Announcement PDF QUARTERLY REPORT FOR THE PERIOD ENDING 31 December 2021 ASX: AGE 30 September 2026 2 info@alligatorenergy.com.au | www.alligatorenergy.com.au | +61 (0) 8 7092 6230 ABN 79 140 575 604 | Level 1, 5-7 King William Road, Unley SA, 5061 | Page 2 of 12 Samphire Field Recovery Trial results, Mullaquana drilling extends mineralisation and $17.1 million capital raising strengthens balance sheet Alligator Energy Limited (Alligator, the Company or ASX:AGE) presents its quarterly activities report and Appendix 5B quarterly cash flow report for the quarter ended 30 September 2026. All amounts are in Australian dollars unless stated otherwise. Highlights • Drilling commenced on the Mullaquana Crown Lease in early July 20261, with the c. 250-hole program intersecting uranium mineralisation c. 700 m south of previous drilling2 and subsequent drilling extending the trend to c. 1.3 km, as reported on 7 October 20263. • Blackbush and Plumbush infill drilling, with the aim of improving resource quality: o at Blackbush, results for 108 delineation holes drilled since the last Mineral Resource Estimate were reported, with drill spacing as close as 25 m × 25 m; and o at Plumbush, 62 drill holes, the first at the deposit since 2011, returned results consistent with the Inferred Mineral Resource, with the aim of converting it to Indicated. • Samphire Field Recovery Trial results reported4, with uranium leached, captured by ion exchange and eluted from both test well patterns, including Pattern 2 in the lower-grade margin of Blackbush. Results are being incorporated into the Samphire Feasibility Study. • Big Lake drilling intersected further uranium mineralisation at Site 10 associated with a roll-front redox boundary, with similar oxidised and reduced sands intersected 6 km to the south5. • $18.7 million in cash inflows during the quarter: $15.9 million from the $17.1 million (before costs) capital raising at $0.045 per share, comprising a $15 million placement to institutional and sophisticated investors and a $2.1 million Share Purchase Plan; $1.75 million in final escrowed proceeds from the divestment of the Northern Territory uranium assets to DevEx Resources Limited; and $1.05 million in R&D Tax Incentive refunds. • Quarter-end cash and cash equivalents of $25.4 million. MD & CEO Statement Commenting on the September 2026 quarter, Alligator’s MD & CEO, Dr Andrea Marsland-Smith, said: The September quarter was one of strong delivery for Alligator. Securing access to the Mullaquana Crown Lease for extensional drilling is proving that significant uranium mineralisation exists well south of the known extent of Blackbush, with infill drilling at Plumbush reinforcing the June Mineral Resource upgrade. At Big Lake, drilling at Site 10 has given us a clearer picture of the roll-front system and its potential scale. 1 ASX Release 8 Jul 2026 - Samphire Extensional Drilling Commences, https://alligatorenergy.com.au/announcements/7622554 2 ASX Release 28 Jul 2026 - Drilling Extends Uranium Mineralisation South of Blackbush, https://alligatorenergy.com.au/announcements/7653188 3 ASX Release 7 Oct 2026 - Drilling Extends Area of Mineralisation at Samphire, https://alligatorenergy.com.au/announcements/7774437 Intervals are downhole widths. eU3O8 grades are equivalent uranium grades from calibrated downhole gamma logging, not chemical assays. GT is grade-thickness, the interval thickness (m) multiplied by its eU3O8 grade (ppm). 4 ASX Release 28 Jul 2026 - Samphire Field Recovery Trial Successfully Completed, https://alligatorenergy.com.au/announcements/7653181 5 ASX Release 24 Aug 2026 - Further Uranium Mineralisation Intersected at Big Lake, https://alligatorenergy.com.au/announcements/7697259 Intervals are downhole widths. eU3O8 grades are equivalent uranium grades from calibrated downhole gamma logging, not chemical assays. 3 info@alligatorenergy.com.au | www.alligatorenergy.com.au | +61 (0) 8 7092 6230 ABN 79 140 575 604 | Level 1, 5-7 King William Road, Unley SA, 5061 | Page 3 of 12 The Samphire Field Recovery Trial results have provided us with the information needed for the Feasibility Study engineering studies. The strong support for our capital raising from institutional, high-net-worth and existing investors, together with receipt of the final escrowed Northern Territory sale proceeds and our R&D Tax Incentive refund, brought in $18.7 million in cash inflows during the quarter. This places Alligator in a stronger position to expand the Samphire resource base, progress the Mining Lease Application and Feasibility Study. Samphire Uranium Project About the Project Samphire Uranium Project has a combined Indicated and Inferred Mineral Resource of 30 Mlb U3O8, comprising 18 Mlb U3O8 at Blackbush6 and 12 Mlb U3O8 at Plumbush7 (Appendix 1). Samphire has an Exploration Target of 10-35 Mlb U3O8 (13-26 Mt at 332-922 ppm U3O8) across the Blackbush extensions and the North-eastern and Eastern Channels, excluding the Blackbush and Plumbush Mineral Resources8. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource for the areas covered by the Exploration Target, and it is uncertain if further exploration will result in the estimation of a Mineral Resource in those areas. The Blackbush-Plumbush Corridor is located on the Mullaquana Crown Lease and is the area between the Blackbush and Plumbush deposits. The distance between the closest edge of the two deposits is approximately 3 km. Drilling commenced on the Blackbush-Plumbush Corridor in early July 2026, marking the first exploration activity in the area since 2011. The c. 250-hole program, running from July to December 20269, targets growth of the Mineral Resource by: • testing the Blackbush-Plumbush Corridor; and • infill drilling the Blackbush and Plumbush deposits to improve resource quality (Figure 1). Two rigs are operating on a continuous day-shift basis, with 122 holes for more than 12,500 m reported for the program as at 7 October 2026. 6 ASX Release 6 May 2025 - Increased Mineral Resource Estimate - Blackbush Deposit, https://alligatorenergy.com.au/announcements/6942606 7 ASX Release 19 Jun 2026 - Samphire Resource Increases By 67%, https://alligatorenergy.com.au/announcements/7591585 8 ASX Release 7 Dec 2023 - Significant Exploration Target Range Established - Samphire, https://alligatorenergy.com.au/announcements/5456269 The range excludes the Plumbush target area, now a Mineral Resource, and was estimated in accordance with Clause 17 of the JORC Code. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource for the areas covered by the Exploration Target, and it is uncertain if further exploration will result in the estimation of a Mineral Resource in those areas. 9 Expected final drill hole number has been revised from c. 300 to c. 250 due to challenging drilling conditions. 4 info@alligatorenergy.com.au | www.alligatorenergy.com.au | +61 (0) 8 7092 6230 ABN 79 140 575 604 | Level 1, 5-7 King William Road, Unley SA, 5061 | Page 4 of 12 Figure 1: Mullaquana Crown Lease location showing the relative positions of the Blackbush and Plumbush deposits Activities During the Period Blackbush-Plumbush Corridor Drilling on newly accessible ground successfully extended known uranium mineralisation c. 700 m south of previous drilling. Further drilling, reported on 7 October 2026, intersected mineralisation within Kanaka bed sand units further south, extending the trend to c. 1.3 km. These results demonstrate continuation of the mineralised system beyond the current Mineral Resource footprint and support the potential for future Mineral Resource growth. Significant intercepts include: • BBRM26-482: 5.0 m at 0.13% (1,299 ppm) eU3O8 from 63.6 m (GT 6,495 m.ppm) • BBRM26-484: 2.4 m at 0.20% (2,025 ppm) eU3O8 from 61.0 m (GT 4,818 m.ppm) • BBRM26-590: 5.2 m at 0.15% (1,498 ppm) eU3O8 from 64.7 m (GT 7,820 m.ppm) • BBRM26-592: 6.6 m at 0.12% (1,245 ppm) eU3O8 from 62.7 m (GT 8,214 m.ppm) Infill Drilling The infill drilling program should improve the quality of the Mineral Resources. • At Blackbush, the 28 July 2026 release reported 108 delineation holes drilled within the existing Mineral Resource area since the last Mineral Resource Estimate, at spacings as close as 25 m × 25 m, with results correlating well with the current Mineral Resource model. • At Plumbush, in the first drilling at the deposit since 2011, results from the 62 holes reported across the 28 July and 7 October 2026 releases correlate well with the historical drilling. 5 info@alligatorenergy.com.au | www.alligatorenergy.com.au | +61 (0) 8 7092 6230 ABN 79 140 575 604 | Level 1, 5-7 King William Road, Unley SA, 5061 | Page 5 of 12 Figure 2: Samphire drilling results from Blackbush to Plumbush Drilling is planned to continue until late in the December 2026 quarter, with results to be incorporated into the planned Samphire Mineral Resource update in Q4 FY2027. Field Recovery Trial Results of the Samphire Field Recovery Trial were reported on 28 July 2026. Uranium was leached by in-situ recovery (ISR) from two test well patterns and subsequently captured by resin ion exchange and eluted, stripped, recovering uranium through the complete process flow sheet under field conditions and providing inputs to the Feasibility Study. Pattern 1, which is representative of the areas of the Blackbush deposit targeted for future wellfield development, was reported during the June quarter10. It achieved c. 70% uranium recovery at c. 70 pore volume exchanges (PVE), with flow rates and pregnant liquor grades in line with ISR industry benchmarks. 10 ASX Release 5 May 2026 - Outstanding Results From First Well Test Pattern, https://alligatorenergy.com.au/announcements/7521138 6 info@alligatorenergy.com.au | www.alligatorenergy.com.au | +61 (0) 8 7092 6230 ABN 79 140 575 604 | Level 1, 5-7 King William Road, Unley SA, 5061 | Page 6 of 12 Pattern 2 tested a lower-grade, lower-permeability area at the margin of the Blackbush deposit. It reached c. 17% recovery after 15 PVE over 54 days, a trend which, if extrapolated, would be consistent with reaching c. 70% by c. 70 PVE. Figure 3: Samphire Field Recovery Trial plant in full operation (looking north) Feasibility Study The Feasibility Study continued during the quarter. Field Recovery Trial results are being incorporated into its design criteria and the next stage of wellfield planning, and delineation drilling at Blackbush is supporting detailed mine planning. In accordance with Listing Rule 5.3.2, there were no substantive mining production and development activities during the quarter. Big Lake Uranium Project Thirty-three aircore holes for 4,112 m had been completed as at the 24 August 2026 update as part of the 2026 drilling program at the Big Lake Uranium Project (Big Lake) in South Australia’s Lake Eyre Basin. Follow- up drilling west and north-west of Site 10 intersected further uranium mineralisation associated with the interpreted redox boundary between oxidised and reduced sands, supporting the interpretation that the 2024 discovery forms part of a larger roll-front system 75-120 m below surface. Key intercepts, reported above a 100 ppm eU3O8 cut-off, include 1.9 m at 0.032% (320 ppm) eU3O8 from 100.9 m in AC26-009 and 1.0 m at 0.018% (180 ppm) eU3O8 from 98.1 m in AC26-006. Regional drilling 6 km south of Site 10 intersected similar oxidised and reduced sands at comparable depths, and the prospective host formation remains open to the south-east and is interpreted from seismic data to extend a further c. 12 km. Further drilling at Site 10 and across the central area of EL6367, and a heritage survey for access to new prospective areas across the wider tenement portfolio, are planned. Results from the final 33 holes of the 2026 program are expected to be announced in November 2026. EnviroCopper Limited (15.6% interest) Alligator maintained its 15.6% interest in EnviroCopper Limited (ECL) during the quarter. ECL continued its in- situ recovery trial at Kapunda and progressed testwork and preparations for a field trial at its Alford project. Corporate Corporate matters that occurred during the quarter included: • Firm commitments received on 6 August 2026 for a $15 million (before costs) placement of 333,333,334 new shares at $0.045 per share to institutional and sophisticated investors under Alligator’s Listing Rule 7 info@alligatorenergy.com.au | www.alligatorenergy.com.au | +61 (0) 8 7092 6230 ABN 79 140 575 604 | Level 1, 5-7 King William Road, Unley SA, 5061 | Page 7 of 12 7.1 capacity, with Canaccord Genuity (Australia) Limited and Taylor Collison Limited acting as Joint Lead Managers; • Completion of a Share Purchase Plan at $0.045 per share, offered to eligible shareholders, which closed on 3 September 2026 and raised $2,121,000 (before costs) through the issue of 47,133,479 new shares on 10 September 2026; and • Receipt of $1.75 million in escrowed sale proceeds from the divestment of Alligator’s Northern Territory uranium assets to DevEx Resources Limited, following renewal of the exploration access agreement covering EL24921 and EL24922 at Tin Camp Creek. During the quarter Alligator: • Received $18.7 million of cash inflows, comprising $15.9 million from the capital raising after costs, $1.75 million in final escrowed Northern Territory sale proceeds and $1.05 million in R&D Tax Incentive refunds; • Invested $4.9 million in exploration and evaluation activities; and • Made payments of $199,000 to related parties, comprising non-executive director fees and the Managing Director & CEO’s salary and superannuation, as disclosed in item 6.1 of the Appendix 5B. Alligator recorded a net operating cash outflow of $0.9 million and ended the quarter with cash and cash equivalents of $25.4 million. As at 30 September 2026 Cash Balance $25.4M Fully Paid Ordinary Shares (AGE) 4,833.7M Listed Options 4.7c (Exp 08/09/27) (AGEOD) 278.2M Unlisted Director & Employee Incentive Performance Options 39.9M Unlisted options are shown after the lapse of 1,367,934 options notified in the Appendix 3H of 1 October 2026. This announcement was authorised for release by the Board of Alligator Energy Ltd. Engage with this announcement at the Alligator Energy InvestorHub. Contacts: For more information, please contact: Scott Ramsay Investor Relations 0467 670 671 Jeffrey Sterlson General Manager - Government Relations, Communications and Public Affairs js@alligatorenergy.com.au About the Company Alligator is a uranium project development and exploration company with projects that it believes have clear pathways for approval and development. The Alligator Directors and Leadership Team have significant uranium experience, including uranium ISR operations at Beverley and Four Mile (Heathgate Resources), achieving approval of WA’s first uranium mine at the Wiluna Uranium Project (Toro Energy), and senior management roles with WMC Olympic Dam and ERA Ranger Mine. 8 info@alligatorenergy.com.au | www.alligatorenergy.com.au | +61 (0) 8 7092 6230 ABN 79 140 575 604 | Level 1, 5-7 King William Road, Unley SA, 5061 | Page 8 of 12 Projects The Samphire Uranium Project is Alligator’s most advanced asset, comprising the Blackbush and Plumbush uranium deposits in Pirie Basin sediments c. 20 km south-west of Whyalla in South Australia. It has a combined Indicated and Inferred Mineral Resource of 30 Mlb U3O8. Tenements are wholly owned by Alligator. The Big Lake Uranium Project lies over the northern extensions of the uranium-bearing sedimentary system that hosts the Beverley, Four Mile and Honeymoon ISR uranium operations in South Australia. It is in the Cooper Basin, north-east SA and exhibits geological characteristics associated with other hydrocarbon-related ISR uranium districts. No Mineral Resource has been estimated for the project as Big Lake is at an early stage of exploration. Tenements are wholly owned by Alligator. Figure 4: Alligator Energy projects 9 info@alligatorenergy.com.au | www.alligatorenergy.com.au | +61 (0) 8 7092 6230 ABN 79 140 575 604 | Level 1, 5-7 King William Road, Unley SA, 5061 | Page 9 of 12 Appendix 1: Samphire Mineral Resource Summary11 Tonnage (Mt) Grade (U3O8 ppm) U3O8 metal (Mlb) Blackbush6 Indicated 8.2 786 14.2 Inferred 3.9 443 3.8 Plumbush7 Inferred 14.9 370 12.0 Total 30.0 11 Mineral Resources as at 30 June 2026, on a 100% basis. Figures are rounded and totals may not sum. Blackbush is reported above a 250 ppm U3O8 cut-off. Plumbush is reported above a grade-thickness cut-off of 400 m.ppm and a 140 ppm eU3O8 grade cut-off, constrained to ISR-amenable facies. The two estimates are on different cut-off bases, so no combined average grade is reported. Refer to the Competent Person Statement in Appendix 2. 10 info@alligatorenergy.com.au | www.alligatorenergy.com.au | +61 (0) 8 7092 6230 ABN 79 140 575 604 | Level 1, 5-7 King William Road, Unley SA, 5061 | Page 10 of 12 Appendix 2: Competent Person Statement The information in this report that relates to Exploration Results and the Exploration Target range for the Samphire Uranium Project near Whyalla, South Australia, and the Big Lake Uranium Project in the Cooper Basin, South Australia, is based on and fairly represents information compiled by Mr Nick Jervis-Bardy, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM No. 3088924). Mr Jervis-Bardy is employed full time by Alligator as Geoscience Lead and holds securities in Alligator. He has sufficient experience relevant to the style of mineralisation and type of deposit under consideration (including 5 years in ISR uranium mining operations and technical work), and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Jervis- Bardy consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. The information in this report that relates to the Blackbush and Plumbush Mineral Resources is extracted from the announcements of 6 May 2025 and 19 June 2026, as identified in the footnotes to Appendix 1. Previous Announcements Alligator 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, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in those announcements continue to apply and have not materially changed. Alligator confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements. 11 info@alligatorenergy.com.au | www.alligatorenergy.com.au | +61 (0) 8 7092 6230 ABN 79 140 575 604 | Level 1, 5-7 King William Road, Unley SA, 5061 | Page 11 of 12 Appendix 3: Alligator Group Tenure Holdings at Quarter End The following information is provided pursuant to Listing Rule 5.3.3. No tenements were acquired or disposed of during the quarter. Alligator held no beneficial interests in farm-in or farm-out agreements at the end of the quarter, and no such interests were acquired or disposed of during the quarter. Licence Number Tenement Name Ownership Interest Area (km2 ) Status Eyre Peninsula (SA) Uranium EL5926 Samphire S Uranium Pty Ltd 100 332 Granted EL6350 Samphire S Uranium Pty Ltd 100 38 Granted EL6835 Samphire S Uranium Pty Ltd 100 61 Granted EL6901 Samphire S Uranium Pty Ltd 100 119 Granted Cooper Basin (SA) Uranium EL6367 Big Lake Big Lake Uranium Pty Ltd 100 818 Granted EL6847 Big Lake Big Lake Uranium Pty Ltd 100 841 Granted EL6848 Big Lake Big Lake Uranium Pty Ltd 100 877 Granted EL6849 Big Lake Big Lake Uranium Pty Ltd 100 978 Granted EL6902 Big Lake Big Lake Uranium Pty Ltd 100 939 Granted EL6903 Big Lake Big Lake Uranium Pty Ltd 100 994 Granted EL6904 Big Lake Big Lake Uranium Pty Ltd 100 975 Granted Northern Territory EL31452, EL31453, EL31454 Various Alligator Energy Ltd 100 133 Applications 12 info@alligatorenergy.com.au | www.alligatorenergy.com.au | +61 (0) 8 7092 6230 ABN 79 140 575 604 | Level 1, 5-7 King William Road, Unley SA, 5061 | Page 12 of 12 Appendix 4: Forward-Looking Statements This announcement contains or may contain certain forward-looking statements and comments about future events that are based on Alligator’s beliefs, assumptions and expectations and on information currently available to the Board and management as at the date of this announcement. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as “may”, “will”, “expect”, “plan”, “believe”, “estimate”, “anticipate”, “outlook” and “guidance”, or similar expressions, and may include, without limitation, statements regarding plans, strategies and objectives of the Board and management, anticipated production and production potential, financial forecasts, product quality, estimates of future Mineral Resources and Ore Reserves, and the timing and outcome of drilling programs, Mineral Resource updates, the Feasibility Study, permitting and approvals, offtake and project financing. Such statements are only expectations or beliefs and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed or implied in this announcement. Where Alligator expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and on a reasonable basis. No representation or warranty, express or implied, is made by Alligator that the matters stated in this announcement will in fact be achieved or prove to be correct. Except as required by law or the ASX Listing Rules, Alligator undertakes no obligation to provide any additional or updated information or update any forward-looking statements, whether as a result of new information, future events, results or otherwise. Readers are cautioned against placing undue reliance on forward-looking statements. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of Alligator, its directors and management. These factors include, but are not limited to, difficulties in forecasting expected production quantities, the potential that any of Alligator’s projects may experience technical, geological, metallurgical and mechanical problems, changes in market prices and other risks not anticipated by Alligator, changes in exchange rate assumptions, changes in product pricing assumptions, major changes in mine plans and/or resources, changes in equipment life or capability, emergence of previously underestimated technical challenges, increased costs, demand for production inputs, drilling conditions and contractor availability, the timing and outcome of regulatory approvals, tenure and land access (including the Mullaquana Crown Lease option), the availability of funding on acceptable terms, and uranium price volatility. Past performance, including past exploration and Field Recovery Trial results, is not a reliable indicator of future performance. Rule 5.5 ASX Listing Rules Appendix 5B (17/07/20) Page 1 + See chapter 19 of the ASX Listing Rules for defined terms. Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Alligator Energy Limited ABN Quarter ended (“current quarter”) 79 140 575 604 30 September 2026 Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 1. Cash flows from operating activities - - 1.1 Receipts from customers 1.2 Payments for - - (a) exploration & evaluation (b) development - - (c) production - - (d) staff costs (559) (559) (e) administration and corporate costs (950) (950) 1.3 Dividends received (see note 3) - - 1.4 Interest received 235 235 1.5 Interest and other costs of finance paid (7) (7) 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other - research & development refund 427 427 1.9 Net cash from / (used in) operating activities (854) (854) 2. Cash flows from investing activities - - 2.1 Payments to acquire or for: (a) entities (b) tenements - - (c) property, plant and equipment (16) (16) (d) exploration & evaluation (4,940) (4,940) (e) investments - - (f) other non-current assets - - Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 2 + See chapter 19 of the ASX Listing Rules for defined terms. Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 2.2 Proceeds from the disposal of: 1,750 1,750 (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 - research & development refund, bonds and fuel tax credits 626 626 2.6 Net cash from / (used in) investing activities (2,580) (2,580) 3. Cash flows from financing activities 17,121 17,121 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 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 (1,181) (1,181) 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 (lease payments) (5) (5) 3.10 Net cash from / (used in) financing activities 15,935 15,935 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 12,934 12,934 4.2 Net cash from / (used in) operating activities (item 1.9 above) (854) (854) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (2,580) (2,580) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 15,935 15,935 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 3 + See chapter 19 of the ASX Listing Rules for defined terms. Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 4.5 Effect of movement in exchange rates on cash held - - 4.6 Cash and cash equivalents at end of period 25,435 25,435 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 3,935 5,934 5.2 Call deposits 21,500 7,000 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) 25,435 12,934 6. Payments to related parties of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 199 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - 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. Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 4 + See chapter 19 of the ASX Listing Rules for defined terms. 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 $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) (854) 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (4,940) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (5,794) 8.4 Cash and cash equivalents at quarter end (item 4.6) 25,435 8.5 Unused finance facilities available at quarter end (item 7.5) - 8.6 Total available funding (item 8.4 + item 8.5) 25,435 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 4 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 Appendix 5B Minin