Announcement PDF ACN 148 966 545 AND ITS CONTROLLED ENTITIES INTERIM FINANCIAL REPORT For the half year ended 31 December 2024 CONTENTS Directors’ Report 3 Auditor’s Independence Declaration 18 Consolidated Statement of Profit or Loss and Other Comprehensive Income 19 Consolidated Statement of Financial Position 20 Consolidated Statement of Changes In Equity 21 Consolidated Statement of Cash Flows 22 Notes to the Consolidated Financial Statements 23 Director’s Declaration 30 Independent Auditor’s Review Report 31 FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 2 DIRECTORS’ REPORT Your Directors present their half-yearly report on the consolidated entity consisting of Future Battery Minerals Limited (“FBM” or “the Company”) and the entities it controlled at the end of, or during, the period 1 July 2024 to 31 December 2024 (“the Group”). Directors The persons who were Directors of Future Battery Minerals Limited during the interim reporting period and up to the date of this report are: NAME Mr Neville Power Mr Nicholas Rathjen POSITION Non-Executive Chairman Chief Executive Officer APPOINTMENT/RESIGNATION Appointed on 20 November 2023 Appointed on 18 October 2023 Managing Director Mr Robin Cox Mr Robert Waugh Technical Director Non-Executive Director Appointed on 1 January 2023 Appointed on 25 June 2024 Chief Financial Officer and Joint Company Secretary Mrs Silfia Morton appointed as Chief Financial Officer in May 2022, and appointed as Company Secretary on 1 December 2022. Review of Operations During the half year, FBM accelerated exploration at the Coolgardie Lithium Projects and divested the Nevada Lithium Project. The Group’s operating profit for the period ended 31 December 2024 was $183,735 (2023: loss of $3,494,423). FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 3 DIRECTORS’ REPORT FBM’s focus during the period was on the exploration and advancement of its Coolgardie Lithium Projects, strategically located in the Goldfields Region of Western Australia. The projects continue to hold significant upside potential for new discoveries and resource growth, located in one of the world’s premier mining regions and proximal to existing road, utilities and processing infrastructure. In addition, the Company continued to advance its proactive business development approach, assessing new gold and lithium opportunities in the W.A. Goldfields. This included the application for additional tenements in both August 2024 and subsequent to end of the reporting period in January 2025. Preliminary evaluation of select new tenements has highlighted robust gold and lithium prospectivity, which warrants follow-up exploration. The Company also successfully divested the Nevada Lithium Project in Nevada, USA for a cash consideration of A$4 million. The sale of Nevada aligned with the Company’s sharpened focus on its W.A. Goldfields portfolio, allowing for FBM to deliver maximal leverage to the belt-scale prospectivity in these assets. FBM remains well-funded to undertake all planned exploration activities through 2025 and beyond, while continuing to assess potential new project opportunities in Western Australia. Figure 1: FBM’s Project Portfolio – Lithium & Gold Exploration and Development FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 4 DIRECTORS’ REPORT Coolgardie Lithium Projects, Western Australia Kangaroo Hills Lithium Project (KHLP) – 100% FBM The Kangaroo Hills Lithium Project (KHLP) is a recent and exciting hard rock lithium discovery located in the Goldfields region of Western Australia, approximately 17 km south of the township of Coolgardie. Spodumene mineralisation within lithium-caesium-tantalum (LCT) pegmatites was discovered during regional exploration drilling in late 2022. Figure 2: Location map of FBM’s Coolgardie Lithium Projects including surrounding projects and infrastructure FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 5 DIRECTORS’ REPORT Figure 3: Location map of Kangaroo Hills and Miriam Lithium Projects with key prospects and drill holes highlighted at KHLP, along with geophysical and soil targets at Miriam Phase 4B results Building on previous exploration success achieved with step-out drilling of the flagship Big Red pegmatite during the Phase 4A programme, FBM commenced its Phase 4B drill programme in May 2024. The key objective of the Phase 4B program was to test for further northern extensions of the Big Red pegmatite, particularly the updated interpretation of a north-north-easterly dip/plunge direction. Drilling was completed by mid-June, comprising 19 holes for 3,109m. On 9 July 2024 all Phase 4B results were announced (see key results in Figures 3-5). FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 6 DIRECTORS’ REPORT Further extensions to the Big Red and Potoroo pegmatites The drilling successfully extended the shallow, thick, high-grade Big Red pegmatite by a further 200m to the northeast, taking Big Red’s footprint to over 600m (from pegmatite outcrop to northern most drill hole intercept KHRC194). Importantly, the overall dip of the Big Red pegmatite appears to be shallowing to the north, averaging closer to -20° around KHRC194. This results in the intercept in KHRC194 being at a vertical depth of around only 100m, i.e. still relatively shallow, and with the pegmatite remaining thick, well-mineralised and still open to the north (with a dip/plunge observed at approx. 015°). While not specifically targeted as part of the Phase 4B program, the Potoroo pegmatite was intercepted within KHRC193, returning 10m @ 0.93% Li2O from 91m, including 5m @ 1.19% Li2O, piercing the pegmatite approximately 80m south of KHRC178. This result suggests potential thickening, and increasing of grade, to the north where the Potoroo pegmatite remains open. The combination of the Phase 4A and 4B drill programs delineates the known footprint of Potoroo to over 250m. Additional scissor drilling directed to the east in Phase 4B (drill holes KHRC180 and KHRC196) intercepted a thick pegmatite unit up to 36m (KHRC196) down hole thickness, named Big Red East. This pegmatite is discontinuous to Big Red, however the presence of this thick pegmatite near known mineralised pegmatites means it remains highly prospective, delivering the potential for additional discovery. KHRC196 hosts a low-level Li anomalism with a peak assay of 0.27% Li2O from 102m (down hole). While low grade and below the 0.3% cut off for reportable significant intercepts, this result suggests that economic levels of lithium mineralisation may potentially further develop at untested locations within this pegmatite. Next steps at KHLP Prior to testing for further extensions of Big Red to the north, and in refinement of prospective regional targets at the KHLP, the geological team is conducting detailed modelling of the various mineralised and unmineralized pegmatite systems discovered to date at the KHLP. This work takes into consideration all drilling and mapping completed to date, building out detailed geochemical and geophysical signatures of the various pegmatites, including regional targets. It is designed to further refine and derisk the planned future drilling of regional prospects at the KHLP. A Program of Works (PoW) is in place at KHLP for future extensional drilling programs targeting the near-surface, shallow dipping, thick and high-grade Big Red and Potoroo discoveries, where mineralisation remains open at relatively shallow depths. Kangaroo Hills Mining Lease Application FBM continues to advance the Mining Lease (ML) application at KHLP. The ML application overlies both the Big Red and stacked Rocky pegmatites, along with regional targets, Eastern Grey, Wallaroo and Pademelon. The application also allows area for future infrastructure and advancement of the KHLP as a regionally significant lithium development. FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 7 DIRECTORS’ REPORT Figure 4: Plan View KHLP – Phase 4B Drilling Results Figure 5: Phase 4B KHLP schematic long section FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 8 DIRECTORS’ REPORT Miriam Lithium Project – 85% FBM The Miriam Lithium Project (Miriam) covers an area of approximately 6.0 km by 1.5 km and comprises four granted Prospecting Licences (PL) (P15/6136 to P15/6139 inclusive) and one PL application (P15/6135). It is located approximately 10 kilometres south-southwest of Coolgardie and immediately north and contiguous to KHLP. FBM’s strategic acquisition of an 85% interest in Miriam was completed in May 2024, expanding its regional position to the north of the KHLP. Historic rock chip sampling on the tenement had returned up to 1.85% Li2O, with further rock-chip sampling of the original reported spodumene-bearing outcrop returning 2.0% Li2O. A subsequent detailed geochemical soil sampling programme revealed a primary lithium target of approximately 1.6 kilometres in strike length, along with a second trend spanning approximately 600 metres, linking the main pegmatite trend. This large lithium soil anomaly, extending from the weathered (depleted) outcrop of spodumenerich pegmatite, indicates the potential for additional spodumene-bearing pegmatites under the surface cover. Pegmatite targets identified Southern Geoscience was engaged to undertake a detailed review and reinterpretation of the existing airborne magnetic and radiometric data over Miriam. The review has facilitated the development of a new litho-magnetic interpretation of bedrock geology at a detailed 1:10,000 scale. The review identified 13 discrete targets characterised by significant east-west structures that intersect the underlying greenstone lithologies. These structures are analogous to the Big Red pegmatite at KHLP, located approximately 2 kilometres south, and are associated with coincident resistivity and gravity low anomalies. Notably, five of these structures aligned with the previously defined 1.6 kilometre north-south strike soil anomaly and outcropping spodumene-bearing pegmatite. The geophysical review involved reprocessing existing public-domain airborne magnetic and radiometric data (with a 50-metre spacing), identifying demagnetisation or breaks in the serpentinised basalt and ultra-mafic lithologies where pegmatites characterised by a lower magnetic response may have intruded. This approach has previously proven successful at KHLP and has the potential to yield similar results at Miriam. FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 9 DIRECTORS’ REPORT Figure 6: Miriam reinterpreted geology and target areas Extensional soil sampling program delivers suite of new high-potential targets In September and October 2024, FBM conducted a wide-spaced extensional soil sampling programme at Miriam, designed to test for potential blind, subsurface pegmatites, extending further north into the tenure (refer Figure 6). Where previous soil sampling activities at Miriam were limited to just 2.6 km of the tenure’s approximately 6 km northsouth extent, this program expanded the soil sampling grid at Miriam by a minimum of approximately 700m further north and up to 2.3 km further north in the northwestern area, all within areas now covered by heritage surveys. FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 10 DIRECTORS’ REPORT The extensional soils program was completed on a 40m sample spacing by 100m line spacing grid, resulting in the retrieval of over 400 samples. The program followed on from the previous soil program conducted by Corazon Mining Ltd in 2023, which only tested the southern portion of Miriam, where outcropping spodumene pegmatites were present. While sampling had only tested the southern end of the tenure, it was identified that a building lithium anomaly was present on the final northernmost lines of the survey. Assay results identified a 750m north-south anomaly (an approximate 450m extension of this previously identified anomaly) that coincided with geophysical structural targets while also revealing four other areas of robust Li anomalism across the sampled area (refer Figure 6). Pleasingly, these areas overlapped with established geophysical targets. Analysis of the soil assay results highlighted that the typical regolith at Miriam contained levels of lithium in the <10ppm range. Utilising this value range as a baseline, anomalous areas have been defined by increased lithium concentrations. The sampling discovered five zones with continuous results ranging from 25 to 40ppm Li within the survey area. This anomalous range correlates with previous sampling conducted in the south, which covered known LCT pegmatite outcropping and spodumene occurrences, and is considered a reliable Li dispersion indicator proximal to a primary source. The five new anomalous zones potentially indicate the presence of additional sub-surface LCT pegmatites, which may be further tested and validated through drilling. Option agreement executed to acquire existing Net Smelter Royalty (NSR) over Miriam FBM executed an option agreement to acquire the existing 2% NSR royalty over Miriam (which covers all mineral rights/products). In exchange for the payment of an option fee of A$60,000, the agreement grants FBM a 12-month period in which it can exercise the option to acquire the NSR royalty via the payment of a further A$65,000. Initial RC drilling programme at Miriam Preparations are well advanced for FBM’s initial RC drilling program at Miriam, with the PoW submitted for approval. Ground gravity results expected during Q1 calendar 2025 are expected to assist with refining initial drill hole locations. Drilling is scheduled to commence later in H1 calendar 2025. A key focus of the programme will be the +1.5 km soil anomaly that correlates with both spodumene outcrops and recent geophysical targets at the southern end of the Miriam tenure. This initial drilling will deliver critical data on the thickness and orientation of the mineralised system, forming the foundation for subsequent drilling programmes to delineate the expanding system. FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 11 DIRECTORS’ REPORT Expanded Regional Footprint – New Lithium and Gold Opportunities In August 2024, FBM staked and submitted applications to the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) for two (2) Exploration Leases and five (5) Prospecting Leases totalling approximately 65km2. These new applications are part of FBM’s broader exploration strategy, targeting provincial-scale opportunities in gold mineralisation as well as additional Lithium Caesium Tantalum (LCT) pegmatite discoveries surrounding the Company’s Coolgardie Lithium Projects (refer Figure 7). Three separate project-scale land parcels were staked being Kal North, KHLP West and KHLP North. FBM conducted an initial evaluation of the three land parcels, utilising both public domain data for historical exploration works and field-based ground truthing, which included mapping and rock chip sampling. An initial evaluation was completed post end of the reporting period, with summary results released to the ASX on 22 January 2025. Subsequent to the end of the reporting period, FBM announced it had applied for further tenure including one (1) Exploration Lease and two (2) Prospecting Leases for an additional 45km2 of strategic landholdings in the W.A. Goldfields. These initiatives have resulted in two land parcels being staked at the newly coined Burbanks East and Nepean South. These tenements are strategically located in close proximity to FBM’s Coolgardie Lithium Projects (Kangaroo Hills and Miriam). FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 12 DIRECTORS’ REPORT Figure 7: New FBM tenure applications in the W.A. Goldfields region FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 13 DIRECTORS’ REPORT Kal North (100%) The Kal North project consists of one exploration lease application totalling an area of 27.9km2 located 45km northeast of Kalgoorlie. Following a preliminary evaluation of existing exploration data which included a historic vacuum sampling programme, FBM identified numerous +10ppb Au surface anomalies in areas of residual soil and thin transported cover within the lease area. These anomalies warrant further follow-up work. In late 2024, FBM’s geology team conducted a field reconnaissance mapping and sampling exercise of Kal North, investigating these anomalous zones. Numerous rock chip samples were collected from the tenement, with lithologies including surficial quartz veining and calcrete. Importantly, FBM found no evidence of historic drilling or “testing” of the identified gold soil anomalies. Subsequent rock chip assays from the field trip returned numerous low order anomalous results, with a peak result of 41ppb Au from a quartz sub crop sample. Further work will be required to establish drill targets. FBM will look to advance the tenement grant and will commence negotiations with the relevant native title parties regarding a Heritage Protection Agreement (HPA). FBM will also collate available geophysical data to improve drill hole targeting. Granting of the tenure is expected following completion of the relevant HPA’s. Figure 8: Kal North rock chip results overlaying historic vacuum geochemical sampling area FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 14 DIRECTORS’ REPORT Burbanks East (100%) FBM has submitted two prospecting applications (P15/6924 and P15/6925), over a 2 km2 area directly east (~2km) of the Burbanks Mine (current resource 466koz @ 2.4g/t Au) owned by Horizon Minerals (ASX: HRZ), located approximately 2.5 km from Miriam and 7 km from Kangaroo Hills. The applications over Burbanks East cover an area of surficial elevated gold anomalism, based on historical data (2007) collected by Barra Resources Ltd. Sampling was designed on an 80m x 200m grid. Aside from a wide-spaced, non-targeted aircore (AC) drilling program conducted in 1996, the tenement area has not seen any recent exploration activity since the mid-2000’s. The AC results were limited, with most of the area remaining untested. However, the drilling did intersect numerous low-order mineralised zones, including an intersection of 4m @ 0.31g/t Au from 56m. Initial ground investigations did not locate any significant sub-cropping or outcropping mineralisation for sampling. Further investigation will focus on areas of highly elevated surficial gold soil anomalism to better determine the source and potential of the tenement. Burbanks East is strategically located along strike from both Miriam and Kangaroo Hills, with significant potential for the ground to host sub-surface LCT pegmatites. In December 2024, it was announced that the Burbanks gold processing plant had been conditionally acquired by Auric Mining Limited (ASX:AWJ), highlighting the Coolgardie belt’s strategic interest and value for both lithium and gold. FBM has commenced an initial investigation of gold potential in the area through a comprehensive review of available magnetic geophysics scheduled in Q1 2025. Figure 9: Auger soil results for Burbanks East with graduated Au PPB FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 15 DIRECTORS’ REPORT Nepean South (100%) An exploration lease application, E15/2109, was submitted for a large 43km2 area located approximately 6 km south of Kangaroo Hills. The lease area covers a 3.5 km southern displacement of the Nepean greenstone unit, with limited gold exploration completed to date. Historic soil sampling and AC drilling data was collated, confirming limited gold exploration completed to date. Modern surface geochemical methods or drilling have not been utilised in the area. FBM plans to commence preliminary ground investigations targeting gold mineralisation across the tenement in Q1 2025. Figure 10: Auger soil results for Nepean South with graduated Au PPB overlaying regional geology KHLP North and West Following preliminary ground investigations and historical data review, FBM elected to relinquish its tenement applications for KHLP North and KHLP West subsequent to the end of the half. This efficient, data-driven approach aligns with FBM’s dynamic strategy to focus on a high potential exploration and business opportunities in the Goldfields region. FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 16 DIRECTORS’ REPORT Corporate Portfolio Rationalisation Nepean Nickel Project sale completed On 18 September 2024, the Company agreed to revise the deferred consideration amounts payable by Rocktivity to Eastern Coolgardie Goldfields Pty Ltd (ECG), a wholly owned subsidiary of FBM, from A$7.2 million to approximately A$1.04 million as follows: • A$265,000 received on 18 June 2024; and • A$773,656 to be paid on or before 25 September 2024. Rocktivity also agreed to: • grant ECG a 1% net smelter royalty on all minerals and metals produced and sold or otherwise disposed of for value on the Nepean Nickel Project tenements; and • pay an additional A$500,000 to ECG, subject to the satisfaction of any of the following milestones: o Rocktivity and/or Rocktivity Mining completing the sale of all, or part of, the Nepean Nickel Project tenements for consideration of more than A$5,000,000 (whether in cash, shares or any other forms of consideration); or o Rocktivity delineating a mineral resource of more than 300,000 ounces of gold in respect to all or part of the Nepean Nickel Project tenements. FBM received Rocktivity’s final deferred payment of A$773,656 on 24 September 2024 and advised that there will be no further cash payments under the Tenement Sale Agreement. Sale of Nevada Lithium Project for A$4M Cash Consideration On 4 November 2024, FBM advised it had executed a share sale agreement with Austroid Corporation, an emerging global clean energy company headquartered in Dallas, Texas, USA for the sale of the Company's 80% shareholding in Nevada Lithium Corp Pty Ltd (Nevada Australia), which holds the rights to the NLP in Nevada, USA, via its wholly owned subsidiary Nevada Li Corp (Nevada US). Under the terms of the Agreement, the Company agreed to sell all of its shares in Nevada Australia (being 80% of the shares of Nevada Australia) for a total cash consideration of A$4 million. The transaction was completed on 20 November 2024. Significant Change in State of Affairs There were no other significant changes in the state of affairs of the Group during the period. Matters Subsequent to Reporting Date No matters or circumstances have arisen since the end of the financial period which significantly affected or may significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group in future periods. Auditor’s Independence Declaration The Auditor’s Independence Declaration under section 307C of the Corporation Act 2001 is included within this financial report. This report is signed in accordance with a resolution of the Board of Directors. Nicholas Rathjen CEO & Managing Director Perth, Western Australia, 5 March 2025 FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 17 Tel: +61 8 6382 4600 Fax: +61 8 6382 4601 www.bdo.com.au Level 9, Mia Yellagonga Tower 2 5 Spring Street Perth, WA 6000 PO Box 700 West Perth WA 6872 Australia DECLARATION OF INDEPENDENCE BY MELISSA REID TO THE DIRECTORS OF FUTURE BATTERY MINERALS LIMITED As lead auditor for the review of Future Battery Minerals Limited for the half-year ended 31 December 2024, I declare that, to the best of my knowledge and belief, there have been: 1. No contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the review; and 2. No contraventions of any applicable code of professional conduct in relation to the review. This declaration is in respect of Future Battery Minerals Limited and the entities it controlled during the period. Melissa Reid Director BDO Audit Pty Ltd Perth 5 March 2025 BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of A.C.N. 050 110 275 Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and A.C.N. 050 110 275 Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE HALF YEAR ENDED 31 DECEMBER 2024 Note 31 Dec 2024 $ 31 Dec 2023 $ 5 1,332,067 446,716 25,873 975 Accounting fees (33,206) (12,196) Audit fees (28,245) (6,464) Advertising and marketing (70,923) (55,550) Consulting fees (69,810) (106,231) Director fees (50,667) (151,198) Employee benefit expense (94,536) (98,957) Corporate and regulatory fees (40,316) (96,452) Exploration expenditure not capitalised (10,765) - - (2,596,878) (178,083) (148,021) Other Income from continuing operations Other income Other revenue Less Expenses: Impairment expense 4 Legal costs Rent (12,247) (13,223) (377,819) (442,458) Travel and accommodation (8,017) (14,810) Finance costs (4,991) (5,820) Other expenses (175,154) (193,856) Loss on settlement of Nepean sale (19,422) - Gain/(Loss) before income tax expense 183,735 (3,494,423) - - 183,735 (3,494,423) 25,802 (111,421) Other comprehensive profit/(loss) for the period, net of tax 209,537 (3,605,844) Total comprehensive profit/(loss) for the period 209,537 (3,605,844) 209,946 (3,565,213) (409) (40,631) 209,537 (3,605,844) 0.03 (0.72) Share based payment expenses 9 Income tax expense Gain/(Loss) after income tax for the period Other Comprehensive Income Items that may be reclassified to profit or loss Other comprehensive profit/(loss) for the period Total comprehensive profit/(loss) is attributable to: Owners of Future Battery Minerals Limited Non-Controlling interest Profit/(Loss) per share from continuing operations attributable to the ordinary equity holders of Future Battery Minerals Limited: Basic and diluted profit/(loss) per share (cents) 13 The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes. FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 19 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 Note ASSETS Current assets Cash and cash equivalents Trade and other receivables Other receivables Total current assets 3 Non-current assets Property, plant, and equipment Right of use assets Mineral exploration and evaluation expenditure Bond receivables Total non-current assets TOTAL ASSETS 4 LIABILITIES Current liabilities Trade payables and other payables Lease liability Total current liabilities 6 Non-current liabilities Lease liability Total non-current liabilities TOTAL LIABILITIES NET ASSETS EQUITY Contributed equity Reserves Non-controlling interest Accumulated losses TOTAL EQUITY 7 8 31 December 2024 $ 30 June 2024 $ 7,798,850 30,393 47,165 7,876,408 5,260,825 861,654 6,122,479 80,014 112,208 24,156,740 119,347 24,468,309 32,344,717 121,129 145,211 25,973,934 119,347 26,359,621 32,482,100 502,230 73,941 576,171 983,742 96,386 1,080,128 68,883 68,883 645,054 106,544 106,544 1,186,672 31,699,663 31,295,428 56,790,225 6,741,530 1,690,931 (33,523,024) 31,699,663 56,445,296 6,664,426 1,892,465 (33,706,759) 31,295,428 The above consolidated statement of financial position should be read in conjunction with the accompanying notes. FUTURE BATTERY MINERALS LIMITED: INTERIM FINANCIAL REPORT − 31 DECEMBER 2024 20 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF YEAR ENDED 31 DECEMBER 2024 Balance at 1 July 2024 Issued Capital $ Accumulated Losses $ Option, Performance Rights, & Other Reserve $ 56,445,296 (33,706,759) - FX Reserve $ NonControlling Interest $ Total $ 6,668,168 (3,742) 1,892,465 31,295,428 183,735 - - 25,802 - 183,735 25,802 - 183,735 - 25,802 - 209,537 346,000 - (346,000) - - - (1,071) - - 377,819 19,483 - (201,534) - (182,051) (1,071) 377,819 56,790,225 (33,523,024) 6,699,987 41,543 1,690,931 31,699,663 Total comprehensive income for the period Profit/(Loss) for the period Other comprehensive profit/(loss) Total comprehensive income/(loss) for the period Transactions with owners, recorded directly in equity Conversion of performance rights (note 7) Disposal of Nevada Li Capital raising costs Share based payments (note 9) Balance at 31 December 2024 Balance at 1 July 2023 Total comprehensive income for the period Loss for the period Other comprehensive loss Total comprehensive income/(loss) for the period Transactions with owners, recorded directly in equity Issue of shares, net of costs Issue of Options Conversion of performance rights Acquisition of 20% interest in Eastern Coolgardie Goldfields Pty Ltd (ECG) Share based payments (note 9) Balance at 31 December 2023 Contributed Equity $ Accumulated Losses $ Option and Performance Rights Reserve $ FX Reserve $ NonControlling Interest $ Total $ 39,644,297 (18,342,615) 2,318,365 40,700 483,132 24,143,879 - (3,494,423) - - (111,421) - (3,494,423) (111,421) - (3,494,423) - (111,421) - (3,605,844) 7,088,239 - - 48,000 - - 7,088,239 48,000 205,875 - (205,875) - - - 2,888,070 - (1,768,131) - (282,834) 837,105 - - 442,458