<SEC-DOCUMENT>0001140361-26-002121.txt : 20260123
<SEC-HEADER>0001140361-26-002121.hdr.sgml : 20260123
<ACCEPTANCE-DATETIME>20260123085337
ACCESSION NUMBER:		0001140361-26-002121
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20260123
FILED AS OF DATE:		20260123
DATE AS OF CHANGE:		20260123

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ioneer Ltd
		CENTRAL INDEX KEY:			0001896084
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			C3
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41412
		FILM NUMBER:		26553473

	BUSINESS ADDRESS:	
		STREET 1:		140 ARTHUR STREET
		STREET 2:		SUITE 5.03, LEVEL 5
		CITY:			NORTH SYDNEY
		STATE:			C3
		ZIP:			NSW 2060
		BUSINESS PHONE:		61(2)99225800

	MAIL ADDRESS:	
		STREET 1:		140 ARTHUR STREET
		STREET 2:		SUITE 5.03, LEVEL 5
		CITY:			NORTH SYDNEY
		STATE:			C3
		ZIP:			NSW 2060
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ef20063736_6k.htm
<DESCRIPTION>6-K
<TEXT>
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      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
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      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 18pt; font-weight: bold;">FORM 6-K</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">
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      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 of the</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Securities Exchange Act of 1934</div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">For the month of January 2026</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Commission File Number:</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;<font style="font-weight: bold;">001-41412</font></font></div>
      <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><font style="font-weight: bold;"> <br>
          </font></font></div>
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      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 24pt; font-weight: bold;">ioneer Ltd</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">(Translation of registrant&#8217;s name into English)</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">
        <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 20%; color: #000000;"></div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Suite 16.01, 213 Miller Street</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">North Sydney, NSW, 2060, Australia</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">(Address of principal executive offices)</div>
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      <div style="text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
      </div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
      </div>
      <div style="text-indent: 108pt; font-family: 'Times New Roman', serif; font-size: 14pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Form 20-F &#9746;&#160; &#160; Form 40-F &#9744;</font></div>
      <div style="text-indent: 108pt; font-family: 'Times New Roman', serif; font-size: 14pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> <br>
        </font></div>
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      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">EXHIBIT INDEX</div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;">The following exhibits are filed as part of this Form 6-K:</div>
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              <div style="text-align: center;">Exhibit</div>
            </td>
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              <div>Description</div>
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            <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman'; font-size: 10pt;" colspan="1">&#160;</td>
            <td style="width: 9%; vertical-align: bottom; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</td>
            <td style="vertical-align: bottom; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</td>
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            <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;" colspan="1">&#160;</td>
            <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">
              <div><a href="ef20063736_ex99-1.htm">99.1</a></div>
            </td>
            <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</td>
            <td style="width: 89.1%; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">
              <div>&#160;Quarterly Report for the Three Months ended December 31, 2025</div>
            </td>
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      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SIGNATURE</div>
      <div style="text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> <br>
        </font></div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
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              <div>ioneer Ltd</div>
            </td>
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            <td style="width: 50%; vertical-align: bottom; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</td>
            <td style="vertical-align: bottom; font-family: 'Times New Roman'; font-size: 10pt;" colspan="3">
              <div>(registrant)</div>
            </td>
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            <td style="width: 50%; vertical-align: bottom; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</td>
            <td style="vertical-align: bottom; font-family: 'Times New Roman'; font-size: 10pt;" colspan="3">&#160;</td>
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              <div>Date: January 23, 2026</div>
            </td>
            <td style="width: 3%; vertical-align: bottom; padding-bottom: 2px;">
              <div><font style="font-family: 'Times New Roman'; font-size: 10pt;">By:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 10pt; font-family: 'Times New Roman';"> <br>
                </font></div>
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            <td style="width: 27%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);"><font style="font-family: 'Times New Roman'; font-size: 10pt;">/s/ April Hashimoto</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 10pt; font-family: 'Times New Roman';"><br>
              </font></td>
            <td style="width: 20%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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              <div>Name:<br>
              </div>
            </td>
            <td style="width: 45%; vertical-align: bottom; font-family: 'Times New Roman'; font-size: 10pt;">April Hashimoto</td>
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            <td style="width: 50%; vertical-align: bottom; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</td>
            <td style="width: 5%; vertical-align: bottom; font-family: 'Times New Roman'; font-size: 10pt;">
              <div>Title:<br>
              </div>
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            <td style="width: 45%; vertical-align: bottom; font-family: 'Times New Roman'; font-size: 10pt;">Chief Financial Officer</td>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20063736_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="font-weight: bold; text-align: right;">Exhibit 99.1<br>
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      <div style="font-size: 10pt;">&#160;<br>
      </div>
      <div style="color: rgb(38, 92, 138); font-size: 28pt; font-weight: bold;">QUARTERLY ACTIVITIES REPORT</div>
      <div style="font-size: 10pt; font-weight: bold;">&#160;&#160; <br>
      </div>
      <div style="font-size: 16pt; font-weight: bold;">For the period ending 31 December 2025</div>
      <div style="color: rgb(66, 165, 163); font-size: 10pt; font-weight: bold;">&#160; <br>
      </div>
      <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">Highlights</div>
      <div style="font-size: 10pt;">&#160; <br>
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            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 12pt;"><font style="color: rgb(0, 0, 0);">Further Leach Optimisation </font><font style="font-weight: bold; color: rgb(0, 0, 0);">Enhances Project Economics</font></div>
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            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 12pt;">o</td>
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              <div style="color: rgb(0, 0, 0); font-size: 12pt;">19% increase in unlevered life of mine <font style="font-weight: bold;">NPV</font> to <font style="font-weight: bold;">US$2,237 million</font></div>
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            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 12pt;">o</td>
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              <div style="color: rgb(0, 0, 0); font-size: 12pt;">8% increase in unlevered life of mine <font style="font-weight: bold;">IRR</font> to <font style="font-weight: bold;">18%</font></div>
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            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 12pt;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-size: 12pt;"><font style="font-weight: bold;">9% increase in annual lithium </font>hydroxide production to 27,800 tpa</div>
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            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 12pt;">o</td>
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              <div style="color: rgb(0, 0, 0); font-size: 12pt;"><font style="font-weight: bold;">7% increase in annual boric acid production</font> to 135,500 tpa</div>
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            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 12pt;">o</td>
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              <div style="color: rgb(0, 0, 0); font-size: 12pt;"><font style="font-weight: bold;">All-in sustaining cash cost of US$4,628</font> per metric tonne lithium carbonate equivalent</div>
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            <td style="width: 13.5pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 12pt;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-size: 12pt;">Ongoing engagement with U.S. Government and potential Strategic Partners</div>
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            <td style="width: 13.5pt; vertical-align: top; color: rgb(0, 0, 0); font-size: 12pt;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-size: 12pt;">Boron added to the US Government&#8217;s Critical Minerals list and highlighted for domestic small-scale processing</div>
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      <font style="font-size: 10pt;">&#160; </font><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;"><font style="font-weight: bold; color: rgb(66, 165, 163);">23 January 2026</font><font style="color: rgb(66, 165, 163);">&#160;</font><font style="font-weight: bold;">&#8211; Ioneer Ltd (&#8220;Ioneer&#8221; </font>or the<font style="font-weight: bold;"> &#8220;Company&#8221;) (ASX: INR, Nasdaq: IONR)</font>,<font style="font-weight: bold;">&#160;</font>an emerging lithium-boron supplier, is pleased to report on its activities for the quarter ending 31 December 2025 (the &#8220;<font style="font-weight: bold;">December 2025 Quarter</font>&#8221;) and provide an update on the development of its 100%-owned Rhyolite Ridge Lithium-Boron Project (&#8220;<font style="font-weight: bold;">Rhyolite Ridge</font>&#8221; or the &#8220;<font style="font-weight: bold;">Project</font>&#8221;). <font style="font-weight: bold;">Bernard Rowe</font>, Ioneer&#8217;s Managing Director, said,<font style="font-style: italic;"> &#8220;The work completed on Rhyolite Ridge during the December quarter, including the significantly
        improved economics announced in October, continues our significant progress as we stand ready to reduce American dependence on foreign suppliers of critical minerals by developing the only permitted, shovel-ready lithium-boron project in the United
        States.&#8221;<br>
      </font></div>
    <div style="text-align: justify; font-size: 11pt;"><font style="font-style: italic;"> <br>
      </font></div>
    <div style="text-align: justify; font-size: 11pt;"><font style="font-style: italic;"><font style="font-size: 10pt;"> </font></font></div>
    <font style="font-size: 10pt;"> </font>
    <div style="text-align: justify; font-size: 11pt;"><font style="font-style: italic;"><font style="font-size: 10pt;"> </font></font></div>
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        </table>
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        </table>
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    </div>
    <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;"><font style="font-size: 10pt;"></font>Leach Optimisation Drives Higher Throughput and Operational Improvements</div>
    <div style="text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;">&#160; </font><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Following the Company&#8217;s announcement of the quadrupling of ore reserves in the June 2025 quarter, Ioneer announced material improvements in project economics for Rhyolite Ridge<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> in the
      September 2025 quarter. In October 2025, Ioneer announced further improvements in the Project economics<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>.</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">In 2025, Ioneer focused on increasing lithium yield and optimising reagent efficiency as reagents and transportation comprise more than half of expected Project operating costs. This study work
      concluded that, without changing the acid plant output (3500 MT/d), mine production (ROM) could be increased by up to 25% and 40% if the total leach duration was reduced from 3 days (DFS) to 2 days (September 2025) and 1.5 days respectively. Although
      there is a minimal reduction in overall lithium and boron recoveries, there is a material increase in net chemical production due to additional ore being processed.&#160; Reagents include sulphur, lime and soda ash.</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Ioneer engaged the independent services of Independent Mining Consultants, Inc. to compile and complete the updated South Basin Mineral Resource estimate incorporating the reduced retention time in the
      vat leach from three (3) days to two (2) days and then to one and a half (1.5) days. The change in leach time allows additional ore to be processed with the same amount of acid. The impact to the Mineral Resource is a 1.7% increase in tonnage above
      cutoff (due to lower processing cost) with a 3.2% reduction in recovered boric acid and a 1.7% reduction in recovered lithium carbonate (lower recoveries due to shorter leach time).</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">The prioritisation of high boron (&#8220;<font style="font-weight: bold;">Hi-B</font>&#8221;) ore in the first 25 years results in a substantial amount of stockpiling of low boron (&#8220;<font style="font-weight: bold;">Lo-B</font>&#8221;) ore. This is reflected in the materially lower average Life-of Mine (&#8220;<font style="font-weight: bold;">LOM</font>&#8221;) mining cost of $9.60 versus $18.00. Most of the ore being processed in the later years comes from stockpiles.
      Recent testwork has shown that Lo-B ore can be upgraded by a factor of between 1.4-2.0 times using gravitational concentration, making this material an ideal candidate feed for a future Stage 2 plant dedicated to Lo-B ore. For further information
      please refer to Company announcement &#8220;Ioneer Announces Results of Initial Upgrading Testwork Demonstrating Growth Optionality&#8221; dated 6 May 2025.</div>
    <div style="text-align: justify; font-size: 11pt;"> <br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 11pt;">The current 77-year mine plan is made up entirely of Reserve material (100%), and of that, approximately 35% is Proved Ore Reserve. The resource flexibility allows for a potential
      extension to the life of the mine or expansion opportunities in the future. The Resource and Reserve are summarised in Table 1 and 2 below.</div>
    <font style="font-size: 10pt;">&#160;</font><br>
    <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
    <div style="color: rgb(0, 0, 0); font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;<font style="font-size: 8pt;">See ASX announcement titled &#8220;Leach Optimisation and New Mine Plan Yields Material Improvement in Project Economics&#8221; dated 3 September 2025.</font></div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>&#160;<font style="font-size: 8pt;">See ASX announcement titled &#8220;Further Leach Optimisation Enhances Project Economics&#8221; dated 29 October 2025.</font></div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-size: 10pt;">&#160; </font><br>
      </font></div>
    <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageFooter" style="width: 100%;">
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            <tr>
              <td style="vertical-align: top; width: 50%; color: rgb(0, 0, 0); font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-align: left; text-transform: none;"><font class="BRPFPageNumber">2</font></td>
              <td style="width: 50%; text-align: right;"><img height="55" width="200" border="0" src="image00007.jpg"></td>
            </tr>

        </table>
      </div>
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              </td>
              <td style="width: 50%; text-align: right;"><img height="70" width="300" border="0" src="image00008.jpg"></td>
            </tr>

        </table>
      </div>
    </div>
    <div style="font-size: 12pt; font-style: italic;"><font style="font-weight: bold;">Table 1:</font> Summary comparison of the current Ore Reserve against the previous August 2025 Ore Reserve</div>
    <div style="font-size: 12pt; font-style: italic;"><font style="font-size: 10pt;">&#160;</font><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z3dc2fbd59999474096e1deeb6cec3c4d">

          <tr>
            <td nowrap="nowrap" style="width: 14.61%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">Group</div>
            </td>
            <td nowrap="nowrap" style="width: 15%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">Classification</div>
            </td>
            <td nowrap="nowrap" style="width: 10.55%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">Tonnes</div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">(Mt)</div>
            </td>
            <td nowrap="nowrap" style="width: 9.75%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">Li</div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">(ppm)</div>
            </td>
            <td nowrap="nowrap" style="width: 9.75%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 12pt; font-weight: bold;">B</div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 12pt; font-weight: bold;">(ppm)</div>
            </td>
            <td nowrap="nowrap" style="width: 10.98%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 12pt; font-weight: bold;">Li<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub>CO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub></div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 12pt; font-weight: bold;">(wt. %)</div>
            </td>
            <td nowrap="nowrap" style="width: 10.11%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">H<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub>BO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub></div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">(wt. %)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.87%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">Li<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub>CO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub></div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">(kt)</div>
            </td>
            <td nowrap="nowrap" style="width: 9.08%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">H<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub>BO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub></div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 11pt; font-weight: bold;">(kt)</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="width: 14.61%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div>&#160;</div>
              <div style="text-align: center;">October 2025</div>
              <div style="text-align: center;">Reserve</div>
            </td>
            <td style="width: 15%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Proved</div>
            </td>
            <td style="width: 10.55%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">91.6</div>
            </td>
            <td style="width: 9.75%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">1,575</div>
            </td>
            <td style="width: 9.75%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">6,460</div>
            </td>
            <td style="width: 10.98%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">0.84</div>
            </td>
            <td style="width: 10.11%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">3.69</div>
            </td>
            <td style="width: 8.87%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">768</div>
            </td>
            <td style="width: 9.08%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">3,384</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Probable</div>
            </td>
            <td style="width: 10.55%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">173.9</div>
            </td>
            <td style="width: 9.75%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">1,373</div>
            </td>
            <td style="width: 9.75%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">4,401</div>
            </td>
            <td style="width: 10.98%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">0.73</div>
            </td>
            <td style="width: 10.11%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">2.52</div>
            </td>
            <td style="width: 8.87%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">1,271</div>
            </td>
            <td style="width: 9.08%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">4,377</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: middle; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Total</div>
            </td>
            <td style="width: 10.55%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">265.5</div>
            </td>
            <td style="width: 9.75%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">1.443</div>
            </td>
            <td style="width: 9.75%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">5.112</div>
            </td>
            <td style="width: 10.98%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">0.77</div>
            </td>
            <td style="width: 10.11%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">2.92</div>
            </td>
            <td style="width: 8.87%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">2,039</div>
            </td>
            <td style="width: 9.08%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">7,761</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="width: 14.61%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div>&#160;</div>
              <div style="text-align: center;">August 2025</div>
              <div style="text-align: center;">Reserve</div>
            </td>
            <td style="width: 15%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Proved</div>
            </td>
            <td style="width: 10.55%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">89.5</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">1,574</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">6,589</div>
            </td>
            <td style="width: 10.98%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">0.84</div>
            </td>
            <td style="width: 10.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">3.77</div>
            </td>
            <td style="width: 8.87%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">750</div>
            </td>
            <td style="width: 9.08%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">3.373</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Probable</div>
            </td>
            <td style="width: 10.55%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">170.8</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">1.386</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">4,473</div>
            </td>
            <td style="width: 10.98%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">0.74</div>
            </td>
            <td style="width: 10.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">2.56</div>
            </td>
            <td style="width: 8.87%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">1,260</div>
            </td>
            <td style="width: 9.08%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">4,369</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: middle; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Total</div>
            </td>
            <td style="width: 10.55%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">260.3</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">1,451</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">5,201</div>
            </td>
            <td style="width: 10.98%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">0.77</div>
            </td>
            <td style="width: 10.11%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">2.97</div>
            </td>
            <td style="width: 8.87%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">2,010</div>
            </td>
            <td style="width: 9.08%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">7,742</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="width: 14.61%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div>&#160;</div>
              <div style="text-align: center; font-style: italic;">Variation</div>
            </td>
            <td style="width: 15%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">Proved</div>
            </td>
            <td style="width: 10.55%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">2.1</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">1,618</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">962</div>
            </td>
            <td style="width: 10.98%; vertical-align: middle; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 10.11%; vertical-align: middle; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.87%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">18</div>
            </td>
            <td style="width: 9.08%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">Probable</div>
            </td>
            <td style="width: 10.55%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">3.1</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">657</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">434</div>
            </td>
            <td style="width: 10.98%; vertical-align: middle; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 10.11%; vertical-align: middle; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.87%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">11</div>
            </td>
            <td style="width: 9.08%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: middle; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic; font-weight: bold;">Total</div>
            </td>
            <td style="width: 10.55%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic; font-weight: bold;">5.2</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic; font-weight: bold;">1,045</div>
            </td>
            <td style="width: 9.75%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic; font-weight: bold;">647</div>
            </td>
            <td style="width: 10.98%; vertical-align: middle; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 10.11%; vertical-align: middle; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.87%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">29</div>
            </td>
            <td style="width: 9.08%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">19</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="font-size: 10pt; font-style: italic;"><font style="font-weight: bold;">&#160;<br>
      </font></div>
    <div style="font-size: 12pt; font-style: italic;"><font style="font-weight: bold;">Table 2:</font> Summary comparison of the current Mineral Resource Estimate (October 2025) against the previous Mineral Resource Estimate (August 2025)</div>
    <div style="font-size: 10pt; font-style: italic;">&#160;<br>
    </div>
    <div style="font-size: 12pt; font-style: italic;">
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z910c92fc80af4f90920e3ee8db0453cd">

          <tr>
            <td style="width: 12.78%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">Processing</div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">Stream</div>
            </td>
            <td style="width: 13%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">Group</div>
            </td>
            <td style="width: 15.24%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">Classification</div>
            </td>
            <td style="width: 9.54%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">Tonnes</div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">(M)</div>
            </td>
            <td style="width: 8.37%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">Li</div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">(ppm)</div>
            </td>
            <td style="width: 8.37%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">B</div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">(ppm)</div>
            </td>
            <td style="width: 8.43%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">Li<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub>CO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub></div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">(wt. %)</div>
            </td>
            <td style="width: 8.41%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">H<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub>BO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub></div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">(wt. %)</div>
            </td>
            <td style="width: 8.43%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">Li<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">2</sub>CO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub></div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">(kt)</div>
            </td>
            <td style="width: 9.03%; vertical-align: middle; background-color: rgb(66, 165, 163); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">H<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub>BO<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub></div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt; font-weight: bold;">(kt)</div>
            </td>
          </tr>
          <tr>
            <td rowspan="9" style="width: 12.78%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt; font-weight: bold;">Combined</div>
              <div style="text-align: center; font-size: 10pt; font-weight: bold;">Streams</div>
            </td>
            <td rowspan="3" style="width: 13%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">October</div>
              <div style="text-align: center; font-size: 10pt;">2025</div>
              <div style="text-align: center; font-size: 10pt;">Resource</div>
            </td>
            <td style="width: 15.24%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">Mea + Ind</div>
            </td>
            <td style="width: 9.54%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">440.3</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">1,424</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">5,026</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">0.76</div>
            </td>
            <td style="width: 8.41%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">2.87</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">3,337</div>
            </td>
            <td style="width: 9.03%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">12,655</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15.24%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">Inf</div>
            </td>
            <td style="width: 9.54%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">108.3</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">1,310</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">3,384</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">0.70</div>
            </td>
            <td style="width: 8.41%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">1.93</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">755</div>
            </td>
            <td style="width: 9.03%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">2,095</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15.24%; vertical-align: middle; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt; font-weight: bold;">Total</div>
            </td>
            <td style="width: 9.54%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">548.6</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">1,401</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">4,701</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">0.75</div>
            </td>
            <td style="width: 8.41%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">2.69</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">4,092</div>
            </td>
            <td style="width: 9.03%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">14,750</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="width: 13%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">August</div>
              <div style="text-align: center; font-size: 10pt;">2025</div>
              <div style="text-align: center; font-size: 10pt;">Resource</div>
            </td>
            <td style="width: 15.24%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">Mea + Ind</div>
            </td>
            <td style="width: 9.54%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">434.3</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">1,437</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">5,092</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">0.76</div>
            </td>
            <td style="width: 8.41%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">2.91</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">3,321</div>
            </td>
            <td style="width: 9.03%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">12,645</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15.24%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">Inf</div>
            </td>
            <td style="width: 9.54%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">105.1</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">1,332</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">3,472</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">0.71</div>
            </td>
            <td style="width: 8.41%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">1.99</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">745</div>
            </td>
            <td style="width: 9.03%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">2,088</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15.24%; vertical-align: middle; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt; font-weight: bold;">Total</div>
            </td>
            <td style="width: 9.54%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">539.5</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">1,417</div>
            </td>
            <td style="width: 8.37%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">4,776</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">0.75</div>
            </td>
            <td style="width: 8.41%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2.73</div>
            </td>
            <td style="width: 8.43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">4,067</div>
            </td>
            <td style="width: 9.03%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">14,733</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="width: 13%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt; font-style: italic;">Variation</div>
            </td>
            <td style="width: 15.24%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">Mea + Ind</div>
            </td>
            <td style="width: 9.54%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt; font-style: italic;">6.0</div>
            </td>
            <td style="width: 8.37%; vertical-align: top; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.37%; vertical-align: top; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.43%; vertical-align: top; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.43%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt; font-style: italic;">16</div>
            </td>
            <td style="width: 9.03%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt; font-style: italic;">101</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15.24%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt;">Inf</div>
            </td>
            <td style="width: 9.54%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt; font-style: italic;">3.2</div>
            </td>
            <td style="width: 8.37%; vertical-align: top; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.37%; vertical-align: top; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.43%; vertical-align: top; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; background-color: rgb(242, 242, 242); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.43%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt; font-style: italic;">10</div>
            </td>
            <td style="width: 9.03%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt; font-style: italic;">7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15.24%; vertical-align: middle; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-size: 10pt; font-style: italic; font-weight: bold;">Total</div>
            </td>
            <td style="width: 9.54%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">9.1</div>
            </td>
            <td style="width: 8.37%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.37%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.43%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.43%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">25</div>
            </td>
            <td style="width: 9.03%; vertical-align: top; background-color: rgb(217, 217, 217); border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">17</div>
            </td>
          </tr>

      </table>
      <font style="font-size: 10pt;">&#160;</font><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">The updated stage one operation with reduced leach times and higher plant throughput result in improved project economics, further enhancing the attractiveness of Rhyolite Ridge. The updated findings
      position Ioneer, on an LCE basis, in the lowest cost quartile for lithium production globally with an estimated all-in sustaining cash cost to produce battery grade lithium hydroxide of US$4,628 and a C1 cash cost of $2,933 per tonne net of expected
      boric acid revenue in the first 25 years.</div>
    <div style="text-align: justify; font-size: 10pt;">&#160;<br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Rhyolite Ridge has a stable overall operating cost structure to produce lithium carbonate and battery grade lithium hydroxide due to the scale and reliability of its boric acid revenue. Boron has
      remained one of the most stable natural resource commodities over many decades.</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageFooter" style="width: 100%;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

            <tr>
              <td style="vertical-align: top; width: 50%; color: rgb(0, 0, 0); font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-align: left; text-transform: none;"><font class="BRPFPageNumber">3</font></td>
              <td style="width: 50%; text-align: right;"><img height="55" width="200" border="0" src="image00007.jpg"></td>
            </tr>

        </table>
      </div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div class="BRPFPageHeader" style="width: 100%;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

            <tr>
              <td style="width: 50%; font-size: 8pt;"><br>
              </td>
              <td style="width: 50%; text-align: right;"><img height="70" width="300" border="0" src="image00008.jpg"></td>
            </tr>

        </table>
      </div>
    </div>
    <div style="font-size: 12pt; font-style: italic; font-weight: bold;">Table 3: Key Parameters for 1.5 Day Leach</div>
    <div style="font-size: 12pt; font-style: italic; font-weight: bold;"><font style="font-size: 10pt;">&#160; </font><br>
    </div>
    <div style="font-size: 12pt; font-style: italic; font-weight: bold;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z05d403ad78f54eca84a9c1b75e544f50">

          <tr>
            <td style="background-color: rgb(215, 239, 239); border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) rgb(255, 255, 255) rgb(255, 255, 255) rgb(0, 0, 0); vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">June 2025</div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">3-day leach</div>
            </td>
            <td style="background-color: #D7EFEF; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #FFFFFF; border-right: 1px solid #FFFFFF; border-top: 1px solid #000000; vertical-align: middle; width: 34%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">Life of Mine</div>
            </td>
            <td style="background-color: #D7EFEF; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #000000; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">October 2025</div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">1.5-day leach</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">$1,367 million</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(255, 255, 255);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Unlevered NPV<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">8</sub></div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">$2,237 million</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">$497 million</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(255, 255, 255);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Avg. LOM Annual Revenue</div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">$608 million</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">17,200 tpa</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(255, 255, 255);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Avg. LOM LCE Prod. pa</div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">20,400 tpa</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">60,400 tpa</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(255, 255, 255);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Avg. LOM Boric Acid Prod. pa</div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">70,700 tpa</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">246.6 Mt</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(255, 255, 255);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Ore Processed</div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">265.5 Mt</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">95 years</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(255, 255, 255);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Life of Project</div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">77 years</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">$319 million</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(255, 255, 255);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Average Annual EBITDA</div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%; padding: 0px 0px 1px;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">$417 million</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">$1,668 million</div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">AACE Class 2 estimate</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(255, 255, 255);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Capital Costs</div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #FFFFFF; border-left: 2px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">$1,683 million</div>
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">AACE Class 2 estimate</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">$1,830 million</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(255, 255, 255);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Sustaining Capex</div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #FFFFFF; border-left: 2px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">$2,168 million</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">14.5%</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(255, 255, 255);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Unlevered IRR</div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #FFFFFF; border-left: 2px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">18.0%</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">8 years (from operations)</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(255, 255, 255);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Payback Period</div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #FFFFFF; border-left: 1px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">7 years (from start of operations)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">P65</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px 2px 1px; border-style: solid; border-color: rgb(255, 255, 255) rgb(255, 255, 255) rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Confidence Level</div>
            </td>
            <td style="background-color: #42A5A3; border-bottom: 1px solid #000000; border-left: 1px solid #FFFFFF; border-right: 1px solid #000000; border-top: 1px solid #FFFFFF; vertical-align: middle; width: 33.33%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-size: 10pt;">P65</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt; font-weight: 400;">&#160;<br>
    </div>
    <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">Government and Strategic Partner Engagement</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">In June 2025, Ioneer launched a formal strategic partnering process to identify a strong equity partner to help accelerate the development of Rhyolite Ridge and advance the Project into production.</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">The strategic process is ongoing and Ioneer is in active discussions with a number of parties. Given the current industry conditions and geopolitical environment, this process is expected to conclude
      in the first half of 2026.<br>
      <font style="font-size: 10pt;">&#160;</font><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">In November, Boron was added to the U.S. Department of Interior updated Final 2025 List of Critical Minerals and in December, the U.S. Military announced plans to develop small-scale refineries to
      produce critical minerals, specifically mentioning doing so for boron. Given the critical minerals production transactions announced with the support of the U.S. Government in the second half of 2025, and Rhyolite Ridge&#8217;s status as the only
      permitted, shovel-ready lithium-boron project in the U.S., Ioneer will continue to explore such options as part of the strategic partnering process.</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">On 14 January 2026, President Trump released a proclamation titled &#8220;Adjusting Imports of Processed Critical Minerals and their Derivative Products into the United States&#8221;. Within this document, the
      President described processed critical minerals and their derivative products as being essential to national security and indispensable to almost every industry, including national defence programs and critical infrastructure.&#160; Ioneer sees this
      proclamation as further evidence of the U.S. government&#8217;s strong support for the development of new mining, processing and refining of boron and lithium within the United States.</div>
    <div style="text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;">&#160;</font><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Goldman Sachs &amp; Co. LLC is assisting with the strategic partnering process and acting as financial advisor to Ioneer.</div>
    <div style="text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;">&#160; </font><br>
    </div>
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    </div>
    <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">Rhyolite Ridge Permitting</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">The Bureau of Land Management (&#8220;<font style="font-weight: bold;">BLM</font>&#8221;) issued a favourable Record of Decision (ROD) on 24 October 2024, authorizing the Plan of Operations and completing the
      National Environmental Policy Act (&#8220;<font style="font-weight: bold;">NEPA</font>&#8221;) process.</div>
    <div style="text-align: justify; font-size: 11pt;"> <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">The State of Nevada issued the final revision of the Class II Air Operating Permit on 21 July 2025, and the final modified Water Pollution Control Permit on 8 August 2025, which aligned operational
      aspects of the Project to the approved Mine Plan of Operations. Ioneer now holds all significant Federal and State authorizations required for construction of Rhyolite Ridge.</div>
    <div style="text-align: justify; font-size: 11pt;"> <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">In October 2024, the Center for Biological Diversity filed a federal lawsuit against the BLM decision. In November 2024, Ioneer filed a motion to intervene<font style="font-size: 12pt;">&#160;</font>and
      join the federal government in its defence, which the court allowed in January 2025. Briefing on merits of the case was completed in December 2025. The parties have filed the last of their merits briefing and the case is ready for review by the
      court. The court may choose to hear oral argument before issuing a decision on the case.</div>
    <div style="font-size: 10pt;">&#160;<br>
    </div>
    <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">Sales &amp; Marketing</div>
    <div style="font-size: 10pt; font-weight: bold;">&#160;<br>
    </div>
    <div style="font-size: 12pt; font-weight: bold;">Lithium Market and Price</div>
    <div><font style="font-size: 10pt;">&#160;</font><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">According to Benchmark Minerals, global electric vehicle (&#8220;<font style="font-weight: bold;">EV</font>&#8221;) sales reached 20.7 million units in 2025, up 20% from the previous year. EV markets in Europe,
      China, and the rest of the world grew by 33%, 17%, and 48%, respectively, while U.S. sales increased by only 1%, indicating weaker momentum following the reduction of federal tax incentives and policy support. Canada experienced a 41% decline in EV
      sales, whereas Mexico saw a 29% increase. Southeast Asia saw a nearly two-fold increase in Chinese EV imports.</div>
    <div style="text-align: justify; font-size: 10pt;">&#160;<br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Wood Mackenzie projects global lithium demand to grow at a compound annual growth rate (&#8220;<font style="font-weight: bold;">CAGR</font>&#8221;) of 8.9% from 2025 to 2035, with growth peaking above 13% in 2026
      before moderating to 7&#8211;10% annually from 2027 onward. Battery-grade lithium carbonate will account for the largest share of demand, driven by China&#8217;s preference for Lithium Iron Phosphate cathodes, increasing international adoption, and rising energy
      storage system (&#8220;<font style="font-weight: bold;">ESS</font>&#8221;) demand. Battery-grade lithium carbonate demand is forecast to grow at an 8% CAGR, reaching approximately 2.1 million tonnes of lithium carbonate equivalent (&#8220;<font style="font-weight: bold;">LCE</font>&#8221;) by 2035. Demand for battery-grade lithium hydroxide is expected to increase at a higher rate, with strong growth from 2032 onwards, supported by nickel-rich cathode chemistries such as Nickel-Cobalt-Aluminum or NCE and
      Nickel-Manganese-Cobalt or NMC, with projected growth of 12% per annum, reaching 1.4 million tonnes LCE by 2035.</div>
    <div style="text-align: justify; font-size: 10pt;">&#160;<br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">The lithium chemicals market is expected to remain oversupplied in the medium term, with surplus peaking in 2027 at 579 kt LCE, equivalent to 29% of demand. Battery-grade chemicals will experience the
      fastest growth but remain comparatively tight due to stricter quality requirements, especially for battery-grade lithium hydroxide.</div>
    <div style="text-align: justify; font-size: 10pt;"><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">In 2025, an estimated 8% supply shortfall contributed to a price rally late in the December 2025 Quarter. The market is expected to shift into surplus in 2026 as new capacity ramps up and demand for
      high-nickel cathodes remains subdued. Base-case surpluses are forecast to peak at 231 kt LCE in 2027 and increase to 353 kt LCE in 2028. As growth in demand eventually outpaces additions to supply, battery-grade lithium markets are expected to
      tighten ahead of the broader chemicals sector, with structural deficits emerging from 2031 onward.</div>
    <div style="text-align: justify; font-size: 10pt;"><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">With the supply shortfall in 2025, lithium prices rose in the December 2025 Quarter. Spot Asia average CIF battery-grade lithium carbonate increased from US$9,600/tonne to US$13,750/tonne, while
      battery-grade lithium hydroxide rose from US$9,380/tonne to US$14,500/tonne, representing increases of 43% and 54.5%, respectively. The rally was driven by stronger converter demand, inventory reductions, and supply disruptions. Prices continued to
      rise in January 2026, reaching approximately US$20,250/tonne for lithium carbonate and US$20,750/tonne for lithium hydroxide.</div>
    <div style="font-size: 10pt;">&#160;<br>
    </div>
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              <td style="width: 50%; text-align: right;"><img height="70" width="300" border="0" src="image00008.jpg"></td>
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    </div>
    <div style="font-size: 12pt; font-weight: bold;">Boric Acid Market and Price</div>
    <div style="text-align: justify; font-size: 10pt;"><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Boric acid demand was strong in 2025, led by construction, electronics, defence, and agriculture, with increased use in fiberglass and automotive applications, supported by growth in Asia-Pacific
      industrialization. Despite some market shifts, demand remained strong in the second half of 2025<font style="color: rgb(10, 10, 10);">. Asia-Pacific is the largest and fastest-growing market, with a strong electronics sector. Expanding agricultural
        activities boosted demand for boron-based fertilizers and pesticides.</font></div>
    <div style="text-align: justify; font-size: 11pt;"><font style="color: rgb(10, 10, 10);"> <br>
      </font></div>
    <div style="text-align: justify; color: rgb(33, 33, 33); font-size: 11pt;">The global boric acid market has shifted from a slight supply surplus in the first six months of 2025 to near equilibrium in the second half of 2025, with the average price in
      Asia-Pacific rising by 10%. Boric acid demand remains strong, exceeding 2024 levels, and shows resilience despite recent US-China tariff tensions. The higher US import tariff on boric acid has caused shifts in global supply dynamics between U.S.,
      Chinese, Russian and Chilean producers.</div>
    <div style="font-size: 10pt;"><br>
    </div>
    <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">Environmental, Health, Safety &amp; Sustainability (EHSS) Program</div>
    <div style="font-size: 10pt; font-weight: bold;">&#160;<br>
    </div>
    <div style="font-size: 12pt; font-weight: bold;">Sustainability Road Mapping /External Disclosure Alignment</div>
    <div style="font-size: 12pt; font-weight: bold;"><font style="font-size: 10pt;">&#160; </font><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Ioneer has committed to participate in the S&amp;P Global 2025 Corporate Sustainability Assessment with a submission of information completed in October 2025. The 2025 S&amp;P Global Assessment Report
      was published in December 2025 and confirms Ioneer&#8217; s continued prioritization of sustainable development.</div>
    <font style="font-size: 10pt;">&#160;</font>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">Environmental Regulatory Compliance</div>
    <div style="text-align: justify; font-size: 10pt; font-weight: bold;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Ioneer continues to maintain compliance with the issued State of Nevada Water Pollution Control Permit, Class 2 Air Permit and newly acquired State Reclamation permit. No compliance issues were noted
      during the December 2025 Quarter and Ioneer continues to report ongoing monitoring and compliance related activities as required under these obligations.</div>
    <div style="text-align: justify; font-size: 10pt; font-weight: bold;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">Health &amp; Safety</div>
    <div style="text-align: justify; font-size: 10pt; font-weight: bold;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">During the quarter, Ioneer reported no lost time incidents, first aid incidents, or fatalities for Ioneer employees.</div>
    <div style="text-align: justify; font-size: 10pt; font-weight: bold;"><br>
    </div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">Tiehm&#8217;s buckwheat</div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;"><font style="font-size: 10pt;">&#160;</font><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Tiehm&#8217;s buckwheat conservation efforts continued at the Company&#8217;s dedicated greenhouse in Nevada during the quarter and focussed on the germination and propagation of new seedlings, and supporting the
      flowering and pollination of existing plants. The Company continues to demonstrate the ability to grow and reproduce Tiehm&#8217;s buckwheat from seed in a variety of soil types including soils that are low in both lithium and boron.</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Significant enhancements were completed at the Company&#8217;s greenhouse during the quarter to maximize available space for plant growth and seed production. These upgrades included the construction of a
      dedicated office and a specialized seed germination area, enabling more efficient operations and improved workflow. As shown in the table below, these improvements will contribute to future seed germination and overall plant inventories beyond 2025.</div>
    <div style="text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;">&#160; </font><br>
    </div>
    <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageFooter" style="width: 100%;">
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              <td style="width: 50%; text-align: right;"><img height="55" width="200" border="0" src="image00007.jpg"></td>
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    <div style="font-size: 12pt; font-style: italic; font-weight: bold;">Ioneer Greenhouse Tiehm&#8217;s Buckwheat Plant Inventory</div>
    <div style="font-size: 10pt; font-style: italic; font-weight: bold;">&#160; <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z790e95c0cf264db3b6e37e4368bbe10d">

        <tr>
          <td style="width: 20%; vertical-align: top; background-color: rgb(0, 32, 96); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-family: 'Calibri Light',sans-serif; font-size: 10pt; font-weight: bold;">2021</div>
          </td>
          <td style="width: 20%; vertical-align: top; background-color: rgb(0, 32, 96); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-family: 'Calibri Light',sans-serif; font-size: 10pt; font-weight: bold;">2022</div>
          </td>
          <td style="width: 20%; vertical-align: top; background-color: rgb(0, 32, 96); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-family: 'Calibri Light',sans-serif; font-size: 10pt; font-weight: bold;">2023</div>
          </td>
          <td style="width: 20%; vertical-align: top; background-color: rgb(0, 32, 96); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-family: 'Calibri Light',sans-serif; font-size: 10pt; font-weight: bold;">2024</div>
          </td>
          <td style="width: 20%; vertical-align: top; background-color: rgb(0, 32, 96); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-family: 'Calibri Light',sans-serif; font-size: 10pt; font-weight: bold;">2025</div>
          </td>
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          <td style="width: 20%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">102</div>
          </td>
          <td style="width: 20%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">136</div>
          </td>
          <td style="width: 20%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">220</div>
          </td>
          <td style="width: 20%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">341</div>
          </td>
          <td style="width: 20%; vertical-align: top; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">962</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;">&#160; </font><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Ioneer continues to work closely with the BLM and U.S. Fish and Wildlife Service (&#8220;<font style="font-weight: bold;">USFWS</font>&#8221;) to finalize the various Tiehm's buckwheat Applicant Proposed
      Conservation Measure Protocol and Procedure documents as outlined in the BLM's Record of Decision and USFWS Biological Opinion. As of the end of the December 2025 Quarter, 8 of the 12 Protocol and Procedure documents have been Issued for use, 2 have
      completed agency review, and the remaining 2 are expected to be issued for use during the quarter ended 31 March 2026 (&#8220;<font style="font-weight: bold;">Q1 2026</font>&#8221;). Further towards the conservation of Tiehm's buckwheat, Ioneer voluntarily
      initiated the development of a Controlled Propagation Plan in collaboration with USFWS and BLM. The objectives of this multi-year effort are to establish new populations of Tiehm's buckwheat outside the Project area to promote redundancy,
      representation and resilience in the species.</div>
    <div style="font-size: 10pt;">&#160;<br>
    </div>
    <div style="text-align: justify; color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">Community &amp; Tribal Nations</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Ioneer continues to engage with local communities and Tribal Nations to address any environmental and social concerns and enhance local economic opportunities.</div>
    <div><font style="font-size: 10pt;">&#160;</font><br>
    </div>
    <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">Engineering</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 12pt;"><font style="font-size: 11pt;">To enhance project economics and ensure adaptability to the evolving lithium market, Ioneer has advanced the Lithium Hydroxide Plant (&#8220;</font><font style="font-size: 11pt; font-weight: bold;">LiOH Plant</font><font style="font-size: 11pt;">&#8221;) to facilitate earlier conversion of the battery grade lithium carbonate into battery grade lithium hydroxide monohydrate, from a planned start in year 4 of operations to
        year 3. An update of the 2021 scoping study Class IV estimate of the LiOH Plant to PFS Class III estimate was completed by Atkins Realis to improve estimation accuracy and project sustaining capital cost (&#8220;</font><font style="font-size: 11pt; font-weight: bold;">Capex</font><font style="font-size: 11pt;">&#8221;). The production advantages of an onsite lithium hydroxide circuit will result in a lower capital cost per tonne of lithium hydroxide, and a substantially lower net operating cost to
        convert lithium carbonate to lithium hydroxide relative to industry averages.</font></div>
    <div style="text-align: justify; font-size: 12pt;"><font style="font-size: 11pt;"> <br>
      </font></div>
    <div style="text-align: justify; font-size: 11pt;">Turner &amp; Townsend performed an independent evaluation of the Project cost estimate, schedule, and risk profile. The review team was composed of professionals with specialized expertise in capital
      cost estimating, project scheduling, and risk management. This independent perspective provides an objective review of the Project and enhances confidence in the Project's planning and execution strategy. The evaluation concluded that:</div>
    <div style="text-align: justify; font-size: 11pt;"> <br>
    </div>
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        <tr>
          <td style="width: 54pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-size: 11pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 11pt;">The cost estimate is classified as a good quality Class 2 estimate based on a well-defined scope of work as illustrated by the quality of engineering deliverables.</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
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          <td style="width: 54pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-size: 11pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 11pt;">The schedule demonstrates strong foundational quality in key areas such as schedule logic, building methodology, aligned WBS structure, and comprehensive labor resource loading for construction scope. Several areas
              of improvement to enhance schedule reliability, transparency, and execution readiness were also identified.</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="zfcc77c3d13774ebabb20f46a783afe6b">

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          <td style="width: 54pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-size: 11pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 11pt;">The risk management audit confirmed that there is an established framework for managing project risks, with several key components in place such as a risk register, risk strategy, and quantitative analyses.</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
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      <div class="BRPFPageFooter" style="width: 100%;">
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              <td style="vertical-align: top; width: 50%; color: rgb(0, 0, 0); font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-align: left; text-transform: none;"><font class="BRPFPageNumber">7</font></td>
              <td style="width: 50%; text-align: right;"><img height="55" width="200" border="0" src="image00007.jpg"></td>
            </tr>

        </table>
      </div>
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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              </td>
              <td style="width: 50%; text-align: right;"><img height="70" width="300" border="0" src="image00008.jpg"></td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: justify; font-size: 11pt;">Metallurgical test work to optimize the vat leaching system was completed with the objective to identify opportunities to increase overall lithium and boron production.</div>
    <div style="text-align: justify; font-size: 11pt;"> <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">The program concluded that the optimum metallurgical lithium and boron yield (tonnes of product per tonne of acid applied) could be achieved if the leach duration was reduced to 1.5 days. The increased
      lithium and boron production is achieved by increasing overall ore throughput (reducing the acid/ore ratio) by limiting the extent of unwanted gangue extraction and therefore non-productive acid consumption.</div>
    <div style="text-align: justify; font-size: 11pt;"> <br>
    </div>
    <div style="font-size: 11pt;">Work to prepare an updated technical report under Subpart 1300 of the U.S. Securities and Exchange Regulation S-K that incorporates the impact of the reduced leach duration to 1.5 days is underway with the issuance of the
      final report expected in the first half of 2026.</div>
    <div style="font-size: 10pt;">&#160;<br>
    </div>
    <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">Organic Growth Projects</div>
    <div style="text-align: justify; font-size: 10pt; font-weight: bold;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">EcoPro Lithium Clay Project</div>
    <div style="text-align: justify; font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">The EcoPro Lithium Clay Research &amp; Development project team has completed development of the commercially feasible process flow sheet in the December 2025 Quarter. The EcoPro Innovation and Ioneer
      senior management committee will evaluate the business feasibility and determine the timing for advancing to next steps in the six-month period ending 30 June 2026 (&#8220;<font style="font-weight: bold;">H1 2026</font>&#8221;).</div>
    <div style="font-size: 10pt;">&#160;<br>
    </div>
    <div style="text-align: justify; color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;"> Corporate Activities</div>
    <div style="text-align: justify; font-size: 10pt; font-weight: bold;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">Change in Financial Year End and Annual General Meeting</div>
    <div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 10pt;">&#160; <br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 11pt;">As previously announced, the Board of Directors resolved to change the Company&#8217;s financial year from 1 July &#8211; 30 June, to 1 January &#8211; 31 December. The details for the Annual
        General Meeting for the stub period of 1 July 2025 to 31 December 2025, will be announced in Q1 2026.</div>
    </div>
    <div style="text-align: justify; font-size: 10pt; font-weight: bold;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">Appointments of New Chief Financial Officer and New Company Secretary</div>
    <div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 11pt;"><font style="font-size: 10pt;">&#160; </font><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 11pt;">In November 2025, the Company announced the appointment of April Hashimoto as Interim Chief Financial Officer and the appointment of Olga Smejkalova of Acclime Corporate Services
        Australia Pty Ltd as Company Secretary.&#160; In December 2025, Ian Bucknell, stepped down as Chief Financial Officer and Company Secretary, to pursue interests in another industry, after seven years of service with Ioneer.</div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 11pt;"> <br>
      </div>
    </div>
    <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageFooter" style="width: 100%;">
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            <tr>
              <td style="vertical-align: top; width: 50%; color: rgb(0, 0, 0); font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-align: left; text-transform: none;"><font class="BRPFPageNumber">8</font></td>
              <td style="width: 50%; text-align: right;"><img height="55" width="200" border="0" src="image00007.jpg"></td>
            </tr>

        </table>
      </div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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              </td>
              <td style="width: 50%; text-align: right;"><img height="70" width="300" border="0" src="image00008.jpg"></td>
            </tr>

        </table>
      </div>
    </div>
    <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">Update to Estimated Project Timeline</div>
    <div style="font-size: 11pt;"><font style="font-size: 10pt;">&#160; </font><br>
    </div>
    <div style="font-size: 11pt;">Ioneer&#8217;s estimated timing* for Rhyolite Ridge is as follows:</div>
    <div style="font-size: 11pt;"> <br>
    </div>
    <div style="font-size: 11pt;">
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          <tr>
            <td colspan="1" style="background-color: #DAEEF3; border-bottom: 4px double; border-left: 4px double; border-top: 4px double; vertical-align: top; width: 1%;">&#160;</td>
            <td style="background-color: #DAEEF3; border-bottom: 4px double; border-top: 4px double; vertical-align: top; width: 30%;">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt; font-weight: bold;">Milestone</div>
            </td>
            <td colspan="1" style="background-color: #DAEEF3; border-bottom: 4px double; border-right: 1px solid; border-top: 4px double; vertical-align: top; width: 1%;">&#160;</td>
            <td colspan="1" style="background-color: #DAEEF3; border-bottom: 4px double; border-top: 4px double; vertical-align: top; width: 1%;">&#160;</td>
            <td style="background-color: #DAEEF3; border-bottom: 4px double; border-right: 1px solid; border-top: 4px double; vertical-align: top; width: 23.9%;">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt; font-weight: bold;">Targeted timing*</div>
            </td>
            <td colspan="1" style="background-color: #DAEEF3; border-bottom: 4px double; border-top: 4px double; vertical-align: top; width: 1%;">&#160;</td>
            <td style="background-color: #DAEEF3; border-bottom: 4px double; border-right: 4px double; border-top: 4px double; vertical-align: top; width: 42%;">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt; font-weight: bold;">Note</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="border-left: 4px double rgb(0, 0, 0); vertical-align: top; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 30%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Issuance of updated SEC S-K 1300 Technical Report Summary</div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td colspan="1" style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 23.9%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt;">H1 2026</div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="border-right: 4px double rgb(0, 0, 0); vertical-align: top; width: 42%; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td colspan="1" style="border-left: 4px double rgb(0, 0, 0); vertical-align: top; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 30%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Targeted completion of Strategic Partner process</div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td colspan="1" style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 23.9%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt;">H1 2026</div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="border-right: 4px double rgb(0, 0, 0); vertical-align: top; width: 42%; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt;">The strategic partnering process is ongoing.</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="border-left: 4px double rgb(0, 0, 0); vertical-align: top; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 30%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Targeted Final Investment Decision</div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td colspan="1" style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 23.9%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt;">TBA</div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="border-right: 4px double rgb(0, 0, 0); vertical-align: top; width: 42%; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Dependent on outcomes of Strategic Partnering Process and requirement to refresh Project economics.</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="border-bottom: 4px double; border-left: 4px double #000000; vertical-align: top; width: 1%;">&#160;</td>
            <td style="border-bottom: 4px double #000000; vertical-align: top; width: 30%;">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Construction</div>
            </td>
            <td colspan="1" style="border-bottom: 4px double #000000; border-right: 1px solid; vertical-align: top; width: 1%;">&#160;</td>
            <td colspan="1" style="border-bottom: 4px double #000000; vertical-align: top; width: 1%;">&#160;</td>
            <td style="border-bottom: 4px double #000000; border-right: 1px solid; vertical-align: top; width: 23.9%;">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Circa 36 months</div>
            </td>
            <td colspan="1" style="border-bottom: 4px double #000000; vertical-align: top; width: 1%;">&#160;</td>
            <td style="border-bottom: 4px double; border-right: 4px double #000000; vertical-align: top; width: 42%;">
              <div style="font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Includes supply of long-lead items and construction. Subject to lead times and when orders are placed.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><font style="font-size: 10pt;"></font><br>
    </div>
    <div>*As of the date of this quarterly, and subject to change.</div>
    <div style="font-size: 10pt;">&#160;<br>
    </div>
    <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">Upcoming Work Program</div>
    <font style="font-size: 10pt;">&#160; </font><br>
    <div style="font-size: 11pt;">The work program over the coming months includes:</div>
    <div style="font-size: 11pt;"><font style="font-size: 10pt;">&#160;</font><br>
    </div>
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          <td style="width: 17.85pt;"><br>
          </td>
          <td style="width: 24.7pt; vertical-align: top; color: rgb(38, 92, 138); font-size: 11pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-size: 11pt;">Issue technical report under Subpart 1300 of the U.S. Securities and Exchange Regulation S-K that incorporates the impact of the reduced leach duration to 1.5 days</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z500d0d75217e4c9d89b9046e13d0f9ce">

        <tr>
          <td style="width: 17.85pt;"><br>
          </td>
          <td style="width: 24.7pt; vertical-align: top; color: rgb(38, 92, 138); font-size: 11pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-size: 11pt;">Complete a strategic partnering process for the Rhyolite Ridge Project</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z68150b168f1b4c78933489a002418b33">

        <tr>
          <td style="width: 17.85pt;"><br>
          </td>
          <td style="width: 24.7pt; vertical-align: top; color: rgb(38, 92, 138); font-size: 11pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-size: 11pt;">Make a Final Investment Decision</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">ASX Additional Information</div>
    <div style="text-align: justify; font-size: 11pt;"> <br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">The Company provides the following information pursuant to ASX Listing Rule requirements.</div>
    <div style="text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;">&#160;</font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z0f9bd1105412429896677ced1d223fc3">

        <tr>
          <td style="width: 17.85pt;"><br>
          </td>
          <td style="width: 24.7pt; vertical-align: top; font-size: 11pt;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 11pt;"><font style="font-weight: bold;">ASX LR 5.3.1:</font> Exploration and Evaluation Expenditure during the quarter was US$2.75 million.&#160; Details of the exploration activity are set out in this report.&#160; A breakdown of
              the expenditure is shown below:</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 40%; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; text-align: left;" id="za319d011564241139eb2b658ed633175">

          <tr>
            <td colspan="1" style="background-color: #DAEEF3; border-bottom: 1px solid #000000; border-left: 4px double; border-top: 4px double; vertical-align: bottom; width: 1%;">&#160;</td>
            <td style="background-color: #DAEEF3; border-bottom: 1px solid #000000; border-right: 1px solid; border-top: 4px double; vertical-align: bottom; width: 24%;">
              <div style="color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt; font-weight: bold;">Expenditure</div>
            </td>
            <td style="background-color: #DAEEF3; border-bottom: 1px solid #000000; border-right: 4px double; border-top: 4px double; vertical-align: bottom; width: 15%;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt; font-weight: bold;">US$<font style="font-family: 'Times New Roman',serif;">&#8217;</font>000</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); vertical-align: bottom; width: 1%;">&#160;</td>
            <td style="width: 24%; vertical-align: bottom; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Exploration</div>
            </td>
            <td style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 4px double rgb(0, 0, 0); vertical-align: bottom; width: 15%;">
              <div style="text-align: right; margin-right: 16pt; color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">0</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); vertical-align: bottom; width: 1%;">&#160;</td>
            <td style="width: 24%; vertical-align: bottom; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Engineering</div>
            </td>
            <td style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 4px double rgb(0, 0, 0); vertical-align: bottom; width: 15%;">
              <div style="text-align: right; margin-right: 16pt; color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">1,354</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); vertical-align: bottom; width: 1%;">&#160;</td>
            <td style="width: 24%; vertical-align: bottom; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Environmental</div>
            </td>
            <td style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 4px double rgb(0, 0, 0); vertical-align: bottom; width: 15%;">
              <div style="text-align: right; margin-right: 16pt; color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">688</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); vertical-align: bottom; width: 1%;">&#160;</td>
            <td style="width: 24%; vertical-align: bottom; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Sales &amp; Marketing</div>
            </td>
            <td style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 4px double rgb(0, 0, 0); vertical-align: bottom; width: 15%;">
              <div style="text-align: right; margin-right: 16pt; color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">90</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="border-bottom: 4px double #000000; border-left: 4px double #000000; vertical-align: bottom; width: 1%;">&#160;</td>
            <td style="border-bottom: 4px double #000000; border-right: 1px solid #000000; vertical-align: bottom; width: 24%;">
              <div style="color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Other</div>
            </td>
            <td style="border-bottom: 4px double #000000; border-right: 4px double #000000; vertical-align: bottom; width: 15%;">
              <div style="text-align: right; margin-right: 16pt; color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">621</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="border-bottom: 4px double rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); vertical-align: bottom; width: 1%;">&#160;</td>
            <td style="border-bottom: 4px double rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 24%;">
              <div style="color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Total</div>
            </td>
            <td style="border-bottom: 4px double #000000; border-left: 1px solid; border-right: 4px double #000000; vertical-align: bottom; width: 15%;">
              <div style="text-align: right; margin-right: 16pt; color: rgb(0, 0, 0); font-family: 'Calibri Light',sans-serif; font-size: 11pt;">2,753</div>
            </td>
          </tr>

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      <div style="margin-bottom: 10pt;"><br>
      </div>
    </div>
    <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageFooter" style="width: 100%;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

            <tr>
              <td style="vertical-align: top; width: 50%; color: rgb(0, 0, 0); font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-align: left; text-transform: none;"><font class="BRPFPageNumber">9</font></td>
              <td style="width: 50%; text-align: right;"><img height="55" width="200" border="0" src="image00007.jpg"></td>
            </tr>

        </table>
      </div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div class="BRPFPageHeader" style="width: 100%;">
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              <td style="width: 50%; font-size: 8pt;"><br>
              </td>
              <td style="width: 50%; text-align: right;"><img height="70" width="300" border="0" src="image00008.jpg"></td>
            </tr>

        </table>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="za075823b66a24c858ac73b997becc8fa">

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          <td style="width: 17.85pt;"><br>
          </td>
          <td style="width: 24.7pt; vertical-align: top; font-size: 11pt;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 11pt;"><font style="font-weight: bold;">ASX LR 5.3.2: </font>The Company confirms there were no production or development activities during the quarter.</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z22497827af274f2ea8adae1adb2321c5">

        <tr>
          <td style="width: 17.85pt;"><br>
          </td>
          <td style="width: 24.7pt; vertical-align: top; font-size: 11pt;">3.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 11pt;"><font style="font-weight: bold;">ASX LR 5.3.5:</font> Related party payments for the quarter totalled US$278,289 comprising salaries and fees for the Company&#8217;s executive and non-executive directors.&#160; No other
              payments were made to any related parties of the entity or their associates.</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="zef9eab21d92d42388bbd01451b51a8a1">

        <tr>
          <td style="width: 17.85pt;"><br>
          </td>
          <td style="width: 24.7pt; vertical-align: top; font-size: 11pt;">4.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 11pt;"><font style="font-weight: bold;">ASX LR 5.3.3: </font>INR confirms that it has not acquired tenements during the quarter (see Appendix 1).</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; font-size: 10pt; font-weight: bold;">&#160; <br>
    </div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">Capital Structure</div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 10pt;">&#160; <br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 11pt;">Total cash and cash equivalents as of 31 December 2025, was US$17.9 million of which 43% was held in USD with the balance held in AUD.</div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 11pt;"> <br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 11pt;">At the end of the quarter, Ioneer had on issue:</div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 11pt;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z76237884a9d940f88750f81acf5174d5">

        <tr>
          <td style="width: 17.85pt;"><br>
          </td>
          <td style="width: 24.7pt; vertical-align: top; color: rgb(38, 92, 138); font-size: 11pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: rgb(0, 0, 0); font-size: 11pt;">2.67 billion ordinary shares, and</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z3025ff91fb0a42b79ceec96c47f2e470">

        <tr>
          <td style="width: 17.85pt;"><br>
          </td>
          <td style="width: 24.7pt; vertical-align: top; color: rgb(38, 92, 138); font-size: 11pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: rgb(0, 0, 0); font-size: 11pt;">76.7 million performance rights.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 11pt;">This ASX release has been authorised by Ioneer Managing Director, Bernard Rowe.</div>
    <div style="font-size: 10pt;">&#160;<br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">&#8212;ENDS&#8212;</div>
    <div><br>
    </div>
    <div style="color: rgb(66, 165, 163); font-size: 16pt; font-weight: bold;">Media Contact</div>
    <div>
      <div style="color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">Chad Yeftich</div>
      <div style="color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">Ioneer USA Corporation</div>
    </div>
    <div>
      <div style="color: rgb(0, 0, 0); font-size: 10pt;">Investor Relations (USA)</div>
      <div style="color: rgb(0, 0, 0); font-size: 8pt;">T: +1 775 993 8563</div>
      <div style="font-size: 8pt;"><font style="color: rgb(0, 0, 0);">E: </font>ir@ioneer.com</div>
      <div style="font-size: 10pt;">&#160;<br>
      </div>
    </div>
    <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageFooter" style="width: 100%;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

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              <td style="vertical-align: top; width: 50%; color: rgb(0, 0, 0); font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-align: left; text-transform: none;"><font class="BRPFPageNumber">10</font></td>
              <td style="width: 50%; text-align: right;"><img height="55" width="200" border="0" src="image00007.jpg"></td>
            </tr>

        </table>
      </div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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              <td style="width: 50%; font-size: 8pt;"><br>
              </td>
              <td style="width: 50%; text-align: right;"><img height="70" width="300" border="0" src="image00008.jpg"></td>
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      </div>
    </div>
    <div>
      <div>
        <div>
          <div style="margin: 0px 0px 6pt; color: rgb(66, 165, 163); font-family: Calibri,'sans-serif'; font-size: 16pt; font-weight: bold; text-align: justify;">About Ioneer</div>
          <div style="text-align: justify; margin-bottom: 6pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Ioneer Ltd is an emerging lithium&#8211;boron producer and the 100% owner of the Rhyolite Ridge Lithium-Boron Project located in Nevada,
            USA.&#160; Rhyolite Ridge is one of two known lithium-boron deposit in North America and one of only two known such deposits in the world.&#160; Once operational, the world-class project is expected to power upward of 50 million electric vehicles and
            will instantly become a globally significant source of critical materials vital to the clean energy transition.</div>
          <div style="text-align: justify; margin-bottom: 6pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">In October 2024, Ioneer received its federal permit for the Rhyolite Ridge Lithium-Boron Project from the Bureau of Land Management.
            In January 2025, the U.S. Department of Energy finalized a $996 million loan debt financing for ioneer's Rhyolite Ridge lithium project. Ioneer signed separate offtake agreements with Dragonfly Energy in 2023, Ford Motor Company and PPES (joint
            venture between Toyota and Panasonic) in 2022 and Korea&#8217;s EcoPro Innovation in 2021.</div>
          <div style="text-align: justify; margin-bottom: 8pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">To learn more about Ioneer, visit <font style="color: #1E3C71;"><u>www.Ioneer.com/investors</u></font> or find us on <u>X</u>, <u>Facebook</u>,
            <u>LinkedIn</u>, <u>Instagram</u> and <u>YouTube</u><font style="font-family: 'Times New Roman',serif;">.</font></div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 6pt; color: rgb(66, 165, 163); font-family: Calibri,sans-serif; font-size: 16pt; font-weight: bold;">Competent Persons Statement</div>
          <div style="text-align: justify; margin-bottom: 6pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">In respect of Mineral Resources and Ore Reserves referred to in this presentation and previously reported by the Company in accordance
            with JORC Code 2012, the Company confirms that it is not aware of any new information or data that materially affects the information included in the public report titled &#8220;Further Leach Optimisation Enhances Project Economics&#8221; dated 29 October
            2025, released on ASX.&#160; Further information regarding the Mineral Resource estimate and Ore Reserve can be found in that report. All material assumptions and technical parameters underpinning the estimates in the report continue to apply and
            have not materially changed.</div>
          <div style="text-align: justify; margin-bottom: 6pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">In respect of production targets referred to in this presentation, the Company confirms that it is not aware of any new information or
            data that materially affects the information included in the public report titled &#8220;Further Leach Optimisation Enhances Project Economics&#8221; dated 29 October 2025.&#160; Further information regarding the production estimates can be found in that
            report. All material assumptions and technical parameters underpinning the estimates in the report continue to apply and have not materially changed.</div>
          <div><br>
          </div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
            <div class="BRPFPageFooter" style="width: 100%;">
              <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

                  <tr>
                    <td style="vertical-align: top; width: 50%; color: rgb(0, 0, 0); font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-align: left; text-transform: none;"><font class="BRPFPageNumber">11</font></td>
                    <td style="width: 50%; text-align: right;"><img height="55" width="200" border="0" src="image00007.jpg"></td>
                  </tr>

              </table>
            </div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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                  <tr>
                    <td style="width: 50%; font-size: 8pt;"><br>
                    </td>
                    <td style="width: 50%; text-align: right;"><img height="70" width="300" border="0" src="image00008.jpg"></td>
                  </tr>

              </table>
            </div>
          </div>
          <div style="margin-bottom: 6pt; color: rgb(66, 165, 163); font-family: Calibri,sans-serif; font-size: 16pt; font-weight: bold;">Recent Announcements</div>
          <div style="margin-bottom: 6pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">The table below lists announcements made by the Company during the quarter.</div>
          <table cellspacing="0" cellpadding="0" border="0" align="center" id="z3ed55f60e5f64934ad5b9d683e14af68" style="border-collapse: collapse; width: 90%; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; text-align: left;">

              <tr>
                <td style="background-color: rgb(218, 238, 243); border-width: 4px 1px 4px 4px; border-style: double solid double double; border-color: rgb(0, 0, 0) -moz-use-text-color; vertical-align: top; width: 29%;">
                  <div style="text-align: center; margin-top: 2pt; margin-bottom: 2pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt; font-weight: bold;">Date Released</div>
                </td>
                <td style="background-color: #DAEEF3; border-bottom: 4px double #000000; border-left: 1px solid; border-top: 4px double #000000; vertical-align: top; width: 1.1%;" colspan="1">&#160;</td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-right: 4px double; border-top: 4px double rgb(0, 0, 0); vertical-align: top; width: 60%;">
                  <div style="text-align: justify; margin-top: 2pt; margin-bottom: 2pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt; font-weight: bold;">Title</div>
                </td>
              </tr>
              <tr>
                <td style="border-width: 1px 1px 1px 4px; border-style: solid solid solid double; border-color: rgb(0, 0, 0) -moz-use-text-color rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 29%;">
                  <div style="text-align: center; margin-top: 2pt; margin-bottom: 2pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">13/10/2025</div>
                </td>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1.1%;" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 60%;">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Change in Substantial Holding</div>
                </td>
              </tr>
              <tr>
                <td style="border-width: 1px 1px 1px 4px; border-style: solid solid solid double; border-color: rgb(0, 0, 0) -moz-use-text-color rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 29%;">
                  <div style="text-align: center; margin-top: 2pt; margin-bottom: 2pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">20/10/2025</div>
                </td>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1.1%;" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 60%;">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">Change in Substantial Holding</div>
                </td>
              </tr>
              <tr>
                <td style="border-width: 1px 1px 1px 4px; border-style: solid solid solid double; border-color: rgb(0, 0, 0) -moz-use-text-color rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 29%;">
                  <div style="text-align: center; margin-top: 2pt; margin-bottom: 2pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">20/10/2025</div>
                </td>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1.1%;" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 60%;">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">September 2025 &#8211; Quarterly Activities Report</div>
                </td>
              </tr>
              <tr>
                <td style="border-width: 1px 1px 1px 4px; border-style: solid solid solid double; border-color: rgb(0, 0, 0) -moz-use-text-color rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 29%;">
                  <div style="text-align: center; margin-top: 2pt; margin-bottom: 2pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">20/10/2025</div>
                </td>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1.1%;" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 60%;">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-family: 'Calibri Light',sans-serif; font-size: 11pt;">September 2025 &#8211; Quarterly Cash Flow Report</div>
                </td>
              </tr>
              <tr>
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          </div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
            <div class="BRPFPageFooter" style="width: 100%;">
              <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

                  <tr>
                    <td style="vertical-align: top; width: 50%; color: rgb(0, 0, 0); font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-align: left; text-transform: none;"><font class="BRPFPageNumber">12</font></td>
                    <td style="width: 50%; text-align: right;"><img height="55" width="200" border="0" src="image00007.jpg"></td>
                  </tr>

              </table>
            </div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
            <div class="BRPFPageHeader" style="width: 100%;">
              <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

                  <tr>
                    <td style="width: 50%; font-size: 8pt;"><br>
                    </td>
                    <td style="width: 50%; text-align: right;"><img height="70" width="300" border="0" src="image00008.jpg"></td>
                  </tr>

              </table>
            </div>
          </div>
          <!--PROfilePageNumberReset%Num%13%%%-->
          <div style="margin-top: 12pt; margin-bottom: 6pt; color: rgb(66, 165, 163); font-family: Calibri,sans-serif; font-size: 16pt; font-weight: bold;">Appendix 1 - Schedule of Tenements</div>
          <div style="margin-bottom: 6pt; font-family: 'Calibri Light',sans-serif; font-size: 12pt; font-weight: bold;">ASX listing rule 5.3.3</div>
          <table cellspacing="0" cellpadding="0" border="0" id="z1b2eabc8818243408d4d83c2b5ac34ff" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

              <tr>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-left: 4px double; border-top: 4px double rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-right: 1px solid; border-top: 4px double rgb(0, 0, 0); vertical-align: top; width: 6.16%; font-family: 'Calibri Light','sans-serif';">
                  <div style="margin-bottom: 6pt; font-size: 10pt; font-weight: bold;">Country</div>
                </td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 4px double rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="background-color: #DAEEF3; border-bottom: 4px double #000000; border-right: 1px solid; border-top: 4px double #000000; vertical-align: top; white-space: nowrap; width: 14.11%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt; font-weight: bold;">Project</div>
                </td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 4px double rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="background-color: #DAEEF3; border-bottom: 4px double #000000; border-right: 1px solid; border-top: 4px double #000000; vertical-align: top; white-space: nowrap; width: 14%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt; font-weight: bold;">Tenement ID</div>
                </td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 4px double rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="background-color: #DAEEF3; border-bottom: 4px double #000000; border-right: 1px solid; border-top: 4px double #000000; vertical-align: top; white-space: nowrap; width: 14%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt; font-weight: bold;">Tenement Name</div>
                </td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 4px double rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-right: 1px solid; border-top: 4px double rgb(0, 0, 0); vertical-align: top; width: 6%; font-family: 'Calibri Light','sans-serif';">
                  <div style="font-size: 10pt; font-weight: bold;">Area</div>
                  <div style="margin-bottom: 6pt; font-size: 10pt; font-weight: bold;">(km<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>)</div>
                </td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 4px double rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-right: 1px solid; border-top: 4px double rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 14.22%; font-family: 'Calibri Light','sans-serif';">
                  <div style="font-size: 10pt; font-weight: bold;">Interest at beginning</div>
                  <div style="margin-bottom: 6pt; font-size: 10pt; font-weight: bold;">of quarter</div>
                </td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 4px double rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-right: 1px solid; border-top: 4px double rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 14.22%; font-family: 'Calibri Light','sans-serif';">
                  <div style="font-size: 10pt; font-weight: bold;">Interest at end of</div>
                  <div style="margin-bottom: 6pt; font-size: 10pt; font-weight: bold;">quarter</div>
                </td>
                <td style="background-color: rgb(218, 238, 243); border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 4px double rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="background-color: #DAEEF3; border-bottom: 4px double #000000; border-right: 4px double; border-top: 4px double #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt; font-weight: bold;">Note</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Rhyolite Ridge</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NMC1117360</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">SLB claims (199)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">15.9</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Rhyolite Ridge<font style="font-family: Arial; font-size: 7pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">13</font></div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NV105809159</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">SLB claims (18)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">1.4</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Rhyolite Ridge</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NMC1171536</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">SLM claims (122)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">9.6</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Rhyolite Ridge</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NMC 1179516</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">RR claims (65)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">4.8</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Rhyolite Ridge</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NV105810398</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">RR claims (14)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">1.1</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Rhyolite Ridge</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NV105272779</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">RMS mill sites (23)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">0.5</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Rhyolite Ridge</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NV106354216</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">RMS mill sites (325)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">6.5</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Rhyolite Ridge</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NMC1147932</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">SLP claims (120)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">9.6</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Rhyolite Ridge</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NV105272053</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">PR claims (11)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">0.9</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Beacon Hill</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NMC1118666</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NLB claims (160)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">12.8</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Beacon Hill</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NV106310781</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NLB claims (41)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">3.3</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 4px double rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="width: 6.16%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.11%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Beacon Hill</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NMC 1129523</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">BH claims (81)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 6%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">6</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 14.22%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td nowrap="nowrap" style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-family: 'Calibri Light','sans-serif'; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="border-bottom: 1px solid #000000; border-right: 4px double #000000; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 4px double rgb(0, 0, 0); border-left: 4px double; border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="border-bottom: 4px double #000000; border-right: 1px solid; border-top: 1px solid #000000; vertical-align: top; width: 6.16%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">USA</div>
                </td>
                <td style="border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 1px solid rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="border-bottom: 4px double #000000; border-right: 1px solid; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 14.11%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">Sarcobatus Basin</div>
                </td>
                <td style="border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 1px solid rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="border-bottom: 4px double #000000; border-right: 1px solid; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 14%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">NV106735396</div>
                </td>
                <td style="border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 1px solid rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="border-bottom: 4px double #000000; border-right: 1px solid; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 14%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">COB claims (231)</div>
                </td>
                <td style="border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 1px solid rgb(0, 0, 0); vertical-align: top; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="border-bottom: 4px double #000000; border-right: 1px solid; border-top: 1px solid #000000; vertical-align: top; width: 6%;">
                  <div style="text-align: center; margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">18.5</div>
                </td>
                <td style="border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 1px solid rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="border-bottom: 4px double #000000; border-right: 1px solid; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 14.22%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td style="border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 1px solid rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="border-bottom: 4px double #000000; border-right: 1px solid; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 14.22%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">100%</div>
                </td>
                <td style="border-bottom: 4px double rgb(0, 0, 0); border-left: 1px solid; border-top: 1px solid rgb(0, 0, 0); vertical-align: top; white-space: nowrap; width: 1%; font-family: 'Calibri Light','sans-serif';" colspan="1">&#160;</td>
                <td style="border-bottom: 4px double #000000; border-right: 4px double; border-top: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 10%;">
                  <div style="margin-bottom: 6pt; font-family: 'Calibri Light','sans-serif'; font-size: 10pt;">No change</div>
                </td>
              </tr>

          </table>
          <div><br>
          </div>
          <div>
            <div>
              <div>
                <div>
                  <div>
                    <div>
                      <div>
                        <div>
                          <div>
                            <div>
                              <div>
                                <div>
                                  <div> <br>
                                  </div>
                                  <div class="BRPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
                                    <div class="BRPFPageFooter" style="width: 100%;">
                                      <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

                                          <tr>
                                            <td style="vertical-align: top; width: 50%; color: rgb(0, 0, 0); font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-align: left; text-transform: none;"><font class="BRPFPageNumber">13</font></td>
                                            <td style="width: 50%; text-align: right;"><img height="55" width="200" border="0" src="image00007.jpg"></td>
                                          </tr>

                                      </table>
                                    </div>
                                    <div class="BRPFPageBreak" style="page-break-after: always;">
                                      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                                    <div class="BRPFPageHeader" style="width: 100%;"></div>
                                  </div>
                                  <!--PROfilePageNumberReset%Num%1%%%-->
                                  <div style="text-align: right; text-indent: -42.55pt; margin-left: 42.55pt; font-family: Arial,sans-serif; font-style: italic;">Rule 5.5</div>
                                </div>
                                <div> <br>
                                </div>
                                <div>
                                  <div style="font-family: Arial,'sans-serif'; font-size: 16pt; font-weight: bold; text-align: center;">Appendix 5B</div>
                                  <div style="font-family: Arial,'sans-serif'; font-size: 16pt; font-weight: bold; text-align: center;"> <br>
                                  </div>
                                  <div style="font-family: Arial,'sans-serif'; font-size: 16pt; font-weight: bold; text-align: center;">Mining exploration entity or oil and gas exploration entity</div>
                                  <div style="text-align: center; margin-bottom: 12pt; font-family: Arial,sans-serif; font-size: 16pt; font-weight: bold;">quarterly cash flow report</div>
                                  <table cellspacing="0" cellpadding="0" border="0" id="z7528c99933d046e5b24df3722db8c99b" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                      <tr>
                                        <td style="width: 99.9%; vertical-align: top;" colspan="2">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Name of entity</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 99.9%; vertical-align: top;" colspan="2">
                                          <div style="margin-top: 6pt; margin-bottom: 6pt; font-family: Arial,sans-serif; font-size: 10pt;">ioneer Ltd</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 50.2%; vertical-align: top;">
                                          <div style="margin-top: 6pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">ABN</div>
                                        </td>
                                        <td style="width: 49.7%; vertical-align: top;">
                                          <div style="margin-top: 6pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Quarter ended (&#8220;current quarter&#8221;)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 50.2%; vertical-align: top;">
                                          <div style="margin-top: 6pt; margin-bottom: 6pt; font-family: Arial,sans-serif; font-size: 10pt;">76 098 564 606</div>
                                        </td>
                                        <td style="width: 49.7%; vertical-align: top;">
                                          <div style="margin-top: 6pt; margin-bottom: 6pt; font-family: Arial,sans-serif; font-size: 10pt;">December 2025</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <div style="margin-bottom: 3pt;"><br>
                                  </div>
                                  <table cellspacing="0" cellpadding="0" border="0" id="z98aabe9c0df544479886326014d2282c" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="vertical-align: top;">
                                          <div style="margin-top: 6pt; margin-bottom: 6pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">Consolidated statement of cash flows</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">Current quarter</div>
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">$US&#8217;000</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">Year to date</div>
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">(6 months)</div>
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">$US&#8217;000</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <table cellspacing="0" cellpadding="0" border="0" id="z628e82e64d7141e5856e8a1bda31e36f" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">1.</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-align: justify; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Cash flows from operating activities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: bottom;" rowspan="2">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: bottom;" rowspan="2">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">1.1</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Receipts from customers</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">1.2</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Payments for</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: bottom;" rowspan="2">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: bottom;" rowspan="2">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">exploration &amp; evaluation (if expensed)</font></div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">development</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">&#160;-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">&#160;-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">production</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">staff costs</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(861)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(1,546)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(e)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">administration and corporate costs</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(493)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(2,023)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">1.3</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Dividends received (see note 3)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">1.4</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Interest received</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">128</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">309</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">1.5</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Interest and other costs of finance paid</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">1.6</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Income taxes paid</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;"><br>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">1.7</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Government grants and tax incentives</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">1.8</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Other (provide details if material)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">1.9</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Net cash from / (used in) operating activities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">(1,226)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">(3,260)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="vertical-align: top;" colspan="4">&#160;</td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">2.</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-left: 1.75pt; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Cash flows from investing activities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: bottom;" rowspan="3">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: bottom;" rowspan="3">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">2.1</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-left: 1.75pt; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Payments to acquire:</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">entities</font></div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">tenements</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">property, plant and equipment</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(9)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(9)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">&#160;</td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">exploration &amp; evaluation (if capitalised)</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(2,753)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(6,229)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">&#160;</td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(e)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">investments</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">&#160;</td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(f)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">other non-current assets</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <div><br>
                                  </div>
                                  <div class="BRPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
                                    <div class="BRPFPageFooter" style="width: 100%;">
                                      <table cellspacing="0" cellpadding="0" border="0" id="z6bccf1111201492d94d44c7c64501c84" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

                                          <tr>
                                            <td style="border-top: 1px solid #000000; width: 50%; font-size: 8pt;">ASX Listing Rules Appendix 5B (01/12/19)</td>
                                            <td style="border-top: 1px solid #000000; width: 50%; font-size: 8pt; text-align: right;">Page <font class="BRPFPageNumber" style="color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">1</font></td>
                                          </tr>
                                          <tr>
                                            <td style="width: 50%; font-size: 8pt;" rowspan="1">+ See chapter 19 of the ASX Listing Rules for defined terms.</td>
                                            <td style="width: 50.00%;" rowspan="1"><br>
                                            </td>
                                          </tr>

                                      </table>
                                    </div>
                                    <div class="BRPFPageBreak" style="page-break-after: always;">
                                      <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                                    <div class="BRPFPageHeader" style="width: 100%;">
                                      <table cellspacing="0" cellpadding="0" border="0" id="z2365fa7e9e804aada71d8bc5e4d8d3d1" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

                                          <tr>
                                            <td style="width: 100.00%;">
                                              <div style="text-align: right; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Appendix 5B</div>
                                            </td>
                                          </tr>
                                          <tr>
                                            <td style="border-bottom: 1px solid #000000; width: 100%; font-size: 10pt; font-weight: bold; text-align: right;">Mining exploration entity or oil and gas exploration entity quarterly cash flow report</td>
                                          </tr>

                                      </table>
                                    </div>
                                  </div>
                                  <div>
                                    <div> </div>
                                    <table cellspacing="0" cellpadding="0" border="0" id="zf76a96aeffa144fca7f91280df8d0e49" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                        <tr>
                                          <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                          <td style="vertical-align: top;">
                                            <div style="margin-top: 6pt; margin-bottom: 6pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">Consolidated statement of cash flows</div>
                                          </td>
                                          <td style="width: 23%; vertical-align: top;">
                                            <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">Current quarter</div>
                                            <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">$US&#8217;000</div>
                                          </td>
                                          <td style="width: 23%; vertical-align: top;">
                                            <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">Year to date</div>
                                            <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">(6 months)</div>
                                            <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">$US&#8217;000</div>
                                          </td>
                                        </tr>

                                    </table>
                                  </div>
                                  <table cellspacing="0" cellpadding="0" border="0" id="z84dd3d726df041eaad3b07651f5bf065" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">2.2</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-left: 1.75pt; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Proceeds from the disposal of:</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: bottom;" rowspan="2">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: bottom;" rowspan="2">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">entities</font></div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">&#160;</td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">tenements</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">&#160;</td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">property, plant and equipment</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">investments</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="text-indent: -21.25pt; margin-left: 21.25pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">(e)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.31pt;">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">other non-current assets</font></div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">2.3</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Cash flows from loans to other entities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">2.4</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Dividends received (see note 3)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">&#160;-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">2.5</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Other (provide details if material)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">2.6</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Net cash from / (used in) investing activities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">(2,762)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">(6,238)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="vertical-align: top;" colspan="4">&#160;</td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">3.</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Cash flows from financing activities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: bottom;" rowspan="2">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: bottom;" rowspan="2">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">2,176</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">3.1</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Proceeds from issues of equity securities (excluding convertible debt securities)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">3.2</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Proceeds from issue of convertible debt securities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">3.3</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Proceeds from exercise of options</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">3.4</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Transaction costs related to issues of equity securities or convertible debt securities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">3.5</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Proceeds from borrowings</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">3.6</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Repayment of borrowings</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">3.7</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Transaction costs related to loans and borrowings</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">3.8</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Dividends paid</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">3.9</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Other (provide details if material)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(35)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(94)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">3.10</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Net cash from / (used in) financing activities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">(35)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">2,082</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="vertical-align: top;" colspan="4">&#160;</td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">4.</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Net increase / (decrease) in cash and cash equivalents for the period</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;"><br>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">4.1</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Cash and cash equivalents at beginning of period</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">21,796</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">25,058</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">4.2</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Net cash from / (used in) operating activities (item 1.9 above)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(1,226)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(3,260)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">4.3</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Net cash from / (used in) investing activities (item 2.6 above)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(2,762)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(6,238)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">4.4</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Net cash from / (used in) financing activities (item 3.10 above)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">(35)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">2,082</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <div><br>
                                  </div>
                                  <div class="BRPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
                                    <div class="BRPFPageFooter" style="width: 100%;">
                                      <table cellspacing="0" cellpadding="0" border="0" id="zafce862509ec460a9b16483d2cac834f" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

                                          <tr>
                                            <td style="border-top: 1px solid #000000; width: 50%; font-size: 8pt;">ASX Listing Rules Appendix 5B (01/12/19)</td>
                                            <td style="border-top: 1px solid #000000; width: 50%; font-size: 8pt; text-align: right;">Page <font class="BRPFPageNumber" style="color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">2</font></td>
                                          </tr>
                                          <tr>
                                            <td style="width: 50%; font-size: 8pt;" rowspan="1">+ See chapter 19 of the ASX Listing Rules for defined terms.</td>
                                            <td style="width: 50.00%;" rowspan="1"><br>
                                            </td>
                                          </tr>

                                      </table>
                                    </div>
                                    <div class="BRPFPageBreak" style="page-break-after: always;">
                                      <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                                    <div class="BRPFPageHeader" style="width: 100%;">
                                      <table cellspacing="0" cellpadding="0" border="0" id="zda0e502b444343708232b9160776b04d" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

                                          <tr>
                                            <td style="width: 100.00%;">
                                              <div style="text-align: right; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Appendix 5B</div>
                                            </td>
                                          </tr>
                                          <tr>
                                            <td style="border-bottom: 1px solid #000000; width: 100%; font-size: 10pt; font-weight: bold; text-align: right;">Mining exploration entity or oil and gas exploration entity quarterly cash flow report</td>
                                          </tr>

                                      </table>
                                    </div>
                                  </div>
                                  <div>
                                    <table cellspacing="0" cellpadding="0" border="0" id="z56e4f7bc732442198ec71a28f186eea7" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                        <tr>
                                          <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                          <td style="vertical-align: top;">
                                            <div style="margin-top: 6pt; margin-bottom: 6pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">Consolidated statement of cash flows</div>
                                          </td>
                                          <td style="width: 23%; vertical-align: top;">
                                            <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">Current quarter</div>
                                            <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">$US&#8217;000</div>
                                          </td>
                                          <td style="width: 23%; vertical-align: top;">
                                            <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">Year to date</div>
                                            <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">(6 months)</div>
                                            <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">$US&#8217;000</div>
                                          </td>
                                        </tr>

                                    </table>
                                  </div>
                                  <table cellspacing="0" cellpadding="0" border="0" id="z2be951354fb54a5196fd854517db4025" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">4.5</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Effect of movement in exchange rates on cash held</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">90</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">221</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">4.6</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Cash and cash equivalents at end of period</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">17,863</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">17,863</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <div style="margin-bottom: 6pt;"><br>
                                  </div>
                                  <table cellspacing="0" cellpadding="0" border="0" id="zfd1a8de8b6a644d9b52d2d1f64c9c99a" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 7.82%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">5.</div>
                                        </td>
                                        <td style="width: 45.32%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Reconciliation of cash and cash equivalents</div>
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the
                                            accounts</div>
                                        </td>
                                        <td style="width: 23.38%; vertical-align: top;">
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Current quarter</div>
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">$US&#8217;000</div>
                                        </td>
                                        <td style="width: 23.49%; vertical-align: top;">
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Previous quarter</div>
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">$US&#8217;000</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 7.82%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">5.1</div>
                                        </td>
                                        <td style="width: 45.32%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Bank balances</div>
                                        </td>
                                        <td style="width: 23.38%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">1,578</div>
                                        </td>
                                        <td style="width: 23.49%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">2,257</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 7.82%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">5.2</div>
                                        </td>
                                        <td style="width: 45.32%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Call deposits</div>
                                        </td>
                                        <td style="width: 23.38%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">16,285</div>
                                        </td>
                                        <td style="width: 23.49%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">19,539</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 7.82%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">5.3</div>
                                        </td>
                                        <td style="width: 45.32%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Bank overdrafts</div>
                                        </td>
                                        <td style="width: 23.38%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23.49%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 7.82%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">5.4</div>
                                        </td>
                                        <td style="width: 45.32%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Other (provide details)</div>
                                        </td>
                                        <td style="width: 23.38%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 23.49%; vertical-align: top;"><br>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 7.82%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">5.5</div>
                                        </td>
                                        <td style="width: 45.32%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Cash and cash equivalents at end of quarter (should equal item 4.6 above)</div>
                                        </td>
                                        <td style="width: 23.38%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">17,863</div>
                                        </td>
                                        <td style="width: 23.49%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">21,796</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <div style="margin-bottom: 6pt;"><br>
                                  </div>
                                  <table cellspacing="0" cellpadding="0" border="0" id="z21b9da5e14a14527ac77c2f7ead7b584" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                      <tr>
                                        <td style="width: 1.21%; vertical-align: top;">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">6.</div>
                                        </td>
                                        <td style="width: 67.91%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Payments to related parties of the entity and their associates</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Current quarter</div>
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">$US'000</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1.21%; vertical-align: top;">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">6.1</div>
                                        </td>
                                        <td style="width: 67.91%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Aggregate amount of payments to related parties and their associates included in item 1</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">278</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1.21%; vertical-align: top;">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">6.2</div>
                                        </td>
                                        <td style="width: 67.91%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Aggregate amount of payments to related parties and their associates included in item 2</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;"><br>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1.21%; vertical-align: top;">&#160;</td>
                                        <td style="vertical-align: top;" colspan="3">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif;">Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation
                                            for, such payments</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <div><br>
                                  </div>
                                  <table cellspacing="0" cellpadding="0" border="0" id="zf9017b26def746da9380fedb48b30f83" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                      <tr>
                                        <td style="width: 99.9%; vertical-align: top;">
                                          <div style="text-align: justify; text-indent: -42.55pt; margin-left: 42.55pt; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Directors&#8217; fees &#8211; 107.5</div>
                                          <div style="text-align: justify; text-indent: -42.55pt; margin-left: 42.55pt; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Executive salary component of chairman&#8217;s fee &#8211;
                                            62.5</div>
                                          <div style="text-align: justify; text-indent: -42.55pt; margin-left: 42.55pt; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Wages &#8211; 108.3</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <div><br>
                                  </div>
                                  <div class="BRPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
                                    <div class="BRPFPageFooter" style="width: 100%;">
                                      <table cellspacing="0" cellpadding="0" border="0" id="ze2c05aa1968443e0945db133acdc94b9" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

                                          <tr>
                                            <td style="border-top: 1px solid #000000; width: 50%; font-size: 8pt;">ASX Listing Rules Appendix 5B (01/12/19)</td>
                                            <td style="border-top: 1px solid #000000; width: 50%; font-size: 8pt; text-align: right;">Page <font class="BRPFPageNumber" style="color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">3</font></td>
                                          </tr>
                                          <tr>
                                            <td style="width: 50%; font-size: 8pt;" rowspan="1">+ See chapter 19 of the ASX Listing Rules for defined terms.</td>
                                            <td style="width: 50.00%;" rowspan="1"><br>
                                            </td>
                                          </tr>

                                      </table>
                                    </div>
                                    <div class="BRPFPageBreak" style="page-break-after: always;">
                                      <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                                    <div class="BRPFPageHeader" style="width: 100%;">
                                      <table cellspacing="0" cellpadding="0" border="0" id="z4846b8241ab4410db8689b29e7a24c85" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

                                          <tr>
                                            <td style="width: 100.00%;">
                                              <div style="text-align: right; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Appendix 5B</div>
                                            </td>
                                          </tr>
                                          <tr>
                                            <td style="border-bottom: 1px solid #000000; width: 100%; font-size: 10pt; font-weight: bold; text-align: right;">Mining exploration entity or oil and gas exploration entity quarterly cash flow report</td>
                                          </tr>

                                      </table>
                                    </div>
                                  </div>
                                  <table cellspacing="0" cellpadding="0" border="0" id="z484c217b696e4038bfe9337996c5e27d" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">7.</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Financing</font>&#160;<font style="font-weight: bold;">facilities</font></div>
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 8pt; font-style: italic;">Note: the term &#8220;facility&#8217; includes all forms of financing arrangements available to the entity.</div>
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 8pt; font-style: italic;">Add notes as necessary for an understanding of the sources of finance available to the entity.</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Total facility amount at quarter end</div>
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">$US&#8217;000</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Amount drawn at quarter end</div>
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">$US&#8217;000</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">7.1</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Loan facilities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">&#160;-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">7.2</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Credit standby arrangements</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">7.3</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Other (please specify)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">7.4</div>
                                        </td>
                                        <td style="width: 45%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Total financing facilities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">&#160;</td>
                                        <td style="vertical-align: top;" colspan="2">&#160;</td>
                                        <td style="width: 23%; vertical-align: top;">&#160;</td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">7.5</div>
                                        </td>
                                        <td style="vertical-align: top;" colspan="2">
                                          <div style="text-align: justify; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Unused financing facilities available at quarter end</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">7.6</div>
                                        </td>
                                        <td style="vertical-align: top;" colspan="3">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Include in the box below a description of each facility above, including the lender, interest rate, maturity date
                                            and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as
                                            well.</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <div style="margin-bottom: 6pt;"><br>
                                  </div>
                                  <table cellspacing="0" cellpadding="0" border="0" id="z8f9ad7bd407c4a15b5f6d22055c2baf7" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">8.</div>
                                        </td>
                                        <td style="width: 68%; vertical-align: top;">
                                          <div style="text-align: justify; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">Estimated cash available for future operating activities</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 11pt; font-weight: bold;">$US&#8217;000</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">8.1</div>
                                        </td>
                                        <td style="width: 68%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Net cash from / (used in) operating activities (Item 1.9)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">(1,226)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: middle;">
                                          <div style="font-size: 10pt;">8.2 <br>
                                          </div>
                                        </td>
                                        <td style="width: 68%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Capitalised <font style="color: #000000;">exploration &amp; evaluation </font>(Item 2.1(d))</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">(2,753)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">8.3</div>
                                        </td>
                                        <td style="width: 68%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Total relevant outgoings (Item 8.1 + Item 8.2)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">(3,979)</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">8.4</div>
                                        </td>
                                        <td style="width: 68%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Cash and cash equivalents at quarter end (Item 4.6)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">17,863</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">8.5</div>
                                        </td>
                                        <td style="width: 68%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Unused finance facilities available at quarter end (Item 7.5)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">-</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">8.6</div>
                                        </td>
                                        <td style="width: 68%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Total available funding (Item 8.4 + Item 8.5)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">17,863</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">8.7</div>
                                        </td>
                                        <td style="width: 68%; vertical-align: middle;">
                                          <div style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Estimated quarters of funding available (Item 8.6 divided by Item 8.3)</div>
                                        </td>
                                        <td style="width: 23%; vertical-align: top;">
                                          <div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">4.5</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">8.8</div>
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                                          <div style="margin-top: 3pt; margin-bottom: 3pt; color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 10pt;">If Item 8.7 is less than 2 quarters, please provide answers to the following questions:</div>
                                        </td>
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                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
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                                          <div style="text-indent: -35.45pt; margin-left: 35.45pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">1.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">Does the entity expect that it will continue to have the current level of net
                                              operating cash flows for the time being and, if not, why not?</font></div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="vertical-align: top;" colspan="2">
                                          <div style="text-indent: -35.45pt; margin-left: 35.45pt; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Answer: N/A</div>
                                        </td>
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                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;"><br>
                                        </td>
                                        <td style="vertical-align: top;" colspan="2">
                                          <div style="margin-top: 3pt; margin-bottom: 3pt; text-indent: -27pt; margin-left: 27pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">2.</font><font style="font-size: 5.06pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its
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                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">&#160;</td>
                                        <td style="vertical-align: top;" colspan="2">
                                          <div style="text-indent: -35.45pt; margin-left: 35.45pt; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Answer: N/A</div>
                                        </td>
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                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">&#160;</td>
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                                          <div style="text-indent: -35.45pt; margin-left: 35.45pt; margin-top: 3pt; margin-bottom: 3pt;"><font style="font-family: Arial,sans-serif; font-size: 10pt;">3.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial,sans-serif; font-size: 10pt;">Does the entity expect to be able to continue its operations and to meet its
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                                      </tr>
                                      <tr>
                                        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                                        <td style="width: 8%; vertical-align: top;">&#160;</td>
                                        <td style="vertical-align: top;" colspan="2">
                                          <div style="text-indent: -35.45pt; margin-left: 35.45pt; margin-top: 3pt; margin-bottom: 3pt; font-family: Arial,sans-serif; font-size: 10pt;">Answer: N/A</div>
                                        </td>
                                      </tr>

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                                  <div style="margin-bottom: 6pt;"><br>
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                                  <div class="BRPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
                                    <div class="BRPFPageFooter" style="width: 100%;">
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                                          <tr>
                                            <td style="border-top: 1px solid #000000; width: 50%; font-size: 8pt;">ASX Listing Rules Appendix 5B (01/12/19)</td>
                                            <td style="border-top: 1px solid #000000; width: 50%; font-size: 8pt; text-align: right;">Page <font class="BRPFPageNumber" style="color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">4</font></td>
                                          </tr>
                                          <tr>
                                            <td style="width: 50%; font-size: 8pt;" rowspan="1">+ See chapter 19 of the ASX Listing Rules for defined terms.</td>
                                            <td style="width: 50.00%;" rowspan="1"><br>
                                            </td>
                                          </tr>

                                      </table>
                                    </div>
                                    <div class="BRPFPageBreak" style="page-break-after: always;">
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                                          <tr>
                                            <td style="width: 100.00%;">
                                              <div style="text-align: right; font-family: Arial,sans-serif; font-size: 10pt; font-weight: bold;">Appendix 5B</div>
                                            </td>
                                          </tr>
                                          <tr>
                                            <td style="border-bottom: 1px solid #000000; width: 100%; font-size: 10pt; font-weight: bold; text-align: right;">Mining exploration entity or oil and gas exploration entity quarterly cash flow report</td>
                                          </tr>

                                      </table>
                                    </div>
                                  </div>
                                  <div style="text-align: justify; font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">Compliance statement</div>
                                  <table cellspacing="0" cellpadding="0" id="zc740515b10a048e69714a7f46977fd58" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); margin-bottom: 6pt; margin-top: 6pt;">

                                      <tr>
                                        <td style="width: 28.35pt; vertical-align: top; font-family: Arial,sans-serif; font-size: 10pt;">1</td>
                                        <td style="width: auto; vertical-align: top;">
                                          <div style="font-family: Arial,sans-serif; font-size: 10pt;">This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <table cellspacing="0" cellpadding="0" id="z8de3f4f272c1411281466b57ec4f5a28" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); margin-bottom: 6pt; margin-top: 6pt;">

                                      <tr>
                                        <td style="width: 28.35pt; vertical-align: top; font-family: Arial,sans-serif; font-size: 10pt;">2</td>
                                        <td style="width: auto; vertical-align: top;">
                                          <div style="font-family: Arial,sans-serif; font-size: 10pt;">This statement gives a true and fair view of the matters disclosed.</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <div><br>
                                  </div>
                                  <table cellspacing="0" cellpadding="0" border="0" id="z942e489b8b9449bcaa9250d9da6e6711" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                                      <tr>
                                        <td style="width: 12%; vertical-align: top;">
                                          <div style="margin-top: 6pt; margin-bottom: 6pt; font-family: Arial,sans-serif; font-size: 10pt;">Date:</div>
                                        </td>
                                        <td style="width: 88%; vertical-align: top;">
                                          <div style="margin-top: 6pt; margin-bottom: 6pt;">January 23, 2026</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 12%; vertical-align: top;">&#160;</td>
                                        <td style="width: 88%; vertical-align: top;">&#160;</td>
                                      </tr>
                                      <tr>
                                        <td style="width: 12%; vertical-align: top;">&#160;</td>
                                        <td style="width: 88%; vertical-align: top;">Bernard Rowe &#8211; Managing Director</td>
                                      </tr>
                                      <tr>
                                        <td style="width: 12%; vertical-align: top;">
                                          <div style="margin-top: 6pt; font-family: Arial,sans-serif; font-size: 10pt;">Authorised by:</div>
                                        </td>
                                        <td style="width: 88%; vertical-align: top;">
                                          <div style="margin-top: 6pt; font-family: Arial,sans-serif; font-size: 10pt;">....................................................................................</div>
                                        </td>
                                      </tr>
                                      <tr>
                                        <td style="width: 12%; vertical-align: top;"><br>
                                        </td>
                                        <td style="width: 88%; vertical-align: top;">
                                          <div style="margin-bottom: 6pt; font-family: Arial,sans-serif;">(Name of body or officer authorising release &#8211; see note 4)</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <div><br>
                                  </div>
                                  <div style="margin-bottom: 6pt; font-family: Arial,sans-serif; font-size: 8pt; font-weight: bold;">Notes</div>
                                  <table cellspacing="0" cellpadding="0" id="zda4d9112601045a6a7c8f71adb48841d" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); margin-bottom: 6pt;">

                                      <tr>
                                        <td style="width: 28.35pt; vertical-align: top; font-family: Arial,sans-serif; font-size: 8pt;">1.</td>
                                        <td style="width: auto; vertical-align: top; text-align: justify;">
                                          <div style="font-family: Arial,sans-serif; font-size: 8pt;">This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity&#8217;s activities for the past
                                            quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is
                                            encouraged to do so.</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <table cellspacing="0" cellpadding="0" id="zfe20c86e1d354d7098bee350a0342c25" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); margin-bottom: 6pt;">

                                      <tr>
                                        <td style="width: 28.35pt; vertical-align: top; font-family: Arial,sans-serif; font-size: 8pt;">2.</td>
                                        <td style="width: auto; vertical-align: top; text-align: justify;">
                                          <div style="font-family: Arial,sans-serif; font-size: 8pt;">If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, <font style="font-style: italic;">AASB 6: Exploration for and Evaluation of Mineral Resources </font>and<font style="font-style: italic;"> AASB 107: Statement of Cash Flows </font>apply to this report. If this
                                            quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <table cellspacing="0" cellpadding="0" id="z6719d45617794321b0dc665644fb29d5" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); margin-bottom: 6pt;">

                                      <tr>
                                        <td style="width: 28.35pt; vertical-align: top; font-family: Arial,sans-serif; font-size: 8pt;">3.</td>
                                        <td style="width: auto; vertical-align: top; text-align: justify;">
                                          <div style="font-family: Arial,sans-serif; font-size: 8pt;">Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting
                                            policy of the entity.</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <table cellspacing="0" cellpadding="0" id="za2647f96fa5047b392586c8dfb9cf167" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0); margin-bottom: 6pt;">

                                      <tr>
                                        <td style="width: 28.35pt; vertical-align: top; font-family: Arial,sans-serif; font-size: 8pt;">4.</td>
                                        <td style="width: auto; vertical-align: top; text-align: justify;">
                                          <div style="font-family: Arial,sans-serif; font-size: 8pt;">If this report has been authorised for release to the market by your board of directors, you can insert here: &#8220;By the board&#8221;. If it has been authorised
                                            for release to the market by a committee of your board of directors, you can insert here: &#8220;By the [<font style="font-style: italic;">name of board committee</font> &#8211; <font style="font-style: italic;">e.g. Audit
                                              and Risk Committee</font>]&#8221;. If it has been authorised for release to the market by a disclosure committee, you can insert here: &#8220;By the Disclosure Committee&#8221;.</div>
                                        </td>
                                      </tr>

                                  </table>
                                  <table cellspacing="0" cellpadding="0" border="0" id="z837a92ff6ebd426e8c93d36e51c5ae34" class="DSPFListTable" style="width: 100%; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; text-align: left;">

                                      <tr>
                                        <td style="width: 28.35pt; vertical-align: top; font-family: Arial,sans-serif; font-size: 8pt;">5.</td>
                                        <td style="width: auto; vertical-align: top; text-align: justify;">
                                          <div style="font-family: Arial,sans-serif; font-size: 8pt;">If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation
                                            4.2 of the ASX Corporate Governance Council&#8217;s <font style="font-style: italic;">Corporate Governance Principles and Recommendations</font>, the board should have received a declaration from its CEO and CFO that,
                                            in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the
                                            entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.</div>
                                        </td>
                                      </tr>

                                  </table>
                                </div>
                                <div> <br>
                                </div>
                                <div> <br>
                                </div>
                                <div>
                                  <div class="BRPFPageFooter" style="width: 100%;">
                                    <table cellspacing="0" cellpadding="0" border="0" id="zc35c566617e34baf8001253b4984f8b8" style="font-family: Arial; font-size: 9pt; color: rgb(0, 0, 0); width: 100%;">

                                        <tr>
                                          <td style="border-top: 1px solid #000000; width: 50%; font-size: 8pt;">ASX Listing Rules Appendix 5B (01/12/19)</td>
                                          <td style="border-top: 1px solid #000000; width: 50%; font-size: 8pt; text-align: right;">Page <font class="BRPFPageNumber" style="color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">5</font></td>
                                        </tr>
                                        <tr>
                                          <td style="width: 50%; font-size: 8pt;" rowspan="1">+ See chapter 19 of the ASX Listing Rules for defined terms.</td>
                                          <td style="width: 50.00%;" rowspan="1"><br>
                                          </td>
                                        </tr>

                                    </table>
                                  </div>
                                </div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
