Ann: RAREX PARTNERSHIP WITH NOBLE GROUP HOLDINGS TALAXIS, page-2

HIGHLIGHTS

• Talaxis, a specialist rare earths project developer, becomes strategic partner and shareholder of RareX
• Talaxis is a wholly-owned subsidiary of Noble Group Holdings Limited
• Noble Group Holdings is Asia’s leading independent energy products and industrial raw materials supply chain manager
• Noble Group Holdings operates in 50 countries with annual revenues in excess of US$2.5 billion1
• Cummins Range has a JORC 2012 Inferred Resource of 13.0Mt at 1.13% TREO hosted in a weathered carbonatite similar to the world-class Mt Weld deposit owned by Lynas Corporation
• Cummins Range has potential for high Neodymium and Praseodymium (NdPr) enrichment, two critical rare earth elements integral to the manufacture of EVs and wind turbines
• Talaxis to assist RareX in securing offtakes, supply chain associates and strategic partners to develop its 100% owned Cummins Range Rare Earths Project
• Partnership aligns with RareX’s low CAPEX strategy to produce a monazite rare earth concentrate for export to satisfy existing downstream processing capacity in China