GATEWAY MINING LIMITED — Major Shareholding Notification 2025

Nov 26, 2025

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

ACN/ARSN

Gateway Mining Limited

008 402 391

1. Details of substantial holder (1)

Name L11 Capital Pty Ltd ATF Gascoyne Family Trust

ACN/ARSN (if applicable)

623 818 995

There was a change in the interests of the substantial holder on

substantial holder on 27 / 11 / 2025 The previous notice was given to the company on 25 / 09 / 2025 The previous notice was dated 25 / 09 / 2025

2. Previous and present voting power

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

Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully Paid Ordinary Shares (FPO)	159,318,287 FPO	8.33% 159,318,287 FPO	227,776,963 FPO	9.81% 227,776,963 FPO

3. Changes in relevant interests

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

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
2/10/2025 to 3/10/2025	L11 Capital Pty Ltd ATF Gascoyne Family Trust	On-Market Trades	$2,872,094.44	50,276,857 FPO	50,276,857 FPO
27/11/2025	L11 Capital Pty Ltd ATF Gascoyne Family Trust	Participation in September 2025 Placement following shareholder approval on 24 November 2025	$1,000,000.00	18,181,819	18,181,819 FPO

4. Present relevant interests

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

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

604 Page 2 of 3 15 July 2001

==> picture [482 x 165] intentionally omitted <==

----- Start of picture text -----

Relevant
Interest under
section
L11
608(1)(a) of
Capital
L11 Capital L11 Capital the
Pty Ltd 9.81%
Pty Ltd ATF Pty Ltd ATF Corporations 227,776,963
ATF 227,776,963
Gascoyne Gascoyne Act 2001 FPO
Gascoyne FPO
Family Trust Family Trust (Cth)and the
Family
registered
Trust
beneficial
holder of the
shares.
----- End of picture text -----

5. Changes in association

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

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

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

Name	Address
L11 Capital Pty Ltd ATF Gascoyne Family Trust	GPO Box 225, Sydney NSW 2001

Signature

print name Andrew Bray capacity Director sign here date 27 / 11 / 2025

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 6 of the form.

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

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

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

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

604 Page 3 of 3 15 July 2001

(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.

• (7) 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.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

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