Announcement PDF ASX : AXL ACN: 665 921 273 832 High St Kew East VIC Australia 3102 www.axelreelimited.com.au info@axelreelimited.com.au ASX ANNOUNCEMENT ASX: AXL | FSE: HN8 2 October 2026 Investor Webinar: REE-Gallium Mineral Resource Upgrades Axel REE Limited (ASX: AXL, FSE: HN8, Axel or the Company) invites shareholders and investors to attend an investor webinar with Managing Director, Dr Patience Mpofu on Wednesday, 7 October at 11:00am AEDT. Dr Mpofu will discuss the recently announced Caladão Project Mineral Resource Estimate (MRE) upgrades, with the global MREs expanding to 709Mt REE and 576Mt Gallium. The expansion includes the Woolrich MRE more than doubling to 265Mt, with a maiden 110Mt Indicated resource. Woolrich is the Company’s selected inaugural in-situ recovery (ISR) field validation area. The webinar will also provide an update on the Company’s broader REE and Gallium strategy and upcoming development priorities, followed by an investor Q&A. Participants can register for the webinar via the following link: https://us02web.zoom.us/webinar/register/WN_2RX5mjwiSLmLpJsn7XEbHA Once registered, participants will receive a confirmation email containing details on how to access the webinar. A recorded copy of the webinar will be made available following the event. This announcement was authorised by the Board of Directors. For enquiries regarding this release please contact: Dr Patience Mpofu Managing Director E: patience@axelreelimited.com.au Gabriella Hold The Capital Network E: gaby@thecapitalnetwork.com.au Julia Maguire The Capital Network E: julia@thecapitalnetwork.com.au About Axel REE Axel REE is a critical minerals exploration company which is primarily focused on developing the Caladão REE-Gallium and Caldas REE Projects in Brazil, the second largest country globally in terms of REE reserves. Axel is advancing a low impact development concept at Caladão based on in situ recovery (ISR) of ionic clay-hosted rare earth elements mineralisation using magnesium sulphate leaching. This approach aims to minimise surface disturbance and capital intensity by deploying modular plants within targeted wellfields. In parallel, Axel is progressing development of gallium and scandium within the near-surface oxidised profile. ASX : AXL ACN: 665 921 273 832 High St Kew East VIC Australia 3102 www.axelreelimited.com.au info@axelreelimited.com.au 2 Deposit JORC Category Tonnes (Mt) TREO (ppm) Caladão Area A Inferred 233.00 2,133 Marambaia Inferred 126.00 1,154 Tiger Creek Inferred 85.00 1,050 Woolrich Inferred 154.51 1,120 Woolrich Indicated 110.08 1,073 Total Caladão Inferred 598.51 1,512 Total Caladão Indicated 110.08 1,073 Total MRE Inferred + Indicated 708.6 1,443 Global REE Mineral Resource Estimate at the Caladão Project, Minas Gerais (refer ASX release 24 September 2026) Deposit JORC Category Tonnes (Mt) Gallium (ppm) Caladão Area A Inferred 100.00 42.23 Marambaia Inferred 126.07 35.80 Tiger Creek Inferred 85.02 40.10 Woolrich Inferred 154.51 34.48 Woolrich Indicated 110.08 35.05 Total Caladão Inferred 465.60 37.53 Total Caladão Indicated 110.08 35.05 Total MRE Inferred + Indicated 575.68 37.05 Global Gallium Mineral Resource Estimate at the Caladão Project, Minas Gerais (refer ASX release 24 September 2026)