ASX Announcement & Media Release

3 July 2026

EMERALD

RESOURCES NL

Fast Facts

ASX Code: EMR

Shares on issue: 660,942,679

Market Cap: -A$3.8B

Cash: Bullion & Listed Investments (Mar26)

Cash: A$317.8M (US$231.2M)

Bullion: A$39.2M (US$26.8M)

Listed Investments: A$22.3M (US$15.3M)

Board & Management

Jay Hughes, Non-Executive Chairman

Morgan Hart, Managing Director

Mick Evans, Executive Director

Ross Stanley, Non-Executive Director

Billie Slott, Non-Executive Director

Michael Bowen, Non-Executive Director

Josh Redmond, Chief Operating Officer

Mark Clements, Company Secretary

Bernie Cleary, Operations Manager Cambodia

Brett Dumache, Chief Corporate Officer

Shannon Campbell, Chief Financial Officer

Company Highlights

Team

• Highly credentialed gold project operational and in-house development team;
• A proven history of building projects on time and on budget.

Gold Production

• Ok-az Gold Mine commissioned on time on budget in 2021;
• +500Koz gold produced project to date

Growth

• Significant exploration and resource growth potential in Cambodia;
• Ok-az Gold Mine reserve expansion;
• Memot Project (100%) open pit indicated and inferred resource of 45,000 @ 1,3p/t Av for 1.7Moz.
• 1.085km² of prospective tenure
• Significant exploration and resource growth potential in Australia
• Dingo Range Gold Project located on the underexplored Dingo Range greenstone belt
• Dingo Range open pit measured, indicated and inferred resource of 40,000 @ 1.1p/t Av for 1.41Moz
• 1.110km² of prospective tenure

CSS

• Processed on a net positive impact on near-mine environmental and social values by targeting strict compliance with corporate governance, international guidelines (IEC RS's) and local laws by engaging and collaborating with all stakeholders
• Commitment to carbon neutral operations in Cambodia

Registered Office

1110 Hay Street

West Perth WA 9005

T: +61 8 9286 6300

F: +61 8 6243 0032

W: www.emeraldresources.com.au

Option Exercise

Emerald Resources NL (ASX: EMR) ("Emerald" or "Company") advises that it has issued 136,305 fully paid ordinary shares (Shares) to employees following the exercise of 150,000 unlisted $1.09 options expiring 29 July 2026 (issued on 11 August 2021) for which one of the holders elected to pay the option exercise price by using the cashless facility provided under the Company's Incentive Plan.

The Company has also issued 30,530 Shares to an employee following the exercise of 40,000 $1.37 options, expiring 17 October 2027 (issued 31 October 2022) for which the holder elected to pay the option exercise price by using the cashless facility provided under the Company's Incentive Plan.

As required under section 708A(5)(e) of the Corporations Act 2001 (Cth) ("Corporations Act") Emerald gives notice that;

(a) Emerald issued the Shares without disclosure under Part 6D.2 of the Corporations Act.
(b) This notice is being given under paragraph 5(e) of section 708A of the Corporations Act.
(c) As at the date of this notice, Emerald has complied with the provisions of the Chapter 2M of the Corporations Act (as they apply to Emerald), and section 674 and 674A of the Corporations Act.
(d) As at the date of this notice, there is no excluded information with respect to Emerald for the purposes of sections 708A (7) and (8) of the Corporations Act.

An Appendix 2A reflecting the revised capital structure following the issue of the above securities has been released with this announcement.

This ASX release was authorised on behalf of the Emerald Board by: Morgan Hart, Managing Director.

For further information please contact

Emerald Resources NL

Morgan Hart

Managing Director