Quarterly Activities Report

• Quarterly production of 108,693 ounces of gold and 177 tonnes of copper
• Record annual production of 453,519 ounces gold and 1,067 tonnes copper
• Deflector achieved record annual production of 138,649 ounces gold and 1,067 tonnes copper

During the quarter, the newly consolidated operations of Red 5 continued to perform well, with all three operations meeting or exceeding their respective FY24 guidance ranges. The company's gold production for the quarter was 108,693 ounces gold equivalent, with sales of 110,818 ounces gold and 165 tonnes copper at an average gold sales price of A$3,175/oz. For the full year, gold production was 457,497 ounces gold equivalent with sales of 455,259 ounces gold and 1,037 tonnes copper at an average gold sales price of A$2,932/oz. The Deflector operation achieved record annual production of 138,649 ounces gold and 1,067 tonnes copper, with quarterly gold sales of 34,883 ounces and 165 tonnes copper at an AISC of A$1,626/oz. The Mount Monger operation produced 21,802 ounces for the quarter, with FY24 production of 98,788 ounces at an AISC of A$2,176/oz. The King of the Hills operation produced 52,780 ounces for the quarter, with record annual production of 210,940 ounces at an AISC of A$2,043/oz.The company ended the quarter with cash and bullion of $453.7 million, and following the quarter end, repaid in full the King of the Hills Senior Secured Project Loan Facility, leaving Red 5 with no corporate debt. The company retains a strong balance sheet with sector-leading financial flexibility to optimize operations and pursue growth opportunities.

FY25 sales, cost and capital expenditure guidance will be provided with the release of the FY24 financial results in August.

The company will continue to focus on the integration and optimization of the business and operations through harnessing the enhanced technical capability of the combined teams. Ongoing exploration and development activities are expected to advance potential new mining fronts and increase operational flexibility and life of mine.