• Focused on desktop technical work and internal analysis to assess asset alignment and establish priorities
• Option agreement with EAU Lithium Pty Ltd extended by mutual agreement
• Next steps include progressing technical and commercial workstreams to support the next phase of activity

During the quarter, Cosmos Exploration undertook desktop technical review and internal analysis across its Australian and Canadian asset base. This work focused on reviewing the role and relative merit of each asset within the portfolio and determining where future effort and capital should be prioritised. Field-based exploration activities were not undertaken during the period due to seasonal constraints across the company's project areas. The quarter was used to progress portfolio review and planning activities, ensuring all project interests remain in good standing. During the period, the company also agreed to a three-month extension of its option agreement with EAU Lithium Pty Ltd. This work supports a focused allocation of effort and capital across the company's asset portfolio, aligned with its technical capabilities and future long-term objectives. The next steps include progressing technical and commercial workstreams to support the next phase of activity across the company's priority assets, and continuing prioritisation and execution planning, subject to timing, approvals, and funding considerations.