Ann: American Rare Earths - 1.43 Billion Tonne JORC Resource, page-8

Highlights• Total JORC Resource of 1.43 billion tonnes• Estimated 4.73 million tonnes of contained Total Rare Earth Oxides (TREO) in-situ• Mineralisation contains approximately 24% highly valuable magnetic rare earth elements• TREO average grade of 3,309 ppm• Significant upside potential with 75% of district yet to be drilled and deposit remaining openat depth• Deposit is from surface to at least 150 metres with consistent grades throughout making itideal for large scale, low-cost open pit mining• Environmentally friendly with low levels of penalty thorium and uranium elements

What a great moment for ARR this is the beginning of an exciting journey IMO.