Ann: Quarterly Activities Report and Appendix 5B, page-2

Join the dots ..... GLTAH

• Final rare earth separation pilot program commences at ANSTO
• Strategic agreement reached with USA Rare Earth LLC for value add and separation of heavy rare earths from SEG-HRE carbonate product
• MOU with Source Certain International to apply its provenance verification and traceability technology to Nolans products
• Sales and offtake discussions advance with customer engagement in Japan, Europe, South Korea and China. Meetings scheduled in Q1 CY2020 and expanded to include US contacts
• Australian Government establishes the Critical Minerals Facilitation Office to promote growth of Australia’s critical minerals sector and co-ordinate funding activities through NAIF and EFA
• EFA to access funding through the Defence Export Facility
• Japan’s industry ministry secures US$423 million to diversify supplies of critical materials including rare earths
• Engagement with debt advisory groups and export credit agencies underway with key groups in Japan, Germany, the USA and Australia
• Q1 CY2020 targeted for completion of agreement with Talaxis Ltd encompassing strategic equity investment strategy, product offtake and market engagement