Announcement PDF ASX ANNOUNCEMENT 30 April 2026 A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au QUARTERLY ACTIVITIES REPORT FOR THE PERIOD ENDED 31 MARCH 2026 HIGHLIGHTS • Appointment of experienced resources executive Troy Brice as Chief Executive Officer, effective 23 March 2026, to lead the Company’s next phase of growth • Strategic reset announced in April, repositioning Lightning Minerals as a focused, gold-led Australian exploration and development company • Mt Turner Gold Project established as flagship asset and primary value driver, with capital prioritised toward advancing the project • Large-scale gold system confirmed at Mt Turner, with mineralisation extending over ~12–14km along the Drummer Fault and multiple high-priority targets identified • Next phase of drilling at Mt Turner fully funded and scheduled to commence, targeting resource definition and expansion • Disciplined portfolio simplification underway, with gold as the primary focus, copper retained for strategic growth, and lithium assets to be divested or partnered • Clear pathway to value creation, with focus on execution, capital efficiency and development of high-quality assets in Tier 1 Australian jurisdictions Lightning Minerals Limited (ASX: L1M or “the Company”) is pleased to report Quarterly Activities Report for the period ended 31 March 2026. ASX: L1M Shares on Issue 277,328,319 Cash Position A$1.238m (at 31 March 2026) Non-Executive Chairman Mr David Vilensky Performance Rights Outstanding 46,922,727 Non-Executive Director Mr Jamie Day Unlisted Options Outstanding 33,013,331 Non-Executive Director Mr Justyn Stedwell Listed Options Outstanding 158,514,258 Chief Executive Officer Troy Brice A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 2 Chief Executive Officer Troy Brice commented: “This Quarter has been a significant step forward for the Company. With fantastic results from our first drill program at our wholly owned Mt Turner project in Queensland, we are now set up for Phase 2 of drilling. The Mt Turner project is an extremely target rich environment which we are excited to continue our exploration works on. We believe that the Mt Turner project has the potential to host a significant gold system. From acquisition of the project in July 2025 to completion of drilling in November 2025 not only have we achieved some fantastic drilling results we have also identified multiple additional target areas. Our soil and rock chip sampling campaign continues to support new target area analysis, including the extension of the known mineralisation 2.7km to the west along the Drummer Fault. This increases the strike of known mineralisation along the Drummer Fault to 12km. We have also confirmed our exploration model for Mt Turner which provides confidence in our exploration approach and the opportunity the project represents for the Company. We are excited to continue our successes in 2026 and look forward to realising the growth potential that the project represents.” Post Balance Date Event – Strategic Repositioning Subsequent to the end of the quarter, the Company announced a strategic reset and portfolio simplification to reposition Lightning Minerals as a focused, gold-led Australian exploration and development company. The reset follows a comprehensive review of the Company’s asset base, capital allocation framework and prevailing market conditions, and is designed to enhance focus, capital efficiency and long-term shareholder value. Under the revised strategy: • Gold has been established as the primary commodity focus, reflecting its near-term development and value realisation potential • Copper will be retained as a strategic growth exposure, aligned with long-term electrification demand • Lithium assets have been reclassified as non-core, with the Company progressing pathways to divest or partner these assets to unlock value The Company’s wholly owned Mt Turner Gold Project in Queensland has been designated as the flagship asset and primaryvalue driver, with capital prioritised toward advancingthe project through ongoing exploration and drilling. The strategic repositioning also includes a simplified portfolio structure and a disciplined approach to capital allocation, with a clear focus on advancing high-quality assets within Tier 1 Australian jurisdictions. The Board believes this reset provides a clear and focused platform for value creation, positioning the Company to deliver both near-term exploration results and longer-term growth. A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 3 FLAGSHIP FOCUS – MT TURNER GOLD PROJECT The inaugural drill campaign at Mt Turner returned significant intersections of gold and base metals from eight of nine drill holes. Significant gold intersections were achieved at Pit 3 (Drummer West), Pit 5 (Drummer Girl) and Pit 6 (Rocky Reward). Hole 25L1MP3DD001 at Pit 3 along the Drummer Fault is the current standout target for the next phase of drilling with a reported intersectionof 20.4m @ 2.4g/t Au and 14.3g/tAg from 62m, including 1.8m @ 10.6g/t Au and 27.1g/t Ag from 77m (ASX Announcement 21 October 2025). This is highly encouraging as it demonstrates width, grade and the presence of high-grade epithermal gold mineralisation. The next round of drilling will focus on extending mineralization along strike and at depth beneath Pit 3, working towards defining a Maiden Mineral Resource Estimate. BOREE CREEK, BURDETT, MANILDRA AND CORRYONG PROJECTS OVERVIEW (100% L1M) As part of the Lotus Minerals acquisition (ASX Announcement 05 September 2025) the Company has begun to evaluate the wholly owned Boree Creek, Burdett and Manildra copper and gold projects in the prolific Lachlan Fold belt. The projects are located between the tier one Northparkes project (Evolution Mining, ASX: EVN) and Cadia Valley project (Newmont Mining, ASX: NEM). The Company expects a formulated plan for execution in 2026 to further develop the already identified porphyry system which includes historic drill results including 48m @ 0.35% Cu and 0.31g/ t Au from 96m (RC94DH06). Works are underway planning a soil sampling campaign to identify a potential extension to the footprint of the Boree Creek porphyry system. The Company also acquired the Corryong Project located in the Lachlan Fold Belt on the Victorian side of the NSW-Victorian border. Desktop reviews of available data suggest the project may be host to Orogenic Gold, poly-metallic Skarn and Porphyry (+/- Mo, Au, Cu, Ag) mineralisation. Plans are underway for initial reconnaissance work in 2026 with the tenements now granted. MAILMAN HILL PROJECT OVERVIEW (100% L1M) A Reverse Circulation drilling program is being planned to target potential supergene extensions of Cavalier Resources’(ASX: CVR) Crawford Gold Project which is located adjacent to the Mailman Hill tenement. Drilling is planned for H2 2026 post approvals once submitted. 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. DUNDAS PROJECT OVERVIEW (100% L1M) The Dundas projects are under review by the geology team. Continued evaluation of existing data and regional prospectivity is ongoing. A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 4 CARAÍBAS, CANABRAVA (SIDRÔNIO) AND ESPERANÇA PROJECT OVERVIEW (100% L1M) Target generation works have been ongoing at the Company’s projects in the Lithium Valley region of Minas Gerais. The Esperança Project was dropped during the reporting period. The decision to drop the Project was based on a number of factors including previous drilling results, subdued soil lithium values, low fractionation results in rock chips and a scarcity of pegmatite outcrops elsewhere on the tenement. Desktop technical works are ongoing in Brazil with a focus on further target generation across its two assets: Caraíbas and Canabrava. DALMAS AND HIVER PROJECT OVERVIEW (100% L1M) The Dalmas and Hiver projects are under review by the geology team. Continued evaluation of existing data and regional prospectivity is ongoing. The Exclusive Exploration Rights for the Project have been renewed for another 2 years. PROJECT GENERATION The Company has continued to review project opportunities during the Quarter with no immediate investments recommended. CORPORATE UPDATE The Company focused on executing a disciplined strategic reset during the quarter, supported by a transition in leadership and Board composition. During the period, Mr. Troy Brice was appointed as Chief Executive Officer, bringing significant global resources experience and a strong track record in project development, strategic planning and capital markets. As part of this transition, former Managing Director and CEO Alex Biggs provided notice of his resignation, supporting an orderly handover of leadership responsibilities. The Company also strengthened its Board with the appointment of Mr Justyn Stedwell as an interim Non-Executive Director, adding extensive experience in governance, compliance and ASX-listed company oversight. In addition, Mr Craig Sharpe resigned as a Director during the quarter. The Board thanks Mr Sharpe for his contribution to the Company and wishes him well in his future endeavours. These changes reflect a broader alignment of the Company’s leadership structure with its refined strategic direction and focus on value creation. The Company continues to maintain a disciplined cost structure while progressing exploration activities, with a focus on advancing its flagship Mt Turner Gold Project. A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 5 FINANCE EXPLORATION EXPENDITURE The Company spent A$320,000 ondirectexplorationactivities during the period, focusedprincipally on reviewing the results of the drilling program at the Company’s Mt Turner Gold Project in Queensland and maintenance of the Company’s Brazillian Lithium Projects. The Company has cash and cash equivalents of A$1.238 Million at 31 March 2026. CHANGE IN BOARD OF DIRECTORS During the Quarter Mr Justyn Stedwell was appointed to the position of Non-Executive Director following the resignation of Director Mr. Alex Biggs. Mr Stedwell is the long-standing Company Secretary of Lightning Minerals and has a strong background in board governance and compliance. He has approximately twenty years’ experience as a Company Secretary of ASX listed companies across a wide range of industries and has previously served as a Non-Executive Director on five ASX listed company boards in the exploration and technology sectors. He has completed a Bachelor of Commerce at Monash University and has post graduate qualifications in Accounting, Finance and Corporate Governance. CHANGE OF EXECUTIVE Following the resignation of the inaugural Managing Director, Mr Alex Biggs on 6 February, Mr Troy Brice was appointed as Chief Executive Officer (CEO) on 23 March 2026. Terms of Appointment and Remuneration As CEO, Mr Troy Brice is appointed under the following terms: A$330,000 fixed remuneration per annum plus statutory Superannuation Discretionary Incentives 10,000,000 Performance Rights subject to shareholder approval: Vesting Conditions Expiry Date 2,500,000 Performance Rights Upon the share price of the Company achieving a 10-day VWAP of $0.05 for ten (10) consecutive trading days on the ASX 30 June 2027 2,500,000 Performance Rights Upon the share price of the Company achieving a 10-day VWAP of $0.15 for ten (10) consecutive trading days on the ASX 30 June 2027 2,500,000 Performance Rights Upon the share price of the Company achieving a 10-day VWAP of $0.30 for ten (10) consecutive trading days on the ASX 30 June 2028 2,500,000 Performance Rights Upon defining the first inferred resource at the Mt Turner Gold Project within two (2) years Two (2) years from date of grant A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 6 FINANCING During the March quarter, the Company completed Tranche 2 of the placement announced in the December 2025 quarter. The Company issued 29,417,921 placement shares at $0.032 per Share raising A$0.94 million, completing the $2.5 million raise to fund exploration activities announced in the previous quarter (27 November 2025). 78,125,000 options (Placement Options) and 40,000,000 broker options exercisable at A$0.04 per share with an expiry date of 3 March 2029. 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$144,000 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. These payments also included the final payment to the previous CEO. CAPITAL STRUCTURE The capital structure at 31 March 2026 is as follows. Ordinary Shares: 277,328,319 Ordinary Shares Options 40,389,258 L1MO : Listed Options (each exercisable at A$0.25 each expiring 13/03/28) 118,125,000 L1MOA: Listed Options (each exercisable at $0.04 each expiring 03/03/29) 14,733,331 Options (each exercisable at A$0.075 each expiring 18/09/28) 6,000,000 Options (each exercisable at A$0.105 each expiring 18/06/27) 5,950,000 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) 400,000 Options (each exercisable at A$0.075 each expiring 14/08/29) 250,00 Options (each exercisable at A$0.25 each expiring 14/08/29) 350,000 Options (each exercisable at A$0.105 each expiring 14/08/29) 500,000 Options (each exercisable at A$0.25 each expiring 12/12/30) A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 7 Performance Shares 5,672,728 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% Li20 for Caraíbas or Sidrônio (now named Canabrava) project expiring 18 June 2029) A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 8 LOOKING AHEAD The Company’s focus for the coming quarter will be on executing its refined strategy, with key activities including: • Commencement of the next phase of exploration activities at the Mt Turner Gold Project • Advancing Mt Turner toward resource definition through systematic drilling and target testing • Ongoing evaluation of Australian gold and copper opportunities to support pipeline growth • Progression of divestment or partnership pathways for non-core lithium assets • Maintaining disciplined capital management and cost control Lightning Minerals enters the next phase of its development with a clear strategic focus, a high-quality flagship asset and a defined pathway to value creation, underpinned by a strengthened leadership team and simplified portfolio. SUMMARY OF ANNOUNCEMENTS IN THE QUARTER (ended 31 March 2026) Announcement Date Title 25/03/2026 Appointment of Non-Executive Director 19/03/2026 Appointment of Chief Executive Officer 06/02/2026 Resignation of Managing Director 02/02/2026 Resignation of Non-Executive Director - Ends - This announcement has been authorised for release by the Board of Lightning Minerals Limited. For more information, please visit: lightningminerals.com.au Enquiries in relation to the announcement, please contact: Lightning Minerals Ltd (ASX: L1M) Corporate Storytime Troy Brice Paul Berson Chief Executive Officer Investor & Media Relations Phone +61 8 9429 8806 Phone +61 421 647 445 admin@lightningminerals.com.au paul@corporatestorytime.com A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 9 About Lightning Minerals Ltd (ASX: L1M) Lightning Minerals Limited is an Australian exploration and development company focused on advancing a portfolio of gold and copper assets in Tier 1 mining jurisdictions. The Company’s flagship asset is the wholly owned Mt Turner Gold Project in northern Queensland, which hosts a large-scale gold system extending over approximately 14km of strike along the prospective Drummer Fault. Mt Turner is the primary focus of exploration, with ongoing drilling aimed at progressing the project toward resource definition and development. Lightning Minerals also holds a pipeline of gold and copper projects across Australia, including assets in the Lachlan Fold Belt in New South Wales and the Eastern Goldfields of Western Australia, providing additional exploration upside and growth opportunities. The Company’s objective is to create long-term shareholder value through disciplined exploration, resource growth and the development of high-quality mineral assets. Location of Lightning Minerals Australian Gold and Copper Projects A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 10 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 Companydoes notundertake anyobligationto publicly update orrevise any ofthe forward-lookingstatementsorto 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. 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. A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 11 APPENDIX 1 - SCHEDULE OF TENEMENTS AS AT 31 MARCH 2026 QUEENSLAND, NEW SOUTH WALES AND VICTORIA *3% NSR to Optegra Ventures Inc BRAZILIAN TENEMENTS Project Tenement Status Area (km2 ) Grant Date Expiry Date Annual Rent (A$) Royalty Mt Turner (QLD) EPM 27170 Granted 42.3 31/10/2019 30/10/2029 0 3% NSR with buyback provision* EPM 27525 Granted 35.8 26/11/2020 25/11/2030 0 3% NSR with buyback provision* Warby- Scardon (QLD) EPM 27289 Granted 300 16/02/2023 15/02/2028 0 Nil EPM 28262 Granted 327 16/02/2023 15/02/2028 0 Nil Boree Creek (NSW) EL9273 Granted 34.2 27/08/2021 27/08/2027 880 Nil EL9609 Granted 11.5 13/10/2023 13/10/2029 340 Nil Burdett (NSW) EL9172 Granted 234 12/05/2021 12/05/2027 5,380 Nil Manildra (NSW) EL9148 Granted 278 3/5/2021 3/5/2027 5,920 Nil Gundagai (NSW) EL9274 Granted 163 27/08/2021 27/08/2027 5,380 Nil Corryong (VIC) EL008345 Granted 548 09/07/2025 09/07/2030 6,158.5 Nil Project Tenement Status Area (km2 ) Grant Date Notice of Beginning of Research Work Annual Rent Per Ha (R$) Agreement Royalty Ownership Caraíbas 830.313/2014 Granted 28.34 13/08/2015 02/12/2015 6.13 Option (15/09/26) Nil Caraibas Granito Mineracao Exportacao e lmportacao Ltda 831.514/2018 Granted 176.41 21/02/2022 22/02/2022 6.13 Option (15/09/26 Nil Caraibas Granito Mineracao Exportacao e lmportacao Ltda 832.041/2011 Granted 716.85 18/07/2011 11/08/2011 6.13 Option (15/09/26 Nil Caraibas Granito Mineracao Exportacao e lmportacao Ltda 831.424/2013 Granted 677.17 29/08/2013 05/09/2013 6.13 Option (15/09/26 Nil Caraibas Granito Mineracao Exportacao e lmportacao Ltda 832.763/2014 Granted 134.56 20/04/2016 31/05/2016 6.13 Option (15/09/26 Nil Caraibas Granite Mineracao Exportacao e lmportacao Ltda Sidrônio (now named Canabrava) 830.439/2015 Granted 705.76 17/02/2017 05/04/2017 6.13 Option (Expiry 30/08/26) 1% Sidronio Teixeira Filho 830.440/2015 Granted 932.63 17/02/2017 05/04/2017 6.13 Option (Expiry 30/08/26) 1% Sidronio Teixeira Filho Esperança 832.428/2014 Relinquished 998.75 26/10/2016 14/11/2016 6.13 Option (Expiry 12/08/26) 2% Brs Hill Stones Mineração E Transportes Ltda A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 12 AUSTRALIAN TENEMENTS *Applications for Mt Bartle tenements pending CANADIAN TENEMENTS – DALMAS PROJECT Project Tenement Status Area (Ha) Registration Date Expiry Date Annual Rent (C$) Annual Expenditure (C$) Royalty Ownership Dalmas 2699192 Granted 51,19 12/12/2022 11/12/2027 $170 $135 2% 100% 2699193 Granted 51,19 12/12/2022 11/12/2027 $170 $135 2% 100% 2699194 Granted 51,19 12/12/2022 11/12/2027 $170 $135 2% 100% 2699195 Granted 51,19 12/12/2022 11/12/2027 $170 $135 2% 100% 2699196 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699197 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699198 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699199 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699200 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699201 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699202 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699203 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699204 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699205 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699206 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699207 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699208 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699209 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699210 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699211 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699212 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699213 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699214 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699215 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699216 Granted 51,18 12/12/2022 11/12/2027 $170 $135 2% 100% 2699217 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% Project Tenement Status Area (km2 ) Grant Date Expiry Date Annual Rent (A$) Annual Expenditure (A$) Royalty Ownership Dundas South E15/1748 Granted 29.13 6/11/2020 05/11/2030 2,750 20,000 1% NSR 100% E63/1932 Granted 17.01 30/09/2019 19/09/2029 1,650 20,000 1% NSR 100% E63/1993 Granted 29.07 15/05/2020 14/05/2030 2,750 20,000 1% NSR 100% E63/2000 Granted 93.10 23/10/2020 22/10/2030 8,800 32,000 1% NSR 100% E63/2001 Granted 23.24 23/10/2020 22/10/2030 2,200 20,000 1% NSR 100% E63/2028 Granted 46.50 14/05/2021 13/05/2026 2,448 20,000 1% NSR 100% Dundas North E28/3027 Granted 160.84 17/05/2021 06/05/2026 8,415 55,000 1% NSR 100% E28/3028 Granted 55.51 17/05/2020 16/05/2026 2,907 20,000 1% NSR 100% Mailman Hill E37/1408 Granted 101.83 12/05/2021 11/05/2026 5,202 34,000 1% NSR 100% Mt Bartle E53/2151 Pending 193.62 (01/10/2020) - - - 1% NSR 100% E53/2159 Pending 78.33 (08/09/2020) - - - 1% NSR 100% E53/2147 Pending 124.98 (18/12/2020) - - - 1% NSR 100% A. Level 11, 40 The Esplanade, Perth, WA 6000 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 13 Project Tenement Status Area (Ha) Registration Date Expiry Date Annual Rent (C$) Annual Expenditure (C$) Royalty Ownership 2699218 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699219 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699220 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699221 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699222 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699223 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699224 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699225 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699226 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699227 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699228 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699229 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699230 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699231 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699232 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699233 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699234 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699235 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699236 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699237 Granted 51,17 12/12/2022 11/12/2027 $170 $135 2% 100% 2699238 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699239 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699240 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699241 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699242 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699243 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699244 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699245 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699246 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699247 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699248 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699249 Granted 51,16 12/12/2022 11/12/2027 $170 $135 2% 100% 2699250 G