Announcement PDF FAR EAST GOLD ASX ANNOUNCEMENT 1 COMPANY STATEMENT NOTICE OF EXTRAORDINARY GENERAL MEETING Far East Gold Ltd (ASX: FEG) (FEG or the Company) will hold an Extraordinary General Meeting on Wednesday 21 October 2026 at 1:00pm Brisbane time (AEST), being 2:00pm AEDT, to consider resolutions to remove Monique Tang, Justin Hastings and Michael Thirnbeck as directors under section 203D of the Corporations Act 2001 (Cth). The meeting is being convened by the directors under section 249D of the Corporations Act following a request from two shareholders holding approximately 5.5% of the votes that may be cast at a general meeting, as announced to ASX on 3 September 2026. The directors have convened the meeting within the required 21-day period and it will be held within two months of the shareholders’ request. Shareholders should read this document in full. A majority of the Board recommends voting FOR all resolutions at the Company-convened meeting on 21 October 2026. Automic will dispatch proxy forms for the Company-convened meeting on 21 October 2026 and the Xingye-convened meeting on 3 November 2026, with online lodgement available at investor.automic.com.au. 21 OCTOBER MEETING AT A GLANCE MEETING DATE AND TIME Wednesday 21 October 2026 at 1:00pm Brisbane time (AEST), being 2:00pm AEDT and within two months of the 3 September 2026 requisition VENUE Level 18, 324 Queen St, Brisbane, Qld, 4000 and online via Automic Investor platform RESOLUTIONS Three ordinary resolutions under section 203D to remove Monique Tang, Justin Hastings and Michael Thirnbeck as directors, each with immediate effect BOARD RECOMMENDATION A majority of the Board recommends voting FOR all three resolutions being considered at the 21 October 2026 meeting. VOTING ENTITLEMENT Shareholders registered at 6:00pm Brisbane time (AEST), being 7:00pm (AEDT), on Monday 19 October 2026 may attend and vote. All resolutions will be decided by poll PROXY DEADLINE Proxies must be received by Automic no later than 1:00pm Brisbane time (AEST), being 2:00pm (AEDT), on Monday 19 October 2026 (48 hours before the meeting) HOW TO VOTE Online at investor.automic.com.au, by returning the proxy form, or in person at the meeting. Voting FOR all three resolutions is the recommendation of a majority of the Board WHY THIS MEETING Convened under section 249D at the request of shareholders holding approximately 5.5% of votes, as announced on 3 September 2026 This table relates only to the 21 October meeting. Shareholders must vote separately on the resolutions at the Xingye-convened meeting of 3 November 2026. ASX ANNOUNCEMENT 21 SEPTEMBER 2026 COMPANY S T A T E M E N T AND NOTICE O F EXTRAOR DINARY GENERAL MEETING REMOVAL O F D I R EC T ORS U N D E R SECT I ON 203D OF THE CORPORATIONS A CT FAR EAST GOLD ASX ANNOUNCEMENT 2 COMPANY STATEMENT Meetings requisitioned by shareholders Following the shareholders’ request announced to ASX on 3 September 2026, the directors have convened an Extraordinary General Meeting to consider the removal of Monique Tang, Michael Thirnbeck and Justin Hastings as directors. The meeting will be held on Wednesday 21 October 2026 at 1:00pm Brisbane time (AEST), being 2:00pm (AEDT). The formal Notice of Meeting, Explanatory Memorandum and details of how to vote follow this statement, and proxy materials are being dispatched to shareholders by Automic. Xingye Gold (Hong Kong) Mining Company Limited (Xingye) has separately convened a shareholder meeting to consider the removal of Justin Werner, Shane Menere, Paul Thomas Walker and Christopher David Atkinson, together with the removal of certain other directors appointed from 2 September 2026 as specified in Resolution 5 of Xingye’s notice. The meeting convened by Xingye will be held on Tuesday 3 November 2026 at 11:00am Brisbane time (AEST). Automic will also distribute proxy materials for that meeting, enabling shareholders to lodge proxies for both meetings through its platform. Shareholders using this service do not need to lodge the same proxy appointments with Boardroom. Shareholders must submit their voting instructions separately for each meeting, whether online or by completing the proxy forms. Board recommendations A majority of the Board recommends voting FOR all resolutions being considered at the Company- convened meeting on 21 October 2026. Every vote matters: each resolution is decided by a simple majority of votes cast on a poll. Xingye holds 34.57% of the Company’s shares, making participation by other shareholders particularly important. Submit your voting instructions early for both meetings through Automic. Proxy appointments must be received by: • 21 October meeting: 1:00pm Brisbane time (AEST), being 2:00pm AEDT, on Monday 19 October 2026. • 3 November meeting: 11:00am Brisbane time (AEST) on Sunday 1 November 2026. If appointed as your proxy, Justin Werner will vote in accordance with your instructions. If you do not provide voting instructions, he intends to vote FOR all resolutions at the 21 October meeting and AGAINST all resolutions at the 3 November meeting. What shareholders are being asked to decide Xingye in the meeting it has convened for 3 November 2026 seeks to remove four of FEG’s seven directors while its shareholding in FEG sits at 34.57%. Its Explanatory Memorandum for that meeting indicates that further investment and technical support for FEG is conditional on those removals, but does not specify the amount, terms or timing of that investment. Shareholders are being asked by Xingye to change control of the Board before knowing the terms on which any support from them may be provided. COMPANY S T A T E M E N T AND NOTICE O F EXTRAOR DINARY GENERAL MEETING REMOVAL O F D I R EC T ORS U N D E R SECT I ON 203D OF THE CORPORATIONS A CT FAR EAST GOLD ASX ANNOUNCEMENT 3 Xingye - from failed takeover bid to seeking board control Much of Xingye's Explanatory Memorandum repeats allegations made in its Bidder's Statements during the takeover. Those allegations were answered in FEG's Target's Statement and four Supplementary Target's Statements, all of which remain available on the ASX platform. Shareholders should weigh those responses and the following points when assessing Xingye’s proposals: • Independent Valuation. The A$0.324 to A$0.444 per share valuation, on a controlling-interest basis, was determined by the independent expert, Lonergan Edwards & Associates (LEA), supported by SRK Consulting as independent technical specialist. It was not a valuation devised by your directors. LEA reconfirmed its valuation twice during the bid after considering each of Xingye's statements. Xingye has not produced a competing independent valuation or technical report to support its criticisms. • Xingye’s stated intentions. In its original Bidder’s Statement, Xingye raised the possibility that its nominee might resign and it might sell its shares if the takeover was unsuccessful. The bid closed without Xingye obtaining control. Its nominee remains on the Board, and Xingye is now seeking to remove four of FEG’s seven directors. • Who would remain? Xingye seeks to remove all four members of the Independent Board Committee formed to respond to its unsolicited takeover bid. If successful, and assuming the other three directors remain in office, this would leave Xingye’s nominee and two directors nominated by a former shareholder that sold its entire holding to Xingye. None of those three directors holds shares in FEG. • The current directors’ record and investment. The four directors Xingye seeks to remove collectively hold, directly or indirectly, more than 11% of FEG’s shares and have each participated in multiple capital raisings of the Company. With these four directors in office, FEG has raised over A$50 million to fund project acquisitions, exploration and operations, including completing the maiden JORC Mineral Resource Estimate and Scoping Study at its flagship Idenburg Project. Shareholders with questions about the meetings or how to vote can contact the Company at the details below or through the FEG investor hub. ABOUT FAR EAST GOLD Far East Gold Ltd (ASX: FEG) is an ASX listed copper/gold exploration company with six advanced projects in Australia and Indonesia. This announcement has been authorised for release by the Board of Far East Gold Ltd. FURTHER INFORMATION: Sign up to the Far East Gold investor hub to receive important news and updates directly to your inbox, and to engage directly with our leadership team: https://investorhub.fareast.gold/auth/signup COMPANY ENQUIRIES Justin Werner Chairman e: justin.werner@fareast.gold Shane Menere Chief Executive Officer e: shane.menere@fareast.gold m: + 61 406 189 672 + 62 811 860 8378 Tim Young Investor Relations & Capital Markets e: tim.young@fareast.gold m: + 61 484 247 771 COMPANY S T A T E M E N T AND NOTICE O F EXTRAOR DINARY GENERAL MEETING REMOVAL O F D I R EC T ORS U N D E R SECT I ON 203D OF THE CORPORATIONS A CT FAR EAST GOLD ASX ANNOUNCEMENT 4 FAR EAST GOLD LTD ACN 639 887 219 NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting (Meeting) of the shareholders of Far East Gold Ltd will be held at Level 18, 324 Queen Street, Brisbane, Queensland on Wednesday 21 October 2026 at 1:00pm Brisbane time (AEST), being 2:00pm (AEDT). The company is also pleased to provide shareholders with the opportunity to attend and participate in a virtual Meeting through an online meeting platform powered by Automic. Shareholders that have an existing account with Automic will be able to watch, listen and vote online. The Meeting has been convened by the directors under section 249D of the Corporations Act 2001 (Cth) (Corporations Act) at the request of shareholders who together hold approximately 5.5% of the votes that may be cast at a general meeting of the Company (Requisitioning Shareholders). The Explanatory Memorandum accompanying this Notice of Meeting provides additional information on the matters to be considered at the Meeting and forms part of this Notice. Terms used in this Notice have the same meaning as in the Explanatory Memorandum. AGENDA Resolution 1 – Removal of Monique Tang as a director To consider and, if thought fit, to pass the following resolution as an ordinary resolution: "That, in accordance with section 203D of the Corporations Act 2001 (Cth), Monique Tang be removed as a director of the Company with immediate effect." Resolution 2 – Removal of Justin Hastings as a director To consider and, if thought fit, to pass the following resolution as an ordinary resolution: "That, in accordance with section 203D of the Corporations Act 2001 (Cth), Justin Hastings be removed as a director of the Company with immediate effect." Resolution 3 – Removal of Michael Thirnbeck as a director To consider and, if thought fit, to pass the following resolution as an ordinary resolution: "That, in accordance with section 203D of the Corporations Act 2001 (Cth), Michael Thirnbeck be removed as a director of the Company with immediate effect." Each Resolution is independent of the others and will be considered and voted on separately. No voting exclusion applies to any Resolution. VOTING AND PROXY INFORMATION Entitlement to vote The Board has determined, in accordance with regulation 7.11.37 of the Corporations Regulations 2001 (Cth), that for the purposes of the Meeting, shares will be taken to be held by the persons who are registered as holders at 6:00pm Brisbane time (AEST), being 7:00pm (AEDT) on Monday 19 October 2026. Transfers registered after that time will be disregarded in determining entitlements to attend and vote at the Meeting. COMPANY S T A T E M E N T AND NOTICE O F EXTRAOR DINARY GENERAL MEETING REMOVAL O F D I R EC T ORS U N D E R SECT I ON 203D OF THE CORPORATIONS A CT FAR EAST GOLD ASX ANNOUNCEMENT 5 Voting by poll The Chair of the Meeting intends to call a poll on each Resolution. On a poll, every shareholder present in person, by proxy, attorney or corporate representative has one vote for each fully paid ordinary share held. Appointment of proxies • A shareholder entitled to attend and vote at the Meeting may appoint a proxy. A proxy need not be a shareholder of the Company. A proxy may be an individual or a body corporate. • A shareholder entitled to cast two or more votes may appoint two proxies and may specify the proportion or number of votes each proxy is appointed to exercise. If no proportion or number is specified, each proxy may exercise half of the shareholder's votes. • If a shareholder directs a proxy how to vote on a Resolution, the proxy must vote on a poll and must vote in accordance with that direction. If a shareholder appoints the Chair of the Meeting as proxy and does not direct the Chair how to vote, the Chair intends to vote all available undirected proxies FOR each Resolution. • A body corporate appointed as proxy must appoint an individual as its corporate representative under section 250D of the Corporations Act and provide satisfactory evidence of that appointment before the Meeting. Lodgement of proxy forms To be effective, proxy forms (and any power of attorney or other authority under which they are signed) must be received by the Company's share registry, Automic, no later than 1:00pm Brisbane time (AEST), being 2:00pm (AEDT), on Monday 19 October 2026, being 48 hours before the commencement of the Meeting. Proxy forms received after that time will not be valid. Proxies may be lodged: • Online: https://investor.automic.com.au (login using your holder details and follow the prompts) • By post: Automic, GPO Box 5193, Sydney NSW 2001 • By hand: Automic, Level 5, 126 Phillip Street, Sydney NSW 2000 • By email: meetings@automicgroup.com.au Voting virtually at the Meeting Shareholders who wish to vote virtually on the day of the Meeting can do so by logging into the Automic shareholder portal. 1. Open your internet browser and go to investor.automic.com.au 2. Login using your username and password. If you do not already have an account, click “Register” and follow the prompts. Shareholders are encouraged to register prior to the commencement of the Meeting to avoid delays in accessing the virtual platform. 3. After logging in, a banner will appear at the bottom of your screen when the Meeting is open for registration. Click “Register”. Alternatively, select Meetings from the left-hand menu. 4. Click on “Join Meeting” and follow the prompts. 5. When the Chair of the Meeting declares the poll open, select the “Voting” dropdown menu on the right-hand side of your screen. 6. Select either the “Full” or “Allocate” option to access your electronic voting card. COMPANY S T A T E M E N T AND NOTICE O F EXTRAOR DINARY GENERAL MEETING REMOVAL O F D I R EC T ORS U N D E R SECT I ON 203D OF THE CORPORATIONS A CT FAR EAST GOLD ASX ANNOUNCEMENT 6 7. Follow the prompts to record your voting direction for each resolution and click “Submit votes”. For allocated votes, the number of votes submitted must not exceed your remaining available units. Important: Votes cannot be amended once submitted. For further information on the live voting process please see the Registration and Voting Guide at https://www.automicgroup.com.au/virtual-agms/ It is recommended that Shareholders wishing to attend the Meeting log in from 15 to 30 minutes prior to the scheduled start time. Corporate representatives A body corporate shareholder may appoint an individual to act as its representative at the Meeting. The appointment must comply with section 250D of the Corporations Act and evidence of the appointment (a Certificate of Appointment of Corporate Representative, available from Automic) should be provided to the Company before the Meeting. Questions Shareholders may submit written questions in advance of the Meeting to tim.young@fareast.gold by 5:00pm (AEDT) on Wednesday 14 October 2026. Shareholders will also have a reasonable opportunity to ask questions at the Meeting. FOR AND ON BEHALF OF THE BOARD OF FAR EAST GOLD LTD Kyla Garic Company Secretary Far East Gold Ltd 18 September 2026 COMPANY S T A T E M E N T AND NOTICE O F EXTRAOR DINARY GENERAL MEETING REMOVAL O F D I R EC T ORS U N D E R SECT I ON 203D OF THE CORPORATIONS A CT FAR EAST GOLD ASX ANNOUNCEMENT 7 EXPLANATORY MEMORANDUM Extraordinary General Meeting 21 October 2026 1. Introduction This Explanatory Memorandum has been prepared for the information of shareholders of Far East Gold Ltd in connection with the business to be conducted at the Extraordinary General Meeting to be held on Wednesday 21 October 2026 at 1:00pm Brisbane time (AEST), being 2:00pm (AEDT). It should be read in its entirety together with the Notice of Meeting and the Company Statement that precedes it. If you are in doubt about what to do in relation to the Resolutions, you should consult your financial or other professional adviser. 2. Background to the Meeting On 3 September 2026 the Company received from the Requisitioning Shareholders (i) a notice under section 203D of the Corporations Act (Cth) (the Act) of their intention to move resolutions at a general meeting to remove Ms Monique Tang, Mr Justin Hastings and Mr Michael Thirnbeck as directors of the Company, and (ii) a request under section 249D of the Corporations Act requiring the directors to call and arrange to hold a general meeting to consider those resolutions. The Company announced receipt of the notices to ASX on the same day. Section 249D of the Act provides that the directors of a company must call a general meeting on the request of members with at least 5% of the votes that may be cast at the general meeting. The directors must call the meeting within 21 days after the request is given to the company, and the meeting must be held not later than two months after the request is given. The Requisitioning Shareholders hold approximately 5.5% of the votes that may be cast at a general meeting, and the Board is satisfied that the request complies with section 249D. The directors have accordingly resolved to convene the Meeting. The Meeting has been called within 21 days of the request and will be held within two months of the request, as required by section 249D(5) of the Act. Shareholders should note that on 2 September 2026 Xingye also served a notice under section 203D of the Act of its intention to move resolutions to remove other directors of the Company and has separately convened a meeting of shareholders for that purpose. The Meeting the subject of this Notice is a separate meeting, convened by the Company, and shareholders will need to vote separately at each meeting. 3. Resolutions 1 to 3 – Removal of Directors 3.1 Section 203D of the Corporations Act Under section 203D of the Act, a public company may by ordinary resolution remove a director from office despite anything in the company's constitution, any agreement between the company and the director, or any agreement between any or all members of the company and the director. Notice of intention to move the resolution must be given to the company at least two months before the meeting is to be held; however, if the company calls a meeting after the notice of intention is given, the meeting may pass the resolution even though the meeting is held less than two months after the notice is given. This Meeting has been called after the section 203D notice was given and may therefore validly consider the Resolutions. COMPANY S T A T E M E N T AND NOTICE O F EXTRAOR DINARY GENERAL MEETING REMOVAL O F D I R EC T ORS U N D E R SECT I ON 203D OF THE CORPORATIONS A CT FAR EAST GOLD ASX ANNOUNCEMENT 8 3.2 Right of the Directors to put their case Section 203D(4) entitles a director who is the subject of a removal resolution to put their case to members by giving the company a written statement for circulation to members and by speaking to the motion at the meeting. The Company has given a copy of the section 203D notice to each of Ms Tang, Mr Hastings and Mr Thirnbeck as required by section 203D(3). If any of Ms Tang, Mr Hastings or Mr Thirnbeck provides a written statement to the Company, the Company will circulate it to shareholders in accordance with section 203D(4). The Company is not required to circulate a statement if it is more than 1,000 words long or defamatory. 3.3 Effect of the Resolutions Each Resolution, if passed, will take effect immediately upon being passed and the relevant director will cease to hold office as a director of the Company from that time. If all three Resolutions are passed, the Board will comprise Justin Werner, Shane Menere, Paul Thomas Walker and Christopher David Atkinson. 3.4 Reasons for the Resolutions The majority of the Board's reasons for supporting the Resolutions are set out in the Company Statement at the front of this document. In summary, a majority of the Board considers that the Company needs a Board whose priority is executing FEG's strategy for the benefit of all shareholders, rather than one aligned with the interests of a single shareholder that has already sought, and failed, to acquire the Company at A$0.13 to A$0.15 per share. 3.5 Voting exclusions There are no voting exclusions under the Corporations Act or the ASX Listing Rules that apply to Resolutions 1, 2 or 3. All shareholders, including Xingye and the Requisitioning Shareholders, are entitled to vote on each Resolution. 3.6 Board recommendation A majority of the Board (comprising Justin Werner, Shane Menere, Paul Walker and Christopher Atkinson) recommend that shareholders vote FOR each of Resolutions 1, 2 and 3, and each of them intends to vote all shares held or controlled by them in favour of each Resolution. The Chair of the Meeting intends to vote all available undirected proxies FOR each Resolution. COMPANY S T A T E M E N T AND NOTICE O F EXTRAOR DINARY GENERAL MEETING REMOVAL O F D I R EC T ORS U N D E R SECT I ON 203D OF THE CORPORATIONS A CT FAR EAST GOLD ASX ANNOUNCEMENT 9 4. Glossary ASX ASX Limited (ACN 008 624 691) or the securities market operated by it, as the context requires. Board The board of directors of the Company. Company or FEG Far East Gold Ltd (ACN 639 887 219 ). Corporations Act Corporations Act 2001 (Cth). Explanatory Memorandum This explanatory memorandum, which forms part of the Notice of Meeting. Meeting The Extraordinary General Meeting convened by the Notice of Meeting. Notice of Meeting The notice of extraordinary general meeting that accompanies this Explanatory Memorandum. Requisitioning Shareholders The two shareholders who gave the section 203D notice and section 249D request to the Company dated 3 September 2026. Resolution A resolution set out in the Notice of Meeting. Xingye Xingye Gold (Hong Kong) Mining Company Limited and, where the context requires, its related bodies corporate. 5. Statements received from Directors under subsection 203D(4)(a) of the Corporations Act 1 18 September 2026 Dear shareholder, I strongly recommend that shareholders vote AGAINST Resolution 3, which seeks to remove me as a director of Far East Gold Ltd (Company). I should remain as a director of the Company because: • I have more than 30 years of technical, operational and project development expertise in mining, including over 20 years hands-on experience with the Woyla project, which is one of the Company’s key Indonesian projects. My experience provides valuable continuity and expertise as the Company progresses its projects towards development. • I am a conduit between the Company and its joint venture partners in the Company’s Idenburg and Woyla Projects, including Wendy Yap. 1 Experience and project knowledge I am a qualified geologist with more than 30 years' experience in mineral exploration, resource development and project evaluation across Indonesia, Papua New Guinea and Australia. I hold a Bachelor of Science (Honours) in Geology and Mineralogy from the University of Queensland and have been a Member of the Australasian Institute of Mining and Metallurgy since 1989. Throughout my career, I have held senior technical and executive roles with mining companies operating across Southeast Asia, providing extensive expertise in exploration and project development. Importantly, I have extensive hands-on operational experience with the Woyla project and the region it is in, gained through more than two decades of direct involvement in the project’s exploration and advancement. In addition, since my appointment to the Board of the Company in May 2022 I have also been directly involved with the Idenburg Project. My experience and knowledge provide valuable continuity and technical insight as the Company progresses its Indonesian projects. 2 Conduit between the Company and a key strategic stakeholder I was appointed as a non-executive director of the Company on 23 May 2022 as a nominee of the vendors of the Woyla Project. Those vendors include Wendy Yap, who is a vendor of both the Idenburg and Woyla Projects (and until recently a substantial shareholder of the Company). Wendy continues to retain a 49% ownership interest in both the Woyla and Idenberg projects and my continued service on the Board can assist in maintaining knowledge sharing and cooperation between the Company and Wendy, which will contribute to the success of those projects and the value of the Company. 3 Recommendation For the various reasons above, I strongly recommend that shareholders vote AGAINST Resolution 3. Yours sincerely, Michael Thirnbeck Director, Far East Gold Ltd 1 18 September 2026 Dear shareholder I urge shareholders to vote AGAINST Resolution 2, which proposes my removal as a director of Far East Gold Ltd (Company). I am a director who will be able to drive the long-term success of the Company and, in particular, its Indonesian projects because: • I bring a distinct strategic and geopolitical perspective to the Board; • I have strong language skills and connections relevant to business in Asia; • I am a bridge to the Company's most important joint venture partners in the Idenburg and Woyla Projects, including Wendy Yap; and • I am committed to the long-term success of the Company. I am confident that my continued service on the Board is in the best interests of the Company and its shareholders. Invaluable experience and perspective I am Professor of International Relations and Comparative Politics at the University of Sydney, with more than 20 years' experience researching international security, geopolitical risk, trade, regulatory developments and international compliance in the Asia Pacific. My work focuses on the geopolitical forces shaping global supply chains and access to critical resources. As the Company continues to operate and grow in Indonesia, this experience provides a valuable strategic perspective to Board deliberations, helping the Board navigate regional geopolitical developments, regulatory change and other factors that may affect the Company's long-term opportunities and risks. Strong language skills and Indonesian business connections I am conversant in Mandarin Chinese and in Bahasa Indonesia and have strong connections throughout the Indonesian business community. This enables me to engage effectively with key stakeholders and provide the Board with valuable local insight as the Company advances its Indonesian projects towards development. Bridge to the Company’s most important joint venture partners I was appointed as a director of the Company on 24 June 2026, having been nominated by the vendors of the Idenburg Project, including Wendy Yap. Wendy Yap is a vendor of both the Idenburg and Woyla Projects and was, until recently, a substantial shareholder of the Company. She continues to hold a 49% interest in both projects and remains the Company's joint venture partner. My continued presence on the Board maintains an important bridge to Wendy Yap, facilitating engagement with a key project stakeholder and supporting the successful development of these projects. Commitment to the long-term success of the Company I am committed to the long-term financial viability of the Company, to the successful development of the Company’s projects, to the Company’s compliance with all applicable laws and regulations, and to accuracy, timeliness, and transparency in the Company’s communications with shareholders and the market. Recommendation For the reasons outlined above, I recommend that shareholders vote AGAINST Resolution 2. Yours sincerely, Professor Justin Hastings Director, Far East Gold Ltd 1 18 September 2026 Dear shareholder, I urge shareholders to vote AGAINST Resolution 1, which proposes my removal as a director of Far East Gold Ltd (Company). I should not be removed as a director because: • I am a critical link between the Company and its largest shareholder. • My continued service on the Board is necessary to unlock substantial investment in the Company that will benefit all shareholders. • I bring very deep commercial, strategic and technical expertise to the Board. • My proposed removal is an ill-conceived and impulsive ploy that has wasted shareholder money. Critical link to the Company’s largest shareholder I serve on the Board as a nominee director of Xingye Gold (Hong Kong) Mining Company Limited (Xingye). Xingye is the largest shareholder in the Company, holding 34.57% of the Company’s shares. Xingye’s parent company is Inner Mongolia Xingye Silver & Tin Mining Co., Ltd. (Xingye Silver & Tin). My appointment as nominee director was made under the Placement Agreement between Xingye and the Company, under which Xingye invested approximately A$14.67 million in the Company and is entitled to nominate up to two directors to the Board. As General Manager of Xingye Silver & Tin's Global Business Unit, I have a deep understanding of Xingye Silver & Tin’s objectives and priorities for the Company. This places me in a unique position to serve as a critical link between the Company and Xingye Silver