Announcement PDF ASX Code: LDR | ACN: 637 512 415 | www.loderesources.com A: Suite 506, Level 5, 50 Clarence Street Sydney NSW 2000| P: +61 (2) 9078 7176 | E: info@loderesources.com QUARTERLY ACTIVITIES REPORT For The Quarter Ended 30 September 2026 Highlights Montezuma Silver & Antimony Project (Tasmania) • MZS43, the first hole drilled from the hanging wall side of Montezuma, intersected four separate mineralised zones during the quarter – a new silver-antimony lode, the Montezuma Lode and two silver-zinc-lead replacement zones in the Maestries Conglomerate. • Subsequent to quarter end, assays confirmed five high-grade intercepts from three mineralised zones (ASX: 6 October 2026)10 : o New discovery – Moores Lode: 437g/t Ag, 3.4% Cu, 2.4% Pb, 1.2% Sb, 1.2g/t Au, 3.7% Sn over 1.0m from 133.5m (1,241g/t AgEq1 ) o Montezuma Lode extended south: 790g/t Ag, 7.2% Cu, 0.3% Pb, 0.3% Sb, 0.8g/t Au, 0.6% Sn over 1.1m from 220.4m (1,554g/t AgEq1 ) o Maestries replacement zone (upper): 274g/t Ag, 1.0% Pb, 2.9% Zn, 0.8g/t Au over 2.2m from 370.5m o Maestries replacement zone (lower): 36g/t Ag, 1.7% Pb, 4.1% Zn over 4.2m from 411.8m, and 39g/t Ag, 0.5% Pb, 3.8% Zn, 0.23g/t Au over 5.9m from 420.6m • Moores Lode and the Maestries replacement zone both sit outside the 8.2Moz AgEq maiden resource (480kt at 533g/t AgEq1 ), which remains open in all directions – opening multiple potential pathways to resource growth. • Drilling continues from the hanging wall position to test southern extensions, with MZS44 results pending and MZS45 in progress. Regional Tasmania • Fahlore: drilling underway approximately 3.5km north of Montezuma, testing historic workings where grab samples returned up to 2,480g/t Ag, 2.35% Sb and 3.19% Cu. • Silver Hills: now drill-ready, with access roads completed to the Silver Cliffs and Persic prospects, drilling permits received and drill pads constructed at Persic ahead of Lode’s maiden drilling program. • Granville: SAM geophysical survey completed at Granville East, identifying a significant conductor centred on the survey area. Field work is underway to confirm drill targets. Uralla Gold Project (NSW) • Follow-up scout RC drilling returned 22 new gold intercepts across multiple prospects, confirming broad zones of near-surface gold mineralisation and supporting the emerging Intrusive Related Gold System (IRGS) model5 . Best results include: o KTN018: 9.0m @ 1.00g/t Au, including 2.0m @ 1.92g/t Au o KTN023: 6.0m @ 1.22g/t Au, including 3.0m @ 2.11g/t Au o KTN025: 4.0m @ 1.51g/t Au, including 2.0m @ 2.53g/t Au o KTN027A: 2.0m @ 3.35g/t Au 2 ASX Announcement | 19 October 2026 ASX Code: LDR Corporate • Cash of $2.716 million at 30 September 2026, with no debt facilities. • General Meeting held on 29 July 2026, with all five resolutions carried – including approval for directors to participate in the last capital raise, contributing $95,000 at $0.13 per share. • Non-dilutive funding: R&D Refundable Tax Offset of $306,256 received, with a further $750,000 in deferred sale proceeds from ASX:RCM due in November 2026. • Investor engagement strengthened with the move to the InvestorHub platform in September, giving shareholders a direct channel to engage with Lode’s announcements. • Engage with this announcement via InvestorHub Upcoming Catalysts – December Quarter 2026 • Montezuma: results from resource extension drilling at both the southern and northern end of the Montezuma deposit • Fahlore: completion of the three planned holes as the current Montezuma program nears completion • Silver Hills: maiden drilling program at Persic and Silver Cliffs, with a drilling permit pending for North Valley • Granville: interpretation of SAM survey results and ground confirmation of drill targets ahead of initial drilling • Corporate: receipt of $750,000 in deferred sale proceeds from ASX:RCM, expected November 2026 Corporate & Funding Lode ended the quarter with $2.716 million in cash and no debt facilities. All five resolutions put to Shareholders at the General Meeting held on 29 July 2026 were carried on a poll, including approval for directors to participate in the last capital raise – providing an additional $95,000 in capital at $0.13/share and reflecting the Board’s continued alignment with shareholders. Investor engagement: Lode has moved to strengthen its engagement with investors by adopting the InvestorHub platform. InvestorHub gives shareholders and investors a direct channel to engage with Lode’s announcements and updates, supporting a more transparent and accessible relationship with the market. Lode also received a non-dilutive R&D Refundable Tax Offset of $306,256 for the 2025 financial year and expects a further $750,000 in deferred sale proceeds in November 2026 from the sale of Webbs Consol to ASX:RCM – non-dilutive funding that supports ongoing exploration. 3 Montezuma Silver & Antimony Project3,4,6,8,9,10 During the quarter Lode drilled MZS43 at its 100%-owned Montezuma Silver & Antimony Project (EL7/2019 and 2M/2023), located in the premier West Coast mining district of Tasmania. MZS43 was the first hole drilled from the hanging wall side of the deposit, and visual logging identified four separate mineralised zones, with assays pending at quarter end. Assay results were reported on 6 October 2026 and are summarised under Subsequent to the Quarter below. The project hosts a mineralised system associated with Carboniferous granite intrusions. Sulphide mineralisation includes silver-lead-zinc (Ag-Pb-Zn) fissure lodes carrying the critical minerals antimony (Sb), bismuth (Bi), tin (Sn) and tungsten (W). This multi-metal (polymetallic) character is a key attribute of the project and is evolving with ongoing exploration. The Montezuma deposit is hosted within fissure veins (mineral-filled fractures) along the north-south trending Montezuma fault and associated splay structures. The fault dips steeply east, with drill-defined mineralisation extending over 250m of strike length and 200m down dip and remains open in all directions. The current Montezuma JORC (2012) MRE of 480kt at 533g/t AgEq1 for 8.2Moz AgEq1 is reported at a 200g/t AgEq1 cut-off, with 65% of the resource classified as Indicated. A majority-Indicated resource provides a higher-confidence foundation for future development studies. MZS43 follows drill hole MZS42, completed in April 2026, which returned 6.40m @ 6.2% Zn, 1.5% Pb, 0.1% Sb, 43g/t Ag and 0.1g/t Au from replacement-style mineralisation west of the Montezuma Lode. Unlike the Montezuma Lode, where metals were deposited in veins along a fault, replacement mineralisation forms where mineralising fluids have replaced the host rock – in this case, dolomitic sediments of the Maestries Conglomerate approximately 50-80m west of the Montezuma Fault (Figure 1). Mineralisation is associated with the Carboniferous granitic intrusions responsible for tin-tungsten and silver-lead-zinc-antimony mineralisation across the highly mineralised region of Western Tasmania. Subsequent to the Quarter Five High-Grade Intercepts, Including a New Lode, in a Single Drill Hole at Montezuma10 On 6 October 2026, Lode reported assay results for MZS43, which returned five high-grade intercepts from three mineralised zones, including a newly discovered lode. MZS43 extends the Montezuma Lode to the south and confirms it remains open at depth, supporting potential expansion of the 8.2Moz AgEq maiden resource. At this location, mineralisation appears to be transitioning from dominantly high- grade silver-antimony to dominantly high-grade silver-copper. Drill hole MZS43 was designed to test the Montezuma fissure lode and the Maestries replacement lode (Figures 1 & 2). It intersected both, as well as a new lode. Montezuma Lode: the hole extended known mineralisation to the south with a high-grade intercept of 1.1m downhole at 790g/t Ag, 7.2% Cu, 0.3% Pb, 0.3% Sb, 0.8g/t Au and 0.6% Sn (1,554 g/t AgEq1) from 220.4m (Table 2). Reported AgEq grades exclude tin and gold, so the contribution of these metals is not reflected in the AgEq figures2. 4 New Moores Lode: a new fissure vein of pyrite-stannite-chalcopyrite-jamesonite- galena-arsenopyrite, very similar in character to the Montezuma Lode, was intersected in the hanging wall (the upper side of the Montezuma fault), returning 1.0m down hole at 437 g/t Ag, 3.4% Cu, 2.4% Pb, 1.2% Sb, 1.2g/t Au and 3.7% Sn (1,241 g/t AgEq1) from 133.5m (Table 1). This is the first lode discovered from Lode’s drilling on the hanging wall side of the Montezuma fault, and points to the potential for further lodes around the Montezuma fault mineral system. Maestries replacement zone: MZS43 intersected two broad zones of Maestries replacement mineralisation. The upper (hanging wall) zone returned a best intercept of 2.2m down hole at 274g/t Ag, 1.0% Pb, 2.9% Zn and 0.8g/t Au from 370.5m, within a broader low-grade zone. The lower (footwall) zone returned two high-grade lead-zinc intercepts: 4.2m down hole at 36g/t Ag, 1.7% Pb and 4.1% Zn from 411.8m, and 5.9m down hole at 39g/t Ag, 0.5% Pb, 3.8% Zn and 0.23g/t Au from 420.6m, within a broader zone of mineralisation and alteration (Table 3). Replacement-style mineralisation is a different style to the fissure-hosted Montezuma Lode, and its continued intersection broadens the exploration target beyond the fault-hosted lodes that make up the current resource. Next steps: • MZS43 was the first hole drilled from the hanging wall side of the Montezuma Lode, giving better drilling angles and coverage of both mineralised targets at the southern end of the prospect. • Further holes are planned from this position to test the southern extensions of the Montezuma Lode and the Maestries replacement lodes. • Results from MZS44 are pending and MZS45 is in progress. • Exploration also continues at the Fahlore, Silver Cliffs and Persic high-grade silver and antimony prospects, which Lode considers potential satellite deposits for the Montezuma operation. Table 1 MZS43 Hanging wall lode (Moore’s Lode) Intercept Table 2 MZS43 Montezuma Lode Intercept Table 3 MZS43 Maestries Replacement Mineralisation Intercept From m To m Lengthm Ag ppm As % Cu% Pb % Zn% Sb % Auppm Sn_pct 133.5 134.5 1 437 6.0 3.4 2.4 0.3 1.2 1.24 3.7 133.5 134 0.5 863 6.9 6.8 4.0 0.5 2.1 1.77 7.3 From m To m Lengthm Ag ppm As % Cu% Pb % Zn% Sb % Auppm Sn_pct 220.4 221.5 1.1 790 5.1 7.2 0.3 0.1 0.3 0.81 0.6 From m To m Lengthm Ag ppm As % Cu% Pb % Zn% Sb % Auppm Sn_pct 365.0 367.0 2.0 25 0.0 0.0 0.8 1.3 0.0 -0.01 0.0 370.5 372.7 2.2 274 7.2 0.0 1.0 2.9 0.1 0.81 0.0 380.0 381.0 1.0 22 0.4 0.0 0.7 0.5 0.0 0.01 0.0 411.8 416.0 4.2 36 0.1 0.0 1.7 4.1 0.0 0.00 0.0 411.8 414.3 2.5 44 0.2 0.0 2.4 6.1 0.0 0.00 0.0 420.6 426.5 5.9 39 1.7 0.1 0.5 3.8 0.0 0.23 0.0 421.1 424.0 2.9 41 1.3 0.1 0.4 7.1 0.0 0.15 0.0 5 The mineralised lodes in the Montezuma resource are hosted in deformed graphitic shale, turbiditic siliciclastic sandstone, quartzite and dolomitic conglomerate of the Proterozoic Concert Schist, possibly a correlate of the Oonah Formation. High sulphidation base metal-precious metal fissure veins are associated with Carboniferous granite intrusives that postdate the peak compressive deformation. Mineralisation is complex, consisting of early-stage pyrite-arsenopyrite with associated tin and gold mineralisation. A later stage of jamesonite-tetrahedrite- lanaite-galena veins and occasionally chalcopyrite crosscuts the early pyrite- arsenopyrite. Table 4 Montezuma Indicated and Inferred Mineral Resource Estimate AgEq1 > 200g/t 6 Figure 1 Schematic cross section 5363960N, MZS43 with mineralised intercepts. Moores Lode 133.5-134.5 for 1.0m @ 437 g/t Ag, 3.4% Cu, 2.4% Pb, 1.2% Sb, 1.2g/t Au, 3.7% Sn Montezuma Lode 220.4-221.5 for 1.1m @ 790g/t Ag, 7.2% Cu, 0.3% Pb, 0.3% Sb, 0.8g/t Au, 0.6% Sn Maestries replacement lode 370.5-372.7 for 2.2m @ 274g/t Ag, 1.0% Pb, 2.9% Zn, 0.8g/t Au Drill Hole MZS44 Montezuma Maiden JORC (2012) MRE3 Confirms high-grade Ag-Sb system: 480kt at 533g/t AgEq1 for 8.2Moz AgEq1 Maestries replacement lode 411.8- 416.0 for 4.2m @ 36g/t Ag, 1.7% Pb, 4.1% Zn Maestries replacement lode 420.6-426.5 for 5.9m @ 39g/t Ag, 0.5% Pb, 3.8% Zn, 0.23g/t Au 7 Figure 2 Montezuma Silver & Antimony Project - Hanging Wall Lode Long Section showing metal endowment (AgEq1 x metres 1 Montezuma Silver and Antimony Metal Equivalent Grades Metal equivalent grade figures are a method of demonstrating overall metal endowment for all significant metals grades in a single grade figure for each intercept and thus allowing a simpler comparison between intercepts. Montezuma’s reported silver equivalent figures are based on conversion factors as follows: • AgEq(g/t) = Ag(g/t) + 357*Sb(%) + 20*Pb(%) + 91*Cu(%) Metal equivalent conversion factors were calculated using 30 December 2024 metal prices of US$34,747/t antimony, US$29.1/oz silver, US$1,912/t lead and US$8,705/t copper. The antimony price was calculated as an average of several antimony products in several markets including: • antimony concentrate delivered China • antimony ingot FOB China • antimony trioxide FOB China • antimony trioxide in warehouse Baltimore • antimony ingot in warehouse Baltimore • antimony trioxide in warehouse Baltimore • antimony trioxide in warehouse Rotterdam Metal equivalent conversion factors were calculated using a preliminary flotation test carried out by ALS Metallurgy (Burnie) in March 2026, where recoveries achieved were 88.4% antimony, 93.0% silver, 88.4% lead and 91.5% copper. It is Lode’s opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold. 2 Tin and Gold Assays Tin and Gold assay figures are not included in equivalent figures as gold was not assayed in an early flotation test. ALS Metallurgy has been commissioned to complete further comprehensive flotation tests on Montezuma Silver & Antimony mineralisation including the recovery of tin and gold. This includes Quantitative X-ray Diffraction (QXRD) analysis to determine overall mineralogy. Montezuma Lode 220.4-221.5 for 1.1m @ 790g/t Ag, 7.2% Cu, 0.3% Pb, 0.3% Sb, 0.8g/t Au, 0.6% Sn 8 Fahlore6 Drilling has continued during the quarter at the historic Fahlore Ag-Sb-Cu mine on EL2/2020 (Figure 3). Drilling activity has been intermittent while the focus has been on supporting the resource drilling at Montezuma. With the current program at Montezuma nearing completion the focus will pivot back to completing the three planned holes at Fahlore. This drilling is targeting a line of historic workings and previously reported highly anomalous grab samples11 that were taken from historical waste dumps. These samples returned high- grade silver, antimony and copper assays as shown in Table 5 and Figure 4. Grab sampling is selective in nature with resultant assay grades considered to be qualitative rather than quantitative and not necessarily representative of the mined mineralisation which may actually be lower or higher in grade. Table 5 Montezuma Silver & Antimony Project – Fahlore mine dump assays The Fahlore silver and antimony deposit mineralisation comprises jamesonite, galena, tetrahedrite and chalcopyrite and is similar in composition to the Montezuma silver and antimony deposit located approximately 4km to the south – making Fahlore a priority target to extend the silver-antimony footprint of the broader Montezuma project area. See Figure 5. The Fahlore workings include a series of shafts, adits and waste dumps that extend over a strike of 350 metres in a N-S direction. See Figure 6. 9 Figure 3 Drilling at Fahlore Silver & Antimony Prospect Figure 4 Montezuma Silver & Antimony Project – Fahlore mine work 10 Figure 5 Montezuma Silver & Antimony Project – Historical soil sampling reveals numerous soil anomalies 11 Silver Hills Project6 An access road has been completed to the Silver Cliffs Silver & Antimony prospect and has now been extended to the Persic Silver & Antimony prospect. Drilling permits have been received and drill pad construction at Persic completed in advance of a maiden drilling program at Silver Hills. A drilling permit is also pending for the North Valley tin prospect. Granville6 Granville combines a historic tin-producing open pit with established processing infrastructure. The project covers the southern end of the Arthur Lineament and the northern and eastern contacts and aureole of the Heemskirk granite. The Heemskirk Granite is a prolific mineralising granite covering a significant area. The complex host rock geology has resulted in a wide variety of associated mineral deposits including tin, tungsten, magnetite, silver-lead and the unusual Avebury nickel skarn. The northern granite aureole hosts the St Dizier magnetite-tin skarn deposit and several other skarns including Lode’s Granville East Open Pit mine. In the southeast the aureole also hosts the Avebury Nickel deposit and Lode’s historic Globe Silver mine. The Heemskirk granite itself also hosts several small greisen deposits, some of which are within the tenement. A number of secondary placer deposits also occur within the project area. A Sub Audio Magnetic (SAM) survey was completed at Granville East centered on the historic Granville East Open Pit mine and extending both north and south to areas where prospective skarn and gossan have been mapped and magnetic structures identified in earlier airborne surveys. Grounded electrodes were placed along strike of the geology and electrical current is injected directly into the ground. This current passes between the electrodes by preferentially channeling through the most conductive units. This generates a strong secondary magnetic field above these more conductive units as measured by the sensor that is towed by a UAV drone which enables SAM to deliver high-definition Total Magnetic Intensity and Magnetometric Conductivity data sets. The survey was completed on 40m spaced lines perpendicular to the strike of the geology. As can be seen in the preliminary data images below (Figure 6 & Figure 7) a significant conductor is centered on the survey area. This conductor could be caused by current channeling in a fault zone or conductive graphitic and/or sulphidic units or pyrrhotite which have been observed in the Granville East pit. One of the areas of interest is in the south where mapped skarn is flanking the conductor and a mapped gossan coincides with the peak of the conductor. Drilling is anticipated to commence once the SAM survey results are interpreted and additional targets confirmed on the ground — the next catalyst for the Granville project. 12 Figure 6 Image of TMI RTP 1VD from SAM survey highlighting the magnetic units (Red: highly magnetic units – Purple: weakly magnetic) Figure 7 Image of MagnetoMetric Conductivity from SAM survey highlighting the conductive units (Red: high conductivity - Purple: low conductivity 13 Uralla Gold Project5 Intrusive Related Gold System (IRGS) deposits are characterised by broad, disseminated gold mineralisation, breccias and stockworks hosted in and around intrusive bodies. A style associated with sizeable gold deposits globally that are mined and processed at attractive economies of scale, offering the potential for meaningful scale if replicated at Uralla. At surface, IRGS deposits are often expressed as vein-lode style mineralisation — consistent with what has been defined to date at Uralla. Lode’s systematic exploration program continues to deliver new gold intercepts, reinforcing this interpretation. Each follow up RC drill result from Uralla has returned additional gold intercepts, consistently associated with the structural and lithological features diagnostic of IRGS — including proximity to the Dyke Lode, Little Dyke Lode and Red Gum Lode prospects. Please see Table 6 and Figure 8, Figure 9 & Figure 10. Table 6 Recent follow-up scout RC drill results from the Uralla Gold Project Hole Fom To Interval Au Endowment Number (m) (m) (m) (g/t) (g/t.m) KTN018 24.0 33.0 9.0 1.00 9.02 incl. 31.0 33.0 2.0 1.92 KTN023 26.0 32.0 6.0 1.22 7.34 incl. 28.0 31.0 3.0 2.11 KTN027A 30.0 32.0 2.0 3.35 6.69 KTN025 16.0 20.0 4.0 1.51 6.03 incl. 17.0 19.0 2.0 2.53 KTN021 27.0 37.0 10.0 0.57 5.69 incl. 32.0 37.0 5.0 1.00 KTN031A 20.0 25.0 5.0 1.02 5.12 KTN026A 58.0 64.0 6.0 0.72 4.33 incl. 63.0 64.0 1.0 3.19 KTN017B 46.0 50.0 4.0 0.90 3.59 incl. 46.0 48.0 2.0 1.55 KTN036 7.0 18.0 11.0 0.31 3.46 incl. 13.0 17.0 4.0 0.57 KTN027B 64.0 69.0 5.0 0.50 2.52 KTN030 74.0 80.0 6.0 0.41 2.45 KTN031B 47.0 51.0 4.0 0.42 1.68 KTN028 43.0 46.0 3.0 0.53 1.59 KTN033 22.0 26.0 4.0 0.36 1.44 KTN017A 38.0 40.0 2.0 0.71 1.41 KTN044 43.0 46.0 3.0 0.45 1.35 KTN022 33.0 35.0 2.0 0.57 1.13 KTN043 22.0 25.0 3.0 0.35 1.05 KTN032 1.0 3.0 2.0 0.52 1.03 KTN026B 75.0 77.0 2.0 0.49 0.97 KTN034 34.0 37.0 3.0 0.32 0.97 KTN041 32.0 34.0 2.0 0.38 0.75 14 Previously reported intercepts from scout RC drilling at LDR’s Uralla Gold Project are shown in Table 7. Table 7 Previous scout RC drill results from the Uralla Gold Project1-8 Figure 8 Plan view of scout RC drill results at the Dyke Lode prospect – new results are shown in bold font Hole Fom To Interval Au Endowment Number (m) (m) (m) (g/t) (g/t.m) KTN001 5.0 12.0 7.0 0.65 4.54 incl. 5.0 7.0 2.0 1.32 KTN002 19.0 23.0 4.0 0.33 1.32 KTN003 9.0 14.0 5.0 0.42 2.12 KTN004 7.0 16.0 9.0 0.20 1.84 KTN005 9.0 19.0 10.0 1.32 13.15 incl. 9.0 14.0 5.0 2.49 KTN006 10.0 26.0 16.0 0.79 12.58 incl. 10.0 19.0 9.0 0.94 incl. 10.0 14.0 4.0 1.59 KTN007A 68.0 82.0 14.0 1.24 17.29 incl. 77.0 80.0 3.0 2.21 KTN007B 96.0 100.0 4.0 0.76 3.03 KTN010 12.0 27.0 15.0 2.09 31.38 incl. 15.0 22.0 7.0 3.65 incl. 16.0 18.0 2.0 5.83 KTN011 11.0 16.0 5.0 1.04 5.19 KTN012A 39.0 45.0 6.0 0.75 4.47 incl. 43.0 45.0 2.0 1.70 KTN012B 57.0 59.0 2.0 0.51 1.02 KTN013 106.0 111.4 5.4 0.58 3.11 incl. 110.0 111.4 1.4 1.72 KTN015 137.3 138.5 1.2 0.22 0.26 KTN021: 10.0m @ 0.57 g/t Au Incl. 5.0m @ 1.00 g/t Au KTN011: 5.0m @ 1.04 g/t Au KTN004: 9.0m @ 0.20 g/t Au KTN018: 9.0m @ 1.00 g/t Au Incl. 2.0m @ 1.92 g/t Au KTN012A: 6m @ 0.75 g/t Au Incl. 2.0m @ 1.70 g/t Au KTN013: 5.4m @ 0.58 g/t Au Incl. 1.4 m @ 1.72 g/t Au KTN017A: 2.0m @ 0.71 g/t Au KTN017B: 4.0m @ 0.90 g/t Au I l 2 0 @ 1 55 / A KTN010: 15.0m @ 2.09 g/t Au Incl. 7.0m @ 3.65 g/t Au Incl. 2.0m @5.83 g/t Au 15 Figure 9 Plan view of scout RC drill results at the Red Gum Lode prospect – new results are shown in bold font To date, shallow scout drilling has delineated vein-style mineralisation, where dilations along structures and associated felsic dykes host gold mineralisation — a style capable of generating medium-sized gold deposits. This vein style mineralisation together with several geochemical gold anomalies defined by deep soil auger sampling (as previously reported1-8 ) forms a broad circular feature which possibly represents a mineralised intrusive stock at depth and potentially the source of the gold mineralisation. See Figure 10, Figure 11 & Figure 12. Also supporting this mineralised intrusive stock at depth hypothesis is the zonation of pathfinder elements, particularly antimony. Antimony mineralisation is typically deposited at greater distances to the heat source of a mineralised intrusive pluton. This outer zonation is reflected in the geochemical antimony anomalism being more intense along structures radiating outward from the circular feature — a pattern consistent with an IRGS system. Blind plutons can act as both the source of gold bearing fluids for vein-style mineralisation and as the hosts for gold mineralisation within and along their boundaries. The area at the top of the pluton is known as a cupola structure where exsolved fluids accumulate in the apex and shoulder wall rock of the pluton. It is this style of mineralisation, more directly related to the pluton itself that has the potential to be a larger mineralised system. The more intense fracturing, focused fluid emplacement and greater volumes of rock affected by the mineralising process, relative to discrete vein systems — underpin the larger mineral system potential of this deposit model. Gold mineralisation can be present simultaneously in breccias, stockworks and disseminations within both intrusive rock and country rock. See Figure 12. KTN030: 6.0m @ 0.41 g/t Au KTN026A: 6.0m @ 0.72 g/t Au Incl. 1.0m @ 3.19 g/t Au KTN026B: 2.0m @ 0.49 g/t Au KTN027A: 2.0m @ 3.35 g/t Au KTN027B: 5.0 @ 0.50 g/t Au KTN007A: 14.0m @ 1.24 g/t Au Incl. 3.0m @ 2.21g/t Au KTN007B: 4.0m @ 0.76 g/t Au KTN006: 16.0m @ 0.79 g/t Au Incl. 9.0m @ 0.94 g/t Au Incl. 4.0m @ 1.59 g/t Au KTN005: 10.0m @ 1.32 g/t Au Incl. 5.0m @ 2.49 g/t Au KTN028: 3.0m @ 0.53 g/t Au 16 The interpreted circular feature potentially reflecting an intrusive stock at the Uralla Gold Project measures approximately 400m x 350m, and represents the primary target for testing the larger-scale IRGS potential at Uralla. Figure 10 Plan view of scout drill results at the Uralla Gold Project – new results in bold font. Background shows previously reported gold assay gridded image and contouring of 1,192 auger drill holes Circular feature potentially representing an intrusive stock at depth Little Gracie Lode Prospect Hole Fom To Interval Au Number (m) (m) (m) (g/t) KTN025 16.0 20.0 4.0 1.51 incl. 17.0 19.0 2.0 2.53 KTN033 22.0 26.0 4.0 0.36 KTN034 34.0 37.0 3.0 0.32 Little Dyke Prospect Hole Fom To Interval Au Number (m) (m) (m) (g/t) KTN022 33.0 35.0 2.0 0.57 KTN023 26.0 32.0 6.0 1.22 incl. 28.0 31.0 3.0 2.11 Red Gum Lode Prospect Hole Fom To Interval Au Number (m) (m) (m) (g/t) KTN005 9.0 19.0 10.0 1.32 incl. 9.0 14.0 5.0 2.49 KTN006 10.0 26.0 16.0 0.79 incl. 10.0 19.0 9.0 0.94 incl. 10.0 14.0 4.0 1.59 KTN007A 68.0 82.0 14.0 1.24 incl. 77.0 80.0 3.0 2.21 KTN007B 96.0 100.0 4.0 0.76 KTN026A 58.0 64.0 6.0 0.72 incl. 63.0 64.0 1.0 3.19 KTN026B 75.0 77.0 2.0 0.49 KTN027A 30.0 32.0 2.0 3.35 KTN027B 64.0 69.0 5.0 0.50 KTN028 43.0 46.0 3.0 0.53 KTN030 74.0 80.0 6.0 0.41 KTN031A 20.0 25.0 5.0 1.02 KTN031B 47.0 51.0 4.0 0.42 KTN032 1.0 3.0 2.0 0.52 Dyke Lode Prospect Hole Fom To Interval Au Number (m) (m) (m) (g/t) KTN003 9.0 14.0 5.0 0.42 KTN004 7.0 16.0 9.0 0.20 KTN010 12.0 27.0 15.0 2.09 incl. 15.0 22.0 7.0 3.65 incl. 16.0 18.0 2.0 5.83 KTN011 11.0 16.0 5.0 1.04 KTN012A 39.0 45.0 6.0 0.75 incl. 43.0 45.0 2.0 1.70 KTN012B 57.0 59.0 2.0 0.51 KTN013 106.0 111.4 5.4 0.58 incl. 110.0 111.4 1.4 1.72 KTN017A 38.0 40.0 2.0 0.71 KTN017B 46.0 50.0 4.0 0.90 incl. 46.0 48.0 2.0 1.55 KTN018 24.0 33.0 9.0 1.00 incl. 31.0 33.0 2.0 1.92 KTN021 27.0 37.0 10.0 0.57 incl. 32.0 37.0 5.0 1.00 17 Figure 11 Plan view of scout drill results at the Uralla Gold Project – new results in bold font. Background shows previously reported antimony assay data and contouring of 1,192 auger drill holes Dyke Lode Prospect Hole Fom To Interval Au Number (m) (m) (m) (g/t) KTN003 9.0 14.0 5.0 0.42 KTN004 7.0 16.0 9.0 0.20 KTN010 12.0 27.0 15.0 2.09 incl. 15.0 22.0 7.0 3.65 incl. 16.0 18.0 2.0 5.83 KTN011 11.0 16.0 5.0 1.04 KTN012A 39.0 45.0 6.0 0.75 incl. 43.0 45.0 2.0 1.70 KTN012B 57.0 59.0 2.0 0.51 KTN013 106.0 111.4 5.4 0.58 incl. 110.0 111.4 1.4 1.72 KTN017A 38.0 40.0 2.0 0.71 KTN017B 46.0 50.0 4.0 0.90 incl. 46.0 48.0 2.0 1.55 KTN018 24.0 33.0 9.0 1.00 incl. 31.0 33.0 2.0 1.92 KTN021 27.0 37.0 10.0 0.57 incl. 32.0 37.0 5.0 1.00 Red Gum Lode Prospect Hole Fom To Interval Au Number (m) (m) (m) (g/t) KTN005 9.0 19.0 10.0 1.32 incl. 9.0 14.0 5.0 2.49 KTN006 10.0 26.0 16.0 0.79 incl. 10.0 19.0 9.0 0.94 incl. 10.0 14.0 4.0 1.59 KTN007A 68.0 82.0 14.0 1.24 incl. 77.0 80.0 3.0 2.21 KTN007B 96.0 100.0 4.0 0.76 KTN026A 58.0 64.0 6.0 0.72 incl. 63.0 64.0 1.0 3.19 KTN026B 75.0 77.0 2.0 0.49 KTN027A 30.0 32.0 2.0 3.35 KTN027B 64.0 69.0 5.0 0.50 KTN028 43.0 46.0 3.0 0.53 KTN030 74.0 80.0 6.0 0.41 KTN031A 20.0 25.0 5.0 1.02 KTN031B 47.0 51.0 4.0 0.42 KTN032 1.0 3.0 2.0 0.52 Circular feature potentially representing an intrusive stock at depth Little Gracie Lode Prospect Hole Fom To Interval Au Number (m) (m) (m) (g/t) KTN025 16.0 20.0 4.0 1.51 incl. 17.0 19.0 2.0 2.53 KTN033 22.0 26.0 4.0 0.36 KTN034 34.0 37.0 3.0 0.32 Little Dyke Prospect Hole Fom To Interval Au Number (m) (m) (m) (g/t) KTN022 33.0 35.0 2.0 0.57 KTN023 26.0 32.0 6.0 1.22 incl. 28.0 31.0 3.0 2.11 18 Figure 12 Potential mineralisation model for the Uralla Gold Project with two styles of gold mineralisation emplacement shown Tenements – September Quarter 2026 Project Tenements as at 30 June 2026 Tenements acquired during the quarter Tenements disposed during the quarter Tenements as at 30 September 2026 % Interest Units Area (km2 ) Type of Tenements Uralla EL8980 - - EL8980 100 80 237Exploration Uralla West EL9087 - - EL9087 100 22 65Exploration Fender EL9003 - - EL9003 100 76 224Exploration Tea Tree EL9084 - - EL9084 100 24 71Exploration Thor EL9085 - - EL9085 100 78 231Exploration Sandon EL9319 - - EL9319 100 273 809Exploration NE Antimony EL9662 - - EL9662 100 399 1,105Exploration Montezuma 2M-2023 - - 2M-2023 100 0.05 Mining Montezuma EL7-2019 - - EL7-2019 100 4Exploration Montezuma EL2-2020 - - EL2-2020 100 84Exploration Silver Hills EL6/2025 - - EL6/2025 100 71Exploration Granville 2M-2018 - - 2M-2018 100 0.78 Mining Granville 32M-1988 - - 32M-1988 100 0.01 Mining Granville EL9-2019 - - EL9-2019 100 91Exploration 3,200 Gold mineralisation in associated veins and pipes – medium deposit potential Dyke Lode, Red Gum Lode, Little Gracie Lode, etc. Gold mineralisation associated intrusive cupola structures – large deposit potential Potential future exploration focus 19 *1 Under renewal Competent Person’s Statements The information in this Report that relates to Exploration Results for LDR’s NSW projects is based on information compiled by Mr Mitch Tarrant, who is a Member of the Australian Institute of Geoscientists. The information in this market announcement is an accurate representation of the available data for LDR’s NSW projects. Mr Tarrant, who is an independent consultant geologist and project man