Binding Commitments Received for QIC-led $65m Fundraising

• Eligible existing shareholders will be able to participate in the capital raising via a non-underwritten SPP targeting $5 million at the same offer price as the Placement • Proceeds from the Placement will be applied to fund an acceleration in copper production and production capability at both Rocklands and Mt Kelly, and to fund exploration at the Lady Annie pit extension as well as for general