Announcement PDF ASX: SKY ASX ANNOUNCEMENT 6 May 2026 SKY METALS LIMITED +61 2 6360 1587 2 HAWTHORN PLACE, ORANGE NSW 2800 WWW.SKYMETALS.COM.AU ABN 46 098 952 035 Watch a video summary of this announcement & engage with SKY here Approvals Momentum Builds at Tallebung with NSW State Significant Development Process Launched Drilling delivers more high‑grade tin‑tungsten‑silver results ahead of impending MRE update and PFS • NSW approvals pathway accelerating with a Scoping Report submitted to initiate the State Significant Development (SSD) process, marking a major step toward development. • Updated Mineral Resource Estimate (MRE) and Pre-Feasibility Study (PFS) on track for release this quarter, supporting progress towards near-term development. • Significant volume of additional drilling results expected imminently, ahead of the updated MRE, reflecting the scale and success of the latest drill program. • Further shallow, high‑grade tin-tungsten-silver intersections delivered, reinforcing strong open pit development potential. Latest results include: TBRC377: 8m @ 1.24% tin, 0.18% tungsten & 13.2g/t silver from 68m, including: - 1m @ 9.09% tin, 1.32% tungsten & 60.4g/t silver from 69m 8m @ 0.73% tin from 5m TBRC336: 16m @ 0.38% tin & 37.4g/t silver from 46m, including: - 4m @ 1.38% tin, 0.10% tungsten & 13.2g/t silver from 52m TBRC363: 13m @ 0.26% tin & 30.8g/t silver from 60m, including: - 1m @ 1.08% tin, 0.16% tungsten & 47.5g/t silver from 65m TBD019: 14.95m @ 0.32% tin & 35.0g/t silver from 80m, including: - 1.05m @ 3.01% tin, 0.42% tungsten & 32.2g/t silver from 80m • Major drilling campaign completed, with over 500 drill holes now completed at Tallebung, forming the foundation of the updated MRE and forthcoming PFS. SKY Managing Director & CEO Oliver Davies commented: “This marks a significant step forward for SKY, with Tallebung advancing on both the approvals and technical fronts. The initiation of the NSW State Significant Development process is a key milestone as we position the project for near-term development. At the same time, ongoing drilling continues to deliver shallow, high-grade tin-tungsten-silver results, highlighting the strength, continuity and scale of the Tallebung system. “With more than 500 drill holes completed and further results imminent, we are well positioned for the upcoming updated Mineral Resource Estimate and Pre-Feasibility Study in the first half of 2026. SKY is well-funded and focused on accelerating Tallebung toward development as a near‑term, strategic source of tin and tungsten.” 2 Figure 1: Plan showing the location of new drilling results. Drill-hole collars, previously reported highlight drill intercepts and the limits of the existing Tallebung MRE are shown over surface geology. Sky Metals Limited (ASX: SKY) (“Sky Metals” or the “Company”) is pleased to provide an update on accelerating approvals momentum and continued drilling success at its flagship 100%-owned Tallebung Project in central New South Wales. TALLEBUNG PROJECT (EL 6699, SKY 100%) APPROVALS PATHWAY PROGRESSING TOWARD DEVELOPMENT SKY has achieved a significant breakthrough on the approvals pathway with the submission of the Scoping Report to formally initiate the NSW State Significant Development (SSD) approval process. The commencement of the SSD process reflects the advancement of Tallebung and allows key environmental, technical and permitting workstreams to progress in parallel, advancing the project towards near-term development. 3 The recent appointment of environmental consultants and an Environmental Manager at SKY is driving the SSD process, baseline studies and ongoing stakeholder engagement. These activities are aligned and continue to exceed the Company’s planned development schedule, underpinning its strategy to advance Tallebung as a near‑term tin, tungsten and silver development opportunity. UPDATED MRE AND PREFEASIBILITY STUDY ON TRACK An updated Mineral Resource Estimate (MRE) and Pre-Feasibility Study (PFS) remain on track for release in the current quarter. These studies will incorporate the substantially expanded drilling dataset generated over the past 18 months and are expected to reflect a step‑change in both resource scale and confidence. More than 500 drill holes have now been completed at Tallebung, representing a significant increase in geological information compared with the existing MRE, which includes only 115 drill-holes. The updated MRE will underpin mine planning, metallurgical optimisation and economic assessment as the Company quickly transitions into development studies. Figure 2: Cross‑section showing new drilling results from TBRC377 alongside previously reported drill‑hole intercepts. The surface positions of historical workings are also displayed, with the mineralisation hosted in stacked vein packages that extend to surface, trending towards these historical workings. STRONG DRILLING MOMENTUM AND HIGH‑GRADE RESULTS Drilling continues to intersect outstanding shallow, high‑grade tin‑tungsten‑silver mineralisation, reinforcing the robust nature of the Tallebung system and its suitability for open‑pit development. The Company expects a significant volume of additional assay results to be received and reported in the coming weeks, ahead of the completion of the updated MRE. These results are expected to further enhance the confidence and scale of the mineralised system at Tallebung. 4 UPCOMING NEWS-FLOW • Further drilling results anticipated imminently, ahead of completion of the updated Mineral Resource Estimate. • Release of the updated MRE and Pre-Feasibility Study this quarter, incorporating the expanded ~500‑hole drilling database. • The advance of Tallebung through the NSW State Significant Development (SSD) approvals process, following Scoping Report submission, the Secretary's Environmental Assessment Requirements (SEARs) expected this month, allowing SKY to then prepare the Environmental Impact Statement (EIS) ahead of development approval. • Continued development and optimisation studies, advancing mine planning, metallurgical flowsheets and project economics, including improved incorporation of tungsten into future mine scheduling. This announcement is authorised for release by the Board of Sky Metals Limited. Investors: Oliver Davies – Managing Director & CEO +61 (0) 430 359 547 Media: Nicholas Read – Read Corporate +61 (0) 419 929 046 JOIN SKY METALS’ INTERACTIVE INVESTOR HUB Visit skymetals.com.au to interact with Sky Metals’ announcements and updates To watch a video summary of this announcement & engage with SKY click here About the Tallebung Tin Project (100% SKY) Tallebung stands as an open-pit, technology enabled, near-term tin development project. Tallebung is uniquely placed to provide secure tin supply, to feed irreplaceable and rapidly expanding tin demand, essential in semi- conductors, electronics and solar PV technologies. The Tallebung Tin Project is located at the site of large-scale historical tin mining in central Western NSW where tin was first discovered in the 1890s. SKY is progressively defining a large-scale hardrock tin resource with recent higher-grade tin zones discovered on the margins of the known deposit and exceptional metallurgical performance demonstrated across the entire known deposit. The shallow, open-pit tin veins combined with the ideal nature of the tin, hosted as large, discrete grains of simple tin-oxide (cassiterite minerals), all ideally lends itself to low-cost tin production advantages, including exceptional X-ray based ore sorting performance, demonstrated to upgrade the tin up to 44x, prior to low-cost gravity separation to produce a saleable tin concentrate. 5 Competent Persons Statement The information in this report that relates to Exploration Results is based on information compiled by Mr. Oliver Davies, who is a Member of the Australasian Institute of Geoscientists. Mr. Oliver Davies is an employee and director of Sky Metals Ltd and 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. Davies consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. Previously Reported Information The information in this report that references previously reported exploration results is extracted from the Company’s ASX market announcements released on the date noted in the body of the text where that reference appears. The previous market announcements are available to view on the Company's website or on the ASX website (www.asx.com.au). The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. Disclaimer This report contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of Sky Metals Ltd, industry growth or other trend projections. Such statements are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors which are beyond the control of Sky Metals Ltd. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. Nothing in this report should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. This document has been prepared in accordance with the requirements of Australian securities laws, which may differ from the requirements of United States and other country securities laws. Unless otherwise indicated, all ore reserve and mineral resource estimates included or incorporated by reference in this document have been, and will be, prepared in accordance with the JORC classification system of the Australasian Institute of Mining, and Metallurgy and Australian Institute of Geoscientists. 6 Table 1: Drillhole coordinates (MGA94 Zone 55). Hole ID Easting (MGA) Northing (MGA) RL (m) DIP Azimuth (MGA) Total Depth (m) Comment TBD019 460746 6376722 278 -59 250 120.1 Complete TBD020 460570 6377044 283 -60 261 133.4 Complete TBRC320 460874 6376335 291 -60 251 120 Complete TBRC321 460808 6376286 296 -60 252 120 Complete TBRC322 461301 6376031 294 -60 250 120 Complete TBRC323 460835 6376061 301 -59 256 108 Complete TBRC324 460827 6376113 300 -60 253 126 Complete TBRC325 460310 6378072 282 -90 360 80 Complete. Alluvial Hole TBRC326 460387 6378061 281 -90 360 30 Complete. Alluvial Hole TBRC327 460478 6378051 279 -90 360 30 Complete. Alluvial Hole TBRC328 460789 6376152 302 -59 255 120 Complete TBRC329 460787 6376314 298 -60 254 120 Complete TBRC330 460764 6376348 298 -59 259 120 Complete TBRC331 460740 6376346 298 -60 255 132 Complete TBRC332 460570 6377024 284 -58 255 132 Complete TBRC333 460782 6376381 297 -60 248 120 Complete TBRC334 460715 6376287 294 -60 249 120 Complete TBRC335 460612 6377028 283 -60 255 132 Complete TBRC336 460621 6376988 284 -60 253 120 Complete TBRC337 460641 6376967 284 -60 253 132 Complete TBRC338 459829 6377448 290 -90 360 180 Complete TBRC339 460565 6378039 278 -90 360 180 Complete. Cased as a monitoring bore TBRC340 460652 6378027 277 -90 360 36 Complete. Alluvial Hole TBRC341 460747 6378015 275 -90 360 24 Complete. Alluvial Hole TBRC342 460815 6378005 274 -90 360 84 Complete. Alluvial Hole TBRC343 460918 6377992 273 -90 360 12 Complete. Alluvial Hole TBRC344 461005 6377980 271 -90 360 18 Complete. Alluvial Hole TBRC345 461092 6377969 270 -90 360 80 Complete. Alluvial Hole TBRC346 461175 6377952 269 -90 360 24 Complete. Alluvial Hole TBRC347 461281 6377945 268 -90 360 12 Complete. Alluvial Hole TBRC348 461348 6377922 267 -90 360 80 Complete. Alluvial Hole TBRC349 461447 6377901 268 -90 360 12 Complete. Alluvial Hole TBRC350 460678 6377004 282 -59 252 120 Complete TBRC351 460698 6377026 280 -56 256 114 Abandoned TBRC352 460653 6377018 282 -60 251 126 Complete TBRC353 460709 6376930 281 -59 248 120 Complete TBRC354 460683 6376891 282 -59 256 126 Complete TBRC355 460569 6376954 287 -59 250 120 Complete TBRC356 460467 6376847 290 -60 251 120 Complete TBRC357 460459 6376892 289 -60 257 120 Complete TBRC358 460566 6376893 288 -59 252 120 Complete TBRC359 460659 6376922 283 -59 259 120 Complete TBRC360 460729 6376890 276 -59 254 120 Complete TBRC361 460670 6376841 279 -59 257 120 Complete TBRC362 460648 6376817 280 -60 251 120 Complete TBRC363 460502 6376995 288 -59 255 138 Complete TBRC364 460408 6377015 285 -60 250 126 Complete TBRC365 460389 6376987 286 -60 249 120 Complete TBRC366 460440 6376988 286 -60 252 120 Complete TBRC367 460432 6376954 285 -60 256 120 Complete TBRC368 460499 6376935 289 -60 254 120 Complete TBRC369 460501 6376949 288 -60 252 120 Complete TBRC370 460884 6376526 287 -59 253 132 Complete TBRC371 460885 6376122 298 -60 251 120 Complete 7 Hole ID Easting (MGA) Northing (MGA) RL (m) DIP Azimuth (MGA) Total Depth (m) Comment TBRC372 460545 6376545 285 -59 252 120 Complete TBRC373 460800 6376547 288 -59 253 120 Complete TBRC374 460809 6376601 286 -60 253 120 Complete TBRC375 460614 6376511 288 -60 255 120 Complete TBRC376 460571 6376513 286 -59 251 126 Complete TBRC377 460784 6376635 285 -60 255 120 Complete TBRC378 460609 6376587 285 -59 253 120 Complete TBRC379 460855 6376697 285 -59 251 120 Complete TBRC380 460825 6376708 283 -59 259 120 Complete TBRC381 460800 6376700 283 -59 248 126 Complete TBRC382 460800 6376721 283 -60 251 120 Complete TBRC383 460794 6376746 280 -59 253 30 Abandoned TBRC384 460771 6376785 279 -59 260 120 Complete TBRC385 460770 6376859 278 -59 254 120 Complete 8 Table 3: Tallebung Project – Significant Drill-hole Intercepts. Hole ID From To Interval Sn W Ag Cu Zn Comment (m) (m) (m) % % g/t % % TBD019 18.55 22.5 3.95 0.23 - - - - 29.75 31.05 1.3 0.19 - 17.3 - - 40.2 56.2 16 0.17 0.06 - - - including 40.2 40.9 0.7 1.13 0.10 - - - and 55.7 56.25 0.55 2.35 - 10.2 - - 80 94.95 14.95 0.32 0.03 35.0 - 0.35 including 80 81.05 1.05 3.01 0.42 32.2 - - and 94.75 94.95 0.2 0.41 0.02 1680 - - TBD020 46.1 47 0.9 1.05 0.05 - - - 53.3 55 1.7 0.25 0.04 20.6 - - 63.15 66 2.9 0.52 - - - - 75 77.2 2.2 0.34 - - - - 103.9 105 1.1 - 0.96 15.1 - - TBRC321 11 12 1 0.13 0.03 - - - 14 15 1 0.08 0.19 - - - 26 32 6 0.19 0.06 - - - including 26 27 1 0.71 0.22 - - - 65 67 2 0.11 0.24 - - - TBRC323 11 12 1 0.06 0.27 11.9 - - TBRC324 83 84 1 0.10 - - - - 94 95 1 - 0.22 - - - TBRC325 18 18.5 0.5 0.23 0.03 - - - TBRC328 12 13 1 0.19 - - - - TBRC329 9 10 1 0.31 - - - - 28 29 1 - 0.2 - - - 47 48 1 0.12 - - - - 54 55 1 0.12 0.15 - - - 62 65 3 0.13 - 15.8 - - 70 74 4 0.39 0.13 - - - including 72 73 1 0.92 0.35 - - - TBRC330 20 30 10 0.11 0.04 - - - including 29 30 1 0.99 0.4 - - - 54 61 7 0.10 0.09 - - - including 60 61 1 0.19 0.5 - - - 65 66 1 0.2 0.02 - - - 78 79 7 0.2 0.02 - - - 88 89 2 1.77 - - - 0.88 including 88 89 1 3.32 0.03 - - 1.65 TBRC331 2 4 2 0.31 0.05 32.5 - - 13 14 1 0.68 - - - - 20 22 2 0.59 - - - - 27 28 1 0.05 0.09 - - - 52 56 4 0.39 0.06 - - - 9 Hole ID From To Interval Sn W Ag Cu Zn Comment (m) (m) (m) % % g/t % % 64 65 1 0.13 - - - - TBRC332 23 31 8 - 0.07 - - - Tungsten-rich zone 37 58 21 0.14 0.04 16.9 - - including 49 50 1 0.60 0.44 33.5 - - and 54 55 1 0.76 0.07 183 - - 77 78 1 0.11 - - - - TBRC333 4 5 1 0.11 - - - - 17 19 2 0.16 - - - - 22 23 1 0.13 - 13.9 - - 36 38 2 0.25 0.06 - - - 94 109 15 0.10 - - - - including 94 95 1 0.51 - - - - and 98 99 1 0.13 - 30 0.08 1.31 Silver-Base Metal-rich zone TBRC334 63 65 2 0.08 0.02 32.6 - - TBRC335 64 65 1 0.12 - 11.2 - - 75 87 12 0.15 - - - - including 75 76 1 0.91 0.02 - - - 111 112 1 0.84 0.02 - - - TBRC336 46 62 16 0.38 0.03 37.4 - - including 52 56 4 1.38 0.1 132 - - 73 75 2 0.13 0.27 - - - 77 78 1 0.13 - - - - 94 96 2 0.20 0.02 - - - TBRC337 46 47 1 0.15 0.02 - - - 52 53 1 0.13 0.02 - - - 56 57 1 0.05 0.17 - - - 58 59 1 0.14 0.02 13.5 - - 66 73 7 0.11 0.06 - - - including 72 73 1 0.36 0.38 - - - 83 84 1 0.18 0.02 - - - 89 94 5 0.12 - 14.3 - - TBRC339 29 31 2 0.11 - - - - TBRC340 11 12 1 0.13 - - - - 14 16 2 0.1 - - - - TBRC344 6 7 1 0.44 - - - - TBRC345 5 6 1 0.10 - - - - TBRC350 102 103 1 0.28 - - - - TBRC352 104 105 1 0.11 - - - - 107 110 3 0.10 - - - 0.3 TBRC353 71 76 5 0.70 0.04 50.5 - - including 74 75 1 2.39 0.04 139 - - TBRC354 39 41 2 0.64 0.03 - - - 52 53 1 0.14 - - - - 56 59 3 0.13 - 16.7 - - 10 Hole ID From To Interval Sn W Ag Cu Zn Comment (m) (m) (m) % % g/t % % 69 70 1 0.12 - 14.2 - - 74 75 1 0.11 - 12.8 - - 78 80 2 0.23 0.04 23.8 - - 88 89 1 0.12 - - - - 95 96 1 0.11 - 14.4 - - TBRC355 6 25 19 0.14 0.02 - - - including 14 16 2 0.64 0.07 23.4 - - 32 33 1 0.11 0.02 18.8 - - 49 51 2 0.13 0.10 13.7 - - 72 73 1 0.11 0.02 140 - - 108 110 2 0.15 0.06 27.8 - - TBRC356 53 63 10 0.22 0.02 14.6 - - including 54 55 1 0.79 0.07 - - - and 62 63 1 0.71 - - - - 78 84 6 0.10 0.02 84.8 - - including 83 84 1 0.40 - 490 - - 105 118 13 0.23 0.10 17 0.05 0.52 including 105 106 1 1.43 0.68 64.3 0.08 2.58 TBRC357 93 94 1 0.32 0.13 - - 0.65 107 109 2 0.09 0.06 33.7 - 2.49 TBRC358 2 5 3 0.41 0.02 - - - 18 24 6 0.13 - - - - including 22 23 1 0.48 0.05 - - - 27 28 1 0.10 0.02 12.1 - - 38 39 1 0.83 0.03 11.4 - - 79 94 15 0.21 0.03 - - - including 89 90 1 1.76 0.05 - - - 115 116 1 0.58 - - - - TBRC359 27 28 1 0.10 - - - - 42 43 1 0.17 - - - - 52 71 19 0.19 0.02 - - - including 62 63 1 2.28 0.03 41.4 - - 83 94 11 0.19 - - - - including 90 91 1 0.53 0.02 - - - TBRC361 10 18 8 0.41 0.02 10.8 - - including 11 12 1 2.82 0.04 47.6 - - 27 28 1 0.30 - - - - 47 53 6 0.16 - - - - including 47 48 1 0.46 - 24.6 - - 65 66 1 1.20 0.17 15.3 - - TBRC362 2 9 7 0.43 0.03 - - - including 2 4 2 1.01 0.04 16 - - 28 33 5 0.22 0.02 10 - - including 28 29 1 0.57 0.06 17.7 - - 11 Hole ID From To Interval Sn W Ag Cu Zn Comment (m) (m) (m) % % g/t % % 43 49 6 0.28 0.04 11 - - including 48 49 1 1.26 0.16 12.7 - - TBRC363 60 73 13 0.26 0.04 30.8 - - including 65 66 1 1.08 0.16 47.5 - - 122 126 4 0.44 - 19.2 - - including 124 125 1 1.43 - - - - TBRC364 1 3 2 0.13 - - - - 9 10 1 0.11 - - - - 16 17 1 0.34 - - - - 30 34 4 0.20 - 91.0 - - including 30 31 1 0.60 0.02 302 - - 97 99 2 0.15 - 16.5 - - 111 113 2 0.20 0.07 15.7 - - 122 123 1 0.14 - 13.1 - - TBRC365 13 14 1 0.10 - - - - 48 64 16 0.10 0.02 - - - including 63 64 1 0.35 0.04 94 0.43 - 68 70 2 0.19 0.09 - - - 79 81 2 0.15 0.40 - - - 99 110 11 0.10 - - - - TBRC366 5 15 10 0.15 0.04 21.8 - - 28 29 1 0.25 - - - - 48 49 1 0.18 - - - - 77 78 1 0.12 - - - - TBRC367 81 82 1 0.12 - - - - 87 88 1 0.18 0.04 - - - 100 105 5 0.11 - - - - TBRC368 5 6 1 0.17 - - - - 18 19 1 0.12 - - - - 33 43 10 0.16 0.03 - - - including 39 40 1 0.96 0.09 - - - 99 101 2 0.10 - - - - TBRC369 37 43 6 0.16 0.05 - - - 100 101 1 0.54 0.02 - - - 106 108 2 - 0.15 - - - TBRC370 14 17 3 0.10 - - - - 30 31 1 0.30 - - - - 57 60 3 0.17 - 11.7 - - 82 83 1 0.41 0.06 121 - - 89 90 1 0.16 0.02 17.4 - - TBRC371 3 8 5 0.18 - - - - including 3 4 1 0.63 - - - - 17 18 1 0.79 0.03 - - - 71 72 1 0.67 0.03 - - - 12 Hole ID From To Interval Sn W Ag Cu Zn Comment (m) (m) (m) % % g/t % % 77 78 1 0.14 0.02 - - - 110 111 1 0.11 - - - - TBRC372 32 38 6 0.24 0.03 16.9 - - 84 85 1 0.80 0.10 - - - 92 93 1 - 0.18 - - - 115 118 3 0.13 - 27.8 0.06 - TBRC373 22 23 1 0.63 0.02 - - - 59 60 1 0.15 - - - - 90 98 8 0.20 0.09 - - - TBRC374 10 25 15 0.28 0.02 - - - including 16 17 1 1.87 0.04 40.9 - - 52 53 1 0.20 0.03 71.5 - - 57 59 2 0.10 0.02 - - - 69 70 1 1.68 0.02 - - - 88 89 1 0.50 0.02 - - - 105 107 2 0.33 0.08 15.6 - - TBRC375 4 5 1 0.58 - - - - 10 11 1 0.33 - - - - 17 18 1 0.15 - - - - 24 25 1 0.16 - - - - 42 44 2 0.15 - - - - 50 53 3 0.13 - - - - 59 61 2 0.42 - - - - 103 105 2 0.09 0.12 14.8 - - TBRC376 11 12 1 0.10 - - - - 16 17 1 0.10 - - - - 51 54 3 0.42 0.03 - - - including 52 53 1 0.99 - - - - 115 116 1 0.16 0.02 - - - TBRC377 5 13 8 0.73 - - - - 19 20 1 0.22 - - - - 59 62 3 0.12 0.02 - - - 68 76 8 1.24 0.18 13.2 - - including 69 70 1 9.09 1.32 60.4 - - 92 93 1 0.76 0.02 - - - 101 108 7 0.22 - 32.5 - - including 101 102 1 0.77 0.02 202 - - TBRC378 3 4 1 0.18 - 24.5 - - 23 39 16 0.26 0.02 - - - including 24 28 4 0.49 0.02 - - - 52 53 1 0.14 0.04 - - - 76 77 1 0.19 0.09 44.6 0.05 - TBRC379 2 3 1 0.10 - - - - 83 85 2 0.48 - - - - 13 Hole ID From To Interval Sn W Ag Cu Zn Comment (m) (m) (m) % % g/t % % 98 100 2 0.35 - - - - 112 117 5 0.16 - 12.0 - - including 112 113 1 0.67 0.02 55.7 - - TBRC380 3 4 1 0.10 - - - - 83 86 3 0.37 - 13.0 - - 105 108 3 0.32 0.14 14.9 - 0.56 TBRC381 50 52 2 0.24 - - - - 63 71 8 0.22 - 38.6 - - including 67 68 1 0.64 - 26.3 - - 80 85 5 0.24 - 13.0 - - including 84 85 1 0.77 - 59.5 - - 93 95 2 0.13 0.02 19.0 - - 101 105 4 0.34 0.05 - - - TBRC382 54 55 1 0.74 - - - - 62 77 15 0.13 - 13.4 - - including 68 69 1 0.54 - 93.7 - - 87 109 22 0.15 0.03 - - - including 100 101 1 1.51 0.08 - - - and 107 109 2 0.11 0.27 - - - TBRC383 26 27 1 0.39 - - - - Hole Abandoned TBRC384 20 30 10 0.10 0.04 - - - 58 63 5 0.20 - 11.6 - - 68 74 6 0.16 - - - - 91 97 6 0.12 - 14.0 - - 106 119 13 0.10 - - - - including 106 108 2 0.35 - 13.6 - - . 14 JORC CODE, 2012 - TABLE 1 Section 1 Sampling Techniques and Data – TALLEBUNG PROJECT (Criteria in this section apply to all succeeding sections) Criteria Explanation Commentary Sampling techniques • Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. RC Drilling – the total sample (~20-30kg) is delivered via cyclone into a large plastic bag which is retained for future use if required. 1m intervals are split using a cone splitter on the rig into a separate calico at the time of drilling. Drill core sampling is by sawn half core HQ. Nominal sample intervals are 1m with a range from 0.3m to 2.0m. All samples were submitted to ALS Orange for preparation and assaying. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Assay standards or blanks are inserted at least every 50 samples. All sample lab received weights show consistency with recovery and interval length. All sample lab received weights are reviewed and show consistency with core recovery and interval length. • 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 (e.g. ‘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 (e.g. submarine nodules) may warrant disclosure of detailed information. Each sample was dried, crushed and pulverised as per standard industry practice. Diamond drilling - core samples were taken at nominally 1m, but with a range between 0.3-2m. HQ core samples are cut in halves with 1/2 retained for reference and metallurgical test work and 1/2 submitted for assay - dried, crushed and pulverised to 90% passing 75 microns. RC Drilling – the total sample (~20-30kg) is delivered via cyclone into a large plastic bag which is retained for future use if required. 1m intervals are split using a cone splitter on the rig into a separate calico at the time of drilling. Where mineralisation has not been logged, 4m Composites have been made by using a spear to Combine equal amounts of samples from each 1m calico. The primary metal of interest, tin (Sn) and also tungsten (W) were determined by lithium borate fusion XRF (method ALS – ME-MS85) – considered appropriate for these elements. Multielement assaying was completed for 48 elements by 0.25g four-acid digest with ICPMS determination (method ALS – ME- MS61) or for infill holes, assay of Ag, As, Cu, Pb, Zn with ICP determination (method ALS – ME-ICP61) Pulps were also pulverised to ensure the sample is homogenised. Multielement assaying was completed for 48 elements by 0.25g four-acid digest with ICPMS determination (method ME-ICP61). Sn & W were analysed at ALS via ME-MS85 by lithium meta-borate fusion and ICP-MS. Overlimit samples are analysed via ME-XRF30 fusion. 15 Criteria Explanation Commentary Drilling techniques • Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. 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) Reverse circulation (RC) drilling using 110mm rods, 144mm face sampling hammer. Diamond Drilling completed by drilling HQ core. HQ was drilled end of hole. HQ core was orientated. 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 RC drilling - high capacity RC rig was used to enable dry samples collected. Drill cyclone is cleaned between rod changes and after each hole to minimise cross-hole contamination. Sample weights are recorded for each sample. Recoveries were generally excellent and consistent, however, if samples were wet the recoveries were less consistent. There is no known relationship between sample recovery and grade. Where samples recoveries are less than 95% there is no relationship observed between grade and sample recovery. Relationships between sample recovery and grade are not considered significant where recoveries exceeded 95% in fresh rock. 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 Systematic geological and geotechnical logging was undertaken when the holes were originally drilled. Data collected includes: • Nature and extent of lithologies. • Relationship between lithologies. • Amount and mode of occurrence of ore minerals. • Location, extent, and nature of structures such as bedding, cleavage, veins, faults etc. Structural data (alpha & beta) are recorded for orientated core. Geotechnical data such as recovery, RQD, fracture frequency, qualitative IRS, microfractures, veinlets and number of defect sets. For some geotechnical holes the orientation, nature of defects and defect fill are recorded. Both qualitative and quantitative data is collected. RC chips, half core (HQ) & ¾ core (PQ) samples are retained in trays for future reference. A representative sample of each one metre RC interval is retained in chip trays for future reference. Both qualitative and quantitative data is collected. All rock chips were digitally photographed. Sub-sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry • For all sample types, the nature, quality and appropriateness of the sample preparation technique • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples • Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled RC drilling - the total sample (~20-30kg) is delivered via cyclone into a large plastic bag which is retained for future use if required. 1m intervals are split using a cone splitter on the rig into a separate calico at the time of drilling. Samples were dried crushed and pulverised to 90% passing 75 microns. This is considered to appropriately homogenise the sample to allow subsampling for the various assay techniques. SKY: Certified Reference Material (CRM) and blanks were inserted at least every 50 samples to assess the accuracy and reproducibility of the drill core results. The results of the standards were to be within ±10% 16 Criteria Explanation Commentary variance from known certified result. If greater than 10% variance the standard and up to 10 samples each side were re-assayed. SGS conducted internal check samples every 20 for multielement assay. RC drilling - duplicate samples are collected of re-split intervals. Duplicates generally show excellent repeatability. Sample sizes are industry standard and considered appropriate. No field duplicates are taken for the rock chip samples. The sample was crushed and pulverised to 90% passing 75 microns. This was considered to appropriately homogenise the sample. The available data suggests that sampling procedures provide sufficiently representative subsamples for the current interpretation. Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total • For geophys