Announcement PDF All Registry communications to: Automic Group GPO Box 5193 Sydney NSW 2001 Telephone (free call within Australia): 1300 288 664 ASX Code: EQR Email: hello@automicgroup.com.au 30 September 2025 Upcoming General Meeting of Shareholders Dear Shareholder, EQ Resources Limited ACN 115 009 106 (ASX: EQR or “the Company”), advises that an Extraordinary General Meeting (EGM) will be held via a webinar conferencing facility on Friday, 31 October 2025 at 3.30pm (AEDT) (Meeting). Notice of Meeting The Notice of Meeting and Explanatory Memorandum (Notice) for the Meeting is available online and can be viewed and downloaded by shareholders of the Company (Shareholders) from the Company’s website at https://eqresources.com.au/site/invest-in-us/asx-announcements or the Company's ASX market announcements platform at www.asx.com.au (ASX: EQR). In accordance with sections 110C-110K of the Corporations Act 2001 (Cth) (as inserted by the Treasury Laws Amendment (2021 Measures No.1) Act 2021 (Cth), Shareholders will not be sent a hard copy of the Notice or Proxy Form unless Shareholders have already notified the Company that they wish to receive documents such as the Notice and Proxy Form in hard copy. Voting by Proxy Online scan the QR code below using your smartphone Lodge the Proxy Form online at https://investor.automic.com.au/#/loginsah by following the instructions: 1. Login to the Automic website using the holding details as shown on the Proxy Form. 2. Click on ‘View Meetings’ – ‘Vote’. To use the online lodgment facility, Shareholders will need their holder number (Securityholder Reference Number (SRN) or Holder Identification Number (HIN)) as shown as shown at the top of your holding statement. For further information on the online proxy lodgment process, or if you require a hard copy Proxy Form, please contact the Company’s Share Registry, Automic Registry Services (Automic), at meetings@automicgroup.com.au or via phone on 1300 288 664 (within Australia) or +61 2 9698 5414 (overseas). Shareholder queries in relation to the Meeting Shareholders can contact the Company Secretary with any questions prior to the meeting via email at melanie.leydin@vistra.com. Copies of all Meeting related material including the Notice, are available to download from the Company’s website and the Company's ASX market announcements platform. In the event it is necessary or appropriate for the Company to make alternative arrangements for the Meeting, information will be provided to Shareholders via the ASX and the Company’s website. Authorised for ASX release by the Company Secretary. resourcing the new economy for a better tomorrow EQ RESOURCES LIMITED ABN 77 115 009 106 Notice of Extraordinary General Meeting Explanatory Statement and Proxy Form Date of Meeting: Friday, 31 October 2025 Time of Meeting: 3:30pm (AEDT) Location: Held virtually via webinar https://vistra.zoom.us/webinar/register/WN_F60qPrI4RoWPOsE7NVFI5g The business of the Meeting affects your shareholding and your vote is important. This Notice of Extraordinary General Meeting (Explanatory Statement and Proxy Form) should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting. 1 EQ RESOURCES LIMITED ABN 77 115 009 106 Registered office: Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC 3000 Notice is hereby given that a meeting of Shareholders of EQ Resources Limited (the “Company” or “EQR”) will be held virtually via a webinar conferencing facility on Friday, 31 October 2025 at 3:30pm (AEDT) (“Extraordinary General Meeting”, “EGM” or “Meeting”). Virtual Attendance Shareholders are encouraged to submit their proxies as early as possible, and in any event, prior to the cut-off date for proxy voting as set out in this Notice. To lodge your proxy, please follow the directions on your personalised Proxy Form which will be delivered to you by email or post (depending on your communication preferences). Shareholders attending the EGM will be able to ask questions and the Company has made provision for Shareholders who register their attendance before the start of the meeting to also cast their votes on the proposed resolutions at the EGM. The virtual meeting can be attended using the following details: When: Friday, 31 October 2025 at 3:30pm (AEDT) Topic: EQ Resources Limited Extraordinary General Meeting Register in advance for the virtual meeting: https://vistra.zoom.us/webinar/register/WN_F60qPrI4RoWPOsE7NVFI5g After registering, you will receive a confirmation email containing information about joining the meeting. As noted previously, the Company strongly recommends Shareholders lodge a directed proxy as soon as possible in advance of the Meeting even if they are planning to attend the Meeting online. The Company will conduct a poll on each Resolution presented at the Meeting. The Company will accept questions during the Meeting either by submitting a question through the Q&A box or by using the raise hand function located on screen. The Company will respond to the Q&A box questions or allow Shareholders to ask their question verbally. The Company is happy to accept and answer questions submitted prior to the Meeting by email to melanie.leydin@vistra.com. The Company will address relevant questions during the Meeting or by written response after the Meeting (however, the Company will use its discretion when responding to unreasonable and/or offensive questions). Any Shareholders who wish to attend the EGM online should therefore monitor the Company’s website and its ASX announcements for any updates about the EGM. If it becomes necessary or appropriate to make alternative arrangements for the holding of, or conducting, the Meeting, the Company will make further information available through the ASX website at asx.com.au (ASX: EQR) and on its website https://www.eqresources.com.au/site/invest-in-us/investor-welcome. 2 AGENDA The Explanatory Statement and Proxy Form which accompany and form part of this Notice include defined terms and describe in more detail the matters to be considered. Please consider this Notice, the Explanatory Statement, and the Proxy Form in their entirety. ORDINARY BUSINESS Resolution 1: Approval to issue Placement Shares to Oaktree Capital Management L.P. To consider and, if thought fit, to pass the following resolution as an ordinary resolution: "That, for the purposes of ASX Listing Rule 10.11 and for all other purposes, Shareholders approve the issue of 132,879,398 Shares, to Oaktree Capital Management L.P. (or their nominees) on the terms and conditions set out in the Explanatory Statement.” Resolution 2: Approval to Issue 113.8 million options to the Lead Managers in connection with the Placement (or their nominee(s)) To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 7.1 and for all other purposes, approval be given to grant up to 113,800,000 Unlisted Options in the Company to the Lead Managers (Canaccord Genuity (Australia) Limited and Henslow Pty Ltd), or their nominee(s), of the Share Placement announced on 3 September 2025, on the terms and conditions set out in the Explanatory Statement accompanying the Notice of Meeting.” Resolution 3: Ratification of Placement Shares To consider and, if thought fit, to pass the following resolution as an ordinary resolution: "That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, Shareholders ratify the issue of 114,285,719 Shares on 11 July 2025 and 570,245,602 on 9 September 2025 to 708 investors, on the terms and conditions set out in the Explanatory Statement.” Dated: 30 September 2025 By order of the Board Melanie Leydin Company Secretary 3 Notes 1. Entire Notice: The details of the resolutions contained in the Explanatory Statement and proxy form accompanying this Notice should be read together with, and form part of, this Notice. 2. Record Date: The Company has determined that, for the purposes of the EGM, shares will be taken to be held by the persons who are registered as holding the shares at 7:00pm on the date 48 hours before the date of the EGM. Only those persons will be entitled to vote at the EGM and transfers registered after that time will be disregarded in determining entitlements to attend and vote at the EGM. 3. Proxies a. b. c. d. e. f. g. h. i. Votes at the EGM may be given personally or by proxy, attorney, or representative. Each Shareholder has a right to appoint one or two proxies. A proxy need not be a Shareholder of the Company. If a Shareholder is a company, it must execute under its common seal, or otherwise, in accordance with its constitution or the Corporations Act. Where a Shareholder is entitled to cast two or more votes, the Shareholder may appoint two proxies and may specify the proportion or number of votes each proxy is appointed to exercise. If a Shareholder appoints two proxies, and the appointment does not specify the proportion or number of the Shareholder’s votes, each proxy may exercise half of the votes. If a Shareholder appoints two proxies, neither proxy may vote on a show of hands. A proxy must be signed by the Shareholder or his or her attorney who has not received any notice of revocation of the authority. To be effective, Proxy Forms must be received by the Company’s share registry, Automic Pty Ltd, no later than 48 hours before the commencement of the EGM, i.e. no later than Wednesday, 29 October 2025 at 3:30pm (AEDT). Any proxy received after that time will not be valid for the scheduled meeting. Voting by Proxy - Proxies can be lodged: (i) by post to Automic Pty Ltd, GPO Box 5193, Sydney, NSW; (ii) in person to Automic Pty Ltd, Level 5, 126 Philip Street, Sydney NSW 2000; (iii) by facsimile to +61 2 8583 3040 (iv) online by going to https://investor.automic.com.au/#/loginsah or by scanning the QR code found on your Proxy Form with your mobile device; or (v) for Intermediary Online subscribers only (custodians), please visit www.intermediaryonline.com to submit your voting intentions. For further information on the online proxy lodgment process, or if you require a hard copy Proxy Form, please contact the Company’s Share Registry, Automic Registry Services (Automic), at meetings@automicgroup.com.au or via phone on 1300 288 664 (within Australia) or +61 2 9698 5414 (overseas). 4. Corporate Representative Any corporate Shareholder who has appointed a person to act as its corporate representative at the EGM should provide that person with a certificate or letter executed in accordance with the Corporations Act authorising him or her to act as that company’s representative. The authority may be emailed to the Company and/or registry in advance of the EGM. 5. How the Chair will vote Undirected Proxies Subject to the restrictions set out in Note 6 below, the Chair of the EGM will vote undirected proxies in favour of all the proposed resolutions. 6. Voting Exclusion Statement: Resolution 1 The Company will disregard any votes cast in favour of Resolution 1 by Oaktree Capital Management L.P. (Oaktree) (or their nominee(s)) and any other person who will obtain a material benefit as a result of the issue of securities (except a benefit solely derived as a holder of Shares in the entity) or any associates of that person or those persons. 4 However, this does not apply to a vote cast in favour of the Resolution by: a) b) a person/entity as a proxy or attorney for a person/entity who is entitled to vote on the resolution, in accordance with directions given to the proxy or attorney to vote on the resolution in that way; or a holder acting solely in a nominee, trustee, custodial, or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: i. the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the resolution; and ii. the holder votes on the resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Resolution 2 The Company will disregard any votes cast in favour of Resolution 2 by Canaccord Genuity (Australia) Limited and Henslow Pty Ltd (or their nominee(s)) and any other person who will obtain a material benefit as a result of the issue of securities (except a benefit solely derived as a holder of Shares in the entity) or any associates of that person or those persons. However, this does not apply to a vote cast in favour of the Resolution by: a) a person/entity as a proxy or attorney for a person/entity who is entitled to vote on the resolution, in accordance with directions given to the proxy or attorney to vote on the resolution in that way; or b) a holder acting solely in a nominee, trustee, custodial, or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: i. the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the resolution; and ii. the holder votes on the resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Resolution 3 The Company will disregard any votes cast in favour of Resolution 3 by the 708 investors (or their nominee(s)) who participated in the placement and any other person who will obtain a material benefit as a result of the issue of securities (except a benefit solely derived as a holder of Shares in the entity) or any associates of that person or those persons. However, this does not apply to a vote cast in favour of the Resolution by: a) b) 7. a person/entity as a proxy or attorney for a person/entity who is entitled to vote on the resolution, in accordance with directions given to the proxy or attorney to vote on the resolution in that way; or a holder acting solely in a nominee, trustee, custodial, or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: i. the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the resolution; and ii. the holder votes on the resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Enquiries Shareholders are invited to contact the Company Secretary on +61(3) 9692 7222 if they have any queries in respect of the matters set out in this Notice. 5 EXPLANATORY STATEMENT Purpose of Information This Explanatory Statement (“Statement”) accompanies and forms part of the Company’s Notice of EGM (“Notice”) which will be held at 3:30pm (AEDT) on Friday, 31 October 2025, via a video-conferencing facility. The Notice incorporates, and should be read together, with this Statement. ORDINARY BUSINESS Background to Resolutions 1 & 2 On 3 September 2025, the Company announced that it had received firm commitments for a placement to institutional and sophisticated investors to raise $22.5 million, before costs (Placement). New shares to be issued as part of the Placement were to be issued at a price of $0.032 (3.2 cents) per share (New Share). The Placement Offer Securities comprises the following: (a) The issue of Offer Securities utilising the Company’s remaining capacity under listing rules 7.1, 330,000,000 Ordinary Shares, and 7.1A, 240,245,602 Ordinary Shares, (Tranche 1); for which approval is sought under Resolution 3 and; (b) The issue of the balance of the Offer Securities is subject to shareholder approval under listing rule 10.11 for which approval will be sought as outlined in Resolution 1. Proceeds from the Placement will be used to support Mt Carbine production and growth initiatives, creditor management and improvement of debt position, working capital and Placement costs. A total of 570.246 million New Shares were issued under Tranche 1 utilising EQR’s current placement capacity and were issued on Tuesday, 9 September 2025. The Placement was conducted by Canaccord Genuity (Australia) Limited and Henslow Pty Ltd. In addition to the 2% management fee (calculated on the total gross amount of funds raised under the Placement) and a 4% capital raising fee (calculated on the total gross amount of funds raised under the Placement less the funds to be raised from Oaktree, the Company’s largest shareholder) , the Company agreed to issue the Lead Managers a total of 113.8 million options, with 56.9 million options to be exercisable at $0.0448 and 56.9 million options to be exercisable at $0.0512 and expiring 3 years from date of issue (Lead Manager Options). The Lead Manager Options are to be split between the Lead Managers on a 60:40 ratio (Canaccord: Henslow). The issue of the Lead Manager Options is contingent upon shareholder approval as outlined in Resolution 2. The issue of 132,879,398 New Shares to Oaktree is contingent upon shareholder approval as outlined in Resolution 1. Resolution 1 – Approval to Issue September 2025 Placement Shares to Oaktree Capital Management L.P. Background Oaktree Capital Management L.P. (Oaktree), an institutional investor and substantial Shareholder in the Company, agreed to participate in the Placement, subject to the required Shareholder approval of the New Shares. Oaktree has committed to contribute the Company the funds associated with the placement participation (key terms noted below) in the amount of $4.25 million via the Share Placement with an issue price of $0.032 (3.2 cents) per share.In August 2025, EQR executed an agreement with Oaktree for a 2.5% NSR royalty on the Saloro operation, the grant of the royalty being subject to conditions (i.e. shareholder approval). Oaktree advanced US$7.5m as a pre-royalty loan. The Company intends to reduce the pre-royalty loan by A$4.25M utilising funds received from Oaktree’s A$4.25M participation in the Placement. Any NSR royalty grant will be reduced proportionately. The Company is therefore seeking shareholder approval pursuant to ASX Listing Rule 10.11 for the issue of 132,879,398 New Shares at an issue price of $0.032 (3.2 cents). ASX Listing Rules Requirements 6 Listing Rule 10.11 provides that unless one of the exceptions in Listing Rule 10.12 applies, a listed company must not issue or agree to issue equity securities to: 10.11.1 a related party; 10.11.2 a person who is, or was at any time in the 6 months before the issue or agreement, a substantial (30%+) holder in the company; 10.11.3 a person who is, or was at any time in the 6 months before the issue or agreement, a substantial (10%+) holder in the company and who has nominated a director to the board of the company pursuant to a relevant agreement which gives them a right or expectation to do so; 10.11.4 an associate of a person referred to in Listing Rules 10.11.1 to 10.11.3; or 10.11.5 a person whose relationship with the company or a person referred to in Listing Rules 10.11.1 to 10.11.4 is such that, in ASX’s opinion, the issue or agreement should be approved by its shareholders; unless it obtains the approval of its shareholders. If this Resolution is passed, the Company will be able to proceed with the proposed issue of 132,879,398 New Shares to Oaktree. If this Resolution is not passed, the Company will not be able to proceed with the proposed issue of 132,879,398 New Shares to Oaktree. ASX Listing Rule Disclosure Requirements ASX Listing Rule 10.13 requires that the following information be provided to shareholders for the purpose of obtaining shareholder approval pursuant to ASX Listing Rule 10.11: (a) the New Shares are to be issued to Oaktree Capital Management L.P. (or their nominee(s)); (b) Oaktree meets the criteria of ASX Listing Rule 10.11.3 as Stephen Weir is a nominated director to the board of the Company and Oaktree held greater than a 10% interest in the Company in the last 6 months; (c) the number and class of securities to be issued is 132,879,398 New Shares in the Company to Oaktree; (d) the New Shares will be issued by no later than one month after the date of this Meeting however are expected to be issued on or about Monday, 3 November 2025; (a) the New Shares will be issued for cash at an issue price of $0.032 (3.2 cents) per share; (b) the purpose of the issue is to raise funds to reduce the pre-royalty loan, as referred to above, Oaktree has committed to contribute the funds associated with the Placement, subject to shareholder approval; and (e) the issue is not intended to remunerate Oaktree or Stephen Weir, as the issue of New Shares is on the same terms as other investors who participated in the Placement. (f) the New Shares to be issued to Oaktree are not subject to a written agreement with Oaktree. Board Recommendation The Board recommends that Shareholders vote in favour of this Resolution. Voting Intention The Chair of the Meeting intends to vote undirected proxies in favour of this Resolution. Voting Exclusions Refer to Note 6 for voting exclusions. Resolution 2 – Issue Of Options to the Lead Managers Background Resolution 2 seeks shareholder approval for the purpose of Listing Rule 7.1 and all other purposes to issue 113.8 million options to the Lead Managers. The Lead Manager Options will have an expiry of 3 years from date of issue, with 56.9 million options to be exercisable at $0.0448 and 56.9 million options to be exercisable at $0.0512. The Lead Manager Options are to be split between the Lead Managers on a 60:40 ratio (Canaccord: Henslow). Appendix 1 provides details of the Lead Manager Options. ASX Listing Rules 7 ASX Listing Rule 7.1 provides that a company must not, without shareholder approval, issue or agree to issue more securities during any 12-month period than that amount which represents 15% of the number of fully paid ordinary securities on issue at the commencement of that 12-month period. As the issue Options, without shareholder approval, exceed that 15% limit, the Company proposes Resolution 2 to seek shareholder approval under Listing Rule 7.1. If this Resolution is passed, the Company will be able to proceed with the proposed issue of 113.8 million options to the Lead Managers (or their nominees) without using any of its placement capacity under Listing Rule 7.1, retain the flexibility to make future issues of equity securities up to the 15% limit. If this Resolution is not passed, the Company will not be able to proceed with the proposed issue of 113.8 million options to the Lead Managers. ASX Listing Rule Disclosure Requirements The following information is provided in relation to this Resolution, as required by ASX Listing Rule 7.3: a) b) c) d) e) f) The Lead Manager Options are to be issued to Canaccord Genuity (Australia) Limited and Henslow Pty Ltd (or their nominee(s)) split between the Lead Managers on a 60:40 ratio (Canaccord: Henslow). Appendix 1 provides details of the Lead Manager Options the number and class of securities being issued is up to 113.8 million Options in the Company; Options will have an expiry of 3 years from date of issue, with 56.9 million options to be exercisable at $0.0448 and 56.9 million options to be exercisable at $0.0512. the Options will be issued by no later than three (3) months after the date of this Meeting (or such later date as may be approved by ASX). The Company however expects to issue the shares on or around 3 November 2025; the purpose of the issue is as part payment consideration for services provided by Lead Managers in connection with the Placement announced on 3 September 2025; and the issue of Options will not raise any funds however, if any options are exercised in the future, the funds raised will be used to advance projects or working capital at the time of any such exercise. Board Recommendation The Board recommends that Shareholders vote in favour of this Resolution. Voting Intention The Chair of the Meeting intends to vote undirected proxies in favour of this Resolution. Voting Exclusions Refer to Note 6 for voting exclusions. Resolution 3 – Ratification of Placement Shares Background The Company seeks Shareholder approval to ratify the issue of 114,285,719 New Shares on 11 July 2025 and issue of 570,245,602 New Shares on 9 September 2025 to institutional and sophisticated investors pursuant to ASX Listing Rule 7.4. The New Shares were issued without Shareholder approval from the Company’s existing placement capacity under ASX Listing Rules 7.1 and 7.1A. ASX Listing Rule Requirements ASX Listing Rule 7.1 allows the Company to issue new securities up to 15% of the existing capital of the Company in any 12-month period without the prior approval of Shareholders, excluding any security issues that meet the requirements of one of the exceptions of ASX Listing Rule 7.2. The issue of 114,285,719 New Shares on 11 July 2025 and issue of 570,245,602 New Shares on 9 September 2025 to Placement Participants was within the Company's available placement capacity under ASX Listing Rule 7.1 and did not fit within any of the Listing Rule 7.2 exceptions. ASX Listing Rule 7.1A enables eligible entities which have obtained shareholder approval by special resolution to issue securities up to the equivalent of 10% of the Company’s fully paid ordinary issued capital over a 12-month period after the date of the Annual General Meeting approving the additional capacity to issue securities (“10% Placement Facility”). The 10% Placement Facility is in addition to the Company’s 8 15% placement capacity under ASX Listing Rule 7.1. The Company obtained such shareholder approval for the 10% Placement Facility at the Annual General Meeting held on 29 November 2024. The issue of 114,285,719 New Shares on 11 July 2025 and issue of 570,245,602 New Shares on 9 September 2025 respectively to Placement Participants was within the Company's available placement capacity under ASX Listing Rules 7.1 and 7.1A and did not fit within any of the Listing Rule 7.2 exceptions. A total of 444,285,719 Ordinary Shares we issued utilising capacity under ASX Listing Rule 7.1, and 240,245,602 Ordinary Shares were issued utilising capacity under ASX Listing Rule 7.1A. Under ASX Listing Rule 7.4 an issue of securities will be treated as having been made with the approval of Shareholders for the purposes of ASX Listing Rule 7.1, if the issue did not breach ASX Listing Rule 7.1 at the time and Shareholders subsequently approve it. As the issue of these New Shares was within the Company's ASX Listing Rule 7.1 and 7.1A placement capacity, did not fall within any of the exceptions in ASX Listing Rule 7.2, and was not previously approved by Shareholders, the Company now seeks Shareholder ratification of the issue of these New Shares pursuant to ASX Listing Rule 7.4 to refresh its capacity to make further issues without Shareholders approval under ASX Listing Rule 7.1. If this Resolution is approved, the prior issue of the New Shares to Placement Participants may be treated by the Company as having been made with Shareholder approval under ASX Listing Rule 7.1. The Company will therefore be able to issue additional equity securities without the 114,285,719 New Shares issued on 11 July 2025 and 570,245,602 New Shares issued on 9 September 2025counting towards the 15% threshold for the purposes of ASX Listing Rule 7.1 or the 10% threshold for the purposes of ASX Listing Rule 7.1A. If this Resolution is not approved, the issue of the New Shares to Placement Participants will not be treated by the Company as having been made with Shareholder approval under ASX Listing Rule 7.1. The Company will therefore have 444,285,719 New Shares as counting towards the 15% threshold for the purposes of ASX Listing Rule 7.1 and 240,245,602 New Shares as counting towards the 10% threshold for the purposes of ASX Listing Rule 7.1A. ASX Listing Rule Disclosure Requirements ASX Listing Rule 7.5 requires that the following information be provided to Shareholders for the purpose of obtaining Shareholder approval pursuant to ASX Listing Rule 7.4: (a) the New Shares were issued to institutional and sophisticated investors introduced to the Company via existing relationships 11 July 2025 and 9 September 2025. There was no participant in the issue of the Shares that was an investor required to be disclosed under ASX Guidance Note 21 which includes; i. related party of the Company; ii. member of key management personnel; iii. substantial holder in the Company; iv. adviser to the Company; or v. associate of any of the above, and the securities issued constitute more than 1% of the Company’s current issued capital. (b) the number and class of securities issued was 684,531,321 New Shares; (c) the New Shares were issued for cash, at an issue price of $0.035 (3.5 cents) for shares issued on 11 July 2025 and of $0.032 (3.2 cents) for shares issued on 9 September 2025 per Share; and (d) the purpose of the issue was to raise funds to be used to fund capital projects primariy related to plant expansion and optimisation works at both the Mt Carbine mine in Australia and the Barraecopardo mine in Spain, reduce debt financing, and provide working capital. Board Recommendation The Board recommends that Shareholders vote in favour of this Resolution. Voting Intention The Chair of the Meeting intends to vote undirected proxies in favour of this Resolution. Voting Exclusions Refer to Note 6 for voting exclusions. 9 GLOSSARY AEST means Australian Eastern Standard Time. ASIC means the Australian Securities & Investments Commission. ASX means ASX Limited (ACN 008 624 691) or the financial market operated by ASX Limited, as the context requires. Board means the current board of directors of the Company. Business Day means Monday to Friday inclusive, except New Year’s Day, Good Friday, Easter Monday, Christmas Day,