Announcement PDF ASX Announcement 28 July 2025 ASX: OD6 Quarterly Activities and Cashflow Report OD6 Metals Limited (OD6 or the Company) is pleased to present its Quarterly Activities and Cashflow Report for the period ending 30 June 2025 Highlights (including subsequent events): Gulf Creek Copper Project, NSW • Maiden Drill program intercepted massive sulphide zones and extends copper mineralisation beneath historic workings • High Grade Drill results confirmed historically mined mineralisation from surface and steeply dipping to the northwest associated with massive to semi-massive sulphide including: – 8m @ 1.41% Copper, 1.26% Zinc and 7.08g/t Silver in hole GCC0004 from 108m including: ▪ 5m @ 2.13% Copper, 1.82% Zinc, 10.74g/t Silver from 109m down hole – 6m @ 1.32% Copper, 2.82% Zinc and 9.02g/t Silver in hole GCC0006 from 116m – 1m @ 4.33% Copper, 1.02% Zinc and 2.5g/t Silver in hole GCC0001 from 67m (hole ended early due to the need to convert from RC to a diamond core tail which was unable to be undertaken) • Strong relationship between magnetism and massive sulphide mineralisation suggests potential large scale VMS system at Gulf Creek, with best intersections returned when targeting peak magnetic body • Magnetic modelling confirms potential repeat extensional target structures along strike, including the large Big Bend, Eastern Limb and Northwestern Zones as well as regional targets • 18 RC and diamond drill holes approved totalling ~5,000m for Phase 2 drill campaign targeting the previously untested prospects include North West and West Limb • A Further 7 RC and Diamond drill holes approved totalling ~2,500m targeting the potential repeat structure at Big Bend plus follow up deep drilling proximal to the recent maiden program which targeted the historical mining area • The repeat structures represent a portion of >3km of untested strike in immediate minestratigraphy • NSW Resource Regulator Investigation finalised with matter now closed. Splinter Rock, WA • The Company was please to present an advanced Geological Research Paper that was peer reviewed and recently published in the international scientific journal, Ore Geology Reviews • Phase 4 ANSTO Metallurgical Tests at the Splinter Rock Project continued during the quarter Corporate • $1.17M placement completed • Cash balance at the end of the June quarter remains strong at A$1.09M 1 Brett Hazelden, Managing Director, commented: “The high-grade assay results from the Gulf Creek Maiden Drilling Program was a highlight for the quarter, whic h aligned well with the historic workings and the zones of massive to semi-massive sulphides. Most importantly we have confirmed the strong relationship between magnetism, mineralisation and classic VMS stratigraphy. The fact that the high-grade mineralisation is sitting immediately in the hanging wall of the strongest magnetic body confirms the Company’s targeting methodology. OD6 is now able to focus on the potential repeat extensional target structures along strike, including the large Big Bend, Eastern Limb and Northwestern Zones as well follow up deep drilling below the old workings. With twentyfive RC and diamond drilling holes newly approved this quarter, totalling ~7,500m, we are now well positioned to progress these previously untested areas. It is also pleasing to have quickly resolved the NSW Resource Regulator Investigation with the matter now being closed. Notably we were still able to obtain new approvals and recommence exploration activities during this period. The Rare Earth sector continues to attract attention with major global announcement by governments and prices continuing to improve. OD6 in conjunction with ANSTO have continued to optimise the metallurgical impurity removal process which continues to have positive outcomes with multiple potential pathways being finalised. Results are due to be announced this current quarter. “ Exploration and Development (including subsequent events) High-Grade During the quarter (refer ASX release 7 May 2025), OD6 reported high copper drill results Copper Drill from its Maiden Drilling program at the Gulf Creek Copper Project. Results The drill program was focused on the historic workings and aimed to test the continuity of the known high-grade mineralisation and VMS structures. The program completed 1,113m across 6 drill holes prior to the programmed being ceased early as directed by the NSW Resource Regulator. Key Highlights included: • High Grade Drill results confirm historically mined mineralisation from surface and steeply dipping to the northwest associated with massive to semi-massive sulphide including: o 8m @ 1.41% Copper, 1.26% Zinc and 7.08g/t Silver in hole GCC0004 from 108m including: ▪ 5m @ 2.13% Copper, 1.82% Zinc, 10.74g/t Silver from 109m down hole o 6m @ 1.32% Copper, 2.82% Zinc and 9.02g/t Silver in hole GCC0006 from 116m o 1m @ 4.33% Copper, 1.02% Zinc and 2.5g/t Silver in hole GCC0001 from 67m (hole ended early due to the need to convert from RC to a diamond core tail which was unable to be undertaken) • Strong relationship between magnetism and massive sulphide mineralisation suggests potential large scale VMS system at Gulf Creek, with best intersections returned when targeting peak magnetic body 2 • Positively, the drilling in holes GCC0003, GCC0004, GCC0005 and GCC0006 also intersected sediment hosted broad zones of highly anomalous copper in the near surface including; • o 29m @ 0.16% Copper in hole GCC0004 from 3m o 19m @ 0.13% Copper in hole GCC0005 from surface o 15m @ 0.15% Copper in hole GCC0003 from 4m o 5m @ 0.28% Copper in hole GCC0006 from 0m The presence of broad, albeit low-grade, intersections is encouraging and indicative of multiple phases of mineralisation and is suggesting potential of a much larger system and the need for extensional exploration. • Magnetic modelling confirms potential repeat extensional target structures along strike, including the large Big Bend, Eastern Limb and Northwestern Zones • The presence of the jaspilite capping the mineral system, and the strong magnetism in the footwall of mineralisation indicates that the Big Bend, West Limb and Northwestern Zones remain excellent untested targets. The observations from the drilling completed to date are consistent with a “Besshi” volcanic hosted massive sulphide (VMS) system, which are known to occur in clusters.: o Big Bend – strong magnetism, surface jaspilites, increased IP geophysics effect, surface anomalism in Cu-Ce o West Limb Target 2 – strong magnetism, surface jaspilites, surface anomalism in Cu-Ce o Northwestern Target – strong magnetism, surface jaspilites, surface anomalism in Cu-Co-Ag-Be-Ce-Zn Figure 1: Chip Trays from Hole GC0004 showing the classic VMS stratigraphic succession from hanging wall sediments, jaspilite, disseminate to semi massive to massive sulphides to footwall basalts 3 Figure 2: Plan view of preliminary results Figure 3: Long section view SW showing increased grade and width with magnetic bodies. Refer to announcement dated 14 November 2024 for further details on geophysical modelling. 4 Figure 4: Cross-section through hole GCC0004 5 Figure 6: Long Section view to SW showing extended view of geophysical modelling and the targets along the West Limb of the Gulf Creek Syncline to the NW anomaly. Refer to announcement dated 14 November 2024 for details on geophysical modelling. Phase 2 Drilling During the quarter the Company received two new Phase 2 drilling Approvals from the NSW Approved at Resource Regulator (refer ASX releases 22 May 2025 and 11 June 2025). The two approvals Gulf Creek include • 18 RC and diamond drill holes totalling ~5,000m targeting the previously untested prospects include North West and West Limb • 7 RC and Diamond drill holes totalling ~2,500m targeting the potential repeat structure at Big Bend plus follow up deep drilling proximal to the recent successful maiden 6-hole Phase 1 program which targeted the historical mining area • Phase 2 drilling is focused on potential repeat structures identified by magnetic modelling driven by the strong relationship between magnetism and massive sulphides • The repeat structures represent a portion of >3km of untested strike in immediate mine-stratigraphy • Historically, Gulf Creek was one of Australia’s highest-grade copper-zinc mines 6 Finalisation of Subsequent to the end of the (refer ASX release 10 July 2025) the Company confirmed the NSW Resources finalisation of the NSW Resources Regulator investigation in connection with the Gulf Creek Regulator Copper Project. Investigation The Regulator determined that a number of official cautions and penalty notices were appropriate in relation to the alleged offences by the Company’s wholly owned subsidiary Gulf Creek Copper Pty Ltd (Gulf Creek Copper), with a total penalty of $7,500 payable. Pursuant to section 378K of the Mining Act, by making payment of the penalty prescribed, Gulf Creek Copper will not be liable to any further proceedings. The Company has made payment of the amounts specified and the Company considers the Regulator’s investigation concluded. Splinter Rock- Phase 4 metallurgical testing continued at ANSTO during the quarter. The focus of the Phase 4 ANSTO works is summarised below and is largely now focused on samples originating from Rare Earth multiple holes at Inside Centre and Prop, based on heap leach liquors. Metallurgical Tests Ongoing • Impurity Removal Trials: Conduct impurity removal trials under various pH conditions, temperatures, and with different reagents. • Assessment of Resin Use: Evaluate the potential use of resins in both pulp and liquid phases to assist in impurity removal. • Ion Exchange Assessment: Assess ion exchange processes on "leach" liquor and investigate selective elution of REE versus impurities such as Al and Fe. • Nanofiltration Evaluation: Evaluate nanofiltration processes to produce a retentate with increased REE concentration and a permeate containing clean acid for recycling. • Mixed Rare Earth Precipitation: Investigate mixed rare earth precipitation methods, including carbonates and hydroxides. Advanced • The Paper entitled, “Unsupervised geochemical characterisation of deeply weathered Geological terrains and regolith-hosted REE deposits: Rationale and benefits for exploration” has Research Paper been compiled by lead author Tobias Bamforth who is a Postdoctoral Research Fellow, Monash University • The Paper has utilised the last 3 years of geological research undertaken by CSIRO, Murdoch University, Monash University, James Cook University’s and OD6 Metals at the Splinter Rock Rare Earth Project, all of whom have representatives as co -authors • In simple terms the research paper explains how statistical methods may expedite the characterisation of regolith samples across large, buried regolith hosted mineralised formations • At Splinter Rock, the process identified and mapped two regolith horizon groups: one generally unmineralised transported sediment group, which sits above a mineralised saprolite-saprock group. These two horizon groups were then further separated into five laterally consistent regolith horizons, which the paper delves into in considerable detail • OD6 to prioritise the two mineralised saprolite-saprock horizons that represent superior project economics. Value is driven by these being near surface and with extensive thickness. 7 • These two mineralised horizons have also shown to have the best metallurgical outcomes, which further assists in geo-metallurgical targeting of priority future development areas. • Notably the high grade Inside Centre Prospect is a clear standout from these investigations and already consists of an Indicated Resource of 119Mt @ 1,632ppm TREO Corporate General Meeting OD6 Metals held a General Meeting (GM) of shareholders on 9 April 2025. Please refer to the following ASX Announcements: • Results of Meeting, 9 April 2025 • Notice of Meeting, 4 March 2025 Change of OD6 advised that the Company has changed its register address to Level 1, 1 Alvan Street, Company Subiaco, WA 6008 (Refer ASX Release 26 May 2025). The Company’s contact telephone Address number is unchanged. Cash Holdings The Company had A$1.09M million of cash on hand as at 30 June 2025 Securities on Fully Paid Ordinary Shares Issue 160,467,950 (as at 30 June 2025) Performance rights OPTIONS 1,300,000 61,339,251 Options on issue comprise: • 22,050,371 Founder Options exercisable at A$0.30 on or before 31 October 2025. • 3,850,000 Incentive Options exercisable at A$0.30 on or before 31 March 2026. • 1,500,000 Performance Options exercisable at A$0.50 on or before 31 March 2026. • 900,000 Performance Options exercisable at A$0.30 on or before 09 October 2026 • 2,650,000 Incentive Options exercisable at A$0.27 on or before 08 December 2026. • 5,000,000 Broker Options exercisable at A$0.114 on or before 9 May 2027. • 4,500,000 New Chair Options exercisable at $0.10 on or before 5 December 2027 • 12,888,880 Free attached Options exercisable at A$0.065 on or before 7 May 2028 • 8,000,000 Broker Options exercisable at A$0.065 on or before 7 May 2028 At 30 June 2025 none of the performance milestones of the Performance Rights still on issue have been met, nor had any shares been issued on conversion of Performance Rights. 8 A summary of the performance milestones is outlined below: Borrowings CLASS NUMBER MILESTONE EXPIRY DATE C 1,000,000 The Company announcing to ASX a JORC Code Compliant inferred (or greater) Mineral Resource (as defined in the JORC Code) of not less than 1,000,000,000 tonnes (of which at least 400,000,000 tonnes must be an indicated Mineral Resource), grading a minimum of 1000 ppm total rare earth oxides (TREO). 08 December 2026 D 300,000 The rights vest on the Company announcing to ASX the results of a Scoping Study (as defined in the JORC Code) showing the potential to generate an internal rate of return (IRR) of more than 20% using consensus prices and Board approved assumptions. 08 December 2026 The Company has no borrowings. Expenditure Exploration Exploration and Evaluation expenditure during the quarter was A$586k. Expenditure Expenditure included site visits, drilling activities, assays, ANSTO metallurgical testing, mineralogy and geological investigation. Related Party During the quarter ended 30 June 2025 payments to related parties amounted to A$151k, Transactions comprising of Managing Director Fees, Non-Executive Director fees, Superannuation and geological consulting fees to GeoSpy Pty Ltd, which is an entity controlled by Darren Holden. Mineral Interests Exploration During the quarter OD6 acquired the license (EL 8492) over the historic Gulf Creek Copper Tenements mine and its surrounding area, in NSW. Schedule of Exploration Licenses (E) held end of June 2025 Quarter. PROJECT TENEMENT NUMBER HOLDER STATUS GRANTED OWNERSHIP Gulf Creek EL 8492 Gulf Creek Copper Pty Ltd Granted 7 Jan 25 100% Splinter Rock E 63/2115 Odette Six Pty Ltd Granted 4 Feb 22 100% Splinter Rock E 69/3904 Odette Six Pty Ltd Granted 15 Feb 22 100% Splinter Rock E 69/3905 Odette Six Pty Ltd Granted 15 Feb 22 100% Splinter Rock E 69/3907 Odette Six Pty Ltd Granted 14 Feb 22 100% Splinter Rock E 69/3893 Odette Six Pty Ltd Granted 20 Jan 22 100% Splinter Rock E 69/3894 Odette Six Pty Ltd Granted 20 Jan 22 100% 9 ASX Announcements (including Subsequent Events) This Quarterly Activities Report contains information extracted from ASX market announcements reported in accordance with the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (2012 JORC Code). Further details (including 2012 JORC Code reporting tables where applicable) of exploration results referred to in this Quarterly Activities Report can be found in the following announcements lodged on the ASX: 10/07/2025 Finalisation of NSW Resources Regulator Investigation 08/05/2025 Change of Directors Interest Notices 07/05/2025 Notification of Cessation of Securities – OD6 11/06/2025 Second Approval Received for Phase 2 Drilling at Gulf Creek 26/05/2025 Change of Company Address 22/05/2025 Phase 2 Drilling at Gulf Creek Copper Project Approved 08/05/2025 Change of Directors Interest Notices 07/05/2025 Cleansing Notice 07/05/2025 Notification Regarding Unquoted Securities – OD6 07/05/2025 Notification Regarding Unquoted Securities – OD6 07/05/2025 High-Grade Copper Massive Sulphides at Gulf Creek 05/05/2025 Gulf Creek Exploration Set to Recommence 01/05/2025 Advanced Geological Research Paper Publication 29/04/2025 Quarterly Activities/Appendix 5B Cash Flow Report 24/04/2025 Notification of Cessation of Securities – OD6 09/04/2025 Results of Meeting These announcements are available for viewing on the Company’s website https://www.od6metals.com.au/. OD6 confirms that it is not aware of any new information or data that materially affects the information included in any original ASX announcement. 10 Forward Looking Statements Certain information in this document refers to the intentions of OD6 Metals, however these are not intended to be forecasts, forward looking statements, or statements about the future matters for the purposes of the Corporations Act or any other applicable law. Statements regarding plans with respect to OD6 Metals projects are forward looking statements and can generally be identified by the use of words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions. There can be no assurance that the OD6 Metals plans for its projects will proceed as expected and there can be no assurance of future events which are subject to risk, uncertainties and other actions that may c ause OD6 Metals actual results, performance, or achievements to differ from those referred to in this document. While the information contained in this document has been prepared in good faith, there can be given no assurance or guarantee that the occurrence of these events referred to in the document will occur as contemplated. Accordingly, to the maximum extent permitted by law, OD6 Metals and any of its affiliates and their directors, officers, employees, agents and advisors disclaim any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of, the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward -looking statement or any event or results expressed or implied in any forward-looking statement; and do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and disclaim all responsibility and liability for these forward -looking statements (including, without limitation, liability for negligence). No new information Except where explicitly stated, this announcement contains references to prior exploration results, all of which have been cross-referenced to previous market announcements made by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements. The information in this report relating to the Mineral Resource estimate for the Splinter Rock Project is extracted from the Company’s ASX announcements dated 18 July 2024. OD6 confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the Mineral Resource estimate continue to apply. This announcement has been authorised for release by the Board of OD6 Metals Limited 11 About OD6 Metals OD6 Metals is an Australian public company pursuing exploration and development opportunities within the critical mineral s sector, namely rare earths and copper. Copper The Company is advancing the recently acquired Gulf Creek Copper-Zinc VMS Project located near the town of Barraba in NSW, Australia. Gulf Creek was mined at around the turn of the 20th century and was once regarded as the highest grade copper mine (2% to 6.5% Cu) in NSW until its closure due to weak copper prices in 1912. Very little exploration has occurred at the project i n over 100 years, with OD6 aiming to apply modern day exploration technologies. Mineralisation is associated with magnetite, with geophysics showing significant greenfields and brownfields exploration potential exists with over >3km of untested strike in the immediate mine-stratigraphy, and over >10km across the tenement. Rare Earth Elements OD6 Metals has successfully identified clay hosted rare earths at its 100% owned Splinter Rock Project which is located in the Esperance-Goldfields region of Western Australia. The Company released a Mineral Resource Estimate (MRE) for Splinter Rock in May 2024, confirming that the project hosts on of the largest and highest-grade clay-hosted rare earths deposit in Australia with an Indicated Resource of 119Mt @ 1,632ppm TREO and an Inferred Resource of 563Mt @ 1,275ppm TREO with an overall ratio of ~23% high -value Magnetic Rare Earths (MagREE). OD6 Metals believes that Splinter Rock has all the hallmarks of a world class rare earths project with a conceptual development which utilises the large and high-grade Splinter Rock resource to support a long-life REE operation supported by a low strip ratio Corporate Directory Managing Director Non-Executive Chairman Mr Brett Hazelden Dr Darren Holden Non-Executive Director Non-Executive Director Mr Piers Lewis Dr Mitch Loan Financial Controller/ Joint Company Secretary Joint Company Secretary Mr Troy Cavanagh Mr Joel Ives Contact Investor Relations OD6 Metals Ltd ACN 654 839 602 Lucas Robinson Corporate Storytime www.od6metals.com.au Mail to: info@od6metals.com.au lucas@corporatestorytime.com Phone: +61 408 228 889 Phone: +61 8 6189 8515 Level 1, 1 Alvan Street, Subiaco, WA 6008 12 Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity OD6 Metals Limited ABN Quarter ended (“current quarter”) 34 654 839 602 30 June 2025 Consolidated statement of cash flows Current quarter $A’000 1. Cash flows from operating activities 1.1 Receipts f rom customers 1.2 Payments f or Year to date (12 months) $A’000 - - (a) exploration & evaluation - (175) (b) development - - (c) production - - (d) staf f costs (87) (382) (e) administration and corporate costs (140) (753) - - 11 58 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of f inance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other (ref und of tenement application f ees) - 31 1.9 Net cash from / (used in) operating activities (216) (1,221) 2. Cash flows from investing activities 2.1 Payments to acquire or f or: - - (9) (276) - (2) (576) (1,347) (e) investments - - (f ) - - (a) entities (b) tenements (c) property, plant and equipment (d) exploration & evaluation other non-current assets ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 1 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 2.2 Current quarter $A’000 Year to date (12 months) $A’000 Proceeds f rom the disposal of : (a) entities - - (b) tenements - - (c) property, plant and equipment - - (d) investments - - (e) other non-current assets - - 2.3 Cash f lows f rom loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (R&D Tax ref und and Government grants) - 620 2.6 Net cash from / (used in) investing activities (585) (1,005) 3. Cash flows from financing activities 3.1 Proceeds f rom issues of equity securities (excluding convertible debt securities) 55 1,160 3.2 Proceeds f rom issue of convertible debt securities - - 3.3 Proceeds f rom exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities (25) (170) 3.5 Proceeds f rom borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (provide details if material) 3.10 Net cash from / (used in) financing activities 30 990 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 1,861 2,325 4.2 Net cash f rom / (used in) operating activities (item 1.9 above) (216) (1,221) 4.3 Net cash f rom / (used in) investing activities (item 2.6 above) (586) (1,005) 4.4 Net cash f rom / (used in) f inancing activities (item 3.10 above) 30 990 ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 4.5 Ef f ect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period 5. Reconciliation of cash and cash equivalents Current quarter $A’000 Year to date (12 months) $A’000 - - 1,089 1,089 Current quarter $A’000 Previous quarter $A’000 at the end of the quarter (as shown in the consolidated statement of cash f lows) to the related items in the accounts 5.1 Bank balances 1,089 1,861 5.2 Call deposits - - 5.3 Bank overdraf ts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 1,089 1,861 6. Payments to related parties of the entity and their associates 6.1 Aggregate amount of payments to related parties and their associates included in item 1 86 6.2 Aggregate amount of payments to related parties and their associates included in item 2 65 Current quarter $A'000 Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 3 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report 7. Financing facilities Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 7.1 Loan f acilities - - 7.2 Credit standby arrangements - - 7.3 Other (please specif y) - - 7.4 Total financing facilities - - 7.5 Unused financing facilities available at quarter end 7.6 Include in the box below a description of each f acility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional f inancing f acilities have been entered into or are proposed to be entered into af ter quarter end, include a note providing details of those f acilities as well. 8. Estimated cash available for future operating activities 8.1 Net cash f rom / (used in) operating activities (item 1.9) (216) 8.2 (Payments f or exploration & evaluation classif ied as investing activities) (item 2.1(d)) (576) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (792) 8.4 Cash and cash equivalents at quarter end (item 4.6) 1,089 8.5 Unused f inance f acilities available at quarter end (item 7.5) 8.6 Total available f unding (item 8.4 + item 8.5) 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. - $A’000 1,089 1.4 Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. 8.8 If item 8.7 is less than 2 quarters, please provide answers to the f ollowing questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash f lows f or the time being and, if not, why not? Answer: No. The Company notes that the June quarter cash spend was largely f or the completion of the drilling at Gulf Creek. The Company’s will continue to closely monitor its available cash and may reduce operating and exploration expenditure accordingly. ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 4 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise f urther cash to f und its operations and, if so, what are those steps and how likely does it believe that they will be successf ul? Answer: Yes, the Company is continuously exploring a range of f unding options and has been successf ul in that area in the past to support project developments. The directors remain conf ident that suf f icient capital can be raised to meet ongoing operational needs. 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: Yes, the Company expects to continue its operations and exploration activities. Th