CORE LITHIUM LTD — Capital/Financing Update 2025

Sep 3, 2025

Level 9, 2 Mill Street T 61 8 8317 1700 Perth WA 6000 E info@corelithium.com.au

ABN 80 146 287 809 ASX CXO

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4 September 2025

ASX: CXO Announcement

Not for release to US wire services or distribution in the United States

Core Lithium Opens Share Purchase Plan

Core Lithium Ltd (ACN 146 287 809) ( Core or the Company ) announced on 28 August 2025 that it would be conducting a share purchase plan ( SPP ) to provide eligible shareholders with the opportunity to acquire up to A$30,000 worth of ordinary shares in Core ( Shares ) without paying any brokerage costs, commission or other transaction costs. The SPP supplements the recently completed A$50 million institutional placement conducted at A$0.105 per Share, as initially announced to the market on 28 August 2025 ( Placement ). The Shares issued under the Placement will be issued via two-tranches with the first tranche utilising the Company’s placement capacity pursuant to ASX Listing Rule 7.1 and the second tranche being subject to shareholder approval, which will be sought at a general meeting of the Company’s shareholders ( General Meeting ).

Eligible shareholders participating in the SPP will be able to purchase new Shares ( New Shares ) at an issue price of A$0.105 per New Share, being the same price per Share paid by institutional and sophisticated investors under the Placement.

Core is targeting to raise up to approximately $10 million under the SPP. However, the Company may decide to accept applications (in whole or in part) that result in the SPP raising (subject to the maximum permitted under the ASX Listing Rules) more or less than that target amount in its absolute discretion.

As previously announced, proceeds from the Placement will fund the start of development at BP33, ‑ including the box cut and decline works essential for underground readiness, as well as long lead items, other operational readiness activities, and general working capital and offer costs. These allocations aim to de ‑ risk and accelerate the Finniss Project toward a Final Investment Decision ( FID ), while strengthening the Company’s balance sheet and preserving flexibility for future strategic funding options. Funds raised via the SPP will be used for working capital purposes. For more information see ASX announcement “Successful Completion of $50 million Placement and SPP” dated 28 August 2025. The SPP will not be underwritten.

The SPP offer opens at 9:00am (Sydney time) on 4 September 2025 and is expected to close at 5:00pm (Sydney time) on 24 September 2025. To participate in the SPP, you may apply to acquire A$2,500, A$5,000, A$10,000, A$15,000, A$20,000, A$25,000 or A$30,000 worth of New Shares.

All New Shares issued under the SPP will rank equally with existing Shares.

Participation in the SPP is optional and is open to eligible shareholders who are holders of Shares as at 7:00pm (Sydney time) on 27 August 2025 ( Record Date ) with a registered address on the register in Australia or New Zealand ( Eligible Shareholders ). Certain Eligible Shareholders who are custodians holding Shares on behalf of certain beneficiaries are also invited to participate in the SPP on the terms and conditions set out in the SPP Booklet. Further details are set out in the SPP Terms and Conditions contained in the SPP Booklet, available on Core’s website at www.corelithium.com.au.

Shareholders in the United States are not eligible to participate in the SPP. Similarly, Shareholders (including trustees, custodians and nominees) who hold Shares on behalf of persons in the United States, or elsewhere outside Australia and New Zealand, are not eligible to participate in the SPP on behalf of those persons.

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Shareholders who may be eligible to participate in the SPP will today be e-mailed the attached SPP booklet ( SPP Booklet ) containing the SPP Terms and Conditions and a personalised application form (where e- mail an address has been provided to the share registry) and all eligible Shareholders (not receiving e-mail communications) will be sent a letter inviting them to participate in the SPP, a copy of which is attached. Shareholders are encouraged to read the SPP Terms and Conditions carefully and, if you have any questions, please call your stockbroker, accountant or other professional adviser. For information regarding details of the Offer, you can contact the Offer Information Line on 1300 816 156 (within Australia) or +61 2 8072 1416 (outside Australia) between 8:30am and 7:00pm (Sydney time), Monday to Friday.

Key Dates

Event	Date
Record Date for eligibility to participate in the SPP (7:00pm, Sydney	Wednesday, 27 August 2025
time)
SPP Opening Date (9:00am, Sydney time)	Thursday, 4 September 2025
SPP Bookletmade available,including personalisedApplication Forms	Thursday,4September 2025
SPP Closing Date (5:00pm, Sydney time)	Wednesday, 24 September 2025
Announce results and issue of New Shares under the SPP	Monday, 29 September 2025
Quotation and normal trading on ASX of New Shares issued under the	Tuesday, 30 September 2025
SPP
Despatch of holding statements	Friday, 3 October 2025

Note : This timetable is indicative only and subject to change. All dates and times are Australian Eastern Standard Time (“AEST”) unless otherwise specified. Core reserves the right to alter the above dates at any time, including extending the period for the SPP or accepting late applications, either generally or in particular cases, at its discretion and without notice to you, subject to the ASX Listing Rules, the Corporations Act and any other applicable rules.

How to participate

Shareholders who are eligible to participate in the SPP can access the Terms and Conditions and their personalised application form electronically by visiting https://investor.automic.com.au/#/loginsah.

Enter you holder number SRN / HIN (confirmed on your latest Holding Statement). Enter your name and Postcode (Aust only) or Country of Residence (if not Australia). Tick box “I am not a robot”, then Access.

Once you have successfully signed in, click on “Documents and Statements” then “Other Documents”.

Important: Participants do not need to return their application form but must make a payment via BPay® by following the personalised payment instructions on their application form.

This announcement has been authorised for release to the ASX by the Board of Directors.

For further information, please contact:

Investor Enquiries Media enquiries Paul Brown Michael Vaughan CEO Executive Director Core Lithium Ltd Fivemark Partners +61 8 8317 1700 +61 422 602 720 info@corelithium.com.au michael.vaughan@fivemark.com.au

About Core

Core Lithium Ltd (ASX: CXO) (Core or Company) is an Australian hard-rock lithium company that owns the Finniss Lithium Operation on the Cox Peninsula, south-west and 88km by sealed road from the Darwin Port, Northern Territory. Core's vision is to generate sustained value for shareholders from critical minerals exploration and mining projects underpinned by strong environmental, safety and social standards.

For further information about Core and its projects, visit www.corelithium.com.au

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Important Information

All amounts are in Australian dollars unless otherwise indicated.

Forward-looking statements

This announcement contains statements which may be in the nature of forward-looking statements. No representation or warranty is given, and nothing in this announcement or any other information made available by the Company or any other party should be relied upon as a promise or representation, as to the future condition of the respective businesses and operations of the Company. Generally, this forwardlooking information can be identified by the use of forward-looking terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘likely’,’ believe’, ’estimate’, ‘expect’, ’intend’, ’may’, ’would’, ’could’, ’should’, ’scheduled’, ’will’, ’plan’, ’forecast’, ’evolve’ and similar expressions. Persons reading this release are cautioned that such statements are only predictions, and that the Company’s actual future results or performance may be materially different. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forwardlooking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to general business, economic, competitive, political and social uncertainties; the actual results of current exploration, development and construction activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of lithium; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accident, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. This list is not exhaustive of the factors that may affect forwardlooking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. The Company disclaims any intent or obligations to or revise any forward-looking statements whether as a result of new information, estimates, or options, future events or results or otherwise, unless required to do so by law. Statements regarding plans with respect to the Company’s mineral properties may contain forward-looking statements in relation to future matters that can be only made where the Company has a reasonable basis for making those statements.

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Disclaimer

An investment in Shares is subject to investment and other known and unknown risks, some of which are beyond the control of Core, including possible loss of income and capital invested. Core does not guarantee any particular rate of return or the performance of Core nor does it guarantee the repayment of capital from Core or any particular tax treatment. Persons should have regard to the risks outlined in the Investor Presentation released to ASX on 28 August 2025 ( Investor Presentation ). This announcement should be read in conjunction with the Investor Presentation and the important notices contained in that document. Past performance should not be relied upon as (and is not) an indication of future performance.

This announcement is not an offer or an invitation to acquire Shares or any other financial products and is not a prospectus, product disclosure statement or other offering document under Australian law or any other law. It is for information purposes only.

This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or in any other jurisdiction in which such an offer would be unlawful. The Shares offered and sold under the SPP have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act ") or the securities laws of any state or other jurisdiction of the United States. Accordingly, such New Shares may not be offered or sold, directly or indirectly, in the United States or to any person acting for the account or benefit of a person in the United States (to the extent such person is acting for the account or benefit of a person in the United States). The Shares in the SPP will only be offered and sold outside the United States in “offshore transactions” (as defined in Rule 902(h) under the U.S. Securities Act) in reliance on Regulation S under the U.S. Securities Act.

The Shares under the SPP are not being offered or sold to the public within New Zealand other than to existing shareholders of Core with registered addresses in New Zealand to whom the offer of New Shares is being made in reliance on the Financial Markets Conduct Act 2013 and the Financial Markets Conduct (Incidental Offers) Exemption Notice 2021 (New Zealand). Neither this announcement nor the SPP Booklet have been registered, filed with or approved by any New Zealand regulatory authority. Neither this announcement nor the SPP Booklet constitute a product disclosure statement under New Zealand law and are not required to, and may not, contain all the information that a product disclosure statement under New Zealand law is required to contain.

This announcement is not financial advice or a recommendation to acquire Shares and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision prospective, investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek such legal, financial and/or taxation advice as they deem necessary or appropriate to their jurisdiction. Core is not licensed to provide financial product advice in respect of the Shares. Cooling off rights do not apply to the acquisition of Shares.

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Eligible Shareholders can access their personalised application electronically via the share registry as detailed below:

I already have an online account with the Automic Share registry.	https://investor.automic.com.au Select: “Existing Users Sign In”. Once you have successfully signed in, click on “Documents and Statements”. Download the Terms and Conditions and application form. Submit your payment using the payment details provided on your application form. Do not return your application form.
I don’t have an online account with Automic – but wish to register for one.	https://investor.automic.com.au/#/signup Select: Core Lithium Ltd from the dropdown list in the ISSUER field. Enter your holder number SRN / HIN (from your latest Holding Statement). Enter your Postcode (Aust only) or Country of Residence (if not Australia). Tick box “I am not a robot”, then Next Complete prompts. Once you have successfully signed in, click on “Documents and Statements”. Download the Terms and Conditions and application form. Submit your payment using the payment details provided on your application form. Do not return your application form.
I don’t have an online account with Automic – but want to use Automic for this Offer only.	https://investor.automic.com.au/#/loginsah Select: Core Lithium Ltd from the dropdown list in the ISSUER field. Enter your holder number SRN / HIN (from your latest Holding Statement). Enter your Postcode (Aust only) or Country of Residence (if not Australia). Tick box “I am not a robot”, then Access. Once you have successfully signed in, click on “Documents and Statements”. Download the Terms and Conditions and application form. Submit your payment using the payment details provided on your application form. Do not return your application form.

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Core Lithium Ltd Share Purchase Plan Booklet

4 September 2025

Core Lithium Ltd (ACN 146 287 809)

An offer to Eligible Shareholder to apply for up to $30,000 of New Shares each at an Issue Price of $0.105 per New Share without incurring brokerage or other transaction costs.

The Share Purchase Plan closes at 5:00pm (Sydney time) on 24 September 2025.

NOT FOR RELEASE TO U.S. WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES

If you are an Eligible Shareholder, this booklet ( SPP Booklet ) and the personalised Application Form that accompanies it contains important information and requires your immediate attention. You should read both documents carefully and in their entirety. This SPP Booklet and the offer constituted by it is made in accordance with the requirements of ASIC Corporations Act (Share and Interest Purchase Plans) Instrument 2019/547 . This SPP Booklet is not a prospectus or product disclosure statement under the Corporations Act 2001 (Cth) ( Corporations Act ) and has not been, and will not be, lodged with the Australian Securities and Investments Commission ( ASIC ).

This document may not be released or distributed in any country other than Australia and New Zealand. This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities in any other country.

In particular, this SPP Booklet does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or in any other jurisdiction in which such an offer would be unlawful. The New Shares offered and sold under the SPP have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act ) or the securities laws of any state or other jurisdiction of the United States. Accordingly, such New Shares may not be offered or sold, directly or indirectly, in the United States or to any person acting for the account or benefit of a person in the United States (to the extent such person is acting for the account or benefit of a person in the United States). The New Shares in the SPP will only be offered and sold outside the United States in “offshore transactions” (as defined in Rule 902(h) under the U.S. Securities Act) in reliance on Regulation S under the U.S. Securities Act.

The New Shares are not being offered or sold to the public within New Zealand other than to existing shareholders of Core Lithium Ltd with registered addresses in New Zealand to whom the offer of the New Shares is being made in reliance on the Financial Markets Conduct (Incidental Offers) Exemption Notice 2021. This SPP Booklet has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013. This document is not a product disclosure statement under New Zealand law and is not required to, and may not, contain all the information that a product disclosure statement under New Zealand law is required to contain.

If you have any questions, please call your stockbroker, accountant or other professional adviser. For information regarding details of the Offer, you can contact the Offer Information Line on 1300 816 156 (within Australia) or +61 2 8072 1416 (outside Australia) between 8:30am and 5:00pm (Sydney time), Monday to Friday.

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Key Dates for the SPP

Event	Date
Record Date for eligibility to participate in the SPP (7:00pm,	Wednesday, 27 August 2025
Sydney time)
SPP Opening Date (9:00am, Sydney time)	Thursday, 4 September 2025
SPP Booklet made available, including personalised Application	Thursday, 4 September 2025
Forms
SPP Closing Date (5:00pm, Sydney time)	Wednesday, 24 September
	2025
Announce results and issue of New Shares under the SPP	Monday, 29 September 2025
Quotation and normal trading on ASX of New Shares issued	Tuesday, 30 September 2025
under the SPP
Despatch of holding statements	Friday, 3 October 2025

Note : This timetable is indicative only and subject to change. All dates and times are Australian Eastern Standard Time (“AEST”) unless otherwise specified. Core reserves the right to alter the above dates at any time, including extending the period for the SPP or accepting late applications, either generally or in particular cases, at its discretion and without notice to you, subject to the ASX Listing Rules, the Corporations Act and any other applicable rules.

Important Notices

The information in this SPP Booklet is not investment advice or a recommendation to acquire SPP Shares and has been prepared without taking into account your investment objectives, financial circumstances or particular needs as an investor (including financial and taxation considerations). It is recommended that you read the entire SPP Booklet and seek professional investment advice from your financial adviser or other professional adviser before deciding whether to apply for New Shares.

A cooling-off regime does not apply in relation to the acquisition of New Shares.

You cannot withdraw your Application once it has been submitted. By submitting your Application, you are accepting the risk that the market price of Shares may change between the date you submit your Application and the Issue Date. This means it is possible that, between the time you make your Application and up to or after the Issue Date, you may be able to buy Shares on market at a lower price than the Issue Price. Core will not issue New Shares to an applicant if those New Shares, either alone or in conjunction with the issue of SPP Shares under other Applications received by Core, would contravene any law or the ASX Listing Rules. All amounts are in Australian Dollars unless otherwise explicitly stated. Capitalised terms used in this SPP Booklet have the meaning set out in the Glossary of this SPP Booklet.

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Letter from the Chair

4 September 2025

Dear Shareholder

Core Lithium Ltd Share Purchase Plan

On behalf of the board of directors (Board) of Core Lithium Ltd (ACN 146 287 809) (Core or Company), I am pleased to offer eligible shareholders with the opportunity to participate in the Core Share Purchase Plan (SPP or Plan) which was announced on 28 August 2025.

The SPP provides you with an opportunity to acquire up to A$30,000 worth of new ordinary shares in Core (New Shares) and a minimum of $2,500 of New Shares, at an issue price of $0.105 per New Share (Issue Price), without paying any brokerage costs, commissions or other transaction costs.

Core is targeting to raise up to A$10 million under the SPP. However, the Company may decide to accept applications (in whole or in part) that result in the SPP raising more or less than that target amount, close the SPP early and/or scale-back applications or increase the amount raised under the SPP if the total demand for the SPP exceeds the target amount (subject to the maximum permitted under the ASX Listing Rules) in its absolute discretion.

Core recently conducted an institutional placement which raised A$50 million (Placement), the proceeds of which will be applied towards the start of development at BP33, including the box cut and decline works ‑ essential for underground readiness, as well as long lead items, operational readiness activities, and general working capital and offer costs.

Details of the SPP

The SPP allows you to acquire up to an aggregate maximum of A$30,000 worth of New Shares.

Participation in the SPP is optional and is open to shareholders who are registered holders of Core ordinary shares (Shares) as at 7:00pm (Sydney time) on 27 August 2025 (Record Date) with a registered address on the register in Australia or New Zealand (Eligible Shareholders). Certain Eligible Shareholders who are custodians holding Shares on behalf of certain beneficiaries are also invited to participate in the SPP on the terms and conditions set out in this booklet (SPP Booklet).

Eligible Shareholders will also be able to access their personalised SPP Application Form online from today at https://investor.automic.com.au/#/loginsah.

If you decide to participate in the SPP, you will have the opportunity to increase your Core shareholding at an Issue Price of A$0.105 per New Share, being the same issue price under the Placement and representing a 12.5% discount to the closing price of A$0.12 for Shares on the last trading day prior to the announcement of the SPP.

All New Shares issued under the SPP will rank equally with existing Shares.

Shareholders in the United States are not eligible to participate in the SPP. Similarly, shareholders (including trustees, custodians and nominees) who hold Shares on behalf of persons in the United States are not eligible to participate in the SPP on behalf of those persons.

Core will not issue New Shares to an applicant if those New Shares, either alone or in conjunction with the issue of New Shares under other applications received by Core, would contravene any law or the ASX Listing Rules.

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Important information regarding potential scale-back in the SPP

Core is targeting to raise up to approximately $10 million under the SPP. However, the Company may decide to accept applications (in whole or in part) that result in the SPP raising more or less than that target amount, close the SPP early and/or scale-back applications or increase the amount raised under the SPP if the total demand for the SPP exceeds the target amount (subject to the maximum permitted under the ASX Listing Rules) at its absolute discretion.

In the event of a scale-back, it is Core's intention that each applicant will be treated equally and will be scaled-back pro-rata based on the number of New Shares for which they have applied (subject to any minimum dollar allocation determined by Core at its absolute discretion). When determining the amount (if any) by which to scale-back an application, Core may take into account a number of factors, including the size of an applicant’s shareholding, the extent to which Eligible Shareholders have sold or bought additional shares after the Record Date and the date an application was made.

In the event of a scale-back, you may be allocated New Shares to a value which is significantly less than the parcel for which you applied. Should this happen, the balance of any application monies not applied to acquire New Shares under the SPP will be refunded to you, without interest. Core will make an announcement to the ASX on the outcome of the SPP and the number of New Shares issued on or around 29 September 2025. New Shares will be issued on or around 29 September 2025.

What do I do next?

The SPP offer opens at 9:00am (Sydney time) on 4 September 2025. If you are an Eligible Shareholder and wish to participate in the offer, you may apply for Shares in the amount of A$2,500, A$5,000, A$10,000, A$15,000, A$20,000, A$25,000 or A$30,000.

You can apply by either:

• making a payment directly by BPAY® (by following the steps outlined in the SPP Frequently Asked Questions); or

• making a payment via EFT (for New Zealand eligible Shareholders only),

making sure that Core receives your application and payment by 5:00pm (Sydney time) on 24 September 2025 . Making your application by BPAY® or EFT, does not require you to return the Application Form. Payments must be made in Australian dollars.

I encourage you to read this SPP Booklet carefully and in its entirety before making a decision on whether to participate in the SPP. You should be aware that the future market price of the New Shares is uncertain and may rise or fall. This means the price you pay for New Shares under the SPP may be either higher or lower than the Share price trading on the ASX at the time New Shares are issued to you under the SPP.

What if I have more questions?

Shareholders who have any questions regarding the SPP should call Core's SPP Information Line on 1300 816 156 (within Australia) or +61 2 8072 1416 (outside Australia) at any time from 8:30am to 7:00pm (Sydney time), Monday to Friday.

On behalf of the Board of Core, I thank you for your continued support.

Yours sincerely

Greg English Non-Executive Chair Core Lithium Ltd

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SPP Frequently Asked Questions

IMPORTANT NOTICE: If you apply to participate in the SPP by making a BPAY[®] payment or EFT, you are accepting the risk that the market price of Shares may change between the time you make your application and the Issue Date. This means it is possible that, between the time you make your application and up to or after the Issue Date, you may be able to buy Shares on market at a lower price than the Issue Price for New Shares under the SPP.

1 What is the SPP?

The SPP provides each Eligible Shareholder with an opportunity to acquire New Shares (subject to any scale-back at Core's absolute discretion), without paying any brokerage fees, commissions or other transaction costs, for a total application price not exceeding A$30,000.

Core is targeting to raise up to approximately $10 million under the SPP. However, Core may decide to accept applications (in whole or in part) that result in the SPP raising more or less than that target amount, close the SPP early and/or scale-back applications or increase the amount raised under the SPP if the total demand for the SPP exceeds the target amount (subject to the maximum permitted under the ASX Listing Rules) at its absolute discretion.

2

Who is an Eligible Shareholder?

An Eligible Shareholder who may participate in the SPP is a registered holder of Shares at 7:00pm (Sydney time) on 27 August 2025 with a registered address on the register in:

• Australia; or

• New Zealand.

Shareholders who hold Shares on behalf of, or are acting for the account or benefit of, persons who reside outside Australia or New Zealand (including persons who are in the United States) are not entitled to participate in the SPP on behalf of those persons.

3 How will custodians and nominees be treated under the SPP?

Please refer to sections 1(g) – 1(i) in the SPP Terms and Conditions for information on eligibility for custodian and nominee shareholders.

4 What are the key dates?

Event	Date
Record Date for eligibility to participate in the SPP (7:00pm, Sydney	Wednesday, 27 August 2025
time)
SPP Opening Date (9:00am, Sydney time)	Thursday, 4 September 2025
SPP Booklet made available, including personalised Application	Thursday, 4 September 2025
Forms
SPP Closing Date (5:00pm, Sydney time)	Wednesday, 24 September
	2025
Results of SPP announced	Monday, 29 September 2025
Issue Date of New Shares under the SPP	Monday, 29 September 2025
Quotation and normal trading on ASX of New Shares issued under	Tuesday, 30 September 2025
the SPP
Despatch of SPP holding statements	Friday, 3 October 2025

Note : This timetable is indicative only and subject to change. Core reserves the right to alter the above dates at any time, including extending the period for the SPP or accepting late applications, either generally or in particular cases, at its discretion and without notice to you, subject to the ASX Listing Rules, the Corporations Act and any other applicable rules.

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5 How much can I invest under the SPP?

You may apply for New Shares under the SPP up to an aggregate maximum dollar amount of A$30,000 worth of New Shares (see question 6 below for further information). You may apply to acquire either A$2,500, A$5,000, A$10,000, A$15,000, A$20,000, A$25,000 or A$30,000 worth of New Shares.

Limit	Application Amount (A$) New Shares to be Issued* at Issue Price**
Minimum Application	$2,500 23,810
	$5,000 47,620
	$10,000 95,239
	$15,000 142,858
	$20,000 190,477
	$25,000 238,096
Maximum Application	$30,000 285,715

*Note : Figures are provided prior to the application of any scale-back. In the event of a scale-back, you may be allocated New Shares to a value which is significantly less than the parcel for which you applied.

Should Core scale-back applications, the balance of any application monies that are not applied to acquire New Shares under the SPP will be refunded to you, without interest.

6

What do I do if I receive more than one Application Form?

Eligible Shareholders who receive more than one Application Form under the SPP, for example, because they hold Shares in more than one capacity, may apply on different Application Forms for New Shares but may not apply for New Shares with an aggregate dollar amount exceeding A$30,000.

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What is the issue price?

The issue price under the SPP is A$0.105 per New Share ( Issue Price ), being the same price per Share paid by the institutional and sophisticated investors under the Placement.

The Issue Price represents:

• the same price as Shares issued under the Placement;

• a 12.5% discount to the closing price of Shares on the last trading day prior to the announcement of the SPP, being A$0.12; and

• a discount of approximately 17.2% to the volume weighted average price of Shares traded on the ASX during the 5 days on which sales for Shares were recorded immediately prior to the day the SPP was announced, being A$0.127.

8

What is the market price of Shares?

The market price for Shares can be obtained from the ASX's website by searching for "CXO" in the prices search screen.

9

What rights will the New Shares issued under the SPP have?

New Shares issued as part of the SPP will rank equally in all respects with existing Shares quoted on the ASX, with the same voting rights, dividend rights and other entitlements from the Issue Date. New Shares issued under the SPP will not carry an entitlement to receive any dividend or distribution with a record date prior to the Issue Date.

10

What costs are associated with the SPP?

There are no brokerage, commissions or other transaction costs payable by Eligible Shareholders in relation to the application for, and the issue of, New Shares under the SPP.

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11 Do I have to participate in the SPP?

Participation in the SPP is optional. If you do not wish to participate in the SPP, no action is required on your part. The offer under the SPP is non-renounceable. This means you cannot transfer your right to purchase New Shares under the SPP to anyone else.

12

How are refunds paid?

Refunds pursuant to the SPP may be paid under various circumstances. For example, if applications are made incorrectly the entire payment may be refunded, or if allocations are scaled back a partial refund may be made.

If a refund is made, payment will be made by direct deposit to your nominated bank account. You can update your payment instructions on the Automic portal or by calling the Share Registry on 1300 816 156 (within Australia) or +61 2 8072 1416 (outside Australia) at any time from 8:30am to 7:00pm (Sydney Time), Monday to Friday to obtain a “Direct Credit Facility” form.

13 When will I be refunded?

Refunds will be made as soon as practical after the SPP closes.

14 Taxation

Eligible Shareholders should consult their own taxation advisor about the tax status of their investment in the New Shares.

15 How do I apply?

If you would like to apply to participate in the SPP, please follow the instructions on the enclosed personalised Application Form. You have two options:

• Option 1: Pay by BPAY®

You can make a payment by BPAY®. To do this, you must use the personalised reference number shown on the Application Form. If you make your payment with BPAY® you do not need to return your Application Form. You will not be able to withdraw or revoke your application or BPAY® payment once you have submitted it or made it or change the amount of New Shares you have applied for.

• Option 2: Pay by EFT (for New Zealand eligible Shareholders only)

You can make a payment by Electronic Funds Transfer ( EFT ). To do this, you must use the personalised EFT reference number shown on the Application Form. If you make your payment with EFT you do not need to return your Application Form. You will not be able to withdraw or revoke your application or EFT payment once you have submitted it or made it or change the amount of New Shares you have applied for.

All payments and applications must be received no later than 5:00pm (Sydney time) on 24 September 2025.

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SPP Terms and Conditions

IMPORTANT NOTICES: The offer to purchase New Shares under the SPP is not a recommendation to acquire New Shares. If you are in any doubt about this SPP, you should consider obtaining professional financial and/or taxation advice to assist you in determining whether or not, and the extent to which, you wish to participate in the SPP (taking into account your own financial situation, needs and objectives). Nothing in these terms and conditions ("SPP Terms and Conditions"), the SPP application form ("Application Form") or any other accompanying documentation constitutes investment or financial product advice or is intended to influence your decision whether or not to participate in the SPP.

If you apply to participate in the SPP, by making a BPAY® or EFT (for New Zealand eligible Shareholders only) payment, you are accepting the risk that the market price of Shares may change. This means it is possible that, between the time you make your application and up to or after the Issue Date, you may be able to buy Shares on market at a lower price than the Issue Price of New Shares.

No cooling-off regime applies in relation to the acquisition of New Shares under the SPP.

1 Eligible Shareholders

• (a) Subject to sections 1(c) to 1(j), all persons registered as holders of fully paid ordinary Shares in Core, at 7:00pm (Sydney time) on 27 August 2025 ( Record Date ), whose registered address in the register of Core is in Australia or New Zealand may participate in the SPP ( Eligible Shareholders ).

• (b) Directors and employees of Core who hold Shares may be Eligible Shareholders.

• (c) Shareholders who hold Shares on behalf of, or are acting for the account or benefit of, persons who reside outside Australia or New Zealand (including persons who are in the United States) are not entitled to participate in the SPP on behalf of those persons.

• (d) The New Shares to be offered and sold under this SPP have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act ), or the securities laws of any state or other jurisdiction of the United States. Accordingly, shareholders who are located in the United States or are acting for the account or benefit of a person in the United States are not Eligible Shareholders and are not entitled to participate in the SPP. A trustee, nominee or custodian must not participate in the SPP on behalf of any person in the United States or elsewhere outside of Australia and New Zealand and may not, distribute this SPP Booklet or any other document relating to the SPP to, any person in the United States or elsewhere outside of Australia and New Zealand.

• (e) Consistent with the representations, warranties and acknowledgements contained in section 3 and the Application Form included with these SPP Terms and Conditions, you may not submit any completed Application Forms for any person in the United States. Failure to comply with these restrictions may result in violations of applicable securities laws.

• (f) Shareholders who are joint holders of Shares are taken to be a single registered holder of Shares for the purposes of determining whether they are an Eligible Shareholder, and the certification under section 3(a)(vii) by one joint holder will be effective in respect of the other joint holder(s).

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• (g) If you are a custodian (as defined in ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 ), you may apply for up to A$30,000 worth of New Shares for each beneficiary subject to you annexing to your Application Form a certificate addressed to Core with the following information:

• (i) confirmation of either or both of the following:

  • (A) that you hold Shares on behalf of one or more other persons (each a participating beneficiary ) that are not custodians; or

  • (B) that another custodian ( downstream custodian ) holds beneficial interests in Shares on behalf of one or more other persons who are resident in Australia or New Zealand, to which those beneficial interests relate (each a participating beneficiary ), and you hold the Shares to which those beneficial interests relate on behalf of the downstream custodian or another custodian;

• (ii) confirmation that each participating beneficiary has subsequently instructed the following persons:

  • (A) where sub-paragraph (i)(A) above applies – you; or

  • (B) where sub-paragraph (i)(B) above applies – the downstream custodian,

to apply for New Shares on their behalf under the SPP;

• (iii) the number of participating beneficiaries and their names and addresses;

• (iv) in respect of each participating beneficiary:

• (A) where sub-paragraph (i)(A) above applies – the number of Shares that you hold on their behalf; or

• (B) where sub-paragraph (i)(B) above applies – the number of Shares to which the beneficial interests relate;

• (v) in respect of each participating beneficiary:

• (A) where sub-paragraph (i)(A) above applies – the number or the dollar amount of New Shares they have instructed you to apply for on their behalf; or

• (B) where sub-paragraph (i)(B) above applies – the number or the dollar amount of New Shares they have instructed the downstream custodian to apply for on their behalf;

• (vi) confirmation that there are no participating beneficiaries in respect of which the total of the application price for the following exceeds A$30,000:

• (A) the New Shares applied for by you under the SPP in accordance with the instructions referred to in sub-paragraph (v) above; and

• (B) any other Shares issued to you in the 12 months before the application as a result of an instruction given by them to you or the downstream custodian to apply for Shares on their behalf under an arrangement similar to the SPP;

• (vii) confirmation that a copy of the SPP Booklet was given to each participating beneficiary; and

• (viii) where sub-paragraph (i)(B) above applies – the name and address of each custodian who holds beneficial interests in the Shares held by you in relation to each participating beneficiary,

(a Custodian Certificate ).

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• (h) If you hold Shares as a trustee or nominee for another person, but are not a custodian as defined in ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 , you cannot participate for beneficiaries in the manner described above. In this case, the rules in section 2(b) apply.

• (i) Custodians wishing to participate on behalf of a beneficiary or beneficiaries must provide the certifications required by ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 and should contact the Core's Share Registry, Automic, on Core's SPP Information Line to request a Custodian Certificate that contains these certifications and other details required to be provided by the Custodian.

• (j) If you are an Eligible Shareholder, your rights under this offer are personal to you and are non-renounceable, which means you cannot transfer your rights to another person.

2 Applying for Shares

• (a) Participation in the SPP is optional. Eligible Shareholders may apply to purchase a parcel of New Shares with a dollar amount of A$2,500, A$5,000, A$10,000, A$15,000, A$20,000, A$25,000 or A$30,000. If you are an Eligible Shareholder and wish to participate in the SPP, you must follow the instructions on the Application Form and:

• (i) make payment by BPAY® equivalent to the dollar amount of the parcel of New Shares you wish to apply for (including providing the unique reference number provided to you for purposes of the SPP only); or

• (ii) make payment by EFT (for New Zealand eligible Shareholders only) equivalent to the dollar amount of the parcel of New Shares you wish to apply for (including providing the unique reference number provided to you for purposes of the SPP only).

(both an Electronic Application ),

so that it is received by the registry by 5:00pm (Sydney time) on 24 September 2025 (the SPP Closing Date ). Payments must be in Australian dollars.

If Core receives an amount that is not equal to A$2,500, A$5,000, A$10,000, A$15,000, A$20,000, A$25,000 or A$30,000, Core will round down the dollar amount of New Shares that you are applying for to the next lowest parcel or, if Core receives less than A$2,500, reject your application and refund your application monies that are not used to purchase New Shares, without interest, as soon as practicable following the issue of New Shares.

If you make an Electronic Application, in applying for New Shares, you represent to Core that the total of the application price for the following does not exceed A$30,000:

• (i) the New Shares the subject of the application;

• (ii) any other New Shares issued to you under the SPP or Shares issued under any similar arrangement in the 12 months before the application (excluding Shares applied for but not issued);

• (iii) any other New Shares which you have instructed a custodian to acquire on your behalf under the SPP; and

• (iv) any other Shares issued to a custodian in the 12 months before the application as a result of an instruction given by you to the custodian to apply for Shares on your behalf under an arrangement similar to the SPP.

• (b) Eligible Shareholders who receive more than one offer under the SPP (for example, because they hold Shares in more than one capacity) may apply on different Application Forms for New Shares but may not apply for New Shares with an aggregate dollar amount of more than A$30,000.

• (c) Core may accept or reject your application for New Shares at its discretion. Core may reject your application in the following circumstances (among others):

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• (i) you have applied for New Shares with a total application price of less than A$2,500; (ii) your BPAY® or EFT (for New Zealand eligible Shareholders only) payment is incomplete or invalid;

• (iii) unless you are a custodian, it appears that you are applying to acquire New Shares with an aggregate application price in excess of A$30,000 under the SPP;

• (iv) you are a Custodian and you have not provided the required Custodian Certificate;

• (v) your Application BPAY® or EFT (for New Zealand eligible Shareholders only) payment is received after the SPP Closing Date. Late payments will be refunded, without interest, as soon as practicable following the issue of New Shares; or

• (vi) Core believes you are not an Eligible Shareholder (subject to compliance with any applicable ASIC requirements).

• (d) If the value of the parcel of New Shares you have applied for cannot be divided by the Issue Price to give a whole number of New Shares, there will be a rounding up of the number of New Shares.

3 Effect of Making an Application

• (a) If you make an Electronic Application, by making that Electronic Application:

• (i) you have read and accepted these SPP Terms and Conditions in full and you declare that all details and statements in your Application Form are true and complete and not misleading;

• (ii) you declare that you were the registered holder(s) at the Record Date of the Shares indicated on the Application Form as being held by you on the Record Date;

• (iii) you warrant that you are an Eligible Shareholder and are eligible to participate in the SPP using the unique reference number provided to you for the purposes of the SPP only;

• (iv) you irrevocably and unconditionally agree to these SPP Terms and Conditions, the terms of the Application Form and Core's Constitution and agree not to do any act or thing that would be contrary to the spirit, intention or purpose of the SPP;

• (v) you declare you are over 18 years of age and have full legal capacity and power to perform all of your rights and obligations under the Application Form;

• (vi) you acknowledge your application is irrevocable and unconditional and cannot be varied or withdrawn;

• (vii) if you are applying on your own behalf (and not as a custodian), you acknowledge and agree that:

  • (A) you are not applying for New Shares with an application price of more than A$30,000 under the SPP (including by instructing a Custodian to acquire New Shares on your behalf under the SPP); and

  • (B) the total of the application price for the following does not exceed A$30,000:

    • (1) the New Shares the subject of the application;

    • (2) any other New Shares issued to you under the SPP or Shares issued under any similar arrangement in the 12 months before the application (excluding Shares applied for but not issued);

    • (3) any other New Shares which you have instructed a custodian to acquire on your behalf under the SPP; and

    • (4) any other Shares issued to a custodian in the 12 months before the application as a result of an instruction given by you to the

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custodian to apply for Shares on your behalf under an arrangement similar to the SPP;

• (viii) if you are a custodian and are applying on behalf of a participating beneficiary on whose behalf you hold Shares, you acknowledge and agree that:

• (A) you are a Custodian;

• (B) you hold Shares (directly or indirectly) on behalf of one or more participating beneficiaries;

• (C) you held Shares on behalf of the participating beneficiary as at the Record Date who has instructed you to apply for New Shares on their behalf under the SPP;

• (D) each participating beneficiary on whose behalf you are applying for New Shares has been given a copy of this SPP Booklet;

• (E) the application price for the New Shares applied for on behalf of the participating beneficiary, and any other Shares applied for on their behalf under a similar arrangement in the previous 12 months (excluding Shares applied for but not issued), does not exceed A$30,000; and

• (F) the information in the Custodian Certificate submitted with your application is true, correct and not misleading;

• (ix) you accept the risk associated with any refund that may be dispatched to your address or to your nominated bank account as shown on the register of members of Core;

• (x) you acknowledge that no interest will be paid on any application monies held pending the issue of the New Shares or subsequently returned to you for any reason;

• (xi) you authorise Core, Core's Share Registry and their respective officers or agents to do anything on your behalf necessary for New Shares to be issued to you, including to act on instructions of Core's Share Registry upon using the contact details set out in your Application Form;

• (xii) you acknowledge that the information contained in this SPP Booklet, the SPP Terms and Conditions and your Application Form is not investment advice nor a recommendation that New Shares are suitable for you given your investment objectives, financial situation or particular needs;

• (xiii) you acknowledge that this SPP Booklet is not a prospectus, has not been and will not be lodged with ASIC, does not contain all of the information that you may require in order to assess an investment in Core and is given in the context of Core’s past and ongoing continuous disclosure announcements to ASX;

• (xiv) you acknowledge that none of Core or its respective related bodies corporate and affiliates and their respective directors, officers, partners, employees, representatives, agents, consultants or advisers guarantees the performance of Core, nor do they guarantee the repayment of capital, nor have they provided you with any financial product or investment advice or taxation advice in relation to the SPP, or has any obligation to provide such advice;

• (xv) you acknowledge that Core is not liable for any exercise of its discretions referred to in this SPP Booklet;

• (xvi) you authorise Core, and its officers and agents, to do anything on your behalf necessary for New Shares to be issued to you in accordance with these SPP terms and conditions;

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• (xvii) you acknowledge that Core may at any time irrevocably determine that your application is valid, in accordance with these SPP terms and conditions, even if the Application Form is incomplete, contains errors or is otherwise defective;

• (xviii) you authorise Core, and its officers and agents, to correct minor or easily rectified errors in, or omissions from, your Application Form and to complete the Application Form by the insertion of any missing minor detail;

• (xix) you represent and warrant that the law of any place does not prohibit you from being given this Booklet and the Application Form, nor does it prohibit you from making an application for New Shares and that you are otherwise eligible to participate in the SPP;

• (xx) you represent that you are not in the United States and you are not acting for the account or benefit of a person in the United States (or in the event that you are acting for the account or benefit of a person in the United States, you are not participating in the SPP in respect of that person);

• (xxi) you acknowledge that the New Shares have not been, and will not be, registered under the U.S. Securities Act or the securities laws of any state or other jurisdiction of the United States, and accordingly, the New Shares may not be offered, or sold, directly or indirectly, in the United States except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws;

• (xxii) you acknowledge that the New Shares may only be offered and sold outside the United States in “offshore transactions” (as defined in Rule 902(h) under the U.S. Securities Act) in reliance on Regulation S under the U.S. Securities Act; and

• (xxiii) you represent that you have not, and you agree that you will not, send this SPP Booklet or any other materials relating to the SPP to any person in the United States or to any person acting for the account or benefit of a person in the United States.

4 Issue price of Shares under the SPP

• (a) The Issue Price is A$0.105 per New Share, being the same price per Share paid by the institutional and sophisticated investors under the Placement.

• (b) The Issue Price represents a 12.5% discount to the closing price of Shares on the last trading day prior to the announcement of the SPP, being A$0.12.

• (c) You agree to pay the Issue Price per New Share for the number of New Shares calculated under section 2(a) or, if there is a scale-back, the number of New Shares calculated under section 6.

• (d) You acknowledge the risk that the market price of Shares may change (i.e., rise or fall) between the date of this SPP Booklet and the date the New Shares are issued to you under the SPP, which may mean that the Issue Price you pay for the New Shares may exceed or be less than the market price of Shares on the Issue Date.

5 The Shares

New Shares issued under the SPP will rank equally in all respects with existing Shares quoted on the ASX, with the same voting rights, dividend rights and other entitlements.

6 Scale-back

• (a) Core may in its absolute discretion allocate to you less than the number of Shares you have applied for. If there is a scale-back, it is Core's intention that each applicant will be treated equally and will be scaled-back pro-rata based on the number of New Shares for which they have applied (subject to any minimum dollar allocation determined by Core at its absolute discretion).

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• (b) When determining the amount (if any) by which to scale-back an application, Core may take into account a number of factors, including the size of an applicant’s shareholding, the extent to which Eligible Shareholders have sold or bought additional Shares after the Record Date and the date an application was made.

• (c) If there is a scale-back, you may receive less than the parcel of Shares for which you have applied. If a scale-back produces a fractional number of Shares when applied to your parcel, the number of New Shares you will be allocated will be rounded down to the nearest whole number of New Shares.

• (d) In the event of a scale-back the difference between the application monies received, and the number of New Shares allocated to you multiplied by the Issue Price, will be refunded to you without interest by direct deposit (to your nominated account as recorded on the register of Core), without interest, as soon as practicable following the issue of the New Shares.

7 Costs of Participation

No brokerage, commissions or other transaction costs will be payable by Eligible Shareholders in respect of the application for, and the issue of, New Shares under the SPP.

8 Timetable

• (a) Subject to section (b):

Event	Date (and time if relevant)	Date (and time if relevant)
Record Date	(7:00pm, Sydney time) on
To participate in the SPP, shareholders must be registered	Wednesday,	27 August 2025
holders of Shares at the Record Date with a registered address
on the register in Australia or New Zealand and must not be
holding Shares on behalf of, or are acting for the account or
benefit of, persons who reside outside Australia or New Zealand
(including persons who are in the United States).
SPP Opening Date	(9:00am, Sydney time) on
	Thursday, 4	September 2025
SPP Booklet made available, including personalised Application	Thursday, 4	September 2025
Forms
SPP Closing Date	(5:00pm, Sydney time)
If Core does not receive a payment made by BPAY® before the	Wednesday,	24 September
SPP Closing Date, Core reserves the right to return any	2025
payment and not issue any New Shares to the shareholder.
Results of SPP announced	Monday, 29 September 2025
The number of New Shares to be issued and, if applicable, any
scale-back will be announced to the ASX by this date.
Issue Date of New Shares under the SPP	Monday, 29 September 2025
Core proposes toissue theNewShares onthis date.
Quotation and normal trading on ASX of New Shares issued	Tuesday, 30	September 2025
under the SPP
Despatch of SPP holding statements	Friday, 3 October 2025
The date on which transaction confirmations are sent to Eligible
Shareholders

• (b) Core may vary any of the above dates in section 8(a) at its discretion (even if the offer has opened, or BPAY® and EFT (for New Zealand eligible Shareholders only) or Application Forms have been received) by lodging a revised timetable with ASX.

9 New Zealand

The New Shares are not being offered or sold to the public within New Zealand other than to existing shareholders of Core with registered addresses in New Zealand to whom the offer of the New

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Shares is being made in reliance on the Financial Markets Conduct (Incidental Offers) Exemption Notice 2021.

This SPP Booklet has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013. This document is not a product disclosure statement under New Zealand law and is not required to, and may not, contain all the information that a product disclosure statement under New Zealand law is required to contain.

10 Core Determination Final

Core may determine in any manner it thinks fit, any difficulties, anomalies or disputes that may arise in connection with or by reason of the operation of the SPP and the decision of Core will be conclusive and binding on all participants and other persons to whom the determination relates.

11 Waiver, Amendment, Suspension and Withdrawal

Core may, at its discretion, waive compliance with any provision of these SPP Terms and Conditions, amend or vary these SPP Terms and Conditions, vary the timetable for the SPP, including the SPP Closing Date, not accept an Application Form, not issue New Shares or issue New Shares at a value less than that applied for under the SPP by any Eligible Shareholder or suspend or withdraw the offer, in each case at any time. Any such waiver, amendment, variation, suspension or withdrawal will be binding on all Eligible Shareholders even where Core does not notify you of the event. The powers of Core under these SPP Terms and Conditions may be exercised by the directors of Core or any representative of those directors.

Without limiting the above, the Core may issue to any person fewer New Shares than the person applied for, or issue that person no New Shares at all, under the SPP if the issue of New Shares applied for would contravene any applicable law, ASIC requirements (including under the ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 ) or policy or any ASX Listing Rules.

12 No Underwriting

The SPP will not be underwritten.

13 Governing Law

These SPP Terms and Conditions are governed by the laws in force in Western Australia.

14 Privacy policy

• (a) Chapter 2C of the Corporations Act requires information about you as a shareholder (including your name, address and details of the shares you hold) to be included in the public register of the entity in which you hold shares. This information must continue to be included in the public register if you cease to be a shareholder. The Privacy Amendment (Private Sector) Act 2000 (Cth) does not alter these statutory obligations.

• (b) Core and Core’s Share Registry, Automic, may collect personal information to process your application and implement the SPP, and to administer your shareholding.

• (c) The personal information contained in the register of members of Core is also used to facilitate payments and corporate communications (including financial results, annual reports and other information to be communicated to shareholders) and to ensure compliance with legal and regulatory requirements, including Australian taxation laws and the Corporations Act.

• (d) The personal information we collect may include your name, address, other contact details, bank account details and details of your Core shareholding.

• (e) Core shareholders who are individuals and the other individuals in respect of whom personal information is collected, as outlined above, have certain rights to access, correct or update the personal information held about them, subject to some exceptions allowed by law. Such individuals should contact the Share Registry on 1300 288 664 (within Australia) or +61 2 9698 5414 (outside Australia) in the first instance if they wish to request access to that personal information. Reasons will be given if access is denied.

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• (f) Your personal information may be disclosed to joint investors, registry, to securities brokers, to third party service providers (including print and mail service providers, technology providers, and professional advisors), to related entities of Core and each of their agents and contractors, and to ASX and other regulatory authorities, and in any case, where disclosure is required or allowed by law (which may include disclosures to the Australian Taxation Office and other government or regulatory bodies or where you have consented to the disclosure). In some cases, the types of organisations referred to above to whom we will disclose your personal information may be located overseas.

• (g) The main consequence of not providing the personal information outlined in sections 14(a) to 14(d) above would be that Core may be hindered in, or prevented from, processing your application, and from conducting and implementing the SPP.

• (h) Core's Share Registry’s privacy policy is available on their website: www.automicgroup.com.au/privacy-policy.

15 Other terms and conditions

Shareholders will be bound by the Constitution of Core and these SPP Terms and Conditions by accepting the offer to acquire Shares under the SPP.

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Glossary

The following definitions apply throughout this SPP Booklet unless the context requires otherwise.

Application Form	The application form relating to the SPP that you received with this SPP Booklet, including the instructions. This may include a deemed application form in the same terms, where a valid BPAY® or EFT (for New Zealand eligible Shareholders only) payment is made.
ASIC	Australian Securities & Investments Commission.
ASX	ASX Limited (ACN 008 624 691) or the market operated by it, as the context requires.
ASX Listing Rules	The listing rules of ASX.
Automic	Automic Pty Ltd (ACN 152 260 814).
Closing Date	5:00pm (Sydney Time) on 24 September 2025 (or such other date as Core determines).
Constitution	The Constitution of Core.
Core	Core Lithium Ltd (ACN 146 287 809).
Corporations Act	Corporations Act 2001(Cth).
Custodian	A custodian, trustee or nominee within the definition of “custodian”in ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547.
Custodian Certificate	has the meaning given in clause 1(g) of the SPP Terms and Conditions.
Dollars, A$ or $	Australian dollars.
Downstream Custodian	Another Custodian on whose behalf a Custodian holds Shares, who holds the beneficial interests in Shares on behalf of one or more persons.
Electronic Application	Payment by BPAY® or EFT (for New Zealand eligible Shareholders only) equivalent to the dollar amount of the parcel of New Shares you wish to apply for (including providing the unique reference number provided to you for purposes of the SPP only).
Eligible Shareholder	All persons registered as holders of fully paid ordinary Shares in Core, at 7:00pm (Sydney time) on 27 August 2025, whose registered address in the register of Core is in Australia or New Zealand, provided that such persons are not in the United States and are not acting for the account or benefit of a person in the United States (or, in the event that such holder is acting for the account or benefit of a person in the United States, it is not participating in the SPP in respect of that person).
Issue Date	29 September 2025.
Issue Price	A$0.105 per New Share.
New Shares	means a new Share issued under the SPP.
Opening Date	4 September 2025.
Placement	The placement of Shares to institutional and sophisticated investors, announced on 28 August 2025.
Record Date	7:00pm (Sydney Time) on 27 August 2025.

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Share Registry	Automic Pty Ltd (ACN 152 260 814).
Share or Shares	A fully paid ordinary share in Core.
Shareholder(s)	Holder(s) of Shares.
Share Purchase Plan or SPP	This Share Purchase Plan being offered to Eligible Shareholders under this SPP Booklet.
SPP Booklet	This booklet.
SPP Terms and Conditions	The terms and conditions of the SPP set out in this SPP Booklet, including this Glossary and the Application Form contained in this SPP Booklet.
US Securities Act	The United States Securities Act of 1933, as amended.

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Corporate Directory

Core Lithium Ltd ABN 80 146 287 809

Level 9

2 Mill Street

Perth WA 6000 Australia Telephone: +61 8 8317 1700 Email: info@corelithium.com.au

https://corelithium.com.au/

Legal Adviser

Mills Oakley Level 24 240 St Georges Terrace

PERTH WA 6000

Share Registry

Automic Pty Ltd ACN 152 260 814 GPO Box 5193

Sydney, NSW 2001 Australia

Telephone (inside Australia): 1300 288 664

Telephone (outside Australia): +61 2 9698 5414

www.automicgroup.com.au

Core SPP Information Line

Shareholders with questions in relation to the SPP may contact Core's SPP Information Line on: 1300 816 156 (within Australia) or +61 2 8072 1416 (outside Australia)