Announcement PDF ASX ANNOUNCEMENT 30 July 2025 JUNE 2025 QUARTERLY ACTIVITIES REPORT HIGHLIGHTS LMFP BATTERY STRATEGY • Additional testing equipment installed enabling Firebird to complete laboratory scale production from “Ore to Cathode” within its own R&D laboratory.i Button manufacturing and testing will remain at third party independent laboratory. • 10 kg/day lab-scale cathode production facility now established. • LMFP results demonstrate higher energy density for Firebird LMFP, with key measurements (0.1C@156 mAh/g)ii indicating >10% improvement over standard LFP. • These LMFP test work results exceed current industry benchmarks; ongoing development aims to enhance this further using advanced methodologies. • Over 100 LMFP batches have been completed, with sample stockpile being built for distribution to Chinese and Western cathode manufacturers. • Substantial cost advantages expected to flow through to manganese sulphate operating costs through this innovative LMFP production process, which retains manganese sulphate in solution, eliminating the need for sulphate crystallisation, packaging and other ancillary costs. • Subsequent to the quarters end, two patents have been granted and four advancing through national review in China, strengthening Firebird’s robust intellectual property portfolio across the full LMFP value chain—from precursor formulation to advanced cathode architecture.iii • Patents confirm Firebird’s technical leadership in the fast-growing LMFP sector, showcasing our innovation edge in next-generation manganese-rich battery chemistries. • Patents are 100% owned by Firebird, supporting the Company’s LMFP strategy launched in 2023 and firmly positioning Firebird at the forefront of western LMFP technology development. CORPORATE • Leading global battery expert Ken Hoffman appointed as special advisor to assist with strategy to expand the Company’s activities into Western markets. • Mr Hoffman was previously the Global Head of Battery Materials at McKinsey & Company, where he advised on strategic planning, supply chain integration, and capital raising for clients across the global battery value chain Suite 38, 460 Stirling Highway Peppermint Grove WA 6011 ABN: 24 610 035 535 +61 8 6245 9818 admin@firebirdmetals.com.au ASX:FRB www.firebirdmetals.com.au KILN DEVELOPMENT • Firebird successfully completed calcining trials for Taza Metal Technologies (Taza), an established manganese chemical business based in Kazakhstan, who supplies the European market.iv • Taza, seeking to utilize stockpiles of lower-grade manganese ore (18–20% Mn) for highpurity manganese sulfate (HPMSM) production, engaged the Firebird technical team for support. • Taza is seeking to procure manganese chemical processing equipment, including a calcining kiln, from China. Trial work with Firebird forms a critical component of their due diligence in assessing potential supply partners. • Trial work was based on 3.3 tonne manganese ore sample received from Taza and Taza has covered all costs associated with completing the test work. • Results demonstrated a significant energy reduction, with average consumption of 230 kWh per tonne of ore feed (which includes drying and kiln pre-heating), compared to greater than 400 kWh/t quoted for conventional rotary kilns by third party suppliers. On a commercial-scale kiln, a further 25% reduction is expected— bringing total consumption to less than half. MANGANESE MARKET DEVELOPMENTS • Strong structural growth in demand for high-purity manganese chemicals, driven by current increasing adoption of LMFP and emerging LMR cathode technologies. Recent GM and Ford announcements confirm LMR as a key focus for future EV platforms. FINANCIAL • Cash at 30 June 2025: $1.5 million. Suite 38, 460 Stirling Highway Peppermint Grove WA 6011 ABN: 24 610 035 535 +61 8 6245 9818 admin@firebirdmetals.com.au ASX:FRB www.firebirdmetals.com.au Firebird Metals Limited (ASX: FRB, “Firebird” or “the Company”) is pleased to provide an update on its activities during the June 2025 Quarter (“the Quarter”). LMFP BATTERY STRATEGY Installation of the final equipment components enabling “Ore-to-Cathode” lab-scale production facility. Installed equipment is now operational, with a production capacity of 10 kilograms of MFP cathode material per day. Samples are available for distribution to interested cathode manufacturers both within China and Western cathode producers. The test facility allows Firebird to test the impact of different feedstocks, from front of process through to final product, and therefore provides a capability to test, measure and de-risk the impact of different feedstocks on process all the way through to final product. Firebird’s LMFP test work program made strong progress during the quarter, with over 100 batches completed at its R&D Centre and preparation of sample material underway for external evaluation. Button cell testing continues via third-party laboratories. Test work completed in collaboration with Central South University (CSU) who is globally recognised for its leadership in battery materials innovation. CSU’s faculty includes some of the world’s foremost experts in the lithium-ion battery supply chain, and its alumni include founders of major industry players such as BYD and Ronbay Technology. Suite 38, 460 Stirling Highway Peppermint Grove WA 6011 ABN: 24 610 035 535 +61 8 6245 9818 admin@firebirdmetals.com.au ASX:FRB www.firebirdmetals.com.au Discharge Specific Capacity Firebird Results Targeting 0.1 C 156 mAh/g >160 mAh/g 1C 133 mAH/g >140 mAh/g Chinese Industry Standard (T/CIAPS0029—2023) 150 mAh/g 130 mAh/g Note: 0.1C discharge capacity is the discharging or charging entire capacity over 10 hours & 1C discharging or charging entire capacity over 1 hours, both LMFP based Mn/Fe 60/40, with theoretical Voltage for cathode of 3.82V, all testing conducted in accordance with Chinese Industry Standard T/CIAPS0029—2023 Theoretical Energy Density Industry benchmarking based on 0.1C Testing Producer / Source mAh/g Volts Theoretical Energy Density (mAh/g x V = Wh/kg) Firebird LMFP 156 3.82 595.92 Wh/kg Dynanonic Spec Sheet LFP >150 3.41 511.5 Wh/kg 16.5% Dynanonic LFP commercial testing by CSU 158 3.41 538.78 Wh/kg 10.6% Suite 38, 460 Stirling Highway Peppermint Grove WA 6011 ABN: 24 610 035 535 +61 8 6245 9818 admin@firebirdmetals.com.au ASX:FRB % Improvement of FRB LMFP over www.firebirdmetals.com.au Results of the testing exceed Chinese industry standards, using materials that are all commercially available and from third party chemical suppliers. Test results confirm that Firebird’s MFP precursor materials can produce batteries that meet, and in some cases exceed, Chinese Industry standards. This demonstrates their strong potential as suitable feedstock for CAM manufacturers. Discharge Specific Capacity refers to the amount of electric charge a battery can deliver per unit mass of the active material during discharge. It is a key performance indicator for battery materials, especially cathodes and anodes. These results will provide essential real-world performance data for prospective cell manufacturing partners, supporting efforts to optimise battery efficiency, product consistency, and scalability. The results will establish the baseline for ongoing test work, including metal doping, carbonisation, and nanonisation, in line with customer processes and test methods — each expected to further enhance cathode performance. LMFP PATENTS Post-quarter end Firebird announced that two “Invention Patents” were granted in China for its proprietary LMFP material design and synthesis processes. These patents are 100% owned by Firebird and provide a structural cost and performance advantage by enabling direct integration of high-purity manganese sulphate (HPMSM) production with pre-cathode (pCAM) synthesis. Four additional patents are advancing through national review in China, with international filings also underway. Together, these patents represent a comprehensive portfolio of innovations in LMFP material design and synthesis, from precursor engineering to final cathode structures. By integrating manganese sulphate (MnSO₄) production directly with MFP pCAM processing, Firebird expects to realise a significant natural cost advantage in LMFP cathode material manufacturing — a key differentiator as the Company advances its strategy to become a vertically integrated, low-cost producer of manganese-based battery materials. This vertically integrated approach is a key differentiator as the Company continues to advance its strategy to become a low-cost, globally competitive producer of manganese-based battery materials. Importantly all intellectual property remains owned by Firebird Metals. Suite 38, 460 Stirling Highway Peppermint Grove WA 6011 ABN: 24 610 035 535 +61 8 6245 9818 admin@firebirdmetals.com.au ASX:FRB www.firebirdmetals.com.au Recent export restrictions imposed by China on advanced LMFP technology underscore the strategic importance of Firebird’s fully owned intellectual property. Developed independently through in-house innovation and collaboration with leading research institutions allows the Company to retain full control over its development pathway and commercialisation strategy. With the flexibility to operate both within China—where Firebird’s R&D and pilot operations are based— and in Western markets, Firebird is uniquely positioned to supply high-performance, manganeserich cathode materials to a rapidly growing global battery industry. KILN DEVELOPMENT The Company announced it has successfully completed calcining and leaching test work for Taza Metal Technologies (Taza) which is a part of ongoing technical due diligence of Firebird’s energyefficient calcining kiln for Taza’s manganese chemical production. Firebird’s Chinese subsidiary, Hunan Firebird Battery Technology (HFBT), has processed 3.3 tonnes of 18-20% manganese ore from lower-grade stockpiles from Taza’s mine in Kazakhstan using the Company’s pilot scale calcining kiln, reducing the manganese ore to manganese monoxide (MnO). Taza has covered all costs associated with completing the test work. This is another significant step in the Company’s strategy to commercialise its innovative, efficient technology globally, and validates the quality of Firebird’s calcining kiln. The trial demonstrated significant energy reduction, 230 kW/t (including energy consumption during startup and preheating) achieved against quoted 400 + kW/t for conventional rotary kilns from third party suppliers. On a commercial-scale kiln, a further 25% reduction is expected— bringing total consumption to less than half. Suite 38, 460 Stirling Highway Peppermint Grove WA 6011 ABN: 24 610 035 535 +61 8 6245 9818 admin@firebirdmetals.com.au ASX:FRB www.firebirdmetals.com.au Taza Metal Technologies, a Kazakhstan-based manganese mining and chemical processing company, is seeking to utilize stockpiles of lower-grade manganese ore (18–20% Mn) for highpurity manganese sulfate (HPMSM) production. Taza is actively pursuing the procurement of manganese chemical processing equipment from China, including a calcining kiln, as part of its strategy to expand high-purity manganese sulphate (HPMSM) production. As a key component of its due diligence process, Taza has re-engaged Firebird’s technical team, following previous successful collaboration, to undertake test work. These trials are designed to evaluate the performance, efficiency, and operational suitability of the proposed equipment under real-world conditions, providing critical technical validation to support Taza’s procurement decisions. Firebird’s Energy Efficient Calcining Kiln Firebird’s calcining kiln, currently under patent application, provides significantly greater energy efficiency than existing alternatives. Firebird has successfully completed trials of the pilot scale calcining kiln, with remarkable results generated – indicating that the calcining kiln has the potential to reduce energy usage by 70%.1 Compared to conventional kilns, which typically require more than 300kWh per tonne of feed, FRB’s pilot kiln operates at only 80-100kWh per tonne – translating to a significant cost reduction of USD30 per tonne of product, or approximately 5% of total production costs. The calcining kiln technology is highly scalable, and in addition to applications in manganeserelated mineral processing, will also be assessed for use across industries such as iron ore beneficiation and lithium sulphate production. 1 See FRB ASX announcement dated 21 October 2024: FRB Successfully Test Energy Efficient Rotary Kiln – 70% Reduction in Energy Consumption Suite 38, 460 Stirling Highway Peppermint Grove WA 6011 ABN: 24 610 035 535 +61 8 6245 9818 admin@firebirdmetals.com.au ASX:FRB www.firebirdmetals.com.au MANGANESE RICH BATTERY CHEMISTRIES The use of manganese-rich cathodes is expanding rapidly, with LMFP (Lithium Manganese Iron Phosphate) emerging as the leading candidate for mass-market adoption. MFP precursor materials will be critical in facilitating the broader shift from LFP to LMFP cathodes, supporting the next generation of cost-effective and higher-performing battery technologies. Soochow Securities forecast that LMFP will replace 50% of LFP to become a >US$20 billion market by 2030. The companies long term objective is to provide fully integrated processing solutions for manganese-rich cathode materials, with an initial focus on the rapidly emerging LMFP technology. While our R&D centre and operations are initially based in China, where global leadership in cathode material development and production makes it the ideal foundation. Our long-term objective is to replicate these activities in Western markets through the deployment of advanced technology and the establishment of localised production facilities. The Company looks forward to providing further updates as the test work program progresses. The use of manganese-rich cathodes is expanding rapidly, with LMFP (Lithium Manganese Iron Phosphate) emerging as the leading candidate for mass-market adoption. MFP precursor materials will be critical in facilitating the broader shift from LFP to LMFP cathodes, supporting the next generation of cost-effective and higher-performing battery technologies. Soochow Securities forecast that LMFP will replace 50% of LFP to become a >US$20 billion market by 2030. The companies long term objective is to provide fully integrated processing solutions for manganese-rich cathode materials, with an initial focus on the rapidly emerging LMFP technology. Our R&D centre is initially based in China, where global leadership in cathode material development and production makes it the ideal foundation. CORPORATE Ken Hoffman has been appointed as a special advisor. Mr Hoffman is a globally recognised expert in battery materials, with over 30 years of experience across investment management, energy, and the metals and mining sectors. He previously served as Global Head of Battery Materials at McKinsey & Company, where he led strategic planning, supply chain integration, and capitalraising initiatives for clients across the global battery value chain. Ken has conducted over 100 due diligence assessments on battery technologies and critical mineral assets and has developed AIbased evaluation frameworks for leading industry stakeholders. Prior to his tenure at McKinsey, Ken was Global Head of Metals & Mining Research at Bloomberg and held senior investment roles as Portfolio Manager and Global Director of Research at major funds including Millennium Partners and MarCap Investors. Global demand for high-purity manganese chemicals is entering a period of structural growth, driven by the rapid adoption of LMFP and the emerging shift toward LMR cathode technologies. These manganese-rich chemistries provide a cost-effective, high-performance alternative to traditional ternary batteries. Recent announcements from GM and Ford underscore this transition, with both automakers advancing LMR battery production as part of their nextgeneration EV strategies. However, there is currently very limited high-purity manganese sulphate production capacity outside of China, highlighting the urgent need for diversified and scalable supply to meet this growing demand. This marks a significant turning point for manganese, reinforcing its critical role in the future of battery materials Suite 38, 460 Stirling Highway Peppermint Grove WA 6011 ABN: 24 610 035 535 +61 8 6245 9818 admin@firebirdmetals.com.au ASX:FRB www.firebirdmetals.com.au FINANCIAL OVERVIEW The Appendix 5B for the quarter ended 30 June 2025 provides an overview of the Company’s financial activities. Exploration expenditure for the Quarter was $167,000 and primarily related to environmental work and consulting fees. Expenditure related to the development of the Chinese manganese sulphate plant and Mn 3O4 plant was $306,000. The total amount paid to Directors of the Company, their associated and other related parties was $168,000 comprising salary and Directors’ fees. Cash and cash equivalents at Quarter end were $1.5M. This announcement has been approved for release by the Board. For further information contact: Mr Peter Allen Managing Director +61 8 6245 9818 admin@firebirdmetals.com.au Suite 38, 460 Stirling Highway Peppermint Grove WA 6011 ABN: 24 610 035 535 +61 8 6245 9818 admin@firebirdmetals.com.au ASX:FRB www.firebirdmetals.com.au About Firebird Metals Limited Firebird Metals is an advanced manganese developer focused on combining mining and downstream processing with a dedication to the advancement of the EV battery sector. The Company is currently progressing its unique China-focused lithium manganese iron phosphate (“LMFP”) battery strategy, which will develop Firebird into a near-term producer of highpurity, battery-grade manganese sulphate, a key cathode material in LMFP batteries for electric vehicles. Execution of this strategy will place Firebird at the forefront of manganese sulphate production, at a time when the use and demand for manganese in batteries continues to rapidly grow. Due to the low number of ASX-manganese developers and increasing use of LMFP by car manufacturers, Firebird considers that it is in a strong position to benefit from this growing market and deliver significant value to its shareholder base. The Company also owns 100% of its project portfolio, located in the renowned East Pilbara manganese province of Western Australia, which boasts a total Resource of 234Mt2,3, with exciting exploration and development growth upside. The portfolio is led by the flagship Oakover Project, which holds a Mineral Resource Estimate of 176.7 Mt at 9.9% Mn, with 105.8 Mt at 10.1% Mn in an Indicated category. The Company is committed to generating sustainable long-term value and growth for stakeholders, through the implementation of best practice exploration methods while prioritising the well-being, health and environmental protection of its employees and communities it operates in. JORC Compliance Statement This announcement contains references to Mineral Resource Estimates, which have been reported in compliance with Listing Rule 5.8 and extracted from previous ASX announcements as referenced. The Company confirms that it is not aware of any new information or data that materially affects the information previously reported and that all material assumptions and technical parameters underpinning the Mineral Resource Estimates continue to apply and have not materially changed. See ASX announcement dated 23 March 2023: Indicated Resource of 105.8Mt at 10.1%; Inferred Resource of 70.9Mt at 9.6% for global Resource of 176.7 Mt at 9.9% Mn. 2 3 See ASX announcement dated 1 December 2021: Inferred Resource of 57.5 Mt at 12.2% Mn. Suite 38, 460 Stirling Highway Peppermint Grove WA 6011 ABN: 24 610 035 535 +61 8 6245 9818 admin@firebirdmetals.com.au ASX:FRB www.firebirdmetals.com.au Forward-looking statements This announcement may contain certain “forward-looking statements”. Forward looking statements can generally be identified by the use of forward-looking words such as, “expect”, “should”, “could”, “may”, “predict”, “plan”, “will”, “believe”, “forecast”, “estimate”, “target” and other similar expressions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Additional Listing Rule Information The Company advises the following information in accordance with Listing Rule 5.3.3 as at 30 June 2025: Western Australian Project Tenement Ownership at the Start of quarter Ownership at end of Quarter Oakover Oakover Oakover Oakover Hill 616 Disraeli* E 52/3577 E 46/1392 E 52/3948 E 46/1570 E 52/3633 E 46/1389 100% 100% 100% 100% 100% 20% 100% 100% 100% 100% 100% 0% Wandanya Wandanya* E 46/1456 E 46/1457 20% 20% 20% 0% The Company notes that the tenements marked with * were surrendered during the quarter and confirms that there no acquisitions of tenement interests during the quarter. References FRB ASX Announcement 10 June 2025: Firebird Installs Additional Equipment to Advance “Ore To Cathode” Laboratory-Scale Production ii mAh/g is milliampere-hours per gram & 0.1C discharge capacity is the discharging or i charging entire capacity over 10 hour, LMFP based Mn/Fe 60/40, with theoretical Voltage for cathode of 3.82V. iii FRB ASX Announcement 21 July 2025: Firebird Secures Key LMFP – Strengthens Global IP Position in Next-Gen Battery Materials iv FRB ASX Announcement 21 July 2025: Firebird’s Energy Saving Rotary Kiln Successfully Tests Low Grade Manganese Ore for European Sulphate Producer, Reducing Energy Use by >50% Suite 38, 460 Stirling Highway Peppermint Grove WA 6011 ABN: 24 610 035 535 +61 8 6245 9818 admin@firebirdmetals.com.au ASX:FRB www.firebirdmetals.com.au Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Firebird Metals Limited ABN Quarter ended (“current quarter”) 24 610 035 535 30 June 2025 Consolidated statement of cash flows Current quarter $A’000 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for Year to date (12 months) $A’000 (27) (253) (b) development - - (c) production - - (d) staff costs (168) (838) (e) administration and corporate costs (226) (966) (a) exploration & evaluation 1.3 Dividends received (see note 3) - - 1.4 Interest received - - 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other (GST refunds) 40 324 1.9 Net cash from / (used in) operating activities (381) (1,733) 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) tenements - - (c) property, plant and equipment - (47) (d) exploration & evaluation (140) (420) (e) investments – MnSO4+Mn3O4 plant China (306) (1,391) - - (f) other non-current assets ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 1 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 2.2 Current quarter $A’000 Year to date (12 months) $A’000 Proceeds from the disposal of: (a) entities - - (b) tenements - - (c) property, plant and equipment - - (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (provide details if material) - - 2.6 Net cash from / (used in) investing activities (446) (1,858) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) - - 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities - - 3.5 Proceeds from borrowings - 45 3.6 Repayment of borrowings (17) (17) 3.7 Transaction costs related to loans and borrowings (1) (2) 3.8 Dividends paid - - 3.9 Other (provide details if material) - - 3.10 Net cash from / (used in) financing activities (18) 26 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 2,347 5,067 4.2 Net cash from / (used in) operating activities (item 1.9 above) (381) (1,733) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (446) (1,858) 4.4 Net cash from / (used in) financing activities (item 3.10 above) (18) 26 ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts 5.1 Bank balances 5.2 Current quarter $A’000 Year to date (12 months) $A’000 - - 1,502 1,502 Current quarter $A’000 Previous quarter $A’000 1,502 2,347 Call deposits - - 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 1,502 2,347 6. Payments to related parties of the entity and their associates 6.1 Aggregate amount of payments to related parties and their associates included in item 1 142 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - Current quarter $A’000 Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 3 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report 7. Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 7.1 Loan facilities n/a n/a 7.2 Credit standby arrangements n/a n/a 7.3 Other (please specify) n/a n/a 7.4 Total financing facilities 7.5 Unused financing facilities available at quarter end 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. n/a n/a 8. Estimated cash available for future operating activities $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) (381) 8.2 Payments for exploration & evaluation classified as investing activities (item 2.1) (446) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (827) 8.4 Cash and cash equivalents at quarter end (item 4.6) 1,502 8.5 Unused finance facilities available at quarter end (item 7.5) 8.6 Total available funding (item 8.4 + item 8.5) 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 1,502 1.82 Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. 8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: Yes. 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: The company is confident it will raise sufficient cash from existing and new shareholders in the 3rd quarter of 2025 to continue the exploration and development of its projects. ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 4 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: Yes, as per answer in 8.8.2 Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. Date: 30 July 2025 By the Board Authorised by: ............