Announcement PDF Appendix 3H - Notification of cessation of securities Announcement Summary Entity name AUSTRALIAN RARE EARTHS LIMITED Announcement Type New announcement Date of this announcement Tuesday July 29, 2025 Details of +securities that have ceased ASX +security code AR3AF Security description OPTION EXPIRING 29-JUL-2025 EX $0.5971 Number of +securities that have ceased 2,000,000 The +securities have ceased due to Date of cessation Expiry of option or other convertible security without exercise or conversion 29/07/2025 Refer to next page for full details of the announcement Appendix 3H - Notification of cessation of securities 1/4 Appendix 3H - Notification of cessation of securities Part 1 - Announcement Details 1.1 Name of +Entity AUSTRALIAN RARE EARTHS LIMITED We (the entity named above) provide the following information about our issued capital. 1.2 Registered Number Type Registration Number ACN 632645302 1.3 ASX issuer code AR3 1.4 The announcement is New announcement 1.5 Date of this announcement 29/7/2025 Appendix 3H - Notification of cessation of securities 2/4 Appendix 3H - Notification of cessation of securities Part 2 - Details of +equity securities or +debt securities that have ceased ASX +Security Code and Description AR3AF : OPTION EXPIRING 29-JUL-2025 EX $0.5971 Unquoted +equity securities that have ceased Number of securities that have ceased 2,000,000 Reason for cessation Expiry of option or other convertible security without exercise or conversion Date of cessation 29/7/2025 Is the entity paying any consideration for the cessation? No Any other information the entity wishes to notify to ASX about the cessation? Appendix 3H - Notification of cessation of securities 3/4 Appendix 3H - Notification of cessation of securities Part 3 - Issued capital following changes Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise: The figures in parts 3.1 and 3.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing. 3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX) ASX +security code and description AR3 : ORDINARY FULLY PAID Total number of +securities on issue 212,024,130 3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX) ASX +security code and description Total number of +securities on issue AR3AV : PERFORMANCE RIGHTS 15,427,431 AR3AM : OPTION EXPIRING 02-DEC-2025 EX $0.4971 1,750,000 AR3AN : OPTION EXPIRING 02-DEC-2026 EX $0.4971 1,550,000 AR3AO : OPTION EXPIRING 28-FEB-2026 EX $0.4671 500,000 AR3AR : OPTION EXPIRING 26-NOV-2027 EX $0.4321 1,808,333 AR3AS : OPTION EXPIRING 26-NOV-2026 EX $0.3671 1,500,000 AR3AT : OPTION EXPIRING 26-NOV-2026 EX $0.4971 1,500,000 AR3AX : OPTION EXPIRING 30-MAR-2029 EX $0.10 27,062,189 AR3AU : OPTION EXPIRING 20-DEC-2026 EX $0.4710 1,500,000 AR3AF : OPTION EXPIRING 29-JUL-2025 EX $0.5971 0 Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form. Appendix 3H - Notification of cessation of securities 4/4