We're offering eligible shareholders the chance to take part in a renounceable entitlement offer, giving everyone the opportunity to top up their holding on the same terms.

Under the offer, eligible shareholders can apply for one new fully paid ordinary share for every four shares already held, at an issue price of A$0.032 per share. Each parcel of three new shares also carries one free quoted option, exercisable at A$0.06.

Mahe Capital Pty Ltd is acting as lead manager and has agreed to partially underwrite the raise, up to A$1,500,000. That covers a maximum of 46,875,000 new shares and 31,250,000 options, representing around 9.07% of our shares currently on issue.

The offer runs from the ex date of 19 August 2026, with a record date of 20 August 2026, and closes on 9 September 2026. New securities are expected to be issued on 16 September 2026. If applications exceed the offer, a scale back may apply, and the full mechanics of that, along with the arrangements for topping up beyond your entitlement, are set out in the prospectus lodged with ASX on 17 August 2026.

Shareholders in a number of overseas jurisdictions, including Canada, Hong Kong, India, the UK, South Africa and others listed in the prospectus, aren't eligible to take part due to local regulatory requirements.

We're happy to answer any questions you have about the offer.