RONIN RESOURCES LTD - Annual Report 2024

==> picture [57 x 34] intentionally omitted <==

Ronin Resources Ltd ABN 30 625 330 878

Annual Report - 30 June 2024

Ronin Resources Ltd
Contents
30 June 2024
Corporate directory	2
Directors' report	3
Auditor's independence declaration	16
Statement of profit or loss and other comprehensive income	17
Statement of financial position	18
Statement of changes in equity	19
Statement of cash flows	20
Notes to the financial statements	21
Consolidated entity disclosure statement	32
Directors' declaration	33
Independent auditor's report to the members of Ronin Resources Ltd	34
Shareholder information	36

Ronin Resources Ltd Corporate directory 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Directors Joseph van den Elsen – Executive Chairman Marnus Bothma - Non-executive Director Nicholas Young - Non-executive Director Company secretary Justin Mouchacca Registered office Level 21, 459 Collins Street Melbourne VIC 3000 Ph: (03) 8630 3321 Principal place of business Level 21, 459 Collins Street Melbourne VIC 3000 Share register Automic Registry Services Level 5 126 Philip Street Sydney NSW 2010 Ph: (02) 9698 5414 Auditor William Buck Level 20, 181 William Street Melbourne, Victoria 3000 Stock exchange listing Ronin Resources Ltd shares are listed on the Australian Securities Exchange (ASX code: RON) Website https://roninresources.com.au/ Corporate Governance Statement The Company’s 2024 Corporate Governance Statement has been released to ASX on this day and is available on the Company’s website at: https://roninresources.com.au/investor/

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

The directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'consolidated entity') consisting of Ronin Resources Ltd (referred to hereafter as the 'company' or 'parent entity') and the entities it controlled at the end of, or during, the year ended 30 June 2024.

Directors

The following persons were directors of Ronin Resources Ltd during the whole of the financial year and up to the date of this report, unless otherwise stated:

Joseph van den Elsen (Executive Chairman) Matthew Keen (Non-executive Director) - resigned 21 March 2024 Wilson Escobar Castaneda (Non-executive Director) - resigned 5 July 2023 Marnus Bothma (Non-executive Director) - appointed 5 July 2023 Nicholas Young (Non-executive Director) - appointed 21 March 2024

Principal activities

During the financial year the principal activities of the consolidated entity consisted of:

exploration and evaluation activities on the Company's Vetas and Santa Rosa Projects;
exploration and evaluation activities on the Company's Ontario Projects;

Dividends

There were no dividends paid, recommended or declared during the current or previous financial year.

Review of operations

Financial Performance

The total comprehensive loss for the consolidated entity after providing for income tax amounted to $1,166,491 (June 2023: $621,197).

The increase in loss for the current full year period was a result of the Company’s accounting policy with respect to exploration and evaluation expenses which are currently expensed through the statement of profit or loss and other comprehensive income. During the financial year, the Company issued 3,200,000 fully paid ordinary shares for the acquisition of Ontario Battery Metals Pty Ltd which had a deemed value of $480,000. This amount is included in the statement of profit or loss and other comprehensive income in the exploration and evaluation expenses, within the total of $756,490.

Financial position

The net assets to the consolidated entity as at 30 June 2024 was $3,171,046 (2023: $3,892,511). The main reason for the decrease in net assets related to the use of cash for exploration which is expensed through the profit and loss and not capitalised on the balance sheet.

Cashflow

Included in the Statement of cashflows during the financial year ended 30 June 2024 is $18,000 which was paid in relation to a capital raising which was completed late in the 2023 financial year. The timing of payments resulted in the cash payment being processed in the current financial year.

Operational review

During the period the Company continued its efforts to initiate drill testing of the Vetas Project and remains committed to doing so when circumstances allow (the timeframe for which is currently unclear). In the intervening period, the Company’s focus has shifted to the advancement of the Hornby Lake Lithium Project and the evaluation and assessment of new business development opportunities. The Company continued the review of a potential 2024 field program to target the south-western portion of the Hornby Lake Project area.

During the period the Company completed a maiden field exploration program at the 100% owned Hornby Lake Lithium Project. Assays received confirm the presence of fractionated LCT-type pegmatites with anomalism consistent with fertile granites in Ontario, however no lithium mineralisation was present in the pegmatites encountered.

The Company also remains actively engaged in the evaluation and assessment of complementary new business development opportunities.

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Significant changes in the state of affairs

On 5 July 2023, the Company completed the acquisition of the Hornsby Lake Lithium Project, a 123 km2 package of contiguous lithium exploration claims located in Ontario, Canada. To acquire the project the Company paid $50,000 and issued 3,200,000 fully paid ordinary shares to the vendors.

On 5 July 2023 Wilson Escobar Castaneda resigned from the Board of Directors and experienced geologist Marnus Bothma was appointed as a Non-executive Director.

On 11 August 2023, the Company staked an additional 165 claims, expanding the total project area to 156km2 following CSA’s initial desktop review of the Hornby Lake Lithium Project.

On 21 March 2024 Matthew Keen resigned from the Board of Directors and Nicholas Young was appointed as a Non-executive Director.

There were no other significant changes in the state of affairs of the consolidated entity during the financial year.

Matters subsequent to the end of the financial year

No other matter or circumstance has arisen since 30 June 2024 that has significantly affected, or may significantly affect the consolidated entity's operations, the results of those operations, or the consolidated entity's state of affairs in future financial years.

Likely developments and expected results of operations

The success of the Company will depend on exploration activities proposed to be carried out on the Company’s current project areas of interest which have been acquired or granted over time.

The Company continually reviews new potential project opportunities and if the Directors are successful in acquiring new projects or entering into a joint venture, it is expected that part of the funding held by the Company may be directed to the purchase of that project and to the exploration and development plan for that project. It may be that additional cash will be required to fund any of these events should they eventuate. In that case the Directors will be required to review the funding options available to the Company.

Business risk management

The Company is committed to the effective management of risk to reduce uncertainty in the Company’s business outcomes and to protect and enhance shareholder value. There are various risks that could have a material impact on the achievement of the Company’s strategic objectives and future prospects.

Key risks and mitigation activities associated with the Company's objectives are set out below:

Exploration risk

The Company’s projects are at various stages of exploration, and potential investors should understand that mineral exploration is a high-risk undertaking. There can be no assurance that exploration of these projects, or any other tenements that may be acquired in the future, will result in the discovery of an economic mineral deposit.

The future exploration activities of the Company may be affected by a range of factors including geological conditions, limitations on activities due to seasonal weather patterns, unanticipated operational and technical difficulties, industrial and environmental accidents, local title processes, changing government regulations and many other factors beyond the control of the Company.

In addition, the tenements forming the projects of the Company may include various restrictions excluding, limiting or imposing conditions upon the ability of the Company to conduct exploration activities. While the Company will formulate its exploration plans to accommodate and work within such access restrictions, there is no guarantee that the Company will be able to satisfy such conditions on commercially viable terms, or at all.

The Company uses a number of exploration techniques in order to reduce the level of exploration risks and continues to explore new and innovative technologies through its day to day operations.

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Regulatory risk

The Company’s mining and exploration activities are dependent upon the maintenance (including renewal) of the tenements in which the Company has or acquires an interest. Maintenance of the Company’s tenements is dependent on, among other things, the Company’s ability to meet the licence conditions imposed by relevant authorities. Although the Company has no reason to think that the tenements in which it currently has an interest will not be renewed, there is no assurance that such renewals will be given as a matter of course and there is no assurance that new conditions will not be imposed by the relevant authority or whether the Company will be able to meet the conditions of renewal on commercially reasonable terms, if at all.

The Company works with local government and mining departments to ensure it meets the required level of reporting requirements and to reduce any potential for breach of regulatory requirements.

Future funding risk

The Company has no operating revenue and is unlikely to generate any operating revenue in the foreseeable future. Exploration and development costs and pursuit of its business plan will use funds from the Company's current cash reserves and the amount raised under the Equity Offer.

The development of one or more of its projects may require the Company to raise capital in excess of the funds proposed to be raised under the Equity Offer.

Any additional equity financing may be dilutive to Shareholders, may be undertaken at lower prices than the then market price (or Offer Price) or may involve restrictive covenants which limit the Company's operations and business strategy. Debt financing, if available, may involve restrictions on financing and operating activities.

Although the Directors believe that additional capital can be obtained, no assurances can be made that appropriate capital or funding, if and when needed, will be available on terms favourable to the Company or at all. If the Company is unable to obtain additional financing as needed, it may be required to reduce the scope of its activities, and this could have a material adverse effect on the Company's activities and could affect the Company's ability to continue as a going concern. The Company’s funding requirements are reviewed on a regular basis in order to mitigate future funding risk.

Land Access

Colombian law provides that the government owns all subsoil and non-renewable natural resources in Colombia and Colombian mining concessions do not grant the holder any surface rights. The holder of a mining concession can come to an agreement with surface rights holders for the purpose of conducting mining operations, which may include the payment of remuneration or compensation. If such agreement cannot be reached, Colombian law provides for mandatory easements over land to ensure the efficient exploration and exploitation of legal mining titles and further provides authority to impose appropriate easements as necessary both within and external to the area the subject of a Colombian mining concession.

During the application process for a mining concession, the applicant may conduct mineral prospection activities without any limitation, without the need to secure any additional permits or authorisations, for so long as the applicant’s prospection does not require the use of natural resources (i.e., use of water, deforestation, etc.). The exploration activities contemplated by the Company over the area the subject of the applications is limited to desktop studies, superficial studies, geophysics and community engagement accordingly no third-party consents are required to conduct these exploration activities. Upon grant of the applications, should the Company wish to progress to surface disturbing activities such as drilling, a land access agreement and negotiations in relation to surface rights with the local community and/or landowners would be required.

There is no assurance that these surface rights and/or land access agreements will be obtained or if they are obtained, that they will be obtained on reasonable terms. Failure to obtain surface rights or the relevant land access agreements would adversely affect the ability to mine on the Projects or other projects acquired by the Company in the future.

Notwithstanding the above, where private negotiations with the landowner are unsuccessful for surface rights, expropriation and the compulsory imposition of easements or right-of-way’s are available under Colombian law.

The Company continues to engage with land owners to mitigate this risk and is currently in the process of negotiating access for its planned exploration activities.

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Environmental regulation

The consolidated entity holds participating interests in a number of exploration tenements. The various authorities granting such tenements require the tenement holder to comply with the terms of the grant of the tenement and all directions given to it under those terms of the tenement. To the best of the Directors' knowledge, the Group has adequate systems in place to ensure compliance with the requirements of all environmental legislation described above and are not aware of any breach of those requirements during the financial year and up to the date of the Directors' report.

Information on directors

Information on directors
Name:	Joseph van den Elsen
Title:	Executive Chairman
Qualifications:	BA, LLB, Grad Dip Environment, Energy & Resources Law and Grad Dip Mineral
	Exploration Geoscience
Experience and expertise:	Mr Joseph van den Elsen is a dual Australian/Colombian citizen who currently serves
	as the President & CEO of Pampa Metals (CSE:PM). Prior to founding Ronin Resources,
	he held executive positions with ASX Listed MHM Metals and Hampshire Mining.
	Previously Joseph was an Associate Director with UBS and held a comparable position
	with Goldman Sachs JBWere. Joseph graduated from LaTrobe University with a
	Bachelor of Arts and a Bachelor of Laws and later graduated from the University of
	Melbourne with a Graduate Diploma in Environment, Energy and Resources Law and
	from Curtin University with a Graduate Diploma in Mineral Exploration Geoscience.
	Joseph is currently studying towards a Master of Science (Mineral Economics) through
	Curtin University.
	Joseph van den Elsen is an experienced company director having been a Non-
	Executive Director of Ascot Resources Ltd (ASX:AZQ), OAR Resources Ltd
	(ASX:OAR), Arcadia Minerals Limited (ASX: AM7), the Non-Executive Chairman and
	subsequently Managing Director of MHM Metals Ltd (ASX:MHM) and also previously
	serving as the Managing Director of Ookami Limited (ASX:OOK).
Other current directorships:	Pampa Metals (CNSX:PM)
Former directorships (last 3 years):	OAR Resources (ASX:OAR) - resigned 1 February 2022
	Arcadia Minerals Limited (ASX: AM7) - resigned 24 September 2021
	Ookami Limited (ASX:OOK) - resigned 5 September 2023
Interests in shares:	1,473,244 Fully paid ordinary shares
Interests in options:	Nil
Interests in rights:	200,000 performance rights
Name:	Matthew Keen - resigned 21 March 2024
Title:	Non-executive Director
Qualifications:	B. Eng. (Hons)
Experience and expertise:	Matthew has over 20 years of broad-based commercial experience across the
	engineering, finance and corporate sectors and is currently employed as the Chief
	Investment Officer of Fitzpatrick Group, sharing responsibility for the day to day running
	of its investment portfolio.
	Previously Matthew held roles including General Manager of Corporate Development at
	Whitehaven Coal, Managing Director of MHM Metals and Queen Street Capital, Wealth
	Advisor at UBS and General Manager of Switchgear and Instrumentation Hong Kong.
	During his career Matthew has been heavily involved in M&A activities both inhouse and
	as an external advisor as well as facilitating and setting corporate strategy for listed
	companies Whitehaven Coal and MHM Metals. Matthew is currently a Non-Executive
	Director of Alloggio Limited (ASX: ALO).
Other current directorships:	Alloggio Group Limited (ASX: ALO) - appointed 2 August 2021
Former directorships (last 3 years):	None
Interests in shares:	268,588 Fully paid ordinary shares
Interests in options:	Nil
Interests in rights:	Nil

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Name:	Wilson Escobar Castaneda - resigned 5 July 2023
Title:	Non-executive Director
Qualifications:	B. Geo., Post Graduate Project Management
Experience and expertise:	Mr Wilson Escobar is a Colombian National geologist with over 20 years’ experience in
	mineral exploration and mine optimisation. Mr Escobar started his career working for
	Cerrejon (the BHP, Anglo American and Glencore Joint Venture) in Colombia and has
	also worked for Vale, Anglo American and South 32 in Colombia, Brazil and South
	Africa. Wilson is accredited under the JORC Code for the purposes of certifying Coal
	Exploration Targets and Ferro-Nickel Mineral Resource Estimates.
Other current directorships:	None
Former directorships (last 3 years):	None
Interests in shares:	370,385 Fully paid ordinary shares
Interests in options:	Nil
Interests in rights:	Nil
Name:	Marnus Bothma - appointed 5 July 2023
Title:	Non-executive Director
Qualifications:	B. Geo.
Experience and expertise:	Mr Bothma is a qualified geologist and company executive who is experienced in early
	exploration of mining assets through to production, having conducted numerous
	technical programs in Australia, Canada and Korea. Mr Bothma was the founding
	director and CEO of Peak Iron Mines, a privately owned iron ore mining company with
	operations in South Australia exporting through Whyalla. Mr Bothma also founded and
	(until mid 2022) was the Managing Director of Northern Iron Pty Ltd, which acquired and
	operates the Warrego tailings rehabilitation project in the Northern Territory. Mr Bothma
	has also served as non-executive director on the board of ASX listed company Chase
	Mining Ltd (ASX:CLM)
Other current directorships:	None
Former directorships (last 3 years):	Chase Mining Ltd (ASX:CLM)
Interests in shares:	166,668 Fully paid ordinary shares
Interests in options:	Nil
Interests in rights:	Nil
Name:	Nicholas Young - appointed 21 March 2024
Title:	Non-executive Director
Qualifications:	B. Comm, CA
Experience and expertise:	Mr Young holds a Bachelor of Commerce, majoring in Accounting and Finance, is a
	Chartered Accountant and has completed the Insolvency Education Program at the
	Australian Restructuring Insolvency and Turnaround Association.
	Mr Young commenced his career in Corporate Restructuring and more recently has
	provided corporate advisory services to ASX listed companies across a wide range of
	industries, including mining and exploration, mining services, renewable energy,
	professional services, manufacturing and transport.
Other current directorships:	None
Former directorships (last 3 years):	None
Interests in shares:	250,000 Fully paid ordinary shares
Interests in options:	Nil
Interests in rights:	Nil

'Other current directorships' quoted above are current directorships for listed entities only and excludes directorships of all other types of entities, unless otherwise stated.

'Former directorships (last 3 years)' quoted above are directorships held in the last 3 years for listed entities only and excludes directorships of all other types of entities, unless otherwise stated.

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Company secretary

Justin Mouchacca, B. Bus (Acc), CA

Mr Mouchacca is a qualified Chartered Accountant with over 17 years' experience in public company responsibilities including statutory, corporate governance and financial reporting requirements. He graduated from RMIT University in 2008 obtaining with Bachelor of Business majoring in Accounting. Mr Mouchacca completed the Chartered Accountants Program in 2011 and has been appointed Company Secretary and Financial officer for a number entities listed on the Australian Stock Exchange. He specialises in the preparation of listing companies on stock exchanges, Corporations Act legislation, corporate governance policies, statutory report writing requirements, AGM and EGM requirements and assistance in the preparation of Prospectuses, information memorandums and other disclosure documents.

Meetings of directors

The number of meetings of the company's Board of Directors ('the Board') held during the year ended 30 June 2024, and the number of meetings attended by each director were:

	Full Board
	Attended	Held
Joseph van den Elsen	3		3
Matthew Keen**	3		3
Wilson Escobar Castaneda*	-		-
Marnus Bothma*	3		3
Nicholas Young**	-		-

Held: represents the number of meetings held during the time the director held office.

Wilson Escobar Castaneda resigned and Marnus Bothma appointed on 5 July 2023
** Matthew Keen resigned and Nicholas Young appointed on 21 March 2024

Due to the size and nature of the Company, the Board fulfils the role of both the Audit & Risk Committee and Nomination & Remunerations Committee.

Remuneration report (audited)

The remuneration report details the key management personnel remuneration arrangements for the consolidated entity, in accordance with the requirements of the Corporations Act 2001 and its Regulations.

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including all directors.

The remuneration report is set out under the following main headings:

Principles used to determine the nature and amount of remuneration
Details of remuneration
Service agreements
Share-based compensation
Additional information
Additional disclosures relating to key management personnel

Principles used to determine the nature and amount of remuneration

The objective of the consolidated entity's executive reward framework is to ensure reward for performance is competitive and appropriate for the results delivered. The framework aligns executive reward with the achievement of strategic objectives and the creation of value for shareholders, and it is considered to conform to the market best practice for the delivery of reward. The Board of Directors ('the Board') ensures that executive reward satisfies the following key criteria for good reward governance practices:

competitiveness and reasonableness
acceptability to shareholders
performance linkage / alignment of executive compensation
Transparency

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

The Board is responsible for determining and reviewing remuneration arrangements for its directors and executives. The performance of the company depends on the quality of its directors and executives. The remuneration philosophy is to attract, motivate and retain high performance and high-quality personnel.

The Board has structured an executive remuneration framework that is market competitive and complementary to the reward strategy of the company.

The reward framework is designed to align executive reward to shareholders' interests. The Board have considered that it should seek to enhance shareholders' interests by:

having financial performance as a core component of plan design; and
focusing on sustained growth in shareholder wealth, consisting of dividends and growth in share price, and delivering constant or increasing return on assets as well as focusing the executive on key non-financial drivers of value.
attracting and retaining high calibre executives

Additionally, the reward framework should seek to enhance executives' interests by:

rewarding capability and experience
reflecting competitive reward for contribution to growth in shareholder wealth
providing a clear structure for earning rewards

In accordance with best practice corporate governance, the structure of non-executive director and executive director remuneration is separate.

Non-executive directors’ remuneration

Fees and payments to non-executive directors reflect the demands and responsibilities of their role. Non-executive directors' fees and payments are reviewed annually by the Board as a whole. The chairman's fees are determined independently to the fees of other non-executive directors based on comparative roles in the external market. The chairman is not present at any discussions relating to the determination of his own remuneration.

ASX listing rules require the aggregate non-executive directors' remuneration be determined periodically by a general meeting. The most recent determination was at a General Meeting held on March 2021, where the shareholders approved a maximum annual aggregate remuneration of $250,000.

Executive remuneration

The consolidated entity aims to reward executives based on their position and responsibility, with a level and mix of remuneration which has both fixed and variable components.

The executive remuneration and reward framework has two components:

base pay and non-monetary benefits
share-based payments

The combination of these comprises the executive's total remuneration.

Fixed remuneration, consisting of base salary, superannuation and non-monetary benefits, are reviewed annually by the Board based on individual and business unit performance, the overall performance of the consolidated entity and comparable market remunerations.

The long-term incentives ('LTI') include share-based payments. During the 2022 financial year, performance rights were issued to directors which formed part of their remuneration

The Company did not use any external remuneration consultants during the financial year.

Consolidated entity performance and link to remuneration

The remuneration of directors and executives are not linked to the performance, share price or earnings of the consolidated entity.

Details of remuneration

Amounts of remuneration

Details of the remuneration of key management personnel of the consolidated entity are set out in the following tables.

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

The key management personnel of the consolidated entity consisted of the following directors of Ronin Resources Ltd:
Joseph van den Elsen (Executive Chairman)
Matthew Keen (Non-executive Director) - resigned 21 March 2024
Wilson Escobar Castaneda (Non-executive Director) - resigned 5 July 2023
Marnus Bothma (Non-executive Director) - appointed 5 July 2023
Nicholas Young (Non-executive Director) - appointed 21 March 2024

2024 Non-Executive Directors: Matthew Keen Wilson Escobar Castaneda Marnus Bothma Nicholas Young Executive Directors: Joseph van den Elsen	Short-term benefits Cash salary Consulting Non- and fees fees monetary $ $ $ 24,545 - - - - - 32,727 54,000 - 8,980 - - 99,000 - - 165,252 54,000 -	Short-term benefits Cash salary Consulting Non- and fees fees monetary $ $ $ 24,545 - - - - - 32,727 54,000 - 8,980 - - 99,000 - - 165,252 54,000 -	Short-term benefits Cash salary Consulting Non- and fees fees monetary $ $ $ 24,545 - - - - - 32,727 54,000 - 8,980 - - 99,000 - - 165,252 54,000 -	Post- employment benefits Super- annuation $ 2,455 - 3,273 988 -	Long-term benefits Long service leave $ - - - - -	Share- based payments Equity- settled $ - - - - -	Total $ 27,000 - 90,000 9,968 99,000
	165,252	54,000	-	6,716	-	-	225,968

Wilson Escobar Castaneda resigned and Marnus Bothma appointed on 5 July 2023
** Matthew Keen resigned and Nicholas Young appointed on 21 March 2024

2023 Non-Executive Directors: Matthew Keen Wilson Escobar Castaneda* Executive Directors: Joseph van den Elsen	Short-term benefits Cash salary Cash Non- and fees bonus monetary $ $ $ 32,579 - - 36,000 - - 120,000 - - 188,579 - -	Short-term benefits Cash salary Cash Non- and fees bonus monetary $ $ $ 32,579 - - 36,000 - - 120,000 - - 188,579 - -	Short-term benefits Cash salary Cash Non- and fees bonus monetary $ $ $ 32,579 - - 36,000 - - 120,000 - - 188,579 - -	Post- employment benefits Super- annuation $ 3,421 - -	Long-term benefits Long service leave $ - - -	Share- based payments Equity- settled $ - - -	Total $ 36,000 36,000 120,000
	188,579	-	-	3,421	-	-	192,000

Wilson Escobar Castaneda resigned and Marnus Bothma appointed on 5 July 2023

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

The proportion of remuneration linked to performance and the fixed proportion are as follows:

	Fixed remuneration	Fixed remuneration	At risk - STI	At risk - STI		At risk - LTI	At risk - LTI
Name	2024	2023	2024	2023		2024	2023
Non-Executive Directors:
Matthew Keen	100%	100%		-	-		-	-
Wilson Escobar Castaneda	-	100%		-	-		-	-
Marnus Bothma	100%	-		-	-		-	-
Nicholas Young	100%	-		-	-		-	-
Executive Directors:
Joseph van den Elsen	100%	100%		-	-		-	-

Service agreements

There were no service agreements with Directors or key management personnel as at the end of the financial year.

Share-based compensation

Issue of shares

There were no shares issued to directors and other key management personnel as part of compensation during the year ended 30 June 2024.

Options

There were no options over ordinary shares issued to directors and other key management personnel as part of compensation that were outstanding as at 30 June 2024.

Performance rights

The terms and conditions of each grant of performance rights over ordinary shares affecting remuneration of directors and other key management personnel in this financial year or future reporting years are as follows:

					Share
	Number of				price	Fair value
	rights	Vesting status	Vesting date and		hurdle for	per right
						at grant
Grant date	granted		exercisable date	Expiry date	vesting	date
		Not yet vested and	Subject to vesting conditions
08/07/2021	66,666	exercisable		14/12/2024	$0.265	$0.1066
		Not yet vested and	Subject to vesting conditions
08/07/2021	66,667	exercisable		14/12/2024	$0.33	$0.1011
		Not yet vested and	Subject to vesting conditions
08/07/2021	66,667	exercisable		14/12/2024	$0.40	$0.0958

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

During the 2022 financial year the Company issued 200,000 performance rights (post consolidation amount) to the Company's Executive Chairman with various performance conditions. The vesting charge was fully recognised during the 2022 financial year and will expire 3 years following the admission of the company's securities to the Australian Stock Exchange. The performance rights were split into 3 tranches and contain the respective conditions attached:

66,666 Class A Performance Rights have the following milestones within the relevant Milestone Deadlines which are yet to be achieved:
(a) the Company’s volume weighted average share price ( VWAP ) for a consecutive period of 20 trading days being equal to or greater than $0.265 (26.5 cents) ( VWAP Milestone 1 ); and
(b) the Executive completing 12 months continuous service to the Company from the date of admission of the Company’s securities to the Australian Stock Exchange ( ASX ) ( Admission Date ) ( Service Milestone 1 ).
66,666 Class B Performance Rights have the following milestones within the relevant Milestone Deadlines which are yet to be achieved:
(a) the Company’s volume weighted average share price ( VWAP ) for a consecutive period of 20 trading days being equal to or greater than $0.33 (33 cents) ( VWAP Milestone 2 ); and
(b) the Executive completing 24 months continuous service to the Company from the date of admission of the Company’s securities to the Australian Stock Exchange ( ASX ) ( Admission Date ) ( Service Milestone 2 ).
66,667 Class C Performance Rights have the following milestones within the relevant Milestone Deadlines which are yet to be achieved:
(a) the Company’s volume weighted average share price ( VWAP ) for a consecutive period of 20 trading days being equal to or greater than $0.40 (40 cents) ( VWAP Milestone 3 ); and
(b) the Executive completing 36 months continuous service to the Company from the date of admission of the Company’s securities to the Australian Stock Exchange ( ASX ) ( Admission Date ) ( Service Milestone 3 ).

Performance rights granted carry no dividend or voting rights.

Additional information

The earnings of the consolidated entity for the three years to 30 June 2024 are summarised below:

	2024	2023	2022
	$	$	$
Revenue	79,776	35,951	1,815
Net profit/(loss) before income tax	(1,166,491)	(621,197)	(503,440)
Remuneration of Directors	225,968	192,000	132,228
The factors that are considered to affect total shareholders return ('TSR') are summarised below:
	2024	2023	2022
Share price at start of financial year ($)*	0.16	0.13	0.20
Share price at end of financial year ($)	0.12	0.16	0.13
Basic earnings per share (cents per share)	(3.06)	(1.96)	(2.50)

The Company was listed during the 2022 financial year and as such there is no historical share price information.

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Additional disclosures relating to key management personnel

Shareholding

The number of shares in the company held during the financial year by each director and other members of key management personnel of the consolidated entity, including their personally related parties, is set out below:

Ordinary shares Joseph van den Elsen Matthew Keen Wilson Escobar Castaneda Marnus Bothma Nicholas Young	Balance at the start of the year 1,473,244 268,588 370,385 - 250,000	Received as part of remuneration - - - - -	Additions On-market purchases - - - - -	Disposals/ other - - (370,385) 166,668 -	Balance at the end of the year 1,473,244 268,588 - 166,668 250,000
	2,362,217	-	-	(203,717)	2,158,500

Wilson Escobar Castaneda resigned and Marnus Bothma appointed on 5 July 2023
** Matthew Keen resigned and Nicholas Young appointed on 21 March 2024

Option holding

The number of options over ordinary shares in the company held during the financial year by each director and other members of key management personnel of the consolidated entity, including their personally related parties, is set out below:

Options over ordinary shares Joseph van den Elsen Matthew Keen Wilson Escobar Castaneda Marnus Bothma Nicholas Young	Balance at the start of the year 481,250 200,000 200,000 - -	Granted - - - - -	Exercised - - - - -	Expired/ forfeited/ other (481,250) (200,000) (200,000) - -	Balance at the end of the year - - - - -
	881,250	-	-	(881,250)	-

Wilson Escobar Castaneda resigned and Marnus Bothma appointed on 5 July 2023
** Matthew Keen resigned and Nicholas Young appointed on 21 March 2024

The options noted above lapsed during the Financial Year and they were previously issued to Directors during the 2021 financial year.

Performance rights holding

The number of performance rights over ordinary shares in the company held during the financial year by each director and other members of key management personnel of the consolidated entity, including their personally related parties, is set out below:

Performance rights over ordinary shares Joseph van den Elsen	Balance at the start of the year 200,000	Granted -	Vested -	Expired/ forfeited/ other -	Balance at the end of the year 200,000
	200,000	-	-	-	200,000

This concludes the remuneration report, which has been audited.

Shares under option

There were no unissued ordinary shares of Ronin Resources Ltd under option outstanding at the date of this report.

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Shares under performance rights

Unissued ordinary shares of Ronin Resources Ltd under performance rights at the date of this report are as follows:

Exercise Grant date Expiry date price 08/07/2021 14/12//2024 $0.265 08/07/2021 14/12/2024 $0.33 08/07/2021 14/12/2024 $0.40	Number under rights 66,666 66,667 66,667
	200,000

No person entitled to exercise the performance rights had or has any right by virtue of the performance right to participate in any share issue of the company or of any other body corporate.

During the 2022 financial year the Company issued 200,000 performance rights (post consolidation amount) to the Company's Executive Chairman with various performance conditions. The performance rights will expire 3 years following admission of the company's securities to the Australian Stock Exchange. Refer to Note 23 for further information on vesting conditions.

Shares issued on the exercise of options

There were no ordinary shares of Ronin Resources Ltd issued on the exercise of options during the year ended 30 June 2024 and up to the date of this report.

Shares issued on the exercise of performance rights

There were no ordinary shares of Ronin Resources Ltd issued on the exercise of performance rights during the year ended 30 June 2024 and up to the date of this report.

Indemnity and insurance of officers

The company has agreed to indemnify all the directors of the company for any liabilities to another person (other than the company or related body corporate) that may arise from their position as directors of the company, except where the liability arises out of conduct involving a lack of good faith.

During the financial year, the company paid a premium in respect of a contract to insure the directors and executives of the company against a liability to the extent permitted by the Corporations Act 2001. The contract of insurance prohibits disclosure of the nature of the liability and the amount of the premium.

Indemnity and insurance of auditor

The company has not, during or since the end of the financial year, indemnified or agreed to indemnify the auditor of the company or any related entity against a liability incurred by the auditor.

During the financial year, the company has not paid a premium in respect of a contract to insure the auditor of the company or any related entity.

Proceedings on behalf of the company

No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of the company, or to intervene in any proceedings to which the company is a party for the purpose of taking responsibility on behalf of the company for all or part of those proceedings.

Non-audit services

There were no non-audit services provided during the financial year by the auditor.

Officers of the company who are former partners of William Buck

There are no officers of the company who are former partners of William Buck.

Auditor's independence declaration

A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out immediately after this directors' report.

Auditor

William Buck continues in office in accordance with section 327 of the Corporations Act 2001 .

Ronin Resources Ltd Directors' report 30 June 2024

==> picture [57 x 34] intentionally omitted <==

This report is made in accordance with a resolution of directors, pursuant to section 298(2)(a) of the Corporations Act 2001 .

On behalf of the directors

==> picture [61 x 55] intentionally omitted <==

_________Joseph van den Elsen Executive Chairman

30 September 2024 Melbourne

==> picture [154 x 38] intentionally omitted <==

Lead Auditor’s Independence Declaration under Section 307C of the Corporations Act 2001

To the directors of Ronin Resources Ltd

As lead auditor for the audit of Ronin Resources Ltd for the year ended 30 June 2024, I declare that, to the best of my knowledge and belief, there have been:

no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and
no contraventions of any applicable code of professional conduct in relation to the audit.

This declaration is in respect of Ronin Resources Ltd and the entities it controlled during the period.

William Buck Audit (Vic) Pty Ltd ABN 59 116 151 136

J. C. Luckins

Director

Melbourne, 30 September 2024

Level 20, 181 William Street, Melbourne VIC 3000

+61 3 9824 8555

[email protected] williambuck.com.au

William Buck is an association of firms, each trading under the name of William Buck across Australia and New Zealand with affiliated offices worldwide. Liability limited by a scheme approved under Professional Standards Legislation.

Ronin Resources Ltd Statement of profit or loss and other comprehensive income For the year ended 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note Revenue Interest Income Expenses Exploration and evaluation expenses Corporate and administration expenses Loss before income tax expense Income tax expense Loss after income tax expense for the year attributable to the owners of Ronin Resources Ltd Other comprehensive income Items that may be reclassified subsequently to profit or loss Foreign currency translations Other comprehensive income for the year, net of tax Total comprehensive income for the year attributable to the owners of Ronin Resources Ltd Basic earnings per share 16 Diluted earnings per share 16	Consolidated 2024 2023 $ $ 79,776 35,951 (756,490) (264,696) (489,777) (392,452) (1,166,491) (621,197) - - (1,166,491) (621,197) (16,974) 26,687 (16,974) 26,687 (1,183,465) (594,510) Cents Cents (3.17) (1.96) (3.17) (1.96)	Consolidated 2024 2023 $ $ 79,776 35,951 (756,490) (264,696) (489,777) (392,452) (1,166,491) (621,197) - - (1,166,491) (621,197) (16,974) 26,687 (16,974) 26,687 (1,183,465) (594,510) Cents Cents (3.17) (1.96) (3.17) (1.96)
	(1,166,491) -	(621,197) -
	(1,166,491) (16,974)	(621,197) 26,687
	(16,974)	26,687
	(1,183,465)	(594,510)
	Cents (3.17) (3.17)	Cents (1.96) (1.96)

The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes

Ronin Resources Ltd Statement of financial position As at 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note Assets Current assets Cash and cash equivalents Trade and other receivables Prepayments Total current assets Total assets Liabilities Current liabilities Trade and other payables Total current liabilities Total liabilities Net assets Equity Issued capital 5 Reserves Accumulated losses Total equity	Consolidated 2024 2023 $ $ 3,172,254 3,935,449 33,911 10,014 - 28,622 3,206,165 3,974,085 3,206,165 3,974,085 35,119 81,574 35,119 81,574 35,119 81,574 3,171,046 3,892,511 6,691,416 6,229,416 25,897 105,567 (3,546,267) (2,442,472) 3,171,046 3,892,511	Consolidated 2024 2023 $ $ 3,172,254 3,935,449 33,911 10,014 - 28,622 3,206,165 3,974,085 3,206,165 3,974,085 35,119 81,574 35,119 81,574 35,119 81,574 3,171,046 3,892,511 6,691,416 6,229,416 25,897 105,567 (3,546,267) (2,442,472) 3,171,046 3,892,511
	3,206,165	3,974,085
	3,206,165	3,974,085
	35,119	81,574
	35,119	81,574
	35,119	81,574
	3,171,046	3,892,511
	6,691,416 25,897 (3,546,267)	6,229,416 105,567 (2,442,472)
	3,171,046	3,892,511

The above statement of financial position should be read in conjunction with the accompanying notes

Ronin Resources Ltd Statement of changes in equity For the year ended 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Issued capital $ 5,929,416 - -	Foreign currency translation reserve $ (4,044) - 26,687	Share based payment reserve $ 82,924 - -	Accumulated losses $ (1,821,275) (621,197) -	Total equity $ 4,187,021 (621,197) 26,687
- 300,000	26,687 -	- -	(621,197) -	(594,510) 300,000
6,229,416	22,643	82,924	(2,442,472)	3,892,511
Issued capital $ 6,229,416 - -	Foreign currency translation reserve $ 22,643 - (16,974)	Share based payment reserve $ 82,924 - -	Accumulated losses $ (2,442,472) (1,166,491) -	Total equity $ 3,892,511 (1,166,491) (16,974)
- 462,000 -	(16,974) - -	- - (62,696)	(1,166,491) - 62,696	(1,183,465) 462,000 -
6,691,416	5,669	20,228	(3,546,267)	3,171,046

The above statement of changes in equity should be read in conjunction with the accompanying notes

Ronin Resources Ltd Statement of cash flows For the year ended 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note Cash flows from operating activities Interest received Payments to suppliers and employees (inclusive of GST) Payments for exploration and evaluation expenses Net cash used in operating activities 15 Net cash from investing activities Cash flows from financing activities Proceeds from issue of shares 5 Capital raising costs Net cash from/(used in) financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents at the end of the financial year	Consolidated 2024 2023 $ $ 79,776 35,951 (462,442) (411,785) (345,555) (334,471) (728,221) (710,305) - - - 300,000 (18,000) - (18,000) 300,000 (746,221) (410,305) 3,935,449 4,319,068 (16,974) 26,686 3,172,254 3,935,449	Consolidated 2024 2023 $ $ 79,776 35,951 (462,442) (411,785) (345,555) (334,471) (728,221) (710,305) - - - 300,000 (18,000) - (18,000) 300,000 (746,221) (410,305) 3,935,449 4,319,068 (16,974) 26,686 3,172,254 3,935,449
	(728,221)	(710,305)

	-	-
	- (18,000)	300,000 -
	(18,000)	300,000
	(746,221) 3,935,449 (16,974)	(410,305) 4,319,068 26,686
	3,172,254	3,935,449

The above statement of cash flows should be read in conjunction with the accompanying notes

Ronin Resources Ltd Notes to the financial statements 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note 1. General information

The financial statements cover Ronin Resources Ltd, as a consolidated entity consisting of Ronin Resources Ltd and the entities it controlled at the end of, or during, the year. The financial statements are presented in Australian dollars, which is Ronin Resources Ltd's functional and presentation currency.

Ronin Resources Ltd is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business is:

Level 21, 459 Collins Street Melbourne VIC 3000

A description of the nature of the consolidated entity's operations and its principal activities are included in the directors' report, which is not part of the financial statements.

The financial statements were authorised for issue, in accordance with a resolution of directors, on 30 September 2024. The directors have the power to amend and reissue the financial statements.

Note 2. Material accounting policy information

The accounting policies that are material to the consolidated entity are set out below. The accounting policies adopted are consistent with those of the previous financial year, unless otherwise stated.

New or amended Accounting Standards and Interpretations adopted

The consolidated entity has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') that are mandatory for the current reporting year.

The adoption of these Accounting Standards and Interpretations did not have any significant impact on the financial performance or position of the Group.

Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.

Basis of preparation

These general-purpose financial statements have been prepared in accordance with Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') and the Corporations Act 2001 , as appropriate for for-profit oriented entities. These financial statements also comply with International Financial Reporting Standards as issued by the International Accounting Standards Board ('IASB').

Critical accounting estimates

The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the consolidated entity's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 3.

Parent entity information

In accordance with the Corporations Act 2001 , these financial statements present the results of the consolidated entity only. Supplementary information about the parent entity is disclosed in note 11.

Revenue recognition

The consolidated entity recognises revenue as follows:

Interest

Interest revenue is recognised as interest accrues using the effective interest method. This is a method of calculating the amortised cost of a financial asset and allocating the interest income over the relevant year using the effective interest rate, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to the net carrying amount of the financial asset.

Current and non-current classification

Assets and liabilities are presented in the statement of financial position based on current and non-current classification.

Ronin Resources Ltd Notes to the financial statements 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note 2. Material accounting policy information (continued)

An asset is classified as current when: it is either expected to be realised or intended to be sold or consumed in the consolidated entity's normal operating cycle; it is held primarily for the purpose of trading; it is expected to be realised within 12 months after the reporting period; or the asset is cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least 12 months after the reporting period. All other assets are classified as non-current.

A liability is classified as current when: it is either expected to be settled in the consolidated entity's normal operating cycle; it is held primarily for the purpose of trading; it is due to be settled within 12 months after the reporting period; or there is no unconditional right to defer the settlement of the liability for at least 12 months after the reporting period. All other liabilities are classified as non-current.

Deferred tax assets and liabilities are always classified as non-current.

Exploration expenditure

Exploration and evaluation expenditure incurred are expensed in full in the statement of profit or loss as they are incurred. Expenditure is capitalised as development expenditure when technical feasibility and commercial viability of extracting a mineral resource is established.

During the exploration stages the consolidated entity does not provide for site restoration costs due to the uncertainties around the timing of such commitments. However, cost of site restoration is provided for once a mine plan / production phase has commenced and a known mine plan is evident. Site restoration costs usually include the dismantling and removal of mining plant, equipment and building structures, waste removal, and rehabilitation of the site in accordance with clauses of the mining permits. Such costs have been determined using estimates of future costs, current legal requirements and technology. Costs are discounted back to present value, using an applicable cost of capital relevant to the consolidate entity and then amortised over the life of the mine. Any changes in the estimates for the costs are accounted on a prospective basis. In determining the costs of site restoration, there is uncertainty regarding the nature and extent of the restoration due to community expectations and future legislation. Accordingly, the costs are determined on the basis that the restoration will be completed within one period of abandoning the site.

New Accounting Standards and Interpretations not yet mandatory or early adopted

Australian Accounting Standards and Interpretations that have recently been issued or amended but are not yet mandatory, have not been early adopted by the consolidated entity for the annual reporting year ended 30 June 2024. The directors consider that none of these Standards or Interpretations will materially impact these or future financial statements of the consolidated entity.

Note 3. Critical accounting judgements, estimates and assumptions

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts in the financial statements. Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent liabilities, revenue and expenses. Management bases its judgements, estimates and assumptions on historical experience and on other various factors, including expectations of future events, management believes to be reasonable under the circumstances. The resulting accounting judgements and estimates will seldom equal the related actual results. The judgements, estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities (refer to the respective notes) within the next financial year are discussed below.

Share-based payment transactions

The consolidated entity measures the cost of equity-settled transactions with employees by reference to the fair value of the equity instruments at the date at which they are granted. The fair value is determined by using either the Trinomial or BlackScholes model taking into account the terms and conditions upon which the instruments were granted. The accounting estimates and assumptions relating to equity-settled share-based payments would have no impact on the carrying amounts of assets and liabilities within the next annual reporting year but may impact profit or loss and equity.

Ronin Resources Ltd Notes to the financial statements 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note 3. Critical accounting judgements, estimates and assumptions (continued)

Income tax

The consolidated entity is subject to income taxes in the jurisdictions in which it operates. Significant judgement is required in determining the provision for income tax. There are many transactions and calculations undertaken during the ordinary course of business for which the ultimate tax determination is uncertain. The consolidated entity recognises liabilities for anticipated tax audit issues based on the consolidated entity's current understanding of the tax law. Where the final tax outcome of these matters is different from the carrying amounts, such differences will impact the current and deferred tax provisions in the year in which such determination is made.

Non-recognition of carry forward tax losses

The balance of future income tax benefit arising from the current financial year tax losses and timing differences have not been recognised as an asset because it is not clear when the losses will be recovered. The cumulative future income tax benefit estimated has not been recognised as an asset, will only be obtained if:

(i) the company derives future assessable income of a nature and an amount sufficient to enable the benefit to be realised. (ii) the company continues to comply with the conditions for deductibility imposed by law; and (iii) no changes in tax legislation adversely affecting the company realising the benefit.

Colombian VAT refunds

A cost of doing business in Colombia is the requirement to pay 19% VAT on the majority of goods or services provided by third parties and a special 5% VAT rate on certain items. The VAT in Colombia is known as impuesto al valor agregrado (IVA) and it typically difficult to be able to claim back from the government authorities. The consolidated entity has not accounted for any VAT receivable for the financial year.

Exploration and evaluation costs

During the exploration stages the consolidated entity does not provide for site restoration costs due to the uncertainties around the timing of such commitments. However, cost of site restoration are provided for once a mine plan / production phase has commenced and a known mine plan is evident. Site restoration costs usually include the dismantling and removal of mining plant, equipment and building structures, waste removal, and rehabilitation of the site in accordance with clauses of the mining permits. Such costs have been determined using estimates of future costs, current legal requirements and technology. Costs are discounted back to present value, using an applicable cost of capital relevant to the consolidate entity and then amortised over the life of the mine. Any changes in the estimates for the costs are accounted on a prospective basis. In determining the costs of site restoration, there is uncertainty regarding the nature and extent of the restoration due to community expectations and future legislation. Accordingly, the costs are determined on the basis that the restoration will be completed within one period of abandoning the site.

Note 4. Operating segments

Identification of reportable operating segments

The consolidated entity has identified its operating segments based on the investment decisions of the board and used by the chief operating decision makers in assessing performance and in determining the allocation of resources. The consolidated entity operates in one segment being the evaluation and exploration of resources in the Colombia.

Ronin Resources Ltd Notes to the financial statements 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note 5. Equity - issued capital

Consolidated 2023 2024 Shares $ 33,625,010 6,6915,416	Consolidated 2023 2024 Shares $ 33,625,010 6,6915,416	2023 $ 6,229,416
Shares 31,625,010 2,000,000	Issue price $0.15 $0.15 -	$ 5,929,416 300,000
33,625,010 3,200,000 -		6,229,416 480,000 (18,000)
36,825,010		6,691,416

During the financial year, the Company issued 3,200,000 fully paid ordinary shares as (part) consideration for the acquisition of Ontario Battery Metals Pty Ltd. The remaining $50,000 cash consideration was also paid during the period.

Ordinary shares

Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the company in proportion to the number of and amounts paid on the shares held. The fully paid ordinary shares have no par value and the company does not have a limited amount of authorised capital.

On a show of hands every member present at a meeting in person or by proxy shall have one vote and upon a poll each share shall have one vote.

Share buy-back

There is no current on-market share buy-back.

Capital risk management

The consolidated entity's objectives when managing capital is to safeguard its ability to continue as a going concern, so that it can provide returns for shareholders and benefits for other stakeholders and to maintain an optimum capital structure to reduce the cost of capital.

Capital is regarded as total equity, as recognised in the statement of financial position, plus net debt. Net debt is calculated as total borrowings less cash and cash equivalents.

In order to maintain or adjust the capital structure, the consolidated entity may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt.

The consolidated entity would look to raise capital when an opportunity to invest in a business or company was seen as value adding relative to the current company's share price at the time of the investment. The consolidated entity is not actively pursuing additional investments in the short term as it continues to integrate and grow its existing businesses in order to maximise synergies.

Ronin Resources Ltd Notes to the financial statements 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note 6. Financial instruments

Financial risk management objectives

The consolidated entity’s activities expose it to a variety of financial risks: market risk and liquidity risk. The consolidated entity’s overall risk management program focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the financial performance of the consolidated entity. The consolidated entity uses different methods to measure different types of risk to which it is exposed. These methods include sensitivity analysis in the case of foreign exchange analysis in respect of investment portfolios to determine market risk.

Market risk

Foreign currency risk

The consolidated entity undertakes certain transactions denominated in foreign currency and is exposed to foreign currency risk through foreign exchange rate fluctuations. Generally, the consolidated entity’s main exposure to exchange rate risk relates primarily to trade payables and cash denominated in Colombia PESO, arising in relation to its activities in Colombia. The consolidated entity is also exposed to US foreign currency risk in relation to outstanding deferred payments for the acquisition of the project areas.

The consolidated entity did not seek to hedge its exposure but where a payable is significant, Colombia PESO may be purchased on incurring the liability or commitment.

Liquidity risk

Vigilant liquidity risk management requires the consolidated entity to maintain sufficient liquid assets (mainly cash and cash equivalents) and available borrowing facilities to be able to pay debts as and when they become due and payable.

As at the reporting date all financial liabilities had payment terms maturing less than 60 days (2023: 60 days).

Fair value of financial instruments

Unless otherwise stated, the carrying amounts of financial instruments reflect their fair value.

Note 7. Key management personnel disclosures

Directors

The following persons were directors of Ronin Resources Ltd during the financial year:

Joseph van den Elsen (Executive Chairman) Matthew Keen (Non-executive Director) Resigned 21 March 2024 Wilson Escobar Castaneda (Non-executive Director) Resigned 5 July 2023 Marnus Bothma (Non-executive Director) Appointed 5 July 2023 Nicholas Young (Non-executive Director) Appointed 21 March 2024

Compensation

The aggregate compensation made to directors and other members of key management personnel of the consolidated entity is set out below:

Short-term employee benefits

Consolidated	Consolidated
2024	2023
$	$
225,968	192,000

Ronin Resources Ltd Notes to the financial statements 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note 8. Remuneration of auditors

During the financial year the following fees were paid or payable for services provided by William Buck, the auditor of the company:

Audit services - William Buck Audit or review of the financial statements	Consolidated 2024 2023 $ $ 28,347 25,400

Note 9. Contingent liabilities

In accordance with the terms of the acquisition of the Vetas Project by the Company, the consolidated entity will pay the vendors of the FI3-152 title a royalty of 1% of the mine gate sale price of thermal coal in Norte de Santander, as determined by the Colombian National Mining Agency (ANM). The payment of royalties will be made on a quarterly, per ton basis and with reference to the production reports presented to the local authorities.

Payment of any royalties will be contingent upon the consolidated entity realising production from the area subject to the FI352 title.

Note 10. Related party transactions

Parent entity

Ronin Resources Ltd is the parent entity.

Subsidiaries

Interests in subsidiaries are set out in note 13.

Key management personnel

Disclosures relating to key management personnel are set out in note 7 and the remuneration report included in the directors' report.

Transactions with related parties

There were no transactions with related parties during the current and previous financial year.

Receivable from and payable to related parties

There were no trade receivables from or trade payables to related parties at the current and previous reporting date.

Loans to/from related parties

There were no loans to or from related parties at the current and previous reporting date.

Note 11. Parent entity information

Set out below is the supplementary information about the parent entity.

Statement of profit or loss and other comprehensive income

Loss after income tax Total comprehensive income	Parent 2024 2023 $ $ (1,212,556) (589,651) (1,212,556) (589,651)	Parent 2024 2023 $ $ (1,212,556) (589,651) (1,212,556) (589,651)
	(1,212,556)	(589,651)

Ronin Resources Ltd Notes to the financial statements 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note 11. Parent entity information (continued)

Statement of financial position

Total current assets Total assets Total current liabilities Total liabilities Equity Issued capital Foreign currency reserve Share-based payments reserve Accumulated losses Total equity	Parent 2024 2023 $ $ 3,196,399 3,906,291 3,737,006 3,645,781 35,118 (107,144) 35,118 (107,144) 6,691,416 5,917,776 (1,055) 14,225 20,228 82,924 (3,008,701) (2,262,000) 3,701,888 3,752,925	Parent 2024 2023 $ $ 3,196,399 3,906,291 3,737,006 3,645,781 35,118 (107,144) 35,118 (107,144) 6,691,416 5,917,776 (1,055) 14,225 20,228 82,924 (3,008,701) (2,262,000) 3,701,888 3,752,925
	3,737,006	3,645,781
	35,118	(107,144)
	35,118	(107,144)
	6,691,416 (1,055) 20,228 (3,008,701)	5,917,776 14,225 82,924 (2,262,000)
	3,701,888	3,752,925

Guarantees entered into by the parent entity in relation to the debts of its subsidiaries

The parent entity had no guarantees in relation to the debts of its subsidiaries as at 30 June 2024.

Contingent liabilities

The parent entity had no contingent liabilities as at 30 June 2024.

Capital commitments - Property, plant and equipment

The parent entity had no capital commitments for property, plant and equipment as at 30 June 2024.

Material accounting policy information

The accounting policies of the parent entity are consistent with those of the consolidated entity, as disclosed in note 2, except for the following:

Investments in subsidiaries are accounted for at cost, less any impairment, in the parent entity.
Investments in associates are accounted for at cost, less any impairment, in the parent entity.
Dividends received from subsidiaries are recognised as other income by the parent entity and its receipt may be an indicator of an impairment of the investment.

Note 12. Acquisition of Ontario Battery Metals Pty Ltd

On 5 July 2023, the Company completed the acquisition of the Hornby Lake Project a 123 km2 package of contiguous lithium exploration claims located in Ontario, Canada. The acquisition consisted of 100% of the issued capital in Ontario Battery Metals Pty Ltd ( OBM ), which (through its wholly owned subsidiary Ontario Battery Corp) is the owner of the Hornby Lake Project ( Acquisition ) ( see ASX announcement 21 June 2023 ).

As detailed in the Company’s 21 June 2023 ASX announcement, the consideration payable to acquire OBM was $50,000 cash and 3.2 million fully paid ordinary shares in Ronin ( Consideration Shares ), which have been paid and issued during the period.

The Company has accounted for the acquisition of OBM as an asset acquisition during the period ended 30 June 2024.

Ronin Resources Ltd Notes to the financial statements 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note 13. Interests in subsidiaries

The consolidated financial statements incorporate the assets, liabilities and results of the following subsidiaries in accordance with the accounting policy described in note 2:

		Ownership	interest
	Principal place of business /	2024	2023
Name	Country of incorporation	%	%
Cooperativo Minero de Norte de Santander SAS	Colombia	100%	100%
Potasio de Colombia SAS	Colombia	100%	100%
Ontario Battery Minerals Pty Ltd	Canada	100%	-

Note 14. Events after the reporting period

Note 15. Reconciliation of loss after income tax to net cash used in operating activities

Loss after income tax expense for the year Adjustments for: Foreign exchange differences Exploration expenditure Change in operating assets and liabilities: Decrease/(increase) in trade and other receivables Decrease/(increase) in prepayments Decrease in trade and other payables Net cash used in operating activities Note 16. Earnings per share Loss after income tax attributable to the owners of Ronin Resources Ltd Weighted average number of ordinary shares used in calculating basic earnings per share Weighted average number of ordinary shares used in calculating diluted earnings per share Basic earnings per share Diluted earnings per share	Consolidated 2024 2023 $ $ (1,166,491) (621,197) - (12,435) 480,000 - 4,126 (3,355) 599 (580) (46,455) (72,738) (728,221) (710,305)	Consolidated 2024 2023 $ $ (1,166,491) (621,197) - (12,435) 480,000 - 4,126 (3,355) 599 (580) (46,455) (72,738) (728,221) (710,305)
	(728,221)	(710,305)
	Consolidated 2024 2023 $ $ (1,166,491) (621,197)
	Number 36,789,942	Number 31,630,489
	36,789,942	31,630,489
	Cents (3.17) (3.17)	Cents (1.96) (1.96)

Ronin Resources Ltd Notes to the financial statements 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note 16. Earnings per share (continued)

No options or performance rights have been included in the weighted average number of ordinary shares for the purposes of calculating diluted EPS as they do not meet the requirements for inclusion in AASB 133 “Earnings per Share”. The rights to options are non-dilutive as the company is loss generating.

Note 17. Share-based payments

Options

Set out below are summaries of the options movement during the year and on issue at the end of the financial year from equity- settled share-based payment transactions:

2024

Balance at the start of the year 800,000	Granted -	Exercised -	Expired/ forfeited/ other (800,000)	Balance at the end of the year -
800,000	-	-	(800,000)	-
Balance at the start of the year 800,000	Granted -	Exercised -	Expired/ forfeited/ other -	Balance at the end of the year 800,000
800,000	-	-	-	800,000
end of the financial year:			2024 Number -	2023 Number 800,000
			-	800,000

The weighted average remaining contractual life of options outstanding at the end of the financial year was 0 years (2023: 0.67 years).

The options expired during the 2024 financial year.

Ronin Resources Ltd Notes to the financial statements 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note 17. Share-based payments (continued)

Performance Rights

66,666 Class A Performance Rights have the following milestones within the relevant Milestone Deadlines which are yet to be achieved:
(a) the Company’s volume weighted average share price ( VWAP ) for a consecutive period of 20 trading days being equal to or greater than $0.265 (26.5 cents) ( VWAP Milestone 1 ); and
(b) the Executive completing 12 months continuous service to the Company from the date of admission of the Company’s securities to the Australian Stock Exchange ( ASX ) ( Admission Date ) ( Service Milestone 1 ).
66,666 Class B Performance Rights have the following milestones within the relevant Milestone Deadlines which are yet to be achieved:
(a) the Company’s volume weighted average share price ( VWAP ) for a consecutive period of 20 trading days being equal to or greater than $0.33 (33 cents) ( VWAP Milestone 2 ); and
(b) the Executive completing 24 months continuous service to the Company from the date of admission of the Company’s securities to the Australian Stock Exchange ( ASX ) ( Admission Date ) ( Service Milestone 2 ).
66,667 Class C Performance Rights have the following milestones within the relevant Milestone Deadlines which are yet to be achieved:
(a) the Company’s volume weighted average share price ( VWAP ) for a consecutive period of 20 trading days being equal to or greater than $0.40 (40 cents) ( VWAP Milestone 3 ); and
(b) the Executive completing 36 months continuous service to the Company from the date of admission of the Company’s securities to the Australian Stock Exchange ( ASX ) ( Admission Date ) ( Service Milestone 3 ).

For the performance rights granted during the 2022 financial year, the valuation model inputs used to determine the fair value at the grant date, are as follows:

		Share price	Exercise	Expected	Dividend	Risk-free	Fair value
Grant date	Expiry date	at grant date	price	volatility	yield	interest rate	at grant date
08/07/2021	14/12/2024	$0.16	$0.265	100.00%	-	0.21%	$0.1066
08/07/2021	14/12/2024	$0.16	$0.33	100.00%	-	0.21%	$0.1011
08/07/2021	14/12/2024	$0.16	$0.40	100.00%	-	0.21%	$0.0958

Ronin Resources Ltd Notes to the financial statements 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Note 17. Share-based payments (continued)

Accounting policy for share-based payments

Equity-settled share-based compensation benefits are provided to employees, consultants and suppliers.

Equity-settled transactions are awards of shares, performance rights or options over shares, that are provided to employees in exchange for the rendering of services. Cash-settled transactions are awards of cash for the exchange of services, where the amount of cash is determined by reference to the share price.

The cost of equity-settled transactions is measured at fair value on grant date. Fair value is determined using the Black Scholes option pricing or Trinomial models that takes into account the exercise price, the term of the option, the impact of dilution, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk free interest rate for the term of the option, together with non-vesting conditions that do not determine whether the company receives the services that entitle the employees to receive payment. No account is taken of any other vesting conditions.

The cost of equity-settled transactions is usually recognised as an expense with a corresponding increase in equity over the vesting period. The cumulative charge to profit or loss is calculated based on the grant date fair value of the award, the best estimate of the number of awards that are likely to vest and the expired portion of the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous periods.

The cost of equity-settled transactions can also be recognised as capital raising costs recorded against equity, with the same recognition approach as above.

Market conditions are taken into consideration in determining fair value. Therefore, any awards subject to market conditions are considered to vest irrespective of whether or not that market condition has been met, provided all other conditions are satisfied.

Ronin Resources Ltd Consolidated entity disclosure statement As at 30 June 2024

==> picture [57 x 34] intentionally omitted <==

			Ownership
		Place formed /	interest
Entity name	Entity type	Country of incorporation	%	Tax residency
Cooperativo Minero de
Norte de Santander SAS	Body corporate	Colombia	100.00%	Colombia
Potasio de Colombia SAS	Body corporate	Colombia	100.00%	Colombia
Ontario Battery Minerals
Pty Ltd	Body corporate	Australia	100.00%	Australia

Basis of preparation

The consolidated entity disclosure statement (CEDS) has been prepared in accordance with the Corporations Act 2001 and includes information for each entity that was part of the consolidated entity as at the end of the financial year in accordance with AASB 10 Consolidated Financial Statements.

Determination of tax residency

Section 295 (3A) of the Corporation Acts 2001 defines tax residency as having the meaning in the Income Tax Assessment Act 1997. The determination of tax residency involves judgement as there are currently several different interpretations that could be adopted, and which could give rise to a different conclusion on residency. It should be noted that the definitions of ‘Australian resident’ and ‘foreign resident’ in the Income Tax Assessment Act 1997 are mutually exclusive. This means that if an entity is an ‘Australian resident’ it cannot be a ‘foreign resident’ for the purposes of disclosure in the CEDS.

In determining tax residency, the consolidated entity has applied the following interpretations:

Australian tax residency

The consolidated entity has applied current legislation and judicial precedent, including having regard to the Tax Commissioner's public guidance in Tax Ruling TR 2018/5.

Foreign tax residency

Where necessary, the consolidated entity has used independent tax advisers in foreign jurisdictions to assist in determining tax residency and ensure compliance with applicable foreign tax legislation.

Partnerships and Trusts

Australian tax law does not contain specific residency tests for partnerships and trusts. Generally, these entities are taxed on a flow-through basis, so there is no need for a general residence test. Some provisions treat trusts as residents for certain purposes, but this does not mean the trust itself is an entity that is subject to tax.

Additional disclosures on the tax status of partnerships and trusts have been provided where relevant.

As at the date of this report none of the entities disclosed were partners in a partnership, trustees in a trust or participants in a joint venture.

Ronin Resources Ltd Directors' declaration 30 June 2024

==> picture [57 x 34] intentionally omitted <==

In the directors' opinion:

the attached financial statements and notes comply with the Corporations Act 2001, the Accounting Standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements;
the attached financial statements and notes comply with International Financial Reporting Standards as issued by the International Accounting Standards Board as described in note 2 to the financial statements;
the attached financial statements and notes give a true and fair view of the consolidated entity's financial position as at 30 June 2024 and of its performance for the financial year ended on that date;
there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable; and
the information disclosed in the attached consolidated entity disclosure statement is true and correct.

The directors have been given the declarations required by section 295A of the Corporations Act 2001.

Signed in accordance with a resolution of directors made pursuant to section 295(5)(a) of the Corporations Act 2001.

On behalf of the directors

==> picture [61 x 54] intentionally omitted <==

_________Joseph van den Elsen Executive Chairman

30 September 2024 Melbourne

==> picture [154 x 38] intentionally omitted <==

Independent auditor’s report to the members of Ronin Resources Ltd

Report on the audit of the financial report

Our opinion on the financial report

In our opinion, the accompanying financial report of Ronin Resources Ltd (the Company) and its subsidiaries (the Group) is in accordance with the Corporations Act 2001 , including:

giving a true and fair view of the Group’s financial position as at 30 June 2024 and of its financial performance for the year then ended; and
complying with Australian Accounting Standards and the Corporations Regulations 2001 .

What was audited?

We have audited the financial report of the Group, which comprises:

the consolidated statement of financial position as at 30 June 2024,
the consolidated statement of profit or loss and other comprehensive income for the year then ended,
the consolidated statement of changes in equity for the year then ended,
the consolidated statement of cash flows for the year then ended,
notes to the financial statements, including material accounting policy information,
the consolidated entity disclosure statement, and
the directors’ declaration.

Basis for opinion

We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial report section of our report. We are independent of the Group in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional & Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Level 20, 181 William Street, Melbourne VIC 3000

+61 3 9824 8555

[email protected] williambuck.com.au

==> picture [154 x 38] intentionally omitted <==

Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial report of the current period. These matters were addressed in the context of our audit of the financial report as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Acquisition of Area of focus Ontario Battery (refer also to notes 1, 5, 12) Metals Pty Ltd

This is a key audit matter due to the judgement involved in determining whether Ontario Battery Metals Pty Ltd meets the definition of a business under AASB 3 Business Combinations. As it was determined that Ontario Battery Metals Pty Ltd did not meet the definition of a business under AASB 3 Business Combinations, this acquisition was accounted for as an asset acquisition and expensed under the Group’s accounting policy for exploration expenditure in line with AASB 6 Exploration for and Evaluation of Mineral Resources.

How our audit addressed the key audit matter

Our audit procedures included:

Obtaining the share purchase agreements for purchase of 100% of the shares in Ontario Battery Metals Pty Ltd;
Reviewing the salient details of the share purchase agreements to understand key terms of the purchase including the consideration paid for purchase;
Assessing whether the accounting acquiree meets the definition of a business under AASB 3 Business Combinations;
Determination of the value of the shares issued as consideration for the acquisition which has been treated as a share based payment and recognised at the fair value of the shares issued; and
Assessing the subsequent accounting for the acquisition as an asset acquisition, and its subsequent expensing of the consideration paid as an exploration expense under AASB 6 in line with the Group’s accounting policy for exploration expenditure.

In-addition, we also examined key disclosures relating to the acquisition in the financial statements.

==> picture [154 x 38] intentionally omitted <==

Other information

The directors are responsible for the other information. The other information comprises the information included in the Group’s annual report for the year ended 30 June 2024, but does not include the financial report and our auditor’s report thereon.

Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of the directors for the financial report

The directors of the Company are responsible for the preparation of:

the financial report (other than the consolidated entity disclosure statement) that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 ; and
the consolidated entity disclosure statement that is true and correct in accordance with the Corporations Act 2001, and

for such internal control as the directors determine is necessary to enable the preparation of:

the financial report (other than the consolidated entity disclosure statement) that gives a true and fair view and is free from material misstatement, whether due to fraud or error; and
the consolidated entity disclosure statement that is true and correct and is free of misstatement, whether due to fraud or error.

In preparing the financial report, the directors are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial report

Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report.

A further description of our responsibilities for the audit of the financial report is located at the Auditing and Assurance Standards Board website at: https://www.auasb.gov.au/admin/file/content102/c3/ar1_2020.pdf

This description forms part of our auditor’s report.

==> picture [154 x 38] intentionally omitted <==

Report on the Remuneration Report

Our opinion on the Remuneration Report

In our opinion, the Remuneration Report of Ronin Resources Ltd, for the year ended 30 June 2024, complies with section 300A of the Corporations Act 2001 .

What was audited?

We have audited the Remuneration Report included in the directors’ report for the year ended 30 June 2024.

Responsibilities

The directors of the Company are responsible for the preparation and presentation of the Remuneration Report in accordance with section 300A of the Corporations Act 2001 . Our responsibility is to express an opinion on the Remuneration Report, based on our audit conducted in accordance with Australian Auditing Standards.

William Buck Audit (Vic) Pty Ltd ABN 59 116 151 136

J. C. Luckins Director

Melbourne, 30 September 2024

Ronin Resources Ltd Shareholder information 30 June 2024

==> picture [57 x 34] intentionally omitted <==

The shareholder information set out below was applicable as at 11 September 2024.

Distribution of equitable securities

Analysis of number of equitable security holders by size of holding:

1 to 1,000 1,001 to 5,000 5,001 to 10,000 10,001 to 100,000 100,001 and over Holding less than a marketable parcel Equity security holders	Ordinary shares % of total Number shares of holders issued 10 - 11 0.10 53 1.41 158 18.16 83 80.33 315 100.00 17 -	Ordinary shares % of total Number shares of holders issued 10 - 11 0.10 53 1.41 158 18.16 83 80.33 315 100.00 17 -
	315	100.00
	17	-

Twenty largest quoted equity security holders

The names of the twenty largest security holders of quoted equity securities are listed below:

Kitara Investments Pty Ltd (Kumova #1 Family A/C) Romfal Sifat Pty Ltd (The Fizmail Family A/C) Joseph van den Elsen Altime Nominees Pty Ltd (Honeyham Family A/C) Orc Pty Ltd J Stimpson Pty Ltd (Hoek A/C) Benefico Pty Ltd Mr Fadi Diab Angkor Imperial Resources Pty Ltd (Turkish Breach S/F A/C) KG Venture Holdings Pty Ltd (KG Venture Holdings A/C) Godin Corp Pty Ltd (Seven A/C) Mr Haochen Hu DC & PC Holdings Pty Ltd (DC & PC Neesham Super A/C) Harshell Investments Pty Ltd (Kaplan Family A/C) Edenbridge Investment Pty Ltd (Neglasari Super A/C) GP Securities Pty Ltd Mr Scott Nish AJM Investco Pty Ltd (Manni Family Superfund A/C) Arkalya Pty Ltd (The Super Butrfly A/C) Mrs Olga Kozyreva	Ordinary shares % of total shares Number held issued 1,550,000 4.21 1,485,000 4.03 1,473,244 4.00 1,150,000 3.12 1,135,555 3.08 1,113,333 3.02 1,000,000 2.72 976,667 2.65 900,000 2.44 800,000 2.17 779,167 2.12 750,000 2.04 666,874 1.81 650,000 1.77 625,000 1.70 625,000 1.70 625,000 1.70 500,000 1.36 500,000 1.36 433,333 1.18 17,738,173 48.18	Ordinary shares % of total shares Number held issued 1,550,000 4.21 1,485,000 4.03 1,473,244 4.00 1,150,000 3.12 1,135,555 3.08 1,113,333 3.02 1,000,000 2.72 976,667 2.65 900,000 2.44 800,000 2.17 779,167 2.12 750,000 2.04 666,874 1.81 650,000 1.77 625,000 1.70 625,000 1.70 625,000 1.70 500,000 1.36 500,000 1.36 433,333 1.18 17,738,173 48.18
	17,738,173	48.18

Unquoted equity securities

The Company currently has 200,000 unlisted performance rights on issue held by 1 holder.

Ronin Resources Ltd Shareholder information 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Substantial holders

Substantial holders in the company are set out below:

	Ordinary	shares
		% of total
		shares
	Number held	issued
Timothy Paul Neesham	3,045,000	8.27
Faldi Ismail & associated entities	2,825,000	7.67
The holdings above represent the last substantial shareholder form lodged by the shareholder.

Voting rights

The voting rights attached to ordinary shares are set out below:

Ordinary shares

On a show of hands every member present at a meeting in person or by proxy shall have one vote and upon a poll each share shall have one vote.

Ronin Resources Ltd Shareholder information 30 June 2024

==> picture [57 x 34] intentionally omitted <==

Interests in Mining Tenements

Below is a summary of the mining tenements held by the Company at the end of the period:

Claim/tenement number	Project / Location	Acquired Interest during the quarter	Disposed interest during quarter	Interest at end of Quarter
FI3-152 Mining Title	Vetas Project, Colombia	-	-	100%
Mining License Applications 507079, 507086, 507085, 507084, 507079, 507086, 507085, 507084	Vetas Project, Colombia	-	-	100%
Mining Licence Applications 501358, 501360, 501372	Santa Rosa, Colombia	-	-	100%
794425, 794426, 794427, 794428, 794429, 794430, 794431, 794432, 794433, 794361, 794362, 794363, 794364, 794365, 794366, 794367, 794368, 794369, 794370, 794371, 794372, 794373, 794374, 794375, 794376, 794434, 794475, 794476, 794477, 794478, 794479, 794480, 794481, 794482, 794483, 794484, 794485, 794486, 794487, 794488, 794489, 794490, 794491, 794492, 794493, 794494, 794495, 794496, 794497, 794498, 794499, 794500, 794501, 794502, 794503, 794504, 794505, 794506, 794507, 794508, 794509, 794510, 794511, 794512, 794513, 794514, 794515, 794516, 794517, 794518, 794519, 794520, 794521, 794522, 794523, 794524, 794525, 794526, 794527, 794528, 794529, 794530, 794531, 794532, 794533, 794534, 794535, 794536, 794537, 794538, 794539, 794540, 794541, 794542, 794543, 794544, 794545, 794546, 794547, 794548, 794549, 794550, 794551, 794552, 794553, 794554, 794555, 794556, 794557, 794558, 794559, 794560, 794561, 794562, 794563, 794564, 794565, 794566, 794567, 794568, 794569, 794570, 794571, 794572, 794583, 794584, 794585, 794586, 794587, 794588, 794589, 794590, 794608, 794591, 794592, 794593, 794594, 794595, 794596, 794597, 794598, 794599, 794600, 794601, 794602, 794603, 794604, 794605, 794606, 794607, 794329, 794330, 794331, 794332, 794333, 794334, 794335, 794336, 794337, 794338, 794339, 794340, 794341, 794342, 794343, 79434, 794345, 794346, 794347, 794348, 794349, 794350, 794351, 794352, 794353 794354, 794355, 794356, 794357, 794358, 794359, 794360, 794573, 794574, 794575, 794576, 794577, 794578, 794579, 794580, 794581, 794582, 794181, 794182, 794183, 794184, 794185, 794186, 794187, 794188, 794189, 794190, 794191, 794192, 794193, 794194, 794195, 794196, 794197, 794198, 794199, 794200, 794201, 794202, 794203, 794204, 794205, 794206, 794207, 794208, 794209, 794210, 794211, 794212, 794213, 794214, 794215, 794216, 794217, 794218, 794219, 794220, 794221, 794222, 794082, 794083, 794084, 794085, 794086, 794087, 794088, 794089, 794090, 794091, 794092, 794093, 794094, 794095, 794096, 794097, 794098, 794099, 794100, 794101, 794102, 794103, 794104, 794105, 794106,	Hornby Lake Lithium Project, Ontario Cananda	-	-	100%

Ronin Resources Ltd Shareholder information 30 June 2024

==> picture [57 x 34] intentionally omitted <==

794107, 794108, 794109, 794110, 794111, 794112, 794113, 794114, 794115, 794116, 794117, 794118, 794119, 794120, 794121, 794122, 794123, 794124, 794125, 794126, 794127, 794128, 794129, 794130, 794131, 794223, 794224, 794225, 794226, 794227, 794228, 794229, 794230, 794231, 794232, 794233, 794234, 794235, 794236, 794237, 794238, 794239, 794240, 794241, 794242, 794243, 794244, 794245, 794246, 794247, 794248, 794249, 794250, 794251, 794252, 794253, 794254, 794255, 794256, 794257, 794258, 794259, 794260, 794261, 794262, 794263, 794264, 794265, 794266, 794267, 794268, 794269, 794270, 794271, 794272, 794273, 794274, 794275, 794276, 794277, 794278, 794279, 794280, 794281, 794282, 794283, 794284, 794285, 794286, 794287, 794288, 794289, 794290, 794291, 794292, 794293, 794294, 794295, 794296, 794297, 794298, 794299, 794300, 794301, 794302, 794303, 794304, 794305, 794306, 794307, 794308, 794309, 794310, 794311, 794312, 794313, 794314, 794315, 794316, 794317, 794318, 794319, 794320, 794321, 794322, 794323, 794324, 794325, 794326, 794327, 794328, 794377, 794378, 794379, 794380, 794381, 794382, 794383, 794384, 794385 794386, 794387 ,794388, 794389, 794390, 794391, 794392, 794393, 794394, 794395, 794396, 794397, 794398, 794399, 794400, 794401, 794402, 794403, 794404, 794405, 794406, 794407, 794408, 794409, 794410, 794411, 794412, 794413, 794414, 794415, 794416, 794417, 794418, 794419, 794420, 794421, 794422, 794423, 794424, 794435, 794436, 794437, 794438, 794439, 794440, 794441, 794442, 794443, 794444, 794445, 794446, 794447, 794448, 794449, 794450, 794451, 794452, 794453, 794454, 794455, 794456, 794457, 794458 794459, 794460, 794461, 794132, 794133, 794134, 794135, 794136, 794137, 794138, 794139, 794140, 794141, 794142, 794143, 794144, 794145, 794146, 794147, 794148, 794149, 794150, 794151, 794152, 794153, 794154, 794155, 794156, 794157, 794159, 794160, 794161, 794162, 794163, 794164, 794165, 794166, 794167, 794168, 794169, 794170, 794171, 794172, 794173, 794174, 794175, 794176, 794177, 794178, 794179, 794180, 794462, 794463, 794464, 794465, 794466, 794467, 794468, 794469, 794470, 794471, 794472, 794473, 794474, 794623, 794624, 794625, 794626, 794627, 794628, 794629, 794630, 794631, 794632, 794633, 794634, 794635, 794636, 794637, 794638, 794639, 794640, 794641, 794642, 794643, 794644, 794645, 794646, 794647, 794648, 794649, 794650, 794651, 794652, 794653, 794654, 794655, 794656, 794657, 794658, 794659, 794660, 794661, 794662, 794663, 794664, 794665, 794666, 794667, 794668, 794669, 794670, 794671, 794672, 794609, 794610, 794611, 794612, 794613, 794614, 794615, 794616, 794617, 794618, 794619, 794620, 794621, 794622, 794673, 794674, 794675, 794676, 794677, 794678, 794679, 794680, 794681, 794682, 794683, 794684, 794685, 794686, 794687, 794688, 794689, 794690, 794691, 794692, 794693, 794694, 794695, 794696, 794697, 794698, 794699, 794700,

Ronin Resources Ltd Shareholder information 30 June 2024

==> picture [57 x 34] intentionally omitted <==

794701, 794702, 794703, 849252, 849260, 849261, 849269, 849710, 849739, 849742, 849214, 849222, 849229, 849233, 849237, 849243, 849302, 849253, 849256, 849288, 849295, 849716, 849718, 849727, 849737, 849695, 849696, 849202, 849204, 849218, 849238, 849298, 849299 849306, 849315, 849254, 849255, 849280, 849709, 849714, 849720, 849725, 849705, 849707, 849201, 849209, 849211, 849213, 849215, 849226, 849230, 849234, 849296, 849305, 849311, 849313, 849266, 849271, 849281, 849708, 849715, 849721, 849722, 849724, 849726, 849730, 849731, 849733, 849734, 849699, 849701, 849703, 849208, 849212, 849216, 849220, 849223, 849307, 849251, 849259, 849263, 849275, 849276, 849278, 849283, 849286, 849287, 849292, 849711, 849712, 849723, 849728, 849735, 849700, 849704, 849203, 849210, 849228, 849236, 849240, 849244, 849245, 849246, 849300, 849316, 849257, 849262, 849264, 849277, 849289, 849717, 849729, 849738, 849693, 849702, 849217, 849221, 849227, 849231, 849232, 849239, 849241, 849242, 849301, 849303, 849310, 849258, 849265, 849267, 849268, 849273, 849274, 849285, 849291, 849713, 849732, 849736, 849740, 849741, 849694, 849698, 849706, 849205, 849206, 849219, 849224, 849225, 849235, 849297, 849309, 849248, 849249, 849250, 849270, 849272, 849279, 849282, 849284, 849290, 849293, 849294, 849697, 849207, 849304, 849308, 849312, 849314

AI assistant

RONIN RESOURCES LTD — Annual Report 2024

65728_rns_2024-09-29_87ce4c9f-b99e-4502-989a-7c630eb33ccc.pdf

Directors

Principal activities

Dividends

Review of operations

Financial Performance

Financial position

Cashflow

Operational review

Significant changes in the state of affairs

Matters subsequent to the end of the financial year

Likely developments and expected results of operations

Business risk management

Key risks and mitigation activities associated with the Company's objectives are set out below:

Exploration risk

Regulatory risk

Future funding risk

Land Access

Environmental regulation

Information on directors

Company secretary

Meetings of directors

Remuneration report (audited)

Principles used to determine the nature and amount of remuneration

Non-executive directors’ remuneration

Executive remuneration

Consolidated entity performance and link to remuneration

Details of remuneration

Amounts of remuneration

Service agreements

Share-based compensation

Issue of shares

Options

Performance rights

Additional information

Additional disclosures relating to key management personnel

Shareholding

Option holding

Performance rights holding

This concludes the remuneration report, which has been audited.

Shares under option

Shares under performance rights

Shares issued on the exercise of options

Shares issued on the exercise of performance rights

Indemnity and insurance of officers

Indemnity and insurance of auditor

Proceedings on behalf of the company

Non-audit services

Officers of the company who are former partners of William Buck

Auditor's independence declaration

Auditor

Lead Auditor’s Independence Declaration under Section 307C of the Corporations Act 2001

To the directors of Ronin Resources Ltd

Ronin Resources Ltd Statement of profit or loss and other comprehensive income For the year ended 30 June 2024

Ronin Resources Ltd Statement of changes in equity For the year ended 30 June 2024

Ronin Resources Ltd Statement of cash flows For the year ended 30 June 2024

Note 1. General information

Note 2. Material accounting policy information

New or amended Accounting Standards and Interpretations adopted

Basis of preparation

Critical accounting estimates

Parent entity information

Revenue recognition

Interest

Current and non-current classification

Note 2. Material accounting policy information (continued)

Exploration expenditure

New Accounting Standards and Interpretations not yet mandatory or early adopted

Note 3. Critical accounting judgements, estimates and assumptions

Share-based payment transactions

Note 3. Critical accounting judgements, estimates and assumptions (continued)

Income tax

Non-recognition of carry forward tax losses

Colombian VAT refunds

Exploration and evaluation costs

Note 4. Operating segments

Identification of reportable operating segments

Note 5. Equity - issued capital

RONIN RESOURCES LTD Annual Report 2024