Not for release to US wire services or distribution in the United States Equity raising to unlock value from the Patterson Lake South Project For personal use only 16 September 2025 Important Notice and Disclaimer Summary information This Presentation contains summary information about the Company and its associated entities and their activities current as at the date of this Presentation. This Presentation is for information purposes only. The information in this Presentation is of a general background nat ...

Core Viewpoint - Paladin Energy Ltd has announced a fully underwritten equity raising totaling A$300 million to advance the Patterson Lake South project towards a Final Investment Decision (FID) [1][2][3] Group 1: Equity Raising Details - The equity raising consists of three components: an ASX institutional placement of A$231 million, a TSX bought deal private placement of C$30 million (~A$33 million), and a Treasury Share Sale of approximately A$36 million [1][3][10] - Eligible shareholders will have the opportunity to participate in a non-underwritten Share Purchase Plan (SPP) to raise up to A$20 million at the same price as the ASX Placement and Treasury Share Sale [2][13] - The Offer Price for the new Shares is set at A$7.25, representing an 8.0% discount to the last close of A$7.88 on the ASX [3][12] Group 2: Use of Proceeds - Proceeds from the equity raising will primarily be used for the completion of the Front-End Engineering and Design (FEED) work for the PLS Project, detailed design work, early site works, and general administration costs [2][3][6] - Funds will also support infill and exploration drilling at the PLS Project and the Langer Heinrich Mine (LHM), as well as provide balance sheet flexibility for further exploration [3][6] Group 3: Project Development and Market Outlook - The PLS Project is recognized as a world-class uranium development asset with strong technical fundamentals and compelling economics, positioning the company to capitalize on the positive outlook for the uranium market [5][6] - The company aims for the first uranium production from the PLS Project by 2031, with the ramp-up of operations at the LHM expected to be completed by the end of FY2026 [6][5]

Core Viewpoint - FireFly Metals Ltd has doubled its share purchase plan (SPP) to A$10 million due to strong demand from retail shareholders, reflecting the company's commitment to its investor base [1][2][6]. Group 1: Share Purchase Plan (SPP) Details - The SPP applications totaled approximately A$28.2 million, significantly exceeding the original target of A$5 million [2]. - The SPP was open to 5,365 eligible shareholders, with a participation rate of approximately 31% and an average application amount of around A$16,800 [3]. - A total of 10,416,666 new fully paid ordinary shares will be issued under the SPP, expected to trade from July 15, 2025 [12]. Group 2: Equity Raising and Use of Proceeds - The SPP is part of a larger equity raising effort totaling approximately A$98.1 million, which includes a charity flow-through placement, an institutional placement, and a Canadian offering [5][8]. - Proceeds from the equity raising and SPP will primarily be used for the growth and upgrading of the mineral resource at the Green Bay Copper Gold Project, as well as for underground development, pre-construction works, mining studies, and working capital [5]. Group 3: Company Strategy and Future Plans - FireFly plans to add an eighth drill rig to its program at the Green Bay project to expedite the exploration of near-mine opportunities and regional targets [9]. - The company aims to generate strong results and news flow as it continues to push for maximum shareholder value [9]. Group 4: Mineral Resource Estimates - The Green Bay Copper-Gold Project currently hosts a mineral resource of 24.4 million tonnes of measured and indicated resources at 1.9% copper equivalent, and 34.6 million tonnes of inferred resources at 2.0% copper equivalent [13][27]. - The company has commenced a 130,000-meter diamond drilling program to rapidly grow its copper-gold mineral resource [13].