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Reporting assumptions

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Ownership basis

Show the full project inventory before ownership adjustment.

Display scale

Display contained quantities in millions of ounces or tonnes.

Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

Primary view: each commodity in its own contained unit (oz / t).

Norseman Gold Project

Western Australia, Australia · Producing · 100.0% ownedUnverified

Current R&R by category

Whole-project rollup at the latest vintage per category: printed project-level rows are preferred, and mining areas are summed (tonnes-weighted grade) only where the issuer prints no project-level row. Per-area and per-source detail in the Current R&R table below.

Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at
Measured	4.95 Mt	2.40 g/t	0.37 Moz	31 May 2025
Indicated	19.08 Mt	3.10 g/t	1.90 Moz	31 May 2025
Inferred	19.16 Mt	3.80 g/t	2.33 Moz	31 May 2025
Total Resources	24.11 Mt	4.29 g/t	3.32 Moz	31 May 2025
Proved	4.57 Mt	1.20 g/t	0.18 Moz	31 May 2025
Probable	8.21 Mt	2.60 g/t	0.68 Moz	31 May 2025
Total Reserves	12.78 Mt	2.10 g/t	0.86 Moz	31 May 2025

Sub-category rows are as disclosed (no Reserves-treatment netting); the Total rows honour the Resources treatment and Inferred-policy toggles, so components may not sum to the Total.

Dotted tonnes/grade are derived under the active Resources treatment: tonnes are netted of (or grossed by) the reserve tonnage alongside contained, and grade is re-derived as netted contained ÷ netted tonnes — not the published figures.

Cut-off grade

2.0000 g/t Au · 0.5000 g/t Au · 0.7000 g/t Au · 0.6000 g/t Au · 2.5000 g/t Au · 0.8000 g/t Au

Price assumption

A$4000.00/oz · A$2600.00/oz · A$4160.00/oz

JORC code year

2012

Peer benchmark — producing Au projects (282 with resources)Resource size P71Resource grade P77View on grade-tonnage chart →

Percentile of this project's current total Resource among covered peers (P100 = largest / highest grade). Basis and Inferred toggles apply.

Data quality

Latest source: Annual Mineral Resource and Ore Reserve Statement · 31 May 2025
Reporting code: JORC 2012
Convention: inclusive
Currency assumption: A$
Disagreement flags: 16 rows

Current R&R

Resources

Area	Category	Tonnes (Mt)	Au		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at	Source	Provenance
Total	Measured	4.95 Mt	2.40 g/t	0.37 Moz	31 May 2025	Appendix 1: Page 5Unverified Evidence record Norseman Gold Project Measured · Au · as at 2025-05-31 Reported figure Area Whole project Basis 100% Ore tonnes (t) 4946000.0000 Grade 2.4000 Contained (oz) 374000.0000 Classification Resource Source trail Annual Mineral Resource and Ore Reserve Statement Appendix 1: Page 5 Published 2025-09-22 Verification Approved; not independently verified · Model extracted QA WARN: tonnes/contained equal the SUM of 3 sibling row(s) of the same classification/category/commodity (Total Underground, Total Surface South, Total Surface North) — likely a printed multi-deposit rollup/subtotal. Policy keeps leaf rows and printed whole-project Totals only; reject mid-level rollups (double-count). QA INFO: recompute differs 2.04% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±2.23% (rounding granularity) — treated as reconciled. \| QA approved: verified against the source print by the tranche-20 agent pass \| t88 swarm r2 (a5): F3 case(a) partial leaf capture, figures sound: printed project-total measured 4,946,000 t @ 2.40 = 374,000 oz; stored leaves cover only 384,000 t / 141,000 oz (4 of the statement's deposits). Gap is uncaptured leaves - note that reserve/proved carries a 4,165,000 t Stockpiles row with no resource/measured twin. Do not sum leaves for this project. Copies a pre-filled issue record so you can send it through your normal channel.

Total

Indicated

19.08 Mt

3.10 g/t

1.90 Moz

31 May 2025

Appendix 1: Page 5Unverified

notes (6)

Source: Annual Mineral Resource and Ore Reserve Statement · published 22 Sept 2025

Ref: Appendix 1: Page 5

JORC 2012 — Reporting code of record: JORC 2012
Cutoff 0.50 g/t Au — Cut-off grade assumption from the source statement.
inc — Stated Resources are inclusive of Reserves. Set Resources: Excl. Reserves to net them out.

QA notes:

QA WARN: tonnes/contained equal the SUM of 3 sibling row(s) of the same classification/category/commodity (Total Underground, Total Surface South, Total Surface North) — likely a printed multi-deposit rollup/subtotal. Policy keeps leaf rows and printed whole-project Totals only; reject mid-level rollups (double-count).
QA approved: verified against the source print by the tranche-20 agent pass
t88 swarm r2 (a5): F3 case(a) partial leaf capture, figures sound: printed project-total indicated 19,084,000 t @ 3.10 = 1,898,000 oz; stored leaves cover 3,524,000 t / 481,000 oz (7 deposits of a larger statement). Gap is uncaptured leaves, not a figure error.

Total

Inferred

19.16 Mt

3.80 g/t

2.33 Moz