Inferred Mineral Resource 40 Mt @ 2,100 ppm TREO, including E 01 710 ppm MREO — high grade among regolith-hosted deposits1 280 W VAC031 Mineralisation is open in all directions and is hosted near- VAC005 270 For personal use only 02 surface, in a weathered,
Slide 10: Barkly Rare Earth Exploration Target
ASX: BAK Barkly Rare Earth Exploration Target 40 Mt Inferred Mineral Resource, located in two zones, with four 01 holes in between that suggest potential for lateral resource expansion between the two zones For personal use only Significant upside exploration to potentially develop new resources in
Slide 11: Drilling to Unlock Scale
ASX: BAK Drilling to Unlock Scale Barkly is situated in a paleo ocean embayment1. Conceptually, 01 there is no known geological impediment to mineralisation extending beyond the Immediate Zone Potential for widespread continuity of grade and thickness, due to the nature of seabed deposits, enables a
Slide 12: Leading MREO Ratio
ASX: BAK Leading MREO Ratio 1 Barkly has more of the right elements Barkly: 340 kilograms of contained For personal use only magnet rare earth oxides per tonne of rare earth oxide The Project is unique among its regolith-hosted resources peer group for the contained magnet rare rat o earths per tonn
Slide 13: Magnet Rare Earth Grade
ASX: BAK Magnet Rare Earth Grade Regolith-Hosted Mineral Resources For personal use only Barkly sets a benchmark for MREO contained per resource tonne among regolith-hosted resources Barkly’s consistently high MREO grade stapled to the potential for massive growth in tonnes1 spells opportunity 1. It
Slide 14: Buntine Base Metal Project - A Sleeper?
ASX: BAK Buntine Base Metal Project - A Sleeper ? t ostrat gra orre at on t rt r ro , ost to en ore’s t Zn-Pb-Ag McArthur River Mine 9+ km Outcropping Mineralisation Polymetallic mineralisation in outcropping Blue Hole For personal use only Formation and Campbell Springs Formation rocks over a 9-km
Slide 15: Activity Update & Upcoming News Flow
ASX: BAK Activity Update & Upcoming News Flow Successfully completed a fully underwritten oversubscribed A$ 8 million IPO Commenced an expanded metallurgical testwork programme1 using existing samples, focused on mineralogical characterisation and separation, building on prior sighter test results o
Slide 16: Investment Thesis
ASX: BAK Investment Thesis 01 Highly experienced technical and management team with performance equity that vests on clearing value accretive milestones 02 High-grade MREO Resource of 40 Mt @ 2,100 TREO, 34% MREO ratio with expansive resource growth potential Significant Exploration Target1 of 200–1
Slide 17: Contact
ASX: BAK ASX: BAK Contact Registered Address 13 Rheola Street West Perth WA 6005 For personal use only Phone +61 8 9386 0855 Email ir@barklyrareearths.com Craig Wright Managing Director Gavin Lockyer Executive Chairman Investor Hub www.barklyrareearths.com
Slide 18: Appendix: Barkly Rare Earth Mineralogy
ASX: BAK Appendix: Barkly Rare Earth Mineralogy For personal use only 01 The Barkly Project is a quartz sandstone regolith-hosted REE deposit Back-Scatter Electron (BSE) images of REE minerals show them to be predominantly overgrowths on rims of quartz grains, and intergrowths 02 with clay and quart
Slide 19: Appendix: Barkly Ancillary Opportunity
ASX: BAK Appendix: Barkly Ancillary Opportunity Vanadium Inferred Mineral Resource Vanadium in Rare Earth Resource Overburden Shallow vanadium deposit within the overburden of the Barkly rare earth deposit Vanadium metallurgical extraction rates of up to 94% achieved 01 For personal use only in sigh
Slide 20: Appendix: Peer Regolith-Hosted REE Mineral Resources
ASX: BAK Appendix: Peer Regolith-Hosted REE Mineral Resources MREO/ Stock Development TREO MREO Company Name Ticker Project Country Reporting Code Reporting Date Classification Tonnage (Mt) TREO ratio Source Exchange Stage (ppm) (ppm) (%) Measured 5.6 998 263 26.3 Indicated 41.6 856 225 26.3 ABx Gro
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