BOAB METALS LIMITED DISCLOSURECurrent Reports (8-K / ad hoc)

Quarterly Activities/Appendix 5B Cash Flow Report

30 July 2026 Quarterly Activities and Cashflow Report for the quarter ended 30 June 2026 Boab Metals Limited (ASX: BML) (“Boab” or the “Company”) is pleased to present its Activities and Cashflow Report for the quarter ended 30 June 2026. During the quarter, the Company continued to make substantial progress across all aspects of the Sorby Hills development, advancing engineering, commercial and construction activities in line with the Project execution schedule. Highlights: • EPC contract executed with GR Engineering for the disassembly, refurbishment and relocation of the existing DeGrussa Processing Plant to Sorby Hills, where it will be re-constructed and commissioned to suit Boab Metals’ requirements. The contract sum is $109 million. • Acquisition of the DeGrussa Processing Plant from Sandfire completed following satisfaction of all conditions precedent to the transaction. • Six-year Diesel Supply Agreement with CGL Fuel Pty Ltd, a subsidiary of Cambridge Gulf Limited to provide a secure, reliable and long-term fuel supply solution for Sorby Hills during construction, commissioning and operations. • Site Access and Early Works completed on budget and construction of the Bulk Earthworks including the Evaporation Pond and Tailings Storage Facility is tracking ahead of schedule. • First concentrate production remains scheduled for H2 2027. • Syndicated Facility Agreement (“SFA”) for A$236 million equivalent in debt facilities to fund the development of Sorby Hills finalised and executed. • Commencement of the Phase IX Drilling program to target further Resource to Reserve conversion, near mine exploration at Sorby Hills and greenfield exploration at Manbarrum. • The Company had a cash balance of A$60.2 million as of 30 June 2026. Boab Metals Managing Director & CEO, Simon Noon, said: “Execution of the Processing Plant EPC contract with GRES and the subsequent dismantling of the DeGrussa Processing Plant are exciting milestones that signal the acceleration of Project construction activities. So far, major works have been completed on budget and on time and the Company continues to opportunistically bring forward elements of the schedule to de-risk completion. Similarly, securing a long-term diesel supply contract with Cambridge Gulf has provided further confidence in the resilience of the Project