Deterra Royalties (DRR) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land custodians and confirmation of quorum.

• Introduction of board members, executive team, auditors, share registry, and legal advisors.

• Meeting procedures, voting instructions, and live-streaming details were outlined.

Financial performance review

• FY 2024 saw strong performance, with Mining Area C revenue up 5% despite slightly lower production volumes.

• Mineral sands royalties receipts increased by 16%.

• Net profit of AUD 155 million, fully distributed as franked dividends.

• Over AUD 800 million in revenue and AUD 550 million in dividends distributed since 2020 listing.

Board and executive committee updates

• Dr. Joanne Warner retired from the board, reducing non-executive directors to four.

• Board composition and succession planning are under ongoing review to align with strategy.

• Committee chairs and director contributions highlighted.