FIRST AU LIMITED — Capital/Financing Update 2026

Apr 15, 2026

First Au Limited (ASX: FAU)

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16 April 2026

MAIDEN INDICATED GOLD RESOURCE AT GIMLET: 62% NOW IN INDICATED CATEGORY

HIGHLIGHTS

• Updated JORC Mineral Resource Estimate (“MRE”) for the Gimlet Project of 1.58 Mt @ 2.22 g/t Au for 112,900 oz (0.5 g/t Au cut-off)

• 62% of the Resource now classified as Indicated (1.0 Mt @ 2.12 g/t Au for 70,400 oz), up from 100% Inferred previously

• Upgrade driven by recent infill RC drilling (2025–2026), improving geological confidence and continuity

• Recent drilling highlights include:

• 5m @ 16.68 g/t Au (25GRC010)

• 12m @ 9.77 g/t Au (25GRC043)

• 14m @ 5.57 g/t Au (25GRC016)

• 4m @ 7.70 g/t Au (25GRC026)

• Results confirm high-grade zones and strong continuity within the Gimlet mineralised system

• Upgrade to Indicated Resource unlocks a clear pathway to development , positioning the Gimlet Project for potential near-term mining studies and development assessment

• Located within trucking distance of multiple operating mills , supporting potential low-capex development pathways

• The Company is advancing concept-level studies, including metallurgical, mining, geotechnical and environmental workstreams, while evaluating third-party processing options in the Kalgoorlie region

First Au Limited (ASX: FAU) (“First Au”, “FAU” or “the Company”) is pleased to announce an updated JORC Mineral Resource Estimate for its 100%-owned Gimlet Gold Project, located 15 km northwest of Kalgoorlie in Western Australia (Figure 1). The updated Mineral Resource totals 1.58 Mt @ 2.22 g/t Au for 112,900 ounces at a 0.5 g/t Au cut-off grade (Table 1). Importantly, 62% of the resource has now been classified as Indicated , representing a substantial increase in confidence compared to the previous Mineral Resource estimate (refer ASX announcement dated 23 June 2021), which was entirely classified as Inferred.

This upgrade follows recent infill RC drilling, which has increased confidence in the existing MRE. This infill drilling was completed on Mining Lease M26/849 (refer ASX announcement dated 2 February 2026) and has improved geological continuity and resource definition, and provides a strong foundation for advancing the Project toward development studies.

Executive Chairman Daniel Raihani commented:

“The updated Mineral Resource at Gimlet represents an important step forward for First Au, with a substantial portion of the resource now upgraded to the Indicated category following recent drilling. Gimlet is a high-quality asset in the Eastern Goldfields, well located near existing infrastructure and with access to multiple processing options, which places us in a strong position as we begin to consider development pathways.

“Encouragingly, the recent drilling has confirmed both strong grade continuity and the presence of high-grade zones, which gives us increased confidence in the overall resource and supports progression to the next stage of evaluation.

“Our focus now shifts to advancing technical studies and evaluating development pathways, including third-party processing options, with a clear objective of defining a commercially viable development pathway for Gimlet.”

First Au Limited ACN 000 332 918

Registered Office: Level 1 / 123 Whitehorse Road, Balwyn Vic. 3103 Australia. Telephone 03 9817 0700 Facsimile 03 9817 0799 Website: www.firstau.com Email: info@firstau.com

First Au Limited (ASX: FAU)

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NEXT STEPS

The updated Mineral Resource provides a strong foundation for advancing the Gimlet Project toward development.

• Advance scoping-level technical studies , including metallurgical, mining and geotechnical studies

• Commencement of environmental baseline work to support future development activities

• Assessment of development and processing pathways , including third-party processing options in the Kalgoorlie region

• Ongoing work programs aimed at advancing Gimlet toward potential development and generating further news flow

ABOUT GIMLET PROJECT

First AU’s 100% owned Gimlet Project is located 15 km northwest of Kalgoorlie, Western Australia. The project area covers 10 km[2 ] across granted tenements M26/849 and E26/174. It is close to existing infrastructure and within trucking distance of five gold mills within the Kalgoorlie area, with several offering toll treatment of ore to third parties (Figure 1).

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Figure 1. Gimlet Gold Project location map

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The MRE has been independently prepared by Perth-based consultants at Widenbar and Associates Pty Ltd (“Widenbar”). Based on the estimate provided by Widenbar using a 0.5 g/t Au cut-off grade, the Gimlet total resource currently contains 1.6 Mt @ 2.22 g/t Au for 112,900 ounces (Table 1 below). This is the Maiden Indicated Resource Estimate for the Gimlet deposit, with 62% of total resources currently classified as Indicated (Figure 2 – 5).

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Figure 2. Gimlet 2026 Mineral Resource Location Map

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Figure 3. Gimlet 2026 Mineral Resource

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Figure 4. Gimlet 2026 Mineral Resource Cross Section

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Figure 5. Gimlet 2026 Mineral Resource Long Section View

Summary of Resource Parameters

The information in this report that relates to Mineral Resources is based on information compiled by Mr Lynn Widenbar, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Widenbar is a full-time employee of Widenbar and Associates Pty Ltd (“Widenbar”). A summary of JORC Table 1 is provided in Appendix 3 for compliance regarding the MRE reporting in accordance with the requirements of ASX Listing Rule 5.8.1.

Mineral Resource Estimate

Based on the estimate provided by Widenbar using a 0.5 g/t Au cut-off grade, the total Gimlet resource currently contains 1.6 Mt @ 2.22 g/t Au for 112,871 oz (Table 1). This is the Maiden Indicated Resource Estimate for the Gimlet deposit, with 62% of total resources currently classified as Indicated.

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Table 1. Gimlet April 2026 Updated JORC Mineral Resource Estimate

Gimlet 2026 Mineral Resource Estimate	Gimlet 2026 Mineral Resource Estimate	Gimlet 2026 Mineral Resource Estimate	Gimlet 2026 Mineral Resource Estimate	Gimlet 2026 Mineral Resource Estimate
Class	Au cut-off (g/t)	Tonnes (Kt)	Au (g/t)	Au Ounces
Indicated	0.5	1,034	2.12	70,400
Inferred	0.5	549	2.41	42,500
Total	0.5	1,583	2.22	112,900

The updated Mineral Resource reflects a reduction in total ounces compared to the previous estimate, primarily due to updated geological constraints and classification criteria, resulting in a higherconfidence resource base with 62% now classified as Indicated (refer to ASX announcement dated 23 June 2021).

Project Geology

The Gimlet project area is dominated by metamorphosed felsic and intermediate volcanic rocks of the Black Flag Group of the Kalgoorlie Terrane, Yilgran Craton. The Archean geology is overlain by Cainozoic sediments, including some areas covered by salt lakes, which have inhibited the effectiveness of some of the historic exploration.

Mineralisation is interpreted to be related to a NNW-SSE near-vertical structure observed in the magnetic imagery and the geological logging of the drilling. Three styles of mineralisation are recognised at Gimlet: 1) a supergene blanket within the saprolitic clays, 2) a supergene-enriched shear zone at the oxide/fresh transition zone and 3) sheared felsic to intermediate volcanic and volcanicderived sedimentary fresh rock, containing lenses of disseminated and stringer sulphides with quartz vein material.

Pyrite appears to be the dominant sulphide phase, while arsenopyrite, sphalerite and galena have also been identified in the logging. In several cases, the mineralised structures are bifurcated and can appear as several lodes. The fresh mineralised zone often shows a broader halo of disseminated pyrite with associated sericite and carbonate-quartz veining, containing lower-grade mineralisation

Drilling and Sampling

The updated MRE is comprised of First AU drilling from 2018 to 2025 and excludes any historic drill holes. First AU has completed multiple drill programs since mineralisation was first discovered in air core (AC) drilling, announced on the 8 November 2018. Full details of the drilling and sampling techniques employed are listed in the JORC Table 1 (Appendix 1).

A total of 115 holes, 14,744.5 m have been included in the MRE (Table 2 below). The majority of the drilling is Reverse Circulation (RC) or diamond (DD), with one RC hole with a diamond tail. Air core drill holes have been used to guide geological interpretation, but were not used in the estimation process.

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Table 2. First AU drillholes used to support the 2026 Updated MRE

Hole Type	N# Holes	Total Metres
RC	107	12,935
RCDD	1	204.1
DD	7	1,605.4
Total	115	14,744.5

Air core drilling was completed with a face-sampling bit and drilled to blade refusal. RC drilling was completed using a 115 mm hammer face bit. Diamond drilling was completed with a HQ core diameter.

One metre RC samples were collected through a cyclone on the rig and stored individually in standard sample bags. Four metre composite samples were collected by spear method from 1 m intervals targeting a sample weight of 2-3 kg. Intervals which returned values greater than 0.2 g/t Au or below 36 m depth for RC holes had 1 m splits submitted for assay. For RC holes, the 1 m samples collected directly from the rig cone splitter were submitted. Diamond core samples consisted of quarter core (QC) of intervals ranging from 0.2 m to 1 m, depending on geological boundaries.

All samples were assayed using a 50 g charge lead collection Fire Assay with atomic absorption spectrometry (AAS) finish by ALS Kalgoorlie or Nagrom in Perth.

The entire length of all holes was geologically logged, with RC chips logged at 1 m intervals and DD holes logged to geological boundaries.

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Collar Location and Survey

Collars from 2025 drilling campaigns were recorded by a qualified surveyor in MGA94 Z51 with Topcon Hiper VR, RTK GPS units. Locations were also cross-checked with a handheld GPS. RC and DD holes completed between 2018 and 2021 had collar locations surveyed using a Leica Captivate RTK GPS (Base@SSM Kalgoorlie 107). Air core collar locations were surveyed by handheld GPS in MGA94 Zone 51. Reverse Circulation and DD holes were oriented by the drill contractor using the Reflex TN14 Gyrocompass tool. Single-shot downhole surveys were completed for RC and DD holes, and most DD holes also had downhole surveys completed with a north-seeking gyro tool. The surveys produced magnetic azimuth and dip of the drill hole at least every 30 metres downhole. The majority of the drilling was angled and drilled in an easterly direction.

Quality Assurance and Quality Control

Reviews of Quality Assurance and Quality Control (QAQC) practices have been undertaken as part of the 2026 and 2021 MRE process by Widenbar and BMGS, respectively. The QAQC processes employed to monitor the sampling and assaying included:

• Collection of 4 m composites using a PVC spear and 1 m samples through a rig-mounted cone splitter

• The inspection of drill samples to check recovery, moisture and contamination

• The assaying of samples using the fire assay method

• The inclusion of certified reference standards (standards) for a range of gold grades to test the accuracy of the laboratory.

• The inclusion of coarse and fine blanks to test for contamination at the sample preparation stage and the assaying stage

• The collection of field duplicate samples by collecting two samples at the same time from the cone splitter to test the repeatability of the samples.

Previous QAQC reports have been reviewed by Widenbar and are considered to be in line with industry standards. Widenbar considers the database sufficient to be used in resource estimation and classified in accordance with the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (“ JORC Code ”).

Data Preparation and Database

All drillhole data were validated prior to the estimation process. Validation checks included:

• Checks for duplicate collars

• Checks for missing samples

• Checks for downhole from-to interval consistency

• Checks for overlapping samples

• Checks for samples beyond hole depth

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Geological Modelling

Geologically guided implicit modelling techniques in Micromine 2026.3 software were used to generate sets of sub-vertical and horizontal mineralisation wireframes. Reverse circulation, DD and AC drilling data has been used to inform the wireframes as well as geophysical data to interpret large scale faults truncating the deposit. The AC data was not used in the grade interpolation. Mineralisation domains were created using a lower cut-off of 0.3 g/t gold

A topographic surface DTM and weathering surfaces (Base of Oxidation and Top of Fresh) were based on surfaces generated for previous resource models in 2021 and 2025. These have been reviewed by Widenbar and are considered suitable for the current resource estimation.

Estimation Methodology

Original assay intervals were composited to one metre to provide consistent data for statistical and geostatistical analysis. Probability plots were used to confirm that domaining produced consistent data sets, shown in Figures 6 and 7 below.

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Figure 6. Au Log Probability Plot of Vertical Lodes

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Figure 7. Au Log Probability Plot of Supergene Lodes

A top cut analysis was carried out for each mineralised domain. And the following top cuts were applied:

• Supergene lodes 10 g/t

• • Vertical lodes 40 g/t

Details of the top cuts are presented below in Tables 3 and 4.

Table 3. Vertical Lode Top Cuts

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Table 4. Supergene Lode Top Cuts

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Bulk densities were adopted from the 2021 BMGS resource model, shown below in Table 5; these have been reviewed by Widenbar and are considered appropriate for this type of mineralisation.

Table 5. Gimlet Density values used for resource estimation

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An “empty” rock model was created using the topographic and weathering surfaces as constraints. Sub-cells to a minimum of 1.25 m by 1.25 m by 1.25 m were used to follow geological boundaries. Mineralisation wireframes were also overlaid on this model. Resource model interpolation was carried out using the Ordinary Kriging functionality in Micromine 2026.3.

Visual inspection on sections of drill hole versus block model grades confirms that Au values in the block model correspond well to Au in drill holes. An overview and detailed example is shown in Figure 8 below.

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Figure 8. Typical Ordinary Kriging Model Grade vs Drill Hole Assay Values

Resource Classification

The Mineral Resource has been classified in the Indicated and Inferred categories, in accordance with the JORC Code. A range of criteria has been considered in determining this classification, including:

• Geological continuity

• Data Quality

• Drillhole spacing

• Modelling techniques

• Estimation properties including search strategy, number of informing data and average distance of data from blocks.

The resource classification methodology incorporated a number of parameters derived from the kriging algorithms in combination with drill hole spacing and continuity and size of mineralised domains. Drill hole location plots have been used to ensure that local drill spacing conforms to the minimum expected for the resource classification. Indicated material is confined to areas where resource definition drilling is 25m by 25m or less. Material outside this area is classified as Inferred.

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ENDS

This announcement was approved for release by First Au Limited’s Board.

For more information, please visit www.firstau.com.

Enquiries in relation to this announcement, please contact:

First AU Limited (ASX:FAU)

Daniel Raihani Executive Chairman Phone +61 410 777 777 draihani@firstau.com

Investor relations – Corporate Storytime

Lucas Robinson Paul Berson Phone +61 408 228 889 Phone +61 421 647 445 lucas@corporatestorytime.com paul@corporatestorytime.com

ABOUT THE GIMLET PROJECT

The Gimlet Gold Project lies approximately 15 km NW of Kalgoorlie and consists of two adjoining licenses: E26/174 [4.37 km²] and ML26/849 [5.21 km²] of highly prospective tenure within the worldrenowned Eastern Goldfields. The area is well supported by infrastructure and potential toll treatment options. The Project contains an Indicated and Inferred resource of 112,871 oz’s Au @ 2.22 g/t Au (As described in this ASX Release)

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COMPETENT PERSON’S STATEMENT

The information in this announcement relating to the Exploration data and Geological Interpretation is based on and fairly represents work conducted by Mr Manohar Ghorpade , Chief Geologist at First Au. Mr Ghorpade is a Member of the Australian Institute of Mining and Metallurgy and is a Competent Person as defined by the JORC Code. Mr Ghorpade has a minimum of five years relevant experience in the style of mineralisation and type of deposit under consideration and in the activity for which he is accepting responsibility. Mr Ghorpade consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Mineral Resources is based on information compiled by Mr Lynn Widenbar, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Widenbar is a full-time employee of Widenbar and Associates Pty Ltd. Mr Widenbar has a minimum of five years relevant experience in the style of mineralisation and type of deposit under consideration and in the activity for which he is accepting responsibility, and is qualified to act as a Competent Person as defined in the JORC Code. Mr Widenbar consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

PREVIOUSLY REPORTED EXPLORATION RESULTS

The information in this announcement relating to previously reported exploration results were reported in FAU announcements as specified throughout this announcement. FAU announcements are available on the ASX platform. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcement.

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Appendix 1 :

Gimlet Gold Project –2026 Mineral Resource Estimate Drill Hole used in the domain.

Gimlet 2026 Mineral Resource Estimate Drill Hole I	Gimlet 2026 Mineral Resource Estimate Drill Hole I	Gimlet 2026 Mineral Resource Estimate Drill Hole I	Gimlet 2026 Mineral Resource Estimate Drill Hole I	Gimlet 2026 Mineral Resource Estimate Drill Hole I	nformation	nformation
Hole ID	Easting	Northing	RL	Depth	Azimuth	Dip
18GAC010	344352.6	6604419.3	347.17	54	65	-60
18GAC012	344341.35	6604668.4	348.46	76	245	-60
18GAC056	344448.44	6604332.2	347.05	55	65	-60
18GAC063	344369.85	6604430.3	347.15	60	65	-60
18GAC084	344282.22	6604653.1	348.14	84	65	-60
18GAC098	344398.15	6604310.8	346.89	74	65	-60
18GRC002	344269.55	6604621.4	348.13	158	68.96	-62.55
18GRC006	344354.26	6604442.6	347.23	150	68.82	-62.81
18GRC007	344319.77	6604425.2	347.15	224	61.62	-46.42
18GRC008	344429.7	6604474.6	347.32	150	243.01	-58.31
18GRC011	344439.43	6604259.9	347.18	188	65.19	-67.86
18GRC016	344262.43	6604577.5	347.87	140	70.73	-58.71
18GRC017	344284.82	6604539.7	347.77	150	65.31	-53.53
18GRC018	344300.77	6604505.1	347.53	150	69.56	-58.01
18GRC019	344318.56	6604469.6	347.37	164	67.77	-58.96
18GRC020	344352.93	6604395.5	346.98	182	68.59	-55.84
18GRC021	344368.12	6604357.1	346.85	212	68.76	-55.83
18GRC022	344413.13	6604334.2	346.92	150	71.27	-59.44
18GRC023	344429.61	6604300.2	347	150	70.26	-61.64
19GDD001	344336.58	6604589.1	348.06	131	245.77	-70.27
19GDD002	344331.67	6604452.3	347.27	131	65.79	-62.58
19GDD003	344219.09	6604471.5	347.26	216	54.13	-49.84
19GDD004	344286.37	6604377	346.94	260	51.91	-52.69
19GRC005	344254	6604702.8	347.81	98	64.57	-53.2
19GRC007	344289.69	6604674.7	348.18	78	60.07	-54.75
19GRC008	344270.59	6604665.6	348.11	93	62.07	-52.8
19GRC011	344251.3	6604615.9	348	152	68.59	-55.99
19GRC012	344287.76	6604585.9	347.99	89	68.86	-63.86
19GRC013	344250.73	6604571.3	347.91	139	68.25	-58.81
19GRC015	344267.66	6604533.8	347.69	134	63.35	-52.11

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Gimlet 2026 Mineral Resource Estimate Drill Hole	Gimlet 2026 Mineral Resource Estimate Drill Hole	Gimlet 2026 Mineral Resource Estimate Drill Hole	Gimlet 2026 Mineral Resource Estimate Drill Hole	Gimlet 2026 Mineral Resource Estimate Drill Hole	Information	Information
Hole ID	Easting	Northing	RL	Depth	Azimuth	Dip
19GRC017	344283.98	6604499	347.44	158	61.84	-53.45
19GRC018	344335.84	6604476.1	347.28	83	69.93	-53.9
19GRC019	344301.13	6604459.9	347.15	159	60.29	-34.04
19GRC022	344389.56	6604411.7	347.16	84	71.17	-56.47
19GRC023	344371.23	6604404	347.02	124	66.79	-56.73
19GRC024	344406.2	6604375.1	347.01	79	69.02	-61.11
19GRC025	344385.84	6604365.5	346.9	129	65.44	-57.24
19GRC027	344432.83	6604343.3	346.95	89	68.17	-59.59
19GRC029	344449.72	6604308.6	347.09	94	66.32	-58.52
19GRC030	344240.4	6604519.2	347.56	219	57.88	-52.4
19GRCD031	344218.33	6604598	347.99	201	65.7	-54.8
20GDD001	344275.31	6604443.8	347.13	229	68.11	-57.89
20GDD002	344271.9	6604356.4	346.86	330	65.9	-56.9
20GDD003	344338.99	6604398.1	347.01	186	63.5	-56.48
20GRC002	344242.76	6604479.9	347.25	220	59.1	-50.22

Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information
Hole ID	Easting	Northing	RL	Depth	Azimuth	Dip
20GRC004	344329.39	6604386.2	346.96	232	62.99	-45.52
20GRC010	344409.58	6604304.7	346.93	176	71.72	-31.97
20GRC011	344391.26	6604319.6	346.88	176	69.98	-27.71
20GRC012	344300.68	6604445.6	347.11	200	75.16	-29.08
20GRC013	344257.36	6604487.6	347.28	194	61.37	-45.6
20GRC014	344296.01	6604545.1	347.76	86	69.71	-57.08
20GRC015	344277.42	6604537.2	347.73	110	66.25	-47.4
20GRC016	344254.52	6604526.6	347.63	69	64.9	-57.1
20GRC017	344349.38	6604309.6	346.75	219	64.68	-23.9
25GRC002	344424.87	6604358.4	346.99	61	67.77	-62.07
25GRC003	344408.09	6604353.5	346.95	96	63.5	-57.05
25GRC006	344415.46	6604375.8	347.03	61	65.62	-62.89
25GRC007	344394.99	6604367.3	346.94	101	67.04	-57.75
25GRC010	344402.57	6604391.6	347.07	56	69.09	-58.37
25GRC011	344389.22	6604386.3	347	86	66.47	-49.99

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Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information	Gimlet 2026 Mineral Resource Estimate Drill Hole Information
Hole ID	Easting	Northing	RL	Depth	Azimuth	Dip
25GRC012	344375.01	6604380.4	346.95	111	65.03	-50.96
25GRC013	344363.07	6604375.6	346.92	121	66.74	-44.89
25GRC014	344398.89	6604412.3	347.15	51	67.4	-59.02
25GRC015	344377.28	6604403.4	347.05	86	69.04	-49.45
25GRC016	344362.36	6604396.9	346.99	121	63.46	-50.18
25GRC017	344375.59	6604425.5	347.15	51	66.98	-58.21
25GRC018	344368.84	6604422.5	347.12	91	64.62	-55.88
25GRC019	344358.98	6604418.2	347.14	106	67.2	-50.48
25GRC020	344348.76	6604413.8	347.14	91	67.33	-49.06
25GRC021	344364.76	6604442.9	347.21	61	67.33	-56.59
25GRC022	344340.46	6604433.4	347.2	111	62.93	-42.7
25GRC023	344327.63	6604427.9	347.17	156	63.1	-33.95
25GRC024	344356.56	6604460.4	347.24	51	69.11	-61.97
25GRC025	344342.19	6604455.9	347.26	101	64	-51.66
25GRC026	344346.26	6604476.8	347.29	56	66.46	-58.55
25GRC027	344325.17	6604468.6	347.33	111	65.73	-49.23
25GRC028	344308.45	6604461.5	347.21	106	63.44	-43.39
25GRC030	344328.34	6604492.1	347.35	76	66.43	-56.13
25GRC031	344313.77	6604486.8	347.42	101	65.49	-51.66
25GRC032	344300.27	6604481.3	347.32	116	65.07	-47.45
25GRC034	344310.52	6604507.4	347.48	101	71.32	-53.24
25GRC035	344290.79	6604500	347.46	126	64.42	-47.73
25GRC036	344297.5	6604522.4	347.57	106	63.7	-48.33
25GRC037	344286.91	6604518.5	347.56	121	66.49	-42.42
25GRC038	344294.9	6604566.2	347.86	61	68.16	-60.88
25GRC039	344277.75	6604558.6	347.83	111	65.61	-48.21
25GRC040	344264.12	6604552.6	347.77	121	64.16	-50.68
25GRC042	344269.89	6604577.5	347.89	86	63.44	-52.12
25GRC043	344284.79	6604602.3	348.05	81	68.51	-67.6
25GRC044	344272.1	6604600.7	348.02	96	68.01	-60.65

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Appendix 2 .

Gimlet Gold Project – Drill hole sample assay results for all intervals with greater than 0.5 grams/tonne.

Hole_ID	From	To	Thickness	Au Grade g/t
18GAC010	48	52	4	1.60
18GAC056	48	53	5	1.06
18GAC063	40	60	20	7.45
18GAC084	52	60	8	4.01
18GAC098	56	60	4	1.82
18GRC002	64	79	15	3.35
18GRC006	43	52	9	3.48
18GRC007	138	141	3	1.50
18GRC007	145	152	7	5.06
18GRC007	157	159	2	5.80
18GRC008	99	110	11	2.88
18GRC008	124	127	3	3.17
18GRC016	67	80	13	7.96
18GRC017	48	84	36	2.56
18GRC018	53	55	2	0.81
18GRC018	72	76	4	2.99
18GRC019	63	68	5	7.84
18GRC019	83	100	17	1.01
18GRC020	109	116	7	2.43
18GRC021	145	149	4	2.81
18GRC022	100	112	12	1.31
18GRC023	110	116	6	0.81
19GDD001	91.8	125.8	34	4.67
19GDD002	87.1	100.1	13	1.60
19GDD002	106.1	112.1	6	3.18
19GDD003	209	213	4	3.32
19GDD004	223	239	16	3.07
19GDD004	251	254	3	1.56
19GRC005	48	51	3	3.98
19GRC011	98	102	4	2.89

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Hole_ID	From	To	Thickness	Au Grade g/t
19GRC013	93	108	15	7.20
19GRC015	42	44	2	2.44
19GRC015	90	116	26	3.05
19GRC017	114	116	2	6.19
19GRC017	123	127	4	4.30
19GRC018	39	50	11	1.36
19GRC019	89	94	5	3.92
19GRC019	111	113	2	2.72
19GRC022	38	53	15	1.42
19GRC022	57	59	2	1.03
19GRC023	62	89	27	0.92

Hole_ID	From	To	Thickness	Au Grade g/t
19GRC024 19GRC024 19GRC025 19GRC027 19GRC027 19GRC027 19GRC029 19GRC030 20GDD001 20GDD001 20GDD003 20GDD003 20GRC002 20GRC004 20GRC011 20GRC012 20GRC013 20GRC014 20GRC014	56	59	3	1.65
	63	69	6	2.72
	99 45	110 48	11 3	3.99 1.62
	53	56	3	1.74
	60	64	4	1.12
	53	69	16	1.23
	157	172	15	6.18
	191	200	9	1.40
	209	221	12	0.99
	125	129	4	1.97
	144	148	4	1.10
	193	206	13	2.69
	148	155	7	2.93
	67	69	2	3.03
	145	156	11	3.81
	170	187	17	3.79
	45	48	3	2.99
	52	66	14	1.41

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Hole_ID	From	To	Thickness	Au Grade g/t
20GRC015	46	48	2	1.52
20GRC015	71	93	22	3.40
20GRC017	142	144	2	2.73
25GRC002	47	61	14	3.28
25GRC003	87	90	3	3.68
25GRC006	47	53	6	1.62
25GRC007	95	101	6	2.69
25GRC010	44	49	5	16.68
25GRC011	34	36	2	2.62
25GRC011	64	71	7	1.98
25GRC012	92	101	9	1.16
25GRC013	103	106	3	1.34
25GRC013	110	118	8	1.82
25GRC014	33	47	14	3.30
25GRC015	35	40	5	1.63
25GRC015	56	70	14	2.81
25GRC016	88	102	14	5.57
25GRC017	42	51	9	2.17
25GRC018	41	46	5	0.99
25GRC018	49	56	7	0.97
25GRC018	60	68	8	7.19
25GRC019	77	84	7	1.79
25GRC021	44	47	3	2.62
25GRC022	51	55	4	1.20
25GRC022	72	92	20	3.07
25GRC023	98	105	7	2.02
25GRC024	42	47	5	3.10

Hole_ID	From	To	Thickness	Au Grade g/t
25GRC025	42	48	6	1.12
25GRC025	58	65	7	3.55
25GRC025	71	73	2	1.26
25GRC026	43	47	4	7.70

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Hole_ID	From	To	Thickness	Au Grade g/t
25GRC027 25GRC028	56 84	58 88	2 4	3.33 0.91
25GRC028	102	106	4	1.10
25GRC030	42	45	3	2.06
25GRC031	46	55	9	1.40
25GRC032	73	81	8	3.08
25GRC032	87	95	8	3.11
25GRC032	99	101	2	0.85
25GRC034	44	58	14	0.94
25GRC035	70	78	8	0.98
25GRC035	82	92	10	1.82
25GRC035	97	107	10	1.00
25GRC036	48	61	13	1.55
25GRC037	63	66	3	0.95
25GRC037	70	87	17	1.34
25GRC038	59	61	2	1.12
25GRC039	63	81	18	2.38
25GRC040	97	114	17	2.73
25GRC042	58	79	21	2.16
25GRC043	16	20	4	3.08
25GRC043	64	76	12	9.77
25GRC044	16	20	4	1.06

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Appendix 3: JORC Code, 2012 Edition – Table

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria		JORC Code explanation		Commentary
Sampling	•	Nature and quality of sampling (eg cut	2025 First Au / Newcam Minerals
techniques		channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down	•	1 m RC samples were taken using a face hammer with sample material collected into bags under a cone splitter
		hole gamma sondes, or handheld XRF	•	4 m composite RC samples were collected via
		instruments, etc). These examples should		scoop from sample bags.
		not be taken as limiting the broad meaning of sampling.	•	Composites which returned gold values greater than 0.2 g/t Au had corresponding 1 m
	•	Include reference to measures taken to		split samples (collected directly from the rig)
		ensure sample representivity and the		submitted to the lab for further analysis
		appropriate calibration of any measurement tools or systems used.	•	Samples were assayed at Nagrom laboratory
	•	Aspects of the determination of mineralisation that are Material to the Public Report.	•	Sample preparation included weighing, crushing, pulverisation. A 50 g charge was analysed by fire assay
	•	In cases where ‘industry standard’ work	2018-2020 First Au
		has been done this would be relatively	•	Aircore (AC) samples were collected through
		simple (eg ‘reverse circulation drilling was		a cyclone and stored individually in standard
		used to obtain 1 m samples from which 3		plastic bags. Four metre composite samples
		kg was pulverised to produce a 30 g charge		were collected by spear method. Selected
		for fire assay’). In other cases more		intervals were then re-sampled as 1 m splits,
		explanation may be required, such as		collected using a 3-staged ripple splitter to
		where there is coarse gold that has		yield a sample of approximately 2-3 kg.
		inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.	•	RC samples were collected through a cyclone and stored individually in standard retention bags. Four metre composite samples and 1 m re-split samples were collected as per the
				methods described for 2025 drilling. For 2019
				RC sampling, compositing was only
				undertaken for the first 32 m drilled, intervals
				below 32 m depth were assayed as 1 m
				samples collected in calico bags taken directly
				from the cone splitter attached to the rig.
				Sample size of approximately 2-3 kg was
				collected for each composite and split.
				Diamond (DD) HQ diameter core was
				collected into standard plastic core trays by
				the drilling contractors. Downhole depths
				were determined and then marked on
				wooden blocks.
			•	DD sample intervals ranged from 0.2 – 1 m
				based on geological boundaries. Core was
				split usinga diamond bladed saw into half,

23

Criteria	JORC Code explanation		Commentary
			and then one of the pieces cut into ¼ for
			assay, with the remaining ¾ retained in the
			core tray for reference and future
			metallurgical studies
		•	All samples were analysed at ALS. Samples
			were dried, pulverised to 90% passing -75 µm
			to produce a 50 g charge for Fire Assay with
			AAS finish. High grade samples (> 100 g/t Au)
			were measured by gravimetric finish (ALS
			code AU-GRA-22)
Drilling	• Drill type (eg core, reverse circulation,	2025 First Au / Newcam Minerals
techniques	open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other	•	RC drilling was completed by VM Drilling using a 115 mm hammer face bit. Forty eight holes totalling 4,119 m was completed
	type, whether core is oriented and if so, by	2018-2020 First Au
	what method, etc).	•	AC drilling was completed by Kalgoorlie based
			Top Drill. holes were drilled using a face-
			sampling bit and drilled to blade refusal. Two
			holes were then extended using a hammer
			configuration. A total of 188 holes for 13,209
			m were drilled between 2018 and 2020
		•	RC drilling was undertaken by Kalgoorlie
			based Challenge Drilling (2018) and VM
			Drilling (2020). A total of 61 RC holes totalling
			8,666 m were drilled between 2018 and 2020.
		•	Diamond drilling was completed by Kalgoorlie
			based Terra Drilling between late 2018 and
			2020, with 11 holes totalling 2,514 m
			completed.
		•	Diamond core was oriented by the drill
			contractor usingan ACE tool.
Drill sample	• Method of recording and assessing core	2025 First Au / Newcam Minerals
recovery	and chip sample recoveries and results assessed.	•	RC samples were weighed at the laboratory to monitor sample recoveries
	• Measures taken to maximise sample recovery and ensure representative nature of the samples.	•	There is no known relationship between sample recovery and grade
	• Whether a relationship exists between	2018-2020 First Au
	sample recovery and grade and whether	•	The majority of AC samples were dry (>93%).
	sample bias may have occurred due to		Ground water ingress occurred in some holes
	preferential loss/gain of fine/coarse		at rod change, especially those when a
	material.		hammer configuration was used. Typically
			drilling operators ensured water was lifted
			from the face of the hole at each rod change
			to ensure water did not interfere with drilling
			and ensure samples were collected dry.

24

Criteria		JORC Code explanation		Commentary
			•	AC sample recoveries were visually
				estimated.
			•	AC face-sample bits and dust suppression
				were used to minimise sample loss.
			•	RC recovery and metreage were assessed by
				visually assessing volumes of individual bags.
			•	Most RC samples were dry. Ground water
				ingress occurred in some RC holes and was
				noted, particularly at depth. A suitable RC rig
				with an auxiliary compressor was used to
				ensure that in most cases groundwater
				interference was kept to a minimum. A
				cyclone and cone splitter at the rig were
				regularly cleaned during drilling
			•	Recovery was typically good for both AC and
				RC samples, with most samples estimated to
				have full recovery. Some same loss was
				recorded at the collar of some holes, and
				when samples were wet Field geologists
				supervised all drilling and monitored sample
				quality.Diamond core sample recovery was
				measured and calculated during the logging
				proves, using standard RQD logging
				procedures. Recovery was typically good
				(>90%), particularly within the mineralised
				interval
Logging	•	Whether core and chip samples have been	2025 First Au / Newcam Minerals
		geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.	•	RC chips were collected and logged on a 1 m basis, prepared by conducting both wet and dry sieving
	•	Whether logging is qualitative or quantitative in nature. Core (or costean,	•	Logging was completed in accordance with the Newcam geological logging code
		channel, etc) photography.	•	Logging was both qualitative and quantitative
	•	The total length and percentage of the		in nature.
		relevant intersections logged.	•	Qualitative: colour, grain size, lithology,
				oxidation, alteration, mineralogy, structure,
				texture, vein style, vein assemblage
			•	Quantitative: estimates of quartz veining,
				sulphide and alteration percentages
			•	The entire length (3,759m) of all drill holes was
				geologically logged.
			•	The level of logging detail is considered
				appropriate to support Mineral Resource
				estimation
			2018-2020 First Au

25

Criteria	JORC Code explanation	Commentary
		• All AC and RC chips were wet-sieved and
		stored in a chip tray for logging.
		• AC and RC holes were logged in full by BM
		Geological Services geologists using the First
		Au logging legend and protocols.
		• Logging recorded qualitative data including
		lithology, mineralogy, mineralisation,
		weathering, colour and other features of the
		samples.
		• Structural logging of diamond core was
		undertaken by John Standing of Model Earth
		for the 2020 drill program.
		• All holes were logged in full (total length
		[3,759]m)
		• Logging information was transferred into the
		company database once complete
		• Diamond core was photographed wet and dry
Sub-sampling	• If core, whether cut or sawn and whether	2025 First Au / Newcam Minerals
techniques and sample preparation	quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet	• RC samples were submitted as either individual 1 m samples taken onsite from the cone splitter or as 4 m composite samples
	or dry.	scooped from the onsite drill samples
	• For all sample types, the nature, quality	• Composite samples with > 0.2 g/t Au assay
	and appropriateness of the sample	results, or where otherwise noted as
	preparation technique.	anomalous had 1 m sample splits dispatched
	• Quality control procedures adopted for all sub-sampling stages to maximise	to the lab, with 1 m sample results overriding composite results in the database.
	representivity of samples.	• Field duplicates, blanks and standards were
	• Measures taken to ensure that the sampling is representative of the in situ	submitted approximately every 20 samples for quality assurance and quality control (QAQC)
	material collected, including for instance	• Repeat assays were undertaken on pulp
	results for field duplicate/second-half	samples at the discretion of the laboratory
	sampling.	• Sample sizes are considered appropriate to the
	• Whether sample sizes are appropriate to	grain size of the material being sampled.
	the grain size of the material being sampled.	2018-2020 First Au
		• AC samples were collected below a rig-
		mounted cyclone and captured in standard
		plastic bags.
		• AC and RC composite sampling employed the
		spear method to collect a representative
		portion of sample material from each 1 m
		interval to make up the 4 m composite.
		• AC 1 m splits were collected byrunningthe 1

26

Criteria	JORC Code explanation		Commentary
			m sample in the plastic bag through a 3-stage
			ripple splitter to get a representative sample
		•	RC 1 m samples were derived from a cone
			splitter attached to the rig, with sample
			material deposited into a numbered calico bag
		•	Sample sizes of 4 m composites and 1 m re-
			splits are considered appropriate to give an
			indication of mineralisation given the particle
			size and the preference to keep the sample
			weight at a targeted 2-3 kg mass.
		•	Diamond ¼ core samples were collected by
			BMGS staff into calico bags.
		•	Diamond core field duplicates were not taken.
		•	HQ ¼ core intervals are considered
			appropriate for the style of mineralisation
		•	Samples were prepared for assay at ALS
			Laboratory in Kalgoorlie. Samples were dried,
			and the whole sample pulverized to 90%
			passing -75 µm and a sub-sample of
			approximately 200 g retained. A nominal 50 g
			charge was submitted for Fire Assay
		•	QAQC checks included a CRM and fine blank
			submitted at a rate of approximately 1 in 20
			samples. ALS QAQC procedures include regular
			repeats and lab checks
		•	Sample sizes are considered appropriate to the
			grain size of the material being sampled.
Quality of	• The nature, quality and appropriateness of	2025 First Au / Newcam Minerals
assay data and laboratory tests	the assaying and laboratory procedures used and whether the technique is considered partial or total.	•	All samples were assayed at Nagrom laboratories by 50 g charge fire assay and AAS finish.
	• For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and	•	Fire assay method is considered appropriate for the style of mineralisation and are industry standard practice.
	model, reading times, calibrations factors	•	QAQC samples were submitted as part of the
	applied and their derivation, etc.		sample batch at a rate of one in 20 for field
	• Nature of quality control procedures adopted (eg standards, blanks, duplicates,		duplicates, and one blank and one standard every 50 samples.
	external laboratory checks) and whether	•	Standards were sourced from a range of CRM
	acceptable levels of accuracy (ie lack of		providers
	bias) and precision have been established.	•	Repeat assays were undertaken on pulp
			samples at the discretion of the laboratory
		2018-2020 First Au

27

Criteria	JORC Code explanation		Commentary
		•	Fire assay method is considered appropriate
			for the style of mineralisation and are
			industry standard practice.
		•	AC and RC programs QAQC measures
			comprised CRM standards, field duplicates
			and a fine blank submitted at a rate of
			approximately 1 in 20 samples.
		•	Diamond QAQC included the use of standards
			and blanks inserted at a rate of approximately
			1 in 20 samples
		•	Laboratory QAQC utilised regular sample
			repeats, blanks and lab check samples.
		•	Results of lab QAQC were analysed on assay
			receipt, all assays passed QAQC protocols and
			indicated no contamination and there was no
			record of errant standards over the multiple
			programs
Verification of	• The verification of significant intersections	2025 First Au / Newcam Minerals
sampling and assaying	by either independent or alternative company personnel.	•	Geological and sampling data were entered directly into a formatted Excel file in the field,
	• The use of twinned holes.		which was then verified
	• Documentation of primary data, data	•	Data was formatted and imported into a
	entry procedures, data verification, data		database, with additional validation processes
	storage (physical and electronic) protocols.		prior to acceptance into the database
	• Discuss any adjustment to assay data.	•	No twin holes were completed
		•	No adjustments were made to assay data.
		•	No verification of significant intersections was
			undertaken
		2018-2020 First Au
		•	All field logging was carried out using a
			customised logging form on a Tough Book and
			transferred into an Access Database. Assay
			files were received electronically from ALS. All
			data is stored in Access database and managed
			by BMGS in Perth and Kalgoorlie
		•	Significant results were checked by First Au
			executives and BMGS senior geologists
		•	No twin hole drilling was undertaken
		•	No adjustments were made to assay data
Location of	• Accuracy and quality of surveys used to	2025 First Au / Newcam Minerals
data points	locate drill holes (collar and down-hole	•	Drill hole collar locations were surveyed bya

28

Criteria	JORC Code explanation	Commentary
	surveys), trenches, mine workings and	qualified surveyor in MGA94 Z51 format via
	other locations used in Mineral Resource	Topcon Hiper VR, RTK GPS units. Locations
	estimation.	were also cross-checked with a handheld GPS
	• Specification of the grid system used.	• RC drill holes were oriented by the drill
	• Quality and adequacy of topographic control.	contractor using a Reflex TN14 Gyrocompass tool
		• RC holes were surveyed at end of hole depth
		only
		• Single shot surveys were completed at 5m
		intervals. With a gyro tool.
		• Topographic control is considered adequate
		2018-2020 First Au
		• AC hole collar locations were surveyed by
		handheld GPS in MGA94 Zone 51
		• RC and DD hole collar locations were surveyed
		by a qualified surveyor using a Leica Captivate
		RTK GPS (Base@SSM Kalgoorlie 107).
		• Downhole surveys of DD holes was completed
		using a gyro-tool for most holes. All holes had
		single shot surveys performed at 30 m
		intervals
		• Topography is adequately defined by collar
		pick-ups of current andprevious drilling
Data spacing	• Data spacing for reporting of Exploration	2025 First Au / Newcam Minerals
and distribution	Results. • Whether the data spacing and distribution	• Exploration results are reported for single holes only
	is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	• Data spacing is variable across the deposit, from ~ 20 m x 40 m for wide spaced exploration drilling, to ~ 15 m x 20 m for infill and resource drilling. Indicated material is confined to areas where resource definition
	• Whether sample compositing has been	drilling is 25m by 25m or less. Material outside
	applied.	this area is classified as Inferred.
		• Drill hole spacing is considered adequate to
		establish geological and grade continuity for
		the Gimlet deposit
		• Drill compositing is length weighted with a 0.5
		g/t lower cut off. No top cut has been applied.
		A maximum 1 m internal dilution has been
		included.
		2018-2020 First Au
		• AC drilling was on average spaced at 40 m
		intervals with some closer, 20 m spacing
		completed.

29

Criteria	JORC Code explanation	Commentary
		• All AC samples collected were 4 m composites,
		or part there-of for an end of hole sample. Re-
		splits of selected intervals were 1 m intervals.
		• RC drill holes were spaced to attain top to tail
		coverage throughout most of each section,
		and were spaced on average 20 m x 40 m
		intervals
		• DD holes were placed to test specific targets
		• DD core samples were typicallyless than 1 m
Orientation of	• Whether the orientation of sampling	• Drill holes have been designed to intercept
data in	achieves unbiased sampling of possible	mineralisation at a low angle
relation to geological structure	structures and the extent to which this is known, considering the deposit type.	• The orientation of the drilling and sampling is considered to suitably capture the likely
	• If the relationship between the drilling	structures for each exploration domain
	orientation and the orientation of key
	mineralised structures is considered to
	have introduced a sampling bias, this
	should be assessed and reported if
	material.
Sample	• The measures taken to ensure sample	2025 First Au / Newcam Minerals
security	security.	• Samples were collected from the field and
		immediately recorded
		• Samples were dispatched to Nagrom by
		Newcam Minerals employees or appropriately
		qualified contractors
		2018-2020 First Au
		• Samples were transported by company
		transport to the ALS laboratoryin Kalgoorlie
Audits or	• The results of any audits or reviews of	• No specific audits or reviews have been
reviews	sampling techniques and data.	undertaken at this stage of theprogram

30

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number, location	• All drilling was completed on tenements
tenement and	and ownership including agreements or	M26/849 and E26/174 which are adjacent to
land tenure	material issues with third parties such as	each other and share a common boundary, of
status	joint ventures, partnerships, overriding	which First Au holds a 100% controlling
	royalties, native title interests, historical	interest.
	sites, wilderness or national park and environmental settings.	• All tenements are in good standing with the WA LGIRS
	• The security of the tenure held at the time
	of reporting along with any known
	impediments to obtaining a licence to
	operate in the area.
• Exploration	• Acknowledgment and appraisal of	• Early exploration work is reported to have
done by	exploration by other parties.	commenced in 1976 and 1985 however no
other parties		useful results of this work exist
		• Previous exploration in the area was
		undertaken by Laconia Resources, Placer
		Dome Asia, DeGrey Mining, Delta Gold,
		Yamarna Goldfields and Intermin Resources
		NL.
		• Exploration activities completed between
		1991 and 2010 include regional geochemical
		sampling, airborne magnetic, gravity and
		radiometric surveys and drilling. A total of
		1,143 AC, RAB, RC and diamond drilling is
		reported over the project area.
		• Drilling, sampling and assay procedures and
		methods stated in the database have been
		confirmed from WAMEX reports and hard
		copy records are considered acceptable and
		to industry standards at the time of drilling
		• There is sufficient understanding of the
		drilling, sampling and assay methodologies
		for the majority of drilling in the Gimlet area,
		which was completed to industry standards at
		the time.
Geology	• Deposit type, geological setting and style	• The geology in the Gimlet project area is
	of mineralisation.	prospective for gold, dominated by
		metamorphosed felsic and intermediate
		volcanic rocks of the Black Flag Group of the
		Kalgoorlie Terrane, Yilgran Craton. The
		Archean geology is overlain by Cainozoic
		sediments, including some areas covered by
		salt lakes, which have inhibited the
		effectiveness of some of the historic

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Criteria	JORC Code explanation	Commentary
		exploration
		• Mineralisation is interpreted to be related to
		a NNW-SSE near-vertical structure observed
		in the magnetic imagery and the geological
		logging of the drilling Mineralisation at Gimlet
		occurs as: A supergene blanket within the
		saprolitic clays
		1. A supergene-enriched shear zone at the
		oxide/fresh transition zone
		2. Sheared felsic to intermediate volcanic
		and volcanic-derived sedimentary fresh
		rock, containing lenses of disseminated
		and stringer sulphides with quartz vein
		material
		• Pyrite appears to be the dominant sulphide
		phase, while arsenopyrite, sphalerite and
		galena have also been identified in the
		logging. In several cases, the mineralised
		structures are bifurcated and can appear as
		several lodes. The fresh mineralised zone
		often shows a broader halo of disseminated
		pyrite with associated sericite and carbonate-
		quartz veining, containing lower grade
		mineralisation
Drill hole	• A summary of all information material to	• Detailed information regarding the drill hole
Information	the understanding of the exploration	information was originally reported by First
	results including a tabulation of the	Au in previous announcements as follows:
	following information for all Material drill holes:	• ASX Release date 8 November 2018
	• easting and northing of the drill hole	• ASX Release date 14 December 2018
	collar	• ASX Release date 18 March 2019
	• elevation or RL (Reduced Level –	• ASX Release date 28 May 2019
	elevation above sea level in metres) of the drill hole collar	• ASX Release date 28 October 2019
	• dip and azimuth of the hole	• ASX Release date 4 March 2020
	• down hole length and interception	• ASX Release date 4 November 2020
	depth	• ASX Release date 29 January 2021
	• hole length.	• ASX Release date 23 June 2021
	• If the exclusion of this information is	• ASX Release date 17 November 2025
	justified on the basis that the information is not Material and this exclusion does not	• ASX Release date 2 February 2026
	detract from the understanding of the
	report, the Competent Person should
	clearly explain why this is the case.

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Criteria	JORC Code explanation	Commentary
Data	• In reporting Exploration Results,	• Mineral intercepts are reported as raw results
aggregation	weighting averaging techniques,	with no top cuts applied
methods	maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.	• Mineral intercepts reported have an Au value greater than 0.5 g/t. Internal dilution is restricted to 1 m or less within intervals
	• Where aggregate intercepts incorporate short lengths of high grade results and	• Metal equivalent calculations are not required as Gimlet is a gold only resource
	longer lengths of low grade results, the
	procedure used for such aggregation
	should be stated and some typical
	examples of such aggregations should be
	shown in detail.
	• The assumptions used for any reporting of
	metal equivalent values should be clearly
	stated.
Relationship	• These relationships are particularly	• Mineral intercepts have been recorded as
between	important in the reporting of Exploration	downhole widths. Multiple different
mineralisation	Results.	orientations are present, with not all visually
widths and intercept lengths	• If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.	identifiable, therefore true width is not known. • The geometry of the mineralisation is typically
	• If it is not known and only the down hole lengths are reported, there should be a	horizontal through the regolith and near- vertical in the fresh zone.
	clear statement to this effect (eg ‘down
	_hole length, true width not known’). _
Diagrams	• Appropriate maps and sections (with	• Maps, sections and collar locations have been
	scales) and tabulations of intercepts	provided in this announcement
	should be included for any significant
	discovery being reported These should
	include, but not be limited to a plan view
	of drill hole collar locations and
	appropriate sectional views.
Balanced	• Where comprehensive reporting of all	• No misleading results have been presented in
reporting	Exploration Results is not practicable,	this announcement
	representative reporting of both low and
	high grades and/or widths should be
	practiced to avoid misleading reporting of
	Exploration Results.
Other	• Other exploration data, if meaningful and	• Geophysical data (airborne magnetic surveys)
substantive	material, should be reported including	has been used to interpret large-scale faults
exploration data	(but not limited to): geological	truncating the deposit and to inform the
	observations; geophysical survey results;	geological wireframe construction.
	geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density,	• There is no other meaningful or material exploration data to report
	groundwater, geotechnical and rock
	characteristics; potential deleterious or

33

Criteria	JORC Code explanation	Commentary
	contaminating substances.
Further work	• The nature and scale of planned further	• Further work includes detailed geological and
	work (eg tests for lateral extensions or	structural interpretation, as well as
	depth extensions or large-scale step-out	metallurgical and density test work and
	drilling).	environmental baseline work.
	• Diagrams clearly highlighting the areas of
	possible extensions, including the main
	geological interpretations and future
	drilling areas, provided this information is
	not commercially sensitive.

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Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to this section.)

Criteria	JORC Code explanation	Commentary
Database	• Measures taken to ensure that data	•Historic database inputs were logged
integrity	has not been corrupted by, for	electronically at the drill site. The collar
	example, transcription or keying errors,	metrics, assay, lithology and down-hole
	between its initial collection and its use	survey interval tables were checked and
	for Mineral Resource estimation	validated by BMGS as part of the 2021
	purposes.	resource modelling.
	• Data validation procedures used.	•Newcam 2025 RC drilling was provided
		from the Newcam database.
		•The database was checked for duplicate
		values, from and to depth errors and EOH
		collar depths.
		•A 3D review of collars and hole surveys
		was completed in Micromine to ensure that
		there were no errors in placement or dip
		and azimuths of drill holes.
Site visits	• Comment on any site visits undertaken	•No site visit was undertaken by the
	by the Competent Person and the	Competent Person. The geological
	outcome of those visits.	processes used for the collection of
	• If no site visits have been undertaken indicate why this is the case.	geological and assay data were carried out by First Au and Newcam staff in a manner that is satisfactory to the Competent
		Person.
Geological	• Confidence in (or conversely, the	•Wireframes have been created for
interpretatio	uncertainty of) the geological	weathering surfaces including base of
n	interpretation of the mineral deposit.	complete oxidation and top of fresh rock
	• Nature of the data used and of any	and mineralised domains.
	assumptions made.	•RC, DD and AC drilling data has been used
	• The effect, if any, of alternative interpretations on Mineral Resource estimation.	to inform the wireframes as well as geophysical data to interpret large scale faults truncating the deposit. The AC data was not used in the grade interpolation.
	• The use of geology in guiding and controlling Mineral Resource estimation.	•Mineralisation domains were created using a lower cut-off of 0.3 g/t gold.
	• The factors affecting continuity both of
	grade andgeology.
Dimensions	• The extent and variability of the	•Gimlet is 520 m long, striking 330°.
	Mineral Resource expressed as length	Mineralisation is defined by several parallel
	(along strike or otherwise), plan width,	subvertical lodes each ranging from 2-6 m
	and depth below surface to the upper	wide that host the~~b~~ulk of mineralisation,
	and lower limits of the Mineral	and two flat lying supergene lodes sitting
	Resource.	adjacent to the main mineralised trend,
		startingat 35 m below surface.
Estimation	• The nature and appropriateness of the	•Estimations were performed using Ordinary
and	estimation technique(s) applied and	Kriging (OK) in Micromine 2026.3 software.
	key assumptions, including treatment	Hard boundaries were used for all

35

Criteria	JORC Code explanation	Commentary
modelling	of extreme grade values, domaining,	estimations. In order to prevent over-
techniques	interpolation parameters and maximum	estimation and smearing of high-grade
	distance of extrapolation from data	samples, top-capping was applied.
	points. If a computer assisted estimation method was chosen include a description of computer software and parameters used.	•Selection of top cap values were based on statistical analysis of the individual domains.
	• The availability of check estimates,	•Supergene lodes 10 g/t Au
	previous estimates and/or mine	•Vertical lodes 40 g/t Au
	production records and whether the Mineral Resource estimate takes	•During the estimation, ellipsoidal searches
	appropriate account of such data.The assumptions made regarding recovery	were dynamically oriented along the local strike and dip of the mineralisation.
	of by-products. Estimation of	•The block model was rotated to strike
	deleterious elements or other non- grade variables of economic	towards 330° to better represent the orientation of mineralisation.
	significance (eg sulphur for acid mine
	drainage characterisation).	•The block model was built with 10 m North
	• In the case of block model	5 m East and 5 m elevation parent block cells.
	interpolation, the block size in relation
	to the average sample spacing and the	•Sampling occurs at 1 m intervals for the
	search employed.	majority of holes. 1 m compositing was
	• Any assumptions behind modelling of	used to ensure adequate sample support for the estimate.
	selective mining units.
	• Any assumptions about correlation	•No estimation has been completed for other minerals or deleterious elements.
	between variables.
	• Description of how the geological interpretation was used to control the resource estimates.	•The model has been checked by comparing composite data with block model grades in swath plots (north/East/elevation) on each estimated domain. The block model visually
	• Discussion of basis for using or not	and statistically reflects the input data.
	using grade cutting or capping.
	• The process of validation, the checking
	process used, the comparison of
	model data to drill hole data, and use
	of reconciliation data if available.
Moisture	• Whether the tonnages are estimated	•Tonnage has been estimatedon a dry
	on a dry basis or with natural moisture,	basis.
	and the method of determination of the
	moisture content.
Cut-off	• The basis of the adopted cut-off	•The mineral resource has been reported
parameters	grade(s) or quality parameters applied.	using a lower cut-off grade of 0.5 g/t gold.
		This cut-off grade has been selected on the
		basis of assumed open pit mining
		parameters.
Mining	• Assumptions made regarding possible	•The mineral resource has been reported
factors or	mining methods, minimum mining	based on open pit mining.
assumption s	dimensions and internal (or, if applicable, external) mining dilution. It is always necessary as part of the process of determining reasonable	•Open pit parameters of min 2 m downhole mineralisation width, and a lower cut grade of 0.3 g/t has been used for interpretation.

36

Criteria	JORC Code explanation	Commentary
	prospects for eventual economic
	extraction to consider potential mining
	methods, but the assumptions made
	regarding mining methods and
	parameters when estimating Mineral
	Resources may not always be
	rigorous. Where this is the case, this
	should be reported with an explanation
	of the basis of the mining assumptions
	made.
Metallurgica	• The basis for assumptions or	•The fresh portion of the mineralisation has
l factors or	predictions regarding metallurgical	an abundant sulphide content which
assumption	amenability. It is always necessary as	requires further metallurgical testing to
s	part of the process of determining	define recovery.
	reasonable prospects for eventual economic extraction to consider potential metallurgical methods, but the assumptions regarding metallurgical treatment processes and	•No metallurgical work has been completed for Gimlet mineralisation at this time but will be completed as future drilling programs deliver suitable material for testing.
	parameters made when reporting
	Mineral Resources may not always be
	rigorous. Where this is the case, this
	should be reported with an explanation
	of the basis of the metallurgical
	assumptions made.
Environmen	• Assumptions made regarding possible	•It is considered that there are no significant
tal factors	waste and process residue disposal	environmental factors, which would prevent
or	options. It is always necessary as part	the eventual extraction of gold from the
assumption	of the process of determining	Gimlet project. Environmental surveys and
s	reasonable prospects for eventual	assessments will form a part of future pre-
	economic extraction to consider the	feasibility.
	potential environmental impacts of the
	mining and processing operation.
	While at this stage the determination of
	potential environmental impacts,
	particularly for a greenfields project,
	may not always be well advanced, the
	status of early consideration of these
	potential environmental impacts should
	be reported. Where these aspects
	have not been considered this should
	be reported with an explanation of the
	environmental assumptions made.
Bulk density	• Whether assumed or determined. If	•Bulk density was calculated using
	assumed, the basis for the	Archimedes methodology on drill core,
	assumptions. If determined, the	representing the different weathering
	method used, whether wet or dry, the	profiles, from two diamond holes.
	frequency of the measurements, the nature, size and representativeness of the samples.	•Downhole density measurements using a Geovista dual gamma density probe were also taken for comparison with the core
	• The bulk density for bulk material must	measurements.
	have been measured by methods that adequately account for void spaces (vugs, porosity, etc), moisture and	•The two types of measurements were compared, and a line of regression created

37

Criteria	JORC Code explanation		Commentary
	differences between rock and		to normalise the downhole densities to
	alteration zones within the deposit.		enable all measurements to be utilised and
	• Discuss assumptions for bulk density estimates used in the evaluation		averaged over the different weathering profiles.
	process of the different materials.	•
Classificatio	• The basis for the classification of the	•	The Mineral Resource has been classified
n	Mineral Resources into varying		in the Indicated and Inferred categories, in
	confidence categories.		accordance with the JORC Code. A range
	• Whether appropriate account has been taken of all relevant factors (ie relative		of criteria has been considered in determining this classification including:
	confidence in tonnage/grade		o Geological continuity;
	estimations, reliability of input data, confidence in continuity of geology and		o Data quality;
	metal values, quality, quantity and		o Drill hole spacing;
	distribution of the data).		o Modelling technique;
	• Whether the result appropriately reflects the Competent Person’s view of the deposit.		o Estimation properties including search strategy, number of informing data and average distance of data
			from blocks.
		•	The Mineral Resource classification and
			results appropriately reflect the Competent
			Person’s view of the deposits and the
			current level of risk associated with the
			project to date
Audits or	• The results of any audits or reviews of	•	No audits have been previously completed
reviews	Mineral Resource estimates.		on Mineral Resource Estimates.
Discussion	• Where appropriate a statement of the	•	There is good confidence in the data
of relative	relative accuracy and confidence level		quality, drilling methods and analytical
accuracy/	in the Mineral Resource estimate using		results. The available geology and assay
confidence	an approach or procedure deemed		data correlate well, and the geological
	appropriate by the Competent Person.		continuity has been demonstrated.
	For example, the application of statistical or geostatistical procedures to quantify the relative accuracy of the resource within stated confidence	•	Further drilling will continue to improve geological and grade understanding of the deposit.
	limits, or, if such an approach is not
	deemed appropriate, a qualitative
	discussion of the factors that could
	affect the relative accuracy and
	confidence of the estimate.
	• The statement should specify whether
	it relates to global or local estimates,
	and, if local, state the relevant
	tonnages, which should be relevant to
	technical and economic evaluation.
	Documentation should include
	assumptions made and theprocedures

38

Criteria		JORC Code explanation	Commentary
		used.
	•	These statements of relative accuracy
		and confidence of the estimate should
		be compared with production data,
		where available.

39