2025 Drilling Underway at Overland

Highlights:

• 2025 Drilling Started: ~5,000m of drilling planned through to the end of March with regular progress updates to the market.

• Palaeovalley Focus: Initial drilling will map the extent of the palaeovalley within EL7001, building on the encouraging results from the 2024 program.

• High-Priority Targets: Drilling will then target the western margin of the palaeovalley, following up on the mapped lignite horizons and associated gamma anomalies.

• Sheer Gold Farm-In Approved: Regulatory approvals have been received for the Sheer Gold Farm-In, enabling drilling to commence on three initial high-priority target areas (ASX release, 5 February 2025).

• Results Driven Approach: Interpretations from the current drilling will inform the next phase of exploration, including further drilling and/or geophysics, planned for the June quarter.

• Assay Results Imminent: Assay results from the 2024 drilling program are expected imminently. The Company anticipates these results will provide valuable correlation and confidence with the initial gamma and pXRF data.