ELEMENTOS LIMITED — Major Shareholding Notification 2026

Jan 28, 2026

INBOUND NOTIFICATION : FAX RECEIVED SUCCESSFULLY

TIME RECEIVED January 29. 2026 at 1:43:56 PM GMT+11	REMOTE CSID	DURATION 148	PAGES	STATUS Received
29/01 2026 THU 10:44 FAX					⊠001/007

To : ASX Market Announcements Office $Bv$ : maogroup@asx.com.au Australian Securities Exchange Limited email From : Mark Wong Fax No : $+61282988260$

Dear Sirs,

Date

Elementos Limited (ACN: 138 468 756)

$: 29$ January 2026

Please find enclosed a Form 604 - Notice of change of interests of substantial holder dated 29 January 2026 in respect of the interests of APAC Resources Limited and its related bodies corporate in Elementos Limited (ASX: ELT) of which the APAC Resources Limited became aware on 27 January 2026.

Yours faithfully, For and on behalf of APAC RESOURCES LIMITED

Mark Wong Alternate Director

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Elementos Limited
ACN/ARSN	138 469 756
1. Details of substantial holder (1)
Name	APAC Resources Limited and its related bodies corporate, including the entities referred to in section 1 of Annexure A ("APAC Group")
ACN/ARSN (If applicable)	N/A
There was a change in the interests of the substantial holder on	23/01/2026
The previous notice was given to the company on	04/12/2025
The previous notice was dated	04/12/2025

2. Previous and present voting power

The total number of voles attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) In when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Valing power (5)	Ferson's votes	Voting power (5)
See section 2 of Annexure A

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securilles affected	Person's voles affected
section 3 of Annexure A See

1. Present relevant interests

604 page 2/2 15 July 2001

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
-- See section 4 of Annexure A

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting
Interests in the company or scheme are as fo

Name and ACN/ARSN (if applicable)	Nature of association
			See section 5 of Annexure A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
	See section 6 of Annexure A

Signature

print name	Mark Wong	capacity	Alternate Director
sign here		dale	29 January 2026

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and $(1)$ trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relevant intereet" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ Include details of:
• $(a)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and eccurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• $(b)$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant Interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or $(7)$ may, become entilled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• $(B)$ If the substantial holder is unable to determine the identity of the person (eg If the relevant interest arises because of an option) write "unknown".
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure "A"

Form 604 Notice of Change of Interests of Substantial Holder

Elementos Limited ACN 138 468 756

This is Annexure "A" of 3 pages referred to in the Form 604 (Notice of Change of Interests of Substantial Holder), signed by me and dated 29 January 2026.

PA dhé

Signed: Mark Wong

$\frac{9}{10}$

1. Details of substantial holder

Substantial holder ("APAC Group")

APAC Resources Limited and its related bodies corporate, including the entities listed in the first column of the table in section 6 of this Annexure A ("APAC Group")

2. Previous and present voting power

BUSICA

$C$ lass of securities $(4)$	Previous notice	Person's votes Voting power (5) Person's votes	Present notice	Voting power (5)
Fully paid ordinary shares ("Shares")	58,962,264	17.87% (based on 329,947,130 Shares on issue)	69,088,292	19.99% (based on 345,614,269 Shares on issue)

3. Changes in relevant Interests

Date of change	Whose l‼relevant‼ interest! changed	Person Mature of change (6)	Consideration Class and Test	given in relation. Inumber of the anti- to change (7) securities affected	Person's votes affected i n
23/01/2026	APAC Group	Issue of conditional placement shares to Metals X Limited following receipt of shareholder approval	\$0.28 per Share	8,160,619 Shares	8,160,619
23/01/2026	APAC Group	Participation by Metals X Limited In non- renounceable entitlement offer announced by	$$0.28$ per Share	1,965,409 Shares	1,965,409

$\bar{z}$

Change Hotel	Mhose crelevant $:$ Interest $33$ increases changed	Date of Ferson Nature of change (6)	consideration Class and Well Person's votes given in relation number of the state affected. $\lfloor$ to change $(7)$ $\lfloor$ securities affected $\lfloor$ $\rfloor$ $\cdots$
		Elementos on 24 November 2025 (being full subscription of Metals X entitlements under the offer)

$\ddot{\mathbf{4}}$ Present relevant Interests

Holder of: relevant. interest.	Registered holder of securities.	:Person entitled to be registered as : holder (8)	Nature of relevant. interest (6) :	Class and ' number of a securities	Person's votes
APAC Group	Metals X Limited	Metals X Limited	APAC Group holds a relevant interest under section 608(3) of the Corporations Act 2001 (Cth) in the same securities in which Metals X Limited has a relevant Interest. Any change of interests held by Metals X Limited in Elementos Limited will also result in the same change of interests held by APAC Group In Elementos Limited and may not be separately notified in the future.	69,088,292 Shares	69,088,292

5. Changes in association

$\cdots$ ida a sa sins Caraciata na farins a Nobel o Name and ACN/ARSN (If applicable) summan rui TF.	. . Nature of association and the same of the same $\cdots$ . . . $\cdot$ . 1.11
Refer to section 6 of this Annexure A	N/A

6. Addresses

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APAC Resources Limited	Room 2304, 23rd Floor, Allied Kajima Building, 138 Gloucester Road, Wanchal, Hong Kong
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