Announcement PDF Quarterly Report For the quarter ending 31 March 2025 MTM Critical Minerals Ltd ABN 27 645 885 463 Published: 14 April 2025 ASX: MTM; OTCQB:MTMCF Highlights MTM Critical Metals Ltd (ASX: MTM; OTCQB: MTMCF) is pleased to present its quarterly report for the period ending 31 March 2025. The quarter was marked by strong technical progress, major project milestones, and continued momentum in MTM’s mission to advance commercialisation of its proprietary Flash Joule Heating (FJH) technology. MOU WITH VEDANTA FOR RED MUD RECYCLING  Global Opportunity Secured: MTM signed a non-binding MOU with US$20B market cap Vedanta Ltd to explore Red Mud (bauxite residue) repurposing and metal recovery.  Stage 1 Success: FJH was used to remove iron from Vedanta’s Red Mud, producing a saleable ferric chloride product and rendering the material suitable for low-carbon cement applications. Stage 2: recover high-value metals like gallium, scandium, alumina, REEs, and titanium from the iron-reduced residue.  Massive Addressable Market: Red Mud stockpiles globally exceed 4 billion tonnes, a major opportunity for critical metals recovery. 1TPD DEMONSTRATION PLANT – COMMERCIALISATION ON TRACK  Process Design Finalised: KnightHawk Engineering completed the 1TPD plant process design, locking in key parameters to guide procurement and fabrication.  Site Selection Progressing: Discussions with industrial parks and economic authorities in Texas and the Gulf Coast are ongoing to secure a pre-permitted site.  Procurement Underway: Long-lead equipment orders underway, keeping operations on track for Q4 2025.  KnightHawk Alignment: KnightHawk Engineering has converted part of its success fee into MTM equity, demonstrating strong alignment with MTM’s long-term success. FJH TECHNOLOGY ADVANCEMENT IN RARE EARTHS PROCESSING  Breakthrough REE Processing Performance: Achieved high conversion of REEs to chlorides with >90% purity and ~95% impurity removal, validating a compact, single-step process offering a disruptive alternative to traditional methods.  Market-Ready REE Chlorides: Results demonstrate production of high-purity magnet REE chlorides (Nd, Pr, Dy, Tb) from monazite concentrate, significantly reducing downstream purification complexity and reagent usage. GALLIUM & GERMANIUM RECOVERY MILESTONE  Successful Recovery from metal refinery waste: MTM achieved ~90% Ga and ~80% Ge recovery rates using FJH with no acids, outperforming conventional recovery methods.  Strategic Relevance: The advancement positions MTM to address urgent U.S. supply chain vulnerabilities exacerbated by ongoing Chinese export restrictions.  Strategic Support: Testing was enabled by MTM’s partnership with Indium Corporation, strengthening the path to scaled deployment. Engage with us on our investor hub: https://investorhub.mtmcriticalmetals.com.au/announcements For the quarter ending 31 March 2025 2 MOU WITH VEDANTA FOR RED MUD RECYCLING In March, MTM signed a non-binding Memorandum of Understanding with Vedanta Ltd, a US$20B global metals conglomerate, to jointly explore Red Mud reprocessing using MTM’s proprietary FJH platform. Red Mud, a by-product of alumina refining, represents one of the largest untapped secondary sources of critical and industrial metals worldwide. Initial testing using Red Mud supplied by Vedanta demonstrated successful removal of iron oxides, producing a high-purity ferric chloride (FeCl3) by-product and significantly lowering the Fe:Al ratio of the residue. This transformed material meets specifications for use in green cement applications, offering an immediate circular economy pathway. Stage 2 of the program will focus on recovery of residual high-value elements including aluminium, gallium, titanium, scandium, and REEs. The partnership with Vedanta enhances MTM’s visibility in India, the world’s second-largest producer of alumina and cement. The collaboration also aligns with strong Indian government policy support for industrial waste reuse and decarbonisation. Future agreements may include technology licensing, offtake, and joint processing facilities. Figure 1: Repurposing of Red Mud into Valuable Products using FJH Technology 1TPD DEMONSTRATION PLANT – COMMERCIALISATION ON TRACK MTM made substantial progress in engineering and project development for its 1 tonne-per-day (TPD) FJH demonstration plant in Texas. The detailed process design was finalised in Q1 2025 in collaboration with engineering partner KnightHawk Engineering, locking in operational parameters and setting the stage for equipment procurement. Procurement of long-lead items began in March, with fabrication timelines and site preparation planning running in parallel. The plant remains on schedule for commissioning in Q4 2025. The demonstration facility will validate FJH at industrial scale across a range of feedstocks including REE concentrates, gallium/germanium scrap, and e-waste. Fig 2. Conceptual artist’s impression of the Core Process Area of the FJH Demonstration Plant For the quarter ending 31 March 2025 3 Site selection progressed significantly during the quarter, with MTM in discussions with multiple industrial landlords and economic development agencies across Texas and the broader Gulf Coast region. A shortlist of pre-permitted industrial sites has been identified with the goal of expediting deployment and minimising regulatory risk. A strong show of support came from KnightHawk Engineering, which agreed to convert part of its success fee into equity in MTM, demonstrating aligned commitment to the project’s success. The plant will serve as the centrepiece of MTM’s commercialisation strategy and a launch platform for offtake, licensing, and strategic partnerships. FJH TECHNOLOGY ADVANCEMENT IN RARE EARTHS PROCESSING MTM achieved a significant technical milestone this quarter in rare earth element (REE) processing, delivering a 93% conversion rate of REEs to water-soluble chlorides and achieving product purities exceeding 90%. This was coupled with a 95% reduction in key impurities such as iron, aluminium, and phosphorus. The optimised FJH process now provides a streamlined, single-step alternative to traditional sulphuric acid cracking methods, which are energy- and reagent-intensive and produce large volumes of waste. This latest development demonstrates MTM’s capacity to produce market-ready, high-purity REE chlorides directly from monazite concentrate using proprietary FJH processing using chlorine gas and other additives. The process has shown to be effective for high-value magnet REEs like neodymium, praseodymium, dysprosium, and terbium, essential inputs for electric vehicles, wind turbines, and military applications. The FJH technology offers a platform for rare earth refining with potentially significantly reduced water use, reagent consumption, and environmental footprint. Discussions with potential downstream users and industry partners are underway to explore adoption. Figure 3: Simplified flowsheet comparison of conventional vs FJH process for treating monazite REE concentrate1 1 Gupta, C.K. & Krishnamurthy, N., 2005. Extractive Metallurgy of Rare Earths. CRC Press, Boca Raton, FL For the quarter ending 31 March 2025 4 GALLIUM & GERMANIUM RECOVERY MILESTONE MTM’s delivered a major breakthrough in the sustainable recovery of gallium and germanium, two strategic technology metals critical for semiconductors, photovoltaics, and defence electronics. Using the FJH platform, the company achieved ~90% gallium and ~80% germanium recoveries from semiconductor manufacturing waste without the use of toxic acids. These results mark a step-change from conventional methods, which rely on hydrometallurgical or pyrometallurgical processes that are costly, hazardous, and limited in selectivity. MTM’s process enables direct volatilisation and capture of critical metals using dry chlorination and proprietary catalyst systems, offering a safer, more cost-effective recycling route. The test work was carried out on ultra-high-grade feedstocks sourced through MTM’s partnership with Indium Corporation, a leading U.S.based technology metals supplier. This collaboration continues to serve as a strong foundation for downstream scale-up and commercialisation. With China controlling the majority of global gallium and germanium supply and recent export controls causing further supply instability, MTM’s breakthrough positions it to fill a critical gap in the U.S. and allied supply chains. Follow-on work will target process optimisation, expansion to include indium and bismuth recovery, and design of pilot-scale systems. Figure. 4: Conceptual flowsheet for Ga, Ge testwork employed For the quarter ending 31 March 2025 5 Mineral Exploration West Arunta Niobium & Rare Earths Project Western Australia, Australia The West Arunta Nb-REE Project comprises three exploration licences totalling 140km2 immediately adjacent to tenements held by WA1 Resources Ltd (ASX:WA1) near the Luni Carbonatite Discovery and the P2 Carbonatite Discovery; and Encounter Resources Ltd (ASX:ENR) where Nb-REE mineralised carbonatites have recently been discovered. The Company’s West Arunta tenements lie with an Aboriginal Reserve and the Native Title and Heritage approvals for these areas follow a very prescribed process. All on-ground exploration activities (including airborne surveys) and access to the tenements are prohibited unless heritage agreements are in place and statutory approvals are granted. The Company and its consultants are working to progress these agreements and approvals. Mukinbudin Niobium & Rare Earths Project Western Australia, Australia The Mukinbudin Nb-REE Project comprises two exploration licences (E70/6048 and E70/6359) located 250km northeast of Perth in the South West Mineral Field of Western Australia. The Company did not undertake any activities on the project during the quarter. The Company is currently assessing strategic options for this project. East Laverton Rare Earths Project Western Australia, Australia The East Laverton Project covers 1,900km2 in the prolific Eastern Goldfields region of Western Australia and hosts an emerging district-scale REE mineralisation opportunity at Point Kidman in the north of the project as well as gold and base metals anomalies at Seahorse in the south. During the quarter, drill hole rehab was carried out at the East Laverton project. The Company is currently assessing strategic options for this project and reviewing historical data with regards to the previous gold discoveries. Mt Monger Project Western Australia, Australia The Mt Monger Gold Project is centred approximately 45km east-northeast of Kambalda and 70km to the southeast of Kalgoorlie-Boulder, within the Goldfields Region of Western Australia. The project comprises seven granted exploration licences and three granted prospecting licences, covering an area of about 80km2. No fieldwork was completed at the Mt Monger project during the quarter. The Company is currently assessing strategic options for this project. Pomme Rare Earths-Niobium Project Québec, Canada The Pomme REE-Nb Project is a known mineralised carbonatite intrusion located in south-western Québec, Canada. The Project has exceptional results from a maiden diamond drilling program that was completed in 2023, which has confirmed the widespread presence of carbonatite-hosted REE and Nb mineralisation, locally extending to 500 metres below surface and open at depth. For the quarter ending 31 March 2025 6 MTM entered into a binding option agreement with Geomega Resources, Inc. (Geomega) to acquire a 100% interest in the Pomme claims located in Québec, Canada in February 2023. The Pomme Project is located adjacent to the world-class Montviel REE-Nb deposit (owned by Geomega), that has a defined total indicated and inferred resource of 266 million tonnes (Mt) @ 1.45% TREO & 0.14% Nb2O5. The diamond drilling program previously completed on the Pomme Project has met the current exploration expenditure requirements of the option agreement with Geomega. Statutory reports on the drilling and associated activities were completed and submitted to the Quebec Ministère des Ressources naturelles et des Forêts (MRNF) during the reporting period. The Company is currently assessing strategic options for this project. An agreement has been reached with Geomega to extend the option to complete the acquisition of this project by 9 months (21 October 2025). Corporate Cash Position At 31 March 2025, cash at bank totalled ~$10.0 million. During the quarter, $901,000 was spent on Operating Activities, which included $379,000 relating to staff costs and $398,000 in administration and corporate costs. $1,554,000 was spent on Investing Activities, comprising: ‒ $1,212,000 of expenditure on the Flash Joule Heating (FJH) project, including payments to Rice University for license and research fees and engineering design for the 1TPD demonstration plant, ‒ $88,000 on equipment relating to the FJH project, and ‒ $254,000 on capitalised exploration activities across MTM’s projects in Canada and Australia. The Company finalised the placement of 51,724,138 shares at a price of $0.145 to raise $7.5 million (before costs) which was completed on 7 January 2025. During the quarter, 345,012 shares were issued to KnightHawk Engineering at a price of $0.275 which were issued in lieu of milestone fees payable for completion of the design phase of the 1 ton per day FJH pilot plant. ASX Additional Information Exploration Activities ASX Listing Rule 5.3.1: Total exploration expenditure for the March 2025 quarter was $254,000 (refer Item 2.1(d) of the accompanying Appendix 5B), which included tenement costs and project exploration work across both Australian and Canadian assets. Mine Production Activities ASX Listing Rule 5.3.2: There were no mine production or development activities conducted during the Quarter. Payments to Related Parties ASX Listing Rule 5.3.5: The aggregate amount of payments to related parties and their associates for the March quarter was $170,000 (refer Item 6 of the accompanying Appendix 5B), comprising director fees and salaries ($141,000) and payments to Rockford Partners for office and administrative services ($29,000) For the quarter ending 31 March 2025 7 Tenement Interests Project location Tenement Reference Status Equity at 31 December 2024 Equity at 31 March 2025 E 25/525 Live 100% 100% E 25/531 Live 100% 100% E 25/532 Live 100% 100% E 25/536 Live 100% 100% E 25/562 Live 80% 80% E 25/565 Live 100% 100% E 25/603 Live 100% 100% P 25/2489 Live 100% 100% P 25/2490 Live 100% 100% P 25/2568 Dead 80% 0% E 38/3302 Live 100% 100% E 38/34621 Live 51% 51% E 38/3466 1 Live 51% 51% E 38/34991 Live 51% 51% E 38/3506 Dead 100% 0% Surrendered E 38/3507 Dead 100% 0% Surrendered E 38/3510 Dead 100% 0% Surrendered E 38/3511 Dead 100% 0% Surrendered E 38/3765 Live 100% 100% E 80/5858 Live 100% 100% E 80/5874 Live 100% 100% E 80/5875 Live 100% 100% E 70/6048 Live 100% 100% E 70/6359 Live 100% 100% Changes during the quarter AUSTRALIA Western Australia Mt Monger Project East Laverton Project West Arunta Project Mukinbudin Project Surrendered 1 Tevel Pty Ltd (Tevel) is the registered holder of E38/3462, E38/3466 and E38/3499; MTM has entered into a Farm-In agreement with Tevel to earn up to a 75% interest in the tenements. Project location Claim Title # Status Equity at 31 March 2024 Equity at 31 March 2025 CDC121 CDC122 CDC1005980 CDC1005982 CDC1005983 CDC2234423 CDC2234424 CDC2234425 CDC2234426 CDC2234427 CDC2234428 CDC2234429 Live Live Live Live Live Live Live Live Live Live Live Live - - CANADA Quebec Pomme Project Changes during the quarter For the quarter ending 31 March 2025 Project location 8 Claim Title # Status CDC2234430 CDC2234431 CDC2234432 CDC2234433 CDC2240300 CDC2240301 CDC2240302 CDC2240303 CDC2240304 CDC2240305 CDC2240306 CDC2240307 CDC2240309 CDC2240310 CDC2240311 CDC2240312 CDC2240313 CDC2458316 CDC2458327 CDC2458328 CDC2458329 CDC2458330 CDC2458331 CDC2458332 CDC2458333 CDC2458334 CDC2458345 CDC2458346 CDC2458349 CDC2522460 CDC2598360 CDC2754413 CDC2754414 CDC2757444 CDC2757445 CDC2757446 CDC2784081 CDC2784082 Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Live Equity at 31 March 2024 100% 100% 100% 100% 100% 100% 100% Equity at 31 March 2025 100% 100% 100% 100% 100% 100% 100% Changes during the quarter Geomega Resources Inc is the registered holder of the Pomme claims that are not held by MTM. MTM has entered into option agreements with Geomega to earn up to a 100% interest in these claims. For the quarter ending 31 March 2025 9 Company Profile MTM Critical Metals Limited, is an ASX & OTCQB-listed company with management teams in Perth, Western Australia, and Texas, USA, and specialises in advanced metal recovery technologies. MTM’s 100%-owned USA subsidiary Flash Metals USA Inc is based in Texas, USA. MTM possess exclusive licensing rights to the innovative Flash Joule Heating technology, a cutting-edge metal recovery and mineral processing method developed by esteemed researchers at Rice University, USA. Additionally, MTM holds exploration assets prospective for niobium (Nb), rare earth elements (REE), and gold, strategically located in Western Australia and Québec.  Flash Joule Heating (FJH) is an advanced electrothermal process that enhances metal recovery and mineral processing compared to traditional methods. By rapidly heating materials in a controlled atmosphere, FJH efficiently extracts metals like lithium from spodumene, gallium from scrap, and gold from e-waste, among others. This technology has the potential to revolutionise metal recovery by reducing energy consumption, reagent use, and waste, offering a more economical and environmentally friendly alternative.  MTM’s West Arunta Nb-REE exploration assets are situated in one of Australia’s premier exploration hotspots, where over $60 million has been invested by ASX-listed companies such as WA1 Resources, Encounter Resources, Rio Tinto (in JV with Tali Resources), and IGO Limited. MTM also holds tenements in other key mineral regions across Western Australia, including the Mukinbudin NbREE Project, East Laverton Gold & Base Metals Project, and Mt Monger Gold Project. In Québec, the Pomme Project is a highly promising carbonatite intrusion rich in REE and niobium, located near the world-class Montviel deposit. To learn more, visit: Website: https://www.mtmcriticalmetals.com.au/ MTM’s Investor Hub: https://investorhub.mtmcriticalmetals.com.au/ Important Notices Competent Person’s Statement The information in this announcement that relates to Exploration Results is based on and fairly represents information compiled by Mr Lachlan Reynolds. Mr Reynolds was the Chief Executive Officer of MTM Critical Metals Limited and is a member of both the Australasian Institute of Mining and Metallurgy and the Australasian Institute of Geoscientists. Mr Reynolds has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Reynolds consents to the inclusion in this announcement of the matters based on information in the form and context in which they appear. Previous Disclosure The information in this announcement is based on the following MTM Critical Metals Limited (formerly Mt Monger Resources Limited) ASX announcements, which are all available from the MTM Critical Metals Limited website www.mtmcriticalmetals.com.au and the ASX website www.asx.com.au. The following announcements were lodged on the ASX Market Announcements Platform during the quarter: Date Description 8/01/2025 Further Breakthrough Efficiency Gains in Rare Earth Processing 29/01/2025 Excellent Progress on US-Based Technology Demonstration Plant 12/02/20258 Breakthrough in Gallium & Germanium Recovery 3/03/2025 MTM Completes Key Engineering Phase for Technology Demonstration Plant 13/03/2025 MTM to Partner with Major Mining Company Vedanta on Alumina Waste Recycling The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcements and that all material assumptions and technical parameters underpinning the relevant ASX announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are represented have not been materially modified from the original ASX announcements. Cautionary Statement Regarding Values & Forward-Looking Information The figures, valuations, forecasts, estimates, opinions and projections contained herein involve elements of subjective judgment and analysis and assumption. MTM Critical Metals does not accept any liability in relation to any such matters, or to inform the Recipient of any matter arising or coming to the company’s notice after the For the quarter ending 31 March 2025 10 date of this document which may affect any matter referred to herein. Any opinions expressed in this material are subject to change without notice, including as a result of using different assumptions and criteria. This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “expect”, and “intend” and statements than an event or result “may”, “will”, “should”, “could”, or “might” occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. MTM Critical Metals undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. The Recipient should not place undue reliance upon forward-looking statements. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of MTM Critical Metals from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. MTM Critical Metals, its affiliates, directors, employees and/or agents expressly disclaim any and all liability relating or resulting from the use of all or any part of this document or any of the information contained herein. This announcement has been authorised for release by the Board of Directors. For further information, please contact: Michael Walshe Managing Director & Chief Executive Officer MTM Critical Metals Ltd +61 (0)8 6391 0112 info@mtmcriticalmetals.com.au Appendix 5B Oil and Gas Exploration Entity Quarterly Report Rule 5.5 ACN 645 885 463 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity MTM CRITICAL METALS LIMITED ABN Quarter ended (“current quarter”) 27 645 885 463 31 March 2025 Consolidated statement of cash flows 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for Current quarter A$’000 Year to date (9 months) $’000 - - - - (a) exploration & evaluation (if expensed) (b) development (176) (399) (c) production - - (d) staff costs (379) (1,021) (e) administration and corporate costs (398) (1,188) - - 43 58 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Research and development refunds - - 1.8 Other (provide details if material) 8 0 1.9 Net cash from / (used in) operating activities (901) (2,550) ASX Listing Rules Appendix 5B (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms. Page 1 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 2. Cash flows from investing activities 2.1 Payments to acquire or for: 2.2 Current quarter A$’000 Year to date (6 months) $’000 (a) entities - - (b) tenements (see item 10) - - (c) property, plant and equipment (88) (124) (d) exploration & evaluation (if capitalised) (254) (411) (e) investments - - (f) other non-current assets (1,212) (4,020) Proceeds from the disposal of: (a) entities - - (b) tenements (see item 10) - - (c) property, plant and equipment - - (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (provide details if material) - - 2.6 Net cash from / (used in) investing activities (1,554) (4,554) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 7,595 15,668 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities (518) (1,053) 3.5 Proceeds from borrowings (2,080) (2,080) 3.6 Repayment of borrowings 2,080 2,080 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (provide details if material) - - 3.10 Net cash from / (used in) financing activities 7,077 14,616 ASX Listing Rules Appendix 5B (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows Current quarter A$’000 Year to date (6 months) $’000 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 5,383 2,493 4.2 Net cash from / (used in) operating activities (item 1.9 above) (901) (2,550) Net cash from / (used in) investing activities (item 2.6 above) (1,554) (4,554) Net cash from / (used in) financing activities (item 3.10 above) 7,077 14,616 - 10,005 4.3 4.4 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period 10,005 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 $’000 Previous quarter $’000 5.1 Bank balances 10,005 5,383 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) 10,005 5,383 6. Payments to director of the entity and their associates Current quarter $'000 6.1 Aggregate amount of payments to directors and their associates included in item 1 (170) 6.2 Aggregate amount of payments to directors and their associates included in item 2 - 6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2 Explanation regarding the transactions included in items 6.1 above: Director Fees paid - $141k Payment to Rockford Partners for office services including accounting and admin support - $29k Explanation regarding the transactions included in items 6.2 above: N/A ASX Listing Rules Appendix 5B (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms. Page 3 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report 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 $’000 Amount drawn at quarter end $’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. 8. Estimated cash available for future operating activities 8.1 Net cash from / (used in) operating activities (Item 1.9) (901) 8.2 Capitalised exploration & evaluation (Item 2.1(d)) (254) 8.3 Total relevant outgoings (Item 8.1 + Item 8.2) (1,155) 8.4 Cash and cash equivalents at quarter end (Item 4.6) 10,005 8.5 Unused finance facilities available at quarter end (Item 7.5) 8.6 Total available funding (Item 8.4 + Item 8.5) 8.7 Estimated