Quarterly Activities and Cash Flow Reports to 30 June 2022

• Collaboration with University of Tasmania, to commence late 2022, will focus on research and development in environmentally sustainable production of critical minerals including tungsten • Ammonium Paratungstate (APT) prices remain high, with prices holding steady at US$344-$350 per mtu. • $4.6 million in cash, and $41.2 million in undrawn debt facilities as at 30 June 2022, in line with forecas