Announcement PDF ASX ANNOUNCEMENT 30 OCTOBER 2026 REPORT ON ACTIVITIES FOR THE QUARTER ENDED 30 SEPTEMBER 2026 FAR EAST GOLDLTD ACN 639 887 219 WWW.FAREAST.GOLD ASX ANNOUNCEMENT - SEPTEMBER2026 QUARTERLY EXPLORATION UPDATE FAR EAST GOLD ASX ANNOUNCEMENT 2 Far East Gold Ltd (‘FEG’ or ‘the Company’) reports on its activities for the quarter ended 30 September 2026. The Xingye takeover bid closed on 29 July 2026 with Xingye holding 34.57% and no control; the contest has since moved to the boardroom, with two general meetings set for October–November 2026. The quarter’s key operational milestone was completion of the Idenburg Scoping Study; field activity was limited while the Company prioritised the takeover defence and conserved cash. CORPORATE HIGHLIGHTS: • Xingye takeover defeated – Xingye Gold (Hong Kong) Mining Company Limited’s unsolicited off-market bid closed at 7:00pm (Sydney) on 29 July 2026 without Xingye reaching majority control. Xingye’s voting power at close was 34.57%, well short of the >50% needed to trigger its A$0.15 conditional price (Refer to ASX Announcements 29 July 2026 and 5 August 2026)8,10. • Independent Board Committee recommendation held throughout – The IBC unanimously recommended shareholders REJECT the offer, supported by the Independent Expert (LEA) finding it neither fair nor reasonable, valuing FEG at A$0.324–A$0.444 per share (mid-point A$0.385) (Refer to ASX Announcements 14, 21, 27 and 29 July 2026)10,11,13,16. • Board-control contest commenced – On 2 September Xingye served a s203D notice seeking removal of directors Justin Werner, Shane Menere, Paul Walker and Christopher Atkinson. o On 3 September shareholders holding ~5.5% served s203D and s249D notices seeking removal of directors Monique Tang, Justin Hastings and Michael Thirnbeck. General meetings are scheduled for 21 October (Company-convened, s249D) and 3 November 2026 (Xingye- convened, s249F) (Refer to ASX Announcements 2, 3, 9 and 21 September 2026)3,4,5,6. • s249D meeting – All Resolutions passed (after quarter end) – At the Company-convened Extraordinary General Meeting on 21 October 2026, shareholders voted on a poll to remove Monique Tang (55.47% for), Justin Hastings (57.77% for) and Michael Thirnbeck (57.77% for) as Directors. The Board now comprises Justin Werner (Non-Executive Chairman), Shane Menere, Paul Walker and Christopher Atkinson (Refer to ASX Announcement 21 October 2026)2. STRATEGIC TRANSACTION HIGHLIGHTS: • Third-party Value Validation – FEG received a Non-Binding Indicative Proposal of US$40M (~A$57M) for a project-level transaction over the Trenggalek Copper-Gold Project, and a US$45M (~A$64.6M) proposal under a mandate/letter for the Wonogiri Copper-Gold Project – together ~A$121.6M (non- binding, conditional) (Refer to ASX Announcements 21 and 29 July 2026)10,13. • Alliance MoU to pursue Gold Production and Portfolio Funding (after quarter end) – On 22 October 2026 FEG signed a Memorandum of Understanding (MoU) with PT Puncakbaru Jayatama (PTPJ) to pursue the potential acquisition, development and operation of the Bengkulu Gold Project, together with funding opportunities across FEG’s existing portfolio (Refer to ASX Announcement 23 October 2026)1. OPERATIONAL HIGHLIGHTS: • Idenburg Scoping Study completed (24 August) – Mining One’s independent Scoping Study centres on a staged, Sua-led conceptual development, adopting 92% gold recovery (metallurgical testwork ~95%) via gravity-CIL, and recommends 6,085m of resource-definition drilling across Sua, Bermol and North Bermol (refer to ASX Announcement 24 August 2026)7. • Idenburg High-Grade core – Within the 780,000oz @ 3.1 g/t Au Inferred MRE, a high-grade core of 390,000oz @ 9.2 g/t Au (unconstrained grade-tonnage presentation, not a production target) (refer to ASX Announcement 24 August 2026)7. • Pathway to 80% of Idenburg – FEG holds 51% of PT Iriana Mutiara Idenburg; delivery of an Indonesian Feasibility Study targeted by 1H 2027 lifts its interest to 80%. (Refer to ASX Announcements 22 June 2026 and 24 August 2026)7,18. • Woyla Maiden JORC Mineral Resource Estimate commenced – Work on Woyla’s initial JORC (2012) Mineral Resource Estimate started during the quarter, led by independent resource geologist Mr Pratama Abimanyu with Competent Person review by Mr Michael Corey. The estimate is well progressed and is expected to add gold and silver ounces for FEG; results will be reported to ASX once finalised. ASX ANNOUNCEMENT - SEPTEMBER2026 QUARTERLY EXPLORATION UPDATE FAR EAST GOLD ASX ANNOUNCEMENT 3 CORPORATE ACTIVITIES TAKEOVER OFFER — XINGYE Xingye, a wholly owned subsidiary of Inner Mongolia Xingye Silver & Tin Mining Co., Ltd (SZSE: 000426), announced its A$0.13 cash bid on 27 May 2026, holding 19.99% of FEG at the time. The offer opened on 11 June 2026. During the quarter: • 9 July – Xingye’s Second Supplementary Bidder’s Statement offered to lift the price to A$0.15 if it obtained >50% by 21 July and extended the offer to 29 July. Its relevant interest was then 33.79%, including 16.19% accepted by Eloquent Enterprises Limited, the Idenburg and Woyla vendor (Refer to ASX Announcement 9 July 2026)17. • 14 July – FEG’s First Supplementary Target’s Statement reaffirmed the IBC’s REJECT recommendation (Refer to ASX Announcement 14 July 2026)16. • 17 and 21 July – Xingye’s Third and Fourth Supplementary Bidder’s Statements; on 21 July Xingye freed the offer of all defeating conditions, declaring it unconditional at 33.90% voting power. The A$0.15 price remained conditional on >50% by 29 July (Refer to ASX Announcements 17 and 21 July 2026)14,15. • 21–22 July – FEG’s Second Supplementary Target’s Statement: LEA reconfirmed the unconditional offer was neither fair nor reasonable; FEG disclosed the US$40M non-binding Trenggalek proposal (Refer to ASX Announcement 21 July 2026)13. • 24 July – Xingye’s Fifth Supplementary Bidder’s Statement stated it would vote against any Trenggalek sale requiring shareholder approval (Refer to ASX Announcement 24 July 2026)12. • 27 July – FEG’s Third Supplementary Target’s Statement rebutted Xingye’s claims on Trenggalek, the Wonogiri and Woyla projects, and FEG’s solvency, and noted continuing third-party due diligence under confidentiality agreements (Refer to ASX Announcement 27 July 2026)11. • 29 July – FEG’s Fourth Supplementary Target’s Statement disclosed the US$45M Wonogiri proposal. The offer closed at 7:00pm (Sydney) (Refer to ASX Announcement 29 July 2026)10. • Early August – FEG reported the close: Xingye voting power 34.57% (144,155,605 shares, including 70,786,817 acquired under the offer). Acceptances outside the Eloquent parcel were minimal (~0.13% of shares from other holders as at 27 July) (Refer to ASX Announcement 5 August 2026)8. The IBC’s view throughout was that the A$0.13 price, and even the A$0.15 conditional price (~39% of LEA’s mid- point of A$0.385), materially undervalued FEG and carried no appropriate control premium. RESULTS OF THE S249D EXTRAORDINARY GENERAL MEETING (AFTER QUARTER END) Shareholders removed all three directors targeted by the s249D requisition at the Extraordinary General Meeting held at 1:00pm (AEST) on Wednesday 21 October 2026 in Brisbane and online. The meeting was convened by the Board under section 249D of the Corporations Act at the request of shareholders holding approximately 5.5% of votes. Each Resolution was decided on a poll (refer to ASX Announcement 21 October 2026)2. Table 1: Results of the s249D Extraordinary General Meeting held 21 October 2026. RESOLUTION VOTES FOR VOTES AGAINST RESULT 1 — Remove Ms Monique Tang 180,711,106 (55.47%) 145,075,776 (44.53%) Carried 2 — Remove Prof. Justin Hastings 198,452,788 (57.77%) 145,084,094 (42.23%) Carried 3 — Remove Mr Michael Thirnbeck 198,468,606 (57.77%) 145,068,276 (42.23%) Carried Percentages are of votes cast for and against. A further 17,750,000 votes abstained on Resolution 1. The results were disclosed under ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act. Ms. Tang, Prof. Hastings and Mr. Thirnbeck ceased to be directors with immediate effect. The Board now comprises four directors: Justin Werner (Non-Executive Chairman), Shane Menere, Paul Walker and Christopher Atkinson. The separate Xingye-convened s249F meeting to remove those four directors remains scheduled for 11:00am (AEST) Tuesday 3 November 2026. ASX ANNOUNCEMENT - SEPTEMBER2026 QUARTERLY EXPLORATION UPDATE FAR EAST GOLD ASX ANNOUNCEMENT 4 BOARD-CONTROL CONTEST • 2 September – Xingye served a s203D notice to remove Justin Werner, Shane Menere, Paul Walker and Christopher Atkinson, and any director appointed after 2 September other than a Xingye nominee under the 4 September 2024 Placement Agreement (Refer to ASX Announcement 2 September 2026)6. • 3 September – Two shareholders holding ~5.5% served a s203D notice to remove Monique Tang, Justin Hastings and Michael Thirnbeck, together with a s249D requisition requiring the directors to convene a general meeting (Refer to ASX Announcement 3 September 2026)5. • 9 September – FEG released Xingye’s s249F Notice of Extraordinary General Meeting for 11:00am (AEST) 3 November 2026. Xingye’s notice argues it will commit capital and expertise only under a reconstituted board, citing capital needs of at least US$100M (Idenburg), US$60M (Woyla) and US$30M (Trenggalek), and cash of ~A$1.9M at 30 June 2026 (Refer to ASX Announcement 9 September 2026)4. • 21 September – FEG released its Notice of Meeting for the s249D EGM, now set for 1:00pm (AEST) Wednesday 21 October 2026 at Level 18, 324 Queen Street, Brisbane and online. The majority Board recommends shareholders vote FOR the 21 October resolutions and AGAINST the 3 November resolutions (Refer to ASX Announcement 21 September 2026)3. • 8–9 September – The Board presented its strategy to shareholders: advance Idenburg, realise value from non-core assets (Woyla, Wonogiri, Trenggalek, Australian projects) via sales, JVs or partnerships, and recycle proceeds into Idenburg (Refer to ASX Announcement 9 September 2026)4. • 21 October 2026 (after quarter end) – The s249D Extraordinary General Meeting was held and all three Resolutions passed on a poll; Ms. Tang, Prof. Hastings and Mr. Thirnbeck ceased to be directors (see Results of the s249D Extraordinary General Meeting above) (Refer to ASX Announcement 21 October 2026)2. • Xingye has threatened proceedings against the Company and its directors concerning alleged breaches of the Placement Agreement, shareholder oppression and the removal of its nominee director by shareholders at the recent EGM. The Company disputes the allegations. STRATEGIC TRANSACTIONS AND PORTFOLIO STRATEGY During the September 2026 quarter, FEG received two non-binding indicative proposals relating to its Trenggalek and Wonogiri projects, with a combined indicative value of approximately A$121.6 million. These proposals have subsequently expired and are referenced as historical indications of third-party interest in the Company's assets. Table 2: Non-binding indicative proposals received during the September 2026 Quarter. PROJECT PROPOSAL INDICATIVE VALUE STATUS AT 30 SEP 2026 Trenggalek Copper- Gold (East Java) Non-binding, incomplete, conditional indicative proposal for a project-level transaction US$40M (~A$57M) Due diligence and negotiation; any sale may require FEG shareholder approval Wonogiri Copper- Gold (Central Java) Proposal under a MAL US$45M (~A$64.6M) Due diligence; IUP restoration process with MODI The Board’s stated strategy is to concentrate capital on Idenburg and realise value from Woyla, Wonogiri, Trenggalek and the Queensland projects through sales, JVs or partnerships, recycling proceeds into the Idenburg Feasibility Study and pathway to 80%. INDONESIAN PROJECT ACTIVITIES IDENBURG GOLD PROJECT - PAPUA, INDONESIA (FEG 51%) • Scoping Study completed (ASX, 24 August 2026) – PT Mining One Indonesia completed an independent Scoping Study centred on a staged conceptual open-pit development led by the high-grade Sua prospect (Refer to ASX Announcement 24 August 2026)7. ASX ANNOUNCEMENT - SEPTEMBER2026 QUARTERLY EXPLORATION UPDATE FAR EAST GOLD ASX ANNOUNCEMENT 5 • Processing – Conventional gravity plus carbon-in-leach to produce gold doré; 92% recovery adopted against ~95% achieved in metallurgical testwork (Refer to ASX Announcement 24 August 2026)7. • Resource basis – The Study rests wholly on the 780,000oz @ 3.1 g/t Au Inferred MRE (7.8Mt). The 390,000oz @ 9.2 g/t Au high-grade core is an unconstrained grade-tonnage presentation, not an Ore Reserve, mineable inventory or production target. Under LR 5.16/5.17 no production target or financial forecast has been published pending conversion to Indicated (Refer to ASX Announcement 24 August 2026)7. • Next steps – The Study recommends 6,085m of resource-definition drilling across Sua, Bermol and North Bermol to convert Inferred to Indicated, underpinning the Indonesian Feasibility Study (targeted 1H 2027) (Refer to ASX Announcement 24 August 2026)7. • Ownership – Stage One of the CSPA completed in June 2026 (51%). Delivery of an Indonesian Feasibility Study to the vendors by 31 December 2027 lifts FEG to 80% (Refer to ASX Announcements 22 June 2026 and 24 August 2026)7,18. WOYLA PROJECT – ACEH PROVINCE, INDONESIA (FEG 51%) Work commenced during the quarter on the Maiden JORC (2012) Mineral Resource Estimate for Woyla, using drilling completed by FEG between September 2022 and July 2024. Geological modelling and resource estimation are being undertaken by Mr Pratama Abimanyu, Senior Resource Geologist and independent consultant to FEG; metallurgical test work is being peer reviewed by Dr Mark Steemson (MAusIMM); and Mr Michael Corey, FEG’s Competent Person, is reviewing the supporting data and methodology. The estimate is well progressed and is expected to add Gold and Silver ounces to FEG’s Resource base. No Mineral Resource has yet been reported; results will be released to ASX once finalised. No field exploration was undertaken during the quarter (Refer to ASX Announcement 7 April 2026)19. TRENGGALEK COPPER-GOLD PROJECT – EAST JAVA AND WONOGIRI COPPER-GOLD PROJECT – CENTRAL JAVA, INDONESIA Work focused on transaction due diligence and Wonogiri tenure restoration (see Strategic Transactions and Portfolio Strategy) (Refer to ASX Announcements 21 and 29 July 2026)10,13. AUSTRALIAN PROJECT ACTIVITIES MOUNT CLARK WEST PROJECT – QUEENSLAND (EPM 26008) Results from the first targeted drilling program at Mount Clark West, released on 30 July 2026, identified copper mineralisation, molybdenum and geological features consistent with the upper and peripheral parts of a porphyry system. Copper and molybdenum are the project’s primary targeted commodities, with exploration directed at porphyry Cu–Mo systems. Further exploration is required to establish a Mineral Resource (Refer to ASX announcement dated 30 July 2026)9. BLUE HILL CREEK / HILL 212 PROJECTS – QUEENSLAND No exploration activities were carried out at Blue Hill Creek during the quarter. EVENTS AFTER QUARTER END • 21 October 2026 – Company-convened s249D EGM held; all three resolutions to remove Tang, Hastings and Thirnbeck passed on a poll (Refer to ASX Announcement 21 October 2026)2. • 23 October 2026 – Alliance MoU signed with PT Puncakbaru Jayatama (PTPJ) covering the Bengkulu Gold Project and funding opportunities across FEG’s portfolio (Refer to ASX Announcement 23 October 2026)1. • 3 November 2026 – Xingye-convened s249F EGM (Removal of Werner, Menere, Walker, Atkinson); proxies close 11:00am (AEST) 1 November. ASX ANNOUNCEMENT - SEPTEMBER2026 QUARTERLY EXPLORATION UPDATE FAR EAST GOLD ASX ANNOUNCEMENT 6 TENEMENT SUMMARY Table 3: Below: List of FEG Projects and status at the end of September 2026 Quarter. The Company did not acquire or dispose of any mining tenements nor otherwise change its beneficial interest in the Company’s Indonesian and Australian projects during the Quarter under review. PROJECT LOCATION MININGLICENCE TYPE TENEMENT AREA MINERALOGY TYPE CURRENTPERCENTAGE BENEFICIAL OWNERSHIP Woyla Copper Gold Project Aceh, Indonesia 6thGeneration Contractof Work 24,260 ha Porphyry and Epithermal 51% Trenggalek Copper Gold Project EastJava, Indonesia IUP–Operation and Production 12,813 ha Porphyry and Epithermal 100% Wonogiri Copper Gold Project CentralJava, Indonesia IUP – Exploration 3,928 ha Porphyry and Epithermal 100% Idenburg Gold Project Papua& Papua Pegunungan, Indonesia 6thGeneration ContractofWork 95,280 ha Orogenic Gold 51% Ability toincrease to80% upon completion and delivery of anIndonesian Feasibility Study to the Vendors by 31 December 2027 Mount Clark West Copper Gold Project Connors Arc Queensland, Australia EPM 26008 1,912 ha Porphyry 90% BlueHill Creek Gold Project Drummond Basin Queensland, Australia EPM26217, EPM 27794& EPM 28601 8,000 ha Epithermal 90% SUMMARY OF EXPENDITURE During the September 2026 Quarter, the Company capitalised total exploration and evaluation expenditure of $328,000 (Appendix 5B item 2.1(d)). Net cash used in operating activities was $974,000, comprising: • $76,000 in staff costs; • $442,000 in administration and corporate costs; and • $456,000 in other costs, being takeover-related advisory, legal, ISR and IER costs. Cash and cash equivalents at 30 September 2026 were $593,000 (30 June 2026: $1,898,000). Further details of cash movements during the quarter are provided in the Appendix 5B – Quarterly Cash Flow Report attached to this announcement. PAYMENTS TO RELATED PARTIES AND THEIR ASSOCIATES Payments to related parties and their associates during the quarter totalled $174,000, as disclosed in Item 6 of Appendix 5B: • $155,000 included in item 1, relating to directors’ fees, executive remuneration and associated statutory employment costs; and • $19,000 included in item 2, relating to exploration and evaluation services provided by a director. ASX ANNOUNCEMENT - SEPTEMBER2026 QUARTERLY EXPLORATION UPDATE FAR EAST GOLD ASX ANNOUNCEMENT 7 ASX Announcements referenced directly or in commentary of the September 2026 Quarterly release: 1. ASX: FEG 23 October 2026 “Far East Gold Signs Alliance MoU to Pursue Gold Production and Portfolio Funding” 2. ASX: FEG 21 October 2026 “Results of Extraordinary General Meeting” 3. ASX: FEG 21 September 2026 “Notice of EGM, Access Letter & Proxy Forms” 4. ASX: FEG 9 September 2026 “Notice of Meeting Convened by Shareholder” 5. ASX: FEG 3 September 2026 “Notice under Section 203D & 249D of the Corporations Act” 6. ASX: FEG 2 September 2026 “Notice under Section 203D” 7. ASX: FEG 24 August 2026 “Idenburg Scoping Study Completed” 8. ASX: FEG 5 August 2026 “Close of Xingye Takeover offer” 9. ASX: FEG 30 July 2026 “Report on Activities for the Quarter Ended 30 June 2026” 10. ASX: FEG 29 July 2026 “Fourth Supplementary Target’s Statement” 11. ASX: FEG 27 July 2026 “Third Supplementary Target’s Statement” 12. ASX: FEG 24 July 2026 “Fifth Supplementary Bidder’s Statement” 13. ASX: FEG 21 July 2026 “Second Supplementary Target’s Statement” 14. ASX: FEG 21 July 2026 “Fourth Supplementary Bidder’s Statement” 15. ASX: FEG 17 July 2026 “Third Supplementary Bidder’s Statement” 16. ASX: FEG 14 July 2026 “First Supplementary Target’s Statement” 17. ASX: FEG 9 July 2026 “Second Supplementary Bidder’s Statement” 18. ASX: FEG 22 June 2026 “FEG Moves to 51% Ownership of Idenburg, Clear Pathway to 80%” 19. ASX: FEG 7 April 2026 “Woyla Project Update” Competent Person and Compliance Statement The information in this announcement that relates to exploration results is based on and fairly represents information and supporting documentation prepared, reviewed and approved by Mr. Michael C Corey, a competent person who is a member of the Professional Geoscientists of Ontario (PGO), Canada. Mr. Michael C Corey is employed on a consulting basis by Far East Gold Limited as the General Manager of Exploration. Mr. Michael C Corey has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Mr. Michael C Corey has provided his prior written consent as to the form and context in which the exploration results and the supporting information are presented in this announcement. All information compiled and footnoted above 2 – 16 relates to exploration results that have been previously released to the ASX. The Company confirms that it is not aware of any information or data that materially affects the information included in the announcements and that all material assumptions and technical parameters underpinning the announcements continue to apply. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. ASX ANNOUNCEMENT - SEPTEMBER 2026QUARTERLY EXPLORATION UPDATE APPENDICES Appendix5B Mining exploration entity or oil and gas exploration entity quarterly cashflow report ASXListing Rules Appendix 5B (17/07/20) +Seechapter 19 of the ASXListing Rulesfordefined terms. Page 9 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity ABN Quarter ended (“current quarter”) Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 1. Cash flows from operating activities 1.1 Receipts from customers - - 1.2 Payments for (a) exploration & evaluation - - (b) development - - (c) production - - (d) staff costs (76) (76) (e) administration and corporate costs (442) (442) 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 (takeover-related costs) (456) (456) 1.9 Net cash from / (used in) operating activities (974) (974) 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) tenements - - (c) plant and equipment - - (d) exploration & evaluation (328) (328) (e) investments - - (f) other non-current assets - - 2.2 Proceeds from the disposal of: (a) entities - - (b) tenements - - 68 639 887 219 Far East Gold Limited 30 Sep 2026 Appendix5B Mining exploration entity or oil and gas exploration entity quarterly cashflow report ASXListing Rules Appendix 5B (17/07/20) +Seechapter 19 of the ASXListing Rulesfordefined terms. Page 10 Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 (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 Bank guarantee - - 2.6 Net cash from / (used in) investing activities (328) (328) 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 Lease payments - - 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 1,898 1,898 4.2 Net cash from / (used in) operating activities (item 1.9 above) (974) (974) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (328) (328) 4.4 Net cash from / (used in) financing activities (item 3.10 above) - - 4.5 Effect of movement in exchange rates on cash held (3) (3) 4.6 Cash and cash equivalents at end of period 593 593 Appendix5B Mining exploration entity or oil and gas exploration entity quarterly cashflow report ASXListing Rules Appendix 5B (17/07/20) +Seechapter 19 of the ASXListing Rulesfordefined terms. Page 11 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 Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 593 1,898 5.2 Call deposits - - 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 593 1,898 6. Payments to related parties of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 155 6.2 Aggregate amount of payments to related parties and their associates included in item 2 19 6.1 Payments of $155,000 to related parties and their associates included in item 1 relate to directors’ fees, executive remuneration and associated statutory employment costs. 6.2 Payments of $19,000 to related parties and their associates included in item 2 relate to exploration and evaluation services provided by director. 7. Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 7.1 Loan facilities - - 7.2 Credit standby arrangements - - 7.3 Other (please specify) - - 7.4 Total financing facilities - - 7.5 Unused financing facilities available at quarter end - 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. N/A Appendix5B Mining exploration entity or oil and gas exploration entity quarterly cashflow report ASXListing Rules Appendix 5B (17/07/20) +Seechapter 19 of the ASXListing Rulesfordefined terms. Page 12 8. Estimated cash available for future operating activities $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) (974) 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (328) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (1,302) 8.4 Cash and cash equivalents at quarter end (item 4.6) 593 8.5 Unused finance facilities available at quarter end (item 7.5) - 8.6 Total available funding (item 8.4 + item 8.5) 593 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 0.46 Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. 8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: No. The Company does not expect the current quarter's level of net operating cash outflows to continue at the same rate. The September quarter included approximately A$456,000 of expenditure associated with the takeover process, including legal, advisory and independent expert costs, which are not expected to recur at the same level. The Company has also implemented cash conservation measures and continues to review corporate overheads and discretionary expenditure. Future exploration and evaluation activities will be prioritised in accordance with available funding and the Company's strategic objectives. 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: Yes. The Company is actively progressing several funding initiatives, including discussions with potential strategic investors regarding an equity placement, engagement with capital markets advisers regarding potential equity raisings and a Share Purchase Plan, and opportunities for project- level investment, joint ventures and asset transactions. The Company is also progressing discussions regarding a strategic Indonesian alliance which may provide additional opportunities for investment, project development and funding. The Directors consider these initiatives to provide potential pathways to securing additional working capital. However, no assurance can be given that any particular funding initiative will be completed, and the Company continues to manage expenditure accordingly. 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: Yes. The Directors expect the Company to be able to continue its operations and pursue its business objectives through a combination of cash conservation measures, prioritisation of expenditure and the funding initiatives currently being progressed. The Company retains flexibility to adjust the timing and scale of discretionary exploration and corporate expenditure while pursuing additional capital and strategic investment opportunities. The Directors believe that these measures, together with the Company's active funding discussions, provide a reasonable basis for continuing operations, subject to securing additional funding as required. Note:where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. Appendix5B Mining exploration entity or oil and gas exploration entity quarterly cashflow report ASXListing Rules Appendix 5B (17/07/20) +Seechapter 19 of the ASXListing Rulesfordefined terms. Page 13 Compliance statement 1 This statement has been prepared in accordance with