Announcement PDF Au Gold Cu Copper ACQUISITION OF ADVANCED GOLD AND COPPER OPPORTUNITIES IN AUSTRALIA GOLD AND COPPER TODAY. LITHIUM TOMORROW ASX:L1M www.lightningminerals.com.au ASX : L1M Li Lithium Important Notice and Legal Disclaimer This presentation has been prepared by Lightning Minerals Ltd ACN 656 005 122 (‘Company’) to provide readers with background information only to obtain a general understanding of the Company’s plans and objectives in the context of its proposed commercial activities. This presentation is to be treated as confidential information. The recipient of this presentation must not copy, reproduce or distribute it to any person, other than where expressly agreed with the Company. 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Neither the Company nor its advisors have any responsibility or obligation to update this presentation or inform the reader of any matter arising or coming to their notice after the date of this presentation document which may affect any matter referred to in the presentation. 2 PORTFOLIO SYNERGY, NOT DIVERSION – BROWNFIELD PROJECT ACQUISITION WITH NEAR-TERM DRILLING27 PORTFOLIO SYNERGY Natural hedge against lithium price cycles Energy-transition relevance: EV and grid-storage demand Separate business units: East Coast gold and copper, Brazil lithium DEAL STRUCTURE AND MILESTONES Milestone-based earn-in anchored by strong existing IP GOLD AND COPPER TODAY. LITHIUM TOMORROW. Near-term drilling targets to generate meaningful news flow Balanced with ongoing lithium commitment in Brazil Gold: resilient and at record prices TIER-1 JURISDICTIONS Copper: essential for electrification and renewable-energy build-out Key tenements in QLD Goldfields and NSW’s Lachlan Fold Belt Infrastructure-rich: road, rail, power, access and tier-1 operators Historical exploration and advanced targeting: previous exploration Lithium: demand continues surging with global EV and storage rollout (e.g. Mt Turner) delivers de-risked, near-term drill readiness Porphyry potential in NSW and QLD: world-class neighbours and operations Ongoing target generation: ability to execute lithium targets in Brazil’s Lithium Au Cu Li Valley when sentiment turns Gold Copper Lithium ASX : L1M 3 Gold and Copper – QLD and NSW - Australia Investment Rationale – Acquisition of Lotus Minerals Gold and Copper – QLD and NSW - Australia Multi-Commodity Strategy: Gold & Copper with a Lithium Advantage CRITICAL-MINERALS DELIVERING PRECIOUS-METALS EXPOSURE AND A NATURAL HEDGE FOR INVESTORS ASSETS ACQUIRED STRUCTURE QLD Gold and Copper Projects: 4 granted licences in Far North Queensland Agreements with deferred vendor milestone components based on progress and success NSW Copper–Gold Projects: 3 exploration licences in the Lachlan Fold Belt 100% ownership with no farm-in or jointventure encumbrances Q3 25 Q4 25 Mt Turner gold project drilling Mt Turner gold project drilling Mt Turner gold project target generation Mt Turner gold project target generation Mt Turner copper project target generation Mt Turner copper project drilling Lachlan Fold Belt target generation Target generation – All projects COMPONENT CONSIDERATION (L1M ORD SHARES) CONDITIONS Initial Consideration 30,000,000 Upfront Milestone 1 10,000,000 Completion of drilling at least 1,000m Milestone 2 20,000,000 250,000 oz Au or Au Eq JORC Inferred Resource Au Cu Li Milestone 3 30,000,000 500,000 oz Au or Au Eq JORC Inferred Resource Gold Copper Lithium ASX : L1M 4 Capital Structure and Team $0.038 $7.32M $1.45M 188M 72M 46M Share Price (29 August 25) Market Cap* Cash (29 August 2025) Shares on Issue* Options* Performance Rights (29 August 2025) *Post completion and issue of transaction related shares Alex Biggs Craig Sharpe Jamie Day MANAGING DIRECTOR INTERIM NON-EXECUTIVE CHAIRMAN NON-EXECUTIVE DIRECTOR Mr Biggs is a Mining and Mechanical Engineer with over 20 years’ experience in the engineering and mining sectors. Mr Biggs is currently a Non-Executive Director at Metals Australia Ltd (ASX) and previously Managing Director of Critical Resources Ltd (ASX). He has held management and operational positions at Venturex Resources, Palisade Capital Corporation, Barrick Gold, and Principal level positions in consultancy and advisory capacities. ASX : L1M Mr Sharpe has over 25 years of experience across the finance sector in the Asia Pacific region. He is an experienced Company Director and Financial Advisor with a demonstrated history of working in the equity markets. Including over 25 years’ experience in the Australian stock market. Mr Sharpe is skilled in corporate governance, strategy, portfolio management and investments and is a MBA graduate of Monash University and a member of the Australian Institute of Company Directors. Mr Day is a qualified Geologist with over 30 years experience with a BSc (Hons) in Applied Geology and MSc in Mineral Exploration. Mr Day was Exploration Manager at Liontown Resources (ASX: LTR) where he led the team that discovered the Kathleen Valley project (156Mt @ 1.4% Li20) and Buldania project (15Mt @ 1.0% Li20). He led the team that discovered the Rosie and C2 nickel sulphide deposits for Independence Group (ASX: IGO) and played a key role in the delineation of >1 Million ounces of gold at the Moolart Well deposit. 5 STRATEGIC GROWTH AND DIVERSIFICATION IN GOLD AND CRITICAL MINERALS THROUGH ACQUISITION OF LOTUS MINERALS Near Term Drilling and News Flow: Results across multiple project areas demonstrate opportunity to drill targets in the near-term both with gold and copper targets. Significant news flow to be generated across both commodities Tier-1 Discovery Potential and IP: Strong historical results, geology, location and deposit style indicate potential for scale. Acquisition will also bring project specific personnel and IP accelerating works Diversifies and Strengthens Portfolio: Adds gold and copper exposure to complement Lightning’s lithium focus, enhancing growth opportunities across high-demand commodities Macro Tailwinds: Gold remains resilient at near-record prices. Copper is a high demand critical mineral into the future. Lithium demand continues to surge with global electrification and energy transition Milestone Based Deal: Deal is based on success and achievement of project related milestones with strong existing IP to accelerate drilling and exploration strategies Balanced Growth Strategy: Maintains commitment to lithium in Brazil while seizing a compelling gold and copper opportunity with near term news flow and proven mineralisation ASX : L1M 6 Gold and Copper – QLD and NSW - Australia Advanced Gold and Copper Projects in Australia Gold and Copper – QLD and NSW - Australia Acquisition of Lotus Minerals DRILL READY TARGETS AND SIGNIFICANT DISCOVERY POTENTIAL IN QUEENSLAND AND NEW SOUTH WALES QUEENSLAND Two projects (Mt Turner and Warby Scardon) in the highly prospective Georgetown Inlier in the North Queensland Region covering 829km2 Prospective for orogenic gold and Cu-Au porphyry systems with multiple drill ready targets at the Mt Turner project Immediate exploration target area to focus on five historical shallow oxide pits occurring along a 14km strike of prospective fault system Previous historic (Non JORC compliant) 1a drilling to guide exploration. Near-term drill targets beneath pits and along strike NEW SOUTH WALES Three projects covering 788km2 (Boree Creek, Burdett and Manildra) located in the prolific Lachlan Fold Belt between the Northparkes project (Evolution Mining (ASX: EVN)) and Cadia Valley projects (Newmont Mining (ASX: NEM)) Highly prospective for Cu-Au porphyry systems with historic drill results including 48m @ 0.35% Cu and 0.31g/ t Au from 96m (RC94DH06) 2a ASX : L1M 7 2a CRA Exploration Ltd / Rio Tinto (JV) 1994 – NSW Digital Imaging Geological System Reports (DIGS) No. R00000144 (https://search.geoscience.nsw.gov.au/report/R00000144) CLEAR GOLD TARGETS WITH HISTORICAL INTERCEPTS ALONG 14KM TREND Located in the western portion of the Georgetown Inlier, within the Etheridge Goldfield Five historical shallow oxide pits mined during the 1990’s along the Drummer Fault The Drummer fault represents a gold targeting zone over 14km of strike Near term drill targets beneath pits and along strike Further field exploration strategies targeting peripheral veins and soil sampling for target generation ASX : L1M Historical (Non JORC) results of include: Essex Minerals Inc (2021) 7m @ 1.7g/t Au and 68g/t Ag from 64m downhole inc 3m @ 2.93 g/t Au from 65-68m (Hole 21ISMDWRC001)3a 3m @ 5.1g/t Au and 51g/t Ag from 83m downhole (Hole DH-2)3a CRA Exploration Ltd (1987) 16m @ 3.56 g/t Au (Hole UMDT95_D04)5a 16.0m @ 3.60g/t Au (Hole UMDT95_D03)5a 12m @ 6.5g/t Au (Hole UMDT95_D03)5a 7.5m @ 1.6g/t Au (Hole QMCD83_D04)5a 8 3a Essex Minerals (TSX-V:ESX) TSXV Announcement - Essex Reports Numerous High-Grade Gold Intercepts At Drummer Fault, October 13, 2021 Gold and Copper – QLD and NSW - Australia Mount Turner Gold Project Gold and Copper – QLD and NSW - Australia Mount Turner Gold Project DRILL READY TARGETS WITH PREVIOUS INTERSECTIONS UNDER HISTORIC OPEN PITS Drill plan – initial 1,000m following project acquisition targeting beneath existing pits Substantial historic exploration drilling data exists over project area accelerating future exploration Proven gold mineralisation along Drummer fault – 14km of exploration potential Historic mining – mining of oxide through open pits provides clear focus for initial drill targeting ROCKY'S REWARD PIT Additional works include: Airborne and ground based radiometrics Aero-magnetics and LiDAR Sampling and reconnaissance Target generation along 14km trend DRUMMER TOY PIT ASX : L1M DRUMMER BOY PIT 9 MULTIPLE DRILL-READY TARGETS ALONG STRIKE AND BENEATH HISTORIC PITS Short-term exploration will focus on delineating plunging, breccia-hosted gold shoots along the Drummer Fault, with additional potential for hypogene gold mineralisation beneath shallow oxide pits. 10 ASX : L1M Note: Historical drill results shown are not considered to meet JORC 2012 standard, please refer to Appendices - Disclaimer - Reporting of Historical Drilling Reference 1 Relating to the Reporting on non JORC compliant drill results 3a Essex Minerals (TSX-V:ESX) TSXV Announcement - Essex Reports Numerous High-Grade Gold Intercepts At Drummer Fault, October 13, 2021 4a Essex Minerals (TSX-V:ESX) TSXV Announcement – Exploration Update – Mt Turner Project, June 21st 2022 5a CRA Exploration Ltd 1987 - Clark Creek A to P 4416M, North Queensland, Report On Investigations For The First Six Months Of Tenure, Gold and Copper – QLD and NSW - Australia Mount Turner Gold Project Gold and Copper – QLD and NSW - Australia Mount Turner Gold Project HISTORIC PITS UP TO 4.5KM APART ALONG 14KM DRUMMER FAULT 11 ASX : L1M Note: Historical drill results shown are not considered to meet JORC 2012 standard, please refer to Appendices - Disclaimer - Reporting of Historical Drilling Reference 1 Relating to the Reporting on non JORC compliant drill results 3a Essex Minerals (TSX-V:ESX) TSXV Announcement - Essex Reports Numerous High-Grade Gold Intercepts At Drummer Fault, October 13, 2021 4a Essex Minerals (TSX-V:ESX) TSXV Announcement – Exploration Update – Mt Turner Project, June 21st 2022 5a CRA Exploration Ltd 1987 - Clark Creek A to P 4416M, North Queensland, Report On Investigations For The First Six Months Of Tenure, Gold and Copper – QLD and NSW - Australia Mount Turner Cu-Au-Mo Project GEOPHYSICS HAS IDENTIFIED SIGNIFICANT COPPER, GOLD AND MOLYBDENUM PORPHYRY POTENTIAL Porphyritic intrusive at Mt Turner Project has potential for Porphyry related Cu-Au-Mo system covering 16km2 Induced Polarity geophysics by Meryllion Resources Corp in 2022 (CSE: MYR) 8a highlight three drill ready shallow porphyry targets Review valuable existing data including LiDAR, geology, geochemistry and magnetics to drive exploration of major targets No recent drilling has targeted anomalous Cu and Mo soil geochemistry results Further infill soil sampling and data reinterpretation to identify priority drill targets 4a Essex Minerals (TSX-V:ESX) TSXV Announcement – Exploration Update – Mt Turner Project, June 21st 2022 ASX : L1M 8a Meryllion Resources Corporation - Exploration Update - Mt Turner Project ‘ released to CSE on June 21st, 2022 available to view at https://meryllionres.com/news-releases/meryllion-resources-corp-announces-exploration- up-4443/ 12 SIGNIFICANT COPPER-GOLD INTERSECTIONS UP TO 48M @ 0.35% CU AND 0.31G/T AU2 INDICATES SCALE POTENTIAL Three Projects in the prolific Lachlan Fold Belt in New South Wales: Boree Creek/Dairy Hill, Burdett and Mildra Region is home to world-class epithermal gold and porphyry copper-gold deposits, including: Cadia Valley (Newmont): 42Moz Au, 8.7Mt Cu6a, and Northparkes (Evolution): 2.5Moz Au, 2.3 Mt Cu7a Prior drilling undertaken by a CRA Exploration Rio Tinto Joint Venture at the Boree Creek Project including 48m @ 0.35% Cu and 0.31g/t Au (RC94DH06) 2a The Projects are within the Lachlan Traverse Zone (LTZ) of the Lachlan Fold Belt. Located approximately half-way between the world class Cadia Valley and Northparkes porphyry Au-Cu mines The LTZ is host to numerous porphyry, epithermal, skarn, orogenic gold, base metal and precious metal mines and proven resources Clear exploration targets with potential scale ASX : L1M 13 2a CRA Exploration Ltd / Rio Tinto (JV) 1994 – NSW Digital Imaging Geological System Reports (DIGS) No. R00000144 Gold and Copper – QLD and NSW - Australia Lachlan Fold Belt – Large Scale Copper Porphyry Potential Near to Cadia Valley and Northparkes Gold and Copper – QLD and NSW - Australia Lachlan Fold Belt – Boree Creek SIGNIFICANT COPPER-GOLD INTERSECTIONS DEMONSTRATE PORPHYRY SCALE POTENTIAL Four shallow drill holes by CRA Exploration Rio Tinto Joint Venture demonstrate potential scale 48m @ 0.35% Cu and 0.31g/t Au (RC94DH06) 2a 62m @ 0.23% Cu and 0.14g/t Au (DD95DH13) 2a 57m @ 0.12% Cu and 0.10g/t Au (RC94DH06) 2a 33m @ 0.23% Cu and 0.14g/t Au (DD95DH13) 2a Proven porphyry system that hasn’t been tested at depth Clear exploration targets with potential scale both along strike and at depth Geophysics required to locate targets at depth Surface reconnaissance works to determine strike potential Regional analogous projects such as Cadia Valley (Newmont Corporation, ASX: NEM) Recent commercial transactions in the region include Fortescue Metals’ (ASX:FMG) farm-in deal with Magmatic Resources (ASX: MAG) Deal is A$14M over 6 years to earn up to 75% interest in project which demonstrates potential commercialisation opportunities for the region ASX : L1M 14 2a CRA Exploration Ltd / Rio Tinto (JV) 1994 – NSW Digital Imaging Geological System Reports (DIGS) No. R00000144 Gold and Copper – QLD and NSW - Australia Warby Scardon Project MULTIPLE ADDITIONAL HIGH PRIORITY GOLD, COPPER AND BASE METAL TARGETS The Warby-Scardon gold project includes two tenements with multi commodity potential The projects are prospective for gold, silver and base metals located in the prospective Warby and Scardon Caldera complexes of the Georgetown Inlier in North Queensland Region is considered underexplored with little modern exploration Projects present excellent early-stage opportunity and located in proximity to the Mt Turner Gold and Mt Turner Copper Projects allowing shared exploration resources Target generation strategies include: Airborne and ground based radiometrics Aero-magnetics LiDAR Sampling and reconnaissance Historic data review ASX : L1M 15 Gold and Copper – QLD and NSW - Australia Lachlan Fold Belt – Corryong Project , Victoria SIGNIFICANT COPPER AND GOLD POTENTIAL IN AN UNDER EXPLORED REGION Location: The Corryong Project is a granted exploration lease located in the Lachlan Fold Belt on the Victorian side of the NSW-Victorian border Desktop reviews: Desktop reviews of available data suggest the licence may be host to Orogenic Gold, poly-metallic Skarn and Porphyry (+/- Mo, Au, Cu, Ag) mineralisation Targets: To focus on exploration analogues of Climax and Henderson Molybdenum mines in the USA ASX : L1M 16 Minas Gerais - Brazil Minas Gerais, Brazil A LITHIUM POWERHOUSE World’s fifth largest Lithium exporter in 2023 and growing with Lithium Valley being one of the world’s premier Lithium regions Minas Gerais government supporting investment and development through Invest Minas with MoU executed with Lightning Minerals in October 2024 Strong mining expertise throughout Minas Gerais with highly skilled mining and exploration personnel ASX : L1M 17 Minas Gerais - Brazil We Still Believe in the Longevity of the Lithium Thematic. And Brazil TAKING A LONGER-TERM OUTLOOK ON LITHIUM LITHIUM TOMORROW Drill ready targets in the best Policy Driven Change Mass Adoption A substantial rise in critical minerals is needed to swiftly By 2035, more than half of new passenger vehicles sold deploy clean energy technologies as per global government worldwide will be electric – based only on existing policies policies to promote change Right Commodity Right Country Critical minerals demand to rise by as much as six times, Brazil is emerging as one of the world’s top Lithium producers but individual minerals led by Lithium to rise even faster lithium jurisdiction in the world, awaiting the right market conditions. ASX : L1M Source: S & P Global 18 Minas Gerais - Brazil Brazil: An Emerging Superpower Low-cost jurisdiction with a skilled workforce and a supportive government encouraging investment Strong infrastructure and economic stability. EU- Mercosur trade agreement signed in December 2024. $1.92 trillion (2022) → $2.33 trillion (2024, est.) 211M (2019) → 216.73M (2024, est.) Abundant mineral resources EV sales surge in H1 2024 ECONOMIC WORKFORCE MINING EMERGING MARKETS 10th largest GDP globally 79th GDP per capita globally Predominantly youthful workforce driving innovation and productivity Rich in mineral resources and geological diversity Leading in renewable energy, mining, and technology Largest GDP in Latin America Skilled on ground experience and discovery track records Established infrastructure and government support EV sales are surging, highlighting Brazil’s shift towards clean technology Member of BRICS Positioned for global demand and downstream industries ASX : L1M 19 Minas Gerais - Brazil Esperança, Caraíbas and Canabrava Projects MULTIPLE EMERGING DRILL TARGETS Location 4,400 Ha in the prolific Eastern Brazilian Pegmatite Province “Lithium Valley” of Minas Gerais 20km south of Pilbara Minerals’ (ASX: PLS) Colina project (70.9Mt @ 1.25% Li2O) and north of Sigma Lithium’s (NASDAQ: SGML) Grota do Cirilo project (108.9Mt @ 1.41% Li2O) Positive Results and Indicators Spodumene discovery22 at Esperança grading 4.04% Li2O (LIBS) from artisanal workings including multiple outcropping pegmatites across all tenements Multiple high grade soil sampling results up to 429ppm Li indicates high prospectivity26 and 6 Priority 1 geophysical targets24 Work Programs Phase 1 soil sampling completed December 24 across all tenements – Multiple targets identified Phase 1 drilling at Esperança started in Q1 2025 – further target generation underway through 2025 ASX : L1M 20 Minas Gerais - Brazil Esperança, Caraíbas and Canabrava Projects MOVING QUICKLY IN THE LITHIUM VALLEY JUNE 2024 Completion of acquisition of Bengal Mining and A$1.5M capital raise at A$0.07 JULY 2024 Start of soil sampling and ground reconnaissance works at Caraíbas and Canabrava AUGUST 2024 Acquisition of the Esperança project under exclusive option for 2 years OCTOBER 2024 Lithium targets identified at Canabrava project (lithium in soil anomalism up to 113ppm Li) NOVEMBER 2024 Spodumene discovery at Esperança grading at 4.04% Li20 DECEMBER 2024 Completion of soil sampling across all project areas in Brazil (lithium in soil anomalism up to 429ppm Li) May 2025 Initial drilling completed at the Esperança project Ongoing target generation – we’ll be prepared when lithium sentiment improves ASX : L1M 21 Esperança, Caraíbas and Canabrava Targets MULTIPLE HIGH PRIORITY DRILL TARGETS – TARGET GENERATION CONTINUES Esperança Project Caraíbas Project Canabrava Project Up to 2,000m drill program begun February 2025 Up to 1,500m planned (Initial targeting) Meters TBC (Planning underway) Target Target Target Spodumene discovery up to 4.04% Li2O (LIBS) with multiple pegmatite occurrences Drilling Completed Q2 2025 ASX : L1M 2km NW-SE trend (West), Lithium in soil anomalism NW-SE trend, Lithium in soil anomalism up to up to 239ppm Li and 1.5km NW-SE trend (East), 113ppm Li with multiple pegmatite occurrences 23,26 Lithium in soil anomalism up to 429ppm Li (West) and up to 320 ppm Li trend (South-East) Drilling Drilling TBC TBC 22 Timeline of Work AUSTRALIA & CANADA BRAZIL QLD & NSW Q3 25 Q4 25 Q1 26 Q2 26 Mt Turner gold project target generation Mt Turner gold project drilling Lachlan Fold Belt drilling Mt Turner gold project target generation Target generation – All projects Lachlan Fold Belt target generation and sampling Mt Turner gold project drilling Mt Turner gold project drilling Mt Turner gold project target generation Mt Turner gold project target generation Mt Turner copper project target generation Mt Turner copper project drilling Lachlan Fold Belt target generation Target generation – All projects Thesis development – Mt Turner gold and copper projects Ground reconnaissance Ground reconnaissance Target evaluation Potential drilling Caraíbas* Target generation at Caraíbas Target generation at Canabrava Drill planning Caraíbas Potential drilling Canabrava* Thesis development at Esperança Sampling and mapping Drill planning Canabrava Target generation Review of Dundas North Review of Dundas North Potential drilling Dundas North* Target generation Dundas North Target generation Dundas North Assays Dundas North Potential field program Dalmas/Hiver (Canada) Thesis development Dalmas/Hiver (Canada) Thesis development Dalmas/Hiver (Canada Thesis development Dalmas/Hiver (Canada) Further works at Dundas TBA ASX : L1M *dependent upon target generation and lithium sentiment Target generation – All projects 23 Invest in Lightning Strong Asset Base Driving Growth PORTFOLIO SYNERGY WORLD-CLASS ASSETS Proven regions in Australia, Brazil and Canada, near key projects and discoveries offering stability and optionality We want to stay honest to our vision – we’re not chasing just what’s hot, we’re committed to projects that add real value PROVEN RESULTS NEAR-TERM & MEDIUM-TERM STRATEGY Giving our shareholders a chance to benefit from the strong Gold and Copper markets in the nearterm and the Lithium market in the medium-term RELEVANCE Exploration of highly prospective, exciting assets in relevant commodities. Proactive, agile decision making that creates opportunity ASX : L1M Proven track record of delivering milestones on time and within budget, consistently meeting expectations and delivering on our commitments MOTIVATED TEAM Trusted local and global team committed to growth and success 24 Au Li Gold Lithium Cu Copper For more information contact Alex Biggs Managing Director alex@lightningminerals.com.au ASX:L1M www.lightningminerals.com.au ASX : L1M Authorised by the Board of Directors for Release Other Projects ASX : L1M Western Australia - Australia Western Australia THE WORLD’S NUMBER ONE LITHIUM PRODUCER Represented 47% of the world’s Lithium supply in 2023 Team experienced in Lithium exploration within Australia Well-developed Lithium expertise, infrastructure and project development skillsets ASX : L1M 27 Western Australia - Australia Dundas Projects Two Project Areas Located in the emerging Lithium super province in Western Australia, close to major Resource projects and infrastructure Location Northern tenements 30km east of Bald Hill (58Mt at 0.94% Li2O). Southern tenements surround Liontown Resources (ASX: LTR) Buldania project: 15Mt at 1.0% Li2O9 Strong Early-Stage Results Phase 1 of drilling on E63/2001 and E63/2000 were completed with multiple geophysical and Lithium in soil anomalism up to 218ppm1,2,3,4,7,8, 10, 12, 14, 15, 18 In May 2024 results demonstrated a continuation of strong Lithium and rubidium occurrences - up to 994ppm Lithium and 1,834 ppm rubidium at depths of up to 26m18 Phase 2 Exploration Underway Fu