RIGHT RESOURCES LIMITED — Capital/Financing Update 2026

Feb 4, 2026

5 February 2026

Amended Announcement

Right Resources Limited ( ASX : RRE) (Right Resources or the Company) wishes to advise the ASX announcement “ Maiden Diamond Drilling Demonstrates Extensive Gold-Copper Mineralisation at the Pilot Project ” released to the market on 5 February 2026 has been amended and is attached to this release.

The announcement has been amended by the inclusion of a Table 4 in Appendix 3, to comply with ASX guidance on disclosure of visual observations of mineralisation.

This amended announcement has been approved for release by the Continuous Disclosure Committee of Right Resources Limited.

Right Resources Limited ABN 81 649 632 744

41-47 Colin Street +61 8 6245 2050 West Perth WA 6005 ASX:RRE

www.rightresources.com.au

5 February 2026

Maiden Diamond Drilling Demonstrates Extensive Gold-Copper Mineralisation at the Pilot Project

Highlights

• Drill testing confirms proof of concept , demonstrating that the Pilot Project hosts a potential large-scale gold mineralisation system, with multiple stockwork zones intersected in maiden drilling.

• Hole RRPT0001 (699.4m) successfully intersected the primary porphyry stockwork target from 338m, including;

• 42m @ 0.2 g/t Au from 338m within stockwork, with narrower intervals of higher-grade gold as predicted

• An additional elevated copper target zone (Western Target Zone) was identified between 60-121m, west of the primary porphyry target, with:

• Veins up to 0.3m wide within 1-5m alteration zones, returning up to 0.1% Cu at 115.1m for 0.9m, 1.1 g/t Au at 102.3m for 0.2m, and 2.5 g/t Ag at 102.3m for 0.2m.

• Step out hole RRPT0002 , drilled 220m south of RRPT0001, confirms the porphyry target extends at least 200m south, with assays pending. Visual logging indicates;

• Previously unrecorded historic underground workings at 46.5m.

• Alteration and veining from 69-129m, marking a second intersection of the additional Western Target Zone to the south.

• A thin primary porphyry intersected between 280-295.9m, with assays pending to define stockwork target.

• Stronger alteration and veining was observed in the second hole, with assays pending.

• Both holes contain persistent disseminated pyrite to end-of-hole , indicating a broad pyrite halo consistent with the shallow levels of major NSW Au-Cu porphyry systems.

• Approval has now been received to extend the maximum drilling depth at Pilot to 1,200m, which will allow the Company greater discretion to selectively drill deeper to assist in understanding how the mineralised system behaves at depth.

• The Company is currently completing a series of additional holes as part of a fan-style drilling program designed to define the distribution of mineralisation ahead of finalising plans for deeper drilling. The Company remains well funded, with a cash balance of $7.7M as at 31 December 2025.

Right Resources Limited (ASX: RRE ) ( Right Resources or the Company ) is pleased to provide an update on maiden drilling at the Pilot Project ( Pilot ), including completion of RRPT0001 and encouraging visual geological observations from RRPT0002.

Right Resources Managing Director, Graham Howard, commented: “These first drill results at Pilot are highly encouraging for a system that has never been drill-tested and represent a genuine greenfields discovery of a large-scale mineralised system. The initial two holes show strong geological similarities to the shallow, early-stage drilling at major porphyry systems such as Cadia Ridgeway and Boda, with a side-byside comparison included later in this announcement.

Right Resources Limited ABN 81 649 632 744

41-47 Colin Street +61 8 6245 2050 West Perth WA 6005 ASX:RRE

www.rightresources.com.au

RRPT0001 intersected a broad gold stockwork zone associated with a thin porphyry unit just 240m below surface, as well as a newly identified copper-vein target west of our primary porphyry stockwork target. We now have two stockwork vein targets – exceeding our proof-of-concept expectations we had for our maiden drilling.

RRPT0002, drilled 220m to the south, visually confirms a broad zone of intense alteration and veining within the new Western Target Zone, and again intersected the stockwork surrounding the primary porphyry target (from 389m down hole to 395.9m down hole). The mobile MT program appears to have successfully detected both the sulphide-rich western target and the porphyry target – an excellent outcome, with anomalies extending from surface to more than 1,000m depth.

Together, these results suggest we are positioned within the shallow expression of a much larger system at depth – effectively the ‘smoke’ rising from a potentially significant mineralised engine below. The Company’s confidence in the need for deeper drilling has increased, and approval has now been secured to drill to 1,200m. Planning is underway to target deeper mineralisation where – consistent with comparable NSW porphyry systems – copper and gold grades may increase. Further results will be incorporated as the deeper drilling program will be finalised.”

Breakthrough Greenfields Drilling Results at Pilot Project

RRPT0001 – Successful First Test of the Porphyry System

RRPT0001 (699.4m) was designed to establish an east-west geological cross-section and to test interpretations derived from surface mapping, ground magnetics and structural modelling. As the first hole ever completed at the Pilot Project, it has confirmed the presence of multiple mineralisation zones and, importantly, demonstrate strong similarities with the shallow expression of major porphyry gold-copper systems in NSW.

Key Geological Outcomes

• Drilling confirms a >700m wide pyrite-rich halo (visual pyrite grade up to 1%), with multiple gold ± copper vein zones from surface to 380m.

• Intersection of sulphide zones supports the recent mobile magnetotellurics passive electromagnetic survey results that show geophysical anomalies from surface to below 1km depth.

• 0-21m: Intersected historic underground workings (1860s-1870s) targeting quartz veins in meta-sandstone. These workings were not previously known to exist.

• 60–121m: Newly defined 61m corridor of narrow (<0.3m) quartz–sulphide (pyrite + chalcopyrite) veins with sericite–silica–chlorite alteration, with assay results returning variable grades of gold (up to 1.1 g/t Au at 102.3m for 0.2m), copper (up to 0.1% Cu at 115.1m for 0.9m) and silver (up to 2.5 g/t Ag at 102.3m for 0.2m). This zone aligns with a magnetic reversal and represents a strong new structural target.

• 338–380m: Target porphyry and surrounding stockwork intersected, including a predicted thin porphyry intrusive (340–347m), returning 42m @ 0.2 g/t Au from 338m, with vein grades up to 5 g/t Au over 0.2m.

• Additional stockwork zones at an observed frequency of 1 vein every one to two meters at 584.5– 591.5m were barren, likely indicating distal positions relative to deeper mineralisation.

• Continuous moderate–strong alteration and disseminated pyrite to end-of-hole highlights the potential for a larger, deeper gold–copper system beneath current drilling.

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Figure 1: Pilot Project plan image illustrating location of RRPT0001 and RRPT0002 with reported assay results and pending assays.

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Figure 2: Pilot Project cross section illustrating the results from hole RRPT0001.

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‑ RRPT0002 – Step Out Hole Confirms System Scale

RRPT0002, positioned 220m south of RRPT0001, is a major step-out hole designed to test system continuity and target the porphyry at ~280m depth. The hole was completed to 648.2m, with assay results pending.

Key Observations

• Drilling confirms a >648m wide elevated pyrite halo, with multiple veining intervals from the collar, which may represent gold +/- copper mineralisation as reported in RRTP0001.

• Historic underground workings intersected to ~45m, indicating intense mining activity during the 19th-century Maragle Gold Rush.

• Intersection of the Western Target Zone encountered in RRPT0001, with:

• 60–130m: Alteration, with zones of strong silica and sulphide veining;

• Increased vein density and stronger alteration than RRPT0001.

• 289m–295.9m: Thin primary porphyry intersected. The Company is waiting on assay results to define extent of stockwork gold zone.

• Combined with RRPT0001, drilling confirms >200m strike continuity of both mineralised target vein zones, supporting the interpretation of a laterally extensive system sub-parallel to a potential gold-dominant porphyry-related stockwork.

• The Company is still processing drill core from 300m down hole to end of hole and will release further results as they become available.

==> picture [369 x 140] intentionally omitted <==

Figure 3: Photos of core from RRPT0002 showing multiple silica-carbonate-sulphide (chalcopyrite and pyrite up to 1% with 40% banded pyrite from 70.9m for 0.1m) veins 69.9-73.5m, noting the oxidation of sulphides.

==> picture [369 x 135] intentionally omitted <==

Figure 4: Photos of core from RRPT0002 showing multiple silica-sulphide (chalcopyrite and pyrite up to 1%) veins 104.6-107.9m, noting the oxidation of sulphides.

Note: The Company has not received assay results from hole RRPT0002 at Pilot. Assay results are expected in Q1 2026. Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.

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Contextual Comparison: Cadia-Style Greenfields Discovery Pathway

To contextualise the geological significance of drill hole RRPT0001, the Company has compared early Pilot Project results with two major alkalic Cu–Au systems in the Macquarie Arc: Boda and Cadia Ridgeway . These comparisons, which focus on grade, alteration mineralogy, vectoring indicators and structural setting, indicate that RRPT0001 intersects several features commonly observed on the margins of large alkalic porphyry systems.

‑ While early stage vectoring in porphyry systems is inherently challenging, the Company notes several factual geological parallels between the Pilot Project’s initial drill results and those recorded during the early discovery phases of Boda and Cadia Ridgeway.

Given the complexity of these systems, the Company has also engaged with Centre for Ore Deposit and Earth Sciences (CODES) at the University of Tasmania (UTAS) to assist in refining the geological interpretation of the Pilot Project. Their specialist input is expected to further clarify the characteristics and potential scale of the mineralised system.

Table 1: Technical Comparison — Boda, Cadia Ridgeway and the Pilot Project

Vector	Boda	Cadia Ridgeway	Pilot Project
Host Geology	•Molong Volcanic Belt – Macquarie Arc, structurally related to Gilmore Fault Zone corridor1	•Molong Volcanic Belt – Macquarie Arc, structurally related tonorth west arc transverse trending zone corridor2	•Recently discovered,adjacent to the Macquarie Arc, structurally related toGilmore Fault Zoneand proximal to northwest arc transverse trending Henry Fault corridor
Age Dating	•436-443 Ma1	•435-445 Ma3	• Unconfirmed, with age dating still in progress with CODES-UTAS
Mineralisation Style	• Au-Cu alkalic porphyrysystem1with broad, disseminated to stockwork mineralisation2	• Au-Cu porphyrysystem with a high-grade core developed at depth2	•Potential for large scaleAu–Cu systemwithAu-dominant and Cu- bearing stockwork zones •Mobile MT geophysics defines targets below 1km depth
Stockwork Styles	• Quartz–sulphide stockworks1	• Quartz–sulphide stockworks; (silica, pyrite + chalcopyrite)sheeted veinsand B and C veins4	• Quartz–sulphide veins(silica, pyrite ± chalcopyrite)sheeted veins, B veins.
Pre-Discovery Drilling (Key Early Hole)	•KSRC018: 311m @ 0.28 g/t Aufrom 19m1 •Zone of potassic alteration near end of hole returning 24m @ 0.53 g/t Au,0.17% Cu from 283m1	•NC317: 102 m @0.13 g/t Au, 0.40% Cu from 610m, weak Au but clear Cu anomalism2	•RRPT0001: 42m @0.2 g/t Aufrom 338m, porphyry intrusive & Au- bearing veins •RRPT0002 completed_awaiting on_ assays
What Early Drilling Indicated	•Demonstrated lateral and vertical metal and alteration zonation of a significant Au-Cu porphyry system1	•Chalcopyrite-bearing, sheeted veinstyle mineralisation with zone of increasinglyanomalous Cu mineralisation+ pathfinders2	•Pyrite halo withbroad gold stockwork veining+ porphyry finger returns significant intercept at target porphyry zone •New western +Cu Au veinssystem •Geophysics and drill holes indicate deeper target>1km depth
Discovery Hole that Followed	•KSDD003: 507m @ 0.48 g/t Au, 0.20% Cu from 211m1	•NC498: 145m from 598m @ 4.3 g/t Au and 1.20% Cu; and 84m from 821m @ 7.4 g/t Au, 1.27% Cu2	• Planned deeper drilling to test for potential grade escalation at depth

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Figure 5: The Boda discovery drill sequence from the early holes to the discovery hole KSRC018 [1]

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Figure 6: The Cadia-Ridgeway discovery drill sequence from the early holes RGRC1 and NC371 to the discovery hole NC498 (Wood, 2012b) [2]

Note: These comparisons are geological in nature only and do not imply that Pilot will achieve similar economic outcomes.

Next Steps

• Assay results for RRPT0002 are expected in Q1 2026, after which the Company will provide a further market update once results have been received and assessed.

• The Company is completing a series of additional holes as part of a fan ‑ style drilling program along strike to define the distribution of mineralisation. Planning for the deeper drilling program is progressing in parallel and will commence once data from the initial shallow holes has been received, reviewed, and incorporated into the geological model.

• The Company will also undertake a down hole geophysics program in Q1 2026 to assess the potential mineralised targets.

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Regional Exploration

The Company continues to progress exploration across its broader NSW portfolio, including active programs at the Storm Project and within the New England Region. These regional assets form an important part of ‑ the Company’s long term discovery pipeline, although the Pilot Project remains the Company’s flagship asset and primary exploration focus.

Storm Project

‑ In October 2025, the Company completed an ultra detailed ground magnetic survey across the northern part of the Storm Project (including the Squall Prospect) using 10m line spacing. This survey aims to determine whether ground magnetics can delineate the contacts of a potential porphyry unit centred on the Squall Prospect. Results are pending.

New England Tenements

Desktop studies are ongoing to refine target definition across the Company’s two exploration licences in the New England Region. Results are pending.

As committed, the Company will continue advancing its broader exploration programs and will assess project prioritisation as results develop. The Board looks forward to progressing these regional initiatives in parallel, demonstrating the underlying value of the Company’s significant tenement position.

For further information please refer to the following ASX announcements:

• Major Expansion of Gold Mineralisation at Pilot Project - 27 November 2025

• Pilot Project Drilling Update - 11 December 2025

• Quarterly Activities Report - 30 January 2026

ENDS

This announcement has been approved for release by the Board of Right Resources Limited.

www.rightresources.com.au

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Further Information

Graham Howard

Managing Director

E: info@rightresources.com.au

Jessamyn Lyons

Company Secretary

E: jessamyn.lyons@rightresources.com.au

Media

Stephanie Richardson Sodali & Co E: stephanie.richardson@sodali.com

Follow Us

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About Right Resources

Right Resources Limited is a New South Wales–based mineral exploration company focused on advancing a portfolio of gold and copper assets across 2,089 km² of tenements in the Tumbarumba and New England regions, both located within historically significant goldfields.

The Company’s portfolio boasts eight 100% owned exploration licences in New South Wales (NSW), which are considered by the Company as highly prospective for copper and gold. The primary focus of exploration will be on the six licenses held in the Tumbarumba Region, which lies within the Lachlan Fold Belt and adjacent to a prolific mineral province near the Gilmore Fault Zone (GFZ), with over 90km of tenement strike length along this key structural feature associated with gold mineralisation. The host geology in the project areas includes near-surface high grade gold epithermal, porphyry, and stockwork systems.

The Company’s flagship asset is the Pilot Project, a prospective high-grade gold target in the Tumbarumba Region. The area includes significant historic hard rock and alluvial workings that are largely undocumented in the NSW mineral occurrence database and is completely untested by modern drilling.

Forward Statements

This announcement may contain forward-looking statements or information, including forecasts, projections, opinions and conclusions. These statements are not guarantees of future performance or statements of fact. Actual events and results may differ materially due to a variety of risks, uncertainties and other factors, including, among other things, funding requirements, metal prices, exploration and development risks, operational challenges, competition, production risks, regulatory restrictions, including environmental regulation and liability, potential title disputes and various business, economic, political and social uncertainties and contingencies. Although Right Resources believes there is a reasonable basis for any forward-looking statements, such statements involve significant risks and uncertainties.

References

1 https://smedg.org.au/wp-content/uploads/2022/05/Alkane-Resources-Boda-MWPresentation_202205_Dave.pdf, pages 17, 19-21

2 https://smedg.org.au/discovery-of-the-cadia-ridgeway-gold-copper-porphyry-deposit-john-hollidaycolinmcmillanian-tedder/

3 https://www.tandfonline.com/doi/pdf/10.1071/ASEG2001ab082

4 Cooke, D.R., Hollings, P., Walshe, J.L. & Simmons, S.F. (2002). “ U ‑ Pb and Re ‑ Os Geochronologic Evidence for Two Alkalic Porphyry Ore ‑ Forming Events in the Cadia District, New South Wales, Australia .”

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Competent Person Statements

Emily Henry

The information in this announcement that relates to Exploration Results is based on and fairly represents information and supporting documentation compiled by Ms Emily Henry, who is a Principal Geologist at Exora Consulting Pty Ltd. Ms Henry is a Competent Person who is a Member of the Australian Institute of Geology (AIG).

Ms Henry has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC, 2012).

Ms Henry consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

Previously Reported Exploration Results

The Company confirms that it is unaware of any new information or data that materially affects the information included in the previous market announcements referred to in this release. To the extent disclosed above, the Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. All previously released market announcements referred to within this announcement can be found on the Company’s website at rightresources.com.au.

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Appendix 1 - JORC Table 1, Sections 1 - 2

Section 1 Sampling Techniques and Data

Criteria	JORC	Code explanation	Commentary	Commentary
Sampling techniques	•	Nature and quality of sampling (eg cut	•	Two Diamond Drill holes (DD) (hole ID:
		channels, random chips, or specific		RRPT0001 and RRPT0002) have been
		specialised industry standard		completed by Right Resources Limited
		measurement tools appropriate to the		(“Right Resources”, “RR”, or “the
		minerals under investigation, such as		Company”) at the Pilot Project Area in
		down hole gamma sondes, or handheld		EL9449.
		XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	•	Diamond drilling was undertaken to obtain high-quality core samples suitable for geological and geotechnical
	•	Include reference to measures taken to		logging.
		ensure sample representivity and the appropriate calibration of any measurement tools or systems used.	•	Core was logged by a qualified geologist, with intervals marked and cut for half-core sampling to maintain
	•	Aspects of the determination of		representativity.
		mineralisation that are Material to the
		Public Report.	•	Sample intervals typically ranged from 0.2 m to 1.0 m, adjusted based on
	•	In cases where ‘industry standard’ work		lithology and veining. Certain intervals
		has been done this would be relatively		sampled a minimum of 0.15 m.
		simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a	•	Core was orientated, meter marked, and core loss recorded.
		30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or	•	Magnetic susceptibility readings were taken across all intervals using calibrated instruments, verified against certified standards.
		mineralisation types (eg submarine	•	These techniques are considered
		nodules) may warrant disclosure of		appropriate for testing mineralisation
		detailed information.		controls.
Drilling techniques	•	Drill type (eg core, reverse circulation,	•	RRPT0001 - DD drilling was undertaken
		open-hole hammer, rotary air blast,		with HQ (96mm outer diameter) to
		auger, Bangka, sonic, etc) and details		50.4mdh and then NQ2 with a 75.7mm
		(eg core diameter, triple or standard		drill bit (outer diameter).
		tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).	•	RRPT0002 - DD drilling was undertaken with HQ (96mm outer diameter) to 479.3mdh and then NQ2 with a 75.7mm drill bit (outer diameter).
			•	Chrome barrel was used to limit hole
				deviation
			•	All core, was inspected by a company
				geologist, has been orientated.
			•	A company representative has either
				checked driller orientation marks or
				undertaken full length orientation mark
				up to validate orientation markings,
				suitable for structural modelling.
Drill sample recovery	•	Method of recording and assessing core	•	Core loss was recorded after each run
		and chip sample recoveries and results		and core block inserted.
		assessed.
			•	Meter marking was undertaken from the
	•	Measures taken to maximise sample		start of the whole which provides
		recovery and ensure representative		validation against the core block interval
		nature of the samples.		depths.
	•	Whether a relationship exists between	•	A final rod count after the hole is drill
		sample recovery and grade and whether		provides a validation check on total
		sample bias may have occurred due to		meters drilled.
		preferential loss/gain of fine/coarse material.	•	Laboratory measured weight of each
				sample
Logging	•	Whether core and chip samples have	•	Geological logs have been completed
		beengeologicallyandgeotechnically		usinga multipass system capturing

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Criteria	JORC	Code explanation	Commentary	Commentary
		logged to a level of detail to support		lithology, alteration, mineralogy, veining,
		appropriate Mineral Resource		structure and geotechnical RQD.
		estimation, mining studies and metallurgical studies.	•	Logging is completed at a level suitable to support future resource estimation.
	•	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	•	Core is photographed both as wet and dry.
	•	The total length and percentage of the relevant intersections logged.	•	RRPT0001 - the total hole has been logged.
			•	RRPT0002 – partial logging has been
				completed at the time of this
				announcement
Sub-sampling	•	If core, whether cut or sawn and whether	•	Intervals selected for sampling is half
techniques and		quarter, half or all core taken.		cut using a diamond saw.
sample preparation	•	If non-core, whether riffled, tube	•	To minimise bias in sample selection,
		sampled, rotary split, etc and whether		the orientation line on the core is
		sampled wet or dry.		positioned slightly off-center in the core
	•	For all sample types, the nature, quality and appropriateness of the sample preparation technique.		trays. This ensures that the core is consistently cut in the same position while preserving the orientation mark. The half opposite the orientation line is
	•	Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.		selected for sampling. A cut line is placed to differentiate the orientation line as an indication for cutting.
	•	Measures taken to ensure that the	•	No field duplicates have been taken
		sampling is representative of the in situ
		material collected, including for instance
		results for field duplicate/second-half
		sampling.
	•	Whether sample sizes are appropriate to
		the grain size of the material being
		sampled.
Quality of assay data	•	The nature, quality and appropriateness	•	Samples were submitted to Bureau
and laboratory tests		of the assaying and laboratory		Veritas (BV) in SA for 50g Fire Assay
		procedures used and whether the		FA001, FS001, and multi-element ICP
		technique is considered partial or total.		analysis capturing 54 elements
	•	For geophysical tools, spectrometers,		(MA102).
		handheld XRF instruments, etc, the	•	Internal laboratory QAQC protocols
		parameters used in determining the		include routine insertion of blanks,
		analysis including instrument make and		duplicates, and certified reference
		model, reading times, calibrations		material (CRMs).
		factors applied and their derivation, etc.	•	Company QAQC procedures:
	•	Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision		o CRMs inserted at a frequency of 1 in 20 samples (5%), covering both gold (Au) and milt-element suites.
		have been established.		o Blanks inserted at a frequency
				of 1 in 20 samples (5%) to
				monitor contamination.
				o No field duplicates were
				collected across the two
				holes, however laboratory
				pulp duplicates are routinely
				analysed.
			•	Instrument calibration:
				o Magnetic susceptibility
				readings were taken using a
				calibrated instrument with
				periodic checks against
				known standards.
				o Accuracy and precision
				o QAQC results will be
				reviewed upon receipt of

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Criteria	JORC	Code explanation	Commentary	Commentary
				assays (assays pending at
				time of announcement for
				RRPT0002), any failures will
				trigger re-assay protocols.
				Any failed standard above 3
				standards deviation triggered
				a re-assay of the sample
				batch;
				o No external laboratory checks
				have been completed at this
				stage of the program, these
				will be considered for future
				programs.
Verification of	•	The verification of significant	•	No twinned holes have been completed.
sampling and assaying		intersections by either independent or alternative company personnel.	•	Drill logs have been recorded in electronic format.
	•	The use of twinned holes.
			•	All data is uploaded, validated and
	•	Documentation of primary data, data		stored in the Company’s Micromine
		entry procedures, data verification, data		Geobank Database.
		storage (physical and electronic)
		protocols.
	•	Discuss any adjustment to assay data.
Location of data	•	Accuracy and quality of surveys used to	•	Location of drill holes were set out by an
points		locate drill holes (collar and down-hole		independent surveyor from Rivland
		surveys), trenches, mine workings and		Surveyors.
		other locations used in Mineral
		Resource estimation.	•	Down hole survey was completed during
				drilling using a Giro Single Shot at 30m
	•	Specification of the grid system used.		increments.
	•	Quality and adequacy of topographic	•	RRPT0001 - Final down hole survey
		control.		was completed using Giro Single Shot.
			•	RRPT0002 – Final hole survey was
				completed using Giro Single Shot.
			•	Final collar pick up was completed on
				29thJanuary 2026 by Rivland
				Surveyors.
			•	All location data are recorded in MGA
				94 ZONE 55.
			•	Elevations referenced to AHD
Data spacing and	•	Data spacing for reporting of Exploration	•	RRPT0002 was drilled 40 degrees to
distribution		Results.		the south of RRPT0001 with a drill
	•	Whether the data spacing and		spacing at target depth of 230m.
		distribution is sufficient to establish the	•	The current spacing is insufficient to
		degree of geological and grade		establish a degree of geological and
		continuity appropriate for the Mineral		grade continuity appropriate for a
		Resource and Ore Reserve estimation		Mineral Resource estimation.
		procedure(s) and classifications applied.	•	No sample compositing has been
	•	Whether sample compositing has been		completed.
		applied.
Orientation of data in	•	Whether the orientation of sampling	•	Drilling direction is considered to be an
relation to geological		achieves unbiased sampling of possible		effective orientation to test the steep
structure		structures and the extent to which this is		mineralisation trending north-south. Drill
		known, considering the deposit type.		holes are orientated west to east, which
	•	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to		is approximately perpendicular to the historic mineralisation trend (north- south) as recorded in historic mining records. RRPT0002 is drilled north-west
		have introduced a sampling bias, this		to south-east and trends at a lower
		should be assessed and reported if material.		angle (45 degrees) to the north-south strike of mineralisation base on historic
				mining records

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Criteria	JORC	Code explanation	Commentary	Commentary
			•	Limited knowledge on key mineralised
				structures exists to determine if drill
				orientations introduce a sampling bias.
Sample security	•	The measures taken to ensure sample	•	After cutting and bagging, each sample
		security.		was placed in a tamper-evident, labelled
				plastic bag with a unique sample ID.
			•	Samples were grouped into polywoven
				bags, sealed with cable ties, and
				documented on a sample dispatch
				sheet.
			•	The dispatch sheet includes:
				o	Hole ID, interval, sample ID,
					and number of bags.
				o	Signature of the geologist
					preparing the samples.
				o	Samples were stored in a
					secure, locked facility on site
					until transport.
			•	Transport	procedure:
				o	A Right Resources
					representative delivered
					sealed sample bags to the
					nominated third-party courier
					depot.
				o	Courier provided a
					consignment note, which was
					cross-checked against the
					dispatch sheet.
			•	Laboratory confirmation:
				o	Bureau Veritas confirmed
					receipt of samples via
					electronic chain-of-custody
					acknowledgment, listing all
					sample IDs.
				o	All chain-of-custody records
					(dispatch sheets,
					consignment notes, and lab
					receipts) are retained in the
					company’s QAQC files.
Audits or reviews	•	The results of any audits or reviews of	•	No audits	or reviews have been
		sampling techniques and data.		completed on the sampling techniques
				and data.

Section 2 Reporting of Exploration Results

Criteria	JORC	Code explanation	Commentary	Commentary
Mineral tenement and	•	Type, reference name/number, location	•	The tenement, EL9449, covering
land tenure status		and ownership including agreements or		the Pilot Project Area is 100% owned
		material issues with third parties such as		by Right Resources Pty Ltd in New
		joint ventures, partnerships, overriding		South Wales, Australia.
		royalties, native title interests, historical sites, wilderness or national park and environmental settings.	•	The Pilot Project Area lies wholly in the Maragle State Forest operated by NSW forestry.
	•	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.	•	Historical hard rock mining has occurred within the Pilot Project Area at the Historic Pilot Reef Mine
			•	Historical alluvial mining has been
				extensivelymined in the creeks

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Criteria	JORC	Code explanation	Commentary	Commentary
				neighbouring Historic Pilot Reef
				Mine within the Pilot Project Area.
			•	The tenement is in good standing, and
				the Company is not aware of any
				impediments to ongoing exploration or
				future development.
Exploration done by	•	Acknowledgment and appraisal of	•	Historic mining work occurred
other parties		exploration by other parties.		between 1855 and 1954 across the
				Tumbarumba Gold Fields.
			•	The historic Pilot Reef Mine was
				worked in the 1880’s.
			•	The Company has obtained hardcopy
				reports and maps in relation to this
				information as part of its historical
				review in preparation for their current
				work program.
			•	The historic data comprises mine
				production records from the NSW
				Mine Registrar
			•	Several companies have undertaken
				periodic and localised exploration
				across parts of EL9449 between 1969
				and 2022, primarily targeting tin and
				gold mineralisation. Historical work
				included geological mapping, stream
				sediment sampling, limited
				geochemical surveys, and trenching.
				Key exploration activities include:
			•	A.O.G. Minerals Pty Ltd held historic
				tenure EL200, which partially overlaps
				EL9449; however, a review of
				historical reports indicates no
				exploration was conducted within the
				EL9449 boundary.
			•	Southern Cross Exploration N.L. (JV
				with Hallmark Minerals N.L.)
				conducted exploration on the historic
				licence EL669, which overlaps
				EL9449. Two exploration stages were
				completed. The first exploration
				program consisted of geological
				mapping, an incomplete geochemical
				survey and panning for tin and gold on
				a limited scale. No analysis of
				pathfinder elements was carried out,
				but it was reported on the limited
				analysis for silver, that silver content is
				proportional to gold. The second
				exploration program consisted of
				costeans dug to test the alluvial flats
				along Back Creek between the
				tributaries of Pennyweight and Mc
				Geochs, totalling 21 costeans over a
				length of 2.6km (N-S). Gold values
				were negligible while grades of tin
				were very low to be economically
				exploited.
			•	Cluff Minerals (Australia) Pty Ltd
				explored on the historic licence
				EL1618, which lies within EL9449,
				undertaking reconnaissance mapping,
				gamma spectrometry, and stream
				sediment sampling in the headwaters
				of Back, Pound, McGeochs, Free
				Damper, Pinchgut, Maragle, Reedy
				and Pennyweight Creeks, and alluvial
				flats near the junction of the Tooma
				River and Pound Creek. Tin was
				found to be widelydistributed,but

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Criteria	JORC	Code explanation	Commentary	Commentary
				concentrations were deemed
				subeconomic. They determined tin
				seems widely distributed within
				granitoids and probable in stringer
				mineralisation in roof pendants and
				contacts.
			•	Southern Cross Exploration N.L. (JV
				with Gulf Resources N.L.) held
				tenures overlapping EL9449 (historic
				licence EL1750), but no exploration
				appears to have been conducted
				within the EL9449 boundary.
			•	Bullseye Gold Pty Ltd held the historic
				licence EL9056, partly covering
				EL9449, but conducted no fieldwork
				before relinquishing the licence in
				2022.
Geology	•	Deposit type, geological setting and style	•	Test he nature of the potential style of
		of mineralisation.		mineralisation is quartz stockwork
				within granite and porphyritic rhyolite
				(based on petrology analysis
				completed by the Company).
			•	The historic mineralised corridor
				strikes 006 degrees and dips -82
				degrees towards the west.
			•	It has been interpreted that internal
				north-east (40 degrees) trending high-
				grade mineralisation may occur within
				the mineralisation corridor following
				surface field observations of historic
				stope orientations along the N-S
				mineralised corridor
			•	The broader mineralisation system is
				interpreted to be an Au porphyry
				system, with the Historic Pilot Reef
				Mine reflecting the fractured carapace
				and veining above the main
				mineralised system.
Drill hole Information	•	A summary of all information material to	•	The drill location was marked up using
		the understanding of the exploration		a contract surveyor, Rivland
		results including a tabulation of the		Surveyors, with the final hole position
		following information for all Material drill		to be picked up by the same company
		holes:		at the completion of the program.
	•	easting and northing of the drill hole collar	•	All drill information is included in
	•	elevation or RL (Reduced Level –		Appendix 2 Table 2.
		elevation above sea level in metres) of the
		drill hole collar
	•	dip and azimuth of the hole
	•	down hole length and interception depth
	•	hole length.
	•	If the exclusion of this information is
		justified on the basis that the information is
		not Material and this exclusion does not
		detract from the understanding of the
		report, the Competent Person should
		clearly explain why this is the case.
Data aggregation	•	In reporting Exploration Results, weighting	•	Assay results for RRPT0002 pending
methods		averaging techniques, maximum and/or		at time of announcement.
		minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.	For RRPT0001, the following cut-off grades were applied when reporting significant intercepts:
	•	Where aggregate intercepts incorporate short lengths of high grade results and	•	0.1g/t Au,
		longer lengths of lowgrade results,the

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Criteria	JORC	Code explanation	Commentary	Commentary
		procedure used for such aggregation	•	0.1g/t Ag
		should be stated and some typical examples of such aggregations should be	•	60ppm Cu
		shown in detail.	No high	grade cuts were applied
	•	The assumptions used for any reporting of metal equivalent values should be clearly stated.	All intercepts are reported as downhole widths, as true widths are not yet known
			Significant intercepts were generated using a
			nominal	cut-off based on Au (g/t) with internal
			dilution permitted as follows:
			338m –	380m interval includes internal dilution
			of up to	a maximum width of 7m of material
			below cut-off
			No metal equivalents were reported
Relationship between	•	These relationships are particularly	•	RRPT0001 drilled perpendicular and
mineralisation widths		important in the reporting of Exploration		RRPT0002 drilled at ~45 degrees to
and intercept lengths		Results.		the interpreted strike of mineralisation
	•	If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.		at approximately 006 degrees. Mineralisation is interpreted to dip steeply west at approximately 80-90 degrees
	•	If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’).	•	No downhole grade intervals for RRPT0002 have been reported as assay results pending at time of announcement.
			•	Downhole lengths have been report
				for RRPT0001, true width not known
Diagrams	•	Appropriate maps and sections (with	•	Plans and diagrams are included in
		scales) and tabulations of intercepts		the announcement.
		should be included for any significant discovery being reported These should include, but not be limited to a plan view of	•	The data has been presented using appropriate scales
		drill hole collar locations and appropriate sectional views.	•	Geological and mineralisation interpretations are based on current
				knowledge and will change with
				further exploration.
Balanced reporting	•	Where comprehensive reporting of all	•	No high grade cuts have been applied
		Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be	•	Down hole widths reported, true widths are unknown
		practiced to avoid misleading reporting of Exploration Results.	•	All relevant assay results for RRPT0001 are included in Table 3
			•	No selective of misleading exclusion
				of data has occurred
			•	Visual estimates for sulphide
				percentage has been provided in
				Table 4 and associated with Figure 3
				and Figure 4 of this announcement
			•	No assay results have been returned
				for RRPT0002 at the time of this
				announcement
Other substantive	•	Other exploration data, if meaningful and	•	No other material data has been
exploration data		material, should be reported including (but		collected
		not limited to): geological observations;
		geophysical survey results; geochemical
		survey results; bulk samples – size and
		method of treatment; metallurgical test
		results; bulk density, groundwater,
		geotechnical and rock characteristics;
		potential deleterious or contaminating
		substances.
Further work	•	The nature and scale of planned further	•	Additional drilling is planned to further
		work (eg tests for lateral extensions or		test the mineralisation along strike and
				down dip.

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Criteria	JORC	Code explanation	Commentary
		depth extensions or large-scale step-out
		drilling).
	•	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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Appendix 2 - Diamond Drillhole Collar Locations

Table 2: Diamond Drillhole Collar Locations

Hole ID	Easting (m)	Northing (m)	RL (m)	Zone	Grid	From (m)	To (m)	Comment
RRPT0001 RRPT0002	617161.05 617164.14	6033874.96 6033872.06	1281.2 1281.2	MGA94 MGA94	55 55	0 0	699.4 648.2

Table 3: Significant Intercepts in RRPT0001

Hole ID	From (m)	To (m)	Interval Length (m)	Au (g/t)	Ag (g/t)	Cu (ppm)
RRPT0001	74.7	75	0.3	0.56	0.3	57
RRPT0001	76.5	76.7	0.2	0.06	0.5	149
RRPT0001	102.3	103	0.7	0.32	0.9	196
includes	102.3	102.5	0.2	1.1	2.5	627
RRPT0001	114.9	121	6.1	0.01	0.32	179
includes	115.1	116	0.9	0.02	1.3	941
RRPT0001	338	380	42	0.20	0.05	57
includes	338	339	1	1.1	0.05	15
	351.5	351.7	0.2	5.0	0.05	13
	369.9	370.3	0.4	1.84	0.2	133
	379	380	1	1.46	0.05	31

Notes:

cut-off grade of 0.1g/t Au, 0.1g/t Ag and 60ppm Cu no high grade cuts applied down hole widths reported internal dilution included up to 7m based on Au (g/t),

Table 4: Significant Mineralised Intervals in RRPT0002

Hole ID	From (m)	To (m)	Interval Length (m)	Mineralisation Description with Sulphide % (Visual Estimate)
				quartz-carbonate-sulphide veining containing banded chalcopyrite and
RRPT0002	69.9	73.5	3.6	disseminated pyrite (Cpy-Py). Ground mass 1%. Includes from 70.9m-
				71m banded pyrite (Py) 40%
RRPT0002	104.6	107.9	3.3	quartz-sulphide veining with disseminated chalcopyrite and pyrite (Cpy-Py) 1%

Cpy: Chalcopyrite Py: Pyrite

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