Mining

• Airborne electromagnetic conductors exceed 5km in length at Hamborg and more than 2km at Storvallflon, with coincident surface uranium responses, ground radiometric anomalies, and rock chip geochemistry across all four prospects.

• Up to 231.6 million new ordinary shares may be issued under the plan, with individual participation available from AUD 1,000 up to a maximum of AUD 30,000 per eligible holder.

• Laboratory assays confirm a copper-nickel sulphide system hosted within a layered mafic intrusion at the Niobe Copper prospect, with a best intersection of 40 metres at 0.13% copper and 374 ppm nickel, including 24 metres at 0.16% copper and 543 ppm nickel.

• Laboratory results identified significant soil geochemistry levels for manganese, barium, cobalt, zinc, and iron, with several elevated readings concentrated around the Dunns Road Prospect.

• The survey covers approximately 41 km of the Kingsborough Fault corridor — more than ten times the coverage of the original March 2026 survey area — and the original area was reflown at more than twice its initial point density.

• Novo has engaged an experienced consultant who was involved in the discovery of the Hemi Gold Project to review the litho-geochemistry of the Egina Gold Project and identify new targets ahead of planned drilling in 2027.

• A 32% grossMarginwas maintained in 3Q 2026 despite significantly lower production volumes, reflecting the company's cost discipline and low-cost operational profile.