Announcement PDF ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2026 Gold and critical minerals exploration in Côte d’Ivoire, Greenland and Western Australia ASX:DAL | OTCQB:DALMF DALAROO METALS LTD | ACN 648 476 699 DALAROO METALS LTD ACN 648 476 699 CONTENTS PAGE dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 2 PAGE Corporate Directory 3 Chairman’s Review 4 Directors’ Report 5 Auditor’s Independence Declaration 27 FINANCIAL STATEMENTS Consolidated Statement of Profit or Loss and Other Comprehensive Income 28 Consolidated Statement of Financial Position 29 Consolidated Statement of Changes in Equity 30 Consolidated Statement of Cash Flows 31 Notes to the Consolidated Financial Statements 32 Consolidated Entity Disclosure Statement 60 Directors’ Declaration 61 Independent Auditor’s Report 62 ASX Additional Information 63 67 DALAROO METALS LTD ACN 648 476 699 CORPORATE DIRECTORY dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 3 DIRECTORS Bilal Ahmad – Non-Executive Chairman Joshua Gordon – Non-Executive Director Tim Wither – Non-Executive Director (appointed 25 November 2025) Faheem Ahmed – Non-Executive Director (appointed 29 April 2026) David Quinlivan – Non-Executive Chairman (resigned 25 November 2025) CHIEF EXECUTIVE OFFICER John Morgan (appointed 24 November 2025) COMPANY SECRETARY Jay Stephenson (appointed 17 October 2025) REGISTERED OFFICE Level 50, 108 St Georges Terrace Perth WA 6000 PRINCIPAL PLACE OF BUSINESS Level 50, 108 St Georges Terrace Perth WA 6000 SHARE REGISTRY Automic Pty Ltd Level 5, 126 Phillip Street Sydney NSW 2000 AUDITOR Hall Chadwick WA Audit Pty Ltd 283 Rokeby Road Subiaco WA 6008 SOLICITORS Steinepreis Paganin Level 14, 250 St Georges Terrace Perth WA 6000 STOCK EXCHANGE LISTING Australian Securities Exchange (ASX: DAL, DALO) Home exchange: Perth, Western Australia OTCQB Market, United States (OTCQB: DALMF) WEBSITE www.dalaroometals.com.au COMPANY INFORMATION The Company was incorporated and registered under the Corporations Act 2001 in Western Australia. The Company is domiciled in Australia. DALAROO METALS LTD ACN 648 476 699 CHAIRMAN’S REVIEW dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 4 Dear Shareholder, On behalf of the Board of Dalaroo Metals Ltd, I am pleased to present the Annual Report for the year ended 30 June 2026. The 2026 financial year was a transformational one for Dalaroo. Over the past twelve months, the Company has repositioned itself from a Western Australian base metals explorer to a gold and critical minerals explorer with a portfolio spanning Côte d’Ivoire, Greenland and Western Australia. In Côte d’Ivoire, we secured the right to earn up to an 80% interest in the Bondoukou Gold Project in February 2026. Our in-country team moved quickly from due diligence sampling to a systematic soil geochemistry program over the Gold Ridge prospect, which defined a coherent gold-in-soil corridor of approximately 7 km across the Mag, Wilfred and Ali target areas. Auger drilling commenced in June 2026 to refine targets ahead of the Company’s maiden RC drilling program. In Greenland, we completed the acquisition of the Blue Lagoon Project. Results from the 2025 maiden field program confirmed a district-scale zircon-rich heavy mineral system with elevated rare earth values, and the approval of licences M-516 and M-517 materially expanded our footprint. Our most comprehensive field program at Blue Lagoon to date commenced in June 2026. In Western Australia, we commenced a soil geochemistry program at the Watheroo Project targeting nickel-copper-PGE mineralisation, while continuing to review our Lyons River tenements. These programs were supported by $3.78 million raised through placements during the year, together with the exercise of options. Subsequent to year end, the Company received firm commitments for a further $2.5 million placement to fund Phase 1 RC drilling at Bondoukou. I am pleased that the Directors and senior management have participated in these raisings alongside our shareholders. During the year, the Company’s shares also commenced trading on the OTCQB Market in the United States, broadening our access to North American investors. The year also saw significant changes to the Board and management. I thank David Quinlivan for his leadership as Chairman from the Company’s inception until November 2025. We welcomed Tim Wither and Faheem Ahmed to the Board, and John Morgan as Chief Executive Officer. John and his team, in Perth, Côte d’Ivoire and Greenland, have delivered a substantial work program in a short period of time. Dalaroo enters the 2027 financial year with maiden drilling under way at Bondoukou and active programs across its portfolio. On behalf of the Board, I thank our shareholders for their continued support, and our employees, contractors and host communities for their contribution during the year. Yours sincerely Bilal Ahmad Chairman 30 September 2026 DALAROO METALS LTD ACN 648 476 699 DIRECTORS’ REPORT dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 5 The Directors present their report, together with the consolidated financial statements, on the consolidated entity (referred to hereafter as the ‘Group’) consisting of Dalaroo Metals Ltd (the ‘Company’ or ‘Dalaroo’) and the entity it controlled at the end of, or during, the year ended 30 June 2026. DIRECTORS The following persons were Directors of the Company during the whole of the financial year and up to the date of this report, unless otherwise stated: Mr Bilal Ahmad - Non-Executive Chairman (appointed Chairman 3 August 2026) Bachelor of Medicine, Bachelor of Surgery Mr Ahmad is an accomplished investor with an extensive 15-year track record of strategic investments in ASX-listed companies and private ventures. His focus spans the resources, technology and life science sectors, where he has consistently deployed capital to support the growth and innovation of emerging companies. Mr Ahmad is currently Chairman of Critical Resources Ltd and a Non-Executive Director of Altair Minerals Limited. He has held no other directorships of listed companies in the three years before the end of the financial year. Mr Ahmad was appointed as a Director on 28 June 2024 and as Non-Executive Chairman on 3 August 2026. Mr Joshua Gordon - Non-Executive Director BCom (Finance), MMgt (Accounting) Mr Gordon is an experienced corporate finance professional who has raised capital for many small and emerging resource and energy companies on the ASX. Mr Gordon is well versed in all facets of the equity capital markets transaction lifecycle with deep experience in transaction origination, structuring, execution and distribution. Mr Gordon holds a Bachelor of Commerce (Finance) from Monash University and a Master of Management (Accounting) from the University of Melbourne. Mr Gordon is also a Non-Executive Director of Skin Elements Limited, Critical Resources Ltd and Anagenics Limited. During the past three years Mr Gordon has been a director of Liberty Metals Limited (ASX: LIB) and Advance Metals Limited (ASX: AVM) Mr Gordon was appointed as a Director on 28 June 2024. Mr Tim Wither - Non-Executive Director (appointed 25 November 2025) BSc (Mine Engineering and Surveying), Grad Dip Mining, MBA, Grad Dip Natural Resource Law, GAICD Mr Wither is a seasoned mining executive with over 20 years of experience in the global resources sector. He has held senior leadership and strategic roles across Australia, India, Africa and South America, and has played a pivotal role in advancing several greenfield base metal projects into production. His industry experience spans both ASX and TSX-listed companies, with a strong track record in project development, corporate leadership and stakeholder engagement. Mr Wither was previously Managing Director of Maximus Resources Ltd (ASX: MXR), where he oversaw the company’s strategic growth initiatives and exploration programs, including a US$3 million lithium joint venture with the Korean government agency KOMIR and a non-binding memorandum of understanding with global battery manufacturer LG Energy Solution. Maximus Resources was acquired by Astral Resources NL (ASX: AAR) under a $31 million off-market takeover, representing a gold resource valuation of $93/oz Au and a 67% premium to the 30-day volume-weighted average price. Mr Wither holds a Bachelor of Science in Mine Engineering and Surveying and a Graduate Diploma of Mining from the Western Australian School of Mines, an MBA from the Curtin University Graduate School of Business and a Graduate Diploma in Natural Resource Law from the University of Western Australia, and is a graduate of the Australian Institute of Company Directors. He is also a candidate for the Master of Commercial and Resources Law at the University of Western Australia. DALAROO METALS LTD ACN 648 476 699 DIRECTORS’ REPORT dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 6 Mr Wither is currently Managing Director of Critical Resources Ltd and was Managing Director of Maximus Resources Ltd (ASX: MXR) until its acquisition by Astral Resources NL. He has held no other directorships of listed companies in the three years before the end of the financial year. Mr Wither was appointed as a Director on 25 November 2025. Mr Faheem Ahmed - Non-Executive Director (appointed 29 April 2026) Bachelor of Engineering, Bachelor of Project Management Mr Ahmed has held board and executive roles with a number of ASX-listed resources companies since 2023, with experience spanning exploration and development asset evaluation, capital allocation and stakeholder engagement. He was previously a Non-Executive Director of Viridis Mining & Minerals Ltd (ASX: VMM), where he was involved in securing the Colossus Rare Earths Project. Mr Ahmed is also a Non-Executive Director of Infini Resources Ltd (ASX: I88) and was previously a Non-Executive Director of Viridis Mining & Minerals Ltd (ASX: VMM). He has held no other directorships of listed companies in the three years before the end of the financial year. Mr Ahmed was appointed as a Director on 29 April 2026. Mr David Quinlivan - Non-Executive Chairman (appointed 5 March 2021, resigned 25 November 2025) CHIEF EXECUTIVE OFFICER Mr John Morgan (appointed 24 November 2025) BSc (Geology), MAusIMM Mr Morgan is a mining and exploration executive with more than 18 years of experience across the Western Australian gold, nickel and base metals sectors, including senior roles with Focus Minerals, Westgold Resources and Panoramic Resources. Mr Morgan is a Member of the Australasian Institute of Mining and Metallurgy. Mr Christopher Connell (appointed 9 May 2025, ceased 16 October 2025) COMPANY SECRETARY Mr Jay Stephenson (appointed 17 October 2025) MBA, FCPA, CA, CPA (Canada), CMA (Canada), FCIS, FGIA Mr Stephenson has been involved in business development for over 35 years, including approximately 29 years as a Director, Chief Financial Officer or Company Secretary of listed and unlisted entities in the resources and other industries in Australia and overseas. Mr John Arbuckle (resigned 17 October 2025) PRINCIPAL ACTIVITIES During the financial year, the principal activity of the Group was mineral exploration and evaluation at its projects in Côte d’Ivoire, Greenland and Western Australia. During the year, the Group expanded its activities beyond Western Australia through the acquisition of the Blue Lagoon Project in Greenland and entry into agreements to earn interests in the Bondoukou and Bongouanou Gold Projects in Côte d’Ivoire. There were no other significant changes in the nature of the Group’s activities during the financial year. RESULTS OF OPERATIONS The loss of the Group after providing for income tax amounted to $2,625,317 (2025: $2,727,898). Total comprehensive loss for the year was $2,646,213 (2025: $2,727,898), which includes a foreign currency translation loss of $20,896 on the Group’s Côte d’Ivoire operations. At 30 June 2026, the Group had cash and cash equivalents of $509,442 (2025: $454,826) and net assets of $2,625,588 (2025: $835,644). DALAROO METALS LTD ACN 648 476 699 DIRECTORS’ REPORT dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 7 REVIEW OF OPERATIONS The 2026 financial year marked the repositioning of Dalaroo from a Western Australian base metals explorer to a multi-jurisdiction gold and critical minerals explorer. During the year the Company completed the acquisition of the Blue Lagoon critical minerals project in southern Greenland, secured the Bondoukou Gold Project in Côte d’Ivoire, established an in-country operating subsidiary and exploration team in Côte d’Ivoire, and commenced trading on the OTCQB Market in the United States. BLUE LAGOON PROJECT – GREENLAND (100%) The Blue Lagoon Project (exploration licence MEL 2022-07) is located in south-west Greenland within the Gardar Alkaline Province, which is recognised for hosting alkaline intrusive systems prospective for rare earth elements (REE), niobium and zirconium. The project covers alkaline intrusive source rocks, sediment transport pathways and terrestrial, lagoonal and nearshore depositional environments. The heavy-mineral system is interpreted to have formed through erosion and transport of mineralised alkaline rocks within the Nunarsuit Complex. Figure 1: Location of the Blue Lagoon Project, southern Greenland. Acquisition and tenure On 7 January 2026 the Company announced completion of the acquisition of 100% of the Blue Lagoon Project, and transfer of licence MEL 2022-07 to the Company was completed in April 2026. In May 2026, the Greenland Government approved exploration licences M-516 and M-517, materially expanding the Company’s footprint over interpreted source rocks, sediment transport pathways and depositional environments surrounding MEL 2022-07. Offshore licence application M-523 remained under assessment at year end. DALAROO METALS LTD ACN 648 476 699 DIRECTORS’ REPORT dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 8 Figure 2: Blue Lagoon granted and approved licence areas and offshore licence application 2025 maiden exploration program The Company completed its maiden field program at Blue Lagoon during the 2025 northern summer, comprising geological mapping, stream, lagoon and surface sampling, together with shallow auger drilling. This represented the first modern systematic exploration of the project area since 1979. As announced on 16 January 2026, the program identified a coherent zone of critical-mineral anomalism extending over approximately 2.7 km of strike, with all 113 samples returning anomalous critical- mineral values and peak results of 4.42% ZrO₂ and approximately 0.81% TREO, including HREO values exceeding 600 ppm. Subsequent analysis announced on 2 February 2026 identified a strong zirconium–hafnium correlation, supporting the interpretation of a zircon-rich heavy mineral system formed by sedimentary and hydraulic concentration processes, with low uranium and thorium levels. 2026 field program The Company expanded its exploration model to the nearshore and offshore environment, where natural hydraulic sorting may concentrate heavy minerals transported from the alkaline source rocks. The Company engaged Xploration Services Greenland to support logistics and field execution, with mobilisation commencing in June 2026 and the principal field activities continuing after year end. The program was completed in July 2026 and comprised geological and structural mapping, surface and stream sampling, ground penetrating radar, bathymetric profiling, hand-auger sampling and Van Veen sampling across the lagoon and nearshore environments. A total of 276 samples were collected during the program, with laboratory analysis and interpretation of the geological, GPR and bathymetric datasets continuing at the date of this report. In February 2026, the Company appointed rare earths specialist Mr Greg Barnes as Special Advisor – Greenland. DALAROO METALS LTD ACN 648 476 699 DIRECTORS’ REPORT dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 9 BONDOUKOU GOLD PROJECT – CÔTE D’IVOIRE (RIGHT TO EARN UP TO 80%) On 25 February 2026 the Company announced a binding agreement to acquire up to an 80% interest in the Bondoukou Gold Project, comprising granted permit PR 825 in north-eastern Côte d’Ivoire within the Birimian greenstone belt. The Gold Ridge prospect is the priority exploration area and lies approximately 35 km north-west of Endeavour Mining’s Tanda-Iguela project. The project is characterised by extensive artisanal workings over approximately 9 km of strike. Due diligence rock chip sampling returned assays of up to 17.95 g/t Au from quartz reef material within artisanal workings (announced 9 March 2026), and integrated geological, geochemical and structural interpretation defined a 2.5 km drill target at Gold Ridge up to 400 m wide (announced 19 March 2026). During the June 2026 quarter, the Company completed a systematic soil geochemistry program over the Gold Ridge structural corridor comprising approximately 194.5 km of sampling lines and 3,612 primary soil samples. Results defined a coherent gold-in-soil anomaly extending approximately 7 km across three priority target areas – Mag, Wilfred and Ali – with the system remaining open. Peak soil assays included 23.26 g/t Au, 3.25 g/t Au, 2.54 g/t Au and 2.09 g/t Au, and 529 samples returned more than 25 ppb Au, including 127 samples above 100 ppb Au and 19 samples above 500 ppb Au (announced 2 and 15 June 2026). Figure 3: Gold-in-soil results at the Gold Ridge prospect showing the Mag, Wilfred and Ali target areas. In June 2026, the Company executed an auger drilling services agreement with GEO-EXPLO Services SARL for a minimum 5,000 m program, which commenced during the month using three rigs. The auger program was designed to improve anomaly definition beneath transported cover and prioritise DALAROO METALS LTD ACN 648 476 699 DIRECTORS’ REPORT dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 10 targets for maiden RC drilling. At 30 June 2026, the Company was planning an initial 10,000 m RC program. Subsequent to year end, Phase 1 was expanded to a fully funded 12,000 m program targeting the Mag, Wilfred and Ali areas, with maiden RC drilling commencing in September 2026. BONGOUANOU GOLD PROJECT – CÔTE D’IVOIRE (RIGHT TO EARN UP TO 80%) The Bongouanou Project comprises permit application PR 816 in south-east Côte d’Ivoire within the Sefwi-Comé belt, where historical exploration included soil geochemistry, aircore and diamond drilling (refer ASX announcement of 10 June 2025). During the year, the in-country team continued historical data compilation, regional geological review, structural interpretation and stakeholder engagement across the project area. The permit remains under application, and future field activities are subject to grant and regulatory approvals. RED ROCK RESOURCES TRANSACTION – CÔTE D’IVOIRE The Company continued due diligence on the proposed acquisition of interests in a portfolio comprising two granted exploration permits and two exploration permit applications from Red Rock Resources PLC, comprising Djekanou (PR 920) and Yamoussoukro (PR 921) (granted) and Kokoumbo (PR 923) and Molonou (PR 922) (applications), covering approximately 1,368 km² in central Côte d’Ivoire. The parties agreed to extend the settlement timeline to allow completion of due diligence, definitive documentation and regulatory approvals. There is no certainty that the proposed transaction will complete. Figure 4: Location of the Company’s Côte d’Ivoire projects. To support its West African activities the Company established a Côte d’Ivoire subsidiary, Dalaroo Metals Côte d’Ivoire SARLU, appointed Mr Frank Twum-Berima Bosompem as Country Manager and DALAROO METALS LTD ACN 648 476 699 DIRECTORS’ REPORT dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 11 Exploration Manager in August 2025, and appointed Mr Mohammed Niaré as President of Business Development – Côte d’Ivoire in March 2026. WESTERN AUSTRALIA Watheroo Project (formerly Namban) (100%) Following a technical review of the Western Australian portfolio during the March 2026 quarter, the Company commenced a soil geochemistry program at the Watheroo Chonolith prospect (E70/5494). The planned program comprised 466 samples over 26 lines. The target is an interpreted mafic- ultramafic intrusive system expressed as an approximately 7 km by 3 km magnetic feature, prospective for magmatic nickel-copper-PGE mineralisation. Stage 1 collection, comprising 106 samples, was completed during the June 2026 quarter, with the samples prepared for laboratory dispatch. Lyons River Project (100%) The Company continued technical review and target prioritisation across the seven granted tenements comprising the Lyons River Project in the Gascoyne region. No material field exploration was undertaken during the year, with expenditure prioritised toward the Company’s active programs in Côte d’Ivoire, Greenland and at Watheroo. CORPORATE Capital raisings During the year, the Company raised $3,780,000 (before costs) through placements and a further $240,936 from the exercise of options, as follows: • $1,000,000 placement at $0.025 per share with one free attaching option (exercisable at $0.036, expiring 23 August 2029) for every three shares, comprising 35,100,000 shares issued on 11 August 2025 and 4,900,000 shares issued to Directors on 12 December 2025 following shareholder approval; • $1,350,000 placement announced on 15 October 2025 at $0.055 per share with one free attaching option (exercisable at $0.036, expiring 23 August 2029) for every four shares, comprising 24,545,455 shares issued on 12 December 2025, including 2,727,273 shares issued to Mr Bilal Ahmad following shareholder approval at the 2025 Annual General Meeting; • Tranche 1 of a $1,750,000 placement at $0.075 per share with one free attaching option (exercisable at $0.10, expiring 27 May 2031) for every two shares, comprising 19,066,667 shares issued on 27 May 2026. Tranche 2 of 4,266,667 shares to Directors was approved by shareholders and issued after year end; and • 6,692,667 shares issued on the exercise of options at $0.036 per option. The Company also issued 2,700,000 shares to Mr Bosompem as a sign-on incentive and 400,000 shares on the conversion of performance rights. Quotation of options and OTCQB listing On 27 February 2026 shareholders approved an amendment to the terms of the options exercisable at $0.036 expiring 23 August 2029, and these options were subsequently quoted on the ASX under the code DALO. On 13 March 2026 the Company’s shares commenced trading on the OTCQB Market in the United States under the code DALMF. The Company also partnered with InvestorHub to strengthen engagement with its shareholders. Board and management Mr John Arbuckle resigned as Company Secretary and Mr Jay Stephenson was appointed Company Secretary on 17 October 2025. Mr Christopher Connell ceased as Chief Executive Officer on 16 October 2025 and Mr John Morgan was appointed Chief Executive Officer on 24 November 2025. Mr David Quinlivan resigned as Non-Executive Chairman and Mr Tim Wither was appointed a Non- Executive Director on 25 November 2025. Mr Faheem Ahmed was appointed a Non-Executive Director on 29 April 2026. Mr Trystan Hughes was appointed Exploration Manager – Greenland and Western Australia on 20 April 2026. DALAROO METALS LTD ACN 648 476 699 DIRECTORS’ REPORT dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 12 RISKS AND UNCERTAINTIES The Group is subject to risks that are specific to the Group and its business activities, as well as general risks. The material business risks that could affect the Group are set out below. Future funding risks At 30 June 2026, the Group had cash and cash equivalents of $509,442 and net assets of $2,625,588. Subsequent to year-end, the Company completed a placement to raise $2.5 million (before costs) to fund its planned drilling at Bondoukou. The Group will require further funding to advance its exploration programs and meet its earn-in and tenement commitments. The Group’s ability to raise additional funds will be subject to, among other things, exploration results, commodity prices and conditions in equity markets generally. The Group has the ability to control the level of its discretionary expenditure, and the Directors regularly review expenditure and the Group’s ability to raise additional funding. If the Group is unable to raise funds when required, its operations could be significantly affected. Exploration risk Mineral exploration is inherently speculative. The Group’s projects are at an early stage and there is no assurance that exploration will result in the discovery of an economic mineral deposit. Sovereign and jurisdictional risk The Group’s principal projects are located in Côte d’Ivoire and Greenland. Operations in these jurisdictions are subject to political, economic, regulatory and social risks, including changes in mining and investment laws, taxation, permitting regimes, community expectations and restrictions on the repatriation of funds. Community and land access risk Exploration activities depend on maintaining access arrangements with landholders, host communities and government authorities. Artisanal mining activity, competing land-use interests and changes in community support may delay or restrict access to exploration areas, disrupt drilling schedules and increase operating costs. The Group manages these risks through ongoing community consultation, documented access arrangements and engagement with relevant government authorities. Tenure and title risk Certain of the Group’s interests are held under permit applications or are subject to the satisfaction of earn-in obligations and other conditions, including the Bongouanou permit application, the Bondoukou earn-in and the proposed Red Rock Resources transaction. There is no assurance that applications will be granted, that earn-in obligations will be satisfied or that proposed transactions will complete. Foreign exchange risk The Group incurs expenditure in West African CFA francs, Danish kroner and other currencies while its funding is raised in Australian dollars. Movements in exchange rates may affect the cost of the Group’s exploration programs. Taxation risks Changes in tax law, or changes in the way tax laws are interpreted, may impact the tax liabilities of the Group, shareholder returns, or the tax treatment of a shareholder’s investment. The Group utilises expert consultants in relation to taxation in Australia and in the jurisdictions in which it operates. IT system failure and cyber security risks Any information technology system is potentially vulnerable to interruption and/or damage from a number of sources, including computer viruses, cyber security attacks and other security breaches, power, systems, internet and data network failures, and natural disasters. The Group seeks to manage these risks through outsourced IT management by a reputable services provider. SIGNIFICANT CHANGES IN STATE OF AFFAIRS Significant changes in the state of affairs of the Group during the financial year were as follows: • completion of the acquisition of the Blue Lagoon Project in Greenland; DALAROO METALS LTD ACN 648 476 699 DIRECTORS’ REPORT dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 13 • entry into agreements to earn up to an 80% interest in the Bondoukou and Bongouanou Gold Projects in Côte d’Ivoire and the establishment of the Group’s Côte d’Ivoire subsidiary; • the capital raisings described above, which increased issued capital by $3,674,623 (net of costs); and • the changes to the Board and executive management described above. There were no other significant changes in the state of affairs of the Group during the financial year. DIRECTORS’ INTERESTS As at the date of this report, the Directors’ interests in shares and options of the Company are as follows: Director Ordinary Shares Quoted Options (DALO) Unlisted Options Performance Rights B Ahmad 26,166,667 14,515,151 1,333,333 8,000,000 J Gordon 9,875,000 10,562,291 - 8,000,000 T Wither 516,667 - 133,333 - F Ahmed 2,208,333 1,875,000 666,667 - Note: Unlisted options are exercisable at $0.10 expiring 27 May 2031 and were issued with the Tranche 2 placement shares on 23 July 2026. Mr Wither’s interests are held by his spouse and Mr Ahmed’s by 952i Capital Pty Ltd. DIRECTORS’ MEETINGS The number of meetings of the Company’s Directors held either in person or by circular resolution during the year ended 30 June 2026, and the number of meetings attended by each Director, are as follows: Director Board Meetings Audit & Risk Committee Meetings Nomination & Remuneration Committee Meetings Eligible to Attend Attended Eligible to Attend Attended Eligible to Attend Attended B Ahmad 3 3 1 1 - - J Gordon 3 3 1 1 - - T Wither 1 1 - - - - F Ahmed 1 1 - - - - D Quinlivan 2 2 1 1 - - Note: Mr Wither was appointed 25 November 2025, Mr Ahmed was appointed 29 April 2026 and Mr Quinlivan resigned 25 November 2025. During the year the Audit and Risk Committee comprised Mr Joshua Gordon (Chair), Mr Bilal Ahmad and Mr David Quinlivan. The Company does not have a separately constituted Nomination and Remuneration Committee; those matters are dealt with by the full Board. DALAROO METALS LTD ACN 648 476 699 DIRECTORS’ REPORT dalaroometals.com.au | ASX: DAL | OTCQB: DALMF 14 OPTIONS OVER UNISSUED CAPITAL Options and Performance Rights As at 30 June 2026, 222,497,852 unissued ordinary shares of the Company were under option as follows: Number of Options Exercise Price Expiry Date 199,964,519 3.6 cents each 23 August 2029 (quoted – ASX: DALO) 13,533,333 10 cents each 27 May 2031 3,000,000 8 cents each 12 December 2028 6,000,000 5 cents each 16 May 2030 During the financial year 41,003,019 options were issued, 6,692,667 options were exercised at $0.036 each and 8,000,000 options exercisable at $0.25 each expired on 24 September 2025. As at 30 June 2026, there were also 35,500,000 performance rights on