Quarterly Activities/Appendix 5B Cash Flow Report

• Launch of Isaac Energy Hub, a unique energy asset to support Queensland's energy transition
• Successful overhaul and commissioning of Townsville Power Station
• Feasibility study results for 112MW Isaac Power Station Stage 1

Queensland Pacific Metals Ltd (QPM) has reported on its activities during the June 2025 quarter. Key highlights include the launch of the Isaac Energy Hub, a unique energy asset that will deliver flexible, controlled electricity generation and long duration energy storage to support Queensland's energy transition. The Isaac Power Station Stage 1, with a capacity of 112MW, has completed a feasibility study demonstrating attractive financial projections. QPM has also secured 2 x 55.8MW gas turbines from GE Vernova under a fixed price contract, significantly de-risking the development timeframe. During the quarter, a major overhaul of the Townsville Power Station was undertaken, with the gas turbine successfully operating at full load and generating 5,329MWh over 4 consecutive starts. Upon completion of final commissioning, dispatch control will be handed over to QPM under a new Dispatch Agreement. QPM has also completed a strongly supported Share Placement and Share Purchase Plan, with a current cash and cash equivalents balance of $20.2m. The company continues to progress key workstreams for the Isaac Power Station, including grid connection, regulatory approvals, funding, and preliminary civil works.