EMERALD RESOURCES NL — Major Shareholding Notification 2024

Dec 4, 2024

605 Page 1 05-Dec-2024

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme ACN/ARSN 1. Details of substantial holder (1) Name ACN/ARSN (if applicable) The holder ceased to be a substanti The previous notice was given to the The previous notice was dated	EMERALD RESOU	RCES NL
	009 795 046
	State Street	Corporation and subsidiaries named inparagraph 4 to this form
	al holder on company on	03/12/2024 28/11/2024 26/11/2024

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
	Annexure A & B

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

s in the company or scheme are as follows:
Name and ACN/ARSN (if applicable)	Nature of association
STATE STREET BANK AND TRUST COMPANY	Subsidiary of State Street Corporation
STATE STREET GLOBAL ADVISORS EUROPE LIMITED	Subsidiary of State Street Corporation
SSGA FUNDS MANAGEMENT, INC.	Subsidiary of State Street Corporation
STATE STREET GLOBAL ADVISORS TRUST COMPANY	Subsidiary of State Street Corporation
STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Subsidiary of State Street Corporation

4. Addresses

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

resses of persons named in this form are as follows:
Name	Address
STATE STREET BANK AND TRUST COMPANY	ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
STATE STREET GLOBAL ADVISORS EUROPE LIMITED	78 SIR JOHN ROGERSON’S QUAY, DUBLIN 2, IRELAND
SSGA FUNDS MANAGEMENT, INC.	CHANNEL CENTER, 1 IRON STREET, BOSTON MA 02210, UNITED STATES
STATE STREET GLOBAL ADVISORS TRUST COMPANY	1 IRON STREET, BOSTON MA 02210, UNITED STATES
STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	LEVEL 15, 420 GEORGE STREET, SYDNEY NSW 2000, AUSTRALIA

Signature

print name Elizabeth Schaefer sign here

capacity	Authorised signatory
date	05/12/2024

605 Page 2 05-Dec-2024

DIRECTIONS

• (1) 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 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 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) 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 accurate 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.

• (5) 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 may, become entitled 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.

(6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

605 Page 3 05-Dec-2024

Annexure A

This is Annexure A referred to in Form 605, Notice of ceasing to be substantial holder

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Dated the 05/12/2024 Elizabeth Schaefer Authorised signatory	Dated the 05/12/2024 Elizabeth Schaefer Authorised signatory	Dated the 05/12/2024 Elizabeth Schaefer Authorised signatory	Dated the 05/12/2024 Elizabeth Schaefer Authorised signatory	Dated the 05/12/2024 Elizabeth Schaefer Authorised signatory	Dated the 05/12/2024 Elizabeth Schaefer Authorised signatory	Dated the 05/12/2024 Elizabeth Schaefer Authorised signatory
Date of change	Person whose relevant interest	Nature of change	Consideration given in relation to change	Class and number of securities affected		Person's votes affected
27/11/2024	STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Transfer in	3.65	880	Ordinary	880
27/11/2024	STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Transfer in	3.65	3,520	Ordinary	3,520
27/11/2024	STATE STREET BANK AND TRUST COMPANY	Lend - for stock lend	n/a	-2,872,702	Ordinary	-2,872,702
27/11/2024	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	3,032,646	Ordinary	3,032,646
28/11/2024	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-6,844	Ordinary	-6,844
29/11/2024	STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Transfer out	3.62	-681	Ordinary	-681
29/11/2024	STATE STREET BANK AND TRUST COMPANY	Lend - for stock lend	n/a	39,363	Ordinary	39,363
29/11/2024	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-34,460	Ordinary	-34,460
02/12/2024	STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Transfer in	3.56	5,720	Ordinary	5,720
02/12/2024	STATE STREET BANK AND TRUST COMPANY	Lend - for stock lend	n/a	-9,795	Ordinary	-9,795
02/12/2024	STATE STREET BANK AND TRUST COMPANY	Lend - for stock lend	n/a	7,813	Ordinary	7,813
02/12/2024	STATE STREET BANK AND TRUST COMPANY	Lend - for stock lend	n/a	1,982	Ordinary	1,982
02/12/2024	STATE STREET BANK AND TRUST COMPANY	Lend - for stock lend	n/a	-35,929	Ordinary	-35,929
02/12/2024	STATE STREET BANK AND TRUST COMPANY	Lend - for stock lend	n/a	35,929	Ordinary	35,929
02/12/2024	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	4,458	Ordinary	4,458
03/12/2024	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	636	Ordinary	636
03/12/2024	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	609	Ordinary	609
03/12/2024	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	246,956	Ordinary	246,956
03/12/2024	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-2,995,800	Ordinary	-2,995,800

605 Page 4 05-Dec-2024

Annexure B

This is Annexure B referred to in Form 605, Notice of ceasing to be substantial holder

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05/12/2024 Elizabeth Schaefer Authorised signatory Dated the	05/12/2024 Elizabeth Schaefer Authorised signatory Dated the
State Street Bank and Trust Company will, if requested by the company or responsible entity to whom this form must be given under the Corporations Act 2001 (Cth) or if requested by the Australian Securities and Investment Commission (ASIC), provide a copy of the master securities lending agreement/s and security agreement/s referred to below to the company, responsible entity or ASIC.
Part A: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires relevant interest as lender of the securities under securities lending authorisation agreement, subject to obligation to return under the agreement. (State Street Bank and Trust Company has lent the securities and retains relevant interest asper Part B of this Annexure.)
Type of agreement:	Securities Lending Authorisation Agreement/ Global Master Securities Lending Agreement/ Securities Loan Agreement. A pro forma copy of the agreement will be given if requested by the ASIC or the companyor responsible entityto whom theprescribed report isgiven.
Parties to agreement:	(1) State Street Bank and Trust Company (2) Counterparty / entities details to be shared, as and when requested.
Holder of votingrights	BORROWER
Are there any restrictions on voting rights?	(1) No (2) Yes. (Borrower has the right to vote, but may on-lend securities)
If yes, in what detail?	(1) Only if instructed to by the borrower (2)As determined bythe owner of the securities
Date on which the securities were (or are) expected to be delivered to the borrower or its nominee (ie borrow date):	The dates on which the securities were delivered by State Street Bank and Trust Company as borrower are set out in Annexure A to this notice
Scheduled date (if any) when the securities are expected to be returned to the lender or its nominee (ie return date)	No scheduled return date
Does the borrower have the right to return the securities early? [Yes/No]	No scheduled return date. Borrower can return securities or equivalent securities at anytime subject togivingnotice
If yes, in which circumstances?	Borrower can return securities or equivalent securities at any time subject to giving notice
Does the lender have the right to recall the securities early (ie before the scheduled return date)? [Yes/No]	No scheduled return date. Lender can require return of securities or equivalent securities at any time subject to giving notice
If yes, in which circumstances?	Lender can require return of securities or equivalent securities at any time subject to givingnotice
Are there circumstances in which the borrower will not be required to return the securities on settlement? [Yes/No]	No
Ifyes,in which circumstances?	n/a
Part B: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires a relevant interest in securities through taking a security interest (“title transfer”) over the securities as collateral to secure a securities loan. (See Part A of this Annexure for securities loan details.)
Type of agreement:	Global Master Securities Lending Agreement Securities Lending Authorisation Agreement If requested, a pro forma copy of the agreement will be given to the ASIC or the companyor responsible entityto whom theprescribed report wasgiven.
Parties to agreement:	(1) State Street Bank and Trust Company (2) Counterparty / entities details to be shared, as and when requested.
Holder of votingrights	LENDER
Are there any restrictions on voting rights?	(1) Yes, but only if the borrower defaults and ownership is enforce; (2) Yes
Ifyes,in what detail?	(1)Onlyif the borrower defaults and ownershipis enforced;
Date on which the securities were (or are) expected to be delivered to the borrower or its nominee (ie borrow date):	The dates on which the securities were transferred, as indicated in Annexure A to this notice
Scheduled date (if any) when the securities are expected to be returned to the lender or its nominee (ie return date)	No scheduled return date. Securities collateral is returned on termination of related securities loan
Does the borrower have the right to return the securities early? [Yes/No]	At any time subject to returning the borrowed securities or equivalent securities or providingalternative collateral
If yes, in which circumstances?	At any time subject to returning the borrowed securities or equivalent securities or providingalternative collateral
Does the lender have the right to recall the securities early (ie before the scheduled return date)? [Yes/No]	No, assuming the borrower returns the borrowed securities or equivalent securities
If yes, in which circumstances?	n/a (lender must return securities collateral if the borrower returns the borrowed securities or equivalent securities)