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Australian Rare Earths Ltd

Exploration License Application: South Australian Exploration License Application (ELA) 2024/00045 has been submitted, adding ~200km2 of prospective tenure targeting uranium mineralisation within the Callabonna Sub-basin.

Untested Uranium Potential: Includes the Hamilton Creek Prospect, where strong indications of uranium mineralisation have been identified from historic borehole gamma logging worthy of  follow-up.

Namba Formation Sediments: Anomalous gamma responses in the upper Namba formation, a known uranium-bearing formation hosting the nearby Beverly uranium deposit located less than 50 Km from the Hamilton Creek Prospect.

Rapidly Growing Uranium Portfolio- The Hamilton Creek ELA adds to the Company’s uranium portfolio, now totaling ~3,400km2 when combined with the Overland and Triggs Bore projects (see AR3 ASX Announcements7 May 2024 and  16 July 2024).

Fast-tracked Exploration: On-ground exploration will occur  once the EL is granted, with planning for specific work programs already underway.