RIEDEL RESOURCES LIMITED — Major Shareholding Notification 2025

Nov 23, 2025

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Riedel Resources Limited

ABN: 91 143 042 022

1. Details of substantial holder (1)

Name: Hardy Road Investments Pty Ltd ACN: 122 892 728

There was a change in the interests of the substantial holder on 17/10/2025

The previous notice was given to the company on 01/09/2025 The previous notice was dated 01/09/2025

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company 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, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting Power (5)	Person’s votes	Voting power (5)
Fully paid ordinary	12,623,820	8.9%	11,000,000	7.7%

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, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

Date of	Person whose	Nature of change	Consideration given in	Class and number	Person’s
change	relevant interest	(6)	relation to change (7)	of securities	votes
	changed			affected	affected
16/10/2025	Hardy Road	On-market sale	$45,402.33	1,123,820	1,123,820
	Investments Pty
	Ltd
17/10/2025	Hardy Road	On-market sale	$14,140.00	350,000	350,000
	Investments Pty
	Ltd
20/10/2025	Hardy Road	On-market sale	$6,060.00	150,000	150,000
	Investments Pty
	Ltd

4. Present relevant interests

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

Holder of	Registered holder	Persons	Nature of relevant	Class and	Person’s
relevant interest	of securities	entitled to be	interest (6)	number of	votes
		registered as		securities
		holder (8)
Hardy Road	Hardy Road Investments	Hardy Road	Direct	12,623,820	12,623,820
Investments Pty	Pty Ltd	Investments Pty		fully paid	fully paid
Ltd		Ltd		ordinary	ordinary
				shares	shares

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 are as follows:

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

6. Addresses

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

Name	Address
Hardy Road Investments Pty Ltd	43 Strickland Street, Mount Claremont WA 6010

Signature

print namesign here		Michael CollisscapacitySole Director
		date24/11/25

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 A.

• (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.