Announcement PDF INFINI RESOURCES LIMITED ACN 656 098 583 CONSOLIDATED HALF YEAR FINANCIAL REPORT For the half year ended 31 December 2025 CORPORATE INFORMATION DIRECTORS Dr David Pevcic Non-Executive Chairman Mr Faheem Ahmed Non-Executive Director Dr Andrew Wilde Non-Executive Director Ms Pamela Naidoo-Ameglio Non-Executive Director OFFICERS Mr Rohan Bone Chief Executive Officer Mr Paul Hughes Chief Financial Officer Mr Harry Spindler Company Secretary AUDITORS HLB Mann Judd Level 4 130 Stirling Street Perth WA 6000 SHARE REGISTRY Automic Registry Services Level 5 126 Phillips Street Sydney NSW 2000 Tel: (02) 9698 5414 AUSTRALIAN SOLICITORS Hamilton Locke Pty Ltd Level 48, 152-158 St Georges Terrace Perth WA 6000 CANADIAN SOLICITORS Osler, Hoskin & Harcourt LLP 1055 West Hastings Street Suite 1700 Vancouver BC V6E 2E9 REGISTERED OFFICE Level 50 108 St Georges Terrace Perth WA 6000 PRINCIPAL PLACE OF BUSINESS Level 50 108 St Georges Terrace Perth WA 6000 SECURITIES EXCHANGE LISTING ASX Limited 20 Bridge Street Sydney NSW 2000 ASX Code – I88 CONTACT US T: +61 8 6166 6361 E: info@infiniresources.com.au W: infiniresources.com.au 1 CONTENTS Page Directors’ Report 2 Auditors’ Independence Declaration 8 Consolidated Statement of Comprehensive Income 9 Consolidated Statement of Financial Position 10 Consolidated Statement of Cash Flow 11 Consolidated Statement of Changes in Equity 12 Notes to the Consolidated Financial Statements 13 Director’s Declaration 23 Independent Auditor's Review Report 24 2 DIRECTORS’ REPORT The Directors present their report together with the financial report of Infini Resources Limited (ASX: I88, “Infini” or the “Company”) and its controlled entities (collectively referred as “Consolidated Entity”) for the half year ended 31 December 2025. All amounts are presented in Australian Dollars (AUD$), unless noted otherwise. In order to comply with the provisions of the Corporations Act 2001, the Directors report as follows: Directors The following persons were Directors of the Company during the half year and up to the date of this report: Appointed Resigned David Pevcic 16 December 2021 - Robert Martin 24 February 2023 30 September 2025 Andrew Wilde 29 January 2024 - Faheem Ahmed 30 September 2025 - Pamela Naidoo-Ameglio 16 December 2025 - Dividends Paid or Recommended No dividend was paid or declared for the half year. Principal Activities The Company’s is focused on identification of geological opportunities and exploration for uranium and lithium, and other minerals. During the half year, Infini was primarily focused on the exploration and evaluation of mineral projects in Western Australia and Canada. Significant Changes in State of Affairs There were no other significant changes in the state of affairs of the Company during the financial period, other than as set out in this report. Review of Operations & Financial Results The Company has incurred a total comprehensive loss of $3,136,757 (2024: $1,038,057) for the half year ended 31 December 2025 and as at 31 December 2025, held cash and cash equivalents of $11,956,233 (30 June 2025: $618,041). The principal activity of the Company during the period was mineral exploration, with a primary focus on energy minerals (uranium and lithium) and other critical minerals in Canada and Australia. Activities included advancing exploration programs across its project portfolio, together with the evaluation of strategic opportunities to strengthen and consolidate the Company’s land position. This resulted in the expansion of the Portland Creek project footprint through additional staking (102 km²) and acquisition (77 km²). The Company’s Uranium Interests include: • 100% interest in the Portland Creek Uranium Project, located in Newfoundland, Canada. The Project spans approximately 328 km² and lies within the Precambrian Long-Range Complex of the Humber Tectonic-Stratigraphic Zone. The geology comprises metaquartzites and paragneisses intruded by leucocratic granites, interpreted to have been thrust westward over Paleozoic carbonate-dominant sediments. 3 The Project area covers a large regional uranium anomaly first identified in the 1970s through a Newfoundland Government lake sediment sampling program. Historically, one uranium showing was recorded in the Newfoundland Mineral Deposit Index, returning up to 2,180 ppm U₃O₈. A compilation of historic and recent exploration data has subsequently delineated a ~6 km zone of anomalous uranium and radon gas in lake sediments, soils and airborne radiometric surveys. This anomalous corridor closely follows a prominent fault scarp marking the edge of a granitic plateau interpreted as a deep-seated structural feature. Since listing, the Company has verified historical uranium anomalies and completed systematic soil sampling over the Falls Lake Prospect (formerly the Talus Prospect), defining an approximately 800m by 100m high-grade uranium soil anomaly with a peak value of 74,997 ppm U₃O₈. This anomaly is located down-ice and west of a 1.5 km radiometric anomaly. An additional 500m wide cluster of elevated soil results, including a peak of 1,500 ppm U₃O₈, has been identified approximately 3 km south from the Talus Prospect, further supporting the scale of the mineralised system. The Company recently completed a Phase 2 diamond drilling program comprising 5,310 metres across 17 drillholes, systematically testing structural, geochemical and geophysical targets along the 6 km corridor. Drilling confirmed uranium mineralisation, including visible uranium and elevated uranium readings across multiple holes and multiple targets, together with associated polymetallic pathfinders (molybdenum, zinc and copper), reinforcing the interpretation of a structurally controlled hydrothermal uranium system. • 100% interest in Reynolds Lake and Reitenbach Lake Projects, located in Saskatchewan, Canada. The contiguous projects comprise 22 mineral claims covering a combined 766 km² on the eastern outboard margin of the Athabasca Basin. The tenure is bisected by the crustal-scale Needle Falls Shear Zone, a major structural corridor separating the Wollaston and Peter Lake Domains and is considered prospective for both unconformity-hosted and basement-hosted uranium mineralisation. Since acquiring the projects in H1 CY2025, the Company has conducted systematic exploration programs comprising airborne geophysics, geological mapping, prospecting, soil and rock-chip sampling. A total of 773 soil samples and 183 rock-chip samples were collected across Phase 1 and Phase 2 field campaigns, confirming high-grade uranium mineralisation at surface at the Titus Prospect (1.90% U₃O₈) and identifying additional elevated results up to 3,844 ppm U₃O₈ across structurally controlled corridors. Integration of geophysical, geochemical and structural datasets has defined a coherent ~15 km × 3 km prospective corridor and delineated approximately 80 km of EM conductors across the broader project area. • Tinco Uranium-Niobium Project (75% Tinco North, 100% Tinco South), located in Saskatchewan, Canada. The project is located approximately 100 km south of the southern margin of the Athabasca Basin and is underlain by the Mudjatik Domain, comprising predominantly Archean granitoid felsic gneisses interpreted as basement to narrow, arcuate to closed supracrustal belts of sedimentary and volcanic origin. Previous geological mapping has identified lenses of radioactive pegmatite up to 1.5 m in width while historical outcropping grab samples on the property grade up to 600ppm U3O8 and 0.5% Nb. The project remains untested by drilling and represents a structurally prospective uranium–niobium target within the broader Athabasca region. • 100% interest in Des Herbiers Uranium Deposit, located in Quebec, Canada. The project comprises 66 non-contiguous claims covering 36.25 km² within the Grenville Province of the Canadian Shield. The tenure is underlain by biotite-rich granitic rocks, quartzites and quartzo- feldspathic gneisses derived from strongly metamorphosed sandstones and arkoses, together with amphibole-rich gabbros and gneisses. Regional structural trends are predominantly north to northwest and characterised by large-scale curvilinear folding. Historical exploration and drilling have delineated extensive low-grade, near-surface uranium mineralisation, supporting a combined JORC 2012 Inferred Mineral Resource of 162 Mt @ 123 ppm U₃O₈. In addition, 17 priority exploration targets have been identified and remain untested. The project represents a significant uranium inventory with further exploration upside, providing long-term optionality to improving uranium market and jurisdictional conditions. 4 • 100% interest in the Yeelirrie North Uranium Project, located in Western Australia. The project comprises granted and pending exploration licences covering approximately 329 km², expanding to ~746 km² upon grant. The project is located within the Yeelirrie uranium district in the Northern Goldfields and consolidates control over a substantial portion of the Yeelirrie palaeodrainage system, immediately adjacent to Cameco’s Yeelirrie Uranium Deposit. Multiple palaeodrainage targets remain undrilled, supported by coincident airborne radiometric anomalies, providing further exploration potential. • 100% interest in the Bellah Bore East Uranium Project, located in Western Australia. The project covers an area of 92.67 hectares and is located within the Yeelirrie North uranium project. Historical exploration, including approximately 2,500 metres of drilling completed in 2006–2007, confirmed calcrete-hosted uramium deposit within palaeochannel system. A historical JORC 2004 Inferred Mineral Resource of 350,000 tonnes @ 210 ppm U₃O₈ (approximately 160,000 pounds U₃O₈) has been reported and requires validation and re-estimation under JORC 2012 standards. The project represents a near-surface uranium redevelopment opportunity within an established uranium district. The Company’s Lithium Interests include: • 100% interest in Paterson Lake Lithium Project, located in Ontario, Canada. This project is located within the highly prospective Archean Separation Lake Greenstone Belt of the Superior Province and contains a large distribution of lithium bearing pegmatites. High grade outcrop grab samples have obtained up to 4.43% Li2O2. • 50% interest in Valor Lithium Project, located in Quebec, Canada. This project covers an area of ~125km2 over the Archean Preissac Lacorne batholith, a syn- to post-tectonic intrusion that was emplaced in the Southern Volcanic Zone of the Abitibi Greenstone Belt of the Superior Province of Québec and is prospective for spodumene and molybdenum bearing pegmatites. Summary of activities during H1 FY2026 Portland Creek Uranium Project (Newfoundland, Canada) • Completed a Phase 2 diamond drilling program comprising 5,310 metres across 17 drillholes, testing priority structural, geochemical and geophysical targets along a ~6 km prospective corridor. • Drilling intersected visible uranium mineralisation and elevated uranium spot pXRF readings across multiple holes and multiple targets supporting interpretation of a multi-kilometre structurally controlled uranium system. • Identified uranium mineralisation is predominantly hosted within fractures, breccias and cavity zones in intensely altered granites, with associated polymetallic pathfinder elements (Mo, Zn, Cu), consistent with a hydrothermal uranium system. • Logged, photographed and sampled all Phase 2 drill core, with samples submitted for laboratory assay (first batch of assay results received and released on the 9th February 2026). • Expanded the project footprint on two occasions during the reporting period, increasing total landholding by over 120% and securing interpreted extensions of key structural corridors, radiometric anomalies and prospective host lithologies. • Completed integration of geological, geochemical and geophysical datasets across the expanded tenure to refine targeting for planned follow-up drilling in H2 CY2026. 5 Reynolds Lake and Reitenbach Lake Uranium Projects (Saskatchewan, Canada) • Completed a Phase 1 field program across both Reynolds and Reitenbach Lake projects comprising reconnaissance geological mapping, soil sampling, rock-chip sampling and scintillometer surveying, with 773 soil samples and 148 rock-chip samples collected. • Identified outcropping uraninite mineralisation at surface at the Titus Prospect (Reitenbach Lake), confirming primary uranium mineralisation within the project area. • Received Phase 1 assay results confirming high-grade uranium mineralisation, including a peak rock-chip result of 18,986 ppm U₃O₈ (1.90% U₃O₈), validating the Company’s exploration model. • Completed a Phase 2 follow-up field program, including additional geological mapping and targeted rock-chip sampling (35 additional samples), extending the footprint of anomalous uranium mineralisation. • Confirmed spatial association between anomalous uranium results, EM conductors, radiometric anomalies and interpreted structural corridors, strengthening the case for unconformity-hosted and basement-hosted uranium potential. • Progressed planning for a maiden drill program planned for Q2 CY2026, with integration of assay results and geophysical interpretation supporting final target definition. Des Herbiers Uranium Deposit (Québec, Canada) • No new work completed during the reporting period. Bellah Bore East Uranium Deposit (Western Australia) • No new work completed during the reporting period. Yeelirrie North Uranium Project (Western Australia) • No new work completed during the reporting period. Tinco Uranium-Niobium Project (Saskatchewan, Canada) • No new work completed during the reporting period. Paterson Lake Lithium Project (Ontario, Canada) • No new work completed during the reporting period. Valor Lithium Project (Québec, Canada) • No new work completed during the reporting period. Corporate • C$2.63 million (approximately A$3.0 million) flow-through share placement (before costs) via the issue of 14.8 million fully paid ordinary shares at C$0.1774 (A$0.2052) per share under the Canadian flow-through regime (“Flow-Through Shares”), representing a 52.8% premium to the 5- day VWAP, with funds committed to Phase 2 drilling and qualifying exploration expenditure at the Portland Creek Uranium Project. • A$12 million capital raising (before costs) comprising a C$10.0 million (approximately A$11.05 million) flow-through share placement via the issue of 14.74 million fully paid ordinary shares at C$0.6787 (A$0.75) per share (“Flow-Through Shares”), representing a 34% premium to the last traded price, together with a concurrent A$1.0 million placement to sophisticated and professional 6 investors at A$0.50 per share, with proceeds to fund expanded drilling at Portland Creek and an inaugural drilling program at Reynolds Lake and Reitenbach Lake. • The Company elected to relinquish the Pegasus and Parna (FY25) projects, located in Western Australia, as part of a strategic portfolio rationalisation, prioritising exploration focus and capital allocation toward its core assets. Significant Events After Balance Date Subsequent to the half year end the following key events have occurred: • 6 January 2026: Release of shares and unlisted options from escrow • 12 January 2025: The Company staked three additional mineral claims contiguous with its existing Reitenbach Lake Uranium Project in northern Saskatchewan, Canada. Expanding the project footprint of Reitenbach Lake by 31%. • 29 January 2026: the Company completed the acquisition of Mineral Licences 036831M and 036832M, located immediately south of the Company’s flagship Portland Creek Uranium Project in Newfoundland, Canada, as previously announced on 24 December 2025. Consideration for comprised AUD$50k cash and 1.46m shares valuing total acquisition of AUD$350k. • 9 February 2026: The Company released the first batch of assay results from the Phase 2 drilling program at the Portland Creek Uranium Project in Newfoundland, Canada. These results confirmed initial observations of visible uranium mineralisation identified during drilling and potential for a multi-kilometre structurally controlled uranium system. • 21 February 2026: The Company relinquished the Boulding Lake tenements due to continued optimisation of the project portfolio and a strategic prioritisation of capital toward its higher-priority uranium projects. The project had a carrying value of: $698,425. Other than those matters noted above and in this report, no other material matters or circumstances have arisen since the end of the half year which significantly affected or may significantly affect the operations of the Company, the results of those operations, or the state of affairs in future financial periods. Likely Future Developments The Company intends to undertake appropriate exploration and evaluation activities sufficient to maintain tenure of its exploration licences, as well as determine the technical prospectivity of the projects, until such time that informed decisions can be made in order to commercially exploit or relinquish them. Compliance Statement This report contains information regarding the Des Herbiers Mineral Resources Estimate extracted from the Company’s Prospectus dated 30 November 2023 and released to the ASX market announcements platform on 10 January 2024, reported in accordance with the 2012 edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (“JORC Code”). The Company confirms that it is not aware of any new information or data that materially affects the information included in any original announcement and that all material assumptions and technical parameters underpinning the estimates in the original market announcement continue to apply and have not materially changed. The original market announcements are available to view on www.infiniresources.com.au and www.asx.com.au. This announcement contains information on the Portland Creek Project extracted from ASX market announcements dated 10 January 2024, 15 January 2024, 29 January 2024, 19 February 2024, 3 May 2024, 28 May 2024, 1 July 2024, 10 July 2024, 22 July 2024, 14 October 2024, 23 December 2024, 30 January 2025, 26 March 2025, 4 July 2025, 14 July 2025, 28 July 2025, 4 July 2025, 12 July 2025, 28 July 2025, 3 September 2025, 9 October 2025, 13 October 2025, 21 November 2025, 12 December 2025, 24 December 2025 and 9 February 2026 reported in accordance with the 2012 JORC Code. This announcement contains information on the Company’s Reynolds Lake, Reitenbach Lake and Boulding Lake Projects extracted from market announcement released to the ASX market announcements platform on 25 February 2025, 2 June 2025, 19 July 2025, 24 July 2025, 19 August 2025, 8 September 7 2025, 22 September 2025, 2 October 2025, 3 October 2025, 26 November 2025 and 23 December 2025, 12 January 2026, 19 January 2026, 28 January 2026 reported in accordance with the 2012 JORC Code. This announcement contains information on the Company’s Des Herbiers Project extracted from market announcement released to the ASX market announcements platform on 10 January 2024 and 13 June 2024 reported in accordance with the 2012 JORC Code. This announcement contains information on the Company’s Yeelirrie North Uranium and Bellah Bore Eat Uranium Projects extracted from market announcement released to the ASX market announcements platform on 10 January 2024, 8 April 2024 and 3 June 2024 reported in accordance with the 2012 JORC Code. This announcement contains information on the Company’s Tinco Uranium Projects extracted from market announcement released to the ASX market announcements platform on 10 January 2024, reported in accordance with the 2012 JORC Cod). This announcement contains information on the Company’s Patterson Lake Lithium Project extracted from market announcement released to the ASX market announcements platform on 10 January 2024, 6 February 2024 and 26 February 2024 reported in accordance with the 2012 JORC Code. This announcement contains information on the Company’s Valor Lithium Project extracted from market announcement released to the ASX market announcements platform on 10 January 2024 and 3 May 2024 reported in accordance with the 2012 JORC Code. The original market announcements are available to view on www.infiniresources.com.au and www.asx.com.au. The Company is not aware of any new information or data that materially affects the information included in the original market announcement. Auditor Independence and Audit Services Section 307C of the Corporations Act 2001 requires our auditors, HLB Mann Judd, to provide the Directors of the Company with an Independence Declaration in relation to the review of the financial report. This Independence Declaration (Page 8) is set out in the part of this Directors’ Report for the half year ended 31 December 2025. This report is made in accordance with a resolution of the Board of Directors. ______________________________ Non-Executive Director Dr David Pevcic Dated: 12 March 2026 8 AUDITOR’S INDEPENDENCE DECLARATION As lead auditor for the review of the consolidated financial report of Infini Resources Limited for the half-year ended 31 December 2025, I declare that to the best of my knowledge and belief, there have been no contraventions of: a) the auditor independence requirements of the Corporations Act 2001 in relation to the review; and b) any applicable code of professional conduct in relation to the review. Perth, Western Australia 12 March 2026 N G Neill Partner 9 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE HALF YEAR ENDED 31 DECEMBER 2025 31 Dec 2025 31 Dec 2024 $ $ Note Other Income 2 1,396,539 - Exploration expenditure (14,960) (34,636) Compliance and regulatory expenses (368,276) (132,830) Consulting and professional fees 3 (78,982) (121,306) Other expenses (195,235) (204,730) Employees benefits expense 3 (383,253) (395,384) Share based payments 10 (12,730) (285,358) Depreciation expense (34,951) (34,541) Impairment of assets 6 (1,798,434) - Realised foreign currency gain / (loss) 802 (558) Loss from operating activities (1,489,480) (1,209,343) Finance income - 39,882 Finance expense (3,988) (5,804) Loss before income tax expense (1,493,468) (1,175,265) Income tax expense (1,232,420) - Loss for the year (2,725,888) (1,175,265) Other comprehensive income/(loss) Items that may be reclassified subsequently to profit of loss Exchange differences on translating foreign operations (410,869) 137,208 Total comprehensive loss for the period (3,136,757) (1,038,057) Earnings/Loss per share Basic and diluted loss per share (cents) 4 (3.07) (1.84) The consolidated statement of comprehensive income is to be read in conjunction with the notes forming part of the financial report. 10 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025 Note 31 Dec 2025 30 Jun 2025 $ $ Current Assets Cash and cash equivalents 5 11,956,233 618,041 Trade and other receivables 441,775 487,716 Prepayments 664,376 78,991 Other current assets 5,366 351,768 Total Current Assets 13,067,750 1,536,516 Non-Current Assets Exploration and evaluation assets 6 14,244,000 12,199,211 Plant and equipment 28,802 35,586 Other non-current assets 47,131 47,130 Right of use asset 14 37,872 66,277 Total Non-Current Assets 14,357,805 12,348,204 Total Assets 27,425,555 13,884,720 Current Liabilities Trade and other payables 7 2,593,598 930,302 Provisions 15,125 1,740 Borrowings 8 - 22,295 Lease liabilities 14 41,499 66,516 Flow Through Liability 3,265,343 24,886 Total Current Liabilities 5,915,565 1,045,739 Non-Current Liabilities Lease liabilities 14 - 4,854 Tax Liabilities 2,186,898 1,013,953 Total Non-Current Liabilities 2,186,898 1,018,807 Total Liabilities 8,102,463 2,064,546 Net Assets 19,323,092 11,820,174 Equity Issued capital 9 24,803,406 15,765,381 Reserves 11 1,809,787 619,006 Accumulated losses 12 (7,290,101) (4,564,213) Total Equity 19,323,092 11,820,174 The consolidated statement of financial position is to be read in conjunction with the notes forming part of the financial report. 11 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 31 DECEMBER 2025 Note 31 Dec 2025 31 Dec 2024 $ $ Cash Flows from Operating Activities Payments to suppliers & employees (1,532,134) (846,143) Payment for exploration activities (14,775) (34,636) Net interest (paid) / received (268) 37,974 Net cash (used in) operating activities (1,547,177) (842,805) Cash Flows from investing activities Payments for exploration and evaluation (2,887,874) (1,670,698) Payments for other current assets 346,402 Net cash (used in) investing activities (2,541,472) (1,670,698) Cash Flows from Financing Activities Proceeds from issue of shares 15,427,010 3,400,000 Proceeds from issue of options 533,718 - Rrepayment of borrowings (27,742) (24,519) Share issue costs (474,904) (204,000) Lease payments (31,774) (30,700) Net cash provided by financing activities 15,426,308 3,140,781 Net increase in cash and cash equivalents 11,337,659 627,278 Cash and cash equivalents at the beginning of the financial period 618,041 2,017,483 Effects of exchange rate changes on cash and cash equivalents 533 (426) Cash and cash equivalents at the end of the financial period 5 11,956,233 2,644,335 The consolidated statement of cash flows is to be read in conjunction with the notes forming part of the financial report. 12 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF YEAR ENDED 31 DECEMBER 2025 Note Issued Capital Reserves Accumulated losses Total $ $ $ $ Balance at 1 July 2025 15,765,381 619,006 (4,564,213) 11,820,174 Loss for the period - - (2,725,888) (2,725,888) Other comprehensive loss - (410,869) - (410,869) Total comprehensive loss for the period - (410,869) (2,725,888) (3,136,757) Issue of shares – Placement with investors 9 10,568,131 - - 10,568,131 Issue of Shares – Performance Rights 10 8,690 (8,690) - - Share Issue Costs 9 (1,538,796) 1,063,891 - (474,905) Issue of Options – Loyalty Options 10 - 533,719 - 533,719 Share based payments 10 - 12,730 - 12,730 Balance at 31 December 2025 24,803,406 1,809,787 (7,290,101) 19,323,092 Note Issued Capital Reserves Accumulated losses Total $ $ $ $ Balance at 1 July 2024 8,988,108 455,388 (1,696,146) 7,747,350 Loss for the period - - (1,175,265) (1,175,265) Other comprehensive income - 137,208 - 137,208 Total comprehensive loss for the period - 137,208 (1,175,265) (1,038,057) Issue of shares – Placement with investors 9 3,400,000 - - 3,400,000 Issue of Shares – Performance Rights 20,610 (20,610) - Share Issue Costs 9 (204,000) - - (204,000) Share based payments 10 - 285,358 - 285,358 Balance at 31 December 2024 12,204,718 857,344 (2,871,411) 10,190,651 The consolidated statement of changes in equity is to be read in conjunction with the notes forming part of the financial report. 13 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 1: Summary of Material Accounting Policies The financial report covers the consolidated entity of Infini Resources Ltd (“Infini” or the “Company”) and controlled entities (the “Group”). Infini is a listed public company, incorporated and domiciled in Australia. The Company is a for-profit entity for the purpose of preparing financial statements. These financial statements relate to the Group for the half year ended 31 December 2025 and comparatives cover the period from 1 July 2024 to 31 December 2024. The financial statements are approved by the Board of Directors on the date of Director’s declaration. The Directors have the power to amend and reissue the financial statements. Basis of Preparation These general purpose financial statements for the interim half-year reporting period ended 31 December 2025 have been prepared in accordance with Australian Accounting Standard AASB 134 'Interim Financial Reporting' and the Corporations Act 2001, as appropriate for for-profit oriented entities. Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS 34 'Interim Financial Reporting'. These general purpose financial statements do not include all the notes of the type normally included in annual financial statements. Accordingly, these financial statements are to be read in conjunction with the annual report for the year ended 30 June 2025 and any public announcements made by the company during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001. The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, unless otherwise stated. New, revised or amended standards and interpretations adopted by the Group The Group has adopted all of the new, revised or amending Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') that are mandatory for the current reporting period. There was no significant impact in the adoption of these standards. Reporting Basis and Conventions The financial report has been prepared on an accruals basis and is based on historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. The reporting currency is Australian Dollars. Note 2: Other Revenue 31 Dec 2025 31 Dec 2024 $ $ Other Income 1,816 - Flow-through income 1,394,723 - Other Income 1,396,539 - The Company has incurred qualifying Canadian exploration expenses as defined under the Income Tax Act, Canada (“Qualifying CEE”) and according, recognised flow-through premium income during the period. 14 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Cont’d) Note 3: Expenses a) Consulting and professional fees 31 Dec 2025 31 Dec 2024 $ $ Geological consultancy - 116,275 Other professional fees 78,982 5,031 78,982 121,306 b) Emp