Earnings release
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Quarterly Report for the Period Ended 30 September 2026 KINGSROSE MINING LIMITED (ASX: KRM) (“KINGSROSE” OR “COMPANY”) PROVIDES AN UPDATE ON ITS ACTIVITIES FOR THE SEPTEMBER 2026 QUARTER HIGHLIGHTS Penikat Project (PGE and Ni-Cu), Finland (100%) Potential near-term value catalyst through targeted first drilling Exploration Permit and Enforcement Order for Area 6 granted by Finnish mining authority (Tukes). Allows for 5,000m of drilling (between 1 August and 31 March) across successive years. Window for third party appeals to these grants is open until 20 November 2026. Represents a key permitting milestone on the path to target drilling commencement in January 2027. Finnmark Project (Cu-Ni-PGE and orogenic gold), Norway (100%) District-scale discovery opportunity seeking funding partner Geological mapping and geochemical sampling activities progressed across tenure. Activities were targeting both magmatic Cu-Ni-PGE and orogenic gold mineralisation. Sample assay results expected in late 2026, set to support target refinement and future geophysics program. Strong engagement with Sámi rightsholders with all summer field activities supported. Revised Norwegian Minerals Act extends exploration licence duration and streamlines permitting. Discussions advancing with potential partners to fund accelerated exploration of the Finnmark Project. Råna Project (Ni-Cu-Co), Norway (51%) Strategic asset with multiple potential value realisation pathways Amendment to EMX Option Agreement extends final spend commitment to September 2028, with commitment to drill 1000 m on greenfield Ni-Cu-Co targets by September 2029. Continued community and stakeholder engagement strengthening relationships. Corporate Ongoing identification, evaluation and negotiation of potential M&A project opportunities. James Withall appointed as Non-Executive Director on 24 August 2026. Kingsrose CEO, Andy Caruso, appointed as Managing Director on 16 October 2026. Cash balance of A$16.7 million at 30 September 2026 (30 June 2026: A$18.1 million).
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PORTFOLIO OVERVIEW Kingsrose is exploring a large Fennoscandian portfolio of copper, nickel and platinum group element (PGE) projects (Figure 1). Figure 1: Location of the Finnmark, Penikat and Råna Projects.
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FINNMARK PROJECT, NORWAY (100%) Exploration During the quarter, Kingsrose undertook a summer mapping and geochemical sampling program over a total of fifteen (15) Cu-Ni-PGE and five (5) orogenic gold priority targets across the Karasjok and Kautokeino Greenstone Belts (Figure 2). Field teams collected a total of 142 line-kilometres of ionic leach soil samples (804 samples) and 43 rock chip samples across these priority targets, with full assay results expected in late 2026. These results are set to be integrated with geological mapping and existing geophysical datasets to refine priority targets and guide winter ground geophysical surveys. Figure 2: Finnmark 2026 field targets over regional geology and architecture interpretation.
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Sustainability and permitting Stakeholder engagement During the quarter, the Company continued to strengthen relationships with the three municipalities (Porsanger, Karasjok and Kautokeino), local communities and Sámi rightsholders (reindeer herders) in its project area. Kingsrose works closely with all stakeholders, including Protect Sápmi, rightsholders, and other Sámi representatives, to design exploration programmes that minimise disturbance. Ahead of the 2026 summer field season, the Kingsrose Sámi-led sustainability team consulted with 12 reindeer herding districts regarding the proposed exploration programme. All rightsholders, plus the three municipalities, supported the planned geological mapping and geochemical sampling activities (and associated transportation and equipment movement dispensations). The 2026 field programme also engaged several Sámi contractors to provide logistical support, further strengthening relationships with local Sámi communities, and supporting regional economic participation. In addition, the Company continues to negotiate process agreements with two reindeer herding districts, which would provide a streamlined pathway to future exploration activities. Revised Minerals Act set to deliver longer tenure and streamlined processes Norway's revised Minerals Act, replacing the 2009 legislation, came into effect on 1 July 2026 following its adoption by the Norwegian Parliament (Storting). The revised legislation seeks to strengthen consultation with Sámi rightsholders and local stakeholders, while creating a clearer and more efficient framework for mineral exploration. The Company’s existing exploration licences are subject to transitional provisions under the revised Act. These provisions maintain the current permitting pathway, while providing the benefit of significantly extended licence duration. The principal changes to the Act relevant to the Company's exploration activities include: • Extended licence duration: All exploration licences valid when the revised Act came into force remain valid until 1 July 2029. Thereafter, licences may be renewed in three-year increments for a total of up to 15 years. In practical terms, the Company’s Norwegian exploration portfolio commencement date has effectively reset to the beginning of the revised exploration licence timeline. This materially extends the duration of the licence while reducing annual tenure costs by up to A$400,000 per annum. • Future drill permitting: Following expiry of the transitional arrangements, the requirement to obtain a Special Permit to drill will be replaced by a three-year exploration plan submitted through a statutory consultation process involving municipalities, Finnmark County, the Finnmark Estate (FeFo), the Sámi Parliament and relevant rightsholders. Kingsrose expects that this revised framework will provide a more transparent and co-ordinated permitting process, while encouraging broader participation by rightsholders and stakeholders during exploration planning. Along with delivering extended tenure duration, it is expected to streamline exploration permitting activities and generally increase the attractiveness of minerals exploration in Norway.
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Business development Kingsrose is advancing discussions with potential strategic joint venture partners to fund exploration across the Finnmark Project. Given its clear prospectivity for both Cu-Ni-PGE and gold mineralisation, the Company is engaging with a range of parties capable of supporting the next phase(s) of exploration. Kingsrose remains committed to advancing the Finnmark Project through responsible exploration, strong engagement with Sámi rightsholders and disciplined technical evaluation. Results from the recent summer field programme, together with continued permitting progress and joint venture discussions, are set to guide the next phase of exploration across this highly prospective Norwegian landholding. PENIKAT PROJECT, FINLAND (100%) Exploration No exploration activity was conducted at the Penikat Project during the quarter (while drill permitting is advanced). Sustainability and permitting Kingsrose is pursuing a streamlined permitting strategy for the Penikat Project, targeting Area 6 for initial drilling (Figure 3). Area 6 The Company excised Area 6 from Area 4 and has been pursuing a discrete Exploration Permit Application with an Enforcement Order for this area. This area is outside the Natura 2000 and Mire Protection areas. In September and early October 2026, Kingsrose received statements from the state landowner (Metsähallitus) and the Finnish environmental regulator (LVV), respectively, concluding that the Natura 2000 assessment was appropriately prepared. On 15 October 2026, Kingsrose announced that the Finnish mining authority (Tukes) had granted the Exploration Permit and Enforcement Order for Area 6. Tukes concluded that the Company has demonstrated that requirements specified within the Mining Act have been met and there was no obstacle to granting the Exploration Permit. The granted Exploration Permit allows for 5,000m of drilling between 1 August and 31 March across successive years. All other conditions detailed within the Exploration Permit are consistent with Company expectations and Finnish responsible exploration practises. The Exploration Permit is valid for four years after the decision becomes legally binding. The validity of the Exploration Permit can be extended in three- year increments for a maximum of 15 years in total. Receipt of the Exploration Permit and Enforcement Order represents a key permitting milestone for Area 6 and allows Kingsrose to continue targeting commencement of drilling in January 2027. Initial drilling of Area 6 is planned to target the northern extension of the AP reef interpreted from geological mapping and historic shallow drilling (Figure 3).
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Figure 3: Kingsrose mineral tenure and geology of the Penikat Project.
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Tukes is now displaying the granted Exploration Permit and Enforcement Order in accordance with provisions outlined within the Mining Act. The window for appeals extends until close of business on 20 November 2026. If no appeals are received, the Exploration Permit becomes legally binding. If the Exploration Permit is appealed, the case will be heard in the Administrative Court of Northern Finland. Through granting of the Enforcement Order, the Company is permitted to undertake a restricted drilling programme of 3,000m each year while appeals against the Exploration Permit are heard in the Administrative Court. The granted Enforcement Order may also be appealed on or before 20 November 2026. Following receipt of legal advice, the Company understands that the Administrative Court prioritises appeals against Enforcement Orders and cases are generally processed within two to three months. If an appeal against the Enforcement Order is assessed and rejected within the three-month period, drilling remains possible in early 2027. Areas 1, 2, 3, 4 and 5 Permitting activities and progress across the other areas of the Penikat Project are at different stages of advancement. For further details, please refer to the Company’s June 2026 Quarterly Activities Report. RÅNA PROJECT, NORWAY (51%) Exploration No exploration activity was conducted at the Råna Project during the quarter. Sustainability and permitting Kingsrose continues to foster relationships with nearby residents and the wider community while exploration on the Råna Project is paused. Business development The Company considers the Råna Project highly prospective for Ni-Cu-Co discovery and is undertaking a strategic review to evaluate the optimal path forward. Subsequent to the end of the quarter Kingsrose and VIAD Royalties AB, a wholly owned subsidiary of Elemental Royalty Corp (formerly EMX Royalty Corp), agreed to amend the Option to Purchase Agreement dated 5 March 2023 (refer to ASX announcement dated 6 March, 2023). Under the amendment, revised work commitments for 19 exploration licences are as follows: On or before September 1, 2028, Kingsrose shall have incurred no less than a cumulative total of AUD $1,000,000 in exploration spend on the VIAD licences. To date Kingsrose have incurred $714,944 in exploration spend on the licences. On or before September 1, 2028, Kingsrose shall have defined drill targets for a subsequent drill program of at least 1000 m. On or before September 1, 2029, Kingsrose shall have completed a drill program of at least 1000 m on the VIAD licences in accordance with the defined targets.
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The amendment provides Kingsrose with an extended timeline within which to meet the Option Agreement work commitments, enabling greater flexibility to define the optimal path forward for the Råna Project. CORPORATE Project expenditure Total costs associated with the Penikat Project and Rana Project during the quarter were A$37,000 and A$68,000, respectively. Total costs associated with the Finnmark Project during the quarter were A$486,000, which included utilisation of unspent funding of A$211,000 (reported as unearned income in the Kingsrose balance sheet at 30 June 2026) provided by previous Finnmark Alliance partner, BHP. Cash As at 30 September 2026, Kingsrose held cash of A$16.7 million (30 June 2026: A$18.1 million). Cashflow summary Net cash outflow from operating activities for the quarter was A$1.3 million (June 2026 quarter: net outflow A$1.2 million); Exploration expenditure during the current quarter was A$0.6 million, consisting of A$0.5 million on the Finnmark Project and A$0.1 million on the Penikat and Råna Projects; Expenditure during the quarter of A$0.9 million relating to administrative and corporate costs, business development and investor relations activities; Receipts from bank interest during the quarter were A$0.2 million; Net cash used in financing activities during the quarter was A$0.03 million, and represents payments for leased right-of-use assets in Norway and Jersey; and Movement of exchange rates on cash held in foreign currency represented a decrease in cash of A$0.02 million, due to a slight strengthening of the Australian dollar. Related party payments Payments of A$62,000 reported in Item 6.1 of the attached Appendix 5B relate to fees paid to Non- Executive Directors (including superannuation). Business development Identification and evaluation of potential M&A project opportunities continues with discussions advancing with several potential counterparties. Board renewal James Withall was appointed as a Non-Executive Director on 24 August 2026. Kingsrose CEO, Andy Caruso, was appointed as Managing Director on 16 October 2026. Capital structure The following provides a summary of all securities on issue as at 30 September 2026:
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Ordinary fully paid shares 753,526,519 Options 10,500,000
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SUMMARY OF MINING TENEMENTS AND AREAS OF INTEREST Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Penikat Platinum Group Element-Copper-Nickel Project, Finland Ala Penikka Exploration Permit (granted but appealed and returned to Tukes) Lapland, Finland ML2021:0132 100% - Penikat Kaltio Exploration Permit Application (pending) Lapland, Finland ML2021:0133 100% - Penikat Pooki Exploration Permit Application (pending) Lapland, Finland ML2021:0134 100% - Keski-Penikka Exploration Permit Application (pending) Lapland, Finland ML2023:0120 100% - Yli-Penikka Exploration Permit Application (pending) Lapland, Finland ML2023:0119 100% - Penikat Eraus Exploration Permit Application (pending) Lapland, Finland ML2026:0021 100% - Porsanger Platinum Group Element-Copper-Nickel Project, Norway Porsanger-A Exploration Licence Finnmark, Norway 0165/2019 100% - Porsanger-B Exploration Licence Finnmark, Norway 0166/2019 100% - Porsanger-C Exploration Licence Finnmark, Norway 0167/2019 100% - Porsanger-D Exploration Licence Finnmark, Norway 0168/2019 100% - Porsanger-E Exploration Licence Finnmark, Norway 0169/2019 100% - Porsanger-F Exploration Licence Finnmark, Norway 0388/2022 100% - Porsanger-G Exploration Licence Finnmark, Norway 0389/2022 100% - Porsanger-H Exploration Licence Finnmark, Norway 0390/2022 100% - Råna Nickel-Copper-Cobalt Project, Norway – SRH JV1 Arnes Nordland, Norway 0066/2019 51% - Bruavatnet Nordland, Norway 0067/2019 51% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Krokelva Nordland, Norway 0068/2019 51% - Rånbogen Nordland, Norway 0069/2019 51% - Arnes-B Nordland, Norway 0224/2023 100% - Råna Nickel-Copper-Cobalt Project, Norway – EMX JV2 Råna 1 Nordland, Norway 0258/2022 100% - Råna 2 Nordland, Norway 0269/2022 100% - Råna 3 Nordland, Norway 0278/2022 100% - Råna 4 Nordland, Norway 0279/2022 100% - Råna 5 Nordland, Norway 0280/2022 100% - Råna 6 Nordland, Norway 0281/2022 100% - Råna 7 Nordland, Norway 0282/2022 100% - Råna 8 Nordland, Norway 0283/2022 100% - Råna 9 Nordland, Norway 0284/2022 100% - Råna 10 Nordland, Norway 0259/2022 100% - Råna 11 Nordland, Norway 0260/2022 100% - Råna 12 Nordland, Norway 0261/2022 100% - Råna 13 Nordland, Norway 0262/2022 100% - Råna 14 Nordland, Norway 0263/2022 100% - Råna 16 Nordland, Norway 0265/2022 100% - Råna 17 Nordland, Norway 0266/2022 100% - Råna 18 Nordland, Norway 0267/2022 100% - Råna 19 Nordland, Norway 0268/2022 100% - Råna 20 Nordland, Norway 0270/2022 100% - Sørfjorden Nickel-Copper-Cobalt Project, Norway Sørfjorden-A Nordland, Norway 0225/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Sørfjorden-B Nordland, Norway 0226/2023 100% - Sørfjorden-C Nordland, Norway 0227/2023 100% - Finnmark Regional Exploration Project, Norway Karasjok North 1 Exploration Licence Finnmark, Norway 0413/2023 100% - Karasjok North 2 Exploration Licence Finnmark, Norway 0424/2023 100% - Karasjok North 3 Exploration Licence Finnmark, Norway 0435/2023 100% - Karasjok North 4 Exploration Licence Finnmark, Norway 0446/2023 100% - Karasjok North 5 Exploration Licence Finnmark, Norway 0457/2023 100% - Karasjok North 6 Exploration Licence Finnmark, Norway 0468/2023 100% - Karasjok North 7 Exploration Licence Finnmark, Norway 0479/2023 100% - Karasjok North 8 Exploration Licence Finnmark, Norway 0490/2023 100% - Karasjok North 9 Exploration Licence Finnmark, Norway 0491/2023 100% - Karasjok North 10 Exploration Licence Finnmark, Norway 0414/2023 100% - Karasjok North 11 Exploration Licence Finnmark, Norway 0415/2023 100% - Karasjok North 12 Exploration Licence Finnmark, Norway 0416/2023 100% - Karasjok North 13 Exploration Licence Finnmark, Norway 0417/2023 100% - Karasjok North 14 Exploration Licence Finnmark, Norway 0418/2023 100% - Karasjok North 15 Exploration Licence Finnmark, Norway 0418/2023 100% - Karasjok North 16 Exploration Licence Finnmark, Norway 0420/2023 100% - Karasjok North 17 Exploration Licence Finnmark, Norway 0421/2023 100% - Karasjok North 18 Exploration Licence Finnmark, Norway 0422/2023 100% - Karasjok North 19 Exploration Licence Finnmark, Norway 0423/2023 100% - Karasjok North 20 Exploration Licence Finnmark, Norway 0425/2023 100% - Karasjok North 21 Exploration Licence Finnmark, Norway 0426/2023 100% - Karasjok North 22 Exploration Licence Finnmark, Norway 0427/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Karasjok North 23 Exploration Licence Finnmark, Norway 0428/2023 100% - Karasjok North 24 Exploration Licence Finnmark, Norway 0429/2023 100% - Karasjok North 25 Exploration Licence Finnmark, Norway 0430/2023 100% - Karasjok North 26 Exploration Licence Finnmark, Norway 0431/2023 100% - Karasjok North 27 Exploration Licence Finnmark, Norway 0432/2023 100% - Karasjok North 28 Exploration Licence Finnmark, Norway 0433/2023 100% - Karasjok North 29 Exploration Licence Finnmark, Norway 0434/2023 100% - Karasjok North 30 Exploration Licence Finnmark, Norway 0436/2023 100% - Karasjok North 31 Exploration Licence Finnmark, Norway 0437/2023 100% - Karasjok North 32 Exploration Licence Finnmark, Norway 0438/2023 100% - Karasjok North 33 Exploration Licence Finnmark, Norway 0439/2023 100% - Karasjok North 37 Exploration Licence Finnmark, Norway 0443/2023 100% - Karasjok North 40 Exploration Licence Finnmark, Norway 0447/2023 100% - Karasjok North 41 Exploration Licence Finnmark, Norway 0448/2023 100% - Karasjok North 43 Exploration Licence Finnmark, Norway 0450/2023 100% - Karasjok North 44 Exploration Licence Finnmark, Norway 0451/2023 100% - Karasjok North 45 Exploration Licence Finnmark, Norway 0452/2023 100% - Karasjok North 46 Exploration Licence Finnmark, Norway 0453/2023 100% - Karasjok North 47 Exploration Licence Finnmark, Norway 0454/2023 100% - Karasjok North 48 Exploration Licence Finnmark, Norway 0455/2023 100% - Karasjok North 49 Exploration Licence Finnmark, Norway 0456/2023 100% - Karasjok North 50 Exploration Licence Finnmark, Norway 0458/2023 100% - Karasjok North 51 Exploration Licence Finnmark, Norway 0459/2023 100% - Karasjok North 52 Exploration Licence Finnmark, Norway 0460/2023 100% - Karasjok North 53 Exploration Licence Finnmark, Norway 0461/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Karasjok North 54 Exploration Licence Finnmark, Norway 0462/2023 100% - Karasjok North 55 Exploration Licence Finnmark, Norway 0463/2023 100% - Karasjok North 56 Exploration Licence Finnmark, Norway 0464/2023 100% - Karasjok North 57 Exploration Licence Finnmark, Norway 0465/2023 100% - Karasjok North 58 Exploration Licence Finnmark, Norway 0466/2023 100% - Karasjok North 59 Exploration Licence Finnmark, Norway 0467/2023 100% - Karasjok North 60 Exploration Licence Finnmark, Norway 0469/2023 100% - Karasjok North 61 Exploration Licence Finnmark, Norway 0470/2023 100% - Karasjok North 62 Exploration Licence Finnmark, Norway 0471/2023 100% - Karasjok North 63 Exploration Licence Finnmark, Norway 0472/2023 100% - Karasjok North 64 Exploration Licence Finnmark, Norway 0473/2023 100% - Karasjok North 65 Exploration Licence Finnmark, Norway 0474/2023 100% - Karasjok North 66 Exploration Licence Finnmark, Norway 0475/2023 100% - Karasjok North 67 Exploration Licence Finnmark, Norway 0476/2023 100% - Karasjok North 68 Exploration Licence Finnmark, Norway 0477/2023 100% - Karasjok North 69 Exploration Licence Finnmark, Norway 0478/2023 100% - Karasjok North 70 Exploration Licence Finnmark, Norway 0480/2023 100% - Karasjok North 71 Exploration Licence Finnmark, Norway 0481/2023 100% - Karasjok North 72 Exploration Licence Finnmark, Norway 0482/2023 100% - Karasjok North 73 Exploration Licence Finnmark, Norway 0483/2023 100% - Karasjok North 74 Exploration Licence Finnmark, Norway 0484/2023 100% - Karasjok North 75 Exploration Licence Finnmark, Norway 0485/2023 100% - Karasjok North 76 Exploration Licence Finnmark, Norway 0486/2023 100% - Karasjok North 77 Exploration Licence Finnmark, Norway 0487/2023 100% - Karasjok North 78 Exploration Licence Finnmark, Norway 0488/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Karasjok North 79 Exploration Licence Finnmark, Norway 0489/2023 100% - Karasjok North 80 Exploration Licence Finnmark, Norway 0957/2025 100% - Karasjok North 81 Exploration Licence Finnmark, Norway 0958/2025 100% - Karasjok North 82 Exploration Licence Finnmark, Norway 0959/2025 100% - Karasjok North 83 Exploration Licence Finnmark, Norway 0960/2025 100% - Karasjok South 1 Exploration Licence Finnmark, Norway 0379/2023 100% - Karasjok South 2 Exploration Licence Finnmark, Norway 0390/2023 100% - Karasjok South 3 Exploration Licence Finnmark, Norway 0401/2023 100% - Karasjok South 4 Exploration Licence Finnmark, Norway 0407/2023 100% - Karasjok South 5 Exploration Licence Finnmark, Norway 0408/2023 100% - Karasjok South 6 Exploration Licence Finnmark, Norway 0409/2023 100% - Karasjok South 7 Exploration Licence Finnmark, Norway 0410/2023 100% - Karasjok South 8 Exploration Licence Finnmark, Norway 0411/2023 100% - Karasjok South 9 Exploration Licence Finnmark, Norway 0412/2023 100% - Karasjok South 10 Exploration Licence Finnmark, Norway 0380/2023 100% - Karasjok South 11 Exploration Licence Finnmark, Norway 0381/2023 100% - Karasjok South 12 Exploration Licence Finnmark, Norway 0382/2023 100% - Karasjok South 13 Exploration Licence Finnmark, Norway 0383/2023 100% - Karasjok South 14 Exploration Licence Finnmark, Norway 0384/2023 100% - Karasjok South 15 Exploration Licence Finnmark, Norway 02385/2023 100% - Karasjok South 16 Exploration Licence Finnmark, Norway 0386/2023 100% - Karasjok South 17 Exploration Licence Finnmark, Norway 0387/2023 100% - Karasjok South 18 Exploration Licence Finnmark, Norway 0388/2023 100% - Karasjok South 19 Exploration Licence Finnmark, Norway 0389/2023 100% - Karasjok South 20 Exploration Licence Finnmark, Norway 0391/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Karasjok South 21 Exploration Licence Finnmark, Norway 0392/2023 100% - Karasjok South 22 Exploration Licence Finnmark, Norway 0393/2023 100% - Karasjok South 23 Exploration Licence Finnmark, Norway 0394/2023 100% - Karasjok South 24 Exploration Licence Finnmark, Norway 0395/2023 100% - Karasjok South 25 Exploration Licence Finnmark, Norway 0396/2023 100% - Karasjok South 26 Exploration Licence Finnmark, Norway 0397/2023 100% - Karasjok South 27 Exploration Licence Finnmark, Norway 0398/2023 100% - Karasjok South 28 Exploration Licence Finnmark, Norway 0399/2023 100% - Karasjok South 29 Exploration Licence Finnmark, Norway 0400/2023 100% - Karasjok South 30 Exploration Licence Finnmark, Norway 0402/2023 100% - Karasjok South 31 Exploration Licence Finnmark, Norway 0403/2023 100% - Karasjok South 32 Exploration Licence Finnmark, Norway 0404/2023 100% - Karasjok South 33 Exploration Licence Finnmark, Norway 0405/2023 100% - Karasjok South 34 Exploration Licence Finnmark, Norway 0406/2023 100% - Haldevadda 1 Exploration Licence Finnmark, Norway 0744/2023 100% - Haldevadda 2 Exploration Licence Finnmark, Norway 0745/2023 100% - Haldevadda 3 Exploration Licence Finnmark, Norway 0746/2023 100% - Skoganvarre 1 Exploration Licence Finnmark, Norway 0737/2023 100% - Skoganvarre 2 Exploration Licence Finnmark, Norway 0738/2023 100% - Baisjohka 1 Exploration Licence Finnmark, Norway 0739/2023 100% - Baisjohka 2 Exploration Licence Finnmark, Norway 0740/2023 100% - Baisjohka 3 Exploration Licence Finnmark, Norway 0741/2023 100% - Baisjohka 4 Exploration Licence Finnmark, Norway 0742/2023 100% - Baisjohka 5 Exploration Licence Finnmark, Norway 0743/2023 100% - Adjit 1 Exploration Licence Finnmark, Norway 0278/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Adjit 2 Exploration Licence Finnmark, Norway 0282/2023 100% - Adjit 3 Exploration Licence Finnmark, Norway 0283/2023 100% - Adjit 4 Exploration Licence Finnmark, Norway 0284/2023 100% - Adjit 5 Exploration Licence Finnmark, Norway 0285/2023 100% - Adjit 6 Exploration Licence Finnmark, Norway 0286/2023 100% - Adjit 7 Exploration Licence Finnmark, Norway 0287/2023, 100% - Adjit 8 Exploration Licence Finnmark, Norway 0288/2023 100% - Adjit 9 Exploration Licence Finnmark, Norway 0289/2023 100% - Adjit 10 Exploration Licence Finnmark, Norway 0279/2023 100% - Adjit 11 Exploration Licence Finnmark, Norway 0280/2023 100% - Adjit 12 Exploration Licence Finnmark, Norway 0281/2023 100% - Havggajavri Exploration Licence Finnmark, Norway 0290/2023 100% - Stuorajavri 1 Exploration Licence Finnmark, Norway 0291/2023 100% - Stuorajavri 2 Exploration Licence Finnmark, Norway 0292/2023 100% - Stuorajavri 3 Exploration Licence Finnmark, Norway 0293/2023 100% - Stuorajavri 4 Exploration Licence Finnmark, Norway 0294/2023 100% - Stuorajavri 5 Exploration Licence Finnmark, Norway 0295/2023 100% - Stuorajavri 6 Exploration Licence Finnmark, Norway 0296/2023 100% - Ucca Vuodas 1 Exploration Licence Finnmark, Norway 0301/2023 100% - Ucca Vuodas 2 Exploration Licence Finnmark, Norway 0297/2023 100% - Ucca Vuodas 3 Exploration Licence Finnmark, Norway 0298/2023 100% - Ucca Vuodas 4 Exploration Licence Finnmark, Norway 0299/2023 100% - Ucca Vuodas 5 Exploration Licence Finnmark, Norway 0300/2023 100% - Masi 1 Exploration Licence Finnmark, Norway 0377/2023 100% - Masi 2 Exploration Licence Finnmark, Norway 0378/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Kautokeino North 1 Exploration Licence Finnmark, Norway 0493/2023 100% - Kautokeino North 2 Exploration Licence Finnmark, Norway 0504/2023 100% - Kautokeino North 3 Exploration Licence Finnmark, Norway 0515/2023 100% - Kautokeino North 4 Exploration Licence Finnmark, Norway 0526/2023 100% - Kautokeino North 5 Exploration Licence Finnmark, Norway 0537/2023 100% - Kautokeino North 6 Exploration Licence Finnmark, Norway 0548/2023 100% - Kautokeino North 7 Exploration Licence Finnmark, Norway 0559/2023 100% - Kautokeino North 8 Exploration Licence Finnmark, Norway 0568/2023 100% - Kautokeino North 9 Exploration Licence Finnmark, Norway 0569/2023 100% - Kautokeino North 10 Exploration Licence Finnmark, Norway 0494/2023 100% - Kautokeino North 11 Exploration Licence Finnmark, Norway 0495/2023 100% - Kautokeino North 12 Exploration Licence Finnmark, Norway 0496/2023 100% - Kautokeino North 13 Exploration Licence Finnmark, Norway 0497/2023 100% - Kautokeino North 14 Exploration Licence Finnmark, Norway 0498/2023 100% - Kautokeino North 15 Exploration Licence Finnmark, Norway 0499/2023 100% - Kautokeino North 16 Exploration Licence Finnmark, Norway 0500/2023 100% - Kautokeino North 17 Exploration Licence Finnmark, Norway 0501/2023 100% - Kautokeino North 18 Exploration Licence Finnmark, Norway 0502/2023 100% - Kautokeino North 19 Exploration Licence Finnmark, Norway 0503/2023 100% - Kautokeino North 20 Exploration Licence Finnmark, Norway 0505/2023 100% - Kautokeino North 21 Exploration Licence Finnmark, Norway 0506/2023 100% - Kautokeino North 22 Exploration Licence Finnmark, Norway 0507/2023 100% - Kautokeino North 23 Exploration Licence Finnmark, Norway 0508/2023 100% - Kautokeino North 24 Exploration Licence Finnmark, Norway 0509/2023 100% - Kautokeino North 25 Exploration Licence Finnmark, Norway 0510/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Kautokeino North 26 Exploration Licence Finnmark, Norway 0511/2023 100% - Kautokeino North 27 Exploration Licence Finnmark, Norway 0512/2023 100% - Kautokeino North 28 Exploration Licence Finnmark, Norway 0513/2023 100% - Kautokeino North 29 Exploration Licence Finnmark, Norway 0514/2023 100% - Kautokeino North 30 Exploration Licence Finnmark, Norway 0516/2023 100% - Kautokeino North 31 Exploration Licence Finnmark, Norway 0516/2023 100% - Kautokeino North 32 Exploration Licence Finnmark, Norway 0518/2023 100% - Kautokeino North 33 Exploration Licence Finnmark, Norway 0519/2023 100% - Kautokeino North 34 Exploration Licence Finnmark, Norway 0520/2023 100% - Kautokeino North 35 Exploration Licence Finnmark, Norway 0521/2023 100% - Kautokeino North 36 Exploration Licence Finnmark, Norway 0522/2023 100% - Kautokeino North 37 Exploration Licence Finnmark, Norway 0523/2023 100% - Kautokeino North 38 Exploration Licence Finnmark, Norway 0524/2023 100% - Kautokeino North 39 Exploration Licence Finnmark, Norway 0525/2023 100% - Kautokeino North 40 Exploration Licence Finnmark, Norway 0527/2023 100% - Kautokeino North 41 Exploration Licence Finnmark, Norway 0528/2023 100% - Kautokeino North 42 Exploration Licence Finnmark, Norway 0529/2023 100% - Kautokeino North 43 Exploration Licence Finnmark, Norway 0530/2023 100% - Kautokeino North 44 Exploration Licence Finnmark, Norway 0531/2023 100% - Kautokeino North 45 Exploration Licence Finnmark, Norway 0532/2023 100% - Kautokeino North 46 Exploration Licence Finnmark, Norway 0533/2023 100% - Kautokeino North 47 Exploration Licence Finnmark, Norway 0534/2023 100% - Kautokeino North 48 Exploration Licence Finnmark, Norway 0535/2023 100% - Kautokeino North 49 Exploration Licence Finnmark, Norway 0536/2023 100% - Kautokeino North 50 Exploration Licence Finnmark, Norway 0538/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Kautokeino North 51 Exploration Licence Finnmark, Norway 0539/2023 100% - Kautokeino North 52 Exploration Licence Finnmark, Norway 0540/2023 100% - Kautokeino North 53 Exploration Licence Finnmark, Norway 0541/2023 100% - Kautokeino North 54 Exploration Licence Finnmark, Norway 0542/2023 100% - Kautokeino North 55 Exploration Licence Finnmark, Norway 0543/2023 100% - Kautokeino North 56 Exploration Licence Finnmark, Norway 0544/2023 100% - Kautokeino North 57 Exploration Licence Finnmark, Norway 0545/2023 100% - Kautokeino North 58 Exploration Licence Finnmark, Norway 0546/2023 100% - Kautokeino North 59 Exploration Licence Finnmark, Norway 0547/2023 100% - Kautokeino North 60 Exploration Licence Finnmark, Norway 0549/2023 100% - Kautokeino North 61 Exploration Licence Finnmark, Norway 0550/2023 100% - Kautokeino North 62 Exploration Licence Finnmark, Norway 0551/2023 100% - Kautokeino North 63 Exploration Licence Finnmark, Norway 0552/2023 100% - Kautokeino North 64 Exploration Licence Finnmark, Norway 0553/2023 100% - Kautokeino North 65 Exploration Licence Finnmark, Norway 0554/2023 100% - Kautokeino North 66 Exploration Licence Finnmark, Norway 0555/2023 100% - Kautokeino North 67 Exploration Licence Finnmark, Norway 0556/2023 100% - Kautokeino North 68 Exploration Licence Finnmark, Norway 0557/2023 100% - Kautokeino North 69 Exploration Licence Finnmark, Norway 0558/2023 100% - Kautokeino North 70 Exploration Licence Finnmark, Norway 0560/2023 100% - Kautokeino North 71 Exploration Licence Finnmark, Norway 0561/2023 100% - Kautokeino North 72 Exploration Licence Finnmark, Norway 0562/2023 100% - Kautokeino North 73 Exploration Licence Finnmark, Norway 0563/2023 100% - Kautokeino North 74 Exploration Licence Finnmark, Norway 0564/2023 100% - Kautokeino North 75 Exploration Licence Finnmark, Norway 0565/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Kautokeino North 76 Exploration Licence Finnmark, Norway 0566/2023 100% - Kautokeino North 77 Exploration Licence Finnmark, Norway 0567/2023 100% - Kautokeino South 1 Exploration Licence Finnmark, Norway 0593/2023 100% - Kautokeino South 2 Exploration Licence Finnmark, Norway 0604/2023 100% - Kautokeino South 3 Exploration Licence Finnmark, Norway 0615/2023 100% - Kautokeino South 4 Exploration Licence Finnmark, Norway 0626/2023 100% - Kautokeino South 5 Exploration Licence Finnmark, Norway 0635/2023 100% - Kautokeino South 6 Exploration Licence Finnmark, Norway 0636/2023 100% - Kautokeino South 7 Exploration Licence Finnmark, Norway 0637/2023 100% - Kautokeino South 8 Exploration Licence Finnmark, Norway 0638/2023 100% - Kautokeino South 9 Exploration Licence Finnmark, Norway 0639/2023 100% - Kautokeino South 10 Exploration Licence Finnmark, Norway 0594/2023 100% - Kautokeino South 11 Exploration Licence Finnmark, Norway 0595/2023 100% - Kautokeino South 12 Exploration Licence Finnmark, Norway 0596/2023 100% - Kautokeino South 13 Exploration Licence Finnmark, Norway 0597/2023 100% - Kautokeino South 14 Exploration Licence Finnmark, Norway 0598/2023 100% - Kautokeino South 15 Exploration Licence Finnmark, Norway 0599/2023 100% - Kautokeino South 16 Exploration Licence Finnmark, Norway 0600/2023 100% - Kautokeino South 17 Exploration Licence Finnmark, Norway 0601/2023 100% - Kautokeino South 18 Exploration Licence Finnmark, Norway 0602/2023 100% - Kautokeino South 19 Exploration Licence Finnmark, Norway 0603/2023 100% - Kautokeino South 20 Exploration Licence Finnmark, Norway 0605/2023 100% - Kautokeino South 21 Exploration Licence Finnmark, Norway 0606/2023 100% - Kautokeino South 22 Exploration Licence Finnmark, Norway 0607/2023 100% - Kautokeino South 23 Exploration Licence Finnmark, Norway 0608/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Kautokeino South 24 Exploration Licence Finnmark, Norway 0609/2023 100% - Kautokeino South 25 Exploration Licence Finnmark, Norway 0610/2023 100% - Kautokeino South 26 Exploration Licence Finnmark, Norway 0611/2023 100% - Kautokeino South 27 Exploration Licence Finnmark, Norway 0612/2023 100% - Kautokeino South 28 Exploration Licence Finnmark, Norway 0613/2023 100% - Kautokeino South 29 Exploration Licence Finnmark, Norway 0614/2023 100% - Kautokeino South 30 Exploration Licence Finnmark, Norway 0616/2023 100% - Kautokeino South 31 Exploration Licence Finnmark, Norway 0617/2023 100% - Kautokeino South 32 Exploration Licence Finnmark, Norway 0618/2023 100% - Kautokeino South 33 Exploration Licence Finnmark, Norway 0619/2023 100% - Kautokeino South 34 Exploration Licence Finnmark, Norway 0620/2023 100% - Kautokeino South 35 Exploration Licence Finnmark, Norway 0621/2023 100% - Kautokeino South 36 Exploration Licence Finnmark, Norway 0622/2023 100% - Kautokeino South 37 Exploration Licence Finnmark, Norway 0623/2023 100% - Kautokeino South 38 Exploration Licence Finnmark, Norway 0624/2023 100% - Kautokeino South 39 Exploration Licence Finnmark, Norway 0625/2023 100% - Kautokeino South 40 Exploration Licence Finnmark, Norway 0627/2023 100% - Kautokeino South 41 Exploration Licence Finnmark, Norway 0628/2023 100% - Kautokeino South 42 Exploration Licence Finnmark, Norway 0629/2023 100% - Kautokeino South 43 Exploration Licence Finnmark, Norway 0630/2023 100% - Kautokeino South 44 Exploration Licence Finnmark, Norway 0631/2023 100% - Kautokeino South 45 Exploration Licence Finnmark, Norway 0632/2023 100% - Kautokeino South 46 Exploration Licence Finnmark, Norway 0633/2023 100% - Kautokeino South 47 Exploration Licence Finnmark, Norway 0634/2023 100% - Kautokeino Central A Exploration Licence Finnmark, Norway 0570/2023 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Kautokeino Central B Exploration Licence Finnmark, Norway 0571/2023 100% - Kautokeino Central C Exploration Licence Finnmark, Norway 0572/2023 100% - Kautokeino Central D Exploration Licence Finnmark, Norway 0573/2023 100% - Kautokeino Central E Exploration Licence Finnmark, Norway 0574/2023 100% - Kautokeino Central F Exploration Licence Finnmark, Norway 0575/2023 100% - Kautokeino Central G Exploration Licence Finnmark, Norway 0576/2023 100% - Kautokeino Central H Exploration Licence Finnmark, Norway 0577/2023 100% - Kautokeino Central I Exploration Licence Finnmark, Norway 0578/2023 100% - Kautokeino Central J Exploration Licence Finnmark, Norway 0579/2023 100% - Kautokeino Central K Exploration Licence Finnmark, Norway 0580/2023 100% - Kautokeino Central L Exploration Licence Finnmark, Norway 0581/2023 100% - Kautokeino Central M Exploration Licence Finnmark, Norway 0582/2023 100% - Kautokeino Central N Exploration Licence Finnmark, Norway 0583/2023 100% - Kautokeino Central O Exploration Licence Finnmark, Norway 0584/2023 100% - Kautokeino Central P Exploration Licence Finnmark, Norway 0585/2023 100% - Kautokeino Central Q Exploration Licence Finnmark, Norway 0586/2023 100% - Kautokeino Central R Exploration Licence Finnmark, Norway 0587/2023 100% - Kautokeino Central S Exploration Licence Finnmark, Norway 0588/2023 100% - Kautokeino Central T Exploration Licence Finnmark, Norway 0589/2023 100% - Kautokeino Central U Exploration Licence Finnmark, Norway 0590/2023 100% - Kautokeino Central V Exploration Licence Finnmark, Norway 0591/2023 100% - Kautokeino Central W Exploration Licence Finnmark, Norway 0592/2023 100% - Kautokeino West 1 Finnmark, Norway 0810/2026 100% - Kautokeino West 10 Finnmark, Norway 0811/2026 100% - Kautokeino West 11 Finnmark, Norway 0812/2026 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Kautokeino West 12 Finnmark, Norway 0813/2026 100% - Kautokeino West 13 Finnmark, Norway 0814/2026 100% - Kautokeino West 14 Finnmark, Norway 0815/2026 100% - Kautokeino West 15 Finnmark, Norway 0816/2026 100% - Kautokeino West 16 Finnmark, Norway 0817/2026 100% - Kautokeino West 17 Finnmark, Norway 0818/2026 100% - Kautokeino West 18 Finnmark, Norway 0819/2026 100% - Kautokeino West 19 Finnmark, Norway 0820/2026 100% - Kautokeino West 2 Finnmark, Norway 0821/2026 100% - Kautokeino West 20 Finnmark, Norway 0822/2026 100% - Kautokeino West 21 Finnmark, Norway 0823/2026 100% - Kautokeino West 22 Finnmark, Norway 0824/2026 100% - Kautokeino West 23 Finnmark, Norway 0825/2026 100% - Kautokeino West 24 Finnmark, Norway 0826/2026 100% - Kautokeino West 25 Finnmark, Norway 0827/2026 100% - Kautokeino West 26 Finnmark, Norway 0828/2026 100% - Kautokeino West 27 Finnmark, Norway 0829/2026 100% - Kautokeino West 28 Finnmark, Norway 0830/2026 100% - Kautokeino West 29 Finnmark, Norway 0831/2026 100% - Kautokeino West 3 Finnmark, Norway 0832/2026 100% - Kautokeino West 30 Finnmark, Norway 0833/2026 100% - Kautokeino West 31 Finnmark, Norway 0834/2026 100% - Kautokeino West 32 Finnmark, Norway 0835/2026 100% - Kautokeino West 33 Finnmark, Norway 0836/2026 100% - Kautokeino West 34 Finnmark, Norway 0837/2026 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Kautokeino West 35 Finnmark, Norway 0838/2026 100% - Kautokeino West 36 Finnmark, Norway 0839/2026 100% - Kautokeino West 37 Finnmark, Norway 0840/2026 100% - Kautokeino West 38 Finnmark, Norway 0841/2026 100% - Kautokeino West 39 Finnmark, Norway 0842/2026 100% - Kautokeino West 4 Finnmark, Norway 0843/2026 100% - Kautokeino West 40 Finnmark, Norway 0844/2026 100% - Kautokeino West 41 Finnmark, Norway 0845/2026 100% - Kautokeino West 42 Finnmark, Norway 0846/2026 100% - Kautokeino West 43 Finnmark, Norway 0847/2026 100% - Kautokeino West 44 Finnmark, Norway 0848/2026 100% - Kautokeino West 45 Finnmark, Norway 0849/2026 100% - Kautokeino West 46 Finnmark, Norway 0850/2026 100% - Kautokeino West 47 Finnmark, Norway 0851/2026 100% - Kautokeino West 48 Finnmark, Norway 0852/2026 100% - Kautokeino West 49 Finnmark, Norway 0853/2026 100% - Kautokeino West 5 Finnmark, Norway 0854/2026 100% - Kautokeino West 50 Finnmark, Norway 0855/2026 100% - Kautokeino West 51 Finnmark, Norway 0856/2026 100% - Kautokeino West 52 Finnmark, Norway 0857/2026 100% - Kautokeino West 53 Finnmark, Norway 0858/2026 100% - Kautokeino West 54 Finnmark, Norway 0859/2026 100% - Kautokeino West 55 Finnmark, Norway 0860/2026 100% - Kautokeino West 56 Finnmark, Norway 0861/2026 100% - Kautokeino West 57 Finnmark, Norway 0862/2026 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Kautokeino West 58 Finnmark, Norway 0863/2026 100% - Kautokeino West 59 Finnmark, Norway 0864/2026 100% - Kautokeino West 6 Finnmark, Norway 0865/2026 100% - Kautokeino West 60 Finnmark, Norway 0866/2026 100% - Kautokeino West 61 Finnmark, Norway 0867/2026 100% - Kautokeino West 62 Finnmark, Norway 0868/2026 100% - Kautokeino West 63 Finnmark, Norway 0869/2026 100% - Kautokeino West 64 Finnmark, Norway 0870/2026 100% - Kautokeino West 65 Finnmark, Norway 0871/2026 100% - Kautokeino West 66 Finnmark, Norway 0872/2026 100% - Kautokeino West 67 Finnmark, Norway 0873/2026 100% - Kautokeino West 68 Finnmark, Norway 0874/2026 100% - Kautokeino West 69 Finnmark, Norway 0875/2026 100% - Kautokeino West 7 Finnmark, Norway 0876/2026 100% - Kautokeino West 70 Finnmark, Norway 0877/2026 100% - Kautokeino West 71 Finnmark, Norway 0878/2026 100% - Kautokeino West 72 Finnmark, Norway 0879/2026 100% - Kautokeino West 73 Finnmark, Norway 0880/2026 100% - Kautokeino West 74 Finnmark, Norway 0881/2026 100% - Kautokeino West 75 Finnmark, Norway 0882/2026 100% - Kautokeino West 76 Finnmark, Norway 0883/2026 100% - Kautokeino West 77 Finnmark, Norway 0884/2026 100% - Kautokeino West 78 Finnmark, Norway 0885/2026 100% - Kautokeino West 79 Finnmark, Norway 0886/2026 100% - Kautokeino West 8 Finnmark, Norway 0887/2026 100% -
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter Kautokeino West 80 Finnmark, Norway 0888/2026 100% - Kautokeino West 81 Finnmark, Norway 0889/2026 100% - Kautokeino West 82 Finnmark, Norway 0890/2026 100% - Kautokeino West 83 Finnmark, Norway 0891/2026 100% - Kautokeino West 84 Finnmark, Norway 0892/2026 100% - Kautokeino West 9 Finnmark, Norway 0893/2026 100% - Gallujavri Option, Finnmark Project, Norway3 Gallujavri 1 Finnmark, Norway 0026/2021 0% - Gallujavri 2 Finnmark, Norway 0027/2021 0% - Gallujavri 3 Finnmark, Norway 0028/2021 0% - Gallujavri 4 Finnmark, Norway 0029/2021 0% - Gallujavri 5 Finnmark, Norway 0030/2021 0% - Gallujavri 6 Finnmark, Norway 0031/2021 0% - Gallujavri 7 Finnmark, Norway 0032/2021 0% - Gallujavri 8 Finnmark, Norway 0033/2021 0% - Gallujavri 9 Finnmark, Norway 0686/2023 0% - Gallujavri 10 Finnmark, Norway 0682/2023 0% - Gallujavri 11 Finnmark, Norway 0683/2023 0% - Gallujavri 12 Finnmark, Norway 0684/2023 0% - Gallujavri 13 Finnmark, Norway 0685/2023 0% - Notes: The Company has a 2% net smelter return royalty in respect of the Way Linggo project, Indonesia, subject to a cap of US$7,500,000 including the applicable withholding tax. 1 Refer to ASX Announcement dated 18 January 2023 for terms of SRH earn-in agreement. 2 Refer to ASX Announcement dated 6 March 2023 for terms of EMX option agreement and ASX Announcement dated 4 March 2024 for reference to Kingsrose’s exercise of the option.
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Project/Tenement Held Location Tenement Number Equity Interest at Quarter End Change in Entity’s Interest During the Quarter 3 Refer to ASX Announcement dated 27 May 2025 for terms of EMX option agreement relating to the Gallujavri project Kingsrose acquired additional 84 number of Exploration Permits over the Finnmark AOI to consolidate the ground following positive response from BHP Technical Team prior to the notice of termination of the Alliance. -ENDS- This Quarterly Activities Report has been released with authority from the Board of Directors. For more information, please visit www.kingsrose.com or contact: Corporate Enquiries Follow our communications Andy Caruso LinkedIn: Kingsrose Mining Chief Executive Officer X: @KingsroseMining +61 8 9389 3190 YouTube: Kingsrose Mining info@kingsrose.com About Kingsrose Mining Limited Kingsrose Mining Limited is a leading sustainability-conscious and technically proficient mineral exploration Company listed on the ASX. The Company has a discovery-focused strategy, targeting the acquisition and exploration of critical mineral deposits. This has resulted in the acquisition of, or joint venture into, the Råna nickel-copper-cobalt and Penikat PGE-Base Metal projects in Norway and Finland. Kingsrose is also actively looking for M&A projects that can create new pathways to value for the Company. Forward-looking statements This report includes forward-looking statements, including forward-looking statements relating to the future operations of the Company. These forward-looking statements are based on the Company’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties, and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements. The Company makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement to reflect the circumstances or events after the date of this announcement. Competent Persons Statement The information in this report that relates to Exploration Results at the Finnmark project was first reported by the Company in compliance with the 2012 edition of the JORC Code in ASX announcements dated 10
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November 2021, 12 October 2022, 4 September 2023, 22 May 2024, 12 February 2025, 27 May 2025, 8 July 2025, 21 August 2025, 2 March 2026, 21 May 2026 and 12 August 2026. The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX releases referred to above and it further confirms that all material assumptions and technical parameters underpinning the exploration results continue to apply and have not materially changed.
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Rule 5.5 ASX Listing Rules Appendix 5B (17/07/20) Page 1 + See chapter 19 of the ASX Listing Rules for defined terms. Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Kingsrose Mining Limited ABN Quarter ended (“current quarter”) 49 112 389 910 30 Sept 2026 Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 1. Cash flows from operating activities 8 8 1.1 Receipts from customers 1.2 Payments for (630) (630) (a) exploration & evaluation (b) development - - (c) production - - (d) staff costs (310) (310) (e) administration and corporate costs (616) (616) 1.3 Dividends received - - 1.4 Interest received 207 207 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other - - 1.9 Net cash from / (used in) operating activities (1,341) (1,341) 2. Cash flows from investing activities - - 2.1 Payments to acquire or for: (a) entities (b) tenements - - (c) property, plant and equipment - - (d) exploration & evaluation - - (e) investments - - (f) other non-current assets - -
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 2 + See chapter 19 of the ASX Listing Rules for defined terms. Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 2.2 Proceeds from the disposal of: - - (a) entities (b) tenements - - (c) property, plant and equipment - - (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received - - 2.5 Other - - 2.6 Net cash from / (used in) investing activities - - 3. Cash flows from financing activities - - 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities - - 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (Repayment of hire purchases) (36) (36) 3.10 Net cash from / (used in) financing activities (36) (36) 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 18,116 18,116 4.2 Net cash from / (used in) operating activities (item 1.9 above) (1,341) (1,341) 4.3 Net cash from / (used in) investing activities (item 2.6 above) - - 4.4 Net cash from / (used in) financing activities (item 3.10 above) (36) (36) 4.5 Effect of movement in exchange rates on cash held (21) (21) 4.6 Cash and cash equivalents at end of period 16,718 16,718
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 3 + See chapter 19 of the ASX Listing Rules for defined terms. 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 1,968 1,444 5.2 Call deposits 14,750 16,672 5.3 Bank overdrafts - - 5.4 Other - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 16,718 18,116 6. Payments to related parties of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 62 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - Item 6.1 consists of: - Directors’ salaries and fees 7. Financing facilities 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. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 7.1 Loan facilities - - 7.2 Credit standby arrangements - - 7.3 Other - - 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 facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. N/A
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 4 + See chapter 19 of the ASX Listing Rules for defined terms. 8. Estimated cash available for future operating activities $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) (1,341) 8.2 Payments for exploration & evaluation classified as investing activities (item 2.1(d) - 8.3 Total relevant cash inflows / (outgoings) (item 8.1 + item 8.2) (1,341) 8.4 Cash and cash equivalents at quarter end (item 4.6) 16,718 8.5 Unused finance facilities available at quarter end (item 7.5) - 8.6 Total available funding (item 8.4 + item 8.5) 16,718 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 12 8.8 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. If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: N/A 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: N/A 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: N/A Note: Where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. Date: 27 October 2026 Authorised by: The Board of Kingsrose Mining Limited