Announcement PDF ASX Announcement 19 June 2026 Highlights: • Maiden Inferred Mineral Resource Estimate (MRE) of 12 Mlbs U₃O₈ defined at the Plumbush Deposit, located 5 km south of the existing 18 Mlbs U3O8 MRE at Blackbush1 . • Combined Samphire Project MRE increased by 67% from 18 Mlbs to 30 Mlbs U₃O₈. • The Plumbush MRE provides support for the 14 to 75 Mlbs U₃O₈ Samphire Exploration Target previously reported by Alligator2 , representing a significant step towards converting that target into defined Mineral Resources. • Aggressive drilling program planned for remainder of 2026, targeting further growth in the MRE, with an updated MRE anticipated in early 2027 to feed into the BFS currently underway. Alligator Energy Ltd (ASX:AGE, ‘Alligator’ or ‘the Company’) is pleased to announce its maiden Inferred Mineral Resource Estimate (MRE) of 12 Mlbs at the Plumbush Deposit (Plumbush), located within 5 km south of the Blackbush Deposit (Blackbush), within the Company’s 100% owned Samphire Project (Project). The addition of Plumbush (Figure 1) to the Samphire Project’s resource base significantly enhances the scale and potential continuity of the Project, increasing the total MRE by 67% from 18 Mlbs to 30 Mlbs, all of which has been deemed amenable to in-situ recovery. The Plumbush MRE highlights the prospectivity of the broader Samphire tenure, provides early validation of Alligator’s previously reported Samphire Exploration Target, and supports the potential development of multiple mineralised centres within the Samphire Project. It also has the potential to contribute to future development planning and potentially increase the mining inventory beyond the Scoping Study3 and provide operational and infrastructure synergies which the Company is assessing as part of a Bankable Feasibility Study (BFS) currently underway and expected to be released in mid-2027. 1 Refer ASX announcement of 6 May 2025 2 Refer ASX announcement 7 December 2023 3 Refer ASX announcement 14 December 2023 Samphire Mineral Resource Grows 67% to 30 Mlbs U₃O₈ Following Addition of Plumbush Inferred Mineral Resource 2 An intensive drilling program with multiple drill rigs is planned for the remainder of 2026, focussed on both expanding the Samphire MRE and increasing the confidence levels of the existing MRE through conversion of Inferred material into the Measured and Indicated classifications. In particular: • Further resource delineation and extension drilling at Blackbush aimed at upgrading portions of Indicated material to the Measured category through infill drilling on a nominal 25m × 25m spacing and extending mineralisation south of the existing MRE boundary; • Resource delineation drilling at Plumbush to support potential upgrades to MRE classification; and • Reconnaissance and follow-up delineation drilling to further define the mineralised channel system between the two deposits. Alligator’s CEO & Managing Director Andrea Marsland-Smith stated: This maiden MRE for Plumbush provides further validation of our geological model and the expansion potential of the Samphire Project, while also diligently delivering the initial resource component of our Exploration Target range reported in 2023. Delivering a 12 Mlbs MRE located within 5 km from Blackbush materially enhances the scale of Samphire, with immediate drill ready targets now accessible following the finalisation of access arrangements with the landholder. Importantly, with an MRE of 30 Mlbs, it now provides the Company with a stronger foundation, as we advance our BFS. We are well positioned to diligently deliver further MRE growth and conversion to Indicated and Measured categories, via our upcoming aggressive drilling campaign. We intend to deliver a further update to the MRE in early 2027, which will form the base to be incorporated into the BFS that is expected to be released in mid-2027. Plumbush Mineral Resource Estimate Summary This MRE was prepared by SRK Consulting (Australasia) Pty Ltd (SRK) using historical UraniumSA Ltd (UraniumSA) drilling data. Uranium grades have been determined by downhole gamma geophysical sonde measurements. Between 2009 and 2011, UraniumSA drilled 85 mud rotary holes across the Plumbush deposit. Leveraging the extensive geological and hydrogeological understanding gained from Alligator's work at the nearby Blackbush deposit since 2021, the geological model for Plumbush has been reinterpreted. This has enabled the generation of a robust Inferred MRE from the historical drilling dataset, providing a strong foundation for planning resource extension and delineation drilling at Plumbush for the Q3/4 2026 program. The MRE (Table 1) has been reported in accordance with the JORC Code (2012 Edition) and reports only that portion which has been assessed as amenable to in situ recovery (ISR) within the Kanaka Beds and Melton Sands of the Samphire Palaeochannel at Plumbush. With the Plumbush MRE included, the total Samphire MRE has now increased by 67% from 18.0 Mlbs to 30.0 Mlbs. 3 Table 1: Plumbush Mineral Resource Estimate reported above a 140 ppm U3O8 cut-off JORC category Volume (Mm³) Density (kg/m³) Tonnage (Mt) Grade (U3O8 ppm) U3O8 metal (Mlb) Inferred – Total 7.9 1,873 14.9 370 12.0 1. The Mineral Resource is reported in accordance with the JORC Code (2012 Edition). 2. The Competent Person for the MRE is Oliver Willetts (MAusIMM 312940), a full-time employee of SRK Consulting (Australasia) Pty Ltd. 3. Mineral Resources are reported at a grade-thickness (GT) cut-off of GT ≥ 400 ppm.m (applied within each reporting domain group) and a grade cut-off of eU₃O₈ ≥ 140 ppm. 4. Grades are reported as equivalent uranium oxide (eU₃O₈) derived from calibrated downhole gamma logging. Secular equilibrium between ²³⁸U and its daughter products is assumed. 5. Bulk density is assigned by sequential indicator simulation (SIS) estimated facies, using values adopted from the Blackbush MRE for sand, lignite and saprolite (ASX 6 May 2025 - https://wcsecure.weblink.com.au/pdf/AGE/02943740.pdf) - and assumed values for clay/silt and carbonate (see JORC Table 1 Section 3, Bulk density). No site-specific density measurements are available. 6. The resource is constrained to ISR-amenable facies (sand, silt, lignite) using an acidic lixiviant; clay and carbonate blocks are excluded. 7. The resource is classified entirely as Inferred. No Indicated or Measured Mineral Resources have been defined. 8. Mineral Resources are not Ore Reserves and do not have demonstrated economic viability. There is no certainty that further exploration, feasibility studies, or development will result in the conversion of Mineral Resources to Ore Reserves. 9. Rounding may cause apparent differences in summation. 10. The effective date of the Mineral Resource estimate is 19 June 2026. Table 2: Combined Mineral Resource of the Samphire Project Tonnage (Mt) Grade (U3O8 ppm) U3O8 metal (Mlb) Blackbush4 Indicated 8.2 786 14.2 Inferred 3.9 443 3.8 Plumbush5 Inferred 14.9 370 12.0 Total 30.0 4 Refer ASX announcement of 6 May 2025 for the Blackbush MRE 5 See Table 1 for details. 4 Figure 1: Combined Mineral Resource of the Samphire Project with areas of prospectivity marked for future drilling 5 ASX Additional MRE Technical Information The following is a summary of the material information used to estimate the Mineral Resources as required by Listing Rule 5.8.1 and the JORC Code Reporting Guidelines. Geology & Geological Interpretation The Plumbush (PLB) deposit is hosted within a Cenozoic palaeochannel system incised into Hiltaba Suite granite basement (~1585 Ma), with the drilled area covering approximately 3.6 km (east–west) by 2.5 km (north–south). The stratigraphic sequence comprises six units from surface to basement: Quaternary cover, Gibbon Beds (Pliocene clay seal), Melton Limestone (Miocene confining unit), Melton Sands (Miocene), Kanaka Beds (Eocene channel fill), and saprolite developed on weathered Hiltaba Suite granite. The Kanaka Beds are the primary host for uranium mineralisation, comprising Eocene fluvio-lacustrine sands, carbonaceous sands and lignites deposited within the palaeochannel confines. The overlying Melton Sands act as a partial secondary host where uranium has migrated upward across the contact. The Gibbon Beds clay seal functions as a regional aquitard above the mineralised aquifer system. Figure 2: True vertical thickness of Kanaka Beds (m) (Source: SRK, 2026) The palaeochannel system (Figure 2) comprises a deeply incised channel, approximately 500 m to 700 m in width, that trends from north to south, before feeding into a broad southern palaeolake. Local depocentres occur along the channel axis, with the Kanaka Beds reaching a maximum thickness of approximately 60 m in the southeast. 6 Mineralisation Uranium mineralisation at PLB is hosted within the confines of the palaeochannel system, which represents the primary geometric control. Three vertically stacked mineralisation horizons are identified within the Melton–Kanaka sequence, each with a distinct morphological character reflecting different controlling mechanisms: an upper tabular zone (A Domain), a middle tabular- roll-front zone (B Domain) and a basal flow zone (C Domain). All three zones can be present in a single drill hole, producing a stacked mineralised column up to approximately 30 m in vertical extent, that thins near the channel flanks. No direct mineralogical investigations have been undertaken at PLB. At the adjacent Blackbush deposit in the same palaeochannel system, analysis of the mineralogy undertaken by Alligator Energy by scanning electron microscopy (QEMSCAN) confirms a coffinite-dominant mineralogy with minor uraninite and uranophane in a quartzose host. The assemblages at Blackbush is consistent with the equivalent lithofacies at PLB, and in the absence of site-specific data, the same mineralogy is assumed. The PLB Mineral Resource is estimated from equivalent uranium grades (eU₃O₈) derived from calibrated downhole gamma logging. Direct verification of equilibrium via Prompt Fission Neutron (PFN) logging is limited at PLB and the low grade of mineralisation produces insufficient neutron counts for reliable PFN determination at this grade range – a limitation also documented at the adjacent Blackbush deposit6 . That MRE also demonstrated that the Blackbush equivalent of the upper A domain mineralisation is at or near equilibrium, with disequilibrium becoming more positive with depth. PLB mineralisation is hosted in the same palaeochannel system, stratigraphy, and geological setting as Blackbush. Approximately 90% of Inferred Mineral Resources classified at PLB exist in the A domain which SRK considers at or near equilibrium for reporting purposes – as at Blackbush. Greater variability likely exists in the lower B and C domains however, these account for approximately 10% of the total Mineral Resources which limits the potential impact of moderate disequilibrium to affect material change. Drilling, Sampling and Sub-Sampling Techniques This estimation was based on 85 vertically drilled rotary mud drill holes totalling 7,846 m, drilled between July 2009 and April 2011 by Uranium SA Ltd. No twin holes have been drilled by AGE. Downhole geophysical logging was completed in 72 holes, with gamma uranium (eU₃O₈) at 0.1 m resolution providing the primary grade data for resource estimation. Geological logging includes lithology (1,253 intervals across 36 codes), stratigraphy (6 units across 84 holes), and Munsell colour (4,260 intervals). The database was audited and validated prior to modelling. All samples have been geologically re-logged by AGE for stratigraphy, lithology as part of this MRE. Drilled intervals were photographed from chip trays using a high-resolution camera to aid in interpretation as part of this MRE. The exploration database was compiled by AGE from original drilling records (2009–11) and read- only access was supplied to SRK. Data were imported into tNavigator 25.3 directly from the exploration database for geological modelling and resource estimation. Primary data tables comprise collar locations and survey data (85 holes), lithological logging (1,253 intervals, 36 codes), stratigraphic horizon picks (84 holes, 6 units), Munsell colour logging (4,260 intervals), and downhole geophysical logs (66,077 records at 0.1 m spacing across 72 holes). 6 Refer ASX announcement of 6 May 2025 for the Blackbush MRE. 7 A systematic database audit was undertaken prior to resource estimation, including collar coordinate verification against GPS survey records, depth consistency checks between collar total depth and interval table extents, interval continuity validation (gaps, overlaps, duplicates) for all downhole tables, lithology and stratigraphy code description consistency checks, cross-validation of lithology against stratigraphic unit assignments, geophysical log value range verification against expected physical limits, and identification of duplicate colour records (corrected in source database prior to modelling). The database audit identified no critical issues. Minor issues (6 holes missing an uppermost stratigraphic pick; 13 holes without eU₃O₈ geophysical logs) were documented and addressed in the estimation workflow. The database is considered sufficiently robust to support Mineral Resource estimation. Sampling Grade is derived from natural gamma sonde measurements logged downhole at 0.1 m resolution; no physical sampling and sub-sampling has been performed at PLB. The sonde calibration chain (AMDEL Adelaide) and the natural-gamma-to-eU₃O₈ conversion are described in the supporting JORC Table 1 (Section 1). Resource, Sampling, and Estimation Methodology Stratigraphic and facies modelling serves as the geological foundation of the PLB resource estimate. The geological model defines the extents and geological relationships of the Melton Sands and Kanaka Beds as stratigraphic host units and provides the basis for assignment of per-block density values. Figure 3: Cross section along the deepest section of the channel showing stratigraphy, mineralisation and facies Grade estimation was performed using Ordinary Kriging (OK) in tNavigator 25.3. Estimation was conducted independently for each ore domain (A, B, C) in stratigraphic IJK space, which honours the tabular geometry of the mineralisation and ensures grades are interpolated laterally within stratigraphic layers rather than across domain boundaries.Three stacked ore domains were defined using a geological cut-off of 90 ppm eU₃O₈, based on the statistical break point between background and mineralised grade populations. Domain assignment considered stratigraphic position relative to KANA unit boundaries and manual review against cross sections. Blocked well compositing was performed via the tNavigator grid process, with arithmetic mean upscaling of 0.1 m eU₃O₈ log data into proportional grid layers. Mean composite thickness is approximately 0.38 m, varying with local domain thickness.Single-structure spherical variogram models were fitted for each domain from blocked well data analysis: 8 – A Domain: Nugget: 0.147; Sill: 0.916; Range (main/normal/vert): 400 / 550 / 2.7 m; Azimuth: 285° – B Domain: Nugget: 0.020; Sill: 0.141; Range (main/normal/vert): 500 / 600 / 5.2 m; Azimuth: 316° – C Domain: Nugget: 0.110; Sill: 0.402; Range (main/normal/vert): 400 / 500 / 4.0 m; Azimuth: 315° The strong vertical compression (lateral:vertical range ratios ~100:1 to 150:1) reflects the tabular deposit geometry. Search parameters: All domains used 20 kriging points with expansion of the search neighbourhood to ensure all blocks are populated. Estimation was restricted to ore domains; waste zones were excluded. A natural population break was identified at approximately 1,000 ppm eU₃O₈ in the upper tail of all domains. A top-cut at this threshold was evaluated but not adopted in the primary estimate. The IJK search strategy effectively localises high-grade zones by constraining estimation within stratigraphic layers, providing natural high-grade control without explicit capping. Negative kriging estimates (a few peripheral cells) were clamped to zero in post-processing. Extrapolation beyond drilling is constrained by applying a spatial limitation based on the kriging variance threshold (KV ≤ 0.8) and the interpreted palaeochannel geometry. In practice, resource blocks extend approximately 100 m (half the nominal drill spacing) beyond the outermost data points. An independent check estimate was completed for the A domain using Isatis.neo 2025.3. The check estimate used OK in unfolded XYZ coordinate space with a nested two-structure spherical variogram model. A neighbourhood capping function (1,000 ppm eU₃O₈ threshold, 350 m lateral and 2.5 m vertical range) was applied to control high-grade influence in XYZ space. The tNavigator estimate returned a global mean of 225 ppm eU₃O₈ (−0.88% relative to the declustered composite reference of 227 ppm). The Isatis capped estimate returned 235 ppm (+3.51%). The ~4.4% spread between independent estimates provides confidence in the primary tNavigator result. A maiden Inferred resource estimate was previously reported for Plumbush by UraniumSA Limited (ASX:USA) in April 2011, prepared under the JORC Code 2004 Edition. That estimate used a Voronoi polygon method (MapInfo) applied to 43 of the 85 holes in the current database, and reporting 21.8 Mt at 292 ppm eU₃O₈ for an estimated 6,300 t (14.0 Mlb) of contained U₃O₈. The 2011 estimate applied a 100 ppm eU₃O₈ cut off over a minimum intercept thickness of 0.40 m, a GT accumulation threshold of 500 ppm.m eU₃O₈, and a single wet bulk density of 1.73 t/m³ assumed from the adjacent Blackbush deposit. All mineralisation was treated as a single undifferentiated domain constrained within the Kanaka Beds. The current estimate differs materially from the 2011 estimate in methodology. The two estimates are not directly comparable, but the 2011 work confirms the deposit was independently identified and quantified by the original explorer using an independent methodology. No by-products are assumed. Uranium (as U₃O₈) is the sole commodity of interest. Facies (for density assignment and ISR amenability) were modelled independently using SIS. No deleterious elements were estimated. Consideration of the candidate ISR extraction mining method is managed through the facies constraint (excluding carbonate-bearing and impermeable clay blocks from the reported resource) rather than explicit element estimation. Estimation was undertaken using 50 m × 50 m cells in plan, with proportional vertical layering (10–12 layers per ore domain, minimum 0.5 m domain thickness). Nominal drill spacing is approximately 200–400 m, with closer spacing (~200 m) in the central deposit area and wider spacing toward the margins. The 50 m block size is appropriate for the drill spacing, representing approximately one-quarter to one-eighth of the data spacing. 9 No selective mining unit (SMU) modelling was undertaken. The resource is reported at the estimation block scale (50 m × 50 m in plan) as appropriate for ISR extraction, where wellfield spacing rather than mining selectivity determines the practical extraction unit. The geological interpretation controls the resource estimate through domain boundaries derived from stratigraphic position and geological cut-off, IJK-space interpolation honouring stratigraphic geometry, proportional layering preserving internal domain architecture, facies constraint restricting the resource to ISR-amenable lithologies, and palaeochannel geometry informing the resource envelope. Model validation comprised three components; • Statistical validation: global mean comparison between blocked well composites and OK estimates showed acceptable alignment (A: -0.32%; B: -1.51%; C: +5.53%). Swath plots along easting, northing, and elevation confirm both estimates reproduce the spatial grade trends observed in the composite data. No reconciliation data are available (no production history). • Visual validation: cross sections through the grade model were reviewed to verify that estimated grades visually honour drill hole data, that interpolation respects domain boundaries, and that grade transitions at domain margins are geologically reasonable. • Independent check estimate: the Isatis.neo A domain estimate (235 ppm capped) brackets the tNavigator estimate (225 ppm) within acceptable tolerance. Cut Off Grade Resource reporting applies two superimposed cut-offs: a grade-thickness cut-off (GT ≥ 400 ppm.m) identifying potentially productive ISR extraction intervals, and a per-block grade cut-off (eU₃O₈ ≥ 140 ppm eU₃O₈) removing very low-grade blocks that would not individually contribute to recovered uranium. An additional facies constraint excludes clay (impermeable) and carbonate (acid-consuming) blocks, retaining only the acid ISR-amenable lithologies (sand, silt, lignite). The reporting cut-off retains approximately 89% of the total contained metal relative to zero cut-off, indicating low sensitivity to the chosen threshold. Mining & Metallurgical Methods The Mineral Resource is reported with reasonable prospects for eventual economic extraction (RPEEE) by in situ recovery (ISR) with acid leaching. This assessment is supported by the following considerations: • ISR is a proven, low-cost uranium extraction technology with multiple operating analogues in similar palaeochannel-hosted sandstone deposits in South Australia. Regional analogues in the Pirie Basin and adjacent systems have demonstrated amenability to acid leaching. • The mineralisation occurs at shallow depth (typically 50–80 m below surface) within permeable sand-dominated host rocks, at a geometry and depth range consistent with established ISR operations. • There is adequate hydrogeology head to support ISR. • The facies constraint applied to the resource (excluding clay and carbonate blocks) ensures that the reported tonnage is amenable to ISR extraction. The GT ≥ 400 ppm.m cut-off ensures that only intervals with sufficient grade-thickness to support productive ISR well fields are included. • South Australia has an established regulatory environment for ISR mining, with multiple licensed operations providing regulatory precedent. 10 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: Ms Andrea Marsland-Smith CEO & Managing Director Mr Joe Sutanto CFO and Company Secretary For media enquiries, please contact: Jeffrey Sterlson General Manager – Government Relations, Communications and Public Affairs js@alligatorenergy.com.au This announcement contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change. The information in this report that relates to Mineral Resources is based on information compiled by Oliver Willetts, MAusIMM (CP – Geology) 312940, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Willetts is a full-time employee of SRK Consulting (Australasia) Pty Ltd. Mr Willetts has sufficient experience that is relevant 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. Mr Willetts consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this announcement that relates to Exploration Data, Exploration Results, QAQC and geology aspects related to the project is based on and fairly represents information provided by Nick Jervis-Bardy who is a Member of Forward Looking Statement Competent Person’s Statement 11 The Australasian Institute of Mining and Metallurgy (MAusIMM 3088924). Nick Jervis-Bardy is employed on a full-time basis with Alligator Energy as Geoscience Lead, and has sufficient experience which is 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 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. Nick Jervis-Bardy consents to the inclusion in this release of the matters based on his information in the form and context in which it appears. Alligator Energy is a uranium and energy metals project development and exploration group with clear pathways for approval and development through its multi-jurisdictional portfolio. The Alligator Energy Directors and Leadership Team have significant uranium experience including achieving approval of Western Australia’s first uranium mine at the Wiluna Uranium Project (Toro Energy), discovery and pre-feasibility study of the Husab Uranium Mine in Namibia (Extract Resources) and management roles with WMC Olympic Dam, ERA Ranger Mine and Heathgate Resources uranium ISR operations at Beverley and Four Mile. Projects About Alligator Energy 12 JORC Code, 2012 Edition – Table 1 Sections 1, 2 and 3 Section1 – Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. • The work is based on rotary mud drilling and all grade determinations are from downhole geophysical logging. Sondes were appropriately calibrated. • Downhole wireline logging used a natural gamma sonde. • In 72 holes the sonde was calibrated at the Australian Mineral Development Laboratories (AMDEL) calibration facility (Adelaide) to allow calculation of uranium grade (eU3O8) from logged natural gamma. • Raw natural gamma (counts per second) was used to supply geological constraint in the remaining 11 holes. Drilling techniques • Drill type (eg core, reverse circulation, open- hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). • Holes were drilled using the rotary mud drilling technique. All holes were drilled vertically. Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. • Conventional drill sample recovery is not applicable. Grade is derived from downhole natural gamma logging rather than from physical sample recovery; drilling is mud rotary chip sampling acquired primarily for geological logging, with sample recovery not systematically recorded by the previous tenement owner. Logging • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. • Chip/mud samples were collected every 2 m in non-target areas and then every 1 m in the zones of interest (i.e. the target Kanaka Beds) for geological logging. • All samples have been geologically relogged by AGE for stratigraphy, lithology as part of this MRE. • Drilled intervals were photographed from chip trays using a high-resolution camera to aid in interpretation as part of this MRE. Sub- sampling • If core, whether cut or sawn and whether • No physical sub-sampling has been 13 Criteria JORC Code explanation Commentary techniques and sample preparation quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled