Announcement PDF SULTAN RESOURCES LTD ASX CODE: SLZ ACN: 623 652 522 BOARD OF DIRECTORS Lincoln Liu - Chairman Nic Matich - Non-Executive Director Mark Mitchell - Non-Executive Director CONTACT x.com/sultanresources info@sultanresources.com.au 1/38 Colin Street, West Perth WA 6005 ASX ANNOUNCEMENT 30 October 2026 SEPTEMBER QUARTERLY REPORT For the period 1st July 2026– 30th September 2026 Sultan Resources Limited (“SLZ”, “Sultan” or “the Company”) is pleased to provide shareholders with the following update for the Company’s activities for the quarter ended 30th September 2026. NAMIBIA PROJECT KAALKOP COPPER-GOLD PROJECT, NAMIBIA (EPL11820 – APPLICATION) On 18 September 2026 the accompany announced it had lodged an exploration licence application over the Kaalkop Project (EPL11820). The application covers 171.2km² within the gold province of Namibia's Central Damara Orogen, approximately 5km south of Kalkfeld and 270km from Windhoek. The Kaalkop Project provides Sultan with a substantial strategic landholding within an established gold province that is also attracting increasing exploration attention for copper and other metals (Figure 1). Figure 1: Mapped geology and major lineaments, Gold Deposits and Sultan’s EPL11820 (Blue). ASX ANNOUNCEMENT Page 2 The Company secured the project by application, without issuing consideration shares or other equity securities. This preserves the existing capital structure and avoids acquisition-related dilution for shareholders. The Project presents Sultan with compelling dual copper and gold exploration potential. Historical exploration within the licence area targeted Cu-Pb-Zn mineralisation associated with carbonate rocks. EPL11820 also contains prospective granite-carbonate contacts, deformed metasedimentary sequences and major regional structures, including the Abbabis Lineament, that have had limited modern exploration. Recent copper exploration success within Namibia's Damara Belt includes Kaoko Metals Limited (ASX: KAO) reported high-grade copper from reconnaissance sampling at its Karibib Copper-Gold-Tungsten Project, including rock-chip results of up to 4.9% Cu (KAO ASX Announcement 16 July 2026). Kaoko describes Karibib as a Damara Belt project hosted within metasediments of the Karibib Gold Belt, with copper-gold-tungsten mineralisation associated with intrusive and metasedimentary systems. Kaalkop sits within an established multi-million-ounce gold district, east of WIA Gold Limited's (ASX: WIA) Kokoseb Gold Project. EPL11820 lies east of WIA Gold Limited's (ASX: WIA, Market Cap $760m) ground hosting the Kokoseb Gold Project, where WIA recently reported an updated Mineral Resource of 113Mt @ 1.0g/t Au for 3.78Moz Au (WIA ASX Announcement 10 August 2026). Kokoseb has grown rapidly from its maiden 1.3Moz resource in 2023, demonstrating the significant gold endowment and continuing exploration potential of the broader district. The Central Damara region also hosts the Eureka Gold discovery Osino Gold (TSXV: OSI 9 August 2023), now owned by Shanjin International Gold (SHE: 000975, Market Cap $15b). Next Steps Subject to grant of EPL11820, Sultan intends to apply part of the placement proceeds to initial exploration at Kaalkop. Sultan intends to compile and review historical data, undertake reconnaissance mapping and rock-chip sampling of the priority granite-carbonate contact zones, and plan follow-up soil geochemistry. Refer to ASX announcement dated 18 September 2026, "Sultan to Secure Large-Scale Copper-Gold Project in Namibia". NSW PROJECTS LACHLAN FOLD BELT PROJECT, NSW (EL8734, EL8735, EL9070) During the quarter, the Company continued its review of existing and new datasets covering its Lachlan Fold Belt (LFB) tenements. This included an external review of magnetic, radiometric and Induced Polarisation (IP) survey data. Results from the review are expected during the next quarter. The aim of the review is to identify the sources of the gold and copper geochemical rock and soil anomalies and recommend a strategy going forward. Sultan’s three LFB tenements (EL8735, EL9070 and EL8734) cover 165 km2 , including parts of the northern portion of the Late Ordovician to Early Silurian Molong and Rockley-Gulgong Volcanic Belts of the Macquarie Arc, which is broadly recognised as Australia’s premier porphyry Au-Cu province and host to Alkane Resources’ ASX ANNOUNCEMENT Page 3 recent major Boda-Kaiser discovery (323Mt @ 0.26g/t Au and 0.15% Cu ASX: ALK 10 July 2024) and Newmont’s world-class Cadia East Au-Cu mine further to the south. The Company has previously identified the Ringaroo, Gowan Green and Razorback-Wattle Ridge Au-Cu targets in EL8735 for further exploration (Figure 1). Figure 2: SLZ’s LFB tenements and priority target areas relative to the mapped exposures of the Macquarie Arc, gold and copper mineral occurrences from the Geological Survey of NSW database and the Boda-Kaiser porphyry Au-Cu deposit. Ringaroo Au-Cu The Ringaroo porphyry Au-Cu target lies within the Molong Volcanic Belt at the northern end of EL8735, immediately south of Impact Minerals’ Apsley porphyry prospect. Key features of Ringaroo are summarised in Figure 2 and include: • A 1km x 0.4km >3.1ppb Au-in-soil anomaly, which is spatially associated with the Ringaroo magnetic high, interpreted to represent a magnetite-bearing (oxidised) volcanic and intrusive complex. ASX ANNOUNCEMENT Page 4 • The anomaly is open to the NW, SE and NE, towards Impact Minerals (ASX:IPT) Apsley porphyry Au-Cu prospect. Impact reports high-grade copper rock chip results of up to 7.73% Cu immediately adjacent to Sultan’s northern tenement boundary (ASX: IPT 14 January 2020 and 23 April 2020). • The Au in soil anomaly was previously subjected to a number of IP survey lines (ASX: SLZ 10 November 2020). • A smaller >3.1ppb Au-in-soil anomaly lies on the NE end of another magnetic high and is open along strike to the SW. Subject to positive outcomes from the geophysical review, Sultan’s proposed work program at Ringaroo may include extending soil-sampling coverage to close off the existing anomalies and completing additional IP survey lines over priority areas identified by the soil and geophysical data. This work would aim to identify potential porphyry targets for drill testing. Figure 3: Total magnetic intensity (TMI) image over Ringaroo showing soil sample coverage and gold results, IP lines (black) and the IP chargeability anomaly, and Impact Minerals rock chip results from the Apsley porphyry prospect (ASX: IPT 14/01/2020 & 23/04/2020) immediately north of EL8735 (ASX: SLZ 9 July 2020). ASX ANNOUNCEMENT Page 5 Gowan Green and Razorback-Wattle Ridge Au-Cu The Gowan Green and Razorback-Wattle Ridge porphyry Au-Cu targets (Figure 3) are hosted within the Molong Volcanic Belt and are located in the southwest corner of EL8735. The two targets lie at either end of a 6km (N- S) by 1km (E-W) soil survey undertaken in 2020 over the Big Hill porphyry prospect (ASX: SLZ 2 June 2020), overlying a NE-trending magnetic ridge, considered to represent a portion of the Molong Volcanic Belt. Figure 4: Total magnetic intensity (TMI) image over the Big Hill area, showing (left) gold-in-soil results, with anomalous >3.1ppb Au values contoured; and (right) rock chip copper values relative to the anomalous soils, the location of the historical workings at Gowan Green, and the locations of the Gowan Green and Razorback-Wattle Ridge targets. The central portion of the soil anomaly corresponds to the Big Hill target. Note that due to the narrow focus of the soil survey, most of the anomalous zones remain at least partially open to the east. The magnetic high corresponding to the Molong Volcanic Belt is clearly visible (ASX: SLZ 30 September 2020). Key features of the Gowan Green Au-Cu porphyry target are summarised in Figure 4 and include: • Multiple gold-in-soil anomalies, with associated Cu and pathfinder elements (ASX: SLZ 2 June 2020), associated with a magnetic high, correlating with mapped volcanic and intrusive rocks of the Molong Volcanic Belt. The anomalies are mostly open to the NE, due to limited soil sample coverage. • The soil anomalies were covered by IP survey lines which are under review. • Samples of oxidized mullock collected from historic Cu-Au workings (Table 1 and Figure 5) contain up to 24.6 g/t Au, 26.1% Cu and 65.5g/t Ag, supporting the presence of a base and precious metal rich mineralising system. • Lithogeochemical studies of multi-element whole rock data confirm that the Gowan Green rocks are calc-alkaline basalts, with a volcanic arc tectonic signature consistent with being part of the Molong Volcanic Belt of the Macquarie Arc, recognised as Australia’s premier porphyry Au-Cu province. ASX ANNOUNCEMENT Page 6 • Outcropping silica-limonite skarns and chlorite-altered mafic volcanics have been mapped in the area and may indicate the presence of a larger scale hydrothermal system. Figure 5: Total magnetic intensity (TMI) image over Gowan Green, showing Au-in-soil results and an earlier IP chargeability features that are currently under review. Copper and gold values for mullock samples collected from the historical copper workings are also shown. Further analytical results for these samples are provided in Table 1 (Refer ASX: SLZ 20 May 2020). A’ A ASX ANNOUNCEMENT Page 7 Table 1: Assay results for mullock samples collected from Gowan Green (ASX: SLZ 20 May 2020). Figure 6: Mullock sample of malachite veined gossan with limonitic boxwork after sulfide (Sample SPR020) (ASX: SLZ 20 May 2020). Subject to a positive outcome from the geophysical review, Sultan may progress the Gowan Green target in a similar manner to Ringaroo. This may include expanding the soil-geochemical survey to the north and east to close off existing anomalies and integrating those results with the geophysical interpretation to identify potential porphyry-style drill targets. Key features supporting the Au-Cu prospectivity of the Razorback-Wattle Ridge target are shown in Figure 6, summarised in Table 2 and include: • Surface mapping of propylitic alteration, pyrite and chalcopyrite mineralisation, a ~1km long skarn breccia, diorite and monzodiorite mapped at surface, providing confidence that all the required components of a porphyry Au-Cu system are present. • Anomalous Au, Cu and pathfinder elements in soil sampling, although the sampling once again failed to cover the full width of the target and is open to the east, and multiple Au- and Cu-mineralised outcrop and float samples, collected across the length of the target. SampleID MGA_East MGA_North Au g/t Ag g/t As ppm Bi ppm Cu % In ppm Mo ppm Na % Ni ppm Pb ppm S % Se ppm Te ppm SPR020 684568 6369967 24.6 65.5 938 91.4 26.10 4.88 4.19 0.03 3630 584 0.07 116 171.5 SPR021 684569 6369967 2.69 20.0 203 17.35 7.55 0.619 1.06 1.92 3740 177 0.03 14 16.7 SPR022 684568 6369968 0.513 7.7 174 2.23 4.49 0.177 0.56 1.66 2320 28 0.01 2 4.08 SPR023 684568 6369969 0.353 11.7 93 1.85 5.96 0.141 0.7 2.96 2730 69 0.14 2 3.05 SPR024 684567 6369967 0.939 21.6 95 3.46 5.71 0.252 0.57 3.41 2670 82 0.06 6 6.01 SPR025 684567 6369966 0.038 7.9 105 1.51 10.10 0.06 0.7 2.04 5130 32 0.12 1 0.65 SPR026 684569 6369968 1.16 24.8 654 2.77 12.55 0.447 0.61 1.7 4650 125 0.04 5 8.03 ASX ANNOUNCEMENT Page 8 • The IP survey lines are being reinterpreted and may lead to drill targets. Previous drilling focused on the skarn breccia, which shows evidence of copper and gold mineralisation. • Although the results of previous drilling into the skarn were disappointing, the holes reported sericite alteration, elevated Au-Cu-Ag-Mo-W values, zones of quartz carbonate veining, and hydrothermal breccias with infill disseminated pyrite and minor chalcopyrite and bornite blebs (ASX: SLZ 15 March 2022). These results may indicate proximity to an epithermal vein system. Figure 7: Total magnetic intensity (TMI) image over Razorback-Wattle Ridge showing the mapped surface lithology, magnetic target and previous drilling, which focused on the mapped surface skarn breccia. The dashed yellow line shows an interpreted possible porphyry target based on the magnetics and previous drilling results, with the skarn breccia located along its eastern margin. (Refer to ASX: SLZ 3 February 2022 and ASX: SLZ 15 March 2022). ASX ANNOUNCEMENT Page 9 Table 2: Assay results for outcrop and float rock chip samples from the Razorback-Wattle Ridge prospect. (Refer to ASX: SLZ 30 September 2020 and 20 May 2020). Figure 8: Samples of mineralised chalcopyrite- and malachite-bearing skarn breccia from Razorback-Wattle Ridge. Both samples were collected close to the collar location of RZD001. The sample locations are provided in Table 2. A previous review recommended expanding the soil grid at Razorback-Wattle Ridge to fully cover the geophysical anomaly. Tucklan Project The Tucklan Project is located within the Rockley-Gulgong Volcanic Belt of the Macquarie Arc and along the Mudgee Fault corridor, an area that has received limited historical exploration. Previous exploration identified an open-ended silver anomaly associated with an IP chargeability anomaly and coincident surface gold-in-soil and gold-bearing rock-chip results. Drilling intersected a broad zone of silver mineralisation, including 88 m at 4.1 g/t Ag from 200 m in TRC001. Four additional targets have been identified within the licence area. All five target areas are currently under review. SampleID Sample_Type MGA_East MGA_North Au g/t Ag g/t As Bi ppm Cu % In ppm Mo ppm Na % Ni ppm Pb ppm S % Se ppm Te ppm SPR003 Outcrop 684291 6366977 0.004 0.00 4 0.04 0.006 0.043 0.86 2.86 15 5 0.005 0.5 0.025 SPR004 Float 684312 6366942 0.007 2.90 45 0.15 1.300 0.073 1.13 0.95 3 34 0.01 0.5 0.025 SPR005 Float 684313 6366943 0.001 3.80 67 0.15 2.400 0.061 0.99 0.09 3 43 0.005 0.5 0.025 SPR006 Float 684296 6366983 0.002 0.50 13 0.05 0.170 0.046 0.71 5.35 16 8 0.01 0.5 0.025 SPR014 Float 684288 6366977 0.003 7.00 168 0.03 2.210 0.044 1.51 0.22 10 23 0.01 0.5 0.025 SPR015 Float 684289 6366978 0.002 9.20 207 0.03 2.500 0.042 1.65 0.12 8 21 0.02 0.5 0.025 SPR037 Outcrop 685005 6366247 1.120 0.17 115.5 0.22 0.130 3.59 2.1 0.07 SPR038 Outcrop 685006 6366247 1.690 0.16 67.5 0.35 0.100 9.43 2 0.04 SPR039 Outcrop 685008 6366248 1.140 0.24 50.4 0.27 0.140 8.95 1.8 0.15 SPR040 Outcrop 685009 6366249 2.250 0.28 77.2 0.25 0.070 4.83 1.9 0.15 SPR051 Outcrop 684922 6365610 0.582 0.10 253 0.18 0.090 2.09 2 0.85 SPR058 Outcrop 684976 6365850 0.586 0.24 100.5 0.24 0.506 2.6 3.3 0.3 SPR059 Outcrop 684976 6365852 0.382 0.27 81.2 0.34 0.548 3.69 3.3 0.29 SPR062 Outcrop 684971 6365887 0.418 0.14 29.2 0.11 0.500 0.89 1.4 0.25 SPR066 Outcrop 685015 6366085 0.040 0.28 139.9 0.1 0.779 1.02 1.7 0.69 SPR067 Outcrop 685008 6366096 0.480 0.11 159 0.15 0.195 0.49 2.3 1.32 SPR068 Outcrop 685005 6366101 0.980 1.25 93 0.25 2.650 10.12 2.9 1.81 SPR070 Outcrop 685008 6366096 0.565 0.10 130.5 0.12 0.242 0.53 1.9 1.27 SPR078 Outcrop 685008 6366096 0.558 1.00 43.6 0.24 2.240 1.16 2.7 1.18 SPR079 Outcrop 685005 6366101 0.620 1.13 41.8 0.22 2.420 1.1 2.5 1.38 SPR080 Outcrop 685005 6366101 0.640 0.83 95.7 0.25 2.000 1.12 2.8 1.17 SPR081 Outcrop 685005 6366101 0.990 0.86 105 0.29 2.090 1.47 2.7 0.98 ASX ANNOUNCEMENT Page 10 Figure 9: The five target areas at Tucklan currently under review. NEW OPPORTUNITIES The Company continues to evaluate new opportunities in Australia and overseas. The Board remains focused on opportunities in critical minerals that have the potential to create value for shareholders. There is no assurance that any opportunity currently under review will result in a transaction. CORPORATE On 23 September 2026, the Company announced it had received firm commitments from new and existing institutional, professional and sophisticated investors for a placement of 146,222,222 shares at $0.009 to raise $1.31M before costs (Placement). On 2 October 2026, the Company issued 146,290,438 Placement Shares to Placement participants. Placement participants were entitled to one (1) free attaching listed option (SLZO, $0.03, exp. 12 March 2027) for every two (2) Placement shares subscribed for plus one (1) free attaching option ($0.03, exp. 12 July 2030) for every two (2) Placement shares subscribed for. The issue of the attaching options is subject to shareholder approval at the Company’s Annual General Meeting to be held on 25 November 2026. Subsequent to quarter end, the Company announced a non-renounceable pro-rata bonus option offer, under which eligible shareholders are entitled to one option for every eight shares held as at the record date of 14 October 2026, at an issue price of $0.001 per option. The options are exercisable at $0.03 each on or before 12 July 2030, with up to 91,431,560 options to be issued. The Company intends to seek ASX quotation of the options. ASX ANNOUNCEMENT Page 11 The closing date of the offer was extended from 28 October 2026 to 4 November 2026, with the options expected to be issued on 11 November 2026. Refer to the prospectus dated 8 October 2026 for further details regarding the entitlement offer. On 17 September 2026 the Company announced: • the appointment of Mr Maurice (Nic) Matich GAICD as Non-Executive Director, effective immediately. Mr Matich is an experienced resources executive, engineer and finance professional, and a Non-Executive Director of Adavale Resources Limited (ASX: ADD) and Temas Resources Corp(ASX:TIO).; • the resignation of Mr Jeremy King as a Director, effective immediately; • the appointment of Mr Daniel Coletta as Company Secretary and the person responsible for communications with ASX under Listing Rule 12.6; and • the resignation of Mr Mauro Piccini as Company Secretary. ADDITIONAL ASX INFORMATION ASX Listing Rule 5.3.1 Exploration and Evaluation during the quarter was ~$27,000. ASX Listing Rule 5.3.2 There were no substantive mining production and development activities during the quarter. ASX Listing Rule 5.3.5 ASX Listing Rule 5.3.3 - Schedule of tenements New South Wales Tenement Holder Status Area Application Date Grant Date Expiry Date Required Expenditure Lachlan Fold Belt Project EL 8734 Colossus Metals Live 16 Units NA 16 April 2018 16 April 2030 $250,0001 EL 8735 Colossus Metals Live 37 Units NA 16 April 2018 16 April 2030 $300,0001 EL 9070 Sultan Resources Live 4 Units NA 2 March 2021 2 March 2027 $14,0002 1 Total commitment 16/4/2025-15/4/2030 (5-year period guide only) 2 Annual commitment Payments to Related Parties & their Associates Total Amount Director Fees and Superannuation $60,155 Company Secretarial and Financial Management Services $38,850 Geological Consulting Services $5,720 Office Rent $22,500 ASX ANNOUNCEMENT Page 12 Namibia Tenement Holder Status Area Application Date Grant Date Expiry Date Required Expenditu re Kaalkop Project EPL11820 SLZ Mineral Resources (Pty) Ltd Application 171.2km² 12 August 2026 NA NA NA The mining tenements relinquished during the quarter and their location: Nil The mining tenement interests acquired during the quarter and their location: During the quarter the Company had lodged an exploration licence application over the Kaalkop Project (EPL11820). The application covers 171.2km² within the gold province of Namibia's Central Damara Orogen, approximately. 5km south of Kalkfeld and 270km from Windhoek. Beneficial percentage interests held in farm-in/farm-out agreements at the end of the quarter: Nil Beneficial percentage interests held in farm-in/farm-out agreements acquired/disposed of during the quarter: Nil This announcement is authorised for release by the Board. For further information contact: Non-Executive Chairman Lincoln Liu lincoln.liu@sultanresources.com.au Competent Persons Statement The information in this report that relates to Exploration Targets and Exploration Results is based on historical exploration information compiled by Mr Mark Mitchell, who is a Competent Person and a Member of the Australian Institute of Geoscientists. Mr Mitchell is a Non-executive Director of Sultan Resources Limited. Mr Mitchell has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for the reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Mitchell consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Disclaimer In relying on the above mentioned ASX announcements and pursuant to ASX Listing Rule 5.23.2, the Company confirms that it is not aware of any new information or data that materially affects the information included in the above- mentioned announcements. About Sultan Resources Sultan Resources is a multijurisdictional focused gold and critical minerals exploration company currently building a portfolio of quality assets in emerging discovery terranes. The critical minerals sought include Cu, Ag and W which are currently in high demand from renewable energy support and defence applications. The Company is focused on its highly prospective Lachlan Fold Belt Projects with strong indications of Cu and Au mineralisation and newly acquired Damara Orogenic copper and gold project. Sultan’s new board and management are pursuing a systematic exploration strategy across its priority prospects, aiming to unlock gold and base metal discoveries using modern techniques to drive value for shareholders. Rule 5.5 ASX Listing Rules Appendix 5B (17/07/20) Page 1 + See chapter 19 of the ASX Listing Rules for defined terms. Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Sultan Resources Limited ABN Quarter ended (“current quarter”) 35 623 652 522 30 September 2026 Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 1. Cash flows from operating activities 1.1 Receipts from customers - - 1.2 Payments for (1) (1) (a) exploration & evaluation (b) development - - (c) production - - (d) staff costs (72) (72) (e) administration and corporate costs (154) (154) 1.3 Dividends received (see note 3) - - 1.4 Interest received 3 3 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other - - 1.9 Net cash from / (used in) operating activities (224) (224) 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) tenements - - (c) property, plant and equipment - - (d) exploration & evaluation (26) (26) (e) investments (f) other non-current assets Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 2 + See chapter 19 of the ASX Listing Rules for defined terms. Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 2.2 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 - - 2.6 Net cash from / (used in) investing activities (26) (26) 3. Cash flows from financing activities 864 864 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 - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (provide details if material) - - 3.10 Net cash from / (used in) financing activities 864 864 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 1,038 1,038 4.2 Net cash from / (used in) operating activities (item 1.9 above) (224) (224) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (26) (26) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 864 864 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 3 + See chapter 19 of the ASX Listing Rules for defined terms. Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 4.5 Effect of movement in exchange rates on cash held - - 4.6 Cash and cash equivalents at end of period 1,652 1,652 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 Previous quarter $A’000 5.1 Bank balances 1,652 1,038 5.2 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) 1,652 1,038 6. Payments to related parties of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 (128) 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - 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. Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 4 + See chapter 19 of the ASX Listing Rules for defined terms. 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 - - 7.2 Credit standby arrangements - - 7.3 Other (please specify) - - 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 8. Estimated cash available for future operating activities $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) (224) 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (26) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (250) 8.4 Cash and cash equivalents at quarter end (item 4.6) 1,652 8.5 Unused finance facilities available at quarter end (item 7.5) 0 8.6 Total available funding (item 8.4 + item 8.5) 1,652 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 6.61 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: N/a 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: N/a 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: N/a 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. Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 5 + See chapter 19 of the ASX Listing Rules for defined terms. 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 October 2026 Authorised by: The Board of Sultan Resources Limited (Name of body or officer authorising release – see note 4) Notes 1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so. 2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report. 3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity. 4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee – eg Audit and Risk Committee]”. If it ha