Australian sustainable rare earths company RareX Limited (ASX: REE) (RareX or the Company) is pleased to announce the appointment of highly experienced mining executive, Mr Danny Goeman, to its Board as a Non- Executive Director.

The appointment further strengthens the Company’s strategic planning, marketing and sales capabilities as it progresses the development of its flagship Cummins Range Rare Earths-Phosphate Project in the Kimberley region of Western Australia.

Mr Goeman has over 20 years of marketing and sales experience including industry analysis, price negotiation, market segmentation and product placement across multiple commodities and multiple jurisdictions including Australia, Asia and Europe.

He was previously the global director of sales & marketing and shipping at Fortescue Metals Group (ASX: FMG) for four years before becoming a senior advisor to the chief executive in September 2022.

Prior to FMG, he was head of marketing at international potash development company, Danakali (ASX: DNK), where he developed the off-take strategy and off-take contract frameworks and led the off-take negotiations on behalf of the Colluli Mining Share Company. He became its chief executive from September 2017 to August 2018.

Prior to Danakali, Mr Goeman worked within Rio Tinto and held leading roles in commodity price negotiations, market analysis, market segmentation and price forecasting.

Commenting on the appointment, RareX Managing Director, Jeremy Robinson, said: “Danny’s appointment brings invaluable marketing and commercial expertise which will be key to unlocking the full value of the products we plan to produce at Cummins Range.

“Danny’s expertise and global connections will be extremely important to us as we move through the Pre- Feasibility Study, secure off-take partners and move forward to financing following the planned resource upgrade later this month.”

The Company has agreed to issue 4,500,000 unquoted options to Mr Goeman with an exercise price of $0.10 each and expiring 1 March 2026. Further details are set out in the Appendix 3G of today’s date and in Appendix 1 to this announcement.

This announcement has been authorised for release by the Board of RareX Limited.

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