SATURN METALS LIMITED ANNUAL

Directors' Report

DIRECTORS’ REPORT The Directors present their report together with the consolidated financial statements of the Group comprising of Saturn Metals Limited (“Saturn” the “Group” or the “Company”) and its subsidiary for the financial year ended 30 June 2026 and the auditor’s report thereon. Directors and Company Secretary The following persons were directors of Saturn during the whole of the financial year and up to the date of this report. Independent Directors: Brett Lambert – Non-Executive Chairman Andrew Venn – Non-Executive Director Non-Independent Director: Ian Bamborough – Managing Director Adrian Goldstone – Non-Executive Director During the period, the Board undertook an assessment of director independence. As a result, Mr Goldstone was reclassified as a non-independent director. The Company Secretary is Mrs Natasha Santi. Mrs Santi was appointed Company Secretary on 3 May 2021. Mrs Santi previously has experience providing company secretarial and accounting services to a range of ASX listed and unlisted companies, including serving as Company Secretary at Capricorn Metals Ltd from July 2012. In addition, from April 2017, Mrs Santi was a full-time employee at Capricorn Metals Ltd until her resignation as Company Secretary, in February 2020. Appointments and Resignations: The following directors were appointed and / or resigned during the period ended 30 June 2026. Robert Tyson – Non-Executive Director (resigned 28 November 2025). Catherine Moises – Non-Executive Director (appointed 9 October 2025, resigned 28 November 2025). Warren Hallam – Non-Executive Director (appointed 14 April 2026). Principal Activities The principal activity of the Group is the exploration for economic deposits of precious metals with the objective of progressing discoveries through to profitable mining operations. For the period of this report, the emphasis has been gold focused exploration and mine development studies on the Company’s principal project located near Leonora, in Western Australia. Dividends Paid or Recommended No dividends were paid or proposed to be paid during the financial year (2025: Nil). Operating Results The loss for the Group for the financial year after providing for income tax amounted to $7,285,905 (2025: $5,123,937). Loss per share $0.01 (2025: $0.02). SATURN METALS LIMITED – ANNUAL REPORT 2026 18 ylno esu lanosrep roF DIRECTORS’ REPORT (Cont.) Fina