IMAGE RESOURCES NL — Board/Management Information 2026

Jun 3, 2026

IMAGE

RESOURCES

ASX:IMA

ASX ANNOUNCEMENT | 3 June 2026

RETIREMENT OF CFO & JOINT COMPANY SECRETARY

Image Resources NL (ASX: IMA) (Image or the Company) advises that Mr John McEvoy has made the decision to retire from his long-standing executive role as Chief Financial Officer and Joint Company Secretary, effective 3 July 2026.

Mr McEvoy will remain in the role until that date to support an orderly transition.

The Company thanks Mr McEvoy for his valuable contribution during his tenure and wishes him well in retirement and future endeavours.

The Board has commenced a process to appoint a new Chief Financial Officer and will provide an update in due course.

In accordance with ASX Listing Rule 12.6, the Company advises that Mr Dennis Wilkins will continue as Company Secretary and will be responsible for communication with ASX on Listing Rule matters.

• ENDS -

This announcement is approved for release by Dennis Wilkins, Joint Company Secretary.

For further information, please contact:

INVESTORS

Patrick Mutz
MANAGING DIRECTOR & CEO
E. info@imageres.com.au

MEDIA

Cara Kennedy
SENIOR CONSULTANT – SPOKE
E. cara@hellospoke.com.au

ABOUT IMAGE RESOURCES

Image Resources NL is a mineral sands focused miner and supplier of critical minerals titanium dioxide, zircon and monazite containing rare earth elements for sale into global markets. The Company has a demonstrated track record of successful project development and operations at its Boonanarring project located 80km north of Perth in the infrastructure rich North Perth Basin.

Boonanarring was a high-grade, high-zircon, low capital cost mine development that was constructed on-time and on-budget in CY2018 and then ramped up to name plate capacity in the second month of operation and went on to operate profitably through Q3 2023. Debt for the project was paid off early in February 2021 and the Company paid dividends to shareholders in April 2021 and April 2022.

Atlas is a high-grade, low capital cost mine development constructed in line with budgeted and scheduled construction timelines. Construction commenced in August 2024 and was completed in Q1 2025. Project commissioning and first HMC production were also completed in Q1 allowing commencement of operations on 1 April 2025. Production ramped up to nameplate capacity in June 2025 and is currently in operation.

Image Resources NL | ABN 57 063 977 579
Level 2, 1 Walker Avenue West Perth WA 6005
PO Box 469 West Perth WA 6872
T: 08 9485 2410 www.imageres.com.au

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IMAGE RESOURCES

ASX:IMA

Chapter 1 operating strategy for Image involved the transition from advanced explorer to active miner in CY2018, operating a single mine and producing a single product (HMC) sold into a single jurisdiction (China). Chapter 2 strategy (post Atlas) will focus on the Company's growth and sustainability ambitions which includes the operation of multiple mines in parallel, producing multiple products (separating HMC), and selling into a global market.

The Company is also investigating a significant value adding step of upgrading its ilmenite to synthetic rutile using a lower GHG emissions, innovative process which Image has provisionally patented, and aims to demonstrate the technical and economic feasibility of this novel process in CY2026.

FORWARD LOOKING STATEMENTS

Statements contained in this release, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, Mineral Resources, Ore Reserves, or potential growth of Image Resources, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

Image Resources NL | ABN 57 063 977 579

Level 2, 1 Walker Avenue West Perth WA 6005

PO Box 469 West Perth WA 6872

T: 08 9485 2410 www.imageres.com.au