Proposed issue of securities - PVT

Part 1 - Entity and announcement detailsp.2

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.p.2

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).p.2

Part 7 - Details of proposed placement or other issuep.3

Part 7A - Conditionsp.3

Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis?p.3

Yesp.3

Comments: 1,923,000 shares no subject to shareholder approval; 7,692,000 shares subject to shareholder approvalp.3

Part 7B - Issue detailsp.3

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?p.3

Existing classp.3

Will the proposed issue of this +security include an offer of attaching +securities?p.3

Nop.3

Details of +securities proposed to be issued - First tranchep.3

Details of +securities proposed to be issued - Second tranchep.4

Part 7C - Timetablep.4

Proposed +issue date: 20/8/2026p.4

Part 7D - Listing Rule requirementsp.4

Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?p.4

Nop.4

Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?p.4

Yesp.4

How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?p.5

1,923,000 shares not subject to shareholder approvalp.5

Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?p.5

Nop.5

Is a party referred to in listing rule 10.11 participating in the proposed issue?p.5

Nop.5

Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?p.5

Nop.5

Will any of the +securities to be issued be subject to +voluntary escrow?p.5

Nop.5

Part 7E - Fees and expensesp.5

Will there be a lead manager or broker to the proposed issue?p.5

Nop.5

Is the proposed issue to be underwritten?p.5

Nop.5

Part 7F - Further Informationp.5

The purpose(s) for which the entity is issuing the securities: Consideration for exploration asset acquisitionp.5

Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?p.5

Nop.5

Any other information the entity wishes to provide about the proposed issue: 1,923,000 shares to be issued under the Company's ASX LR 7.1 (15%) capacity not subject to shareholder approval; 7,692,000 shares to be issued subject to shareholder approvalp.5

Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)p.5