Yari Resources (YAR) Status update summary

Strategic Growth and Resource Expansion

• Achieved over 500 million tons of coal resources through the Arcadia acquisition, targeting 1 billion tons in the near future.

• Rolleston South and Arcadia projects together provide 198 million tons of indicated resource, with ongoing plans to increase confidence and resource size.

• Arcadia hosts a JORC 2012 Mineral Resource Estimate of 282Mt (164Mt Indicated, 118Mt Inferred), unchanged from previous reporting.

• District-scale consolidation strategy aims to position for a strategic transaction or joint venture with major coal operators, with combined exposure to approximately 504.9Mt of reported coal resources in the region.

• Expansion is expected to support long-term mining operations, potentially sustaining up to 70 years of activity.

Operational and Infrastructure Advantages

• Projects are located in the Bowen Basin, a globally recognized coal district with proven infrastructure, including sealed roads and rail access to the Port of Gladstone.

• Shallow, high-quality thermal coal allows for direct shipping without the need for expensive processing plants, reducing start-up costs and enabling early cash flow.

• Overlapping petroleum leases provide access to additional exploration data and reduce fugitive emissions through gas drainage.

• Strong relationships with local stakeholders, landholders, and government officials support project approvals and social license to operate.

Coal Quality and Product Potential

• Independent review confirms Arcadia's coal can support semi-soft coking, PCI, and high-energy thermal coal products, with average in-situ ash around 10%.

• Selective mining and beneficiation could enhance semi-soft coking coal characteristics, with preliminary analysis indicating an average CSN of ~3 across 32% of the low-ash deposit.

• Washing can reduce ash and increase CSN by 1-2 points, improving product quality and increasing the proportion of semi-soft coking coal.

• Flexibility exists to target different coal products from various parts of the deposit.

• Low in-situ ash supports high-yield PCI and thermal coal products, with potential for marketable products with limited processing.