Announcement PDF Appendix 2A - Application for quotation of securities Appendix 2A - Application for quotation of securities 1 / 6 Announcement Summary Entity name AUSTRALIAN RARE EARTHS LIMITED Announcement Type New announcement Date of this announcement Monday October 12, 2026 The +securities to be quoted are: Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue. This offer is a personal offer for the purposes and may only be accepted by the Offeree. The Company intends to rely on the small scale personal offer exemption in s 708(1). Total number of +securities to be quoted ASX +security code Security description Number of +securities to be quoted Issue date AR3 ORDINARY FULLY PAID 30,000 12/10/2026 Refer to next page for full details of the announcement Other Appendix 2A - Application for quotation of securities Appendix 2A - Application for quotation of securities 2 / 6 Part 1 - Entity and announcement details 1.1 Name of entity AUSTRALIAN RARE EARTHS LIMITED We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules. 1.2 Registered number type ACN Registration number 632645302 1.3 ASX issuer code AR3 1.4 The announcement is 1.5 Date of this announcement 12/10/2026 New announcement Appendix 2A - Application for quotation of securities Appendix 2A - Application for quotation of securities 3 / 6 Part 2 - Type of Issue 2.1 The +securities to be quoted are: Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue. 2.2 The +class of +securities to be quoted is: 2.3c Have these +securities been offered under a +disclosure document or +PDS? 2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B This offer is a personal offer for the purposes and may only be accepted by the Offeree. The Company intends to rely on the small scale personal offer exemption in s 708(1). 2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) No Additional +securities in a class that is already quoted on ASX ("existing class") Other Appendix 2A - Application for quotation of securities Appendix 2A - Application for quotation of securities 4 / 6 Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B Additional +securities to be quoted in an existing class ASX +security code and description AR3 : ORDINARY FULLY PAID Issue date 12/10/2026 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Issue details Number of +securities to be quoted 30,000 Are the +securities being issued for a cash consideration? Please describe the consideration being provided for the +securities nil Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.096000 Any other information the entity wishes to provide about the +securities to be quoted The purpose(s) for which the entity is issuing the securities To pay for services rendered Please provide additional details In satisfaction of a commercial arrangement No Yes Appendix 2A - Application for quotation of securities Appendix 2A - Application for quotation of securities 5 / 6 Part 4 - Issued capital following quotation Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise: The figures in parts 4.1 and 4.2 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. 4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application) ASX +security code and description Total number of +securities on issue AR3 : ORDINARY FULLY PAID 256,909,776 4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description Total number of +securities on issue AR3AV : PERFORMANCE RIGHTS 33,058,179 AR3AAB : OPTION EXPIRING 21-APR-2029 EX $0.2775 18,189,194 AR3AN : OPTION EXPIRING 02-DEC-2026 EX $0.4971 1,550,000 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 AR3AZ : OPTION EXPIRING 26-NOV-2028 EX $0.325 3,000,000 AR3AX : OPTION EXPIRING 30-MAR-2029 EX $0.10 15,569,695 AR3AU : OPTION EXPIRING 20-DEC-2026 EX $0.4710 1,500,000 AR3AA : OPTION EXPIRING 29-JUL-2030 EX NIL 603,950 AR3AY : OPTION EXPIRING 30-SEP-2029 EX NIL 1,062,894 Appendix 2A - Application for quotation of securities Appendix 2A - Application for quotation of securities 6 / 6 Part 5 - Other Listing Rule requirements 5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? 5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 30000 5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? N/A Yes No No