Investor Presentaiton

V Lofdal HREE Mine: Flowsheet Opportunities for Optimization Increase grade by XRT and/or XRF sorting ROM Ore Crushing & Screening Fines Mineral Concentrate SORTER Introduce HCI recycling circuit Coarse Waste Milling Wet Magnetic Separation Cleaner Flotation Gangue HCL Leach Concentrate Thickening Leach Residue Dewatering Transport to Walvis Bay Cracking Plant Cracking Plant 50 Increase efficiencies to handle 10-20% TREO feed Final Product (Concentrate or RE Oxide) Namibia Critical Metals Tailings Storage Facility Reduce carbonate to GAL Increase efficiency to handle lower grade mag concentrate Shipment to Offshore Treatment Facility for Separation

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