Arafura Rare Earths Limited · ASX:ARU
Arafura Rare Earths — Shareholder Meeting (October 2026)
15 slides from Arafura Rare Earths's shareholder meeting presentation, Oct 22, 2026
Slide 1: Arafura Rare Earths: Constructing Nolans project
ASX: ARU rsonal use only 22 October 2026 Arafura Rare Earths Constructing Nolans project
Slide 2: Disclaimer
Disclaimer This presentation is dated 22 October 2026 and has in information in this presentation or any other presentation that relates to Ore Reserves is extracted confirms that all material assumptions underpinning been prepared by Arafura Rare Earths Limited information made available to a perso
Slide 3: A Defining Year
A Defining Year rsonal use only A$200 million1 €50 million1 US$100 million1 US$300 million investment National Construction investment from the German Raw investment from Export Finance Letter of interest from The Export- Fund Corporation to be drawn down Material Fund Australia Import Bank of the U
Slide 4: Groundbreak @ 8th Oct 2026
Groundbreak @ 8th Oct 2026 rsonal use only 4
Slide 5: Construction activity ramping up
Construction activity ramping up Site Reinstatement Site-Access ~A$700m Tendered Long-lead items rsonal use only Works completed on camp and Works commenced Procured and vendor certification access roads underway Calendar 2026 2027-2029 Major Contracts Supply and Services Major Contracts Turnkey Ser
Slide 6: Partnering with purpose: Delivering with capability
Partnering with purpose: Delivering with capability rsonal use only Arafura Hatch Board & Leadership Team Extensive EPCM, Hydrometallurgical Plant and • Major project development The Nolans Project Project Execution Expertise • Complex plant operation • Complex plant and mega project • “Fit For Purp
Slide 7: Early site works
Early site works rsonal use only 7
Slide 8: In Step With Market
In Step With Market Right Strategy, Right Time rsonal use only LTM share price performance (indexed from 1 October 2025) China export constraints persist as 250% ARU.ASX MP.NYS manufacturing powerhouses seek LYC.ASX 200% supply certainty LIN.ASX ILU.ASX NTU.ASX 150% MEI.ASX HAS.ASX Price stabilisati
Slide 9: Rare in Name. Essential in Nature.
Rare in Name. Essential in Nature. rsonal use only Drones Fighter Jets Motors, sensors & control High-performance motors, systems sensors & avionics Satellites Guidance systems, communications & sensors Electric Vehicles MRI Machines Motors, generators & Powerful, precise magnetic Robotics battery s
Slide 10: Arafura: A Genuine Alternative Supply
Arafura: A Genuine Alternative Supply Multi-Government Support Alignment to deliver a diversified Rare Earths Supply Chain rsonal use only Multi-Government Support Global ECA support Government seeded equity support Strategic Bilateral Policy Strategic Offtake Partners 500tpa2 1,500tpa 800tpa 850tpa
Slide 11: NdPr Oxide pricing and catalyst
NdPr Oxide pricing and catalyst Jan ’26 – Further controls on dual use goods destined for NdPr Oxide Price - Asian Metals vs Benchmark Minerals Intelligence Japan rsonal use only $150.00 Oct ‘25 – Expansion of controls to additional rare earth Aug ‘23 – Gallium & elements (+5), downstream intl $140.
Slide 12: A fully funded project
A fully funded project 1 Arafura’s Capital Structure (US$m2) rsonal use only (128) 280 (186) 775 Settlement subsequent to debt contractual close (1,164) 1,943 135 156 597 (466) EFA & GRMF Debt Total funding Working cap and Completion support Cash & deposits (Sep NRFC SLF and COF Financing costs corp
Slide 13: Future optionality
Future optionality B u i l d i n g t h e P l a t f o r m f o r F u t u r e Va l u e C r e a t i o n rsonal use only Waste Recovery Ion Exchange Central Processing Hub Phase two growth • Maximising the recovery of • Studies to efficiently separate • Strategic location positions • Future expansion to
Slide 14: Nolans Project is into construction
Nolans Project is into construction CONSTRUCTION STRATEGIC IMPERATIVE LONG LIFE, LOW COST rsonal use only Commenced September 2026 • Strategically located – mine to market 38-year mine life • Driving diversified supply chains Large, high grade, Environment, social, Fully funded Construction Strategi
Slide 15: Contact
Contact Level 1, 11 Mounts Bay Road Perth WA 6000 rsonal use only PO Box 5773 St Georges Terrace Perth WA 6831 T: +61 8 6370 2800 E: [email protected] [email protected] (All corporate and general enquiries) E: [email protected] [email protected] (Nolans Project enquiries only)
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