# LYC: Lynas Rare Earths to Acquire Meteoric Resources Presentation Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146970 Publisher: asx Original announcement: 2026-09-30T22:39:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T23:08:06.883Z Atlas analysis updated: 2026-09-30T23:08:06.883Z - Company: Lynas Rare Earths - Ticker: LYC - Exchange: ASX - Region: Minas Gerais, Brazil - Primary commodity: Rare earths - Secondary commodities: Pr6o11, Nd2o3, Tb4o7, Dy2o3, Mreo - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-30 23:08:07 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Lynas Rare Earths is acquiring Meteoric Resources through an all-scrip scheme of arrangement, which is unanimously recommended by Meteoric's board. The acquisition is expected to be accretive to Lynas's net asset value, mineral resources, and ore reserves, adding Meteoric's Caldeira Rare Earth Project in Brazil, which holds the largest known ionic clay JORC REO Mineral Resource outside China. The deal maintains Lynas's strong balance sheet and leverages its expertise to unlock Caldeira's value. Reasoning: Lynas Rare Earths is acquiring Meteoric Resources via an all-scrip scheme of arrangement, which is expected to be accretive to Lynas's net asset value, mineral resources, and ore reserves, adding Meteoric's Caldeira Rare Earth Project, the largest known ionic clay JORC REO Mineral Resource outside China. The transaction is unanimously recommended by Meteoric's board and supported by its largest shareholder. - Positive factor: Acquisition of a significant rare earth resource \(Caldeira\) - Positive factor: Accretive to Lynas's NAV, Mineral Resources, and Ore Reserves - Positive factor: Diversifies Lynas's footprint and adds light and heavy rare earths - Positive factor: Meteoric shareholders receive a significant control premium - Positive factor: Lynas's strong balance sheet and expertise will unlock Caldeira's value - Positive factor: Unanimous board recommendation and support from largest shareholder - Positive factor: All-scrip deal preserves Lynas's financial flexibility - Positive factor: Located in an attractive mining jurisdiction \(Brazil\) - Positive factor: Presence of Measured and Indicated Resources and Probable Reserves - Positive factor: JORC compliant estimates with QP/CP sign-off Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 173 ## Classification and evidence **Strategic Acquisition** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Lynas is acquiring Meteoric Resources to diversify and complement its existing footprint and add significant rare earth resources, aligning with its 'Add Resource and Scale' growth pillar. Evidence · text > Diversifies and complements Lynas’ existing footprint Delivers on Lynas’ Towards 2030 ‘Add Resource and Scale’ growth pillar, diversifying and complementing Lynas’ leading Australian and Malaysian operations **Accretive Transaction** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The acquisition is expected to be accretive to Lynas on NAV, Mineral Resources, and Ore Reserves, providing a significant increase in contained TREO. Evidence · text > Expected to be accretive to Lynas on NAV2, Mineral Resources and Ore Reserves Meteoric is expected to be highly accretive to Lynas, comprising 6% of the pro forma market cap but 44% of TREO Mineral Resource and 21% of TREO Ore Reserves **Board Recommended** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The Meteoric Board has unanimously recommended the Scheme, subject to an independent expert's conclusion. Evidence · text > Unanimously recommended by the Meteoric Board **Shareholder Support** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Meteoric’s largest shareholder, Tolga Kumova \(6.7%\), has confirmed his intention to vote in favour of the Scheme. Evidence · text > supported by largest shareholder Tolga Kumova **Control Premium** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Meteoric shareholders benefit from a significant control premium, with the implied offer price representing a 68.4% premium to Meteoric’s last close. Evidence · text > Meteoric shareholders benefit from a significant control premium A$0.286 per Meteoric share, being a 68.4% premium to Meteoric’s last close of A$0.170 **All-Scrip Deal** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The transaction is structured as an all-scrip deal, which maintains Lynas’s strong balance sheet and financial flexibility. Evidence · text > All-scrip deal maintains Lynas’ strong balance sheet to fund Caldeira’s development and other growth initiatives 100% scrip consideration **Interim Funding** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Lynas will provide an interim loan facility of up to A$110m to Meteoric for Caldeira development and working capital. Evidence · text > Lynas will provide an interim loan facility of up to A$110m comprised of A$35m advanced on execution of the SID and up to A$75m further committed funding **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: Meteoric's Mineral Resources and Ore Reserves are reported in compliance with the JORC Code. Evidence · text > The information in this presentation that relates to Meteoric’s Mineral Resources is extracted from Meteoric’s ASX announcement dated 9 July 2026 titled “Caldeira Project Measured Resources Grow 246% to 128Mt”. The information that relates to Meteoric’s Ore Reserve, production target and forecast financial information is extracted from Meteoric’s ASX announcement dated 31 July 2026 titled “Caldeira DFS Confirms Confidence in Project Fundamentals”. Meteoric confirms that it is not aware of any new information or data that materially affects the information included in those announcements and, in the case of Mineral Resource and Ore Reserve estimates, that all material assumptions and technical parameters underpinning those estimates continue to apply and have not materially changed. Meteoric confirms that the form and context in which the relevant Competent Persons’ findings are presented have not been materially modified. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Meteoric confirms that the Competent Person’s findings are presented and have not been materially modified. Evidence · text > Meteoric confirms that the form and context in which the relevant Competent Persons’ findings are presented have not been materially modified. **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: The Caldeira project includes a Measured Mineral Resource category for various rare earth oxides. Evidence · table > Measured Context: 66 **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The Caldeira project includes an Indicated Mineral Resource category for various rare earth oxides. Evidence · table > Indicated Context: 84 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Caldeira project includes an Inferred Mineral Resource category for various rare earth oxides. Evidence · table > Inferred Context: 117 **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: The Caldeira project includes a Probable Ore Reserve category for various rare earth oxides. Evidence · table > Probable Context: 75.6 ## Extracted facts Stored fact records: 168. Some facts used in scoring do not have a stored record. ## Resource Estimates (168) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-1) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:60a3c624cf04635f2bdb - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: measured - Tonnes: 66000000 - Grade: 2819 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for TREO at Capão do Mel, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 2,819 Context: 66 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-2) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:60a3c624cf04635f2bdb - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: measured - Tonnes: 66000000 - Grade: 147 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Pr6O11 at Capão do Mel, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 147 Context: 66 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-3) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:60a3c624cf04635f2bdb - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: measured - Tonnes: 66000000 - Grade: 394 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Nd2O3 at Capão do Mel, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 394 Context: 66 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-4) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:60a3c624cf04635f2bdb - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: measured - Tonnes: 66000000 - Grade: 4 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Tb4O7 at Capão do Mel, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 4 Context: 66 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-5) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:60a3c624cf04635f2bdb - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: measured - Tonnes: 66000000 - Grade: 21 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Dy2O3 at Capão do Mel, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 21 Context: 66 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-6) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:60a3c624cf04635f2bdb - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: measured - Tonnes: 66000000 - Grade: 567 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for MREO at Capão do Mel, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 567 Context: 66 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-7) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f4c5fe9108975d76a3d - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: measured - Tonnes: 26000000 - Grade: 2607 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for TREO at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 2,607 Context: 26 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-8) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f4c5fe9108975d76a3d - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: measured - Tonnes: 26000000 - Grade: 156 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Pr6O11 at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 156 Context: 26 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-9) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f4c5fe9108975d76a3d - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: measured - Tonnes: 26000000 - Grade: 477 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Nd2O3 at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 477 Context: 26 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-10) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f4c5fe9108975d76a3d - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: measured - Tonnes: 26000000 - Grade: 5 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Tb4O7 at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 5 Context: 26 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-11) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f4c5fe9108975d76a3d - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: measured - Tonnes: 26000000 - Grade: 25 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Dy2O3 at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 25 Context: 26 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-12) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f4c5fe9108975d76a3d - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: measured - Tonnes: 26000000 - Grade: 663 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for MREO at Cupim Vermelho Norte, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 663 Context: 26 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-13) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:4894353ed1f7c9d0262a - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: measured - Tonnes: 30000000 - Grade: 2982 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for TREO at Figueira, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 2,982 Context: 30 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-14) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:4894353ed1f7c9d0262a - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: measured - Tonnes: 30000000 - Grade: 158 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Pr6O11 at Figueira, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 158 Context: 30 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-15) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:4894353ed1f7c9d0262a - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: measured - Tonnes: 30000000 - Grade: 439 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Nd2O3 at Figueira, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 439 Context: 30 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-16) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:4894353ed1f7c9d0262a - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: measured - Tonnes: 30000000 - Grade: 5 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Tb4O7 at Figueira, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 5 Context: 30 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-17) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:4894353ed1f7c9d0262a - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: measured - Tonnes: 30000000 - Grade: 26 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Dy2O3 at Figueira, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 26 Context: 30 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-18) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:4894353ed1f7c9d0262a - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: measured - Tonnes: 30000000 - Grade: 628 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for MREO at Figueira, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 628 Context: 30 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-19) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:55a36ffe780e071fa1f2 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: measured - Tonnes: 6000000 - Grade: 2849 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for TREO at Soberbo, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 2,849 Context: 6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-20) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:55a36ffe780e071fa1f2 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: measured - Tonnes: 6000000 - Grade: 182 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Pr6O11 at Soberbo, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 182 Context: 6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-21) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:55a36ffe780e071fa1f2 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: measured - Tonnes: 6000000 - Grade: 526 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Nd2O3 at Soberbo, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 526 Context: 6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-22) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:55a36ffe780e071fa1f2 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: measured - Tonnes: 6000000 - Grade: 5 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Tb4O7 at Soberbo, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 5 Context: 6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-23) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:55a36ffe780e071fa1f2 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: measured - Tonnes: 6000000 - Grade: 25 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for Dy2O3 at Soberbo, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 25 Context: 6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-24) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:55a36ffe780e071fa1f2 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: measured - Tonnes: 6000000 - Grade: 738 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Measured resource for MREO at Soberbo, indicating high confidence and compliance with JORC standards. - Positive factor: High confidence Measured category - Positive factor: JORC compliant and QP signed Evidence · table > 738 Context: 6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-25) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:214d494d37cb1d12beb6 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 84000000 - Grade: 2629 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for TREO at Soberbo, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 2,629 Context: 84 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-26) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:214d494d37cb1d12beb6 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 84000000 - Grade: 158 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Pr6O11 at Soberbo, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 158 Context: 84 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-27) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:214d494d37cb1d12beb6 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 84000000 - Grade: 453 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Nd2O3 at Soberbo, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 453 Context: 84 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-28) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:214d494d37cb1d12beb6 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 84000000 - Grade: 4 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Tb4O7 at Soberbo, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 4 Context: 84 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-29) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:214d494d37cb1d12beb6 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 84000000 - Grade: 23 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Dy2O3 at Soberbo, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 23 Context: 84 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-30) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:214d494d37cb1d12beb6 - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 84000000 - Grade: 639 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for MREO at Soberbo, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 639 Context: 84 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-31) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:4a065476f5f31cf111bf - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 49000000 - Grade: 2332 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for TREO at Capão do Mel, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 2,332 Context: 49 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-32) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2a44d19bc61e19e809dd - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 49000000 - Grade: 129 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Pr6O11 at Capão do Mel, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 129 Context: 49 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-33) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2a44d19bc61e19e809dd - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 49000000 - Grade: 360 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Nd2O3 at Capão do Mel, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 360 Context: 49 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-34) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2a44d19bc61e19e809dd - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 49000000 - Grade: 4 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Tb4O7 at Capão do Mel, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 4 Context: 49 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-35) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2a44d19bc61e19e809dd - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 49000000 - Grade: 19 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Dy2O3 at Capão do Mel, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 19 Context: 49 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-36) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2a44d19bc61e19e809dd - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 49000000 - Grade: 512 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for MREO at Capão do Mel, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 512 Context: 49 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-37) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:e6811309d5432caa78a9 - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 2776 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for TREO at Figueira, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 2,776 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-38) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:e6811309d5432caa78a9 - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 140 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Pr6O11 at Figueira, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 140 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-39) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:e6811309d5432caa78a9 - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 388 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Nd2O3 at Figueira, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 388 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-40) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:e6811309d5432caa78a9 - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 5 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Tb4O7 at Figueira, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 5 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-41) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:e6811309d5432caa78a9 - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 29 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Dy2O3 at Figueira, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 29 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-42) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:e6811309d5432caa78a9 - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 562 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for MREO at Figueira, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 562 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-43) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:37afe84746f2eb651499 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 2253 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for TREO at Dona Maria 1, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 2,253 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-44) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:37afe84746f2eb651499 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 128 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Pr6O11 at Dona Maria 1, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 128 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-45) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:37afe84746f2eb651499 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 376 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Nd2O3 at Dona Maria 1, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 376 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-46) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:37afe84746f2eb651499 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 4 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Tb4O7 at Dona Maria 1, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 4 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-47) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:37afe84746f2eb651499 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 23 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Dy2O3 at Dona Maria 1, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 23 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-48) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:37afe84746f2eb651499 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 111000000 - Grade: 531 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for MREO at Dona Maria 1, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 531 Context: 111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-49) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9b65c34ccffab6a65fec - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 53000000 - Grade: 2303 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for TREO at Dona Maria 2, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 2,303 Context: 53 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-50) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9b65c34ccffab6a65fec - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 53000000 - Grade: 132 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Pr6O11 at Dona Maria 2, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 132 Context: 53 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-51) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9b65c34ccffab6a65fec - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 53000000 - Grade: 390 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Nd2O3 at Dona Maria 2, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 390 Context: 53 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-52) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9b65c34ccffab6a65fec - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 53000000 - Grade: 4 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Tb4O7 at Dona Maria 2, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 4 Context: 53 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-53) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9b65c34ccffab6a65fec - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 53000000 - Grade: 22 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Dy2O3 at Dona Maria 2, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 22 Context: 53 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-54) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9b65c34ccffab6a65fec - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 53000000 - Grade: 548 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for MREO at Dona Maria 2, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 548 Context: 53 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-55) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2ca388051683e5a5cc5b - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 90000000 - Grade: 2658 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for TREO at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 2,658 Context: 90 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-56) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2ca388051683e5a5cc5b - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 90000000 - Grade: 163 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Pr6O11 at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 163 Context: 90 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-57) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2ca388051683e5a5cc5b - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 90000000 - Grade: 489 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Nd2O3 at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 489 Context: 90 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-58) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2ca388051683e5a5cc5b - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 90000000 - Grade: 5 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Tb4O7 at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 5 Context: 90 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-59) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2ca388051683e5a5cc5b - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 90000000 - Grade: 26 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Dy2O3 at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 26 Context: 90 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-60) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2ca388051683e5a5cc5b - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 90000000 - Grade: 683 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for MREO at Cupim Vermelho Norte, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 683 Context: 90 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-61) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:fadc0965d5abb5ae001e - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 77000000 - Grade: 2917 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for TREO at Barra do Pacu, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 2,917 Context: 77 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-62) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:fadc0965d5abb5ae001e - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 77000000 - Grade: 143 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Pr6O11 at Barra do Pacu, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 143 Context: 77 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-63) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:fadc0965d5abb5ae001e - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 77000000 - Grade: 376 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Nd2O3 at Barra do Pacu, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 376 Context: 77 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-64) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:fadc0965d5abb5ae001e - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 77000000 - Grade: 4 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Tb4O7 at Barra do Pacu, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 4 Context: 77 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-65) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:fadc0965d5abb5ae001e - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 77000000 - Grade: 21 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for Dy2O3 at Barra do Pacu, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 21 Context: 77 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-66) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:fadc0965d5abb5ae001e - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: indicated - Tonnes: 77000000 - Grade: 545 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Indicated resource for MREO at Barra do Pacu, providing reasonable geological confidence and JORC compliance. - Positive factor: Indicated category resource - Positive factor: JORC compliant and QP signed Evidence · table > 545 Context: 77 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-67) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d43c6397b5a62d43b51c - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 117000000 - Grade: 2720 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Soberbo, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 2,720 Context: 117 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-68) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d43c6397b5a62d43b51c - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 117000000 - Grade: 170 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Soberbo, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 170 Context: 117 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-69) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d43c6397b5a62d43b51c - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 117000000 - Grade: 484 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Soberbo, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 484 Context: 117 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-70) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d43c6397b5a62d43b51c - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 117000000 - Grade: 5 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Soberbo, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 5 Context: 117 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-71) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d43c6397b5a62d43b51c - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 117000000 - Grade: 24 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Soberbo, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 24 Context: 117 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-72) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d43c6397b5a62d43b51c - Deposit or zone: Soberbo - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 117000000 - Grade: 683 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Soberbo, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 683 Context: 117 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-73) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:8a1469c1152520301040 - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 44000000 - Grade: 1619 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Capão do Mel, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 1,619 Context: 44 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-74) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:8a1469c1152520301040 - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 44000000 - Grade: 74 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Capão do Mel, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 74 Context: 44 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-75) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:8a1469c1152520301040 - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 44000000 - Grade: 193 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Capão do Mel, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 193 Context: 44 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-76) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:8a1469c1152520301040 - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 44000000 - Grade: 2 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Capão do Mel, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 2 Context: 44 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-77) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:8a1469c1152520301040 - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 44000000 - Grade: 12 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Capão do Mel, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 12 Context: 44 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-78) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:8a1469c1152520301040 - Deposit or zone: Capão do Mel - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 44000000 - Grade: 282 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Capão do Mel, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 282 Context: 44 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-79) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:07712439894af776cabb - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 8000000 - Grade: 2580 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Figueira, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 2,580 Context: 8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-80) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:07712439894af776cabb - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 8000000 - Grade: 119 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Figueira, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 119 Context: 8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-81) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:07712439894af776cabb - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 8000000 - Grade: 327 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Figueira, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 327 Context: 8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-82) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:07712439894af776cabb - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 8000000 - Grade: 4 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Figueira, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 4 Context: 8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-83) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:07712439894af776cabb - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 8000000 - Grade: 26 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Figueira, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 26 Context: 8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-84) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:07712439894af776cabb - Deposit or zone: Figueira - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 8000000 - Grade: 476 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Figueira, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 476 Context: 8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-85) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:125ddfbe08e6c73244d7 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 49000000 - Grade: 2225 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Dona Maria 1, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 2,225 Context: 49 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-86) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:125ddfbe08e6c73244d7 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 49000000 - Grade: 121 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Dona Maria 1, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 121 Context: 49 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-87) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:125ddfbe08e6c73244d7 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 49000000 - Grade: 383 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Dona Maria 1, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 383 Context: 49 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-88) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:125ddfbe08e6c73244d7 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 49000000 - Grade: 5 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Dona Maria 1, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 5 Context: 49 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-89) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:125ddfbe08e6c73244d7 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 49000000 - Grade: 25 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Dona Maria 1, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 25 Context: 49 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-90) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:125ddfbe08e6c73244d7 - Deposit or zone: Dona Maria 1 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 49000000 - Grade: 534 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Dona Maria 1, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 534 Context: 49 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-91) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:0dc8cdf2fd0c568ea69d - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 29000000 - Grade: 2324 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Dona Maria 2, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 2,324 Context: 29 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-92) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:0dc8cdf2fd0c568ea69d - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 29000000 - Grade: 130 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Dona Maria 2, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 130 Context: 29 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-93) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:0dc8cdf2fd0c568ea69d - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 29000000 - Grade: 397 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Dona Maria 2, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 397 Context: 29 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-94) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:0dc8cdf2fd0c568ea69d - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 29000000 - Grade: 4 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Dona Maria 2, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 4 Context: 29 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-95) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:0dc8cdf2fd0c568ea69d - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 29000000 - Grade: 21 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Dona Maria 2, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 21 Context: 29 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-96) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:0dc8cdf2fd0c568ea69d - Deposit or zone: Dona Maria 2 - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 29000000 - Grade: 552 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Dona Maria 2, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 552 Context: 29 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-97) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a0d031be82a3b28b662e - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 78000000 - Grade: 2237 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 2,237 Context: 78 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-98) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a0d031be82a3b28b662e - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 78000000 - Grade: 126 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 126 Context: 78 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-99) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a0d031be82a3b28b662e - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 78000000 - Grade: 377 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 377 Context: 78 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-100) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a0d031be82a3b28b662e - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 78000000 - Grade: 4 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 4 Context: 78 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-101) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a0d031be82a3b28b662e - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 78000000 - Grade: 23 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 23 Context: 78 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-102) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a0d031be82a3b28b662e - Deposit or zone: Cupim Vermelho Norte - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 78000000 - Grade: 530 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Cupim Vermelho Norte, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 530 Context: 78 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-103) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:71cffc2900f7f96fbda2 - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 190000000 - Grade: 2153 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Barra do Pacu, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 2,153 Context: 190 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-104) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:71cffc2900f7f96fbda2 - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 190000000 - Grade: 112 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Barra do Pacu, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 112 Context: 190 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-105) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:71cffc2900f7f96fbda2 - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 190000000 - Grade: 296 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Barra do Pacu, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 296 Context: 190 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-106) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:71cffc2900f7f96fbda2 - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 190000000 - Grade: 3 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Barra do Pacu, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 3 Context: 190 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-107) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:71cffc2900f7f96fbda2 - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 190000000 - Grade: 18 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Barra do Pacu, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 18 Context: 190 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-108) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:71cffc2900f7f96fbda2 - Deposit or zone: Barra do Pacu - Material type: Clay #### Resource Data - Category: inferred - Tonnes: 190000000 - Grade: 429 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Barra do Pacu, indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 429 Context: 190 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-109) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:33e7b0010ae9b62224e7 - Deposit or zone: Soberbo - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 102000000 - Grade: 2234 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Soberbo \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 2,234 Context: 102 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-110) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:33e7b0010ae9b62224e7 - Deposit or zone: Soberbo - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 102000000 - Grade: 144 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Soberbo \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 144 Context: 102 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-111) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:33e7b0010ae9b62224e7 - Deposit or zone: Soberbo - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 102000000 - Grade: 406 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Soberbo \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 406 Context: 102 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-112) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:33e7b0010ae9b62224e7 - Deposit or zone: Soberbo - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 102000000 - Grade: 4 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Soberbo \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 4 Context: 102 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-113) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:33e7b0010ae9b62224e7 - Deposit or zone: Soberbo - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 102000000 - Grade: 20 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Soberbo \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 20 Context: 102 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-114) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:33e7b0010ae9b62224e7 - Deposit or zone: Soberbo - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 102000000 - Grade: 575 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Soberbo \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 575 Context: 102 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-115) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:79114ee5afe02467d30a - Deposit or zone: Capão do Mel - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 35000000 - Grade: 1498 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Capão do Mel \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 1,498 Context: 35 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-116) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:79114ee5afe02467d30a - Deposit or zone: Capão do Mel - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 35000000 - Grade: 70 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Capão do Mel \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 70 Context: 35 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-117) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:79114ee5afe02467d30a - Deposit or zone: Capão do Mel - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 35000000 - Grade: 189 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Capão do Mel \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 189 Context: 35 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-118) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:79114ee5afe02467d30a - Deposit or zone: Capão do Mel - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 35000000 - Grade: 2 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Capão do Mel \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 2 Context: 35 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-119) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:79114ee5afe02467d30a - Deposit or zone: Capão do Mel - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 35000000 - Grade: 12 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Capão do Mel \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 12 Context: 35 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-120) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:79114ee5afe02467d30a - Deposit or zone: Capão do Mel - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 35000000 - Grade: 273 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Capão do Mel \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 273 Context: 35 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-121) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:dab493b9341e67188805 - Deposit or zone: Figueira - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 23000000 - Grade: 2022 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Figueira \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 2,022 Context: 23 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-122) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:dab493b9341e67188805 - Deposit or zone: Figueira - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 23000000 - Grade: 102 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Figueira \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 102 Context: 23 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-123) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:dab493b9341e67188805 - Deposit or zone: Figueira - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 23000000 - Grade: 292 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Figueira \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 292 Context: 23 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-124) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:dab493b9341e67188805 - Deposit or zone: Figueira - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 23000000 - Grade: 4 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Figueira \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 4 Context: 23 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-125) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:dab493b9341e67188805 - Deposit or zone: Figueira - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 23000000 - Grade: 20 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Figueira \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 20 Context: 23 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-126) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:dab493b9341e67188805 - Deposit or zone: Figueira - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 23000000 - Grade: 419 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Figueira \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 419 Context: 23 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-127) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:93a87c339dfea6ad16af - Deposit or zone: Dona Maria 1 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 42000000 - Grade: 1703 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Dona Maria 1 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 1,703 Context: 42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-128) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:93a87c339dfea6ad16af - Deposit or zone: Dona Maria 1 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 42000000 - Grade: 95 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Dona Maria 1 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 95 Context: 42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-129) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:93a87c339dfea6ad16af - Deposit or zone: Dona Maria 1 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 42000000 - Grade: 275 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Dona Maria 1 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 275 Context: 42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-130) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:93a87c339dfea6ad16af - Deposit or zone: Dona Maria 1 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 42000000 - Grade: 3 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Dona Maria 1 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 3 Context: 42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-131) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:93a87c339dfea6ad16af - Deposit or zone: Dona Maria 1 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 42000000 - Grade: 17 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Dona Maria 1 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 17 Context: 42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-132) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:93a87c339dfea6ad16af - Deposit or zone: Dona Maria 1 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 42000000 - Grade: 390 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Dona Maria 1 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 390 Context: 42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-133) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:aa4aea60ac63c1090ebd - Deposit or zone: Dona Maria 2 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 21000000 - Grade: 1615 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Dona Maria 2 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 1,615 Context: 21 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-134) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:aa4aea60ac63c1090ebd - Deposit or zone: Dona Maria 2 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 21000000 - Grade: 86 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Dona Maria 2 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 86 Context: 21 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-135) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:aa4aea60ac63c1090ebd - Deposit or zone: Dona Maria 2 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 21000000 - Grade: 251 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Dona Maria 2 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 251 Context: 21 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-136) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:aa4aea60ac63c1090ebd - Deposit or zone: Dona Maria 2 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 21000000 - Grade: 3 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Dona Maria 2 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 3 Context: 21 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-137) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:aa4aea60ac63c1090ebd - Deposit or zone: Dona Maria 2 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 21000000 - Grade: 15 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Dona Maria 2 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 15 Context: 21 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-138) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:aa4aea60ac63c1090ebd - Deposit or zone: Dona Maria 2 - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 21000000 - Grade: 355 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Dona Maria 2 \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 355 Context: 21 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-139) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a8ace1ce823ff6c3359f - Deposit or zone: Cupim Vermelho Norte - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 67000000 - Grade: 1665 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Cupim Vermelho Norte \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 1,665 Context: 67 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-140) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a8ace1ce823ff6c3359f - Deposit or zone: Cupim Vermelho Norte - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 67000000 - Grade: 92 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Cupim Vermelho Norte \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 92 Context: 67 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-141) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a8ace1ce823ff6c3359f - Deposit or zone: Cupim Vermelho Norte - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 67000000 - Grade: 281 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Cupim Vermelho Norte \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 281 Context: 67 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-142) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a8ace1ce823ff6c3359f - Deposit or zone: Cupim Vermelho Norte - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 67000000 - Grade: 3 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Cupim Vermelho Norte \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 3 Context: 67 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-143) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a8ace1ce823ff6c3359f - Deposit or zone: Cupim Vermelho Norte - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 67000000 - Grade: 17 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Cupim Vermelho Norte \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 17 Context: 67 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-144) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a8ace1ce823ff6c3359f - Deposit or zone: Cupim Vermelho Norte - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 67000000 - Grade: 393 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Cupim Vermelho Norte \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 393 Context: 67 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-145) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:eecf003f64149a588000 - Deposit or zone: Barra do Pacu - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 122000000 - Grade: 1837 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for TREO at Barra do Pacu \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 1,837 Context: 122 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-146) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:eecf003f64149a588000 - Deposit or zone: Barra do Pacu - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 122000000 - Grade: 95 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Pr6O11 at Barra do Pacu \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 95 Context: 122 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-147) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:eecf003f64149a588000 - Deposit or zone: Barra do Pacu - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 122000000 - Grade: 253 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Nd2O3 at Barra do Pacu \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 253 Context: 122 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-148) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:eecf003f64149a588000 - Deposit or zone: Barra do Pacu - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 122000000 - Grade: 3 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Tb4O7 at Barra do Pacu \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 3 Context: 122 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-149) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:eecf003f64149a588000 - Deposit or zone: Barra do Pacu - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 122000000 - Grade: 15 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for Dy2O3 at Barra do Pacu \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 15 Context: 122 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-150) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:eecf003f64149a588000 - Deposit or zone: Barra do Pacu - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 122000000 - Grade: 365 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Inferred resource for MREO at Barra do Pacu \(Transition\), indicating lower geological confidence despite JORC compliance. - Positive factor: JORC compliant and QP signed - Negative factor: Inferred category resource Evidence · table > 365 Context: 122 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-153) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:b5b0a7a17435f6622763 - Deposit or zone: Capão do Mel and Barra do Pacu deposits #### Resource Data - Category: probable - Tonnes: 75600000 - Grade: 3674 - Grade Unit: ppm - Contained Metal: 278 - Contained Unit: kt #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for TREO at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed - Positive factor: Significant contained metal Evidence · table > 3,674 Context: 75.6 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-154) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:b5b0a7a17435f6622763 - Deposit or zone: Capão do Mel and Barra do Pacu deposits #### Resource Data - Category: probable - Tonnes: 75600000 - Grade: 217 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Pr6O11 at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 217 Context: 75.6 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-155) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:b5b0a7a17435f6622763 - Deposit or zone: Capão do Mel and Barra do Pacu deposits #### Resource Data - Category: probable - Tonnes: 75600000 - Grade: 587 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Nd2O3 at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 587 Context: 75.6 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-156) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:b5b0a7a17435f6622763 - Deposit or zone: Capão do Mel and Barra do Pacu deposits #### Resource Data - Category: probable - Tonnes: 75600000 - Grade: 6 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Tb4O7 at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 6 Context: 75.6 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-157) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:b5b0a7a17435f6622763 - Deposit or zone: Capão do Mel and Barra do Pacu deposits #### Resource Data - Category: probable - Tonnes: 75600000 - Grade: 28 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Dy2O3 at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 28 Context: 75.6 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-158) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:b5b0a7a17435f6622763 - Deposit or zone: Capão do Mel and Barra do Pacu deposits #### Resource Data - Category: probable - Tonnes: 75600000 - Grade: 838 - Grade Unit: ppm - Contained Metal: 63 - Contained Unit: kt #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for MREO at Capão do Mel and Barra do Pacu, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed - Positive factor: Significant contained metal Evidence · table > 838 Context: 75.6 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-159) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:12a9a0a204d64b413b98 - Deposit or zone: Soberbo deposit #### Resource Data - Category: probable - Tonnes: 41500000 - Grade: 3180 - Grade Unit: ppm - Contained Metal: 132 - Contained Unit: kt #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for TREO at Soberbo, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed - Positive factor: Significant contained metal Evidence · table > 3,180 Context: 41.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-160) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:12a9a0a204d64b413b98 - Deposit or zone: Soberbo deposit #### Resource Data - Category: probable - Tonnes: 41500000 - Grade: 209 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Pr6O11 at Soberbo, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 209 Context: 41.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-161) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:12a9a0a204d64b413b98 - Deposit or zone: Soberbo deposit #### Resource Data - Category: probable - Tonnes: 41500000 - Grade: 602 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Nd2O3 at Soberbo, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 602 Context: 41.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-162) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:12a9a0a204d64b413b98 - Deposit or zone: Soberbo deposit #### Resource Data - Category: probable - Tonnes: 41500000 - Grade: 6 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Tb4O7 at Soberbo, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 6 Context: 41.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-163) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:12a9a0a204d64b413b98 - Deposit or zone: Soberbo deposit #### Resource Data - Category: probable - Tonnes: 41500000 - Grade: 28 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Dy2O3 at Soberbo, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 28 Context: 41.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-164) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:12a9a0a204d64b413b98 - Deposit or zone: Soberbo deposit #### Resource Data - Category: probable - Tonnes: 41500000 - Grade: 844 - Grade Unit: ppm - Contained Metal: 35 - Contained Unit: kt #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for MREO at Soberbo, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed - Positive factor: Significant contained metal Evidence · table > 844 Context: 41.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-165) Caldeira Rare Earth Project · treo #### Identity - Project: Caldeira Rare Earth Project - Commodity: treo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:1e8ee959316355894253 - Deposit or zone: Figueira deposit #### Resource Data - Category: probable - Tonnes: 33900000 - Grade: 3612 - Grade Unit: ppm - Contained Metal: 122 - Contained Unit: kt #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for TREO at Figueira, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed - Positive factor: Significant contained metal Evidence · table > 3,612 Context: 33.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-166) Caldeira Rare Earth Project · pr6o11 #### Identity - Project: Caldeira Rare Earth Project - Commodity: pr6o11 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:1e8ee959316355894253 - Deposit or zone: Figueira deposit #### Resource Data - Category: probable - Tonnes: 33900000 - Grade: 227 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Pr6O11 at Figueira, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 227 Context: 33.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-167) Caldeira Rare Earth Project · nd2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: nd2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:1e8ee959316355894253 - Deposit or zone: Figueira deposit #### Resource Data - Category: probable - Tonnes: 33900000 - Grade: 644 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Nd2O3 at Figueira, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 644 Context: 33.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-168) Caldeira Rare Earth Project · tb4o7 #### Identity - Project: Caldeira Rare Earth Project - Commodity: tb4o7 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:1e8ee959316355894253 - Deposit or zone: Figueira deposit #### Resource Data - Category: probable - Tonnes: 33900000 - Grade: 7 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Tb4O7 at Figueira, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 7 Context: 33.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-169) Caldeira Rare Earth Project · dy2o3 #### Identity - Project: Caldeira Rare Earth Project - Commodity: dy2o3 - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:1e8ee959316355894253 - Deposit or zone: Figueira deposit #### Resource Data - Category: probable - Tonnes: 33900000 - Grade: 37 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for Dy2O3 at Figueira, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed Evidence · table > 37 Context: 33.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lyc-lynas-rare-earths-to-acquire-meteoric-resources-presentation--8c8f6b07-651f-4270-9680-fba8479169a2#fact-resource-facts-170) Caldeira Rare Earth Project · mreo #### Identity - Project: Caldeira Rare Earth Project - Commodity: mreo - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: LYC #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:1e8ee959316355894253 - Deposit or zone: Figueira deposit #### Resource Data - Category: probable - Tonnes: 33900000 - Grade: 915 - Grade Unit: ppm - Contained Metal: 31 - Contained Unit: kt #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Probable Ore Reserve for MREO at Figueira, indicating high confidence in economic extractability and JORC compliance. - Positive factor: Probable Ore Reserve category - Positive factor: JORC compliant and QP signed - Positive factor: Significant contained metal Evidence · table > 915 Context: 33.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.