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 Thursday October 30, 2025 The +securities to be quoted are: Total number of +securities to be quoted ASX +security code Security description Number of +securities to be quoted Issue date AR3 ORDINARY FULLY PAID 984,764 30/10/2025 Refer to next page for full details of the announcement +Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted 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 30/10/2025 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: 2.2 The +class of +securities to be quoted is: Additional +securities in a class that is already quoted on ASX ("existing class") +Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted 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 Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description AR3AY : OPTION EXPIRING 30-SEP-2029 EX NIL TO (Existing Class) ASX +security code and description AR3 : ORDINARY FULLY PAID Please state the number of options that were exercised or other +convertible securities that were converted 984,764 The first date the options were exercised or other +convertible securities were converted 30/10/2025 The last date the options were exercised or other +convertible securities were converted 30/10/2025 Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: The underlying +securities being received by the holder are: Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? Issue date 30/10/2025 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes No Yes Intended to be, but are not yet, quoted by ASX An issue of new +securities No Appendix 2A - Application for quotation of securities Appendix 2A - Application for quotation of securities 5 / 6 Issue details Number of +securities to be quoted 984,764 Are the +securities being issued for a cash consideration? Please describe the consideration being provided for the +securities Nil. Exercise of options provided to employees in partially in lieu of cash payments relating to FY25 STI. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.000000 Any other information the entity wishes to provide about the +securities to be quoted No No Appendix 2A - Application for quotation of securities Appendix 2A - Application for quotation of securities 6 / 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 220,104,376 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 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 19,966,707 AR3AU : OPTION EXPIRING 20-DEC-2026 EX $0.4710 1,500,000 AR3AY : OPTION EXPIRING 30-SEP-2029 EX NIL 408,404