Announcement PDF ABN 82 644 122 216 Annual Report For the year ended 30 June 2025 Table of Contents Corporate Directory 2 Chair’s Letter 3 Review of Operations 6 Directors’ Report 20 Remuneration Report 28 Auditor’s Independence Declaration 37 Consolidated Statement of Loss and Other Comprehensive Loss 39 Consolidated Statement of Financial Position 40 Consolidated Statement of Changes in Equity 41 Consolidated Statement of Cash Flows 42 Notes to the Consolidated Financial Statements 43 Consolidated entity disclosure statement 63 Directors’ Declaration 64 Independent Auditor’s Report 65 Shareholder Information 68 FG1 | Annual Report 2025| 1 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 Computershare Investor Services Pty. Ltd. Yarra Falls 452 Johnston Street Abbotsford Victoria 3067 Telephone: 1300 850 505 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 2025 | 2 Chair’s Letter FG1 | Annual Report 2025 | 3 Chair’s Letter Dear Fellow Shareholders, I am pleased to present Flynn Gold Limited’s (“Flynn” or the “Company”) Annual Report for the financial year 2025 – another busy year marked by strong progress as we continue to unlock the significant potential of our high-quality gold and critical minerals portfolio in Tasmania. Tasmania’s vast mineral wealth, world-class infrastructure and rich mining heritage provide an exceptional backdrop for exploration success. Flynn is proud to be at the forefront of advancing this under-recognised jurisdiction, with the proactive support of the Tasmanian Government and Mineral Resources Tasmania. Golden Ridge – Building Scale and Momentum Our flagship Golden Ridge Project in north-eastern Tasmania remained the Company’s primary focus during the year. The exploration model presented here is based on high-grade orogenic gold discoveries similar to those that have recently attracted investor attention to our north at locations such as Sunday Creek and Bendigo in Victoria. Our exploration activities have continued to define what appears to be a large, intrusive-related gold system at Golden Ridge. Late last year, we announced an inaugural JORC-compliant Exploration Target across the Trafalgar, Brilliant and Link Zone prospects – providing the clearest insight yet into the scale potential of the project. Importantly, the Exploration Target remains open in all directions and covers less than 30 per cent of the known strike length of the 9km mineralised corridor – highlighting significant growth potential. Flynn is now working to grow this Exploration Target by progressively testing the large number of additional targets that sit along the prospective contact horizon. We advanced several new and emerging discoveries during the year, including: • Grenadier – where our exploration has defined high-grade gold-bearing quartz sulphide veins extending over 300 metres and a bulk sample returned an exceptional 10.5g/t average gold grade with metallurgical testwork confirming 95% recoveries. Diamond drilling was recently completed with assays pending as this report was being finalised. • Double Event – where multiple high-grade gold-bearing quartz-sulphide veins have been defined over a 275-metre strike extent, delivering some of the highest-grade assays seen at Golden Ridge to date. Diamond drilling was in progress as this report was being finalised. In parallel, we commenced work to actively progress Golden Ridge towards development, with site selection processes underway for future mining infrastructure. Notably, all activities were completed with a fourth consecutive year of zero lost-time incidents. Advancing Our Broader Portfolio Beyond Golden Ridge, we completed a geophysical review of our Henty Silver-Lead-Zinc Project near Zeehan, one of Australia’s most prolific silver districts. Results to date confirm strong prospectivity, with exploration programs planned for the financial year 2026. This remains an attractive opportunity for Flynn, particularly in light of silver’s continued strong demand fundamentals, underpinned by its growing use in the manufacture of solar panels and other industrial applications. FG1 | Annual Report 2025 | 4 Chair’s Letter Outlook and Thanks Looking to the future, the coming year is poised to be an exciting period for Flynn as we work towards developing a major new high-grade gold mine in Tasmania. Our key objectives are to upgrade our existing Exploration Target at Golden Ridge and convert it into a maiden Mineral Resource, progress project permitting and advance our other emerging prospects towards discovery and development. I would like to sincerely acknowledge the hard work and commitment of the Flynn team, led by our Managing Director, Neil Marston. I would also like to thank all our supportive shareholders and key stakeholders for their continued support – in particular, our major shareholder, Colin Bourke, whose unwavering support has been instrumental in positioning Flynn for long-term growth. With a strong foundation, supportive partners, and a portfolio rich in opportunities, Flynn is well placed to deliver on its strategy of building a significant new gold business in Tasmania. Yours sincerely Clive Duncan Non-Executive Chair FG1 | Annual Report 2025 | 5 Review of Operations FG1 | Annual Report 2025 | 6 Review of Operations Company Background Flynn Gold Limited is an Australian mineral exploration company with a portfolio of 100%-owned exploration projects in Tasmania and Western Australia (see Figure 1). The Company has ten 100%-owned tenements in north-east Tasmania which are highly prospective for high-grade gold as well as tin-tungsten. The Company also holds the Henty silver-lead-zinc project located on Tasmania’s mineral-rich west coast and the Firetower gold and battery metals project located in north-western Tasmania. Flynn has also established a portfolio of gold, lithium and iron ore exploration assets in the Pilbara and Yilgarn regions of Western Australia. Figure 1: Projects Location Map FG1 | Annual Report 2025 | 7 Review of Operations Tasmania Projects Over the past financial year, the Company’s exploration efforts have been primarily focused on the flagship Golden Ridge Gold Project in north-east Tasmania, with preliminary exploration also commenced over the Henty Silver-Lead-Zinc Project located in north-west Tasmania. The exploration strategy for the Tasmanian projects is aimed at discovering new gold and silver mineralisation using structural interpretation, geological mapping, geochemistry, trenching and drilling. Target selection and testing utilise a model‐driven approach, based on the ore genesis models. Figure 2: Project’s Location Map FG1 | Annual Report 2025 | 8 Review of Operations Golden Ridge Project The Golden Ridge Project consists of multiple prospects and historical gold workings along a nine-kilometre-long intrusive granodiorite-hornfels metasediment contact zone where Flynn is actively exploring to identify and test multiple exploration targets, intending to make further high-grade gold discoveries. Vein-hosted gold mineralisation at Golden Ridge is interpreted to be an Intrusive Related Gold System (IRGS), comprising auriferous quartz veins with accessory pyrite, arsenopyrite and galena. While the mineralisation often sits within discrete veins, it also occurs over wider intervals that include stockwork, multiple sub-parallel vein sets and sheeted veins. Auriferous quartz veins are generally sub-vertical to steeply dipping. The mineralised system is identified as a prominent resistive ridge of Mathinna sediments at the hornfelsed contact margins of the Golden Ridge Granodiorite. Notably, this ridge coincides with the area where most historic mining and recent exploration activities have been concentrated (Figure 3). Trafalgar was the only recognised historical mine to host gold veins within the granodiorite, however, recent work by Flynn has identified additional gold vein mineralisation within the granodiorite at the Grenadier and Double Event prospects, significantly expanding the project’s growth potential and scale opportunity. Figure 3 – Golden Ridge Project, NE Tasmania, showing prospect areas FG1 | Annual Report 2025 | 9 Review of Operations Exploration Target Flynn announced a maiden JORC-compliant Exploration Target for the Trafalgar, Brilliant and Link Zone prospects at the Golden Ridge Project during the reporting period. The combined Exploration Target range is listed in Table 1: Tonnes Range (Mt) Low 3.5 Grade Range (g/t Au) High 5.4 Low 3.0 Contained Au Range (oz) High 4.0 Low 449,000 High 520,000 Table 1: Combined Exploration Target for Trafalgar, Brilliant and Link Zone Table 2 below provides a summary of the Exploration Targets* for each prospect: Tonnes Range (Mt) Grade Range (g/t Au) Contained Au (oz) Prospect Trafalgar Brilliant Link Zone Total Low High Low High Low High 1.6 1.4 0.6 3.5 2.2 2.2 0.9 5.4 4.5 1.6 2.8 3.0 6.0 1.9 3.5 4.0 303,000 82,000 64,000 449,000 322,000 115,000 83,000 520,000 Table 2: Exploration Targets for Trafalgar, Brilliant & Link Zone prospects at the Golden Ridge project *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. The combined Exploration Target is limited to areas where Flynn has drill-tested vein mineralisation and does not include zones of anomalous soil geochemistry, which the Company considers highly prospective for gold mineralisation and plans to drill-test in the future. Drilling at the Trafalgar, Brilliant, and Link Zone prospects has defined a significant gold-mineralised zone extending over ~3 km of strike, within a broader 9 km corridor of gold anomalism along the contact between the Golden Ridge granodiorite and the Mathinna Supergroup metasediments. Potential gold vein extensions at Trafalgar and Brilliant, indicated by anomalous gold-in-soil geochemistry along strike and adjacent to the defined Exploration Target veins, were excluded from the current Exploration Target calculation. FG1 | Annual Report 2025 | 10 Review of Operations Grenadier Prospect Trenching Program The Grenadier Prospect is an emerging discovery within the Golden Ridge Project that has gained strong momentum during the reporting period. Initially identified through soil and rock chip sampling in early 2024, the prospect was subsequently advanced with an extensive trenching program. High-grade gold-bearing quartz veins that strike to the north-east were exposed, with high-grade assay results from channel sampling shown in Figure 4. The gold mineralisation at Grenadier is hosted in steeply-dipping, northeast-striking quartz veins containing arsenopyrite and pyrite – characteristic of intrusive-related gold systems and mineralised veining observed across the broader Golden Ridge Project area. The trenching program has defined three major quartz sulphide veins – G1, G2, and G3 – with the vein system defined over a total strike distance of over 300m trending to the north-east, within a 150 metre wide corridor. Figure 4 – Grenadier Prospect, Trench Area Plan FG1 | Annual Report 2025 | 11 Review of Operations Diamond Drilling Subsequent to the end of the reporting period, Flynn commenced a maiden diamond drilling program at Grenadier. The program comprised seven diamond drill-holes for a total of approximately 874m. This maiden drilling program is designed to test the down-dip continuity of high-grade quartz-sulphide veins exposed near surface in recent trenching and investigate the structural controls of the gold mineralisation at Grenadier. Full assay results are pending as at the date of this report. Bulk Sample Metallurgical Testwork The Company collected a bulk sample of approximately 10 tonnes from the G2 Vein exposed in Trench 9. The bulk sample comprised fresh to partially oxidised arsenopyrite-pyrite bearing quartz vein material. A sighter program of metallurgical testwork was undertaken on sub-samples of the bulk sample, with the aim of establishing whether the gold hosted in the high-grade G2 Vein zone has potential to be recovered using conventional cyanide leaching processes. A total of six representative grab samples, each between 4.5kg – 6.5kg in weight, were collected from the bulk sample and sent to Australian Laboratory Services Pty Ltd (ALS) for crushing and duplicate splitting to make 12 samples for test work. Overall, the average gold recovery was 94.9% across the 12 samples. The average total gold grade of the 12 samples was 10.54g/t Au, which is comparable to the in-situ gold assays of between 6.6g/t Au and 11.8g/t Au from G2 vein samples collected in Trench 9. Importantly, the average gold recovery of 94.9% for the Grenadier samples is very similar to earlier testwork undertaken on 26 drill samples from the Trafalgar Prospect in 2023, which yielded an average gold recovery of 94.5%. Based on these preliminary testwork results, it appears that gold mineralisation at Golden Ridge will be recoverable using standard cyanide leach processes. Trafalgar Prospect Flynn completed Phase 3 and Phase 4 diamond drilling programs at the Trafalgar Prospect during the reporting period. Trafalgar North The Phase 3 program in 2024 led to the discovery of a new zone of gold mineralisation in surface trenches approximately 250m north of the historical Trafalgar mine. Two diamond holes for 623m (TFDD019 and TFDD020) were completed at Trafalgar North, testing beneath and along strike of mineralisation discovered in the trenches. FG1 | Annual Report 2025 | 12 Review of Operations Drill hole TFDD019 was primarily designed to test depth extensions of the gold-bearing quartz vein zone at approximately 100 metres beneath the surface. Multiple zones with visible signs of mineralisation were successfully intersected in the target area, with significant intercepts for TFDD019 including: • 4.8m @ 4.0g/t Au from 165.6m; including ◦ 0.4m @ 17.9g/t Au from 166.9m; and ◦ 0.4m @ 24.0g/t Au from 170.0m TFDD019 also tested the up-dip position of veins intersected in TFDD002 (4.3m @ 4.3g/t Au from 594.7m) with a high-grade vein (0.3m @ 25.1g/t Au) intersected at 440.5m depth. This vein is interpreted to be a continuation of the veins intersected 80m below in TFDD002. Step-out hole TFDD020 was designed to test the along-strike continuation of the mineralised zone 50m to the west of TFDD019 (see Figure 5). Sulphide-rich quartz-arsenopyrite-pyrrhotite veining was intersected at 53.4m depth (0.35m @ 40.0g/t Au) and quartz-arsenopyrite-galena veining was intersected at a depth of 115.4m down-hole (0.35m @ 26.6g/t Au). Significant intercepts for TFDD020 included: • • 3.05m @ 4.9g/t Au from 53.1m including ◦ 0.35m @ 40.0g/t Au 2.7m @ 4.1g/t Au from 115.4m, including ◦ 0.35m @ 26.6g/t Au The results confirm strike continuity over 50 metres from TFDD019 with gold mineralisation open in all directions. Phase 4 drilling at Trafalgar North was completed along strike from the known mineralisation, with two diamond holes (TFDD021 and TFDD022) completed for a total of 355.9m. Results from TFDD021 confirmed the south-western extension of the mineralised trend with multiple anomalous intercepts, including 0.5m @ 2.9g/t Au from 72m, extending the mineralised footprint along strike. Assays from TFDD022 returned several anomalous intervals, including 2.0m @ 1.2g/t Au from 35m, confirming that the mineralisation continues for a further 60m to the north-east. Trafalgar The Phase 4 campaign at the Trafalgar Prospect commenced in early April 2025, with four drill holes (TFDD023 to TFDD026) completed by the end of the reporting period, for a total of 879m. Drilling targeted extensions of high-grade gold intercepts identified in previous drilling campaigns. Assay results for these holes were reported subsequent to the end of the reporting period. Multiple high-grade gold intercepts returned, confirming the continuity of mineralisation across the Trafalgar Main, Magazine and South Zones Gold was intersected in all holes, with key intersections including: TFDD023: • • • 1.8m @ 3.8g/t Au from 120.0m, including ◦ 0.6m @ 9.3g/t Au, and 5.4m @ 2.1g/t Au from 133.2m, including ◦ 1.2m @ 5.1g/t Au, and 0.7m @ 15.7g/t Au from 162.5m FG1 | Annual Report 2025 | 13 Review of Operations TFDD025: • • 8.0m @ 1.2g/t Au from 34.0m, including ◦ 0.85m @ 4.2g/t Au, and ◦ 1.0m @ 4.1g/t Au, and 0.3m @ 16.1g/t Au from 47.7m TFDD026: • • 4.0m @ 2.5g/t Au from 290.6m, including ◦ 0.3m @ 5.7g/t Au, and ◦ 0.9m @ 7.6g/t Au, and 0.3m @ 12.9g/t Au from 297.9m The drilling campaign has further validated the geological model at Trafalgar, particularly in the deeper sections of the Main Zone, where mineralisation remains open both at depth and along strike. Figure 5 – Trafalgar Prospect drill-hole location plan FG1 | Annual Report 2025 | 14 Review of Operations Double Event The Double Event prospect is located approximately 1km north of the historical Trafalgar gold mine (Figure 3) along the same granodiorite-metasediment contact. Fieldwork undertaken during the reporting period confirmed the location of both the historical Double Event shaft and the adit. Several shallow historical trenches/pits were also located to the east of the shaft. Adjacent to the now-collapsed adit portal, a mullock dump containing mineralised quartz was observed and sampled. A total of eight rock samples were collected at Double Event, including: • • • • Four samples of quartz with arsenopyrite veins from the historic mullock dump near the collapsed adit, which recorded gold grades of 7.93g/t, 18.5g/t, 40.9g/t and 44.5g/t Au; Two samples of quartz with arsenopyrite veins from mullock near the historical shaft, which recorded gold grades of 7.39g/t and 17.5g/t Au; One float sample from a historical trench east of the shaft, which recorded 0.24g/t Au; and One float sample taken at the bottom of the ridge, which recorded 0.11g/t Au. Subsequently, a series of shallow trenches were excavated at Double Event, both east and west of the historical shaft (Figure 6). Assay results from these trenches were reported subsequent to the end of the reporting period, confirming multiple high-grade gold-bearing quartz-sulphide veins over an open 275-metre strike length. Significant assays from initial trench channel samples include: • • • • Trench 8: 2.6m @ 6.4g/t Au, including 0.2m @ 15.2g/t Au and 0.8m @ 16.5g/t Au Trench 6: 0.4m @ 17.4g/t Au and 0.3m @ 17.0g/t Au Trench 5: 2.7m @ 2.6g/t Au, including 0.2m @ 23.5g/t Au Trench 4: 1.2m @ 9.5g/t Au Further trenches are planned to test the eastern and western extensions of the quartz-sulphide vein system. The Company has commenced its inaugural drilling program at Double Event, targeting the high-grade gold vein swarms beneath the previously trenched area. FG1 | Annual Report 2025 | 15 Review of Operations Figure 6 – Double Event Prospect – Trench Area Plan Henty Silver-Lead-Zinc Project The Henty Project near Zeehan in NW Tasmania has several high priority silver-lead-zinc prospects, some with historical mining production from the period 1890 – 1914. During that period, the Zeehan Mineral Field became renowned as the centre of major silver-lead mining activities from many rich, high-grade deposits. During the reporting period, Flynn commenced a comprehensive review of geophysical data and related information covering the silver-lead-zinc prospects at its Henty Project. The review, undertaken by Resource Potentials Pty Ltd, was intended to guide follow-up exploration and drill planning. The review identified multiple lode vein trends at the Henty Project that were historically prospected and mined for their high-grade silver-lead mineralisation. These include the Silver King, Austral-Oceana, and Mariposa trends located on EL3/2018 (see Figure 7). Historically, these trends were worked as separate small-scale mining and prospecting operations, with the lack of consolidation limiting the potential for larger-scale development. Flynn geologists undertook mapping and rock chip sampling over parts of EL3/2018, with a total of 17 reconnaissance grab rock samples collected from the Silver King, Austral, Austral Flux, Watt and McAuliffes, and Perrys No.2 historical silver workings (see Figure 8). The samples were collected from rock dumps and surface rock float in and around the historical small-scale mine workings. FG1 | Annual Report 2025 | 16 Review of Operations Figure 7 – Henty Project, Geology and Prospects Nine of the 17 rock samples collected returned assay results exceeding 10 ounces/tonne silver (311g/t Ag), with coincident anomalous to high-grade lead and zinc values. FG1 | Annual Report 2025 | 17 Review of Operations Highlights from the assay results included: • • • • AV007 – 1,120g/t Ag, 52.1% Pb and 3.1% Zn AV016 – 777g/t Ag and 50.9% Pb AV011 – 720g/t Ag and 43.6% Pb AV001 – 420g/t Ag, 51.3% Pb and 18.5% Zn The assay results confirm the presence of highly anomalous silver-lead-zinc vein systems in the Henty Project area, confirming that the wider system warrants further review and investigation. Planning is underway for drill testing at the Silver King prospect in EL3/2018 and at Grieves Siding on EL6/2015. Figure 8 – Zeehan Area Sampling Results FG1 | Annual Report 2025 | 18 Review of Operations Beaconsfield Project During the reporting period, Flynn was granted Exploration Licence EL13/2024 (see Figure 2). The 40km² Exploration Licence surrounds the Mining Lease covering the high-grade Beaconsfield Gold Mine and covers a highly prospective 12km corridor that contains numerous historical gold workings and prospects. Warrentinna Project The Warrentinna Project (EL30/2004) is located 40km north-west of Flynn’s Golden Ridge Project. Warrentinna hosts two historic goldfields, Forester and Warrentinna, where high-grade deposits were mined during the late 1800s and early 1900s. The Warrentinna goldfield is defined by numerous historic workings and largely untested prospects over a strike length of 6km. High-grade gold quartz lodes were previously mined at surface and underground, including at the Golden Mara mine, which produced 3,368oz at an average of 1 oz/tonne1. During the reporting period, limited fieldwork and sampling was completed at the Mount Horror tungsten prospect within the Warrentinna Project. Firetower Project The Firetower Project is located in north-west Tasmania and covers an area of 62 square kilometres. The project lies in the eastern parts of the highly mineralised Mt Read volcanic sequence which hosts several major deposits, including the Hellyer and Rosebery polymetallic mines, the Mt Lyell copper-gold deposit, and the Henty gold mine. At the Firetower prospect, polymetallic gold-cobalt-tungsten-copper mineralisation prospect has been defined by historic drilling over a 250m strike length. The mineralisation, which partly outcrops, has been drill-tested to a depth of approximately 150m and remains open down-plunge. Previous explorers recorded anomalous cobalt and tungsten results, though these were not systematically followed up. During the reporting period, Flynn undertook photographing and multi-element re-sampling of historic diamond drill core, along with geological modelling to improve understanding of the prospect’s geology. WA Gold-Lithium Projects Flynn holds four projects in Western Australia, strategically located in districts hosting large gold and lithium deposits, as well as in underexplored districts considered prospective by the Company. During the reporting period, Flynn completed a limited field reconnaissance program at its Yarrie Project and undertook a review of its Western Australia land holdings. This review led to the surrender of E45/5732 (Yarrie); E63/2229 and E63/2230 (Lake Johnston); E45/6156, E45/6157 and E45/6158 (Mt Dove); and E77/2739 (Koolyanobbing). In addition, the one-year option to acquire the Parker Dome Project was allowed to lapse. Subsequent to the end of the reporting period, Flynn divested E45/5055 (Mt Dove) to Northern Star Resources for $200,000 in cash, with settlement completed in August 2025. The Company continues to actively pursue divestment or joint venture opportunities for its remaining non-core Western Australian exploration assets, with proceeds to be directed towards further advancing its high-potential Tasmanian projects. 1 Blake, F. 1934b. The Golden Mara Mine, Warrentinna. Unpublished Report, Department of Mines, Tasmania. FG1 | Annual Report 2025 | 19 Directors’ Report FG1 | Annual Report 2025 | 20 Directors’ Report The Directors of Flynn Gold Limited and the entities controlled (“Group”) present their report, together with the financial statements for the year ended 30 June 2025. Directors The names and details of the Group’s Directors in office during the financial year and until the date of this report (unless otherwise stated) are as follows: • • • • Clive Duncan (Non-Executive Chair) Neil Marston (Managing Director & CEO) Sam Garrett (Technical Director) John Forward (Non-Executive Director) Directors have been in office for the entire period to the date of this report unless otherwise stated. Directors’ Information Mr Clive Duncan (Non-Executive Chair) Clive was a Senior Executive with the Wesfarmers-owned household hardware chain Bunnings Group where he worked in various capacities for over 40 years. As an Executive Director of the board of Bunnings Group, Clive gained extensive experience within multiple functions, including corporate/business development, mergers and acquisitions, business integrations, sales and profit growth, corporate governance, stakeholder relationships, strategy development, retail operations, merchandising, marketing and store development programs. Over his extensive career with the Bunnings Group, Clive was a key executive contributor to the establishment and continued development of the company into one of Australia’s most recognisable and successful retail organisations. Clive has completed the Harvard Program for Management Development at the Harvard Business School, and Finance for Non-Finance Executives at the London Business School. Clive is a Member of the Australian Institute of Company Directors (AICD). Other current ASX listed directorships Nil Former ASX listed directorships in last 3 years Nil Interest in shares 9,490,676 Fully Paid Ordinary Shares Interest in options 1,000,000 Listed Options Ex $0.075, expiring 7 November 2026 1,250,000 Unlisted Options Ex $0.04, expiring 23 April 2028 Interest in rights Nil FG1 | Annual Report 2025 | 21 Directors’ Report Mr Neil Marston (Managing Director and CEO) Neil was appointed Chief Executive Officer on 24 August 2022 and Managing Director on 1 May 2023. Neil is a qualified accountant and Chartered Secretary and he was the founding Managing Director and Company Secretary of Bryah Resources Limited. Prior to this he was the Managing Director and Company Secretary of Horseshoe Metals Limited. Neil is a fellow of the Governance Institute of Australia and the Chartered Governance Institute and a Member of the Australian Institute of Company Directors (AICD). Neil has over 30 years of experience in the mining and minerals exploration sector and is a proven ASX-listed company leader, with a strong governance and corporate finance background. Other current ASX listed directorships Nil Former ASX listed directorships in last 3 years Nil Interest in shares 4,199,998 fully paid Ordinary Shares Interest in options 283,333 Listed Options Ex $0.075, expiring 7 November 2026 1,250,000 Unlisted Options Ex $0.04, expiring 23 April 2028 Interest in rights Nil FG1 | Annual Report 2025 | 22 Directors’ Report Mr Samuel Garrett (Technical Director) Sam has over 30 years of exploration management, project assessment and operations experience for both multi-national and junior mining and exploration companies, including roles with Phelps Dodge Corporation and Cyprus Gold. Sam has worked in eleven countries covering a broad range of geological environments. He is a specialist in copper and gold exploration with additional experience in iron ore, base metals and other specialist commodities. Highlights of Sam’s career include discovery credits for the Havieron prospect, now owned by Greatland Gold plc, the Tujuh Bukit gold-silver-copper mine in Indonesia currently operated by Merdeka Copper Gold, the Dinkidi gold deposit in the Philippines (Oxiana) and the Mt Elliot copper mine in Queensland (Cyprus Gold). He was also the owner and developer of a successful industrial minerals mine in Queensland, Australia. Sam’s technical studies were undertaken at the University of Tasmania where, following an undergraduate Bachelors Degree in Science (Geology), he went on to Honours (First Class) and a Masters of Economic Geology. In 2011, Sam was awarded a Masters of Applied Finance from Macquarie University. Sam is a Member of the Australian Institute of Company Directors (AICD), the Australian Institute of Geoscientists (AIG) and is a Fellow of the Society of Economic Geologists (SEG). O