Announcement PDF ASX Announcement ASX: AAR 21 JANUARY 2026 Astral Resources Suite 2, Lyall St, South Perth WA 6151 ACN 009 159 077 T +61 8 9382 8822 E info@astralresources.com.au astralresources.com.au | ASX: AAR MORE HIGH-GRADE GOLD IN EXTENSIONAL DRILLING POINTS TO GROWTH POTENTIAL AT KAMPERMAN Plus, diamond drilling at the cornerstone Theia deposit delivers multiple high-grade intercepts both on the eastern flank and within the main deposit HIGHLIGHTS Feysville Project • Assay results received for 17 RC holes (2,954m) drilled recently at Kamperman, part of the 100%-owned Feysville Gold Project in WA. The program tested a variety of targets designed both to increase the Mineral Resource and improve understanding of the deposit, with a specific focus on high-grade zones. Best results include: • 14m at 6.79g/t Au from 192m including 2m at 23.8g/t Au from 193m (FRC463) • 13m at 6.60g/t Au from 44m including 1m at 57.6g/t Au from 46m and 1m at 10.9g/t Au from 48m, 4m at 2.06g/t Au from 62m and 4m at 3.81g/t Au from 88m (FRC457) • 21m at 3.11g/t Au from 115m including 1m at 13.4g/t Au from 132m (FRC460) • 15m at 3.70g/t Au from 123m including 1m at 16.4g/t Au from 124m and 1m at 21.1g/t Au from 135m, 6m at 2.79g/t Au from 158m, 23m at 2.57g/t Au from 180m including 3m at 13.7g/t Au from 197m and 3m at 2.57g/t Au from 208m (FRC452) • 14m at 2.66g/t Au from 179m (FRC461) • 27m at 0.78g/t Au from 21m and 25m at 1.68g/t Au from 50m including 1m at 11.7g/t Au from 59m and 1m at 10.5g/t Au from 62m (FRC453) • 6m at 4.10g/t Au from 210m including 1m at 13.4g/t Au from 212m (FRC454) • The drill program has confirmed the presence of north-west striking high-grade gold mineralisation that is not currently included in the Kamperman Mineral Resource model, as well as confirming depth extensions to the southern lode and additional high-grade mineralisation in the footwall of the southern lode. Mandilla Project • A 4-hole (1,641m) DD program has been completed on the eastern flank of the Theia deposit, part of the 100%-owned Mandilla Gold Project. The drill program was designed to test for a potential steeply dipping sub-parallel mineralised structure to the east of Theia. Best results include: • 4.15m at 33.2g/t Au from 164.3m including 0.5m at 269.6g/t Au from 165m, 12.13m at 1.29g/t Au from 173.87m including 0.3m at 23.4g/t Au from 173.87m and 1.79m at 6.21g/t Au from 253.47m including 0.58m at 17.6g/t Au from 253.82m (AMRCD140) • 0.3m at 30.7g/t Au from 336.26m (AMRCD139) • Quartz, pyrite and visible gold1 were intersected in each of the four holes, confirming the potential for Theia to host additional mineralised structures. 1 All references to 'visible gold' in this announcement are references to occurrences of visible gold in core samples from drill holes for which chemical assay results have been provided in the assay results table in Appendix 1 of this announcement or previous announcements. 2 astralresources.com.au ASX: AAR | • A 3-hole (775.6-m) DD program was also completed at Theia. The program was designed to target a previously intersected “230 Shear” structure. Drilling successfully intersected this distinct, narrow high-grade shear zone with best results including: • 1.57m at 22.8g/t Au from 168.59m including 0.6m at 59.2g/t Au from 169.56m, 7.12m at 1.42g/t Au from 175.08m including 0.3m at 25.9g/t Au from 175.51m, 8.73m at 0.95g/t Au from 222.44m and 4.90m at 1.28g/t Au from 259m including 0.3m at 13.7g/t Au from 262.07m (AMRCD137) • 2.27m at 4.94g/t Au from 161m including 0.47m at 22.8g/t Au from 161.93m and 5.33m at 1.08g/t Au from 202.85m (AMRCD138) Astral Resources’ Managing Director Marc Ducler said: “The assay results from the recent RC program at Feysville have demonstrated the excellent potential for both the overall gold grade and the deposit size at Kamperman to increase. “The program was highly successful in achieving its aims to extend interpreted high-grade gold zones beyond the existing Mineral Resource. “The centrally located drill-hole, FRC457, returned an outstanding intercept of 13m at 6.60g/t Au, representing a very successful extension to a north-west striking high-grade ore shoot which appears to be projecting beyond the current deposit limits. “Drill-hole FRC463 also returned a spectacular high-grade intercept. Drilled south and well beyond the current Resource testing for a south-plunging ore zone at depth, drilling successfully intersected 14m at 6.79g/t Au from 192m, to confirm one of our deepest zones of high-grade gold mineralisation so far and providing us with a hint of the greater potential still remaining at Kamperman. “Over the Christmas period, Astral received notice from the DMPE of the grant of our Mining Licence application over areas of Feysville. This marks an important step as we progress towards submission of the Mining Proposal and execution of a JV agreement with Mineral Mining Services for the development of the Think Big Gold Mine. This would establish an early revenue opportunity for Astral against the backdrop of record gold prices to assist with securing overall development funding for the Mandilla Gold Project. “Meanwhile at the cornerstone Theia deposit at Mandilla, we received assay results from two diamond drill programs, with further outstanding high-grade intercepts recorded. “The first, a 3-hole program targeting the “230 Shear”, returned results such as 1.57m at 22.7g/t Au and 2.27m at 4.94g/t Au in separate holes, confirming the presence of this discrete, narrow, high-grade shear zone which strikes through the main Theia deposit. “Importantly the shear, intersected in all three holes, remains mineralised at depth, with the potential to delineate additional sub-parallel repeats both within and extensional to Theia. “A second 4-hole diamond drill program tested a potential steeply dipping sub-parallel structure to the east of Theia. As an initial positive sign visible gold was logged in all four holes, with a best result including a very high-grade intersection of 4.15m at 33.2g/t Au from 164.3m in hole AMDRCD137. “Following our successful capital raise completed in December, Astral has funds on hand to maintain an aggressive exploration focus and complete the Mandilla DFS targeting a Final Investment Decision – all while maintaining a significant component of the equity requirement for development of the Mandilla Gold Project. “Astral has ramped up exploration activities for 2026 with three drill rigs (2 RC and 1 DD rig) currently operating on site.” 3 astralresources.com.au ASX: AAR | Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to report assay results received from a 17-hole reverse circulation (RC) drill program for 2,954 metres completed at the Kamperman Deposit, part of its 100%-owned Feysville Gold Project (Feysville), located ~14km south of Kalgoorlie in Western Australia (Figure 1). Assay results for a 7-hole (2,416m) diamond drill (DD) program at Theia, part of the 100%-owned Mandilla Gold Project (Mandilla) – located ~ 70km south of Kalgoorlie – are also reported in this announcement. Figure 1 – Map illustrating the location of the Mandilla, Spargoville and Feysville Gold Projects. 4 astralresources.com.au ASX: AAR | KAMPERMAN RC RESULTS The Kamperman Deposit hosts a Mineral Resource Estimate (MRE) of 2Mt at 1.3g/t Au for 83,800 ounces of contained gold2 . A 17-hole (2,954m) RC drill program was recently undertaken. This program was designed to test a variety of targets aimed at both increasing the current Mineral Resource and improving geological understanding of the deposit, with a specific focus on the high- grade zones. A map showing the drill-hole collar locations on local area geology is shown in Figure 2. Figure 2 – Map of Kamperman illustrating the October 2024 MRE and drill collar locations of recently completed geotechnical diamond drilling on local area geology. 2 - Kamperman JORC 2012 Mineral Resource Estimate: 1.1Mt at 1.5g/t Au for 52.4koz Indicated Mineral Resources and 0.9Mt at 1.1g/t Au for 31.4koz Inferred Mineral Resources (refer to ASX Announcement dated 1 November 2024) 5 astralresources.com.au ASX: AAR | Best results include: • 14m at 6.79g/t Au from 192m including 2m at 23.8g/t Au from 193m (FRC463) • 13m at 6.60g/t Au from 44m including 1m at 57.6g/t Au from 46m and 1m at 10.9g/t Au from 48m, 4m at 2.06g/t Au from 62m and 4m at 3.81g/t Au from 88m (FRC457) • 21m at 3.11g/t Au from 115m including 1m at 13.4g/t Au from 132m (FRC460) • 15m at 3.70g/t Au from 123m including 1m at 16.4g/t Au from 124m and 1m at 21.1g/t Au from 135m, 6m at 2.79g/t Au from 158m, 23m at 2.57g/t Au from 180m including 3m at 13.7g/t Au from 197m and 3m at 2.57g/t Au from 208m (FRC452) • 14m at 2.66g/t Au from 179m (FRC461) • 27m at 0.78g/t Au from 21m and 25m at 1.68g/t Au from 50m including 1m at 11.7g/t Au from 59m and 1m at 10.5g/t Au from 62m (FRC453) • 6m at 4.10g/t Au from 210m including 1m at 13.4g/t Au from 212m (FRC454) • 5m at 3.46g/t Au from 123m (FRC458) • 16m at 1.02g/t Au from 85m and 4m at 2.58g/t Au from 110m (FRC459) • 16m at 1.00g/t Au from 144m (FRC448) • 6m at 1.17g/t Au from 66m, 7m at 1.90g/t Au from 75m (including 1m at 11.0g/t Au from 46m) and 1m at 6.82g/t Au from 122m (FRC455) • 4m at 3.25g/t Au from 154m and 3m at 3.06g/t Au from 161m (FRC451) • 14m at 1.04g/t Au from 49m (FRC456) • 7m at 1.79g/t Au from 126m and 3m at 2.38g/t Au from 192m (FRC450) As such, Kamperman has once again delivered excellent drill results. Drill holes FRC456, FRC457 and FRC458, located centrally, and immediately to the north of the well- defined southern lode were designed to intersect a north-west striking high-grade zone of gold mineralisation not currently in the MRE. All three holes were successful returning assay results of 14m at 1.04g/t Au, 13m at 6.60g/t Au and 5m at 3.46g/t Au respectively (as set out above). A cross-section through holes FRC456, FRC457 and FRC458 is set out in Figure 3 (see Figure 2 for section location). 6 astralresources.com.au ASX: AAR | Figure 3 – Cross-section through Kamperman illustrating current mineralisation interpretation and drill trace, assay results and geological interpretation (see Figure 2 for section location). Drill-hole FRC463, which is located immediately south of the southern lode, was designed to test for south-plunging gold mineralisation at depth, and south of the interpreted southern lode at Kamperman. The hole, well outside the current MRE, returned an exceptional intercept of 14m at 6.79g/t Au from 192m, with the mineralisation remaining open at depth. A cross-section through hole FRC463 is set out in Figure 4 (see Figure 2 for section location). 7 astralresources.com.au ASX: AAR | Figure 4 – Cross-section through Kamperman illustrating current mineralisation interpretation and drill trace, assay results and geological interpretation (see Figure 2 for section location). Drill-holes FRC460 and FRC461 also successfully tested the southern lode at Kamperman. FRC460 was a successful in-fill test, returning 21m at 3.11g/t Au from 115m, while FRC461 was an extensional down-dip test returning 14m at 2.66g/t Au from 179m. The mineralisation remains open at depth. Drill hole FRC452, located on the western flank, and to the north, was a successful down-dip test on the same section as FRC378, which returned 27m at 22.6g/t Au from 67m. The hole returned several zones of gold mineralisation, associated with quartz and sulphides within porphyry, including 15m at 3.70g/t Au from 123m and 23m at 2.57g/t Au from 180m. 8 astralresources.com.au ASX: AAR | THEIA DIAMOND DRILLING RESULTS The Theia Deposit hosts an MRE of 33.3Mt at 1.1g/t Au for 1.2Moz of contained gold3 . Seven holes (2,416m) of DD were drilled in the latest program. A map showing the drill-hole collar locations on local area geology is shown in Figure 5. Figure 5 – Map of Theia illustrating the April 2025 MRE and drill collar locations of recently completed diamond drilling on local area geology. 3 - Theia JORC 2012 Mineral Resource Estimate: 24.5Mt at 1.1g/t Au for 832koz Indicated Mineral Resources and 8.8Mt at 1.2g/t Au for 323koz Inferred Mineral Resources (refer to ASX Announcement dated 3 April 2025) 9 astralresources.com.au ASX: AAR | The drill program consisted of two distinct parts. The first was to test the interpreted “230 Shear”, which is potentially west-north-west striking and steeply south-west dipping, with an estimated thickness of one metre. The size of the shear is limited by existing drilling and the Emu Rocks Fault to the east. Three DD holes (775.6m) were drilled. Best results included: • 1.57m at 22.8g/t Au from 168.59m including 0.6m at 59.2g/t Au from 169.56m, 7.12m at 1.42g/t Au from 175.08m including 0.3m at 25.9g/t Au from 175.51m, 8.73m at 0.95g/t Au from 222.44m and 4.90m at 1.28g/t Au from 259m including 0.3m at 13.7g/t Au from 262.07m (AMRCD137) • 1.34m at 8.16g/t Au from 161.93m including 0.47m at 22.8g/t Au from 161.93m and 5.33m at 1.08g/t Au from 202.85m (AMRCD138) • 5.91m at 1.03g/t Au from 191.77m, 6.10m at 1.02g/t Au from 200.55m, 16.23m at 0.76g/t Au from 211.51m including 0.57m at 14.5g/t Au from 211.51m and 27.23m at 0.50g/t Au from 231.75m including 0.34m at 11.9g/t Au from 253.4m (AMRCD136) Previous drilling that intersected the shear returned very high-grade results, with assay grades up to 304g/t Au reported. In this program, all three holes successfully intersected the shear, which is geologically distinct from the surrounding mineralisation typically associated with the Theia Deposit. A cross-section through the three holes is set out in Figure 6 (see Figure 5 for section location). The best assay result associated with the “230 Shear” on this occasion was 0.47m at 22.8g/t Au from 161.93m (reported within a wider intersection of 1.34m at 8.16g/t Au from 161.93m) in AMRCD138. The second part of the DD program was to target a potential steeply dipping sub-parallel structure to the east and below the Theia Stage 5 open pit. Four holes (1,641m) were drilled. Best results included: • 4.15m at 33.2g/t Au from 164.3m including 0.5m at 269.6g/t Au from 165m, 12.13m at 1.29g/t Au from 173.87m including 0.3m at 23.4g/t Au from 173.87m and 1.79m at 6.21g/t Au from 253.47m including 0.58m at 17.6g/t Au from 253.82m (AMRCD140) • 8m at 1.84g/t Au from 113m and 4.78m at 1.38g/t Au from 161.67m (AMRCD141) • 0.3m at 30.7g/t Au from 336.26m (AMRCD139) • 10.03m at 1.54g/t Au from 312.5m including 0.3m at 42.0g/t Au from 316.4m, 30.62m at 0.74g/t Au from 354.11m including 0.3m at 25.1g/t Au from 360.63m and 23.23m at 0.55g/t Au from 399.87m (AMRCD142A) Visible gold was logged in core from each of the four holes, noting that visible gold for three of the holes was situated below the current Theia Stage 5 open pit design. Coherent zones of quartz and sulphides typical of Theia-style mineralisation are present, confirming the strong potential for sub-parallel mineralised structures to be hosted at Theia. 10 astralresources.com.au ASX: AAR | Figure 6 – Cross-section through Theia illustrating current MRE and drill trace, assay results and geological interpretation (see Figure 5 for section location). 11 astralresources.com.au ASX: AAR | EXPLORATION ACTIVITY UPDATE Three drill rigs are currently operating – two RC rigs and one DD rig. The first RC drill rig is undertaking a 103-hole (13,742m) program which includes: • 36 holes (5,080m) of sterilisation drilling to the north of the Hestia Deposit, being the planned location of tailings storage facility; • 15 holes (1,632m) in the current bridge between the Theia and Iris deposits; and • 52 holes (6,760m) of sterilisation drilling to the west of the Hestia Deposit, being the currently planned location of the main waste dump. A second RC drill rig is undertaking a 41-hole (4,320m) program, which includes: • Two holes (220m) of sterilisation drilling to the south of the Hestia Deposit; and • 39 holes (4,100m) of Resource definition (including in-fill and extensional) drilling at the Spiders deposits (Redback, Golden Orb, Huntsman and Trapdoor) at Spargoville. A DD rig is completing an eight-hole (784m) geotechnical drill program at Mandilla, including: • Two holes (298m) at the Hestia deposit; and • Six holes (486m) at the Eos deposit. Follow-up work is currently in the planning stages to further define the potential sub-parallel structures to the east and below the Stage 5 Theia pit – with drilling expected to commence in the first half of 2026. Additionally, reinterpretation of the mineralised wireframes at Kamperman is underway following receipt of the recent assay results. Additional drilling will subsequently be planned. 12 astralresources.com.au ASX: AAR | ABOUT THE MANDILLA GOLD PROJECT The Mandilla Gold Project is situated in the northern Widgiemooltha greenstone belt, approximately 70 kilometres south of the significant mining centre of Kalgoorlie, Western Australia. The area hosts world-class deposits such as the Golden Mile Super Pit in Kalgoorlie, owned by Northern Star Resources Limited (ASX: NST), and the St Ives Gold Mine approximately 20 kilometres to the south-east of Kambalda, owned by Gold Fields Limited, as well as the Beta Hunt Gold Mine immediately to the south of Kambalda, owned by Westgold Resources Limited (ASX: WGX). Mandilla is covered by existing Mining Leases which are not subject to any third‐party royalties other than the standard WA Government gold royalty. The Mandilla Gold Project includes the Theia, Iris, Eos and Hestia deposits. Gold mineralisation at Theia and Iris is comprised of structurally controlled quartz vein arrays and hydrothermal alteration close to the western margin of the Emu Rocks Granite and locally in contact with sediments of the Spargoville Group. Significant NW to WNW-trending structures along the western flank of the project are interpreted from aeromagnetic data to cut through the granitic intrusion. These structures are considered important in localising gold mineralisation at Theia, which has a mineralised footprint extending over a strike length of more than 1.6km. A second sub-parallel structure hosts gold mineralisation at the Iris deposit. The mineralised footprint at Iris extends over a strike length of approximately 600 metres, combining with Theia to form a mineralised zone extending over a strike length of more than 2.2 kilometres. At Eos, located further to the south-east, a relatively shallow high-grade mineralised palaeochannel deposit has been identified which extends over a length of approximately 600 metres. A primary gold source is also present, with further drilling required to determine both the nature and structural controls on mineralisation and its extent. Mineralisation delineated over approximately 800 metres of strike at the Hestia deposit, located approximately 500 metres west of Theia, is associated with a shear zone adjacent to a mafic/sediment contact, interpreted to be part of the major north-south trending group of thrust faults known as the Spargoville Shear Corridor. Locally, the Spargoville Shear Corridor hosts the historically mined Wattle Dam gold mine (266koz at 10.6g/t Au) and, further to the north, the Ghost Crab/Mt Marion mine (>1Moz). The mineralisation at Hestia, which is present in a different geological setting to the bedrock mineralisation at Theia and Iris, remains open both down-dip and along strike. In April 2025, Astral announced a Mineral Resource Estimate (MRE) of 42Mt at 1.1 g/t Au for 1.43Moz of contained gold4 for the Mandilla Gold Project. 4 - Mandilla JORC 2012 Mineral Resource Estimate: 31Mt at 1.1g/t Au for 1,034koz Indicated Mineral Resources and 11Mt at 1.1g/t Au for 392koz Inferred Mineral Resources (refer to Astral ASX announcement dated 3 April 2025) 13 astralresources.com.au ASX: AAR | Metallurgical testing undertaken on each of the main deposits at Mandilla – Theia, Iris, Eos and Hestia – has demonstrated high gravity recoverable gold, fast leach kinetics and exceptional overall gold recoveries with low reagent consumptions and coarse grinding5,6 . In June 2025, Astral announced the results of a Preliminary Feasibility Study for Mandilla (Mandilla PFS), which also included the mining of gold deposits at Feysville. It was based on a standalone project comprising seven open pit mines feeding a 2.75Mtpa processing facility, producing 95koz per year for the first 12 years. The base case gold price assumption for the Mandilla PFS was A$4,250/oz and demonstrated a Net Present Value (8% discount rate) (NPV8) of $1.4 billion7 . At a A$6,500 gold price, the NPV8 increases to $3.1 billion6 . Four open-pit mines at Mandilla were included in the Mandilla PFS (Theia, Hestia, Eos and Iris), and three open-pits mines at Feysville (Kamperman, Think Big and Rogan Josh). A map of Mandilla illustrating both the local area geology and mineral deposits is set out in Figure 7. 5 ASX Announcement 6 June 2022 “Outstanding metallurgical test-work results continue to de-risk Mandilla.” 6 ASX Announcement 17 September 2024 “Outstanding metallurgical results further de-risk Mandilla.” 7 Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve (refer to Astral ASX Announcement dated 25 June 2025) 14 astralresources.com.au ASX: AAR | Figure 7 – Map of Mandilla Gold Project on local area geology. ABOUT THE FEYSVILLE GOLD PROJECT The Feysville Gold Project is located within the north-north-west trending Norseman – Wiluna Greenstone Belt, within the Kambalda Domain of the Archean Yilgarn Craton, approximately 14km south of the KCGM Super Pit in Kalgoorlie. Significant gold and nickel mineralisation occurs throughout the belt, including world-class deposits such as the Golden Mile Super Pit in Kalgoorlie, owned by Northern Star Resources Limited (ASX: NST), and the St Ives Gold Mine, south of Kambalda, owned by Gold Fields Limited. The area also hosts the Beta Hunt Gold Mine, owned by Westgold Resources Limited (ASX: WGX). 15 astralresources.com.au ASX: AAR | Feysville hosts an MRE of 5Mt at 1.2g/t Au for 196koz8 of contained gold at the Kamperman, Think Big and Rogan Josh deposits. The recently completed PFS demonstrated that Feysville is a valuable source of satellite ore feed for a future operation based at Astral’s flagship Mandilla Gold Project, contributing 3.7Mt at 1.1g/t Au for 132koz towards the production target of 1.41Moz6 . Locally, Feysville has been interpreted to contain upthrust ultramafics, emplaced within a sequence of volcanic sediments (the Black Flag sediment group), granitic intrusions, mafic basalts, gabbro and andesite. A map of the Feysville Gold Project showing tenements and deposits/prospects on local area geology is set out in Figure 8. Figure 8 – Map of Feysville Gold Project on local area geology. 8 Feysville JORC 2012 Mineral Resource Estimate: 4Mt at 1.3g/t Au for 144koz Indicated Mineral Resources and 1Mt at 1.1g/t Au for 53koz Inferred Mineral Resources (refer to Astral ASX announcement dated 1 November 2024). 16 astralresources.com.au ASX: AAR | CONSOLIDATED MINERAL RESOURCE & ORE RESERVE ESTIMATES Ore Reserve Estimates The Group’s consolidated JORC 2012 Ore Reserve Estimate as at the date of this report is detailed in Table 1 below. Table 1 – Group Ore Reserves Project Probable Total Ore Reserve Tonnes Grade Metal Tonnes Grade Metal (Mt) (Au g/t) (oz Au) (Mt) (Au g/t) (oz Au) Mandilla6 34.3 0.9 1,000,000 34.3 0.9 1,000,000 FeysvilleError! Bookmark not defined. 2.3 1.2 88,000 2.3 1.2 88,000 Total 36.6 0.9 1,082,000 36.6 0.9 1,082,000 Ore Reserves are a subset of Mineral Resources. Ore Reserves are estimated using a gold price of AUD $3,000 per ounce. The preceding statement of Ore Reserves conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. All tonnages reported are dry metric tonnes. Minor discrepancies may occur due to rounding to appropriate significant figures. The Ore Reserves for Mandilla are reported at a cut-off grade of 0.30 g/t Au lower cut-off and Feysville are reported at a cut-off grade of 0.40 g/t Au lower cut-off. Group Mineral Resource Estimates The Group’s consolidated JORC 2012 Mineral Resource Estimate as at the date of this report is detailed in Table 2 below. Table 2 – Group Mineral Resources Project Indicated Inferred Total Mineral Resource Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal (Mt) (Au g/t) (oz Au) (Mt) (Au g/t) (oz Au) (Mt) (Au g/t) (oz Au) Mandilla9 31 1.1 1,034,000 11 1.1 392,000 42 1.1 1,426,000 Feysville10 4 1.3 144,000 1 1.1 53,000 5 1.2 196,000 Spargoville11 2 1.3 81,000 1 1.6 58,000 3 1.4 139,000 Total 36 1.1 1,259,000 14 1.2 502,000 50 1.1 1,761,000 The preceding statement of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. All tonnages reported are dry metric tonnes. Minor discrepancies may occur due to rounding to appropriate significant figures The Mineral Resources for Mandilla, Feysville and Spargoville are reported at a cut-off grade of 0.39 g/t Au lower cut-off and is constrained within pit shells derived using a gold price of AUD $3,500 per ounce for Mandilla and Spargoville and AUD$2,500 per ounce for Feysville. 9 - Mandilla JORC 2012 Mineral Resource Estimate: 31Mt at 1.1g/t Au for 1,034koz Indicated Mineral Resources and 11Mt at 1.1g/t Au for 392koz Inferred mineral Resources (refer to Astral ASX announcement dated 3 April 2025) 10 - Feysville JORC 2012 Mineral Resource Estimate: 4Mt at 1.3g/t Au for 144koz Indicated Mineral Resources and 1Mt at 1.1g/t Au for 53koz Inferred Mineral Resources (refer to Astral ASX announcement dated 1 November 2024). 11 - Spargoville JORC 2012 Mineral Resource Estimate: 2Mt at 1.3g/t Au for 81koz Indicated Mineral Resources and 1Mt at 1.6g/t Au for 58koz Inferred Mineral Resources (refer to Astral ASX announcement dated 7 May 2025). 17 astralresources.com.au ASX: AAR | APPROVED FOR RELEASE This announcement has been authorised for release by the Managing Director. For further information: Investors Media Marc Ducler Nicholas Read Managing Director Read Corporate Astral Resources +61 419 929 046 +61 8 9382 8822 18 astralresources.com.au ASX: AAR | Competent Person’s Statements Mandilla The information in this announcement that relates to exploration targets and exploration results for the Mandilla Gold Project is based on, and fairly represents, information and supporting documentation compiled by Ms Julie Reid, who is a full‐time employee of Astral Resources NL. Ms Reid is a Competent Person and a Member of The Australasian Institute of Mining and Metallurgy. Ms Reid has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Ms Reid consents to the inclusion in this report of the material based on this information, in the form and context in which it appears. The information in this announcement that relates to the Ore Reserves for the Mandilla Gold Project were announced in the Company’s ASX announcement dated 25 June 2025 titled “Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve". The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX announcement dated 25 June 2025 and all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms the form and context in which Competent Persons’ findings are presented have not materially changed from previous market announcements. The reports are available to view on the ASX website and on the Company’s website at www.astralresources.com.au. The information in this announcement that relates to the Mineral Resources for the Mandilla Gold Project reported in this announcement were announced in the Company’s ASX announcement dated 3 April 2025 titled "Group Mineral Resource Increases to 1.62 million ounces with Indicated Resources at the Mandilla Gold Project Exceeding One Million Ounces". The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX announcement dated 3 April 2025 and all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms the form and context in which Competent Persons’ findings are presented have not materially changed from previous market announcements. The reports are available to view on the ASX website and on the Company’s website at www.astralresources.com.au. The information in this announcement that relates to metallurgical test work for the Mandilla Gold Project reported in this announcement were announced in the Company’s ASX announcements dated 28 January 2021, 6 June 2022, 17 September 2024 and 5 March 2025. The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX announcements dated 28 January 2021, 6 June 2022, 17 September 2024 and 5 March 2025 and all material assumptions and technical parameters in the relevant market announcement continue to apply and have not materially changed. The Company confirms the form and context in which Competent Persons’ findings are presented have not materially changed from previous market announcements. The reports are available to view on the ASX website and on the Company’s website at www.astralresources.com.au. Feysville The information in this announcement that relates to exploration targets and exploration results for the Feysville