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SCHEME MEETING PHOTO OF EAST WALL OF TREKELANO OPEN PIT 26 October 2026
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BUSINESS OF THE SCHEME MEETING SCHEME MEETING 2 SCHEME RESOLUTION – APPROVAL OF THE SCHEME Exploration continues with two drill rigs in operation and 44,000m of drilling YTD To consider and, if thought fit, to pass (with or without amendment) the following resolution: “That, pursuant to and in accordance with section 411 of the Corporations Act 2001 (Cth): (a) the scheme of arrangement proposed between Carnaby Resources Limited and the holders of its fully paid ordinary shares, as contained in and more particularly described in the Scheme Booklet of which the notice convening this meeting forms part, is agreed to (with or without any alterations or conditions as approved by the Supreme Court of Western Australia to which Carnaby Resources Limited and Evolution Mining Limited agree); and (b) the Carnaby Directors are authorised to agree to such alterations or conditions as are thought fit by the Court, and subject to approval of the Scheme by the Court, the Carnaby Board is authorised to implement the Scheme with any such alterations or conditions.”
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BUSINESS OF THE SCHEME MEETING SCHEME MEETING 3 REQUISITE MAJORITIES Exploration continues with two drill rigs in operation and 44,000m of drilling YTD In order for the Scheme Resolution to be passed, it must be approved by the ‘Requisite Majorities’, being: (a) unless the Court orders otherwise, a majority in number (more than 50%) of Carnaby Shareholders present and voting at this Scheme Meeting (whether in person or by proxy, attorney or, in the case of corporate Carnaby Shareholders, corporate representative); and (b) at least 75% of the total number of votes cast on the Scheme Resolution by Carnaby Shareholders present and voting at this Scheme Meeting (whether in person or by proxy, attorney or, in the case of corporate Carnaby Shareholders, corporate representative).
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BUSINESS OF THE SCHEME MEETING SCHEME MEETING 4 SCHEME RESOLUTION – PROXY RESULTS Exploration continues with two drill rigs in operation and 44,000m of drilling YTD Number of votes cast % of votes cast Number of shareholders % of shareholders For 117,550,058 94.99% 209 78.57% Against 5,673,896 4.58% 30 11.28% Open1 529,646 0.43% 27 10.15% Total2 123,753,600 100% 2664 100% Abstain3 1,000 1 Requisite majorities At least 75% More than 50% 1 Open votes to be voted at the proxy’s discretion. 2 Totals may exceed 100% due to rounding. 3 Votes relating to a shareholder abstaining from voting are not counted in determining the Requisite Majorities. 4 The number of proxies processed in each grouping (For, Against, Discretionary, etc) for a motion includes only proxies where the entire holding has been included in the same group. If the donor of a proxy has split the holding between groups, the proxy has not been included in the count of proxies of any group. For this reason, the total proxies processed for all the groups could be less than the number of proxies actually processed.
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Scheme Meeting Closed Thank you for your attendance