Announcement PDF EXULTANT MINING LIMITED ACN 684 147 484 ANNUAL REPORT For the Year Ended 30 June 2026 CONTENTS Exultant Mining Limited CORPORATE DIRECTORY 1 DIRECTORS’ REPORT 2 AUDITOR’S INDEPENDENCE DECLARATION 22 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 23 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 24 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 25 CONSOLIDATED STATEMENT OF CASH FLOWS 26 NOTES TO THE FINANCIAL STATEMENTS 27 CONSOLIDATED ENTITY DISCLOSURE STATEMENT 43 DIRECTORS’ DECLARATION 45 INDEPENDENT AUDITOR’S REPORT 46 ADDITIONAL INFORMATION FOR PUBLIC LISTED COMPANIES 53 CORPORATE DIRECTORY Exultant Mining Limited 1 DIRECTORS Brett Grosvenor Executive Chairman Alan Armstrong Non-Executive Director Lincoln Ho Non-Executive Director SECRETARY Amanda Wilton-Heald REGISTERED & BUSINESS OFFICE Level 8, London House, 216 St Georges Terrace Perth WA 6000 Telephone: +61 8 9481 0389 Facsimile: +61 8 9463 6103 WEBSITE & EMAIL www.exultantmining.com info@exultantmining.com AUDITORS Hall Chadwick WA Audit Pty Ltd 283 Rokeby Road Subiaco WA 6008 BANKER National Australia Bank 1232 Hay Street West Perth WA 6005 LEGAL ADVISORS Steinepreis Paganin Level 14, QV1, 250 St Georges Terrace Perth WA 6000 SHARE REGISTRY Xcend Pty Ltd Level 2, 477 Pitt Street Sydney NSW 2000 Telephone: +61 (2) 8591 8509 DIRECTORS’ REPORT Exultant Mining Limited 2 Your Directors submit the financial report of the Consolidated Entity for the year ended 30 June 2026. OPERATIONS Exultant Mining Limited (Exultant or Consolidated Entity) (formerly Exultant Mining Pty Ltd) was incorporated in Western Australia on 31 January 2025 as a proprietary Company limited by shares. The Company was formed for the purpose of acquiring, exploring and developing mineral resource projects in Australia and overseas. During the year, the Consolidated Entity has:  undertaken pre-listing activities, including raising seed capital; and  identified the Black Hammer Project (comprising exploration licence EL9332), the Peak View Project (comprising exploration licences EL8931 and EL9411) and the Deep Dykes Project (comprising exploration licenses E29/1155, E29/1156 and E29/1154) (together, the Projects) pursuant to three acquisition agreements (the Acquisition Agreements) as well as applied for additional tenements including EL9826 “Tuglow” and EL9913 “Swatchfield” (both part of Black Hammer) and Mt Hope E30/590 (part of Deep Dykes);  listed on the ASX. The tenements comprising the Black Hammer Project and the Peak View Project are located in New South Wales and are considered prospective for copper, zinc, silver, gold and nickel. The tenements comprising the Deep Dykes Project are located in Western Australia and are considered prospective for gold and lithium. Completion of settlement under each of the Acquisition Agreements occurred during the year. Black Hammer Project The Black Hammer Project comprises three exploration licences for approximately 390km2 of tenure located approximately 130kms west of Sydney. The licence straddles the top of the Great Dividing Range with elevations between 1,000m and 1,350m. The area is used for grazing and pine plantation forestry. During the period, field activities commenced at the Black Hammer Project 30km south of Oberon in New South Wales, marking the first phase of systematic exploration across this highly prospective asset within the Macquarie Arc. Work focused on initial reconnaissance, validation of historical prospects, land access progression and consolidation of tenure to support future exploration. A reconnaissance field program was undertaken across the project area, incorporating geological mapping, prospect validation and rock chip sampling. A total of 76 rock chip samples were collected from multiple priority prospects, including Porters Retreat, AC Prospect, Watsons Prospect and the Hughes Copper Prospect (Figure 1). Sampling targeted outcropping mineralised and altered zones associated with intrusive centres, vein systems and hydrothermal alteration within volcanic and volcaniclastic sequences. All samples were submitted for comprehensive multi-element and gold analysis, with encouraging gold and polymetallic results returned from several prospects, including 0.103 g/t Au from stockwork quartz veining at the AC Prospect (sample 9332-098), and 0.322 g/t Au, 7.36 g/t Ag and 4,570 ppm Pb (sample 9826-002)1 from the Hughes Copper Prospect, confirming the presence of gold and base metal mineralisation associated with quartz veining and historic workings. The Black Hammer rock chip dataset will be integrated with geological mapping, historical datasets and planned geophysical surveys to refine geological interpretations and prioritise targets for follow-up exploration across the project area. DIRECTORS’ REPORT continued Exultant Mining Limited 3 At Porters Retreat, reconnaissance mapping confirmed the presence of silica-chlorite altered monzonite and diorite/monzodiorite intrusions exhibiting strong oxidation after sulphides and textures that are consistent with a multiphase intrusive system. At the AC Prospect, fieldwork confirmed and extended a north-northeast trending quartz-vein system associated with a historical gold-in-stream anomaly, with mapping extending the vein swarm approximately 900m along strike, where it remains open. The Watsons Prospect was confirmed as a large, untested hydrothermal system characterised by widespread silica– chlorite–albite–pyrite alteration and sulphide-bearing quartz veining, with coincident historical Cu-Zn soil anomalism extending over several kilometres. A key milestone during the quarter was the granting of Exploration Licence EL9826 ("Tuglow"), which expanded the Black Hammer Project footprint and consolidated tenure around the historic Tuglow Copper Mines. These workings reported exceptionally high historical copper and precious metal grades of up to 14% Cu, 26.4 g/t Au, 283 g/t Ag, 23.02% Pb and 13.1% Zn2 however, despite these results, the workings have not been subject to modern exploration. Progress was also made toward securing land access over this area, with verbal commitments received and formal agreements expected in the near term. During the June 2026 quarter, the NSW Resources Regulator granted EL9913 “Swatchfield”, previously ELA7018. The licence comprises 17 map units, or approximately 53km², and forms part of the Black Hammer Project near Oberon in New South Wales (Fig. 1). Following grant of EL9913, the Black Hammer Project comprises Porters Retreat EL9332, Tuglow EL9826 and Swatchfield EL9913, increasing the Company’s landholding to approximately 390km². Swatchfield is underlain by Macquarie Arc volcanic and sedimentary rocks of the Rockley Volcanics, intruded by multiple granitic bodies including the Isabella and Black Springs Granites. Historical exploration identified gold anomalism associated with the Isabella Granite contact, including multiple anomalous rock chip samples and historical rock chip results of up to 10.67g/t Au3 at the Swatchfield Prospect. These historical results provide a basis for follow-up exploration but require appropriate context and validation where used in future reporting. Overall, the quarter established a strong technical and operational foundation at Black Hammer, with reconnaissance activities confirming multiple high-quality targets and setting the stage for planned geochemical sampling, geophysical surveys, air core drilling and targeted follow-up drilling commencing in 2026. DIRECTORS’ REPORT continued Exultant Mining Limited 4 Figure 1. EL9332 & EL9826 (previously ELA6915) and EL9913 (previously ELA7018) comprising the Black Hammer Project overlaid on Lachlan Orogen geology Peak View Project The Peak View Project comprises two exploration licenses EL9411 (32 units) and EL8931 (10 units) located approximately 35kms north-east of Cooma in New South Wales (Fig. 2). The project has a comprehensive historic database including extensive soil geochemistry and drilling. During the period, Exultant Mining Limited made significant progress advancing the Peak View Project, with activities focused on validating historical exploration results, establishing a geological model and preparing the project for systematic follow-up exploration. A reconnaissance field program was completed across the project area to ground-truth historical data, confirm geological interpretations and assess known prospects. DIRECTORS’ REPORT continued Exultant Mining Limited 5 Field mapping successfully verified the location of key lithological boundaries, including the prospective contact between coarse- and fine-grained rhyolitic volcanic units within a broader sedimentary sequence. Importantly, this volcanic package was traced approximately 450m north-northwest beyond previously mapped extents, expanding the interpreted prospective package. Historical workings at the Big Badja Silver Mine, Undoo Creek, and the Peak View Prospect (Fig. 2) were independently located and validated using handheld GPS. As part of the reconnaissance program, a total of 16 rock chip samples were collected from priority prospects, including eight samples from the Big Badja Silver Mine, two from Undoo Creek and six from the Balerion Prospect (formerly known as Peak View). The Balerion Prospect is the most advanced of all the prospects and comprises a polymetallic (Cu–Pb–Zn–Ag–Au) sulphide system hosted within a narrow Silurian volcanic package of the Yalmy Group, where mineralisation occurs at or near the contact between two felsic volcanic units and comprises disseminated to massive base-metal sulphides. Historical drilling by WMC, Denehurst and Ironbark returned several high-grade but generally narrow intercepts1 , including:  PVD003: 2.1 m @ 1.79% Cu, 5.89% Pb, 11.83% Zn & 105 g/t Ag from 32.2 m  PVD007: 2.7 m @ 3.0% Cu, 1.41% Pb, 3.88% Zn & 52 g/t Ag from 91.0 m  PV002: 1.5 m @ 0.40% Cu, 3.25% Pb, 5.10% Zn & 188 g/t Ag from 164.1 m  PVI008: 0.8 m @ 1.21% Cu, 11.60% Pb, 22.0% Zn, 0.50 g/t Au & 119 g/t Ag from 152.6 m Large sections of the prospective volcanic horizon remain untested, highlighting the potential for strike and depth extensions. Notably, the extensions to the high-grade system have never been assessed using modern surface geochemistry or geophysics. Rock chip samples from all prospects were submitted for multi-element ICP-MS analysis (ME-MS61) and fire assay for gold (Au-AA23) and returned encouraging gold and silver grades, confirming the presence of high-grade mineralisation within known and emerging prospects. Results included values of up to 5.42 g/t Au (sample 8931-009, Fig. 3) from the Undoo Creek prospect and 256 g/t Ag & 4.82% Pb (sample 8931- 006) from the historic Big Badja Silver Mine4 , supporting historical exploration data and validating current geological interpretations. The results demonstrate the prospectivity of the mineralised systems at Peak View and provide strong justification for planned follow-up mapping, surface geochemistry, geophysical surveys and drill targeting. DIRECTORS’ REPORT continued Exultant Mining Limited 6 Figure 2. Peak View Project – Regional geology showing key prospect locations DIRECTORS’ REPORT continued Exultant Mining Limited 7 Figure 3. Rock chip sample 8931-009: Quartz-pyrite veining from the Undoo Creek prospect - 5.42g/t Au During the June quarter, Exultant reported the results of induced polarisation and ground gravity surveys completed at the Balerion Prospect. These surveys were designed to test the previously defined 900m- long Cu-Pb-Zn-Ag-Au soil anomaly and refine targets for drilling. The dipole-dipole IP survey comprised four east-west oriented lines, each 1.6km long and spaced 200m apart with 50m electrode spacing. The ground gravity survey comprised 136 stations collected on a 100m x 100m grid. The integrated datasets defined multiple high-priority target zones, including: • A western chargeability anomaly coincident with a 1.1km long gravity high adjacent to the Peak View Thrust • A strong coincident chargeability and resistive high beneath the widest part of the multi-element soil anomaly • Resistivity-low anomalies located down-dip of known massive sulphide mineralisation (Fig. 4) DIRECTORS’ REPORT continued Exultant Mining Limited 8 Figure 4. Cross section 6006835N (+/-20m) looking north showing untested resistivity low anomaly (green shells) down-dip from PVI006 (4.4m @ 342.7g/t Ag, 4% Pb, 1.1% Cu, 0.74g/t Au & 0.84% Zn from 48.7m)5 The Company also noted that the Peak View Thrust is interpreted as the southern continuation of the Narongo Fault, which hosts the Captains Flat VMS deposit and multiple mineral occurrences along strike. This regional comparison should be treated as geological context only and is not necessarily indicative of mineralisation at Balerion. Following integration of the geochemical and geophysical datasets, Exultant finalised a 12-hole targeted RC drilling program at the Balerion Prospect. During the June quarter, the Company renamed the Peak View Prospect to the Balerion Prospect following advancement of the target to drill-ready status. The broader Peak View Project name remains unchanged. The planned drillholes were designed to test a combination of undrilled anomalies, structurally favourable positions and down-dip extensions to known mineralisation (Fig. 5). Target styles included coincident chargeability-resistivity highs, resistivity-low anomalies interpreted down-dip of known sulphide mineralisation, and chargeability-gravity anomalies proximal to interpreted structural corridors. DIRECTORS’ REPORT continued Exultant Mining Limited 9 Figure 5. Section 6006850mN (+/-25m) showing planned drillhole PVRC_L targeting a resistive low anomaly (green shells) directly down dip of PVI008 (pictured: 0.8m @ 22% Zn, 11.6% Pb, 1.2% Cu, 155g/t Ag, 0.5g/t Au from 152.6m5 ), along the same prospective horizon. Drilling approval was received from the NSW Resources Regulator during the quarter, with earthworks and drilling contractors secured. Site preparation was completed and the maiden drilling program commenced on 26 May 2026. The planned 3,425m program represented the first systematic test of targets generated from Exultant’s modern integrated exploration work at Balerion. Samples from the drilling program are being submitted for laboratory analysis during and following completion of the program. Results will be released progressively once received, interpreted and validated. Deep Dykes Project The Deep Dykes Project comprises three exploration licences E29/1155, E29/1156, E29/1154 located ~100kms northwest of Menzies in Western Australia. It is approximately 100 km² located within the Ularring greenstone belt, the western most part of the Kalgoorlie Terrane of the Archaean Yilgarn Craton in Western Australia. The area is considered highly prospective for gold and lithium with several discoveries having been made in the region. The Project area hosts favourable lithologies, including mafic and ultramafic sequences, felsic intrusives, and banded iron formations, all of which are regionally associated with orogenic gold mineralisation. In addition, the proximity to the Ida Fault Zone provides a potential structural conduit for mineralising fluids, analogous to gold deposits elsewhere in the belt. DIRECTORS’ REPORT continued Exultant Mining Limited 10 Collectively, these factors underscore the prospectivity of the tenure and highlight the need for systematic soil and auger geochemistry, which represents the logical first phase of modern exploration aimed at identifying concealed gold systems. No work was completed on the Deep Dykes assets during the reporting period. Work to start in the second half of 2026. 1 - See ASX announcement "10X Commences Exploration with Key Land Access Granted" – 16th December 2025 2 - Carne, J. E., 1908. The Copper-Mining Industry and the Distribution of Copper Ores in New South Wales 3 - See ASX 10X announcement "Prospective Gold Tenement Granted at Black Hammer" - 18th May 2026 4 - See ASX announcement "Exceptional Results Up to 5.42g/t Au & 256g/t Ag Peak View" – 21st Jan 2026 5 - See ASX 10X announcement "Drilling Approval Received & High Priority Targets Finalised" - 7th May 2026 ENVIRONMENTAL REGULATION The Consolidated Entity is subject to significant environmental and monitoring requirements in respect of its natural resources exploration activities. The Directors are not aware of any significant breaches of these requirements during the period. The Consolidated Entity’s principal activities are exploration for gold and base metals. MATERIAL BUSINESS RISKS The Consolidated Entity’s exploration and evaluation operations will be subject to the normal risks of mineral exploration. The material business risks that may affect the Consolidated Entity are summarised below. Risk Summary Limited history The Company was incorporated on 31 January 2025 and therefore has limited operational history and historical financial performance. The prospects of the Consolidated Entity must be considered in light of the risks and difficulties frequently encountered by companies in the early stages of their development, particularly in the mineral exploration sector, which has a high level of inherent risk and uncertainty. No assurance can be given that the Consolidated Entity will achieve commercial viability through the exploration and development of the Projects. Exploration and development risks Mineral exploration, development and mining activities are high-risk undertakings that may be impeded by circumstances and factors beyond the control of the Consolidated Entity. There can be no assurance that exploration on the Consolidated Entity’s tenements, or any other mineral properties that may be acquired in the future, will result in the discovery of an economic ore deposit. Even if an apparently viable deposit is identified, there is no guarantee that it can be economically exploited. Exploration costs The exploration costs of the Consolidated Entity are based on certain assumptions with respect to the method and timing of exploration. By their nature, these estimates and assumptions are subject to significant uncertainties and, therefore, the actual costs may materially differ from these estimates and assumptions. Accordingly, no assurance can be given that the cost estimates and the underlying assumptions will be realised in practice, which may materially and adversely affect the Consolidated Entity’s viability. DIRECTORS’ REPORT continued Exultant Mining Limited 11 Tenements Interests in all tenements in Australia are governed by the respective State and Territory legislation and are evidenced by the granting of licences or leases. Each licence or lease is for a specific term and carries with it annual expenditure and reporting commitments, as well as other conditions requiring compliance. Consequently, the Consolidated Entity could lose title to, or its interest in, tenements if licence conditions are not met or if insufficient funds are available to meet expenditure commitments. The maintaining of exploration licences, obtaining renewals, or getting additional exploration or mining licences granted, often depends on the Consolidated Entity being successful in obtaining the required statutory approvals for its proposed activities and that the licences, concessions, leases, permits or consents it holds will be renewed as and when required. There is no assurance that such renewals will be given as a matter of course and there is no assurance that new conditions (such as increased expenditure and work commitments) will not be imposed in connection with any such renewals. The imposition of new conditions or the inability to meet those conditions may adversely affect the operations, financial position and/or the performance of the Consolidated Entity. Environmental risks Mineral exploration and development activities have inherent risks and liabilities associated with safety and damage to the environment, and the disposal of waste products. The occurrence of any such safety or environmental incident could delay exploration programs. Events such as unpredictable rainfall or bushfires, may impact on the Consolidated Entity’s ongoing compliance with environmental legislation, regulations and licences. Significant liabilities could be imposed on the Consolidated Entity for damages, clean-up costs or penalties in the event of certain discharges into the environment, environmental damage caused by previous operations or non-compliance with environmental laws or regulations. Future capital requirements As an exploration and development Consolidated Entity, the Consolidated Entity does not operate on a cashflow positive basis and is reliant on raising funds from investors in order to continue to fund its operations and execute on its exploration and development strategy. The funds to be raised under the IPO are considered sufficient to meet the immediate objectives of the Consolidated Entity. However, the Consolidated Entity’s capital requirements depend on numerous factors and the Consolidated Entity will require additional debt or equity financing in the future to maintain or grow its business in addition to funds raised under the IPO. There can be no assurance that the Consolidated Entity will be able to secure additional capital from debt or equity financing on favourable terms or at all. The Consolidated Entity may also seek to raise funds through earn-in and joint ventures, production sharing arrangements or other means. If the Consolidated Entity is unable to raise additional capital if and when required, this could delay, suspend or reduce the scope of the Consolidated Entity’s business operations (including scaling back exploration and development programs) and could have a material adverse effect on the Consolidated Entity’s operating and financial performance. Any additional equity financing may result in dilution for some or all shareholders, and debt financing, if available, may involve restrictive covenants which limit operations and business strategy. PRINCIPAL ACTIVITIES The principal activity of the entity during the financial year was acquiring a portfolio of exploration properties in New South Wales and Western Australia through the initial public offer prospectus. DIRECTORS’ REPORT continued Exultant Mining Limited 12 CORPORATE  On 2 July 2025 o Brett Grosvenor was appointed as Executive Chair of the Company o Lincoln Ho was appointed as Non-Executive Director of the Company  On 3 July 2025 the Company changed from Exultant Mining Pty Ltd to Exultant Mining Limited  On 5 September 2025 the Company issued 3,200,000 seed shares at a price of $0.10 for a total consideration of $320,000  On 8 December 2025 the Company: o issued 25,000,000 IPO shares at a price of $0.20 for a total consideration of $5,000,000 o issued 4,000,000 vendor shares at a deemed issue price of $0.20 for a total deemed consideration of $800,000 o issued 1,500,000 unlisted options with an exercise price of $0.30 each expiring 9 December 2028 to Directors o issued 1,500,000 unlisted options with an exercise price of $0.30 each expiring 9 December 2028 to vendors o issued 4,000,000 unlisted options with an exercise price of $0.30 each expiring 9 December 2028 to brokers o acquired 100% of the issued capital of: ▪ Peak View Exploration Pty Ltd ▪ Deep Dykes Pty Ltd (which includes Core Minerals Pty Ltd and the Deep Dykes project) o acquired the Black Hammer project  On 3 February 2026 the Company: o Granted 150,000 Tranche A performance rights expiring 3 February 2029 vesting upon completion of the Peak View maiden drilling (1,000m) to an employee under the Company’s Employee Securities Incentive Plan o Granted 150,000 Tranche B performance rights expiring 3 February 2029 vesting upon completion of the Black Hammer maiden drilling (1,000m) to an employee under the Company’s Employee Securities Incentive Plan o Granted 350,000 Tranche C performance rights expiring 3 February 2029 vesting upon the Company’s share price being above $0.40 based on the VWAP over 20 trading days to an employee under the Company’s Employee Securities Incentive Plan o Granted 350,000 Tranche D performance rights expiring 3 February 2029 vesting upon the Company’s share price being above $0.40 based on the VWAP over 20 trading days to an employee under the Company’s Employee Securities Incentive Plan (refer to Note 14)  On 11 February 2026 the Company issued 200,000 shares in lieu of services performed (refer to Note 13) DIRECTORS The names of Directors who held office during or since the end of the year: Name Title Brett Grosvenor Non-Independent Executive Chairman (appointed 2 July 2025) Alan Armstrong Independent Non-Executive Director Lincoln Ho Independent Non-Executive Director (appointed 2 July 2025) DIRECTORS’ REPORT continued Exultant Mining Limited 13 COMPANY SECRETARY Name Title Amanda Wilton-Heald Company Secretary DIRECTORS’ QUALIFICATIONS AND EXPERIENCE The Directors’ qualifications and experience are set out below: Current Directors Director Details Brett Grosvenor Qualifications B Eng. MBA Position Non-Independent Executive Chairman Appointment Date 2 July 2025 Resignation Date N/A Length of Service 1 year 2 months Biography Mr Grosvenor is an experienced executive with over 25 years’ experience in the mining and power industry. Brett has held senior executive positions with a number of companies including director of development of Primero Group, focused on the development of projects from initial concept through to contract delivery and operation. He is a member of the Project Steering Group for Patriot Battery Metals. Current ASX Listed Directorships Firebird Metals Limited [ASX:FRB] Carbine Resources Ltd [ASX:CRB] Former ASX Listed Directorships within last 3 years Firetail Resources Ltd [ASX:FTL] Perpetual Resources Limited [ASX:PEC] Alan Armstrong Qualifications B.Bus CA GAICD Position Independent Non-Executive Director Appointment Date 11 March 2025 Resignation Date N/A Length of Service 1 year 5 months Biography Mr Armstrong is an experienced company director with a demonstrated history of working in the mining & metals industry. He currently serves as Company Secretary for several listed ASX companies including, Broken Hill Mines Limited (formerly Coolabah Metals Limited) [ASX:BHM], Cooper Metals Limited [ASX:CPM], First Lithium Limited [ASX:FL1], Titanium Sands Limited [ASX:TSL]. Current ASX Listed Directorships M3 Mining Limited [ASX:M3M] Former ASX Listed Directorships within last 3 years None DIRECTORS’ REPORT continued Exultant Mining Limited 14 Lincoln Ho Qualifications Position Independent Non-Executive Director Appointment Date 2 July 2025 Resignation Date N/A Length of Service 1 year 2 months Biography Mr Ho has more than eight years in ASX listed company directorship experience, providing a wide range of business and strategic advice to small cap unlisted and listed public companies. Mr Ho possesses significant experience in mining exploration and investor relations. Current ASX Listed Directorships Auking Mining Limited [ASX:AKN] Former ASX Listed Directorships within last 3 years Aldoro Resources Limited [ASX:ARN] Redcastle Resources Limited [ASX:RC1] Red Mountain Mining Limited [ASX:RMX] Askari Metals Limited [ASX: AS2] Former Directors None during the past year. MEETINGS OF DIRECTORS The number of meetings held during the year and the number of meetings attended by each Director was as follows: Board Audit & Risk Committee Nomination Committee Remuneration Committee ESG Committee Number of Meetings Held 5 1 1 1 1 Number of Meetings Attended: Brett Grosvenor1 5 1 1 1 1 Alan Armstrong 5 1 1 1 1 Lincoln Ho1 5 1 1 1 1 1 Appointed 2 July 2025. DIRECTORS’ REPORT continued Exultant Mining Limited 15 COMPANY SECRETARY Company Secretary Details Amanda Wilton-Heald Qualifications BCom, CA Position Company Secretary Appointment Date 31 January 2025 Resignation Date N/A Biography Amanda Wilton-Heald is a Chartered Accountant with over 25 years of accounting, auditing (of both listed and non-listed companies) and company secretarial experience in both Australia and the UK. Amanda has been involved in the listing of junior explorer companies on the ASX and has experience in corporate advisory and company secretarial services. SHARES UNDER OPTION AND PERFORMANCE RIGHT There are 7,000,000 unissued ordinary shares of the Company under option and 1,000,000 unissued ordinary shares of the Company under performance right at the date of this report. SHARES ISSUED ON THE EXERCISE OF OPTIONS OR CONVERSION OF PERFORMANCE RIGHTS There were nil ordinary shares of the Company issued during the financial year ended 30 June 2026 and up to the date of this report on the exercise of options or on the conversion of performance rights. DIRECTORS’ INTERESTS AND BENEFITS The movement during the reporting year in the number of fully paid ordinary shares of the Company held directly, indirectly or beneficially, by each Director or key management personnel, including their personally-related entities is as follows: Director No. Shares Held at 1 July 2025 Purchases Exercise of Options Other Changes No. Shares Held at 30 June 2026 No. Shares Held at Date of this Report Brett Grosvenor2 Directly - - - - - - Indirectly - 1,250,000 - - 1,250,000 1,250,000 Alan Armstrong Directly - - - - - - Indirectly - - - - - - Lincoln Ho2 Directly - 550,000 - - 550,000 550,000 Indirectly - - - - - - Total - 1,800,000 - - 1,800,000 1,800,000 2 Appointed 2 July 2025. DIRECTORS’ REPORT continued Exultant Mining Limited 16 The movement during the reporting year in the number of options over ordinary shares of the Company held directly, indirectly or beneficially, by each Director or key management personnel, including their personally-related entities is as follows: Director No. Options Held at 1 July 2025