We're calling a General Meeting for Thursday, 10 September 2026, and want to walk you through what shareholders are being asked to vote on.

All three resolutions relate to capital already raised, and ask you to formally ratify share and option issues that used up part of our placement capacity under ASX Listing Rules 7.1 and 7.1A. Ratifying them doesn't change what's already been issued, it simply restores our flexibility to issue further shares or options without needing shareholder approval each time, within those same limits.

Resolutions 1 and 2 relate to the strategic placement completed on 20 July 2026, which raised approximately $4.5 million before costs from investors including Nebari Natural Resources Credit Fund II LP and Sparta Invest AG, both substantial shareholders, along with other investors. Shares were issued at $0.034 each, with free-attaching options on a one-for-two basis. The proceeds are funding early works and detailed engineering at Arrowsmith North, progress towards purchasing Arramall farm, refreshed studies at Muchea, and working capital.

Resolution 3 asks shareholders to ratify options issued to Mahe Capital Pty Ltd, our underwriter for the May 2026 entitlement offer, as part of its remuneration for that role.

If any resolution isn't passed, the relevant securities stay counted against our 15% (or 10%) annual placement limit, reducing how much we could raise without shareholder approval over the following 12 months. The Board recommends voting in favour of all three.

Full details, including voting instructions and how to lodge a proxy, are in the Notice of Meeting. If you have questions about any of this, we'd encourage you to use the question box on this page.