Australian Rare Earths advises that Dudley Kingsnorth will transition from Chairman to Non-executive Director at the Company's Annual General Meeting on 8 November 2023. Mr. Kingsnorth will be replaced as Chairman by current Non-executive Director Angus Barker. Mr. Barker is a highly experienced investment banker and has served as a senior adviser to Australian Government Ministers.

Mr. Kingsnorth said the rapid success at the Company's Koppamurra rare earths project in South Australia meant it was the right time for him to step aside as Chairman and make way for those who would lead Koppamurra on the next leg of its growth and development.