We announced a pro-rata renounceable rights issue on 17 August 2026, giving eligible shareholders the chance to buy one new share for every four they hold, at $0.032 each. Shareholders taking up their full entitlement also receive two free attaching options for every three new shares, exercisable at $0.06 and expiring two and a half years from issue. Together, the issue could raise up to approximately $4,134,270 before costs.

This particular notice is for shareholders based outside Australia, New Zealand and Germany. Under ASX rules, we're not able to extend the offer to these jurisdictions because of the cost of complying with foreign securities laws. Instead, we've appointed Mahe Capital as nominee to sell these shareholders' entitlements on their behalf. Any net proceeds will be paid out in proportion to shareholding, though if the sale proceeds don't cover the costs of selling, no net amount may be paid.

The funds raised will go towards exploration at our Broken Hill and Lake Irwin projects, progressing the Lake Hope High Purity Alumina project, further investment in Alluminous, and general working capital, alongside the costs of running the offer.

If you're an eligible shareholder, no action is needed on this particular letter, it's for information only. Full details, including the timetable and capital structure, are set out in the Prospectus on our website and on the ASX.

If you have questions about this notice or the Rights Issue, we'd encourage you to get in touch through the question box on this page.