Announcement PDF 9O ABN 34 654 839 602 & Controlled Entities Interim Financial Statements For the six months ended 31 December 2025 OD6 METALS LIMITED Corporate Directory Interim Financial Report 31 December 2025 2 OD6 Metals Limited DIRECTORS Dr Darren Holden – Non-Executive Chairman (resigned on 31 July 2025) Mr Brett Hazelden – Managing Director Mr Piers Lewis – Non-Executive Chairman Dr Mitch Loan – Non-Executive Director JOINT COMPANY SECRETARY Troy Cavanagh Joel Ives REGISTERED AND PRINCIPAL OFFICE c/- LCP Group Level 1, 1 Alvan Street Subiaco WA 6008 Telephone: +61 8 6189 8515 Email: info@od6metals.com.au AUDITOR Hall Chadwick WA Audit Pty Ltd 283 Rokeby Road Subiaco WA 6008 SHARE REGISTRY LAWYERS Computershare Investor Services Pty Limited Level 11, 172 St Georges Terrace Perth WA 6000 STOCK EXCHANGE LISTING Australian Securities Exchange (ASX) ASX Code: OD6 Dewhirst Legal Level 1, 1 Alvan Street Subiaco WA 6008 BANKERS National Australia Bank 100 St Georges Terrace, Perth WA 6000 Directors’ Report 31 December 2025 Interim Financial Report 31 December 2025 3 OD6 Metals Limited The Directors of OD6 Metals Limited (“OD6 Metals Limited” or “the Company”) present their report on the Company for the period ended 31 December 2025 (“Period”). DIRECTORS The names of directors in office at any time during or since the end of the year are: • Dr Darren Holden – Non-Executive Chairman (was NED until January 2025 and resigned 31 July 2025); • Mr Brett Hazelden – Managing Director (appointed 1 April 2022); • Mr Piers Lewis – Non-Executive Chairman (was NED until 31 July 2025); and • Dr Mitch Loan – Non-Executive Director (appointed 12 April 2022). COMPANY SECRETARY Troy Cavanagh and Joel Ives held the position of company secretary during the financial period. PRINCIPAL ACTIVITIES OD6 Metals is an Australian public company pursuing exploration and development opportunities within the critical minerals sector, namely rare earths, copper and fluorspar (subsequent event). 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 one of the largest and highest-grade clay-hosted rare earths deposits 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). An innovative Process Flow sheet has been selected utilising Heap Leaching, Nano-filtration and Ion Exchange Technologies that have achieved ~75% Nd & Pr overall recovery, produced a high-quality Mixed Rare Earth Carbonate or Hydroxide (MREC/H) of ~56-59% TREO, with low levels of impurities (Al, Fe, P, Si) and extremely low uranium and thorium content. Copper The Company is advancing the Gulf Creek Copper-Zinc VMS Project located near the town of Barraba in NSW. 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 in over 100 years, with OD6 aiming to apply modern day exploration technologies. The 2025 maiden drilling program successfully defined high grade copper below the historical mine plus confirmed the strong relationship between magnetism and massive sulphide mineralisation. Geophysical modelling has identified multiple, high priority targets ready for drilling providing over >3km of untested strike in the immediate mine-stratigraphy, and over >10km across the tenement. Fluorspar (Fluorite) – Subsequent to end of half The Company secured an option to acquire the Quinn Fluorspar Project in Nevada, USA. Nevada is regarded as one of the world’s premier mining jurisdictions and is currently ranked second in the 2025 Fraser Institute’s Mining Attractiveness Index. Historically a number of the Quinn Fluorspar deposits were mined in the 1950’s for Fluorspar. In 1969. The United States Geological Survey (USGS) conducted a survey and confirmed fluorspar grading up to 72% CaF2 in bulk samples. The USA currently imports 100% of all Fluorspar consumed domestically with 68% of all global supply sourced from China (USGS 2024). Fluorspar is listed as a Critical Mineral by the USGS and is essential in the production of hydrofluoric acid, AI semi-conductor chip etching, advanced battery technologies and nuclear fuel processing with other applications in defence and aerospace technologies. Directors’ Report 31 December 2025 Interim Financial Report 31 December 2025 4 OD6 Metals Limited REVIEW OF OPERATIONS Splinter Rock Rare Earth Elements Project, WA During the half year, OD6 continued to advance the Company’s flagship Splinter Rock Rare Earth Project in Western Australia, focusing on metallurgical optimisation, downstream product strategy and positioning the Project within evolving Australian and allied critical minerals policy frameworks. Notable outcomes during the half included: • Heap leach confirmed as lower cost than agitated tank leach for Splinter Rock’s clay-hosted rare earth mineralisation • OD6, CPC and ANSTO have successfully demonstrated and recommended a multi-stage processing pathway, that efficiently produces a superior quality product with low impurities, that has achieved high REE element total flowsheet recoveries • Innovative Process Flowsheet Selected with High Recoveries – ~75% Nd & Pr Overall Recovery – High-quality Mixed Rare Earth Carbonate (MREC) of ~56% TREO – High-quality Mixed Rare Earth Hydroxide (MREH) of ~59% TREO – Superior product quality with low levels of impurities (Al, Fe, P, Si) – Extremely low uranium and thorium content (<0.001% U + Th) – Optimised capital and operating cost drivers • Metallurgical Diamond Core Program Successfully Completed: – Drilling successfully completed at the Inside Centre prospect, delivering ~2.5 tonne of high- quality core samples for metallurgical testing • Advanced ANSTO Testing Underway – Building on previously reported metallurgical successes at Splinter Rock – Program focused on heap leach optimisation, impurity removal refinement – Testwork will track other elements of interest • Critical Minerals Strategic Reserve (CMSR): – The Company confirmed its role, alongside a consortium of industry participants, in contributing to the industry-led framework. Gulf Creek Copper Project, NSW At the Gulf Creek Copper Project in New South Wales, OD6 advanced exploration activities aimed at defining extensions to known copper sulphide mineralisation and testing for additional high-grade conductors. Notable outcomes during the half included: • Phase 2 drilling was commenced targeting potential extensions to mineralisation near the historic Gulf Creek Copper mining area, including the potential repeat structure targets, named Big Bend, North West and West Limb • The Company advised that four diamond holes had been completed as part of Phase 2 drilling and that further drilling will be temporarily paused to allow DHEM acquisition and interpretation, ensuring the next stage of drilling is efficient and well-targeted • Drilling to date has intersected typical VMS stratigraphy, including sea-floor sediments, exhalative cherts and hydrothermal alteration, confirming a prospective geological setting. Diamond core sample selections were finalised and sent for laboratory analysis with results yet to be received. • Although only minor sulphide mineralisation was intersected in Phase 2 drilling, DHEM is considered the most appropriate next step to identify potential off-hole massive sulphide bodies. Directors’ Report 31 December 2025 Interim Financial Report 31 December 2025 5 OD6 Metals Limited • Downhole Electromagnetic (DHEM) surveying was utilised on four recently completed Phase 2 diamond drill holes (DDH) together with several reverse circulation (RC) holes completed earlier in the year during Phase 1 • Processing and interpretation of the Downhole Electromagnetic (DHEM) survey completed in December 2025 has identified a strong off-hole conductors at the Gulf Creek Copper Project (refer ASX 23 January 2026). • The newly identified strong conductor is located proximal to historic high-grade copper workings and represents a compelling new drill target, supporting the potential for fault- offset or stacked mineralised lodes beneath the historic mine. OPERATING RESULTS The loss of the Company after providing for income tax amounted to $891,601. FINANCIAL POSITION As at 31 December 2025 the Company had a cash balance of $2,044,928 and a net asset position of $10,181,660. DIVIDENDS PAID OR RECOMMENDED No dividends have been paid, and the directors do not recommend the payment of a dividend for the period ended 31 December 2025. SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS Other than as disclosed in this report, no significant changes in the state of affairs of the Company occurred during the financial year. EVENTS AFTER THE REPORTING PERIOD • On the 06/01/2026 1,000,000 shares were issued on the exercise of unlisted options that had and exercise price of $0.065 and expiry date of 07/05/2028. • On the 14/01/2026 300,000 shares were issued on the exercise of unlisted options that had and exercise price of $0.065 and expiry date of 07/05/2028. • OD6 Metals received their R&D Tax offset for the 2024/2025 financial year of $216,400 on the 04/02/2026. • Subsequent to period end, the company entered into an exclusive option agreement to acquire a 100% interest in 48 unpatented mining claims comprising the Quinn Fluorspar Project in Nevada, USA • The Company is to pay a non-refundable option fee of A$75,000 for a 120-day option (extendable to 180 days for A$25,000). Upon exercise and subject to shareholder and regulatory approvals, completion consideration of A$200,000 (cash and/or shares) is payable, with additional deferred consideration of up to A$3.8 million (cash and/or shares) contingent on achievement of specified development milestones. TheSyntax Error: Unknown form type Sellers will also retain a 2% NSR on fluorspar and 1% NSR on other minerals, with a right for the Company to buy back 1% of the fluorspar NSR for US$1 million Directors’ Report 31 December 2025 Interim Financial Report 31 December 2025 6 OD6 Metals Limited Signed in accordance with a resolution of the Board of Directors. Mr Piers Lewis, Non-Executive Chairman Dated 6 March 2026 Perth, Western Australia No new information Except where explicitly stated, this report 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. Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income For the Period Ended 31 December 2025 Interim Financial Report 31 December 2025 7 OD6 Metals Limited 31-Dec-25 31-Dec-24 Note $ $ Other income 3.1 16,788 30,923 Grants/R&D Received 260,967 620,025 Accounting and audit (93,085) (103,420) Depreciation expense (17,143) (14,846) Directors’ fees (excluding executives) (52,150) (83,131) Executives’ salaries and wages (68,123) (159,389) Exploration expense (47,195) (207,953) Impairment 2.1 - (1,972,504) Administrative expense 3.2 (349,849) (199,477) Listing Fees (13,206) (12,256) Legal fees (16,817) (29,893) Share based payments 6.2.1 (511,510) (48,866) Other (278) (237) Loss from continuing operations before income tax expense (891,601) (2,181,024) Income tax expense - - Loss from continuing operations (891,601) (2,181,024) Loss for the year Other comprehensive income - - Comprehensive loss attributable to the shareholders of the Company (891,601) (2,181,024) Basic and diluted loss per share (dollar per share) for continuing operations attributable to the shareholders of the Company (0.48) (1.69) Basic and diluted loss per share (dollar per share) attributable to the shareholders of the Company (0.48) (1.69) The above Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the accompanying notes. Condensed Consolidated Statement of Financial Position As at 31 December 2025 Interim Financial Report 31 December 2025 8 OD6 Metals Limited 31-Dec-25 30-Jun-25 Note $ $ Assets Current assets Cash and cash equivalents 2,044,923 1,089,172 Other current assets 518,099 189,646 Total current assets 2,563,022 1,278,818 Non-current assets Exploration and evaluation expenditure 2.1 8,570,761 6,861,903 Property, plant and equipment 2.2 162,969 180,110 Total non-current assets 8,733,730 7,042,013 Total assets 11,296,752 8,320,831 Liabilities Current liabilities Trade & other payables 2.3 1,075,844 225,757 Provisions 39,248 71,338 Total current liabilities 1,115,092 297,095 Total liabilities 1,115,092 297,095 Net assets 10,181,660 8,023,736 Equity Share capital 4.1 14,522,791 12,163,080 Reserves 6.2.2 1,914,616 1,224,802 Accumulated loss (6,255,747) (5,364,146) Total equity attributable to shareholders of the Company 10,181,660 8,023,736 The above Condensed Consolidated Statement of Financial Position should be read in conjunction with the accompanying notes. Condensed Consolidated Statement of Changes in Equity For the Period Ended 31 December 2025 Interim Financial Report 31 December 2025 9 OD6 Metals Limited Issued Capital Share Based Payment Reserves Accumulated Losses Total equity $ $ $ $ At 1 July 2025 12,163,080 1,224,802 (5,364,146) 8,023,736 Loss for the reporting period - - (891,601) (891,601) Total comprehensive loss for the reporting period - - (891,601) (891,601) Transactions with owners in their capacity as owners: Issue of share capital 2,499,999 - - 2,499,999 Exercise of free attaching options 206,556 - - 206,556 Share issue costs (168,540) - - (168,540) Share based payments - 511,510 - 511,510 Options issued to broker (178,304) 178,304 - - At 31 December 2025 14,522,791 1,914,616 (6,255,747) 10,181,660 Issued Capital Share Based Payment Reserves Accumulated Losses Total equity $ $ $ $ At 1 July 2024 10,887,543 1,509,437 (3,166,122) 9,230,858 Loss for the reporting period - - (2,181,024) (2,181,024) Total comprehensive loss for the reporting period - - (2,181,024) (2,181,024) Transactions with owners in their capacity as owners: Share-based payments - 48,866 - 48,866 At 31 December 2024 10,887,543 1,558,303 (5,347,146) 7,098,700 The above Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying notes. Condensed Consolidated Statement of Cash Flows For the Period Ended 31 December 2025 Interim Financial Report 31 December 2025 10 OD6 Metals Limited 31-Dec-25 31-Dec-24 $ $ Cash flows from operating activities Interest received 16,788 41,662 Payments to suppliers and employees (688,357) (642,561) E&E Expensed - (129,086) Refund Received from surrendered tenements - 30,734 Net cash (outflow) from operating activities (671,569) (699,251) Cash flows from investing activities Payments for acquisition of property plant and equipment - (2,052) Payments for exploration and evaluation expenditure (960,168) (427,136) Grant/R&D Received 45,724 620,025 Net cash (outflow) from investing activities (914,444) 190,837 Cash flows from financing activities Proceeds from issue of shares 2,499,999 - Share Issue Costs (164,787) (70,213) Proceeds from exercise of options 206,555 - Net cash inflow from financing activities 2,541,767 (70,213) Cash and cash equivalents at the beginning of the period 1,089,174 2,325,889 Net increase/ (decrease) in cash and cash equivalents 955,754 (578,627) Cash and cash equivalents at the end of the period 2,044,928 1,747,262 The above Condensed Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes Notes to the Condensed Consolidated Financial Statements Interim Financial Report 31 December 2025 11 OD6 Metals Limited 1. Summary of material accounting policies The interim report of OD6 Metals Limited for the period ended 31 December 2025 was authorised for issue in accordance with a resolution of the directors on 06 March 2026. 1.1. Basis of Preparation These interim consolidated financial statements are general purpose financial statements prepared in accordance with the requirements of the Corporations Act 2001, applicable accounting standards including AASB 134 ‘Interim Financial Reporting’, Accounting Interpretations and other authoritative pronouncements of the Australian Accounting Standards Board (‘AASB’). Compliance with AASB 134 ensures compliance with IAS 34 ‘Interim Financial Reporting’. This condensed interim financial report does not include full disclosures of the type normally included in an annual financial report. Therefore, it cannot be expected to provide as full an understanding of the financial performance, financial position and cash flows of the Group as in the full financial report. The interim report has been prepared on a historical cost basis. Cost is based on the fair value of the consideration given in exchange for assets. The company is domiciled in Australia and all amounts are presented in Australian dollars, unless otherwise noted. 1.2. Basis of Measurement The financial report has been prepared on a historical cost basis. 1.3. Functional and Presentation Currency The financial report is presented in Australian dollars. 1.4. Compliance with IFRS The interim financial statements comply with Australian Accounting Standards, which include Australian equivalents to International Financial Reporting Standards (AIFRS). Compliance with AIFRS ensures that the financial report, comprising the interim financial statements and notes thereto, complies with International Financial Reporting Standards (IFRS). The following is a summary of the material accounting policies adopted by the entity in the preparation of the financial report. The accounting policies have been consistently applied, unless otherwise stated. The financial report has been prepared on an accruals basis and is based on historical costs modified by the revaluation of selected non-current assets, financial assets and financial liabilities for which the fair value basis of accounting has been applied. Notes to the Condensed Consolidated Financial Statements Interim Financial Report 31 December 2025 12 OD6 Metals Limited 1.5. Going Concern This report is prepared on the going concern basis which assumes the continuity of normal business activity and the realisation of assets and settlement of liabilities in the normal course of business. For the half year ended 31 December 2025, the Group incurred a loss from operations of $891,601 (31 December 2024: $2,181,024) and recorded cash outflows from operating activities of $671,569 (31 December 2024: $699,251). As at 31 December 2025, the Group had net working capital of $1,447,930 with cash of $2,044,928 (30 June 2025: $1,089,712) available. The Group’s ability to continue as a going concern is dependent upon it maintaining sufficient funds for its operations and commitments. The Board believes that it has sufficient funding in place to meet its operating objectives. The Directors consider the basis of going concern to be appropriate for the following reasons: o the cash balance of the Company relative to its fixed and discretionary expenditure commitments; o given the Company’s market capitalisation and the underlying prospects for the Company to raise further funds from the capital markets; and o the fact that future exploration and evaluation expenditure is generally discretionary in nature (i.e. at the discretion of the Directors having regard to an assessment of the Company’s eligible expenditure to date and the timing and quantum of its remaining earn-in expenditure requirements). Subject to meeting certain minimum expenditure commitments, further exploration activities may be slowed or suspended as part of the management of the Company’s working capital. Based on the cash flow forecasts and other factors referred to above, the directors are satisfied that the going concern basis of preparation is appropriate. In particular, given the Company's history of raising capital to date, the directors are satisfied of the Company's ability to raise additional funds as and when they are required. Should the Company be unable to raise sufficient funds, there is material uncertainty whether it would continue as a going concern and therefore whether it would realise its assets and extinguish its liabilities other than in the normal course of business and at amounts different to those stated in the financial statements. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or to the amounts or classification of liabilities that might result should the Company be unable to continue as a going concern and meet its debts as and when they fall due. Notes to the Condensed Consolidated Financial Statements Interim Financial Report 31 December 2025 13 OD6 Metals Limited 2. Capital Expenditure 2.1. Exploration & Evaluation Expenditure 31-Dec-25 $ 30-Jun-25 $ Exploration and evaluation 8,570,761 6,861,903 Movement: Opening balance 6,861,903 7,011,135 Costs capitalised during the year, net of refunds 1,708,858 1,321,272 Acquisition of Gulf Creek Project - 502,000 Costs impaired during the year - (1,972,504) Closing balance 8,570,761 6,861,903 Projects: Gulf Creek 2,129,766 1,269,008 Splinter Rock 6,440,995 5,592,895 Closing balance 8,570,761 6,861,903 2.2. Property Plant and equipment 31-Dec-25 $ 30-Jun-25 $ Office Equipment 4,881 4,881 Accumulated depreciation – Office Equipment (3,251) (2,759) Computer Equipment - Cost 10,350 10,350 Accumulated depreciation – Computer Equipment (9,151) (8,389) Motor Vehicle 176,870 176,870 Accumulated depreciation – Motor Vehicle (67,755) (57,431) Plant & Equipment 81,930 81,930 Accumulated depreciation – Plant & Equipment (30,905) (25,341) Net carrying amount 162,969 180,111 2.3. Trade and Other Payables 31-Dec-25 $ 30-Jun-25 $ Trade Creditors 962,310 139,002 PAYG Withholding Payable 8,970 16,180 Superannuation Payable 7,499 - Accrued Expenses 97,065 70,575 1,075,844 225,757 3. Financial Performance 3.1. Other Income 31-Dec-25 31-Dec-24 Revenue from continuing operations $ $ Interest Earned 16,788 30,923 Interest accrued for Term Deposits - - 16,788 30,923 Notes to the Condensed Consolidated Financial Statements Interim Financial Report 31 December 2025 14 OD6 Metals Limited 3.2. Expenses 31-Dec-25 31-Dec-24 Administration services $ $ Consulting (121,513) (98,983) Conferences (36,579) (686) Insurance (13,496) (15,162) Investor relations (117,145) (52,050) Share Registry (15,427) (10,407) Other (45,689) (22,189) (349,849) (199,477) 4. Funding and risk management 4.1. Share capital Date Number of shares Issue price $ Value $ Balance at 01 July 2024 128,690,173 10,887,543 Issue of shares – 15 January Issue of shares – 19 February Issue of shares – 7 May Less: transaction costs 15 January 19 February 7 May 6,000,000 24,555,555 1,222,222 0.058 0.045 0.045 300,000 1,104,999 55,000 (184,462) Balance at 30 June 2025 160,467,950 12,163,080 Issue of shares – 27 August 27 August 38,461,538 0.065 2,499,999 Issue of shares – 17 December 17 December 2,177,777 0.065 141,556 Shares not yet issued, but funds received 30 December 65,000 Less: transaction costs (346,844) Balance at 31 December 2025 201,107,265 14,522,791 5. Related Parties 5.1. Related Parties Details relating to key management personnel, including remuneration paid are in included in the 2025 annual report. The aggregated compensation made to directors of the consolidated entity is set out below: 31-Dec-25 31-Dec-24 $ $ Short term benefits 201,000 222,090 Post-employment benefits 24,120 14,612 Share based payments 336,294 48,866 Total compensation 561,414 285,568 5.2. Other transactions with related parties Geospy Pty Ltd, which is a related party via associated with former director, Dr Darren Holden. Dr Holden resigned as non-executive chairman on 31 July 2025. He remains as a consultant to the Company. During his tenure Geospy billed $10,000. Notes to the Condensed Consolidated Financial Statements Interim Financial Report 31 December 2025 15 OD6 Metals Limited 6. Share Based Payments 6.1 Options Date of issue KMP Incentive Options 22-Oct-2025 Employee Incentive Options 31-Oct-2025 Consultant Incentive Options 31-Oct-2025 Broker Options 30-Oct-2025 Number of options 9,000,000 1,500,000 1,000,000 5,000,000 Dividend yield (%) 0% 0% 0% 0% Expected volatility (%) 125.01% 125.01% 125.01% 125.01% Risk free interest rate (%) 3.91% 3.91% 3.91% 3.91% Expected life of the option (years) 3 3 3 2.5 Option exercise price ($) $0.10 $0.10 $0.10 $0.10 Share price at grant date ($) $0.066 $0.064 $0.064 $0.064 Fair value per option ($) $0.0448 $0.0431 $0.0431 $0.0357 Total value at grant date ($) $403,796 $64,628 $43,086 $178,304 Expiry Date 30/10/2028 30/10/2028 30/10/2028 30/04/2028 6.2 Performance Rights Performance Rights which convert into Shares on a 1:1 basis subject to the satisfaction of the Milestone as set out below. The Performance Rights have the following Milestones and Expiry Dates: Performance Rights Number of Rights Probability Value $ Performance Rights Class C issued to MD 08 December 2023(1) 1,000,000 50% 82,500 Performance Rights Class D issued to Employees 08 December 2023(2) 300,000 50% 24,750 Closing Balance 31 December 2025 1,300,000 107,250 (1) 1,000,000 Class C Performance Rights converting to Shares (1:1 basis) upon the Company announcing to ASX a JORC 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 800 ppm total rare earth oxides (TREO), expiring at 5pm (AWST) on the date that is 3 years from the issue date. (2) 300,000 Class D Performance Rights converting to Shares (1:1 basis) upon 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, expiring at 5pm (AWST) on the date that is 3 years from the issue date. Notes to the Condensed Consolidated Financial Statements Interim Financial Report 31 December 2025 16 OD6 Metals Limited 6.2.1 Recognised share-based payments 31-Dec-25 $ 31-Dec-24 $ Expense arising from director & employee options issued (1) 511,510 48,866 Options issued to brokers 178,304 - Total share-based payments 689,814 48,866 (1) Amounted recorded as share based payments in P&L $511,510. 6.2.2 Reserves 31-Dec-25 $ Number of Options At 1 July 2025 1,117,552 61,339,251 Options issued to directors & employees 511,510 11,500,000 Options issued to brokers 178,304 5,000,000 Free attaching options issued - 19,230,769 Options converted to shares - (2,177,777) Expired during the period - (22,050,371) Total options held in reserve 1,807,366 72,841,872 31-Dec-25 $ Number of Performance rights At 1 July 2025 107,250 1,300,000 Share based payment for the managing director - - Share based payment for the employees - - Forfeited during the period - - Total performance shares held in reserve 107,250 1,300,000 Total Reserves 1,914,616 7 Segment information Management has determined the operating segments based on the reports reviewed by the Board of the Directors that are used to make strategic decisions. The Company does not have any material operating segments with discrete financial information. The Company does not have any customers and all its assets and liabilities are primarily related to mining industry and are located within Western Australia. The Board of Directors review internal management reports on a regular basis that is consistent with the information provided in the statement of profit and loss and other comprehensive income, statement of financial position and statement of cashflows. As a result, no reconciliation is required because the information as presented is what is used by the Board to make strategic decisions. Notes to the Condensed Consolidated Financial Statements Interim Financial Report 31 December 2025 17 OD6 Metals Limited 8 Other 8.1 Events occurring after the reporting period - On the 06/01/2026 1,000,000 shares were issued on the exercise of unlisted options that had and exercise price of $0.065 and expiry date of 07/05/2028. - On the 14/01/2026 300,000 shares were issued on the exercise of unlisted options that had and exercise price of $0.065 and expiry date of 07/05/2028. - OD6 Metals received their R&D Tax offset for the 2024/2025 financial year of $216,400 on the 04/02/2026. - Subsequent to period end, the company entered into an exclusive option agreement to acquire a 100% interest in 48 unpatented mining claims comprising the Quinn Fluorspar Project in Nevada, USA - TheSyntax Error: Unknown form type Company is to pay a non-refundable option fee of A$75,000 for a 120-day option (extendable to 180 days for A$25,000). Upon exercise and subject to shareholder and regulatory approvals, completion consideration of A$200,000 (cash and/or shares) is payable, with additional deferred co