Interim report
Page 1
ABN 27 118 554 359 ASX:YAR INTERIM FINANCIAL REPORT For the six months ended 30 June 2026 YARI RESOURCES LIMITED
Page 2
• 2 Page 2 of 34 CORPORATE DIRECTORY DIRECTORS Mr Eduardo Robaina – Non-executive Chairman Ms Courtney Taylor – Managing Director Mr Albert Thamm – Technical Director COMPANY SECRETARY Mr Dale Hanna PRINCIPAL PLACE OF BUSINESS AND REGISTERED OFFICE Unit 4/420 Bagot Rd, SUBIACO WA 6008 Ph: +61 (8) 6400 6444 SHARE REGISTRY Automic Level 5, 191 St Georges Terrace, PERTH WA 6000 Ph: 1300 288 664 SECURITIES EXCHANGE (ASX: YAR) Australian Securities Exchange Level 40, 152-158 St George’s Terrace, PERTH WA 6000 SOLICITORS AGH Law Level 2, 66 Kings Park Road, WEST PERTH WA 6005 AUDITORS HLB Mann Judd Level 4, 130 Stirling Street PERTH WA 6000 CONTACT DETAILS Postal: P.O. Box 839 WEST PERTH WA 6872 Ph: + 61 (8) 6400 6222 Website: www.yariresources.com.au Email: info@yariresources.com.au
Page 3
Page 3 of 34 Interim Financial Report for the six months ended 30 June 2026 CONTENTS CORPORATE DIRECTORY………………………………………………………………………………………………….…2 DIRECTORS’ REPORT…………………………………………………………………………………………….……………4 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME………………………………………………………………………………….………….12 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION………………………….…………. 13 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY………………………………………14 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS………………………………………………..16 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS…………………………………………………….17 DIRECTORS’ DECLARATION……………………………………………………………………………………………..31 AUDITOR’S INDEPENDENCE DECLARATION………………………………………………………………………..32 INDEPENDENT AUDITOR’S REVIEW REPORT……………………………………………………….……………….33
Page 4
Page 4 of 34 Interim Financial Report for the six months ended 30 June 2026 DIRECTORS’ REPORT The directors present the financial report of Yari Resources Limited (formerly, Yari Minerals Limited) (the “Company”) and controlled entities (the “Group”) for the six months ended 30 June 2026 (the “reporting period”). DIRECTORS Mr Eduardo Robaina – Non-executive Chairman Mr Anthony Italiano – Managing Director (resigned on 19 January 2026) Mr Albert Thamm – Technical Director (appointed on 1 July 2025) Ms Courtney Taylor – Executive Director (appointed on 19 January 2026, Managing Director from 9 June 2026) All directors were in office for the entire period unless otherwise stated. COMPANY SECRETARY Mr Dale Hanna (appointed 11 August 2025) PRINCIPAL ACTIVITIES The principal activities of the Company during the reporting period were exploration for lithium at its Pilbara Lithium projects in Western Australia and exploration for coal at Rolleston South Coal Project located in Queensland’s Tier-1 Bowen Basin, Rolleston South. At the Company’s Annual General Meeting held on 29 May 2026, shareholders approved the change in the Company’s name from Yari Minerals Limited to Yari Resources Limited. REVIEW OF OPERATIONS Rolleston South Coal Project Yari Resources advanced its Rolleston South Coal Project during the half year to 30 June 2026, including announcing a maiden Indicated Resource and confirming its ability to produce a low - impurity, low-ash coal product. Post -balance date, the Company annou nced its further expansion into the world-class Bowen Basin with the acquisition of the Arcadia Coal Project. Located in Queensland’s Tier-1 Bowen Basin, Rolleston South spans 272 sq km across two granted Exploration Permits for Coal (EPC 2138 and EPC 2327). The project lies 20km south of Glencore’s Rolleston Mine and is within haulage distance to the Blackwater Rail System, providing access to the Port of Gladstone and established export infrastructure. Highlighting Yari’s focus on its Queensland coal projects, in January 2026 the Company appointed Ms. Courtney Taylor as Executive Director. Based in Brisbane, Ms. Courtney is a highly experienced coal geologist with a strong background in the sector. Her career includes roles at major global miners such as Anglo American, Vale, and BHP, where she has worked across the full resource value chain, including exploratio n, project delivery, regulatory compliance and technology initiatives in coal assets.
Page 5
Page 5 of 34 Interim Financial Report for the six months ended 30 June 2026 Ms. Taylor was officially appointed Managing Director on 9 June 2026, with a focus on driving the expansion of the Company’s Queensland coal assets. Reflecting its new strategy, the Company rebranded as Yari Resources Limited (ASX:YAR), following shareholder approval at the Company’s General Meeting on 29 May 2026. Figure 1: Drilling rig on site at the Rolleston South Coal Project Figure 2: Rolleston South Coal Project – JORC Indicated Coal Resource Figure 3: Rolleston South Coal Project – JORC Inferred Coal Resource Low-ash coal quality In March 2026, Yari reported that detailed laboratory coal quality testwork from drillhole RSC015C at the Rolleston South Coal Project had confirmed very low raw and product ash levels across “B” and “D” seams. The results, from core submitted in December 2025, demonstrated favourable product
Page 6
Page 6 of 34 Interim Financial Report for the six months ended 30 June 2026 quality and further bolstered the Project following the earlier announced maiden Indicated Resource. Washability testing demonstrated an exceptional ash/yield relationship within “D” seam, with raw coal composite ashes low enough to be potentially sold as a secondary thermal product (with no washing at 10% ash). Raw composite showed low total sulphur (0.3 5%) and low total phosphorous (0.07%). Clean coal composites of 7% ash product were created and tested for a range of product coal qualities, but the coal’s quality was comparable to coals sold from the nearby Rolleston, Meteor Park South, Minerva, Kestrel and Theodore mines. Figure 4: Rolleston South: Comparison in vitrinite content for the “D” Seam Simulation of the available washability data did not indicate any abnormal washing characteristics. It is anticipated that an approximately 7 or 8% ash product could be sustained through a conventional three-stage coal separation plant (dense medium cyclone, spirals, Jameson, or micro-cell). Washing to this ash would deliver a product yield of 85%. The product would represent an export -quality thermal coal or semi -soft coking coal that would display high volatiles, low sulphur, and with a high calorific value. A coal quality hazard identified that does require further study is the moderate iron and calcium oxide in ash values that have led to a depression of the ash fusion properties, with Slagging Indices of generally <1200oC calculated. Favourably, there was indication from the provided data that semi -soft metallurgical products (CSN 1-4) 3,4 could be produced, but further large diameter (>100mm) coring would be required to provide samples for further coal quality characterisation (refer ASX announcement 3 March 2026). Arcadia Coal Project acquisition Post-balance date, on 3 August 2026 Yari announced it had entered into a binding conditional Share Sale and Purchase Agreement to acquire a 100% interest in the Arcadia Coal Project in Central Queensland's Bowen Basin, via the acquisition of 100% of the is sued capital of Northern Comet Resources Company. Upon completion, Northern Comet Resources Company would become a wholly owned subsidiary of Yari. Simultaneously and as a part of completion of the transaction, Northern Comet Resources Company entered into a Royalty Deed in favour of Utopia Resources Pty Ltd (a related entity of the Vendor), providing for a 1.5% gross revenue royalty on coal produced and sold from the Arcadia tenements. The acquisition effectively doubles Yari’s JORC Mineral Resource Estimate to more than 500 million
Page 7
Page 7 of 34 Interim Financial Report for the six months ended 30 June 2026 tonnes, advancing the Company’s strategic district-scale consolidation in the Rolleston coal district amid rising competition for resources within the tier-one Basin. The Arcadia Coal Project comprises: • EPC 1772 — the primary exploration permit, approximately 54,537ha in area, covering the Arcadia Valley coal resource area. • EPC 1054 and EPC 1042 — additional exploration permits comprising the remainder of the project tenure. • All associated exploration data, geological records, technical reports, samples and regulatory correspondence relating to the tenements. Figure 5: Arcadia Project (EPC 1054 & 1772) location and surrounding tenure A Mineral Resource Estimate for EPC 1772 was reported in February 2017 by JB Mining Services Pty Ltd in accordance with the JORC Code (2012 Edition). The estimate (Jones 2017) is summarised in the table below.
Page 8
Page 8 of 34 Interim Financial Report for the six months ended 30 June 2026 Table 6: EPC 1772 Arcadia — JORC 2012 Mineral Resource Estimate (million tonnes, 11% in situ moisture basis) Seam Bandanna Formation Seam Indicated (Mt) Inferred (Mt) Total (Mt) Rider A - - - Aries 1 BU 47.5 32 80 Aries 2 BL 26.1 19 45 Castor 1 CU 8.9 7 16 Castor 2 CL 23.1 17 40 Pollux 1 DU 17.1 13 30 Pollux 2 DL 41.4 30 71 TOTAL 164.0 118.0 282.0 Note: Figures may not sum exactly due to rounding. Resources reported at an in -situ moisture of 11% (Preston & Sanders formula). Resources are limited by a maximum cumulative waste-to-coal ratio of 15:1 bcm/t in situ within the mask area. Seam names used by JB Mining are those for the Rangal Coal Measures, rather than the Bandanna Formation nomenclature commonly used in mining operations at Rolleston and Meteor Downs Coal Mines, and Rolleston South deposit. Rider seam generally <0.5m and no resources reported by JB Mining. The Arcadia coal has previously been assessed as having the potential to produce export product coal, subject to further technical review and future studies. Favourable quality attributes identified in historical assessments include: • High energy content, low inherent ash, low sulphur and low phosphorus. • Washability yields of approximately 85–90% referenced in preliminary assessments. • Potential product positioning as between high -volatile semi-soft coking coal and export thermal coal, subject to further work. • Historical analysis describing the coal as High-Volatile Bituminous A, with weak coking properties that may improve with increasing rank at depth. Cautionary Statement: Yari notes that these quality observations are based on historical assessments and have not been independently verified or updated. Further technical studies, including updated washability testing and product specification work, will be required to confirm the coal quality characteristics and potential product types. On 7 September 2026, Yari announced the potential for multiple product pathways from the Arcadia Coal Project, including semi-soft coking, PCI and high-energy thermal coal products. The Company is also assessing the potential for resource growth with an expansion of Arcadia’s technical dataset, including five cored petroleum/coal seam gas (CSG) wells not incorporated into the previous 2017 geological model. This followed an independent coal-quality review of the 282Mt Arcadia Coal Project in Queensland's Bowen Basin conducted by coal -quality specialist Chris McMahon of McMahon Resources, which reviewed historical data from 44 bore cores and 1,472 samples across the principal B, C and D seams
Page 9
Page 9 of 34 Interim Financial Report for the six months ended 30 June 2026 of the Bandanna Formation. The review indicated average in-situ ash of approximately 10% and identified the potential for Arcadia to support multiple coal products, including semi -soft coking , PCI and high -energy thermal coal. Importantly, the results indicated Arcadia may offer flexibility to target different products from different parts of the deposit, rather than being developed around a single coal specification. Lithium Projects – Pilbara, Western Australia Yari holds 100% of a portfolio of lithium -prospective tenements in the Pilbara region, near major discoveries including Pilgangoora (ASX:PLS) and Wodgina (ASX:MIN). The Company continues to consider a range of options to progress its Pilbara lithium portfolio. These assets remain prospective and are located within one of the world’s most active lithium exploration regions. Financial Performance and Financial Position The net loss of the Group after income tax for the six months ended 30 June 2026 was $972,831 (six months ended 30 June 2025: loss of $2,595,170). As at 30 June 202 6, the Group had total assets of $652,019 (31 December 2025: $1,571,179) and total liabilities of $540,255 (31 December 2025 $569,994). Total cash was $490,084 (31 December 2025: $1,274,808) and the Group had no borrowings. SUBSEQUENT EVENTS Acquisition of Arcadia Coal Project Subsequent to the financial period-end, the Group entered into a binding Share Sale and Purchase Agreement to acquire a 100% interest in the Arcadia Coal Project in Central Queensland's Bowen Basin, via the acquisition of 100% of the issued capital of Northern Comet Resources Company. The purchase consideration of $2,200,000 was satisfied as part of a placement of 488,888,889 new fully paid ordinary shares at $0.0045 per share. The acquisition will effectively double Yari’s JORC Mineral Resource Estimate to more than 500 million tonnes, advancing the Company’s strategic district-scale consolidation in the Rolleston coal district amid rising competition for resources within the tier-one Basin. The Arcadia Coal Project is located within the broader Rolleston coal district, regionally proximate to and separate from Yari's existing Rolleston South Coal Project (EPC 2318 and EPC 2327) . It has a low upfront consideration with the majority of value linked to project milestones, initial commercial production and gross revenue royalty. The acquisition supports Yari's district-scale consolidation strategy in the Rolleston coal district, effectively doubling Yari’s coal resource in the world-class Bowen Basin. The purchase consideration for the acquisition consists of the following: • Upfront cash consideration of $50,000 paid within 3 days of executing the share purchase agreement. • Consideration shares of 147, 594.744 ordinary fully paid shares in the Company, subject to shareholder approval. • A gross revenue royalty of 1.5% on coal produced and sold from the Arcadia tenements with a minimum of $400,000 qualifying expenditure within 3-year earn-in-period.
Page 10
Page 10 of 34 Interim Financial Report for the six months ended 30 June 2026 • Milestone payments of up to $1 .25 million payable in cash or shares at a 2% discount to the 10-day volume weighted average share price. • Success payment of up to $20 million over the first three years of commercial production. Capital Raise On 3 August 2026, the Company announced a fundraising exercise comprising of two tranches to raise $2,200,000 (before costs) through the issue of 488 ,888,889 fully paid ordinary shares at $0.0045 per share. On 11 August 2026, the Group issued 209,865,951 new fully paid ordinary shares at $0.0045 per share to raise $944,397 (before costs) under Tranche One. Under Tranche Two and subject to shareholder approval, the Company will issue 279,022,938 new fully paid ordinary shares at $0.0045 per share to raise $1,255,603 (before costs), together with 488,888,889 listed free -attaching options exercisable at $0.0075 per share on or before 30 September 2028 (related to both the Tranche One and Tranche Two placements) CPS Capital Group Pty Ltd will act as Lead Manager and will receive a capital raising and management fee of 6% of gross proceeds raised and 44,000,000 options with the same terms as the above free - attaching options. AUDITORS INDEPENDENCE Section 307C of the Corporations Act 2001, requires our Auditors, HLB Mann Judd, to provide the Directors with an Independence Declaration in relation to the review of the interim financial report. This Independence Declaration is set out on page 32 and forms part of the Directors’ report for the six months ended 30 June 2026. This report is signed in accordance with a resolution of the Board of Directors pursuant to Section 306(3) of the Corporations Act 2001. Eduardo Robaina Non-executive Chairman 10 September 2026
Page 11
Page 11 of 34 Interim Financial Report for the six months ended 30 June 2026 COMPETENT PERSON STATEMENT The information in this report that relates to exploration results, data collection and geological interpretation is based on information compiled by Mr Mark Biggs. Mr Biggs is the Principal Geologist for ROM Resources and is a Member of the Australasian Institute of Mining and Metallurgy (#107188). Mr Biggs is a director of ROM Resources, a company which is a shareholder of Yari Resources Limited. ROM Resources provides ad -hoc geological consultancy services to Yari Resources Limited. Mr Biggs has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being undertaken to qualify as Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’ (JORC Co de). Mr Biggs consents to the inclusion in this announcement of the matters based on their information in the form and context in which it appears. The information in this report that relates to Coal Resources is based on and fairly represents information and supporting documentation prepared by Mr Mark Biggs, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy (#107188). Mr Biggs is the Principal Geologist for ROM Resources, which is a consultant to Yari. Mr Biggs has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. They have als o been carried out in accordance with the principles and guidelines of the “Australian Guidelines for the Estimation and Classification of Coal Resources 2014 Edition”, prepared by the Guidelines Review Committee on behalf of the Coalfields Geology Council of New South Wales and the Queensland Resources Council. Mr Bigg has approved the Statement as a whole and consents to its inclusion in this report in the form and context in which it appears FORWARD LOOKING STATEMENTS This report contains forward looking statements and forward-looking information, which are based on assumptions and judgements of management regarding future events and results. Such forward -looking statements and forward-looking information involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of t he Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward -looking statements. Such factors include, among others, the actual market prices of coal, zinc and lead, the actual results of current exploration, the availability of debt and equity financing, the volatility in global financial markets, the actual results of future mining, processing and development activities, receipt of regulatory approvals as and when required and changes in project parameters as plans continue to be evaluated. Except as required by law or regulation (including the ASX Listing Rules), the Company undertakes no obligation to provide any additional or updated information whether because of new information, future events, or results or otherwise. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements.
Page 12
Interim Financial Report for the six months ended 30 June 2026 Page 12 of 34 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the six months ended 30 June 2026 Six-months ended Six-months ended 30-Jun-26 30-Jun-25 Note $ $ Other income 44,644 - Interest received 8,587 12,880 Exploration and evaluation expenses 4(a) (247,513) (1,935,157) Administrative expenses 4(b) (368,159) (294,366) Personnel expenses 4(c) (405,011) (323,794) Foreign exchange gain/(loss) (1,742) (13,417) Movement in fair value of financial assets - (41,316) Interest expense (3,638) - Loss before income tax expense (972,831) (2,595,170) Income tax expense 5 - - Loss from continuing operations after income tax expense (972,831) (2,595,170) Other comprehensive income, net of tax - - Total comprehensive loss attributed to members of the parent entity (972,831) (2,595,170) Loss per share Basic and diluted loss per share (cents per share) 6 (0.12) (0.53) The accompanying notes form part of these financial statements
Page 13
Interim Financial Report for the six months ended 30 June 2026 Page 13 of 34 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30 June 2026 As at As at 30-Jun-26 31-Dec-25 Note $ $ Assets Current assets Cash & cash equivalents 14c 490,084 1,274,808 Trade & other receivables 7 73,426 159,475 Lease receivable - current 10 60,409 52,591 Total current assets 623,919 1,486,874 Non-current assets Property, plant & equipment 8 2,730 5,415 Right of use assets 9 9,261 38,565 Lease receivable – non-current 10 16,109 40,325 Total non-current assets 28,100 84,305 Total assets 652,019 1,571,179 Liabilities Current liabilities Trade & other payables 11 447,817 343,618 Lease liability 12 73,197 69,625 Provisions - current 13 - 100,000 Total current liabilities 521,014 513,243 Non-current liabilities Lease liability 11 19,241 56,751 Total non-current liabilities 19,241 56,751 Total liabilities 540,255 569,994 Net assets 111,764 1,001,185 Equity Issued capital 14a 56,968,509 56,968,509 Reserves 15 978,434 895,024 Accumulated losses (57,835,179) (56,862,348) Total equity 111,764 1,001,185 The accompanying notes form part of these financial statements
Page 14
Interim Financial Report for the six months ended 30 June 2026 Page 14 of 34 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the Six months ended 30 June 2026 Issued capital Accumulated losses Share-based Payments Reserve Total Six months ended 30 June 2026 $ $ $ $ At 31 December 2025 56,968,509 (56,862,348) 895,024 1,001,185 Loss for the half year after income tax from continuing operations - (972,831) - (972,831) Total comprehensive loss for the half year - (972,831) - (972,831) Transactions with owners in their capacity as owners: Share based payments - - 83,410 83,410 - - 83,410 83,410 At 30 June 2026 56,968,509 (57,835,179) 978,434 111,764 The accompanying notes form part of these financial statements
Page 15
Interim Financial Report for the six months ended 30 June 2026 Page 15 of 34 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Continued) For the Six months ended 30 June 2026 Issued capital Unissued capital Accumulated losses Share-based Payment Reserve Foreign Currency Translation Reserve Total Six months ended 30 June 2025 $ $ $ $ $ At 31 December 2024 54,486,685 - (53,548,915) 716,665 484,303 2,138,738 Loss for the half year after income tax from continuing operations - - (2,595,170) - - (2,595,170) Total comprehensive loss for the half year - - (2,595,170) - - (2,595,170) Transactions with owners in their capacity as owners: Shares issued on acquisition of Resource Chain 434,122 - - - 434,122 Share to be issued on acquisition of Resource Chain 1,332,523 - - - 1,332,523 Share based payments - - 10,156 - 10,156 434,122 1,332,523 - 10,156 - 1,776,801 At 30 June 2025 54,920,807 1,332,523 (56,144,085) 726,821 484,303 1,320,369 The accompanying notes form part of these financial statements
Page 16
Interim Financial Report for the six months ended 30 June 2026 Page 16 of 34 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS For the six months ended 30 June 2026 For the six months ended For the six months ended 30-Jun-26 30-Jun-25 $ $ Cash flows from operating activities Payments to suppliers and employees (600,661) (778,083) Receipts from interest 6,972 13,592 Payment for exploration costs (207,334) (4,202) Net cash (outflow) from operating activities (801,023) (768,693) Cash flows from investing activities Payments for property, plant and equipment - (5,415) Proceeds from disposal of financial assets - 431,609 Net cash inflow from investing activities - 426,194 Cash flows from financing activities Lease instalments (37,572) - Sub-lease receipts 53,877 - Net cash inflow from financing activities 16,395 - Reconciliation of cashflow movement for the year Cash and cash equivalents at the beginning of the period 1,274,808 1,798,701 Net decrease in cash (784,724) (342,499) Cash and cash equivalents at the end of the period 490,084 1,456,202 The accompanying notes form part of these financial statements
Page 17
Interim Financial Report for the six months ended 30 June 2026 Page 17 of 34 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1. STATEMENT OF MATERIAL ACCOUNTING POLICIES Statement of compliance These interim consolidated financial statements are general purpose financial statements prepared in accordance with the requirements of the Corporations Act 2001, applicable accounting standards including AASB 134 ‘Interim Financial Reporting’, Accounting Interpretations and other authoritative pronouncements of the Australian Accounting Standards Board (‘AASB’). Compliance with AASB 134 ensures compliance with IAS 34 ‘Interim Financial Reporting’. The interim financial report does not include full disclosures of the type normally included in an annual financial report. Therefore, it cannot be expected to provide as full an understanding of the financial performance, financial position and cash flows of the Group as in the full financial report. It is recommended that this interim financial report be read in conjunction with the annual financial report for the year ended 31 December 2025 and any public announcements made by the Company and its subsidiaries during the six months in accordance with continuous disclosure requirements arising under the Corporations Act 2001 and the ASX Listing Rules. The interim financial report was authorised for issue by resolution of the board of Directors on 10 September 2026. Basis of preparation The interim financial report has been prepared on a historical cost basis. Cost is based on the fair value of the consideration given in exchange for assets. The Company is domiciled in Australia, the functional and presentation currency of the Group is Australian Dollars, and all amounts are presented in Australian Dollars unless otherwise noted. For the purpose of preparing the interim financial report, the six months has been treated as a discrete reporting period. Accounting policies and methods of computation The accounting policies and methods of computation adopted are consistent with those of the previous financial year and corresponding interim reporting period except for the impact of the new and revised standards, as described below. These accounting policies are consistent with Australian Accounting Standards and with International Financial Reporting Standards. The accounting policies are consistent with the Annual Report for the year ended 31 December 2025. Adoption of new and revised standards Standards and Interpretations applicable to 30 June 2026 In the reporting period ended 30 June 202 6, the Directors have reviewed all of the new and revised Standards and Interpretations issued by the AASB that are relevant to the Group and effective for the current reporting period. As a result of this review, the Directors have determined that there is no material impact of the new and revised Standards and Interpretations on the Group and, therefore, no material change is necessary to Group accounting policies.
Page 18
Interim Financial Report for the six months ended 30 June 2026 Page 18 of 34 1. STATEMENT OF MATERIAL ACCOUNTING POLICIES (Continued) Standards and interpretations in issue not yet adopted The Directors have also reviewed all of the new and revised Standards and Interpretations in issue not yet adopted for the period ended 30 June 2026. As a result of this review the Directors have determined that there is no material impact of the Standards and Interpretations in issue not yet adopted on the Group and, therefore, no change is necessary to Group accounting policies. Significant accounting judgements and key estimates The preparation of interim financial reports requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expense. Actual results may differ from these estimates. In preparing this interim report, the significant judgements made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial report for the year ended 31 December 2025. Going concern The interim financial statements have been prepared on the going concern basis, which contemplates continuity of normal business activities and the realisation of assets and settlements of liabilities in the ordinary course of business. As at 30 June 2026, the Group had available cash of $490,084 and a working capital surplus of $102,905. The Group recorded a loss of $972,831 and a net cash outflow from operating and financing activities of $784,724 for the period. The going concern basis is determined as being appropriate as at balance date as a result of the cashflow forecasts which the directors have relied upon which include the capital raising completed subsequent to balance date and raising further capital to fund future exploration programs. Based on the above, the Directors have reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable and the Directors consider that the going concern basis of preparation to be appropriate for the interim financial report. Should the forecasts not be achieved, there is a material uncertainty that may cast significant doubt as to whether the Company will continue as a going concern and, therefore, whether it will be able to realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report. 2. OPERATING SEGMENTS The Group considers that it has operated in the reportable segments of exploration and corporate. Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The chief operating decision maker is the Board, wh ich is responsible for allocating resources and assessing performance of the operating segments. The details of the operations within each Group segment are as follows: • Exploration – the Rolleston South Coal Project located in Queensland and the Pilbara Lithium projects located in Western Australia; and • Corporate – all other expenses not allocated to operating segments as they are not considered part of the core operation of any segment.
Page 19
Interim Financial Report for the six months ended 30 June 2026 Page 19 of 34 2. OPERATING SEGMENTS (Continued) Exploration Corporate Total Six-months ended Six-months ended Six-months ended Note 30-Jun-26 30-Jun-26 30-Jun-26 $ $ $ Other income - 44,644 44,644 Interest received - 8,587 8,587 Exploration and evaluation expenses (247,513) - (247,513) Administrative expenses 4(b) - (368,159) (368,159) Personnel expenses 4(c) (68,330) (336,681) (405,011) Foreign exchange (loss) - (1,742) (1,742) Interest expenses (3,638) (3,638) Movement in fair value of financial assets - - Loss before income tax expense (315,843) (656,988) (972,831) Income tax expense - - - Net loss for the year (315,843) (656,988) (972,831) Segment Assets - 652,019 652,019 Segment Liabilities - 540,255 540,255 Exploration Corporate Total Six-months ended Six-months ended Six-months ended Note 30-Jun-25 30-Jun-25 30-Jun-25 $ $ $ Interest received - 12,880 12,880 Exploration and evaluation expenses 4(a) (1,935,157) - (1,935,157) Administrative expenses 4(b) (2,711) (291,655) (294,366) Personnel expenses 4(c) (79,766) (244,028) (323,794) Foreign exchange gain (603) (12,814) (13,417) Movement in fair value of financial assets - (41,316) (41,316) Loss before income tax expense (2,018,237) (576,933) (2,595,170) Income tax expense - - - Net loss for the year (2,018,237) (576,933) (2,595,170) Segment Assets - 1,507,019 1,507,019 Segment Liabilities - 186,650 186,650
Page 20
Interim Financial Report for the six months ended 30 June 2026 Page 20 of 34 3. DIVIDENDS The Company did not pay or propose any dividends in the six months ended 30 June 2026. 4. PROFIT AND LOSS INFORMATION Six-months ended Six-months ended 30-Jun-26 30-Jun-25 $ $ a) Exploration & evaluation expenses Value of shared issued to acquire Resource Chain Pty Ltd deemed to be exploration and evaluation expenditure - (1,766,463) Other exploration and evaluation expenditure (247,513) (168,694) (247,513) (1,935,157) b) Administrative expenses Administration (43,602) (57,315) Consultancy and legal expenses (123,610) (78,254) Compliance and regulatory expenses (33,207) (31,270) Communication (49,293) (73,405) Depreciation and amortisation (44,381) - Occupancy (8,858) (16,457) Travel and accommodation (31,170) (8,733) Audit fees (34,038) (28,932) (368,159) (294,366) c) Personnel expenses Directors’ fees (82,143) (65,661) Employee expenses (209,168) (216,180) Bonuses - (7,773) Superannuation expenses (30,290) (24,024) Share-based payments (83,410) (10,156) (405,011) (323,794) 5. INCOME TAX Six-months ended Six-months ended 30-Jun-26 30-Jun-25 $ $ Loss before income tax (972,831) (2,595,170) Tax benefit at the 30% income tax rate 291,849 778,551 Income tax benefit not bought to account (291,849) (778,551) Income tax attributable to operating loss - -
Page 21
Interim Financial Report for the six months ended 30 June 2026 Page 21 of 34 6. LOSS PER SHARE Six-months ended Six-months ended 30-Jun-26 30-Jun-25 $ $ a) Basic loss per share attributable to the ordinary equity holders of the Company (cents per share) (0.12) (0.53) Net loss for the year attributable to the ordinary equity holders of the Company (972,831) (2,595,170) Number b) Weighted average number of shares on issue during the financial year used in the calculation of basic loss per share 631,254,869 490,660,993 7. TRADE AND OTHER RECEIVABLES As at As at 30-Jun-26 $ 31-Dec-25 $ Current Trade receivables 4,522 5,689 Other receivables 31,498 95,727 Prepayments 37,406 58,059 73,426 159,475 8. PROPERTY, PLANT & EQUIPMENT As at As at 30-Jun-26 $ 31-Dec-25 $ Plant and Equipment At cost 5,415 5,415 Accumulated depreciation (2,685) - 2,730 5,415 Six-months ended 30-Jun-2026 $ Year ended 31-Dec-25 $ Movement in carrying amount Balance at the beginning of the period 5,415 - Additions - 5,415 Depreciation (2,685) - Balance at the end of the period 2,730 5,415
Page 22
Interim Financial Report for the six months ended 30 June 2026 Page 22 of 34 9. RIGHT OF USE ASSET As at As at 30-Jun-26 $ 31-Dec-25 $ Non-current asset Right of use asset – office 54,149 45,559 Accumulated depreciation (44,888) (6,994) 9,261 38,565 Movement in right of use asset Opening balance 38,565 - Additions – right of use asset - 45,559 Sub-lease rental modification 12,392 - Depreciation charge (41,696) (6,994) 9,261 38,565 10. LEASE RECEIVABLE As at As at 30-Jun-26 $ 31-Dec-25 $ Current assets Lease receivable – current 60,409 52,591 Non-current assets Lease receivable – non-current 16,109 40,325 76,518 92,916 Movement in lease receivable Opening balance 92,916 - New sub-lease 16,088 101,926 Finance sub-lease income 9,677 4,040 Sub-lease payment received (42,163) (13,050) 76,518 92,916 Undiscounted minimum lease payment in respect of the lease receivables as follows: Less than 1 year 60,409 48,670 1-2 years 16,109 44,246 76,518 92,916
Page 23
Interim Financial Report for the six months ended 30 June 2026 Page 23 of 34 11. TRADE AND OTHER PAYABLES As at As at 30-Jun-26 $ 31-Dec-25 $ Trade creditors 373,730 209,374 Other payables and accruals 65,440 62,024 Employee annual leave provisions 8,647 72,220 447,817 343,618 12. LEASE LIABILITY As at As at 30-Jun-26 $ 31-Dec-25 $ Current liabilities Lease liability - current 73,197 69,625 Non-current liabilities Lease liability – non-current 19,241 56,751 92,438 126,376 Amount recognised in the Profit or Loss Interest on lease liability 3,638 1,367 Outgoings and other sundry costs 2,654 2,525 Amount recognised in the Statement of Cash Flows Payments for lease liability 37,572 12,524 13. PROVISIONS As at As at 30-Jun-26 $ 31-Dec-25 $ Provision for rehabilitation – current - 100,000 - 100,000 Rehabilitation works which had previously been provided for, were completed during the current period 14. SHARE CAPITAL a) Issued capital 30-Jun-26 30-Jun-26 31-Dec-25 31-Dec-25 Number of shares $ Number of shares $ Ordinary shares paid net of costs 839,463,804 56,968,509 839,463,804 56,968,509
Page 24
Interim Financial Report for the six months ended 30 June 2026 Page 24 of 34 14. SHARE CAPITAL (Continued) Reconciliation of movement in Issued capital Number of shares $ Balance at 1 January 2025 482,357,813 54,486,685 Issue of ordinary shares – Resource Chain purchase consideration 119,560,669 714,364 Issue of ordinary shares on conversion of Performance Rights – Resource Chain acquisition 86,045,322 516,272 Issue of ordinary shares on conversion of options 1,500,000 9,000 Issue of ordinary securities – placement 150,000,000 1,500,000 Capital raising and broker option fees - (257,812) Balance at 31 December 2025 839,463,804 56,968,509 Balance at 1 January 2026 839,463,804 56,968,509 - - Balance at 30 June 2026 839,463,804 56,968,509 b) Options over ordinary shares 30-Jun-26 31-Dec-25 31-Dec-25 Number of options Number of options Exercise price per option $ Outstanding at the beginning of the period 28,000,000 10,000,000 Granted – Unlisted options - 4,500,000 0.006 Granted – Unlisted options - 15,000,000 0.015 Converted – Unlisted options - (1,500,000) 0.006 Outstanding at the end of the period 28,000,000 28,000,000 Exercisable at the end of the period 28,000,000 28,000,000 Options granted carry no dividend or voting rights. When exercisable, each option is convertible into one ordinary share of the Company.
Page 25
Interim Financial Report for the six months ended 30 June 2026 Page 25 of 34 14. SHARE CAPITAL (Continued) c) Performance Rights over ordinary shares 30-Jun-26 31-Dec-25 Number of options Number of rights Outstanding at the beginning of the period 15,000,000 - Granted – Unlisted rights - 15,000,000 Granted – Unlisted rights - 86,045,322 Converted – Unlisted rights - (86,045,322) Outstanding at the end of the period 15,000,000 15,000,000 Exercisable at the end of the period 15,000,000 15,000,000 d) Capital management The Group’s objectives when managing capital is to safeguard its ability to continue as a going concern, so that it can provide returns for shareholders and benefits for other stakeholders and to maintain an optimum capital structure to reduce the cost of capital. The capital risk management policy remains unchanged from the 31 December 2025 Annual Report. As at As at 30-Jun-26 $ 31-Dec-25 $ Cash and cash equivalents 490,084 1,274,808 Trade and other receivables 73,426 159,475 Lease receivable - current 60,409 52,591 Trade and other payables (447,817) (343,618) Provision for rehabilitation - (100,000) Lease liability (73,197) (69,625) Working capital position 102,905 973,631 The Group has a number of financial instruments not measured at fair value on a recurring basis. The carrying value of these instruments is approximately their fair value. 15. RESERVES As at As at 30-Jun-26 $ 31-Dec-25 $ Share-based payments reserve (i) 978,434 895,024 978,434 895,024
Page 26
Interim Financial Report for the six months ended 30 June 2026 Page 26 of 34 15. RESERVES (Continued) Six months ended Year ended (i) Movement in Share-based payments reserve 30-Jun-26 31-Dec-25 $ $ Balance at the beginning of the period 895,024 716,665 Share-based payment expense 83,410 23,206 Broker options issued - 155,153 Balance at the end of the period 978,434 895,024 16. COMMITMENTS AND CONTINGENCIES a) Commitments As at As at 30-Jun-26 31-Dec-25 $ $ Not later than 12 months 373,334 291,167 Between 12 months and 5 years 168,000 1,267,334 541,334 1,558,501 The commitments are minimum exploration and rents for the Western Australian exploration licenses. b) Contingencies There are no contingent liabilities at 30 June 2026. 17. FINANCIAL INSTRUMENTS Financial Risk Management The Group is exposed to financial risks through the normal course of its business operations. The key risks impacting the Group’s financial instruments are considered to be foreign currency risk, liquidity risk, commodity price risk and credit risk. The Gr oup’s financial instruments exposed to these risks are cash and cash equivalents, trade and other receivables, trade payables and borrowings. The Managing Director and Chief Financial Officer monitor the Group’s risks on an ongoing basis and report to the Board. The Group currently does not use derivative financial instruments as part of its risk management process. (i) Foreign Currency risk The Group operates domestically within Australia and is exposed to foreign exchange risk arising from various currency exposures. The Group’s functional currency is Australian Dollars (“AUD” or $).
Page 27
Interim Financial Report for the six months ended 30 June 2026 Page 27 of 34 17. FINANCIAL INSTRUMENTS (Continued) Foreign exchange risk arises from future commercial transactions and recognised assets and liabilities that are denominated in a currency that is not the entity’s functional currency. The risk is measured using sensitivity analysis and cash flow forecasting. Management’s policy is to manage foreign exchange risk against the functional currency. Management manage foreign exchange risk by continuously monitoring forecasts and spot prices of foreign currency. The carrying amounts of the Group’s financial assets and liabilities are denominated in Australian Dollars except as set out below: As at As at 30-Jun-26 $ 31-Dec-25 $ Cash and cash equivalents held in USD - 32,944 - 32,944 Group sensitivity Based on the financial instruments held at 3 0 June 2026 , had the above currencies strengthened/weakened by 10% against the AUD with all other variables held constant, the Group's post tax loss for the year would have been no impact (31 December 202 5: $ 2,995 lower/$3,294 higher), mainly as a result of foreign exchange gains/losses on translation of financial instruments denominated in Canadian Dollars and Mexican Peso’s. There would have been no impact on other equity had the same currencies weakened/strengthened by 10% against the AUD. (i) Interest rate risk The Group do es not have any debt that may be affected by interest rate risk. Cash balances held by the group are subject to interest rate risk. Market risks (i) Share Price risk Share price risk is the risk of financial loss resulting from movements in the price of the Group’s financial assets. The Group’s primary exposure to share price risk arose performance of the Group. Liquidity risks Ultimate responsibility for liquidity risk management rests with the Board of Directors, who oversee a liquidity risk management framework for the management of the Group’s funding and liquidity management requirements. The Group manages liquidity risk by continuously monitoring forecast and actual cash flows and ensuring there are appropriate plans in place to finance these future cash flows.
Page 28
Interim Financial Report for the six months ended 30 June 2026 Page 28 of 34 17. FINANCIAL INSTRUMENTS (Continued) The totals for each category of financial instruments at 30 June 2026 were as follows: As at As at Financial assets and liabilities 30-Jun-26 $ 31-Dec-25 $ Financial assets Cash and cash equivalents 490,084 1,274,808 Trade and other receivables - current 73,426 159,475 Lease receivable 76,518 92,916 Total Financial Assets 640,028 1,527,199 Financial Liabilities Trade and other payables (447,817) (343,618) Lease liability (92,438) (126,376) Total Financial Liabilities (540,255) (469,994) The tables below analyse the Group’s financial liabilities into relevant maturity groupings based on the remaining period at the reporting date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows. Credit risk The Group’s maximum exposures to credit risk in relation to each class of recognised financial asset is the carrying amount of those assets as indicated in the Statement of financial position. Credit risk arises from the non -performance by counterparties o f contractual financial obligations. Credit risk arises from cash and cash equivalents, deposits with banks, credit exposures to any outstanding receivables and committed transactions. Management assesses the credit quality by taking into account financial position, past experience and other factors. For banks and financial institutions, management considers independent ratings. If there is no independent rating, risk control assesses the credit quality of the parties, taking into account its financial position, past experience and other factors. Less than 6 months Month than 6 months Total contractual Carrying amount of liabilities Financial liabilities $ $ $ $ As at 30 June 2026 Non-derivatives Non-interest bearing (447,817) - (447,817) (447,817) Interest bearing (36,599) (55,839) (92,438) (92,438) Total non-derivatives (484,416) (36,598) (540,255) (540,255) As at 31 December 2025 Non-derivatives Non-interest bearing (343,618) - (343,618) (343,618) Interest bearing (34,812) (91,564) (126,376) (126,376) Total non-derivatives (378,430) (34,813) (469,994) (469,994)
Page 29
Interim Financial Report for the six months ended 30 June 2026 Page 29 of 34 17. FINANCIAL INSTRUMENTS (Continued) The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognised financial assets, is the carrying amount, net of any provisions for impairment of those assets, as disclosed in the Statement of Financial Position and notes to the financial statements. (b) Fair value estimation The fair value of financial assets and financial liabilities must be estimated for recognition and measurement or for disclosure purposes. The fair values of the Group’s non-derivative financial assets and financial liabilities approximate their carrying values. Floating interest rate Fixed interest rate 1 year or less Non-interest bearing Total Weighted effective interest rate $ $ $ $ % At 30 June 2026 Financial assets Cash 448,632 - 41,452 490,084 Trade and other receivables - current - 73,426 73,426 Lease receivable current - 60,409 - 60,409 Total non-derivative financial assets 448,632 60,409 114,878 623,919 Financial liabilities Trade and other payables - - (447,817) (447,817) Lease liabilities current - (73,197) - (73,197) Total non-derivative financial liabilities - (73,197) (447,817) (521,014) At 31 December 2025 Financial assets Cash 1,222,237 - 52,571 1,274,808 1.97% Trade and other receivables - current - - 159,475 159,475 - Lease receivables - current - 52,591 - 52,591 Total non-derivative financial assets 1,222,237 52,591 212,046 1,486,874 Financial liabilities Trade and other payables - - (343,618) (343,618) - Lease liabilities - current - (69,625) - (69,625) Total non-derivative financial liabilities - (69,625) (343,618) (413,243)
Page 30
Interim Financial Report for the six months ended 30 June 2026 Page 30 of 34 18. EVENTS SUBSEQUENT TO BALANCE DATE Acquisition of Arcadia Coal Project Subsequent to the financial period-end, t he Group entered into a binding Share Sale and Purchase Agreement (SPA) to acquire a 100% interest in the Arcadia Coal Project in Central Queensland's Bowen Basin, via the acquisition of 100% of the issued capital of Northern Comet Resources Company. The purchase consideration of $2,200,000 was satisfied as part of a placement of 488,888,889 new fully paid ordinary shares at $0.0045 per share The acquisition will effectively double Yari’s JORC Mineral Resource Estimate to more than 500 million tonnes, advancing the Company’s strategic district-scale consolidation in the Rolleston coal district amid rising competition for resources within the tier -one Basin. The Arcadia Coal Project is located within the broader Rolleston coal district, regionally proximate to and separate from Yari's existing Rolleston South Coal Project (EPC 2318 and EPC 2327). It has a low upfront consideration with the majority of value linked to project milestones, initial commercial production and gross revenue royalty. The acquisition supports Yari's district -scale consolidation strategy in the Rolleston coal district, effectively doubling Yari’s coal resource in the world-class Bowen Basin. The purchase consideration for the acquisition consists of the following: • Upfront cash consideration of $50,000 paid within 3 days of executing the share purchase agreement. • Consideration shares of 147,594.744 ordinary fully paid shares in the Company, subject to shareholder approval. • A gross revenue royalty of 1.5% on coal produced and sold from the Arcadia tenements with a minimum of $400,000 qualifying expenditure within 3-year earn-in-period. • Milestone payments of up to $1,25 million payable in cash or shares at a 2% discount to the 10- day volume weighted average share price. • Success payment of up to $20 million over the first three years of commercial production. Capital Raise On 3 August 2026, the Company announced a fundraising exercise comprising of two tranches to raise $2,200,000 (before costs) through the issue of 488,888,889 fully paid ordinary shares at $0.0045 per share. On 11 August 2026, the Group issued 209,865,951 new fully paid ordinary shares at $0.0045 per share to raise $944,397 (before costs) under Tranche One. Under Tranches Two and subject to shareholder approval, the Company will issue 279,022,938 new fully pai d ordinary shares at $0.0045 per share to raise $1,255,603 (before costs), together with 488,888,889 listed free - attaching options exercisable at $0.0075 per share on or before 30 September 2028 (related to both the Tranche One and Tranche Two placements). CPS Capital Group Pty Ltd will act as Lead Manager and will receive a capital raising and management fee of 6% of gross proceeds raised and 44,000,000 options with the same terms as the above free-attaching options.
Page 31
Interim Financial Report for the six months ended 30 June 2026 Page 31 of 34 DIRECTORS’ DECLARATION In the directors’ opinion: (a) The financial statements and notes set out on pages 12 to 30 are in accordance with the Corporations Act 2001, including: (i) Complying with Australian Accounting Standard AASB 134 ‘ Interim Financial Reporting’, the Corporations Regulations 2001 and other mandatory professional reporting requirements, and (ii) Giving a true and fair view of the Group’s financial position as at 30 June 2026 and of its performance for the half-year ended on that date; and (b) There are reasonable grounds to believe that Yari Resources Limited will be able to pay its debts as and when they become due and payable. This declaration is made in accordance with a resolution of directors. Eduardo Robaina Non-executive Chairman Perth 10 September 2026
Page 32
Page 32 of 34 AUDITOR’S INDEPENDENCE DECLARATION As lead auditor for the review of the consolidated financial report of Yari Resources Limited (formerly Yari Minerals Limited) for the half-year ended 30 June 2026, I declare that to the best of my knowledge and belief, there have been no contraventions of: a) the auditor independence requirements of the Corporations Act 2001 in relation to the review; and b) any applicable code of professional conduct in relation to the review. Perth, Western Australia 10 September 2026 L Di Giallonardo Partner
Page 33
Page 33 of 34 INDEPENDENT AUDITOR’S REVIEW REPORT To the Members of Yari Resources Limited (formerly Yari Minerals Limited) Report on the Condensed Half-Year Financial Report Conclusion We have reviewed the half-year financial report of Yari Resources Limited (“the Company”) and its controlled entities ( “the Group”), which comprises the condensed consolidated statement of financial position as at 30 June 2026, the condensed consolidated statement of profit or loss and other comprehensive income, the condensed consolidated statement of changes in equity and the condensed consolidated statement of cash flows for the half -year ended on that date, selected explanatory notes, and the directors’ declaration, for the Group comprising the Company and the entities it controlled at the half-year end or from time to time during the half-year. Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the accompanying half-year financial report of Yari Resources Limited does not comply with the Corporations Act 2001 including: (a) giving a true and fair view of the Group’s financial position as at 30 June 2026 and of its performance for the half-year ended on that date; and (b) complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001. Basis for Conclusion We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity . Our responsibilit y is further described in the Auditor’s Responsibility for the Review of the Financial Report section of our report. We are independent of the Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accoun tants (including Independence Standards ) ( “the Code ”) that are relevant to audits of the financial report of public interest entities in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. Material Uncertainty Related to Going Concern We draw attention to Note 1 in the financial report, which indicates that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our conclusion is not modified in respect of this matter.
Page 34
Page 34 of 34 Responsibility of the Directors for the Financial Report The directors of the Company are responsible for the preparation of the half -year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the half-year financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. Auditor’s Responsibility for the Review of the Financial Report Our responsibility is to express a conclusion on the half-year financial report based on our review. ASRE 2410 requires us to conclude whether we have become aware of any matter that makes us believe that the half-year financial report is not in accordance with the Corporations Act 2001 including giving a true and fair view of the Group’s financial position as at 30 June 2026 and its performance for the half -year ended on that date, and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001. A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conduct ed in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Independence In conducting our review, we have complied with the independence requirements of the Corporations Act 2001. HLB Mann Judd L Di Giallonardo Chartered Accountants Partner Perth, Western Australia 10 September 2026