HIGHLIGHTS

Aspirational Targets

• Operations commencing 2021

• Maximum total construction cost to produce rare earth carbonate of A$20M

• Aim for the production of a minimum of 5,000t contained REO by 2025

World class REO Development Team –ex Lynas Corporation Ltd

• Managing Director: Geoff Atkins -ex LynasCorporate Development

• Chief Operating Officer: Tony Hadley -ex Lynasand Northern Minerals Operation Manager

2 World Class Rare Earth projects

• Nechalacho(Canada): 95mt at 1.46% TREO

• WiguHill (Tanzania): 3.3mt at 2.6% TREO

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