Announcement PDF ASX RELEASE 10 July 2025 Quarterly Activities Report – 30 June 2025 Victory Metals (ASX:VTM) (Victory or the Company) is pleased to report on its activities and the Appendix 5B for the quarter ending 30 June 2025 (Quarter, Reporting Period). Highlights: ▪ North Stanmore Project Mineral Resource Estimate (MRE) significantly enhanced with the inclusion of Gallium as a by-product ▪ Letter of Commitment from Sanabil Investments LLC, a wholly owned investment company of the Public Investment Fund (PIF) of Saudi Arabia, to provide a US$10 million loan facility ▪ Letter of Intent received from the Export-Import Bank of the United States for up to US$190 million (~A$292 million) in project financing support for the development of the North Stanmore Project ▪ The North Stanmore Project features some of the highest metallurgical extraction rates reported for export restricted HREEs Tb 94%, Dy 87%, Lu 71% and Y 72% 1, highlighting its strategic position to become a potential producer of the HREEs subject to the new Chinese export restrictions ▪ $4M Placement completed backed by VTM leadership, industry and Top 20 Shareholders ▪ Victory remains well funded with $6.46M in cash at 30 June 2025 and $624,000 of prepaid Preliminary Feasibility Study (PSF) expenditure NORTH STANMORE HEAVY RARE EARTH ELEMENTS PROJECT As one of the largest heavy rare earth clay projects globally, the North Stanmore Project (North Stanmore or the Project) presents a unique opportunity to establish a long-term, low-cost supply of critical minerals essential for high-growth industries including renewable energy, electric vehicles and defence. North Stanmore is located in the Tier-1 mining jurisdiction of Western Australia, where both Federal and State Governments have committed billions of dollars of support for rare earth projects2. The Project is strategically positioned to become a potential producer of heavy rare earth elements and critical minerals which are subject to export restrictions from China, including dysprosium, terbium and yttrium. 1 Refer to ASX announcement dated 12th March 2025 titled “Outstanding North Stanmore Scoping Study Delivered” 2 https://www.exportfinance.gov.au/newsroom/transforming-australia-s-critical-minerals-sector/ ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6555 2950 A: Suite 1, 295 Rokeby Road, Subiaco, WA, 6008 — T H E F U T U R E O F A U S T R A L I A N R A R E E A R T H S — Figure 1. Location of Victory Metals’ North Stanmore Project MAJOR ENHANCEMENT OF MRE WITH THE INCLUSION OF GALLIUM AS A BY-PRODUCT In April, Victory unveiled a significant enhancement to its North Stanmore Project’s Mineral Resource Estimate (MRE), with the inclusion of Gallium Oxide (Ga₂O₃). The addition of Gallium further strengthens the Company’s diversified critical minerals portfolio, positioning the Company as a potential dependable Western supplier of metals currently under tight global supply due to Chinese export restrictions. Victory added 4,788 tonnes of Gallium Oxide to its updated North Stanmore MRE, which now stands at 247.5 million dry metric tonnes at 520 ppm Total Rare Earth Oxide plus Gallium Oxide at 26 ppm (TREO + Sc2O3 + Ga₂O₃) (Inferred and Indicated). ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6555 2950 A: Suite 1, 295 Rokeby Road, Subiaco, WA, 6008 — T H E F U T U R E O F A U S T R A L I A N R A R E E A R T H S — Table 1: North Stanmore April 2025 MRE (≥330ppm TREO + Sc2O3 cut-off grade) MRE TONNES (t) TREO (ppm) HREO (ppm) LREO (ppm) HREO/TREO (%) Sc2O3 (ppm) Ga2O3 (ppm) INDICATED 176,500,000 477 181 296 38 26 26 INFERRED 70,900,000 533 164 369 31 28 26 TOTAL 247,500,000 493 176 317 36 Numbers are rounded to reflect they are an estimate. Numbers may not sum due to rounding. 27 26 CLASSIFICATION The inclusion of Gallium in the MRE makes Victory is one of the few companies in Australia with a declared Gallium Oxide Mineral Resource, further positioning the Company as a globally relevant and potential diversified critical minerals supplier. At North Stanmore, Gallium is recovered concurrently with Victory’s Mixed Rare Earth Carbonate (MREC) with no additional processing required, making it a cost-effective by-product. The addition of Gallium enhances the value and strategic appeal of Victory’s MREC, although the Company remains firmly focused on its high ratios of heavy rare earths as its core revenue drivers. Gallium is a critical technology metal used in AI chips, semiconductors, quantum computing, defence systems, LEDs, and solar panels – with global supply tightly controlled, particularly by China. North Stanmore includes several critical metals that are currently subject to Chinese export restrictions, all of these restricted critical metals have been recovered during testwork in Victory’s Mixed Rare Earth Carbonate (MREC). Figure 2. Critical Minerals contained within the North Stanmore MREC Following Victory’s announcement on 26 March 20253 regarding the successful production of Gallium (Ga) in its final MREC product from North Stanmore, the Company commissioned MEC Pty 3 Refer to ASX Announcement dated 26th March 2025 titled “Gallium Produced in Final MREC Product” ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6555 2950 A: Suite 1, 295 Rokeby Road, Subiaco, WA, 6008 — T H E F U T U R E O F A U S T R A L I A N R A R E E A R T H S — Ltd (MEC) in April 2025 to update the January 2025 MRE to include Gallium oxide given the recent MREC Gallium recoveries. The April 2025 MRE update was estimated within the boundaries of 10 tenements; E20/0544, E20/871, E20/971, E20/1016, E20/2468, E20/2469, P20/0543, P20/2007, P20/2153, and P20/2403, with all tenure held by Victory Cue Pty Ltd, a wholly owned subsidiary of Victory. Figure 3. North Stanmore MRE by ResCat Table 2 shows the HREO within the HGMIN domain by classification, and Table 3 shows the HREO within the MIN domain by classification. Table 2: North Stanmore April 2025 MRE HREO within the HGMIN domain (≥330ppm TREO + Sc2O3 cut-off grade) Table 3: North Stanmore April 2025 MRE HRE[Y]O within the MIN domain (≥330ppm TREO + Sc2O3 cut-off grade ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6555 2950 A: Suite 1, 295 Rokeby Road, Subiaco, WA, 6008 — T H E F U T U R E O F A U S T R A L I A N R A R E E A R T H S — The economic cut-off grade for the April 2025 MEC MRE (Table 1) was ≥330ppm TREO + Sc2O3. This cut-off grade was selected based on the evaluation of other like regolith hosted rare earth Mineral Resources. The MIN domain grade and tonnage is exclusive of the HG grade and tonnage (Table 3). Table 4 shows the LREO by domain and classification above 330ppm TREO + Sc2O3. Table 5 shows base metals, gallium, and hafnium grades above 330ppm TREO + Sc2O3. Table 4: North Stanmore April 2025 MRE LREO Grades by Domain and Classification (≥330ppm TREO + Sc2O3 cut-off grade) Table 5: North Stanmore April 2025 MRE Ni, Co, Cu, Hf, Ga2O3 (≥330ppm TREO + Sc2O3 cut-off grade) For full details see ASX Announcement 17th April 2025, “Victory Unveils Major Gallium Resource as By-Product to HREEs”. ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6555 2950 A: Suite 1, 295 Rokeby Road, Subiaco, WA, 6008 — T H E F U T U R E O F A U S T R A L I A N R A R E E A R T H S — CORPORATE U.S. GOVERNMENT FUNDING LOI FOR US$190M TO ADVANCE NORTH STANMORE In April, Victory advised that it had received a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM), for up to US$190 million (~A$292 million) in project financing support for the development of Victory’s North Stanmore Project, marking a landmark moment in the Company’s growth and establishes Victory as one of the few Australian critical minerals developers attracting high-level international government-backed support. Highlights of the LOI include: • Up to US$190 million (~A$292 million) in potential debt financing support • Non-binding LOI with a 15-year indicative repayment term • Opportunity to access further U.S. government financing through China and Transformational Exports Program (CTEP) • Final financing commitment is subject to standard due diligence and must be compliant with EXIM policies as well as program, legal and eligibility requirements. The LOI received from EXIM may also be eligible for special consideration under Section 402 of EXIM's 2019 re-authorisation (P.L. 116-94), which directs EXIM to take steps to mitigate the competitive impact of export support provided by the People's Republic of China and other covered countries for opportunities aimed at enhancing U.S. leadership in areas deemed critical to economic and national security, including rare earths and advanced materials. $4M PLACEMENT COMPLETED BACKED BY VTM MANAGEMENT AND TOP 20 SHAREHOLDERS Victory raised $4 million before costs in a strongly supported placement of new fully paid ordinary shares in the Company to professional and sophisticated investors, as well as directors and management of the Company, priced at $0.73 per share, representing a 15% discount to the last traded price prior to the trading halt on 26 May 2025 of $0.86 per share. The Placement comprised the issue of 5,136,986 Placement Shares to professional and sophisticated investors (Investor Participation), and 342,466 Placement Shares to directors and management of the Company, subject to approval by the Company's shareholders (Director Participation). The Company will also issue 1,800,000 unlisted options with an exercise price of $1.30 and a two-year exercise period (Placement Options) to unrelated parties under the Investor Participation. US$10 Million secured from Saudi Arabia’s Sovereign Wealth Investment Arm In June, Victory announced it had received a Letter of Commitment from Sanabil Investments LLC, a globally respected sovereign investment firm which is wholly owned by the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, to provide a US$10 million loan facility. Highlights of the Letter of Commitment include: • Sanabil Investments, a wholly owned investment company of the PIF of Saudi Arabia • Unsecured, US$10 million loan facility with a 2-year moratorium on interest payments and a 3.9% interest rate over the remaining term • Sanabil has requested the first right to provide future funding for A$330 million for the development and construction of the processing plant ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6555 2950 A: Suite 1, 295 Rokeby Road, Subiaco, WA, 6008 — T H E F U T U R E O F A U S T R A L I A N R A R E E A R T H S — • • • Funds to be used for general corporate purposes, including exploration, capital, operating, and development expenditure to fast-track North Stanmore Project Sanabil deploys US$3 billion annually into high impact companies and projects worldwide Funding strongly aligned with Saudi Arabia’s Vision 2030, which prioritises economic diversification and downstream investment in critical minerals and rare earth processing Victory is working with Sanabil to complete full form loan documentation before funds are remitted. CASHFLOWS FOR THE QUARTER Attached to this report is the Appendix 5B containing the Company’s cash flow statement for the quarter. Exploration expenditure of $1.425m (which includes a $624K PFS prepayment) expenditure mainly related to exploration and development activities undertaken at North Stanmore REE Project net of GST refunds received on current and previous exploration expenditure. $504k expenditure net of GST refunds received on current and previous administration expenditure and corporate costs of which $117k were payments made to related parties. These payments relate to the remuneration agreements for Executive and Non-Executive Directors and to SmallCap Corporate Pty Ltd (SmallCap) for providing company secretary, accounting and office services to the Company. NonExecutive Chairman James Bahen is a shareholder and director of SmallCap. ▪ As at 30 June 2025, the Company had available cash of approximately $6.46M and $624,000 of prepaid PSF expenditure June 2025 Quarter – ASX Announcements This Quarterly Activities Report contains information extracted from ASX market announcements reported in accordance with the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (2012 JORC Code). Further details (including 2012 JORC Code reporting tables where applicable) of exploration results referred to in this Quarterly Activities Report can be found in the following announcements lodged on the ASX: 24/06/2025 28/05/2025 06/05/2025 23/04/2025 17/04/2025 16/04/2025 08/04/2025 US$10M Secured from KSA Sovereign Wealth Investment Arm $4M Placement Backed by Leadership, Industry and Top 20 Investor Presentation – Sydney RIU US Government Funding LOI US$190M to Advance HREE Project VTM Unveils Major Gallium Resource as By-product to HREEs US Executive Order Highlights Strategic Opportunity for VTM Strategic Heavy REE Supplier Amid China Export Controls These announcements are available for viewing on the Company’s website www.victorymetalsaustralia.com. Victory confirms that it is not aware of any new information or data that materially affects the information included in any original ASX announcement. This announcement has been authorised by the Board of Victory Metals Limited. ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6555 2950 A: Suite 1, 295 Rokeby Road, Subiaco, WA, 6008 — T H E F U T U R E O F A U S T R A L I A N R A R E E A R T H S — For further information please contact: Brendan Clark CEO and Executive Director b.clark@victorymetalsaustralia.com Ben Creagh Investor and Media Relations benc@nwrcommunications.com.au Victory Metals Limited: Company Profile Victory is dedicated to the exploration and development of its flagship North Stanmore Heavy Rare Earth Elements (HREE), Scandium, Gallium and Hafnium Project, located in the Cue Region of Western Australia. The Company is committed to advancing this world-class project to unlock its significant potential. Competent Person Statement Professor Ken Collerson Statements contained in this report relating to exploration results, Mineral Resource Estimate, scientific evaluation, and potential, are based on information compiled and evaluated by Professor Ken Collerson. Professor Collerson (PhD) Principal of KDC Consulting, and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM - membership number 100125), is a geochemist/geologist with sufficient relevant experience in relation to rare earth element and critical metal mineralisation being reported on, to qualify as a Competent Person as defined in the Australian Code for Reporting of Identified Mineral resources and Ore reserves (JORC Code 2012). Professor Collerson consents to the use of this information in this report in the form and context in which it appears. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements in relation to the exploration results. The Company confirms that the form and context in which the competent person’s findings have not been materially modified from the original announcement. ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6555 2950 A: Suite 1, 295 Rokeby Road, Subiaco, WA, 6008 — T H E F U T U R E O F A U S T R A L I A N R A R E E A R T H S — ASX RELEASE 10 July 2025 Appendix 1 – Interest in Mining Tenements Tenement ID E20/1016 E20/1053 E20/1080 E20/1081 E20/871 E20/971 G20/25 L20/72 M20/128 M20/129 M20/288 M20/305 M20/360 M20/455 M20/480 M20/494 M20/543 M20/544 M20/546 M20/550 M20/562 M20/564 M21/125 M21/143 M21/158 M21/26 M21/86 M21/94 M21/95 P20/2007 P20/2153 P20/2248 P20/2249 P20/2250 P20/2331 P20/2333 P20/2334 Status Location Live Application Live Application Live Live Live Application Live Live Live Live Live Live Live Live Live Live Application Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Application Cue Application Application Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Interest at the beginning of the quarter 100% 100% beneficial 100% 100% beneficial 100% 100% 100% 100% beneficial 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%-conversion interest (P20/2007) 100%-conversion interest(P20/2153) 100% beneficial 100% beneficial 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Interest acquired or disposed 100% 100% 100% - Interest at the end of the quarter 100% 100% beneficial 100%v 100% beneficial 100% 100% 100% 100% beneficial 100% 100% 100% 100% 100% 100% 100% 100% 100% - 100% beneficial 100% beneficial 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6555 2950 A: Suite 1, 295 Rokeby Road, Subiaco, WA, 6008 — T H E F U T U R E O F A U S T R A L I A N R A R E E A R T H S — P20/2345 P20/2346 P20/2352 P20/2353 P20/2354 P20/2355 P20/2356 P20/2357 P20/2358 P20/2359 P20/2360 P20/2383 P20/2397 P20/2398 P20/2402 P20/2403 P20/2409 P20/2410 P20/2468 P20/2469 P20/2486 P21/772 P21/773 P21/774 P21/775 P21/776 P21/793 P20/2534 P46/1975 P46/1976 Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Application Live Live Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Cue Nullagine Nullagine 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% beneficial 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% beneficial - ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6555 2950 A: Suite 1, 295 Rokeby Road, Subiaco, WA, 6008 — T H E F U T U R E O F A U S T R A L I A N R A R E E A R T H S — Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Victory Metals Limited ACN Quarter ended (“current quarter”) 124 279 750 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 (19) (19) (e) administration and corporate costs (504) (1,477) - - 30 140 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 (provide other details) – R&D Receipt - 752 1.9 Net cash from / (used in) operating activities (493) (604) 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) tenements - - (c) property, plant and equipment - - (1,425) (3,409) (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 (provide other details) – Lease Deposit - (30) 2.6 Net cash from / (used in) investing activities (1,425) (3,439) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3,750 5,250 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - 2,475 3.4 Transaction costs related to issues of equity securities or convertible debt securities (50) (108) 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9a Proceeds from issues of equity securities to be allotted - - 3.9b Repayment of lease liabilities - - 3.10 Net cash from / (used in) financing activities 3,700 7,617 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 4,680 2,888 4.2 Net cash from / (used in) operating activities (item 1.9 above) (493) (604) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (1,425) (3,439) 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 4.4 Net cash from / (used in) financing activities (item 3.10 above) 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 Current quarter $A’000 Year to date (12 months) $A’000 3,700 7,617 - - 6,462 6,462 Current quarter $A’000 Previous quarter $A’000 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 962 650 5.2 Call deposits 5,500 4,030 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) 6,462 4,680 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* 117 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. * Payments in relation to Director’s fees for the period. 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. 8. Estimated cash available for future operating activities 8.1 Net cash from / (used in) operating activities (item 1.9) 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (1,425) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (1,918) 8.4 Cash and cash equivalents at quarter end (item 4.6) 6,462 8.5 Unused finance facilities available at quarter end (item 7.5) 8.6 Total available funding (item 8.4 + item 8.5) 6,462 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 3.37 $A’000 (493) - 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 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: 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. 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: .........10 July 2025......... Authorised by: ..........The Board of Directors of the Company................................. (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 has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”. 5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively. ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 5