DEV H2 2026 Financial Report

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ANNUAL REPORT 2026 DevEx Resources Limited

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ANNUAL REPORT 2026 31 December 2025 2 Contents Corporate Directory ............................................................................................................................ 2 From the Chair and Managing Director ......................................................................................... 3 Directors’ Report .................................................................................................................................. 5 Auditor’s Independence Declaration ............................................................................................ 34 Financial Report ................................................................................................................................. 35 Consolidated Statement of Comprehensive Income ............................................................................................................... 36 Consolidated Statement of Financial Position ........................................................................................................................... 37 Consolidated Statement of Changes in Equity .......................................................................................................................... 38 Consolidated Statement of Cash Flows ...................................................................................................................................... 39 Notes to the Consolidated Financial Statements ...................................................................................................................... 40 Consolidated Entity Disclosure Statement .................................................................................................................................. 65 Directors’ Declaration ...................................................................................................................................................................... 66 Independent Auditor’s Report .................................................................... 67 Tenement Schedule ................................................................................... 71 ASX Additional Information ................................................................ 74 Competent Person Statement ....................................................... 76 Mineral Resource Statement ..................................................... 77

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CORPORATE DIRECTORY ANNUAL REPORT 2026 DevEx Resources Limited 2 Corporate Directory Directors Tim Goyder Chairman Marnie Finlayson Managing Director Brendan Bradley Technical Director Matthew Yates Non-Executive Director Company Secretary Kym Verheyen Principal Place of Business & Registered Office Level 3, 1292 Hay Street WEST PERTH Western Australia 6005 Tel: (+61 8) 6186 9490 Web: www.devexresources.com.au Email: info@devexresources.com.au Auditors HLB Mann Judd Level 4, 130 Stirling Street PERTH Western Australia 6000 Share Registry Computershare Investor Services Pty Limited Level 11, 172 St Georges Terrace PERTH Western Australia 6000 Tel: 1300 850 505 Home Exchange Australian Securities Exchange Ltd Level 40, 152-158 St Georges Terrace PERTH Western Australia 6000 ASX Code: DEV ABN 74 009 799 553 ASX Share Code: DEV

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FROM THE CHAIR AND MANAGING DIRECTOR ANNUAL REPORT 2026 DevEx Resources Limited 3 From the Chair and Managing Director Dear Fellow Shareholders, We are pleased to present our 2026 Annual Report, following a year in which DevEx Resources Ltd (DevEx) sharpened its focus and consolidated a district-scale land position across one of Australia's most prospective uranium provinces. The past 12 months has seen the global uranium market shift from optional to strategic. Structural demand from electrification, AI and data centres, a wave of policy support, including the July 2026 Australia-India export agreement, and a term price at its highest levels in more than 18 years, have reinforced our long-held conviction in the fundamentals of uranium. Against this backdrop, DevEx is a focused, well-funded uranium explorer, with the ground, the team and the capital to pursue the next high-grade discovery in the Northern Territory. 0BA New Force in Uranium During the year we consolidated a commanding land position in the Alligator Rivers Uranium Province. Through agreements with Alligator Energy Limited (ASX: AGE) and Rio Tinto Exploration Pty Ltd, both since completed, DevEx now holds approximately 9,200 square kilometres of contiguous uranium tenure surrounding the historical Nabarlek Uranium Mine, Australia's highest-grade uranium mine (past production of 24Mlbs at 1.84% U₃O₈). This makes DevEx the largest landholder within a unique province known for hosting massive uranium deposits such as the nearby Ranger and Jabiluka deposits. Tim Goyder Chair Marnie Finlayson Managing Director In April 2026 we published a district-scale exploration strategy, underpinned by the integration of geophysical, geological and drilling datasets across the expanded portfolio. This work esta blished a large, target-rich pipeline of discovery opportunities and a clear, multi-year pathway to advance prospects through to drilling. 2026 Exploration Programs The centrepiece of the year was the commencement of our 2026 Nabarlek drilling campaign, to test several priority targets at Big Radon, KP, Sandfire and Nabarlek North prospects. This is the first phase of a sequenced, multi-year exploration program aimed at vectoring into the next major discovery in a province uniquely renowned for large high- grade uranium deposits.

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FROM THE CHAIR AND MANAGING DIRECTOR ANNUAL REPORT 2026 DevEx Resources Limited 4 At the KP Prospect, first pass drilling has encountered intensely altered rocks at the target horizon similar in style and intensity to the rocks adjacent to the Nabarlek deposit, while first pass drilling at Big Radon returned shallow uranium mineralisation. Relogging of historical core at Caramal has opened a further compelling drill target, and a new airborne hyperspectral survey flown in August is expected to sharpen targeting across the region. At our Murphy West Uranium Project, held through earn-in agreements along the southern McArthur Basin, ongoing soil geochemistry delineated several new kilometre-scale, multi-element anomalies, with drill permit applications lodged to support a maiden program. Corporate In December 2025 we implemented a leadership structure designed to drive the Company's next phase of growth, welcoming Marnie Finlayson as Managing Director, following her distinguished career with Rio Tinto, and Matthew Yates, as a Non-Executive Director. During the year we also completed a well-supported capital raising totalling $38.9 million, underpinning the NT acquisitions and expanded exploration campaign, and closed the period well-funded with $27.2 million in cash. In June 2026, DevEx was included as a constituent of the Sprott Junior Uranium Miners ETF (NASDAQ: URNJ), broadening our exposure to a global uranium investor base. We continue to assess value-accretive acquisition opportunities consistent with our ambition to build a scaled, multi-asset uranium business. Commitment to Sustainability and Stakeholders The health and wellbeing of our people, genuine stakeholder relationships and responsible exploration remain central to how DevEx operates. During the year we recorded no environmental incidents and had no lost time incidents. We are grateful for the strong support of Traditional Owners and the Northern Land Council, and remain committed to enduring partnerships, cultural engagement and Indigenous employment across our operations. Conclusion and Outlook DevEx enters FY2027 with rigs turning, results beginning to flow and a multi-year pipeline designed to keep targets in front of our drills. With a dominant position in a proven province, a resurgent uranium market, a strong balance sheet and an experienced team and Board, we believe DevEx is exceptionally well placed to deliver on its vision of becoming the new force in uranium. In closing, we thank our shareholders for their continued support and belief in the opportunity we are building. We also acknowledge the vital contribution of our employees, Traditional Owners, partners and the broader communities in which we work. We look forward to sharing what promises to be a defining year of exploration in FY2027. Yours sincerely, Tim Goyder Chairman Marnie Finlayson Managing Director

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 5 Directors’ Report For the year ended 30 June 2026

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 6 The directors present their report together with the financial statements of the Group consisting of DevEx Resources Limited (”DevEx” or ”the Company”) and its controlled entities (“the Group”) for the financial year ended 30 June 2026 and the independent auditor’s report thereon. Directors The names and details of the Company’s directors in office during the financial year and until the date of this report are as follows. Directors were in office for this entire period unless otherwise stated. Mr Tim Goyder Non-Executive Chairman (Non-independent) Appointed on 18 March 2002. Experience: Mr Goyder is a highly regarded mining executive with over 49 years’ experience within the resources industry. He has been involved in the formation and management of several publicly listed companies, focused on mineral exploration and development. During his career Mr Goyder has had considerable experience in capital raising within both the Australian and international markets. Interests in Shares and Options at the date of this report: 111,897,621 ordinary shares. 1,000,000 unlisted options at $0.52 expiring 24 November 2026. Special Responsibilities: None. Directorships held in other listed entities in the last three years: Mr Goyder is currently Chairman of Liontown Limited (February 2006 to current) and a Non-Executive Director of Minerals 260 Limited (June 2021 to current). Ms Marnie Finlayson Managing Director Appointed on 1 December 2025. Qualifications: BEng (Hons), GAICD Experience: Ms Finlayson is a minerals processing engineer with extensive mining experience in the global resources sector across gold, iron ore, diamonds, base metals and coal. During her 17-year career with Rio Tinto, she held numerous senior leadership and operational roles, most recently as Managing Director of its Battery Materials business. Interests in Shares, Options and Performance Rights at the date of this report: 344,828 ordinary shares. 5,000,000 unlisted options at $0.18 expiring 30 November 2029. 5,000,000 unlisted options at $0.24 expiring 30 November 2030. 9,900,000 performance rights Special Responsibilities: None. Directorships held in other listed entities in the last three years: Ms Finlayson is currently a Non-Executive Director of Northern Star Resources Limited (October 2022 to current).

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 7 Mr Brendan Bradley Technical Director Appointed on 1 June 2017. Transitioned from Managing Director on 30 September 2024. Qualifications: BSc (Hons), MAIG Experience: Mr Bradley is a geologist with over 20 years of mineral exploration, mining and resource development experience in a broad range of geological settings. In previous years he has worked in the Asian region in a variety of business development roles for mid-tier gold miners Kingsgate Consolidated and Dominion Mining. Interests in Shares and Options at the date of this report: 6,387,220 ordinary shares. 1,500,000 unlisted options at $0.52 expiring 24 November 2026. 3,000,000 unlisted options at $0.23 expiring 21 January 2029. Special Responsibilities: None. Directorships held in other listed entities in the last three years: Mr Bradley was previously a Non-Executive Director of Lachlan Star Limited (October 2023 to March 2026). Mr Matthew Yates Non-Executive Director Appointed on 01 December 2025. Qualifications: BSc (Hons), MAIG Experience: Mr Yates is a geologist with over 35 years of mineral exploration, mining and resource development experience in a broad range of geological settings. He was the co- founder and Executive Chairman of gold developer OreCorp Limited, leading it through to its acquisition by Perseus Mining for $280 million in 2024. Earlier in his career, he played a key role in acquiring and advancing several significant uranium projects in Africa, serving as Managing Director of OmegaCorp Limited and Joint Managing Director of Mantra Resources Limited. Interests in Shares and Options at the date of this report: 1,306,897 ordinary shares. 3,000,000 unlisted options at $0.23 expiring 21 January 2029. Special Responsibilities: None. Directorships held in other listed entities in the last three years: Mr Yates is currently Non-Executive Chairman of Solstice Minerals Limited (February 2013 to present) and was formerly Executive Chairman of OreCorp Limited (February 2013 to April 2024).

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 8 Mr Todd Ross Managing Director Appointed on 30 September 2024. Resigned on 30 November 2025. Qualifications: BBus, GradDipAppFin, GAICD Experience: Mr Ross has over 27 years of experience in the natural resources sector. His career also includes senior executive roles at BNP Paribas, Westpac, and Royal Bank of Canada, where he played a key role in financing critical commodities for the energy transition. Interests in Shares and Options at the date of resignation: 1,000,000 unlisted options at $0.27 expiring 21 November 2028. 1,000,000 unlisted options at $0.32 expiring 21 November 2028. Special Responsibilities: None. Directorships held in other listed entities in the last three years: Mr Ross was previously the Managing Director and CEO (April 2022 to September 2024) and Non-Executive Chairman (September 2024 to May 2025) of Nordic Resources Limited. Company Secretary Ms Kym Verheyen Company Secretary Appointed on 16 December 2019. Qualifications: BCom, CA Experience: Ms Verheyen is a Chartered Accountant with over 25 years’ experience gained in both public practice and commerce. Ms Verheyen commenced her career with Deloitte and has since held finance positions in a number of listed resource companies. Kym is the former Company Secretary and Finance Manager for Liontown Limited. Directors Meetings The number of directors’ meetings each director was eligible to attend during the year and the number of meetings attended by each director were as follows: Directors’ Meetings Held Attended T Goyder 7 7 M Finlayson1 5 5 B Bradley 7 7 M Yates 1 5 5 T Ross2 2 2 1 Ms Finlayson was appointed as Managing Director and Mr Yates as a Non-Executive Director on 01 December 2025. 2 Mr Ross resigned as Managing Director on 30 November 2025. The Company does not have a separate Audit and Risk, Remuneration or Nomination Committee. The Board as a whole performs the functions of these committees, including oversight of financial reporting, risk management, compliance, auditor independence, remuneration and board composition. The Board considers these arrangements appropriate given its current size and composition.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 9 Principal Activities The principal activities of the Group during the course of the financial year were uranium exploration and evaluation and there have been no significant changes in the nature of those activities during the year. Operating and Financial Review The directors of the Company present the Operating and Financial Review of the Group, prepared in accordance with section 299A of the Corporations Act 2001 for the year ended 30 June 2026. The information provided in this review forms part of the Directors’ Report and provides information to assist users in assessing the operations, financial position and business strategies of the Company. Our Strategy and Commitment to Sustainability DevEx’s ambition is to become a new force in uranium, creating optimal value for investors, communities and stakeholders into the future. The strategy is built on three pillars: • Find, build and operate within a world-class mining region — targeted exploration an d systematic drilling across district-scale landholdings in the Northern Territory’s uranium provinces; • Unlock a pipeline of growth assets — disciplined merger and acquisition activity to secure access to more advanced projects capable of being developed into lower-quartile operating assets, being the pathway by which the Company expects to move beyond exploration; and • Be the partner of choice — early, enduring and respectful part nerships with Traditional Owners, local communities, regulators, governments and industry partners, and safe and sustainable site management. At DevEx, we are committed to operating sustainably and ethically across all of our business practices. As we advance our exploration activities, we recognise the importance of maintaining best practice standards in environmental, health and safety, and community engagement. These principles are embedded in our decision-making process, and we are committed to upholding these standards throughout our operations. DevEx places a strong emphasis on monitoring our social and environmental performance, ensuring alignment with our long-term business goals. Our operations are conducted almost entirely on Aboriginal land in the Northern Territory, under agreements with the Northern Land Council and with the consent of Traditional Owners. Maintaining those relationships is not only a licence-to-operate obligation but a precondition to the Company’s exploration programme. Environmental, Social and Governance The Board recognises that environmental, social and governance factors represent material risks and opportunities to the Company’s operations and prospects, and monitors these regularly as part of the Group’s risk management framework. The Group is not currently within the scope of Australia’s mandatory climate-related financial disclosure regime under AASB S2, given its size and absence of operating revenue. The Board monitors the Group’s reporting obligations as the portfolio grows and will report against the regime when required to do so. Community The Company seeks to develop mutually beneficial relationships with host communities, governments and other key stakeholders, wherever we operate, through open and constructive engagement, based on mutual respect and trust. To ensure we deliver on these commitments, DevEx has developed a Community Relations Policy, which is available at: www.devexresources.com.au/governance.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 10 The Company’s expanded landholding in the Alligator Rivers Uranium Province is held under exploration agreements with the Northern Land Council, a number of which provide for future benefits to Traditional Owners. During the year the Company completed Aboriginal heritage clearance surveys across priority target areas and engaged with the Northern Land Council and Traditional Owners in relation to access across its tenure as appropriate. Discussions regarding renewal of the exploration access agreement covering the Tin Camp Creek tenements are well advanced and are expected to conclude during the 2026 calendar year. The DevEx team are proud to wear uniforms featuring the artwork of local artist and employee, Isaac. Isaac has been employed by DevEx since 2022 and continues to be a valuable field member during our busy drill programs at the Nabarlek Project. Isaac creates works of art inspired by his family’s stories and history, and the wildlife of his home in the Northern Territory. His art is also displayed on the walls of the DevEx head office in Perth and more recently on bags that were created for an investor site visit to Nabarlek. DevEx works closely with the local communities surrounding Nabarlek. DevEx has assisted these communities with various on-country support programs, including restoration activities associated with the Mankinhkinh Kani outstation (‘The Place of the Morning Star’). These activities and other similar works have enabled local communities to actively pursue their traditional activities for extended periods. By doing so, the Company hopes to play its part in encouraging local reconnection with values and on-going connection with the land. This engagement underscores our commitment to sustainable development and fostering positive relationships with the local community. Environment DevEx understands that responsible environmental management is essential to sustainable business success and is committed to effective environmental management. This is reflected in the recent reduction in the Environmental Bond held for the Nabarlek mine site following successful remediation of a radiological site adjacent to the old pit. All environmental management is undertaken in accordance with our Environmental Policy, which commits us to follow best practice in our activities and strive to continually improve our environmental management. A copy of our Policy is available at: https://www.devexresources.com.au/governance. There were no significant environmental incidents and no environmental breaches or infringement notices during the year, and the Company met all regulatory requirements applying to its activities. Governance DevEx’s Corporate Governance Policies form the basis of a comprehensive system of control and accountability for the effective administration of corporate governance. The Company’s Board is committed to administering the policies and procedures contained therein with openness and integrity, applying the true spirit of corporate governance to all Company activities. This governance framework was developed with reference to the recommendations set out in the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations 4th edition and has been reviewed by the Board and updated as necessary during the past year. During the year the Board was renewed with the appointment of Ms Marnie Finlayson as Managing Director and Mr Matthew Yates as an independent Non-Executive Director, both effective 1 December 2025. The Board comprises four directors, of whom one is independent. The Board does not currently have separate Audit and Risk or Remuneration and Nomination Committees and performs those functions itself. The Board manages actual and potential conflicts of interest in accordance with the Corporations Act. The Board considers these arrangements appropriate to the current size and stage of the Company and keeps them under review as the scale of the Group’s activities increases. The complete governance framework is available at https://www.devexresources.com.au/governance.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 11 Risk Management Risk management is overseen by the Board of Directors. The Board and management review the risk profile of the business and implement and monitor controls to effectively manage risk. DevEx has a strong focus on the identification of material risks and the implementation and monitoring of the controls to mitigate those risks. Material risks (Critical Risks) are considered those with a major or extreme consequence (irrespective of probability) as well as those with major or extreme residual risk ratings. Risk ratings are determined in accordance with ISO 31000:2018 recommended risk practices. Further information can be found in the Risk Management Policy available at www.devexresources.com.au/governance. Health and Safety DevEx is committed to maintaining a safe and healthy working environment for all employees, contractors, and visitors. We work to prevent injuries and illnesses through effective safety management systems. Our Workplace Health & Safety Policy governs all business activities, ensuring that health and safety standards are continually met and reviewed. A copy of the Policy is available at https://www.devexresources.com.au/governance. As a uranium explorer, the Company manages radiation exposure in accordance with its Radiation Management Plan. Factors and Business Risks Affecting Future Business Performance The following factors and risks could have a material impact on the Company’s ability to deliver its strategy and achieve its business objectives: Access to Funding The Company’s rate of exploration across its projects depends on timely access to sufficient funding. Mineral Exploration The business of exploration, by its nature, contains elements of significant risk with no guarantee of success. Ultimate and continued success is dependent on many factors such as:  discovery of economically recoverable resources and reserves;  access to adequate capital for project development;  securing and maintaining title to interests;  obtaining necessary consents and approvals;  access to competent management and appropriately skilled personnel; and  environmental management. Commodity Prices and Exchange Rates Commodity prices fluctuate according to changes in demand and supply. Changes in commodity prices can significantly impact exploration activities and investment decisions. Regulatory and Permitting Delays in obtaining exploration permits or changes in regulatory requirements can hinder exploration progress and increase costs.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 12 Land Access There is a substantial level of regulation and restriction on the ability of exploration and mining companies to have access to land in Australia. Negotiation with Traditional Owners and/or land owners/occupiers are generally required before a company can access land for exploration activities, with requirements also varying from state to state. Inability to access, or delays experienced in accessing the land, may impact the Company’s activities. Market Demand and Economic Viability In some cases, exploration is driven by potential commercial opportunities, such as discovering new resources. The future demand for such resources can affect the economic viability of exploration projects. Operational Review Northern Territory Uranium Portfolio DevEx holds an extensive and highly prospective uranium portfolio in the McArthur Basin in the Northern Territory, Australia, with its key projects located along the north-western (Nabarlek) and southern (Murphy West) margins of the McArthur Basin (Figure 1). With a uranium endowment of over 700Mlbs1,2,3,4,5 , and strong geological analogies to the Athabasca Basin in Canada, the McArthur Basin is highly prospective for large-scale, unconformity-type uranium discoveries. FY2026 marked a significant year of progress for the Company’s uranium portfolio. Through two separate transactions, with Rio Tinto Exploration Pty Ltd and Alligator Energy Limited (ASX: AGE), DevEx consolidated a contiguous landholding of approximately 9,200km² surrounding the historical Nabarlek Uranium Mine, the largest land position in the Alligator Rivers Uranium Province (ARUP). For the first time, this permits a unified, district-scale targeting strategy across one of the world’s premier uranium exploration districts, and it has produced a pipeline of drill-ready and emerging targets capable of sustaining a multi-year exploration programme (Figure 4). Figure 1: DevEx’s NT uranium projects surrounding the uranium-endowed margin of the McArthur Basin (left side of the figure). The McArthur Basin and the uranium deposits found to date bear close similarity to the Athabasca Basin (right side of the figure) in Canada.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 13 Strategic Context and Outlook DevEx is one of a select few companies exploring for high-grade, unconformity-type uranium deposits in Australia, focused on the same proven geological setting as the Nabarlek, Ranger and Jabiluka deposits. The McArthur Basin is Australia’s Athabasca. It hosts Nabarlek, Ranger and Jabiluka, yet over the past twenty-five years it has attracted only a fraction of the exploration investment directed at the Athabasca Basin in Canada — a gap that reflects the policy settings and market conditions of the period rather than the prospectivity of the ground. DevEx is now one of a small number of companies positioned to test the region at scale. Deposits of this style are modest in footprint but exceptional in grade, and they are found by layering datasets to vector in on a narrow structural position at or beneath the unconformity. The Company’s exploration model for the ARUP (Figure 3) requires several elements to come together: a fault in the position the model predicts, the right host rocks beneath the unconformity, the alteration signature that marks the passage of mineralising fluids — illite and pyrophyllite in the overlying sandstone, haematite and chlorite in the basement — and evidence that uranium is present and migrating through the system. Each phase of exploration is designed to test those elements in sequence, so that ground is advanced or set aside on evidence rather than inference. During the year the Northern Territory Government added uranium to its Critical Minerals List, reinforcing both the strategic importance of the commodity and the Company’s focus on the Territory. With a consolidated, district-scale landholding, a defined multi-year pipeline of drill-ready targets, a strengthened balance sheet and a refreshed Board and leadership team, the Company believes it is well positioned to create significant value through exploration discovery. Nabarlek Uranium Project, NT (100%) Location At the Nabarlek Uranium Project, DevEx holds approximately 9,200km² of contiguous tenure on the north-western margin of the McArthur Basin within the ARUP in the Northern Territory (Figure 1), the largest land position in the Province. The ARUP hosts some of the world’s most significant uranium deposits, including the nearby Jabiluka deposit (307Mlbs of uranium4) and the former Ranger Uranium Mine (300Mlbs3). The Nabarlek Project is centred on and includes the historical Nabarlek Uranium Mine, considered one of the highest- grade uranium mines in Australia, with previous production of 24Mlbs @ 1.84% U₃O₈.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 14 Figure 2: DevEx’s expanded Nabarlek Project following acquisition of the tenement package from Alligator Energy Limited. (Company tenements are combined where continuous and minor excisions are removed for ease of presentation). Tenure Consolidation Rio Tinto Exploration. On 20 November 2025 the Company announced a binding agreement under which it would acquire 100% of nine uranium exploration licence applications in the ARUP from Rio Tinto Exploration Pty Ltd for a total of $500,000 and a $500,000 contingent payment on the earlier of the delineation of a Mineral Resource of at least 40Mlb U₃O₈ (with at least 50% in the Measured and Indicated categories) or a Decision to Mine. The applications, lie east of the former Ranger Uranium Mine and are contiguous with DevEx’s Nabarlek tenure, providing a consolidated region of prospectivity to the east of Nabarlek that underpins several of the Company’s priority emerging targets. Alligator Energy. On 1 December 2025 the Company announced a binding agreement to acquire 100% of Alligator Energy Limited’s entire uranium exploration tenement package in the ARUP for $7.5 million. Completion occurred on 26 June 2026. The AGE package materially expands the Company’s exposure to two uranium-bearing corridors. North of DevEx’s Nabarlek Project, AGE’s tenure ties together more than 50 kilometres of under-explored uranium-bearing faults, including between DevEx’s U40 and Sandfire Prospects where previous drilling at U40 Prospect returned high- grade, shallow mineralisation over some 500 metres of strike, including 6.0m @ 7.6% U₃O₈ from 75m (NAD7492) and 4.8m @ 1.9% U₃O₈ from 80m (NAD7493). To the south of Nabarlek the acquisition also captures the southern extension of the Nabarlek and Khyber Fault Corridors which host several historical uranium prospects including the Caramal uranium deposit.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 15 The Exploration Model Unconformity-type uranium deposits of the ARUP are typically hosted within basement hosted fault breccias at, or beneath, the unconformable contact between the basement rocks and the overlying McArthur Basin sandstones. The deposits are typically characterised by alteration footprints which include proximal chlorite and haematite alteration with other alteration minerals including illite and pyrophyllite extending into the overlying sandstones. DevEx’s targeting sequence follows that footprint inward, regional geophysics (including magnetics and radiometrics) to locate the fault corridors, ground gravity and surface geochemistry to resolve the structures and recognise favourable host rocks for uranium deposition with drilling to test the predicted position at or beneath the unconformity. It is a model that allows a large district to be reduced to a manageable number of testable targets, and it is the organising logic behind the pipeline described below (Figure 4). Figure 3: Alligator Rivers Uranium Province Exploration Model - displaying typical alteration associated with uranium mineralisation at or near the unconformity

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 16 District-Scale Targeting and the 2026 Drilling Campaign Following consolidation, DevEx integrated the geophysical, geological and drilling datasets acquired with the new tenure alongside its own. On 29 April 2026 the Company published a district-scale exploration strategy which mapped the principal uranium-bearing fault corridors across the expanded project area — the Angularli, Jet, Mustang, Khyber and Nabarlek Fault Corridors — and prioritised targets wher e structural complexity coincides with kilometre-scale geochemical and geophysical anomalies. Four targets were confirmed as drill-ready for the 2026 campaign. Drilling commenced at Nabarlek in late July 2026, with reverse circulation (RC) and diamond drilling comprising approximately 15,000 metres of reverse circulation and diamond drilling across 66 holes at the KP, Sandfire, Big Radon and Nabarlek North Prospects. In addition, DevEx have lodged its drill permit applications for other drill targets at Caramal Prospect and the Murphy West Project on the southern side of the McArthur Basin. The campaign is the first phase of a sequenced, multi-year pipeline (Figure 4), designed so that each target is either advanced or set aside on its technical merits. Early drilling at an unconformity-style target is about answering three questions: is the fault where the model predicted it, does it have the right altered host rocks, and is uranium present within the system. First-pass drilling has begun to answer those questions at KP, Sandfire and Big Radon, alongside drill permit applications lodged to advance a further five targets, mapping and surface geochemistry across five prospects between Nabarlek and Caramal underway alongside a new airborne hyperspectral survey flown over the granted tenements. Figure 4: DevEx’s Strategic Plan (as released in April) to advance its target-rich pipeline

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 17 KP — A two-kilometre-long radon anomaly is interpreted to be associated with a north-west trending fault zone beneath the overlying McArthur Basin sandstones. The interpretation is supported by a recent ground gravity survey which maps structural complexity beneath the radon anomaly. A nearby radiometric anomaly recognised in DevEx’s 2024 airborne survey adds to the technical merits of the target. Drilling has passed through approximately 100 metres of sandstone cover into strongly altered (chlorite haematite) basement schists displaying geology and alteration style similar to that seen proximal to the Nabarlek deposit. Diamond hole NBDD26003, drilled to test the interpreted position of the KP Fault, intersected a 10 metre wide fault breccia within the sandstone above the unconformity, infilled by semi-massive chlorite with minor haematite, an assemblage documented at other preserved unconformity-type deposits, including Jabiluka, where the chlorite in the overlying sandstone is compositionally identical to the chlorite associated with mineralisation below the unconformity. Follow-up diamond drilling is designed to test the same structure where it is projected to cross beneath the unconformity, into a structural position analogous to that hosting the Nabarlek deposit to the south-west. Figure 5: RC and ongoing diamond drilling at KP Prospect where significant haematite-chlorite alteration has been encountered in drilling beneath the overlying sandstone and conformity Figure 6: Interpreted Cross Section at KP, looking north-west, where diamond hole DD3 has intersected a chlorite-haematite altered fault breccia above the unconformity. Drilling will target the projection of the breccia where it crosses below the unconformity into a Nabarlek-type target position. Sandfire — Located approximately 2.5km along strike from Deep Yellow Limited’s (ASX: DYL) high-grade Angularli Uranium Deposit (Mineral Resource Estimate of 32.9Mlbs @ 1.09% U₃O₈6), the Sandfire tenement (EL29897) had not previously been explored. Ground gravity and surface geochemical surveys completed during the year mapped the continuation of the Angularli Fault Zone onto DevEx’s tenure, which lay coincident with a 1.6km pathfinder anomaly — a coherent lithium–beryllium signature associated with the Angularli Fault, with a second anomaly tracking the north- east trending Sandfire Fault. The junction of the two faults, coincident with a subtle airborne radiometric (uranium channel) anomaly, is interpreted as structurally favourable and a chemical trap for uranium-bearing fluids. Reverse circulation and diamond drilling is being undertaken on DevEx’s tenure to test the projected position of the Angularli Fault Zone at the interpreted fault junction.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 18 Big Radon — An extensive three-kilometre-long radon track etch anomaly over the Nabarlek Fault Corridor, south of the historical Nabarlek Mine. Ground gravity completed over the northern half of the anomaly identified cross-faulting dislocating the corridor, with one of the areas showing the highest density of cross-faulting coinciding with the strongest radon anomaly. Historical airborne hyperspectral data acquired by De Beers identified pronounced illite alteration directly associated with the radon anomaly, and field reconnaissance recognised bleached sandstones in outcrop — together indicating the potential for upward le akage from a buried unconformity-type uranium deposit. First-pass drilling of seven reverse circulation and diamond holes tested the northern portion of the anomaly and identified an approximately 20 metre wide, north-trending fault zone along its western edge. Shallow uranium mineralisation was intersected in chlorite-altered schist adjacent to the western margin of that fault zone in hole NAR26002, with down-hole gamma reporting 1.6m @ 680ppm uranium equivalent (eU₃O₈) from 26 metres, including 0.4m @ 1,041ppm eU₃O₈ Field validation using a handheld scintillometer and pXRF confirmed uranium associated with unweathered chlorite- altered schist. The fault has been tested on two broad 300 metre traverses aimed at identifying a Jabiluka scale opportunity, and structural interpretation of the diamond drilling will determine the extent and priority of follow-up drilling. The results are considered encouraging for a Nabarlek-scale exploration target. Nabarlek North — A new interpretation of ground gravity and drillin g data indicates that the northern fault zone targeted by historical drilling may be the extension of the sub-parallel East Shear, placing the more prospective Nabarlek Fault in ground that has been tested only on broad 400m spaced traverses — far too wide to identify a high- grade Nabarlek-type deposit. A drill programme has been designed to test the more prospective fault position. Caramal and the Orion Fault Corridor Rock-chip sampling at the Orion East Prospect, north-east of the Caramal deposit, returned assays of up to 0.31% U₃O₈ (3,140ppm) from a sub-vertical, haematite-altered fault breccia which sub-crops over widths of between 2 and 5 metres and strikes north–south. The breccia remains open along strike to the north and south beneath the overlying McArthur Basin sandstones. These results build on historical assays of up to 2.1% U₃O₈ from nearby sampling by AGE. Re-logging of historical diamond drill core at Caramal confirmed a geological profile comparable to that seen at the Jabiluka deposit, including prospective carbonate sequences extending eastward from Caramal. The Company has commenced validation of historical drilling in the Caramal Region and has applied for permits to drill there. Historical drilling at Caramal returned significant intercepts including 14m @ 0.71% U₃O₈ from 108m (CAD11-020), 21m @ 0.22% U₃O₈ from 126m (OBRD12-067) and 13m @ 0.49% U₃O₈ from 75m (OBRD12-068). As the relogging programme progressed it recognised a close timing and spatial relationship at Caramal between the chlorite-rich breccia hosting the uranium mineralisation (Figure 7), an unmineralised flat-lying dolerite intruding the same breccia, and the footwall carbonate unit. Review of diamond holes along the periphery of the deposit then identified a 14 metre wide (down-hole), weakly radiogenic — up to 83ppm U ₃O₈ — chlorite-altered breccia in hole CAD11-021, intruded by a thin dolerite displaying characteristics identical to those within the mineralised breccia at Caramal. That breccia lies immediately north of the abrupt termination of mineralisation and host rocks at Caramal, and is interpreted as the possible down-faulted northern continuation of the deposit, sitting deeper than most historical drilling reached and in an area where that drilling is sparse. Applications to drill this target, together with four others in the Caramal region, were lodged with the Northern Territory regulator in June 2026.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 19 Figure 7: Caramal Region: Geological summary of the Caramal region overlain by contours of recently compiled airborne radiometric (uranium channel) survey and RC and diamond drilling. Geological mapping centred on the Caramal deposit where it comes to surface has identified significant haematite alteration extending above the unconformity into the overlying sandstones, mirroring the relationship between haematite intensity and underlying mineralisation observed in drilling. That relationship opens the prospect of mapping the same alteration style regionally. Reprocessing of the Australian ASTER geoscience datasets over the Caramal region has recognised a ferric-oxide rich corridor extending north and south of the deposit, coincident with several previously identified targets at Caramal North, which now warrants field investigation. Advanced Targeting — Airbor ne Hyperspectral Survey A detailed airborne hyperspectral survey was flown across the Company’s granted tenements during August 2026. The survey covers the full length of several regional-scale uranium-bearing fault corridors — including the Khyber Pass, Nabarlek and Angularli/Quarry Faults — and is designed to detect the alteration clays and mineralisation signatures distinctive to buried unconformity-type uranium deposits (Figure 3). Processing of the resulting datasets has commenced. Integrated with the Company’s existing geological, geophysical and geochemical layers, the survey is expected to materially assist target prioritisation across the district and to inform the sequencing of subsequent drilling. Emerging Targets Consolidation of the acquired datasets has identified large, kilometre-scale radiometric anomalies along key uranium- bearing fault corridors at the Mustang, Skytrain, Junction, Corsair, Black Bream and QF Prospects, a number of which lie over tenement applications. These anomalies may represent the partial expression of large, Jabiluka-scale uranium deposits masked by the overlying McArthur Basin sandstones. DevEx is working with the Northern Land Council and Traditional Owners to secure access to explore these targets over the coming 24 months and is in the process of advancing the underlying tenement applications through to grant over the coming 12 months.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 20 Murphy West Uranium Project, NT (Earning-in) Location The Murphy West Uranium Project covers a province-scale area of approximately 10,000km² in the Northern Territory. Similar to the Nabarlek Project, Murphy West lies along the prospective margin of the southern McArthur Basin (Figure 1) and west of Laramide Resources Limited’s (ASX: LAM) Westmoreland uranium project in Queensland, which hosts a Mineral Resource Estimate of 65.8Mlbs U₃O₈5. Despite its highly prospective position, Murphy West has undergone minimal exploration for uranium. Exploration Update Exploration during the year focused on a first-pass surface geochemical sampling programme testing the uranium radiometric anomalies identified from the Company’s 2024 airborne radiometric and magnetic survey. The Company’s targeting methodology is underpinned by an orientation soil and vegetation survey completed over Laramide’s Junnagunna Uranium Deposit at Westmoreland, undertaken with Laramide’s support. Junnagunna is masked by surficial regolith and flat-lying volcanic rocks and displays no discernible uranium signature in either soils or radiometrics, yet the orientation survey was able to pinpoint the deposit using a suite of pathfinder elements — including lead, copper and beryllium — known to be associated with uranium deposits in the broader McArthur Basin. Initial assay results announced in October 2025 defined several kilometre-scale, multi-element pathfinder anomalies at Areas A and G with geochemistry closely comparable to that overlying Junnagunna. Further sampling announced in March 2026 identified additional kilometre-scale anomalies at Areas B, H and I. By that date 890 soil samples had been collected, testing 20 priority radiometric anomalies. Of these, five — Areas A, B, G, H and I — have been ranked as priority targets ready for drill testing (Figure 8). Figure 8: Murphy West Uranium Project – Field investigations including surface geochemistry are testing priority uranium radiometric anomalies identified from the recent airborne survey.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 21 Drill permit applications have been lodged with the Northern Territory Regulator ahead of a maiden multi-target shallow drill programme in the 2026 field season. Mapping encountered laterite cover masking the underlying geology; understanding the depth of the prospective stratigraphy and the position of favourable structures is a priority focus for the planned drilling. DevEx is exploring Murphy West under three separate earn-in agreements covering granted tenure held by Barkly Rare Earths Limited (ASX: BAK) (formerly Transition Minerals Limited) and GSW Minerals Pty Ltd, and Exploration Licence applications held by Trek Metals Limited (ASX: TKM), totalling approximately 10,000km² of prospective tenure. Under the terms of these agreements the Company may earn a 75% interest in uranium rights within the Barkly tenure and a 75% interest in the GSW tenure. Kennedy Rare Earth Element (REE) Project, QLD (100%) Location The Kennedy Rare Earth Element Project is an advanced exploration project in North Queensland, Australia. The Kennedy Project remains one of only a select few ionic clay projects that have been defined in Australia. The Project is well located nearby to existing infrastructure networks, including transportation, power supply and bulk port facilities. Queensland has an established mining sector supported by a skilled workforce and government support. Mineral Resource and Project Evaluation The Inferred Mineral Resource Estimate for Kennedy remains unchanged from that first reported on 4 July 2024, comprising 150Mt at 1,000ppm TREO (470ppm TREO-CeO₂) at a cut-off grade of 325ppm TREO-CeO₂, or 88Mt at 1,200ppm TREO (560ppm TREO-CeO₂) at a 475ppm cut-off grade. The entire Inferred Mineral Resource sits in unconsolidated clay-rich gravels commencing from surface with no overburden, with potential to expand the estimate through infill and extensional drilling to the west. Table 1: Kennedy Project Inferred MRE Cut-off TREO-CeO2 (ppm) Tonnes (Mt) TREO (ppm) TREO-CeO2 (ppm) Pr6O11 (ppm) Nd2O3 (ppm) Tb4O7 (ppm) Dy2O3 (ppm) MREO (ppm) 325 150 1,100 470 32 120 3.7 22 180 475 88 1,200 560 39 150 4.4 25 220 (Rounding errors are apparent. Refer to Mineral Resource Statement) During the year the Company undertook further sampling and testwork to refine its understanding of processing options and product specifications as it considers the best pathway forward for the Project.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 22 Jimblebar Copper-Nickel Project, WA (Earn-in) DevEx is exploring the Jimblebar Project as part of an earn-in agreement with Trek Metals Limited (ASX: TKM). Consistent with the Company’s sharpened focus on its Northern Territory uranium portfolio, DevEx is seeking expressions of interest in relation to a potential assignment of its rights under the Jimblebar earn-in agreement. REPORT REFERENCES 1 Mineral Resource: Deep Yellow Limited Mineral Resource Estimate Update for Angularli - 3 July 2023. 2 McKay, A.D. & Miezitis, Y., 2001. Australia's uranium resources, geology and development of deposits. AGSO-Geoscience Australia, Mineral Resources Report 1. 3 Energy Resources of Australia Ltd Annual Production Reports 2001 to 2018 and Mineral Resource. 4 Energy Resources of Australia Ltd (ASX:ERA) Annual Statement of Reserves and Resources January 2018. 5 Laramide Resources Ltd (ASX:LAM) Amended ASX Announcement “Laramide Announces an Increase in Mineral Resource Estimate for Westmoreland Uranium Project” released on 7 March 2025. 6 Deep Yellow Limited Mineral Resource Estimate Update for Angularli – 3 July 2023. FIGURE REFERENCES Figure 2 1 Production History: McKay, A.D & Miezitis, Y. 2001. Australia’s uranium resources, geology and development of deposits. AGSO – Geoscience Australia, Mineral Resource Report. ERA Annual Production Reports 2001 to 2018. 2 Mineral Resource: Deep Yellow Limited Mineral Resource Estimate Update for Angularli – 3 July 2023. Energy Resources of Australia Limited – Annual Statement of Reserves and Resources – January 2018.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 23 Financial Review Corporate On 19 November 2025 the Company announced the appointment of Ms Marnie Finlayson as Managing Director, effective 1 December 2025, succeeding Mr Todd Ross. Ms Finlayson joined DevEx following a career with Rio Tinto spanning several decades, most recently as Managing Director – Battery Materials, and is a Non-Executive Director of Northern Star Resources Limited. On 26 November 2025 the Company announced the appointment of Mr Matthew Yates as a Non-Executive Director, also effective 1 December 2025. Mr Yates is a co-founder and former Executive Chairman of OreCorp Limited with extensive uranium and corporate transaction experience. On 3 December 2025 the Company announced a two-tranche placement to raise approximately $32 million (before costs) through the issue of approximately 220.7 million fully paid ordinary shares at $0.145 per share. Tranche 1, comprising approximately 110.4 million shares and raising approximately $16 million, was issued on 9 December 2025 under the Company’s existing placement capacity under ASX Listing Rules 7.1 and 7.1A. Tranche 2, comprising approximately 110.3 million shares and raising a further approximately $16 million (including approximately 26.6 million shares issued to Directors or their associates under ASX Listing Rule 10.11), was subject to shareholder approval. Approval was obtained at a general meeting held in January 2026 and Tranche 2 was issued in January 2026, completing the placement. A Share Purchase Plan at the same issue price of $0.145 per share opened on 8 December 2025 and was oversubscribed. The Plan was offered to 3,971 eligible shareholders and valid applications totalling $6.9 million were received from 419 holders, a participation rate of 11%. The Board resolved to accept all eligible applications rather than scale back, and 47,700,097 new shares were issued on 30 December 2025 raising gross proceeds of approximately $6.9 million. Together the placement and the Share Purchase Plan raised gross proceeds of $38.9 million during the year, before costs of $1.7 million. Financial Performance The Group reported a net loss before tax of $18,192,434 for the year (2025: $9,114,693). The current year and prior year net losses primarily reflect the expensing of exploration and evaluation expenditure in line with the Group’s accounting policy. In the current year, the result also includes the Group’s share of loss of associate relating to its investment in Lachlan Star Limited. Total exploration and evaluation expenses increased to $12,816,975 (2025: $6,764,857), reflecting subsidiary and tenement acquisitions. Corporate and administration expenses increased by 17% to $2,599,591 (2025: $2,222,795) primarily due to higher investor relations, conference and accounting and tax fees expenditure. Other key items impacting the result included:  Share-based payment expense of $2,065,370 (2025: ($13,147)) Statement of Cash Flows Cash and cash equivalents at 30 June 2026 was $27,170,653 (2025: $7,119,398). Financial Position At balance date the Group had net assets of $34,860,840 (2025: net assets of $13,754,481), and a working capital surplus of $26,638,785 (2025: $6,058,916). Current liabilities increased by 11% from $1,345,961 in 2025 to $1,499,233 in the 2026 financial year.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 24 Significant Changes in the State of Affairs Other than the progress documented in the Operating and Financial Review, the state of affairs of the Group was not affected by any other significant changes during the year. Dividends No dividends were declared or paid for the previous year and the directors recommend that no dividend be paid for the current year. Events Subsequent to Reporting Date On 8 July 2026, the Company issued 250,000 fully paid ordinary shares following the conversion of 250,000 vested Performance Rights. The following options lapsed in accordance with their respective terms:  September 2026: 1,500,000 unlisted options No other matters or circumstances have occurred subsequent to balance date that have or may significantly affect the operations or state of affairs of the Group in subsequent financial years. other than disclosed in note 28. Likely Developments The Group's focus is on building a high-quality uranium portfolio through successful exploration, development and disciplined growth. The Group will continue to advance exploration across its expanded Nabarlek Uranium Project in the Alligator Rivers Uranium Province and the Murphy West Uranium Project in the Northern Territory, targeting the discovery of high-grade uranium mineralisation. The Group will also continue to evaluate opportunities to expand its uranium portfolio through the acquisition of advanced uranium assets in proven jurisdictions. The Group's non-core assets will continue to be assessed for opportunities to realise value in support of its broader uranium growth strategy. Environmental Legislation The Group’s operations are subject to significant environmental regulation under both Commonwealth and relevant state legislation in relation to the discharge of hazardous waste and materials arising from any exploration and mining activities conducted by the Group on any of its tenements. The Group believes it has complied with all environmental obligations. Indemnification and Insurance of Officers and Auditors Indemnification The Company has agreed to indemnify current and past directors and officers of the Company and its controlled entities against all liabilities to another person (other than the Company or a related body corporate) that may arise from their position as directors of the Company and its controlled entities, except where the liability arises out of conduct involving a lack of good faith. The agreement stipulates that the Company will meet the full amount of any such liabilities, including costs and expenses. The Company has not, during or since the financial period, indemnified or agreed to indemnify the auditor of the Company against a liability incurred as an auditor.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 25 Insurance Premiums Since the end of the previous financial year, the Company has paid insurance premiums in respect of directors’ and officers’ liability and legal expenses insurance contracts for current and former directors, officers, and senior executives of the Company and its controlled entities. The contract of insurance prohibits disclosure of the nature of the liability and the amount of the premium. Proceedings on Behalf of the Company No person has applied for leave of court to bring proceedings on behalf of the Company or intervene in any proceedings to which the Company is a party for the purpose of taking responsibility on behalf of the Company for all or part of those proceedings. Non-Audit Services During the year HLB Mann Judd, the Company’s auditor, has performed no other services in addition to their statutory audit duties. Share Options Unissued Shares under Options Unissued shares of the Company under option at the date of this report are as follows: Expiry Date Exercise Price Number of Options 8 Dec 2028 $0.23 4,250,000 24 Nov 2026 $0.52 5,000,000 23 Jul 2028 $0.13 500,000 24 Sept 2028 $0.19 500,000 14 May 2028 $0.50 750,000 21 Nov 2028 $0.27 1,000,000 21 Nov 2028 $0.32 1,000,000 27 Nov 2028 $0.18 500,000 22 Feb 2029 $0.34 1,000,000 22 Apr 2029 $0.28 250,000 21 Jan 20291 $0.23 6,000,000 30 Nov 20291 $0.18 5,000,000 30 Nov 20301 $0.24 5,000,000 30,750,000 1 Options were granted as remuneration to Mr Bradley, Mr Yates and Ms Finlayson during the year. Details of options granted to key management personnel (‘KMP’) are disclosed in the remuneration report. No option holder has any right under the options to participate in any other share issue of the Company or any other entity.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 26 No shares of the Company were issued during or since the end of the financial year as a result of the exercise of an option over the unissued shares of the Company. At 30 June 2026, 2,000,000 options issued to a non-KMP officer of the Company remained on issue, comprising 750,000 options issued in the prior year and 1,250,000 options issued during the year. No options were granted to the directors or any of the officers of the Company since the end of the financial year. Performance Rights Unissued Shares under Performance Rights Unissued shares of the Company under performance rights at the date of this report are as follows: Grant Date Exercise Price Vesting Date Number of Rights Expiry Date 22 Jan 2026 $Nil 30 Nov 2026 3,300,000 21 Jan 2031 22 Jan 2026 $Nil 30 Nov 2027 3,300,000 21 Jan 2031 22 Jan 2026 $Nil 30 Nov 2028 3,300,000 21 Jan 2031 The performance rights remain unvested and are subject to the applicable service and performance conditions. Until vesting and unless exercised, these performance rights do not entitle the holder to participate in any share issue of the Company or any other entity. Refer to the Remuneration Report for details of Performance Rights issued as part of KMP remuneration. Shares issued on the Exercise of Performance Rights Subsequent to year-end, and up to the date of this report, the Company issued 250,000 fully paid ordinary shares following the exercise of performance rights. These shares were issued at a nil exercise price. Remuneration Report - Audited Introduction The remuneration report for the year ended 30 June 2026 outlines remuneration arrangements in place for directors and other members of the key management personnel (“KMP”) of the Company in accordance with the requirements of the Corporations Act 2001 (the Act) and its regulations. This information has been audited as required by section 308(3C) of the Act. The remuneration report details the remuneration for KMP who are defined as those persons having authority and responsibility for planning, directing and controlling the major activities of the Group, directly or indirectly, including any director (whether executive or otherwise) of the parent company, or any controlled entity. KMPs during or since year end were: Directors  Tim Goyder (Chairman)  Marnie Finlayson (Managing Director) appointed 1 December 2025  T odd Ross (Managing Director) resigned 30 November 2025  Brendan Bradley (T echnical Director)  Matthew Y ates (Non-Executive Director) appointed 1 December 2025

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 27 There have been no changes to KMP after the reporting date and before the date the financial report was authorised for issue. Remuneration Philosophy The performance of the Company depends upon the quality of the directors and executives. The philosophy of the Company in determining remuneration levels is to set competitive remuneration packages to attract and retain high calibre employees and to link a significant component of executive rewards to shareholder value creation. The size, nature and financial strength of the Company are also taken into account when setting remuneration levels so as to ensure that the operations of the Company remain sustainable. Remuneration Committee The Board performs the role of the Remuneration Committee and is responsible for determining and reviewing compensation arrangements for the directors, the Managing Director (or equivalent) and any executives. Remuneration Structure In accordance with best practice corporate governance, the structure of non-executive and executive remuneration is separate and distinct. Non-Executive Director Remuneration The Board recognises the importance of attracting and retaining talented non-executive directors and aims to remunerate these directors in line with fees paid to directors of companies of a similar size and complexity in the mining and exploration industry. The Board seeks to set aggregate remuneration at a level that provides the Company with the ability to attract and retain directors of the highest calibre, whilst incurring a cost that is acceptable to shareholders. The Company’s Constitution and the ASX Listing Rules specify that the aggregate fees to be paid to non-executive directors for their role as a director are to be approved by shareholders at a general meeting. The latest determination was at the 2021 AGM, whereby Shareholders approved an aggregate amount of up to $500,000 per year (including superannuation). The amount of total compensation apportioned amongst directors is reviewed annually and the Board considers external advice as well as the fees paid to non-executive directors of comparable companies when undertaking the annual review process. The remuneration of non-executive directors consists of directors’ fees. Each director receives a fee for being a director of the Company. Additional fees are paid to those non-executive directors who serve on committees. The non- executive directors are not entitled to receive retirement benefits and, at the discretion of the Board, may participate in the Employee Securities Incentive Scheme (“Scheme”), subject to the usual approvals required by shareholders. Non-executive directors are entitled to receive $50,000 per annum, with the Non-executive Chairman receiving $75,000. Members of any established Committee receive a further $5,000 per annum. These entitlements were effective 1 May 2022 and include statutory superannuation entitlements. The Board considers it may be appropriate to issue options to non-executive directors given the current nature and size of the Company as, until profits are generated, conservation of cash reserves remains a high priority. Any options issued to directors will require separate shareholder approval. Apart from their duties as directors, a non-executive director may undertake work for the Company on a consultancy basis pursuant to the terms of any consultancy services agreement. The nature of the consultancy work may vary depending on the expertise of the relevant non-executive director. Under the terms of any consultancy agreements non-executive directors would receive a daily rate or a monthly retainer for the work performed at a rate comparable to market rates that they would otherwise receive for their consultancy services.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 28 Executive Remuneration The Company’s executive remuneration strategy is designed to attract, motivate and retain high performance individuals and align the interests of executives and shareholders. Remuneration consists of fixed remuneration and variable remuneration (comprising short-term and long-term incentive schemes). Fixed Remuneration Fixed remuneration is reviewed as required by the Board by a process which consists of a review of relevant comparative remuneration in the market and, where appropriate, external advice on policies and practices. Variable Remuneration – Long Term Incentive Scheme The Company may issue equity securities (i.e. options or performance rights) under the Scheme to attract, motivate and retain executives of the Company and to provide an opportunity to participate in the growth of the Company. The Scheme was last approved by Shareholders at the 2025 AGM. Under the Scheme, the Company can issue either share options or performance rights. No formal performance hurdles are set on options issued to executives, however the Company believes that as options are issued at a price in excess of the Company’s current share price at the date of issue, there is an inherent performance hurdle as the share price of the Company’s shares has to increase before any reward can accrue. Short Term Incentive Scheme The Company does not currently have a formal short term incentive policy governing the payment of performance related remuneration to executives. However, the Managing Director’s employment arrangements provide for a short term incentive of up to 100% of total fixed remuneration, subject to performance criteria agreed with the Board. The Board may also consider performance-related remuneration for other executives where it considers this appropriate. The Company intends to develop a formal short-term incentive policy during the next financial year. No short-term incentives were paid during the years ended 30 June 2026 and 30 June 2025. Company Performance The table below shows measures of the Group’s financial performance over the last five years as required by the Act. These are not necessarily consistent with the measures used in determining the variable amounts of remuneration to be awarded to KMP and as a consequence, there may not always be a direct correlation between the statutory key performance measures and the variable remuneration awarded. 2026 2025 2024 2023 2022 Loss for the year $18,192,434 $9,114,693 $10,785,714 $12,938,868 $11,908,877 Share Price at 30 June $0.245 $0.070 $0.315 $0.295 $0.220

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 29 Remuneration of Key Management Personnel The table below provides details of the remuneration of key management personnel of the Group. 2026 Short-Term Benefits Post- Employment Benefit Termination Benefits $ Share-Based Payments Total $ Proportion of Remuneration Share-Based % Salary & Fees $ Other Benefits1 $ Super- annuation $ Options2 $ Rights3 $ Directors T Goyder 66,964 9,183 8,036 - - - 84,183 - M Finlayson4 210,167 6,304 18,500 - 472,152 735,258 1,442,381 84% B Bradley 306,000 16,328 30,000 - 238,063 - 590,391 40% M Yates5 26,042 - 3,125 - 236,391 - 265,558 89% Former Directors - T Ross6 135,049 6,223 22,500 75,000 33,016 - 271,788 12% Total 744,222 38,038 82,161 75,000 979,622 735,258 2,654,301 1 Other benefits, where applicable, include the cost to the Comp any of providing fringe benefits and movements in employee provisions. 2 The fair value of the options was determined using a Black-Scho les option-pricing model and allocated to each reporting period from grant date to the relevant vesting date. 3 The fair value of performance rights subject to service-based (non-market) vesting conditions was determined using a Black-Scholes option- pricing model. The fair value of performance rights subject to service conditions and market-based performance conditions was determined using valuation models incorporating Monte Carlo simulations. The fair values are allocated to each reporting period from grant date to the relevant vesting date. 4 Ms Finlayson was appointed as Managing Director on 1 December 2025. 5 Mr Yates was appointed as Non-Exec utive Director on 1 December 2025. 6 Mr Ross resigned as Managing Director on 30 November 2025. Termination benefits comprise amounts paid in connection with the cessation of his employment. 2025 Short-Term Benefits Post- Employment Benefit Share-Based Payments Total $ Proportion of Remuneration Share-Based % Salary & Fees $ Other Benefits1 $ Super- annuation $ Options2 $ Rights3 $ Directors T Goyder 67,265 8,583 7,735 - - 83,583 - T Ross 229,662 5,443 22,500 135,716 671 393,992 35% B Bradley 304,500 10,889 30,000 - 671 346,060 - Former Directors S Apostolou4 69,853 3,310 8,033 6,314 - 87,510 7% B Jones5 12,332 - 1,418 - - 13,750 - R Hacker5 12,332 - 1,418 - - 13,750 - Total 695,944 28,225 71,104 142,030 1,342 938,645 1 Other benefits, where applicable, include the cost to the Comp any of providing fringe benefits and movements in employee provisions. 2 The fair value of the options was determined using a Black-Scho les option-pricing model and allocated to each reporting period starting from grant date to vesting date. 3 The fair value of the performance rights was determined using the Hybrid ESO Model – Single Share Price Target (Consecutive Days) and allocated to each reporting period starting from grant date to vesting date. 4 Ms Apostolou resigned as an Executive Di rector on 30 September 2024. Ms Apostolou continues with the Company in a senior management role, however, is no longer considered a KMP. 5 Messrs Jones and Hacker resigned as Non-Ex ecutive Directors on 30 September 2024.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 30 Movement in Ordinary Shares The table below shows the relevant interest of each of the key management personnel in the share capital of the Company as at 30 June 2026 was: Director Balance 1 July 2025 Granted as Remuneration Received on Exercise Options Other Changes1 Held at Resignation Date Balance 30 June 2026 Directors T Goyder 86,483,827 - - 25,413,794 - 111,897,621 M Finlayson2 - - - 344,828 - 344,828 B Bradley 6,180,324 - - 206,896 - 6,387,220 M Yates 3 - - - 1,306,897 - 1,306,897 Former Directors T Ross4 - - - - - - 1 Other changes refer to shares pu rchased on market, through participation in eligible entitlement offers or placements to professional and sophisticated investors 2 Ms Finlayson was appointed as Managing Director on 1 December 2025. 3 Mr Yates was appointed as Non-Exec utive Director on 1 December 2025. 4 Mr Ross resigned as Managing Director on 30 November 2025. Share-Based Payments Directors, key employees and consultants may be eligible to participate in equity-based compensation schemes via the Scheme. Options Option Movements during the reporting period The table below shows a reconciliation of options held by each KMP during the reporting period: 2026 Opening Balance Granted as Compens- ation Vested During Year Lapsed/ Forfeited4 % Vested During Year Closing Balance Vested and Exercisable Unvested Vested and Exercisable Unvested D i r e c t o r s T Goyder 1,000,000 - - - - - 1,000,000 - M Finlayson1 - - 10,000,000 - - - - 10,000,000 B Bradley 1,500,000 - 3,000,000 1,000,000 - 33% 2,500,000 2,000,000 M Yates 2 - - 3,000,000 1,000,000 - 33% 1,000,000 2,000,000 Former Director T Ross3 1,000,000 2,000,000 - 1,000,000 1,000,000 50% 2,000,000 - 1 Ms Finlayson was appointed as Managing Director on 1 December 2025. 2 Mr Yates was appointed as Non-Exec utive Director on 1 December 2025. 3 Mr Ross resigned as Managing Director on 30 November 2025. 4 The forfeited options were granted in the 2024/2025 financial year.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 31 Options issued as Compensation During the financial year, options over ordinary shares were issued as compensation under the Company’s Employee Securities Incentive Scheme following shareholder approval at the Company’s 2026 General Meeting, as follows: Director Number of Options Granted During the Year Grant Date Fair Value Per Option at Grant Date Value of Options Granted1 Exercise Price Per Option Expiry Date Number of Options Vested M Finlayson 5,000,000 22 Jan 2026 $0.156 $780,000 $0.18 30 Nov 2029 - M Finlayson 5,000,000 22 Jan 2026 $0.158 $790,000 $0.24 30 Nov 2030 - B Bradley 3,000,000 22 Jan 2026 $0.133 $399,000 $0.23 21 Jan 2029 1,000,000 M Yates 3,000,000 22 Jan 2026 $0.133 $399,000 $0.23 21 Jan 2029 1,000,000 1 The value of the options is determined at the time of grant per AASB 2 using a Black-Scholes option-pricing model. Refer to note 9 for model inputs for the options granted during the year. During the financial year, 1,000,000 options held by former Managing Director Todd Ross were forfeited following his resignation. No other options held by KMP were forfeited or lapsed during the reporting period. Under the terms and conditions of the Scheme, options issued allow the holder the right to subscribe to one fully paid ordinary share. Any option not exercised before the expiry date will lapse on the expiry date. Options granted carry no dividend or voting rights. There are no participating rights or entitlements inherent in the options and the holders will not be entitled to participate in new issues of capital offered to shareholders during the currency of the options. All shares allotted upon the exercise of options will rank pari passu in all respects with other shares. Options exercised during the reporting period During the financial year, no fully paid ordinary shares were issued on the exercise of options previously granted as compensation. Performance Rights Performance Rights Movements during the reporting period The table below provides a reconciliation of performance rights held by each KMP during the reporting period: 2026 Opening Balance Granted as Compensation Vested During Year Forfeited/ Lapsed % Vested During Year Closing Balance Directors M Finlayson - 9,900,000 - - - 9,900,000

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 32 Performance Rights issued as Compensation During the financial year, performance rights over ordinary shares were issued to KMP as compensation under the Company’s Employee Securities Incentive Scheme following shareholder approval at the Company’s 2026 General Meeting, as follows: 2026 Type of Right2 Number of Rights Granted During the Year Grant Date Fair Value Per Right at Grant Date Value of Rights Granted1 Expiry Date Number of Rights Vested Directors M Finlayson Service Condition 6,600,000 22 Jan 2026 $0.220 $1,452,000 21 Jan 2031 - M Finlayson RTSR 1,650,000 22 Jan 2026 $0.193 $318,450 21 Jan 2031 - M Finlayson ATSR 1,650,000 22 Jan 2026 $0.135 $222,750 21 Jan 2031 - 1 The fair value of the performance rights was determined at the grant date in accordance with AASB 2. The Service Condition Rights were valued using a Black-Scholes option-pricing model. The relative total shareholder return rights (RTSR Rights) and absolute total shareholder return rights (ATSR Rights) were valued using valuation models incorporating Monte Carlo simulations. Refer to Note 9 of the financial statements for the valuation inputs. 2 The 6,600,000 Service Condition Rights comprise two tranches of 3,300,000 rights, vesting on 30 November 2026 and 30 November 2027, respectively, subject to continued employment. The remaining 3,300,000 performance rights are subject to continued employment and RTSR and ATSR performance conditions measured to 30 November 2028. Employment Contracts Remuneration arrangements for KMP are generally formalised in employment agreements. Details of these contracts are provided below. Name and Job Title Fixed Remuneration1 Short Term Incentive Employment Contract Duration Notice Period Termination Provisions M Finlayson Managing Director (Appointed on 1 December 2025) $392,000 Up to 100% of TFR, subject to performance criteria agreed with the Board 2 No fixed term 6 months by the Company and the employee If terminated by the Company, payment equivalent to 12 months’ Salary, in addition to the applicable notice period. Bonus payment of 12 months’ TFR in the event of a change of control T Ross Former Managing Director (Resigned on 30 November 2025) $336,000 - No fixed term 3 months by the Company and the employee Bonus payment of 12 months’ TFR in the event of a change of control B Bradley Technical Director $336,000 - No fixed term 3 months by the Company and the employee Bonus payment of 12 months’ TFR in the event of a change of control 1 Includes base salary plus superannuation. 2 The STI is payable 50% in cash or performance rights at the discretion of the Board, with the remaining 50% payable in performance rights subject to a 12 month deferral. The first performance period commenced on 1 December 2025 and will be tested at 30 November 2026.

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DIRECTORS’ REPORT ANNUAL REPORT 2026 DevEx Resources Limited 33 Other transactions with key management personnel There were no other transactions with key management personnel during the year. This is the end of the audited remuneration report. Lead Auditor’s Independence Declaration The Lead auditor’s independence declaration is set out on the following page and forms part of the Directors’ Report for financial year ended 30 June 2026. Corporate Governance The directors of the Group support and adhere to the principles of corporate governance, recognising the need for the highest standard of corporate behaviour and accountability. Please refer to the corporate governance statement dated 29 September 2026 released to ASX and posted on the Company website at www.devexresources.com.au/governance. This report is signed in accordance with a resolution of the Board of Directors: Marnie Finlayson Managing Director Dated at Perth on 29 September 2026

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AUDITOR’S INDEPENDENCE DECLARATION ANNUAL REPORT 2026 DevEx Resources Limited 34 Auditor’s Independence Declaration for the year ended 30 June 2026

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 35 Financial Report

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 36 Consolidated Statement of Comprehensive Income for the year ended 30 June 2026 Note 2026 $ 2025 $ Government incentives received - 355,318 Other income 49,268 57,480 Exploration and evaluation expenditure 5(c) (12,816,975) (6,764,857) Business development costs (1,190,923) (846,160) Corporate and administration expenses 5(a) (2,599,591) (2,222,795) Share-based payment expense 9 (2,065,370) 13,147 Rehabilitation and restoration expenses 18 (95,285) 250,124 Net fair value gain on fair value of equity instruments designated as FVTPL 13 - 728,167 Gain on dilution of investment 14 1,470,664 555,233 Share of loss of associate 14 (1,706,787) (1,483,540) Loss from operating activities (18,954,999) (9,357,883) Finance income 5(d) 847,935 524,036 Finance expenses 5(d) (85,370) (280,846) Net finance income 762,565 243,190 Loss before income tax (18,192,434) (9,114,693) Income tax expense 6 - - Loss attributable to owners of the Company (18,192,434) (9,114,693) Other comprehensive income - - Total comprehensive loss for the period attributable to owners of the Company (18,192,434) (9,114,693) Basic and diluted loss per share attributable to ordinary equity holders (cents per share) 7 (3.18) (2.06) The consolidated statement of comprehensive income is to be read in conjunction with the notes to the financial statements.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 37 Consolidated Statement of Financial Position as at 30 June 2026 Note 2026 $ 2025 $ Current assets Cash and cash equivalents 10 27,170,653 7,119,398 Trade and other receivables 11 967,365 285,479 Total current assets 28,138,018 7,404,877 Non-current assets Restricted cash 12 3,029,412 1,841,083 Financial assets 13 2,384,501 2,384,501 Investment in associate 14 3,936,042 3,972,164 Property, plant and equipment 15 419,934 347,700 Right-of-use assets 16 145,298 117,596 Total non-current assets 9,915,187 8,663,044 Total assets 38,053,205 16,067,921 Current liabilities Trade and other payables 17 908,970 552,726 Provisions 18 128,469 385,551 Employee benefits 8 338,115 282,208 Lease liabilities 16 123,679 125,476 Total current liabilities 1,499,233 1,345,961 Non-current liabilities Provisions 18 1,663,784 945,660 Lease liabilities 16 29,348 21,819 Total non-current liabilities 1,693,132 967,479 Total liabilities 3,192,365 2,313,440 Net assets 34,860,840 13,754,481 Equity Issued capital 19 154,796,117 117,562,694 Reserves 20 2,779,285 1,027,438 Accumulated losses (122,714,562) (104,835,651) Total equity 34,860,840 13,754,481 The consolidated statement of financial position is to be read in conjunction with the notes to the financial statements.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 38 Consolidated Statement of Changes in Equity for the year ended 30 June 2026 Issued Capital $ Share-based Payment Reserve $ Accumulated Losses $ Total Equity $ Balance as at 1 July 2024 117,563,721 3,870,167 (98,550,540) 22,883,348 Loss for the period - - (9,114,693) (9,114,693) Other comprehensive income - - - - Total comprehensive loss for the year - - (9,114,693) (9,114,693) Transactions with Owners in their capacity as Owners: Issue of shares (net of costs) (1,027) - - (1,027) Transfers between equity items - (2,829,582) 2,829,582 - Share-based payments - (13,147) - (13,147) Balance at 30 June 2025 117,562,694 1,027,438 (104,835,651) 13,754,481 Loss for the period - - (18,192,434) (18,192,434) Other comprehensive income - - - - Total comprehensive loss for the year - - (18,192,434) (18,192,434) Transactions with Owners in their capacity as Owners: Issues of shares (net of costs) 37,233,423 - - 37,233,423 Transfers between equity items (313,523) 313,523 - Share-based payments - 2,065,370 - 2,065,370 Balance at 30 June 2026 154,796,117 2,779,285 (122,714,562) 34,860,840 The consolidated statement of changes in equity is to be read in conjunction with the notes to the financial statements.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 39 Consolidated Statement of Cash Flows for the year ended 30 June 2026 Note 2026 $ 2025 $ Cash flows from operating activities Payments to suppliers and employees (3,087,646) (3,010,941) Payments for mining exploration, evaluation and rehabilitation (6,296,371) (7,200,167) Interest received 834,187 523,815 Interest paid on lease liabilities (7,314) (11,442) Government grants and incentives - 355,318 Net cash used in operating activities 10 (8,557,144) (9,343,417) Cash flows from investing activities Acquisition of property, plant & equipment (202,836) (49,587) Payments for investments (200,001) (200,000) Loans (from)/to other entities - 128,401 Payments for acquisition of subsidiaries (6,969,448) - Net cash used in investing activities (7,372,285) (121,186) Net cash used in financing activities Net proceeds/(costs) from issue of shares 37,124,449 (1,027) Repayment of lease liabilities 16 (125,436) (115,807) Movement in restricted cash (1,018,329) (72,557) Net cash from/(used in) financing activities 35,980,684 (189,391) Net increase/(decrease) in cash and cash equivalents 20,051,255 (9,653,994) Cash and cash equivalents at 1 July 7,119,398 16,773,392 Cash and cash equivalents at 30 June 10 27,170,653 7,119,398 The consolidated statement of cash flows is to be read in conjunction with the notes to the financial statements.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 40 Notes to the Consolidated Financial Statements for the year ended 30 June 2026 Basis of Preparation Note 1: Corporate information Note 2: Reporting entity Note 3: Basis of preparation Performance for the Year Note 4: Segment reporting Note 5: Revenue and expenses Note 6: Income tax Note 7: Loss per share Employee Benefits Note 8: Employee benefits Note 9: Share-based payments Assets Note 10: Cash and cash equivalents Note 11: Trade and other receivables Note 12: Restricted cash Note 13: Financial assets Note 14: Investment in associate Note 15: Property, plant & equipment Note 16: Right-of-use assets and lease liabilities Equity and Liabilities Note 17: Trade and other payables Note 18: Provisions Note 19: Issued capital Note 20: Reserves Financial Instruments Note 21: Financial instruments Group Composition Note 22: List of subsidiaries Note 23: Parent entity information Other Information Note 24: Contingent liabilities Note 25: Remuneration of auditors Note 26: Commitments Note 27: Related party transactions Note 28: Events occurring after the reporting period

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 41 Basis of Preparation This section of the financial report sets out the Group’s (being DevEx Resources Limited and its controlled entities) material accounting policies that relate to the financial statements as a whole. These policies have been consistently applied to all the years presented, unless otherwise stated in the notes. Where an accounting policy is specific to one Note, the policy is described in the Note to which it relates. The Notes include information which is required to understand the financial statements and is material and relevant to the operations and the financial position and performance of the Group. 1. Corporate Information The consolidated financial report of DevEx Resources Limited for the year ended 30 June 2026 was authorised for issue in accordance with a resolution of Directors on 29 September 2026. DevEx Resources Limited (the ‘Company’ or ‘DevEx’) is a for-profit company limited by shares whose shares are publicly traded on the Australian Securities Exchange. The Company and its subsidiaries were incorporated and domiciled in Australia. The registered office and principal place of business of the Company is Level 3, 1292 Hay Street, West Perth, WA 6005. The nature of the operations and principal activities are disclosed in the Directors’ Report. 2. Reporting Entity The financial statements are for the Group consisting of DevEx Resources Limited and its subsidiaries. A list of the Company’s subsidiaries is provided at note 22. 3. Basis of Preparation These general purpose financial statements have been prepared in accordance with the Corporations Act 2001 and Australian Accounting Standards, which include Australian equivalents to International Financial Reporting Standards (‘AIFRS’). Compliance with AIFRS ensures that the financial report, comprising the financial statements and notes thereto, complies with International Financial Reporting Standards (‘IFRS’). These financial statements have been prepared under the historical cost convention except for certain financial assets and liabilities which are required to be measured at fair value. Certain comparative balances have been reclassified to ensure consistency with changes to current period presentation and classification. New and amended accounting standards adopted by the Group The Group has adopted all the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (AASB) that are relevant to its operations and effective for an accounting period that begins on or after 1 July 2025. The adoption of these Accounting Standards and Interpretations did not have any material impact on the financial performance or position of the Group during the financial year. New and amended Accounting Standards and Interpretations in issue but not yet effective The AASB has issued a number of new or amended accounting standards and interpretations that are not mandatory for the first time in the reporting period commenced 1 July 2025. The Group has assessed these standards and interpretations and determined that there are no standards or amendments to standards that are not yet effective that are expected to have a material impact on the Group’s financial position or financial performance in the current or future reporting period.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 42 Basis of consolidation Subsidiaries are all entities over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. The acquisition method of accounting is used to account for business combinations by the Group. Intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of the subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. The Group’s interests in equity-accounted investees comprise interests in associates. Associates are those entities in which the Group has significant influence, but not control or joint control, over the financial and operating policies. Interests in associates are accounted for using the equity method. They are initially recognised at cost, which includes transaction costs. Subsequent to initial recognition, the consolidated financial statements include the Group’s share of the profit or loss and other comprehensive income of equity-accounted investees, until the date on which significant influence ceases. Key estimates and judgements In the process of applying the Group's accounting policies, management has made a number of judgements and applied estimates of future events. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the following notes:  Note 9: Share-based payments  Note 13: Financial assets  Note 14: Investment in associate  Note 18: Provisions Functional currency translation Functional and presentation currency These consolidated financial statements are presented in Australian dollars, which is the Group’s functional currency. Going concern The Company currently has a working capital surplus of $26,638,785. The directors are of the opinion that the Company is a going concern and have prepared the financial report on a going concern basis.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 43 Performance for the Year This section provides additional information about those individual line items in the Statement of Comprehensive Income that the directors consider most relevant in the context of the operations of the entity. 4. Segment Reporting For management purposes, the Group is organised into one main business and geographic segment, which involves exploration for mineral deposits in Australia. All of the Group’s activities are interrelated, and discrete financial information is reported to the Board (Chief Operating Decision Maker) as a single segment. Accordingly, all significant operating decisions are based upon analysis of the Group as one segment. The financial results from the segment are equivalent to the financial statements of the Group as a whole. 5. Revenue and Expenses 2026 $ 2025 $ (a) Corporate and administration expenses Depreciation and amortisation 216,804 225,200 Insurance 119,736 121,244 Legal fees 23,582 62,224 Office costs 107,342 103,103 Personnel expenses (5(b)) 1,438,969 1,243,260 Regulatory and compliance 253,662 235,269 Other 729,228 549,416 Allocations to exploration expenditure and business development (289,732) (316,921) 2,599,591 2,222,795 (b) Personnel expenses Directors’ fees, wages and salaries 2,544,339 2,852,026 Other associated personnel expenses 257,767 234,867 Superannuation 270,506 293,009 Annual leave and long service leave 55,906 (35,543) Allocations directly attributable to exploration expenditure and business development (1,689,549) (2,101,099) 1,438,969 1,243,260 (c) Exploration and evaluation expenditure by Project Nabarlek 11,344,856 5,364,456 Murphy West 874,924 821,795 Kennedy 273,897 281,749 Jimblebar 323,057 544,722 Sovereign 241 61,671 Highway Nickel - 1,678 Generative Exploration (includes tenement applications, initial rents and any refunds) - (311,214) 12,816,975 6,764,857

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 44 Acquisition of exploration tenements During the year, the Group completed the acquisition from Alligator Energy Limited (ASX: AGE) of a portfolio of uranium exploration tenements in the Northern Territory for consideration of $7.5 million. The acquisition comprised 100% of the issued capital of TCC Project Pty Ltd and Northern Prospector Pty Ltd, which hold the Tin Camp Creek and Nabarlek North exploration tenements respectively, together with the direct acquisition of the Beatrice exploration tenements from Alligator Energy Limited. Including directly attributable acquisition costs of $0.5 million, the total acquisition cost was $8.0 million. The transaction was accounted for as an asset acquisition rather than a business combination under AASB 3 Business Combinations. The amount attributable to the exploration tenements was recognised as exploration expenditure and expensed in accordance with the Group's accounting policy. The Group also completed the acquisition of exploration tenements from Rio Tinto during the year for total consideration of approximately $0.5 million, which was recognised as exploration expenditure and expensed in accordance with the Group's accounting policy. Accounting Policy Costs incurred in the exploration and evaluation stages of sp ecific areas of interest are expensed against profit or loss as incurred. All exploration and evaluation expendit ure, including general permit activity, geological and geophysical costs, project generation and drilling costs, are expensed as incurred. The costs of acquiring interests in new exploration licences is also expensed. Once the tec hnical feasibility and commercial viability of extracting a mineral resource are demonstrable in respect to an area of interest, development expenditure is capitalised to the Statement of Financial Position. (d) Net financing income/(expenses) Interest income 847,935 524,036 Unwinding of the discount on rehabilitation provision (65,227) (262,735) Interest expense – lease liabilities (6,827) (12,010) Bank charges (14,803) (10,684) Less allocations to exploration expenditure 1,487 4,583 Total finance expenses (85,370) (280,846) Net financing income/(expenses) 762,565 243,190 6. Income Tax The Company and its wholly-owned Australian resident subsidiaries are part of a tax-consolidated group. As a consequence, all members of the tax-consolidated group are taxed as a single entity. 2026 $ 2025 $ Deferred tax benefit - - Total income tax benefit reported in the statement of comprehensive income - - Numerical reconciliation between tax benefit and pre-tax net loss: Loss before tax (18,192,434) (9,114,693) Income tax benefit using the domestic corporation tax rate of 30% (2025:25%) (5,457,730) (2,278,673) Decrease in income tax benefit due to: Non-deductible expenses 1,354,489 341,290 Non-assessable income (441,199) - Current and deferred tax expense not recognised 4,544,440 1,937,383 Income tax benefit - -

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 45 Deferred tax assets (except for those relating to tax losses) and liabilities for the Group are attributable to the following: Assets Liabilities Total 2026 $ 2025 $ 2026 $ 2025 $ 2026 $ 2025 $ Capital raising costs 595,979 261,010 - - 595,979 261,010 Financial assets - (1,298,201) (1,140,865) (1,298,201) (1,140,865) ROU asset and liabilities 45,908 36,824 (43,590) (29,399) 2,318 7,425 Rehabilitation provision 532,289 328,451 - - 532,289 328,451 Exploration acquisition assets 2,559,440 74,371 - - 2,559,440 74,371 Other items 260,854 129,222 (187,128) (49,386) 73,726 79,836 3,994,470 829,879 (1,528,919) (1,219,650) 2,465,551 (389,771) Tax losses used to offset net deferred tax liability (2,465,551) 389,771 Net deferred tax assets - - Deferred tax assets in respect of tax losses have not been recognised as follows: 2026 $ 2025 $ Unrecognised tax losses – Revenue 71,099,069 63,871,196 Unrecognised tax losses – Capital 311,211 311,211 Unrecognised tax losses – Total 71,410,280 64,182,407 Unrecognised deferred tax asset on unused tax losses 21,423,084 16,045,602 Tax Consolidation DevEx and its 100% owned Australian resi dent subsidiaries have formed an income tax consolidated group under the tax consolidation regime. Current and deferred tax amounts are accounted for in each individual entity as if each entity continued to act as a taxpayer on its own. DevEx recognises its own current and deferred tax amounts and those current tax liabiliti es, current tax assets and deferred tax assets arising from unused tax credits and unus ed tax losses which it has assumed from its controlled entities within the tax consolidated Group. Assets or liabilities arising under tax funding agreements with the tax consolidated entities are recognised as amounts payable or receivable from or payable to other entities in the Group. Any difference between the amounts receivable or payable under the tax funding agreem ent are recognised as a contribution to (or distribution from) controlled entities in the tax consolidated Group. 7. Loss Per Share The calculation of basic and diluted loss per share at 30 June 2026 was based on the loss attributable to ordinary shareholders of $18,192,434 (2025: $9,114,693). The weighted average number of ordinary shares outstanding during the financial year comprised the following: 2026 $ 2025 $ Ordinary shares on issue at beginning of year 441,690,671 441,190,671 Effect of share issues 131,117,264 402,740 Weighted average number of ordinary shares on issue at the end of the year 572,807,935 441,593,411 Basic and diluted loss per share (cents) 1 (3.18) (2.06) 1 Due to the fact that the Group made a loss, potential ordinary shares from the exercise of options and performance rights have been excluded due to their anti-dilutive effect.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 46 Employee Benefits This section of the Notes includes information that must be disclosed to comply with accounting standards and other pronouncements relating to the remuneration of employees and consultants of the Group, but that is not immediately related to individual line items in the Financial Statements. 8. Employee Benefits Annual leave 220,270 175,138 Long service leave 117,845 107,070 338,115 282,208 9. Share-Based Payments Share-based payments recognised during the period 2026 $ 2025 $ Options ESIP Share options granted – equity settled 1,335,840 190,540 Reversal of expense previously recognised where options have lapsed or were exercised during the period (4,974) (331,729) 1,330,866 (141,189) Non-ESIP Share options granted – equity settled 33,015 135,715 Reversal of expense previously recognised where options have lapsed, forfeited or were exercised during the period (33,769) - 1,330,112 (5,474) Performance Rights ESIP Performance rights granted – equity settled 735,258 39,410 Reversal of expense previously recognised where performance rights have lapsed or were exercised during the period - (47,083) 735,258 (7,673) 2,065,370 (13,147) Employee Securities Incentive Scheme The Company provides benefits to employees (including directors) in the form of share-based payment transactions, whereby employees render services in exchange for shares or rights over shares (‘equity- settled transactions’). The Company currently provides benefits under an Employee Securities Incentive Scheme (Scheme). The Scheme was most recently approved by shareholders on 27 November 2025. Under the terms of the Scheme, the Board may offer equity securities (i.e. options, performance or service rights) at no consideration to full-time or part-time employees (including persons engaged under a consultancy agreement) and executive and non-executive directors. Options issued under Employee Securities Incentive Scheme There were 24,500,000 options issued during the year.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 47 Each option entitles the holder, on exercise, to one ordinary fully paid share in the Company. There is no issue price for the options. The exercise price for the options is such price as determined by the Board. An option may only be exercised after that option has vested and any other conditions imposed by the Board on exercise are satisfied. The Board may determine the vesting period, if any. There are no voting or dividend rights attached to the options. There are no voting rights attached to the unissued ordinary shares. Voting rights will be attached to the unissued ordinary shares when the options have been exercised. There were 30,250,000 unlisted Employee Securities Incentive Scheme options on issue at the end of the year: Grant Date Number Under Option Exercise Price Expiry Date Future Vesting Date 24 Nov 2023 5,000,000 $0.52 24 Nov 2026 - 14 May 2024 750,000 $0.50 14 May 2028 - 24 Jul 2025 250,000 $0.13 23 Jul 2028 23 Jul 2026 24 Jul 2025 250,000 $0.13 23 Jul 2028 23 Jul 2027 25 Sep 2025 250,000 $0.19 28 Sep 2028 24 Sep 2026 25 Sep 2025 250,000 $0.19 28 Sep 2028 24 Sep 2027 28 Nov 2025 250,000 $0.18 27 Nov 2028 28 Nov 2026 28 Nov 2025 250,000 $0.18 27 Nov 2028 28 Nov 2027 9 Dec 2025 1,416,668 $0.23 8 Dec 2028 - 9 Dec 2025 1,416,667 $0.23 8 Dec 2028 9 Dec 2026 9 Dec 2025 1,416,665 $0.23 8 Dec 2028 9 Dec 2027 22 Jan 2026 2,000,000 $0.23 21 Jan 2029 - 22 Jan 2026 2,000,000 $0.23 21 Jan 2029 21 Jan 2027 22 Jan 2026 2,000,000 $0.23 21 Jan 2029 21 Jan 2028 22 Jan 2026 2,500,000 $0.18 30 Nov 2029 30 Nov 2026 22 Jan 2026 2,500,000 $0.18 30 Nov 2029 30 Nov 2027 22 Jan 2026 2,500,000 $0.24 30 Nov 2030 30 Nov 2028 22 Jan 2026 2,500,000 $0.24 30 Nov 2030 30 Nov 2029 23 Feb 2026 750,000 $0.32 22 Feb 2029 23 Feb 2027 23 Feb 2026 750,000 $0.32 22 Feb 2029 23 Feb 2028 23 Feb 2026 500,000 $0.34 22 Feb 2029 23 Feb 2027 23 Feb 2026 500,000 $0.34 22 Feb 2029 23 Feb 2028 23 Apr 2026 125,000 $0.28 22 Apr 2029 23 Apr 2027 23 Apr 2026 125,000 $0.28 22 Apr 2029 23 Apr 2028 The number and weighted average exercise prices of share options outstanding at 30 June 2026 is as follows: Weighted Average Exercise Price 2026 $ Number of Options 2026 $ Weighted Average Exercise Price 2025 $ Number of Options 2025 $ Outstanding at beginning of the year 0.500 8,100,000 0.506 18,600,000 Granted during the year 0.228 24,500,000 0.120 500,000 Lapsed/forfeited during the year 0.453 (2,350,000) 0.493 (11,000,000) Outstanding at the end of the year 0.283 30,250,000 0.500 8,100,000 Exercisable at the end of the year 0.410 9,166,668 0.500 7,600,000 The weighted average contractual life remaining as at 30 June 2026 is 2.59 years (2025: 1.57 years).

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 48 Non-market performance conditions are not taken into account in the grant date fair value measurement of the services received. The fair value of the options is estimated at the grant date using a Black-Scholes option-pricing model. Refer to the table below for inputs to the Black-Scholes option-pricing model for options granted during the year: 2026 2025 Share price at grant date (weighted average) $0.208 $0.094 Exercise price (weighted average) $0.228 $0.120 Expected volatility (expressed as weighted average used in the modelling under Black-Scholes option pricing model) 93% 82% Expected life (expressed as weighted average used in the modelling under Black- Scholes option pricing model) 3.6 years 3 years Expected dividends Nil Nil Risk-free interest rate (weighted average) 4.23% 3.80% Fair value per option (weighted average) $0.132 $0.046 Number 24,500,000 500,000 Performance rights issued under Employee Securities Incentive Scheme There were 9,900,000 performance rights issued during the year. All performance rights currently on issue were issued under the Scheme. Each performance right represents a right to be issued an ordinary share at a future point in time, subject to the satisfaction of any vesting conditions. Unless determined otherwise by the Board, performance rights are subject to lapsing if the conditions are not met by the relevant measurement date or expiry date (if no other measurement date is specified) or if employment is terminated. No exercise price is payable and eligibility to receive performance rights under the Scheme is at the Board’s discretion. The performance rights cannot be transferred and are not quoted on the Australian Securities Exchange (ASX). There are no voting rights attached to performance rights. A summary of the performance rights on issue is as follows: 2026 Grant Date Opening Balance Granted as Compens- ation Vested Exercised/ Lapsed/ Forfeited Closing Balance Share Price at Grant Date $ Vested and Exercisable Unvested 3 Mar 2023 250,000 - - - 250,000 - 0.27 22 Jan 20261 - 9,900,000 - - - 9,900,000 0.22 Total 250,000 9,900,000 - - 250,000 9,900,000 1 The 9,900,000 performance rights grante d to Ms Marnie Finlayson comprise:  3,300,000 Service Condition Rights vesting on 30 November 2026;  3,300,000 Service Condition Rights vesting on 30 November 2027;  1,650,000 relative total shareholder return rights (RTSR Rights); and  1,650,000 absolute total shareholder return rights (ATSR Rights). The Service Condition Rights are subject to continued employme nt. The RTSR Rights and ATSR Rights are subject to continued employment and market-based performance conditions measured over the period from 30 November 2025 to 30 November 2028. All rights expire on 21 January 2031

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 49 2025 Grant Date Opening Balance Granted as Compens- ation Vested Exercised/ Lapsed/ Forfeited Closing Balance Share Price at Grant Date $ Vested and Exercisable Unvested 3 Mar 2023 1,000,000 - 500,000 750,000 250,000 - 0.27 22 Nov 20241 - 822,622 - 822,622 - - 0.145 Total 1,000,000 822,622 500,000 1,572,622 250,000 - 1 The rights will vest subject to the 20-day volume-weighted av erage price of the Company’s shares exceeding $0.450 at 30 June 2025, and continued employment of the holders until 30 June 2026. The expiry date is the earlier of 30 June 2025 if the above vesting condition is not satisfied, otherwise 30 June 2027. These rights lapsed during the year as the vesting conditions were not met. The fair value of the performance rights was determined at the grant date in accordance with AASB 2. The Service Condition Rights were valued using a Black-Scholes option-pricing model. The relative total shareholder return rights (RTSR Rights) and absolute total shareholder return right (ATSR Rights) were valued using valuation models incorporating Monte Carlo simulations. Tranche 1 Service Condition Rights1 Tranche 2 Service Condition Rights2 RTSR Rights3 ATSR Rights4 Share price at grant date $0.22 $0.22 $0.22 $0.22 Exercise price Nil Nil Nil Nil Expected volatility 85% 85% 85% 85% Performance Period (years) 0.85 1.85 2.86 2.86 Expected life (years) 5 5 5 5 Expected dividends Nil Nil Nil Nil Risk-free interest rate 4.142% 4.142% 4.212% 4.212% Fair value per performance right $0.220 $0.220 $0.193 $0.135 Number 3,300,000 3,300,000 1,650,000 1,650,000 1 The Tranche 1 Service Condition Rights vest on 30 November 2026, providing the holder is still employed by the Company. 2 The Tranche 2 Service Condition Rights vest on 30 November 2027, providing the holder is still employed by the Company. 3 The RTSR Rights are subject to a market-based vesting condition measured by comparing the Company’s total shareholder return ranking with that of the nominated peer group over the performance period from 30 November 2025 to 30 November 2028. The Company’s and each peer-group constituent’s total shareholder return is calculated using the 20-day volume-weighted average share price at the beginning and end of the performance period. The rights are also subject to the holder remaining employed by the Company until 30 November 2028. 4 The ATSR Rights are subject to a market-based vesting condition measured against predetermined absolute total shareholder return hurdles over the performance period from 30 November 2025 to 30 November 2028. Total shareholder return is calculated using the Company’s 20-day volume-weighted average share price at the beginning and end of the performance period. The rights are also subject to the holder remaining employed by the Company until 30 November 2028. Other Share Based Payments During the year the Company did not issue any unlisted share options outside the Scheme (2025: 3,000,000). Each option entitles the holder, on exercise, to one ordinary fully paid share in the Company. There is no issue price for the options. The exercise price for the options is determined by the Board. An option may only be exercised after that option has vested and any other conditions imposed by the Board on exercise are satisfied. The Board may determine the vesting period, if any. There are no voting or dividend rights attached to the options. There are no voting rights attached to the unissued ordinary shares. Voting rights will be attached to the unissued ordinary shares when the options have been exercised.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 50 There were 2,000,000 other Share Based Payment unlisted options on issue at the end of the year: Grant Date Number Under Option Issue Price of Shares Expiry Date Future Vesting Date 22 Nov 2024 1,000,000 $0.27 21 Nov 2028 - 22 Nov 2024 1,000,000 $0.32 21 Nov 2028 - The number and weighted average exercise prices of share options outstanding at 30 June 2026 is as follows: Weighted Average Exercise Price 2026 $ Number of Options 2026 $ Weighted Average Exercise Price 2025 $ Number of Options 2025 $ Outstanding at beginning of the year 0.317 3,000,000 - - Granted during the period - - 0.317 3,000,000 Lapsed during the year 0.360 (1,000,000) - - Outstanding at the end of the year 0.295 2,000,000 0.317 3,000,000 Exercisable at the end of the year 0.295 2,000,000 0.270 1,000,000 The weighted average contractual life remaining as at 30 June 2026 is 2.4 years (2025: 3.4 years). Non-market performance conditions are not taken into account in the grant date fair value measurement of the services received. The fair value of the options is estimated at the grant date using a Black-Scholes option-pricing model. Refer to the table below for inputs to the Black-Scholes option-pricing model for options granted during the year: 2026 2025 Share price at grant date (weighted average) - $0.145 Exercise price (weighted average) - $0.317 Expected volatility (expressed as weighted average used in the modelling under Black-Scholes option pricing model) - 81% Expected life (expressed as weighted average used in the modelling under Black- Scholes option pricing model) - 4 years Expected dividends - Nil Risk-free interest rate (weighted average) - 3.82% Fair value per option (weighted average) - $0.065 Number - 3,000,000

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 51 Accounting Policy The cost of equity-settled transactions with employees, KMP and those providing services are measured by reference to the fair value at the date at which they are granted. In valuing equity-settled transactions, account is taken of any performance conditions, conditions linked to the price of the shares of the Company (market conditions) and non-market conditions. The cost of equity-settled transactions is recognised, together with a corresponding increase in Share-based Payments Reserve in equity, over the period in which the performance and/or service conditions are fulfilled (the vesting period). The cumulative expense recognised for equity-settled transactions at each reporting date until vesting date reflects:  the extent to which the vesting period has expired; and  the number of awards that, in the opin ion of the directors, will ultimately vest. No adjustment is made for the likelihood of market performance conditions being met as the effect of these conditions is included in the determination of fair value at grant date. No expense is recognised for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition. Where the terms of an equity -settled award are modified, as a minimum an expense is recognised as if the terms had not been modified. In addition, an expense is recognis ed for any increase in the va lue of the transaction as a result of the modification, as measured at the date of modification. Where an equity-settled award is cancelled, it is treated as if it had vested on the date of cancellation, and any expense not yet recognised for the award is recognised immediately. However, if a new award is substituted for the cancelled award, and designated as a replacement award on the date that it is granted, the cancelled and new award are treated as if they were a modification of the original award, as described in the previous paragraph. The dilutive effect, if any, of outstanding options and rights is reflected as additional share dilution in the computation of earnings per share. The value of share options at grant da te is calculated using a Black-Schole s option-pricing model. The value of performance rights at grant date is the fair value of pe rformance rights calculated using a Monte Carlo simulation model (market-based conditions) and the Black-Scholes option-pricing model (non-market-based conditions). Significant accounting judgements and key estimates The Group measures the cost of equity-settled share-based payments of options at fair value at grant date using a Black-Scholes option-pricing model and performance righ ts are measured using a Monte Carlo simulation model for market-based conditions and the Bl ack-Scholes option-pricing model for non-market-based conditions, taking into account the terms and conditions upon which the in struments were granted and th e assumptions outlined in this Note. The expected life of the share-based payments is based on historical data and is not necessarily indicative of exercise patterns that may occur. Expected vo latility was determined having regard to the historical volatility of the Company's share price over a period consistent with the expected life of the relevant instruments. The accounting estimates and assumptions relating to equity-settled share-based payments would have no impact on the carrying amounts of assets and liabilities within the next annual report ing period but may impact profit or loss and equity.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 52 Assets This section provides additional information about those individual line items in the Statement of Financial Position that the directors consider most relevant in the context of the operations of the entity. 10. Cash and Cash Equivalents 2026 $ 2025 $ Cash at bank 12,930,607 1,610,248 Term deposits 14,236,896 5,500,000 Field cash advance 3,150 9,150 27,170,653 7,119,398 The reconciliation to loss after income tax for the year to net cash flows from operations is below: Loss after tax for the period (18,192,434) (9,114,693) Depreciation and amortisation 216,804 225,200 Unwinding of interest on fair value of rehabilitation provision 65,227 262,735 Share-based payments 2,065,370 (13,147) Write down in carrying value of fixed assets 14,197 3,627 Fair value gain on financial assets - (728,167) Share of loss of associate 1,706,787 1,483,540 Gain on dilution on investment in associate (1,470,664) (555,233) GST FAT Review Adjustment 108,974 - Payments for acquisition of subsidiaries 6,969,448 - Changes in operating assets and liabilities: (Increase)/decrease in trade and other receivables (684,059) 355,616 Increase/(decrease) in trade and other payables 191,484 (911,668) Increase/(decrease) in provisions 451,722 (351,227) Net operating cash outflows (8,557,144) (9,343,417) 11. Trade and Other Receivables 2026 $ 2025 $ Other trade receivables 99,800 71,533 GST receivable 291,369 50,610 Prepayments 229,320 163,336 Inventory - Fuel 346,876 - 967,365 285,479

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 53 12. Restricted Cash Bank guarantee – Nabarlek Mineral Lease rehabilitation 1,167,519 1,158,362 Bank guarantee – West Arnhem rehabilitation 324,787 64,851 Bank guarantees – other rehabilitation obligations and tenements 977,694 100,000 Term deposits - business credit cards 75,000 225,000 Cash security deposits – rehabilitation obligations and tenements1 484,312 290,770 Rental security bond 100 2,100 3,029,412 1,841,083 1 Cash security deposits comprise amounts held directly by the relevant government authorities in respect of rehabilitation obligations and tenements. 13. Financial Assets Equity investments at fair value through profit or loss Equity investment - EntX Limited 2,384,501 2,384,501 2,384,501 2,384,501 The equity investment is classified as a Level 2 fair value measurement under the fair value hierarchy. Quoted prices are not available, however, fair value is based on observable inputs. The most recent observable input was a capital raising conducted by entX Limited in June 2025 at $0.30 per share. At balance date, the Group’s entire holding is valued at $0.30 per share, based on the last capital raising price. The Company has 7,948,336 (2025: 7,948,336) fully paid ordinary shares in entX Limited at a value of $0.30 (2025: $0.30) per share. No fair value gain was recognised in the statement of profit or loss during the current year (2025: gain of $728,167). Accounting Policy Financial assets are measured at fair value on initial recognition. Subsequent meas urement of financial assets depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines wh ether cash flows will result from collecting contractual cash flows, selling the financial asset or both. For the purposes of subsequent measurement, the Group’s financial assets are measured at fair value through profit or loss. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognised in the statement of profit or loss. This category includes the equity investment which the Gr oup had not irrevocably elected to classify at fair value through OCI. Any dividends on equity investments are also recognised as other income in the statement of profit or loss when the right of payment has been established. The fair value measurement level under the fair value measurement hierarchy is level 2, observable inputs.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 54 14. Investment in Associate Associate Principal Activity Ownership Interest Carrying Value 2026 % 2025 % 2026 $ 2025 $ Lachlan Star Limited Mineral Exploration 21.44 29.96 3,936,042 3,972,164 During the year, Lachlan Star Limited (LSA) completed capital raisings totalling approximately $10.7 million and issued additional shares in connection with an acquisition and the exercise of options. The Company subscribed for 4.0 million shares in the first capital raising but did not participate in the subsequent issues. Consequently, the Company’s ownership interest in LSA decreased from 29.96% to 21.44%, resulting in the recognition of a $1,470,664 gain on dilution. The LSA Board continues to include one member of the Company’s KMP. 2026 No. 2025 No. Shares held in Lachlan Star Limited 79,672,720 75,672,720 2026 $ 2025 $ Movements in investment in associate Balance at beginning of the year 3,972,164 4,900,471 Participation in Share Placement 200,001 - Gain on dilution 1,470,664 555,233 Share of loss of associate recognised (1,706,787) (1,483,540) Balance at end of year 3,936,042 3,972,164 Reconciliation of investment in associate Share of associate’s net assets 1,307,201 406,149 Goodwill 2,628,841 3,566,015 Balance at end of year 3,936,042 3,972,164 Summary of financial information of associate Financial Position Total current assets 6,774,073 1,944,334 Total non-current assets1 438,267 378,347 Total current liabilities (1,043,972) (854,874) Total non-current liabilities (71,348) (112,168) Net assets 6,097,020 1,355,639 Financial Performance Total revenue 124,369 80,325 Total expenses (6,834,681) (4,773,000) Total loss for the year1 (6,710,312) (4,692,675) Share of associate’s loss (1,706,787) (1,483,540) 1 Adjusted for difference in exploration and evaluation expenditure accounting policies. The associate capitalises exploration and evaluation expenditure, whereas the Group expenses exploration and evaluation expenditure.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 55 The fair value of the Group’s investment in LSA as at 30 June 2026 based on the share price on ASX of $0.11 was $8,763,999. The associate had no contingent liabilities or assets as at 30 June 2026 and exploration commitments payable within 1 year of $895,527 and $1,087,605 within 2 to 5 years. Accounting Policy Equity Accounted Investments The Group’s interests in equity accounted investees comprise interests in associates an d joint ventures. Associates are those entities in which the Group has significant influence, but not cont rol, over the financial and operating policies of the entity. A joint venture is an arrangement in which the Group has joint control and the Group has rights to the net assets of the arrangement, rather than rights to its assets and obligations for its liabilities. Investments in associates and joint ventures are accounted for using the equity method. Under the equity method, investments in associates and join t ventures are initially reco gnised in the Consolidated Statement of Financial Position at cost and adjusted therea fter to recognise the Group’s share of the profit or loss and other comprehensive income of the associates and joint ventures. If there are objective indicators that the investment may be impaired, an impairment loss is measured by comparing the recoverable amount of the investment with its carrying amount. An impairment loss is recognised in profit or loss and is reversed if there has been a favourable change in estimates used to determine the recoverable amount. Unrealised gains on transactions between the Group and an associate or a joint venture are eliminated to the extent of the Group’s interest in the associate or joint venture. Unrealised losses are also eliminated, but only to the extent that there is no evidence of an impairment. 15. Property, Plant & Equipment 2026 $ 2025 $ Cost 867,534 714,916 Accumulated depreciation (447,600) (367,216) 419,934 347,700 Movements in property, plant & equipment: Carrying amount at the beginning of the year 347,700 436,061 Additions 199,157 38,497 Disposal (14,197) (3,627) Depreciation charge for the year (112,726) (123,231) Carrying amount at the end of the year 419,934 347,700

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 56 Accounting Policy Property, plant and equipment is stated at cost less ac cumulated depreciation and any accumulated impairment losses, if any. The assets' residual values, useful lives and amortisation methods are reviewed, and adjusted if appropriate, at each financial year end. Depreciation is charged to the statement of comprehensive income on a diminishing value basis over the estimated useful lives of each part of an item of property, plant and equipment. The depreciation rates used in the current and comparative periods are as follows:  Office furniture 2%-20%  Motor Vehicles 25%  IT equipment and software 30%-50%  Leasehold improvements 5%  Plant & equipment 10%-67% An item of plant and equipment and any significant part initially recognised is derecognised upon disposal or when no further future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss when the asset is derecognised. The carrying values of property, plant and equipment are reviewed for impairment at each balance date in line with the Group’s impairment policy. 16. Right-of-Use Assets and Lease Liabilities 2026 $ 2025 $ Amounts recognised in statement of financial position Right-of-use assets Right-of-use assets – office leases 586,652 586,652 Additions 131,781 - Accumulated depreciation (573,135) (469,056) 145,298 117,596 Lease liabilities Current 123,679 125,476 Non-current 29,348 21,819 153,027 147,295 Amounts recognised in statement of comprehensive income Depreciation charge of right-of-use assets 104,078 101,969 Interest expense 6,827 12,010 110,905 113,979 During the year, the Group extended the lease term for its West Perth office premises by a further 12 months. The lease liability was remeasured at the date of the extension, with a corresponding adjustment to the right-of-use asset. The total cash outflow for leases in 2026 was $125,436 (2025: $115,807).

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 57 Equity and Liabilities This section provides additional information about those individual line items in the Statement of Financial Position that the directors consider most relevant in the context of the operations of the entity. 17. Trade and Other Payables 2026 $ 2025 $ Trade and other payables 908,970 552,726 908,970 552,726 18. Provisions Current Rehabilitation 128,469 385,551 128,469 385,551 Non-current Make Good 17,956 17,406 Rehabilitation 1,645,828 928,254 1,663,784 945,660 The movement in the rehabilitation provision is shown below: Opening balance 1,313,805 1,366,875 Acquired Provisions 360,511 - Rehabilitation and restoration expenses: Initial recognition of provision 353,867 - Adjustment to estimated provisions (258,582) (250,124) Total Rehabilitation and restoration expenses 95,285 (250,124) Expenditure for the year (60,531) (65,681) Unwinding of the discount on rehabilitation provisions 65,227 262,735 Closing balance 1,774,297 1,313,805 Rehabilitation provisions The Group has recognised rehabilitation provisions in respect of the Nabarlek, West Arnhem, Tin Camp Creek and Nabarlek North Projects, representing Management's best estimate of the present value of future expenditure required to rehabilitate the affected areas. During the year, the Group recognised, for the first time, a provision for the existing rehabilitation obligations associated with the West Arnhem Project. As part of the acquisition of the Northern Territory uranium tenement package from Alligator Energy Limited, the Group also assumed rehabilitation obligations associated with the Tin Camp Creek and Nabarlek North Projects. The rehabilitation obligations for the various Projects are supported by bank guarantees. At 30 June 2026, cash security deposits previously lodged by Alligator Energy Limited with the Northern Territory Government remained in place in respect of the acquired projects, with the Group entitled to the benefit of those security deposits (refer to note 12).

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 58 Accounting Policy Rehabilitation The Group records the present value of the estimated cost of legal and constructive obligations to restore operating site locations in the period in which the obligation arises. The nature of restoration activities includes the removal of facilities and restoration of affected areas. When the rehabilitation provision is initially recorded, the estimated cost is expensed against the profit or loss. At each reporting date the rehabilitation provision is re-measured to reflect any changes in discount rates and timing and amounts of the costs to be incurr ed. Such changes in the estimated liab ility are accounted for prospectively from the date of the change and are added to, or deducted from, the profit or loss. The unwinding of the discount is recorded as an accretion charge within finance costs. Estimates and assumptions of the appropriate discount rate at which to discount the liability, the timing of cash flows, the application of relevant environmental legislation and th e future expected costs of rehabilitation are all used in determining the carrying value of the rehabilitation provision. 19. Issued Capital Movements in ordinary shares on issue: 2026 2025 No. $ No. $ On issue at the beginning of the year 441,690,671 117,562,694 441,190,671 117,563,721 Tranche 1 Placement @ $0.145 (completed Dec 2025) 110,422,667 16,011,287 - - Share Purchase Plan @ $ 0.145 (completed Dec 2025) 47,700,097 6,916,514 - - Tranche 2 Placement @ $0.145 (completed Jan 2026) 110,266,988 15,988,713 - - Exercise of performance rights 500,000 - Share issue costs - (1,683,091) - (1,027) On issue at the end of the year 710,080,423 154,796,117 441,690,671 117,562,694 Terms and conditions of Ordinary Shares Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at shareholders’ meetings. In the event of winding up of the Company, the ordinary shareholders rank after all other shareholders and creditors and are fully entitled to any proceeds on liquidation.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 59 20. Reserves Nature and purpose of reserves: Share-based payment reserve This reserve is used to record the value of equity-settled benefits provided to employees and directors as part of their remuneration. Refer to note 9 for further details. 2026 $ 2025 $ Opening balance 1,027,438 3,870,167 Share-based payments (refer note 9) 1 2,065,370 (13,147) Transfer between equity items (313,523) (2,829,582) Closing balance 2,779,285 1,027,438 1 The negative share-based payment expense in 2025 reflects the reversal of previously recognised expenses due to forfeiture of equity instruments that did not vest. Movements in: No. No. Unlisted Options On issue at the beginning of the year 11,100,000 18,600,000 Exercised - - Lapsed/forfeited (3,350,000) (11,000,000) Issued 24,500,000 3,500,000 On issue at the end of the year 32,250,000 11,100,000 Performance Rights On issue at the beginning of the year 250,000 1,000,000 Exercised - (500,000) Lapsed/forfeited - (1,072,622) Issued 9,900,000 822,622 On issue at the end of the year 10,150,000 250,000 Total 42,400,000 11,350,000 Financial Instruments This section of the Notes discusses the Group’s exposure to various risks and shows how these could affect the Group’s financial position and performance. 21. Financial Instruments Capital risk management The capital structure of the Group consists of equity attributable to equity holders, comprising issued capital, reserves and retained earnings as disclosed in notes 19 and 20. The Board reviews the capital structure on a regular basis and considers the cost of capital and the risks associated with each class of capital. The Group will balance its overall capital structure through new share issues as well as the issue of debt, if the need arises. Market risk Market risk is the risk that changes in market prices such as foreign exchange rates, equity prices and interest rates will affect the Group’s income or value of its holdings of financial instruments.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 60 Foreign exchange rate risk The Group currently has no significant exposure to foreign exchange rates. Equity prices The Group has exposure to equity prices through its holding of entX Limited shares. Equity investments are recorded at their fair value being either the quoted price or last known traded price in the Statement of Financial Position (see note 13). There is a risk that changes in prices affect the fair value of investments held by the consolidated entity. A plus or minus 10% change in equity prices from the year end valuation would impact equity by plus or minus $238,450 (2025: $238,450). Interest rate risk Interest rate risk is the risk that changes in bank deposit rates affect the consolidated entity’s income and future cash flow from interest income. The exposure to interest rate risk and the effective weighted average interest rate for classes of financial assets and financial liabilities is set out below: 2026 Fixed Interest Maturing in: Floating Interest $ Non- Interest Bearing $ Total $ Weighted Average Interest Rate % Less than 1 Year $ 1-5 Years $ More than 5 Years $ Financial assets Cash at bank - - - 12,822,775 110,982 12,933,757 3.37 Term deposits 14,236,896 - - - - 14,236,896 4.65 Trade and other receivables - - - - 99,800 99,800 - Restricted cash 2,375,000 - - - 654,412 3,029,412 4.54 Financial liabilities Trade and other payables - - - - 908,970 908,970 - Lease liabilities 132,794 30,709 - - - 163,503 10.47 2025 Fixed Interest Maturing in: Floating Interest $ Non- Interest Bearing $ Total $ Weighted Average Interest Rate % Less than 1 Year $ 1-5 Years $ More than 5 Years $ Financial assets Cash at bank - - - 1,372,796 246,602 1,619,398 5.23 Term deposits 5,500,000 - - - - 5,500,000 4.47 Trade and other receivables - - - - 71,533 71,533 - Restricted cash 1,588,213 - - - 252,870 1,841,083 3.56 Financial liabilities Trade and other payables - - - - 552,726 552,726 - Lease liabilities 129,312 21,611 - - - 150,923 5.61 A change of 100 basis points in interest rates (other than where a decrease would result in negative interest rates) on bank balances over the reporting period would have changed the Group’s loss by $128,227 (2025: $95,258).

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 61 Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The Group’s exposure to credit risk is not significant and currently arises principally from sundry receivables and a secured loan which represent an insignificant proportion of the Group’s activities and cash and cash equivalents. The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognised financial assets is the carrying amount, net of any provision for doubtful debts, as disclosed in the notes to the financial statements. Liquidity risk Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. The Board actively monitors the Group’s ability to pay its debts as and when they fall due by regularly reviewing the current and forecast cash position based on the expected future activities. The Group's non-derivative financial liabilities comprise trade and other payables and lease liabilities, which have different repayment profiles. Trade and other payables of $908,970 (2025: $552,726) is due within 60 days. Lease liabilities of $163,503 are repayable over the term of the applicable leases, with $132,794 due within one year and $30,709 due between one and five years, as set out in the table above. Net fair values of financial assets and liabilities AASB 7 Financial Instruments: Disclosures requires disclosure of fair value measurements by level of the following fair value measurement hierarchy:  quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1);  inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices) (level 2), and  inputs for the asset or liability that are not based on observable market data (unobservable inputs) (level 3). All financial assets and liabilities approximate their net fair values and are disclosed as level 1 fair values, other than the investment in entX Limited which is disclosed as a Level 2 fair value (see note 13). Accounting Policy Financial assets are measured at amortised cost if the assets meet the following conditions (and are not designated as fair value through profit or loss (FVTPL)):  they are held within a business model whose objectiv e is to hold the financial assets to collect its contractual cash flows; and  the contractual terms of the financial assets give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding. Investments in equity instruments that are not held for trading are eligible for an irrevocable election at inception to be measured at fair value through other comprehensive income. Financial assets that are held within a different business model other than ‘hold to collect’ or ‘hold to collect and sell’ are categorised at FVTPL. Further, irrespective of busine ss model financial assets whose contractual cash flows are not solely payments of principal and interest are accounted for at FVTPL. The directors have assessed that the fair value of cash and short-term deposits, trade receivables, trade payables and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 62 Group Composition This section of the Notes includes information that must be disclosed to comply with accounting standards and other pronouncements relating to the structure of the Group, but that is not immediately related to individual line items in the Financial Statements. 22. List of Subsidiaries Country of Incorporation Ownership Interest 2026 % 2025 % Parent entity DevEx Resources Limited Australia Subsidiaries G E Resources Pty Ltd Australia 100% 100% Queensland Mines Pty Ltd Australia 100% 100% Copper Green Pty Ltd Australia 100% 100% Arnhem Minerals Pty Ltd Australia 100% 100% Green Critical Resources Pty Ltd Australia 100% 100% TCC Project Pty Ltd (Incorporated on 24 August 2010) Australia 100% 0% Northern Prospector Pty Ltd (Incorporated on 7 November 2006) Australia 100% 0% 23. Parent Entity Information The financial information for the parent entity, DevEx Resources Limited, has been prepared on the same basis as the consolidated financial statements, except as set out below. Investments in subsidiaries, associates and joint venture entities Investments in subsidiaries, associates and joint venture entities are accounted for at cost in the parent entity’s financial statements. Contingencies The parent entity has no contingent assets or liabilities. Commitments The parent entity has no contractual commitments for the acquisition of property, plant or equipment. 2026 $ 2025 $ Statement of comprehensive income Loss for the year (17,247,599) (8,237,709) Total comprehensive loss (17,247,599) (8,237,709) Statement of financial position Assets Current assets 28,684,482 7,405,571 Non-current assets 11,131,104 9,962,219 Total assets 39,815,586 17,367,790

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 63 2026 $ 2025 $ Liabilities Current liabilities 1,168,315 779,793 Non-current liabilities 47,305 39,224 Total liabilities 1,215,620 819,017 Net assets 38,599,966 16,548,773 Equity Share capital 154,796,117 117,562,694 Reserves 2,779,285 1,027,438 Accumulated losses (118,975,436) (102,041,359) Total equity 38,599,966 16,548,773 The accounting policies of the parent entity are consistent with those of the Group, except for the following:  Investments in subsidiaries and associates are accounted for at cost in the parent entity financial statements.  In the consolidated financial statements, the Group applies equity accounting to its investment in Lachlan Star Limited, recognising its share of net profit or loss and other comprehensive income.  Accordingly, the parent entity’s results and net assets differ from the consolidated Group’s disclosures to the extent of this accounting policy difference. Other Information This section of the Notes includes other information that must be disclosed to comply with accounting standards and other pronouncements, but that is not immediately related to individual line items in the Financial Statements. 24. Contingent Liabilities There are no contingent assets or liabilities. 25. Remuneration of Auditors 2026 $ 2025 $ Audit and review services 66,389 63,726 66,389 63,726 26. Commitments In order to maintain current rights of tenure to exploration tenements, the Group is required to perform exploration work to meet the minimum expenditure requirements. These obligations are subject to renegotiation when an application for a mining lease is made and at other times. The Group may in certain situations apply for exemptions under relevant mining legislation. To the extent that expenditure commitments are not met, tenement areas may be reduced and/or other arrangements made in negotiation with the relevant state and territory government departments. Where the Group decides to relinquish a tenement, the commitment will be reduced accordingly. The Group is also required to perform activities and undertake certain levels of expenditure as part of the various earn-in agreements it has entered into.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 64 The amounts referred above are not provided for in the financial report and are payable: Within 1 year 4,854,017 2,077,057 1-5 years 4,406,028 3,120,854 More than 5 years - 8,167 9,260,045 5,206,078 27. Related Party Transactions Key management personnel The following were key management personnel of the Group at any time during the reporting period and unless otherwise indicated were key management personnel for the entire period: T R B Goyder (Chairman) M H Finlayson (Managing Director) appointed 1 December 2025 T J Ross (Managing Director) resigned 30 November 2025 B J Bradley (Technical Director) M G Yates (Non-Executive Director) appointed 1 December 2025 The key management personnel compensation is as follows: 2026 $ 2025 $ Short-term employee benefits 782,260 724,169 Post-employment benefits 82,161 71,104 Termination Payments 75,000 - Share-based payments 1,714,880 143,372 2,654,301 938,645 Loans made to key management personnel and related parties No loans were made to key management personnel and their related parties. Other transactions with key management personnel There were no other transactions with key management personnel during the year. 28. Events Occurring after the Reporting Period On 8 July 2026, the Company issued 250,000 fully paid ordinary shares following the conversion of 250,000 vested Performance Rights. The following options lapsed in accordance with their respective terms:  September 2026: 1,500,000 unlisted options No other matters or circumstances have occurred subsequent to balance date that have or may significantly affect the operations or state of affairs of the Group in subsequent financial years.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 65 Consolidated Entity Disclosure Statement as at 30 June 2026 This Consolidated Entity Disclosure Statement has been prepared in accordance with the Corporations Act 2001 and includes required information for each entity that was part of the consolidated entity as at the end of the financial year. Section 295(3A) of the Corporations Act 2001 defines tax residency as having the meaning in the Income Tax Assessment Act 1997. The determination of tax residency involves judgement as there are currently several different interpretations that could be adopted, and which could give rise to different conclusions on residency. Entity Name Entity Type Body Corporates Tax Residency Place Formed or Incorporated % of Share Capital Held Australian or foreign Foreign Jurisdiction Parent entity DevEx Resources Limited Body Corp orate Australia N/A Australian N/A Subsidiaries G E Resources Pty Ltd Body Corpor ate Australia 100% Australian N/A Queensland Mines Pty Ltd Body Corpor ate Australia 100% Australian N/A Copper Green Pty Ltd Body Corporate Australia 100% Australian N/A Arnhem Minerals Pty Ltd Body Corpor ate Australia 100% Australian N/A Green Critical Resources Pty Ltd Body Corporate Australia 100% Australian N/A TCC Project Pty Ltd Body Corporate Australia 100% Australian N/A Northern Prospector Pty Ltd Body Corporate Australia 100% Australian N/A Entities listed above are part of the consolidated entity as at 30 June 2026.

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FINANCIAL REPORT ANNUAL REPORT 2026 DevEx Resources Limited 66 Directors’ Declaration for the year ended 30 June 2026 1. In the opinion of the directors of DevEx Resources Limited (‘the Company’): a. th e financial statements, notes and additional disclosures of the Group are in accordance with the Corporations Act 2001 including: i. giving a true and fair view of the financial position of the Group as at 30 June 2026 and of its perform ance for the year then ended; and ii. compl ying with Australian Accounting Standards (including the Australian Accounting Interpret ations) and the Corporations Regulations 2001; b. there are re asonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable; c. the financial statements and notes thereto are in accordance with International Financial Repor ting Standards issued by the International Accounting Standards Board; and d. the consolidated entity disclosure statement is true and correct. 2. This declaration has been made after receiving the declarations required to be made to the directors in accor dance with section 295A of the Corporations Act 2001 for the financial year ended 30 June 2026. T his declaration is signed in accordance with a resolution of the Directors: Marnie Finlayson Managing Director Dated at Perth on 29 September 2026

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INDEPENDENT AUDITOR’S REPORT ANNUAL REPORT 2026 DevEx Resources Limited 67 Independent Auditor’s Report for the year ended 30 June 2026

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INDEPENDENT AUDITOR’S REPORT ANNUAL REPORT 2026 DevEx Resources Limited 68

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INDEPENDENT AUDITOR’S REPORT ANNUAL REPORT 2026 DevEx Resources Limited 69

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INDEPENDENT AUDITOR’S REPORT ANNUAL REPORT 2026 DevEx Resources Limited 70

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TENEMENT SCHEDULE ANNUAL REPORT 2026 DevEx Resources Limited 71 Tenement Schedule as at 30 June 2026 State Project Tenement Status Current Equity NT Nabarlek MLN962 Granted 100% West Arnhem EL10176 Granted 100% EL24371 Granted 100% EL23700 Granted 100% ELA24878 Application 100% ELA31519 Application 100% ELA31520 Application 100% ELA31521 Application 100% ELA31522 Application 100% ELA31523 Application 100% ELA31557 Application 100% ELA25384 Granted 100% ELA25385 Application 100% ELA25386 Application 100% ELA25389 Application 100% ELA27513 Application 100% ELA27514 Application 100% ELA27515 Application 100% ELA32475 Application 100% ELA29947 Application 100% ELA29945 Application 100% EL28316 Granted 100% ELA33656 Application 100% EL29897 Granted 100% ELA34019 Application 100% EL34062 Application 100% ELA30073 Application 100% ELA27467 Application 100% ELA27700 Application 100% ELA31121 Application 100% ELA31346 Application 100% ELA27588 Application 100% ELA31072 Application 100% ELA30997 Application 100% ELA30998 Application 100% ELA30999 Application 100% EL24921 Granted 100% EL24922 Granted 100% EL25002 Granted 100% EL24291 Granted 100%

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TENEMENT SCHEDULE ANNUAL REPORT 2026 DevEx Resources Limited 72 State Project Tenement Status Current Equity EL26796 Granted 100% ELA26793 Application 100% ELA26794 Application 100% ELA26795 Application 100% EL27252 Granted 100% EL27253 Granted 100% EL28389 Granted 100% EL28390 Granted 100% EL29991 Granted 100% EL29992 Granted 100% EL29993 Granted 100% EL31480 Granted 100% ELA27777 Application 100% ELA27778 Application 100% ELA28176 Application 100% ELA28293 Application 100% ELA28315 Application 100% ELA28863 Application 100% ELA28864 Application 100% ELA28865 Application 100% ELA28950 Application 100% ELA32075 Application 100% ELA32389 Application 100% ELA32390 Application 100% ELA32391 Application 100% East Arnhem ELA33751 Application 100% ELA33752 Application 100% Murphy West EL32452 Granted 0% - subject to earn in for uranium mineral rights. EL32453 Granted EL32454 Granted EL32455 Granted EL32456 Granted EL32473 Granted EL32474 Granted ELA33737 Application 100% EL32881 Granted 0% - subject to earn in for all mineral rights. ELA31751 Application ELA31752 Application ELA31260 Application ELA31261 Application WA Jimblebar E52/3605 Granted 0% - subject to earn in for all mineral rights E52/3672 Granted E52/3983 Granted E52/4051 Granted E52/4518 Application 100%

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TENEMENT SCHEDULE ANNUAL REPORT 2026 DevEx Resources Limited 73 State Project Tenement Status Current Equity QLD Kennedy EPM28009 Granted 100% EPM28012 Granted 100% EPM28727 Granted 100% EPM28728 Granted 100% EPM28729 Granted 100% EPM28767 Granted 100% EPM29371 Application 100% EPM29372 Application 100% EPM29373 Application 100% EPM29374 Application 100% EPM29375 Application 100% EPM29376 Application 100%

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ASX ADDITIONAL INFORMATION ANNUAL REPORT 2026 DevEx Resources Limited 74 ASX Additional Information as at 22 September 2026 Additional information required by the ASX Limited Listing Rules and not disclosed elsewhere in this report is set out below. Shareholdings Substantial shareholders The names of the substantial shareholders as disclosed in substantial shareholding notices given to the Company are: Shareholder Number of Ordinary Shares Held Percentage of Capital Held % Number of Unlisted Options Held Percentage of Unlisted Options Held % Timothy R B Goyder 111,897,621 15.75 1,000,000 3.25 Paradice Investment Management Pty Ltd 32,484,083 7.36 - - Graham Kluck & Associates 40,937,793 5.76 - - Issued Capital Share capital comprised 710,330,423 fully paid ordinary shares of the Company and the Company had 4,201 holders of fully paid ordinary shares. Unquoted Securities Unlisted Security Total in Class Number of Holders Options (expiring 24 Nov 2026) 5,000,000 5 Options (expiring 14 May 2028) 750,000 1 Options (expiring 23 Jul 2028) 500,000 1 Options (expiring 24 Sep 2028) 500,000 1 Options (expiring 21 Nov 2028) 2,000,000 2 Options (expiring 27 Nov 2028) 500,000 1 Options (expiring 8 Dec 2028) 4,250,000 3 Options (expiring 21 Jan 2029) 6,000,000 2 Options (expiring 22 Feb 2029) 1,000,000 1 Options (expiring 22 Apr 2029) 250,000 1 Options (expiring 30 Nov 2029) 5,000,000 1 Options (expiring 30 Nov 2030) 5,000,000 1 Performance Rights (expiring 21 Jan 2031) 9,900,000 1 All unlisted options and performance rights, other than the 2,000,000 unlisted options expiring on 21 November 2028 held by former Managing Director, Mr Todd Ross, were issued under the Employee Securities Incentive Scheme. Voting Rights Holders of fully paid ordinary shares are entitled to one vote per fully paid ordinary share. There are no voting rights attached to options or performance rights.

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ASX ADDITIONAL INFORMATION ANNUAL REPORT 2026 DevEx Resources Limited 75 Distribution of Equity Security Holders Category Number of equity security holders Ordinary Shares Unlisted Share Options Performance Rights No. Holders % Held No. Holders % Held No. Holders % Held 1 – 1,000 300 0.01 - - - - 1,001 – 5,000 1,075 0.45 - - - - 5,001 – 10,000 607 0.67 - - - - 10,001 – 100,000 1,625 8.89 - - - - 100,001 and over 594 89.98 14 100 1 100 Total 4,201 100.00 14 100 1 100 Restricted Securities There are no restricted securities or securities subject to voluntary escrow on issue. On-market buy-back There are no current on-market buy-back of securities. Unmarketable parcel The number of shareholders holding less than a marketable parcel is 784 (based on a share price of $0.195). Twenty Largest Ordinary Fully Paid Shareholders Name Number of Ordinary Shares Held Percentage of Capital Held % Tim Goyder & Associates 111,897,621 15.75 HSBC Custody Nominees (Australia) Limited 100,975,373 14.22 Graham Kluck & Associates 40,937,793 5.76 Citicorp Nominees Pty Limited 33,081,268 4.66 HSBC Custody Nominees (Australia) Limited – A/C 2 20,347,954 2.86 J P Morgan Nominees Australia Pty Limited 18,062,218 2.54 BNP Paribas Noms Pty Ltd <IB Au Noms RetailClient> 12,973,246 1.83 Albion Bay Pty Ltd <Design Co-Ordinating S/F A/C> 12,363,873 1.74 UBS Nominees Pty Ltd 11,630,000 1.64 Botsis Holdings Pty Ltd 11,285,278 1.59 Mr Brendan Bradley 6,387,220 0.90 BNP Paribas Noms Pty Ltd 6,309,071 0.89 Colibri Nominees Pty Ltd <I Bristow Family A/C> 5,463,681 0.77 Gremar Holdings Pty Ltd 5,210,000 0.73 Certane CT Pty Ltd <Argonaut Natural Res Fund> 4,906,897 0.69 BNP Paribas Nominees Pty Ltd <Clearstream> 4,429,321 0.62 Ms Kym Verheyen 4,053,529 0.57 Goldjazz Pty Ltd 3,517,880 0.50 Precision Opportunities Fund Ltd <Investment A/C> 3,500,000 0.49 Jamplat Pty Ltd 3,448,276 0.49 Top 20 420,780,499 59.24 Others 289,549,924 40.76 Total 710,330,423 100.00

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COMPETENT PERSON STATEMENT ANNUAL REPORT 2026 DevEx Resources Limited 76 Competent Person Statement Nabarlek Project The information in this report which relates to previous Drill Results for the Nabarlek Project are extracted from the ASX announcements titled: “DevEx ramps-up exploration at Nabarlek Uranium Project, NT after identifying new high-grade targets” released on 29 September 2021, “Multiple large-scale, uranium targets identified at Nabarlek Project, NT” released on 1 April 2025, “New high-priority uranium drill target identified north of the Nabarlek Mine, NT” released on 1 December 2025, “Strategic Uranium Pipeline – Priority Targets Advancing” released on 29 April 2026 and “Exploration Update – Advancing DevEx’s Target Rich Pipeline” released on 27 August 2026. Murphy West Project The information in this report that relates to the previous Exploration Results for the Murphy West Project are extracted from the ASX announcements titled: “Kilometre-scale anomalies identified at the Murphy West Uranium Project” released on 7 October 2025 and “Additional kilometre-scale soil anomalies identified at the Murphy West Uranium Project, NT” released on 18 March 2026”. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements for the Nabarlek and Murphy West Projects and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. All ASX Announcements referred to above are available on www.devexresources.com.au Forward-Looking Statement This report contains forward-looking statements which involve a number of risks and uncertainties. These forward-looking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this report. No obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments

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MINERAL RESOURCE STATEMENT ANNUAL REPORT 2026 DevEx Resources Limited 77 Mineral Resource Statement On 4 July 2024, the Company reported its maiden Inferred Mineral Resource estimate for the Kennedy Project in Queensland. No new Mineral Resource estimates have been reported during the year, and the Company confirms that there have been no changes to the previously reported Mineral Resource estimate. Table 2: Kennedy Project Inferred Mineral Resource Estimate Cut- off TREO -CeO2 (ppm ) Tonne s (Mt) La2O3 (ppm ) CeO2 (ppm ) Pr6O11 (ppm ) Nd2O 3 (ppm ) Sm2O 3 (ppm ) Eu2O3 (ppm ) Gd2O 3 (ppm ) Tb4O 7 (ppm ) Dy2O 3 (ppm ) Ho2O 3 (ppm ) Er2O3 (ppm ) Tm2O 3 (ppm ) Yb2O 3 (ppm ) Lu2O3 (ppm ) Y2O3 (ppm ) TREO (ppm ) 325 150 93 530 32 120 27 4.1 22 3.7 22 4.2 12 1.8 12 1.7 110 1,000 475 88 110 650 39 150 33 5.0 27 4.4 25 4.9 14 2.1 14 2.0 130 1,200 Table notes: TREO = La2O3 + CeO2 + Pr6O11 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3 Rounding errors are apparent. Governance Arrangements and Internal Controls The Company reports its Mineral Resources in accordance with the JORC Code (2012 of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) and the ASX Listing Rules. The Company reviews these estimates and underlying assumptions for reasonableness and accuracy. Where material changes occur during the year to the project, including the project’s size, title, exploration results or other technical information, previous reserve and resource estimates and market disclosures are reviewed for completeness. The Company reviews its Mineral Resources as at 30 June each year. Where a material change has occurred in the assumptions or data used in previously reported Mineral Resources and Ore Reserves, then, where possible, a revised Mineral Resource estimate will be prepared as part of the annual review process. However, there are circumstances where this may not be possible (e.g. an ongoing drilling programme), in which case a revised Mineral Resources estimate will be prepared and reported as soon as practicable. Competent Person Statement The Mineral Resource estimate for the Kennedy Project remains unchanged from that first reported in the Company’s ASX Announcement dated 4 July 2024. The Company 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 continue to apply and have not materially changed. The information in this Annual Report that relates to Mineral Resources is based on information compiled by Mr Jonathon Abbott, a Competent Person who is a Member of the Australian Institute of Geoscientists and a director of Matrix Resource Consultants Pty Ltd. Mr Abbott has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Abbott consents to the inclusion in this Annual Report of the matters based on his information in the form and context in which it appears.

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MINERAL RESOURCE STATEMENT ANNUAL REPORT 2026 DevEx Resources Limited 78 Level 3, 1292 Hay Street West Perth WA 6005 Australia +61 8 6186 9490 info@devexresources.com.au www.devexresources.com.au

Annual report