Quarterly Activities Report - March 2026

Tallebung accelerating toward development following a $20.5M capital raise, strong drilling results and advancing approvals.

Extensive shallow, high‑grade tin–tungsten–silver intersections returned from a multi‑rig drilling program, confirming robust mineralisation across multiple zones.

Significant mineralisation extensions identified to the east and south‑east of the existing Tallebung deposit.

Updated Mineral Resource Estimate and mining studies on track for H1 2026, incorporating ~350 additional drill holes and expected to materially increase resource size and confidence.

Approvals progressing, with the NSW State Significant Development process initiated and environmental studies underway.

Doradilla Tin Project: drilling planned next quarter to further define a large‑scale, high‑grade tin system.

Strong balance sheet, with $20.6M cash at 31 March 2026, plus a further $492k board commitment pending shareholder approval.