# REE: RareX Investor Presentation Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03151117 Publisher: asx Original announcement: 2026-10-11T23:06:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-12T00:10:15.962Z Atlas analysis updated: 2026-10-12T00:10:15.962Z - Company: RareX Limited - Ticker: REE - Exchange: ASX - Region: Western Australia - Primary commodity: Rare earth oxides - Secondary commodities: Phosphorus, Niobium, Scandium, Uranium, Gallium, Copper - Document categories: Other, Resource update, Agreement transaction, Metallurgy - Extracted: 2026-10-12 00:10:16 UTC Narrative sentiment: 0.00 · Neutral ## Minestarters Atlas summary RareX Limited presented an investor overview highlighting its critical minerals portfolio, including the Cummins Range Rare Earths Project with a 524.3Mt mineral resource and positive metallurgical testwork results. The company is advancing exploration at Khaleesi, with copper sulphide mineralization identified by pXRF and assays pending, and is progressing an application for the Mrima Hill rare earth and niobium project in Kenya. Reasoning: The investor presentation provides a high-level overview of the company's projects, including historical resource estimates and metallurgical testwork, and updates on ongoing exploration and project development activities without announcing new material results. Facts used in scoring: 64 ## Classification and evidence **Stale Data Re-release** Polarity: negative Story-specific tag Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The investor presentation summarizes historical resource estimates from January 2024 and metallurgical testwork from October 2025, providing no new material results. Evidence · text > Sources: ASX 25 Jan 2024 \(resource\); 13 Jan 2026 \(mining lease\); June 2026 quarterly; 24 Jul, 1 Sep, 21 Sep 2026. **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("rougher"\) **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: 3 distinct composites were tested ## Extracted facts Stored fact records: 51. Some facts used in scoring do not have a stored record. ## Resource Estimates (48) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-0) Cummins Range · phosphorus Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: phosphorus - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9c9c7ef821d90b8f4998 - Deposit or zone: RARE DYKE #### Resource Data - Category: indicated - Tonnes: 44400000 - Grade: 6 - Grade Unit: % - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 6.0 Context: 44.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-1) Cummins Range · rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9c9c7ef821d90b8f4998 - Deposit or zone: RARE DYKE #### Resource Data - Category: indicated - Tonnes: 44400000 - Grade: 5560 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 5560 Context: 44.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-2) Cummins Range · heavy\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: heavy\_rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9c9c7ef821d90b8f4998 - Deposit or zone: RARE DYKE #### Resource Data - Category: indicated - Tonnes: 44400000 - Grade: 280 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 280 Context: 44.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-3) Cummins Range · neodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: neodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9c9c7ef821d90b8f4998 - Deposit or zone: RARE DYKE #### Resource Data - Category: indicated - Tonnes: 44400000 - Grade: 880 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 880 Context: 44.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-4) Cummins Range · praseodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: praseodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9c9c7ef821d90b8f4998 - Deposit or zone: RARE DYKE #### Resource Data - Category: indicated - Tonnes: 44400000 - Grade: 260 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 260 Context: 44.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-5) Cummins Range · niobium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: niobium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9c9c7ef821d90b8f4998 - Deposit or zone: RARE DYKE #### Resource Data - Category: indicated - Tonnes: 44400000 - Grade: 990 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 990 Context: 44.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-6) Cummins Range · scandium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: scandium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9c9c7ef821d90b8f4998 - Deposit or zone: RARE DYKE #### Resource Data - Category: indicated - Tonnes: 44400000 - Grade: 90 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 90 Context: 44.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-7) Cummins Range · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: uranium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9c9c7ef821d90b8f4998 - Deposit or zone: RARE DYKE #### Resource Data - Category: indicated - Tonnes: 44400000 - Grade: 80 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 80 Context: 44.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-8) Cummins Range · phosphorus Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: phosphorus - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d0b6068fb2c8fbc4a32d - Deposit or zone: RARE DYKE #### Resource Data - Category: inferred - Tonnes: 363700000 - Grade: 3.9 - Grade Unit: % - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 3.9 Context: 363.7 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-9) Cummins Range · rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d0b6068fb2c8fbc4a32d - Deposit or zone: RARE DYKE #### Resource Data - Category: inferred - Tonnes: 363700000 - Grade: 2960 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 2960 Context: 363.7 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-10) Cummins Range · heavy\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: heavy\_rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d0b6068fb2c8fbc4a32d - Deposit or zone: RARE DYKE #### Resource Data - Category: inferred - Tonnes: 363700000 - Grade: 160 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 160 Context: 363.7 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-11) Cummins Range · neodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: neodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d0b6068fb2c8fbc4a32d - Deposit or zone: RARE DYKE #### Resource Data - Category: inferred - Tonnes: 363700000 - Grade: 480 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 480 Context: 363.7 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-12) Cummins Range · praseodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: praseodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d0b6068fb2c8fbc4a32d - Deposit or zone: RARE DYKE #### Resource Data - Category: inferred - Tonnes: 363700000 - Grade: 140 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 140 Context: 363.7 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-13) Cummins Range · niobium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: niobium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d0b6068fb2c8fbc4a32d - Deposit or zone: RARE DYKE #### Resource Data - Category: inferred - Tonnes: 363700000 - Grade: 570 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 570 Context: 363.7 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-14) Cummins Range · scandium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: scandium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d0b6068fb2c8fbc4a32d - Deposit or zone: RARE DYKE #### Resource Data - Category: inferred - Tonnes: 363700000 - Grade: 70 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 70 Context: 363.7 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-15) Cummins Range · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: uranium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d0b6068fb2c8fbc4a32d - Deposit or zone: RARE DYKE #### Resource Data - Category: inferred - Tonnes: 363700000 - Grade: 40 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 40 Context: 363.7 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-16) Cummins Range · phosphorus Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: phosphorus - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:46efb0b1451d6ca426d2 - Deposit or zone: PHOS DYKE #### Resource Data - Category: indicated - Tonnes: 33000000 - Grade: 7.6 - Grade Unit: % - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 7.6 Context: 33.0 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-17) Cummins Range · rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:46efb0b1451d6ca426d2 - Deposit or zone: PHOS DYKE #### Resource Data - Category: indicated - Tonnes: 33000000 - Grade: 3430 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 3430 Context: 33.0 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-18) Cummins Range · heavy\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: heavy\_rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:46efb0b1451d6ca426d2 - Deposit or zone: PHOS DYKE #### Resource Data - Category: indicated - Tonnes: 33000000 - Grade: 290 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 290 Context: 33.0 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-19) Cummins Range · neodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: neodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:46efb0b1451d6ca426d2 - Deposit or zone: PHOS DYKE #### Resource Data - Category: indicated - Tonnes: 33000000 - Grade: 670 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 670 Context: 33.0 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-20) Cummins Range · praseodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: praseodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:46efb0b1451d6ca426d2 - Deposit or zone: PHOS DYKE #### Resource Data - Category: indicated - Tonnes: 33000000 - Grade: 170 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 170 Context: 33.0 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-21) Cummins Range · niobium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: niobium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:46efb0b1451d6ca426d2 - Deposit or zone: PHOS DYKE #### Resource Data - Category: indicated - Tonnes: 33000000 - Grade: 500 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 500 Context: 33.0 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-22) Cummins Range · scandium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: scandium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:46efb0b1451d6ca426d2 - Deposit or zone: PHOS DYKE #### Resource Data - Category: indicated - Tonnes: 33000000 - Grade: 80 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 80 Context: 33.0 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-23) Cummins Range · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: uranium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:46efb0b1451d6ca426d2 - Deposit or zone: PHOS DYKE #### Resource Data - Category: indicated - Tonnes: 33000000 - Grade: 100 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 100 Context: 33.0 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-24) Cummins Range · phosphorus Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: phosphorus - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f7366af7634f99ec22f - Deposit or zone: PHOS DYKE #### Resource Data - Category: inferred - Tonnes: 83100000 - Grade: 5.6 - Grade Unit: % - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 5.6 Context: 83.1 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-25) Cummins Range · rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f7366af7634f99ec22f - Deposit or zone: PHOS DYKE #### Resource Data - Category: inferred - Tonnes: 83100000 - Grade: 2390 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 2390 Context: 83.1 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-26) Cummins Range · heavy\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: heavy\_rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f7366af7634f99ec22f - Deposit or zone: PHOS DYKE #### Resource Data - Category: inferred - Tonnes: 83100000 - Grade: 200 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 200 Context: 83.1 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-27) Cummins Range · neodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: neodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f7366af7634f99ec22f - Deposit or zone: PHOS DYKE #### Resource Data - Category: inferred - Tonnes: 83100000 - Grade: 460 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 460 Context: 83.1 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-28) Cummins Range · praseodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: praseodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f7366af7634f99ec22f - Deposit or zone: PHOS DYKE #### Resource Data - Category: inferred - Tonnes: 83100000 - Grade: 120 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 120 Context: 83.1 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-29) Cummins Range · niobium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: niobium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f7366af7634f99ec22f - Deposit or zone: PHOS DYKE #### Resource Data - Category: inferred - Tonnes: 83100000 - Grade: 450 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 450 Context: 83.1 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-30) Cummins Range · scandium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: scandium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f7366af7634f99ec22f - Deposit or zone: PHOS DYKE #### Resource Data - Category: inferred - Tonnes: 83100000 - Grade: 60 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 60 Context: 83.1 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-31) Cummins Range · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: uranium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:6f7366af7634f99ec22f - Deposit or zone: PHOS DYKE #### Resource Data - Category: inferred - Tonnes: 83100000 - Grade: 60 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 60 Context: 83.1 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-32) Cummins Range · phosphorus Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: phosphorus - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9849e5be78c57881d96e - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 77400000 - Grade: 6.7 - Grade Unit: % - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 6.7 Context: 77.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-33) Cummins Range · rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9849e5be78c57881d96e - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 77400000 - Grade: 4650 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 4650 Context: 77.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-34) Cummins Range · heavy\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: heavy\_rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9849e5be78c57881d96e - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 77400000 - Grade: 280 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 280 Context: 77.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-35) Cummins Range · neodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: neodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9849e5be78c57881d96e - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 77400000 - Grade: 790 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 790 Context: 77.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-36) Cummins Range · praseodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: praseodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9849e5be78c57881d96e - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 77400000 - Grade: 230 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 230 Context: 77.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-37) Cummins Range · niobium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: niobium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9849e5be78c57881d96e - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 77400000 - Grade: 780 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 780 Context: 77.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-38) Cummins Range · scandium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: scandium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9849e5be78c57881d96e - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 77400000 - Grade: 90 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 90 Context: 77.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-39) Cummins Range · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: uranium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:9849e5be78c57881d96e - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 77400000 - Grade: 90 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information. - Negative factor: Stale Estimate Evidence · table > 90 Context: 77.4 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-40) Cummins Range · phosphorus Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: phosphorus - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:14e33995029885642c89 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 446900000 - Grade: 4.2 - Grade Unit: % - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 4.2 Context: 446.9 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-41) Cummins Range · rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:14e33995029885642c89 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 446900000 - Grade: 2860 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 2860 Context: 446.9 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-42) Cummins Range · heavy\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: heavy\_rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:14e33995029885642c89 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 446900000 - Grade: 170 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 170 Context: 446.9 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-43) Cummins Range · neodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: neodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:14e33995029885642c89 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 446900000 - Grade: 480 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 480 Context: 446.9 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-44) Cummins Range · praseodymium\_oxide Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: praseodymium\_oxide - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:14e33995029885642c89 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 446900000 - Grade: 140 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 140 Context: 446.9 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-45) Cummins Range · niobium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: niobium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:14e33995029885642c89 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 446900000 - Grade: 550 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 550 Context: 446.9 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-46) Cummins Range · scandium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: scandium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:14e33995029885642c89 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 446900000 - Grade: 70 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 70 Context: 446.9 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-resource-facts-47) Cummins Range · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: uranium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:14e33995029885642c89 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 446900000 - Grade: 40 - Grade Unit: ppm - Cutoff Grade: 2.5 - Cutoff Unit: % P2O5 #### Prior Estimate - Resource Date: 2024-01-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-25T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This is a re-release of a historical resource estimate from January 2024, providing no new information, and is in the inferred category. - Negative factor: Stale Estimate - Negative factor: All Inferred Evidence · table > 40 Context: 446.9 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ## Metallurgical Results (3) ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-metallurgical-facts-48) Cummins Range · rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: rare\_earth\_oxides - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Test Work - Program Status: optimization - Test Type: flotation - Processing Route: rougher flotation - Sample: rougher recovery #### Recovery - Recovery: 74.6 % - Recovery Basis: actual\_test - Conc. Grade: 25.15 - Conc. Grade Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-10-09T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This metallurgy result is a re-release of historical testwork from October 2025, providing no new information. - Negative factor: Stale Estimate Evidence · text > 9.5x upgrade to 25.15% TREO \(rougher recovery up to 74.6%\) #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-metallurgical-facts-49) Cummins Range · scandium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: scandium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Test Work - Program Status: optimization - Processing Route: extraction - Sample: scandium recovery #### Recovery - Recovery: 89 % - Recovery Basis: actual\_test #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-10-09T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This metallurgy result is a re-release of historical testwork from October 2025, providing no new information. - Negative factor: Stale Estimate Evidence · text > 89–93% scandium recovery ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/ree-rarex-investor-presentation--c3b5f8d1-602e-4cf4-a34c-7eb133212fbb#fact-metallurgical-facts-50) Cummins Range · gallium Historical result Needs review: historical\_restatement #### Identity - Project: Cummins Range - Commodity: gallium - Region: australia\_wa - Reported Region: Western Australia - Ticker: REE #### Test Work - Program Status: optimization - Processing Route: extraction - Sample: gallium extraction #### Recovery - Recovery Basis: actual\_test #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-10-09T00:00:00.000Z #### Dates - Event date: 2026-10-11T00:00:00.000Z Reasoning: This metallurgy result is a re-release of historical testwork from October 2025, providing no new information. - Negative factor: Stale Estimate Evidence · text > near-complete gallium extraction ## 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.