Globally Significant Maiden JORC 2012 Resource of 13 Million Tonnes at 1.13% TREO

HIGHLIGHTS

• Significant Maiden JORC 2012 Inferred Resource of 13Mt at 1.13% TREO

• Equivalent to more than 147 million kilograms TREO

• Neodymium Praseodymium oxide currently trading at circa US$45 per kilogram

• Sagon now ranked in the Top-5 Australian rare earths projects on the ASX1

• Deposit outcrops and has dimensions amenable to low strip ratio open pit mining

• Drilling program and passive seismic survey planned for Q4 CY2019

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