Announcement PDF ASX ANNOUNCEMENT 31 JULY 2025 JUNE QUARTERLY REPORT For the quarter period ending 30 June 2025 Sultan Resources Limited (“SLZ” or “the Company”) is pleased to provide shareholders with the following update for the Company’s activities for the quarter ended 30th June 2025. The main objective for the new management team at Sultan is to review the existing resource potential of the existing portfolio and seeking to capitalise on new potential acquisitions which may deliver strong shareholder value. NSW PROJECTS LACHLAN FOLD BELT PROJECT, NSW (EL8734, EL8735, EL9070) During the quarter, a review of existing datasets over its Lachlan Fold Belt (LFB) tenements was conducted and identified a number of Gold and Copper geochemical soil anomalies and anomalous rock chip samples, with associated geophysical evidence suggesting significant potential for porphyry Au-Cu mineralisation. 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’ 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 identified the Ringaroo, Gowans Green and Razorback-Wattle Ridge Au-Cu targets in EL8735 for further exploration (Figure 1). 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’ Aspley 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. • 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). SULTAN RESOURCES LTD ASX CODE: SLZ ACN: 623 652 522 BOARD OF DIRECTORS Lincoln Liu - Chairman Jeremy King - Non-Executive Director Mark Mitchell - Non-Executive Director CONTACT x.com/sultanresources info@sultanresources.com.au 1/1 Centro Avenue Subiaco, WA 6008 ASX ANNOUNCEMENT • The Au in soil anomaly also overlies a 900m x 300m IP chargeability anomaly (>9 mV/V and up to 30 mV/V) overlying a 1000 m wide resistivity anomaly (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. Figure 1: 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. Sultan’s proposed work program for Ringaroo will focus on extending the soil sampling coverage to close off the soil anomalies, and additional IP lines over areas highlighted by the soil data to test for additional conductors and generate potential porphyry targets for drill testing. Page 2 ASX ANNOUNCEMENT Figure 2: 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). Gowan Green and Razorback-Wattle Ridge Au-Cu The Gowan Green and Razorback-Wattle Ridge porphyry Au-Cu targets 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. Page 3 ASX ANNOUNCEMENT Figure 3: 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 are proximal to and appear to border multiple discrete IP chargeability anomalies. 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. Outcropping silica-limonite skarns and chlorite-altered mafic volcanics have been mapped in the area, supporting the presence of a large-scale hydrothermal system. Page 4 ASX ANNOUNCEMENT A’ A Figure 4: Total magnetic intensity (TMI) image over Gowan Green, showing Au-in-soil results and IP chargeability anomalies. 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). SampleID MGA_East MGA_North SPR020 684568 6369967 SPR021 684569 6369967 SPR022 684568 6369968 SPR023 684568 6369969 SPR024 684567 6369967 SPR025 684567 6369966 SPR026 684569 6369968 Au g/t 24.6 2.69 0.513 0.353 0.939 0.038 1.16 Ag g/t As ppm Bi ppm 65.5 938 91.4 20.0 203 17.35 7.7 174 2.23 11.7 93 1.85 21.6 95 3.46 7.9 105 1.51 24.8 654 2.77 Cu % In ppm Mo ppm Na % Ni ppm Pb ppm 26.10 4.88 4.19 0.03 3630 584 7.55 0.619 1.06 1.92 3740 177 4.49 0.177 0.56 1.66 2320 28 5.96 0.141 0.7 2.96 2730 69 5.71 0.252 0.57 3.41 2670 82 10.10 0.06 0.7 2.04 5130 32 12.55 0.447 0.61 1.7 4650 125 S % Se ppm Te ppm 0.07 116 171.5 0.03 14 16.7 0.01 2 4.08 0.14 2 3.05 0.06 6 6.01 0.12 1 0.65 0.04 5 8.03 Table 1: Assay results for mullock samples collected from Gowan Green (ASX: SLZ 20 May 2020). Page 5 ASX ANNOUNCEMENT Figure 5: Mullock sample of malachite veined gossan with limonitic boxwork after sulfide (Sample SPR020) (ASX: SLZ 20 May 2020). Sultan will approach the Gowan Green target in a similar manner to Ringaroo. The Company will investigate expanding the soil geochemical survey to the north and east to close off open anomalies and look to integrate this data with reinterpreted IP and magnetics to define potential porphyry Au-Cu drill targets. Key features of the Razorback-Wattle Ridge Au-Cu porphyry target are summarised in Figure 6 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 (Table 2). A large underlying IP chargeability anomaly which has not been drill tested. Previous drilling focused on the skarn breccia, which shows evidence of copper and gold mineralisation (Figure 7). 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 are consistent with proximity to porphyry-style mineralisation. Page 6 ASX ANNOUNCEMENT • Drill results also suggest that alteration intensity and Cu and Au grades increase with depth, towards an interpreted source that is broadly coincident with the untested IP anomaly, shown as a porphyry target on Figure 6. Figure 6: Total magnetic intensity (TMI) image over Razorback-Wattle Ridge, showing mapped surface lithology and alteration, IP chargeability wireframe (10 mV/V), 3.1ppb Au in soils (again open to the east) and previous drilling, which focused on the mapped surface skarn breccia. The dashed yellow line shows an interpreted porphyry target based on the IP, 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). 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 Page 7 ASX ANNOUNCEMENT 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 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 7: 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. The review also recommended to expand the soil grid at Razorback-Wattle Ridge to fully cover the IP anomaly there. In addition, surface mapping and rock chip sampling should be undertaken in order to better understand the distribution of intrusive rocks, alteration and mineralisation to select the best possible locations for drill testing of the porphyry Au-Cu target. Tucklan Project Located in the Rockley-Gulgong Volcanic Belts of the Macquarie Arc and the Mudgee Fault corridor that has undergone limited exploration. Past exploration included the identification of the Tucklan open ended silver anomaly where the drilling a chargeability IP anomaly with coincident surface gold-in-soil and gold bearing rock chip hit a broad zone of silver mineralisation, TRC001 88m@4.1g/t Ag from 200m. Four other targets have been identified in the licence for investigation, Figure 8. These five areas are currently under review. Page 8 ASX ANNOUNCEMENT Figure 8: The five targets areas at Tucklan currently under review. Next Steps Proceeds from the current capital raising are intended to support early-stage exploration across Sultan’s targets in the Lachlan Fold Belt. This includes fieldwork, geophysics, and preparatory activities aimed at refining drill targets. Subject to funding and operational conditions, the Company may commence groundwork during the current quarter and the Company is looking forward to advising the market of the results of this work as we progress towards drilling and potential discovery. WA Projects KONDININ-LAKE GRACE PROJECT The Kondinin-Lake Grace Project consists of five large tenements (E70/5081, 5082, 5085, 5095 and 5179refer Figure 9) in the Southwest Terrane of Western Australia, containing the Khal (previously Kulin Hill) NiCo Project in the North, the Calesi Prospect centrally, and the Lake Grace Gold Project in the South, surrounding the Griffin’s Find Gold Mine. These projects are currently under review from a prospectivity view as well as rental and commitment cost point of view. WA Wheatbelt Tenure Kulin & Lake Grace Gold Projects (EL70/5081, EL70/5082, EL70/5085, EL70/5179, EL70/6529-31) Page 9 ASX ANNOUNCEMENT The Company continues to compile a significant exploration effort from the previous tenement holders in the Kulin and Lake Grace area, along with a review of the Company’s own work, highlighted in previous ASX releases, see: SLZ:ASX “Drill Results Update at Lake Grace Project” 15/4/2020. Previous work highlighted a prospective horizon associated with the Lake Grace Gold Project of at least 30km of strike requiring additional investigation and potentially drilling (refer Figure 9). The tenure has recently undergone a compulsory 40% reduction, however the prospective strike remains intact. The Company is currently reviewing the residual potential of the licence package and the results of which will dictate what follow-up programmes are required if any. Figure 9: Overview Plan of Sultan’s Kondinin-Lake Grace tenements in the Southwest Terrane of WA, with respective Projects and named Prospects highlighted. Page 10 ASX ANNOUNCEMENT Khal Nickel-Cobalt Project (EL70/5095) The Khal (previously Kulin Hill) Nickel-Cobalt target is defined by a 2km long/700m wide ultramafic/mafic package, characterised by a strong magnetic signal coincident with a salt lake surface. The potential for NiCo sulfide mineralisation was suggested by historical drilling conducted on the edge of the sequence in 1967 and 1973, where drill core samples were observed in polished sections containing “…less than 1% of a nickel-cobalt-sulfide mineral (approximately 50% Ni, 5% Co)”, which suggests that the sequence is fertile and is a priority target for magmatic Ni-Co sulfides. Observations from the historical drilling also supported some fractionation of the ultramafic at depth; that is, towards the untested central portion of the sequence. With currently depressed Nickel sentiment the Company has delayed progressing drill testing of the primary target. This licence is also under review and its future will depend upon its residual potential to deliver a resource. Figure 10: Khal Nickel-Cobalt Project- Plan view of 1VD magnetic signature representing the >2km long, 700m wide ultramafic sequence overlain by aerial photography highlighting the salt lake, with Reserve 18455 (Lot 225568) highlighted in red. Sultan’s 2022 aircore collars are marked in orange, and previous diamond drilling traces in yellow, with recent SLGDD001 named. Orange circles and traces indicate possible drilling collar positions to test the layered intrusion from the salt lake surface. An all weather collar position from the SW is also being considered. Page 11 ASX ANNOUNCEMENT Compulsory sixth-year reductions on E70/5081, E70/5082, E70/5085, and E70/5095 have recently been actioned, and similarly for E70/5179 during the previous quarter, with current residual tenure as per depiction in Figure 9. A corresponding reduction in annual expenditure is now in place for the Project but is under a review with the new management. Canadian Lithium Projects After reviewing both the Ruddy and Kember projects for lithium and gold potential, it was decided to withdraw from these project areas. New Opportunities The Company continues to review acquisition or joint venture opportunities which are complementary to Sultan’s existing asset base and which have the potential to enhance shareholder value. The Board is focused on ensuring any new project will deliver significant upside to all shareholders but there can be no guarantee that any transaction will meet such requirements and be concluded. Corporate During the quarter, Mr Lincoln Liu and Mr Mark Mitchell were appointed as Non-Executive Chairman and Non-Executive Director, respectively. Mr Jeremy King transitioned from his role as Non-Executive Chairman to Non-Executive Director. Concurrently, the Company announced the resignation of Non-Executive Directors Mr Ian David Lees and Mr Steve Groves. In June 2025, Sultan announced to undertake a non-renounceable entitlement offer of 1 New Share for every 1 share held by Eligible shareholders at the Record Date at an issue price of $0.05 per share to raise up to approximately $1.15 million (before costs) (Offer). The Offer was closed on 18 July 2025. The Company received valid applications for 29,613,653 New Shares under the Offer, raising a total of $148,068 (before costs). The shares were issued on 25 July 2025. A total of 201,856,257 New Shares (Shortfall Shares) is available under the Shortfall Offer and will be placed at the Company’s absolute discretion, subject to any restrictions imposed by the Corporations Act and Listing Rules. The Company intends to apply the proceeds raised to fund proposed exploration expenditure, project assessment and for working capital. Sultan’s cash position as at 30 June 2025 was ~$96,000. Page 12 ASX ANNOUNCEMENT ADDITIONAL ASX INFORMATION ASX Listing Rule 5.3.1 Exploration and Evaluation during the quarter was ~$79,000. ASX Listing Rule 5.3.2 There was no substantive mining production and development activities during the quarter. ASX Listing Rule 5.3.5 Payments to Related Parties & their Associates Total Amount Director Fees and Superannuation $31,324 Company Secretarial, Registered Office and Financial Management Services Nil ASX Listing Rule 5.3.3 SCHEDULE OF TENEMENTS Western Australia Tenement Holder Status Area Sultan Resources Live 1 block Application Required Grant Date Expiry Date 19/10/2016 8/02/2018 7/02/2028 $15,000 Date Expenditure Thaduna Project E52/3481 Lake Grace Project E70/5081 Sultan Resources Live 35 blocks 21/11/2017 23/07/2018 22/07/2028 $70,000 E70/5082 Sultan Resources Live 22 blocks 23/11/2017 31/07/2018 30/07/2028 $50,000 E70/5085 Sultan Resources Live 37 blocks 24/11/2017 23/07/2018 22/07/2028 $74,000 E70/5095 Sultan Resources Live 32 blocks 1/12/2017 31/07/2018 30/07/2028 $64,000 E70/5179 Sultan Resources Live 16 blocks 1/6/2018 5/02/2019 04/02/2029 $50,000 E70/6529 Sultan Resources Live 1 block 15/8/2023 18/10/2023 17/10/2028 $10,000 E70/6530 Sultan Resources Live 2 blocks 15/8/2023 23/10/2023 22/10/2028 $15,000 E70/6531 Sultan Resources Live 14 blocks 15/8/2023 23/10/2023 22/10/2028 $20,000 Status Area Grant Date Expiry Date New South Wales Tenement Holder Application 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 The mining tenements relinquished during the quarter and their location – *Canada, Ontario, Ruddy Project Claims 711362-64 *Canada, Ontario, Kember Project Claims 705989-94 (*tenement surrender process ongoing) 9 Page 13 ASX ANNOUNCEMENT The mining tenement interests acquired during the quarter and their location Beneficial percentage interests held in farm-in/farm-out agreements at the end of the quarter Beneficial percentage interests held in farm-in/farm-out agreements acquired/disposed of during the quarter Nil Nil Nil This announcement is authorised for release by the Board. For further information contact: Lincoln Liu Chairman 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 abovementioned announcements. About Sultan Resources Sultan Resources is an Australian focused exploration company with a portfolio of quality assets in emerging discovery terranes. The Company is focused on its highly prospective Lachlan Fold Belt Projects with strong indications of Cu and Au mineralisation and Lake Grace project which forms part of interpreted mobile zone that hosts the recent Julimar NiCu-PGE discovery. The projects cover nearly 950km² in emerging exploration terrains targeted by experienced explorers such as Ausgold’s Limited (ASX:AUC) Kulin 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. Page 14 Rule 5.5 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 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 - - (a) exploration & evaluation - - (b) development - - (c) production - - (d) staff costs (31) (136) (e) administration and corporate costs (12) (281) 1.3 Dividends received (see note 3) - - 1.4 Interest received - 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 (43) (414) 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) tenements - - (c) property, plant and equipment - - (79) (392) (e) investments - - (f) - - (d) exploration & evaluation 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 - - 2.6 Net cash from / (used in) investing activities (79) (392) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) - 339 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 - (21) 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 - 318 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 218 584 4.2 Net cash from / (used in) operating activities (item 1.9 above) (43) (414) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (79) (392) 4.4 Net cash from / (used in) financing activities (item 3.10 above) - 318 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 Current quarter $A’000 Year to date (12 months) $A’000 - - 96 96 Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 96 218 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) 96 218 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 6.2 Aggregate amount of payments to related parties and their associates included in item 2 Current quarter $A'000 (31) - 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 - - 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) (43) 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (79) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (122) 8.4 Cash and cash equivalents at quarter end (item 4.6) 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) 96 96 0.79 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 can raise additional capital t