EMERALD RESOURCES NL — Major Shareholding Notification 2026

Mar 2, 2026

605 Page 1 03-Mar-2026

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 substantial holder on The previous notice was given to the company on The previous notice was dated EMERALD RESOU 009 795 046 State Street	EMERALD RESOU	RCES NL
	009 795 046
		Corporation and subsidiaries named inparagraph 4 to this form
	al holder on company on	27/02/2026 27/02/2026 25/02/2026

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 th 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 & C

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 votin 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 LIMITED	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:

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.	1 CONGRESS STREET, BOSTON MA 02114, UNITED STATES
STATE STREET GLOBAL ADVISORS TRUST COMPANY	1 CONGRESS STREET, BOSTON MA 02114, UNITED STATES
STATE STREET GLOBAL ADVISORS LIMITED	20 CHURCHILL PLACE, LONDON, ENGLAND, E14 5HJ, UNITED KINGDOM
STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	LEVEL 15, 420 GEORGE STREET, SYDNEY NSW 2000, AUSTRALIA

Signature

print name sign here	capacity Authorised signatory Alok Maheshwary
	date 03/03/2026

605 Page 2 03-Mar-2026

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 03-Mar-2026

Annexure A

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

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Dated the 03/03/2026 Authorised signatory Alok Maheshwary	Dated the 03/03/2026 Authorised signatory Alok Maheshwary	Dated the 03/03/2026 Authorised signatory Alok Maheshwary	Dated the 03/03/2026 Authorised signatory Alok Maheshwary	Dated the 03/03/2026 Authorised signatory Alok Maheshwary	Dated the 03/03/2026 Authorised signatory Alok Maheshwary	Dated the 03/03/2026 Authorised signatory Alok Maheshwary
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
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-314,965	Ordinary	-314,965
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-571	Ordinary	-571
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-113,749	Ordinary	-113,749
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	1,343	Ordinary	1,343
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	561,305	Ordinary	561,305
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	506,684	Ordinary	506,684
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	4	Ordinary	4
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-1	Ordinary	-1
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	104,091	Ordinary	104,091
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	19	Ordinary	19
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-5,295	Ordinary	-5,295
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-760	Ordinary	-760
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-451,968	Ordinary	-451,968
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-83	Ordinary	-83
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	109,774	Ordinary	109,774
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	4	Ordinary	4
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	5,613	Ordinary	5,613
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-1	Ordinary	-1
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	17,119	Ordinary	17,119
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-4	Ordinary	-4
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-20	Ordinary	-20
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	55	Ordinary	55
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Borrow - for stock borrows	n/a	-29,829	Ordinary	-29,829
26/02/2026	STATE STREET BANK AND TRUST COMPANY	Borrow - for stock borrows	n/a	29,829	Ordinary	29,829
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-1,454	Ordinary	-1,454
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-1,050,719	Ordinary	-1,050,719
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-1,343	Ordinary	-1,343
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-233	Ordinary	-233
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-561,305	Ordinary	-561,305
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-506,684	Ordinary	-506,684
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-48,299	Ordinary	-48,299
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-1,879	Ordinary	-1,879
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-254	Ordinary	-254
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-1,830	Ordinary	-1,830
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-435	Ordinary	-435
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-104,091	Ordinary	-104,091

605 Page 4 03-Mar-2026

27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-561	Ordinary	-561
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	11	Ordinary	11
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	401	Ordinary	401
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	68	Ordinary	68
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	11,420	Ordinary	11,420
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	1,058,659	Ordinary	1,058,659
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	2,881	Ordinary	2,881
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	4,073	Ordinary	4,073
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	91,404	Ordinary	91,404
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	65,468	Ordinary	65,468
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	417	Ordinary	417
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-109,774	Ordinary	-109,774
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-100,974	Ordinary	-100,974
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-187	Ordinary	-187
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-5,613	Ordinary	-5,613
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-1,226	Ordinary	-1,226
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-703	Ordinary	-703
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-1,417	Ordinary	-1,417
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-17,119	Ordinary	-17,119
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-13,033	Ordinary	-13,033
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-3,658	Ordinary	-3,658
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Collateral received	n/a	-55	Ordinary	-55
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Borrow - for stock borrows	n/a	-29,829	Ordinary	-29,829
27/02/2026	STATE STREET BANK AND TRUST COMPANY	Borrow - for stock borrows	n/a	29,829	Ordinary	29,829
27/02/2026	STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Transfer out	7.08	-5,941	Ordinary	-5,941
27/02/2026	STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Transfer out	7.08	-62	Ordinary	-62
27/02/2026	STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Transfer out	7.08	-7,143	Ordinary	-7,143
27/02/2026	STATE STREET GLOBAL ADVISORS EUROPE LIMITED	Transfer in	7.08	1,972	Ordinary	1,972

605 Page 5 03-Mar-2026

Annexure B

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

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03/03/2026 Alok Maheshwary Authorised signatory Dated the	03/03/2026 Alok Maheshwary 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 as per 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 company or responsible entity to whom the prescribed report is given.
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 mayon-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 company or responsible entity to whom the prescribed report was given.
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)

605 Page 6 03-Mar-2026

Annexure C

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

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Dated the 03/03/2026

Alok Maheshwary Authorised signatory Dated the 03/03/2026 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 borrower of the securities under securities lending agreement, subject to obligation to return under the agreement. (State Street Bank and Trust Company has on-lent the securities and retains relevant interest as per Part A of this Annexure.)	Part A: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires relevant interest as borrower of the securities under securities lending agreement, subject to obligation to return under the agreement. (State Street Bank and Trust Company has on-lent the securities and retains relevant interest as per Part A of this Annexure.)
Type of agreement:	Global Master Securities Lending Agreement/Master Securities Loan Agreement/Securities Loan Agreement. If requested, a pro forma copy of the agreement will be given to the ASIC or the company or responsible entity to whom the prescribed report was given.
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) Yes (if the borrower is the registered holder. However the securities are on-lent by the borrower as per Part B of this Annexure) (2)No,not duringterm of securities loan
If yes, in what detail?	(1) Only if the borrower is the registered holder. However the securities are on-lent by the borrower as per Part B of this Annexure (2) n/a
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 to 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 lends the securities under securities lending agreement, and retains relevant interest through the right to recall the securities or equivalent securities.
Type of agreement:	Global Master Securities Lending Agreement/Master Securities Loan Agreement. If requested, a pro forma copy of the agreement will be given to the ASIC or the company or responsible entity to whom the prescribed report was given.
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 lender recalls the loan and exercises its right to become the registered holder (2) Yes (while registered holder)
If yes, in what detail?	(1) Only if the lender recalls the loan and exercises its right to become the registered holder (2) Borrower mayexercise votingrights(while registered holder)
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 to the 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 anytime subject togivingnotice
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

605 Page 7 03-Mar-2026

Part C: 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 (“pledge”) over the securities as collateral to secure a securities loan. (See Part B of this Annexure for securities loan details.)

Type of agreement:	Global Master Securities Lending Agreement Security Agreement: If requested, a pro forma copy of the agreement will be given to the ASIC or the company or responsible entity to whom the prescribed report was given.
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 anyrestrictions on votingrights?	(1)Yes,but onlyif the borrower defaults andpledge is enforced
If yes, in what detail?	(1) Only if the borrower defaults and pledge is enforced (2) In accordance with ordinary rights as registered holder, either directly or through nominee holder
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 pledged, 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 release date. Securities are released from pledge on termination of related securities loan
Does the borrower have the right to return the securities early? [Yes/No]	No scheduled release date. Securities are released from pledge on termination of related securities loan or theprovision of alternative 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 release pledged securities if the borrower returns the borrowed securities or equivalent securities)