Announcement PDF ASX / Media Release 9 February 2026 Suite 114-115 Level 1, 165 Phillip St Sydney, NSW 2000 GPO Box 2733, Sydney NSW 2001 P. +61 (0) 2 8046 2799 | E. admin@venariminerals.com venariminerals.com Venari to present at RRS Summer Series Conference, February 2026 Venari Minerals NL (ASX: VMS) (“VMS”, “Venari” or “the Company”), advises that its Chief Executive Officer, Matthew Healy, will be presenting at the Resources Rising Stars Summer Series Conferences, which are being held in Sydney on Tuesday 10th February and in Brisbane on Thursday 12th February. The presentations are being hosted at the following venues in each city: SYDNEY, TUESDAY 10 FEBRUARY: Four Seasons Hotel, 199 George St, The Rocks NSW 2000 Time: 9.10am – 4.45pm (AEDT) BRISBANE, THURSDAY 12 FEBRUARY: InterContinental Brisbane, 190 Elizabeth St, Brisbane City QLD 4000 Time: 9.40am – 4.30pm (AEDT) Investors and shareholders who are interested in attending these events can register by clicking here. A copy of the Company’s presentation to be delivered at these forums is attached. Authorisation This announcement has been authorised for release by the Board of Venari Minerals NL. Join the Venari Minerals Investor Hub Engage with Venari Minerals through accessing reports, presentations, interviews and other Company content. Ask Questions and browse responses to other investors’ questions. Click here and follow the prompts to sign up. For further information, please contact: Matthew Healy Nicholas Read Executive Director & CEO Media & Investor Relations T: +61 (0) 431 683 952 T: +61 (0) 419 929 046 E: matt@venariminerals.com E: nicholas@readcorporate.com.au ASX: VMS Advancing a Globally Significant Lithium Resource in Nevada, USA Resources Rising Stars Summer Series – 10 & 12 February 2026 2 Building America’s Lithium Future o Leadership with a track record of value creation and skin in the game, advancing a high-grade sedimentary lithium project in Nevada, USA o Outstanding maiden Inferred Mineral Resource Estimate o 500Mt @ 1,139ppm Li for 3.03Mt contained LCE (700ppm Li cut-off), including o High-grade North zone - 47.9Mt @ 2,193ppm Li / 560kt LCE (1,300ppm Li cut-off) o Exploration Upside o Metallurgical test-work well advanced o Maiden MRE milestone reached in a resurgent macroeconomic environment for lithium o Near-term catalysts o Revised JORC Exploration Target – Feb o Lithium carbonate product test-work results - Feb o Drill planning 2026 Finalised – Mar o Exploration, Infill and Resource Extension Drilling – Q2 3 Company Overview Notes: 1. If exercised, the Loan Funded incentive Shares would result in approximate cash received by Astute of $0.38M,at an average of $0.60 per share. 2. The cash-at-bank balance has been sourced from the Company’s 31 December 2025 quarterly Appendix 5B. 3. The share price graph has been reconstructed to reflect the impact of the Company’s 1-for-10 share consolidation, which took effect on 28 November 2025. Key Financials Share Price (@ 03.02.2026) $0.20 Shares on Issue 107,631,636 Options (Listed) 29,184,728 Loan Funded Shares 642,0001 Unlisted Options (exp. 2 Oct 2028) 3,000,000 Performance Rights 3,812,000 Market Cap (@ 03.02.2026) $21.53 m Cash (@ 03.02.2026) $2.61 m2 Enterprise Value $18.92 m Debt (@ 03.02.2026) Nil Top 20 Shareholders 60.78% Major Shareholders Holdmark Property Group 17.59% Tony Leibowitz shareholdings 9.68% Mining Investments Ltd 6.22% Board and Management Mr Leibowitz is a proven track record in the lithium sector. He was Chairman and a founder of Pilbara Minerals Limited. Mr. Leibowitz joined the Venari board in 2022. He has participated in every equity raising in additionto buying shares on market. Tony Leibowitz Chairman Matt Healy Executive Director & CEO Vince Fayad Non-Executive Director Share Price3 Mr Healy is a highly experienced geologist and Australian mining executive. Prior to joining Astute Metals, Mr Healy held the positionof Chief Executive Officer for Greenvale Mining Limited (ASX: GRV) and was also previously Exploration Manager at Round Oak Minerals. Mr Fayad has over 40 years’ experience in corporate finance, international M&A, accounting and other advisory related services in Sydney-based mid-tier accounting firms. He is the principal Vince Fayad & Associates, providing accounting and advisory services. - 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0M 0M 0M 1M 1M 1M 1M 1M 2M 2M 02/2025 04/2025 06/2025 08/2025 10/2025 12/2025 Share Price ($AU) Volume 4 Lithium: an Ascendant Market o Global EV sales are up 28% in H1 2025 over H1 20241 o Global Battery Energy Storage System (BESS) deployments have increased by 54% in H1 2025 over H1 20242 o Global battery demand to triple (2024 base) by 20303 o JP Morgan – Lithium market forecast to be in deficit by end of 20254 o Shanghai Metal Exhange USD Lithium Carbonate price up from $9k/t in Oct 2025 to >$20k/t in Feb 2026 Source: Shanghai Metals Market, Price name SMM-Li-LC-001, 3 February 2026 Shanghai Metal Market Battery Grade Lithium Carbonate Price CNY 153,500 / USD $22,124 1. https://rhomotion.com/news/global-ev-sales-up-28-in-2025-2/ 2. https://www.energy-storage.news/global-bess-deployments-in-h1-2025-up-54/ 3. https://miningdigital.com/news/evs-batteries-how-much-lithium-is-needed-to-decarbonise 4. 29 October 2025, JP Morgan Lithium Asia Pacific Equity Research 5 The US has a Lithium supply problem • The US has prioritized establishing domestic critical mineral supply chains • According to the Nevada Bureau of Mines and Geology, US domestic battery production capacity by 2030 will top 864GWh • Depending on battery chemistry, this could generate 432kt - >600Kt of annual lithium demand as LCE • How much LCE does the US currently produce? o Silver Peak brine operation - 5ktpa • How much supply is on the horizon? o Smackover - Two small operations producing <10ktpa - 2026 o Thacker Pass - 40ktpa in 2027 incr. to ~100ktpa by 2036 o Rhyolite Ridge - 25ktpa in 2029 Source: Nevada Bureau of Mines and Geology Special Publication 40 - Lithium in Nevada, 2024 Total battery manufacturing capacity commissioned, under construction, and announced since the passage of the 2022 Inflation Reduction Act 6 Sedimentary Lithium: an introduction What are Sedimentary Lithium Deposits? • Lithium is hosted in sedimentary rocks, such as clay, silt and sandstone. What makes these different from hard-rock deposits? • Typical large-scale, lower grade deposits with soft rocks. • Lithium Carbonate1,2/Hydroxide3 can be produced directly at the mine. Are any Sedimentary Lithium mines in operation? • Thacker Pass is under construction and there are several others at feasibility stage (see full list of projects in Appendices). What does it cost to produce a tonne of product? • OPEX ranges from US $5,745/t 2 to $8,039/t 1 of lithium carbonate. How much lithium product will these mines produce? • Thacker Pass is the largest project, set to produce 2.3Mt of LC in the first 20yr of operations1. Rhyolite Ridge2 and Tonopah flats3 will produce 384kt and 562kt of LC and LH, respectively, over the same timeframe. Notes: Projects source: Lithium in Nevada,Nevada Bureau of Mines and Geology, Special Publication 40, 2024 1 – NYSE: LAC, 31 December 2024, Updated NI 43-101 Technical Report for the Thacker Pass Project 2 – ASX: INR, 5 March 2025,Rhyolite Ridge Mineral Resource Update, 3 – NASDAQ: ABAT, 04 September2025, Tonopah Flats Lithium Project S-K 1300 Technical Report and Preliminary Feasibility Study 7 Red Mountain Project Overview 33km2 of claims, 100% Venari-owned and royalty-free Location o Nye County, Nevada, USA o Immediately east of the township of Currant Infrastructure o Project adjacent to Route 6, linking mining towns of Ely and Tonopah o High-voltage 525kV ‘One Nevada’ transmission line 20km to the east o Half-day travel optionality to major cities and international airports Trucking Distance to the largest Gigafactory in the US o Tesla/Panasonic (37GWh) Gigafactory located 472km away in Sparks NV o Announced US $3.6B upgrade including 100GWh 4,680 cell factory and high-volume Semi truck factory Strategic Water Rights Secured o Option with American Battery Technology Company (NASDAQ: ABAT) o 113-acre (45.7 Ha) lot of private land with 592,000m3/ 480 acre-feet of private water rights o Less than 6km south-west from the Red Mountain Project 8 Red Mountain Mineral Resources Maiden Inferred Mineral Resource Estimate (Feb 2026) • 500Mt @ 1,139ppm Li • 3.03Mt contained Lithium Carbonate Equivalent (LCE) • 700ppm Li cut-off Red Mountain North • 91.6Mt @ 1,618ppm Li for 790kt contained LCE Red Mountain Central • 408Mt @ 1,031ppm Li for 2.24Mt contained LCE Includes an exceptionally High-grade zone in the North • 47.9Mt @ 2,193ppm Li for 560Kt LCE • Reported at a higher 1,300ppm Li cut-off 9 Favourable Mining Geometry Mineralisation at surface o Day-one access to high-grade mineralisation Broad zones of mineralisation o Low dilution potential Shallow-dipping stratigraphy o Favourable open-cut mining geometry Mineralisation open down-dip and along strike o Excellent exploration upside ~170m of continuous mineralisation at surface 10 $57.38m $208.19m $80.77m $1080m $31.25m $21.53m $126.86m $514.79m $133.48m $217.14m $26.3m $16.68m $172.17m $20.17m $8.1m $412.23m $19.25m $21.25m $98.79m 0 5 10 15 20 25 Lithium in Mineral Resources (LCE, Mt) Exploration-Phase ASX Lithium Explorers Source: Public Company Reports. Market Caps current as at 4 February 2025. See Appendix 3 for full MRE breakdown table Red Mountain Lithium Project 11 Red Mountain North A High-Grade Focus • The Maiden Mineral Resource Estimate has a zone of high-grade mineralisation in the north of the Project • Block grades of >1,300ppm Li are coherent with a core of lithium block grades exceeding 3,000ppm Li. • High-grade mineralisation >1,300ppm Li is also present in the central MRE, but is less concentrated and will require further drilling to firm up. • The Northern high-grade zone will underpin an initial focus of infill drilling, mineral resource upgrade and subsequent technical studies. Red Mountain North 47.9Mt @ 2,193ppm Li for 560kt contained LCE (orange and pink, 1,300ppm cutoff) Red Mountain Central 66Mt @ 1,427ppm Li for 500kt contained LCE (orange only, 1,300ppm cutoff) 12 Red Mountain Met Test-work Mining raw material Beneficiation Acid Leaching & Filtration Impurity Removal Crystallisation of Lithium Product Sedimentary Lithium Mineralisation: Simplified Processing The Company has completed substantial initial metallurgical test-work for the Red Mountain Lithium Project, including: Scoping leachability test-work o Lithium leachability of up to 98% in initial test-work Beneficiation o Falcon C and Attrition Scrubbing Methods tested • Lithium upgrades of up to 132% achieved • Mass reductions of up to 63.1% • Lithium recoveries of up to 85.2% • Reduction in acid-consuming Calcium of up to 43.5% Lithium Carbonate Product Test-work o Test-work underway o Due for completion – Feb 2026 Pitch Black Group engaged to advise on future test-work programme and develop Scoping Study processing flow-sheet 13 Red Mountain Exploration Upside Numerous exploration opportunities, including: 1. A 1km x 0.5km lithium in soil anomaly with a cluster of rock chip samples with grades of up to 2,230ppm Li 2. A large 1.5 x 1.5km lithium in soil anomaly reinforced by high- grade rock chips of up to 2,100ppm Li 3. Two zones of approximate 1km x 1km dimensions of elevated lithium in soils. 4. A substantial 2.1km-long zone of lithium in soil anomalism at Red Mountain Extension, with rock chip values of up to 2,690ppm Li. 5. A 950m long gap in drilling with elevated lithium in soils and rock chips Revised JORC Exploration Target to be generated in February 1 2 3a 4 5 3b 14 Red Mountain 2026 Outlook Lithium Carbonate Test-work (Feb) Revised JORC Exploration Target (Feb) Complete 2026 Drilling Plans (Mar) Exploration Plan of Operations Approval (Apr/May) o Increases permitted disturbance for increased drilling footprint Commence Drilling (Q2, After EPO approval) o Infill drilling o Extensional Drilling o Exploration Drilling Mineral Resource Update (Q3/Q4) o Target increase in category, prioritising high-grade areas o Add new zones of exploration drilling success Scoping Study (Q4) 15 Invest in Venari o Substantial maiden Mineral Resource Estimate in the premier mining jurisdiction of Nevada, in the critical –minerals hungry USA. o High-grade northern area has excellent potential, with further successful drilling and process test-work, to form the basis of an attractive mine schedule o Lithium readily leaches and mineralisation may be upgraded through beneficiation o Multiple zones of exploration upside o Active project advancement with strong news-flow and near- term catalysts o Revised JORC Exploration Target – Feb o Lithium carbonate product test-work results - Feb o Drill planning 2026 Finalised – Mar o Exploration, Infill and Resource Extension Drilling – Q2 16 Disclaimer & Forward-Looking Statement Important Notice & Disclaimer The purpose of this presentation is to provide background information to assist readers in obtaining a general understanding of Venari Minerals NL (‘Venari’ or ‘the Company’) and its objectives. Readers should make their own independent assessment of the information and take their own independent professional advice in relation to the information and any proposed action to be taken in on the basis of the information. To the maximum extent permitted by law, Venari and its professional advisors and their related bodies corporate, affiliates and each of their respective directors, officers, partners, employees, advisers and agents and any other person involved in the preparation of this presentation disclaim all liability and responsibility (including without limitation any liability arising from fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use of or reliance on anything contained in, or omitted from, this presentation. Neither Venari nor its advisors have any responsibility or obligation to inform the reader of any matter arising or coming to their notice after the date of this presentation, which may affect any matter referred to in the presentation. The distribution of this Presentation (including an electronic copy) outside Australia may be restricted by law. If you come into possession of this Presentation, you should observe such restrictions and seek your own advice on such restrictions. Any non-compliance with these restrictions may contravene applicable securities. Not An Offer This presentation is not and should not be considered as an offer or invitation to apply for or purchase securities of the Company or as a recommendation or inducement to make an offer or invitation in respect of the Company’s securities. This presentation is not a disclosure document under Australian law or under any other law. It does not purport to contain all the information any reader or prospective investor may require to make an investment decision and it does not contain all of the information required by Australian law or any other law to be disclosed in a prospectus. In particular, this presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. This Presentation may not be distributed or released in the United States. Securities in the Company have not been, nor will be, registered under the U.S. Securities Act of 1933, or the securities laws of any state or other jurisdiction in the United States. Accordingly, the securities in the Company may not be offered or sold, directly or indirectly to, persons in the United States or persons who are acting for the account or benefit of a person in the United States unless they have been registered under the U.S. Securities Act or in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act and any other applicable U.S. laws. Not Investment Advice The presentation is not investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. Forward-looking Statements Certain statements contained within the presentation are forward looking statements. Such forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Venari, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies, involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results to materially differ from estimated or anticipated events or results reflected in such forward looking statements, and may include among other things, statements regarding estimates and assumptions in respect of prices, costs, results and capital expenditure, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. In certain cases, forward-looking statements can be identified by the use of words such as, “affords”, “anticipates”, “believe”, “considered”, “continue”, “could”, “establishes”, “estimate”, “expected”, “future”, “interpreted”, “likely”, “looking”, “may”, “open”, “plan” or “planned”, “potential”, “robust”, “targets”, “will” or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. Venari disclaims any intent or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or results or otherwise. An investment in securities in the Company is subject to investment and other known and unknown risks, some of which are beyond the control of the Company. The Company does not guarantee any particular rate of return or the performance of its securities, nor does it guarantee any particular tax treatment. You should carefully consider the risks outlined in this Presentation before making an investment decision. No Liability No representation or warranty, express or implied, is given as to the fairness, accuracy, completeness, reliability or adequacy of statements, estimates, opinions or other information, or the reasonableness of any assumption or statement in this presentation (any of which may change without notice), or the likelihood of achievement or reasonableness of forecasts or prospective statements in this presentation. Forecasts and prospective statements are by their nature subject to significant uncertainties and contingencies. Forecasts and prospective statements in this presentation are based on current expectations about future events and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from the expectations described. This presentation has been approved for release by Venari’s Board of Directors. 17 JORC CP Statements Competent Persons Statements The information in this presentation that relates to Needles Gold and Red Mountain Lithium (Section 1: Sampling Techniques and Data) is based on information compiled by Mr Matthew Healy, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy (AusIMM Member number 303597). Mr Healy is a full-time employee of Venari Minerals NL and is eligible to participate in a share-based incentive schemes of the Company. Mr Healy has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Healy consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this report that relates to Reporting of Exploration Results (Section 2) and Mineral Resource Estimates is based on information compiled by Mr. Richard Newport, principal partner of Richard Newport & Associates – Consultant Geoscientists. Mr. Newport is a member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person under the 2012 Edition of the ’Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‘. Mr. Newport consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Mineral Resource Estimates Where the Company references previously disclosed Mineral Resource Estimates it confirms that the relevant JORC Table 1 disclosures are included with the original referenced ASX Announcements and that it is not aware of any new information or data that materially affects the information included in those ASX Announcements and in the case of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the Announcements continue to apply and have not materially changed. Footnotes & Previous Announcements The information contained within this presentation that relates to exploration results has been extracted from the following ASX announcements (ASX: VMS) previously (ASX: ASE): • ASX: VMS, 2 February 2026, Maiden Mineral Resource Estimate for the Red Mountain Lithium Project • ASX: ASE, 18 June 2024, Significant lithium discovery at the Red Mountain Project • ASX: ASE, 22 July 2024, Further high-grade lithium intersections at Red Mountain • ASX: ASE, 7 August 2024, Receipt of final assays for the Red Mountain Lithium Project • ASX: ASE, 16 December 2024, Signficant new zones of lithium mineralisation discovered at Red Mountain Project, USA • ASX: ASE, 20 January 2025, Lithium discovery extended with exceptional 86.9-metre intercept at Red Mountain • ASX: ASE, 19 May 2025, Exceptional lithium intercept extends Red Mountain discovery further to the North • ASX: ASE, 29 May 2025, Two lithium zones confirmed in latest Red Mountain drill hole • ASX: ASE, 25 June 2025, Widest lithium mineralisation intersected at Red Mountain • ASX: ASE, 25 July 2025, Exceptional Drill-hole Intersects combined 170m of Lithium Mineralisation at Red Mountain • ASX: VMS, 17 November 2025, Initial Red Mountain Assays confirm High-grade Lithium • ASX: VMS, 24 November 2025, More High-Grade lithium results from Red Mountain drilling • ASX: VMS, 11 December 2025, High-Grade lithium confirmed at Red Mountain North • ASX: VMS, 16 December 2025, Highest-Grade lithium intersection to date at Red Mountain • ASX: VMS, 12 January 2026, Final assays received and Maiden MRE advances - Red Mountain • ASX: ASE, 22 April 2025, Beneficiation test-work successfully upgrades mineralisation at Red Mountain • ASX: ASE, 10 June 2025, Beneficiation Delivers 4,480ppm Lithium Clay Concentrate at Red Mountain • ASX: ASE, 9 December 2024, Positive initial metallurgical results from Red Mountain • ASX: VMS, 15 October 2025, Metallurgical test-work delivers 132% upgrade to lithium mineralisation at Red Mountain • ASX: VMS, 27 January 2026, Further positive metallurgical test-work results from Red Mountain Lithium Project • ASX: ASE, 20 November 2023, Large lithium soil anomalies discovered at Red Mountain • ASX: ASE, 27 November 2023 Outstanding Rock-Chip Assays at Red Mountain Project • ASX: ASE, 8 July 2024, High-grade rock chip assays extend prospective lithium horizon at Red Mountain Project, USA • ASX: ASE, 4 February 2025, New Zone of lithium-bearing rocks identified at Red Mountain • ASX: ASE, 3 September 2025, Outstanding lithium anomalism in surface sampling at Red Mountain Extension Lithium Carbonate Equivalent wt%(LCE) has been calculated from Lithium parts-per-million (ppm) by the formula LCE = Li (ppm) x 5.323 /10,000 venariminerals.com Contact: Matthew Healy Executive Director & CEO +61 (0)431 683 952 matt@venariminerals.com Nicholas Read Media & Investor Relations +61 (0)419 929 046 nicholas@readcorporate.com.au 19 Appendix 1: US Sedimentary Lithium Projects Disclaimer: With respect to the historical estimates and/or foreign estimates of mineralisation of the peer projects disclosed in table above, VMS cautions that: • Foreign estimates are not necessarily equivalent to to JORC MRE categories and direct comparisons should be avoided. However, given the bulk of US sedimentary MREs are reported under non-JORC standards, it would be misleading to not disclose these to the market. • these estimates are not reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (referred to as the “JORC Code (2012)”); • a Competent Person has not completed sufficient work to classify the historical estimates or foreign estimates as Mineral Resources or Ore Reserves in accordance with the JORC Code (2012); and • it is uncertain that following further evaluation if the historical estimates or foreign estimates will be able to be reported as Mineral Resources or Ore Reserves in accordance with the JORC Code (2012). Mr Matthew Healy, a Competent Person, who is the Chief Executive Officer and Executive Director of VMS, and a member of the Australasian Institute of Mining and Metallurgy (AusIMM), has considered the information for the historical estimates and/ or foreign estimates of mineralisation for the peer projects disclosed in the table above and considers that the information disclosed is an accurate representation of the available data for peer mineral resource estimates in the US lithium market. Mr Healy consents to the inclusion in this presentation of the matters based on this information in the form and context which it appears, with relevant source references provided for each historical and/or foreign resource estimates described 20 Appendix 1: Cont’d US Sedimentary Lithium Projects – source reports 21 Appendix 2 US Lithium Project Transactions on the ASX Arizona Lithium (ASX: AZL) • Sale of Big-Sandy Lithium Clay deposit to Advanced Lithium Research Centre LLC (completed August 2025) • US $5m Cash • 32.5Mt @ 1,850ppm Li (321kt LCE), comprising 14.6Mt @ 1,940ppm Li Indicated (151kt LCE) and 17.9Mt @ 1,780ppm Li inferred (170kt LCE) • Transaction valued at AUD $23.3/t LCE Pantera Lithium (ASX: PTL) • Sale of Smackover Lithium Project to EnergyX (completed October 2025) • A $40m total comprising A $6m in Cash and A $34M in EnergyX Stock • Exploration Target of 436kt to 2.97Mt contained LCE • Transaction valued at AUD $13.5/t - $91.7/t LCE (as Exploration Target) Jindalee Lithium (ASX: JLL) • Letter of Intent with SPAC for Merger and NASDAQ/NYSE listing (announced September 2025, incomplete as of 2 Feb 2026) • Jindalee to receive 50m shares in NewCo valued at $10 per share in consideration for the transaction • 3Bt @ 1,340ppm Li (21.5Mt LCE), comprising 1.47Bt @ 1,420ppm Li indicated (11.1Mt LCE) and 1.54Bt @ 1,270ppm Li inferred (104Mt LCE) • Transaction valued at a minimum of AUD $34.7/t LCE 22 ASX-listed lithium explorer (i.e. producers and developers excluded) Mineral Resource Estimates and contained Lithium Carbonate Equivalent (LCE). Brine Resources as contained LCE and Li as mg/L, sedimentary resources in Mt and ppm Li and spodumene resources in Mt and Li2O%. Contained LCE calculated from source Mineral Resource Estimates using 2.475 conversion factor for Li2O – LCE and 5.323 conversion factor for ppm Li to LCE Company Ticker Type Mineral Resource Estimates LCE in Mineral Resources (Mt) Measured Indicated Inferred Meas. Ind. Inf. Total Jindalee Lithium JLL Sed. 1470Mt @ 1420ppm Li 1540Mt @ 1270ppm Li 11 10 21.5 Lake Resources LKE Brine 4.19Mt LCE @ 226.4mg/l Li 4Mt LCE @ 206.6mg/l Li 2.89Mt LCE @ 215mg/l Li 4.19 4.00 2.89 11.07 European Metal Holdings EMH Spod. 53.3Mt @ 0.48% Li2O 360.2Mt @ 0.44% Li2O 294.7Mt @ 0.39% Li2O 0.63 3.92 2.84 7.40 Pmet PMT Spod. 108.68Mt @ 1.41% Li2O 35.08Mt @ 1.35% Li2O 3.80 1.17 4.97 Prairie Lithium PL9 Brine 4.6Mt LCE @ 98mg/l Li 4.60 4.60 Venari Minerals VMS Sed. 500Mt @ 1139ppm Li 0 3.03 3.03 Winsome Resources WR1 Spod. 61.4Mt @ 1.14% Li2O 16.5Mt @ 1.19% Li2O 1.73 0.49 2.22 Wildcat Resources WC8 Spod. 70Mt @ 1.01% Li2O 4.1Mt @ 0.76% Li2O 1.75 0.08 1.83 Global Lithium Resources GL1 Spod. 36.7Mt @ 1.03% Li2O 32.9Mt @ 0.96% Li2O 0.94 0.78 1.72 Atlantic Lithium A11 Spod. 3.7Mt @ 1.37% Li2O 26.1Mt @ 1.24% Li2O 7Mt @ 1.15% Li2O 0.13 0.80 0.20 1.13 Pursuit Minerals PUR Brine 0.59Mt LCE @ 515.1mg/l Li 0.51Mt LCE @ 495.4mg/l Li 0.59 0.51 1.10 Greenwing Resources GW1 Brine 0.67Mt LCE @ 192mg/l Li 0.4Mt LCE @ 200mg/l Li 0.67 0.40 1.07 Delta Lithium DLI Spod. 0.5Mt @ 1.2% Li2O 23.3Mt @ 1.09% Li2O 12.9Mt @ 1.01% Li2O 0.01 0.63 0.32 0.97 Green Technology Metals GT1 Spod. 16.1Mt @ 1.29% Li2O 14.2Mt @ 1.01% Li2O 0.51 0.35 0.87 Infinity Metals INF Spod. 59Mt @ 0.29% Li2O 52.2Mt @ 0.27% Li2O 0.42 0.35 0.77 European Lithium EUR Spod. 4.31Mt @ 1.13% Li2O 5.43Mt @ 0.95% Li2O 3.14Mt @ 0.9% Li2O 0.12 0.13 0.07 0.32 Critical Resources CRR Spod. 8Mt @ 1.07% Li2O 0.21 0.21 Lithium Plus Minerals LPM Spod. 0.42Mt @ 1.22% Li2O 3.67Mt @ 1.45% Li2O 0.01 0.13 0.14 Anson Resources ASN Brine 0.02Mt LCE @ 93.5mg/l Li 0.08Mt LCE @ 93.5mg/l Li 0.02 0.08 0.10 Appendix 3 continued Exploration-Phase ASX Lithium MREs