FENIX RESOURCES LTD ANNUAL

Corporate Governance

CORPORATE GOVERNANCE STATEMENT This Corporate Governance Statement (Statement) is current as at 26 August 2026 and has been approved by the Board of Directors of Fenix Resources Ltd (Board). This Corporate Governance Statement discloses the extent to which the Company followed the recommendations set by the ASX Corporate Governance Council in its publication Corporate Governance Principles and Recommendations – 4th Edition (Recommendations) throughout the 2026 financial year and to the date of this Corporate Governance Statement. The Recommendations are not prescriptive, however the Recommendations that have not been followed have been identified and reasons provided for not following them along with what alternative governance practices (if any) the Company adopted in lieu of the specific Recommendation. With the exception of the departures detailed in this Statement, the corporate governance practices of the Company during the reporting period were compliant with the Recommendations. The Company has adopted a Corporate Governance Plan which provides the written terms of reference for the Company’s corporate governance duties. In addition to the information contained in this Statement, the Company’s website at https://fenix.com.au/about/corporate-governance/ contains additional details of its corporate governance practices and procedures. 1 ylno esu lanosrep roF RECOMMENDATIONS (4TH EDITION) COMPLY EXPLANATION Principle 1: Lay solid foundations for management and oversight Recommendation 1.1 YES The Company has adopted a Board Charter that sets out the specific (a) A listed entity should have and disclose a board charter roles and responsibilities of the Board, the Chair and management and which sets out the respective roles and responsibilities includes a description of those matters expressly reserved to the Board of the Board, the Chair and management, and includes and those delegated to management. a description of those matters expressly reserved to the A copy of the Company’s Board Charter is available on the Company’s Board and those delegated to management. website. Recommendation 1.2 YES (a) Pursuant to the Company’s Board Charter, the principal A listed entity should: functions of the Board include ensuring appropriate checks are undertaken prior to the appointment of Directors and senior (a) undertake appropriate checks before appointing a execut