EMERALD RESOURCES NL — Share Issue/Capital Change 2026

Mar 17, 2026

ASX Announcement & Media Release

18 March 2026

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Option Exercise

Fast Facts

ASX Code: EMR Shares on issue: 660,645,844 Market Cap: ~A$3.8 billion Cash, Bullion & Listed Investments (Dec 25) Cash: A$299.3M (US$200.4M) Bullion: A$35.6M (US$23.7M) Listed investments: A$37.8M (US$25.3M)

Board & Management

Jay Hughes, Non-Executive Chairman Morgan Hart, Managing Director Mick Evans, Executive Director Ross Stanley, Non-Executive Director Billie Slott, Non-Executive Director Michael Bowen, Non-Executive Director Josh Redmond, Chief Operating Officer Mark Clements, Company Secretary Bernie Cleary, Operations Manager Cambodia Brett Dunnachie, Chief Corporate Officer Shannon Campbell, Chief Financial Officer

Company Highlights

Team

• Highly credentialed gold project operational and in-house development team;

• A proven history of building projects on time and on budget.

Gold Production

• Okvau Gold Mine commissioned on time on budget in 2021;

• ~470Koz gold produced project to date

Growth

• Significant exploration and resource growth potential in Cambodia:

• Okvau Gold Mine reserve expansion;

• Memot Project (100%) open pit indicated and inferred resource of 45.0Mt @ 1.2g/t Au for 1.7Moz

Emerald Resources NL (ASX: EMR) (“ Emerald ” or “ Company ”) advises that it has issued 46,343 fully paid ordinary shares (Shares) to an employee following the exercise of 60,000 unlisted $1.37 options expiring 17 October 2027 (issued on 31 October 2022) for which the holder has elected to pay the option exercise price by using the cashless facility provided for under the Company’s Incentive Plan.

As required under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“Corporations Act”) Emerald gives notice that;

• (a) Emerald issued the Shares without disclosure under Part 6D.2 of the Corporations Act.

• (b) This notice is being given under paragraph 5(e) of section 708A of the

  • Corporations Act.

• (c) As at the date of this notice, Emerald has complied with the provisions of the Chapter 2M of the Corporations Act (as they apply to Emerald), and section 674 and 674A of the Corporations Act.

• (d) As at the date of this notice, there is no excluded information with respect to Emerald for the purposes of sections 708A (7) and (8) of the Corporations Act.

An Appendix 2A reflecting the revised capital structure following the issue of the above securities has been released with this announcement.

This ASX release was authorised on behalf of the Emerald Board by: Morgan Hart, Managing Director.

For further information please contact Emerald Resources NL

Morgan Hart Managing Director

• 1,190km[2] of prospective tenure

• Significant exploration and resource growth potential in Australia:

• Dingo Range Gold Project located on the underexplored Dingo Range greenstone belt

• Dingo Range open pit measured, indicated and inferred resource of 40.9Mt @ 1.1g/t Au for 1.41Moz

• 1,110km[2] of prospective tenure

ESG

• Focussed on a net positive impact on nearmine environmental and social values by targeting strict compliance with corporate governance, international guidelines (IFC PS’s) and local laws by engaging and collaborating with all stakeholders.

• Commitment to carbon neutral operations in Cambodia.

Registered Office

1110 Hay Street West Perth WA 6005 T: +61 8 9286 6300 F: +61 8 6243 0032

• W: www.emeraldresources.com.au