1st Q 25/26 Quarterly Activities/Annexure 5B Cashflow Report

• Discussions with Reliance Industries on ISG/UCG implementation in India
• Ongoing activities for NeuRizer Urea Project (NRUP) Stage 1
• Continued research and studies on other potential opportunities for Leigh Creek coal field site

NeuRizer Ltd has submitted its Quarterly Activities Report and Quarterly Cash Flow Statement for the quarter ending 30 September 2025. Key highlights include:- The company is now in discussions exclusively with Reliance Industries limited on is working with them on a monthly basis assessing possible suitable locations for ISG/UCG, gap analysis on capability requirements and general ISG/ procedures. It is hoped that both parties will be able to come to a final agreement on how to implement ISG in India in the next few months.- The company's shares continue to be suspended from trading on the Australian Securities Exchange (ASX) as it focuses on submitting the overdue interim report and working with its auditor to lodge the required annual audited accounts.- For the NeuRizer Urea Project (NRUP) Stage 1, the company has conducted various activities such as groundwater monitoring, site maintenance, air and water quality monitoring, and ongoing preservation of the Pre-Commercial Demonstration (PCD) plant. It has also been compiling and completing the Environmental Impact Statement (EIS) responses for NRUP Stage 1.- The company has continued various studies into other potential opportunities for the Leigh Creek coal field site, including solar power generation with batteries, pumped hydro, and site revegetation.- The company has co-authored two research papers on modelling the growth of underground gasifiers and the potential subsidence associated with underground gasifiers, which will be utilized for NRUP Stage 1 and Stage 2.- The company's cash position at the end of the quarter was $378,000, with net cash used in operating activities of $506,000 and net cash used in investing activities of $49,000 during the quarter.