ATOMIC EAGLE LTD — Capital/Financing Update 2025

Aug 7, 2025

Tombador Iron Limited ABN: 20 108 958 274 Suite 4.01, Level 4 66 Kings Park Road West Perth WA 6005

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8 August 2025

ASX ANNOUNCEMENT

TAX REFUND RECEIVED

Tombador Iron Limited (ASX: TI1) ( Tombador ) wishes to update shareholders on the receipt of A$1,581,268 (BRL$5,863,545), following approval by the Federal Government of Brazil of PIS and COFINS tax refund requests submitted in 2023.

The refunds are related to tax refunds owed to the company from a period prior to the sale by Tombador of its wholly owned Brazilian subsidiary Tombador Iron Mineracao.

Shareholders were previously advised in the Notice of Meeting dated 27 November 2023 that a portion of the consideration for the sale of the Tombador Iron project in Brazil was approximately BRL$5,000,000 (equal to A$1,584,065 based on an exchange rate of 0.3167) tax refund (PIS and COFINS) if the Federal Government of Brazil approved the refund requests.

Four further refund submissions of approximately A$400,000 in total remain under analysis with the Brazilian tax authorities and further updates will be provided when these are finalised.

This ASX release was authorised by the Board of Directors of Tombador Iron Limited.