• No Lost Time Injuries recorded during the quarter, improving TRIFR from 5.15 to 3.97
• Approximately 1Mt total material moved during the quarter across multiple active mining fronts
• May delivered the strongest operating performance since restart, with 77.6kt milled and 73.6klb U3O8 produced
• Production temporarily suspended on June 10 due to sulphuric acid supply and delays to acid plant commissioning
• Post quarter end, announced a Strategic Funding Package to improve financial position

Lotus Resources Limited reported its quarterly activities for the quarter ended 30 June 2026, highlighting operational progress and financial updates. Safety performance remained strong with no Lost Time Injuries recorded, and the Total Recordable Injury Frequency Rate improved from 5.15 to 3.97. Mining performance was stable, with approximately 1Mt of total material moved during the quarter. May saw the strongest operating performance since restart, with 77.6kt milled and 73.6klb U3O8 produced. However, production was temporarily suspended on June 10 due to sulphuric acid supply issues and delays in acid plant commissioning. Post-quarter, the company announced a Strategic Funding Package comprising an underwritten entitlement offer, convertible notes, and an inventory-backed prepayment facility to improve its financial position.

Lotus Resources expects to resume production in the coming weeks, with further updates on financial guidance to be provided.

The company remains focused on restoring operations, progressing toward sustainable steady-state production, and advancing its strategic funding initiatives to enhance financial stability.