AVIRA RESOURCES LTD - Capital/Financing Update 2025

20 October 2025

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The Manager Market Announcements Office Level 40, Central Park, 152-158 St George's Terrace Perth WA 6000

ACQUISITION OF THE HIGH-GRADE MT CATTLIN GOLD PROJECT (WA) & CAPITAL RAISING

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ACN: 131 715 645 T: + 61 8 6385 2282 W: www.aviraresourcesltd.com.au

Directors

David Wheeler, Non-Executive Chairman

David Deloub, Executive Director James Robinson, Non-Executive Director

Rhys Waldon, Company Secretary

ASX Code: AVW

Issued Capital

230,000,000 Ordinary Shares ( AVW )

170,781,470 Quoted options exercisable at $0.015 on or before 30 June 2027 ( AVWOB )

20,125,001 Unquoted options exercisable at $0.06 on or before 30 June 2027

Avira Resources Limited ( ASX: AVW ) ( Avira or the Company ) is pleased to announce it has entered into a binding agreement to acquire the mineral rights (excluding pegmatite minerals) associated with the Mt Cattlin Gold Project ( Project ), located in Western Australia’s highly prospective Ravensthorpe Greenstone Belt and adjacent to the Rio Tinto Lithium-owned Mt Cattlin Lithium Mine.

HIGHLIGHTS

Existing Resource and Historical Production: JORC 2012 Compliant Mineral Resource Estimate ( MRE ) of 22,940 ounces at an average grade of 3.94 g/t Au (approx. 60% Indicated, 40% Inferred).[1] Historical production of 23,006 tonnes at an impressive 24.56 g/t Au[2] demonstrates the Project's significant gold endowment.

High-Grade & Shallow Potential: The Project's inherently highgrade gold mineralization at the Sirdar and Maori Queen prospects presents strong potential for a profitable, small-scale open-pit mining operation.

Significant Exploration Upside: Substantial exploration upside exists beyond the current MRE, driven by a large, multi-phased intrusive complex and peripheral skarn zones. Numerous untested targets along strike, down-dip, and on parallel structures provide vectors for immediate resource growth, exemplified by high-grade intercepts at prospects like Plantagenet (4m @ 15.07g/t Au) and Ellendale (11m @ 2.5g/t Au).[3]

Robust Geophysical Signatures: Comprehensive geophysical data confirms multiple coincident aeromagnetic and induced polarisation (IP) anomalies aligning with known mineralization and structural controls, providing compelling targets for future drilling.

1 ASX:TKL “Maiden high-grade gold resource at Mt Cattlin” released 22 June 2021. It is possible that following further evaluation and/or exploration work that the MRE that was reported by TKL may be reduced. However, nothing has come to the attention of AVW that causes it to question the accuracy or reliability of TKL’s MRE. AVW has not independently validated TKL’s MRE and therefore is not to be regarded as reporting, adopting or endorsing these results.

2 ASX:TKL “Annual Report to shareholders” released 21 October 2020.

3 ASX:TKL “Initial drill results Plantaganet and Grafter (Mt Cattlin)” released 10 January 2022 and “Initial drill results Revelation and Ellendale Prospects” released 15 December 2021. It is possible that following further evaluation and/or exploration work that the confidence in prior reported exploration results may be reduced. However, nothing has come to the attention of AVW that causes it to question the accuracy or reliability of TKL’s exploration results. AVW has not independently validated TKL’s exploration results and therefore is not to be regarded as reporting, adopting or endorsing these results.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Strategic Regional Infrastructure: The Project's high-grade profile and strategic location allow for economically viable long-haul trucking to existing or reconfigured regional processing facilities in the Eastern Goldfields.

Capital Raising: Firm commitments received for 2 Tranche Placement to raise $2.5 million at $0.01 per Share.

PROJECT OVERVIEW

The Mt Cattlin Gold Project is located within the southern Goldfields-Esperance region of Western Australia, approximately 430 km southeast of Perth (Figure 1). Ravensthorpe is accessed from Perth via the Brookton Highway (State Route 40). The Ravensthorpe region benefits from excellent infrastructure and a supportive community with other significant resource projects established in the local government area. The proposed development at Mt Cattlin is located 4 km north of the regional centre of Ravensthorpe and situated within the Shire of Ravensthorpe.

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Figure 1: Location of Mt Cattlin Gold Project (E74-401) and regional setting of project, 430 kms ESE of Perth.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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The Project is an exploration-stage asset situated on Exploration Licence 74/401 immediately adjacent to the large-scale Mt Cattlin Lithium Mine (now part of Rio Tinto Lithium) and presents a compelling high-grade gold opportunity containing the key Maori Queen and Sirdar gold deposits. Its historical production of 23,006 tonnes at an impressive 24.56 g/t Au demonstrates the Project's significant gold endowment. E74/401 is registered in the name of Galaxy Lithium Australia Pty Ltd (100%), a subsidiary of Rio Tinto Lithium. Avira will acquire all mineral rights to the tenement apart from pegmatite minerals, which are retained by Rio Tinto Lithium.

Mineral Resource Estimate (MRE)

Mt Cattlin 2021 MRE

The Mt Cattlin Gold Project boasts a long and productive history, with numerous small mines operating at the turn of the 20[th] century. Today, the Project's core resource base comprises the Maori Queen and Sirdar gold deposits.

In June 2021, Traka Resources Limited (ASX:TKL) (now named Liberty Metals Ltd, ASX:LIB) completed a JORC 2012 Compliant MRE for these two deposits (TKL: 22/06/21 ASX). This MRE defined 22,940 ounces of gold at an average grade of 3.94 g/t Au, classifying approximately 60% as Indicated and 40% as Inferred (Table 1). The estimation utilized implicit modelling techniques via Leapfrog software.

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Table 1: Maori Queen and Sirdar Mineral Resource Estimates, 22 June 2021. It is possible that following further evaluation and/or exploration work that the MRE that was reported by TKL may be reduced. However, nothing has come to the attention of AVW that causes it to question the accuracy or reliability of TKL’s MRE. AVW has not independently validated TKL’s MRE and therefore is not to be regarded as reporting, adopting or endorsing these results.

Summary of Work Programs and Exploration Results

The foundation of the MRE was an exploration program that commenced with high-resolution aeromagnetic and Induced Polarisation (IP) surveys in late 2020 to map structures and generate new targets beneath the known prospects. The IP survey, covering approximately 20% of the project area, identified both Resistive (silica alteration) and Chargeable anomalies.[4]

4 Traka Resources Ltd ASX Announcement, 13th October 2020: "Geophysical targets on the Mt Cattlin Gold Project".

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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A systematic drilling campaign was initiated in December 2020 and completed by April 2021.[5] This program successfully tested the historic gold mines (Maori Queen and Sirdar) and new geophysical targets.[6] The total program comprised of 3,182m of Reverse Circulation (RC) and 586.8m of Diamond Drilling (DD).[7] Drilling successfully demonstrated the presence of openended high-grade mineralisation.[8] Concurrent with drilling, a program of soil geochemical sampling using multi-element technology was undertaken to highlight extensions to old anomalies and identify pathfinder elements.[9]

Estimation Methods and Key Assumptions[10]

Methods Used to Prepare the Estimates: The MRE was completed in compliance with the JORC (2012) Code. It incorporated both the recent RC and DD drill data, along with relevant historical drilling information. This information is tabled in Appendix 1 Tables 2 and 3. The technical inputs, methodology, and parameters of the estimate (Appendix 1 Tables 4, 5 & 6) were verified by internal audits completed by Traka Resources.

Key Assumptions and Parameters:

Cut-off Grades: The MRE was constrained by pit-optimisation shell assumptions, supporting a Reasonable Prospects for Eventual Economic Extraction (RPEEE) assessment for open-pit mining. The bottom cut-off grades applied were 1.0 g/t Au for Maori Queen and 0.5 g/t Au for Sirdar.
Resource Classification: Classification was based on sample density and data continuity. For Sirdar, blocks were classified as Indicated where >7 samples were present and the average distance was <20m; all other Sirdar blocks and all Maori Queen blocks were classified as Inferred due to low sample density.

Mining and Processing Parameters: As a preliminary MRE, the estimate is based on the assumption of potential open-pit mining due to the shallow nature of the resource. The MRE announcement and preceding exploration reports do not contain detailed metallurgical test results or specific processing parameters.

Maori Queen Gold Deposit

Drilling at Maori Queen, comprising 43 RC and diamond holes, intersected the primary structure in 20 instances. These intersections define a significant 150-meter strike length and 100-meter down-dip extent for the mineralisation. The Maori Queen vein trends northeast and dips at 70 degrees to the northwest, importantly remaining open both at depth and along strike. Historical mining activities have depleted the near-surface resource to an estimated depth of 30 metres. A 1 g/t gold cut-off established the mineralization wireframe, which subsequently defined the resource domain (Figure 2). However, due to the absence of a robust variogram for this specific style of mineralization, the resource within this domain currently warrants only an Inferred

5 Traka Resources Ltd ASX Announcement, 2nd December 2020: "Mt Cattlin Gold Project - commencement of drilling".

6 Traka Resources Ltd ASX Announcement, 2nd December 2020: "Mt Cattlin Gold Project - commencement of drilling".

7 Traka Resources Ltd ASX Announcement, 12th February 2021: "Drillhole intersections - Mt Cattlin Gold Project".

8 Traka Resources Ltd ASX Announcement, 12th February 2021: "Drillhole intersections - Mt Cattlin Gold Project".

9 Traka Resources Ltd ASX Announcement, 7th January 2021: "Mt Cattlin Gold Project - Project Update" (references and soil sampling).

10 Traka Resources Ltd ASX Announcement, 22nd June 2021: "Maiden high-grade gold resource at Mt Cattlin".

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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classification. This necessitates further drilling to increase data points and improve geological confidence.

The Maori Queen Mineral Resource is constrained within a single quartz veined structure called the Main Lode within a shear zone (Figure 3). The Mineral Resource is calculated to 100m vertical depth, but mineralisation is open along strike and at depth. There are parallel lodes both footwall and hanging wall to the Main Lode within the shear zone, but these have not been included in the resource calculation as they appear to be lower grade positions.

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Figure 2: Maori Queen Oblique Section showing conceptual Exploration Target (yellow shapes) – footwall and hanging-wall lodes to Main Lode (red shape).

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Figure 3: Maori Queen cross-section example showing the nature and continuity of the Main Lode below old mine workings.

Sirdar Gold Deposit

At the Sirdar prospect, 80 RC and diamond holes delineated mineralization over a 115-metre strike length, broadly following a northeast trend. Within this general trend, high-grade mineralization displays a distinct, narrower NNW strike, extending down-plunge for over 100 metres within largely undifferentiated mafic volcanics. The Sirdar mineralisation is hosted in strongly altered and stockwork quartz veined dolerite. Gentle to moderately east-dipping pegmatite sheets are common throughout the area, with the resource model's lower boundary truncating against an intrusive pegmatite sill, estimated at 10-15m in thickness (Figure 4). Importantly, significant potential exists for the resource to extend beneath this pegmatite, as evidenced by intercept RAGD038, which returned 1.6 metres at 19.2 g/t Au approximately 100 metres below the sill. Further work is required to determine potential structural offsets beneath this pegmatite that could host additional mineralization. While various cut-off grades were explored during the 3D mineralization model generation, the 0.5 g/t threshold proved most effective for defining the complex geometry, acknowledging limited continuity along strike. Closely spaced drilling remains essential to define individual high-grade shoots effectively.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Figure 4: Sirdar Section (looking NE) showing the position of the IP anomaly associated with the Sirdar Mineral Resource, the hanging wall mineralised structure and the intersections on it at the margin of the IP anomaly (TKL ASX: 17 Mar 2022).[11] Conceptual Exploration Target beneath pegmatite sill remains poorly tested.

Exploration Potential & Future Programs

The Mt Cattlin Gold Project offers significant remaining exploration upside, extending well beyond its current MRE at Maori Queen and Sirdar. The Project's high-grade, narrow-veined nature consistently indicates that even small extensions can yield a substantial number of ounces, providing immediate resource expansion potential beyond the existing 22,940 ounces. Consequently, targeted infill and step-out drilling campaigns hold the promise of growing the project's resource base.

Furthermore, mounting geological evidence strongly suggests the presence of a large, multiphased intrusive complex across the Mt Cattlin Gold-Copper Project (TKL: 16/05/22 ASX).[12]

11 ASX:TKL “Growing confidence at Mt Cattlin - 3 new intrusives” released 17 March 2022. It is possible that following further evaluation and/or exploration work that the confidence in prior reported exploration results may be reduced. However, nothing has come to the attention of AVW that causes it to question the accuracy or reliability of TKL’s exploration results. AVW has not independently validated TKL’s exploration results and therefore is not to be regarded as reporting, adopting or endorsing these results.

12 ASX:TKL “Vector to mineralised core of Mt Cattlin Gold Copper Project” released 16 May 2022. It is possible that following further evaluation and/or exploration work that the confidence in prior reported exploration results may be reduced. However, nothing has come to the attention of AVW that causes it to question the accuracy or reliability of TKL’s exploration results. AVW has not independently validated TKL’s exploration results and therefore is not to be regarded as reporting, adopting or endorsing these results.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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This intrusive activity accounts for the observed concentration of mineralization and carries positive implications for delineating economic-scale mineralization across the broader tenure. Numerous near-surface gold-copper prospects already drilled, such as Revelation (where mineralization has remobilised into late-stage structures), Sirdar, Maori Chief, Ellendale, Plantagenet, and Revival, appear to reside within the highly altered, strongly magnetic skarn zones that typically form peripheral to such intrusives (Figure 5).

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Figure 5: Mt Cattlin Intrusive Complex Architecture, showing MT survey placing buried intrusives on the large flat lying intrusive (tonalite)

Assessment of Untested Targets

Analysis of Traka Resources' ASX releases, geological maps, drill logs, and available geophysical data consistently reveals several areas that exhibit strong geological and structural analogies to the known mineralization. These prospective areas remain either undrilled or sparsely drilled and represent compelling targets for immediate follow-up exploration:

Strike Extensions: Apparent open-ended mineralization along strike presents immediate opportunities to expand the known resource footprint.
Down-Dip Extensions: Potential for the continuity of high-grade veins at depth exists, particularly where previous drilling has not adequately tested the full vertical extent of the mineralized system.
Parallel Structures: Identification of parallel shear zones or vein systems, exhibiting similar geological characteristics or coincident geophysical anomalies, indicates additional untested exploration corridors.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Prospects with Encouraging Gold Exploration Potential

Several prospects outside the core Maori Queen and Sirdar deposits have already yielded highly encouraging drill intercepts, underscoring the broader potential of the Mt Cattlin Project:

Plantagenet: Drillhole RAGC084 intersected a significant 4 metres at 15.07 g/t Au, 1.28 g/t Ag, and 0.10% Cu from 61 metres downhole within a broader 20-metre-wide mineralized zone (Figures 6a & 6b). This included a compelling 1 metre at 57.0 g/t Au, 0.41 g/t Ag, and 0.02% Cu. These high-grade results confirm the presence of robust gold mineralization beyond the current resource areas (TKL ASX: 10 Jan, 2022) .[13]

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Figure 6a: Aeromagnetic image of the Plantagenet Prospect showing the coincident north-east trending soil geochemical and aeromagnetic anomalies, drill hole positions and a selection of intersections.

13 ASX:TKL “Initial drill results Plantaganet and Grafter (Mt Cattlin)” released 10 January 2022. It is possible that following further evaluation and/or exploration work that the confidence in prior reported exploration results may be reduced. However, nothing has come to the attention of AVW that causes it to question the accuracy or reliability of TKL’s exploration results. AVW has not independently validated TKL’s exploration results and therefore is not to be regarded as reporting, adopting or endorsing these results.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Figure 6b: A cross-section example of the mineralisation intersected at the Plantagenet Prospect

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Ellendale : Drillhole RAGC072 encountered 19 metres at 1.25 g/t Au, 0.5% Cu, while RAGC073 encountered 11 metres at 2.5 g/t Au, 2.94 g/t Ag, and 0.29% Cu from 77 metres downhole within a 30-metre-wide zone (Figure 7 & 8). This intercept included a high-grade core of 1 metre at 11.8 g/t Au, 1 g/t Ag, and 0.11% Cu, as well as 2 metres at 3.05 g/t Au, 3.39 g/t Ag, and 0.29% Cu, highlighting wider zones of anomalous gold and base metals (TKL ASX: 15 Dec 2021) .[14]

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Figure 7: Ellendale Mine Porphyry Target. Old mine along 400m NE striking shear zone. Historic shallow drilling ineffective.. Poorly tested target.

14 ASX:TKL “Initial drill results Revelation and Ellendale Prospects” released 15 December 2021. It is possible that following further evaluation and/or exploration work that the confidence in prior reported exploration results may be reduced. However, nothing has come to the attention of AVW that causes it to question the accuracy or reliability of TKL’s exploration results. AVW has not independently validated TKL’s exploration results and therefore is not to be regarded as reporting, adopting or endorsing these results.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Figure 8: Cross section of the Ellendale Gold Prospect showing a significant high-grade gold trend in RAGC072 (19m @ 1.25g/t) and RAGC073 (11m @ 2.5 g/t).

Revival : Drillhole RAGC094 delivered 4 metres at 5.53 g/t Au from 76 metres downhole, including 1 metre at 18.0 g/t Au. Furthermore, a separate zone within the same hole returned 7 metres at 5.91 g/t Ag and 1.56% Cu from 86 metres, with higher-grade intervals of 1 metre at 8.96 g/t Ag, 1.56% Cu and 1 metre at 14.0 g/t Ag, 2.33% Cu (TKL ASX: 25 Feb, 2022).[15] These results demonstrate both significant gold and polymetallic (silver-copper) potential within broader mineralized envelopes (Figure 9a & 9b).

Other prospects within the Project, including Revelation and Grafter, have also received significant attention under Traka Resources' tenure, each reporting encouraging results that warrant further investigation.

15 ASX:TKL “More high-grade gold and copper intercepts at Mt Cattlin” released 25 February 2022. It is possible that following further evaluation and/or exploration work that the confidence in prior reported exploration results may be reduced. However, nothing has come to the attention of AVW that causes it to question the accuracy or reliability of TKL’s exploration results. AVW has not independently validated TKL’s exploration results and therefore is not to be regarded as reporting, adopting or endorsing these results.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Figure 9a: A plan view of the Revival Prospect shown historic and RAGC092 & RAGC094 location on aeromagnetic image with geochemistry information draped over.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Figure 9b. A cross-section of the mineralisation intersected at the Revival Prospect.

Planned Activities and Advancement Strategy

AVW intends to execute a focused, phased strategy aimed at rapidly de-risking and expanding the Mt Cattlin Gold Project. This strategy is contingent upon the successful attainment of capital through the announced raise and may be adjusted based on field conditions, permitting timelines, and results. AVW notes the tenement (E74/401) currently has an expiry date of 13 March 2026. Following completion of the Acquisition, AVW intends to work with the tenement holder in applying for an extension of term for the tenement.

Phase 1: Resource Confirmation and Upgrade (Targeted Q4 2025 – Q3 2026)

This phase focuses on maximizing the value of the existing mineralization at the Sirdar and Maori Queen deposits through targeted technical work:

Data Compilation & Targeting: A systematic review of all historical and new project data is intended to be completed (targeted Q4 2025 – Q1 2026) to refine geological models and build a pipeline of new exploration targets.
Targeted Resource Drilling: A core drilling program is anticipated to be executed (targeted Q2 – Q3 2026). This program will be specifically designed to:

Avira Resources Limited

Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Confirm and clarify the extent and quality of the known mineralization.
Work towards upgrading a significant portion of the current Inferred Resources to Indicated status.

Phase 2: Resource Growth and Expansion (Targeted Q4 2026 Onwards)

This phase translates technical results into resource and discovery growth:

Revised Mineral Resource Estimate (MRE): The new drilling data is intended to underpin a revised JORC MRE (targeted Q4 2026), with the objective of materially increasing the total resource base and confidence level.
New Target Testing: Following the MRE, the Company plans to progress the highestpriority, data-driven exploration targets (identified in Phase 1) to the drilling stage, expanding the Project's resource footprint.

Competent Persons Statement

The information in this announcement that relates to Mineral Resource estimates and Exploration Results is based on, and fairly represents, information extracted from ASX announcements previously made by Traka Resources Limited ( TKL ) (now named Liberty Metals Ltd, ASX:LIB), which are available to view on the ASX website (ASX code: TKL). This information has been reviewed by Mr Andrew Van Bentum, a consultant to Avira Resources Ltd, who considers the information to be a fair and reasonable representation of the available data and studies in relation to the Mt Cattlin Gold Project.

Mr Van Bentum has not independently estimated the Mineral Resources or verified the underlying exploration results and accepts no responsibility for their original compilation, which remains that of TKL. His responsibility is limited to reviewing the published material and confirming its fair presentation in this announcement.

Mr Van Bentum is a Member of the Australian Institute of Geoscientists and has sufficient experience relevant to the style of mineralisation, type of deposit, and activity under consideration 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’. Mr Van Bentum consents to the inclusion in this report of the matters reviewed by him in the form and context in which they appear.

Compliance Statement

Avira Resources Ltd confirms that it is not aware of any new information or data that materially affects the information contained in the original ASX announcements made by TKL and, to the extent that estimates, results, or information are reported, that all material assumptions and technical parameters underpinning those estimates and results continue to apply and have not materially changed.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Terms of the Acquisition

Pursuant to a binding heads of agreement ( Agreement ), Avira has agreed to acquire 100% of the shares in Prowse Commodities Pty Ltd ( Prowse ), which has the contractual rights to acquire a 100% interest in the gold and other mineral rights (excluding pegmatite minerals) on exploration licence E74/401 ( Mineral Rights ), referred to as the Mt Cattlin Gold Project, from Traka Resources Limited (ASX:TKL).

The material terms of the Agreement are set out below:

Consideration : Avira has agreed to issue an aggregate of 25,000,000 Shares and 75,000,000 Performance Rights (in three equal classes of 25,000,000 each) to the Prowse shareholders in proportion to their interests in Prowse. Avira has also agreed to issue to TKL 20,000,000 Shares and 20,00,000 Performance Rights. The vesting conditions of the Performance Rights are set out in Schedule 1 and these will otherwise be issued on terms and conditions considered standard for these types of securities.

Royalty : On completion AVW will grant to the Prowse shareholders a 1% net smelter return royalty. The royalty may be bought out by AVW for $1,000,000.

Conditions Precedent : Completion of the acquisition remains conditional upon the satisfaction (or waiver) of the following conditions precedent:

Due diligence : completion of due diligence by Avira on Prowse’s business and operations, including any subsidiaries and the Mineral Rights, to the satisfaction of Avira;
Mineral Rights unconditional : Prowse’s rights to acquire the Mineral Rights being unconditional other than in relation to settlement of the Agreement;
Prowse shareholder acceptance : all of the Prowse shareholders accepting offers (when made) in respect of 100% of their Prowse shares; and
Regulatory approvals : Avira obtaining all necessary regulatory and shareholder approvals required to complete the Agreement including, without limitation, Avira shareholder approval to issue the consideration securities in accordance with the requirements of the ASX Listing Rules and the Corporations Act and any additional items which may be agreed in writing between the parties or required by ASX.

Avira expects these conditions precedent to be satisfied on or before 30 November 2025 with the transaction to complete shortly after.

The shareholders of Prowse are unrelated parties to the Company. Two of the shareholders of Prowse are currently substantial holders of the Company: Mathew Walker (9.13%) and Jason Peterson (8.97%). Avira notes each of these persons has confirmed to Avira that they are not associates of one another under the Listing Rules or the Corporations Act and that individually they do not have the capacity to determine the outcome of decisions about Prowse’s financial and operating policies.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Capital Raise

Avira confirms it has received firm commitments from various institutional, professional and sophisticated investors to raise $2,500,000 before costs ( Placement ).

The Placement involves the issue of 250,000,000 fully paid ordinary shares in the capital of the Company ( Shares ) at an issue price of $0.01 per Share.

The Placement will be conducted in two tranches. The Shares issued under the first tranche will be issued using the Company’s placement capacities under Listing Rule 7.1 (34,500,000 Shares). The issue of the remaining 215,500,000 Shares, which includes participation by an entity associated with Director, James Robinson for 3,000,000 Shares ($30,000), remains subject to shareholder approval.

Settlement of the Shares issued under the first tranche is expected to occur on or about 27 October 2025.

The Company has entered a mandate with CPS Capital Group Pty Ltd (Australian Financial Services Licence 294848) ( Lead Manager ) to act as lead manager in relation to the Placement ( Mandate ). The fees payable by the Company to the Lead Manager (or its nominee/s) under the Mandate are 6% (excluding GST) of the gross funds raised under the Placement (comprising a 1% management fee and a 5% placement fee), payable in cash, and 50,000,000 options to acquire Shares (each in the existing quoted class AVWOB, exercise price of $0.015 each and expiry date of 30 June 2027) to be issued at a cost of $0.0001 each (total consideration of $5,000) ( Capital Raising Options ). The issue of the Capital Raising Options remains subject to shareholder approval.

The funds raised from the Placement together with existing cash are intended to be used for exploration costs (including drilling and data processing) on the Mt Cattlin Project, further exploration costs (including drilling and data processing) on the Company’s existing Tangadee Project, costs of the Placement, corporate administration costs and general working capital. This is a statement of current intentions as at the date of this announcement. As with any budget, the allocation of funds may change depending on a number of factors including, but not limited to, the success of exploration programs, as well as regulatory developments and economic conditions. In light of this, the Board reserves the right to alter the way funds are applied.

The Company also proposes to issue a total of 50,000,000 Options (each in the existing quoted class AVWOB, exercise price of $0.015 each and expiry date of 30 June 2027) to its directors subject to shareholder approval.

Appendices 3B in relation to the Placement, the Capital Raising Options, the consideration securities in relation to the Acquisition and the Director Options have been lodged with ASX at the same time as this announcement.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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For, and on behalf of, the Board of the Company, and authorised for release.

David Deloub Executive Director Avira Resources Limited

ENDS

Shareholders and other interested parties can speak to Mr. David Deloub if they have any queries in relation to this announcement: +61 8 6385 2282.

About Avira Resources Limited

Avira Resources Limited (AVW) is an ASX listed mining exploration company exploring for gold, copper and base metals with projects in Western Australia and Sweden.

The Tangadee Project currently consists of three granted exploration licences E52/4411 E52/4439 and E52/4413 for a total of 249 blocks or 779 km[2 ] located in the Ashburton region of Western Australia which straddles the faulted contact between the Edmund and Collier Basins in the Capricorn Orogen of Western Australia. Avira is targeting sediment-hosted Cu-Zn sulphide and magmatic Cu-Ni sulphide deposits, principally by drill testing late-time EM conductors (VTEM) that lie either on or close to the intersection of the major, east-trending Mount Vernon Fault and NE and NW trending splays and linking structures.

The Puolalaki Project currently comprises a single exploration permit (Puolalaki nr 100) centred over a synorogenic gabbro intrusion that hosts the nickel mineralisation discovered by NAN in 1998[1] . In addition to the Ni-Cu-Co mineralisation at Puolalaki, the project also contains significant, high-grade gold mineralisation across two zones within the metasediments and metavolcanics surrounding the gabbro. The project is located in Sweden’s premier Gällivare mining district which is host to Europe’s largest open-cut copper mine Aitik, owned by Boliden and to LKAB’s Malmberget iron-ore mine.

Forward looking statements

This announcement contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements does not guarantee future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the directors and our management. We cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. We have no intention to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by law. These forward-looking statements are subject to various risk factors that could cause our actual results to differ materially from the results expressed or anticipated in these statements.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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SCHEDULE 1 – PROFORMA CAPITAL STRUCTURE

Security
Shares
Shares currently on issue	230,000,000
Shares to be issued in relation to Tranche 1	34,500,000
Sub-total	264,500,000
Shares to be issued in relation to Tranche 21	215,500,000
Shares to be issued to Prowse shareholders1	25,000,000
Shares to be issued to TKL1	20,000,000
Total Shares on issue on completion of the Placement and Acquisition	525,000,000
Options
Options currently on issue
 Unquoted – Ex @ $0.06 expiring 30/06/27	20,125,001
 Quoted – Ex @ $0.015 expiring 31/06/27	170,781,470
Options to be issued1
 Capital Raising Options: Quoted – Ex @ $0.015 expiring 31/06/27	50,000,000
 Director Options: Quoted – Ex @ $0.015 expiring 31/06/27	50,000,000
Total Options on issue on completion of the Placement and Acquisition	290,906,471
Performance Rights
Performance Rights currently on issue	Nil
Performance Rights to be issued to Prowse shareholders1
 Unquoted – vesting on commencement of drilling at the Mt Cattlin Project	25,000,000
within 24 months of completion, expiring 24 months of completion
 Unquoted – vesting on extension/conversion of EL74/401 within 24 months of completion, expiring 24 months of completion	25,000,000
 Unquoted – vesting on confirmation of a JORC-compliant Indicated Mineral
Resource of not less than 50,000 oz of contained gold at a cutoff grade of	25,000,000
not less than 1g/t within 24 months of completion, expiring 24 months of
completion
Performance Rights to be issued to TKL1
 Unquoted – vesting on confirmation of a JORC-compliant Indicated Mineral	20,000,000
Resource of not less than 250,000 oz of containedgold at a cutoffgrade of

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

95,000,000

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not less than 1g/t within 36 months of completion, expiring 36 months of completion

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Total Performance Rights on issue on completion of the Placement and Acquisition

Notes:

1 Subject to shareholder approval

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Appendix 1

All information contained in this appendix was originally published in the Traka Resources (ASX:TKL) announcement dated 22 June 2021. This appendix includes details of the drill holes and intersections used to define the Mineral Resource Estimate (MRE), as well as the JORC Code (2012 Edition) Table 1 Sections 1, 2, and 3, which support the MRE disclosure.

Table 2. The drillholes and intersections on the Maori Queen Main Lode used to define the 1 g/t Au bottom cut-off mineralised model .

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Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Table 3. The drillholes and intersections on Sirdar used to define the 0.5 g/t Au bottom cut- off mineralised model.

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Hole From To Drill
Easting Northing Intercepts Company
No (m) (m) Type
19 21 2m @ 3.58 g/t Au, 302ppm Cu
RAGC003 226882 6284354 39 40 1m @ 2.63g/t Au, 0.32% Cu
Traka RC
42 44 2m @ 7 g/t Au, 159ppm Cu
51 53 2m @ 2.43 g/t Au, 32.5ppm Cu
RAGC004 226867 6284369 73 74 1m @ 4.2 g/t Au, 44ppm Cu
Traka RC
77 78 1m @ 1.7g/t Au, 56ppm Cu
RAGC005 226859 6284334 40 41 1m @ 2.6 g/t Au, 0.16% Cu Traka RC
RAGC006 226845 6284346 52 72 20m @ 2.9 g/t Au, 0.26% Cu Traka RC
RAGC007 226840 6284320 55 57 2m @ 2.5 g/t Au, 0.27% Cu
Traka RC
62 63 1m @ 1.0 g/t Au, 979ppm Cu
RAGC008 226826 6284331 21 22 1m @ 1.1 g/t Au, 411ppm Cu
Traka RC
30 31 1m @ 1.6 g/t Au, 0.12% Cu
RAGC018 226829 6284285 30 41 11m @ 2.5 g/t Au, 870ppm Cu
Traka RC
73 74 1m @ 131.2 g/t , 598ppm Cu
RAGC019 226831 6284305 53 68 15m @ 5.2 g/t Au, 0.25% Cu Traka RC
RAGC021 226898 6284346 22 23 1m @ 8.0 g/t Au, 49ppm Cu
Traka RC
24 25 1m @ 2.8 g/t Au, 134ppm Cu
RAGC024 226852 6284307 33 34 1m @ 15g/t Au, 788ppm Cu Traka RC
226854 6284357 36 37 1m @ 2.1 g/t Au, 91ppm Cu
RAGC025 226854 6284357 46 47 1m @ 1.3 g/t Au, 21ppm cu
Traka RC
226854 6284357 66 67 1m @ 1.1 g/t Au, 38ppm Cu
226854 6284357 72 73 1m @ 1.2 g/t Au, 393ppm Cu
RAGC026 226868 6284348 79 80 1m @ 2.7 g/t Au, 0.43% Cu Traka RC
RAGC027 226872 6284316 31 32 1m @ 6.8 g/t Au, 112ppm Cu Traka RC
8 9 1m @ 2.3 g/t Au, 910ppm cu
17 18 1m @ 4.3 g/t Au, 618ppm Cu
RAGC028 226840 6284288
23 24 1m @ 8.5 g/t Au, 0.27% Cu Traka RC
55 56 1m @ 1.2 g/t Au, 373ppm Cu
74 75 1m @ 1.4 g/t Au
RAGC029 226812 6284293 80 82 2m @ 1.1 g/t Au, 0.13% Cu Traka RC
RAGC030 226803 6284277 7 8 1m @ 2.2 g/t Au, 66ppm Cu
Traka RC
58 59 1m @ 15.2 g/t Au, 33ppm Cu
15 16 1m @ 1.6 g/t Au, 219ppm Cu
18 19 1m @ 1.3 g/t Au, 866ppm Cu
RAGD038 226862 6284251
24 28.5 4.5m @ 1.7 g/t Au, 0.10% Cu Traka DD
44.63 45.6 0.97m @ 5.9 g/t Au, 962ppm Cu
268.9 270.5 1.6m @ 19.2 g/t Au
17 26 9m @ 9.3 g/t Au, 659ppm Cu
44.8 54 9.2m @ 8.1 g/t Au, 0.14%Cu
60.65 62 1.35 @ 1.3 g/t Au, 0.30% Cu
64 65 1m @ 6.8 g/t Au, 60ppm Cu
RAGD039 226843 6284269
68 69 1m @ 2.0 g/t Au, 119ppm Cu Traka DD
74 75 1m @ 53.6 g/t Au, 112ppm Cu
81 82 1m @ 1.2 g/t Au, 23ppm Cu
94 95 1m @ 3.1 g/t Au, 483ppm Cu
108.2 108.7 0.5m @ 1.3 g/t au, 89ppm Cu
RAGC040 226835 6284310 50 52 2m @ 4.0 g/t Au, 850ppm Cu Traka RC
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Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Hole From To Drill
Easting Northing Intercepts Company
No (m) (m) Type
RAGC041 226889 6284341 9 10 1m @1.7 g/t , 129ppm Cu
Traka RC
15 16 1m @ 1.9 g/t Au, 58ppm Cu
RAGC045 226837 6284328 78 79 1m @ 5.3 g/t Au, 98ppm Cu Traka RC
RAGC046 226829 6284366 85 86 1m @ 5.4 g/t au, 262ppm Cu
Traka RC
89 92 3m @ 1.4 g/t Au, 0.15% Cu
RAGC049 226789 6284370 22 23 1m @ 1.0 g/t Au, 287ppm Cu Traka RC
0 2 2m @ 1.2 g/t Au
RR0091 226859 6284295 20 21 1m @ 4.3 g/t Au, 965ppm Cu
Metana DD
23 25 2m @ 4.4 g/t Au, 0.14% Cu
30 31 1m @ 1.0 g/t Au, 247ppm Cu
34 46 12m @ 4.9 g/t Au, 0.25% Cu
RR0092 226844 6284282 49 54 5m @ 1.9 g/t Au, 0.20% Cu
Metana DD
71 72 1m @ 4.3 g/t Au, 510ppm Cu
80 81 1m @ 1.6 g/t Au, 99ppm Cu
RR0093 226814 6284242 37 38.2 1.2m @ 7.1g/t Au Metana DD
RR0094 226826 6284228 29.5 30.5 1m @ 1.0 g/t Au
Metana DD
41.3 42.5 1.2m @ 2.7 g/t Au
12 13 1m @ 1.6 g/t Au, 544ppm Cu
RR0124 226831 6284267 30 38 8m @ 6.8 g/t Au, 692ppm Cu
Metana DD
55 56 5m @ 6.5 g/t Au, 0.19% Cu
77 78 1m @ 1.6 g/t Au, 0.17.5% Cu
RR0125 226869 6284306 28 30 2m @ 1.0 g/t Au, 218ppm Cu
Metana RC
32 34 2m @ 2.2 g/t Au, 0.19% Cu
RR0126 226850 6284317 30 32 2m @ 1.9 g/t Au, 0.26% Cu
Metana DD
53 54 1m @ 1.0 g/t Au, 0.18% Cu
67 68 1m @ 6.1 g/t Au, 0.21% Cu
RR0128 226830 6284292 69 70 1m @ 1.3 g/t Au, 0.11% Cu
Metana DD
100 102 2m @ 8.2 g/t Au, 719ppm cu
105 106 1m @ 2.4 g/t Au
89 95 6m @ 2.3 g/t Au, 0.28% Cu
RR0132 226812 6284274 104 106 2m @ 4.1 gr/t Au, 439ppm Cu Metana DD
108 109 1m @ 1.2 g/t Au, 745ppm cu
0 4 4m @ 2.4 g/t Au, 100ppm Cu
RR0133 226839 6284301 6 8 2m @ 1.5 g/t Au, 95ppm Cu
Metana DD
34 42 8m @ 26.3 g/t Au, 0.19% Cu
46 49 3m @ 7.8 g/t Au, 0.18% Cu
34 36 2m @ 6.9 g/t Au
RR0135 226828 6284260 84 85 1m @ 1.2 g/t Au Metana RC
100 101 1m @ 1.9 g/t Au
RR0136 226908 6284323 22 24 2m @ 15.4 g/t Au, 24ppm Cu Metana RC
RR0138 226889 6284339 26 28 2m @ 5.3 g/t Au, 79ppm Cu Metana RC
22 24 2m @ 148.7 g/t Au, 117ppm Cu
RR0139 226881 6284323 38 40 2m @ 2.7 g/t Au, 73ppm Cu Metana RC
46 48 2m @ 48.0 g/t Au, 323ppm Cu
RR0140 226865 6284334 34 38 4m @ 1.4 g/t Au, 0.11% Cu
Metana RC
42 44 2m @ 2.5 g/t Au, 482ppm Cu
RR0144 226833 6284334 12 14 2m @ 3.9 g/t Au, 868ppm Cu
Metana RC
18 20 2m @ 2.7 g/t Au, 56ppm Cu
4 10 6m @ 1.5 g/t Au, 0.20% Cu
RR0145 226855 6284263 66 67 1m @ 1.9 g/t Au, 224ppm cu Metana DD
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Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Hole From To Drill
Easting Northing Intercepts Company
No (m) (m) Type
69 76 7 @ 5.3 g/t Au, 232ppm Cu
78 79 1 @ 3.3 g/t Au, 132ppm Cu
RR0148 226815 6284245 18 20 2m @ 19.8 g/t Au Metana DD
RR0153 226807 6284305 146 147 1m @ 2.1 g/t Au Metana DD
SRC002 226886 6284331 34 40 6m @ 10.0 g/t Au
Aquarius RC
44 46 2m @ 1.2 g/t Au
SRC003 226869 6284308 30 32 2m @ 1.0 g/t Au, 835ppm Cu
Aquarius RC
68 70 2m @ 14.6 g/t Au, 155ppm Cu
0 2 2m @ 1.4 g/t Au, 310ppm Cu
SRC004 226852 6284289
8 10 2m @ 1.2 g/t Au, 0.12% Cu
Aquarius RC
28 30 2m @ 1.2 g/t Au, 675ppm Cu
52 54 2m @ 2.3 g/t Au, 340ppm cu
2 4 2m @ 1.2 g/t Au, 680ppm Cu
SRC005 226838 6284271
20 28 8m @ 6.7 g/t Au, 0.12% Cu
Aquarius RC
44 58 14m @ 6.6 g/t Au, 014% Cu
62 64 2m @ 1.2 g/t Au
SRC007 226874 6284329 28 30 2m @ 4.4 g/t Au Aquarius RC
SRC008 226862 6284314 36 48 12m @ 3.0 g/t Au, 018% Cu
Aquarius RC
70 73 3m @2.8 g/t Au
SRC009 226907 6284337 14 16 2m @ 1.4 g/t Au, 425ppm Cu Aquarius RC
SRC010 226891 6284323 39 40 1m @ 1.3 g/t Au, 118ppm Cu Aquarius RC
SRC012 226913 6284334 12 16 4m @ 1.3 g/t Au Aquarius RC
SRC013 226900 6284315 40 42 2m @ 1.6 g/t Au, 705ppm Cu Aquarius RC
SRC015 226850 6284255 20 22 1m @ 3.1 g/t Au, 120ppm Cu Aquarius RC
Minor <1m interval dilution,Cut off > 1g/t MGA94_Zone 51
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Table 4. Maori Queen - Statistical analysis of RC drillholes original and duplicate sample data

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Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Table 5. Sirdar – Statistical analysis of RC drillholes original and duplicate sample data

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Table 6. A summary presentation of Averaged Specific Gravity (SG) data using 1765 measure records from the nearby Galaxy Lithium Mine who shares the same host rocks to mineralisation as Traka does at Maori Queen and Sirdar.

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Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Table 7 – JORC Code Table 1 Pertaining to Mineral Resource calculations on the historic Sirdar and Maori Queen Mines of the Mt Cattlin Gold Project

Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.)

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Criteria Explanation Comment
Nature and quality of  RC and diamond drill samples were used to calculate the mineral resources at
Sampling sampling. Maori Queen and Sirdar.
techniques Include reference to  All RC samples submitted to the laboratory were collected as 1 to 3 kg splits from
measures taken to riffle and/or cone splitters mounted to the drill rig cyclone. RC downhole sample
ensure sample intervals were 1 metre intervals, producing samples between 15kg and 25 kg in
representivity and the weight. Face sampling downhole hammers varying between 4.9” to 5.1” in
appropriate calibration diametre with either 4” or 4.5” rods were the drill-strings used. Each metre drilled
of any measurement was separately bagged and these samples kept-on site until geological logging,
duplicate sampling and all laboratory data was verified. In Traka’s 2021 drilling,
tools or systems used.
two separate splits off the cyclone were automatically collected for all samples.
Aspects of the The duplicates were assigned unique sample numbers. Where visual evidence of
determination of mineralisation was observed and/or anomalous pXRF readings indicated the
mineralisation that are presence of mineralisation the original and duplicate was submitted to the
Material to the Public laboratory. This procedure enabled an evaluation of sampling and laboratory
Report. integrity and more particularly tested for the repeatability of gold assay results in
the event of irregular nuggetty distribution.
 Diamond drill core samples submitted to the laboratory were from ½ NQ2
(47.6mm) diametre core at intervals determined by the supervising geologist, but
typically no more than 1 metre in length for any one sample. Sample intervals
were selected to avoid crossing geological contacts so that an accurate correlation
of assay results to the host rock, geological features and mineralisation could be
determined.
Drill type (e.g. core,  Maori Queen: 43 RC and diamond holes have been drilled into the immediate
Drilling reverse circulation, Maori Queen area but only 20 of these intersected the main lode and were used
techniques open-hole hammer, in the resource calculation (Table 2). Lower grade mineralisation in parallel lodes
rotary air blast, auger, both footwall and hanging to the Main Lode have not been included.
Bangka, sonic, etc)  Sirdar: 53 RC and diamond drill holes were used to in the Mineral Resource
and details (ego core calculation on Sirdar (Table 3). Several bottom cut-off grade shells were modelled
diameter, triple or and compared to produce the most robust and realistic model.
standard tube, depth  All RC and diamond drilling completed in the last program were downhole
of diamond tails, face-
surveyed. In addition, the diamond holes were orientated (using north seeking
sampling bit or other
gyro Directa Hybrid survey instrument)
type, whether core is
 Drill core orientation marks were taken at all intervals necessary or possible so
oriented and if so, by
that as much as the hole as possible was orientated. More than 95% of the
what method, etc).
diamond core was successfully orientated.
 The RC and diamond drilling completed in the last program was by Wizard Drilling
using a McCullochs DR950 dual purpose drill rig. An auxiliary compressor and a
booster gave up to 1300 cfm and 550 psi while is RC mode.
 A conventional wire line inner tube recovery technique was used for the diamond
drill part of the program.
Method of recording  RC sample recovery was very good with only slight variation in sample size
Drill sample and assessing core observed in the transition zone from weathered to fresh rock and where ground
recovery and chip sample water was first encountered.
recoveries  Ground water occurred between 20 and 50 metres vertical depth but most the RC
and results assessed. samples (95%) were kept dry by blowing out the water on drill rod changes.
Measures taken to  No sample bias was detectable in any of the drilling undertaken, irrespective of
maximise sample ground conditions. The ability to cross-reference results and correlate information
recovery and ensure across earlier generation of drilling provides a very high level of confidence.
representative nature  Drilling operations were supervised full- time by an experienced Geologist and
of the Field Assistant.
samples.  While RC drilling in addition to collection of the cyclone split sample (for laboratory
analysis), coarse grained chips were sieved-off and placed in chip trays for
Whether a relationship
geological logging and future reference. A -1 mm sieved sample was also
exists between sample
collected, bagged and analysed using pXRF on site and while drilling.
recovery and grade
and whether sample
bias may have
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Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Criteria Explanation Comment
occurred due to
preferential loss/gain
of fine/coarse material.
 Copper pXRF readings have been established as a good pathfinder to gold
mineralisation and therefor all RC and diamond core was systematically screened
by pXRF first and ahead of laboratory submission.
 There was no core loss and most the core was intact between breaks to enable
full orientation and RQD to be completed.
 Diamond coring was started in fresh rock as tails to RC pre-collars drilled in the
weathered horizon. This has avoided the common issue of core loss in the clay
rich near surface horizon.
 Traka rehabilitated Metana and Aquarius drill sites in 2004, including the 1m drill
sample bags, after verifying the drill-collar positions and confirming the integrity
of the reported data.
Whether core and chip  All RC drilling completed by Traka was logged metre by metre by an experienced
Logging samples have been geologist as drilling progressed on site. Chip-trays with a sample of each metre
geologically and was collected at the same time as logging and kept for future reference.
geotechnically logged  Drill logs for RC drilling completed by Metana and Aquarius were sourced though
to a level of detail to WAMEX.
support appropriate  All RC drill samples completed by Traka was analysed as drilling progressed by
Mineral Resource
pXRF and measure for Magnetic Susceptibility reading
estimation, mining
studies and  RC drilling by Metana was logged on site and samples split in to 2 metre
composites weighing about 3kg. Some samples were analysed for gold by
metallurgical
Genalysis Laboratory Services using AAS. Samples that returned more than 1 g/t
studies.
Au were resample at 1 metre intervals and re-assayed by Fire Assay in Metana’s
Whether logging is Perth laboratory.
qualitative or  Diamond drill holes completed by Metana were logged on site, sample intervals
quantitative in nature. marked on site and core recovery recorded (excess of 90% recovery overall). Half
Core (or core sample were submitted to the laboratories.
costean, channel, etc)
photography.
The total length and
percentage of the
relevant intersections
logged.
If core, whether cut or  RC drilling by Aquarius Exploration NL (1993) was sampled and logged at 1 metre
Sub-sampling sawn and whether intervals as drilling progressed but composited to 2m for submission for gold
techniques and quarter, half or all core and copper analysis.
sample taken.  All core was logged, and half core sample intervals submitted for analysis. The
preparation If non-core, whether remnant half core was kept in core trays and in 2004 Traka collected all available
riffled, tube sampled, core left over from Metana’s diamond drill program and stored them on pallets
rotary split, etc and in a core farm.
whether sampled wet  Traka’s drill core for current operations will be stored in the same manner.
or dry.  All Traka core is logged, photographed wet and dry and measured for RQD.
Structural measurements for features including veins, geological contacts, shears,
For all sample types,
and joints for all sections of orientated core were taken and this data used and
the nature, quality and
stored within the company’s data base.
appropriateness of the
 Quantitative geotechnical logging including RQD, core recovery, fracture frequency
sample preparation
is undertaken for the full length of all core.
technique.
 Qualitative and quantitative codes and descriptions are used to record geological
Quality control data including lithology, mineralisation, alteration, and structure.
procedures adopted  Sample preparation of recent diamond of recent diamond drill core and RC
for all sub-sampling
samples follows industry best practice. Sample preparation involves oven drying,
stages to
course crush to 70% < - 6 mm than Mixer Mill of whole sample to 80% <75
maximise representivity microns.
of samples.  Quality control of the drillhole sample data base has varied over the years as
Measures taken to drilling has been undertaken by three independent companies spanning more
ensure that the than 35 years (Aquarius, Metana and Traka). However, all operators were
sampling is professionally run companies and were applying best practice procedures at the
representative of the in time. These practices remain valid today.
situ material collected,  In relation to sample size and diamond drill hole core the ½ core sample size
including for instance
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Avira Resources Limited

Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Criteria Explanation Comment
results for field used by all companies is robust practice. For gold analysis in particular the large
duplicate/second-half sample size followed up by large >20 g pulp size for acid digest mitigates the
sampling. possibility of non- repeatable assay data because of nugget effect. The sample
and pulp size is otherwise larger then would be used if just assaying for base
Whether sample sizes metals.
are appropriate to the
 In relation to the sample size and RC drill holes they have remained the same
grain size of the
throughout. The emphasis on relatively large sample sizes to counteract the
material being
possibility of nugget effect has formed to basis for all samples collected.
sampled.
The nature, quality and  In 2000 Greenstone resampled 3 of Aquarius’s RC 2 metre composited drill holes
Quality of appropriateness of the (SRC8, 10 and 11) at Sirdar in 1 metre intervals. Greenstone’s samples were
assay data and assaying and submitted to Genalysis for Aqua Regia digest and AAS analysis. Greenstone
laboratory laboratory procedures established very good correlation of their results with that of Aquarius.
tests used and whether the  RC samples for Traka’s 2003 RC drilling program was initially submitted as 4
technique is metre composites and where anomalous gold assays was detected the I metre
considered partial or sample intervals comprising the composite were taken and re-submitted for
total. analysis. All samples were submitted to Genalysis Laboratories for Au analysis
using 25g FA25/MS and Ag, As, Co, Cu, and Pb by AT/OES.
For geophysical tools,
spectrometers,  RC and diamond drilling by Traka in 2020/2021 were submitted to Labwest
handheld XRF Laboratories for Express Gold +20 element analysis. Express Gold uses a 20g
instruments, etc, the charge and Microwave Assisted Aqua Regia digest from pulp following whole
parameters used in sample Mixer Mill grind with 80% of sample under 75-micron. The elements
determining the assayed were Au, Ag, As, Bi, Co, Au, Cr, Cu, Fe, Hg, In, Mn, Mo, Ni, Sb, Pb, Te, Tl,
analysis including U, W, Zn
instrument make and  The various analytical techniques used by various parties over several generations
model, reading times, of work has enabled a close comparison of results. All the assay and sample data
calibrations factors is valid, of good quality, repeatable where duplicated and cross checks were made
applied and their and all cases collected, manage and recorded by professionally run exploration
derivation, companies.
etc.  Duplicate sampling, re-splits of composited samples and laboratory standard
checks by all parties have resulted in a good quality reliable sample and geology
Nature of quality
data base.
control procedures
 At Maori Queen, within Traka’s 2021 RC drill program, 183 duplicate samples
adopted (e.g.
standards, blanks, were collected (Table 6). The Medium of Differences between the original and
duplicate sample was 0, which for gold with typical nuggety inhomogeneous
duplicates, external
distribution is considered good.
laboratory checks) and
whether acceptable  At Sirdar, within Traka’s 2021 RC drill program, 51 duplicate samples were
levels of accuracy (i.e. collected (Table 7). The Medium of Differences between the original and duplicate
lack of bias) and sample was 0.0002, which for gold with typical nuggety inhomogeneous
precision have been distribution is considered good.
established.  The various choices of Laboratories, analytical technics, digest and assay does not
show any material difference to the results received. This indicates mineralisation
without signs of being refractory nature and that the historic data base is reliable
to use.
 The pXRF elemental readings were used solely as a field-based geological
pathfinder and screening tool to inform the prioritization of samples for definitive
laboratory analysis. pXRF data was not incorporated into the quantitative Mineral
Resource Estimate (MRE) calculation or grade estimation for gold or copper. All
reported gold and copper grades used in the MRE are derived exclusively from
results generated by a certified commercial laboratory.
 AVW confirms it does not possess the technical specifications (make, model,
calibration, or sampling protocols) for the pXRF instrument utilized by the previous
explorer (TKL).
The verification of  Traka’s 2021 drilling of the Maori Queen Main Lode (9 holes of 16 in total) was
Verification of significant predominantly infill in nature. This being the case there was an expected
sampling and intersections by mineralised position and grade result assuming the wider spaced pre-existing drill
assaying independent or data was reliable. The outcome met expectations thereby indicating a high degree
alternative company of data integrity.
personnel.  Traka 2012 drilling of Sirdar (8 holes of 53 in total) was predominantly infill in
nature. There are 4 drilling directions used to assess the Sirdar mineralisation.
The use of twinned
This reflects earlier uncertainty of the orientation of the high-grade gold
holes.
mineralisation and that the high- grade occurs in a stacked sequence of relatively
Documentation of small shoots. Traka’s infill RC drilling in 2003 (16 RC holes) established a north-
primary data, data western dip/plunge to the Sirdar shoots and another 7 holes in 2021 added detail
entry procedures, data
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Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Criteria Explanation Comment
verification, data and confidence to the historic drill database.
storage (physical  All of Traka’s geological drill date is captured in digital format and entered into
and electronic) the companies Relational Database Geo Bank, managed full-time by the
protocols. company’s Database Manager. MicroMine, MapInfo, Global Mapper and Leapfrog
software has been used to enable full 3D modelling.
Discuss any adjustment
to assay data.  All of the historic drill logs have been captured and standardized to Traka’s digital
format to ensure full utilization of all data.
 Duplicate samples were collected from RC holes where visual and/or pXRF
readings indicated mineralisation (copper and associated gold) was likely to be
intersected. For purposes of the minerals resource calculation the average grade
of the original and composite sample was used if the interval was included in the
mineral resource shell.
Accuracy and quality of  The early generation (Metana and Aquarius) position of drill holes at Maori Queen
Location of surveys used to locate and Sirdar were positioned with reference to a local grid put in place by a Licenced
data points drill holes (collar and Surveyor. After drilling the collar positions were re-surveyed by a Licensed
down-hole surveys), Surveyor. In 2003 Traka converted the collar positions to AMG84 Zone 51 and
trenches, mine now to MGA94 Zone 51. Traka’s 2021 drilling has been located using the Average
workings and other Function on a handheld GPS. The accuracy of the GPS is between 1 and 3 metres.
locations used Because there was reference to other earlier generation surveyed drill holes the
in Mineral Resource accuracy of drill hole collar positions was readily established.
estimation.  The old local grid is not used anymore because high resolution ortho-photography
and GPS technology enables accurate positioning without use of a local grid.
Specification of the
grid system  A DEM surface was generated for the project using the ALOS radar data and the
relative elevation of the project fixed to previously surveyed drill collar datum.
used.
Quality and adequacy
of topographic control.
Data spacing for  Drill hole spacing at Maori Queen is nominally 40 metre x 40 metre but adjusted
Data spacing reporting of to test the accuracy of earlier generation drill hole data, avoid old mine workings
and Exploration Results. and to determine down dip/plunge continuity. This spacing is sufficient to
distribution establish continuity of the Main Lode, but not for the mineralisation intersected
Whether the data
in the less continues footwall and hanging wall lodes parallel to the Main Lode.
spacing and
An Inferred Resource could be confidently calculated for the Main Lode and
distribution is sufficient
Exploration Target classification if the Footwall and Hanging Wall lodes were
to establish the degree included.
of geological and grade
 Drill spacing at Sirdar is nominally 20 metres x 10 metres i.e., a high density, but
continuity appropriate
because drilling is orientated in 4 different directions it is not a particularly
for the Mineral
consistent pattern. However, modelling in 3D (Leapfrog Software) has now
Resource and Ore
enabled all the drill data to be utilized. There is a high degree of confidence
Reserve estimation
(Indicated Resource) in the mineralised model where the drill density is high.
procedure(s) and
Where drilling density is less dense, in the deeper position, the mineral resource
classifications applied. has been classified as an Inferred Resource.
Whether sample  No composited sample data has been applied at Maori Queen or Sirdar.
compositing has been
applied.
Whether the  Mineralisation at Maori Queen is dipping about 70 degrees in a north-west
Orientation of orientation of direction. All the drilling completed is effective and unbiased for this orientation
data in relation sampling achieves of mineralisation.
to geological unbiased sampling of  The high-grade mineralisation at Sirdar has been resolved to be related to north-
structure possible structures and west plunging shoots. A few drill holes have biased results, having passed through
the extent to which individual shoots at acute angles, but other nearby drill holes have provided
this is known, sufficient data to constrain this bias.
considering the deposit
type.
If the relationship
between the drilling
orientation and the
orientation of key
mineralised structures
is considered to have
introduced a sampling
bias, this should be
assessed and reported
if
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Avira Resources Limited

Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Criteria	Explanation	Comment
	material.
Sample security	The measures taken to ensure sample security.	 Chain of custody is Managed by Traka Resources. Experienced Geologist and Field Assistants have supervised all sampling and submissions to professionally run accredited third-party laboratories.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	 Modelling of the Sirdar and Maori Queen resources was completed by a Geological Consultant in cooperation with the Managing Director. The consultant has extensive experience in mineral resource modelling and calculation and provided an independent third-party review and analysis of the data.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

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Criteria Explanation Comment
Type, reference  The Mt Cattlin Gold Project is located on EL74/371, PL74/373 and PL74/370.
Mineral name/number,  An agreement with Galaxy Resources Ltd (ASX Announcement 23 July 2020) gives
tenement and location and ownership. Traka the right to gold and all other commodities except for mineralisation
land tenure including lithium and tantalum associated with pegmatite dykes.
The security of the
status tenure held at the  The tenements are currently in Galaxy Resources Ltd’s name but under the Galaxy
time of reporting. agreement Traka can acquire a Mining Lease(s) over future gold production areas.
Galaxy’s rights are fully preserved in the event Traka acquires a Mining Lease.
 The tenements are in good standing with all necessary stakeholder approvals in
place (Private Landowners, Aboriginal Heritage, Shire and Environmental).
Exploration Acknowledgment and  Previous drilling and appraisal by the former operators Aquarius, Metana and
done by other appraisal of Greenstone is acknowledged, and the drill hole data used in the resource
parties exploration by other calculations is provided in Table 2 and 3.
parties.
Deposit type, geological  The Maori Queen resource is hosted in 70-degree north-west dipping quartz veined
Geology setting and style of shear which has a richer central Main Lode structure and weaker parallel
mineralisation. mineralised lodes both footwall and hanging wall to it. The host rocks to gold,
plus the associated copper mineralisation with the gold, is basalt and dolerite. A
high-grade gold shoot, which is about 100 metres long in the Main Lode, is the
dominant feature and where historic mining from surface to about 70 metres was
undertaken. Drilling has now established that the high-grade shoot is open to
depth. The shear which hosts the Maori Queen mineralisation can be traced for
over 1 kilometre in length. Other high-grade shoots like that at Maori Queen is
thought to occur along the shear.
 The Sirdar mineralisation is hosted in strongly altered and stockwork quartz
veined dolerite. Drilling over a strike length of 115 metres has delineated high-
grade zones each having a strike extent of about 20 metres and down plunge
continuity of about 100 metres. A late phase east dipping pegmatite dyke (10
to 15 metres thick) cuts through the Sirdar mineralisation at about 100 metres
depth and currently acts as the base to the mineral resource. A few drill holes that
have passed through the pegmatite dyke indicate that the high-grade gold
mineralisation persists to depth but there is not sufficient drilling at depth to
quantify this potential. A single deep hole (RAGD038) drilled intersected a narrow
high-grade gold zone (1.6 metre @ 19.2 g/t Au) approximately 200 metres below
the east dipping pegmatite dyke. Infill drilling is required to ascertain whether
this gold intersection links to the near surface Sirdar position or is a separate
mineralised position.
A summary of all  The drill hole intersections used to calculate the Maori Queen Mineral Resource is
Drill hole information material to provided in Table 2.
Information the understanding of  The drill hole intersections used to calculate the Sirdar Mineral Resource is
the exploration results provided in Table 3.
 All drill hole information has been previously reported to the market.
In reporting  All mineralised intervals are length weighted and reported with bottom-cut criteria
Data Exploration Results, stated at the time of announcement.
aggregation weighting averaging  In the event there are duplicate samples the average grade of the duplicate is
methods techniques, maximum used for that interval.
and/or minimum  For purposes of this report Mineral Resources are being reported and therefore
grade truncations (e.g.
data aggregation methods are not applicable.
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Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Criteria Explanation Comment
cutting of high grades)
and cut-off grades are
usually Material and
should be stated.
The assumptions used  No metal equivalents are applied
for any reporting of
metal equivalent
values should be
clearly stated.
These relationships are  At Maori Queen, all the drill holes have been drilled orthogonally to the strike and
Relationship particularly important dip of mineralisation. As such the down hole intercepts broadly approximate true
between in the widths.
mineralisation reporting of Exploration  At Sirdar, given the initial uncertainty on the orientation of the mineralisation a
widths and Results. number off the drill hole intercepts are not optimally orientated. To offset any
intercept resulting bias, a relatively high-density drill pattern in the optimized orientation
If the geometry of the
lengths has been completed within the mineral resource model. The density of drilling
mineralisation with
has enabled confirmation of contacts, position and the grade of mineralisation
respect to the drill
and enabled use of the earlier generation drill data.
hole angle is known, its
nature should be
reported.
If it is not known and
only the down hole
lengths are reported,
there should be a clear
statement to this effect.
Appropriate maps and  Refer to the Tables and Diagrams provided in this release
Diagrams sections (with scales)
and tabulations of
intercepts should be
included for any
significant discovery
being reported These
should include, but not
be limited to a plan
view of drill hole collar
locations and
appropriate
sectional views.
Where comprehensive  The Maori Queen and Sirdar Mineral Resource positions are historic abandoned
Balanced reporting of all gold mine locations which have had several generations of follow-up exploration
reporting Exploration Results is drilling since the early 1980’s. The early generation drilling in addition to the
not practicable, work now completed by Traka has enabled calculation of a mineral resources.
representative  The Mineral Resources calculated are in the near surface positions where the drill
reporting of both low density is sufficient to provide detail and confidence. The open down-dip/plunge
and high grades component to the mineral resource envelope have not been included in the
and/or widths should Mineral Resource calculation.
be practiced to avoid
misleading reporting
of Exploration Results.
Other Other exploration data,  The Maori Queen and Sirdar positions are the two most advanced targets in a
substantive if meaningful and project area which has multiple other less advanced targets for follow-up. These
exploration material, should be comprise other historic mine positions as well as a new generation of targets
data reported. highlighted by recent aeromagnetic, IP (Induced Polarisation) survey, soil
geochemistry surveys and geological mapping. The recent recognition of all
targets and mineralisation being related to a large centrally located porphyry style
intrusive complex is adding new dimensions to the project as a whole. The
historic mine positions occur in late-stage structures that pass through the
intrusive complex but the intrusives themselves have not previously been
recognized as targets.
 All information relating the Mt Cattlin Gold Project has been released to the ASX
and market in preceding announcements to this one.
The nature and scale of  Follow-up drilling is currently being planned to test newly identified intrusive style
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Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Criteria	Explanation	Comment
Further Work	planned further work (e.g. tests for lateral extensions or depth extensions or large- scale step- out drilling).	targets as well as along strike and down dip/plunge from existing mineralised positions.  Figure 1 of this release shows the position of known targets and the primary area of interest for intrusive related targets.  Additional geophysical surveys including IP and EM (Electromagnetic) surveys may be undertaken to assist with optimizing drill positions.
	Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

Section 3 Estimation and Reporting of Mineral Resources

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Criteria Explanation Comment
Database Measures taken to  The historical data base has been systematically captured and validated by
integrity ensure that data has Traka’s Geologists and Database Manager. All the data has been audited for
not been corrupted by, accuracy of collars positions, drillhole orientation, assays, geology, and downhole
for example, surveys.
transcription or keying  All old handwritten geological logs have been captured into digital format and
errors, between its standardized to the extent necessary to allow full utilization.
initial collection and
 All project data is entered into the Company’s Access Relational Database
its use for Mineral
operating through Micromine Geobank software. Any inconsistency or possible
Resource estimation
error of the sample value, duplication or position is checked and corrected before
purposes.
the data can be used for mineral resource calculations. Further validated of the
Data validation
data is undertaken when used in MicroMine, MapInfo, Discover and/or Leapfrog
procedures used.
software. Numerous 2D and 3D presentations of the data is scrutinized to validate
and ascertain a realistic geological framework for mineral resource modelling.
Site visits Comment on any site  Numerous site visits by the Competent Person and other company staff has been
visits undertaken by undertaken through-out the entire life of the project.
the Competent.
If no site visits have
been undertaken
indicate why this is the
case.
Geological Confidence in (or  There is a high degree of confidence in the Mineral Resource calculations
interpretation conversely, the completed. Conservative tightly constrained mineral resource models have been
uncertainty of) the adopted following assessment of various alternatives using lower grade cut-off
geological mineral shells, top-cut values and geological constraints.
interpretation of the  Patrick Verbeek as the Competent Person worked in close collaboration with Rob
mineral deposit. Nature Seed an experienced independent Geological Consultant. Rob Seed has many
of the data used and of
years appropriate experience and provided an independent and unbiased
any assumptions made. perspective of the Maori Queen and Sirdar mineral resource positions.
The effect, if any, of  It is assumed that the high-grade gold mineralisation within both Maori Queen
alternative
and Sirdar are structurally controlled within low pressure dilatational zones,
interpretations on
within changes in structure orientation and/or where rheological contrast exists.
Mineral Resource
There is not enough peripheral drilling or geological data to Maori Queen or
estimation.
Sirdar that enables resolution of the structural setting, but a conservative
The use of geology in approach has been adopted to tightly constrain the mineralised shell.
guiding and
controlling Mineral
Resource estimation.
The factors affecting
continuity both of
grade and geology.
Dimensions The extent and  The Sirdar Mineral Resource strikes 115 metres in a north-east direction. The
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Avira Resources Limited

Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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variability of the high- grade mineralisation shoots within this trend is steep north-west
Mineral Resource orientation. The individual shoots strike over about 20m and have down-plunge
expressed as length continuity of about 100 metres. A late stage gently east dipping pegmatite dyke
(along strike or has intruded through the Sirdar mineralisation at about the 100m vertical depth
otherwise), plan width, and currently this effectively forms the floor to the Mineral Resource.
and depth below Mineralisation extends past the pegmatite dyke, but there is insufficient drilling
surface to the upper at this depth to enable modelling and inclusion in the Mineral Resource
and lower limits of calculation.
the Mineral Resource.  The Maori Queen Mineral Resource is constrained within a single quartz veined
structure called the Main Lode within a shear zone. The Main Load strikes over
150 metres in north-east orientation and dips at roughly 70 degrees to the north-
west. The Mineral Resource is calculated to 100m vertical depth, but
mineralisation is open along strike and at depth. There are parallel lodes both
footwall and hanging wall to the Main Lode within the shear zone but these have
not been included in the resource calculation as they appear to be lower grade
positions.
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variability of the Mineral Resource expressed as length (along strike or otherwise), plan width, and depth below surface to the upper and lower limits of the Mineral Resource. high- grade mineralisation shoots within this trend is steep north-west orientation. The individual shoots strike over about 20m and have down-plunge continuity of about 100 metres. A late stage gently east dipping pegmatite dyke has intruded through the Sirdar mineralisation at about the 100m vertical depth and currently this effectively forms the floor to the Mineral Resource. Mineralisation extends past the pegmatite dyke, but there is insufficient drilling at this depth to enable modelling and inclusion in the Mineral Resource calculation.  The Maori Queen Mineral Resource is constrained within a single quartz veined structure called the Main Lode within a shear zone. The Main Load strikes over 150 metres in north-east orientation and dips at roughly 70 degrees to the north- west. The Mineral Resource is calculated to 100m vertical depth, but mineralisation is open along strike and at depth. There are parallel lodes both footwall and hanging wall to the Main Lode within the shear zone but these have not been included in the resource calculation as they appear to be lower grade positions.	variability of the Mineral Resource expressed as length (along strike or otherwise), plan width, and depth below surface to the upper and lower limits of the Mineral Resource. high- grade mineralisation shoots within this trend is steep north-west orientation. The individual shoots strike over about 20m and have down-plunge continuity of about 100 metres. A late stage gently east dipping pegmatite dyke has intruded through the Sirdar mineralisation at about the 100m vertical depth and currently this effectively forms the floor to the Mineral Resource. Mineralisation extends past the pegmatite dyke, but there is insufficient drilling at this depth to enable modelling and inclusion in the Mineral Resource calculation.  The Maori Queen Mineral Resource is constrained within a single quartz veined structure called the Main Lode within a shear zone. The Main Load strikes over 150 metres in north-east orientation and dips at roughly 70 degrees to the north- west. The Mineral Resource is calculated to 100m vertical depth, but mineralisation is open along strike and at depth. There are parallel lodes both footwall and hanging wall to the Main Lode within the shear zone but these have not been included in the resource calculation as they appear to be lower grade positions.	variability of the Mineral Resource expressed as length (along strike or otherwise), plan width, and depth below surface to the upper and lower limits of the Mineral Resource. high- grade mineralisation shoots within this trend is steep north-west orientation. The individual shoots strike over about 20m and have down-plunge continuity of about 100 metres. A late stage gently east dipping pegmatite dyke has intruded through the Sirdar mineralisation at about the 100m vertical depth and currently this effectively forms the floor to the Mineral Resource. Mineralisation extends past the pegmatite dyke, but there is insufficient drilling at this depth to enable modelling and inclusion in the Mineral Resource calculation.  The Maori Queen Mineral Resource is constrained within a single quartz veined structure called the Main Lode within a shear zone. The Main Load strikes over 150 metres in north-east orientation and dips at roughly 70 degrees to the north- west. The Mineral Resource is calculated to 100m vertical depth, but mineralisation is open along strike and at depth. There are parallel lodes both footwall and hanging wall to the Main Lode within the shear zone but these have not been included in the resource calculation as they appear to be lower grade positions.

stimation and modelling techniques	The nature and appropriateness of the estimation technique(s) applied and key assumptions, including treatment of extreme grade values, domaining, interpolation parameters and maximum distance of extrapolation from data points. If a computer assisted estimation method was chosen include a description of computer software and parameters used. The availability of check estimates, previous estimates and/or mine production records and whether the Mineral Resource estimate takes appropriate account of such data. The assumptions made regarding recovery of by-products. Estimation of deleterious elements or other non-grade variables of economic significance (eg sulphur for acid mine drainage characterisation). In the case of block model interpolation, the block size in relation to the average sample spacing and the search employed. Any assumptions behind modelling of selective mining units. Any assumptions about correlation between	For Maori Queen the following parameters were used in the Mineral Resource estimation: 1. A 1 g/t Au bottom-cut was used to create a wireframe of the Main Lode mineralisation using Leapfrog software. Another wireframe model using 0.3 g/t Au bottom-cut was also created to include the parallel footwall and hanging wall lodes to the Main Lode, but it was determined there was insufficient data and merit to include these lodes in the calculation. 2. The old mine stopes at Maori Queen were also wire-framed using old mine plans and drill holes that intersected the stopes. The void created by old mining activity was extracted from the 1 g/t Au mineral resource model. 3. Drillhole intercepts within the 1 g/t Au wireframe model were composited to 1 m intervals. Total composited length (31 metre) versus un-composited length (30m) correlate well with only slight reduction in average grade and sample variance noted in the composted data. 4. Distribution of the composited samples, at the 1stStandard Deviation, indicated 15g/t Au was an appropriate top-cut value to apply. 5. Variography on the composited sample data did not define strong trends or range. The greatest continuity in the data indicated low angle plunge to the north- up to 40 metre range. This is close to drill hole spacing and indicates a higher density of drilling would be needed to achieve Indicated Resource category. 6. Both Kriging and Inverse Distance calculations were undertaken with the results so close that there is no material difference. 7. A Specific Gravity (SG) value of 2.93g/cm has been applied to the mineralised host rock. The large SG database from the nearby Galaxy Lithium Mine has been used (Table 8). Galaxy’s database is much larger and more robust than could be achieve using Traka’s drill data. 8. Ellipsoid sample search ranges, 50m, 40m, 3m. Direction 70 degrees towards 310 degrees, pitch 60 degrees. 9. Due to the lack of sample density the whole model is classified as inferred. 10. Block model cell size, 1m, 1m, 1m. 11. A minimum of 3 samples and maximum of 12 samples utilised for estimates. For Sirdar the following parameters were used in the mineral resource estimation: 1. A 0.5 g/t Au threshold was used to generate wireframes in Leapfrog using the indicator interpolation numeric method. 2. Drillhole intercepts within the 0.5g/t Au wireframe model were composited to 1 m intervals. Total number of composited intervals (485) versus un-composited intervals of 398 correlate well with only slight reduction in average grade and sample variance noted in the composted data. 3. A top cut of 25g/t was derived from the first major discontinuity in the log probability curve. 4. Variography on the composited sample data defined reasonable variograms. The greatest continuity in the data indicates a steep plunge towards 225 degrees. Search ellipsoid of 30m, 15m, 5m. Direction 50 degrees, 220 degrees, pitch 70 degrees. 5. Both Kriging and Inverse Distance calculations were undertaken with the results so close that there is no material difference 6. A Specific Gravity value of 2.93g/cm has been applied to all blocks. 7. Blocks with greater than 7 samples in the search ellipsoid and average distance

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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variables. Description of how the geological interpretation was used to control the resource estimates. Discussion of basis for using or not using grade cutting or capping data if available. The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation. less than 20m were classified as indicated otherwise inferred. 8. Block model cell size, 2m, 2m, 2m. 9. A minimum of 3 samples and maximum of 12 samples utilised for estimates.	variables. Description of how the geological interpretation was used to control the resource estimates. Discussion of basis for using or not using grade cutting or capping data if available. The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation. less than 20m were classified as indicated otherwise inferred. 8. Block model cell size, 2m, 2m, 2m. 9. A minimum of 3 samples and maximum of 12 samples utilised for estimates.	variables. Description of how the geological interpretation was used to control the resource estimates. Discussion of basis for using or not using grade cutting or capping data if available. The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation. less than 20m were classified as indicated otherwise inferred. 8. Block model cell size, 2m, 2m, 2m. 9. A minimum of 3 samples and maximum of 12 samples utilised for estimates.
Moisture Whether the tonnages are estimated on a dry basis or with natural moisture, and the method of determination of the moisture content.  There was no moisture content recorded on the historical data for Tonnages and grades
Cut-off parameters The basis of the adopted cut-off grade(s) or quality parameters applied.  The Mineral Resource has been reported at 1g/t Au cut-off.  The reporting cut-off parameters were selected based on assumed economic cut- off grades for the Sirdar and Maori Queen.
Mining factors or assumptions Assumptions made regarding possible mining methods, minimum mining dimensions and internal mining dilution.  It is assumed that the deposits could be mined with open pit mining techniques.
Metallurgical factors or assumptions	The basis for assumptions or predictions regarding metallurgical _amenability. _	 No assumptions have been made regarding metallurgy
Environmental factors or assumptions	Assumptions made regarding possible waste and process residue disposal options.	 No assumptions have been made regarding metallurgy
Bulk density	Whether assumed or determined.	 A global bulk density of 2.93 g/cm3 was applied to all blocks and was derived from known bulk densities from Galaxy Resources data operating in a similar geological setting to that at the Mt Cattlin Gold Project.
Classification	The basis for the classification of the Mineral Resources into varying confidence categories. Whether appropriate account has been taken of all relevant factors (ie relative confidence in tonnage/grade estimations, reliability of input data, confidence in continuity of geology and metal values, quality, quantity and	 The Mineral Resource estimate reported is in compliance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ by the Joint Ore Reserves Committee (JORC).  For Maori Queen, all blocks have been classified as inferred due to low sample density.  For Sirdar blocks with greater than 7 samples and average distance of less than 20m were classified as indicated otherwise Inferred. Validation of the block model shows good correlation of the input data to the estimated grades.  TheMineral Resource estimate appropriately reflects the view of the Competent Person.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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	distribution of the data). Whether the result appropriately reflects the Competent Person’s view of the deposit.
Audits or reviews	The results of any audits or reviews of Mineral Resource estimates.	 Internal audits have been completed by Traka Resources which verified the technical inputs, methodology, parameters and results of the current estimate.
Discussion of relative accuracy/ confidence	Where appropriate a statement of the relative accuracy and confidence level in the Mineral Resource estimate using an approach or procedure deemed appropriate by the Competent Person. The statement should specify whether it relates to global or local estimates. These statements of relative accuracy and confidence of the estimate should be compared with production data, where available.	 The mineralisation geometry and continuity has been adequately interpreted to reflect the applied level of resource classification.

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Appendix 2

All information contained in this appendix was originally published by Traka Resources (ASX:TKL) between 2020 and 2022.

Table 8: The Drillhole Collar File on Maori Queen Main Lode drill holes used to define the 1.0 g/t Au

bottom cutoff mineralised model (also refer to Table 2)

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----- Start of picture text -----

Total
Drill
Hole No Easting Northing RL Depth Dip Azimuth Company
Type
(m)
RAGC001 227297 6284604 250 100 -60 131 Traka RC
RAGC002 227271 6284562 250 79 -60 132 Traka RC
RAGC016 227246 6284527 250 90 -60 130 Traka RC
RAGC031 227287 6284548 257 56 -60 130 Traka RC
RAGC032 227257 6284578 256 99 -60 130 Traka RC
RAGC033A 227332 6284605 259 25.3 -60 130 Traka RC
RAGC035 227306 6284600 256 75 -60 130 Traka RC
RAGC037 227269 6284597 256 150 -60 130 Traka RC
RAGC050 227276 6284622 250 150 -60 130 Traka RC
RAGC051 227239 6284551 250 120 -60 130 Traka RC
RAGC052 227306 6284627 250 105 -60 130 Traka RC
RR0017 227281 6284517 250 30 -60 134 Metana RC
RR0018 227258 6284510 250 30 -60 134 Metana RC
RR0025 227331 6284582 250 30 -60 134 Metana RC
RR0060 227287 6284547 250 40 -60 134 Metana DD
RR0119 227287 6284538 250 40 -60 134 Metana DD
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Table 9: The Drillhole Collar File on Sirdar drill holes used to define the 0.5 g/t Au bottom cutoff mineralised model (also refer to Table 3)

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Total
Drill
Hole No Easting Northing RL Depth Dip Azimuth Company
Type
(m)
RAGC003 226882 6284354 250 80 -60 132 Traka RC
RAGC004 226867 6284369 250 79 -60 132 Traka RC
RAGC005 226859 6284334 250 60 -60 131 Traka RC
RAGC006 226845 6284346 250 80 -60 132 Traka RC
RAGC007 226840 6284320 250 80 -60 130 Traka RC
RAGC008 226826 6284331 250 75 -60 130 Traka RC
RAGC018 226829 6284285 250 80 -60 130 Traka RC
RAGC019 226831 6284305 250 80 -60 130 Traka RC
RAGC021 226898 6284346 250 80 -60 131 Traka RC
RAGC024 226852 6284307 250 80 -60 131 Traka RC
RAGC025 226854 6284357 250 80 -60 131 Traka RC
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Avira Resources Limited

Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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==> picture [471 x 673] intentionally omitted <==

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RAGC026 226868 6284348 250 80 -60 131 Traka RC
RAGC027 226872 6284316 250 80 -60 131 Traka RC
RAGC028 226840 6284288 250 80 -60 131 Traka RC
RAGC029 226812 6284293 250 118 -60 131 Traka RC
RAGC030 226803 6284277 250 100 -60 131 Traka RC
RAGD038 226862 6284251 250 420.4 -55 313 Traka RC
RAGD039 226843 6284269 250 166.4 -60 44 Traka RC
RAGC040 226835 6284310 250 112 -60 130 Traka RC
RAGC041 226889 6284341 250 100 -60 160 Traka RC
RAGC045 226837 6284328 250 120 -60 160 Traka RC
RAGC046 226829 6284366 250 148 -60 160 Traka RC
RAGC049 226789 6284370 250 148 -60 160 Traka RC
RR0091 226859 6284295 250 69 -61 46 Metana DD
RR0092 226844 6284282 250 81 -57 50 Metana DD
RR0093 226814 6284242 250 49.9 -60 359 Metana DD
RR0094 226826 6284228 250 50 -60 359 Metana DD
RR0124 226831 6284267 250 81 -60 44 Metana DD
RR0125 226869 6284306 250 40 -60 44 Metana RC
RR0126 226850 6284317 250 60 -60 44 Metana DD
RR0128 226830 6284292 250 110 -60 44 Metana DD
RR0132 226812 6284274 250 120 -60 44 Metana DD
RR0133 226839 6284301 250 57 -60 104 Metana DD
RR0135 226828 6284260 250 106 -60 44 Metana RC
RR0136 226908 6284323 250 50 -60 44 Metana RC
RR0138 226889 6284339 250 50 -60 44 Metana RC
RR0139 226881 6284323 250 70 -60 44 Metana RC
RR0140 226865 6284334 250 50 -60 44 Metana RC
RR0144 226833 6284334 250 50 -60 44 Metana RC
RR0145 226855 6284263 250 87 -90 126 Metana DD
RR0148 226815 6284245 250 129.5 -90.00 44.00 Metana DD
RR0153 226807 6284305 250 149.9 -90.00 44.00 Metana DD
SRC002 226886 6284331 250 50 -60.00 44.00 Aquarius RC
SRC003 226869 6284308 250 70 -60.00 44.00 Aquarius RC
SRC004 226852 6284289 250 55 -60.00 44.00 Aquarius RC
SRC005 226838 6284271 250 64 -60.00 44.00 Aquarius RC
SRC007 226874 6284329 250 50 -60.00 44.00 Aquarius RC
SRC008 226862 6284314 250 73 -60.00 44.00 Aquarius RC
SRC009 226907 6284337 250 25 -60.00 44.00 Aquarius RC
SRC010 226891 6284323 250 50 -60.00 44.00 Aquarius RC
SRC012 226913 6284334 250 20 -60.00 44.00 Aquarius RC
SRC013 226900 6284315 250 50 -60.00 44.00 Aquarius RC
SRC015 226850 6284255 250 60 -60.00 44.00 Aquarius RC
----- End of picture text -----

Avira Resources Limited

Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

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Table 10: The Drillhole Collar File for selected Exploration Prospect Drillholes.

==> picture [469 x 214] intentionally omitted <==

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Total
Drill
Hole No Easting Northing RL Depth Dip Azimuth Company
Type
(m)
RAGC072 226622 6284803 252 75 -60 130 Traka RC
RAGC073 226601 6284818 250 117 -60 130 Traka RC
RAGC082 226246 6284122 250 108 -60 130 Traka RC
RAGC083 226245 6284080 250 66 -60 130 Traka RC
RAGC084 226223 6284094 250 108 -60 130 Traka RC
RAGC085 226272 6284153 250 114 -60 130 Traka RC
RAGC086 226297 6284140 250 66 -60 130 Traka RC
RAGC092 226976 6285173 250 66 -60 310 Traka RC
RAGC093 227002 6285144 250 130 -60 310 Traka RC
RAGC094 226958 6285137 250 120 -60 310 Traka RC
RAGC095 227005 6285099 250 234 -60 310 Traka RC
----- End of picture text -----

Avira Resources Limited Level 1, 50 Kings Park Road, West Perth Western Australia 6005 T: 61 8 6385 2282 www.aviraresourcesltd.com.au

AI assistant

AVIRA RESOURCES LTD Capital/Financing Update 2025

64473_rns_2025-10-19_37a2c270-4f12-499e-8884-16672d73a537.pdf

ACQUISITION OF THE HIGH-GRADE MT CATTLIN GOLD PROJECT (WA) & CAPITAL RAISING

Directors

HIGHLIGHTS

PROJECT OVERVIEW

Mineral Resource Estimate (MRE)

Mt Cattlin 2021 MRE

Summary of Work Programs and Exploration Results

Estimation Methods and Key Assumptions[10]

Key Assumptions and Parameters:

Maori Queen Gold Deposit

Sirdar Gold Deposit

Exploration Potential & Future Programs

Assessment of Untested Targets

Planned Activities and Advancement Strategy

Phase 1: Resource Confirmation and Upgrade (Targeted Q4 2025 – Q3 2026)

Phase 2: Resource Growth and Expansion (Targeted Q4 2026 Onwards)

Competent Persons Statement

Compliance Statement

Terms of the Acquisition

Capital Raise

ENDS

About Avira Resources Limited

Forward looking statements

SCHEDULE 1 – PROFORMA CAPITAL STRUCTURE

Notes:

Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.)

Section 2 Reporting of Exploration Results

Appendix 2

AI assistant

AVIRA RESOURCES LTD — Capital/Financing Update 2025

64473_rns_2025-10-19_37a2c270-4f12-499e-8884-16672d73a537.pdf

ACQUISITION OF THE HIGH-GRADE MT CATTLIN GOLD PROJECT (WA) & CAPITAL RAISING

Directors

HIGHLIGHTS

PROJECT OVERVIEW

Mineral Resource Estimate (MRE)

Mt Cattlin 2021 MRE

Summary of Work Programs and Exploration Results

Estimation Methods and Key Assumptions[10]

Key Assumptions and Parameters:

Maori Queen Gold Deposit

Sirdar Gold Deposit

Exploration Potential & Future Programs

Assessment of Untested Targets

Planned Activities and Advancement Strategy

Phase 1: Resource Confirmation and Upgrade (Targeted Q4 2025 – Q3 2026)

Phase 2: Resource Growth and Expansion (Targeted Q4 2026 Onwards)

Competent Persons Statement

Compliance Statement

Terms of the Acquisition

Capital Raise

ENDS

About Avira Resources Limited

Forward looking statements

SCHEDULE 1 – PROFORMA CAPITAL STRUCTURE

Notes:

Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.)

Section 2 Reporting of Exploration Results

Appendix 2

More from AVIRA RESOURCES LTD

AVIRA RESOURCES LTD Capital/Financing Update 2025