Bunyu Offtake Extended and Sales Significantly Increased

▪ Binding Offtake Agreement with Qingdao Baixing Graphite Co., Ltd varied to extend commencement date, aligning with the expected Bunyu development timeline under the Unbounded Opportunities Fund SPC (UOF) binding term sheet. • Significant increase in initial annual coarse flake graphite offtake volumes to 20,000tpa (Years 1-2) increasing to 90,000tpa (Years 3-5) under a five-year term (5 year ext