GATEWAY MINING LIMITED — Major Shareholding Notification 2025

Sep 24, 2025

603 Page 1 of 2 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Gateway Mining Limited

ACN/ARSN ACN 008 402 391

1. Details of substantial holder (1)

Name L11 Capital Pty Ltd ATF Gascoyne Family Trust

ACN/ARSN (if applicable) ACN 623 818 995

The holder became a substantial holder on

24/09/2025

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary fully paid shares (FPO)	159,318,287 FPO	159,318,287 FPO	8.33%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

re as follows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
L11 Capital Pty Ltd ATF Gascoyne Family Trust	Relevant interest under section 608(1)(A) of theCorporations Act 2001 (Cth) and the registeredholder of the shares.	159,318,287 ordinary fully paidshares.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and number of securities
L11 Capital Pty Ltd ATFGascoyne Family Trust	L11 Capital Pty Ltd ATFGascoyne Family Trust	L11 Capital Pty Ltd ATFGascoyne Family Trust	159,318,287 ordinary fully paidshares.

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

ubstantial holder is as follows:
Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
L11 Capital Pty Ltd ATFGascoyne Family Trust	26/08/2025	N/A	*	68,954,651 ordinary shares
L11 Capital Pty Ltd ATFGascoyne Family Trust	24/09/2025	$2,970,000.00		54,000,000 ordinary shares
L11 Capital Pty Ltd ATFGascoyne Family Trust	24/09/2025	$2,000,000.00		36,363,636 ordinary shares

603 Page 2 of 2 15 July 2001

*Conversion of convertible preference shares ( Gateway CP Shares ) issued to L11 Capital Pty Ltd as part of In-Specie Distribution of Gateway CP Shares completed by Strickland Metals Limited as announced 25/08/2025. Strickland was issued the Gateway CP Shares as consideration for Gateway Mining Limited acquiring Strickland’s interest in the Yandal Project.

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Andrew Bray	Director of L11 Capital Pty Ltd

7. Addresses

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

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

Signature

print name Andrew Bray capacity Sole Director and Secretary sign here date 25 09 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 7 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

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

• (7) Include details of:

  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.

• (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) 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.