Announcement PDF Page | 1 VERITY RESOURCES LIMITED 2026 ANNUAL REPORT 2026 Annual Report Page | 2 CONTENTS Review of Operations...................................................................................................................................................................3 Directors’ Report........................................................................................................................................................................16 Remuneration Report.................................................................................................................................................................24 Auditor’s Independence Declaration .........................................................................................................................................32 Consolidated Statement of Profit or Loss and Other Comprehensive Income ..........................................................................33 Consolidated Statement of Financial Position ...........................................................................................................................34 Consolidated Statement of Changes in Equity...........................................................................................................................35 Consolidated Statement of Cash Flowsss...................................................................................................................................36 Notes to the financial statements..............................................................................................................................................37 Consolidated Entity Disclosure Statement.................................................................................................................................57 Directors’ Declaration ................................................................................................................................................................58 Independent Auditor’s Report ...................................................................................................................................................59 Supplementary Information.......................................................................................................................................................63 Corporate Directory ...................................................................................................................................................................67 2026 Annual Report Page | 3 Review of Operations Overview of Activities Verity Resources Limited (ASX: VRL, FSE: 48B0) (“Verity” or “the Company”) and the entities it controlled (collectively, “the Group”) is a mineral exploration Group with an advanced gold project in the Laverton Goldfields of Western Australia (Monument), a copper-silver and nickel-copper-PGE portfolio in Botswana, and a rare earth elements (REE) and other critical minerals projects in Minas Gerais, Brazil. A 10,860 metre reverse circulation and diamond drill campaign was completed during the year across the Korong and Waihi deposits at Monument, and in May 2026 the Group reported a maiden Indicated Mineral Resource of 1.18Mt at 1.75g/t Au for 66,200 ounces, within a total updated resource of 2.5Mt at 1.72g/t Au for 137,700 ounces. Metallurgical test work on both deposits returned gold recoveries above 92% at 24 hours. Step-out drilling extended confirmed mineralisation by more than one kilometre of strike across the two deposits, and regional drilling identified gold across approximately 7km of the 20km Monument banded iron formation (BIF) trend. Outside Western Australia, the Group moved to 100% ownership of its Botswana portfolio and expanded that landholding to 2,868km². At Pimenta in Brazil, maiden auger drilling confirmed near-surface REE mineralisation over a 20km radiometric strike. Western Australia – Monument Gold Project The Monument Gold Project is 100% owned and sits directly adjacent to and along strike of Genesis Minerals Limited's (ASX: GMD) 3.3Moz Laverton Gold Project. The Korong and Waihi deposits are BIF-hosted sulphide replacement systems along strike from, and geologically analogous to, the 1.4Moz Westralia gold deposit approximately 20km to the southeast. The project hosts roughly 20km of prospective BIF strike, only a fraction of which has been systematically drilled. 2026 Annual Report Page | 4 Figure 1. Monument Gold Project location, Laverton Goldfields (Western Australia). Resource upgrade and expansion drilling The Group designed a two-phase drill program to lift geological confidence within the Korong and Waihi resource envelopes and to test the system along strike and at depth. Drilling was completed at spacings down to 25m by 25m. • Phase 1: 54 RC holes for 3,630 metres at Korong, comprising infill and twinned holes. Drilling commenced in August 2025 and was completed later that month. • Phase 2: 80 RC holes for 6,000 metres and 7 diamond holes for 1,230 metres across Korong and Waihi, completed in December 2025. A further 18 RC holes for 1,476 metres were drilled at the Perseverance, A1, Korong Extension and Waihi Extension prospects. The campaign totalled 10,860 metres. Phase 1 returned thick, consistently mineralised intercepts across the main BIF lode, with twinned holes reconciling closely against historical drilling. Representative Korong intercepts (true widths) included: • 7.7m at 6.37g/t Au from 78m, including 1m at 38.0g/t Au • 3.9m at 6.35g/t Au from 96m, including 1m at 15.3g/t Au 2026 Annual Report Page | 5 • 3.9m at 5.76g/t Au from 43m, including 2m at 9.55g/t Au • 6.8m at 4.84g/t Au from 114m, including 3m at 9.89g/t Au • 19.4m at 1.65g/t Au from 84m, including 5.8m at 2.25g/t Au • 4.8m at 3.91g/t Au from 97m. Phase 2 infill drilling at Waihi returned similarly consistent results, including • 4.8m at 4.46g/t Au from 60m, including 0.8m at 13.05g/t Au • 3.0m at 4.67g/t Au from 71m, including 0.8m at 16.2g/t Au • 2.4m at 5.41g/t Au from 87m • 3.2m at 4.14g/t Au from 110m. Historical data validation Alongside the drilling, the Group completed a review and validation of approximately 16,000 metres of historical drilling at Monument, bringing legacy data to JORC (2012) standards. The study confirmed previously reported high-grade intervals at Korong and Waihi, including 6.7m at 13.15g/t Au and 5.9m at 7.24g/t Au. A density study of 222 diamond core samples was also completed. Together with the new drilling, this materially strengthened the dataset behind the updated Mineral Resource Estimate. Maiden Indicated Mineral Resource On 12 May 2026 the Group reported an updated JORC (2012) Mineral Resource Estimate for Monument. The estimate delivered a maiden Indicated Mineral Resource of 1.18Mt at 1.75g/t Au for 66,200 ounces, of which 57,000 ounces sits within the optimised open-pit shell. Average grade increased by approximately 20% against the 2021 estimate, reflecting refined geological domaining and twinned-hole validation. 2026 Annual Report Page | 6 Figure 2. Korong Mineral Resource Estimate Long Section View. Figure 3. Waihi Mineral Resource Estimate Long Section View 2026 Annual Report Page | 7 The updated estimate applies a more selective reasonable prospects of eventual economic extraction framework. Open-pit material is constrained within optimised pit shells at a 0.5g/t Au cut-off, and underground material is reported only in fresh rock below those shells at a 1.0g/t Au cut-off. The estimate also defined an underground component below the Korong and Waihi pit shells for the first time, totalling 1.37Mt at 1.75g/t Au for 77,100 ounces. Deposit Classification Cut-off (g/t Au) Tonnes Grade (g/t Au) Gold (koz) Open pit reportable Mineral Resource Korong Indicated 0.5 920,000 1.68 49.8 Korong Inferred 0.5 50,000 1.23 2.2 A1 (Korong North) Inferred 0.5 40,000 1.11 1.5 Waihi Indicated 0.5 110,000 2.11 7.2 Total open pit 0.5 1,120,000 1.68 60.6 Underground reportable Mineral Resource Korong Main Indicated 1.0 100,000 1.67 5.4 Korong Main Inferred 1.0 1,120,000 1.72 61.9 Waihi Indicated 1.0 50,000 2.40 3.9 Waihi Inferred 1.0 100,000 1.79 6.0 Total underground 1.0 1,370,000 1.75 77.1 Total Indicated Indicated 1,180,000 1.75 66.2 Total Inferred Inferred 1,320,000 1.69 71.5 Total Mineral Resource Indicated + Inferred 2,500,000 1.72 137.7 Table 1. 2026 Monument Gold Project Mineral Resource Estimate. Total Mineral Resources use a 0.5g/t Au cut-off grade for material inside an AUD $5,500 pit shell, and a 1.0g/t Au cut-off grade for material in fresh rock below that pit shell. Mineral Resources are reported at a 0.5g/t Au cut-off for material inside an A$5,500 pit shell, and at a 1.0g/t Au cut-off for material in fresh rock below that shell. Figures are rounded and totals may not sum exactly. See the ASX announcement on 12 May 2026 “Maiden Indicated Resource at Monument Gold Project, Laverton”. Resource extension drilling Step-out drilling completed as part of the Phase 2 program confirmed more than one kilometre of additional mineralised strike outside the existing resource envelopes, with mineralisation remaining open. • Korong: mineralisation confirmed up to 500m north and 50m south of the resource boundary, extending confirmed strike from 900m to 1,400m. Diamond hole KODD25004 returned 2.4m at 0.74g/t Au from 319m, approximately 200m below the base of the existing resource envelope. Shallow step-out intercepts included 2.9m at 2.51g/t Au from 8m and 1.9m at 1.31g/t Au from 52m. • Waihi: confirmed anomalous strike extended from approximately 150m to over 800m. Hole WHRC25007 returned 3.2m at 5.27g/t Au from 60m, including 0.8m at 21.3g/t Au, some 200m outside the main resource envelope. Diamond hole WHDD25001 returned 0.9m at 4.20g/t Au from 179m, approximately 70m below the base of the existing envelope. Metallurgical test work Metallurgical test work was completed on composite samples from both deposits using the same sample selection methodology, test conditions and laboratory. At Korong, near-surface composites averaged 92.75% gold recovery at 24 hours. A high-grade fresh composite returned 98.1% and the expected worst case, a low-grade saprolite composite, returned 89%. At Waihi, recoveries of 96.99% (weathered saprock) and 96.67% (fresh sulphide BIF) were achieved at 24 hours. 2026 Annual Report Page | 8 Both deposits showed a meaningful gravity recoverable gold component and low cyanide and lime consumption across all composites. The results support a conventional gravity front-end ahead of a cyanide leach circuit, and a single processing strategy across the project. Deposit Composite Head grade (g/t) Gravity recovery (%) 24hr recovery (%) Korong Low grade saprolite 1.05 8.0 89.0 Korong Saprock, average grade, shallow 1.12 26.6 91.5 Korong Saprock, average grade, deep 1.57 18.3 94.0 Korong High grade fresh 3.46 31.0 98.1 Waihi Saprock (weathered oxide) 1.57 29.6 96.99 Waihi Fresh sulphide BIF 1.05 29.0 96.67 Table 2. Korong and Waihi Metallurgical Test work Results. Gravity Recoverable Gold and 24-Hour Cyanide Leach Recoveries. Regional exploration and new tenure Exploration Licence E39/2558 (Gum Well) was granted in January 2026. The licence covers approximately 210km² and more than doubled the Group's contiguous landholding at Monument to approximately 405km². 2026 Annual Report Page | 9 Figure 4. Monument Gold Project key targets over 20km of prospective strike adjacent to Genesis Minerals’ (ASX:GMD) 3.3Moz Laverton Project area A pole-dipole induced polarisation survey completed at the Perseverance prospect in late 2025 defined a near-surface chargeability anomaly of up to about 20mV/V over a footprint of roughly 500m by 1km along the BIF horizon, coincident with historical rock chips grading above 1g/t Au. First-pass RC drilling at Perseverance (three holes for 474 metres) returned 2m at 1.24g/t Au from 86m and 2m at 0.73g/t Au from 66m in BIF, confirming the target stratigraphy. RC drilling at A1 (four holes 2026 Annual Report Page | 10 for 300 metres) returned 2.9m at 2.51g/t Au from 8m and 1.9m at 1.29g/t Au from 8m. Broad supergene gold was identified at Triton, approximately 1.7km south of Waihi, at a mafic-siltstone contact. Taken together, gold mineralisation has now been identified across at least 7km of the Monument trend, from Korong in the south to Perseverance in the north. A first-pass soil sampling campaign was launched in April 2026 across the newly granted Gum Well tenure, with infill sampling at Star Well, McKenzie Well, McKenzie Granite and Korong Syenite. In May 2026 the Group commenced a 56-hole aircore program of approximately 2,800 metres across five prospects: Perseverance, A1, A4, Korong Syenite and Cooper Well. Assays from that program were pending at 30 June 2026. The Group's mining licence application for the Korong-Waihi area remained in progress at year end. Botswana – Copper-Silver and Nickel-Copper Verity holds a critical metals portfolio in the Limpopo Mobile Belt of eastern Botswana through its wholly owned subsidiary African Metals (Pty) Ltd. The portfolio contains two high-grade copper-silver prospects, Airstrip and Dibete, and the Maibele North nickel-copper-cobalt-PGE deposit. Figure 5. Botswana project location in Eastern Botswana Move to 100% ownership In October 2025 the Group exercised its pre-emptive right over a competing bid for the remaining 34% joint venture interest held by BCL Investments Limited, a wholly owned subsidiary of the Botswana Government then in liquidation. The agreed 2026 Annual Report Page | 11 purchase price was approximately US$206,000 in cash plus applicable taxes. Closing conditions were satisfied and the acquisition completed in December 2025, dissolving the joint venture and taking Verity to 100% ownership and control of the portfolio via its wholly owned Botswana subsidiary African Metals (Pty) Ltd. Portfolio and resource Maibele North holds a JORC (2012) Inferred Mineral Resource of 2.38Mt at 0.72% Ni and 0.21% Cu, with 0.63g/t combined platinum, palladium, rhodium, ruthenium and gold, at a 0.30% Ni cut-off. The estimate was prepared by MSA Group in April 2015. Cobalt is present but was not assigned a grade in that estimate. The deposit is open along strike to the east and west and below approximately 200m. Historical drilling at Airstrip and Dibete, reported under the JORC 2004 Code and not updated to the 2012 Code on the basis that there has been no material change to the information, returned high-grade copper-silver intercepts including: • 11m at 7.63% Cu and 462g/t Ag from 52m, including 3m at 22.74% Cu and 1,379g/t Ag (Airstrip, ACRC003) • 1.13m at 21.58% Cu and 1,023g/t Ag from 65m, including 0.25m at 60.98% Cu and 2,833g/t Ag (Airstrip, ACRD029) • 25m at 2.17% Cu and 77g/t Ag from 27m (Dibete, DBRC124) • 36m at 1.37% Cu and 70g/t Ag from 12m, including 2.5m at 7.41% Cu and 456g/t Ag (Dibete) • 6.15m at 7.20% Cu and 182g/t Ag from 24.85m (Dibete, DBRD149) Mineralised zones at Airstrip remain open along strike and at depth, and the Dibete system is largely untested below about 120m. Figure 6. Botswana tenements with surrounding deposits/mines in eastern Botswana 2026 Annual Report Page | 12 Field activity and portfolio growth Field activity was limited during the middle of the year while the Group awaited Botswana Department of Mines approvals for its next on-ground program, comprising exploration pitting, systematic and bulk sampling for metallurgical test work, and geological mapping across Airstrip, Dibete and Maibele North. In May 2026 the Group appointed Mr Paul Lemmon (P.Geo, FGS, MIMMM, Pr.Sci.Nat) as Competent Person for the Botswana projects. Mr Lemmon has over 30 years of experience in the African resource sector across 26 countries, including a decade focused on copper exploration in Botswana and Namibia. Review of the regional VTEM dataset identified 23 untested base- metals anomalies, the majority outside the three flagship prospect areas, which together account for less than 10% of the Group's Botswana ground. Following the grant of PL123/2024, which covers 903km² and lies approximately 20km east of the Selebi nickel-copper mine, the Botswana landholding increased to 2,868km². First-pass soil geochemical sampling and geological mapping commenced across PL123/2024 in June 2026, screening the licence for copper, silver, gold and nickel and prioritising targets for ground geophysics and maiden drill testing. Maibele North, Botswana (66% Joint Venture ownership, Resource Information Maibele North Million Tonnes (Mt) Ni (%) Cu (%) Pt (g/t) Pd (g/t) Rh (g/t) Ru (g/t) Au (g/t) 2.38 0.72 0.21 0.08 0.36 0.04 0.05 0.10 Table 3: JORC (2012) Inferred Resource was calculated at Maibele North by MSA South Africa in 2015 using a 0.30% Nickel cut-off grade. See the ASX announcement on 28 April 2015 “Maiden Inferred Resource for Maibele North” for further information. Brazil – Pimenta REE Project, Minas Gerais Verity holds a 70% interest in the Pimenta Project through its Brazilian subsidiary, in joint venture with Foxfire Metals Pty Ltd, which holds the remaining 30%. A maiden auger drilling program of 38 holes was completed in August 2025 over priority targets defined by earlier soil sampling that returned values up to 25,817ppm TREO (2.58% TREO). Results, reported in October 2025, confirmed widespread near-surface rare earth mineralisation within a deeply weathered soil-saprolite profile developed over granite, across an airborne radiometric signature exceeding 20km of strike. 2026 Annual Report Page | 13 Figure 7. Pimenta Project with significant TREO intercepts, over airborne radiometric image. Consistent intercepts from surface included: • 5m at 2,250ppm TREO, 26% MREO • 4m at 2,683ppm TREO, 26% MREO • 4m at 2,204ppm TREO, 26% MREO (PMT-AUG-016) • 4m at 2,322ppm TREO, 24% MREO, including 1m at 4,171ppm TREO • 7m at 2,193ppm TREO, 28% MREO Light rare earth elements (cerium, lanthanum, neodymium and praseodymium) account for over 90% of total rare earth oxides, consistent with allanite-dominated mineralogy, and magnetic rare earth oxide proportions averaged 24% to 27%. Multi-element geochemistry supports an evolved granitic source, with anomalous gallium returned at 4m at 62ppm Ga₂O₃, including 1m at 77ppm Ga₂O₃. 2026 Annual Report Page | 14 Corporate On 17 July 2025 the Group's shares commenced trading on the Frankfurt Stock Exchange under the ticker 48B0. The listing was completed without the issue of new shares and raised no capital. The ASX remains the Group's primary exchange. The purpose of the dual listing was to broaden the Group's access to European institutional and retail investors. On 4 September 2025 the Group announced firm commitments for a two-tranche placement to sophisticated, professional, family office and institutional investors, raising $3.0 million before costs at an issue price of $0.024 per share. Participants received one free attaching unlisted option for every three new shares, exercisable at $0.048 with a two-year term. Directors subscribed for $250,000 under the placement. On 13 November 2025 1,500,000 fully paid ordinary shares were issued to Director Paul Dickson following shareholder approval. On 3 February 2026 the Group announced a pro-rata non-renounceable entitlement offer of one new share for every five shares held at the record date, at $0.025 per share, raising $2,045,655 (before costs), with one free attaching unquoted option for each new share exercisable at $0.036 and expiring five years from issue. The offer was partially underwritten by director- related entities CAP Holdings Pty Ltd, as trustee for the CAP Trust, and Ricketts Point Investments Pty Ltd, as trustee for the Dickson Family Fund. Directors underwrote approximately $620,000 of shortfall in addition to subscribing for their own entitlements. During the year, 3,213,258 unlisted options exercisable at $0.022 were exercised, raising approximately $70,693. During the year the Group granted 4,500,000 performance rights to three members of the Monument Gold Project exploration team under the Verity Employee Securities Incentive Plan, each expiring three years from the date of issue. Vesting milestones are: • Class A: the Group reports a minimum 45,000 ounces of gold as an Indicated Mineral Resource in accordance with the JORC Code. This threshold was reached with the 66,200 ounce maiden Indicated Mineral Resource reported on 12 May 2026. • Class B: grant of a Mining Licence. • Class C: the Group reports an increase in its Inferred Mineral Resource to a minimum of 250,000 ounces of gold in accordance with the JORC Code. Board and advisers In July 2025 the Group appointed Xirlatem Pty Ltd as Strategic Advisor for the Monument Gold Project, with Dr Rick Gordon acting as lead technical advisor. Dr Gordon is a structural geologist with more than 25 years in gold exploration and project development in Australia, and previously held roles with Northern Star Resources Limited (ASX: NST) and IGO Limited (ASX: IGO). His remit covers geology, drilling, resource growth, the mining licence application and future scoping studies. Competent Person Statements Monument Gold Project, Mineral Resource Estimates The information in this report that relates to Mineral Resources is based on information compiled by Dr Rick Gordon and reviewed by Mr Mark Zammit. Dr Gordon is a Member of the Australian Institute of Geoscientists. Dr Gordon is an employee of Xirlatem Pty Ltd and consults to Verity Resources Limited under a long-term agreement which includes performance rights. Mr Zammit is a member of the Australian Institute of Geoscientists and is an employee of Cube Consulting Pty Ltd. Both Dr Gordon and Mr Zammit have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for the reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Gordon consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mr Zammit consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. 2026 Annual Report Page | 15 Monument Gold Project, Exploration Results The information in this report that relates to Exploration Targets and Exploration Results is based on recent and historical exploration information compiled by Mr Michael Jackson, who is a Competent Person and a Member of the Australian Institute of Geoscientists. Mr Jackson is a consultant to Verity Resources Limited. Mr Jackson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for the reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Jackson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Botswana, Mineral Resource Estimate The Maibele North Mineral Resource Estimate was originally prepared by MSA Group and is extracted from the ASX announcement dated 28 April 2015 “Maiden Inferred Resource for Maibele North”, available at www.verityresources.com.au. The Group confirms that it is not aware of any new information or data that materially affects the information included in that announcement, and that all material assumptions and technical parameters underpinning the estimate in that announcement continue to apply and have not materially changed Botswana, Exploration Results The information in this report that relates to Exploration Results and the Mineral Resource Estimate for the Botswana projects (Maibele North, Dibete and Airstrip) is based on, and fairly represents, information and supporting documentation reviewed by Mr Paul Lemmon, a Registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP) and the Competent Person appointed by Verity Resources Limited for the Botswana projects. Mr Lemmon has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Lemmon consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. Brazil, Exploration Results The information in this announcement that relates to Exploration Results is based on and fairly represents information and supporting documentation compiled by Mr Antonio de Castro, BSc (Hons), FAusIMM, CREA, who acts as Senior Consulting Geologist through the consultancy firm, ADC Geologia Ltda. Mr. de Castro has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code). Mr Castro consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears. 2026 Annual Report Page | 16 Directors’ Report The Directors present their report on Verity Resources Limited (Verity or the Company) and the entities it controlled (collectively, the Group) at the end of, and during the year ended 30 June 2026. The Directors’ report is presented in Australian dollars and all values are rounded to the nearest dollar unless otherwise stated. Directors The Directors of Verity at any time during the year up to the date of this report, unless otherwise stated were: • Patrick A Volpe • Paul Dickson • Elvis Mosweu Patrick A Volpe (Non-executive Director and Company Secretary) MB Econ, BCom (Eco, Fin), AGIA, MAICD Patrick Volpe is an experienced corporate governance and financial services professional and holds public and private company directorships as co-founder of greenfield exploration projects in Botswana and Brazil including graphite, rare earths, lithium, gold and base metals. He has also provided corporate governance management and company secretary services for private, not-for-profit, unlisted public and ASX-listed entities. Patrick is currently Managing Director of a boutique corporate advisory firm and currently holds directorships and company secretarial positions in a range of ventures in metals and minerals resources exploration including graphite, lithium, gold and base metals, as well as biotech and managed investments. Mr Volpe holds a Master of Business Economics from Monash University, Bachelor of Commerce (Majoring in Economics and Finance) from Deakin University, is an Affiliated member of the Governance Institute of Australia and Member of the Australian Institute of Company Directors. Former public directorships in last 3 years: Axel REE Limited (resigned 18 December 2023) Paul Dickson (Non-Executive Director) B.Ed. SF Fin Grad Dip TA Paul Dickson has over 35 years of experience in the finance services industry. He has worked with a number of stock broking firms including Ord Minett Ltd and Colonial Stock-broking Limited and more recently has been a director of a number of corporate advisory boutiques. Mr Dickson is currently independent non-executive chair of Alligator Energy Ltd (ASX:AGE) and was appointed non-executive chair in 2018, where he oversaw the development of the Samphire Uranium Project’s Blackbush Deposit and has progressed towards commencing a BFS following a successful field trial. He is also currently independent non-executive Chair of Axel REE Limited (ASX:AXL). Mr Dickson was a founder/director of Paradigm Capital Pty Ltd and DDM Capital Pty Ltd, which provided a range of services including capital raising and general corporate advice for small-cap companies and Proserpine Capital Partners Pty Ltd, a private equity business based in Melbourne. Mr Dickson currently consults to the equity markets area for Henslow Pty Ltd. Former public directorships in last 3 years: Nil Elvis Mosweu (Non-Executive Director) BSc (Honours), MSc, Ph.D. Elvis Mosweu has been the longstanding exploration manager of Verity’s 100%-owned Botswanan subsidiary African Metals (Pty) Ltd for over 16 years. During this time, he has managed the Group’s copper-silver-nickel-PGE projects in Botswana. He was also previously involved in managing the exploration programs that led to the 118Mlb U3O8 Letlhekane uranium discovery by A-CAP Resources (now Lotus Resources Limited ASX:LOT). Former public directorships in last 3 years: None 2026 Annual Report Page | 17 Meetings of Directors The number of meetings of the Group’s Directors held during the year ended 30 June 2026, and the number of meetings attended by each Director are as follows: Board of Directors’ Meetings Director Eligible Attended P Volpe 3 3 P Dickson 3 3 E Mosweu 3 3 Directors regularly communicate by telephone, email or other electronic means, and where necessary, circular resolutions are executed to effect decisions. Due to the size and scale of the Group, there is no Remuneration & Nomination Committee or Audit & Risk Committee at present. Matters typically dealt with by these Committees are, for the time being, managed by the Board. For details of the function of the Board, refer to the Corporate Governance Statement. Principal Activities The Group’s principal activities during the year are exploration at the Monument Gold Project (Western Australia), Copper- Silver (Botswana), and