Announcement PDF VICTORY METALS LIMITED ABN 12 124 279 750 ANNUAL REPORT 30 June 2026 VICTORY METALS LIMITED ACN 124 279 750 Annual Report for the Year Ended 30 June 2026 Contents Page Corporate Directory 1 Directors’ Report 2 Financial report • Consolidated statement of profit or loss and other comprehensive income 17 • Consolidated statement of financial position 18 • Consolidated statement of changes in equity 19 • Consolidated statement of cash flows 20 • Notes to the consolidated financial statements 21 Directors’ declaration 42 Auditors’ declaration of independence 43 Independent Auditor’s Report 44 Shareholder information 48 Listing of Mining Tenements 50 VICTORY METALS LIMITED ACN 124 279 750 Annual Report for the Year Ended 30 June 2026 Page 1 ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6557 8656 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 Directory Directors Prof. Kenneth Collerson Non-Executive Director Mr Brendan James Clark Executive Director Mr James Timothy Bahen Non-Executive Chairman Company Secretary Mr Robert Featherby Principal Place of Business Suite 1 295 Rokeby Road Subiaco WA 6008 Registered Office Suite 1 295 Rokeby Road Subiaco WA 6008 Telephone: +61 (08) 6557 8656 Share Registry XCEND Yarra Falls Level 1, 139 Macquarie Street SYDNEY NSW 2000 Auditors Hall Chadwick WA Audit Pty Ltd 283 Rokeby Road Subiaco WA 6008 VICTORY METALS LIMITED ACN 124 279 750 Annual Report for the Year Ended 30 June 2026 Directors’ Report Page 2 ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6557 8656 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 — Your directors present their report on Victory Metals Limited (the Company) and its controlled entities (the Group) for the year ended 30 June 2026. Directors The following persons were directors of the Company during the whole of the financial year and up to the date of this report unless otherwise stated: Mr Brendan Clark Executive Director Mr James Bahen Non-Executive Chairman Prof. Kenneth Collerson Non-Executive Director Principal Activities During the financial year, the principal activity of the Company is focused upon the exploration and development of its North Stanmore Heavy Rare Earth Element Project within the portfolio of underexplored and contiguous tenements in the Cue goldfields of Western Australia, being the Victory Tenements. Dividend Paid No dividend from current year operations has been paid or is proposed to be paid in relation to the year ended 30 June 2026 (2025: Nil). Review of Operations The loss for the consolidated entity after providing for income tax amounted to $5,109,574 (30 June 2025: $3,700,431). North Stanmore Heavy Rare Earth Project Throughout FY26, Victory continued to advance its 100%-owned North Stanmore Heavy Rare Earth & Critical Mineral Project near Cue, Western Australia, through metallurgical testwork, resource drilling, environmental baseline studies and strategic and government engagement. This work culminated, subsequent to year end, in the release of a maiden Ore Reserve Estimate, an updated August 2026 Mineral Resource Estimate (MRE) and a Pre-Feasibility Study (PFS) on 18 August 2026, which together establish an initial 20-year development case for the Project. The Directors consider this announcement to be the principal outcome of the Company’s activities during the year and it forms the main focus of this Review of Operations. Other key milestones achieved during the year, which underpinned the PFS, are summarised below. • MRIWA Grant: in August 2025, Victory secured a grant from the Minerals Research Institute of Western Australia (MRIWA) to support research and development activities at North Stanmore. • $11.5 Million Institutional Placement: in August 2025, Victory completed an institutional placement raising $11.5 million (before costs) to fund exploration targeting ultra-high HREO zones and to progress PFS-level studies. • Rapid Leach Kinetics: testwork reported during the December 2025 quarter demonstrated that approximately 80% of rare earths could be leached within 30 minutes, compared with a previous four-hour assumption, offering the potential for a materially smaller leach circuit and lower reagent consumption. • Grade Enrichment: simple beneficiation and cyclosizing testwork delivered significant grade increases in terbium, dysprosium and scandium without the need for complex reagents or additional processing circuits. • Environmental Baseline Studies: comprehensive baseline studies across flora, fauna, surface water, groundwater, soils and waste characterisation were completed at North Stanmore, supporting the Project’s environmental approvals pathway. • PFS Testwork Finalised: in May 2026, Victory confirmed key metallurgical testwork inputs to the PFS, including an alternative flotation reagent costing approximately half as much as the reagent used in earlier testwork while delivering superior recoveries, together with confirmation that ambient-temperature processing performs as well as heated processing – simplifying the process flowsheet and reducing forecast capital and operating expenditure. VICTORY METALS LIMITED ACN 124 279 750 Annual Report for the Year Ended 30 June 2026 Directors’ Report Page 3 ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6557 8656 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 — • US Defense Industrial Base Consortium: in May 2026, Victory was approved for membership of the United States Defense Industrial Base Consortium (DIBC), broadening the Company’s engagement with the US defence and critical minerals supply chain. • Pilot Plant Concentrate: in June 2026, Victory reported results from its Perth pilot plant, producing a flotation concentrate grading approximately 7.1% TREO (an approximate 59-fold upgrade on feed grade), with heavy rare earths comprising approximately 40% of contained TREO. Maiden Ore Reserve, Updated Mineral Resource Estimate and Pre-Feasibility Study Subsequent to year end, on 18 August 2026, Victory announced the results of a maiden Ore Reserve Estimate, an updated August 2026 Mineral Resource Estimate and a Pre-Feasibility Study (PFS) for North Stanmore. Chief Executive Officer and Executive Director Brendan Clark said the maiden Ore Reserve, updated Mineral Resource and PFS bring together one of the lowest-cost heavy rare earth projects in a geopolitically secure region, with the scale, grade and confidence to support a robust development case. Measure Unit PFS Result Plant throughput Mtpa 2.4 Ore processed Mt 48.4 Initial project period Years 20 LOM revenue (FOB) A$B 6.5 Initial process/infrastructure capital A$M 155 Processing plus sitewide General & Admin (G&A) A$/t processed 28.38 All-in sustaining cost (AISC) A$/wet ore 79.77 Pre-tax NPV8 (8% real discount rate) A$M 1,762 Pre-tax IRR % 338 Pre-tax payback Years 1.5 Post-tax NPV8 (8% real discount rate) A$M 1,211 Post-tax IRR % 240 Post-tax payback Years 1.5 Table 1: North Stanmore PFS – Summary Financial Results (Source: ASX announcement, 18 August 2026) Category Tonnes (Mt) TREO (ppm) HREO (ppm) HfO2 (ppm) Proved – – – – Probable 47.0 692 248 6.4 Total 47.0 692 248 6.4 Table 2: Maiden North Stanmore Ore Reserve Estimate (≥300ppm TREO cut-off). Numbers are rounded to reflect the appropriate precision of an estimate. Metric August 2025 August 2026 Change Global MRE tonnage 320.6 Mt 278.8 Mt -13.0% Global average TREO grade 486 ppm 483 ppm -0.6% High-grade domain tonnage 55.0 Mt 53.3 Mt -3.1% High-grade average TREO grade 1,029 ppm 1,024 ppm -0.5% High-grade Measured + Indicated 35.5 Mt 38.0 Mt +7.2% Measured Resource Nil 70.7 Mt Maiden category Table 3: North Stanmore Mineral Resource Estimate – August 2025 vs August 2026. Numbers are rounded to reflect the appropriate precision of an estimate. The PFS production schedule is based entirely on the 47.0 Mt Probable Ore Reserve, with no Inferred Mineral Resources or Exploration Targets included. Mining is scheduled over approximately 10 years, with a further approximately 10.5 years of processing of stockpiled ore, for a total initial development case of approximately 20 years. Life-of-mine free-on-board revenue is forecast at approximately $6.5 billion, with yttrium, hafnium and dysprosium together expected to contribute approximately 84% of total revenue. Sensitivity analysis undertaken as part of the PFS identifies the TREO and hafnium revenue basket, processing head grade, foreign exchange and metallurgical recovery as the principal drivers of Project value, with an approximate 18% adverse movement in the base-case revenue basket estimated to bring pre-tax NPV8 to breakeven. Victory is progressing confidential discussions with strategic partners in Japan, Europe and the United States regarding product qualification, pricing, commercial structures and long-term offtake for North Stanmore concentrate, and is pursuing a diversified funding strategy incorporating the existing non-binding Letter of Interest from the US Export- Import Bank (EXIM) for up to US$190 million (approximately A$275 million), together with project debt, strategic equity, offtake-related funding and government and export credit support. VICTORY METALS LIMITED ACN 124 279 750 Annual Report for the Year Ended 30 June 2026 Directors’ Report Page 4 ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6557 8656 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 — Victory’s near-term priorities are to complete the Definitive Feasibility Study (DFS) scope, including geotechnical and hydrogeological investigations and further engineering definition; continue pilot and locked-cycle metallurgical programs, product qualification and downstream test work; advance environmental, water, tenure, heritage and mining approvals; and progress offtake discussions and Project funding workstreams. As with any pre-feasibility level study, the PFS outcomes are subject to a range of technical, commercial and approvals-related risks and uncertainties, including commodity prices and payability, metallurgical recovery and scale-up, geotechnical and hydrogeological definition, regulatory approvals, and funding and cost outcomes. These risks, and the Company’s associated mitigation focus, are set out in full in the ASX announcement dated 18 August 2026. U.S. Government Funding LOI and Strategic Support Victory’s non-binding Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM), for up to US$190 million (approximately A$275 million) in potential project financing support, first announced in April 2025, remained in place throughout FY26 and continues to form part of the Company’s funding strategy for North Stanmore. In May 2026, Victory was approved for membership of the United States Defense Industrial Base Consortium (DIBC), broadening the Company’s engagement with the US defence and critical minerals supply chain. Corporate $11.5 Million Institutional Placement: in August 2025, Victory completed an institutional placement raising $11.5 million (before costs) to accelerate exploration of ultra-high HREO zones at North Stanmore and to progress PFS-level studies. Annual General Meeting: Victory’s Annual General Meeting was held on 19 November 2025 in Subiaco, Western Australia. Shareholders approved the adoption of the Remuneration Report, the re-election of Prof. Kenneth Collerson as a Non-Executive Director, and a 10% placement capacity under ASX Listing Rule 7.1A. Annual Report – ASX Announcements The Annual 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 Report can be found in the following announcements lodged on the ASX: 18/08/2026 Maiden Ore Reserve, Updated Mineral Resource and Pre-Feasibility Study (subsequent to year end) 09/07/2026 Victory Dispatches Heavy Rare Earth Concentrate to Potential Offtake Partners (subsequent to year end) 17/06/2026 Flotation Mineral Concentrate Results – Pilot Operations 25/05/2026 Victory Approved by US DIBC 03/05/2026 PFS Testwork Finalised – CAPEX and OPEX Reductions Confirmed 28/04/2026 Quarterly Activities/Appendix 5B Cash Flow Report (March 2026 quarter) 15/04/2026 Proposed Issue of Securities 19/11/2025 Results of Meeting – 2025 Annual General Meeting 20/10/2025 Notice of Annual General Meeting 2025 26/08/2025 $11.5M Insto Placement to Target Ultra-High HREO Zones 18/08/2025 Victory Secures Prestigious MRIWA Grant 11/08/2025 Updated MRE Identifies HREO/TREO Ratios up to 83% 29/07/2025 Breakthrough for VTM with MREO Produced at North Stanmore 14/07/2025 Victory Secures U.S. Government Approval for Engagement 10/07/2025 Quarterly Activities/Appendix 5B Cash Flow Report (June 2025 quarter) 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. VICTORY METALS LIMITED ACN 124 279 750 Annual Report for the Year Ended 30 June 2026 Directors’ Report Page 5 ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6557 8656 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 — Competent Persons Statements Mineral Resource Estimate and Exploration Results: the information in this report that relates to Exploration Results, Mineral Resource estimates and Exploration Targets for the North Stanmore Project is based on, and fairly represents, information compiled and reviewed by Dean O’Keefe, who is engaged by Victory Metals Limited as Chief Technical Officer and is a Principal of Tiger Lilly Consulting. Mr O’Keefe is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM #112948) and is a geologist and geostatistician with sufficient relevant experience in relation 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 Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). Mr O’Keefe consents to the inclusion of the information in this report in the form and context in which it appears. Ore Reserve Estimate: the information in this report that relates to the maiden Ore Reserve estimate for the North Stanmore Project is based on, and fairly represents, information compiled under the joint responsibility of Rodrick Bonner and Paul King, both Principal Mining Engineers permanently employed by MEC Technical Services Pty Ltd. Mr Bonner (FAusIMM #335642) and Mr King (MAusIMM #301413) each have sufficient relevant experience in the style of mineralisation and deposit type under consideration, the mining method applied, and the modifying factors used, to qualify as Competent Persons as defined in the JORC Code (2012 Edition). Mr Bonner and Mr King consent to the inclusion of the information in this report in the form and context in which it appears. Exploration and Mineral Resource results announced by the Company earlier in the financial year, including the update reported on 11 August 2025, were based on information compiled and reviewed by the Competent Person(s) named in the relevant ASX announcement referred to in the table above, including Professor Kenneth Collerson, Principal of KDC Consulting and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM – membership number 100125). 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 referred to in this report, and that the form and context in which the relevant Competent Persons’ findings are presented in this report have not been materially modified from the original announcements. Significant Changes in State of Affairs Other than as described in the Review of Operations above, there were no significant changes in the state of affairs of the Group during the financial year. Material business risks The proposed future activities of the Consolidated Entity are subject to a number of risks and other factors which may impact its future performance. Some of these risks can be mitigated by the use of safeguards and appropriate controls. However, many of the risks are outside the control of the directors and management of the Company and cannot be mitigated. An investment in the Company is not risk free and should be considered speculative. This section provides a non-exhaustive list of the risks faced by the Consolidated Entity or by investors in the Company. The risks should be considered in connection with forward looking statements in this Annual Report. Actual events may be materially different to those described and may therefore affect the Consolidated Entity in a different way. Investors should be aware that the performance of the Consolidated Entity may be affected by these risk factors, and the value of its Shares may rise or fall over any given period. None of the directors or any person associated with the Consolidated Entity guarantee the Consolidated Entity’s performance. Business risks Mitigating actions Exploration and evaluation - Geological, exploration and development: The exploration, development and mining of mineral resources is a high risk, high-cost exercise with no certainty of confirming economic viability of projects with high risk of project delays and unforeseen geological challenges. - Market Volatility, there are risks associated with fluctuations in rare earth element prices, market demand and global economic conditions. These - The Company has announced a large inferred and indicated HREE MRE and significantly larger exploration target. Further exploration to increase the resource grade, higher confidence resource categories and increased MRE tonnes is planned. - Following MRE updates, further metallurgical testwork and understanding of the REE concentrate product grade and marketability, the Company will undertake studies and target the North Stanmore project to be in the lowest cost quartile/highest margin quartile for REE VICTORY METALS LIMITED ACN 124 279 750 Annual Report for the Year Ended 30 June 2026 Directors’ Report Page 6 ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6557 8656 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 — Business risks Mitigating actions factors could impact the Company’s financial performance and stability. producers based on its simple mining and low strip ratio, metallurgical performance including simple processing flowsheet, locational and logistics benefits, high value REE mix and scale. Low cost and high margin projects survive through low prices and difficult macroeconomic conditions. Human Resources and Occupational Health and Safety - New operational commodity and lack of experience: The exploration and development of clay-hosted REE minerals is an emerging industry in Australia and there may be a lack of suitably trained professionals to conduct such activities. - Hazardous activities: The Company’s exploration and evaluation activities may be hazardous, with potential to cause illness or injury. - Strong human resources and employee relations framework. - Competitive remuneration structure focused on attracting diverse, engaged and suitably qualified employees and consultants. - Retention of staff through contemporary HR practices and performance management systems that make the Company a first-choice employer. - The nascent industry is advancing and progressively developing Australian-based knowledge and skills. - Industry standard safety management system. - Embedded safety culture. - Regular review of safety management system. Finance - The need to fund exploration and evaluation activities. - Future funding risk: Continued exploration and evaluation is dependent on the Company being able to secure future funding from equity markets. The successful development of a mining project will depend on the capacity to raise funds from equity and debt markets. - Due to rare earth elements typically being traded in USD, there are risks associated with currency fluctuations and foreign exchange rate exposure. This could potentially have impact on revenues, costs or probability. - The Company will need to source equity funding for continued exploration and evaluation prior to accessing equity and debt markets to undertake development funding. Any additional equity financing may be dilutive to Shareholders, as pricing of the Company’s shares are dependent on endogenous and exogenous outcomes. - There can be no assurance that such funding will be available on satisfactory terms or at all at the relevant time. Any inability to obtain sufficient financing for the Company’s activities and future projects may result in the delay or cancellation of certain activities or projects, which would likely adversely affect the potential growth of the Company. VICTORY METALS LIMITED ACN 124 279 750 Annual Report for the Year Ended 30 June 2026 Directors’ Report Page 7 ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6557 8656 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 — Business risks Mitigating actions Regulatory Approvals and Social Licence to Operate - The Company’s exploration activities and major projects depend on receipt of regulatory approvals (e.g. tenure, environmental licences and permits, heritage approvals, etc). There is a risk that required approvals may be delayed or declined. - Maintenance of positive relationships with stakeholders and the community, particularly traditional owners, is important in ensuring the Company retains its social license to operate. - Potential risks arising from changes in government regulations, policies, or environmental standards that may affect the extraction, processing or export of rare earth elements. Such changes may impact the Company’s operations, costs or market access. - The Company will engage expert consultants to undertake required baseline environmental assessments and to prepare major approval application documents to ensure it meets regulatory requirements. The North Stanmore Project benefits from low levels of radioactive elements relative to most other REE projects. The Company considers potential environmental impacts as a key factor in its project design and evaluation and will ensure impacts are reduced to as low as reasonably practicable. - The Company has engaged legal support and specialised services for the negotiation and preparation of Land Access Agreements with Traditional Owners, to ensure we obtain prior and informed consent for our activities. - The Company will develop and implement a Stakeholder Engagement Plan to enable positive engagement with our stakeholders to ensure we retain our social licence to operate. Changes in Federal and State Regulations - Changes in Federal or State Government policies or legislation may impact royalties, tenure, land access and labour relations. - The Board regularly assesses developments in State and Federal legislation and policies and regularly engages with Government Departments. Climate Risk - The emergence of new or expanded regulations associated with the transitioning to a lower carbon economy and market changes related to climate change mitigation. The Company may be impacted by changes to local or international compliance regulations related to climate change mitigation efforts, or by specific taxation or penalties for carbon emissions or environmental damage. - Whilst the Company will seek to manage such risk as and when they arise, there can be no guarantee that the Company will be able to do so in a cost-effective manner, if at all. Events After the Reporting Date Subsequent to year end, the following events occurred: • On 6 August 2026, the Company issued 700,000 unquoted performance rights under its employee incentive scheme. • On 18 August 2026, the Company announced a maiden Ore Reserve, updated Mineral Resource Estimate and Pre-Feasibility Study for the North Stanmore Project. The Pre-Feasibility Study outlined a 20-year development case, including a maiden Probable Ore Reserve of approximately 47 million tonnes, initial capital expenditure of approximately $155 million and a pre-tax NPV8 of approximately $1.76 billion. • On 26 August 2026, the Company issued 73,800 ordinary shares via the conversion of options at an exercise price of $1.30 per option. There are no other matters or circumstances which have arisen since year end which significantly affected or may significantly affect the operations of the company, results of those operations, or the state of the affairs of the entity in subsequent periods VICTORY METALS LIMITED ACN 124 279 750 Annual Report for the Year Ended 30 June 2026 Directors’ Report Page 8 ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6557 8656 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 — Future Developments Further information, other than as disclosed in the Directors’ report, about likely developments in the operations of the Company and the expected results of those operations in future periods has not been included in this report as disclosure of this information would be likely to result in unreasonable prejudice to the Company. Information on Directors The following persons were directors of the Company during the year ended 30 June 2026 and up to the date of this report: Mr Brendan Clark Executive Director Mr Brendan Clark is a Western Australian born entrepreneur and philanthropist who commenced his career in real estate and property development. After commercial success at a young age, he relocated to Zambia in 2013 to dedicate his time to his charity, Health Hope Zambia, by developing the country’s largest malnutrition hospital and the country’s largest not-for-profit ambulance and mobile medical clinic service. He is the chief executive officer and co-founder of several Zambian based mining development and exploration companies which have a range of projects from reprocessing high-grade copper and cobalt tailings ore to large scale exploration for base and precious metals. Other current directorships of listed public companies: Nil Former directorships in last three years: Nil Special responsibilities: Nil Interests in shares and options and performance rights 6,666,140 ordinary shares and 1,100,000 performance rights Mr James Bahen Non-Executive Director (Non-executive Chairman from 30 July 2024) Mr James Bahen is a director and equity partner of SmallCap Corporate and chartered secretary who commenced his career in audit and assurance with an international chartered accounting firm. Mr Bahen is currently a non-executive director and company secretary to a number of ASX-listed companies and has a broad range of corporate governance and capital markets experience, having been involved with public company listings, mergers and acquisitions transactions and capital raisings for ASX-listed companies across the resource sector. Mr Bahen is a member of the Governance Institute of Australia and holds a Graduate Diploma of Applied Finance and a Bachelor of Commerce degree majoring in accounting and finance. Other current directorships of listed public companies: Nil Former directorships in last three years: Cosmos Exploration Limited and Amani Gold Limited Special responsibilities: Nil Interests in shares and options and performance rights 2,611,644 ordinary shares and 650,000 performance rights Prof. Kenneth Collerson (appointed 30 July 2024) Non-Executive Director As Emeritus Professor of Earth Sciences at the University of Queensland, Ken Collerson is an internationally recognised and highly cited, geologist and geochemist with technical expertise that focusses on discovery of new ethically sourced supplies of critical minerals. He has expert knowledge of rare earth and critical metal mineral systems as well as trace element and isotope analytical techniques. In the 1980’s as a consultant to Union Oil, Ken showed that the Mount Weld carbonatite, now being exploited by Lynas Rare Earths Limited, was post Archaean in age. He also provided key geochemical consultant services to Pacific Wildcat Resources Corporation for their Mrima Hill carbonatite regolith-hosted REE-Nd deposit in Kenya. Whilst undertaking research in the 1970’s he discovered the peralkaline igneous suite that hosts the Strange Lake heavy REE rich deposit on the border of Labrador and Quebec. Other current directorships of listed public companies: Nil VICTORY METALS LIMITED ACN 124 279 750 Annual Report for the Year Ended 30 June 2026 Directors’ Report Page 9 ACN: 124 279 750 E: info@victorymetalsaustralia.com D: +61 (08) 6557 8656 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 — Former directorships in last three years: Nil Special responsibilities: Nil Interests in shares and options and performance rights 1,533,266 ordinary shares and 500,000 performance rights Mr Robert Featherby Company Secretary Mr Featherby is a Corporate Advisory Executive who holds a Bachelor of Commerce Degree majoring in Finance and Economics. Mr Featherby