Announcement PDF 12 November 2025 Noosa Mining Conference Presentation Australian Rare Earths (ASX: AR3) is pleased to advise that Managing Director and Chief Executive Officer, Travis Beinke, will be presenting at the Noosa Mining Conference in Noosa, Queensland. Date: Wednesday 12 November 2025 Time: 3:30pm (AEDT) To watch online please register via this Link. For shareholders attending in person, management will be available at the AR3 booth during the conference. Alternatively please email hello@ar3.com.au if you would be interested in a 1on1 meeting with management at the event. A copy of the conference presentation is provided below. The announcement has been authorised for release by the Board of Australian Rare Earths Limited. For further information please contact: Australian Rare Earths Limited Media Enquiries Travis Beinke Jessica Fertig Managing Director and CEO Tau Media T: 1 300 646 100 E: info@taumedia.com.au Advancing the Koppamurra Rare Earths Project November 2025 ASX: AR3 Noosa Mining Conference Presentation Australian Rare Earths Presentation Corporate Presentation | November 2025 2 Disclaimer & Important Information Australian Rare Earths Limited (‘AR3’ of the ‘Company’) does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. The opinions and recommendations in this presentation are not intended to represent recommendations of uncertainties, to particular persons. This presentation does not constitute financial product advice. To the fullest extent permitted by law, the Company and its associates or any of its directors, agents, officers or employees do not make any representations or warranties, express or implied, as to the accuracy or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility or liability for any errors or omissions from this presentation arising out of negligence or otherwise is accepted. This document has been prepared as a summary only and does not contain all information about the Company’s assets and liabilities, financial position and prospects and the rights and liabilities attaching to the Company’s securities. This document should be read in conjunction with any other reports and information provided or released by the Company. Some of the statements contained in this presentation are forward-looking statements. Forward looking statements include but are not limited to, statements concerning estimates of expected costs, statements relating to the advancement of the Company’s investments and other statements which are not historical facts. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, such statements involve risk and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements include the potential that the Company’s projects may experience technical, geological, metallurgical and mechanical problems, changes in product prices and other risks not anticipated by the Company or disclosed in the Company’s published material. Competent Persons Statement The information in this report that relates to Exploration results and the Exploration Target is based on information compiled by Australian Rare Earths Limited and reviewed by Mr. Rick Pobjoy who is the Chief Technical Officer of the Company and a member of the Australian Institute of Mining and Metallurgy (AusIMM). Mr. Pobjoy has sufficient experience that is relevant to the style of mineralisation, the type of deposit under consideration and to the activities undertaken to qualify as a Competent person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Pobjoy consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. The Company confirms that it is not aware of any new information or data that materially affects the Mineral Resource estimate and Exploration Target information included in the relevant market announcement (ASX announcement dated 30 September 2024) and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement (ASX announcement dated 30 September 2024) continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement (ASX announcement dated 30 September 2024). The information in this report that relates to metallurgical results is based on information compiled by Australian Rare Earths Limited and reviewed by Mr. James Davidson who is the principal Metallurgist of Rendement and is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM). Mr. Davidson has sufficient experience that is relevant to the metallurgical testing which was undertaken to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Davidson consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. Information in this Presentation is Extracted from the ASX Announcements Titled: • “Assay results point to sedimentary hosted uranium targets on new Overland tenure” 7 November 2025; • “2025 drilling campaign completed at Overland Uranium Project” 30 October 2025; • “Koppamurra metallurgical test work progressing well” 29 July 2025; • “AR3 expands Overland Project to unlock newly identified Cu-Au targets and additional uranium prospects” 11 June 2025; • “Overland Project drilling identifies roll front uranium signature” 26 May 2025; • “Sheer Gold Farm-in Agreement moves to completion for tenement transfer” 24 April 2025; • “AR3 confirms near surface Uranium discovery at overland” 19 March 2025; • “Overland Progress Update” released 21 January 2025; • “AR3 awarded $5M Federal Government grant for Koppamurra Project” released 6 December 2024; • “AR3 expands Overland Uranium Project with strategic farm-in agreement” released 19 November 2024; • “Significant Resource Expansion at Koppamurra” released 30 September 2024; • “AR3 progresses Uranium strategy with Exploration License Application at Hamilton Creek” released 23 July 2024; • “AR3 Advances Uranium Exploration with New License Application at Triggs Bore” released 16 July 2024; and • “Flowsheet Update for Koppamurra Outlines Low Capital Development Pathway” released 2 April 2024. All announcements are available on www.ar3.com.au. Advancing a multi-generational Rare Earths province and unlocking exploration potential at Overland Corporate Presentation | November 2025 3 Koppamurra: • Large ionic clay resource with significant mine life expansion potential • Alternate supply of rare earths with high component of strategically important heavy rare earths (1:7 ratio) • A simple process with favourable capex profile, lower technical risk and environmentally sustainable • Time-to-market edge • Government-backed with $5m Australian government grant funding Exploration: • Large-scale exploration position in a frontier uranium region with Cu- Au potential in basement rocks complementing strong ISR-amenable uranium discovery potential at Overland • Expansive exploration portfolio of projects across South Australia and Queensland • Experienced team with proven capabilities in asset acquisition, exploration and development Massie Creek Oaky Valley Sandy Tate Forty Mile Scrub Dalrymple Overland Koppamurra Rare Earths Uranium Triggs Bore Hamilton Creek Copper - Gold Team and Corporate Snapshot Corporate Presentation | November 2025 4 Experienced team and strong backing Experienced company director in compliance, governance and risk over 30 years in resources sector. Over 30 years of professional experience, including at top-tier global investment banks and as a senior adviser to Australian Government Ministers in key economic portfolios. Over 20 years’ experience with both Australian and internationally listed resource companies. Geologist with more 25 years’ experience in the mining and minerals exploration industry. Travis Beinke Managing Director & CEO Rick Pobjoy Chief Technical Officer & Co- Founder of AR3 Pauline Carr Independent Non-executive Director Angus Barker Independent Chairman 1 Options outstanding as at 7 November 2025. If the Shares of the Company close at or above $0.15 for twenty (20) consecutive trading days on the ASX (condition satisfied 3 November 2025), then the Company may, in its absolute discretion, elect to accelerate the expiry date of the Options by issuing a news release announcing the accelerated Option term, pursuant to which the Options will expire on the 30th calendar day after the date of such news release. 2 Excludes an additional 10.1m options ranging from $0.37 to $0.50. 3 Balance of $5m International Partnerships in Critical Minerals matched grant funding to be received during 2026. Capital Structure ASX ticker: AR3 Share Price (7 November 2025) $0.265 Shares on issue 220.6m Options @ $0.10 expiring 30 March 20291,2 19.5m Market Capitalisation $58.5m Liquidity Cash (30 September 2025) $4.10m Grant funds to be received (2025/26)3 $3.25m Available Funding $7.35m Distribution of shareholders Directors, Management & Co-Founders 19% NEO Performance Materials 2% Acorn Capital 9% Other 70% 0m 2m 4m 6m 8m 10m 12m 14m 0 0.05 0.1 0.15 0.2 0.25 0.3 0.35 0.4 May 25 Jun 25 Jul 25 Aug 25 Sep 25 Oct 25 Nov 25 Volume (RHS) Close (LHS) 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 Other Industrial Consumer General Automotive Wind Advanced Air Mobility Robotics EV Motors • US and Australian government announced historic investment in critical minerals including US$1b per country to unlock an US$8.5b pipeline of projects • Pending US s.232 investigation into Critical Minerals including Rare Earths likely to be an important price signal event • Australian Government Critical Minerals Strategic Reserve expected to be underpinned with national offtake • US, EU, Japan, and Korea prioritising magnet REE supply with direct funding and stockpiling programs • European Union stated 2030 targets: 10% extraction, 40% processing, 25% recycling, and ≤65% from any single third country Corporate Presentation | November 2025 5 Strong Demand Fundamentals Government initiatives shaping rare earths industry Forecasted demand for magnet rare earth oxides (Tonnes) Source: Adamas Intelligence Koppamurra Overview A near term heavy and light Rare Earths supply option and Australia’s most advanced rare earths ionic clay project Corporate Presentation | November 2025 6 Corporate Presentation | November 2025 7 Koppamurra Resource Areas and Categories 0 50 100 150 200 250 Apr-21 Jul-22 Mar-23 Sep-23 Sep-24 Inferred Indicated Measured Koppamurra Resource Growth1 Million Tonnes 1 Mineral Resource estimate of 236Mt at 748ppm, comprises of 0.7Mt at 813ppm Measured, 112Mt at 750ppm Indicated and 123Mt at 747ppm Inferred TREO (refer to appendix for additional detail) December 2024 AR3 was awarded $5m Australian Government grant supporting: • Metallurgical test work • Completion of a Pre-Feasibility Study (PFS) • Submission of an initial Mining Lease Application • Building/operating demonstration plant Australia’s most advanced rare earths ionic clay project Multi-generation resource potential: • Mineral Resource Estimate: 236Mt @ 748ppm TREO1 ; Includes higher-grade subset of 68Mt grading over 1000ppm • Significant resource growth potential • Valuable Magnet Rare Earths ~25% of TREO1 including strategically valuable heavy REE’s • Dysprosium & Terbium ~3% with Neodymium & Praseodymium ~22% (~1:7 heavy : light ratio) Established Regional Infrastructure and Favourable Location Corporate Presentation | November 2025 8 Location and Jurisdiction ~300km SE of Adelaide, in South Australia and Victoria Australia: Low political risk; South Australia: Pro-mining state Access – Road and Port Within 8km of main highway with established road to site Shipping via the Port of Adelaide ~380km from the project site (Or Portland) Workforce and Supporting Infrastructure Access to skilled workforce regionally Drive in workforce with no requirement for camp or airstrip due to project location Water and Power Recycling of water within the process flow sheet will provide for a low water consumption project; water to be sourced from local aquifer Either onsite solution or connection to existing infrastructure Scale/Size 7,400sqm Ownership 100% Offtake NEO (Non-binding MOU for 50% offtake of stage 1) Commodity Valuable Magnet Rare Earth ~25% of TREO with all four key REEs present including strategically valuable heavy REE’s Dysprosium & Terbium ~3% Sustainable Development Pathway Corporate Presentation | November 2025 9 A simple process with low technical risks and environmentally sustainable KOPPAMURRA CONCEPTUAL PROJECT FLOW SHEET • Progressive Heap Leach and Rapid Rehabilitation • Scalable and efficient with staged satellite developments • Less water and energy usage • Favorable capex and lower technical risk • Enables rapid, progressive land rehabilitation  No requirement for drill and blast  Conventional load and haul with excavators and trucks  Planning for contract mining fleet  Processed ore and overburden material progressively backfilled into mined pits  No tailings dam storage required Corporate Presentation | November 2025 10 Provides flexibility for a high-grade targeted approach with progressive, rapid rehabilitation Simple and Low-Cost Mining Method Successful Bulk Sample Pit and Rehabilitation Program Apr 2022 Sep 2022 Aug 2024 Overland Overview A strategic portfolio addition now expanded to 8,000km2 11 Overland Uranium Project: Overview Corporate Presentation | November 2025 12 Location South Australia,~200km south of Honeymoon Mine Scale/Size ~8,000km2 Ownership ~7,00km2 100% and ~1,000km2 (EL6678) 100% sedimentary hosted uranium rights Commodity Uranium, Copper, Gold Stage Greenfields exploration targeting In-Situ Recovery (ISR) amenable and near surface calcrete-hosted uranium deposits Drilling 2025 Drill program completed with ISR-amenable uranium target defined in north-western region of EL7001 Results Recent assay results confirm strong uranium intercepts consistent with down-hole gamma and in-field pXRF readings, including 2m at 87ppm U₃O₈ from 69m (OV100) and 1m at 213ppm from 73m (OV105). Follow-up infill drilling around OV105 and OV128 has identified a permeable sand horizon with elevated uranium values in sand and lignite units, reinforcing the continuity and potential for ISR-amenable mineralisation. Growth Potential Frontier uranium region, limited prior exploration Geology and assay data review underway for follow up targeting and testing for 2026 drilling program Cu-Au potential in basement rocks complementing ongoing sedimentary hosted uranium exploration Overland Project Area Summary and Next Steps 13 Summary and Next Steps Corporate Presentation | November 2025 14 Mixed Rare Earth Carbonate (MREC) Test Work Results Approval of Regulatory Scoping Report Pre-Feasibility Study Demonstration Plant Mining Lease Application submission Advance Customer and Funding arrangements Commence Definitive Feasibility Study Advance Overland Exploration We continue to progress our Koppamurra Project while advancing exploration at Overland with a clear plan and next steps as management execute against strategy. 2025 2026 1 4 5 6 7 8 3 2 Investment Highlights Corporate Presentation | November 2025 15 1 Large ionic clay resource underpinning initial production with significant mine life expansion potential Ex-China supply of rare earths with a high component of the strategically important heavies (1:7 ratio) Located in strong ally jurisdiction and progressing with Australian Government grant support A simple process with favourable capex profile, lower technical risk and environmentally sustainable Delivering an alternate supply of light and heavy rare earths critical for establishing a western supply chain with a time-to-market edge 2 3 4 5 6 Pipeline of active exploration projects with significant discovery potential Appendices Exploration Portfolio Mineral Resource Estimate Corporate Presentation | November 2025 16 Koppamurra: Mineral Resource and Exploration Target Corporate Presentation | November 2025 17 Magnet Rare Earths JORC Tonnes TREO Pr6O11 Nd2O3 Tb4O7 Dy2O3 Category Mt ppm ppm % TREO ppm % TREO ppm % TREO ppm % TREO Measured 0.7 813 37 4.6 140 17.3 3.8 0.5 21 2.6 Indicated 112 750 34 4.6 132 17.6 3.6 0.5 20 2.7 Inferred 123 747 35 4.6 132 17.6 3.4 0.5 19 2.6 Total 236 748 35 4.6 132 17.6 3.5 0.5 20 2.6 Koppamurra Resource Areas and Categories Koppamurra Mineral Resource Estimate – September 2024 Koppamurra Exploration Target – September 2024 Magnet Rare Earths Tonnes TREO Pr6O11 Nd2O3 Tb4O7 Dy2O3 Category Mt ppm ppm % TREO ppm % TREO ppm % TREO ppm % TREO Exploration Target Total 500- 3,200 520 - 780 20-40 3.8-5.1 90-140 17-18 3-4 0.5– 0.6 10-20 1.9-2.6 The potential quantity and grade of the Exploration Target is conceptual in nature, as there has been insufficient exploration undertaken to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. 0 50 100 150 200 250 Apr-21 Jul-22 Mar-23 Sep-23 Sep-24 Inferred Indicated Measured Koppamurra Resource Growth Million Tonnes Rare Earths: Kennedy Queensland 18 Project Name Kennedy Province Location Queensland Scale/Size ~1,100km2 Ownership 100% Commodity REE Stage Exploration Next steps On-ground exploration assessment Corporate Presentation | November 2025 Rare Earths: Dalrymple Queensland 19 Project Name Dalrymple Location Queensland Scale/Size ~1,200km2 Ownership 100% Commodity REE Stage Exploration Next steps On-ground exploration assessment Corporate Presentation | November 2025 Uranium: Triggs Bore South Australia Corporate Presentation | November 2025 20 Project Name Triggs Bore Location Callabonna Sub-basin Scale/Size ~250km2 Ownership 100% Commodity Uranium Stage Exploration Potential Indications of uranium mineralisation previously discovered in 2011 but remain untested. Triggs Bore is hosted within the Eyre Formation sediments, a known uranium-bearing formation, also host to nearby Four Mile, Beverley and Honeymoon uranium deposits. Uranium: Hamilton Creek South Australia Corporate Presentation | November 2025 21 Project Name Hamilton Creek Location Callabonna Sub-basin Scale/Size ~200km2 Ownership 100% Commodity Uranium Stage Exploration Potential Indications of anomalous uranium mineralisation from historic reporting. Hamilton Creek is hosted within the Namba Formation sediments, same formation as the nearby Beverley uranium deposit. Securing Australia’s Energy Transition Metals for a Sustainable Future Corporate Presentation | November 2025 22 Contact us Travis Beinke, Managing Director & CEO +1 300 646 100 Investor Relations Tau Media Jessica Fertig +61 408 855 855 jessica@taumedia.com.au Scan the QR code to access our Investor Hub