Announcement PDF VENARI MINERALS NL ABN 96 007 090 904 Consolidated Interim Financial Report FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 - 2 - Venari Minerals NL Interim Financial 2025 Contents Consolidated Interim Financial Report Page Directors' Report 3 Auditor’s Independence Declaration under Section 307C of the Corporations Act 2001 19 Consolidated Statement of Profit or Loss and Other Comprehensive Income 20 Consolidated Statement of Financial Position 21 Consolidated Statement of Cash Flows 22 Consolidated Statement of Changes in Equity 23 Notes to the Consolidated Financial Statements 24 Directors' Declaration 35 Independent Auditor's Review Report 36 Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 3 - Venari Minerals NL Interim Financial Statements 2025 Directors’ Report The Directors of Venari Minerals NL (formerly Astute Metals NL) (“Venari” or “the Company”) present their report together with the consolidated financial statements for the six months ended 31 December 2025 (“Half-Year 2025”). Directors The names of the Company’s Directors in office during the 2025-Half Year and until the date of this report are as below: • Mr Anthony Leibowitz – Executive Chairman • Mr Matthew Healy – Executive Director and Chief Executive Officer • Mr Vincent Fayad – Non-Executive Director Joint Company Secretaries The names of the company secretaries in office at any time during, or since the end of the 2025-Half Year are as below: • Mr Kurt Laney • Mr Vincent Fayad Principal Activities and Significant Change in the Nature of Activities The principal activities of the Group during the half-year period were the exploration and development of mineral resources, principally in the areas of mineral sands, lithium, iron-oxide-copper-gold (IOCG) deposits. There were no significant changes in the nature of the Group's principal activities during the 2025 Half-Year period. Review of Results and Operations The consolidated loss of the Group for the 2025 Half-Year after providing for income tax amounted to $599,739 (2024 Half- Year: loss of $1,371,817). Objectives The Company’s objective is to increase shareholder wealth through successful exploration activities and mining activities whilst providing a safe workplace and ensuring best practice in relation to its environmental obligations. Mineral Resources Operations Summary Venari has four key projects within its portfolio, all of which are 100% owned: • Red Mountain and Cobre Lithium Projects in Nevada, USA; • the Georgina Basin IOCG Project, located east of Tennant Creek, Northern Territory; • the Governor Broome Mineral Sands Project located in the south-west region of Western Australia; and • the Needles Gold Project in Nevada, USA. There were no changes to the Company’s operations during the 2025 Half-Year. However, during the 2024 Half-Year the Company disposed of its East Kimberley Diamond Project, located in the northeast region of WA. Further information concerning the disposal of this project can be found within this report. During the 2025 Half-Year, the following developments were made in the Company’s exploration projects: Lithium Interests, USA Background The Company’s flagship project, the Red Mountain Lithium Project, is located in Nevada, USA. Located near the town of Currant, in Nye County, Nevada (Figure 1), the Red Mountain project was staked by Venari in August 2023. The project area has broad mapped tertiary lacustrine (lake) sedimentary rocks known locally as the Horse Camp Formation. Elsewhere in the state of Nevada, equivalent rocks host large lithium deposits such as Lithium Americas’ (NYSE: LAC) 62.1Mt LCE Thacker Pass Project, American Battery Technology Corporation’s (NASDAQ: ABAT) 18.7Mt LCE Tonopah Flats deposit and American Lithium’s (TSX.V: LI) 9.79Mt LCE TLC Lithium Project (Figure 1). Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 4 - Venari Minerals NL Interim Financial Statements 2025 > Overview During the half-year ended 31 December 2025, exploration activities at the Red Mountain Lithium Project advanced significantly, with the completion of a major Reverse Circulation (RC) drilling campaign, ongoing metallurgical test work and advancement of permitting activities. These programs represent a material step toward the definition of a maiden Mineral Resource Estimate for the project, which was announced subsequent to the Half-Year 2025. Figure 1. Location of Venari’s Lithium Projects and other Nevada lithium deposits. Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 5 - Venari Minerals NL Interim Financial Statements 2025 > April 2025 diamond drilling - final assay results In July 2025, the Company received a final batch of assays from its April 2025 diamond drilling at the Red Mountain project. The April 2025 diamond drilling campaign comprised six drill holes designed to test extensions to previously identified lithium mineralisation along strike, at depth and beneath alluvial cover at the Red Mountain project. Prior to the commencement of the 2025-Half-Year, the drilling results returned to the Company had reflected lithium mineralisation intersected in multiple holes, confirming continuation of mineralised horizons within clay-bearing sedimentary units. Two final drill hole assays were returned to the Company in later July 2025, which completed the assay dataset for the April diamond campaign. Of this, the Company announced the following results: • Diamond hole RMDD008 (Figure 2) returned six intersections of lithium mineralisation in clay-bearing mudstones, siltstones and sandstones, comprising a combined 170.4 m of mineralisation, including the two principal reported intervals (and additional subsidiary intervals) (Figure 2); and • Diamond hole RMDD004 (Figure 3) drilled through a conglomerate to breccia sequence with only narrow zones of claystone with low lithium content, interpreted as a localised alluvial fan (Figure 3). Figure 2: RMDD008 interpretative cross-section, lithium geochemistry and surface samples Figure 3: RMDD004 interpretative cross-section, lithium geochemistry and nearby (+/- 150m off section) rock chip samples The results of the April diamond drilling campaign, together with previous drilling at Red Mountain, were used to inform the Company’s maiden Mineral Resource Estimate (MRE) and to also inform the design of the next phase of drilling, with planned activities expected to focus on extending mineralisation at the northern end of the Project in Q2 2026. Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 6 - Venari Minerals NL Interim Financial Statements 2025 > Reverse Circulation drilling In October 2025, the Company commenced a reverse circulation (RC) drilling campaign at the Red Mountain project, with associated assay results progressively received and announced between November 2025 and January 2026. The drilling program was designed to target extensions of lithium mineralisation in the northern and central areas of the project, with planned drilling aimed at testing mineralisation to vertical depths of approximately 200 metres below surface. The campaign comprised of 13 drill holes for approximately 2,680 metres. Samples were dispatched to ALS laboratories (Elko and Reno) for analysis, and results for 10 holes were returned during the 2025 Half-Year, with the remaining 3 drill hole results received in January 2026. The Company reported the following results during the 2025 Half-Year: • RMRC014: 89.9m at 1,380ppm Li from 15.2m, including 18.3m at 2,530ppm Li. • RMRC015: 50.3m at 1,630ppm Li from 39.6m, including 27.4m at 2,160ppm Li. • RMRC019: 135.6m at 1,120ppm Li from 36.6m, including 29m at 1,460ppm Li. • RMRC020: 35.1m at 1,320ppm Li from surface, including 24.4m at 1,600ppm Li. • RMRC022: 62.5m at 1,090ppm Li from surface, including 22.9m at 1,510ppm Li; and 68.6m at 1,080ppm Li from 115.8m. • RMRC023: 80.8m at 990ppm Li from 16.8m, including 30.5m at 1,400ppm Li, and a higher-grade interval of 6.1m at 2,660ppm Li. • RMRC025: 99.1m at 1,176ppm Li from 97.5m, including higher-grade intervals exceeding 1,600ppm Li. The results from this campaign, together with existing drilling results, were used to support the projects maiden Mineral Resource Estimate, announced in February 2026. Table 1. Drill collar details for reported assay results > Permitting - Exploration Plan of Operations (EPO) During the 2025 Half-Year, the Company filed an Exploration Plan of Operations (EPO) with the US Bureau of Land Management to expand permitted exploration activities at the Red Mountain project. The Company advised that, having permitted a total of 32 drill holes across four campaigns since the April 2024 discovery drilling, it was approaching the 5-acre disturbance limit under Notice-level permitting. The Exploration Plan of Operations (EPO) contemplates a disturbance area of up to 100 acres to be undertaken in two phases (Figure 4). • Phase 1: east-west drill traverses spanning the project strike length (disturbance nominally 60 m wide) to provide flexibility for exploration drilling and drill spacing sufficient to support progression toward JORC Indicated categories; and • Phase 2: Opening areas between traverses to enable comprehensive in-fill drilling to support future feasibility-level work. As at 31 December 2025, the Company had not received approval for the plan of operations. Timing for approval of the EPO is subject to the BLM’s assessment of the application, and a positive assessment will enable the Company to undertake its panned next stages of drilling at the Red Mountain project. Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 7 - Venari Minerals NL Interim Financial Statements 2025 Figure 4: Phase 1 EPO disturbance comprises nominal 400m-spaced drill traverses across the strike of the Project. > Metallurgy - attrition scrubbing beneficiation test work During the 2025 Half-Year, the Company received results from attrition scrubbing beneficiation test work, which was designed to separate lithium-bearing clay from waste minerals and reduce deleterious (reagent-consuming) components such as calcite at the Red Mountain project. Test-work was conducted on high-grade and low-grade composite samples sourced from drill-hole RMDD002 intervals (April 2025 drilling campaign). Three tests were undertaken on the high-grade composite at varying pulp densities, with a single test conducted on the low-grade composite using the optimal pulp density. Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 8 - Venari Minerals NL Interim Financial Statements 2025 The results demonstrated lithium concentration upgrades of approximately 44.8% for the high-grade composite and 132% for the low-grade composite. Lithium recoveries of approximately 58.8% and 85% were achieved, respectively, alongside reductions in sample mass of approximately 59.6% and 63.1% and reductions in calcite content of approximately 15.7% and 35.6%. Mineralogical analysis, including X-ray diffraction and scanning electron microscopy, confirmed hectorite as the sole lithium-bearing mineral. The results form part of ongoing metallurgical evaluation of the Red Mountain Project and will inform a scoping level flowsheet as the Company progresses the Project towards technical studies. > Water rights secured (development de-risking) In December 2025, the Company entered into a binding Option Agreement (Option) to secure private land and associated water rights near the Red Mountain project. The Company’s view is that this transaction will support future development of the Red Mountain project, given the scarcity and strategic importance of water access in Nevada. The option relates to a 45.7 ha (113-acre) private landholding and associated annual water rights of 592,000 m³ (480 acre- feet), with the property being located approximately 6 km from the Red Mountain project (Figure 5). Subject to approval from the State of Nevada, the water rights may be re-located closer to the project, provided that the extraction point remains within the basin extents. The terms of the acquisition were announced by the Company on 10 December 2025 and was comprised of a combination of an equity option fee paid by way of the issuance of 1,950,000 ordinary shares (valued at $292,500), plus a cash payment on option exercise of $US$200,000. Figure 5. Location of Bergara Avenue property and Red Mountain Lithium Project > Red Mountain Extension - geochemistry and prospectivity Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 9 - Venari Minerals NL Interim Financial Statements 2025 During the half-year, soil and rock chip sampling was undertaken at the Red Mountain Extension claims area, located immediately south of the Company’s Red Mountain discovery. The Red Mountain Extension comprises of mining claims staked in early 2024 along the south-western boundary of the Red Mountain Project and was targeted as a potential along- strike continuation of lithium-bearing host rocks identified within the main claim block. A 297-point soil sampling program completed across the extension area defined a lithium anomaly measuring approximately 2.1km by 1km above a 250ppm lithium threshold, with peak values of up to 1,080ppm lithium in soil. The anomaly also contained a higher tenor than that observed within parts of the existing Red Mountain soil grid and supported the interpretation that lithium mineralisation extended southward from the main discovery. Rock chip sampling undertaken across the Extension area confirmed the presence of lithium mineralisation within the underlying bedrock. A five-sample transect returned grades ranging from 142ppm to 2,690ppm lithium, with additional samples grading 353ppm and 578ppm lithium. These results represented the first rock chip sampling undertaken within the extension claims and demonstrated that lithium-bearing rocks occurred beneath the soil anomaly. The soil geochemistry and rock chip results indicated that the Red Mountain Extension had the potential to host a continuation of the lithium mineralised system identified at Red Mountain. Cobre Project No work was undertaken on the Cobre Project during the year, which was relinquished in September 2025. Georgina Basin, IOCG Project Background Located in the highly prospective East Tennant province in the Northern Territory, the Georgina Basin Project is 100% owned by Venari. The project comprises of seven granted exploration licences and a further three currently under application, for a combined area of approximately 4,500km2 (Figure 1). The Georgina Basin Project and associated tenement licences are held by a company called Knox Resources Pty Ltd (Knox). The East Tennant Province has been the subject of intense geoscientific investigation by both Geoscience Australia and the Northern Territory Geological Survey over the last five years. Pre-competitive work undertaken as part of the Federal Government’s $225 million “Exploring for the Future” Program (EFTF) included solid geology interpretation, alteration proxy mapping and mineral prospectivity mapping for Iron Oxide Copper Gold (IOCG) deposits. The collaborative MinEx CRC National Drilling Initiative, conducted in late 2020, confirmed the highly prospective nature of the region by intersecting prospective host rocks, IOCG-style alteration and sulphide mineralisation as part of a 10-hole program at East Tennant. Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 10 - Venari Minerals NL Interim Financial Statements 2025 Figure 6. Georgina IOCG Project tenements. Work undertaken No work was undertaken on the Georgina Basin IOCG Project during the 2025 Half-Year. Governor Broome Heavy Mineral Sands, WA Background The Governor Broome Project is located on the Scott River Coastal Plain, 70km south of Busselton and 50km southwest of Nannup. The Governor Broome project consists of six tenement areas: • Retention Licence R70/53 which is held 100% by Venari (“Governor Broome”); • Retention Licence R70/58 which was previously subject to a Farm-in /Joint Venture arrangement with Iluka Resources Limited (Iluka) (“Jack Track”). The project was acquired from Iluka during the 2023 financial year; and • Retention Licence R70/22, which was acquired from Cable Sands Pty Ltd in August 2024 (“Fouracres”). • Exploration Licenses E70/5200, E70/5826 and E70/5872. Future of the Governor Broome Project During the 2025 Half-Year, the Company did not undertake any operational work on the Governor Broome Project. However, following its announcement on 4 April 2024 of the results from its Scoping Study, the Company has been involved in the pursuit of various strategies to unlock value from the project and these strategies include: • sourcing of funding to advance the Project; • investigating potential Joint Venture partners and how the arrangements can enhance value; • a review of sale options and likely buyers for the asset; and • considering other avenues for realisation. Throughout the 2025 Half-Year, the Company continued to evaluate a number of potential pathways in relation to the Governor Broome Project. Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 11 - Venari Minerals NL Interim Financial Statements 2025 Needles Gold Project, USA Background The Needles Gold Project is located in Nye County, Nevada, USA, approximately 92 km east of the mining town of Tonopah, within a highly prospective mining jurisdiction with a long history of gold production. The Project lies within a region that has produced significant gold resources, including the nearby Round Mountain gold mine. The Company holds a 100% interest in the project, which comprises 216 unpatented lode mining claims covering approximately 18 km² of Federal land. The project includes numerous historical gold-silver workings associated with the Arrowhead district and has been subject to exploration by several prior operators. Geologically, the Project is situated near the eastern margin of an eroded volcanic caldera complex formed between approximately 32 million and 19 million years ago during a period of extensive continental magmatism. Mineralisation at Needles is interpreted to be structurally controlled and characteristic of low-sulphidation epithermal systems, with quartz veins and stockwork zones hosting gold and silver mineralisation accompanied by pathfinder elements including arsenic and antimony. The Company’s exploration activities have been focused on advancing understanding of the epithermal system through geochemistry, geophysics and drilling programs aimed at identifying structurally controlled mineralised zones and generating targets for further exploration. Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 12 - Venari Minerals NL Interim Financial Statements 2025 Figure 7. Location of Needles Gold Project, and significant Nevada gold deposits Work undertaken Drilling – September 2025 RC Campaign On 12 August 2025, the Company announced that preparations for a Reverse Circulation (RC) drilling campaign at the Needles Gold Project were underway, including completion of drill-hole designs and submission of a Notice of Intent to the Bureau of Land Management (BLM) for notice-level permitting approval. Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 13 - Venari Minerals NL Interim Financial Statements 2025 The drilling program was designed to test six high-priority vein-style targets, being Eastern Shaft, Tomahawk, Arrowhead, two Arrowhead East targets and Whopper Junior, following a review of historical exploration datasets and analysis of rock-chip and pathfinder geochemistry across the Project. On 12 September 2025, the Company reported that RC drilling had commenced at the project. The program was completed in early October 2025 and comprised eight holes for a total of approximately 1,073 metres. Geological logging identified quartz veining and oxidation features in multiple drill holes, with samples dispatched to ALS Laboratories in Elko, Nevada, for assay analysis. The results resulted to the Company in December 2025 (see below). Drilling Results - September 2025 RC Campaign On 9 December 2025, the Company reported assay results from the September 2025 RC drilling campaign. The results identified zones of anomalous gold and silver, associated with quartz veining and accompanied by epithermal pathfinder elements (arsenic, antimony and/or mercury). A summary of the results received from the September 2025 RC campaign were as follows: • at the Whopper Junior prospect, drilling intersected a broad corridor of pathfinder element anomalism associated with quartz veining and stockwork, with zonation from arsenic-rich near surface to antimony-rich at depth, supporting the interpretation that the mineralised system remains open - at depth; • drilling at the Eastern Shaft and Arrowhead East prospects intersected anomalous gold and silver with associated pathfinder geochemistry, confirming the presence of targeted mineralised structures; • at the Arrowhead Mine, limited anomalism was encountered and the down-dip potential of the prospect was considered to have been adequately tested; and • at the Tomahawk prospect, quartz veining associated with anomalous gold and silver was intersected, with lower levels of anomalism observed in deeper drilling. The Company advised that while the campaign did not return economic grades of gold, the results were considered to support of further exploration drill testing at the project. Table 2. Needles Gold Project September RC drill campaign hole details Airborne magnetics In October 2025, the Company completed a helicopter-borne magnetic-radiometric survey over the Needles Gold Project to improve understanding of the structural framework and alteration footprint of the epithermal system. The survey was designed to assist with defining geological structures, identifying zones of magnetite destruction associated with hydrothermal alteration, and supporting drill target generation. The Company reported that survey data identified a large demagnetised zone interpreted to reflect alteration consistent with an epithermal system, with the magnetic signature extending beyond previously mapped alteration zones. Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 14 - Venari Minerals NL Interim Financial Statements 2025 Soil sampling On 25 August 2025, the Company commenced exploration fieldwork at the Needles Gold Project and completed a high- resolution soil sampling campaign comprising 824 samples collected on a 100 m x 100 m grid. The program was designed to cover the interpreted extents of the epithermal system, as defined by ASTER alteration mapping, with samples dispatched for laboratory analysis to support evaluation of metal zonation and drill target generation. On 12 November 2025, the Company reported results from the soil sampling program, which identified six significant multi- element soil anomalies exhibiting geochemical signatures consistent with epithermal gold-silver systems. The anomalies were characterised by elevated gold and arsenic values and, variably, silver and pathfinder elements including antimony and mercury. Most anomalies were located in the southern part of the Project and were spatially associated with mapped faults and fault intersections. The largest anomaly defined an approximately 400 m by 400 m zone of multi-element anomalism. All anomalies are untested by drilling and represented priority targets for future exploration programs. Figure 8. Gridded gold soil sample geochemistry, major prospects, drill collars and anomaly locations Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 15 - Venari Minerals NL Interim Financial Statements 2025 Financial Results Revenue The Company derived interest income on its short-term interest-bearing deposits held during the Half-Year 2025. Net expenses and impairment The following points are noted in relation to expenses for the Half-Year 2025: > ongoing administration expenses increased from $908,932 at December 2024 to $1,021,915 at December 2025. Included in the Half-Year 2025 results was fees paid to directors, the company secretary, ongoing costs associated with the compliance and listing obligations of the Company, and also travel costs; > marketing and investor relations costs of $162,290; and > write off of tenement expenditure for projects that were forfeited by the Company of $40,467. It is noted that the above loss was partially offset by director and consultant share-based payments, which resulted in the recognition of income of $448,012. This amount represents the write-back of previously recognised share-based payment expenses following the expiry of the relevant securities during the 2025 half-year. The Directors have considered whether any impairment of the Company’s tenements is required for the 2025 Half-Year. On 3 September 2025, the Company announced that, having regard to the Company’s capital management requirements, it had determined that the Cobre Lithium Project was no longer considered suitable for further development and the Company relinquished its rights to the project. As a result, the carrying value of the Cobre Project has been fully impaired. Except for the Cobre Project, the Directors have formed the view that no impairment adjustment is required for the 2025 Half- Year in respect of the Company’s remaining exploration assets. Statement of financial position During the 2025 Half-Year the following key items occurred: > cash increased from $314,198 at 30 June 2025 to $2,605,209 at 31 December 2025. This increase was primarily due to the following events occurring during the 2025 Half-Year: • proceeds received from the Company’s placement to sophisticated and professional investors completed in two tranches between August 2025 and September 2025, which raised approximately $5.50 million before costs; and • proceeds received from the Company’s Share Purchase Plan completed in October 2025, which raised approximately $1.08 million before costs. The above receipts of fund by the Company were in part, offset by the costs associated with Company’s ongoing exploration commitments incurred for the Needles Lithium and Needles Gold projects; and > trade and other payables decreased from $750,786 at 30 June 2025 to $290,778 at 31 December 2025, primarily due to the payment of claim fees relating to the Red Mountain Lithium and Needles Gold Projects, as well as costs associated with assay testing for the Red Mountain Lithium Project. Cash Flow The Half-Year cash flow for the 2025 Half-Year of the Group included: > an increase in exploration costs from $2,064,408 in December 2024 to $3,291,923 in December 2025. The reasons for the increase to exploration costs during the 2025 Half-Year are due to the following activity having been conducted: • soil sampling programs at the Red Mountain Extension Lithium Project, which comprised a 297-point sampling campaign designed to delineate lithium-in-soil anomalism across the Extension area; • rock chip sampling campaigns at the Red Mountain Project and Red Mountain Extension; • exploration drilling activities across the Red Mountain Project area; Half-Year Financial Report 2025 Venari Minerals NL and Its Controlled Entities - 16 - Venari Minerals NL Interim Financial Statements 2025 • exploration drilling and associated field programs at the Needles Gold Project, which comprised reverse circulation drilling and related site activities; • assay testing and laboratory analysis, which comprised geochemical analysis of soil, rock chip and drilling samples collected across the Company’s Nevada exploration projects; and • claim maintenance and land holding activities across the Company’s Nevada exploration portfolio, which comprised annual claim fees and related regulatory compliance costs. > an increase in administrative costs from $646,114 at December 2024 to $729,881 at December 2025. The December 2025 Half Year administrative costs were largely comprised of payments for statutory costs incurred in relation to the compliance and listing requirements of the Company. Corporate Directors > Other Management Changes During the 2025 Half-Year, Mr Vince Fayad transitioned from Executive Director to Non-Executive Director, effective from 23 July 2025. Concurrently, Mr Tony Leibowitz was appointed Executive Chairman. The key terms of Mr Leibowitz’s appointment remain unchanged from those applicable to his previous role as a Non-Executive Director, Share Issue > Placement - July to September 2025 In July 2025, the Company announced a placement to sophisticated and professional investors at an issue price of $0.015 per share to support the advancement of its exploration portfolio. Tranche 1 of the placement was completed in August 2025, with the Company issuing 92,721,038 fully paid ordinary shares, raising approximately $1.39 million before costs. Tranche 2 of the placement was completed in September 2025, with the Company issuing 273,945,629 fully paid ordinary shares, raising approximately $4.11 million before costs. Funds raised under the placement were directed towards advancing exploration activities, including work programs at the Red Mountain Lithium Project and the Needles Gold Project. > Share Purchase Plan - October 2025 In October 2025, the Company completed a Share Purchase Plan, raising approximately $1.08 million before costs. The Share Purchase Plan provided eligible shareholders with the opportunity to subscribe for fully paid ordinary shares at an issue price of $0.015 per share, with applications received from a broad base of existing shareholders. Share Consolidation - No