Brazilian Rare Earths (BRE) Australian Rare Earths & Critical Minerals Virtual Investor Conference summary

Key project highlights

• Discovered the highest grade rare earths deposit globally, Monte Alto, averaging 15% TREO.

• Deposit contains high levels of heavy rare earths (dysprosium, terbium) and valuable co-products like niobium, scandium, tantalum, and uranium.

• Over 4,000 sq km of tenements consolidated in northeastern Brazil, with 20+ discoveries in three years.

• Resource confidence is high, with measured and indicated levels achieved through extensive drilling.

• Ore is highly reactive to acid, enabling high extraction rates and lower processing costs.

Strategic partnerships and technical advantages

• Signed a technical partnership with Carester, a French rare earth separation specialist, to support downstream processing in Brazil.

• Carester partnership de-risks production by leveraging proven expertise and global plant experience.

• Building a pilot plant to validate extraction rates and scale-up processes, with ongoing knowledge transfer from Carester.

Infrastructure and location benefits

• Project is near the coast in a mining-friendly region with abundant infrastructure: power lines, gas pipelines, highways, and ports.

• Processing facility planned inside the Camaçari Petrochemical Complex, reducing OpEx and CapEx, and expediting permitting.

• Proximity to acid production and wastewater treatment further lowers costs and environmental impact.