Project Number: 50

Deposit Number: 44

Location: Southeastern South Australia and Western Victoria

Resource (*10^4 t, REO, Total): 6.3585

Grade (wt. %): 0.0785

Pr6O11: 4.41

Nd2O3: 17.19

Tb4O7: 0.48

Dy2O3: 2.65

HREE Percentage: 3.13

REE Pattern Reference: Australian rare earths' Investor Presentation, 2021, 11

Project and Status Reference: Australian Rare Earth LTD., Corporate Presentation July 2021

Deposit Type Reference: Australian Rare Earth LTD., Corporate Presentation July 2021

Resource and Grade Reference: Australian Rare Earth LTD., Koppamurra emerges as a globally significant critical rare earths project with 104% increase in Mineral Resource, 2022, https://ar3.com.au/4-7-22-104-increase-in-mineral-resource-at-koppamurra-project/