• Executes binding Underground Mining Contract with HMR Drilling Services
• Secures provision of underground mining development and production services
• Contract term of 3 years with option to extend by 12 months

Group 6 Metals Limited ('G6M' or the 'Company') has executed a binding Underground Mining Contract with HMR Drilling Services Pty Ltd ('HMR') for the Dolphin Tungsten Mine on King Island, Tasmania. The contract secures the provision of underground mining development and production services to support the next phase of operations at the Dolphin Tungsten Project. This is a major milestone for the Company as it secures a long-term contractor arrangement critical to the development and future success of the Dolphin Tungsten Project. The contract establishes the framework under which underground mining activities will be undertaken, including the allocation of operational responsibilities, performance obligations, pricing mechanisms and payment security arrangements. The terms of the contract are consistent with market practice for Australian underground mining contracts and do not contain any conditions or termination provisions that are unusual for an agreement of this nature. Key contract terms include an initial three-year term from commencement, with G6M having the option to extend the contract by up to 12 months, monthly invoicing with standard commercial payment terms, and rates fixed to June 2027 with index-based adjustments thereafter. The contract value is estimated to be approximately $110 - $120 million. Securing this underground mining contract represents a significant step forward in de-risking the development pathway for the Dolphin Tungsten Project and advancing the project toward sustained underground operations. HMR Drilling Services is a highly experienced underground mining contractor with a strong safety and operational track record, and its appointment provides G6M with capable execution strength as the Company transitions into the next phase of mine development.

As G6M transitions to underground mining, the Company will continue to process its significant ore stockpiles, which will begin to be supplemented with high-grade underground ore in coming months. Preparations for the commencement of underground mining are well underway, with critical long lead-time capital and consumable items either already having been ordered or having arrived on site.