Barkly Rare Earths Limited operates as a mineral exploration company that engages in the discovery and development of economic mineral deposits in Australia and overseas. The company focuses on acquiring, exploring, and developing mineral resource projects. The company’s flagship project includes The Barkly Project, located approximately 350 kilometers northeast of Tennant Creek in the Northern Territory, Australia. Its Barkly property is a rare earths and vanadium exploration and development asset covering 5,030 km², hosting the Vanadis and Benmara prospects and targets REE-rich quartz sandstone mineralization. Additionally, it owns 100% of The Buntine Project, located approximately one hundred kilometers southeast of Lake Argyle in the Northern Territory, Australia, granted exploration licenses covering 1,876 square kilometers. The company's projects primarily target rare earth elements, vanadium, other critical minerals and base metals. The company was formerly known as Transition Minerals Limited and changed its name to Barkly Rare Earths Limited in November 2025. Barkly Rare Earths Limited was incorporated in 2020 and is based in West Perth, Australia.