CORAZON MINING LIMITED ANNUAL

Directors' Report

DIRECTORS’ REPORT The Directors present their report, together with the financial statements, on the Consolidated Entity (referred to hereafter as the ‘Consolidated Entity’) consisting of Corazon Mining Limited (referred to hereafter as the ‘Company’ or ‘Parent Entity’) and the entities it controlled as at the end of the financial year ended 30 June 2026. Directors The names of Directors in office at any time during or since the end of the financial year are: Director Position Period in office Appointed 11 August Rob Curtis Non-Executive Chair 2026 Appointed 17 July 2025; Simon Coyle Managing Director Managing Director from 1 August 2025 Appointed 31 March Scott Williamson Non-Executive Director 2025 Warrick Clent Non-Executive Director Appointed 5 May 2026 1 September 2023 to 11 Kristie Young Non-Executive Chair August 2026 1 September 2023 to 17 Andrew Strickland Non-Executive Director July 2025 Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. Company Secretary Mr Robert Orr, CA holds the position of Company Secretary. Mr Orr is a Chartered Accountant who has acted as Chief Financial Officer and Company Secretary for a number of ASX listed companies. He has over 30 years’ experience in public practice and commerce, during which he has worked extensively in the resource industry and has experience in capital markets, project development, contract negotiation and mining operations. Mr Orr retired as Chief Financial Officer on 5 May 2026 after sixteen years in that role and continues as Company Secretary. Chief Financial Officer Mr Paul Hughes was appointed Chief Financial Officer on 5 May 2026. Mr Hughes is a Chartered Accountant with 16 years’ experience, 12 of which have been in the construction and resources sectors. He was previously Principal, Corporate Planning and Investment Analysis at Pilbara Minerals Limited (ASX: PLS) and has held Chief Financial Officer roles with a number of ASX listed entities. Mr Hughes provides chief financial officer services to the Company on a consultancy basis. Operating Results The consolidated loss of the Consolidated Entity after providing for income tax and eliminating inter-company interests amounted to $7,978,809 (2025: $1,019,391). The result includes a non-cash impairment of $5,854,424 against the carrying value of the Lynn Lake Project and non