Announcement PDF ANNUAL REPORT 2026 EMAIL investor@adavaleresources.com WEBSITE www.adavaleresources.com TELEPHONE +61 2 9127 9852 ADAVALE RESOURCES LIMITED AND ITS CONTROLLED ENTITIES TABLE OF CONTENTS FOR THE YEAR ENDED 30 JUNE 2026 CORPORATE DIRECTORY................................................................................................................................4 LETTER TO SHAREHOLDERS..........................................................................................................................5 REVIEW OF OPERATIONS................................................................................................................................6 DIRECTORS’ REPORT .....................................................................................................................................21 AUDITOR’S INDEPENDENCE DECLARATION............................................................................................29 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME ..30 CONSOLIDATED STATEMENT OF FINANCIAL POSITION .....................................................................31 CONSOLIDATED STATEMENT OF CASH FLOWS ....................................................................................32 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY ......................................................................33 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS................................................................34 CONSOLIDATED ENTITY DISCLOSURE STATEMENT…………….…………………………………….53 DIRECTORS’ DECLARATION.........................................................................................................................54 INDEPENDENT AUDITOR’S REPORT...........................................................................................................55 ADDITIONAL SHAREHOLDER INFORMATION ..........................................................................................59 4 ADAVALE RESOURCES LIMITED AND ITS CONTROLLED ENTITIES CORPORATE DIRECTORY Directors & Management Allan Ritchie (Executive Chairman & CEO) Maurice (Nic) Matich (Non-executive Director) David Ward (Non-executive Technical Director) Leonard Math (Chief Financial Officer & Company Secretary) Registered Office Level 2, 49 Oxford Close, West Leederville WA 6007 Telephone: (61) 02 8003 6733 Email: investor@adavaleresources.com Share Registry Automic Level 5, 126 Phillip Street Sydney NSW 2000 Telephone: 1300 288 664 Auditor HLB Mann Judd Level 4, 130 Stirling Street Perth WA 6000 Stock Exchange Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000 ASX Code ADD 5 CHAIRMAN’S LETTER Dear Shareholders, It is my pleasure to present Adavale Resources Limited's Annual Report for the financial year ended 30 June 2026, a year that has fundamentally reshaped your Company. Twelve months ago, Adavale stood at the beginning of a genuine transformation. We had acquired the Parkes Gold- Copper Project in early 2025, delivered a maiden JORC Mineral Resource of 115koz Au at London-Victoria in May 2025, and set about proving what we believed was an overlooked opportunity in one of Australia's most productive gold jurisdictions. This year was about turning that conviction into results. Belt-Scale Consolidation The most significant strategic step of the year was the June 2026 acquisition of the Calarie Gold Mining Licence (ML739) and three adjoining exploration licences. The transaction increased Adavale's global gold Mineral Resource by 44% to 166koz Au and consolidated a contiguous 70km belt-scale landholding along the Parkes Thrust, a corridor that hosts London-Victoria, Calarie and multiple regional prospects, and sits alongside world- class producers including Cadia Ridgeway and Northparkes. Importantly, the tenure was acquired via 100% scrip consideration at a premium to market, with clean title and no NSR encumbrance, a structure that reflected both the vendors' confidence in Adavale and our own discipline around capital allocation. We complemented that step with a portfolio rationalisation, entering into a binding term sheet in June 2026 for the sale of our non-core Marree Embayment Uranium Portfolio to Orpheus Uranium Ltd (ASX: ORP) for cash and shares, sharpening the Company's strategic focus on gold and copper while retaining meaningful uranium price exposure. Systematic Resource Delivery at London-Victoria Underpinning the strategic work has been sustained operational execution at London-Victoria. Two rigs operated continuously across the year, completing a systematic 85-hole infill drillout at 25m spacing designed to support a full JORC classification upgrade. Highlights included consistent wide and high-grade intercepts across the 1.5km- long open pit, culminating in an exceptional 19m @ 4.0g/t Au intersection reported in August, well outside the existing Resource envelope. Preliminary metallurgical sighter test work returned encouraging cyanide leach recoveries of 81–83%, and historical drilling compilation identified six additional near-mine satellite prospects, including standout intercepts such as 11m @ 4.94g/t Au at Drapers and 9m @ 4.90g/t Au at Nibblers Hill, establishing a strong pipeline of walk-up drill targets across the corridor. Events Subsequent to Year End Post-period, on 22 September 2026, Adavale delivered a substantial update to the Parkes Gold Resource, more than tripling the inventory to 383,300oz Au. London-Victoria itself grew 228% to 263,000oz, with 126,200oz classified as Indicated straight up, validating both the quality of the deposit and the systematic approach we have taken to defining it. A Scoping Study is now underway. Acknowledgements None of this would have been possible without the dedication of our small but exceptional team, led by Managing Director David Ward, whose technical leadership has been central to the resource growth reported this year. My thanks also to my fellow director, Nic Matich and our CFO and Company Secretary, Leonard Math, for their counsel and support throughout what has been an extraordinarily busy period. Finally, thank you to our shareholders for your continued confidence in Adavale. Twenty months ago, this project had no JORC-compliant resource. Today, we sit on 383,300oz of gold, a consolidated 610km² belt-scale landholding, a Scoping Study in progress and a clear pathway to advance London-Victoria toward development. The year ahead promises to be equally consequential. Allan Ritchie Executive Chairman & CEO 6 ADAVALE RESOURCES LIMITED AND ITS CONTROLLED ENTITIES REVIEW OF OPERATIONS NATURE OF OPERATIONS The principal activities of the Group during the year were mineral exploration in Australia for Gold and Uranium and Tanzania for Nickel. The following sets out the major changes to the Group from both a corporate and operational perspective during the reporting period and up to the date of the Directors’ report. Review of Operations The 2026 Financial Year (“FY2026” or the “Reporting Period”) was a period of consolidation and delivery for Adavale Resources. Following the transformational acquisition of the Parkes Project in January 2025, the Company completed its repositioning as a gold and copper focused explorer–developer in the Lachlan Fold Belt of New South Wales, one of Australia’s premier mineral provinces. Activity during the reporting period was concentrated on the historic London-Victoria Gold Mine, where Adavale completed three successive reverse circulation (“RC”) drilling programmes, the first drilling undertaken at the mine since 1997, and commissioned the first modern structural geology study of the deposit since mining ceased in the 1990s. This work culminated in a systematic resource drillout designed to underpin an updated Mineral Resource Estimate (“MRE”). In parallel, the Company expanded its landholding along the gold-bearing Parkes Thrust corridor, entered into agreements to acquire the Calarie Gold Mining Licence and adjoining exploration tenure, and agreed terms for the divestment of its non-core Marree Embayment uranium portfolio. PARKES GOLD AND COPPER PROJECT, NSW AUSTRALIA Consolidating a Belt-Scale Position along the Parkes Thrust The Parkes Project lies adjacent to the Northparkes (Evolution Mining Ltd; ASX:EVN) copper-gold mine and encompasses Ordovician-aged rocks of the Macquarie Arc together with the structurally controlled gold corridor of the Parkes Thrust, which also hosts the Tomingley and Peak Hill deposits (Alkane Resources Ltd; ASX:ALK). On 17 February 2026 the Company completed the acquisition of a package of Exploration Licences adjacent to its existing tenure from Alkane Resources Limited, securing ground immediately surrounding the Ashes Prospect and areas along strike from London-Victoria, and enabling a more integrated exploration approach across a contiguous landholding1 . Subsequent to the reporting period, on 9 July 2026, the Company announced the grant of EL9918 (formerly ELA7017) and completion of the transfer of EL9178 from Alkane, both of which consolidate the Company’s position along the London-Victoria to Calarie gold corridor2 . The London-Victoria Gold Mine The London-Victoria Gold Mine is located within EL7242, approximately 5km south-west of Parkes. The deposit was mined periodically from 1874, with the most recent open pit operations conducted by BHP Gold and subsequently Hargraves Resources between 1988 and 1996, producing an estimated 200,000-250,000 ounces of gold. Mining ceased primarily as a consequence of the low gold price prevailing in the mid to late 1990s. In May 2025 Adavale reported its maiden JORC (2012) Inferred Mineral Resource Estimate (MRE) of 3.8Mt at 0.95g/t Au for 115koz at the London-Victoria Gold Project based purely on historical drilling data. Subsequent to reporting period, the London-Victoria Gold Project MRE increased by 233% to 9.74Mt at 0.84g/t Au for 263koz.3 1 Refer ASX announcement dated 17 February 2026 “Acquisition of Adjacent Strategic Exploration Tenure” 2 Refer ASX announcement dated 9 July 2026 “Walk-Up Drill Targets & 9.2g/t Au Surface Hit at Ashes” 3 Refer ASX announcement dated 22 September 2026 “From Zero to 383koz Gold in 20 Months” 7 Figure 1: Adavale’s Parkes Project Tenements in the Lachlan Fold Belt of NSW Maiden RC Drilling Programme On 1 July 2025 the Company announced the mobilisation of RC drilling contractor DRILLIT to the London-Victoria Mine to commence a maiden 10-hole, 2,200m drilling programme targeting shallow extensions to the known mineralisation4 . Following positive early results and geological review, the programme was expanded to 14 holes and was completed on 4 August 2025 with 2,060 metres drilled5 . All holes successfully intersected the targeted mineralised shear zone. Nine holes were drilled from the eastern flank and along the southern strike of the existing pit, with five holes drilled from within the pit itself. Samples were analysed by Onsite Laboratory Services in Bendigo, and Groundsearch conducted downhole optical televiewer logging of selected holes to provide detailed structural imaging of the controls on mineralisation. The assay results represented the first drill results reported from the gold project since 19976 . Notable intercepts included: • 48m @ 0.82g/t Au from 133m, including 25m @ 1.17g/t Au from 144m (ALRC014) • 10m @ 1.95g/t Au from 149m, including 1m @ 8.3g/t Au (ALRC001) 4 Refer ASX announcement dated 1 July 2025 “Drilling Commences at London Victoria Mine” 5 Refer ASX announcement dated 4 August 2025 “London Victoria Maiden Drilling Campaign Completed” 6 Refer ASX announcements dated 8 September 2025 “Shallow High-Grade Gold Intercepts Confirm Growth Upside” and 24 September 2025 “Wide Gold Intercepts Confirm Open Mineralisation” 8 • 3m @ 6.64g/t Au from 10m, including 1m @ 14.6g/t Au (ALRC011) • 12m @ 1.48g/t Au from 38m (ALRC004) • 9m @ 0.91g/t Au from 4m (ALRC005) • 6m @ 1.69g/t Au (ALRC008), 8m @ 0.71g/t Au (ALRC007) and 3m @ 1.92g/t Au from 9m (ALRC009) The ALRC014 intercept extended gold mineralisation approximately 100 metres below the pit floor and well outside the May 2025 Mineral Resource Estimate, and was the widest intercept recorded at London-Victoria in 30 years. Magnetic susceptibility readings collected routinely during the programme indicated that alteration associated with the gold mineralisation destroys primary magnetite, meaning that a magnetic low will reliably act as a proxy for mineralisation and will be of significant value in future drill targeting. Figure 2: ALRC014 Cross Section showing the intercept approximately 100m below the pit floor, with red arrows indicating mineralisation open at depth. Structural Geology Study and Historic Grade Control Data On 17 November 2025, Adavale announced the completion of a detailed independent structural geology study at London-Victoria, coupled with the recovery and analysis of historic BHP Gold grade control data obtained from the site7 . This work was led by independent structural geologist Ian E. Neilson MSc and represents the first modern structural study undertaken at London-Victoria since mining operations ceased in the 1990s. The study identified a major east-dipping shear and associated anticline as the primary control for gold mineralisation over a 1.5km strike length. This interpretation also highlighted the potential for fold repeats and stacked mineralised zones at depth, plunging to the south, further indicating significant upside potential for resource growth extending beyond the existing Mineral Resource Estimate. The model has been progressively refined through successive drilling campaigns and continues to underpin the Company’s targeting. 7 Refer ASX announcement dated 17 November 2025 “Major Resource Growth Uncovered at London-Vic” 9 Figure 3: Schematic structural geology cross section for the southern portion of the London-Victoria Pit Phase 2 RC Drilling Programme The Phase 2 RC drilling programme commenced on 3 December 20258 and was completed on 18 December 2025, with 12 holes drilled for 2,411 metres9 . The programme was designed to test extensions to mineralisation beneath the southern portion of the existing open pit and to follow up the ALRC014 intercept within the mineralised shear corridor, with targeting informed by the newly completed 3D structural model. Results announced on 20 January 2026 delivered the highest grade gold drilling intercepts recorded at London- Victoria to that date10 . Notable intercepts included: • 14m @ 2.62g/t Au from 133m (ALRC018) • 23m @ 1.64g/t Au from 142m, within 28m @ 1.39g/t Au, including intervals of up to 2m @ 5.17g/t Au (ALRC020) • 28m @ 1.53g/t Au (ALRC019) • 31m @ 0.71g/t Au, including 6m @ 1.39g/t Au (ALRC025) Final assay results from the remaining seven holes (1,476 metres) were announced on 9 February 202611 . The programme returned multiple wide zones of gold mineralisation both within and outside the current Mineral Resource Estimate, confirming the continuity and robustness of the system and validating the Company’s structural interpretation. Mineralisation remained open at depth, down plunge and along strike, with only a limited portion of the overall system being tested at that date. 8 Refer ASX announcement dated 3 December 2025 “High Conviction Phase 2 Drilling Underway at London-Vic” 9 Refer ASX announcement dated 22 December 2025 “High Conviction Drilling Completed” 10 Refer ASX announcement dated 20 January 2026 “Highest Grade Intercept at London Victoria” 11 Refer ASX announcement dated 9 February 2026 “London-Victoria Continues to Deliver” 10 Phase 3 Systematic Resource Drillout Following completion of the Phase 2 programme, the Company commenced a Phase 3 RC drilling campaign during the March 2026 quarter12 . The programme was designed as a systematic, model-driven drillout targeting extensions to mineralisation along strike and at depth, with the objective of expanding and upgrading the London-Victoria Mineral Resource. The initial programme comprised approximately 6,000 metres of RC drilling and was subsequently extended, with a second drill rig mobilised to site during the June 2026 quarter to enable continuous drilling. As extended, the programme targeted 88 holes for approximately 18,000 metres on 25 metre spacing. First assay results from the drillout, covering six holes, were announced on 30 April 202613 . Northern-area intercepts confirmed the continuity of structurally controlled higher-grade lodes below the open pit, while southern-area intercepts confirmed broader zones of consistent mineralisation. Notable intercepts include: • 10m @ 2.11g/t Au from 180m, including 1m @ 12.1g/t Au (ALRC031) • 6m @ 2.96g/t Au from 219m, including 4m @ 4.18g/t Au (ALRC028) • 31m @ 0.91g/t Au from 147m, within 54m @ 0.75g/t Au at a 0.3g/t Au cut-off (ALRC034) • multiple mineralised intervals within 52m @ 0.64g/t Au from 132m (ALRC035) On 24 June 2026 assay results were reported for a further 13 drillholes representing 2,751 metres of the 14,155 metres drilled by Adavale to that date14 . Notable intercepts include: • 19m @ 1.36g/t Au from 149m (ALRC059) • 47m @ 0.68g/t Au from 121m (ALRC056) • 23m @ 0.87g/t Au from 108m (ALRC058) • 4m @ 3.60g/t Au from 190m (ALRC029) Subsequent to the reporting period, assay results from the remaining holes were reported progressively, with the final batch announced on 26 August 202615 . Total drilling completed by Adavale at London-Victoria since acquisition now stands at 85 holes, comprising 82 RC and three diamond drillholes. None of these holes are included in the May 2025 Mineral Resource Estimate. Notable intercepts reported after the Reporting Period include: • 19m @ 4.00g/t Au from 148m at a 0.3g/t Au cut-off, including 16m @ 4.65g/t Au from 151m at a 1.0g/t Au cut-off (ALRC076) • 31m @ 1.29g/t Au from 133m at a 0.3g/t Au cut-off (ALRC070) • 38m @ 0.87g/t Au from 138m at a 0.3g/t Au cut-off, including 7m @ 2.16g/t Au from 138m at a 1.0g/t Au cut- off (ALRC073) 12 Refer ASX announcement dated 26 March 2026 “Accelerating Resource Growth at London-Victoria” 13 Refer ASX announcement dated 30 April 2026 “Drillout Assays Build Momentum for Resource Growth” 14 Refer ASX announcement dated 24 June 2026 “Solid Gold Assays up to 10.3 g/t Au from Resource Drillout” 15 Refer ASX announcements dated 7 July 2026, 6 August 2026, 13 August 2026, 18 August 2026 and 26 August 2026 11 Figure 4: Plan View of the London-Victoria Open Pit displaying all Adavale Drillholes to date 12 Metallurgical Testwork Preliminary metallurgical sighter testwork16 was completed during the June 2026 quarter by Fremantle Metallurgy on three RC drill reject composite samples from holes ALRC001 and ALRC014, comprising Northern Pit high-grade, Southern Pit high-grade and Southern Pit low-grade material. Standard 24-hour cyanide bottle roll leach tests returned rapid initial leach kinetics, with approximately 68–70% gold recovery within the first two hours and final 24-hour recoveries of approximately 81–83% for the two high-grade composites. The low-grade composites returned approximately 68% recovery after 24 hours, and reagent consumption was low across all three composites. The testwork is preliminary in nature and based on a limited number of composite samples from RC drill reject material. Further metallurgical testwork is planned using diamond core from the most recent drilling programme. Near-Mine Targeting and the Victoria South Prospect On 7 April 2026 the Company announced the identification of multiple high-quality near-mine gold targets at London-Victoria, based on a systematic review of historic surface geochemistry integrated with historical drilling and high-resolution geophysical data, including drone magnetic surveys17 . Targets included the Victoria South Prospect, a coherent soil gold anomaly with peak values of up to 600ppb Au immediately south of the existing Mineral Resource. On 9 April 2026 the Company reported a review and compilation of historic drilling completed by Sipa Exploration NL and Michelago Resources NL in the mid-1990s at Victoria South, which confirmed shallow gold mineralisation at bonanza grades directly along strike from the existing Mineral Resource18 . Notable intercepts include: • 1m @ 245.5g/t Au from 22m (KGC12) • 17m @ 1.53g/t Au from 12m (KGC10) • 13m @ 2.25g/t Au from 41m (KGC11) • 15m @ 1.68g/t Au from 36m (KGC14) • 11m @ 2.37g/t Au from 16m (KGC17) Victoria South is interpreted as a direct extension of the London-Victoria mineralised system within the same structural corridor. With tenure consolidated during the year, the historic dataset was incorporated into the Company’s geological model for the first time, providing a strong foundation for follow-up drilling. Subsequent to the reporting period, on 22 July 2026, the Company announced the results of a systematic compilation of historic drillhole data across six further near-mine prospects — Drapers, Nibblers Hill, Waterhouse, Somers, McGuiggans and Armstrongs19 . Notable intercepts include 11m @ 4.94g/t Au from 9m (DR02) at Drapers, 9m @ 4.90g/t Au from 28m (NB-05) at Nibblers Hill, 4m @ 4.55g/t Au from 4m (WH002) at Waterhouse, 8m @ 3.20g/t Au from 36m (PN31) at Somers and 32m @ 0.93g/t Au from 24m (AR45) at Armstrongs. 16 Refer ASX announcement dated 26 August 2026 “Drillout Success Set to Drive Upgraded MRE & Scoping Study” 17 Refer ASX announcement dated 7 April 2026 “Exciting Near-Mine Targets at London-Victoria” 18 Refer ASX announcement dated 9 April 2026 “Bonanza Gold Grades up to 245 g/t at Victoria South” 19 Refer ASX announcement dated 22 July 2026 “Shallow High-Grade Gold Builds Near-Mine Pipeline” 13 Figure 5: Near mine surface gold anomalies Figure 6: Victoria South historic drill sections 14 Belt-Scale Consolidation: Acquisition of the Calarie Gold Mining Licence (ML739) On 1 June 2026 Adavale announced that it had entered into binding agreements to acquire the Calarie Gold Mining Licence (ML739) and three adjoining Exploration Licences (EL8555, EL8580 and EL9741), contiguous with the Company’s existing Parkes Project tenure20 . The agreements comprised a tenement sale agreement with Orange Minerals (NSW) Pty Ltd and Godolphin Tenements Pty Ltd to acquire 100% of EL8580, EL8555 and ML739; a share sale agreement with the shareholders of Parker Hill Pty Ltd to acquire 100% of the shares in Parker Hill, which holds EL9741; and a deed of partial release and amendment with Monarch Royalty & Investments Pty Ltd to release the existing net smelter return royalty over EL8580, EL8555 and ML739. Consideration comprised 22,500,000 fully paid ordinary shares at a deemed issue price of $0.05 per share: 7,905,000 to Orange, 7,595,000 to Godolphin, 4,000,000 to the Parker Hill shareholders and 3,000,000 to Monarch, together with options exercisable at $0.10 and options exercisable at $0.20, in each case on or before 31 December 2029. Consideration shares issued to the vendors under the tenement sale and share sale agreements are subject to voluntary escrow for six months from the date of execution. All tenure was to be acquired with clean title, 100% ownership and no net smelter royalty attached. Completion was conditional upon several conditions precedent, including shareholder approval, regulatory approvals, third-party approvals and consents, execution of deeds of assignment and assumption, and execution of the Monarch deed, with an end date of 30 November 2026. Shareholder approval was obtained at a general meeting held on 17 July 2026, and the consideration securities were issued on 3 August 2026. Following completion, the Parkes Project comprises 11 granted Exploration Licences and one Mining Licence covering approximately 610km² across 70 kilometres of contiguous strike along the Parkes Thrust. The Calarie deposit hosts a JORC (2012) Inferred Mineral Resource of 0.87Mt @ 1.83g/t Au for 50,796 ounces, originally reported by Orange Minerals NL (ASX:OMX) on 13 February 202321 . Significant exploration upside remains, with historical and recent drilling returning high-grade intercepts including 16m @ 15.9g/t Au from 98m (CARC069), 13.7m @ 7.6g/t Au from 55.3m (CARCD001) and 17m @ 5.7g/t Au from 34m (OCRC006). The acquired tenure also includes several regional prospects, including Armstrongs, Nibblers Hill, Waterhouse and Toss of a Penny; due diligence surface sampling returned assays of 20.9g/t Au from mullock at Nibblers Hill and 2.41g/t Au and 1.01g/t Au at Toss of a Penny. Exploration Work at Ashes & Myalls Prospects Located within the Parkes Project are the highly prospective Ashes and Myalls Prospects, situated approximately 10km east of the Northparkes Mine. On 26 August 2025 Adavale announced that it was advancing the Ashes Prospect by focusing on collecting more detailed geophysical data to refine future drilling targets22 . A high- resolution ground magnetics survey covering 11.9km² on 50 metre line spacing, totalling 238 line kilometres, was undertaken across the broader Ashes–Myalls Prospect, together with an induced polarisation (“IP”) survey comprising four 1,600 metre lines spaced 200 metres apart, undertaken proximal to a previously defined strong 50mV/V chargeability anomaly which remains open to the north. On 23 February 2026 the Company reported the results of an integrated review of the geophysical and geochemical datasets23 . This work identified a significant chargeability anomaly, interpreted to represent sulphide-bearing mineralisation within a broader hydrothermal system, spatially associated with elevated gold, copper and silver values from surface sampling. The scale and nature of the anomaly, combined with supporting geochemical data, highlight the potential for a larger-scale mineralised system, including possible porphyry-style mineralisation. Subsequent to the Reporting Period, high-grade surface sampling at Ashes returned a peak result of 9.2g/t Au, 4.5g/t Ag and 660ppm Cu within newly granted EL9918, complementing previously reported rock chip results of 10.65g/t Au, 1.98% Cu and 158g/t Ag on adjoining EL8831, establishing a walk-up greenfields drill target. 20 Refer ASX announcement dated 1 June 2026 “Gold Resource Reaches 166koz Au via Belt Scale Consolidation” 21 Refer Orange Minerals NL (ASX:OMX) ASX announcement dated 13 February 2023 “Maiden JORC Resource at Calarie Project” 22 Refer ASX announcement dated 26 August 2025 “Drill Target Definition Advancing at Ashes Prospect” 23 Refer ASX announcement dated 23 February 2026 “Porphyry Target Identified from IP at Broader Ashes Prospect” 15 Figure 7: Ashes IP Survey 3D chargeability and resistivity anomalies. 3D modelled isosurfaces overlayed on Regional 1VD magnetics in plan view. Further Prospect Generation: Corner & Parkvale South Prospects Ground magnetic surveys were completed over the Corner Prospect (EL8831) during the December 2025 quarter, with reconnaissance rock chip sampling returning multiple gold-bearing quartz vein samples, with some assays exceeding 1g/t Au. Best results include 1.82g/t Au, 1.55g/t Au and 1.16g/t Au, which highlights the prospectivity of the target over a wide area. The gold bearing veined samples are exposed at surface within sub-cropping metasediments and display multiple overprinting vein textures, suggestive of a long lived and fertile hydrothermal system. This is noteworthy, as the Corner Prospect lies on a direct line half-way between a porphyry Cu-Au deposit (Northparkes) and a high-sulphidation epithermal deposit (Peak Hill). On EL8830, ground magnetics were completed at the highly prospective Parkvale South Prospect, which has previously returned rock chip assays of up to 22.2g/t Au24 . Work at Corner and Parkvale South forms part of a systematic and continual evaluation of the multiple greenfields prospects through the Parkes Project area. 24 Refer ASX announcement dated 21 May 2025 “Parkvale South Prospect Returns 22.2g/t Au Rock Chip” 16 Material Type Au Indicated Inferred Total cut-off (g/t) Tonnes Au Au Tonnes Au Au Tonnes Au Au (Mt) (g/t) (oz) (Mt) (g/t) (oz) (Mt) (g/t) (oz) London-Victoria Oxide 0.2 1.56 0.59 29,500 0.69 0.86 19,300 2.25 0.67 48,800 Sulphide 0.25 4.13 0.73 96,700 3.36 1.08 117,200 7.49 0.89 213,900 Total Various 5.69 0.69 126,200 4.06 1.05 136,500 9.74 0.84 262,700 Victoria South Oxide 0.2 0 0 0 0.67 0.77 16,600 0.67 0.77 16,600 Sulphide 0.25 0 0 0 0.05 0.88 1,400 0.05 0.88 1,400 Total Various 0 0 0 0.72 0.78 18,000 0.72 0.78 18,000 Armstrongs Oxide 0.2 0 0 0 2.12 0.76 51,800 2.12 0.76 51,800 COMBINED TOTAL Oxide 0.2 1.56 0.59 29,500 3.48 0.78 87,700 5.04 0.72 117,100 Sulphide 0.25 4.13 0.73 96,700 3.41 1.08 118,600 7.54 0.89 215,300 TOTAL Various 5.69 0.69 126,200 6.9 0.93 206,250 12.58 0.82 332,500 Table 1: London-Victoria and Satellite Deposits MRE (ASX announcement dated 22 September 2026) Deposit Tonnes Gold grade Contained gold London-Victoria 9.74Mt 0.84g/t Au 262,700oz Victoria South 0.72Mt 0.78g/t Au 18,000oz Armstrongs 2.12Mt 0.76g/t Au 51,800oz Combined subtotal 12.58Mt 0.82g/t Au 332,500oz Calarie (Inferred) 0.87Mt 1.83g/t Au 50,800oz Total Parkes inventory 13.45Mt 0.89g/t Au 383,300oz Table 2: Parkes Project Combined Total MRE (ASX announcement dated 22 September 2026) Competent Person Statements The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements as referred in this report. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Information on the Mineral Resources presented on the London-Victoria deposit is contained in the ASX announcement dated 5 May 2025 and subsequently updated on 22 September 2026. Where the Company refers to Mineral Resource in this presentation, it confirms that it is not aware of any new information or data th