CONTENTS FINANCIAL STATEMENTS YEAR IN REVIEW DIRECTORS’ REPORT CORPORATE DIRECTORY SHAREHOLDER INFORMATION Are there any malus or clawback provisions associated with a Long Term Incentive Award? Yes. Where, in the opinion of the Board, a Senior Executive KMP acts fraudulently or dishonestly, is grossly negligent or has his or her employment or office terminated due to serious or willful misconduct or otherwise for cause without notice, the Board may undertake necessary steps to annul, cancel or seek commensurate compensation for any Performance Rights or Share Options granted in favour of the Senior Executive KMP associated with the Long Term Incentive award. Does the Company have a policy in relation to hedging at-risk remuneration? Yes, the Incentive Performance Rights Plan rules prohibit participants from entering an arrangement where the effect would result in limiting their exposure to risk relating to Performance Rights that have not vested. What other rights of participation exist in relation to Performance Rights and Share Options? There are no participating rights or entitlements inherent in the options and the holders will not be entitled to participate in new issues of capital offered to shareholders during the currency of the options. All shares allotted upon the exercise of options will rank pari passu in respect with other shares. How does the Company consider industry benchmarks when granting Long Term Incentives? In the case of the current financial year, the Company considered a range of ASX-listed resource peer companies by market capitalisation and sector similarity. The benchmark comparator group for the year ended 30 June 2025 is described below, in the table titled “ASX Companies – Comparator Group”. ASX Companies – Comparator Group Arafura Rare Earths Limited Cobalt Blue Holdings Limited Northern Minerals Limited AIC Mines Limited Global Lithium Resources Limited Ora Banda Mining Limited Aurelia Metals Limited Image Resources NL Pantoro Limited Australian Strategic Materials Ltd Jupiter Mines Limited Sovereign Metals Limited BCI Minerals Limited Lindian Resources Limited Meteoric Resources NL VHM Limited 27 Sheffield Resources Limited Annual Report 2025
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