September Quarterly Report and Appendix 5B

• Maiden RC drilling commenced at Chikundo Copper Project
• Default Notice over Chilalo Graphite Project's Mining Licence lifted
• Chilalo graphite concentrate achieved 99.99% carbon under EU-funded STREAMS programme

Evolution Energy Minerals Limited (ASX:EV1) reported on its activities for the quarter ended 30 September 2026. The company commenced maiden reverse circulation (RC) drilling at its Chikundo Copper Project in southern Tanzania. The RC drilling program comprises 17 holes for approximately 3,350 metres, with chalcopyrite, a copper sulphide mineral, visually identified in two of the first three holes. The Mining Commission of Tanzania lifted the Default Notice over the Mining Licence for the flagship Chilalo Graphite Project, acknowledging the company's targeted first production date of October 2027. Additionally, Chilalo concentrate was upgraded to 99.99 wt.% carbon under the EU-funded STREAMS programme, positioning the company as the sole supplier of mined natural graphite to the programme. The company also completed further product test work demonstrating the potential of Chilalo graphite in high-value downstream markets.