Earnings release
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1 ASX: VMM MARKET ANNOUNCEMENT Viridis Mining and Minerals Limited | ACN: 121 969 819 Level 50, 108 St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 Email: info@viridismining.com.au www.viridismining.com.au.com.au QUARTERLY ACTIVITY REPORT – 31 December 2025 ASX Release: 28 January 2026 Please find enclosed the Quarterly Activities Report and Appendix 5B for the three -month period ended 31 December 2025. Highlights During the quarter to 31 December 2025: Landmark Environmental Approval Granted: Viridis received approval of its Environmental Impact Assessment (‘EIA’) and Environmental Impact Report (‘RIMA’) and was granted the Preliminary License (‘PL’) for the Colossus Rare Earth Project (‘Colossus’, ‘Project’) by the State of Minas Gerais on 19 December 20251. This is the Project’s most important permitting milestone, confirming environmental viability and clearing the path to the Installation License (‘IL’). Unanimous COPAM (State Environmental Policy Council of Minas Gerais) approval underscores the strength of Viridis’ technical work and ESG credentials, materially de-risking the development timeline and enabling advanced engagement with offtake partners, financiers and strategic investors. Colossus is now among the most advanced ionic clay rare earth projects globally. The PL applies to the Northern Concessions in Poços de Caldas, strengthening the strategic value of Viridis’ recent 46% landholding expansion and consolidating its dominant position in a highly prospective district. These concessions host a 215Mt Mineral R esource, including adjoining areas where Dy -Tb oxide grades exceed 500ppm 2, the highest recorded in the district. With permitting in place, Viridis has maximum flexibility to advance mine planning within approved areas and remains on track to secure the IL and commence construction in 2H 2026. During the quarter, Viridis achieved major financing milestones with the receipt of a non -binding Letter of Support (‘LOS’) from Bpifrance Assurance Export (‘Bpifrance’)3, confirming the Colossus Project’s eligibility for Strategic Projects Financing under the Garantie de Prêt Stratégique (‘GPS’) program. This endorsement recognises Colossus’ strategic importance to Western critical minerals supply chains and confirms it has met Bpifrance’s Stage 1 financing criteria, enabling progression to final due diligence. The GPS framework underpins the Project’s funding strategy by providing senior debt credit support, strengthening lender confidence and advancing engagement with international banks and export credit agencies (‘ECA’). Viridis also secured a Letter of Interest (‘LOI’) from Export Development Canada (‘EDC’) for up to US$100 million in project debt4 and, subsequent to the quarter end, a conditional LOS from Export Finance Australia (‘EFA’) for up to US$50 million 5. Together with prior support from BNDES/FINEP A, these commitments complete Viridis’ targeted ECA-led debt framework and provide clear visibility on aggregate debt capacity against estimated pre-feasibility study (‘ PFS’) capital costs. With ECA support now aligned, Viridis is positioned to finalise appointment of a Mandated Lead Arranger (‘MLA’) and progress toward full project financing and Final Investment Decision (‘FID’). During the quarter, Viridis executed a binding Memorandum of Understanding (‘ MOU’) and Definitive Agreement with ORE Investments Ltda. (‘ORE’) and Régia Capital Ltda. (‘Régia’), satisfying all conditions precedent and formally commencing a US$30 million (AU$46 million) strategic equity investment across four tranches via non -brokered private placements6. Tranche 1 funding of US$5 million (AU$7.6 million) has been received, with 8,383,438 new shares issued at AU$0.91 per share. The investment provides a strong funding runway through to FID, with a staged structure that aligns capital deployment to key milestones and minimises shareholder dilution. A Brazilian National Bank for Economic and Social Development, Federal Agency for Funding Authority for Studies and Projects in Brazil For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 2 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au The partnership with ORE and Régia, two of Brazil’s leading asset managers, provides strong validation of Viridis and the Colossus Project, alongside access to deep capital pools and sector expertise. Régia’s selection by Vale and BNDES to manage Brazil’s Strategic Mineral Fund further strengthens Viridis’ positioning to secure sovereign-backed support, with Colossus targeted as a potential inaugural project. Viridis’ coordinated capital strategy, uniting leading ECAs (EFA, EDC, Bpifrance, BNDES) with strategic equity partners ORE and Régia, provides depth, certainty and execution momentum as the Company advances final pre-execution milestones and targets FID in 2H 2026. Subsequent to the end of the quarter: • Viridis appointed Mr Marcus Silberman as Non -Executive Director effective 2 February 2026 following retirement of Mr Faheem Ahmed7. Mr Silberman brings nearly 30 years’ experience in global capital markets and M&A, including senior roles at Credit Suisse and Bank of America, and deep mining and Latin American transaction experience. Overview Viridis Mining and Minerals Limited (ACN 121 969 819) (ASX: VMM, ‘Viridis’ or the ‘Company’) is pleased to provide an update for the quarter ending 31 December 2025. This quarter marked significant progress across the Company’s flagship Colossus Rare Earth Project in Brazil. Colossus Ionic Adsorption Clay Rare Earth Project Landmark Environmental Approval Received Viridis received approval of its E IA and RIMA and was granted the P L by the State of Minas Gerais on 19 December 2025 for the Colossus Rare Earth Project1. The PL represents the most significant milestone achieved to date, formally confirming the Project’s environmental viability and clearing the critical path for submission of the I L. Unanimous approval by all voting members of COPAM validate d the robustness of Viridis’ technical studies , reflecting the Company’s commitment to developing a globally competitive operation aligned with leading ESG standards. As the most complex and time -intensive of Brazil’s three environmental approvals, receipt of the PL has materially de -risked the development timeline and enabled advanced engagement with offtake partners, financiers and strategic investors. Colossus is now positioned among the most advanced and strategically significant ionic clay rare earth projects globally. The PL covers the Company’s Northern Concessions within the Municipality of Poços de Caldas and further reinforces the importance of Viridis’ large -scale tenement acquisition8, which expanded the Northern Concessions by 46%, consolidating Colossus’ dominant landholding in a highly prospective region. The Northern Concessions host a 215Mt Mineral Resource, and the recent 46% expansion area directly adjoins the prosperous eastern boundary of the concession, where Dy -Tb oxide values have exceeded 500ppm, the highest ever recorded in the Poços de Caldas alkaline complex. With the PL now in place, Viridis has maximum flexibility to advance mine planning entirely within these approved areas while pursuing further high-grade growth. Backed by consistent support from state and local government authorities, Viridis remains firmly on track to secure the IL and commence construction in 2H 2026. Key Project Financing Milestones The Company announced receipt of an official non -binding LOS from Bpifrance Assurance Export, the French ECA, during the quarter , confirming that the Colossus Project has been deemed eligible for Strategic Projects Financing under the GPS program. For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 3 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au The LOS underscores the strategic global importance of the Colossus Project in strengthening the Western critical minerals supply chain, while also confirming that the Project satisfies Bpifrance’s Stage 1 Criteria for financing support under its GPS guarantee framework. The GPS is structured to support a tranche of bank debt subject to the following cumulative conditions: • The senior debt tranche covered by the GPS must be pari-passu with other senior debt tranches provided by other lenders. • The senior debt tranche covered by the GPS net exposure may not exceed the minimum of: • The share of French offtake applied to the total senior long-term debt; and • 50% of the senior long-term debt amount. Key highlights of the LOS for the Colossus Project: • Bpifrance eligibility confirmed: Formal recognition by Bpifrance provides a strong endorsement of the Project and enables Viridis to progress to the final stage of assessment under the GPS program. • Advancing due diligence: detailed technical, financial, and credit reviews commenced as part of Bpifrance’s evaluation process. • Strengthened financing platform: The GPS framework formed the cornerstone of the Colossus Project’s funding strategy, offering credit cover that enhances confidence for international lenders and export credit agencies currently engaged with Viridis. Viridis also announced receipt of a LOI from Export Development Canada, Canada’s ECA, for anticipated support of up to US$100 million (AU$153 million) in a debt financing package for the execution of the Colossus Project. Endorsement from one of the world’s leading export credit agencies underscores the Project’s strategic importance in diversifying and strengthening Western rare earth supply chains. This recognition aligns directly with the priority actions announced at the 2025 G7 meeting in Toronto (Canada), reinforcing Colossus’ position as a key contributor to securing long-term critical mineral supply. Subsequent to the end of the quarter, Viridis announced that Export Finance Australia, Australia’s ECA, issued a non-binding and conditional LOS for up to US$50 million (AU$77 million) toward the anticipated debt financing package for the execution of the Colossus Project. EFA’s LOS completes Viridis’ targeted ECA -led project debt framework, complementing prior support from Bpifrance, EDC and BNDES/FINEP. Based on PFS CAPEX estimated at US$286 million (US$356 million including 25% contingency )9, EFA’s LOS completes the targeted project debt envelope, positioning Colossus to progress toward full project funding and FID. EDC and EFA’s support is based on potential domestic service supply opportunities during the Project’s execution phase. It also highlights Colossus’ contribution to diversifying global rare earth supply chains and is complementary to the 2025 G7 Critical Minerals Action Plan. Securing multiple Letters of Interest / Support has provided visibility on aggregate debt capacity, enabling Viridis to finalise appointment of a MLA to lead lender coordination, due diligence and customary project finance processes. During the quarter, Viridis executed a binding MOU with ORE and Régia. All conditions precedent, including due diligence, fundraising, approval of the investment by Régia and ORE investment committee, have been satisfied, and the Definitive Agreement has been executed. The strategic partnership, comprising a funding commitment of US$30 million (AU$46 million) across four tranches via non-brokered private placements, formally commenced. Tranche 1 funding of US$5 million (AU$7.6 million) was received and at AU$0.91 per Share, 8,383,438 new ordinary fully paid shares (‘Shares’) were issued. For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 4 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au On 2 October 2024, Vale and BNDES selected the Régia/ORE consortium to manage the sovereign -backed, Brazilian Strategic Mineral Fund, with Vale and BNDES acting as cornerstone investors10. Viridis continues to work closely with both groups to position Colossus as the first critical minerals project to receive support under this national initiative. Endorsement from Régia and ORE, two of Brazil’s most respected asset managers, marks a strong validation of both Viridis and the Colossus Project. Their partnership brings direct access to deep capital pools and specialised sector expertise, while Régia’s involvement further strengthens Viridis’ ability to build durable community relationships and secure a long-term social licence for operations. The US$30 million (AU$46 million) investment provides Viridis with a substantial funding runway through to FID. The staged investment structure ensures disciplined capital allocation aligned with key project milestones and minimises dilution to existing shareholders. Viridis’ coordinated capital strategy, uniting leading ECAs with strategic equity partners ORE and Régia, provides depth, certainty and execution momentum as the Company advances final pre-execution milestones and targets FID in 2H 2026. Strategic Site and Key Contracts for Rare Earth Research and Processing Centre Viridis announced major progress in the development of its Rare Earth Research and Processing Centre (‘CPTR’), strategically located in the industrial park in Poços de Caldas, Brazil11. The CPTR will host a mixed rare earth carbonate (‘MREC’) demonstration plant to drive research, development, and innovation in rare earth processing, accelerating Viridis’ transition towards commercial production of high - purity rare earth products. Viridis finalised the appointment of its engineering and construction contractor, placed all major purchase orders, and secured an exceptional site for its CPTR. The facility will serve as a cornerstone in validating Viridis’ processing technology, de -risking future scale -up and supporting operator training, strengthening Viridis’ position as an emerging producer of strategic rare earth materials. In close collaboration with Viridis’ engineering contractor, potential offtake partners, and key equipment suppliers, the decision to advance directly to a larger -scale demonstration plant, rather than a pilot, reflects a technically driven strategy to minimise scale-up risk and accelerate commercial readiness. Extensive design work has been undertaken to optimise equipment sizing, process configuration, and vendor selection, ensuring seamless scalability to commercial throughput. Construction and commissioning of the CPTR is expected to be completed by the end of Q1 2026, with full-scale Demonstration Plant operations expected to commence in Q2 2026. Importantly, no component, technology, or equipment within the CPTR or commercial plant design is sourced from China, eliminating exposure to recent Chinese rare earth export controls announced on 9 October 202512. The unprecedented controls, giving China a veto over anything made with even a trace amount of rare earths, position Viridis as a strategically independent contributor to the Western critical minerals supply chain and a potential near-term substitute for disrupted rare earth production. Demonstration Plant Design highlights: • Feed capacity: 100 kg/h of run-of-mine ore. • Process Flow: Ore preparation, desorption, solid -liquid separation, impurity removal, and rare earth precipitation. • Reagent and Water Recovery: Reagent/water recovery system to reduce OPEX and minimise environmental impact. • Residue management: Dewatered filter cake suitable for mine backfilling. For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 5 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au The CPTR is located just 7km from Viridis’ Northern Concessions, enabling seamless integration between research, demo-scale, and full-scale operations within a consolidated centre of technical excellence. Figure 1: 3D image of the Rare Earth Research and Processing Centre at Poços de Caldas Industrial Park Site. Stakeholder Engagement Throughout the quarter, the Viridis team continued engaging with all levels of the Brazilian governments, foreign governments, key members of the rare earth supply chain and mining industry figures to support the development of the Colossus Rare Earth Project. In October 2025, Viridis Management attended Exposibram in Salvador, where it met with various government leaders, attended workshops with global financial institutions and investors, and sat on various panels linked to strategic critical minerals. For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 6 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au Figure 2: Viridis in-country Regulatory Affairs Manager (Maria Teresa Muniz) on a panel at Exposibram discussing critical minerals and the importance of building a downstream supply chain. In November 2025, Viridis was proud to host over 30 international and local investors, leading banks, strategic partners, and stakeholders for an exclusive site tour of the Company’s operations in Poços de Caldas, Brazil. The visit provided a comprehensive look at the Company’s path forward, featuring: • In-depth technical presentations on geology, metallurgy, permitting, and project economics. • A detailed tour of the Commercial Plant site, including initial mine planning, power and water infrastructure and Demonstration Plant sites. • Strategic discussions with Viridis’ dedicated management and technical teams. It was a fantastic day of engagement, transparency and collaboration. The Viridis team was energised by the strong interest in the Colossus Projec t and remains deeply appreciative for the Company’s partners for their continued trust and support. Figure 3: Viridis hosts 30 international and local investors, leading banks, strategic partners, and stakeholders for an exclusive site tour of Viridis’ operations in Poços de Caldas, Brazil. For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 7 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au In November 2025, Viridis Managing Director (Rafael Moreno) had the privilege of attending the Lide Brésil France Forum, a remarkable event bringing together leaders committed to strengthening economic and strategic ties between France and Brazil. It was an inspiring day of dialogue, innovation and shared vision. Mr Moreno was also one of the few invited to a private meeting later in the evening with the President of France, Mr Emmanuel Macron , where he had the opportunity to personally introduce Viridis’ Colossus Project, as well as the Company’s mission and commitment to accelerating the global energy transition. Figure 4: Viridis Managing Director (Rafael Moreno) attending the Lide Brésil France Forum in Paris. In December 2025, Mr Moreno attended a series of high -level meetings in Washington, D.C., engaging directly with U.S. government stakeholders and leading financing institutions. A highlight was the “Critical Minerals: Opportunities in Brazil” forum held on 2 December 2025 bringing together senior representatives from the U.S. and Brazilian Governments alongside major players in the critical minerals sector. Attending alongside Mr Moreno was Head of Capital Markets and Investor Relations, Guilherme Lopes. Participation in this forum allowed Mr Moreno to provide other key stakeholders valuable insight into how Viridis’ world-class Colossus Project aligns with U .S. and allied strategic objectives, particularly as governments and institutions increasingly look to support projects that can deliver reliable, long -term supply. Figure 5: Viridis Managing Director (Rafael Moreno) and Head of Capital Markets & IR (Guilherme Lopes) in Washington, at the Critical Minerals: Opportunities in Brazil Forum. For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 8 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au Subsequent to the End of the Quarter Viridis Strengthens Board with Appointment of Global Capital Markets and M&A Executive Viridis has appointed Mr Marcus Silberman as a Non-Executive Director effective 2 February 2026, following the retirement of Mr Faheem Ahmed. Mr Silberman is a U .S.-based senior investment banking executive with approximately 30 years’ experience in global equity financing, capital solutions and M&A, having completed more than 50 transactions with an aggregate value exceeding US$140 billion, including senior leadersh ip roles at Credit Suisse and Bank of America. Mr Silberman brings deep mining and natural resources advisory experience across Latin America, particularly in Brazil and Vale-related transactions, which is highly complementary to Viridis’ asset base and strategic focus. His additional board and senior management experience, including his current directorship at Cemig, Brazil’s largest energy trader, further strengthens Viridis’ governance, capital markets capability and strategic depth as the Company advances its rare earths strategy. South Kitikmeot Project The area comprises four properties (Gold Bug, Esker, Bling , and Uist) covering 7,148 hectares within the Back River – Contwoyto Gold Belt of Western Nunavut, Canada. High-grade gold intercepts from the Esker Lake diamond drilling campaign, as assayed by ALS Laboratory in Yellowknife, Northwest Territories, are encouraging and have provided the exploration team with further understanding of the controls for gold mineralisation at the project. During the quarter, no further activity was undertaken at the South Kitikmeot Gold Project . Poochera Project The Poochera Project comprises a 100% owned exploration licence (EL6733) covering an area of 329km² on the Eyre Peninsula in South Australia. The project is located adjacent to major halloysite -kaolin deposits, including the Great White Kaolin Project, but it has never been systematically explored for kaolin-halloysite. In mid -2024, the South Australian Department of Energy and Mining accepted the Poochera EL6733 Annual Technical report and associated documents for April 2024. This keeps the tenement in good standing and provides Viridis with flexibility on executing additional exploration activity. Smoky Halloysite Project The Smoky Project comprises a single exploration license (EL8944) covering 6km 2 in the upper Hunter Valley region of New South Wales. The exploration license contains a historic halloysite quarry and potentially covers more than a 3km strike length of a known and unique kaolin‐halloysite bearing sequence. During the December 2023 quarter, assays and subsequent quality control confirmed the following intersections13: • VS23-06: 13m of 86% halloysite (<45um fraction) from 4m. This includes eight separate 1m samples with over 90% halloysite (<45um fraction) • VS23-06: Highest reported halloysite concentration is 95.1% (<45um fraction) over 1m from 4m • VS23-07: 9m of 79.2% halloysite (<45um fraction) from 1m depth. The halloysite and kaolinite proportions of the <45um material were exceptionally high. Additional samples for quality control, from above and below the measured target halloysite layer , have continued to be sent for analysis. For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 9 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au During the drilling program, all drill holes were sealed and successfully rehabilitated, and no safety or environmental issues were encountered. A short visit was undertaken during the June 2024 quarter to confirm there are no environmental issues and collect near-surface samples to map the halloysite in preparation for larger samples for product end -use trails. Results will be released when available. Boddington West Project The Boddington West Project consists of one Exploration Licence Application (E70/5453) covering an area of 26km2, located 1km west of the Boddington Gold mine. No further activity was undertaken at the Boddington West Project during the quarter. Bindoon Project The Bindoon Project comprises one tenement – E70/5428 (Bindoon Central). Subject to the granting of the respective tenement, an initial campaign of shallow drilling to follow up on previous results and verify the interpreted lithologies is proposed. This work will be scheduled once all relevant permits are gained from the Depar tment of Mines, Industry Regulation and Safety, and access to the ground is negotiated with local landowners. No further activities were undertaken at the Bindoon project during the quarter. Corporate and Financial Position Corporate During the quarter, 2,000,000 Shares were issued on the conversion of unlisted options and 274,726 Shares were issued to the Chairman as part of the July 2025 placement following shareholder approval . A total of 1,200,000 performance rights were issued to Directors following shareholder approval. Expenditure As outlined in the attached Appendix 5B, exploration expenditure for the reporting period was $2,253k. Related Parties As outlined in Section 6 of the attached Appendix 5B, during the September quarter approximately $239k in payments were made to related parties and/or their associates as executive remuneration and non -executive director fees. All payments were made in the ordinary course of business. For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 10 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au Tenements In accordance with Listing Rule 5.3.3, the Company holds the following tenements. Project Location Tenement Reference Nature of Interest % Interest Bindoon Central Western Australia E70/5428 Pending 100% Bindoon South Western Australia E70/5616 Pending 100% Boddington West Western Australia E70/5453 Pending 100% Poochera South Australia EL6733 Granted 100% Smoky New South Wales EL8944 Granted 100% Esker Lake Nunavut, Canada EL 1 (100230) Suspended 51%(1) Nunavut, Canada EL 02 (102662) Active 51%(1) Gold Bugs Nunavut, Canada MIG 6 (100165) Suspended 51%(1) Nunavut, Canada MIG 8 (101106) Active 51%(1) Nunavut, Canada GOLD BUGS 01 (102658) Active 51%(1) Nunavut, Canada GOLD BUGS 02 (102665) Active 51%(1) Nunavut, Canada GOLD BUGS 03 (102666) Active 51%(1) Bling Nunavut, Canada TL 1 (100119) Suspended 51%(1) Qannituq Nunavut, Canada QAH 1 (101734) Suspended 51%(1) Nunavut, Canada QAH 3 (101735) Suspended 51%(1) Uist Nunavut, Canada UIST 1 (100869) Suspended 51%(1) Nunavut, Canada UIST 2 (100870) Suspended 51%(1) Nunavut, Canada UIST 3 (102098) Suspended 51%(1) Nunavut, Canada UIST 4 (102102) Suspended 51%(1) Colossus Minas Gerais, Brazil 007737/1959 Mining Permit 100%(2) Minas Gerais, Brazil 009031/1966 Mining Permit 100%(2) Minas Gerais, Brazil 820037/2000 Mining Requirement 100%(2) Minas Gerais, Brazil 820039/2000 Mining Requirement 100%(2) Minas Gerais, Brazil 820173/1998 Mining Requirement 100%(2) Minas Gerais, Brazil 820197/2022 Research License 100%(2) Minas Gerais, Brazil 820659/1997 Research License 100%(2) Minas Gerais, Brazil 821075/1999 Mining Requirement 100%(2) Minas Gerais, Brazil 821419/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 821421/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 830090/2011 Research Request 100%(2) Minas Gerais, Brazil 830113/2006 Mining Requirement 100%(2) Minas Gerais, Brazil 830148/2004 Research Request 100%(2) Minas Gerais, Brazil 830419/2019 Research License 100%(2) Minas Gerais, Brazil 830442/2018 Research License 100%(2) Minas Gerais, Brazil 830518/2022 Research License 100%(2) Minas Gerais, Brazil 830518/2023 Research License 100%(2) Minas Gerais, Brazil 830519/2022 Research License 100%(2) Minas Gerais, Brazil 830519/2023 Research License 100%(2) Minas Gerais, Brazil 830529/2023 Research Request 100%(2) Minas Gerais, Brazil 830539/1985 Research License 100%(2) Minas Gerais, Brazil 830747/2023 Research License 100%(2) Minas Gerais, Brazil 830927/2016 Research License 100%(2) For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 11 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au Minas Gerais, Brazil 830993/2000 Mining Requirement 100%(2) Minas Gerais, Brazil 831057/2000 Mining Requirement 100%(2) Minas Gerais, Brazil 831101/2022 Research License 100%(2) Minas Gerais, Brazil 831129/2023 Research License 100%(2) Minas Gerais, Brazil 831169/1997 Mining Requirement 100%(2) Minas Gerais, Brazil 831170/1997 Mining Requirement 100%(2) Minas Gerais, Brazil 831205/2023 Research Request 100%(2) Minas Gerais, Brazil 831206/2023 Research License 100%(2) Minas Gerais, Brazil 831207/2023 Research License 100%(2) Minas Gerais, Brazil 831209/2023 Research License 100%(2) Minas Gerais, Brazil 831210/2023 Research License 100%(2) Minas Gerais, Brazil 831496/2002 Mining Requirement 100%(2) Minas Gerais, Brazil 831514/2013 Research License 100%(2) Minas Gerais, Brazil 831619/2023 Research License 100%(2) Minas Gerais, Brazil 831620/2023 Research Request 100%(2) Minas Gerais, Brazil 832025/2009 Research License 100%(2) Minas Gerais, Brazil 832399/2008 Research Request 100%(2) Minas Gerais, Brazil 832502/2023 Research License 100%(2) Minas Gerais, Brazil 832920/2013 Research Request 100%(2) Minas Gerais, Brazil 833531/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833551/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833558/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833560/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833606/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833610/1996 Right to Request Mining 100%(2) Minas Gerais, Brazil 833615/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833618/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833619/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833621/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833641/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833642/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833643/1996 Mining Requirement 100%(2) Minas Gerais, Brazil 833648/1996 Research License 100%(2) Minas Gerais, Brazil 834738/1995 Mining Requirement 100%(2) Minas Gerais, Brazil 836123/1994 Mining Requirement 100%(2) Minas Gerais, Brazil 830058/2023 Research License 100%(3) Minas Gerais, Brazil 830060/2023 Research License 100%(3) Minas Gerais, Brazil 830420/2011 Research License 100%(3) Minas Gerais, Brazil 830711/2006 Research License 100%(3) Minas Gerais, Brazil 831230/2024 Research License 100%(3) Minas Gerais, Brazil 831231/2024 Research License 100%(3) Minas Gerais, Brazil 832359/2023 Research License 100%(3) Minas Gerais, Brazil 832360/2023 Research License 100%(3) Minas Gerais, Brazil 832364/2023 Research License 100%(3) Minas Gerais, Brazil 832427/2023 Research License 100%(3) Minas Gerais, Brazil 832428/2023 Research License 100%(3) Minas Gerais, Brazil 832429/2023 Research License 100%(3) Minas Gerais, Brazil 832662/2023 Research Request 100%(3) Minas Gerais, Brazil 832759/2023 Research License 100%(3) For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 12 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au Minas Gerais, Brazil 005460/1954 Mining Permit 100%(4) Minas Gerais, Brazil 802917/1978 Mining Permit 100%(4) Minas Gerais, Brazil 804675/1975 Mining Permit 100%(4) Minas Gerais, Brazil 806604/1973 Mining Permit 100%(5) Minas Gerais, Brazil 806605/1973 Mining Permit 100%(5) Minas Gerais, Brazil 830340/1979 Mining Permit 100%(5) Minas Gerais, Brazil 830464/1982 Mining Permit 100%(5) Minas Gerais, Brazil 820221/2024 Research License 100%(6) Minas Gerais, Brazil 820222/2024 Research License 100%(6) Minas Gerais, Brazil 830024/2024 Research Request 100%(6) Minas Gerais, Brazil 830025/2024 Research Request 100%(6) Minas Gerais, Brazil 830026/2024 Research Request 100%(6) Minas Gerais, Brazil 830148/2024 Research License 100%(6) Minas Gerais, Brazil 830149/2024 Research License 100%(6) Minas Gerais, Brazil 830162/2024 Research Request 100%(6) Minas Gerais, Brazil 830165/2024 Research Request 100%(6) Minas Gerais, Brazil 830277/2024 Research License 100%(6) Minas Gerais, Brazil 830278/2024 Research License 100%(6) Minas Gerais, Brazil 830850/2024 Research License 100%(6) Minas Gerais, Brazil 830912/2024 Research Request 100%(6) Minas Gerais, Brazil 831144/2024 Research Request 100%(6) Minas Gerais, Brazil 831696/2024 Research Request 100%(6) Minas Gerais, Brazil 833504/2023 Research License 100%(6) Minas Gerais, Brazil 831026/2024 Research License 100%(7) Minas Gerais, Brazil 831028/2024 Research License 100%(7) Minas Gerais, Brazil 832350/2023 Research License 100%(7) Minas Gerais, Brazil 832351/2023 Research License 100%(7) Minas Gerais, Brazil 833228/2023 Research License 100%(7) Minas Gerais, Brazil 833230/2023 Research License 100%(7) Minas Gerais, Brazil 833231/2023 Research License 100%(7) Minas Gerais, Brazil 833232/2023 Research License 100%(7) Minas Gerais, Brazil 832491/2024 Research License 100%(8) Minas Gerais, Brazil 000991/1961 Mining Permit 100%(9) Minas Gerais, Brazil 807630/1971 Mining Permit 100%(9) Minas Gerais, Brazil 816060/1973 Mining Permit 100%(9) Minas Gerais, Brazil 830138/2003 Mining Requirement 100%(9) Minas Gerais, Brazil 830392/1979 Mining Requirement 100%(9) Minas Gerais, Brazil 830579/2007 Mining Permit 100%(9) Minas Gerais, Brazil 830582/1987 Mining Requirement 100%(9) Minas Gerais, Brazil 830603/1994 Research License 100%(9) Minas Gerais, Brazil 830753/1998 Research License 100%(9) Minas Gerais, Brazil 830913/2006 Research License 100%(9) Minas Gerais, Brazil 831447/2005 Mining Requirement 100%(9) Minas Gerais, Brazil 831685/2012 Research License 100%(9) Minas Gerais, Brazil 832144/2002 Mining Requirement 100%(9) Minas Gerais, Brazil 832145/2002 Mining Requirement 100%(9) Minas Gerais, Brazil 832318/2023 Research License 100%(9) Minas Gerais, Brazil 832645/2003 Mining Requirement 100%(9) Minas Gerais, Brazil 833487/1996 Mining Permit 100%(9) Minas Gerais, Brazil 833550/1993 Mining Requirement 100%(9) For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 13 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au Minas Gerais, Brazil 834214/1994 Mining Requirement 100%(9) Minas Gerais, Brazil 834452/1993 Mining Requirement 100%(9) Minas Gerais, Brazil 834868/1995 Mining Requirement 100%(9) Minas Gerais, Brazil 835469/1994 Mining Requirement 100%(9) Minas Gerais, Brazil 835959/1994 Mining Requirement 100%(9) 1) Viridis may earn up to a 100% interest under Silver Range Resources Limited acquisition JV agreement. 2) Viridis has acquired the REE rights for the Colossus Project tenements, with ownership held by Aluminas Minerios Em Geral Ltd a, Fertimax Fertilizantes Organicos Ltda, Minas Rio Mineradora Ltda, MineraçãoSanta Carolina Ltda, Mining Santa Carolina Ltda, Reynaldo Guazzelli Filho, Varginha Mineração Ltda. 3) Viridis has acquired the REE rights for the Colossus Project tenements, with ownership held by Irmaos Martins Servicos e Come rcio Eireli and Rafael da Cruz Oliveira. 4) Viridis has acquired the REE rights for the Colossus Project tenements, which Frigorifico Tamoyos LTDA owns. 5) Viridis has acquired the full Mining Rights for the Colossus Project tenements, which are owned by Mineração São Domingos Minerdom LTDA. 6) Viridis has requested by itself. 7) Viridis has acquired the full Mining Rights for the Colossus Project tenements, which I.r.s Minerals Extração de Minerais Eireli owns. 8) Viridis has acquired a tenement at the ANM ('National Mining Agency') auction 9) Viridis has acquired new tenements, with ownership held by Minas Rio Mineradora Ltda. and Varginha Mineração Ltda. This announcement has been authorised for release by the Board. Contacts For more information, please visit our website www.viridismining.com.au or contact: Carly Terzanidis Company Secretary Tel: + 61 3 9071 1847 Email: cosec@viridismining.com.au Rafael Moreno Managing Director Tel: + 61 3 9071 1847 Email: rafael.moreno@viridismining.com.au About Viridis Mining and Minerals Viridis Mining and Minerals Limited is a resource exploration and development company with assets in Brazil, Canada and Australia. The Company’s Projects comprise of: • the Colossus Project, with an Ore Reserve Estimate for Rare Earth Elements following completion of a • Pre-Feasibility Study; • the South Kitikmeot Project, where the Company intends to continue gold exploration; • the Boddington West Project, which the Company considers to be prospective for gold; • the Bindoon Project, which the Company considers to be prospective for nickel, copper and platinum group elements; and • the Poochera and Smoky Projects, which the Company considers to be prospective for kaolin-halloysite. For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 14 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au Mineral Resource Estimate14 Table 1: Updated Mineral Resource Estimate for Colossus REE Project using 1,000ppm TREO Cut -Off Grade. The resource model excludes leached/soil clays, transitional horizon under 330ppm MAG_REO*, and regolith material under 300ppm MAG_REO*. The Measured and Indicate d resources consist solely of regolith ore, while the Inferred resource includes both transitional and regolith ore. Ore Reserve15 Table 2: Colossus Maiden Ore Reserve (dry basis) and diluted grades by area. Reserve is 100% Probable; Inferred material excluded and treated as waste. Reported grades include 5% dilution. Mining recovery: 95%; representative marginal cut -off ~1,000 ppm TREO. Competent Persons Statements In preparing the quarterly report for the period ended 31 December 2025 and to date, the Company has relied on the following ASX announcements. This report contains information extracted from ASX releases and reports cited herein. These are available to view on the Company’s website (www.viridismining.com.au). In relying on the following ASX announcements and pursuant to ASX Listing Rule 5.23.2, the Company confirms that it is unaware of any further new information or data that materially affects the information included in the following announcements, and in the case of estim ates of Mineral Resources and Ore Reserves, Production Targets and forecast financial information that all material assumptions and technical parameters underpinning the estimates in the relevant referenced market announcements continue to apply and have not materially changed. To the extent disclosed above, 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. Deposit Category Reserve (Mt) TREO (ppm) Pr6O11 (ppm) Nd2O3 (ppm) Tb4O7 (ppm) Dy2O3 (ppm) MREO (ppm) MREO/TREO Proved Probable 97.4 2,405 156 484 5 27 698 29% Proved Probable 82.1 2,879 182 543 6 33 794 28% Proved Probable 16.0 2,740 158 441 4 25 652 24% Proved Probable 4.3 2,928 210 656 8 38 949 32% Proved Probable 0.8 3,154 219 596 5 28 875 28% Total 200.6 2,640 168 509 6 29 740 28% Northern Concessions (NC) Southern Complex - Central (SC_C) Southern Complex - South (SC_S) Southern Complex - North (SC_N) Capão da Onça (CO) For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 15 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au References Reference within Quarterly Report Date Title 7 27/01/2026 Viridis Strengthens Board With Investment Banking Executive 5 06/01/2026 Viridis Secures Up to US$50M Letter of Support from EFA 1 22/12/2025 Viridis Receives Landmark Environmental Approval 19/12/2025 Trading Halt 17/12/2025 Becoming a substantial holder 16/12/2025 Change of Director's Interest Notice - ASP, CG, FA, RM, TH 16/12/2025 Notification regarding unquoted securities - VMM 16/12/2025 Cleansing Notice 16/12/2025 Application for quotation of securities - VMM 08/12/2025 Colossus Preliminary Environmental License Update 01/12/2025 Ceasing to be a substantial holder 01/12/2025 Reinstatement to Quotation 01/12/2025 Colossus Environmental Licensing Update 01/12/2025 Response to ASX Price and Volume Query 28/11/2025 Suspension from Quotation 26/11/2025 Change in substantial holding 26/11/2025 Trading Halt 26/11/2025 Pause in Trading 24/11/2025 Results of Meeting 24/11/2025 Cleansing Notice 24/11/2025 Application for quotation of securities - VMM 6 24/11/2025 Viridis Executes US$30M (AU$46M) Binding Agreement 4 18/11/2025 VMM Receives US$100M LOI from Export Development Canada 3 10/11/2025 Viridis Secures Key Project Financing Milestone 29/10/2025 Quarterly Activities/Appendix 5B Cash Flow Report 24/10/2025 Proposed issue of securities - VMM 24/10/2025 Notice of Annual General Meeting/Proxy Form 22/10/2025 Cleansing Notice 22/10/2025 Application for quotation of securities - VMM 11 20/10/2025 VMM Secures Demonstration Plant Site and Key Contracts 8/10/2025 Annual General Meeting Details 15 27/08/2025 Colossus 200.6Mt Maiden Ore Reserve - Retraction/Amendment 8 22/08/2025 VMM Bolsters Strategic Position & Enhances Project Scale 9 09/07/2025 Colossus PFS Unlocks World-Class Project Economics 14 22/01/2025 Colossus Hits Largest M&I and Highest-Grade MREO Resource 2 06/02/2024 Spectacular Shallow Intercepts up to 23,556ppm TREO - Amended 13 20/12/2023 Smoky Project Returns Up To 95.1% Halloysite Additional References 10 https://agenciadenoticias.bndes.gov.br/industria/bndes -e-vale-anunciam-vencedor- que-vai-gerir-o-fundo-de-minerais-estrategicos/ 12 https://www.bloomberg.com/news/articles/2025-10-14/china-flexes-superpower- status-with-grab-for-global-supply-chain For personal use only
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QUARTERLY ACTIVITY REPORT – 31 December 2025 Page 16 Viridis Mining and Minerals Limited | ACN: 121 969 819 | Level 50 108, St Georges Terrace, Perth, WA 6000 Telephone: + 61 3 9071 1847 | Email: info@viridismining.com.au | www.viridismining.com.au Forward Looking Statements This announcement contains ‘forward -looking information’ that is based on the Company’s expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to the Company’s business strategy, plans, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, mineral reserves and resources, results of exploration and related expenses. Generally, this forwar d-looking information can be identified by the use of forward-looking terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘likely’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’, ‘scheduled’, ‘will’ , ‘plan’, ‘forecast’, ‘evolve’ and similar expressions. Persons reading this announcement are cautioned that such statements are only predictions, and that the Company’s actual future results or performance may be materially different. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward looking information. 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 Viridis Mining & Minerals Limited (ASX: VMM) ABN Quarter ended (“current quarter”) 41 121 969 819 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 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) staff costs (e) administration and corporate costs (1,208) (1,923) 1.3 Dividends received (see note 3) 1.4 Interest received 68 105 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Other (provide details if material) (a) GST (b) Government Grant 114 106 1.9 Net cash from / (used in) operating activities (1,026) (1,712) 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 (2,253) (3,320) (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 (d) investments (e) other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities (2,253) (3,320) 3. Cash flows from financing activities 8,679 19,929 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 (54) (593) 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 (provide details if material) 3.10 Net cash from / (used in) financing activities 8,625 19,336 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 10,092 1,150 4.2 Net cash from / (used in) operating activities (item 1.9 above) (1,026) (1,712) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (2,253) (3,320) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 8,625 19,336 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 (280) (296) 4.6 Cash and cash equivalents at end of period 15,158 15,158 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 15,158 10,092 5.2 Call deposits 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) 15,158 10,092 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 1 239 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) (1,026) 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (2,253) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (3,279) 8.4 Cash and cash equivalents at quarter end (item 4.6) 15,158 8.5 Unused finance facilities available at quarter end (item 7.5) - 8.6 Total available funding (item 8.4 + item 8.5) 15,158 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 4. 6 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: Not Applicable 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: Not Applicable 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: Not Applicable 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: ................................................... Authorised by: .........Board of Directors........................ (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 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, t he definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash 28 January 2026 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. 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