Quarterly Activities and Cashflow Report (March 2026)

Reynolds Range Gold-Antimony Project

• All necessary approvals have been received to commence the next round of drilling at the Sabre and Falchion Gold-Antimony Prospects at Reynolds Range, in the NT.
• Earth works and drill pad preparation have commenced on site, with drilling expected to commence mid-late May.
• The drilling will follow up on significant gold and antimony drill results from a 12-hole program completed late last year.
  Significant gold and antimony results at Sabre include: (ASX: ITM 12 January 2026)
  • SBRC25-004 31m @ 2.5 g/t Au and 0.65% Sb from 61m
  • SBRC25-004 5m @ 1.91 g/t Au and 1.34% Sb from 66m
  • and 5m @ 4.7 g/t Au and 2.13% Sb from 78m
• Significant gold and antimony results from Falchion include: (ASX: ITM 12 January 2026)
  • FLRC25-004 14m @ 6.31 g/t Au from 18m
  • FLRC25-004 6m @ 10.2 g/t Au and 0.93% Sb from 18m
• The upcoming program will consist of approximately 56 reverse circulation (RC) holes, split evenly across the Sabre and Falchion Prospects, for a total of approximately 7,000m of RC drilling.
• Drill hole spacing will be tightly constrained, at ~25m spacing, to define the three-dimensional geometry of the main mineralised gold-antimony shoots at both prospects.