Announcement PDF ASX ANNOUNCEMENT 28 July 2025 JUNE QUARTERLY ACTIVITIES REPORT Delta Lithium Limited (ASX: DLI) (“Delta” or “the Company”) is pleased to provide a summary of activities undertaken during the most recent quarter ended 30 June 2025. June Quarter Highlights • • Delta's Mt Ida Gold asset has been successfully spun-out via a demerger and concurrent IPO into a new standalone, gold-focused ASX-listed exploration company, Ballard Mining Limited (“Ballard”) (ASX:BM1) o The demerger has unlocked value of the Mt Ida gold asset for Delta shareholders and separated Delta’s gold and lithium assets into two distinct companies o Eligible Delta shareholders received an in-specie distribution of one Ballard share for every 11.25 Delta shares held, effectively a capital return of $16M and allowing for the continued participation in the upside of the Mt Ida Gold Project o Delta's Managing Director, James Croser, joined the Board of Ballard as a Non-Executive Director to ensure a smooth transition of the Mt Ida Gold asset into the new standalone entity Ballard Mining raised $30 million (before costs) with an oversubscribed IPO, publicly listing on the ASX on 14 July 2025 o o • • Delta retained significant upside exposure to Ballard with a substantial 46% shareholding The demerger and IPO of Ballard has added $39M to the balance sheet of Delta (at the $0.25c per share issue price) Delta expanded its tenement footprint at the Yinnetharra Lithium and Tantalum Project with two significant transactions: the 100% purchase of Minerals 260 (ASX:MI6) Aston Project and 100% purchase of Zeus Resources Mortimer Hills Lithium Project o Transactions have added approximately 1,778km² to the Yinnetharra Project with Delta’s prospective package now totalling over 3,100Km² o Both assets have highly prospective tenure, are under-explored and host compelling targets for immediate exploration Yinnetharra Lithium and Tantalum Project Mineral Resource Estimate (MRE), recently updated by Snowden Optiro is currently at: o o 21.9Mt @ 1.0% Li2O (at 0.5% Li2O cut-off) 39.4Mt @ 102ppm Ta2O5 (at 65ppm Ta2O5 cut-off) • Systematic geochemical sampling and mapping over priority areas have commenced with Passive Seismic Surveys to follow this year and drill testing at Jamesons and adjacent prospects along the Leake Springs metasediment package in the following quarter • At the end of the quarter (pre-Ballard listing) Delta had cash 58.5M and listed investments of $1.75M Commenting on the quarter, Managing Director of Delta Lithium, Mr James Croser said: “The successful demerger of the Mt Ida Gold asset and subsequent IPO of Ballard Mining Limited and its ASX listing is the culmination of a lot of work by the Delta team and marks an important milestone for Delta Lithium, releasing the company’s gold assets into a dedicated gold vehicle in Ballard with its own identity, leadership and funding. We’re delighted with the strong support received from investors, who now hold ASX ANNOUNCEMENT 28 July 2025 shares in two distinct, focused companies, while Delta retains significant exposure to Ballard’s growth through our substantial shareholding. “We have also continued the advancement of our lithium portfolio with further expansion of our footprint at the Yinnetharra Lithium and Tantalum Project through the acquisitions of the Aston and Mortimer Hills projects, bringing our prospective package to over 3,100 square kilometres. The combined land access will provide us further opportunity to undertake wider greenfields exploration and capitalise on our existing understanding of Yinnetharra’s geology. “With Ballard’s listing, Delta has crystalised significant value onto our balance sheet and is well positioned to continue our Lithium journey with the fundamentals of our business in a stronger position.” MT IDA DEMERGER AND IPO During the quarter, Delta successfully completed the demerger of its Mt Ida Gold Project into a new, standalone entity, named Ballard Mining Limited. This strategic separation allows Delta to sharpen its focus on its core lithium business while providing investors with direct exposure to a promising gold exploration company. The Mt Ida Gold Asset is located approximately 100km northwest of Menzies, and approximately 225km by road from Kalgoorlie in Western Australia’s prolific Eastern Goldfields mining region. Rationale and Process On 29 April 2025, Delta announced an updated gold Mineral Resource Estimate (MRE) at the Mt Ida Project of a total Inferred and Indicated Mineral Resources of 10.3Mt @ 3.33 g/t Au for 1.1 Moz 1. This MRE update significantly increased the global gold inventory at the Mt Ida Project, demonstrating the presence of a large gold system, both immediately at Baldock and across the broader tenement package (see Figure 1) and represented significant potential upside for future exploration at the Mt Ida Project. Given the scale of the Mt Ida Gold MRE and a potential future standalone mining operation, together with the funds required to continue advancing the Mt Ida Project towards execution, the Board and management of Delta made a strategic decision to demerge the Gold Asset into Ballard to drive superior value for Delta Shareholders and new Ballard Shareholders. The Demerger, which received very strong institutional and retail support, provided shareholders one Ballard share for every 11.25 Delta shares held, allowing Delta shareholders to retain exposure to the value and upside of the Gold Asset. The result was a newly incorporated, standalone gold exploration company in Ballard, which will be focused on the advancement of the Gold Asset, with the rights to explore the asset’s location. Ballard Mining, named after Lake Ballard which is a local landmark near the Mt Ida Project, now holds the Gold Asset through its shareholding in Mt Ida AU Pty Ltd, which is a wholly owned subsidiary of Ballard. Ballard secured a high-calibre and experienced team with extensive experience in mineral exploration, project development, mining and financing in the resources industry to make up its Board and leadership. The team includes a combination of existing Delta directors and new appointments, including Delta's Managing Director, James Croser, who joined the Board of Ballard as a Non-Executive Director and representative of Delta as the major shareholder. Tim Manners and Paul Brennan will head the executive team and carry their current knowledge of the asset over to ensure a smooth transition of the Mt Ida Gold asset into the new standalone entity. Simon Lill has been appointed Chairman and Stuart Mathews will act as a Non-Executive Director. 1 See ASX Announcement 29 April 2025 entitled “Mt Ida Gold Resources Update & Proposed Demerger” 2 ASX ANNOUNCEMENT 28 July 2025 Figure 1: Mt Ida Project and Location of Gold Deposits The Demerger was subsequently followed by a successful IPO and ASX listing on 14 July 2025, with a capital raise of $30 million, $5 million of which was a priority offer to Delta shareholders and $25 million was an offer to institutional and broker firms, both of which were oversubscribed. The capital will allow Ballard to immediately commence a significant exploration, extensional and infill drilling program, including to facilitate drilling of regional growth targets and infill drilling at Baldock to support DFS workstreams and associated study work, with a view to reaching a final investment decision on building the gold mine. Delta remains as the tenement holder at Mt Ida and retains ownership of all minerals except for gold. The strategic decision provides Delta significant upside through a substantial holding in Ballard Mining, while enabling the Company to continue focusing on its primary business, being the exploration and development of its Australian lithium assets. YINNETHARRA LITHIUM PROJECT ACQUISITIONS The Yinnetharra project, in the Gascoyne region of Western Australia, targets Lithium mineralisation, with Delta now owning more than 3,100 km² of tenure outright and as Farm-in Joint Ventures. Across April and May, concurrent with ongoing fieldwork, the Company completed the strategic acquisition of two prospective lithium projects: the Zeus Resources’ Mortimer Hills Lithium Project and the Minerals 260’ (ASX:MI6) Aston Project. 3 ASX ANNOUNCEMENT 28 July 2025 These acquisitions support Delta’s strategy to grow resources and advance Yinnetharra towards feasibility. The expanded land holding from 1,769km² to more than 3,100 km² secures Delta’s dominant position in the Upper Gascoyne Lithium province and opens immediate exploration opportunities along the strike of Delta’s existing deposits at Malinda and Jamesons and into new acquired areas with existing geochemical lithium anomalies (See Figure 2). These acquisitions are directly adjacent to Delta’s existing granted tenure and provides strong exploration synergy for our exploration team along the margin to the Thirty-Three Supersuite granite pluton, which is considered to be the source of the Malinda and Jamesons lithium and tantalum deposits. The acquisitions follow the recently updated independent Lithium MRE update completed by Snowden Optiro for Malinda. Figure 2: Updated Yinnetharra Project Area including Tenure Acquisitions The Yinnetharra Lithium and Tantalum Project Mineral Resource Estimate (MRE) currently stands at: • 21.9Mt @ 1.0% Li2O (at 0.5% Li2O cut-off) • 39.4Mt @ 102ppm Ta2O5 (at 65ppm Ta2O5 cut-off) 2 2 Refer ASX announcement 31 March 2025 entitled ‘Yinnetharra Lithium and Tantalum MRE Update’ 4 ASX ANNOUNCEMENT 28 July 2025 Fieldwork activities continue at Yinnetharra, including target generation soil geochemistry and detailed geology mapping to support upcoming drill planning. Heritage surveys across the areas for the upcoming RC drill program are currently being cleared with a view to commencing drilling in the next quarter, following collation and incorporation of these datasets. Aston Project Acquisition The Aston Project acquired from Minerals 260 comprises of 15 granted exploration licences covering an area of approximately 1,700km². Prior, Minerals 260 exploration defined multiple lithium, tantalum, and rubidium soil anomalies, including a 5km-long lithium trend at Pyramid Hill, with no drilling previously undertaken. Many of these tenements adjoin Delta’s existing holdings and JV areas, streamlining exploration and potential development around the Malinda and Jameson deposits. Their close proximity to Jameson and ~10 km of additional strike along the Leake Springs Metamorphic unit -- which hosts all known lithium and tantalum resources at Yinnetharra -- makes it highly prospective. Delta has already begun target generation and will systematically drill test these promising areas following the heritage clearances mentioned above being undertaken over this new tenure in the coming quarter. Mortimer Hills Project Acquisition The acquisition of the Mortimer Hills Project comprises of one granted exploration licence, E09/2147, which is located 5km east southeast along strike from Malinda. This land package presents significant prospectivity due to its close proximity to Malinda, where the M1 and M36 pegmatites contain a combined 14.6Mt of the indicated resource. Field teams are scheduled to get onto the ground at Mortimer Hills in coming months to commence target generation soil geochemistry and detailed geology mapping. CORPORATE A General Meeting of Shareholders was held on 30 June to approve the Demerger & IPO of Ballard Mining, resolution was carried with 99.4% of shareholders in favour. During the quarter Delta disposed of listed investments for gross proceeds $1.2M Listed investments at the end of the quarter totalled $1.75M Cash at the end of the quarter was $58.5M. Amounts spent in the quarter relating to the Ballard listing and Mt Ida Gold exploration are included in the cash outflows of Delta Lithium for the quarter. Ballard Mining Limited ceased to be a subsidiary of Delta after the end of the June quarter. ASX COMPLIANCE ASX Listing Rule 5.3.1: Exploration and Evaluation Expenditure during the June 2025 Quarter was $4.487M. Full details of exploration activity during the June 2025 Quarter are set out in this report. ASX Listing Rule 5.3.2: There was no substantive mining production and development activities during the June 2025 Quarter. ASX Listing Rule 5.3.5: Payments to related parties of the Company and their associates during the June Quarter: $199k - The Company advises that this relates to non-executive director’s fees and executive directors’ salaries and entitlements only. Please see Remuneration Report in the Annual Report for further details on Directors’ remuneration. 5 ASX ANNOUNCEMENT 28 July 2025 Release authorised by the Board of Delta Lithium Limited. For further information, please contact: Delta Lithium James Croser, Managing Director Peter Gilford, CFO & Company Secretary +61 8 6109 0104 info@deltalithium.com.au Investor/Media Enquiries Morrow Sodali Russell Quinn +61 403 322 097 About Delta Lithium Delta Lithium (ASX: DLI) is an exploration and development company focused on bringing high-quality, lithium-bearing pegmatite deposits, located in Western Australia, into production. With a strong balance sheet and an experienced team driving the exploration and development workstreams. Delta Lithium continues to advance its Lithium Projects. The demerger and spin out of the gold assets into Ballard Mining Limited, in which Delta maintains a significant holding, is focussed on advancing the Mt Ida Gold Project which sits on existing Mining Leases with an approved Mining Proposal. Delta Lithium is pursuing a development pathway for the Lithium at Mt Ida to unlock maximum value for shareholders. Delta Lithium also holds the highly prospective Yinnetharra Lithium Project. Delta currently possess rights to 3,100km2 of prospective ground in the Gascoyne region and is undertaking systematic exploration of this tenure. The strategy is to focus multiple teams on these high priority targets, follow up with drilling and grow the Yinnetharra resource which will feed into subsequent studies. Competent Person's Statement Information in this Announcement that relates to exploration results is based upon work undertaken by Mr. Shane Murray, a Competent Person who is a Member of the Australasian Institute of Geoscientists (AIG). Mr. Murray has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a ‘Competent Person’ as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr. Murray is an employee of Delta Lithium Limited and consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Refer to www.deltalithium.com.au for past ASX announcements. Past Exploration results and Mineral Resource Estimates reported in this announcement have been previously prepared and disclosed by Delta Lithium in accordance with JORC 2012. The Company confirms that it is not aware of any new information or data that materially affects the information included in these market announcements. The Company confirms that the form and content in which the Competent Person's findings are presented here have not been materially modified from the original market announcement, and all material assumptions and technical parameters underpinning Mineral Resource Estimates in the relevant market announcement continue to apply and have not materially changed. Refer to www.deltalithium.com.au for details on past exploration results and Mineral Resource Estimates. Disclaimer This release may include forward-looking and aspirational statements. These statements are based on Delta Lithium management’s expectations and beliefs concerning future events as of the time of the release of this announcement. Forward-looking and aspirational statements are necessarily subject to risks, uncertainties and other factors, some of which are outside the control of Delta Lithium, which could cause actual results to differ materially from such statements. Delta Lithium makes no undertaking to subsequently update or revise the forward looking or aspirational statements made in this release to reflect events or circumstances after the date of this release, except as required by applicable laws and the ASX Listing Refer to www.deltalithium.com.au for past ASX announcements. Bibliography ASX Announcement 2 April 2025 “Investor Presentation” ASX Announcement 7 April 2025 “Notification of cessation of securities – DLI” ASX Announcement 24 April 2025 “March Quarterly” ASX Announcement 28 April 2025 “Acquisition of Tenure Adjacent to Yinnetharra” ASX Announcement 29 April 2025 “Mt Ida Gold Resource Update & Proposed Demerger” ASX Announcement 7 May 2025 “Investor Presentation RIU Sydney” ASX Announcement 9 May 2025 “Notification of cessation of securities – DLI” ASX Announcement 15 May 2025 “Delta confirms Gold Spin-out” ASX Announcement 21 May 2025 “Acquisition of Aston Project adjacent to Yinnetharra” ASX Announcement 30 May 2025 “Short-Form Prospectus” 6 ASX ANNOUNCEMENT 28 July 2025 ASX Announcement 30 May 2025 “Ballard Mining Limited Prospectus” ASX Announcement 30 May 2025 “Ballard Mining Limited IPO Presentation” ASX Announcement 30 May 2025 “Appendix 3A.5” ASX Announcement 2 June 2025 “Appendix 3A.5 Updated” ASX Announcement 10 June 2025 “Letter to Shareholders – Priority Offer” ASX Announcement 17 June 2025 “Notice of Meeting - Addendum” ASX Announcement 17 June 2025 “Supplementary Prospectus” ASX Announcement 30 June 2025 “Results of Meeting” JORC Tables Table 2: Global Lithium Mineral Resource Estimate Summary Table Delta Lithium Group Mineral Resource estimate (Li₂O only) Resource category Cut-off grade (Li₂O%) Mt Ida Ta₂O₅ Tonnes (Mt) Grade (% Li₂O) Li₂O (Kt) Grade (Ta₂O₅ ppm) - - - - 16.1 1.0 158 77 5.8 0.9 54 69 Total Resource 21.9 1.0 212 75 Measured - - - - 7.8 1.3 104 224 6.8 1.1 76 154 14.6 1.2 180 191 Measured Yinnetharra Li₂O Indicated Inferred Indicated Inferred Total Resource 0.5 0.5 Total Measured - - - - Total Indicated 23.9 1.1 262 125 Total Inferred 12.6 1.0 130 115 Total 36.5 1.1 392 121 Tonnages and grades have been rounded to reflect the relative uncertainty of the estimate. Inconsistencies in the totals are due to rounding. 7 ASX ANNOUNCEMENT 28 July 2025 Table 3: April 2025 Mt Ida Gold Mineral Resource Estimate Table Indicated Cut off Open cut Au 0.5 g/t 0.0 g/t Au Cut off Underground 1.5 g/t Au All Deposit Inferred Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (000s) g/t Au (000s) (000s) g/t Au (000s) (000s) g/t Au (000s) Baldock 2,600 4.5 365 1,570 3.6 200 4,120 4.2 563 Kestrel - - - 940 1.6 48 940 1.6 48 Golden Vale * - - - 496 1.7 27 496 1.7 27 Bombay 711 1.3 30 711 1.3 30 West Knell 238 3.3 25 238 3.3 25 Jupiter 50 1.7 3 50 1.7 3 Mt Ida Tailings * - - - 500 0.5 8 500 0.5 8 Baldock 242 4.8 37 2,610 4.0 338 2,850 4.0 368 Kestrel - - - 80 1.8 5 80 1.8 5 Golden Vale - - - - - - - - - Bombay 30 3 3 30 3 3 West Knell 192 2.4 15 192 2.4 15 Jupiter 90 2.7 8 90 2.7 8 4,220 3.9 532 7,000 4.1 930 1,000 1.7 53 1,000 1.7 53 496 1.7 27 496 1.7 27 Bombay 740 1.4 33 740 1.4 33 West Knell 420 2.9 40 420 2.9 40 Jupiter 140 2.3 11 140 2.3 11 Mt Ida Tailings * 500 0.5 8 500 0.5 8 7,500 3.0 699 10,310 3.33 1,102 Baldock 2,840 4.5 Kestrel - - Golden Vale * - - Total 2,840 4.5 402 - 402 Appendix 1 – Tenement Listing Project Location Tenement Status Mt Ida ^ Western Australia E29/0640 Granted Interest at start of Quarter 100% Mt Ida ^ Western Australia E29/0771 Granted 100% 100% Mt Ida ^ Western Australia E29/0944 Granted 100% 100% Mt Ida ^ Western Australia E29/0964 Granted 100% 100% Mt Ida ^ Western Australia E29/1238 Granted 100% 100% Mt Ida ^ Western Australia E29/1239 Granted 100% 100% Mt Ida ^ Western Australia E29/1240 Granted 100% 100% Mt Ida ^ Western Australia E29/1262 Application 100% 100% Mt Ida^ Western Australia E29/1288 Application 100% 100% Mt Ida^ Western Australia E29/1292 Application 100% 100% Mt Ida ^ Western Australia M29/0002 Granted 100% 100% Mt Ida ^ Western Australia M29/0094 Granted 100% 100% Mt Ida ^ Western Australia M29/0165 Granted 100% 100% Interest at end of Quarter 100% 8 ASX ANNOUNCEMENT 28 July 2025 Project Location Tenement Status Interest at start of Quarter Mt Ida ^ Western Australia M29/0422 Granted 100% 100% Mt Ida ^ Western Australia M29/0429 Granted 100% 100% Mt Ida ^ Western Australia M29/0444 Granted 100% 100% Mt Ida ^ Western Australia P29/2666 Granted 100% 100% Mt Ida ^ Western Australia P29/2667 Granted 100% 100% Mt Ida ^ Western Australia P29/2668 Granted 100% 100% Mt Ida ^ Western Australia P29/2669 Granted 100% 100% Mt Ida ^ Western Australia L29/166 Granted 100% 100% Mt Ida ^ Western Australia L29/171 Granted 100% 100% Mt Ida ^ Western Australia L29/186 Granted 100% 100% Mt Ida** Western Australia L29/174 Granted 100% 100% Mt Ida** Western Australia L29/175 Granted 100% 100% Mt Ida** Western Australia L29/176 Granted 100% 100% Mt Ida** Western Australia L29/177 Granted 100% 100% Mt Ida** Western Australia L30/094 Granted 100% 100% Yinnetharra Western Australia E09/2169 Granted 100% 100% Yinnetharra Western Australia E09/2170 Granted 100% 100% Yinnetharra Western Australia E09/2283 Granted 100% 100% Yinnetharra Western Australia E09/2545 Granted 100% 100% Yinnetharra Western Australia E09/2621 Granted 100% 100% Yinnetharra Western Australia E09/2705 Granted 100% 100% Yinnetharra Western Australia E09/2716 Application 100% 100% Yinnetharra Western Australia E09/2772 Application 100% 100% Yinnetharra Western Australia E09/2806* Application 100% 100% Yinnetharra Western Australia E09/2808* Application 100% 100% Yinnetharra Western Australia E09/2814 Application 100% 100% Western Australia E09/18241 Granted 100% 100% Western Australia E09/18251 Granted 100% 100% Western Australia E09/20981 Granted 100% 100% Western Australia E09/21021 Granted 100% 100% Western Australia E09/23041 Granted 100% 100% Western Australia E09/23051 Granted 100% 100% Western Australia E09/23121 Granted 100% 100% Western Australia E09/27131 Granted 100% 100% Western Australia E09/23542 Granted 0% 0% Western Australia E09/23882 Granted 0% 0% Western Australia E09/23752 Granted 0% 0% Western Australia M09/1012 Granted 0% 0% Western Australia E09/28052* Application 0% 0% Western Australia E09/28072* Application 0% 0% Western Australia E09/25033 Granted 0% 0% Lyons River Lyons River Lyons River Lyons River Lyons River Lyons River Lyons River Lyons River Camel Hill2 Camel Hill2 Morrissey Hill2 Morrissey Hill2 Morrissey Hill2 Morrissey Hill2 Ti-Tree Project3 Interest at end of Quarter 9 ASX ANNOUNCEMENT 28 July 2025 Project Location Tenement Status Interest at start of Quarter Ti-Tree Project3 Western Australia E09/25223 Application 0% 0% Western Australia E09/29353 Application 0% 0% Western Australia E09/21144 Granted 0% 100% Western Australia E09/21564 Granted 0% 100% Western Australia E09/23024 Granted 0% 100% Western Australia E09/23584 Granted 0% 100% Western Australia E09/24634 Granted 0% 100% Western Australia E09/24644 Granted 0% 100% Western Australia E09/24724 Granted 0% 100% Western Australia E09/26074 Granted 0% 100% Western Australia E09/26284 Granted 0% 100% Western Australia E09/26294 Granted 0% 100% Western Australia E09/26304 Granted 0% 100% Western Australia E09/26414 Granted 0% 100% Western Australia E09/28294 Granted 0% 100% Western Australia E09/29674 Granted 0% 100% Western Australia E09/29684 Granted 0% 100% Western Australia E09/27894* Application 0% 100% Western Australia E09/27964* Application 0% 100% Western Australia E09/21475 Granted 0% 100% Ti-Tree Project3 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Aston Project 4 Mortimer Hills5 Interest at end of Quarter ^ Ballard Mining Limited executed a Mineral Rights Deed with Delta Lithium Limited. Ballard Mining Ltd (via Mt Ida Au Pty Ltd) has exclusive rights to gold; Delta retains rights to all other minerals. Subsequent to the end of the quarter Ballard Mining ceases to be a subsidiary of Delta Lithium. *Application remains in ballot **Miscellaneous Licences are for the purpose for groundwater search only 1 100% LCT (lithium-caesium-tantalum) Mineral Rights only within Dalaroo Metals Ltd Lyons River Project 2 Earn-In & JV Agreement with Reach Resources Limited for Camel Hill & Morrissey Hill Projects 3 Earn-In & JV Agreement with Voltaic Strategic Resources Limited for Ti-Tree Lithium Project 4 Acquisition of Aston Project from Minerals 260 (ASX announcement 21st May 2025) 5 Acquisition of Mortimer Hills Project from Zeus Resources Ltd (ASX announcement 28th April 2025) 10 Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Delta Lithium Limited ABN Quarter ended (“current quarter”) 67 107 244 039 Consolidated statement of cash flows 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for 30 June 2025 Current quarter $A’000 Year to date (12 months) $A’000 - - (11) (185) (b) development - - (c) production - - (d) staff costs (652) (2,314) (1,843) (3,229) - - (a) exploration & evaluation (if expensed) (e) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 721 3,475 1.5 Interest and other costs of finance paid (11) (50) 1.6 Income taxes paid - - 1.7 Government grants and tax incentives 109 (1,518) 1.8 Other (provide details if material) - - 1.9 Net cash from / (used in) operating activities (1,687) (786) 2. Cash flows from investing activities 2.1 Payments to acquire or for: - - (b) tenements (600) (600) (c) property, plant and equipment (46) (255) (4,487) (29,934) (e) investments - - (f) - - (a) entities (d) exploration & evaluation (if capitalised) 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 11 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 - 1,500 (b) tenements - - (c) property, plant and equipment - - 1,209 11 (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 (3,924) (28,070) 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 - 784 3.4 Transaction costs related to issues of equity securities or convertible debt securities - (6) 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Principle payments of lease liability (36) (136) 3.10 Net cash from / (used in) financing activities (36) 641 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 64,119 86,686 4.2 Net cash from / (used in) operating activities (item 1.9 above) (1,687) (785) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (3,924) (28,070) 4.4 Net cash from / (used in) financing activities (item 3.10 above) (36) 641 (d) investments ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 12 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 Current quarter $A’000 Year to date (12 months) $A’000 - - 58,472 58,472 Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 13,452 9,119 5.2 Call deposits 45,020 55,000 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) 58,472 64,119 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 1 199 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