Announcement PDF 1 TG Metals Limited ACN: 644 621 833 ANNUAL REPORT For the year ended 30 June 2026 TG Metals Ltd Contents 30 June 2026 2 Corporate directory 3 Chairperson's Letter 4 Directors' report 5 Auditor's independence declaration 28 Consolidated statement of profit or loss and other comprehensive income 29 Consolidated statement of financial position 30 Consolidated statement of changes in equity 31 Consolidated statement of cash flow 32 Notes to the consolidated financial statements 33 Directors' declaration 53 Consolidated entity disclosure statement 54 Independent auditor's report 55 ASX Additional Information 60 TG Metals Ltd Corporate directory 30 June 2026 3 Directors Richard Bevan (Non-Executive Chair) Brett Smith (Non-Executive Director) Di (Gloria) Zhang (Non-Executive Director) Company Secretary Nicki Farley Registered Office Level 24, 44 St Georges Terrace PERTH WA 6000 Ph: +61 8 6211 5099 Principal Place of Business Level 2, Suite 3 28 Ord Street West Perth WA 6005 Share Registry Automic Registry Services Level 5, 191 St Georges Terrace PERTH WA 6000 Auditors BDO Audit Pty Ltd Level 9 Mia Yellagonga Tower 2 5 Spring St PERTH WA 6000 Stock Exchange Listing Australian Securities Exchange Home Exchange: Perth ASX code: TG6 Corporate Governance Statement https://tgmetals.com.au/about-us/corporate-governance/ TG Metals Ltd Chairperson's Letter 30 June 2026 4 Chairperson’s Letter Dear Shareholders, It is my pleasure to present the Annual Report for TG Metals Limited for the financial year ending 30 June 2026. As seems to be the norm, the year presented some opportunities and challenges for junior resources companies. TG Metals has had another productive year, with our initial focus firmly on the Van Uden Gold Project, but later in the financial year, the rebound in the lithium commodity price provided us the confidence to progress our Lake Johnston Lithium Project in tandem. At the Van Uden Gold Project we successfully upgraded our Mineral Resource Estimate (MRE) to 270,800 ounces of gold, with 56% now classified in the high-confidence Indicated category. The resource upgrade has unlocked a commercial pathway to near term cash flow with an On-Site Heap Leach operation for the extensive laterite resource, supported by excellent metallurgical testwork results with gold recoveries exceeding 95% in column leach tests. The Scoping Study for the Heap Leach is imminent and shows significant upside opportunities exist from already identified extensions of the laterite mineralisation. We have executed a non-binding Ore Processing and Profit Share Agreement (OPPSA) with Medallion Metals Limited for third-party treatment of our gold stockpiles and are advancing discussions with other parties around exploiting the primary gold resource at Van Uden. At the Lake Johnston Project, post-year end, we achieved a major milestone by delivering a maiden resource at the Burmeister deposit of 11.58 million tonnes at 1.05% Li₂O. We also defined a substantial Exploration Target of 15.0 to 25.0 million tonnes, demonstrating the clear scale potential of this asset and positioning the Lake Johnston project as a quality asset. We have applied for a Mining Lease and commenced investigations into Direct Shipping Ore (DSO) potential to fast- track near-term cash flow from Lake Johnston. Infill core drilling has commenced to upgrade the resource and provide samples to interested parties to progress critical offtake discussions. Your Company is now firmly positioned with two high-quality, advancing assets in tier-one mining jurisdictions. Whether through low-capital gold heap-leach operations, toll-treatment partnerships, or fast-tracked lithium DSO options, our focus remains on driving shareholder value through disciplined exploration and strategic development. I would like to thank our geological and management teams for their hard work during this transformative period, and our shareholders for their continued support. Sincerely Richard Bevan TG Metals Ltd Directors' report 30 June 2026 5 The Directors present their report, together with the financial statements and notes of TG Metals Ltd (the Company) and its controlled entity (the Group) for the year ended 30 June 2026. TG Gold Pty Ltd was incorporated on 11 November 2024 and TG Battery Metals Pty Ltd on 2 September 2025 which forms the consolidated group. Directors The names of the Directors in office during the financial year and up to the date of this report, unless otherwise stated, are: Richard Bevan Brett Smith Di (Gloria) Zhang Information on Directors Richard Bevan, Non-Executive Chair Mr Bevan has extensive senior management experience having been the managing director and CEO of a number of listed and unlisted companies, including founding managing director of Cassini Resources. He has been involved in a diverse range of business areas such as healthcare, technology services and natural resources. He brings experience in the execution and integration of mergers, acquisitions and other major corporate transactions. Mr Bevan is currently Non-Executive Director of Killi Resources Limited, Executive Chair of Narryer Metals Limited and Non-Executive Director of Duketon Mining Limited. Directorships held in other ASX-listed companies in the last 3 years: ● Duketon Mining Limited, appointed 19 March 2026 ● Killi Resources Limited, appointed 18 August 2021 ● Narryer Metals Limited, appointed 1 July 2021 Interests in shares: 2,472,917 Interests in options: 600,000 Interests in rights: 1,000,000 Brett Smith, Non-Executive Director Mr Smith has over 20 years’ experience in investor engagement, corporate management and board responsibilities with private and ASX-listed companies, and more than 35 years’ experience as a geologist across a wide range of commodities and global jurisdictions. Mr Smith is currently Non-Executive Director of Aruma Resources Limited and General Manager – Technical at Killi Resources Limited. Directorships held in other ASX-listed companies in the last 3 years: ● Corazon Mining Limited, appointed 1 July 2010, resigned 31 March 2025 ● Aruma Resources Limited, appointed 1 August 2022 Interests in shares: 3,273,750 Interests in options: 600,000 Interests in rights: 1,000,000 Di (Gloria) Zhang, Non-Executive Director Ms Zhang has over 33+ years of experience in international business, banking, project management, and marketing. She advises ASX-listed companies across the resources, energy, technology, and biotech sectors. She plays a key role in capital raising, offtake negotiations, joint venture management, and fostering relationships with Asian shareholders. Ms Zhang is a Graduate Member of the Australian Institute of Company Directors, and currently serves as Chair of several international businesses. TG Metals Ltd Directors' report 30 June 2026 6 Directorships held in other ASX-listed companies in the last 3 years: ● None Interests in shares: 1,730,000 Interests in options: 600,000 Interests in rights: 1,000,000 Company secretary Nicki Farley (BA, LLB) On 2 March 2022, Ms Farley was appointed as Company Secretary. Ms Farley has over 15 years' experience working within the legal and corporate advisory sector providing advice in relation to capital raisings, corporate and securities laws, mergers and acquisitions and corporate compliance. Ms Farley has held a number of secretarial roles for ASX listed companies. Principal Activities The Company’s principal continuing activities consisted of exploring for, discovering and then proceeding to develop mineral deposits. Operating Results The loss for the year ended 30 June 2026 after providing for income tax amounted to $2,566,581 (2025: $1,418,500). Review of Operations TG Metals successfully executed its planned exploration and development programs at the Lake Johnston lithium and Van Uden Gold projects, upgrading the Van Uden resource following an extensive drilling campaign and producing a maiden resource the Burmeister lithium spodumene deposit post end of the period. Figure 1 shows the TG Metals projects locations. TG Metals Ltd Directors' report 30 June 2026 7 Figure 1 – Simplified Geology with project locations. Datum: AMG Zone 51 (GDA94) Van Uden Project – Gold During the period the Company conducted reverse circulation and diamond core drilling on the Van Uden gold deposit which resulted in an upgrade of the Van Uden mineral resource estimate (MRE) to 270,800 ounces as shown in the MRE table 1: TG Metals Ltd Directors' report 30 June 2026 8 Table 1: MRE – Van Uden Gold Deposit NOTES: The Mineral Resources statement conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. All tonnages are dry metric tonnes. The laterite portion of the mineralisation has been reported at a cut-off grade of 0.10 g/t Au by area within a A$6,000/oz Au optimised pit shell. All other material types are reported at a cut-off grade of 0.30 g/t Au by area within a A$6,000/oz Au optimised pit shell based on mining parameters and operating costs typical for Australian open pit extraction deposits of a similar scale and geology. Minor discrepancies may occur due to rounding of appropriate significant figures. The resources comply with the Reasonable Prospects for Eventual Economic Extraction (RPEEE), a key principle in mineral resource reporting that requires the competent person to demonstrate that a mineral deposit has the potential to be economically extracted in the future The upgrades MRE now contains 56% of ounces in the Indicated category and a substantial 89% of the Laterite component in the Indicated category. This has allowed mining and processing studies to proceed, resulting in the commencement of a Scoping Study on heap leaching the Laterite component of the MRE on-site at Van Uden. Van Uden Project – Gold Drilling The drilling programs undertaken during the period which underpin the April 2026 MRE produced numerous high grade intercepts, shown in Figure 2. Highlights from the programs included: • 15m @ 4.06 g/t Au from 17.0m, including 3m @ 14.63 g/t Au • 13m @ 1.12 g/t Au from 22.0m • 5m @ 1.46 g/t Au from 40.0m, including 2m @ 2.58 g/t Au • 7m @ 1.09 g/t Au from 15.0m, including 3m @ 1.71 g/t Au • 5m @ 0.91 g/t Au from 1.0m, including 2m @ 1.44 g/t Au • 8m @ 2.74 g/t Au from 32.0m, including 3m @ 3.96 g/t Au • 4m @ 1.36 g/t Au from 45.0m and 8m @ 0.90 g/t Au from 52.0m and 5m @ 1.57 g/t Au from 70.0m • 4m @ 1.01 g/t Au from 55.0m and 5m @ 1.60 g/t Au • 5m @ 1.13 g/t Au from 30.0m • 4m @ 0.60 g/t Au from 33.0m and 6m @ 0.97 g/t Au from 39.0m • 12m @ 0.91 g/t Au from 119.0m, 4m @ 0.88 g/t Au from 138.0m and 7m @ 4.16 g/t Au from 145.0m • 2m @ 0.52 g/t Au from surface and 10m @ 2.53 g/t Au from 38.0m • 16m @ 2.16g/t Au from 34.0m and 3m @ 1.49 g/t Au from 73.0m • 14m @ 1.13g/t Au from 171.0m • 10m @ 2.10g/t Au from 39.0m • 7m @ 3.23g/t Au from 127.0m • 6m @ 3.35 g/t Au from 40.0m, including 3m @ 5.22 g/t Au from 41.0m • 6m @ 1.74 g/t Au from surface and 14m @ 0.99 g/t Au from 24.0m • 4m @ 4.14 g/t Au from 12.0m, including 1m @ 13.52 g/t Au from 14.0m • 13m @ 2.26 g/t Au from 48.0m, including 1m @ 9.17 g/t from 55.0m • 13m @ 1.48 g/t Au from 18.0m • 10m @ 1.75 g/t Au from 44.0m, including 1m @ 8.55 g/t Au from 45.0m • 5m @ 2.94 g/t Au from 44.0m, including 1m @ 8.05 g/t Au from 46.0m • 5m @ 2.60 g/t Au from 84.0m, including 1m @ 8.95 g/t Au from 84.0m • 30m @ 1.60 g/t Au from 43.0m and 4m @ 1.10 g/t Au from 88.0m • 15m @ 2.22 g/t Au from 86.0m and 2m @ 1.14 g/t Au from 123.0m • 13m @ 2.48 g/t Au from 125.0m and 6m @ 0.94 g/t Au from 158.0m • 13m @ 2.23 g/t Au from 181.0m and 3m @ 0.97 g/t Au from 197.0m • 11m @ 1.95 g/t Au from 12.0m, incl. 4m @ 4.62 g/t Au from 19.0m • 12m @ 1.62 g/t Au from 15.0m, incl. 1m @ 12.39 g/t Au from 21.0m Material Grade Grade Grade (Au g/t) (Au g/t) (Au g/t) Laterite 886,000 0.56 15,900 167,000 0.33 1,800 1,053,000 0.52 17,700 Oxide 1,976,000 1.15 73,300 414,000 0.91 12,100 2,390,000 1.11 85,400 Transition 1,115,000 1.07 38,300 740,000 1.01 24,100 1,855,000 1.05 62,400 Fresh 580,000 1.35 25,100 2,057,000 1.21 80,200 2,637,000 1.24 105,300 Total 4,557,000 1.04 152,600 3,378,000 1.09 118,200 7,935,000 1.06 270,800 Gold (oz) Indicated Inferred Total Mineral Resource Estimate Van Uden Gold Deposit - April 2026 Tonnes Gold (oz) Tonnes Gold (oz) Tonnes TG Metals Ltd Directors' report 30 June 2026 9 Figure 2 – Resource Drilling Collars Showing Select Intercept Highlights. Datum: AMG Zone 51 (GDA94) TG Metals Ltd Directors' report 30 June 2026 10 The drilling and resource modelling continue to show that the Van Uden deposit is open at depth and along strike. Exploration drilling to the south of Van Uden intersected the gold mineralised Van Uden shear, extending the strike length to 4.3Km. Figure 3 shows the southern intercepts including cross section. Figure 3 – Van Uden, New Drilling Collars Showing Intercept Highlights and Cross Section TG Metals Ltd Directors' report 30 June 2026 11 Van Uden Project – Gold Laterite Heap Leach During the period the Company commenced a study on heap leaching the laterite component of the Van Uden MRE. The study included Column Leach metallurgical testwork and auger drilling on prospective laterite outside of the current resource. Column leach testwork reported on 14 May 2026, included gold recoveries exceeding 90% after 52 days leaching. Three columns were commissioned for leaching testwork, two at 4 metres height and one at 2 metres height. All columns used gold bearing Laterite material from within the Van Uden laterite resource, with the samples subjected to crushing to 25mm and agglomeration. As at period end the two 4 metre columns have been decommissioned having reached a nominal leach recovery of +95% and the third 2 metre column remains under leach. Subsequent to the end of the period, the Company reported auger drilling results for extended laterite targets on 9 July 2026 which supports follow-up aircore drilling to commence later in 2026 with the aim of increasing available laterite resources for inclusion in the proposed heap leach operation. Figure 4 shows the existing Laterite resource and the extensional auger drilled Laterite. Figure 4 – Van Uden Laterite, Showing New Auger Drilling Collars, Significant Intercepts and Mineralised Laterite Trends TG Metals Ltd Directors' report 30 June 2026 12 Van Uden Project – Gold City Exploration During the period the Company conducted exploration activities at the Gold City Prospect which lies 20km south of the Van Uden MRE. Exploration consisted of Soil Sampling and RC Drilling. Soil sampling generated new drilling targets at Gold City and expanded the known historical mineralisation footprint. Figure 5 shows the expanded soil anomaly footprint and the RD Drilling intercepts reported on 25 November 2025. Figure 5 – RC Drilling Collars Showing Intercept Highlights over gold in soil anomaly TG Metals Ltd Directors' report 30 June 2026 13 Lake Johnston Project – Lithium During the period the Company applied for a Mining Lease over the Burmeister spodumene lithium deposit and commenced investigations into the potential for direct shipping ore (DSO) from the deposit. This included examination of previous drilling undertaken from 2023 to 2025 for generation of a DSO metric MRE. Subsequent to the end of the period, the Company released a maiden resource for the Burmeister deposit and an updated Exploration Target Statement. These results were released on 18 August 2026. Tables 2 and 3 below detail, the MRE and Exploration Target Statement and Figure 6 shows the Burmester maiden resource model. Table 2 – Burmeister Resource August 2026 Notes: • MRE is reported above a Li2O cut-off grade of 0.40% within an optimised pit shell using appropriate mining and processing costs, recoveries, concentrate payabilities and revenue values • Mineral Resources are not Mineral Reserves - further detailed economic studies and additional modifying factors are required • The MRE was classified following the guidelines presented in JORC Code 2012 • Totals may not add up due to rounding Table 3 – Exploration Target Range at 0.4% Li2O cutoff The Exploration Target quantity and grade is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target is based on the Company’s resource definition drilling undertaken since discovery in October 2023. The current drill hole density for some areas within the drill defined Burmeister deposit are not considered sufficient to determine a Mineral Resource. The resource and expanded models will be used for further study work into the DSO potential at Burmeister. Core drilling commenced subsequent to the period to infill existing drilling and to provide core samples to interested parties to progress offtake discussions. TG Metals Ltd Directors' report 30 June 2026 14 Figure 6 – Plan view of interpreted lithium pegmatites with conceptual DSO pit shell TG Metals Ltd Directors' report 30 June 2026 15 Business Development On the 9 February 2026, the Company announced the lodgement of a provisional patent application for the enhanced recovery and quality of spodumene concentrates. The technology enhances the metallurgical flowsheet for the Burmeister deposit mineralisation at the company’s wholly owned Lake Johnston Lithium Project. During the period the Company progressed discussions on third party treatment of Van Uden gold mineralised stockpiles and subsequent to the end of the period on 22 July 2026, executed a non-binding ore processing and profit share agreement (OPPSA) with Medallion Metals Limited. Also during the period the Company applied for miscellaneous licences encompassing the Van Uden haul road which were subsequently Granted and the company also applied for a Mining Lease and miscellaneous licence to explore for water at the Lake Johnston lithium project. Material Business Risk The Company makes every effort to identify material risks and to manage these effectively. This section does not attempt to provide an exhaustive list of risks faced by the Company or by investors in the Company, nor are they in order of significance. Actual events may be different to those described. The Board aims to manage these risks by carefully planning its activities and implementing risk control measures. Some of the risks are, however, highly unpredictable and the extent to which the Board can effectively manage them is limited. a) Tenure and Access Risk Applications While the Company does not anticipate there to be any issues with the grant of its Tenement applications, there can be no assurance that the applications (or any future applications) will be granted. While the Company considers the risk to be low, there can also be no assurance that when the relevant tenements are granted, they will be granted in their entirety. Some of the tenement areas applied for may be excluded. Renewal Mining and exploration tenements are subject to periodic renewal. The renewal of the term of granted tenements is subject to the discretion of the relevant authority. Renewal conditions may include increased expenditure and work commitments or compulsory relinquishment of areas of the tenements. The imposition of new conditions or the inability to meet those conditions may adversely affect the operations, financial position and/or performance of the Company. Access A number of the tenements overlap certain third party interests that may limit the Company’s ability to conduct exploration and mining activities, including Crown Reserves, areas on which native title is yet to be determined and other forms of tenure for access roads, pipelines and similar third party interests. Where the Project overlaps other tenure land, exploration and mining activity on the Project may require authorisation or consent from the owners of that land. The Company is not required to enter into land access agreements to undertake its proposed exploration program on the Tenements. However, the Company intends to carry out heritage clearance surveys before implementing its proposed ground disturbing exploration programs. The Company’s current proposed exploration programs are not impacted by the known sites of registered aboriginal heritage significance. The Group manages tenure and access risk by maintaining strict compliance with all legislative and regulatory requirements attached to its licences, actively monitoring renewal deadlines, and ensuring all statutory reporting and expenditure obligations are met. Due diligence is undertaken on new acquisitions to confirm title security. The Group also engages proactively with landholders, traditional owners, regulators and communities to establish and maintain access agreements and foster constructive relationships. Specialist legal, native title and land access advice is sought where necessary. TG Metals Ltd Directors' report 30 June 2026 16 b) Exploration Risk Potential investors should understand that mineral exploration and development are high-risk undertakings. There can be no assurance that exploration of the Project, or any other tenements that may be acquired in the future, will result in the discovery of an economic ore deposit. Even if an apparently viable deposit is identified, there is no guarantee that it can be economically exploited. The success of the Group will also depend upon the Group having access to sufficient development capital, being able to maintain title to its projects and obtaining all required approvals for its activities. In the event that exploration programmes prove to be unsuccessful this could lead to a diminution in the value of the Tenements, a reduction in the cash reserves of the Group and possible relinquishment of its projects. The Group manages this risk by applying structured exploration programs, relying on experienced geological teams, utilising modern technology, and progressively advancing projects only when results support further investment. c) Climate Change The operations and activities of the Company are subject to changes to local or international compliance regulations related to climate change mitigation efforts, specific taxation or penalties for carbon emissions or environmental damage and other possible restraints on industry that may further impact the Company. While the Company will endeavour to manage these risks and limit any consequential impacts, there can be no guarantee that the Company will not be impacted by these occurrences. Climate change may also cause certain physical and environmental risks that cannot be predicted by the Company, including events such as increased severity of weather patterns, incidence of extreme weather events and longer- term physical risks such as shifting climate patterns. All these risks associated with climate change may significantly change the industry in which the Company operates. The Group manages these risks through climate scenario assessments, investment in energy-efficient technologies, compliance with emissions and reporting requirements, and incorporating sustainability considerations into project planning. d) Reliance on Key Personnel The Group’s future depends, in part, on its ability to attract and retain key personnel. It may not be able to hire and retain such personnel at compensation levels consistent with its existing compensation and salary structure. Its future also depends on the continued contributions of its key management and technical personnel, the loss of whose services would be difficult to replace. In addition, the inability to continue to attract appropriately qualified personnel could have a material adverse effect on the Company’s business. Retention strategies include competitive remuneration structures, equity incentive programs and fostering a positive workplace culture to attract and retain skilled employees. e) Environmental The operations and proposed activities of the Company are subject to Australian laws and regulations concerning the environment. As with most exploration projects and mining operations, the Company’s activities are expected to have an impact on the environment, particularly if advanced exploration or mine development proceeds. It is the Company’s intention to conduct its activities to the highest standard of environmental obligation, including compliance with all applicable environmental laws. The disposal of mining and process waste and mine water discharge are under constant legislative scrutiny and regulation. There is a risk that environmental laws and regulations become more onerous making the Company’s operations more expensive. Approvals are required for land clearing and for ground disturbing activities. Delays in obtaining such approvals can result in the delay to anticipated exploration programmes or mining activities. To manage these risks, the Group engages with regulators and communities, and makes appropriate provisions for rehabilitation and closure obligations. TG Metals Ltd Directors' report 30 June 2026 17 f) Native Title The Native Title Act recognises and protects the rights and interests in Australia of Aboriginal and Torres Strait Islander people in land and waters, according to their traditional laws and customs. There is significant uncertainty associated with Native Title in Australia and this may impact on the Company's operations and future plans. The Group is required to enter into standard regional heritage agreements or negotiated alternative aboriginal heritage agreements for the Grant of its Tenement applications and to undertake its proposed exploration program on the Tenements. The Group’s current proposed exploration programs are not impacted by the known sites of registered aboriginal heritage significance. The Group manages this risk through early engagement with Traditional Owner groups, negotiation of access and heritage agreements, and compliance with applicable legislation and cultural heritage requirements. g) Economic General economic conditions, introduction of tax reform, new legislation, movements in interest and inflation rates and currency exchange rates may have an adverse effect on the Company, as well as on its ability to fund its operations. To mitigate these risks, the Group undertakes prudent financial management and maintains a conservative capital structure. h) Additional Requirements For Capital The Group’s capital requirements depend on numerous factors. The Group may require further financing in addition to amounts currently on its balance sheet. Any additional equity financing will dilute shareholdings, and debt financing, if available, may involve restrictions on financing and operating activities. If the Group is unable to obtain additional financing as needed, it may be required to reduce the scope of its operations. There is however no guarantee that the Group will be able to secure any additional funding or be able to secure funding on terms favourable to the Group. The Group manages this risk by maintaining strong relationships with shareholders, investors and brokers, actively monitoring capital markets, and pursuing a range of funding options to ensure flexibility in its capital structure. i) Cyber Security Risk The Group relies on information technology systems for its operational, financial and communication processes. These systems are subject to the risk of cyber-attack, data breaches, unauthorised access, system failure or theft of commercially sensitive information. Such events could disrupt operations, compromise confidential data, regulatory implications, or result in financial loss and reputational damage. The Group manages the cyber security risk by maintaining robust IT security protocols including multi-factor authentication, ongoing awareness training for staff and phishing testing, continuous upgrading of software and hardware to remove security risks, engaging third parties to conduct penetration testing. Significant Changes in the State of Affairs There have been no significant changes in the state of affairs of the Company during the financial year other than disclosed elsewhere in this Annual Report. TG Metals Ltd Directors' report 30 June 2026 18 Events Subsequent to Reporting Date Date Details 4 August 2026 The Company announced it had secured firm commitments to raise $2.5m (before costs) through a placement of 15.625 million shares at $0.16 per share (Placement). 10 August 2026 The Company issued 14,968,750 Shares to non-related parties under Tranche 1 of the Placement. 16 September 2026 At a General Meeting held on 16 September 2026, Shareholders ratified the issue of 14,968,750 Shares to non-related parties under the Company’s Placement (Tranche 1), approved the issue of 656,250 Shares to related parties (Tranche 2) and the issue of 3,000,000 Lead Manager Options. 16 September 2026 The Company issued 656,250 Shares to the related parties under Tranche 2 of the Placement and 3,000,000 Lead Manager Options as approved by Shareholders on 16 September 2026. No other matter or circumstance has arisen since 30 June 2026 that has significantly affected, or may significantly affect the Group's operations, the results of those operations, or the Group's state of affairs in future financial years. Likely Developments and Expected Results of Operations Likely developments, future prospects and business strategies of the operations of the Company and the expected results of those operations have not been included in this report as the Directors believe that the inclusion of such information would be likely to result in unreasonable prejudice to the Company. Dividends Paid or Recommended No dividends were paid during the financial year (2025: nil) and no recommendation is made as to payments of future dividends. Meetings of Directors During the financia