Deterra Royalties Limited — Capital/Financing Update 2023

Oct 17, 2023

3

==> picture [115 x 38] intentionally omitted <==

Australian Securities Exchange Notice

==> picture [595 x 36] intentionally omitted <==

18 October 2023

ASX: DRR

BHP OPERATIONAL REVIEW FOR THE QUARTER ENDED 30 SEPTEMBER 2023

Deterra Royalties Limited (ASX: DRR) ( Deterra or Company ) notes BHP’s (ASX: BHP) Operational Review released today. To assist readers in understanding relevant operational matters relating to the Mining Area C (MAC) royalty, selected information from the report is reproduced below:

• MAC achieved production for the September 2023 quarter of 30.4 million wet metric tonnes (Mwmt) (100 per cent basis), a decrease of 10.5 per cent compared to the prior quarter.

• South Flank’s ramp up to full production capacity of 80 Mwmt per annum (100 per cent basis) by the end of the 2024 financial year remains on track.

The company receives an ongoing royalty of 1.232% of Australian dollar denominated quarterly FOB revenue from the MAC royalty area. Additional, one-off capacity payments of A$1 million per one million dry metric tonne (Mdmt) increase in annual mine production are determined for the period ending 30 June. The current demonstrated annual capacity level is set at 118 Mdmt.

This document was approved and authorised for release by Deterra’s Managing Director.

Bronwyn Kerr Company Secretary

Investor enquiries:

Brendan Ryan Chief Financial Officer Mobile: + 61 (0) 477 881 976 Email: investor.relations@deterraroyalties.com

==> picture [595 x 29] intentionally omitted <==

Deterra Resources Limited • ACN 641 743 348 • Level 5 216 St Georges Terrace Perth WA 6000 T +61 (0)8 6277 8880 • www.deterraroyalties.com