Brazilian Rare Earths Limited (BRE.AX) Annual Report to Shareholders

Brazilian Rare Earths Limited's (ASX:BRE) focus is on the exploration and development of mineral exploration tenements in the Rocha da Rocha rare earths province in Bahia State, Brazil.

The Rocha da Rocha province has a number of comparative advantages including:

- Ready access to critical infrastructure Low-cost, hydroelectric power.

Deep water export port <269 km away via sealed road.

Ready access to cost-competitive local labour.

Affordable land and lower risk permitting process.

- Mature mining jurisdiction

Brazil is an advanced mining jurisdiction with a stable regulatory regime.

Leading global mining companies have successfully operated in Brazil for decades including BHP, Vale, Anglo American, Rio Tinto and South32.

Brazil has well-developed rare earth testing and engineering capabilities.

- Well established permitting process

Bahia State permitting process is highly favourable compared to many other Brazilian States.

Environmental licence to develop the site, granted after baseline monitoring, stakeholder engagement.

Installation licence to build site infrastructure, granted subsequent to Environmental licence and after government reviews design.

Operations licence to begin commercial operations, granted upon government review of site infrastructure.

*To view the Annual Report, please visit:
https://abnnewswire.net/lnk/SAQK92S7

Bernardo da Veiga
MD and CEO
Brazilian Rare Earths
bdv@brazilianrareearths.com

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