Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

Quarterly Activities Report for the Period Ending 31 March 2024Highlights• Halleck Creek Scoping Study Technical Report compiled by Stantec consultingservices confirmed the project as a low cost, scalable, world class REE project1.• Breakthrough Metallurgical Results with Halleck Creek ore successfullypreconcentrated to 3.5% TREO at a 12:1 upgrade ratio2.• Increased Halleck Creek Resource Estimate by 64% to 2.34 billion tonnes at 3,196ppm TREO3.• ARR continued to advance the Halleck Creek Project License application for further exploration filed with Wyoming Department ofEnvironmental Qualityo Test mining preparation continued to advanceo Analytical metallurgical test work expedited• Raised A$13.5m at an issue price of A$0.30 per share, with strong support receivedfrom existing shareholders and new institutional investors.o Proceeds from the Placement, together with existing cash, will be used to fundthe continued development of the Company’s flagship Halleck Creek RareEarths Project.• Mr Richard Hudson appointed Non-Executive Chairman. QUOTE
Strong quarter , great deal achieved now time to build on this being well funded to complete the project development IMO