Peak Resources Limited in Perth, Western Australia | Commercial and industrial

Peak Resources Limited

Locality: Perth, Western Australia

Phone: +61 8 9200 5360

Address: 5 Ord Street 6005 Perth, WA, Australia

Website: http://www.peakresources.com.au

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24.01.2022 THE ASSET THE NGUALLA RARE EARTH DEPOSIT Ngualla is one of the world’s largest and highest grade undeveloped neodymium (Nd) & praseodymium (Pr) rare earth projects. The Ngualla Rare Earth Project is centred on the Ngualla Carbonatite in southern Tanzania, 147 kilometres from the city of Mbeya on the edge of the East African Rift Valley. The name ‘Ngualla’ comes from the Swahili word for ‘bald head’, which reflects the appearance of the hill mostly bare land on which there... is no habitation, agriculture, grazing or reserves. The weathered Bastnaesite Zone that is the target for development occurs as a thick blanket of high grade rare earth mineralisation from surface on Ngualla Hill. Rare earths are contained within the mineral bastnaesite within a weathered host rock that contains very low levels of phosphate, carbonate, uranium and thorium compared to other rare earth deposits. This makes it easy-to-mine by low strip ratio open pit techniques and subsequently upgraded to a high grade processed concentrate through a multi stage processing plant on site. The Total All Resources Mineral Resource estimate for the Ngualla Project above a 1% REO cut-off is 214.4 million tonnes at 2.15% REO, for 4,620,000 tonnes of contained REO. Included in this Mineral Resource is the Weathered Bastnaesite Zone Mineral Resource, the measured and indicated portions of which form the basis of the Ore Reserve estimate. At a 1% REO lower grade cut-off the Mineral Resource estimate for the Weathered Bastnaesite Zone is 21.3 million tonnes at 4.75% REO, for 1,010,000 tonnes of contained REO. Details of the Mineral Resource estimate are contained within the ASX Announcement Higher grade Resource for Ngualla nearly 1 million tonnes REO as of 22 February 2016. The Ore Reserve estimate for the Ngualla Project is 18.5 million tonnes at 4.80% REO for 887,000 tonnes of contained REO. ASX Announcement Ngualla Rare Earth Project Updated Ore Reserve as of 12 April 2017 provides further details and assumptions. The Ore Reserve represents just 22% of the Total All Resources Mineral Resource but is sufficient to support a mine life of 26 years. The Company plans to export approximately 32,700 tonnes per annum of rare earth concentrate grading 45% REO from Tanzania to the UK refinery. Ngualla is also host to widespread, high grade niobium-tantalum, phosphate, fluorspar and barite mineralisation. These additional commodities are at an early stage of evaluation and represent potential upside opportunities for additional products from the project. Tanzania is politically stable and has a well-established mining culture, being the fourth largest gold producer in Africa. Existing transport infrastructure together with a low tonnage, high value product will enable cost effective transport from Ngualla to the deep water port in Dar es Salaam. PEAK RESOURCES NGUALLA RARE EARTH PROJECT - UNDERSTOOD - DE-RISKED - COMPETITIVE - MANAGEABLE - READY TO BE DELIVERED!

23.01.2022 Wide zones of high grade fluorite identified at Ngualla $PEK - http://bit.ly/2m1yDpz

23.01.2022 Peak Resources has designed a Multi-Stage Processing Plant that will be located on site at Ngualla to produce 32,700 tonnes per annum of rare earth concentrate grading 45% REO. The plant comprises the following: A ROM pad to receive mine production and blend plant feed to redefined specifications. A comminution circuit incorporating primary crushing, grinding and classification.... Beneficiation of the ground feed utilising reverse gangue flotation, regrinding and rare earth flotation to produce a high grade/low mass concentrate. A segmented Tailings Storage Facility (TSF) for safe disposal of waste solids and water reclaim. The entire flowsheet has been modelled by Amec Foster Wheeler using SysCAD software to provide a detailed mass and energy balance model. Operating and capital costs have been determined on the basis of the model outputs. Peak Resources plans to spend approx a Capex of US$ 200 million incl. 15% contingency plus 5% owners costs and an Opex of approx. US$ 51 million. PEAK RESOURCES NGUALLA RARE EARTH PROJECT - UNDERSTOOD - DE-RISKED - COMPETITIVE - MANAGEABLE - READY TO BE DELIVERED!

21.01.2022 Peak Resources Quarterly Activities Report and Appendix 5B $PEK - http://bit.ly/2jKEnDy

21.01.2022 our added value proposition in a nutshell

18.01.2022 2016 AGM Presentation - http://bit.ly/2gfCejZ

16.01.2022 Peak Resources is an Australian listed company aiming to become one of the lowest cost players in the rare earth industry. Located in Tanzania, Ngualla is one of the world’s largest and highest grade undeveloped Neodymium and Praseodymium (NdPr) deposit. Combined with the unique advantages of its own rare earth refinery in Tees Valley, UK, Peak Resources is developing the Ngualla-Tees Valley project into a next generation fully-integrated NdPr rare earth project. NdPr are the key enabling raw materials of permanent magnet motors, the heart of the electric mobility revolution.

13.01.2022 $1.8 million received for 2015/2016 R&D rebate $PEK - http://bit.ly/2hV2Jti

12.01.2022 Results of Annual General Meeting - http://bit.ly/2fUYLhU

11.01.2022 Half Year Report and Accounts 31 December 2016 $PEK - http://bit.ly/2nmi3ol

10.01.2022 Environmental Certificate received for Ngualla $PEK - http://bit.ly/2n4Pk69

10.01.2022 High grade fluorite mineralisation discovered at Ngualla $PEK - http://bit.ly/2jSdm09

05.01.2022 Investor Presentation - January 2017 $PEK - http://bit.ly/2jCr0En

04.01.2022 Peak has designed a Multi-Stage Processing Plant that will be located on site at Ngualla to produce 32,700 tonnes per annum of rare earth concentrate grading 45% REO. The plant comprises the following:... A ROM pad to receive mine production and blend plant feed to predefined specifications. A comminution circuit incorporating primary crushing, grinding and classification. Beneficiation of the ground feed utilising reverse gangue flotation, regrinding and rare earth flotation to produce a high grade/low mass concentrate. A segmented Tailings Storage Facility (TSF) for safedisposal of waste solids and water reclaim.

03.01.2022 The next industrial rEVolution! Neodymium (Nd) and praseodymium (Pr) are the core ingredients for manufacturing permanent magnets (NdFeB magnets), which are used in high-efficiency electric-motors and generators, the heart of the next industrial revolution, enabling low carbon technologies, like wind energy, E-mobility and many others. The demand for NdPr is expected to grow rapidly as one of the core enablers for the upcoming new technology chapter. Peak Resources production... basket is in line with the highest value and growth market. NdPr accounts for 80% of Peak Resources’ revenue and represents the main focus of the marketing sales and business development strategy. With its unique Ngualla deposit in Tanzania, Peak Resources is perfectly positioned to become a sustainable and long term supplier to meet increased global demand. PEAK RESOURCES NGUALLA RARE EARTH PROJECT - UNDERSTOOD - DE-RISKED - COMPETITIVE - MANAGEABLE - READY TO BE DELIVERED!

02.01.2022 Mineral Resource estimate re-stated to include barite $PEK - http://bit.ly/2lsHGOJ

02.01.2022 Rare Earth Refinery site selected in United Kingdom $PEK - http://bit.ly/2g1UiOR