Quarterly Activities/Appendix 5B Cash Flow Report

• Delivered a maiden Mineral Resource Estimate (MRE) for Area B of 339Mt @ 1,075ppm TREO and 36.6ppm gallium, expanding the Caladão resource base by 145% (REE) and 339% (gallium) • The combined Area A + B MRE now stands at 572 Mt @ 1,506 ppm TREO and 439 Mt @ 38 ppm Ga, covering ~151 km2 (~35% of the Caladão Project area) • This positions Caladão as a district-scale ionic clay REE project and one