This announcement is our formal response to an ASX price query, following recent movement in our share price and trading volumes.

ASX asked whether we hold any unannounced information that could explain the trading activity. Our answer is no. We confirmed that our Timor-Leste exploration programme is ongoing, but as at the date of our response no samples had been sent to the laboratory and no assay results were pending.

We pointed ASX to two announcements already on the market that we believe are the likely drivers of interest: our 12 August 2026 update on the MobileMTd UAV survey at the Ira Miri Manganese Project, which defined new drill targets, and our 26 August 2026 announcement on copper discoveries at the Laleno Dome MTd targets, which we released via a trading halt to make sure the market had our initial field observations before trading resumed. We also noted the broader market's growing interest in Timor-Leste's copper potential as a general backdrop.

We've confirmed to ASX that we're complying with our continuous disclosure obligations under Listing Rule 3.1, and that these responses were authorised by our board.

There's nothing new in this response beyond what's already been disclosed. It's a compliance step, not a trading update, and it doesn't change the exploration story we've already told the market.

If you have questions about this announcement, please use the question box on this page.