Announcement PDF 21 September 2026 7 July 2026 ASX ANNOUNCEMENT A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au LARGE SCALE OPEN TUNGSTEN SYSTEM AT WARBY PROJECT HISTORICAL WORKINGS HIGHLIGHTS • Phase 2 results integrated with Phase 1 data: 91 soil samples, 17 pan concentrates, 20 rock chips and 21 reference samples now confirm a substantially larger mineralised system • Exceptional high-grade tungsten (W) at surface: rock chips up to 5.5% W, 5 of 6 samples >1% W • Mineralised footprint expanding; soil anomalies open in multiple directions, no boundaries defined; poor outcrop suggests known workings are only a fraction of the vein swarm • Inaugural reconnaissance scale soil sampling confirms significant W mineralised footprint, with anomalous soils >50 ppm W open in three directions • Regional-scale tungsten-tin (W-Sn) dispersion of anomalous pan concentrates collected over 4Km2 , peak 44,800 ppm W and 41,700 ppm Sn along 13 km granite contact, mostly untested • Warby has potential for other elements, gold (up to 2.22 ppm Au), tin and copper. • Further rock chips from historical workings not sampled in Phase 1 returned > 1% W with one sample assaying 2.22 ppm Au • Two primary tungsten minerals confirmed: wolframite and scheelite in veins , with scheelite recorded in wall rock by UV fluorescence which indicates potentially higher insitu W grades • First modern exploration: WW1 vintage workings never tested with modern techniques; • Phase 3 fast-tracked: soil extension program implemented immediately to delineate anomalies and vector maiden drill program Lightning Minerals Limited (ASX: L1M) (“Lightning” or “the Company”) is pleased to report integrated Phase 2 exploration results from its 100%-owned Warby Tungsten Project in North Queensland, located approximately 25 kilometres north of Mount Surprise. Results Indicate a significantly larger mineralised system than previously interpreted. The Company has immediately fast-tracked a Phase 3 geochemical program to vector a maiden drill program. COMMENT Lightning Minerals Managing Director, Troy Brice, commented: " The integrated Phase 2 results represent a significant step forward for the Warby Tungsten Project, confirming a mineralised system that is substantially larger than we originally interpreted. A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 2 Our inaugural soil program has expanded the mineralised footprint well beyond the known historic workings, with anomalies remaining open in multiple directions, meaning we have not yet found the boundaries of this system. Importantly, what began as a tungsten target is now showing the hallmarks of other minerals, with gold, tin and copper emerging alongside exceptional tungsten grades of up to 5.5% W. This adds material optionality for shareholders as we advance the project. With the majority of the 13-kilometre prospective granite contact zone still untested, we believe the exploration upside at Warby remains considerable. We've immediately commenced Phase 3 soil sampling to delineate anomalies and refine drill targets. Tungsten continues to be recognised as a strategically important critical mineral, with increasing global focus on securing supply from stable Western jurisdictions. Warby's location in North Queensland positions Lightning well in that context.” Results from 91 soil samples and 17 panned concentrate drainage samples have been received and integrated with 20 rock chip samples from Phase 1 and 21 reference samples from historical waste dumps. (ASX announcement 24 August 2026) 1 These integrated results materially expand the interpreted mineralised footprint and confirm the Warby Tungsten Project as a high-grade quartz-wolframite/scheelite (W-Sn) vein swarm system with additional (Au-Cu) potential. Figure 1. Warby Tungsten Project (EPM 28262) LiDAR Image with interpreted key structural and geochemical features. Notes: 1 24 August 2026 - High-Grade Rock Chip Results from Phase 2 Strengthen Warby’s Regional Tungsten Potential A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 3 PHASE 2 EXPLORATION PROGRAM The Phase 2 exploration program was undertaken in July 2026, results of which indicate that historical workings constitute part of a broader quartz-wolframite vein swarm. The program focused on reconnaissance scale soil geochemistry, panned concentrates from active drainages, additional rock chip sampling and reference lithology sampling across the Project area. See Figures 1, 2 and 3 and Table 1. Summary of the Phase 2 Program include: 1. Collection of 91 soil samples on reconnaissance lines spaced approximately 250 metres apart, with samples collected at 25 metre spacing. 2. Collection of 17 panned concentrate samples from active drainage systems covering approximately 4.3 square kilometres. 3. Collection of 6 additional rock chip samples from historical waste dumps, recently identified workings and areas not previously sampled in Phase 1. 4. Collection of 21 reference samples from waste dump material and sparse outcrop to confirm host lithologies, intrusive phases and alteration styles. Geological Setting and Sample Locations Reconnaissance mapping has identified multiple WW1 era artisanal workings on multiple quartz-wolframite veins.The workings are shallow and largely collapsed with limited surface outcrop, indicating significant potential for additional concealed veins that have never been tested. Gneiss, schist and coarse granite lithologies dominate the terrain, these rocks belong to the Meso-Proterozoic Lyndbrook Complex which has undergone a Proterozoic D2 deformation event. The Complex has also undergone isoclinal folding and subsequent Palaeozoic, regional NNW faulting with steep structural geometry, because of movement along the Lynd Mylonite Zone, a major suture zone to the east. Gniessic basement rocks have been intruded by the adjacent batholith sized Angore Granite, Figure 2. The NNW faulting has accommodated the introduction of fractionated micro-granite dykes and associated wolframite mineralisation. Re-activation of the structures has brecciated early-stage quartz veining and introduced a second phase of wolframite and copper sulphide mineralisation. A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 4 Figure 2. Tenement with regional geology and historical regional anomalous drainage samples Assay Results Summary Soil and Drainage Geochemistry Results Phase 2 soil geochemistry was successful in detecting known mineralised workings and identifying further W anomalism in areas with no known workings. A value above 30 ppm W is considered strongly anomalous at this reconnaissance stage, with values above 100 ppm W interpreted as proximal to bedrock mineralisation. See Figure 3. A summary of soil and drainage results are as follows: • Lines 1 and 2 returned continuous >50 ppm W soil anomalism over approximately 200 metres and 125 metres respectively, with both zones open to the north-east. • Line 3 returned a peak of 41 ppm W with adjacent anomalous samples, interpreted as a likely concealed vein response. A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 5 • Line 4 returned contiguous anomalous W values, including 72 ppm W and 55 ppm W, indicating another likely vein at depth. • Drainage panned concentrates confirmed significant W-Sn dispersion over approximately 3–4 square kilometres, including peak assays of 44,800 ppm W and 41,700 ppm Sn. Figure 3. Map of Phase 2 Soils and 13 of the Pan Concentrate geochemistry results showing anomalous W-Sn responses across the broader Warby target area. Also see Appendix 6. 400 m2 A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 6 Summary of Results Dataset Key Result Interpretation Soils Contiguous >30 ppm W anomalism; Known and potential concealed veins detected under poor outcrop conditions Drainage Widespread W and Sn Mineralised footprint extends well beyond known historical workings Rock chips 5 of 6 Phase 2 samples >1.00% W; peak 5.46% W Confirms high-grades at surface within tungsten quartz vein mineralisation Table 1. Summary of Phase 2 Integrated Results Phase 2 rock chip assays provide additional data from previously unsampled veins in Phase 1 as announced on the 24 August 20261 . Results confirm high-grade tungsten vein mineralisation at surface, with 5 of 6 samples returning greater than 1.0% W and a peak result of 5.5% W. The samples also demonstrate that parts of the system contain associated tin, copper and gold mineralisation. See Figure 4. A summary of Phase 2 rock chip sampling is as follows: • Samples were obtained from shallow, historical, artisanal workings which form a NNW oriented vein swarm. Historical workings have collapsed; hence, true vein widths were unable to be measured directly. • Of significance, sample No. 106161 returned 2.22 ppm Au, 0.21% Sn and 1.31% W from a vein approximately 50 metres west of a Phase 1 rock chip sample, confirming a multi-element W-Sn-Au association in that part of the system. See Figure 5. Figure 4. Sample No. 106165, milky white vein quartz with abundant coarse wolframite blades to 3 centimetres; assay result 5.5% W. (FOV 15 cms) • Current sampling has extended known veins to the SE as well as identifying possible new veins in the area. A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 7 • Reference samples collected from waste dump material consisted predominantly of biotite migmatite gneiss. The second most frequent lithology observed was a leucocratic, muscovite bearing microgranite, some specimens displayed disseminated malachite after chalcopyrite and griesenisation. The Company notes that the current sampling program represents an early-stage reconnaissance assessment of historical dump material and is not necessarily representative of in-situ mineralisation grade, continuity or scale. The Company further cautions that rock chip samples are selective in nature and may not represent average grades or continuity of mineralisation within the broader system. Figure 5. Sample No. 106161, brecciated milky white vein quartz with limonite, malachite and minor azurite; assay result 2.22 ppm Au, 0.2% Sn and 1.3% W. (FOV 25cm) Historical Workings and Exploration Potential Key geological features of the Project include a strong NNW structural control, poor outcrop, shallow historical artisanal workings and altered microgranite dykes associated with wolframite-quartz veins.These features support an exploration model involving a fertile intrusive source and potential for both vein-hosted W mineralisation and deeper greisen- style W-Sn targets. See Figure 6. A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 8 Figure 6. Warby Tungsten Project – Aerial Photo and Exploration Model The following key features of Phase 2 results strongly support further systematic exploration: • widespread and high-grade tungsten vein swarm mineralisation at surface; • intrusive-hosted tungsten mineralisation is possible; • associated greisen alteration; and • a favourable regional structural and geological setting. See Figure 7. A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 9 Figure 7. Warby Tungsten Project, location map and geology from Phase 1 interpretation, superseded by Phase 2 exploration. Accelerated Phase 3 Exploration The Company has immediately initiated a Phase 3 geochemical program, extending and infilling the reconnaissance soil grid to define the extent of anomalies that remain open to the north-east, south-west, north and west. Results will be used to vector a maiden drill program. About Tungsten Tungsten is classified as a critical mineral by several Western governments due to its strategic importance across industrial manufacturing, infrastructure and defence applications. A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 10 Tungsten is widely used in cutting tools, drill bits, aerospace alloys, armour-piercing applications and advanced industrial manufacturing due to its exceptional hardness and high melting point. Recent market commentary has highlighted tightening global tungsten supply conditions following export restrictions imposed by China, which remains the dominant global supplier of processed tungsten products. The Company notes increasing industry and government focus on securing alternative tungsten supply sources from stable Western jurisdictions amid expectations of ongoing structural supply constraints in global tungsten markets. NEXT STEPS Subject to the results of Phase 3, the Company will: • Consider additional panned concentrate drainage sampling across the broader Lyndbrook Complex, particularly along the 13-kilometre long Angore Granite contact and areas where NW structures cross the permissive terrain. • Acquire and interpret LiDAR data to assist delineating further concealed historical workings, detailed structural analysis and reduce follow-up sampling costs. • Prioritise areas for trenching and drilling. The Company will provide shareholders with further market updates as Phase 3 exploration activities progress. References to Previous ASX Announcements This announcement should be read in conjunction with the Company's previous announcements including: • 16 April 2026 – Strategic Plan and Portfolio Simplification • 19 May 2026 – Significant Tungsten Potential Identified at the Warby Project in North Queensland • 22 May 2026 – Supplementary Information – Warby Project Tungsten Announcement • 4 June 2026 – High-Grade Tungsten Assays Confirm Extensive Mineralisation • 13 July 2026 – Lightning Accelerates Warby Tungsten Exploration Following High-Grade Assay Results • 21 July 2026 - Lightning Completes Phase 2 Exploration at Warby Tungsten Ahead of Drill Target Selection • 24 August 2026 - High-Grade Rock Chip Results from Phase 2 Strengthen Warby’s Regional Tungsten Potential A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 11 ~ 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 Managing Director Investor & Media Relations Phone +61 8 9429 8806 Phone +61 421 647 admin@lightningminerals.com.au paul@corporatestorytime.com 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. A. 32 Harrogate Street, West Leederville Perth, WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 12 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 Lee Spencer, who is a Competent Person and a member of the Australasian Institute of Mining and Metallurgy. Mr Spencer is a Director of TRS Management Pty Ltd, a contractor to the Company. Mr Spencer, B.Sc. (Hons) M.Sc. M.AusIMM, has sufficient experience which is relevant to the style of mineralisation and types of deposits 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 Spencer 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. 32 Harrogate Street, West Leederville Perth WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 13 ASX: L1M ABN. 40 656 005 122 APPENDICES APPENDIX 1 Phase 1 and 2 integrated Data and ALS Certificate Numbers Exploration Program data collected Certificate Numbers # samples 1. Soil Samples (Phase 2) TSV26301640 91 2. Panned concentrate samples (Phase 2) TSV26281911 17 3. Rock Chip Samples (Phase 1 & 2) TV26168418 & TSV26280671 14 + 6 4. Reference Samples (Phase 1 & 2) NA 21 149 Notes 1. Collection of 91 soil samples on reconnaissance lines spaced approximately 250 metres apart, with samples collected at 25 metre spacing. Too many samples to list these separately in the Appendix. 2. Collection of 17 panned concentrate samples from active drainage systems covering approximately 4.3 square kilometres. 3. Collection of 6 additional rock chip samples from historical dumps, newly identified workings and areas not previously sampled in Phase 1. 4. Collection of 21 reference samples from dump material and sparse outcrop to confirm host lithologies, intrusive phases and alteration styles. A. 32 Harrogate Street, West Leederville Perth WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 14 ASX: L1M ABN. 40 656 005 122 APPENDIX 2 Soils samples, above 25ppm W. Using ALS assay method ME-MS81. ALS Certificate Number TSV26301640 Sample No. Coord mE Coords mN Tungsten (W) ppm 106795 189931 8028085 132 106753 189408 8027789 131.5 106765 189550 8028053 108 106794 189942 8028107 95.3 106767 189574 8028097 91.6 106754 189420 8027811 83.7 106796 189919 8028063 83.4 106764 189538 8028031 77.1 106766 189562 8028075 75 106768 189586 8028119 72.7 106769 189598 8028141 72.4 106788 190328 8027413 71.6 106792 189964 8028152 69.9 106772 189633 8028207 69.7 106751 189384 8027745 66.7 106770 189609 8028163 65.3 106771 189621 8028185 62.4 106761 189503 8027965 58.1 A. 32 Harrogate Street, West Leederville Perth WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 15 ASX: L1M ABN. 40 656 005 122 Sample No. Coord mE Coords mN Tungsten (W) ppm 106793 189953 8028130 55.4 106773 189645 8028229 55.2 106789 190318 8027391 55.2 106797 189908 8028040 54.1 106752 189396 8027767 50.8 106759 189479 8027921 50.4 106787 190339 8027436 47.5 106760 189491 8027943 45.2 106798 189897 8028018 43.8 106801 189863 8027951 41.4 106829 190141 8027732 40.8 106799 189886 8027995 38.1 106762 189515 8027987 37.8 106783 190381 8027527 37.2 106755 189432 8027833 37.1 106828 190152 8027754 37 106816 189695 8027616 36.1 106839 190029 8027508 36.1 106809 189774 8027772 34.3 A. 32 Harrogate Street, West Leederville Perth WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 16 ASX: L1M ABN. 40 656 005 122 Sample No. Coord mE Coords mN Tungsten (W) ppm 106763 189527 8028009 34 106790 190307 8027368 33.3 106756 189444 8027855 31.9 106802 189852 8027928 30.6 106811 189751 8027727 30.1 106823 190208 8027866 30 106830 190130 8027710 29.5 106791 190297 8027345 28.9 106827 190163 8027777 28.7 106800 189875 8027973 28.6 106785 190360 8027481 28.3 106812 189740 8027705 27.4 106758 189467 8027899 27.2 106807 189796 8027817 27.1 106782 190392 8027549 25.8 106780 190413 8027595 25.4 A. 32 Harrogate Street, West Leederville Perth WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 17 ASX: L1M ABN. 40 656 005 122 APPENDIX 3 Summary of Anomalous Pan Concentrates, Tungsten and Tin Assays ALS Certificate TSV26281911 (ME MS81) Sample No. Coord mE Coords mN Tin (Sn) ppm Tungsten (W) ppm 106842 189165 8028099 17800 2820 106843 189228 8028431 17300 44800 106844 189401 8028628 33600 5800 106845 189611 8029264 9370 1390 106846 189743 8028756 2490 3660 106847 189888 8028508 5470 2910 106848 190374 8028200 5500 149 106849 190694 8028393 19500 525 106850 190797 8027567 4090 65 106851 190663 8027393 151 74 106852 190428 8027198 4890 39 106853 190463 8027107 914 11 106854 190918 8026481 2460 56 106855 190718 8026661 14800 51 106856 189739 8027201 7900 387 106857 189475 8026761 9700 170 106858 189378 8027658 41700 1155 A. 32 Harrogate Street, West Leederville Perth WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 18 ASX: L1M ABN. 40 656 005 122 APPENDIX 4 – Summary of Rock Chip Results. excerpt from ALS TSV26280671, 18 August 2026* ** Sample No. Coord mE Coords mN Gold (Au) ppm Tin (Sn) ppm Tungsten (W) ppm Tungsten (W) % 106161 189992 8028264 2.22 2100 >10,000 1.3 106162 189523 8027793 0.12 977 >10,000 1.6 106163 189677 8027871 0.08 234 1,560 <0.2 106164 189321 8027993 0.08 37 >10,000 3.5 106165 189390 8027748 0.03 4 >10,000 5.5 106166 189629 8027327 0.03 8 >10,000 2.5 *ALS Analysis Procedure ME-MS81: Lithium Borate Fusion ICP-MS, and W-XRF15b (overlimit W by XRF). **Samples above include field sample coordinates and lithology. APPENDIX 5 Summary of Rock Chip Samples Phase 1 (TV26168418) & Phase 2 (TSV26280671) Sample No. Coord mE Coords mN Au ppm Tin (Sn) ppm Tungsten (W) ppm Phase 2 106161 189992 8028264 2.22 2100 13050 106162 189523 8027793 0.12 977 15550 106163 189677 8027871 0.08 234 1560 106164 189321 8027993 0.08 37.4 34600 106165 189390 8027748 0.03 4.4 54600 106166 189629 8027327 0.03 7.7 25100 A. 32 Harrogate Street, West Leederville Perth WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 19 ASX: L1M ABN. 40 656 005 122 Sample No. Coord mE Coords mN Au ppm Tin (Sn) ppm Tungsten (W) ppm Phase 1 105491 189992 8028264 1.36 3280 8800 105492 189992 8028264 0.34 177 1815 105493 189283 8028316 0.02 5 12800 105494 189283 8028316 0.04 93 750 105495 189283 8028316 0.04 5 >50000 105496 189215 8028196 0.02 5 43200 105497 189215 8028196 0.04 5 20400 105498 189215 8028196 0.01 19 30400 105499 189314 8027987 0.01 5 42900 105500 189573 8027843 0.01 5 39800 105877 189513 8027795 0.33 945 10500 105878 189513 8027795 0.06 209 40300 105879 189721 8027804 0.01 57 11000 105880 189790 8027645 0.03 326 32700 A. 32 Harrogate Street, West Leederville Perth WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 20 ASX: L1M ABN. 40 656 005 122 APPENDIX 6 Warby Phase 2- larger scale map showing all pan concentrates collected. Phase 2 Larger scale map with all 17 Pan Concentrate geochemistry results showing anomalous W-Sn responses across the Warby target area. A. 32 Harrogate Street, West Leederville Perth WA 6007 T. +61 (08) 9429 8806 E. admin@lightningminerals.com.au lightningminerals.com.au 21 ASX: L1M ABN. 40 656 005 122 JORC Code, 2012 Edition – Table 1 (Section 4 & 5 not applicable) Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (e.g., cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (e.g., ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g., submarine nodules) may warrant disclosure of detailed information. Soil Samples • A total of 91 soil samples were collected with lines 250 metres apart and samples collected at 25 metre spacing. Samples were collected using a power auger to a nominal depth of 0.5 metre in the B horizon. Outcrop, coordinates, soil type and colour were logged. Samples were screened at 180 microns and the minus-180-micron fraction submitted for analysis. Panned Concentrate Drainage Samples • A total of 17 samples were collected from active drainages. A standard size 10 kgs of material were collected at each site with samples bagged on site and assigned a sample number. Coordinates were recorded (GDA94 Zone 55) along with description and notes on any nearby outcrop. Reference Samples • A total of 21 samples were collected. Samples were secured from waste dump material and sparse outcrop to confirm host lithologies, intrusive phases and alteration styles and macroscopically logged. Rock Chip Samples and as announced 24 Aug 2026 • In Phase 2 a total of 6 samples were secured as random chip samples of vein and wall rock material from historical waste dumps as a key geochemical tool in the early exploration phase. Approximately 2 kilograms of material were obtained per sample and sent for preparation and assay via an industry standard procedure. • Samples were secured to determine the presence or absence of tungsten mineralisation within waste dump material. Drilling techniques • Drill type (e.g., core, reverse circulation, open-hole