Announcement PDF ASX ANNOUNCEMENT: ASX: DAL 30 April 2024 Quarterly Activities Report For Period Ended 31 March 2024 _____________________________________________________________________________ Highlights Lyons River Project, Gascoyne Region of Western Australia Gold • Maiden drill program completed at the Goodbody gold prospect, Lyons River Project. • Drill program focused on testing gold-bearing, outcropping quartz veins defined over 200m strike length at Goodbody West. • Higher grade rock-chip gold assay results received to date from outcropping quartz veins at Goodbody include: o o o o • 6.25g/t Au – sample # CW1072 5.52g/t Au – sample # LR230103_3 1.70g/t Au – sample # LR230525_21 1.42g/t Au – sample # LR230103_10 Goodbody gold anomalism extends over a strike length of 6km with peak values of 132ppb Au at Goodbody West, 93ppb Au at Goodbody Central and 50ppb at Goodbody East. Browns Pb-Zn-Ag-Cu • Area wide heritage surveys completed at Browns and POW approvals received for planned drill program. • Four deep diamond drill holes to commence in April 2024 using Exploration Incentive Scheme grant of $180,000. • Diamond drill holes will test the significant Browns BHT mineralised system base metal (10m @ 1.04% Pb, 0.49% Zn, 2.85g/t Ag from 37m (LRAC010) Including 1m @ 3.13% Pb, 0.24% Zn, 5g/t Ag from 38m and copper target. _____________________________________________________________________________ Dalaroo Metals Ltd (ASX: DAL, “Dalaroo” or “Company”) is pleased to provide an update on its activities during the March Quarter 2024. Lyons River Project Dalaroo’s Lyons River Project comprises a strategic (100% owned) land position of 838km2 within the Proterozoic Mutherbukin Zone of the Gascoyne Province, Western Australia. Lyons River is prospective for, BHT type mineralised base metals (Pb-Zn-Ag-Cu), vein/shear related gold, REE and lithium deposits (Figure 1). Figure 1: Dalaroo Metals, Lyons River Project in the Gascoyne Province showing neighbouring companies and prospects. 2 Goodbody A focused drill program of air core (AC) drilling completed at the Goodbody gold prospect, Lyons River Project (“Lyons River”) in Gascoyne Province, Western Australia. Gold mineralization has been outlined in outcropping quartz veins at Goodbody within robust gold in soil anomalies with peak gold values of 132ppb Au at Goodbody West, 93ppb Au at Goodbody Central and 50ppb Au at Goodbody East. The footprint of the broader Goodbody Prospect lies within a broader, 6km long, gold in soil anomaly at 2ppb threshold (Figure 2). Goodbody gold mineralisation The sampled quartz veins at Goodbody are typically 5-30cm thick and are comprised of mainly quartz with minor biotite and locally, ferruginous oxide phases. They form sub-parallel to the pervasive structural fabric within foliation planes and commonly contain internal breccia zones consisting of Feoxide and silica-rich matrices, surrounding fragmented quartz vein clasts. The samples were composed of either vein material, the adjacent wall rocks, or a combination of both. At Goodbody West, gold concentrations including 1.42g/t, 1.70g/t and 5.52g/t from Dalaroo’s sampling have been returned from a particular set of quartz veins, hosted within a metasedimentary rock package comprising pelitic schist, siliceous chert, ironstone and BIF-style units (Figure 2). Historic rock chip sampling of quartz veins in this area returned up to 6.25g/t Au. In the Goodbody Central target area, pelitic schists are the dominant host rocks but zones of iron-oxide-rich, siliceous vein breccias and quartz-biotite-altered wall rocks are also prevalent (e.g. sample 230105_23, 0.48g/t Au). (Refer DAL ASX Announcements from 1 February 2023 and 8 November 2023). Figure 2. Location of recent rock chip samples within the Goodbody gold prospect area and soil geochemical anomalies. Overlaid on greyscale Total Magnetic Intensity (TMI)1VD basemap imagery. 3 It is noted that high-tenor soil anomalies and multiple rock-chip assays up to 5.52g/t Au associated with the Goodbody West, Central and East targets spatially coincide with intersections between interpreted WNW and NNE-trending structures (Figures 2 to 4). Such structural intersection zones represent potential zones of intensified deformation, that may be associated with favourable sites of hydrothermal fluid movement and gold mineralization. (Refer DAL ASX Announcements from 28 November 2022, 1 February 2023 and 8 November 2023). Figure 3: Goodbody West gold prospect and interpreted regional structures. Overlaid on greyscale Total Magnetic Intensity (TMI) 1VD base map. In this figure white text refers to rock chip assay values and black text refers to soil assays values. 4 Photo 1: Drill rig at Goodbody gold prospect 5 Figure 4: Location of Goodbody prospect in relation to additional gold prospects and interpreted regional structures within Lyons River Project area. Overlaid on greyscale Total Magnetic Intensity (TMI) 1VD base map. Copper potential High grade copper assay results of 54.8% coupled with silver grades of 80g/t have been returned from rock chip sampling program over the Browns base metal prospect (Figure 5). Gossanous outcrops sampled to the east of the AC drilled area have returned lead (Pb) values of up to 0.53% complemented by anomalous zinc (1140ppm) and copper (420ppm) at Lyons River (Refer DAL ASX Announcements from 31 October 2023). A rock chip sampling program at the expanded 3.5km X 2km Browns base metal Pb-Zn-Ag prospect has returned high grade copper with assay results of up to 54.8% at Lyons River (Figure 5). Copper assays of 1.64% have also been recorded from rock chip sampling previously completed at the Four Corners prospect located 5km to the west of Browns (Refer DAL ASX Announcements from 16 March 2022). Previous historical shallow RC drill program in 2008 at Four Corners returned an intersection of 3m @ 0.50% Cu including 1m @ 0.92% Cu from 56m, with mineralisation associated chalcopyrite (Figure 6) (Refer DAL ASX Announcements from 16 March 2022). Copper assay results from both Browns and Four Corners prospects are accompanied by silver assays of 80.0g/t and 21.5g/t respectively. 6 Photo 2: Copper-oxide (malachite) mineralisation in surface excavation and malachite rich rock chips at Browns prospect Photo 3: Outcropping copper oxide mineralisation (malachite) at Four Corners prospect 7 Four Corners Browns Figure 5: Browns prospect, Pb soil geochemical anomalies (previously reported) and Pb rock chip sample assays, high-grade copper rock chip sample location and proposed Induced Polarisation survey lines. Browns Pb-Zn-Ag Prospectivity and Potential The Browns Prospect represents the second site of Pb-Zn-Ag intersections discovered by bedrock drilling in the Mutherbukin Zone, 5km east of Dalaroo’s Four Corners Pb-Zn-Ag prospect (Figures 6 and 7). Two phases of AC drilling at the Browns prospect tested a very compelling broad Pb-Zn soil and rock chip geochemical anomaly (max 1445ppm Pb, 1080ppm Zn) covering an area of 3.5km X 2.5km, associated with extensive iron-rich and high-grade gossanous material at surface with results of up to 39.6% Pb, up to 0.71% Zn and up to 82g/t Ag (Refer DAL ASX Announcement from 15 November 2022). Detailed gravity work has complemented historical surveys by BHP and shows a coincident gravity low suggesting an area of possible deepening basin development. An interpreted sub-basin fold or trough structure at Browns may represent a deeper portion of the paleo-basin architecture and a favourable environment for formation of prospective host stratigraphy (Figure 8). (Refer DAL ASX Announcements from 25 July 2022 and 15 November 2022). 8 Figure 6: Four Corners prospect, drill hole location map with historical RC and diamond holes, DAL’s recently completed RC drill holes and base metal results. 9 Dalaroo’s AC drill programs at Browns have been successful in intersecting zones of interbedded psammitic to pelitic lithologies together with multiple zones of disseminated base metal sulphides such as galena and sphalerite. More than 800m of strike length lead-zinc mineralisation has been outlined at Browns which remains open in all directions (Figure 8). Ag intercepts are coincident with Pb and Zn assays and further support the presence of BHT/SEDEX-style of mineralisation (Figure 9). AC drilling programs have intersected thick zones of variably-pyritic, biotite-quartz gneiss, likely representing metamorphosed shales, and found to be enriched in silver, returning 63m @ 1.76g/t Ag from 16m and 16m @ 1.43g/t Ag from 68m (Figure 9) and has outlined the footprint of the Pb-Zn-Ag mineralized system at the Browns prospect to approximately 400m in thickness in its central portion. Significant Pb-Zn sulphide intercepts of 10m @ 1.04% Pb, 0.49% Zn, 2.85g/t Ag from 37m (LRAC010) Including 1m @ 3.13% Pb, 0.24% Zn, 5g/t Ag from 38m and 63m @ 1.76g/t Ag from 16m adds weight to this thesis. (Refer DAL ASX Announcement from 14 February 2023). AC drilling undertaken highlights the prospectivity of the area and possibility of discovering a significant BHT-SEDEX-style deposit at Browns prospect. Evidence that lead-zinc-silver mineralizing fluids have circulated at the basin-wide scale 5km east from the already drilled Four Corners Prospect supports this theory. This leads to the conclusion there may be multiple base metal deposits at Lyons River. Figure 7: Lyons River, Browns prospect and other five Pb-Zn soil geochemical prospects /targets over greyscale 1 Vertical Derivative Aeromagnetics image. 10 Figure 8: Map view of aircore drilling completed at Browns on ground gravity data basemap. Figure 9: Browns prospect, simplified cross section (see Figure 7) displaying selected mineralised drilling intercepts. 11 Next Steps at Lyons River Gold There will be a strong gold exploration focus by Dalaroo during 2024 particularly at Goodbody where gold anomalism extends over a strike length of 6km, and at Turbo Well located 7km east (Figure 4). Copper/Pb-Zn-Ag Dalaroo plans to test the significant Browns BHT mineralised system base metal (10m @ 1.04% Pb, 0.49% Zn, 2.85g/t Ag from 37m (LRAC010) Including 1m @ 3.13% Pb, 0.24% Zn, 5g/t Ag from 38m and copper target. Area wide heritage surveys completed at Browns and POW approvals are in place for drill testing to commence in April 2024. Four deep diamond drill holes using an DMIRS Exploration Incentive Scheme grant of $180,000 awarded in 2023. Deeper diamond drilling is expected to allow a better understanding of the geological transition to more pyritic and phyllosilicate-rich units identified at the southern limits of the drill tested area interpreted to represent a transition in the pre-metamorphic protolith stratigraphy to lower energy sedimentary units, considered more prospective for BHT/SEDEX type deposits. Namban Project The Manning Prospect is located 150km north of Perth and 90km north of Chalice Mining’s world class Julimar Ni-Cu-PGE Project (Figure 10). A diamond drill program partly funded by Dalaroo’s successful application in Round 26 of the Exploration Incentive Scheme (EIS) sponsored by the Government of Western Australia (grant was for an amount of up to $175,000, structured as a contribution towards 50% of direct drilling cost) was designed to test large Ni-Cu-PGE*+Au geochemical anomalies (Pd soil anomaly with a peak value of 28ppb coincident with Cu peak value of 605ppm and Ni peak value of 206ppm) covering an area of 2km X 0.5km that are coincident with Induced Polarisation (IP) anomalies with high chargeability values of up to 40 mV/V. Elevated copper, gold and silver assays up to 0.11% Cu, 0.61g/t Au and 14.5g/t Ag were intersected in the drilling program (Figure 11). Next Steps at Namban Given the significant size of the surface geochemical anomalism (Ni-Cu-PGE*+Au) outlined (measuring 2km X 0.5km) at the Manning Prospect and only four holes drilled using Dalaroo’s successful grant under the EIS $175,000, further exploration work is warranted. Future work at the Manning Prospect will include ground gravity surveys, which are expected to complement and expand upon the existing geochemical and geophysical datasets which have helped to delineate encouraging sulphide copper and gold mineralisation. Gravity surveys will provide additional insight through mapping the local density variation and potentially define deep seated intrusions or sources to the base metal mineralisation and differentiate prospective mafic and gabbroic units from the more recent Proterozoic dolerite dykes which trend through the project and provide targets for potential follow up drill programs. 12 Figure 10: Namban Project Location along the northern extent of the arcuate Julimar – Yule Corridor, truncated by the Darling Fault (dark blue) to the west. Image is 1VD-RTP magnetics draped with Bouger Gravity 13 Figure 11: Namban Project – Manning prospect: Contoured soil anomalies, diamond drill hole locations and bedrock anomalies. Contours >5ppb Au contours in red; >75ppm Cu in green; >100ppm Ni in magenta; >5ppb Pt in blue Corporate As at the date of this report, the Company has the following securities on issue: Security Type Number Fully Paid Ordinary Shares 82,750,000 Unlisted Options - exercisable at $0.25 each, expiring 28 September 2025 8,000,000 Unlisted Options – exercisable at $0.25 each, expiring 28 September 2024 5,000,000 Unlisted Options – exercisable at $0.08 each, expiring 5 July 2025 14,375,000 Financial Commentary The Appendix 5B for the quarter ended 31 March 2024 provides an overview of the Company’s financial activities. Exploration expenditure for the quarter was $268K. Corporate, staff costs and other expenditure for the quarter was $192K. The total amount paid to Directors of the Company, their associates and other related parties was $125K which includes salary and fees and rent paid to Borden Holdings Pty Ltd (an entity associated with Mr David Quinlivan) for leasing the corporate offices. The Company’s cash balance at the end of the quarter was $288K, in addition the Company has liquid investments of over $300K. 14 ENDS For more Information: Please visit our website for more information: www.dalaroometals.com.au Harjinder Kehal, Managing Director on +61 400 044 890 Authorised for release to the ASX by the Board of Dalaroo Metals Ltd. COMPETENT PERSON The information in this report that relates to Exploration results is based on information compiled by Dalaroo Metals Ltd and reviewed by Mr Harjinder Kehal who is the Managing Director of the Company and is a Registered Practicing Geologist and Member of the AusIMM and AIG. Mr Kehal has sufficient experience that is relevant to the style of mineralisation, the type of deposit under consideration and to the activities undertaken to qualify as a Competent person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Kehal consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. FORWARD-LOOKING INFORMATION This report may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning the planned exploration program and other statements that are not historical facts. When used in this report, the words "could", "plan", "estimate", "expect", "intend", "should" and similar expressions are forward-looking statements. Although Dalaroo believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. CAUTIONARY NOTE The statements and information contained in this report are not investment or financial product advice and are not intended to be used by persons in deciding to make an investment decision. In releasing this report, Dalaroo has not considered the objectives, financial position or requirements of any particular recipient. Accordingly, potential investors should obtain financial advice from a qualified financial advisor prior to making an investment decision. NO NEW INFORMATION Except where explicitly stated, this report contains references to prior exploration results, all of which have been cross-referenced to previous market announcements made by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements. 15 ASX Releases during the March Quarter 2024 Description 30 January 2023 December 2023 Quarterly Activities/Appendix 5B Cashflow Report. 19 February 2024 Change of Director’s interest notice. 26 February 2024 Goodbody gold prospect maiden drilling program commences. 7 March 2024 Half Yearly Report and Accounts. 13 March 2024 Change of Share Registry Details. TENEMENT SCHEDULE AS AT 31 MARCH 2024 Interest held at 31 March 2024 Project Name Location Tenement Licence Lyons River WA E09/1824 Lyons River WA E09/1825 100% Lyons River WA E09/2098 100% Lyons River WA E09/2102 100% Lyons River WA E09/2304 100% Lyons River WA E09/2305 100% Lyons River WA E09/2312 100% Lyons River WA E09/2713 100% Namban WA E70/4694 100% Namban WA E70/4928 100% Namban WA E70/5702 100% Namban WA E70/5494 100% Namban WA E70/5502 100% Namban WA E70/5604 100% 100% 16 About the Lyons River Project Lyons River is located approximately 1,100km north of Perth and approximately 220 km to the northeast of the coastal town of Carnarvon, Western Australia. The Lyons River Project lies within the Mutherbukin Zone of the Gascoyne Province, which is the deformed and high-grade metamorphic core zone of the early Proterozioc Capricorn Orogen (Figure 12). Figure 12: Lyons River Project location diagram 17 Sweet Spots for BHTs/ SEDEXs Geoscience Australia’s 2019 study, using surface wave tomography and a parameterisation for anelasticity at seismic frequencies shows 85% of world’s sediment hosted base metal deposits occur within 200km of the edges of thick lithosphere. The Australian model shows striking correlation between major sediment hosted deposits and edge of thick lithosphere, defined by 170km lithosphereaesthenosphere boundary (LAB) contour. Lyons River is located 156km away from the 170km LAB contour (Figure 13). Figure 13: Distribution of BHT/SEDEX deposits, function of lithospheric thickness in Australia 18 About the Namban Project Namban Project comprises an under explored ground package totalling 437km2 located in the mid-north part of the wheatbelt region, deemed by Dalaroo to be prospective for magmatic intrusion related NiCu-PGE deposits. The Company has a 100% controlling interest in the Namban Project, comprising six tenements extending from the townships of Moora in the south to Three Springs in the north (Figure 14). Figure 14: Namban Project tenements location map. 19 Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity DALAROO METALS LTD ABN Quarter ended (“current quarter”) 23 648 476 699 31 March 2024 Consolidated statement of cash flows Current quarter $A’000 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for Year to date (9 months) $A’000 3 3 (268) (1,020) (b) development - - (c) production - - (d) staff costs (123) (415) (e) administration and corporate costs (69) (329) (a) exploration & evaluation 1.3 Dividends received (see note 3) - - 1.4 Interest received - 3 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - 24 1.8 Other (provide details if material) 3 16 1.9 Net cash from / (used in) operating activities (454) (1,718) 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) tenements - - (c) property, plant and equipment - - (d) exploration & evaluation - - (e) investments - - (f) - - other non-current assets ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 1 1 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 2.2 Current quarter $A’000 Year to date (9 months) $A’000 Proceeds from the disposal of: (a) entities - - (b) tenements - - (c) property, plant and equipment - - (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other – proceeds from sale of Mineral Rights at Lyons River Project (inclusive of GST) - 550 2.6 Net cash from / (used in) investing activities - 550 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) - 671 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities - (57) 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (provide details if material) - - 3.10 Net cash from / (used in) financing activities - 613 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 742 843 4.2 Net cash from / (used in) operating activities (item 1.9 above) (454) (1,718) 4.3 Net cash from / (used in) investing activities (item 2.6 above) - 550 ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 2 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows Current quarter $A’000 Year to date (9 months) $A’000 4.4 Net cash from / (used in) financing activities (item 3.10 above) - 613 4.5 Effect of movement in exchange rates on cash held - - 4.6 Cash and cash equivalents at end of period 288 288 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 5.2 Call deposits 288 742 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 288 742 6. Payments to related parties of the entity and their associates 6.1 Aggregate amount of payments to related parties and their associates included in item 1 125 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - Current quarter $A'000 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. ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 3 3 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report 7. Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 7.1 Loan facilities - - 7.2 Credit standby arrangements - - 7.3 Other (please specify) - - 7.4 Total financing facilities - - 7.5 Unused financing facilities available at quarter end 7.6 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. 8. Estimated cash available for future operating activities 8.1 Net cash from / (used in) operating activities (item 1.9) 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (404) 8.4 Cash and cash equivalents at quarter end (item 4.6) 288 8.5 Unused finance facilities available at quarter end (item 7.5) 8.6 Total available funding (item 8.4 + item 8.5) 288 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) (0.7) - $A’000 (404) - - Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. 8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 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? Answer: Yes 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: Yes, the Company holds shares in ASX listed DLI that can be converted into cash and the Company believes there is a high likelihood of continuing to raise capital as and when required. ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 4 4 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: Yes, by reducing operating expenditure, selling liquid investments and raising sufficient cash to support its current exploration programmes. Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. Date: 30 April 2024 Authorised by: The Board of Dalaroo Metals Ltd (Name of body or officer authorising release – see note 4) Notes 1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’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. 2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows 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. 3. 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. 4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee – eg Audit and Risk Committee]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”. 5. 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’s Corporate Governance Principles and Recommendations, 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. ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 5 5