QUARTERLY REPORT FOR THE PERIOD ENDING 31 DECEMBER 2020 HIGHLIGHTS • Record Quarterly Sales Revenue of A$119.4m (Q1 FY21: A$87.3m) • Production in line with guidance: o NdPr Production: 1367 tonnes (Q1FY21: 1342 tonnes) • Cash conversion within the quarter was low o Reduced shipping schedules and delayed sailings (due to COVID-19) skewed sales to late in the quarter o Closing cash balance: A$512.6m (Q1 FY21: A$522.0) • Progress on Kalgoorlie project continued including placing orders for key process equipment • Exploration at Mt Weld identified potential REE mineralisation below the current Mt Weld Rare Earths pit (announced 26 November 2020)
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