Brazilian Rare Earths (BRE) Corporate Presentation summary

Investment highlights and project overview

• Multiple ultra high-grade discoveries of rare earths, niobium, uranium, tantalum, and scandium across a province-scale area exceeding 1,000 times the Monte Alto project size.

• Monte Alto project features up to 45.7% TREO, significant NdPr, DyTb, niobium, scandium, tantalum, and uranium grades.

• Net cash of ~A$82 million as of December 2024, fully funding exploration and feasibility through 2026.

• Located in Bahia, Brazil, with world-class infrastructure, skilled labor, and proximity to ports, rail, and petrochemical complexes.

• Strong government support and favorable regulatory environment for critical minerals.

Province and project scale opportunity

• Monte Alto district offers 10km of highly prospective corridors with intense magnetic anomalies and high-grade monazite sands.

• Multiple discoveries: Monte Alto, Velhinhas, Pelé, and Sulista, with grades up to 45.7% TREO and significant scale extensions.

• Exploration extends across a 160km mineralized trendline, with new high-confidence targets and ongoing drilling at Velhinhas, Pelé, and Sulista.

• Provincial discoveries now span an area over 75 times the size of Monte Alto.

Metallurgy, processing, and co-products

• Metallurgical tests show up to 94% TREO extraction (including 94% NdPr, 92% DyTb) using mild acid leaching, reducing capital intensity.

• Monte Alto features free-dig, high-grade monazite sands at surface and stacked mineralized horizons at depth.

• Scoping study covers downstream production of rare earth oxides and co-products, including uranium, niobium, tantalum, and scandium.

• Next steps include production of mixed rare earth carbonate and optimization of co-product recovery.