December 2025 Quarterly Activities Report

• Nil Lost Time Injuries recorded during the Quarter
• Quarterly Group gold production of 45,610 ounces at an AISC of A$1,977/oz
• Ramelius announces A$250M share buyback program and increase in minimum dividend to 2 cents per share per annum

Ramelius Resources Ltd released its December 2025 Quarterly Activities Report, highlighting key operational and financial achievements. The quarter saw no lost time injuries recorded, with quarterly group gold production of 45,610 ounces at an AISC of A$1,977/oz. The company maintained its FY26 production guidance. Development activities continued at the Never Never underground and open pit mines at Dalgaranga, with 16kt of development ore mined at a grade of 3.52g/t. At Mt Magnet, the integration study was released, outlining plans for a single upgraded and expanded processing plant to treat both Mt Magnet and Dalgaranga ores. The Rebecca-Roe Gold Project Definitive Feasibility Study was also released, with the Ramelius Board obtaining Financial Investment Decision subject to environmental permitting. Ramelius announced a A$250M share buyback program and an increase in the minimum dividend to 2 cents per share per annum for FY26 and FY27, as part of its capital allocation priorities. The quarter saw a final FY25 dividend payment of A$95.7M and the final large one-off income tax payment for FY25 of A$118.2M.

FY26 production and cost guidance maintained as per previous announcements.