Announcement PDF ANNUAL REPORT 2026 Corporate Information DIRECTORS Ashok Parekh — Non-Executive Chairman Grant Haywood — Managing Director & Chief Executive Officer Warren Hallam — Non-Executive Director Robert Waugh — Non-Executive Director COMPANY SECRETARIES Isabel Macchia — Company Secretary Brendan Shalders — Joint Company Secretary REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS Level 4, The West Centre, 1260 Hay Street, West Perth WA 6005 Telephone: +61 8 9386 9534 ACN 007 761 186 | ABN 88 007 761 186 POSTAL ADDRESS PO Box 1064, West Perth WA 6872 SHARE REGISTRY Automic Pty Ltd Level 5, 191 St Georges Terrace, Perth WA 6000 Telephone: 1300 288 664 AUDITORS KPMG 235 St Georges Terrace, Perth WA 6000 Telephone: +61 8 9263 7171 STOCK EXCHANGE LISTING Australian Securities Exchange (ASX) Level 40, Central Park, 152-158 St Georges Terrace, Perth WA 6000 Home Exchange: Perth ASX Code: MRT WEBSITE www.maritanaminerals.com.au MARITANA ANNUAL REPORT 2026 2 Forward Looking Statements and Other Important Information FORWARD LOOKING STATEMENTS Some statements in this report regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements include, but are not limited to, statements preceded by words such as “planned”, “expected”, “projected”, “estimated”, “may”, “scheduled”, “intends”, “anticipates”, “believes”, “potential”, “could”, “nominal”, “conceptual” and similar expressions. Forward looking statements, opinions and estimates included in this report are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward looking statements are provided as a general guide only and should not be relied on as a guarantee of future performance. Forward looking statements may be affected by a range of variables that could cause actual results to differ from estimated results and may cause the Company's actual performance and financial results in future periods to materially differ from any projections of future performance or results expressed or implied by such forward looking statements. These risks and uncertainties include but are not limited to liabilities inherent in mine development and production, geological, mining and processing technical problems, the inability to obtain any additional mine licences, permits and other regulatory approvals required in connection with mining and third party processing operations, competition for, among other things, capital, acquisition of reserves, undeveloped lands and skilled personnel, incorrect assessments of the value of acquisitions, changes in commodity prices and exchange rates, currency and interest rate fluctuations, various events which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions, the demand for and availability of transportation services, the ability to secure adequate financing, and management's ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward looking statements will prove to be correct. Statements regarding plans with respect to the Company's mineral properties may contain forward looking statements in relation to future matters that can only be made where the Company has a reasonable basis for making those statements. The Company believes that it has a reasonable basis for making the forward-looking statements in this report, including with respect to any production targets and financial estimates, based on the information contained in this report and in the Company's previous ASX announcements. MARITANA ANNUAL REPORT 2026 3 SCOPING STUDY CAUTIONARY STATEMENT Statements in this report relating to the Black Swan Processing Hub Scoping Study are based on the study originally released to the ASX on 17 February 2026 (“Studies Support Standalone Development in WA Goldfields”) and are preliminary in nature. The Scoping Study includes Indicated and Inferred Mineral Resources and is based on low-level technical and economic assessments that are insufficient to support estimation of Ore Reserves. There is no certainty that the study outcomes, including the production targets and financial assumptions referred to in this report, will be realised. The Company confirms that all material assumptions and technical parameters underpinning the Scoping Study production targets and financial information continue to apply and have not materially changed since that announcement. ASPIRATIONAL STATEMENT References in this report to the Company's vision of becoming a producer of approximately 100,000 ounces of gold per annum are aspirational statements and not production targets, and the Company does not have reasonable grounds to determine if this aspiration can or cannot be achieved at this time. This aspiration is dependent on a number of factors, including future exploration success, Ore Reserve and Mineral Resource definition, feasibility studies and the development of an extended mine plan. COMPETENT PERSONS AND JORC CODE COMPLIANCE Information in this report relating to Exploration Results, Mineral Resources and Ore Reserves is based on, and fairly represents, information compiled by the Competent Persons named in the Development & Operations Report section of this report, in accordance with the requirements of the JORC Code (2012). Each named Competent Person consents to the inclusion of the matters based on their information in the form and context in which it appears. Where this report refers to Exploration Results, Mineral Resources or Ore Reserves previously reported to the ASX, the Company confirms it is not aware of any new information or data that materially affects the information included in the relevant original market announcement, and that all material assumptions and technical parameters underpinning the relevant estimates continue to apply and have not materially changed, unless otherwise stated in this report. OTHER DISCLOSURES • All amounts in this report are expressed in Australian dollars unless otherwise stated. • Tonnage and grade figures in tables throughout this report are subject to rounding; minor discrepancies between individual figures and totals may occur as a result. • This report has been prepared in compliance with the JORC Code (2012) and the ASX Listing Rules (including Chapter 5) current as at the date of this report. • This report is not investment advice and does not constitute an offer, invitation or recommendation to subscribe for, or purchase, any security, nor does it form the basis of any contract or commitment. It does not take into account the investment objectives, financial situation or particular needs of any recipient. MARITANA ANNUAL REPORT 2026 4 MARITANA ANNUAL REPORT 2026 5 Corporate Information 2 Forward Looking Statements and Other Important Information 3 Introduction 7 FY26 Highlights 8 Chairman & CEO's Letter 14 Our Values 18 Corporate Review 20 Company Overview 21 Corporate Structure and Portfolio 21 Board and Management 21 Capital Management 22 Corporate Governance 22 Environment & Safety 23 Native Title and Community 23 Development & Operations Report 24 Boorara and Phillips Find Operations 25 Black Swan Processing Hub Development 26 Mine Readiness 28 Exploration 28 Mineral Resources and Ore Reserves 29 Competent Persons Statement 32 Events Subsequent to the End of the Period 34 Events Subsequent to the End of the Period 35 Tenement Schedule 38 Tenement Schedule 39 Additional Information 48 Directors' Report 52 Remuneration Report 60 Auditor's Independence Declaration 74 Directors' Declaration 75 Financial Statements 76 Consolidated Entity Disclosure Statement 123 Independent Auditor’s Report 124 01 02 03 04 05 06 07 CONTENTS. 01 Introduction MARITANA ANNUAL REPORT 2026 7 FY26 Highlights M Cash at bank, 30 June 2026 (up from $15.7M at 30 June 2025) $229.5 M o z Group gold Mineral Resource, 30 June 2026 (up 6.3% after mining depletion) 1.86 M Gold sales revenue for FY26* * Includes $15.7m from the Phillips Find project $80.4 MARITANA ANNUAL REPORT 2026 8 M Gain on the sale of the Lake Johnston asset $54 Ko z Group gold Ore Reserve, 30 June 2026 (up 148% after mining depletion) 204 MARITANA ANNUAL REPORT 2026 9 MARITANA ANNUAL REPORT 2026 10 OPERATIONAL HIGHLIGHTS • Open pit gold mining continued at Boorara and Phillips Find through the first half of FY26, generating gold sales revenue of approximately $80.4 million for the year. • Mining at both Boorara and Phillips Find was completed by December 2025, in line with plan; both sites were subsequently placed into care and maintenance. • Approximately 460,000 tonnes of ore (an estimated 14,200 ounces of gold) was retained in stockpile at Boorara to provide feed for the future commissioning of the Black Swan Processing Hub (BSPH). FINANCIAL AND CORPORATE HIGHLIGHTS • Cash and cash equivalents increased to $229.5 million at 30 June 2026, from $15.7 million at 30 June 2025. • Approximately $198 million of equity (before costs) was raised during the year while net proceeds of approximately $42.6 million1 was received from the sale of the non-core Lake Johnston nickel asset. • The Company fully converted and retired its outstanding Nebari convertible loan facility. • The Company changed its name from Horizon Minerals Limited to Maritana Minerals Limited on 10 April 2026 and subsequently joined the S&P/ASX All Ordinaries Index. • A 15:1 share consolidation was completed, approved at the November 2025 Annual General Meeting. • The Company's values were refreshed during FY26, introducing three core values — Own Our Part, Better Together and Responsible as a Company. • Key management personnel appointments including Elizabeth (Liz) Jones as Chief Operating Officer and Brendan Shalders as Chief Financial Officer. 1. Comprising $30m cash and $12.6m from the subsequent sale of Forrestania Resources (ASX:FRS) shares. MARITANA ANNUAL REPORT 2026 11 BLACK SWAN PROCESSING HUB DEVELOPMENT HIGHLIGHTS • A Scoping Study completed in February 2026 confirmed a robust standalone gold development: ~102,000oz per annum average production, 536,000oz recovered gold. • Front-End Engineering and Design (FEED), completed in June 2026, confirmed nameplate throughput could be increased from 2.2Mtpa to 2.5Mtpa. • BSPH execution readiness materially advanced through the appointment of Project Director and Owner's Engineering Team, progressing long- lead procurement and early works and contracting strategies, and advancing site infrastructure, water, power, access, and accommodation ahead of construction. EXPLORATION AND RESOURCE HIGHLIGHTS • High-grade exploration results at Burbanks, including 4.20m at 42.43g/t gold and an ultra-high-grade intercept of 0.3m at 5,848g/t gold. • The Company's Annual Mineral Resources and Ore Reserves Statement for the 12 months ended 30 June 2026 confirmed Gold Mineral Resources of 1.86 million ounces (up 6.3% despite mining depletion) and Gold Ore Reserves of 204,000 ounces (up 148%), driven by maiden Ore Reserves at Crake and Kalpini and an updated Boorara Open Pit Ore Reserve. • A 60,000 metre resource conversion drilling campaign commenced across Boorara, Coote, Gordons Dam and Crake. COMMUNITY HIGHLIGHT • Execution of a Native Title Land Use Agreement with the Marlinyu Ghoorlie claimant group, covering approximately 240 tenements and around 90% of the Company's land package. MARITANA ANNUAL REPORT 2026 12 MARITANA ANNUAL REPORT 2026 13 Dear Shareholders, On behalf of the Board and management, we are pleased to present Maritana Minerals Limited's Annual Report for the financial year ended 30 June 2026 (FY26) — a year in which your Company completed its transition from an emerging gold miner into a project developer of what we believe will become one of Western Australia's next standalone gold production hubs. Twelve months ago, the Company (then Horizon Minerals Limited) was generating cash flow from open pit mining at Boorara and Phillips Find while progressing early studies into converting the BSPH, acquired through the February 2025 merger with Poseidon Nickel Limited, from a mothballed nickel concentrator into a gold processing plant. Over the course of FY26, that plan advanced from concept to a fully scoped and well-funded development, and in April 2026 the Board approved a change of the Company's name to Maritana Minerals Limited, to better reflect this new chapter. Maritana subsequently joined the S&P/ASX All Ordinaries Index. Open pit mining at Boorara and Phillips Find continued through the first half of the year under our ore sale and toll milling arrangements, generating gold sales revenue of approximately $80.4 million for FY26. Mining at both pits was completed by December 2025, as planned, and approximately 460,000 tonnes of ore, containing an estimated 14,200 ounces of gold, was retained in stockpile at Boorara specifically to de-risk the start-up of the BSPH. Both sites have since been placed into care and maintenance, and we thank our operations teams and contractors for delivering this program safely and to plan. Ashok Parekh Non-Executive Chairman Grant Haywood Managing Director & Chief Executive Officer Chairman & CEO's Letter MARITANA ANNUAL REPORT 2026 14 The Company ended the year with $229.5 million in cash, up from $15.7 million a year earlier, following approximately $198 million of equity raised (before costs) during FY26 and approximately $42.6 million2 net proceeds received from the divestment of the non-core Lake Johnston project (including sale of listed investments received from the sale), together with the full conversion and retirement of our outstanding convertible debt. The standout achievement of FY26 was the advancement of the BSPH. A Scoping Study completed in February 2026 confirmed a robust, standalone gold development with average annual gold production of approximately 102,000 ounces over an initial five-year mine life, and 536,000 ounces of recovered gold. Front-end engineering and design work completed in June 2026 confirmed the plant's nameplate throughput could be lifted from 2.2 to 2.5 million tonnes per annum, supporting our aspiration to become a 100,000 ounce per annum gold producer. Construction is targeted to commence in the September 2026 quarter, with first gold production targeted for the second half of calendar 2027. Exploration also delivered results during the year, with high-grade intercepts at Burbanks — including 4.20m at 42.43g/t gold and an ultra-high-grade result of 0.3m at 5,848g/t gold. Our Annual Mineral Resources and Ore Reserves Statement for the 12 months ended 30 June 2026 confirmed growth in both the scale and confidence of our gold inventory: Gold Mineral Resources grew to 1.86 million ounces, up 6.3% despite the ounces mined and sold during the year, and Gold Ore Reserves grew to 204,000 ounces, up 148%, driven by maiden Ore Reserves at Crake and Kalpini and an updated Boorara Open Pit Ore Reserve. A 60,000-metre resource conversion drilling campaign commenced in June 2026 across Boorara, Coote, Gordons Dam and Crake to build on this growth. The Board provided consistent guidance and support throughout the year as the Company transitioned from producer to developer, and we thank our fellow Directors — Warren Hallam and Robert Waugh — for their diligence through a period of significant change. Management was strengthened during the year to support this transition, and we also thank our senior management team for their execution against a demanding agenda. Governance remained a priority throughout the year as the Company scaled: further detail on the Board, management and our governance framework is set out in the Corporate Review section of this report. A highlight of the year, and one the Board regards as foundational to the Company's long-term success, was the execution of a Native Title Land Use Agreement with the Marlinyu Ghoorlie claimant group, covering approximately 240 tenements and around 90% of our land package. This agreement gives Maritana a durable platform to progress exploration and development in partnership with Traditional Owners. We thank our employees and contractors for safely delivering the year's achievements, and our shareholders for their support in funding this growth. The team is focused on a demanding but achievable program over the year ahead: progressing approvals and early works, mobilising the workforce and contractors needed for construction, and continuing to grow our resource and reserve base ahead of first gold production at the BSPH. We look forward to updating you as Maritana moves through construction over the coming year. 2. Comprising $30m cash and $12.6m from the subsequent sale of Forrestania Resources (ASX:FRS) shares. MARITANA ANNUAL REPORT 2026 15 MARITANA ANNUAL REPORT 2026 16 Our Vision To be a respected gold producer known for our responsible delivery of value. Our Mission To be a sustainable and growing gold producer, known for our ability to efficiently develop and leverage our assets, infrastructure and operational expertise. Our Objective Deliver shareholder returns in excess of the ASX Metals and Mining Index over the next 5 years through ongoing targeted exploration and meeting gold production targets in a safe, consistent and efficient way. MARITANA ANNUAL REPORT 2026 17 Our Values Maritana's values were refreshed and rolled out across the business during FY26, reflecting who we are and how we work as the Company transitions from developer to gold producer. Our three values — Own Our Part, Better Together and Responsible as a Company — describe the behaviours we expect of every employee and contractor, at every level of the organisation, as our workforce grows through the BSPH construction phase. MARITANA ANNUAL REPORT 2026 18 OWN OUR PART Take up our capacity to act, solve and improve BETTER TOGETHER Leverage our collective capabilities RESPONSIBLE AS A COMPANY Act safely and look after what's important to us The best results come from being proactive, finding solutions and always improving to add value and deliver results in the best interests of the Company. • Be proactive and plan ahead • Develop options, ideas and solutions • Find opportunities that unlock value • Align resources to where they are most valuable • Always find ways to improve • Support innovation and improved ways of working We're always better when we work together, share information openly and help wherever our skills are needed — when things are going well, and when they aren't. • Share and test plans, ideas and information with others • Align with other teams • Ask for help often and early • Help and support others in good times and bad • Play the roles required to support others or add value • Acknowledge and celebrate contributions and milestones We always honour our core responsibilities to the safety and wellbeing of our people, the state of our assets and the places we work, and our obligations as a business. • Look after all people who work with us • Look after the environments and places we operate in • Look after our assets and equipment • Demonstrate and promote ethical behaviour • Create win-win relationships with other parties • Always do what we say we will do to meet commitments and obligations MARITANA ANNUAL REPORT 2026 19 02 Corporate Review MARITANA ANNUAL REPORT 2026 20 COMPANY OVERVIEW Maritana Minerals Limited (ASX: MRT) is a Western Australian gold company advancing a portfolio of production, development and exploration assets across the Kalgoorlie and Coolgardie goldfields. The Company traded as Horizon Minerals Limited (ASX: HRZ) for the majority of FY26, changing its name to Maritana Minerals Limited on 10 April 2026 to better reflect the Company's evolution into an aspiring standalone gold producer. Maritana subsequently joined the S&P/ASX All Ordinaries Index. CORPORATE STRUCTURE AND PORTFOLIO Maritana's asset base was substantially reshaped during FY26 following the February 2025 merger with Poseidon Nickel Limited, which brought the Lake Johnston, Windarra nickel assets and, critically, the BSPH into the Group. During the year, the Company progressively divested the non-core assets to focus capital and management attention on converting BSPH into a standalone gold production hub: • Lake Johnston was sold to Forrestania Resources Limited (ASX: FRS) for total consideration of $35 million ($30 million cash and $5 million in FRS shares), completing during the March 2026 quarter; • the Company's shareholding in Forrestania Resources was sold during the year resulting in net proceeds of $12.6 million (net of costs), and • the Lakewood tenements were sold to Black Cat Syndicate Limited (ASX: BC8) for $200,000. The Company also continued to consolidate its land position around BSPH and Burbanks, acquiring the Gordons Project (including the Gordons Dam deposit) from Yandal Resources Limited for $2.81 million in cash and shares. In the second half of the year, the Company also announced the acquisition of ten further tenements surrounding the BSPH from Nano Metals, and a dual tenement transaction with Accelerate Resources Limited to acquire the Kanowna East tenure package in exchange for the Balagundi package. The Company's landholding as at 9 September 2026 — approximately 1,335km² across the Kalgoorlie and Coolgardie goldfields — is set out in the Tenement Schedule at the end of this report. BOARD AND MANAGEMENT Ashok Parekh continued as Non-Executive Chairman and Grant Haywood as Managing Director & CEO throughout FY26, supported by Non-Executive Directors Warren Hallam and Robert Waugh. Management was strengthened during the year to support the Company's transition from producer to developer, with key appointments including Brendan Shalders as Chief Financial Officer, Isabel Macchia as Company Secretary, Doug Flanagan as Project Director for the BSPH development, and Christian Price as General Manager, Corporate Development. Elizabeth (Liz) Jones was appointed Chief Operating Officer, effective 26 August 2026, to lead the Company's transition from a development company to a gold producer. MARITANA ANNUAL REPORT 2026 21 CAPITAL MANAGEMENT Maritana ended FY26 in a substantially stronger financial position than it started, with cash and cash equivalents of $229.5 million at 30 June 2026, compared with $15.7 million at 30 June 2025. This was achieved through equity raisings totalling approximately $198 million (pre-costs) during the year. This comprised the second tranche of a placement completed in the September 2025 quarter, and a $175 million two-tranche placement announced in February 2026 to fund the BSPH Development, together with an associated $4.65 million Share Purchase Plan. The placement's two tranches settled in the March and June 2026 quarters respectively. A further $42.6 million of net proceeds was received from the divestment of the Lake Johnston nickel project. During the year, the Company also fully converted and retired its outstanding Nebari convertible loan facility, and completed a 15:1 share consolidation approved at its November 2025 Annual General Meeting. CORPORATE GOVERNANCE The Company made significant improvements to its corporate governance framework during FY26. In particular, the Company now complies with Recommendations 2.1, 3.4, 4.1 and 7.1, which were each reported as not met in the FY25 Corporate Governance Statement. This reflects the revised composition of the Remuneration and Nomination Committee and the Audit and Risk Committee to comprise a majority of independent Directors chaired by an independent Non-Executive Director, and the adoption of a formal Anti-Bribery and Anti-Corruption Policy, each of which was in place for the whole of FY26. The Company also strengthened its governance framework during FY26 by setting measurable gender diversity objectives for the Board, Key Management Personnel and Management, and the workforce generally, and by developing and publishing a formal Statement of Values. The Company's gender diversity already exceeds the newly adopted targets at Key Management Personnel and whole-of-organisation level, with Board representation identified as the Company's continued area of focus. The Company has adopted the 4th Edition of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations. The Company's full Corporate Governance Statement, together with its current governance policies and charters, is approved by the Board and available on the Company's website at www.maritanaminerals.com.au/corporate- governance. MARITANA ANNUAL REPORT 2026 22 ENVIRONMENT & SAFETY FY26 saw significant progress on environmental approvals across the Company's projects, most notably at the BSPH, where the Mining Development and Closure Proposal and the Works Approval for the new Carbon-in-Leach circuit were both approved shortly after year end (see Events Subsequent to the End of the Period). The Board also approved a new Environmental, Social and Governance Policy during the year. With construction at the BSPH approaching, the Company also strengthened its project HSE and environmental management framework. This included appointing a dedicated site OH&S Manager, developing project-specific management plans and contractor governance requirements, and rolling out a new occupational health and safety management platform. Planning for early works and demolition addressed hazards associated with the existing plant, isolations, hazardous materials, contractor interfaces, and protection of retained assets, ahead of the workforce increase expected during construction. NATIVE TITLE AND COMMUNITY A highlight of the year was the execution, on 8 December 2025, of a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claimant Group, whose native title claim area covers the majority of the Company's tenure in the Eastern Goldfields region of Western Australia, overlapping approximately 240 tenements and around 90% of the Company's land package by area. The Agreement sets out protocols for heritage surveys, safeguards for the protection of Aboriginal cultural heritage sites, and streamlined procedures for the grant of tenure and clearance of activities across the Company's tenure. It provides a durable framework for the Company and Marlinyu Ghoorlie to work cooperatively, in a spirit of goodwill, mutual respect and mutual recognition of their respective interests, to identify and protect Aboriginal cultural heritage while enabling the Company to responsibly advance its pipeline of projects feeding the BSPH. MARITANA ANNUAL REPORT 2026 23 03 Development & Operations Report MARITANA ANNUAL REPORT 2026 24 BOORARA AND PHILLIPS FIND OPERATIONS Maritana's near-term cash flow during FY26 was generated from open pit gold mining at the Boorara and Phillips Find projects, near Kalgoorlie, Western Australia. Under an ore sale agreement, ore mined from Boorara was processed at the Paddington mill, with the Company recognising revenue on ounces delivered; Phillips Find was mined and processed under a joint venture and toll milling arrangement. Production was strongest in the first quarter of the year. The Group sold a total of 10,826 ounces of gold at an average realised price of $5,838 per ounce, generating revenue of $63.2 million1 from the Boorara operation. In addition, the Group generated revenue of $15.7 million from the Phillips Find Joint Venture, further supporting its financial performance for the year. Mining at both Boorara and Phillips Find was completed by December 2025, in line with plan, with final processing and reconciliation continuing into 2026, total ore mined over the life of the Phillips Find operation was approximately 282,000 tonnes at 1.97g/t gold for approximately 15,720 ounces. The Company's ore purchase arrangement with Paddington was mutually terminated during the March 2026 quarter to provide strategic flexibility, and approximately 460,000 tonnes of ore, containing an estimated 14,200 ounces of gold, was retained in stockpile at Boorara specifically to provide feed for the commissioning of the BSPH. Both Boorara and Phillips Find have since been placed into care and maintenance, with Boorara targeted to restart as a mining operation in early 2027 to support the BSPH. Gold sales revenue for FY26 totalled approximately $80.4 million2 , compared with $36.5 million in FY25. 1. Amount excludes some accounting timing adjustments. 2. Includes $15.7 million from the Phillips Find project. MARITANA ANNUAL REPORT 2026 25 BLACK SWAN PROCESSING HUB DEVELOPMENT The centrepiece of Maritana's development pipeline is the Black Swan Processing Hub (BSPH), a processing facility acquired through the February 2025 merger with Poseidon Nickel Limited and being repurposed from a mothballed nickel concentrator into a standalone gold processing plant. Progress accelerated through FY26: • in the September 2025 quarter, GR Engineering Services commenced a Pre- Feasibility Study evaluating conversion of the plant at an initial 1.5 million tonnes per annum (Mtpa) throughput; • by the December 2025 quarter, studies confirmed the plant could be upgraded to 2.2Mtpa for a modest increase in capital cost, supporting a “Hub and Spoke” processing model and an aspirational production target of around 100,000 ounces per annum; • a Scoping Study completed in February 2026 confirmed a robust standalone gold development: average annual gold production of approximately 102,000 ounces over an initial five-year mine life with total production of approximately 10.9Mt at 1.65g/t gold for 536,000 recovered ounces; and • Front-End Engineering and Design (FEED), completed by GR Engineering Servic