Announcement PDF A C N 1 4 8 9 6 6 5 4 5 A N D I T S C O N T R O L L E D E N T I T I E S ( P r e v i o u s l y F u t u r e B a t t e r y M i n e r a l s L t d ) ANNUAL R E P O R T 2026 Page | 2 CONTENTS Corporate Directory 2 Chairman’s Letter 3 Managing Director’s Letter 4 Review of Operations 5 Directors’ Report 27 Remuneration Report 33 Auditor’s Independence Declaration 43 Independent Auditor’s Report 44 Consolidated Statement of Profit or Loss and Other Comprehensive Income 49 Consolidated Statement of Financial Position 50 Consolidated Statement of Changes in Equity 51 Consolidated Statement of Cash Flows 52 Notes to the Consolidated Financial Statements 53 Consolidated Entity Disclosure Statement 75 Director’s Declaration 76 Corporate Governance Statement 77 ASX Additional Information 78 Page I 1 Page | 3 CORPORATE DIRECTORY This financial report includes the consolidated financial statements and notes of Ore Resources Limited (previously Future Battery Minerals Limited) and its controlled entities (‘the Group’). The Group’s functional and presentation currency is AUD ($). A description of the Group’s operations and of its principal activities is included in the review of operations and activities in the Director’s report. The Director’s report is not part of the financial report. Directors Mr Neville Power, Non-Executive Chairman Mr Nicholas Rathjen, Managing Director and CEO Mr Robin Cox, Technical Director Mr Robert Waugh, Non-Executive Director Auditors BDO Audit Pty Ltd Level 9, Mia Yellagonga Tower 2 5 Spring Street Perth WA 6000 CFO & Company Secretary Ms Silfia Morton Bankers National Australia Bank 100 St Georges Terrace Perth WA 6000 Principal Place of Business Suite 2, Level 2, 34 Colin St West Perth WA 6005 T: +61 8 6383 7817 F: +61 8 6245 9853 E: info@oreresources.com.au Solicitors Steinepreis Paganin Level 14, QV1 Building 250 St Georges Terrace Perth WA 6000 Share Registry Automic Registry Services Level 5, 191 St Georges Terrace Perth WA 6000 T: +1300 288 664 Stock Exchange Australian Securities Exchange Limited Level 40, Central Park 152-158 St George’s Terrace Perth WA 6000 ASX Code: OR3 Page | 3 CHAIRMAN’S LETTER Dear Shareholders, I am pleased to present our Annual Report for FY2026, the first under the name Ore Resources Ltd. It has been a landmark year for the Company, marked by significant exploration success, strategic acquisitions and the advancement of new opportunities across both gold and lithium. This time last year, we made gold exploration our primary focus, aligned with a record gold price environment and the growing prospectivity emerging across our Coolgardie Gold Projects tenure. Three successful phases of RC drilling were completed at the Miriam Gold Project, delivering outstanding results most particularly at the Forrest prospect, which has rapidly evolved into a substantial high-grade gold system. We also strengthened our portfolio through the acquisition of the Randalls Gold Project along with highly prospective tenure in the Mount Monger region, creating a larger and more compelling gold exploration portfolio across the Eastern Goldfields. To date, we now control one of the largest landholdings in the W.A. Goldfields, with more than 820.5km2 of prospective gold tenure. As lithium market conditions improved during the second half of the financial year, we recommenced drilling at Kangaroo Hills for the first time since 2024. The program confirmed additional lithium prospectivity and provided the foundation for advancement toward potential fast-track development. Since year end, Kangaroo Hills has achieved two important milestones with the completion of a initial Mineral Resource Estimate (MRE) and a Scoping Study for a potential Direct Shipped Ore (DSO) lithium operation. Together, these outcomes have established a clear pathway towards rapid, capital- lite commercialisation of this project. Our immediate priority is to advance Kangaroo Hills toward a funding and development decision. We are actively pursuing offtake prepayment opportunities as our preferred funding pathway and remain focused on securing a commercial outcome that maximises value for shareholders, in line with our philosophy of disciplined capital management. We are targeting securement of a funding solution, receipt of all requisite environmental approvals and the making of a Final Investment Decision (FID) by mid-2027, with first lithium DSO production set to follow shortly thereafter. Importantly, our renewed focus on lithium does not diminish our commitment to gold. Rather, it reflects the strength of Ore's diversified business model and our ability to allocate capital towards opportunities that offer the most attractive combination of market conditions, geological potential and value creation. To this end, we remain highly encouraged by the opportunities emerging from our gold portfolio. We continue to progress our expansive 30,000m Phase 4 drilling programme at the Coolgardie Gold Projects, focused on expanding Forrest and testing regional targets for additional discoveries. The scale of our tenure and the breadth of exploration success achieved during FY2026 has significantly increased our confidence in the district-scale potential of our assets and provides a strong platform for future growth. Ore enters FY2027 in a stronger position than at any point in its recent history. With Kangaroo Hills progressing toward targeted development and our gold portfolio continuing to deliver exploration success, we are well positioned to pursue both near-term and long-term value creation opportunities across both commodity streams. Importantly, the future development of our Coolgardie Gold and Lithium Projects has been further strengthened through the execution of a Project Agreement with the Marlinyu Ghoorlie People, the Traditional Owners of the land on which our Coolgardie Projects portfolio is located. This agreement reflects the strong relationships we have built with key stakeholders and establishes a solid foundation for future project advancement. Ore remains committed to the responsible and sustainable development of its projects and will continue to engage respectfully with Traditional Owners and local stakeholders to create shared long-term value. On behalf of the Board, I thank our shareholders for their continued support throughout this transformational year. I also wish to extend my sincere thanks to our dedicated management team, along with our contractors, consultants and the Marlinyu Ghoorlie people, whose efforts and contributions have been central to the Company's success over the year. I look forward to updating our shareholders in person at the upcoming Annual General Meeting and invite you to stay tuned as we continue to advance Ore Resources toward its next phase of growth and value creation. Neville Power Non-Executive Chairman Page | 4 MANAGING DIRECTOR’S LETTER Dear Shareholders, It is my pleasure to be writing to you following a transformational FY2026 for Ore Resources. Through our dual-commodity strategy, we achieved significant exploration and development milestones that have strengthened the Company’s short- and long-term growth outlook. The Miriam Gold Project was the primary focus of our exploration activities throughout FY2026. Three completed RC drilling campaigns steadily advanced our understanding of this project and established the flagship Forrest prospect as a significant gold discovery. This drilling returned numerous high-grade intercepts, confirming multiple zones of gold mineralisation across several fresh rock and oxide gold lodes. By year end, Forrest had been extended across a 1km strike length and to vertical depths of approximately 250m, while remaining open in multiple directions. Regional aircore drilling also produced highly encouraging first pass results at key prospects to the north, reinforcing the broader prospectivity of the Miriam Shear Zone and the district-scale gold potential of our Coolgardie Gold Projects. Our gold strategy remains focused on two clear objectives: to continue growing the emerging Forrest gold system, along with the systematic drill-testing of prospective regional targets to unlock new gold discoveries. The ongoing progression of our 30,000m Phase 4 drilling programme is central to this approach, with further RC and diamond drilling planned for later in FY2027. While gold remained our principal focus for much of the year, improving lithium market conditions presented an opportunity for us to revisit Kangaroo Hills. We recommenced RC drilling, the first major exploration programme at the project since 2024, to test extensions and continuity within the Big Red and Potoroo pegmatite systems. This programme delivered robust results consistent with the grades and widths observed in our previous drilling campaigns. The significance of Kangaroo Hills has increased considerably in recent months. Ongoing drilling and technical studies supported the completion and delivery, post year end, of a initial MRE and DSO Study, marking two major milestones for the Company. The DSO Study demonstrated the robust economic potential of a capital-lite, rapid-deployment operation at Kangaroo Hills, based on the open-pit mining, crushing, haulage and export of lithium-bearing pegmatite ore. The Study provides a compelling assessment of the project's development potential and establishes a strong foundation for advancement. The results indicate that Kangaroo Hills represents an attractive near-term lithium development opportunity. Our focus now is on advancing this opportunity. We are actively engaging with potential strategic and commercial partners regarding offtake opportunities, with an offtake-supported funding solution representing our preferred pathway to development. In parallel, we continue to optimise the project and target resource expansion through further drilling of the Big Red, Rocky and Potoroo pegmatites. Drilling is also targeting the underexplored Miriam Lithium Project, exploring for new lithium discoveries that could both complement and enhance the scale and longevity of future operations at Kangaroo Hills. Additionally, we are advancing a range of technical workstreams, including geotechnical studies, detailed metallurgical testwork and the assessment of ore sorting opportunities at Big Red to optimise project outcomes and further reduce development risk. We are also taking active steps to secure the relevant approvals and permits for the project, an exercise that has been strongly supported via the signing of a landmark Project Agreement with the Marlinyu Ghoorlie People, the Traditional Owners of the land covering our Coolgardie Projects portfolio. All this work is targeted at advancing the project to FID (followed quickly by first DSO production) in mid-2027. The progress achieved across our Coolgardie Gold and Lithium Projects reflects the dedication, expertise and commitment of our geological team, contractors and advisers. I thank them for their outstanding efforts throughout an exceptionally active year. I would also like to thank our shareholders for their continued support and confidence in the Company. FY2026 has established a strong foundation for Ore's next phase of growth. With an advancing near-term lithium development opportunity at Kangaroo Hills and significant gold potential waiting to be unlocked across a large-scale exploration portfolio, we are well positioned to build on this momentum and deliver long-term shareholder value in FY2027 and beyond. Nicholas Rathjen CEO and Managing Director REVIEW OF OPERATIONS Page | 5 HIGHLIGHTS  Significantly advanced gold-focused exploration strategy through extensive exploration drilling and strategic acquisitions of new gold tenure, strengthening Ore’s position across a growing portfolio in the Eastern Goldfields of WA.  Established the Forrest Prospect (Miriam Gold Project) as a significant emerging gold system, with successive RC and diamond drilling campaigns extending mineralisation to approximately 1km of strike and 250m vertical depth, with the system remaining open along strike and at depth.  Successfully acquired the Randalls Gold Project and prospective gold tenure at Mount Monger, forming the broader the Kal East Gold Projects.  Consolidated the Miriam Gold Project tenure into one contiguous landholding, providing greater control and exploration flexibility across the broader Miriam gold system and strengthening the Company’s pipeline of prospective targets for future discoveries.  Successful A$7.5 million capital raising, bolstering balance sheet strength and supporting the Company’s 2026 exploration programmes.  Landmark Project Agreement signed with the traditional owners of the Coolgardie Projects, supporting future project development across lithium and gold.  Completed regional-scale gold exploration at Burbanks East and across several key regional targets at Miriam under approximately 14,000m of AC drilling, with results identifying new gold mineralisation and generating multiple priority targets.  Progressing an expansive 30,000m Phase 4 drilling programme at the Coolgardie Gold Projects through the remainder of 2026 and into 2027, with RC, diamond and AC drilling targeting further extensions to the Forrest gold system and unlocking new regional gold prospects.  Advanced the Kangaroo Hills Lithium Project from exploration towards development, with the recommencement of RC and diamond drilling, resource definition, metallurgical and technical studies and evaluation of a potential DSO development pathway.  Completed diamond drilling at Big Red, generating representative core samples for upcoming metallurgical, ore-sorting and geotechnical studies.  Declared a maiden Mineral Resource for Kangaroo Hills at 3.10Mt @ 1.01% Li₂O.  Completed the Kangaroo Hills DSO Scoping Study, outlining a potential low-capital, open-pit DSO operation producing approximately 1.19Mt over an initial 16-month mine life, with estimated initial capital of A$24.9 million and pre-tax NPV₈ of A$220.8 million.  Focus on securing project funding through non-dilutive forms to bring Kangaroo Hills DSO operation into production, targeting July 2027. REVIEW OF OPERATIONS Page | 6 COOLGARDIE LITHIUM PROJECTS, WESTERN AUSTRALIA Ore Resources’ (Ore) Coolgardie Lithium Projects represent more than 13.2km2 of highly prospective granted lithium tenure strategically located along a key interpreted lithium trend within the Coolgardie Greenstone Belt. The Projects are situated approximately 17km south of the township of Coolgardie. Figure 1: Coolgardie Lithium Projects – Regional Map Kangaroo Hills Lithium Project Ore’s lithium exploration activities to date have centred on Kangaroo Hills, first identified in late 2022 through regional exploration drilling which intersected spodumene-bearing lithium-caesium-tantalum (LCT) pegmatites. Subsequent drilling at Kangaroo Hills delineated the Big Red discovery, a near-surface, shallow dipping pegmatite system characterised by thick, laterally continuous mineralisation and consistently strong lithium grades. Big Red is interpreted to form part of a large, coherent LCT pegmatite system, highlighting the prospectivity of Kangaroo Hills and the broader Coolgardie Lithium Projects. REVIEW OF OPERATIONS Page | 7 Figure 2: Kangaroo Hills and Miriam Lithium Projects – Plan View RC drilling further expands Kangaroo Hills lithium mineralisation During April and May 2026, Ore completed an RC drilling programme focused on expanding the known mineralised footprint at Kangaroo Hills. The programme comprised 20 holes for approximately 3,300m drilled, including strategic step-out drilling targeting extensions to the Big Red and Potoroo pegmatites, along with limited infill drilling to support potential resource delineation and project advancement. The RC drilling programme successfully achieved its goal of confirming infill and significant strike extensions to both the Big Red and Potoroo pegmatite systems. The results of this drilling programme were highly encouraging, highlighting immediate potential for further extensions to Big Red and Potoroo to the north. REVIEW OF OPERATIONS Page | 8 Figure 3: Kangaroo Hills Plan View Big Red Infill drilling at Big Red successfully demonstrated consistent grades and thicknesses through drill holes KHRC214, KHRC211 and KHRC209. These drill holes intercepted: • 34m @ 1.11% Li2O from 77m, including 14m @ 1.63% Li2O from 96m (KHRC214) • 18m @ 1.03 % Li2O from 103m, including 10m @ 1.49% Li2O from 103m (KHRC211) • 28m @ 0.89% Li2O from 68m, including 12m @ 1.01 % Li2O from 82m and 9m @ 1.06% Li2O from 68m (KHRC209) Step-out drilling north of the 2024 drill lines also successfully intersected lithium mineralisation, returning encouraging widths and grades. This included a 60m northern extension of Phase 4B drill hole KHRC194 (previously returned 20m @ 0.81% Li2O)0F 1 confirmed by drill holes KHRC216 and KHRC200. These holes returned: • 12m @ 1.05% Li2O from 147m (KHRC216) • 10m @ 1.02% Li2O from 145m (KHRC200) A single drill hole approximately 150m north of KHRC194 intersected spodumene-bearing pegmatites in KHRC204, which returned 10m @ 0.58% Li2O from 142m. While this intercept confirms continuation of the Big Red system, it is believed that it did not fully test the thickest or most mineralised zone of the pegmatite. The higher-grade zone is currently interpreted to deviate further to the northeast and remains open. Follow-up drilling will be required to test these northern extensions to better define the high-grade trend and controls on the pegmatite system. 1 Refer to OR3 ASX release dated 9 July 2024, “Drilling Extends Big Red Pegmatite” REVIEW OF OPERATIONS Page | 9 Importantly, these results increase confidence in the continuity of mineralisation across the central and southern zones of Big Red, now demonstrated to extend over a 500m strike length. Potoroo At Potoroo, drilling successfully extended the pegmatite a further 50m north through KHRC201, which intercepted 8m @ 1.08% Li2O from 130m. To the west, KHRC213 successfully extended continuity of mineralisation with a 90m western extension, returning 4m @ 1.01% Li2O from 113m. Importantly, Potoroo continues to exhibit a north-south (N-S) strike of mineralisation, highlighting significant opportunity for further growth within the Kangaroo Hills tenure footprint. Figure 4: Kangaroo Hills – Schematic Long Section Diamond drilling reinforces lithium prospectivity at Kangaroo Hills Following the success of the RC drilling programme, the Company elected to expand its operational focus at Kangaroo Hills. Post-end of the reporting period, the Company conducted a diamond drilling programme to collect metallurgical and geotechnical samples to support the advancement of key technical and economic studies. The diamond drilling programme further reinforced the significant underlying lithium prospectivity of Kangaroo Hills, with all targeted holes intersecting shallow, thick, high-grade lithium mineralisation. The standout result of this programme was returned from Hole KHDD018, which delivered a significantly stronger outcome than anticipated, intersecting 27m @ 1.33% Li2O from 4m, including a high-grade internal interval of 5m @ 2.01% Li2O from 11m. Low intrinsic iron content confirmed at Big Red Ore completed an assessment of potential iron contamination introduced during previous laboratory sample preparation by analysing duplicate samples prepared using steel and tungsten crucibles. Results indicated that steel crucibles, used in historical sample preparation, increased Fe₂O₃ values by an average factor of approximately 2.5x. Mineralised samples prepared with steel crucibles returned 0.79-0.90% Fe₂O₃, compared with 0.31-0.43% Fe₂O₃ using tungsten crucibles. These findings confirm that the intrinsic iron content of Big Red mineralisation is significantly lower than previously noted, providing enhanced confidence in its suitability for downstream processing and product quality assessment. DSO Scoping Study at Kangaroo Hills REVIEW OF OPERATIONS Page | 10 On 27 August 2026, Ore released a Scoping Study for Kangaroo Hills, demonstrating the robust technical viability and strong forecast economic outcomes of a capital-lite, rapid-deployment operation at Kangaroo Hills, involving the open pit mining, crushing, trucking and export of lithium-bearing pegmatite ore under a simple DSO arrangement. Table 1 – Key Physical Parameters Key Physical Parameters Unit Value Total material mined Mt 11.1 Plant throughput ktpa 750 Mine life months 16 Plant feed Mt 1.26 Total waste mined Mt 9.9 Strip ratio waste: ore 7.9 Plant recovery % 95 Average grade (Li2O) % 1.07 Total DSO production Mt 1.19 Table 2 – Key Financial Outcomes Key Financial Outcomes Unit Value Price assumptions Lithium Carbonate price US$/t 24,500 Lithium DSO price AS$/t 430 Project outcomes Revenue A$M 513.4 Operating costs A$M 251.1 Capital costs A$M 24.9 Net cash flow (post capital, pre-tax) A$M 237.5 NPV8% (pre-tax, real) A$M 220.8 IRR (pre-tax, real) % 4,995% Payback period (pre-tax) months 4 The release of the Study coincided with the declaration of an initial MRE for Kangaroo Hills, comprising 3.10 Mt at 1.01% Li2O for 31,200 t contained Li2O (at a 0.40% Li₂O cut-off). Table 3 – Kangaroo Hills Mineral Resource Estimate (July 2026) Category Tonnes (Mt) Grade Contained Metal Li2O % Ta2O5 ppm Fe2O3 % Li2O (t) Ta2O5 (lb) Indicated 2.71 1.05 118 1.2 28,400 708,700 Inferred 0.38 0.74 113 1.6 2,800 95,500 Total 3.10 1.01 118 1.23 31,200 804,200 Note: Appropriate rounding applied. The release of the Study delivers a compelling assessment of Kangaroo Hills' development potential and establishes a strong platform for rapid execution. Based on the outcomes of the Study, Ore continues to advance discussions with potential strategic and commercial partners, including negotiations relating to offtake arrangements and prepayment funding solutions. REVIEW OF OPERATIONS Page | 11 As these discussions advance, Ore intends to progress additional project works to support further optimisation of the mine plan and forecast economics. Through recent diamond drilling at Kangaroo Hills, the Company has collected bulk mineralised HQ and PQ core samples which are set to be used in upcoming ore sorting, metallurgical and geotechnical studies. Exploration activities across the broader Coolgardie Lithium Projects are also continuing, designed to target further resource growth and new discoveries across the Company’s underexplored lithium tenure (focussed on Kangaroo Hills and Miriam). A 3,000m RC drilling programme was conducted in late July 2026, designed to target further extensions to the Big Red and Potoroo pegmatites. This drilling includes first-pass drilling of priority targets at Miriam, where no lithium-targeted drilling activities have been conducted previously. Assay results were reported in mid-September highlighting successful extensions to the Big Red and Potoroo pegmatite systems beyond the current MRE boundaries, with mineralisation remaining open to the north and west. • Significant intercepts include: ο 15m @ 1.14% Li2O from 68m (KHRC219), including 6m @ 1.60% Li2O (Potoroo) ο 15m @ 1.00% Li2O from 142m, including 3m @ 1.82% Li2O (KHRC225) (Big Red) ο 10m @ 1.04% Li2O from 155m (KHRC224), within 18m @ 0.83% Li2O from 147m (Big Red) ο 6m @ 1.00% Li2O from 59m (KHRC220) (Potoroo) Figure 5: Plan view exploration drilling at KHLP In parallel, the Company is advancing its Mining Licence (ML) applications towards grant, as well as progressing all necessary workstreams for requisite environmental approvals for the project. Subject to receipt of requisite approvals and finalisation of project funding, the Company is targeting FID for the project in mid CY2027. REVIEW OF OPERATIONS Page | 12 COOLGARDIE GOLD PROJECTS, WESTERN AUSTRALIA Ore’s Coolgardie Gold Projects represent more than 80km2 of prospective gold exploration tenure located in a world- class geological and operating region. Figure 6: Location Map – Coolgardie Gold Projects1F2 Expansive 30,000m Phase 4 Drilling Programme Progressing Ore is currently executing an expansive Phase 4 drilling programme at its Coolgardie Gold Projects over 2026. This programme consists of a combined 30,000m of RC, diamond core and aircore drilling, designed to materially advance gold prospectivity and new discovery potential across its broader project landholdings. 2 Three Mile Hill refer to Focus Minerals ASX Announcement dated 1st December 2023, MacPhersons and Geko refer to Beacon Minerals’ Resource and Reserves. Burbanks refer to Matitana Minerals ASX Announcement dated 11th September 2026 and Bullabulling refer to Minerals 260 ASX Announcement dated 8th July 2026 REVIEW OF OPERATIONS Page | 13 Over January and February 2026, Ore completed an RC drilling programme at Forrest (which sits within Miriam), consisting of twenty-three (23) RC drill holes for approximately 3,900m drilled. These RC drill holes were designed to specifically target extensions to high-grade lodes and to test their geometry through off-section, oriented drilling. Following the completion of RC drilling, Ore conducted a 1,000m diamond drilling programme in March 2026 to further test both down-dip and strike extensions across the Forrest gold system. This programme was specifically designed to improve Ore’s geological understanding of key structural and lithological controls, while also collecting mineralogy and density information to support expansion of the existing gold footprint at Forrest and inform future resource estimation work. Over the June 2026 quarter, Ore conducted its 15,000m regional AC drilling programme. This large-scale drilling programme initially focussed on Burbanks East. The programme then shifted to drill testing key Miriam regional prospects including Jungle, Forrest North, Burbanks Monarch and Goroke. This drilling also included systematic follow- up drill testing of the Canyon prospect. Miriam Gold Project (100%) The Miriam tenure covers a region of the Coolgardie Greenstone Belt overlying a suite of mafic and ultramafic units along with felsic intrusives. Miriam overlies formations and structural trends that host multiple nearby gold deposits, including Maritana Minerals’ Burbanks (755 koz @ 1.7 g/t Au), Beacon Minerals’ McPhersons Reward (132 koz @ 1.2 g/t Au) and Focus Minerals’ Coolgardie Operations (2.7 Moz @ 1.8 g/t Au).2F 3 3 Refer to Matitana Minerals ASX Announcement dated 11th September 2026, Beacon Minerals ASX announcement dated 6th November 2024 and Focus Minerals ASX Announcement dated 1st December 2023 REVIEW OF OPERATIONS Page | 14 Figure 7: Miriam Project – Plan View Phase 1 RC drilling programme In July 2025, Ore conducted its maiden, gold-focused RC drilling programme at Miriam. The programme consisted of twenty-one (21) holes for approximately 1,900m drilled and was designed to target gold mineralisation at the Forrest and Canyon prospects. Phase 1 delivered numerous thick, high-grade gold intercepts at Forrest within shallow oxidised areas, including significant extensional outcomes to known historical gold zones. The best result from the Phase 1 drilling at the Forrest prospect was from hole FGRC004, which returned a thick gold intercept of 33m @ 2.80 g/t Au from 35m downhole (4m composite sample: 33m @ 1.57 g/t Au from 35m). Phase 1 drilling at Canyon targeted a 200m strike section of an interpreted shear zone located approximately 1.5km south of Forrest, targeting magnetic features analogous to those associated with mineralisation at Forrest. The shear REVIEW OF OPERATIONS Page | 15 zone was successfully intercepted in three (3) holes (CYRC001, CYRC004 and CYRC007), each returning anomalous gold mineralisation within the near-surface oxide profile. Following the full release of Phase 1 results from Forrest and Canyon, Ore returned to the field to collect the corresponding 1m cyclone split samples from any 4m composites which returned a value greater than 0.1 g/t Au. These single-metre sample assay results significantly upgraded several of the key Phase 1 intercepts reported from both Forrest and Canyon. Phase 2 RC drilling programme The Phase 2 RC drilling programme was completed at Miriam in October 2025, consisting of 35 holes for over 3,700m. The Phase 2 programme was designed to rapidly follow up the substantial exploration success achieved during the Phase 1 programme at the Forrest and Canyon prospects. Phase 2 drilling at Forrest had dual aims. The first objective was further extending the shallow oxide gold lodes identified during the Phase 1 programme. This included a follow-up of drill hole FGRC004. The second objective was to further evaluate and extend the fresh rock gold lode identified in hole FGRC003, which returned 12m @ 1.56 g/t Au from 75m. Significantly, all three fence lines of drilling to the south intercepted gold mineralisation, suggesting the presence of a stacked, multi-lode gold system consisting of sub-vertical thick high-grade gold lodes remaining open to the southwest and northeast along strike and at depth. Hole FGRC024, an immediate southern step-out drill hole from FGRC003, achieved 25m @ 3.28 g/t Au from 119m including a high-grade zone of 6m @ 10.76 g/t Au from 131m down hole (Figure 3). Importantly, this intercept was mineralised to end of hole, indicating that the Forrest system remains open at depth and up dip with significant grade and thickness potential remaining to be tested. Drilling in this area also achieved the single best intercept at Miriam by gram-metres, with hole FGRC027 returning 12m @ 12.18 g/t Au from 48m, which intercepted a mineralised shear within transitional and fresh rock. This intercept represented a new thick high-grade primary lode, open up-dip and at depth and along strike north-south (N-S). The Phase 2 programme also confirmed a f