Strong quarter of execution drives underground ramp-up and a fortified balance sheet.

Key highlights include:

• A$420 million cash balance, with 20,912 dmt of saleable concentrate on hand
• 105% increase in underground ore mined with underground operations achieving a 1Mtpa run-rate on schedule in September
• 14 stopes mined during the Quarter, averaging 15kt per stope, bringing the total to 18 underground stopes mined to date
• Final major ore zone reached at Kathleen’s Corner open pit in September, with completion on schedule for December 2025
• Paste fill has commenced following commissioning of Australia’s largest paste plant; ventilation system commissioned and sized for the life of the Mt Mann operation
• 92% plant availability achieved amid planned shutdowns
• Lithia recoveries in line with expectations and reflective of mill OSP feed strategy
• 87,172 dmt of spodumene concentrate produced at an average grade of 5.0% Li₂O
• 77,474 dmt sold across four parcels in the quarter