June 2025 Quarterly Activities Report and Appendix 5B

HIGHLIGHTS

Exploration – Golden Ridge Project, NE Tasmania

Grenadier Prospect

• Significant new quartz vein system extending over a strike length of at least 300m confirmed via trenching and sampling.

• Bulk sample collected for metallurgical testwork, with sighter assays averaging 10.5g/t Au and 95% gold recoveries achieved from conventional leach test work

• Drilling commenced in late June to test the down-dip continuity of high-grade quartz-sulphide veins exposed near-surface and to investigate structural controls on the gold mineralisation

Trafalgar Prospect

• Two drill-holes completed at Trafalgar North for 355.9m, with assays confirming the presence of gold mineralisation along strike

• Four drill-holes completed at Trafalgar for 879m, targeting multiple high-grade gold veins beneath historical mine workings – assays pending

Double Event Prospect

• Emerging gold target identified with rock chip samples recording grades of up to 44.5g/t Au

• Trenching program around historical workings commenced during the quarter – assays pending

Corporate

• The Company’s cash position at 30 June 2025 was $1.2 million