Announcement PDF Quarterly Activities Report for the Period Ended 30 June 2025 GOLD HYDROGEN LTD (ASX:GHY) Shares on Issue 180,454,285 million Market Capitalisation A$101m (at A$0.56 per share) Directors Rt Hon Alexander Downer (Chair) Neil McDonald (Managing Director) Roger Cressey (Executive Director) Katherine Barnet (Non-Executive Director) Company Secretary / CFO Karl Schlobohm Contact Details Level 14, 110 Eagle Street Brisbane QLD 4000 Company Contacts: Neil McDonald – Managing Director nmcdonald@goldhydrogen.com.au Karl Schlobohm – Company Secretary kschlobohm@goldhydrogen.com.au For Media Enquiries Contact: Matthew Doman – Crestview Strategy matthew.doman@crestviewstrategy.com +61 421 888 858 Company Information: W: https://goldhydrogen.com.au/ E : info@goldhydrogen.com.au LinkedIn: Gold Hydrogen Ltd X: @GHY_ASX Gold Hydrogen Limited – Quarterly Activities Report HIGHLIGHTS FOR THE JUNE QUARTER  Binding commitments for a total investment of $14.5 million from Toyota Motor Corporation, Mitsubishi Gas Chemical, and ENEOS Xplora into Gold Hydrogen, announced by the Company on 3 July 2025. The investment, which was settled after the end of the quarter, was undertaken via a placement of 20,714,285 fully paid ordinary shares at $0.70 per share, representing a premium of 22% to the Company’s closing price of $0.575 on the ASX on 2 July 2025.  This strategic investment will fund further drilling in the Ramsay fairway, leveraging the results from the Company’s maiden drilling and well testing campaigns at Ramsay-1 and Ramsay-2, and will help to advance future downstream / commercialisation opportunities for the Ramsay Project.  A range of long-term opportunities across the Natural Hydrogen and Helium value chain will be considered by the parties, including future exploration and appraisal targets, future technology and supply opportunities, downstream projects and commercialisation opportunities, including the potential for green methanol production.  The 2025 drilling program is being designed to further delineate and appraise the Ramsay Project’s Natural Hydrogen and Helium accumulations, through appraisal well drilling and associated well testing activities.  Work continues towards the grant of the group’s further acreage, including the continued advancement of Native Title matters, and preliminary consideration of a range of publicly available and historical information to provide an initial indication of areas of primary interest to advance once title is granted. CORPORATE ACTIVITIES ` Strategic Investment Partners Secured On 3 July 2025 the Company announced that that it had received binding commitments for a total investment of $14.5 million from Toyota Motor Corporation, Mitsubishi Gas Chemical, and ENEOS Xplora into Gold Hydrogen. The investment, which was settled after the end of the quarter, was undertaken via a placement of 20,714,285 fully paid ordinary shares at $0.70 per share, representing a premium of 22% to the Company’s closing price of $0.575 on the ASX on 2 July 2025. The proceeds of this strategic investment will fund further drilling in the Ramsay fairway leveraging the results from the Company’s maiden drilling and well testing campaigns at Ramsay-1 and Ramsay2, and will help to advance future downstream / commercialisation opportunities for the Ramsay Project. The drilling program, which is expected to commence in Q4, 2025, has been designed to further delineate and appraise the Ramsay Project’s Natural Hydrogen and Helium accumulations, through appraisal well drilling and a range of well testing activities. The investment establishes a strategic collaboration focused on evaluating long-term opportunities across the Natural Hydrogen and Helium value chain, including:  Exploration, extraction and ultimately production at Gold Hydrogen’s flagship Ramsay Project in South Australia;  Evaluation of potential Hydrogen supply opportunities for mobility and industrial uses, together with transportation fuel cell and power generation platforms;  Collaboration on a review of existing and emerging technologies regarding the potential for future Natural Hydrogen purification and utilisation, and potential associated R&D projects;  Investigation of potential future commercialisation pathways, including green methanol production. In addition to the upcoming field activities at the Ramsay Project, the parties will consider the potential for further investment opportunities, technical collaboration, downstream opportunities and offtake arrangements. A working group will be formed to advance feasibility studies, as well as the opportunities associated with technical collaboration arrangements, downstream project and / or investment opportunities and potential future offtake arrangements. EXPLORATION AND TECHNICAL ACTIVITIES General Background Gold Hydrogen is focused on the discovery and development of Natural Hydrogen and Helium gases in a potentially extensive and world class Natural Hydrogen and Helium province in South Australia. The forecast domestic and global demand for Hydrogen, combined with new Natural Hydrogen exploration techniques and experienced personnel, provides Gold Hydrogen with an extraordinary opportunity to define and ultimately develop a new Natural Hydrogen gas province. Further to this, Helium is extremely rare and expensive, there is limited world-wide production, and no production of Helium in Australia at present. Gold Hydrogen is well placed to potentially prosper from this opportunity. Gold Hydrogen Limited – Quarterly Activities Report p. 2 ` Figure 1 – Gold Hydrogen PEL 687 and PELA’s located in South Australia The combined permit area of the Gold Hydrogen group exceeds 75,000km2. Gold Hydrogen holds one granted exploration license (the Ramsay Project - PEL 687) and one application area, whilst its two 100% owned subsidiary companies (White Hydrogen Australia and Byrock Resources) hold an additional seven (7) applications for Natural Hydrogen and Helium exploration within South Australia. Gold Hydrogen is also the preferred applicant for four (4) gas storage exploration licenses applications (GSELA) covering an area approximating 8,000km2 within the Yorke Peninsula portion of PEL 687 in South Australia. These storage licence applications are in addition to the granted exploration licence and application licences. A summary of the status of the group’s petroleum and storage licence tenure at the end of the Quarter is outlined in Appendix A. Gold Hydrogen Limited – Quarterly Activities Report p. 3 ` Ramsay Project - Work Program Update Gold Hydrogen continues the planning, approvals, contracting and procurement phase of its activities, ahead of its second drilling campaign to further advance the Ramsay Project, scheduled to commence in October 2025. This second drilling program is being designed to further delineate and appraise the Ramsay Project’s Natural Hydrogen and Helium accumulations, through appraisal well drilling and testing activities. The Company is planning to drill multiple wells to appraise specific target zones within identified structures, chosen with reference to the results of the maiden drilling and testing campaign, as well as the interpretations leading from the 2D seismic survey conducted in the second half of 2024. The well design will be modified from the exploration well design used for the Ramsay 1 and 2 wells, which were designed specifically to verify the presence of Natural Hydrogen at the historic 1931 Ramsay Oil Bore location. In the Company’s 2023 drilling campaign, not only was the presence of Natural Hydrogen confirmed (at air-corrected purity levels up to 95.8% 1), the presence of Helium was also confirmed (at air-corrected purity levels up to 36.9% 2), as well as elevated levels of Helium-3 3, significantly adding to the potential commercialisation options for the Ramsay Project. The well design for the 2025 drilling program is to enable greater flexibility for well testing, primarily including larger diameter well bores and well casings. The data from the drilling and testing of these wells will inform the future pilot project area and design, with the aim of demonstrating the commercial production potential of both Natural Hydrogen and Helium from the Ramsay Project. The Ramsay 2D regional seismic survey and subsequent and ongoing data interpretation has provided significant new information identifying a number of potential locations, including locations up-dip from Ramsay 1 and Ramsay 2, that are attractive for appraisal well drilling. These locations are currently being prioritised as part of the 2025 work program. Further, the 2D seismic survey has revealed several regional Natural Hydrogen and Helium prospects within PEL 687, some of which will be tested with future dedicated exploration wells. Selection and timing of these regional exploration wells may be undertaken in conjunction with planned further appraisal / delineation drilling activities, in order to take advantage of the presence of the drilling rig and experienced crew. The target timing for this drill program is mid to late 2026. Additionally, initial planning has commenced for a potential future 3D seismic survey over the Ramsay Project area. The objective of this survey will be to gather additional detailed data on the stratigraphic and structural subsurface complexities, in order to facilitate detailed resource assessment and to optimise drilling locations for future appraisal and future development wells. Further planning and scheduling will take place after the analysis of the results from the 2025 drilling and subsequent well testing campaigns. Regional Activity Update As outlined in the previous quarter, the Company continues to progress a number of its application areas towards granted status via the ongoing advancement of Native Title related matters. In addition, the Company continues with its desktop analysis of the publicly available South Australian Resource Information Gateway (SARIG) datasets, as well as a range of historical information to compile a preliminary subsurface data suite. Refer ASX release of 27 May 2024 for full details. Technical table also appended. Refer ASX release of 17 October 2024 for full details. Technical table also appended. 3 Refer ASX release of 30 October 2024 for full details. Technical table also appended. 1 2 Gold Hydrogen Limited – Quarterly Activities Report p. 4 ` The main focus is on transposing the learnings to date from the Ramsay Project to identify Natural Hydrogen exploration focus areas within its regional application portfolio in South Australia. Initial technical areas where learnings of the Ramsay discovery are being applied include:  Analysis of the regional tectonic and geological settings;  Petrophysical, stratigraphic and basement studies;  Impact of fracture zones and structural boundaries;  Seal and trap potential within different geological domains;  Analysis of the potential for radiolytic and / or iron-bearing alteration sources in the basement suites;  Preliminary interpretation of the GA seismic line data (refer below). During the quarter, Gold Hydrogen geologists visited the South Australian Drill Core Library to review and sample historical, third-party drill cores from within the Byrock Resources PELA 688 application area (refer Figure 1) for testing and analysis. The aim of the testing regime will be to detect any Hydrogen and Helium in paleo-fluid inclusions, similar to the previous campaign undertaken by the Company for PEL 687 in 2023. The findings will help identify promising areas within application area for gas generation and migration to guide further geological studies and future on-ground exploration efforts. The results for the PELA 688 application area are expected in the next quarter. The Company also plans to expand the testing regime into a number of the remaining (White Hydrogen Australia) application areas, selectively commencing in the next quarter. Formal on-ground work programs will commence on each application area as they are granted. Geoscience Australia released the data associated with a regional seismic line acquired in 2022 along public roads which transverses part of the Gold Hydrogen group’s application footprint (specifically PELA’s 792, 703 and 702), as outlined in Figure 2 and Figure 3 on the next pages. Gold Hydrogen Limited – Quarterly Activities Report p. 5 ` Figure 2 – Location of the Geoscience Australia Seismic Data Line Across the Group’s Application Areas Gold Hydrogen Limited – Quarterly Activities Report p. 6 ` Figure 3 – Cross Section of the Geoscience Australia Seismic Line Traversing Part of the Group’s Application Areas Gold Hydrogen Limited – Quarterly Activities Report p. 7 ` Groundbreaking Exploration Testing for Both Natural Hydrogen and Helium The Ramsay Project well testing program was the first dedicated Natural Hydrogen and Helium well test operation conducted in Australia, and to the Company’s knowledge, it is likely one of only a few in the world. The Company considers this to represent the initial steps of an exciting journey, which is not dissimilar to that undertaken by various world-renowned and ultimately successful oil and gas projects, such as the early days in the CSG and shale industries. For those particular resources, the exploration and completion techniques were developed and optimised over time, improving project economics and ultimately leading to major projects being developed. The Company anticipates a similar path forward for its Natural Hydrogen and Helium prospective resources, although the timeframe may be quicker as drilling and completions technologies developed for other gas resources may be applicable to its Natural Hydrogen and Helium projects. First Key Step on the Journey to Future Potential Development The Company is of the view that the Ramsay Project contains significant prospective resources of both Natural Hydrogen and Helium, with large scale potential that it is aiming to be potentially developed over time. There is very little data available for dedicated Natural Hydrogen wells anywhere in the world due to the lack of analogue wells. To the Company’s knowledge, the only Natural Hydrogen field currently in production is located in Mali, West Africa, where Natural Hydrogen production is used to power the small town of Bourakébougou. It has been reported that the Natural Hydrogen wells in Mali do not have any decline in production and are continually regenerating and producing at the same rate. 4 Helium is extremely valuable and indicatively, longer-term bulk pricing is expected to approximate USD450 per Mcf (thousand cubic feet). 5 Important Risk Commentary It is important to note that there remain both geological and potential development risks associated with the Ramsay Project and the Company’s commercial and business objectives. These risks relate to the presence, recovery, and potential volumes of Natural Hydrogen and Helium, but also due to the location of the current and potential project sites within agricultural areas and proximal to National Parks on both the Yorke Peninsula and Kangaroo Island, requiring significant landholder and community engagement. The worldwide, Federal and South Australian Government and industry efforts to secure Hydrogen as an alternative energy source provides confidence that any technical and social concerns may be overcome. “Natural Hydrogen: a new source of carbon free and renewable energy that can compete with hydrocarbons”, First Break Volume 40, October 2022 (available via www.goldhydrogen.com.au/technicalarticles/) 5 February 2024, www.nobleHelium.com.au, quoting Konbluth Helium Consulting. 4 Gold Hydrogen Limited – Quarterly Activities Report p. 8 ` FINANCIAL REPORTING Exploration expenditures that were outlaid during the quarter primarily relate to the Company’s flagship Ramsay Project (PEL 687) over the Yorke Peninsula / Kangaroo Island. Exploration Expenditures – Item 1.2(a) of Quarterly Cashflow Report Nature of Expenditure Airborne and seismic surveys and sub-surface studies Environmental and permitting costs Native Title, land access and licence fees Drilling and related activities Total Amount $361,052 $68,849 $113,121 $294,883 $837,905 Payments to Directors – Item 6.1 of Quarterly Cashflow Report Payments consisted of fees paid for Executive Director and Non-Executive Director services, pursuant to written agreements and employment contracts, totalling approximately $210,079 for the June 2025 Quarter (although some payments made during the Quarter may relate to prior periods). InvestorHub Portal to Boost Investor Engagement Earlier in 2025 Gold Hydrogen Ltd (ASX: GHY) launched a new InvestorHub for dedicated investor engagement. It enables shareholders, stakeholders, and prospective investors to learn more about the Company's exploration activities in what is shaping as its most important year to date. As Gold Hydrogen continues on its journey to demonstrate that it can ultimately commercialise the high purity levels of Hydrogen and Helium confirmed in its South Australian tenement, it will open the opportunity for investors to communicate with the Company’s leadership team more directly. The Company will regularly upload new content to the hub, including videos accompanying select announcements, education material, interviews and corporate research. Gold Hydrogen invites shareholders and interested parties to join InvestorHub as follows: 1. Click on the following link to create an account: https://investorhub.goldhydrogen.com.au/auth/signup 2. Follow the prompts to complete the sign-up process. Gold Hydrogen encourages investors to post questions/feedback through the Q&A function accompanying each piece of content to engage with the leadership team and gain a better understanding of the Company’s exploration activities and announcements. Gold Hydrogen Limited – Quarterly Activities Report p. 9 ` This report has been authorised for release by the Board. For Company Enquiries Contact: Neil McDonald – Managing Director nmcdonald@goldhydrogen.com.au +61 7 3521 8038 Website: LinkedIn: Twitter: Contact: Karl Schlobohm – Company Secretary / CFO kschlobohm@goldhydrogen.com.au +61 7 3521 8038 www.goldhydrogen.com.au Gold Hydrogen Ltd @GHY_ASX info@goldhydrogen.com.au Forward Looking Statement / Future Performance This announcement may contain certain forward-looking statements and opinion Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside the control of the Company and which are subject to change without notice and could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such statements. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Nothing contained in this announcement, nor any information made available to you is, or and shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Gold Hydrogen Limited. Gold Hydrogen Limited – Quarterly Activities Report p. 10 ` Appendix A Overview of the Gold Hydrogen Group’s PEL, PELAs, GSELAs and EL Gold Hydrogen Applicant Interest Geologic Area & Basin Size (km2) Term Grant Date Application Date Expiry Date Status Act Gold Hydrogen Limited Stansbury Basin & Kanmantoo Trough 7,820 5 years 22/7/21 - 21/07/26 Granted PGEA 2000 Sustainable Stansbury Basin Minerals & Kanmantoo Group Pty Ltd Trough 542 6 years 10/4/24 - 9/4/30 Granted MA 1971 Stansbury Basin & Kanmantoo Trough 9,962 5 years - 12/5/21 - Pending PGEA 2000 100% White Hydrogen Australia Pty Ltd Padthaway RidgeKanmantoo Platform & Otway Basin 9,624 5 years - 19/7/21 - Pending PGEA 2000 100% White Hydrogen Australia Pty Ltd Padthaway RidgeKanmantoo Platform & Troubridge Basin 9,748 5 years - 19/7/21 - Pending PGEA 2000 9,750 5 years - 19/7/21 - Pending PGEA 2000 Permit Project Name PEL 687 Ramsay 100% EL 6988 Warooka 100% PEL(A) 688 Kanmantoo 100% Byrock Resources Pty Ltd PEL(A) 699 PEL(A) 700 Robe Padthaway PEL(A) 701 Troubridge 100% White Kanmantoo Hydrogen Platform & Australia Pty Troubridge Basin Ltd PEL(A) 702 Renmark 100% White Kanmantoo Hydrogen Platform & Australia Pty Renmark Trough Ltd 9,563 5 years - 19/7/21 - Pending PGEA 2000 100% White Kanmantoo Hydrogen Platform & Australia Pty Renmark Trough Ltd 9,833 5 years - 3/8/22 - Pending PGEA 2000 9,850 5 years - 19/7/21 - Pending PGEA 2000 PEL(A) 703 Boucat PEL(A) 704 Baratta 100% White Kanmantoo Hydrogen Platform & Australia Pty Renmark Trough Ltd GSEL(A) 755 Maitland 100% White Hydrogen Stansbury Basin Australia Pty Ltd 2,470 5 years - 28/4/22 - Pending PGEA 2000 GSEL(A) 756 Yorketown 100% White Hydrogen Stansbury Basin Australia Pty Ltd 2,272 5 years - 28/4/22 - Pending PGEA 2000 GSEL(A) 757 100% White Hydrogen Australia Pty Ltd Kanmantoo Trough 1,780 5 years - 28/4/22 - Pending PGEA 2000 GSEL(A) 758 Penneshaw 100% White Hydrogen Australia Pty Ltd Kanmantoo Trough 1,585 5 years - 28/4/22 - Pending PGEA 2000 PEL(A)792 100% Gold Hydrogen Limited Torrens Hinge Zone& Gawler Province 1,960 5 years - 5/11/24 - Pending PGEA 2000 Flinders Pirie Areas stated for applications are based on the Company’s submissions. These are subject to change by the Department without notification for boundary re-alignments, exclude areas and competing applications (if applicable). There were no changes for the current Quarter. Gold Hydrogen Limited – Quarterly Activities Report p. 11 ` Table 1: Summary Results of Ramsay 2 Stage 1 Testing (as released 27 May 2024) Name: Location (UTM zone 53 GDA2020) X Ramsay 2 747,761.61 Y 6149371.41 Permit PEL687 Entity holders Gold Hydrogen 100% Zones tested MDT zone, Zone 2 and 3 Zone 4 to 8 Resources Helium Hydrogen Formation Kulpara Dolomite Kulpara/Parara Limestone Gross thickness and net pay thickness 180m Gross 406m Gross Geological rock type Dolomite Limestone Depth of the zones tested 612m, 642m, 712m, 754m, and 777.5mMD 197m, 289m, 346.5m, 385m, and 531mMD Type of test Commingled test on zone 2 and 3 for few hours followed by overnight build up Pressure test on single zone for few hours followed by overnight build up Gas/Water Gas/Water Corrected H2 and He concentration in gas recovered from downhole sample Up to 17.5% He Up to 95.8% H2 Flow rates, choke size, volumes recovered TBA in next extended flow test in Q2/Q3 2024 Phase recovered Fracture stimulation Material non hydrocarbons Gold Hydrogen Limited – Quarterly Activities Report None None Nitrogen, Hydrogen Nitrogen, Helium p. 12 ` Table 2: Sample Analysis Table – Ramsay 1 Well – Stage 2 - Helium (as released 17 October 2024) Name: Location (UTM zone 53 GDA2020) X Ramsay 1 748,208.07 Y 6149545.7 Permit PEL687 Entity holders Gold Hydrogen 100% Zones tested Zone 2 and 3 Resources Helium Formation Kulpara Dolomite Gross thickness and net pay thickness 180m Gross Geological rock type Dolomite Depth of the zones tested 900 mMD Type of test Commingled pressure test Phase recovered Water Corrected H2 and He concentration in gas recovered from downhole sample 36.9% He Flow rates, choke size, volumes recovered Fracture stimulation Material non hydrocarbons Gold Hydrogen Limited – Quarterly Activities Report 1 Mscf/day gas constraint by pump capacity and flow intermittently with water; choke size 20/64 inch; volumes recovered 0.55 Mscf None Nitrogen, Hydrogen p. 13 ` Table 3: Summary of Helium-4 (4He) and Helium-3 (3He) Results (Oxford University) in Ramsay 2 (as released 30 October 2024) Permit Ramsay 2 UTM zone 53 GDA2020 747,707.85 6149385.46 PEL687 Entity holders Gold Hydrogen 100% Name: Location X Y Zones tested Resources Formation Gross thickness and net pay thickness Geological rock type Depth of the zones tested Zone 1_sample 11 HydrogenHelium Zone 23_sample 19 Zone 4_sample 32 Zone 5_sample 46 Zone 6_sample 62 Zone 7_sample 79 Helium Hydrogen Hydrogen Hydrogen Hydrogen Basement Kulpara Fm Kulpara Fm Parara Limestone Parara Limestone Parara Limestone >200m Gross 180m Gross 155m Gross 406m Gross 406m Gross 406m Gross Basement Dolomite Limestone Limestone Limestone Limestone 1002 mMD 712mMD 530 mMD 384 mMD 343 mMD 289 mMD Type of test Phase recovered [4He], ccSTP/ccSTP 3 He/4He R/Ra 3 He ppt Flow rates, choke size, volumes recovered Fracture stimulation Material nonhydrocarbons Noble gas abundance and isotopic quantification Gas Gas Gas Gas Gas Gas 1.44E-07 3.23E-07 0.23 0.05 6.52E-04 9.26E-09 0.0066 6.04 4.21E-08 1.72E-06 1.2306 0.07 5.54E-07 6.84E-08 0.0489 0.04 3.05E-08 1.55E-06 1.11 0.05 1.59E-07 7.57E-07 0.5408 0.12 TBA Yes None Yes None None Yes N2, H2, He, CO2 N2, H2, He, CO2 N2, H2, He, CO2 N2, H2, He, CO2 N2, H2, CO, CO2 N2, H2, He, CO2 Gold Hydrogen Limited – Quarterly Activities Report p. 14 Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Gold Hydrogen Limited ABN Quarter ended (“current quarter”) 74 647 468 899 30 June 2025 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 (12 months) $A’000 - - (838) (7,449) (b) development - - (c) production - - (d) staff costs * (268) (1,148) (e) administration and corporate costs (262) (1,318) - - 116 505 (a) exploration & evaluation * 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other (provide details if material) – net GST (125) (279) 1.8 Govt R&D Tax Incentive (re: FY2024) - 6,453 1.9 Net cash from / (used in) operating activities (1,377) (3,236) (a) entities - - (b) tenements - - (c) property, plant and equipment - (3) (d) exploration & evaluation - - (e) investments - - (f) - - * Some staff costs may ultimately be capitalised into E&E expenditure 2. Cash flows from investing activities 2.1 Payments to acquire or for: 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 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 (12 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 (provide details if material) - - 2.6 Net cash from / (used in) investing activities - (3) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) - - 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 - - 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 - - 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 13,738 15,600 4.2 Net cash from / (used in) operating activities (item 1.9 above) (1,377) (3,236) 4.3 Net cash from / (used in) investing activities (item 2.6 above) - (3) 4.4 Net cash from / (used in) financing activities (item 3.10 above) - - ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period 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 5.1 Bank balances 5.2 Current quarter $A’000 Year to date (12 months) $A’000 - - 12,361 12,361 Current quarter $A’000 Previous quarter $A’000 11,485 2,862 Call deposits - - 5.3 Bank overdrafts - - 5.4 Other (provide details) - term deposit(s) - 10,000 5.4 Other (provide details) - SA DEM security 845 845 5.4 Other (provide details) - bank guarantee 31 31 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 12,361 13,738 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 1 210 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