VOLT RESOURCES LIMITED — Regulatory Filings 2026

Mar 24, 2026

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----- Start of picture text ----- ASX ANNOUNCEMENTxx 25 March 2026----- End of picture text -----

ASX ANNOUNCEMENT

By e-lodgement

Notice Under Section 708A(5) of the Corporations Act 2001 (the Act)

This notice is given by Volt Resources Limited (ASX: VRC) (“ Volt” or the “ Company” ) in relation to the issue of 83,333,333 fully paid ordinary shares (Shares) as detailed in the Appendix 2A announced today.

The Corporations Act 2001 (Cth) (Act) restricts the on-sale of securities issued without disclosure unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, the Shares detailed in the Appendix 2A announced on 25 March 2026 will fall within the exemption in section 708A(5) of the Act. Pursuant to section 708A(5)(e) of the Act, the Company gives notice that:

• a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

• b) as at the date of this notice the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and

• sections 674 and 674A of the Act; and

• c) as at the date of this notice there is no information:

  • i) that has been excluded from a continuous disclosure notice in accordance with the Listing Rules; and

  • ii) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

    • 1. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
    • 1. the rights and liabilities attaching to the Shares.

-ENDS-

This announcement was authorised for release by the Board of Volt Resources Limited.

For further information, please email contact@voltresources.com

About Volt Resources Limited

Volt Resources Limited (“Volt”) is a critical minerals and advanced materials company listed on the Australian Stock Exchange under the ASX code VRC. We are an established graphite producer and advanced materials developer.

Volt’s wholly owned US subsidiary, Volt Energy Materials LLC, is headquartered in Alabama

Entrepreneurship Institute at University of Alabama, Tuscaloosa, Alabama. and is focussed on the

Page 1 of 2 | ACN 106 353 253 Level 25, 108 St George’s Terrace, Perth WA 6000 www.voltresources.com | +61 (0) 8 9486 7788

ASX: VRC

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downstream graphite business including the high purity graphite processing technology. In June 2025 a Graphite Refinery Scoping Study confirmed strong project economics based on a staged development of refinery capacity. The Company is proceeding with plans for UHPG pilot plant trials, engaging with potential offtake partners, exploring government facilitation, and considering funding options as it moves forward with project development[1] .

In 2021, Volt acquired a 70% interest in each of the companies comprising the ZG Group, namely - Zavalievsky Graphite LLC (processing plant buildings, processing plant, mining equipment, power sub-station, and distribution), Stone Found LLC (crushed rock operations), and Graphite Invest LLC (holds a 79% interest in PJC Zavalievsky Graphite Kombinat – mine, land, main administration office building. It is this entity that holds the 636 hectares of freehold land on which the Zavalievsky mine, and other related buildings and facilities are located)[2] .

Volt holds two licence applications that are prospective for lithium-borate mineralisation. The licence applications are located in Serbia and are west and south-west of the Serbian capital, Belgrade[3] .

Volt is progressing the development of its large wholly owned Bunyu Graphite Project in Tanzania, as well as gold exploration in Guinea leveraging the Company’s existing extensive networks in Africa.

The Bunyu Graphite Project in southeast Tanzania is ideally located near critical infrastructure with sealed roads running through the project area and ready access to the deep-water port of Mtwara 140km from the Project. In 2018, Volt reported the completion of the Feasibility Study (“FS”) into the Stage 1 development of the Bunyu Graphite Project followed by a Feasibility Study Update published in August 2023. The Stage 1 development is based on a mining and processing plant annual throughput rate of 400,000 tonnes of ore to produce on average 24,780 tpa of graphite products. A key objective of the Stage 1 development is to establish infrastructure and market position in support of the development of the significantly larger Stage 2 expansion project at Bunyu[4] .

The Guinea Gold Projects comprise three projects in Guinea, West Africa having a total area of 348 km[2] . The Projects are located in the prolific Siguiri Basin which forms part of the richly mineralised West African Birimian Gold Belt.

Information in this report that relates to the production target of the Bunyu Graphite Project was released to the ASX on 14 August 2023 and is available to view on www.asx.com.au. Volt Resources Limited confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement, and that all material assumptions underpinning the production target continue to apply and have not materially changed.

1 Refer to ASX announcement dated 17 June 2025 titled “Alabama Graphite Refinery Scoping Study Confirms Strong Project Economics”.

2 Refer to Volt’s ASX announcement titled “Volt to Acquire European Graphite Business Following Completion of Due Diligence” dated 14 May 2021.

3 Refer to Volt’s ASX announcement titled “Strategic European Lithium Acquisition – Jadar North” dated 18 November 2021.

4 Refer to Volt’s ASX announcement titled “Feasibility Study Update for Bunyu Graphite Project Stage 1, Tanzania Delivers Significantly Improved Economics” dated 14 August 2023.

Page 2 of 2 | ACN 106 353 253 Level 25, 108 St George’s Terrace, Perth WA 6000 www.voltresources.com | +61 (0) 8 9486 7788

ASX: VRC