Earnings release
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ASX ANNOUNCEMENT 28 January 2026 A.B.N. 11 009 341 539 Quarterly Activities Report - December 2025 ASX:TBR Suite G1, 49 Melville Parade South Perth WA 6151 T: +61 8 9474 2113 | F: +61 8 9367 9386 E: tribune@tribune.com.au | W: www.tribune.com.au Highlights ▪ During the quarter, Tribune and Rand processed 66,340 tonnes of ore at 3.29 g/t, at joint venture partner Evolution Mining Limited’s Mungari processing plant, with Tribune’s share equating to 49,755 tonnes. ▪ 6.720 ounces of gold were produced by Tribune and Rand during the quarter. Tribune’s 75% share of the gold produced was 5,040 oz. ▪ The combined Tribune and Rand group allocation of ore mined from all sources at EKJV was 155,691 tonnes at a grade of 2.6 g/t for 13,009 ounces of gold, an increase in gold mined of 96% on the previous quarter result. ▪ Exploration Drilling at the Japa and Adiembra Projects in Ghana was completed in late December and samples have been sent to the laboratory for analysis. Analysis of the results will be conducted during 2026. Operations update Mining from the East Kundana Joint Venture (“EKJV”) produced ore from three sources during the quarter: the Rubicon-Hornet-Pegasus (“RHP”) underground mine, the Raleigh underground mine and the Hornet open pit mine. Mining at RHP and Raleigh underground operations delivered 123,307 tonnes for 12,523 ounces of gold. Hornet open pit delivered ore this quarter contributing 194,430 tonnes for 14,027 ounces of gold. The combined Rand and Tribune group allocation of ore mined from all sources at EKJV was 155,691 tonnes at a grade of 2.6 g/t for 13,009 ounces of gold, an increase in gold mined of 96% on the previous quarter result. Tribune’s allocation of mined tonnes from all sources was 116,768 tonnes at a combined grade of 2.6 g/t for 9,757 ounces. Production from the EKJV operations processed 66,340 tonnes of ore at 3.29 g/t for Rand and Tribune, at the joint venture partner Evolution Mining Limited Mungari processing plant, with Tribune’s share equating to 49,755 tonnes. 6,720 ounces of gold were produced by Rand and Tribune during the quarter. Tribune’s 75% share of the gold produced was 5,040 ounces. Exploration Drilling at the Japa and Adiembra Projects in Ghana was completed in late December and samples have been sent to the laboratory for analysis. Analysis of the results will be conducted during 2026. The Company drilled 8,412 metres during the entire campaign during the second half of 2025, including 41 holes drilled at the Japa stretch totalling 4,100m and 27 drillholes at Adiembra for a total of 4,312m. Tribune completed 10 drillholes at Japa and 27 drillholes at Adiembra in the December 2025 quarter. A total of 5,111 metres were drilled during the quarter. Tribune reported no safety or environmental incidents for the quarter. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 2 of 23 EAST KUNDANA JOINT VENTURE 3 Months Ending 31 December 2025 Units EKJV 100% EKJV Tribune Share Total RND & TBR Mining Underground Mining - RPH Ore mined t 92,620 34,038 45,384 Mined Grade g/t 3.46 3.46 3.46 Ounces Mined oz 10,303 3,786 5,049 Underground Mining - Raleigh Ore mined t 30,687 11,277 15,036 Mined Grade g/t 2.25 2.25 2.25 Ounces Mined oz 2,220 816 1,088 Open Pit Mining - Hornet Ore mined t 194,430 71,453 95,271 Mined Grade g/t 2.24 2.24 2.24 Ounces Mined oz 14,027 5,155 6,873 Geology and Mining Mining continued at RHP and Raleigh underground operations delivering 123,307 tonnes for 12,523 ounces of gold. Hornet open pit delivered ore this quarter contributing 194,430 tonnes for 14,027 ounces of gold. The combined Rand and Tribune group allocation of ore mined from all sources at EKJV was 155,691 tonnes at a grade of 2.6 g/t for 13,009 ounces of gold, an increase in gold mined of 96% on the previous quarter result. Tribune’s allocation of mined tonnes from all sources was 116,768 tonnes at a combined grade of 2. 6 g/t for 9,757 ounces. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 3 of 23 December 2025 quarter performance summary Physicals Unit of Actual Actual Actual Total Measure Oct-25 Nov-25 Dec-25 Dec qtr Underground (100%) Ore Mined t 32,414 39,193 51,699 123,307 Gold Grade Mined g/t 2.7 3.5 3.1 3.2 Ounces Mined oz 2,865 4,433 5,224 12,523 Operating Development m 124 155 252 531 Capital Development m 300 304 167 772 Rehab Development m 140 77 39 256 Waste Mined t 33,975 24,480 30,661 89,116 Underground - RHP Ore Mined t 26,111 29,148 37,361 92,620 Gold Grade Mined g/t 2.8 4.4 3.2 3.5 Ounces Mined oz 2,335 4,142 3,826 10,303 Operating Development m 92 75 158 324 Capital Development m 182 209 108 499 Rehab Development m 67 16 35 118 Waste Mined t 22,140 17,280 22,336 61,756 Underground - RAL Ore Mined t 6,304 10,045 14,338 30,687 Gold Grade Mined g/t 2.6 0.9 3.0 2.2 Ounces Mined oz 530 292 1,398 2,220 Operating Development m 32 81 94 207 Capital Development m 118 95 59 273 Rehab Development m 73 61 4 138 Waste Mined t 11,835 7,200 8,325 27,360 Open Pit - Hornet (100%) Waste - Capital t 241,225 - 195,285 436,510 Waste - Operating t 608,906 575,238 573,601 1,757,745 High Grade Ore Mined t 38,949 38,934 34,085 111,968 Low Grade Ore Mined t 25,760 29,831 26,872 82,462 Total Ore Mined t 64,708 68,765 60,957 194,430 Rehandled t - 84,698 - 84,698 Total Material Moved t 914,839 728,700 829,843 2,473,382 HG Gold Grade Mined g/t 2.66 3.91 3.61 3.39 LG Gold Grade Mined g/t 0.77 0.64 0.69 0.69 Total Gold Grade Mined g/t 1.91 2.49 2.32 2.24 HG Ounces Mined oz 3,335 4,894 3,957 12,186 LG Ounces Mined oz 635 613 593 1,840 Total Ounces Mined oz 3,970 5,507 4,550 14,027 For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 4 of 23 Toll Processing During the quarter a total of 66,340 tonnes of Rand and Tribune ore at 3.29 g/t was processed at the Mungari processing plant under the EKJV joint venture agreement with Evolution Mining Limited to recover 6,720 oz of gold at 95.7% recovery. This included ore from underground mines at RHP and Raleigh and from the Hornet open pit. Rand and Tribune gold production for the December 2025 quarter, along with Tribune’s share , is tabulated below. Mungari Processing plant toll treatment campaigns Campaign Location Tonnes Milled Head Grade Au (g/t) Recovery (%) Fine Au Produced (Oz) Rand and Tribune Ore Processed 66,340 3.29 95.7 6,720 Tribune Share of Ore Processed 49,755 3.29 95.7 5,040 Ore Stockpiles At the end of the quarter Tribune was entitled to a share of the following EKJV stockpiles: EKJV Stockpiles ROM Pad Ore Source Ore Tonnes Grade g/t Ounces Au Tribune Entitlement Rubicon ROM EKJV RHP MG 32,479 3.88 4,056 36.75% Rubicon ROM EKJV RHP LG 161,319 1.13 5,836 36.75% Mungari Crushed Stocks EKJV RHP MG 1,264 3.84 156 36.75% Hornet ROM EKJV HOP MG 57,680 3.33 6,180 36.75% Hornet ROM EKJV HOP LG 121,160 0.69 2,681 36.75% Raleigh ROM EKJV Raleigh MG 7,941 4.14 1,057 37.50% Raleigh ROM EKJV Raleigh LG 33,749 0.83 898 37.50% Raleigh T ROM EKJV Raleigh MG 2,921 2.48 233 36.75% Raleigh T ROM EKJV Raleigh LG 5,373 0.81 139 36.75% Tribune Share of EKJV Stockpiles 156,091 1.56 7,819 100% EKJV Exploration During the second quarter of FY26, a total of 5,205 m of exploration diamond drilling ( “DD”) was completed within the EKJV area (Figure 1). The drilling program was undertaken to test and extend known mineralisation and to support ongoing resource definition activities at the Sadler and Golden Hind deposits (Table 1). At the Sadler deposit, four diamond drill holes were completed during the reporting period. This report presents assay results for six drill holes received during the quarter, comprising results from drill holes completed during the reporting period and outstanding assays from drill holes completed in the previous quarter. At the Golden Hind deposit, six diamond drill holes were completed during the reporting period. Assay results for seven drill holes received during the quarter are reported herein, including outstanding assay results from drill holes completed in the previous quarter. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 5 of 23 The drilling results reported herein have not been incorporated into a new or updated Mineral Resource estimate, and there is no material change to the previously reported Mineral Resources for the EKJV. EKJV exploration activity for the December 2025 quarter: Project Prospect Tenement RAB/AC Metres RAB/AC Samples RC Metres RC Samples DD Metres DD Samples ME Samples Raleigh Sadler M16/309 - - - - 665 686 - Raleigh Sadler M15/993 - - - - 410 257 - Golden Hind Golden Hind M16/309 - - - - 4,130 2,160 - Total - - - - 5,205 3,103 - Figure 1. A Plan view of EKJV area showing drillhole locations from results received during the quarter. Image provided in K10 Mine Grid. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 6 of 23 Work Completed Sadler During the quarter, surface diamond drilling was completed to test potential southern extensions of the Sadler mineralisation at Raleigh, targeting resource addition. A total of 1,075m was drilled during the December quarter, with all assay results received (Figure 2). Golden Hind During the quarter, surface diamond drilling was completed to test potential northern and down dip extensions of the Golden Hind mineralisation, targeting resource addition. A total of 4,130m was drilled during the December quarter with assay results for 7 drill holes returned (Figure 2). Remaining assay results are pending are not reported and will be disclosed when available. Figure 2. A Long section view of the Strzelecki (Raleigh/Golden Hind) mineralisation showing assay results returned & drilling completed from within the quarter. Image provided in K10 Mine Grid. All available assays received in the period are reported (Table 2). Both high- and low-grade results are included to provide a fair, balanced summary of drilling outcomes. Results reported below are reported at a 3g/t Au lower cut and a maximum on 1m internal dilution. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 7 of 23 Table 1. EKJV drill hole intercept assay results received for FY26 Q2. *NSI = No Significant Intercept Full details of the EKJV Exploration Report for the December 2025 quarter w ere released to the ASX on 14 January 2026. Other Exploration Projects Japa Concession (Ghana, West Africa) (Tribune’s Interest 100%) The Company continued with its drilling programme during the December 2025 quarter. Tribune completed 10 additional drillholes at Japa and 27 drillholes at Adiembra. At the end of the quarter, 68 out of the planned 89 drillholes had been completed. The rest of the holes were abandoned due to difficult ground conditions and access to the planned drillhole locations. A total of 8,412 metres was drilled during the entire campaign. The Japa stretch has 41 holes drilled totalling 4,100m and 27 drillholes were completed at Adiembra, drilling 4,312m (refer Tables 2 and 3). 10 drillholes were completed at Japa and 27 drillholes were completed at Adiembra at the end of the fourth quarter. A total of 5,111m was drilled. Table 2. Drill Locations (UTM Zone 30N) for Japa and Adiembra Drillholes Data Set Hole ID NAT North NAT East NAT_RL Azimuth Dip Max_ Depth Japa JRC907 644544.884 606897.959 142.565 125 -50 105 Japa JRC908 644537.112 606935.288 148.157 125 -50 109 Japa JRC909 644515.98 606965.196 148.115 125 -50 109 Japa JRC910 644484.04 607011.779 139.437 125 -50 48 Japa JRC910A 644502.30 607013.807 139.868 125 -50 103 Japa JRC911 644421.10 607100.9 141.63 125 -50 103 Hole ID Hole Easting Northing Elevation Dip Azi MGA Hole From (m) DH ETW (m) Grade type MGA (m) MGA (m) AHD (m) Length (m) Width (m) Au (g/t) GHRT25001 DD 332514 6597462 342 -56 61 186.8 131 0.19 0.14 NSI GHRT25002 DD 332456 6597437 340 -60 59 238 193.9 0.6 0.5 NSI GHRT25004 DD 332463 6597353 341 -60 60 267 224.62 0.38 0.35 NSI GHRT25006 DD 332592 6597354 342 -60 60 164 122.5 0.37 0.34 34.1 GHRT25007 DD 332535 6597321 341 -60 59 217 179.29 0.16 0.14 NSI GHRT25008 DD 332474 6597265 340 -59 59 291.1 252.48 0.26 0.24 NSI GHRT25009 DD 332543 6597208 340 -60 61 260 223.04 0.53 0.49 67.06 SADRT25001 DD 332191 6597799 344 -60 56 334 293.81 0.34 0.27 14.98 SADRT25002 DD 332194 6597730 344 -61 62 369.8 316.27 0.3 0.25 46.21 SADRT25003 DD 332247 6597847 341 -60 61 264 218.73 0.29 0.24 15.01 SADRT25004 DD 332348 6597837 345 -61 61 175 132.6 0.23 0.19 20.25 SADRT25005 DD 332309 6597905 344 -62 61 193 140.45 0.55 0.44 8.06 SADRT25005 DD 332309 6597905 344 -62 61 193 143.5 0.67 0.53 4.36 SADRT25006 DD 332124 6597776 345 -61 61 410 362.35 0.55 0.46 13.58 For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 8 of 23 Data Set Hole ID NAT North NAT East NAT_RL Azimuth Dip Max_ Depth Japa JRC913 644396.20 607135.9 138.219 125 -50 91 Japa JRC912 644420.40 607095.352 141.735 305 -50 100 Japa JRC914 644367.89 607172.634 135.586 125 -50 103 Japa JRC915 644313.41 607216.175 134.047 125 -50 85 Japa JRC916 644276.57 607229.238 131.774 125 -50 103 Japa JRC917 644279.92 607299.7 129.161 125 -50 103 Japa JRC918 644256.18 607335.339 127.433 125 -50 49 Japa JRC919 644882.47 607432.642 138.006 125 -50 103 Japa JRC920 644831.62 607442.478 137.526 125 -50 121 Japa JRC921 644796.71 607480.865 143.067 125 -50 125 Japa JRC922 644689.27 607443.739 136.531 125 -50 125 Japa JRC923 644885.72 607427.611 137.881 305 -50 125 Japa JRC924 645143.57 607672.852 156.27 125 -50 127 Japa JRC925 645177.23 607633.528 154.627 125 -50 127 Japa JRC926 645233.30 607688.15 154.36 125 -50 121 Japa JRC927 645206.67 607770.79 160.97 125 -50 124 Japa JRC928 645151.16 607936.28 162.52 125 -50 125 Japa JRC929 645159.33 607928.84 162.83 305 -50 120 Japa JRC932 645572.70 608213.20 152.70 125 -50 100 Japa JRC933 645588.86 608163.557 152.369 125 -50 100 Japa JRC931 645651.58 608264.599 149.02 125 -60 140 Japa JRC930 645242.55 608136.122 160.63 305 -50 150 Japa JRC937 645491.33 608361.178 168.496 305 -60 135 Japa JRC935 645680.83 608420.24 154.807 305 -50 103 Japa JRC936 645666.24 608441.09 155.8 305 -50 19 Japa JRC938 645791.78 608408.591 152.125 305 -50 67 Japa JRC934 645786.85 608499.15 146.31 305 -50 95 Japa JRC940 645886.60 608546.686 142.852 305 -50 25 Japa JRC939 645904.80 608545.975 143.703 305 -50 55 Japa JRC936A 645669.11 608442.568 154.101 305 -50 130 Japa JRC945 647391.52 609759.093 161.714 315 -50 45 Japa JRC946 647372.96 609781.246 160.8 315 -50 80 Japa JRC947 647442.85 609842.188 162.515 315 -50 45 Japa JRC944 647398.77 609699.704 157.75 315 -50 91 Japa JRC943 647100.41 609494.433 153.719 315 -50 20 Japa JRC942 647079.33 609515.376 154.154 315 -50 61 Japa JRC941 647061.78 609538.76 155.058 315 -50 85 Adiembra JRC951 644461.25 605649.807 133.833 305 -55 130 Adiembra JRC952 644395.98 605639.395 140.73 305 -55 200 Adiembra JRC954 644381.63 605670.319 141.062 305 -55 200 Adiembra JRC953 644436.10 605573.543 151.63 305 -55 160 Adiembra JRC955 644354.62 605689.443 141.623 305 -55 145 Adiembra JRC956 644255.02 605612.591 171.104 305 -60 61 Adiembra JRC957 644224.04 605646.657 185.712 305 -60 115 Adiembra JRC966 644628.71 605394.041 135.728 305 -55 130 Adiembra JRC967 644642.10 605374.53 138.814 305 -55 97 Adiembra JRC968 644650.18 605361.206 139.079 305 -55 50 Adiembra JRC960 644442.96 605021.686 130.219 125 -55 166 Adiembra JRC961 644458.14 604994.265 137.69 125 -55 145 Adiembra JRC962 644482.18 604962.159 139.593 125 -55 200 Adiembra JRC959 644417.58 605060.151 130.375 125 -55 178 Adiembra JRC964 644223.03 604940.987 124.181 125 -55 200 Adiembra JRC963 644186.343 604995.085 123.78 125 -55 200 Adiembra JRC965 644059.333 605180.307 130.89 125 -55 200 Adiembra JRC974 644668.26 606156.285 147.034 125 -55 125 For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 9 of 23 Data Set Hole ID NAT North NAT East NAT_RL Azimuth Dip Max_ Depth Adiembra JRC972 644709.47 606103.449 150.348 125 -55 200 Adiembra JRC973 644688.37 606123.217 148.813 125 -55 181 Adiembra JRC971 644680.11 606020.495 142.466 125 -55 181 Adiembra JRC950 644304.53 605980.898 134.95 305 -60 133 Adiembra JRC969 644757.78 605906.529 151.292 305 -55 133 Adiembra JRC949 644197.11 605963.542 144.658 305 -60 73 Adiembra JRC949A 644199.423 605965.59 144.687 305 -60 109 Adiembra JRC978 645263.52 606198.38 146.114 125 -55 200 Adiembra JRC977 645227.04 606240.341 153.428 125 -55 200 Adiembra JRC975 645160.75 606388.22 159.927 125 -55 200 5,261 samples , including certified standards, blanks and field duplicates , were prepared and submitted to Intertek laboratory in Tarkwa for Photon Assay during the quarter. Results received to date are consistent with expectations in terms of mineralisation, orientation, thickness and grade and have also yielded robust intersections for both Japa and Adiembra during the period. Selected significant intersections* are shown in the following table. Table 3. Results for Japa and Adiembra Drillholes Hole ID Length Grade g/m3 from depth m comments JRC934 7m 0.64 7 8m 3.24 55 Including 1m @ 14.9g/t Au from 60m JRC936A 1m 0.3 76 9m 3.44 112 Including 1m @ 12.07g/t Au from 118m JRC938 3m 0.3 58 2m 0.33 63 JRC939 1m 0.35 2 2m 0.31 7 1m 0.34 24 JRC940 1m 0.34 0 1m 0.38 4 3m 0.65 22 JRC941 4m 0.57 7 16m 0.3 14 5m 2.55 48 JRC942 13m 0.365 7 1m 0.33 30 JRC943 1m 0.66 11 5m 0.53 14 JRC944 2m 0.62 31 2m 0.365 86 JRC945 1m 0.74 39 1m 42.35 43 JRC946 1m 0.3 1 9m 0.96 7 11m 0.36 18 3m 0.41 35 JRC947 7m 0.97 20 JRC951 7m 0.81 3 13m 3.19 13 11m 0.92 70 6m 0.67 91 6m 0.3 98 JRC952 3m 0.31 3 9m 8.98 27 Including 1m @ 61g/t Au at 33m For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 10 of 23 Hole ID Length Grade g/m3 from depth m comments 3m 0.64 42 1m 0.6 90 1m 0.4 171 3m 4.39 188 Including 1m @ 10.04g/t Au from189m JRC953 1m 0.36 5 1m 1.85 10 6m 0.4 21 11m 2.17 33 8m 0.35 51 2m 0.38 61 2m 0.31 87 2m 0.3 101 JRC954 8m 2.05 4 including 1m @ 10.46g/t Au from 8m 13m 2.45 14 Including 1m @ 12.63g/t Au from 20m 3m 1.86 30 4m 0.57 37 1m 0.31 67 3m 0.36 114 10m 1.49 132 5m 0.65 195 JRC955 1m 1.24 22 3m 0.3 82 JRC957 2m 0.65 49 3m 0.37 61 JRC966 9m 0.86 2 5m 1.216 39 3m 3.34 107 1m 0.52 129 JRC967 3m 0.32 3 2m 0.325 9 1m 0.63 17 1m 0.43 34 JRC968 2m 0.4 6 JRC960 1m 0.48 7 3m 0.37 47 5m 0.7 55 5m 0.55 62 1m 0.59 108 1m 0.37 117 1m 0.32 129 9m 0.44 144 2m 0.31 157 4m 5.54 162 Including1m @ 20.04g/t Au from 163m JRC961 1m 0.31 19 10m 0.38 34 3m 0.3 80 2m 0.33 85 1m 0.41 91 1m 0.35 95 4m 0.3 104 1m 0.42 124 JRC959 2m 0.42 4 1m 0.65 8 6m 0.58 10 1m 0.3 36 For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 11 of 23 Hole ID Length Grade g/m3 from depth m comments 5m 0.41 49 2m 0.42 60 2m 0.31 89 1m 0.34 101 1m 0.52 104 1m 0.35 114 1m 0.3 152 JRC962 1m 0.62 63 2m 0.47 79 1m 0.46 128 1m 0.37 139 10m 0.47 143 3m 0.54 154 1m 0.36 174 1m 0.45 177 4m 0.3 180 JRC963 3m 0.38 0 5m 0.68 45 1m 0.41 71 5m 0.35 93 6m 0.39 108 1m 1.5 132 1m 0.82 137 7m 0.61 141 10m 1.14 150 Including 1m @ 16.08g/t Au from 156m 1m 0.3 178 1m 0.49 181 JRC964 4m 0.33 7 2m 0.3 90 1m 0.32 94 3m 0.33 124 1m 0.67 133 2m 0.3 136 1m 0.3 153 1m 0.65 167 1m 0.34 171 JRC965 3m 0.68 67 2m 1.05 74 1m 0.5 81 4m 0.3 113 7m 0.33 119 6m 0.33 141 5m 1.44 148 4m 3.86 170 3m 0.3 181 1m 1.27 185 3m 0.32 188 7m 0.55 193 JRC972 1m 0.31 93 9m 0.41 106 4m 0.59 119 5m 0.38 131 8m 0.3 139 3m 0.3 151 18m 0.63 160 For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 12 of 23 Hole ID Length Grade g/m3 from depth m comments 1m 0.3 179 4m 0.35 187 5m 0.4 193 JRC973 2m 0.9 43 2m 0.39 83 4m 0.3 96 3m 1.06 103 1m 0.34 109 18m 0.42 114 6m 0.79 141 4m 0.61 163 10 0.39 171 JRC974 2m 0.3 6 2m 0.3 33 22m 0.34 39 13m 0.76 73 4m 6.2 92 Including1m @ 23.8g/t Au from 92m 11m 0.3 97 1m 0.35 117 1m 0.39 119 4m 0.59 121 JRC971 9m 0.38 9 4m 0.81 30 6m 1.43 40 6m 0.38 49 3m 0.3 93 2m 0.3 102 1m 0.32 106 3m 0.3 109 1m 0.3 117 JRC950 2m 0.32 22 7m 3.88 25 Including 1m @ 16.3g/t Au from 26m 3m 0.3 33 8m 0.64 38 13m 0.41 49 1m 0.56 72 JRC969 1m 0.38 41 1m 0.88 112 1m 0.45 116 6m 0.3 119 JRC949 1m 0.48 4 5m 5.1 49 Including 1m @ 15.21g/t Au from 51m 1m 0.52 65 1m 3.02 72 JRC949A 1m 3.38 30 2m 0.41 43 1m 0.37 47 1m 3.38 53 1m 0.38 58 12m 0.85 74 10m 1.08 92 JRC978 3m 0.39 0 2m 0.39 33 9m 1 136 1m 0.42 156 For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 13 of 23 *Significant intersection parameters for Japa and Adiembra ≥0.3ppm average gold grade with maximum 3 metres internal dilution of <0.3ppm gold. Table presents intersections of greater than or equal to 1m interval length in metres multiplied by grade in ppm Au. Diwalwal Gold Project (Philippines) (Tribune’s Interest 40% and a further 20% earnt Economic Interest) No significant exploration activities were conducted during the quarter on the Upper Ulip and 729-ha tenement in Diwalwal. No drilling was conducted during the quarter. Seven Mile Hill Joint Venture (Tribune’s Interest 50%) No drilling was conducted during the quarter. Proposed diamond drill program planned to commence in January 2026. 1 x 500m diamond drill hole on tenement E15/1664 and P26/4173 is planned to test structural control, orientation of mineralisation, and deep zones of gold mineralisation. Corporate Summary of Cashflows The attached Appendix 5B is prepared on a consolidated basis and includes the cash inflows and cash outflows of its subsidiaries, including Rand Mining Limited (“Rand”) (ASX:RND). Cash and cash equivalents were $12.473m at 31 December (30 September 2025: $17.453m). Operating cash flows increased by $6.324m during the quarter. This was due to increases in: • production costs of $8.612m - due to increased tonnes mined this quarter • tax payments of $1.026m • administration costs of $1.040m Hole ID Length Grade g/m3 from depth m comments 1m 0.47 165 6m 0.3 169 1m 2.19 179 1m 0.39 183 JRC977 5m 0.3 38 3m 1.09 53 1m 4.4 72 8m 1.39 74 3m 0.92 90 1m 0.72 95 1m 0.5 107 1m 0.45 114 5m 0.51 116 2m 0.36 145 For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 14 of 23 • gold sales of $11.665m – this was the result of additional sales combined with higher gold prices, with sales made to cover operational expenditure and the dividends. These increases were offset by decreased development costs of $4.945m and decreased exploration costs of $801k. During the quarter a total of $1.815m was spent on exploration, with $539k being spent at EKJV, $908k being spent on Japa and $158k on Seven Mile Hill. Investing cash outflows increased by $136k during the quarter. $2.826m in assets were purchased and $2.658 in dividends were received from Rand. Share Buy-Back The Company operated a buyback during the quarter, but no shares were bought back during the period. The buyback expires on 20 February 2026 unless it is extended by the Company. Payments to related parties of the entity and their associates In item 6 of the attached Appendix 5B cash flow report for the quarter, payments to related parties of $274,464 comprised of director fees and superannuation for Anthony Billis of $55,293, payments to related entities of Anthony Billis for rent and outgoings of $34,121, reimbursement of operating expenses of $78,472 and royalties of $12,956 (via the EKJV). It also includes payments to Lyndall Vaughan of $93,622 in her capacity as Finance Manager of the Company, which are being disclosed in Item 6 due to her being an Alternate Director for Otakar Demis This report and the attached Appendix 5B have been authorised by the Board of Tribune Resources Limited. For Shareholder Enquiries Maddison Cramer Joint Company Secretary, Tribune Resources Limited E: companysecretary@tribune.com.au Ph: + 61 8 9474 2113 For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 15 of 23 Competent Persons and Compliance Statements The information in this report that relates to EKJV Exploration Results is extracted from the Company’s announcement entitled “FY2026 Quarter 2 EKJV Exploration Report” dated 14 January 2026 and is available to view on the Company’s website : https://tribune.com.au/investors-information/asx-announcements/. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Information in this report relating to Exploration Results at the Company’s Japa Concession has been compiled by Mr Andrew Hawker in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ( “JORC Code”). Mr Andrew Hawker is a member of AUSIMM and a consultant to Tribune Resources Ltd and has sufficient relevant experience in the activities undertaken and styles of mineralisation being reported to qualify as a Competent Person under the JORC Code. Mr And rew Hawker consents to the inclusion in this report of the information compiled by him in the form and context in which it appears. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 16 of 23 INTERESTS IN MINING TENEMENTS – DECEMBER 2025 QUARTER Project/Tenements Location Held at end of quarter* Acquired during the quarter Disposed during the quarter Kundana WA, Australia 01. M15/1413 49.00% 02. M15/993 49.00% 03. M16/181 49.00% 04. M16/182 49.00% 05. M16/308 49.00% 06. M16/309 49.00% 07. M16/325 49.00% 08. M16/326 49.00% 09. M16/421 49.00% 10. M16/428 49.00% 11. M24/924 49.00% West Kundana WA, Australia 01. M16/213 24.50% 02. M16/214 24.50% 03. M16/218 24.50% 04. M16/310 24.50% Seven Mile Hill WA, Australia 01. E15/1664 100.00% 02. M15/1233 100.00% 03. M15/1234 100.00% 04. M15/1291 100.00% 05. M15/1388 100.00% 06. M15/1394 100.00% 07. M15/1409 100.00% 08. M15/1743 100.00% 09. M26/563 100.00% 10. P15/6370 100.00% 11. P15/6398 100.00% 12. P15/6399 100.00% 13. P15/6400 100.00% 14. P26/4173 (Application for conversion to Mining Lease M26/872 was lodged in Dec 2024 - Pending approval) 100.00% West Kimberly WA, Australia 01. E04/2548 100% 100% Japa Concession Ghana, West Africa 100.00% Diwalwal Gold Project Mindanao, Philippines 729 Area1 Up to 40% legal interest, 20% legal interest and up to an additional 20% legal interest economic interest Upper Ulip Area1 Up to 40% legal interest, 20% legal interest and up to an additional 20% legal interest economic interest * Note, includes Rand Mining Ltd’s, Rand Exploration NL’s and Prometheus Developments interests where applicable. ** EOT – Extension of Term 1 Prometheus has entered an Investment Agreement with Paraiso Consolidated Mining Corporation (“Pacominco”). For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 17 of 23 Japa Gold Project, Ghana JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data Criteria JORC Code Explanation Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. • Reverse Circulation (RC) percussion techniques were employed. • RC samples were collected from a cone splitter mounted on the rig cyclone at predominantly one metre intervals. Samples submitted to the laboratory, were single metre samples, were nominally 3 kilograms in weight. • All samples submitted for analysis were split PA-R and a 500-gram subsample was split off for Photon assay (PAAU002) determination of gold. Drilling techniques • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). • Face sampling RC Hammer drilling methods were employed. • RC hole diameter either 133mm or 140mm. • Reflex EZ Gyro downhole survey instrument was used to determine the drill direction(Azimuth) and dip of drillhole. Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists • Visual measure of RC chip sample recoveries was made and recorded where significantly less than expected volume. Monitoring of sample quantity and quality was maintained by geologists and technicians attending the rigs during drilling operations. • Sample recovery maximized through use of auxiliary and booster compressors to manage For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 18 of 23 Criteria JORC Code Explanation Commentary between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. sample return and ground water inflow. • Sample system hygiene checked and maintained at rod changes. Sample systems were purged of groundwater and associated contaminants prior to drilling the next rod. • No relationship between RC sample recovery and assay grade has been determined. Sample bias has not been detected. RC Drilling was discontinued when dry sampling was no longer achievable. • Due to the mineralisation being hosted in quartz veins and interpreted post- mineralisation fracturing of zones within the overall lode, most core loss instances were in heavily veined intervals where veins had been naturally shattered and it is expected that this has downgraded many of these affected intervals although this has not been quantified. Logging • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. • All RC chip samples were geologically logged on an individual metre basis. Logging is qualitative and captures details of lithology, oxidation, texture, mineralisation, alteration, veining, sample quality and recovery. Representative samples of all individual RC samples were retained in chip trays. • The data captured from geological logging is of appropriate standard, focus and detail to support future Mineral Resource estimations, mining studies and metallurgical studies. Sub-sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in- situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. • RC samples were collected by cone splitter in one and three metre composites. Where required, samples were riffle split to achieve appropriate weight of sample for laboratory submission. Excessively wet samples were subsampled by grab or tube spear methods where complete drying was not practicable. • Field duplicates are collected and submitted for analysis at regular intervals throughout the drilling campaigns. Approximately 5% of RC samples are duplicated and submitted for analysis. • Sample weights are such that the entire sample submitted to the laboratory is dried, crushed and Split for Photon Assay analysis. After this samples are retained in their containers and return for storage. • Subsampling methods employed throughout the laboratory process are appropriate for the material and deposit type. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 19 of 23 Criteria JORC Code Explanation Commentary Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. • Drill samples were subject to Photon assay of a 500 gram split subsample giving total gold analysis of a representative sample of the in- situ material determined by Photon Assay (PA-R) analysis to a lower detection limit of 0.02 parts per million gold. • Approximately 12% of all samples submitted are for quality control purposes. Field duplicates are collected at regular intervals throughout the drilling and sampling process and analysed with the primary samples. Approximately 5% of RC samples are duplicated. Commercially prepared Standard Reference Materials, including coarse blank material, are submitted with each batch of samples to monitor potential contamination in the preparation process and accuracy and consistency of the analysis process. Standards and blanks constitute approximately 8% of all samples analysed. • No geophysical methods were used for elemental determinations. Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. • All drilling data including significant intersections is verified and validated by other geologists or Competent Persons within the organisation. • Dedicated twinning of holes has previously been employed in a limited capacity to verify mineralisation intersected in historic drilling campaigns. The natural sub-surface ground conditions and the extensive recent surface disturbance precludes close spaced duplication of previously drilled holes. Current drilling is infilling the drill spacing for additional Resource evaluation and verifies historic RC and diamond drilling intersections with respect to location, nature and tenor of mineralisation. • Drilling data is manually and digitally captured according to written procedures and a library of standard logging codes appropriate to this project and purpose. Manually captured data is transferred to digital templates where it is validated and then loaded to an externally managed and maintained database, again with validation protocols. Original data and reports are stored at the Company’s Headquarters. • No adjustments to assay data have been made. Raw assay data is provided to the external database managers where it is loaded to the database, securely stored and quarantined. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 20 of 23 Criteria JORC Code Explanation Commentary Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down- hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. • All planned drill holes and drilled hole collars are surveyed using Trimble R8 RTK DGPS. Drill hole trajectories are measured using Reflex EZ-Trac or Reflex EZ-Gyro down hole survey tools. Drill rigs are aligned using Reflex TN14 Gyro Compass. • Grid is WGS84 Zone 30N and Vertical Datum is referenced to mean sea level. • RTK DGPS positioning is calibrated against pre-established primary planimetric survey control with tie-in to the Geodetic Reference Network. Topographic control is a combination of physical survey traverses and unmanned aerial vehicle surveys which is adequate for the purpose. Data spacing and distribution • Data spacing for reporting of Exploration Results. • Whether the data spacing, and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. • Drill holes are designed at an irregular spacing in this campaign principally to infill drill coverage for Resource definition and estimation purposes. Earlier work has established the required parameters for Mineral Resource classification. • The drilling data will be used in a Mineral Resource estimation. Sample compositing has not been applied as samples were taken at 1m intervals only. Orientation of data in relation to geological structure • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. • The primary controls on the gold mineralisation are presently well understood. Drill holes in this campaign were designed to intersect the mineralisation as normal to the primary control orientation as possible to reduce or eliminate any possible sampling bias. Sample security • The measures taken to ensure sample security. • Chain of custody for samples is managed by Tribune personnel and contractors on site. Samples are stored on site until collection by Intertek Laboratory personnel for transport to the Tarkwa laboratory facility. Audits or reviews • The results of any audits or reviews of sampling techniques and data. • Data and data collection methods are continuously reviewed for accuracy and adherence to procedures by Tribune and Principal Contractor personnel. No material issues have been noted. No official audits have been undertaken at this stage. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 21 of 23 Section 2 Reporting of Exploration Results Criteria JORC Code Explanation Commentary Mineral tenement and land tenure status • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. • Work was conducted within Mining Lease P.L.2/310 owned by Tribune Resources (Ghana) Limited. The lease covers an area of 26.2km2 and is situated in the Wassa Amenfi East District of the Western Region of Ghana approximately 270km west of Accra and 50km north of Tarkwa. The Ghana Government holds a 10% free carried interest in the project. • All tenure is secure and in good standing with no known impediments. Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. • Exploration has been conducted within and adjacent to the tenement over an extended period. Particularly relevant is the work done by Cluff/Anglogold during the 1990’s and the information from that work was integral in the target generation and evaluation that resulted in Tribune acquiring its interest in the Project. Geology • Deposit type, geological setting and style of mineralisation. • Target is orogenic lode and vein hosted gold mineralisation. The project area straddles the Akropong Belt, a sequence of Proterozoic Birimian volcano-sedimentary rocks that parallels the highly endowed Ashanti Belt. Drill hole Information • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length. • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. • Details of the location, orientation, and depth of drill holes completed together with significant gold assay results are provided in the body of the report to which this table refers and/or are appended to this table. Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be • Significant intersections are reported as length weighted averages of all samples within the composite interval. Criteria used to calculate significant intersections can vary and are presented with each table of results. • No top cut of grades has been applied to the For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 22 of 23 Criteria JORC Code Explanation Commentary stated. • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated. results reported. • Significant intersections are reported in the context of any likely mining extraction scenario, and notwithstanding the outcomes of any future Mineral Resource update or Reserve estimation, the likely mining scenario would be by open pit only and the significant intersections are presented with appropriate grade cut-offs and internal dilution criteria to reflect that method of extraction. Relationship between mineralisation widths and intercept lengths • These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). • Primary gold mineralisation occurs within steeply dipping quartz veins. Holes are drilled normal to the dominant mineralised quartz vein orientation, and hence normal to the mineralised zones, at nominally -55° dip. Intersection widths reported are down hole aggregate widths and vary between 120% to 170% of the true width of the mineralised intervals. Diagrams • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. • This document is not reporting a significant discovery. The exploration results reported are from infill drilling designed to enable an update to the Adiembra/Japa Mineral Resource Estimate to be undertaken. Balanced reporting • Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced avoiding misleading reporting of Exploration Results. • All significant intersections from the relevant drilling campaign and the interpretation of those results is reported. Significant intersections are ≥0.3ppm average gold grade with maximum 3 metres internal dilution of <0.3ppm gold. Intersections reported of greater than or equal to 1m interval length in metres multiplied by grade in ppm Au. Other substantive exploration data • Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. • Geological observations are reported. Specific gravity determinations from core samples have been completed. Metallurgical test work has been completed from core samples collected during the previous campaign. Further work • The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). • A Mineral Resource estimation for the Japa/Adiembra deposit has been published. The outcomes of this infill drill campaign are anticipated to allow an update to the Mineral For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for December 2025 Page 23 of 23 Criteria JORC Code Explanation Commentary • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. Resource and subsequent Reserve estimation to be undertaken. Further metallurgical and geotechnical studies and sterilisation drilling for future infrastructure is anticipated. • Exploration drilling at other prospects within the Japa Mining Lease will commenced after the current resource estimation. For personal use only
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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 Tribune Resources Ltd (ASX:TBR) ABN Quarter ended (“current quarter”) 11 009 341 539 31 December 2025 Consolidated statement of cash flows Current quarter $A’000 Year to date (6 months) $A’000 1. Cash flows from operating activities 54,457 97,249 1.1 Receipts from customers 1.2 Payments for (967) (2,735) (a) exploration & evaluation (b) development (8,323) (21,592) (c) production (25,257) (41,903) (d) staff costs (604) (1,040) (e) administration and corporate costs (2,407) (3,788) 1.3 Dividends received (see note 3) - - 1.4 Interest received 119 255 1.5 Interest and other costs of finance paid (224) (224) 1.6 Income taxes paid (4,570) (8,114) 1.7 Government grants and tax incentives - - 1.8 Other (provide details if material) - - 1.9 Net cash from / (used in) operating activities 12,224 18,108 2. Cash flows from investing activities - - 2.1 Payments to acquire or for: (a) entities (b) tenements - - (c) property, plant and equipment (2,826) (3,355) (d) exploration & evaluation (848) (1,238) (e) investments - - (f) other non-current assets - - For personal use only
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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 (6 months) $A’000 2.2 Proceeds from the disposal of: - - (a) entities (b) tenements - - (c) property, plant and equipment - 39 (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) 2,658 2,658 2.5 Other (provide details if material) - - 2.6 Net cash from / (used in) investing activities (1,016) (1,896) 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 (16,181) (16,181) 3.9 Other (provide details if material) - - 3.10 Net cash from / (used in) financing activities (16,181) (16,181) 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 17,453 12,449 4.2 Net cash from / (used in) operating activities (item 1.9 above) 12,224 18,108 4.3 Net cash from / (used in) investing activities (item 2.6 above) (1,016) (1,896) 4.4 Net cash from / (used in) financing activities (item 3.10 above) (16,181) (16,181) For personal use only
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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. Consolidated statement of cash flows Current quarter $A’000 Year to date (6 months) $A’000 4.5 Effect of movement in exchange rates on cash held (7) (7) 4.6 Cash and cash equivalents at end of period 12,473 12,473 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 12,423 17,403 5.2 Call deposits 50 50 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 12,473 17,453 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 1 274 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - 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. 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 (please specify) - - 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. For personal use only
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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) 12,224 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (848) 8.3 Total relevant outgoings (item 8.1 + item 8.2) 11,376 8.4 Cash and cash equivalents at quarter end (item 4.6) 12,473 8.5 Unused finance facilities available at quarter end (item 7.5) - 8.6 Total available funding (item 8.4 + item 8.5) 12,473 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) N/A 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 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: 28 January 2026 Authorised by: ................................................................................... (Name of body or officer authorising release – see note 4) Notes 1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter , how they have been financed and the effect this has had on its cash position. An The Board of Directors For personal use only
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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 5 + See chapter 19 of the ASX Listing Rules for defined terms. entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so. 2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report . 3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity. 4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee – eg Audit and Risk Committee]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”. 5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity , and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively. For personal use only