Announcement PDF ASX Announcement 31 July 2025 QUARTERLY ACTIVITIES REPORT FOR THE QUARTER ENDED 30 JUNE 2025 Lightning Minerals (L1M or the Company) is pleased to report its Quarterly Activities Report for the quarter ending 30 June 2025. HIGHLIGHTS o Capital raising of A$2.0M completed to fund exploration activities and proposed acquisition of Lotus Minerals (ASX Announcement 30 May 2025) ASX: L1M Shares on Issue 103,328,319 Performance Rights 46,049,999 Unlisted Options Outstanding 10,450,000 (exercisable at A$0.25) 6,000,000 (exercisable at A$0.105) 80,000 (exercisable at A$0.30) 110,000 (exercisable at A$0.40) 140,000 (exercisable at A$0.50) Listed Options Outstanding 40,389,258 (exercisable at A$0.25) Cash Position A$0.71 Million (at 30 June 2025)* *Capital raise completed 30 June 2025 for A$2.0M at A$0.04 o Proposed acquisition of Lotus Minerals providing exposure to brownfields Gold and Copper projects in Queensland and New South Wales o Near term drilling of Gold targets at the Mt Turner Project in Queensland planned post EGM (date to be announced) o Previous drilling and mining demonstrates the potential along the 14km Drummer Fault at Mt Turner Gold Project o As part of the transaction the Lachlan Fold Belt Project demonstrates a porphyry Copper-Gold project near Newmont Mining’s Cadia project with strong drill results o Drilling completed at the Company’s Esperança Project in Minas Gerais, Brazil o Up to 300m of core has been selected for assay and is currently pending results o Completion of 499 soil samples across the Company’s Dundas tenements with results up to 147ppm Lithium at Dundas North and 104ppm Lithium at Dundas South Lightning Minerals’ Managing Director Alex Biggs said, “The Company has been busy this Quarter evaluating multiple new project opportunities that will add value to the Company. The proposed acquisition of Lotus Minerals provides exposure to brownfields projects in both gold and copper. The Mt Turner Gold Project demonstrates significant gold potential along a 14km strike and will be the focus of a targeted drill program post the Company’s upcoming EGM. It is important that we provide our shareholders with the opportunity to benefit from the buoyant gold and copper markets as well as Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 maintain our lithium presence in Brazil. The team in Brazil is now focused on target generation across all three project areas in the Lithium Valley region of Minas Gerais. This allows the Company to conduct low cost exploration and be ready with targets for drilling once the lithium price and sentiment improves. We thank our existing shareholders for their support during the Quarter and welcome new shareholders as part of the proposed Lotus Minerals acquisition”. OPERATIONAL REVIEW CARAÍBAS, SIDRÔNIO AND ESPERANÇA PROJECT OVERVIEW (100% L1M) Exploration has focused on completion of phase 1 drilling at the Esperança project targeting the spodumene bearing pegmatites discovered in November 2024 (ASX Announcement 18 November 2024). Spodumene was confirmed during the period through Raman Spectroscopy (ASX Announcement 17 January 2025). 1,400m of diamond drilling was completed with samples currently being selected and to be sent for assay. Up to 300m of samples will be sent for multi-element analysis at SGS’ Belo Horizonte laboratory subsequent to end of Quarter. Multiple areas of lithium in soil anomalism have previously been identified including a 2km lithium in soil anomaly up to 239ppm Li at the Caraíbas project (ASX Announcement 02 December 2024) and lithium in soil anomalism up to 113ppm Li at the Canabrava project (ASX Announcement 03 October 2024). Infill soil sampling results across these key areas of interest was released during the Quarter for the Caraíbas and Canabrava projects with results up to 429ppm Lithium and 320ppm Lithium respectively. Works are ongoing in Brazil with a focus on further target generation across all three assets: Esperança, Caraíbas and Canabrava. This will allow the Company to have drill ready lithium targets which can be executed when sentiment in the lithium sector improves. The Company still believes in the significant potential that its Brazilian asset portfolio represents. DUNDAS PROJECT OVERVIEW (100% L1M) Follow up infill soil sampling was completed across the Dundas North and Dundas South tenements following areas of interest identified in the previously completed regional soil sampling program on Dundas North tenements E28/3027 and E28/3028 (ASX Announcement 01 May 2023). Results were received during the Quarter following a detailed infill program with results up to 147ppm Lithium at Dundas North and 104ppm Lithium at Dundas South. Expenditure commitments have been met and the Company is now evaluating next steps for the project area. DALMAS AND HIVER PROJECT OVERVIEW (100% L1M) A data review and evaluation of regional data has been completed by specialist Canadian consultants to determine a pathway forwards for both project areas when lithium sentiment returns. Results are being evaluated by the Company’s geology team. MAILMAN HILL PROJECT OVERVIEW (100% L1M) Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Evaluation is ongoing subsequent to end of Quarter regarding potential for an Aircore and/or Reverse Circulation drilling programs to attempt to locate any potential extension to Cavalier Resources’ (ASX: CVR) Crawford Gold Project which is located adjacent to the Mailman Hill tenement. MT BARTLE PROJECT (100% L1M) Application for the Mt Bartle tenements is still pending based on execution of heritage agreements. Data review and analysis is ongoing and continues subsequent to the end of Quarter. Discussions regarding execution of heritage agreements are continuing. SUMMARY OF ANNOUNCEMENTS IN THE QUARTER (ending 30 June 2025) Announcement Date 30/05/2025 10/06/2025 Title Acquisition of Advanced Brownfields Gold and Copper Projects Soil Sampling at Dundas Further Defines Lithium Targets Acquisition of Advanced Brownfields Gold and Copper Projects (30 May 2025) • Acquisition of two highly prospective and advanced brownfields gold and copper projects in Queensland and New South Wales through the purchase of 100% of Lotus Minerals • Mt Turner Gold Project in Queensland presents both gold and copper potential with previous drilling results including: o o o o o 16m @ 3.56 g/t Au (Hole UMDT95_D04) 16.0m @ 3.60g/t Au (Hole UMDT95_D03) 12m @ 6.5g/t Au (Hole UMDT95_D03) 7m @ 1.7g/t Au and 43g/t Ag from 64m (Hole 21ISMDWRC001); and 3m @ 5.1g/t Au and 51g/t Ag from 83m (Hole DH2) • Drilling to begin at Mt Turner Projects within 8-weeks (pending approvals) targeting gold mineralisation beneath and along strike from historic pits along the 14km Drummer Fault • Mt Turner Copper Porphyry Project in Queensland demonstrates multiple geophysical targets • Lachlan Fold Copper Porphyry Project (Boree Creek) located between Newmont Corp’s (ASX: NEM) Cadia copper-gold mine and Evolution Mining’s (ASX: EVN) Northparkes copper-gold mine • Previous1 drilling results include 48m @ 0.35% Cu and 0.31g/t Au from 96m downhole within hole RC94DH06 plus multiple other large intersections clearly identifying a porphyry system • Upfront and deferred scrip consideration offered under the Proposed Acquisition with milestones based on the completion of 1,000m of drilling and establishment of a Mineral Resource Estimate of 250Koz Au and 500Koz Au • Capital raise completed to raise A$2.0M at share price of A$0.04 per share through GBA Capital and Canaccord Genuity Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Figure 1: Isometric view of Mt Turner project demonstrating the 14km Drummer Fault Figures 2 - 4: Clockwise from top left: Rocky’s Reward pit, Drummer Boy pit and Drummer Toy pit Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Figure 5: Previous gold intersections at the historic Drummer Toy pit Previous intersections at the Drummer Toy pit include: o o o o o o o o o o 16m @ 3.56 g/t Au (Hole UMDT95_D04) 16.0m @ 3.60g/t Au (Hole UMDT95_D03) 12m @ 6.5g/t Au (Hole UMDT95_D03) 6.0m @ 6.45g/t Au (Hole UMDT95_D06) 6.0m @ 4.9g/t Au (Hole UMDT95_D06) 4.1m @ 1.37g/t Au (Hole DH_3) 3.0m @ 5.1g/t Au (Hole DH_2) 2.0m @ 3.10g/t Au (Hole UMDT95_D05) 2.0m @ 2.03g/t Au (Hole DH_3) 1.7m @ 1.53g/t Au (Hole DH_5) The targets remain open along strike and down plunge. Historic mining focused on removal of shallow oxide material near surface with minimal exploration at depths below 100m of surface. Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Figure 6: Previous gold intersections at the historic Drummer West pit Previous intersections at the Drummer West pit include: o 7.0m @ 1.74g/t Au (Hole 21ISMDWRC001) o 5.0m @ 0.5g/t Au (Hole 21ISMDWRC001) o 7.5m @ 1.6g/t Au (Hole QMCD83_D04) The targets remain open along strike and down plunge. Historic mining focused on removal of shallow oxide material near surface with minimal exploration at depths below 100m of surface. Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Figure 7: Prior gold intersections at the historic Rocky’s Reward pit Prior intersections at the Rocky’s Reward pit include 6.0m @ 2.9g/t Au (Hole PD86_RR2). The targets remain open along strike and down plunge. The Rocky’s Reward pit is located approximately 4.5km to the West to the five historic open pits including Drummer Girl, Drummer Boy, Drummer West, Drummer East and Drummer Toy. The extent of the Drummer Fault is approximately 14km and presents an excellent opportunity to define targets along the strike of the fault and at depths greater than historic mining and previous drilling. The targets remain open along strike and down plunge. Historic mining focused on removal of shallow oxide material near surface with minimal exploration at depths below 50m of surface. Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Figure 8: Lachlan Fold Belt Projects – Borre Creek/Dairy Hill, Burdett and Manildra The Boree Creek/Dairy Hill Project is highly prospective for large-scale copper and gold porphyry mineralisation. Prior drilling undertaken by a CRA Exploration and Rio Tinto Joint Venture at the project produced strong results at shallow depths including: o o o o 48m @ 0.35% Cu and 0.31g/t Au (RC94DH06) 62m @ 0.23% Cu and 0.14g/t Au (DD95DH13) 57m @ 0.12% Cu and 0.10g/t Au (RC94DH06) 33m @ 0.23% Cu and 0.14g/t Au (DD95DH13) Under the proposed acquisition the Company also acquired the Mt Turner Copper project which has advanced IP targets and the Warby-Scardon Gold and Copper project, both located in Queensland. Further project details can be found in ASX Announcement 30 June 2025. Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Figure 9: Lightning Minerals - Dundas North tenure showing UFF+ lithium soil geochemistry results and incorporating previous results as reported 01 May 2023, with Magnetic RTP background Figure 10: Lightning Minerals - Dundas South tenure showing UFF+ lithium soil geochemistry results and incorporating previous results as reported 23 March 2023, with Magnetic RTP background Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 PROJECT GENERATION The Company has continued to review project opportunities during the Quarter. The principal output of these works has been the acquisition of Lotus Minerals (ASX Announcement 30 June 2025). Figure 11: Assets to be acquired under proposed acquisition of Lotus Minerals Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Figure 12: Esperança, Caraíbas and Canabrava project location, Minas Gerais, Brazil Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Figure 13: Lightning Minerals’ Brazilian tenements in in the Lithium Valley region of Minas Gerais Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Figure 14: Lightning Minerals’ Australian project tenement summary Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Figure 15: Location of Dundas project tenements Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Figure 16: Dalmas and Hiver project locations, James Bay, Quebec Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 FINANCE EXPLORATION EXPENDITURE The Company spent A$549,000 on direct exploration activities during the period, focused principally on exploration works in Brazil. The Company has cash and cash equivalents of A$0.71 Million at 30 June 2025. CHANGE IN BOARD OF DIRECTORS AND DIRECTOR’S INTERESTS There were no changes in the Board of Directors or in Director’s interests during the Quarter. FINANCING As part of the acquisition of Lotus Minerals, the Company has received firm commitments in relation to a placement from new and existing professional and sophisticated investors for A$2.00 million by the issue of 50,000,000 Shares at an issue price of $0.04 (Placement Shares) and 14,733,331 unquoted options exercisable at $0.075 each and expiring three (3) years from the date of issue (Placement Options) (Placement). The Placement Options have been allocated at the discretion of GBA Capital Holdings. The Placement will take place in two tranches as follows: (a) 15,499,248 Placement Shares to be issued utilising the Company’s placement capacity under Listing Rule 7.1, raising a total of A$619,970 (before costs) (Tranche 1) to be settled on the 4th July; and (b) 34,500,752 Placement Shares and 14,733,331 Placement Options subject to shareholder approval pursuant to Listing Rule 7.1, to raise a total of A$1,380,030 before costs (Tranche 2). The Company has engaged GBA Capital Holdings and Canaccord Genuity as to act as the Company’s joint lead managers and broker in connection with the Placement [and will each receive a fee of 6%. GBA Capital Holdings will receive its fee in the form of Shares and will be issued 5,000,000 Shares, subject to shareholder approval. Company directors Alex Biggs and Craig Sharpe will participate in tranche 2 of the placement, subscribing for securities to the value of A$35,000 and A$25,000 respectively. The directors participation in tranche 2 of the placement is subject to shareholder approval for the purposes of ASX Listing Rule 10.11. The issue of the Consideration Shares, Milestone Share, the Tranche 2 Placement Shares, Placement Options and the Broker Shares will be subject to the Company obtaining shareholder approval at an upcoming EGM of its shareholders. OTHER DISCLOSURES As disclosed under item 6.1 in the Appendix 5B and under ASX listing rule 5.3.5, the Company made payments for a total consideration of A$100,000 relating to payments for Executive and Non-Executive Directors for Director’s normal monthly fees and undertaking additional duties to support corporate and exploration activities. Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 CAPITAL STRUCTURE The capital structure at 30 June 2025 was as below. Table 1 demonstrates the dilutionary effect of the proposed acquisition of Lotus Minerals and related capital raise. Ordinary Shares 103,328,319 Ordinary Shares Options 40,389,258 L1MO : Listed Options (each exercisable at A$0.25 each expiring 13/03/28) 6,000,000 Options (each exercisable at A$0.105 each expiring 18/06/27) 5,450,000 Options (each exercisable at A$0.25 each expiring 27/09/27) 5,000,000 Options (each exercisable at A$0.25 each expiring 14/11/26) 80,000 Options (each exercisable at A$0.30 each expiring 06/04/27) 110,000 Options (each exercisable at A$0.40 each expiring 06/04/27) 140,000 Options (each exercisable at A$0.50 each expiring 06/04/27) Performance Shares 4,800,000 Class A Performance Rights Restricted (each vest upon 25 cent VWAP expiring 18/11/2027) 250,000 Class B Performance Rights (each vest upon 50 cent VWAP expiring 23/11/28) 500,000 Class C Performance Rights (each vest upon 75 cent VWAP expiring 23/11/28) 500,000 Class D Performance Rights (each vest upon $1.00 VWAP expiring 23/11/28) 14,285,714 Class E Performance Rights (each vest upon Resource of at least 5Mt @ 1.00% Li20 for Caraíbas or Sidrônio (now named Canabrava) project expiring 18 June 2027) 14,285,714 Class F Performance Rights (each vest upon Resource of at least 10Mt @ 1.00% Li20 for Caraíbas or Sidrônio (now named Canabrava) project expiring 18 June 2028) 11,428,571 Class G Performance Rights each vest upon Resource of at least 30Mt @ 1.00% Li 20 for Caraíbas or Sidrônio (now named Canabrava) project expiring 18 June 2029) Table 1: Dilutionary effect of proposed acquisition of Lotus Minerals Capital Structure Shares % Options Performance Rights or Milestone Shares Existing Securities Consideration Securities Milestone Shares1 103,328,319 30,000,000 50,000,000 5,000,000 188,328,319 54.9 15.9 26.5 2.7 100.00 57,169,258 14,733,331 71,902,589 46,049,999 60,000,000 106,049,999 Placement Securities Brokers Shares Total Post 2 Notes:Completion 1. On satisfaction of all Milestones, the Company will have 188,328,319 Shares on issue. 2. The total number of securities assumes no further securities are issued prior to the issue of the Third Milestone Shares. This announcement has been approved for release by the Board of Directors. -ends Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 ABOUT LIGHTNING MINERALS Lightning Minerals is a mineral exploration company, listed on the Australian Securities Exchange (ASX:L1M) and focused on the exploration of gold, critical minerals and lithium. The acquisition of Lotus Minerals provides the Company with access the gold and copper markets through near term, brownfields projects in Australia. The Company also owns the Caraíbas, Canabrava and Esperança lithium projects in Minas Gerais, Brazil, the Dundas projects in Western Australia, the Dalmas and Hiver lithium projects in Quebec, Canada. The Company also holds other projects in Western Australia which include Mt Bartle and Mailman Hill which are prospective for gold, base metals and critical minerals. FORWARD LOOKING STATEMENTS Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based. COMPETENT PERSONS STATEMENT The information contained herein that relates to exploration results is based on information compiled or reviewed by Mr Matthew Watson, who is a Competent Person and a member of the Australasian Institute of Mining and Metallurgy. Mr Watson is a full-time employee of the Company. Mr Watson has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Persons as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Watson consents to the inclusion of his name in the matters based on the information in the form and context in which it appears. Mr Watson holds options in Lightning Minerals. REFERENCES TO PREVIOUS ANNOUNCEMENTS The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements, and that all material assumptions and technical parameters have not materially changed. The Company also confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 APPENDIX 1 - SCHEDULE OF TENEMENTS AS AT 30 JUNE 2025 AUSTRALIAN TENEMENTS Tenement Status Area (km2) Grant Date Expiry Date Annual Rent (A$) Annual Expenditure (A$) Royalty Ownership E15/1748 Granted 29.13 6/11/2020 05/11/2025 2,750 20,000 1% NSR 100% E63/1932 Granted 17.01 30/09/2019 19/09/2024 1,650 20,000 1% NSR 100% E63/1993 Granted 29.07 15/05/2020 14/05/2025 2,750 20,000 1% NSR 100% E63/2000 Granted 93.10 23/10/2020 22/10/2025 8,800 32,000 1% NSR 100% E63/2001 Granted 23.24 23/10/2020 22/10/2025 2,200 20,000 1% NSR 100% E63/2028 Granted 46.50 14/05/2021 13/05/2026 2,448 20,000 1% NSR 100% E28/3027 Granted 160.84 17/05/2021 06/05/2026 8,415 55,000 1% NSR 100% E28/3028 Granted 55.51 17/05/2020 16/05/2026 2,907 20,000 1% NSR 100% Mt Jewell E27/566 Granted 8.89 8/11/2016 07/11/2026 2,133 30,000 1.5% NSR 100% Mailman Hill E37/1408 Granted 101.83 12/05/2021 11/05/2026 5,202 34,000 1% NSR 100% E53/2151 Pending 193.62 (01/10/2020) - - - 1% NSR 100% E53/2159 Pending 78.33 (08/09/2020) - - - 1% NSR 100% E53/2147 Pending 124.98 (18/12/2020) - - - 1% NSR 100% Project Dundas South Dundas North Mt Bartle *Applications for Mt Bartle tenements pending CANADIAN TENEMENTS – DALMAS PROJECT Project Dalmas Tenement Status Area (Ha) Registration Date Expiry Date Annual Rent (C$) Annual Expenditure (C$) Royalty Ownership 2699192 Granted 51,19 12/12/2022 11/12/2025 $170 $135 2% 100% 2699193 Granted 51,19 12/12/2022 11/12/2025 $170 $135 2% 100% 2699194 Granted 51,19 12/12/2022 11/12/2025 $170 $135 2% 100% 2699195 Granted 51,19 12/12/2022 11/12/2025 $170 $135 2% 100% 2699196 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699197 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699198 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699199 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699200 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699201 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699202 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699203 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699204 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699205 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699206 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699207 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699208 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699209 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699210 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699211 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699212 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% Level 11, 40 The Esplanade, Perth, Western Australia, Australia | admin@lightningminerals.com.au | (08) 9429 8806 Project Tenement Status Area (Ha) Registration Date Expiry Date Annual Rent (C$) Annual Expenditure (C$) Royalty Ownership 2699213 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699214 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699215 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699216 Granted 51,18 12/12/2022 11/12/2025 $170 $135 2% 100% 2699217 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699218 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699219 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699220 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699221 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699222 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699223 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699224 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699225 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699226 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699227 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699228 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699229 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699230 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699231 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699232 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699233 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699234 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699235 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699236 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699237 Granted 51,17 12/12/2022 11/12/2025 $170 $135 2% 100% 2699238 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699239 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699240 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699241 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699242 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699243 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699244 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699245 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699246 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699247 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699248 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699249 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699250 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699251 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699252 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699253 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699254 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699255 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699256 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699257 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699258 Granted 51,16 12/12/2022 11/12/2025 $170 $135 2% 100% 2699259 Granted 51,15 12/12/2022 11/12/2025 $170 $135 2% 100% 2699260 Granted 51,15 12/12/2022 11/12/2025 $170 $135 2% 100% Level 11, 40 The Esplanade, Perth, Western Au