Targeting Initial ‘Stage 1' DFS & Ore Reserves conversion by H2 CY 2026

HIGHLIGHTS

• DFS underway following dual Challenger JORC (2012) Mineral Resources upgrades to 313koz Au, targeting JORC (2012) Ore Reserves conversion and a ‘Stage 1’ DFS by H2 CY 2026¹

• DFS objective to model a viable, simplified ‘baseline’ Stage 1 operation to underwrite restart of CGM and maximise Challenger, Tarcoola, Wudinna & Tolmer development optionality

• Following the recent completion of 8,065m reverse circulation (RC) Resource upgrade drilling, a total of 1,322m diamond drilling (DD) completed for open pit design and metallurgical optimisation²

• First assays from recently completed Resource upgrade RC drilling expected imminently²

¹ Refer to ASX announcements dated 30 June and 8 / 28 September 2025

² Refer to ASX announcements dated 2 February, 26 March 2026

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