Announcement PDF QUARTERLY ACTIVITIES REPORT FOR THE PERIOD ENDING 31st December 2024 HIGHLIGHTS: Bryah Basin Manganese Joint Venture Project (40% JV Interest) • • Engagement with environmental consultant for studies on current JORC resources at the Brumby Creek and Black Hill prospects on recent granted Mining licences Ground Penetrating radar trial conducted on known Mn deposits Bryah Basin Copper-Gold Project (100%) • VTEM geophysical surveys under review by geophysical consultants, Newexco This report summarises the exploration and corporate activities of Bryah Resources Limited (“Bryah” or “the Company”) during the quarter ended 31st December 2024. EXPLORATION ACTIVITIES Bryah Basin Manganese Joint Venture (BYH - 40% JV Interest) Bryah continues to monitor the manganese price and review the metallurgical data following the grant of mining licences within the Bryah Basin Manganese JV. In April 2019, Bryah executed a Manganese Farm-In and Joint Venture Agreement (“JV Agreement”) with OMM, a wholly owned subsidiary of ASX-listed OM Holdings Limited (ASX: OMH). The JV Agreement applies to the rights to manganese only over approximately 600 km2 of the entire tenement package held by the Company in the Bryah Basin. The Manganese JV includes the Horseshoe South Manganese Mine, which is the largest historical manganese mine in the region. Subsequent to period end Bryah confirmed that it would not contribute to the JV and that the earnin would continue from 60% - 70% as per the JV agreement. During the quarter a Ground Penetrating Radar (GPR) trial was conducted over known manganese deposits. The results were variable, finding the top of the known manganese channel deposit in some trial lines but failed to delineate it in other lines. Due to the lithology immediately above the Mn channel changing, it is likely the cause of the differing results as some conductive overlying lithologies dissipates the signal from the GPR. An environmental consultant was engaged during the quarter by the JV to progress the environmental studies as part of the permitting applications. 191B Carr Place Leederville WA 6005 Tel: +61 8 9321 0001 ABN: 59 616 795 245 ASX: BYH bryah.com.au Follow us on social media: Figure 1 Bryah Basin Tenure Two mining licences granted 1 over current JORC resources are located at Brumby Creek and Black Hill prospects. The Manganese Resource has been updated, and a RC drilling program has been completed and reviewed. All the Mineral Resources are now included on granted mining leases.  Mineral Resource includes 0.65 Mt at 20.0% Mn on granted Mining Lease M52/806.  Mineral Resource includes 2.42 Mt at 20.2% Mn on granted Mining Leases M52/1087 and M52/1088.  Over 67 % of the resources are in the Indicated Mineral Resource category.  Indicated Mineral Resources of 2.07Mt at 20.9% Mn and Inferred Mineral Resources of 0.99Mt at 18.6% Mn. August 2023 RC drilling was completed for 98 collars for 2,938 metres at Brumby Creek West, Epona, Redrum, Black Hill North and Gold Trip prospects 2. Mineral Resource estimates are given for Area 74, Redrum, Brumby Creek, Black Hill and Horseshoe prospects. Manganese Resource Recent mineral resource modelling (2023), showed the Inferred and Indicated Bryah Basin Manganese Mineral Resource increased to 3.07 Million Tonnes (Mt) at 20.2% Mn 3 1 ASX: BYH announcement dated 30th September 2023. Quarterly Activities Report. 2 ASX: BYH announcement dated 30th June 2024. Annual Report. 3 ASX: BYH announcement 24th August 2023 ASX: BYH | bryah.com.au 2 Table 1 August 2023 Manganese Mineral Resource at 15% Mn Cut-off 2023 Estimate Prospect kt Mn % Fe % Area 74 286 24.1 21.1 Brumby Creek 1,038 20.6 20.5 295 20.5 23.6 Redrum 429 19.2 22.7 Black Hill 24 29.7 20.2 2,072 20.9 21.5 16 18.0 23.5 276 18.5 24.4 351 19.5 29.9 351 18.0 23.8 Total Inferred 994 18.6 26.1 Total Mineral Resource 3,066 20.2 23.0 Horseshoe Category Indicated Total Indicated Area 74 Brumby Creek Horseshoe Inferred Redrum *Note: Appropriate rounding applied. kt = 1,000 tonnes Gabanintha Project (Mineral Rights – 100%) Bryah holds the rights to all minerals except Vanadium, Uranium, Cobalt, Chromium, Titanium, Lithium, Tantalum, Manganese & Iron Ore (“Excluded Minerals”), which are retained by Australian Vanadium Limited (ASX: AVL). The Gabanintha Project covers approximately 80km2, located ~40km south of Meekatharra in Western Australia. On May 30th 2023, AVL finalised a $49M grant for its Australian Vanadium Project. Part of the grant involves collaboration on realising the significant strategic value of the Ni, Co and Cu within the mine tailings at the Project. Previous metallurgical test work has shown a floatation circuit can make a sulphide concentrate of up to 6.3% base metals copper, cobalt and nickel4. Importantly, throughout the BFS, AVL has provisioned space in the plant design for the floatation circuit. Bryah benefits from the portion of the grant to finalise studies, and benefits from the whole grant as it moves AVL closer to developing the Australian Vanadium Project. Australian Vanadium (ASX:AVL) completed a Bankable Feasibility Study in December 2021 on their Australian Vanadium Project, where Bryah updated the Cu, Ni and Co resource based on the pit designs in May 2022. 4 ASX: BYH announcement dated 1st June 2021 ’31.3 Million Tonne Nickel-Copper-Cobalt Mineral Resource at Gabanintha’ ASX: BYH | bryah.com.au 3 JORC Resource Cu Ni An Indicated and Inferred Base Metal Mineral Resource for the Project has been reported within the high-grade vanadium domain, beneath the base of sulphide weathering, in the areas of highest drill density (80 – 140 metre spaced drill lines with 30 metre drill centres). Base metals are potentially economically recoverable as a sulphide flotation of the tails produced through beneficiation of the vanadium ore. Due to the reliance on concentration of the base metals into the non-magnetic tails through beneficiation of the vanadium ore, the Indicated Mineral Resource is restricted to the highgrade domain within the pit optimisations from AVL’s Bankable Feasibility study (BFS). Inferred Mineral Resource is located beneath the optimised pits in the vanadium high-grade domain within classified vanadium Mineral Resources. Table 2 below outlines the resource by pit area. Table 2 May 2022 Base Metals Mineral Resource Inventory at the Australian Vanadium Project 5 2022 Base Metals Resource Area Classification Million Tonnes (Mt) Ni ppm Cu ppm Co ppm S% In Pit North Indicated 7.6 719 211 227 0.20 In Pit Central Indicated 4.6 775 191 228 0.23 In Pit South Indicated 3.8 834 220 264 0.11 Total In Pits INDICATED 16.1 762 207 236 0.19 Under North Pit Inferred 8.0 710 202 180 0.20 Under Central Pit Inferred 3.5 755 197 231 0.25 Under and within South Pit Inferred 8.4 834 236 268 0.15 Total Under Pits INFERRED 19.9 770 216 226 0.19 Total Base Metals Resource GLOBAL 36.0 766 212 231 0.19 The Indicated Mineral Resources portion is 16.1 Mt at 762 ppm Nickel, 207 ppm Copper and 236 ppm Cobalt. This part of the resource falls entirely within the existing pit designs for the proposed 25 year mine-life vanadium project and is expected to be processed through the 1.6 Mt per annum crushing, milling and beneficiation plant. The remaining Inferred Mineral Resource lies within the classified vanadium resource in the highgrade domain beneath the base of each of the designed pits where pit optimisations are currently drill limited, highlighting the potential for future production. Bryah Basin Copper-Gold Project (BYH – 100%) The Bryah Basin project covers approximately 1,048km2 in central Western Australia. The project is located close to several mining operations including the high-grade Volcanogenic Massive Sulphide 5 ASX: BYH announcement dated 25th May 2022 ASX: BYH | bryah.com.au 4 (VMS) DeGrussa copper-gold mine operated by Sandfire Resources NL (ASX: SFR) until May 2023 and the Fortnum gold mine operated by Westgold Resources Limited (ASX: WGX). Bryah’s tenements cover large areas of under-explored ground adjacent to the copper-gold deposit at Horseshoe Lights, which is hosted in similar aged volcanic and sedimentary rocks to the DeGrussa copper-gold mine. The Bryah Basin also has several historical and current manganese mines including the Company’s Horseshoe South Manganese Mine. Figure 2 Bryah Basin Project Location Plan The tenements are underlain by the Padbury and Bryah Group, consisting of the Labouchere formation and Horseshoe formation respectively, of which are known to host copper and gold deposits in the Bryah Basin and the greater district. Bryah Resources are currently reviewing and refining geophysical survey data, recent exploration activities and historical datasets, highlighting new target potentials. ASX: BYH | bryah.com.au 5 CORPORATE ACTIVITIES Capital Structure As at 31st December 2024, the Company had 503,286,856 ordinary shares on issue, 94,531,681 listed options exercisable at $0.035 expiring 1/12/2025, 2,000,000 unlisted options exercisable at $0.054 expiring 12/08/2025 and 22,611,111 unlisted options exercisable at $0.012 expiring 02/07/2027 6. Cash Position As at 31st December 2024, the Company had $290,000 (30th September 2024: $544,000) in cash. Additional ASX Information During the quarter the Company spent $116k on exploration and evaluation. Of the $116k, $77k related to quarterly geological staff expenditure rates, with the balance of expenditure allocated between annual tenement rental payments, shire rates, tenement management and general exploration expenditure. No production and development activities were undertaken during the quarter. The aggregate amount of payments to related parties and their associates included in Section 6.1 of the Appendix 5B cash flows from operating activities was $55k for Directors’ fees. The board of directors of Bryah Resources Limited has authorised this announcement to be given to the ASX. For further information, please contact: Ashley Jones Chief Executive Officer Tel: +61 8 9321 0001 6 ASX: BYH announcement dated 2nd July 2024 ASX: BYH | bryah.com.au 6 Table 3: Tenement Information Tenement Information as Required by Listing Rule 5.3.3 For the Quarter Ended 31st December 2024 Location Project Tenements Western Australia Gabanintha Western Australia Bryah Basin E51/843 E51/1534 M51/878 E52/3014 E52/3236 E52/3237 E52/3238 E52/3240 E52/3349 E52/3401 E52/3453 E52/3454 E52/3508 E52/3700 E52/3705 E52/3726 E52/3703 E52/3725 E52/3848 E52/3898 E52/3963 M52/1068 E52/1557 E52/1860 M52/806 E52/ 4096 P52/1659 M52/1087 M52/1088 E52/4178 E63/2132 E63/2134 E63/2135 E63/2156 E63/2157 E63/2158 E63/2159 E63/2361 Western Australia Lake Johnston Economic Interest 100%3,4 100%3,4 100%3,4 100% 100%1,5 100%1,5 100%5 100%1,5 100%1 100%1,6 100%6 100%6 100%1 100% 100% 100% 100% 100% 100% 100% 100%1 49%1,2 49%1,2 49%1,2 100%1 100% 1 100%1 100%1,5 100%1,5 100%1 100% 100% 100% 100% 100% 100% 100% 100% Notes Manganese Rights only Manganese Rights only Manganese Rights only Change in Quarter % Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Note 1: OM (Manganese) Limited has earned a 51% interest in the Manganese Mineral Rights only on these tenements (southern portion of E52/3236 only). Bryah retains 100% rights to all other minerals on these tenements. Note 2: Bryah Resources Limited holds the Mineral Rights to prospect, explore, mine and develop manganese ore (Manganese Mineral Rights) only. Annual expenditure commitment obligations remain with the primary tenement holder. Note 3: Bryah Resources holds the Mineral Rights for all minerals except V/U/Co/Cr/Ti/Li/Ta/Mn & iron ore only. Australian Vanadium Limited retains 100% rights in V/U/Co/Cr/Ti/Li/Ta/Mn & iron ore on the Gabanintha Project. Annual expenditure commitment obligations remain with Australian Vanadium Limited. Note 4: Australian Vanadium Limited retains a 0.75% Net Smelter Return Royalty. Note 5: Pet FC Pty Limited retains a 0.75% Net Smelter Return Royalty. Note 6: Jalein Pty Limited retains a 0.75% Net Smelter Return Royalty. ASX: BYH | bryah.com.au 7 About Bryah Resources Limited Bryah’s assets are all located in Western Australia, a Tier One global mining and exploration jurisdiction. Strategically the Projects are energy metals focused, or able to exploit synergies of geological knowledge, locality and exploration. The Lake Johnston tenements are prospective for battery metals lithium and nickel. The corridor near Lake Johnston contains significant mines and discoveries of nickel and lithium, including the historical Maggie Hays/Emily Ann nickel deposits and the TG Metals Burmeister Project and Charger Metals’ Medcalf Prospect. The prospective Bryah Basin licences cover approximately 890km2 and have a potential new Volcanogenic Massive Sulphide (VMS) ‘Horseshoe Lights type’ mine analogue with multiple other untested targets. The area also contains extensive outcroppings of manganese, the subject of a substantial $7M joint venture with ASX listed OM Holdings Limited (ASX: OMH). OMH is a vertically integrated manganese producer and refiner. Bryah and OMH have an excellent working relationship, with OMH having already spent over $4.5 million to earn-in to the Manganese Rights of the Project. Gabanintha, near Meekatharra, has a JORC 2012 Mineral Resource for Cu, Ni, Co2 and additional structural gold potential. The copper nickel resource and identified gold mineralisation at Gabanintha will be the subject of further drill definition and a prefeasibility study to integrate the project with the Australian Vanadium Project (ASX: AVL). The resource has been defined by the drilling efforts of AVL in the development of its vanadium project and enabled Bryah to define a base metal resources inventory. Bryah’s base metals inventory at Gabanintha and manganese JV in the Bryah Basin have a clear pathway to production. Bryah holds 9.3% of gold focused Star Minerals (ASX:SMS). Star has a Mineral Resource at Tumblegum South and exploration prospects in the West Bryah Basin and has recently entered a Earn-In agreement on the Cobra uranium project in Namibia. ASX: BYH | bryah.com.au 8 Competent Persons Statement – Exploration Results The information in this announcement that relates to exploration results in respect of the Permit is based on information compiled by Mr Ashley Jones, who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and is the CEO of Bryah Resources. Mr Jones has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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’. Mr Jones consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Where the Company refers to Exploration Results in this announcement (referencing previous releases made to the ASX), the Company is not aware of any new information or data that materially affects the information included in the relevant market announcements. Competent Person Statement — Mineral Resource Estimations The information in this announcement that relates to Gabanintha Base metals Mineral Resources (see BYH ASX announcement dated 25th May 2022) is based on and fairly represents information compiled by Mr Lauritz Barnes, (Consultant with Trepanier Pty Ltd) and Mr Brian Davis (Consultant with Geologica Pty Ltd). Mr Barnes and Mr Davis are both members of the Australasian Institute of Mining and Metallurgy (AusIMM) and the Australian Institute of Geoscientists (AIG). Both have sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Specifically, Mr Barnes is the Competent Person for the estimation and Mr Davis is the Competent Person for the database, geological model and site visits. Mr Barnes and Mr Davis consent to the inclusion in this announcement of the matters based on their information in the form and context in which they appear. The information in this announcement that relates to Mineral Resources is based on and fairly represents information compiled by Mr Lauritz Barnes, (Consultant with Trepanier Pty Ltd), and Ms Gemma Lee (Consultant to Bryah Resources Limited). Mr Barnes and Ms Lee are members of the Australasian Institute of Mining and Metallurgy (AusIMM) and/or the Australian Institute of Geoscientists (AIG). Both have sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Specifically, Ms Lee is the Competent Person for the geological model and site visits and for the geological database. Mr Barnes is the Competent Person for the estimation. Mr Barnes, and Ms Lee consent to the inclusion in this announcement of the matters based on their information in the form and context in which they appear. The Company confirms that it is not aware of any new information or data that materially affects the information included in these announcements and all material assumptions and technical parameters underpinning the Mineral Resource estimates with those announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not materially changed from the original announcement. ASX: BYH | bryah.com.au 9 Forward Looking Statements This report may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on the Company’s current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Readers should not place undue reliance on forward looking information. The Company does not undertake any obligation to release publicly any revisions to any “forward looking statement” to reflect events or circumstances after the date of this report, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. ASX: BYH | bryah.com.au 10 Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity BRYAH RESOURCES LIMITED ABN Quarter ended (“current quarter”) 59 616 795 245 31 DECEMBER 2024 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 (6 months) $A’000 - - (116) (7) (b) development - - (c) production - - (d) staff costs (34) (74) (e) administration and corporate costs (115) (360) (a) exploration & evaluation 1.3 Dividends received (see note 3) - - 1.4 Interest received 3 12 1.5 Interest and other costs of finance paid (1) (1) 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other 9 31 1.9 Net cash from / (used in) operating activities (254) (399) 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 - - (e) investments - - (f) - - 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 (6 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 details if material) - - 2.6 Net cash from / (used in) investing activities - - 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) - 100 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 - (8) 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 - 92 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 544 597 4.2 Net cash from / (used in) operating activities (item 1.9 above) (254) (399) 4.3 Net cash from / (used in) investing activities (item 2.6 above) - - 4.4 Net cash from / (used in) financing activities (item 3.10 above) - 92 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 Current quarter $A’000 Year to date (6 months) $A’000 4.5 Effect of movement in exchange rates on cash held - - 4.6 Cash and cash equivalents at end of period 290 290 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 290 544 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) 290 544 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 55 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. 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)) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (254) 8.4 Cash and cash equivalents at quarter end (item 4.6) 290 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) - $A’000 (254) - 290 1.142 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: Yes. The Company anticipates raising additional capital. The Company has been successful raising capital in the past. 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: Yes. On the basis that new capital will be obtained. 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: 24 January 2025 Authorised by: By the Board (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