Announcement PDF FG1 | Annual Report 30 June 2026 | 1 ABN 82 644 122 216 Annual Report For the year ended 30 June 2026 FG1 | Annual Report 30 June 2026 | 2 Table of Contents Corporate Directory Chair’s Letter Review of Operations Directors’ Report Remuneration Report Auditor’s Independence Declaration Consolidated Statement of Profit or Loss and Other Comprehensive Income Consolidated Statement of Financial Position Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements Consolidated entity disclosure statement Directors’ Declaration Independent Auditor’s Report Shareholder Information 3 4 7 21 29 41 43 44 45 46 47 70 71 72 75 FG1 | Annual Report 30 June 2026 | 3 Corporate Directory Flynn Gold Limited ABN 82 644 122 216 Directors Clive Duncan, Non-Executive Chair Neil Marston, Managing Director & CEO Samuel Garrett, Technical Director John Forwood, Non-Executive Director Company Secretary Mathew Watkins Registered Office Suite 2 Level 11 385 Bourke Street Melbourne Victoria 3000 Share Register Boardroom Pty Limited Level 8, 210 George Street Sydney NSW 2000 Telephone: 1300 737 760 International: +61 9290 9600 Auditors William Buck Level 20 181 William Street Melbourne, VIC 3000 Stock Exchange Listing Australian Securities Exchange ASX code: FG1 / FG1O Corporate Governance Statement Corporate governance statements are available on the Company’s website. Contact W: www.flynngold.com.au E: info@flynngold.com.au T: +61 3 9692 7222 FG1 | Annual Report 30 June 2026 | 4 Chair’s Letter FG1 | Annual Report 30 June 2026 | 5 Dear Fellow Shareholders, I am pleased to present Flynn Gold’s Annual Report for the 2026 financial year – a year in which we delivered several important milestones at our flagship Golden Ridge Gold Project (“Golden Ridge”) in north-eastern Tasmania, which is rapidly evolving from an exciting high-grade gold discovery into a genuine development opportunity. In addition, we commenced work programs to unlock our broader critical minerals exploration portfolio across Tasmania, with promising gold-tungsten-copper results at our Firetower Project and spectacular grades from drilling at our Henty Silver-Lead-Zinc Project. Importantly, all our exploration activities were completed with zero lost-time incidents. Golden Ridge – Resources and Permitting Focus Our flagship, Golden Ridge, remained the Company’s primary focus throughout the year, with our improved understanding of the structural and lithological controls on gold mineralisation giving us confidence that Golden Ridge has sufficient scale to become the cornerstone of a new gold processing hub in north-eastern Tasmania. The 9km long mineralised corridor at Golden Ridge highlights the significant potential of this intrusion-related gold system. During the first half of the reporting period, the Company continued testing new targets at Golden Ridge beyond the boundaries of the 2024 Exploration Target area. A limited first-pass drilling program at two locations – Grenadier and Double Event – demonstrated that previously unrecorded gold-bearing vein systems occur at several positions along the granodiorite contact, strengthening the geological model for district- scale mineralisation. Over the latter half of the financial year, the Company’s focus shifted to proving up an initial Mineral Resource Estimate and commencing the approvals process, with the aim of progressing towards gold production. Subsequent to financial year-end, trenching and diamond drilling commenced at the Brilliant prospect with a drill rig currently on site conducting a Resource definition drilling program. Follow-up drilling will be undertaken at other areas in 2027. The Company recently registered a Mining Lease Application over a 458-hectare area which includes the key Brilliant and Trafalgar prospects, as well as a proposed processing plant site on previously cleared plantation land with good access to infrastructure such as roads and power. In August 2026, the Company signed an Ore Purchase Agreement with the only operating gold processing plant in Tasmania at the Henty Gold Mine. The agreement establishes the framework and indicative commercial terms under which Henty Gold Mine may buy ore or concentrates supplied by Flynn Gold for processing through its existing gold processing facility. The opportunity to process ore through an existing operating gold plant has the potential to significantly reduce upfront capital requirements while accelerating the pathway towards production from our Tasmanian projects. Firetower – Advancing on the Wave of Booming Tungsten Demand Chair’s Letter FG1 | Annual Report 30 June 2026 | 6 Firetower – Advancing on the Wave of Booming Tungsten Demand Over the past 12 months, the tungsten market has experienced significant price increases driven by a range of global factors including strong demand from military and high-tech applications, constrained supply and China’s tightening of export controls. Against this backdrop, Flynn’s Firetower gold-tungsten project in northern Tasmania is gaining increased strategic significance and is now being advanced towards a maiden Mineral Resource Estimate. Drilling at Firetower commenced in late May 2026, with the first three holes intersecting multiple zones of polymetallic mineralisation containing gold, tungsten, copper and cobalt. Importantly, the mineralised system remains open along strike and at depth. Two additional holes have since been completed to test the western extension of the system and provide material for metallurgical test work, with assays awaited. Following receipt of the outstanding assays, Flynn will progress resource modelling and metallurgical testwork to further define the scale, continuity and metallurgical characteristics of the mineralisation and assess Firetower’s potential as a strategic, near-term polymetallic gold-tungsten development opportunity. Henty – First Drilling at Silver King in 80 years During the year, we completed our first drilling program since listing at our Henty Project near Zeehan in western Tasmania. Drilling along the 1.6km-long Silver King Trend – the first drilling in this area in 80 years – successfully intersected high-grade silver-lead-zinc mineralisation, including a spectacular intercept of 0.4m at 2,450g/t silver, 29.5% lead and 9.0% zinc at Silver King, providing extensive evidence of a district-scale exploration opportunity. Outlook and Thanks Looking to the future, the coming year will be focused on progressing Flynn towards the development of a new high-grade gold operation in Tasmania. Our key objectives are to complete a maiden Mineral Resource estimate at Golden Ridge, advance project permitting activities and determine the best pathway to realise value for shareholders from the Firetower Project. I would like to sincerely acknowledge the efforts and commitment of the Flynn team, led by our Managing Director, Neil Marston. I also thank all our supportive shareholders and key stakeholders for their continued support and confidence in the company. Our Company is well positioned to build on the progress achieved during the year and advance its strategy of establishing a significant new gold business in Tasmania. Yours sincerely Clive Duncan Non-Executive Chair Chair’s Letter FG1 | Annual Report 30 June 2026 | 7 Review of Operations FG1 | Annual Report 30 June 2026 | 8 Company Background Flynn Gold Limited is an Australian mineral exploration and development company focused on unlocking the potential of its portfolio of 100%-owned gold, silver and critical minerals projects in Tasmania. The Company holds ten 100%-owned tenements in north-east Tasmania which are highly prospective for gold and tungsten, including its flagship Golden Ridge Gold Project, where Flynn has identified an extensive intrusion-related gold system extending over a 9km-long mineralised corridor. Flynn also holds the Firetower Gold-Tungsten Project in north-western Tasmania and the Henty Silver-Lead- Zinc Project on Tasmania’s mineral-rich west coast near the historic mining centre of Zeehan. During the 2026 financial year, Flynn continued to sharpen its strategic focus on Tasmania, advancing exploration across its key projects while progressively divesting non-core Western Australian assets. Importantly, the year also marked a significant evolution in the Company’s strategy, with work accelerating to advance Golden Ridge and Firetower Projects toward Mineral Resource definition and potential future development. Figure 1: Tasmanian project location map. Review of Operations FG1 | Annual Report 30 June 2026 | 9 Tasmania Projects Exploration activities during the financial year were undertaken across Flynn’s extensive Tasmanian portfolio, with significant programs completed at Golden Ridge, Firetower, Henty, Mangana and Warrentinna. At Golden Ridge, drilling at the emerging Grenadier and Double Event prospects continued to demonstrate the scale and prospectivity of the broader intrusion-related gold system, while technical studies and development planning progressed around the more advanced Trafalgar and Brilliant prospects. At Firetower, systematic re-assaying of historical drill core substantially enhanced the understanding of the project’s tungsten potential and was followed by a new diamond drilling program designed to support a maiden Mineral Resource Estimate. The Company also completed its maiden drilling program along the historic Silver King Trend at Henty, confirming high-grade silver-lead-zinc mineralisation and establishing a pipeline of targets across a broader 1.6km mineralised corridor. Elsewhere, first-pass drilling was completed at Mangana and reconnaissance exploration identified a significant surface tungsten anomaly at the Gorge Creek prospect within the Warrentinna Project. Golden Ridge Gold Project The Golden Ridge Project, located in north-east Tasmania, comprises multiple prospects and historical gold workings distributed along an approximately 9km-long granodiorite-hornfels metasediment contact zone. Gold mineralisation at Golden Ridge is interpreted to form part of an Intrusion Related Gold System (“IRGS”), characterised by high-grade auriferous quartz-sulphide veins together with broader zones of stockwork, sheeted and sub-parallel veining. Golden Ridge Exploration Target The Company has previously defined a JORC-compliant Exploration Target across the Trafalgar, Brilliant and Link Zone prospects of between 3.5 and 5.4 million tonnes grading between 3.0g/t and 4.0g/t Au, containing approximately 449,000 to 520,000 ounces of gold. The Exploration Target, summarised below, encompasses only those areas where Flynn has drill-tested vein mineralisation up to 2024 and excludes other prospective areas within the Golden Ridge Project, including Grenadier and Double Event. Prospect Tonnes Range (Mt) Grade Range (g/t Au) Contained Au Range (oz) Trafalgar 1.6 - 2.2 4.5 - 6.0 303,000 - 322,000 Brilliant 1.4 - 2.2 1.6 - 1.9 82,000 - 115,000 Link Zone 0.6 - 0.9 2.8 - 3.5 64,000 - 83,000 Total 3.5 - 5.4 3.0 - 4.0 449,000 - 520,000 The size and grade of the Exploration Target are conceptual in nature and therefore are approximations. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code. Review of Operations FG1 | Annual Report 30 June 2026 | 10 During the year, Flynn continued to advance exploration programs aimed at improving its understanding of the broader Golden Ridge mineralised system, while systematically progressing the project towards the potential definition of a Mineral Resource and future development. Regional Exploration In-fill soil sampling undertaken during the year further refined the distribution of gold and arsenic anomalies surrounding the contact zone of the Golden Ridge Granodiorite. The results confirmed a corridor of anomalous gold (Figure 2) and arsenic-in-soil mineralisation extending over more than 2km across the Trafalgar, Trafalgar North and Double Event prospects, providing further evidence for the potential presence of multiple mineralised zones within the broader Golden Ridge system. Figure 2: Golden Ridge Project plan view showing the key prospects and gold in soils. Trafalgar Prospect During the year, Flynn commenced a detailed structural review of the Golden Ridge Project to enhance its understanding of the structural controls on high-grade mineralisation at Trafalgar and Brilliant prospects and to support future drill targeting. Against a backdrop of historically strong gold prices, the Company also commenced evaluating the potential significance of broader zones of lower-grade mineralisation surrounding the high-grade vein systems. These zones have not been incorporated into the Company’s Exploration Target. Review of Operations FG1 | Annual Report 30 June 2026 | 11 Grenadier Prospect A maiden diamond drilling program was completed at Grenadier during the reporting period, comprising seven diamond holes for 874m. The program tested the down-dip continuity and spatial distribution of high- grade gold mineralisation previously identified in surface trenching. Each drill-hole successfully intersected the targeted structures and associated quartz-sulphide veining, with significant results including: Hole / Sample Significant result GNDD006 1.4m @ 5.2g/t Au from 26.0m, including 0.42m @ 12.7g/t Au GNDD001 1.1m @ 1.4g/t Au from 163.1m GNDD007 1.9m @ 1.2g/t Au from 60.6m The drilling confirmed that gold mineralisation is associated with quartz veins developed along the contacts of fine-grained mafic dykes and demonstrated continuity of the mineralised structures below the previously defined surface mineralisation. Further trenching and surface exploration during the year also continued to identify additional prospective vein positions, highlighting the potential for multiple sub-parallel mineralised structures across the broader Grenadier area. Double Event Prospect Flynn completed its maiden diamond drilling program at Double Event during FY2026 to follow-up multiple high-grade gold-bearing quartz-sulphide veins identified in surface trenching. The program comprised nine diamond drill-holes for 670m and was designed to test the trend, plunge and strike continuity of the mineralisation beneath the historical workings and recent trenches. The target vein structures were intersected in every hole, confirming significant gold mineralisation to a depth of at least 72m below surface and defining two principal mineralised quartz veins within a broader approximately 30m-wide corridor containing additional sub-parallel quartz-sulphide veins and veinlets. Hole / Sample Significant result EVDD006 2.5m @ 6.3g/t Au from 37.3m, including 0.3m @ 22.2g/t Au and 0.25m @ 35.1g/t Au EVDD001 1.1m @ 2.7g/t Au from 32.79m, including 0.55m @ 5.1g/t Au EVDD002 0.4m @ 7.0g/t Au from 53.7m EVDD003 1.8m @ 1.9g/t Au from 43.2m, including 0.3m @ 9.9g/t Au Drilling tested approximately 80m of the confirmed 275m strike extent of mineralisation identified at surface, leaving a significant proportion of the system untested. The results also reinforced the potential significance of the broader eastern margin of the Golden Ridge Granodiorite. Double Event, Trafalgar North and Trafalgar occur within an approximately 1km-long prospective corridor which remains largely untested and returned strongly anomalous results in ultra-fine fraction soil sampling. Review of Operations FG1 | Annual Report 30 June 2026 | 12 Figure 3: Double Event Prospect plan showing the surface mineralised corridor and completed FY2026 holes. Brilliant Prospect During the second half of FY2026, Flynn commenced a new phase of work at Brilliant aimed at advancing the prospect towards resource definition. Trenchingandchannelsamplingwereundertakentotestnorth-easternextensionsofknowngoldmineralisation, while the Company continued its structural review and planning for follow-up drilling across the broader 3km contact zone between Brilliant and Trafalgar. Development Studies In parallel with its exploration programs, Flynn Gold has commenced evaluating development options for Golden Ridge. Mining Lease Application 6M/2026 Mining Lease Application 6M/2026 was pegged on 24 June 2026 and lodged with Mineral Resources Tasmania on 30 June 2026. The application covers approximately 458 hectares, including the prospective 3km Brilliant– Trafalgar corridor and a proposed approximately 70-hectare processing site. The proposed processing site is located on previously harvested plantation land, approximately 2km from grid power and with good all-weather road access. The Company is evaluating the potential for the site to ultimately support processing of material from Golden Ridge and potentially other nearby deposits. Most of Flynn’s north-east Tasmanian gold projects are located within approximately 70km of Golden Ridge. Environmental work commenced during the year, including ecological and drainage assessments, with further flora, fauna and baseline water studies planned. Review of Operations FG1 | Annual Report 30 June 2026 | 13 Figure 4: Golden Ridge Mining Lease Application 6M/2026 and proposed processing site. Subsequent Events – Golden Ridge Subsequent to the end of the financial year, Flynn announced a number of important initiatives designed to accelerate Golden Ridge towards Mineral Resource definition and evaluate potential low-capital development pathways. Ore Purchase Agreement with Henty Gold Mine On 6 August 2026, Flynn announced that it had executed a non-binding Ore Purchase Agreement with Henty Gold Pty Ltd, a wholly-owned subsidiary of Kaiser Reef Limited (ASX:KAU) and operator of the Henty Gold Mine in western Tasmania. The agreement establishes a framework and indicative commercial terms under which Henty Gold Mine may purchase gold-bearing ore or concentrates supplied by Flynn for processing through the existing Henty processing facility. Review of Operations FG1 | Annual Report 30 June 2026 | 14 While non-binding, the agreement provides Flynn with the opportunity to investigate a potentially lower- capital pathway to production from its Tasmanian gold projects, initially focused on Golden Ridge. Resource Definition Drilling at Brilliant On 10 August 2026, Flynn announced an initial 21-hole, approximately 2,500m resource definition drilling program at Brilliant. The program comprises in-fill and extensional drilling designed to support Mineral Resource studies and represents the first drilling undertaken at Brilliant since 2022. Recent trenching at Brilliant confirmed a continuous near-surface gold mineralised footprint extending for more than 110m of strike and remaining open to the north-east. Trench Channel sample interval BTR01A 20m @ 0.60g/t Au, including 9m @ 0.84g/t Au BTR01B 28m @ 0.34g/t Au, including 10m @ 0.53g/t Au BTR02 33m @ 0.56g/t Au, including 11m @ 1.04g/t Au BTR04 32m @ 0.37g/t Au, including 10m @ 0.77g/t Au Brilliant is the first of the Golden Ridge Exploration Target prospects being systematically advanced towards a maiden Mineral Resource Estimate. Planning is also underway for follow-up resource drilling at Trafalgar and exploration drilling across the largely untested trend between the two prospects. Metallurgical Testwork Subsequent to year-end, Flynn also reported results from a further program of metallurgical testwork undertaken on 35 low to medium-grade samples from Trafalgar. The testwork achieved average cyanide gold extraction of 94%, consistent with earlier testwork at Trafalgar which returned average extraction of 94.5%, and at Grenadier which achieved average extraction of 94.9%. The latest samples were predominantly sourced from lower-grade mineralisation outside the high-grade vein domains used to estimate the 2024 Trafalgar Exploration Target. The results therefore provide an encouraging indication of the leachability of the broader lower-grade mineralised envelope and support further investigation of potential bulk-mining and low-capital development scenarios. Further metallurgical testwork is planned to evaluate recoveries under potential commercial processing conditions and investigate whether run-of-mine material could be beneficiated into a higher-grade ore or concentrate suitable for processing at Henty or by other potential buyers. Firetower Gold-Tungsten Project The Firetower Project is located in north-western Tasmania within the north-eastern extension of the highly mineralised Mt Read Volcanics and covers an area of approximately 62km². Historical exploration at Firetower was predominantly focused on gold. While anomalous tungsten and cobalt were identified by previous explorers, these commodities were not systematically evaluated. During FY2026, Flynn substantially advanced its understanding of the polymetallic nature and scale potential of the Firetower mineral system through systematic re-sampling and re-assaying of historical drill core followed by a new diamond drilling program. Review of Operations FG1 | Annual Report 30 June 2026 | 15 Historical Core Re-Sampling The Company’s re-sampling program targeted historical drill core with gold-mineralised intervals which had either not been assayed for tungsten and cobalt or had been analysed using methods considered less suitable for accurately determining tungsten grades. Selected samples from drill holes were also sent for re-assay using the lithium borate fusion followed by X-ray fluorescence process (XRF15b method), which provides a total digest suitable for scheelite and other tungsten-bearing minerals, thereby enabling more accurate determination of tungsten grades in mineralised zones. Some of the significant re-sampling results included: Hole Significant result GP90-10 17m @ 4.1g/t Au, 0.21% WO₃ and 0.04% Co from 7m, including 6m @ 9.27g/t Au, 0.59% WO₃ and 0.08% Co, including 3m @ 17.20g/t Au and 1.10% WO₃ 2019FTD011 10m @ 2.64g/t Au and 0.19% WO₃ from 63m, including 4m @ 2.75g/t Au and 0.46% WO₃ 2019FTD012 17m @ 1.65g/t Au and 0.17% WO₃ from 76m, including 2m @ 2.41g/t Au and 0.58% WO₃ and 2m @ 4.09g/t Au and 0.55% WO₃ The re-assaying program reinforced Flynn’s interpretation that Firetower hosts a significant polymetallic gold- tungsten system with cobalt and copper potentially providing additional valuable components. Diamond Drilling During the June 2026 quarter, Flynn commenced a diamond drilling program at Firetower designed to test down-dip extensions to high-grade polymetallic mineralisation, collect fresh core for metallurgical testwork and provide data to support a maiden Mineral Resource Estimate. Subsequent to year-end, assay results from the first hole, 2019FTD014E, confirmed that the mineralised system extends to more than 200m vertical depth. Hole / Sample Significant result 2019FTD014E 9.64m @ 2.49g/t Au, 0.29% WO₃, 0.52% Cu, 0.04% Co and 9.9g/t Ag from 200.13m, including 3.77m @ 4.30g/t Au, 0.30% WO₃, 0.37% Cu, 0.13% Co and 11.24g/t Ag, including 1.47m @ 4.62g/t Au, 1.10% WO₃, 2.20% Cu, 0.07% Co and 29.42g/t Ag The intersection was located approximately 83m down-dip of previously reported mineralisation and provides strong evidence of continuity at depth. Firetower mineralisation has been demonstrated over approximately 250m of strike and to more than 200m vertical depth and remains open along strike and at depth. The drilling program was completed with 5 holes drilled, with results for the final 2 drill holes outstanding as at the date of this report. Follow-up activities planned for the remainder of 2026 are completion of metallurgical testwork, geological modelling, review of historical geophysical surveys and progressing the project towards a maiden Mineral Resource Estimate. Review of Operations FG1 | Annual Report 30 June 2026 | 16 t Figure 5: Firetower Project Drill Hole Plan. Figure 6: Firetower Project Cross-Section Henty Silver-Lead-Zinc Project Flynn’s Henty Project comprises two Exploration Licences adjacent to the historical mining town of Zeehan in western Tasmania, one of Australia’s most significant historical silver mining districts. The project contains numerous historical silver-lead-zinc mines and prospects characterised by narrow, high- grade structurally controlled vein systems. Following reconnaissance sampling and geophysical interpretation undertaken in FY2025, Flynn commenced its first diamond drilling program at the Silver King Trend during FY2026. Silver King Trend The program represented the first modern drilling undertaken along the Silver King Trend in more than 80 years. Five diamond holes totaling 1,102m were completed at the Silver King and South King prospects, with an additional 146.6m hole completed at Grieves Siding. All five holes drilled along the Silver King Trend intersected silver-lead-zinc mineralisation, confirming mineralised vein structures beneath both the Silver King and South King historical mining centres. Hole / Sample Significant result SKDD001 1.0m @ 1,349.9g/t AgEq from 101.0m, including 0.4m @ 3,087.7g/t AgEq SKDD003 0.75m @ 797.6g/t AgEq from 102.8m and 1.0m @ 478.3g/t AgEq from 104.1m SKDD005 0.24m @ 609.9g/t AgEq from 123.9m and 0.2m @ 751.5g/t AgEq from 178.0m The drilling significantly improved Flynn’s understanding of the structural controls on mineralisation and supported an emerging model comprising strike-extensive vein systems hosting multiple high-grade shoots. Four principal high-grade shoot target areas have been interpreted along the approximately 1.6km Silver King Trend, comprising Silver King, South King, Fahey’s Gap and Sunrise-Bell. Review of Operations FG1 | Annual Report 30 June 2026 | 17 Review of Operations Regional exploration also continued to identify high-grade mineralisation outside the Silver King Trend. A total of 74 rock-chip samples were collected from historical workings, mullock dumps and mineralised float, of which 44 returned grades exceeding 311g/t (10oz) AgEq and 13 exceeded 933g/t (30oz) AgEq. The results indicate that high-grade silver-lead-zinc mineralisation occurs across multiple parallel vein trends and significantly expand the district-scale exploration opportunity at Henty. Future work will include geological and structural modelling, further mapping and sampling and generation of priority targets for follow-up drilling. Figure 7: Henty Project Silver King Area Location Plan. FG1 | Annual Report 30 June 2026 | 18 Review of Operations Figure 8: Silver King Trend Long Section – Targets Map. Warrentinna Project The Warrentinna Project is located approximately 40km north-west of Golden Ridge and hosts the historical Warrentinna and Forester goldfields as well as prospective tungsten mineralisation. During FY2026, Flynn completed reconnaissance mapping and sampling at the Gorge Creek Tungsten Prospect. Sampling identified a broad, coherent tungsten-bismuth anomaly extending over approximately 400m by 150m, including a higher-grade zone approximately 250m by 60m. Gorge Creek – Emerging Tungsten Target Peak rock-chip assays from the Gorge Creek Prospect included results of up to 14.75% WO₃, with associated silver, gold and bismuth. The anomaly remains open along strike and there is no evidence of it having been drill tested. Interpretation of LiDAR data and detailed geological mapping indicates that the highest density of tungsten-bearing quartz veining is developed around a prospect-scale fold hinge, interpreted to represent an important structural control on mineralisation. Future work will focus on defining the scale, geometry and controls of the tungsten-gold-silver-bismuth mineralisation and assessing potential drill targets. FG1 | Annual Report 30 June 2026 | 19 Review of Operations Figure 9: Gorge Creek tungsten anomaly plan showing rock-chip sampling and interpreted fold-hinge structural control. Mangana Gold Project The Mangana Gold Project is located approximately 25km south-west of Golden Ridge and covers the historical Mangana Goldfield, which includes the high-grade Golden Entrance mine. During FY2026, Flynn undertook its first diamond drilling program at Mangana, supported by co-funding under the Tasmanian Government’s Exploration Drilling Grant Initiative. Four diamond holes totaling 691m were completed at Golden Entrance to test interpreted extensions of historically mined high-grade gold shoots beneath the old workings in an area with no previous drilling. All four holes intersected the targeted structural corridor, including zones of quartz veining, shearing and sulphide mineralisation. While narrow anomalous gold intervals confirmed continuation of the target structures at depth, the program did not intersect the high-grade ore shoots targeted. In parallel, Flynn undertook underground and surface sampling across the project. Sampling at Golden Entrance returned gold grades of up to 63.0g/t Au and 37.1g/t Au from quartz veins exposed in historical underground workings, while surface rock-chip samples returned grades of up to 10.5g/t Au. At the nearby Buckland prospect, sampling returned grades of up to 97.4g/t Au from a quartz vein exposed within an historical adit, highlighting an additional high-priority exploration target. Future exploration at Mangana will focus on generating and refining targets across the broader goldfield, including follow-up mapping and sampling at Buckland. FG1 | Annual Report 30 June 2026 | 20 Western Australian Projects During FY2026, Flynn continued to rationalise its non-core Western Australian exploration portfolio as part of its strategy to concentrate funding and management resources on its Tasmanian assets. In July 2025, the Company completed the sale of Exploration Licence E45/5055, part of the Mount Dove Project, to Northern Star Resources Limited fo