Announcement PDF INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 This consolidated interim financial report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the annual report for the year ended 30 June 2025 and any public announcements made by Castle Minerals Limited during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001. CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 2 CONTENTS Page Directors’ Report 3 Auditor’s Independence Declaration 6 Consolidated Statement of Profit or Loss and Other Comprehensive Income 7 Consolidated Statement of Financial Position 8 Consolidated Statement of Changes in Equity 9 Consolidated Statement of Cash Flows 11 Notes to the Consolidated Interim Financial Statements 12 Directors’ Declaration 22 Independent Auditor’s Review Report 23 CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 3 DIRECTORS’ REPORT Your directors submit their report on the consolidated entity (referred to hereafter as the Group) consisting of Castle Minerals Limited (Castle or the Company) and the entities it controlled at the end of, or during, the half-year ended 31 December 2025. Directors The names of the directors who held office during or since the end of the half-year are: Andrew Grove – Non-Executive Chairman (appointed 13 November 2025) Steven Zaninovich – Managing Director (appointed 13 October 2025) Mathew Horgan - Non-Executive Director Mohammed Niaré – Non-Executive Director (appointed 13 October 2025) (retired 3 March 2026) Stephen Stone - Executive Chairman (retired 13 October 2025) Brian Thomas – Non-Executive Director (retired 13 October 2025) Review and Results of Operations A summary of consolidated revenues and results for the half-year is set out below: Dec 2025 Dec 2024 Revenue & Other Income Loss after tax Revenue & Other Income Loss after tax Consolidated Revenue and Other Income $4,483 ($1,900,750) $3,247 ($1,400,150) During the half-year, the consolidated entity continued to advance its strategy of building a diversified portfolio of highly prospective gold exploration projects in West Africa, while also progressing value creation opportunities within its Australian assets. West African Gold Projects Castle’s exploration activities during the half-year focused on advancing its portfolio of gold projects in Côte d’Ivoire and Ghana, two of West Africa’s most established and prospective gold jurisdictions. In Côte d’Ivoire, Castle continued to progress early-stage exploration programs designed to identify new gold targets across its highly prospective ground position. Regional soil sampling programs were commenced to better define geochemical anomalies and structural trends within the project areas. These programs represent the first systematic exploration undertaken across several of the Company’s licences and will generate datasets that will guide follow-up exploration programs. In Ghana, the Company continued to evaluate and prioritise its licence holdings within the highly prospective Birimian geological terrane. Exploration activities during the half-year included auger drilling and geochemical sampling programs aimed at refining exploration targets and advancing the most prospective areas toward drill testing. A strategic review of the Company’s Ghanaian tenure resulted in the relinquishment of less prospective licences, enabling management to focus exploration expenditure on priority targets with the greatest potential for discovery. West Africa remains one of the world’s most productive gold provinces, hosting numerous multi-million-ounce deposits and major mining operations. Castle believes its ground position provides strong exposure to new discovery opportunities in this prolific mineral belt. CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 4 West Australian Gold Projects (1) During the half-year, Castle strengthened its exposure to the highly prospective Meekatharra gold district in Western Australia through the consolidation and expansion of its regional gold project portfolio. The Company regained 100% ownership of the Polelle and Wanganui Gold Projects following the expiry of the option agreement previously granted to Great Boulder Resources (ASX: GBR). The Polelle and Wanganui projects cover ~163km² of tenure within the prolific Murchison Province and host numerous historical gold workings and encouraging exploration results. Previous drilling has returned significant intercepts including 3m @ 18.66g/t Au from 62m, 8m @ 4.10g/t Au from 66m and 10m @ 3.34g/t Au from 56m (refer to Castle ASX Announcement of 19 August 2020), highlighting the prospectivity of the project and reinforcing their potential to host structurally controlled gold mineralisation typical of the region . Castle further expanded its footprint in the district through the execution of a Share Purchase Agreement to acquire 100% of Meekasan Pty Ltd, which holds additional highly prospective exploration tenure contiguous with the Company’s existing ground position. The acquisition adds ~68km² of strategically located tenure, increasing Castle’s total landholding in the district to ~231km². The combined tenure position provides Castle with exposure to more than 30km of prospective greenstone strike in a region hosting several significant gold deposits and operating mines, including Westgold Resources’ Paddy’s Flat operation and Great Boulder Resources’ Mulga Bill deposit. The expanded project area, now referred to as the Meeka South Gold Project, significantly enhances the Company’s opportunity to identify new gold discoveries in this well-endowed gold region. Castle intends to undertake systematic exploration across the enlarged land package, including geochemical sampling, geophysical interpretation and target generation programs designed to prioritise high quality drill targets and advance the most prospective areas toward a drilling program. (1) Historical Exploration Results - Competent Person’s Compliance Statement: The Company is not aware of any new information or data that materially affects the information included in the relevant historical market announcements referenced herein. Graphite – Kambale Project Castle continued to evaluate strategic options for its interest in the Kambale Graphite Project in Ghana. The Company is assessing potential value realisation strategies, including farm-out or divestment opportunities, while maintaining exposure to the project’s potential upside. Strategy The Board continues to assess new project opportunities that complement the Company’s existing asset base and provide exposure to high-impact exploration potential. Directors’ Remuneration Directors’ remuneration for the half-year ended 31 December 2025 was structured to conserve Castle’s cash resources while aligning directors’ interests with those of shareholders. Remuneration arrangements remain modest and appropriate for a company of Castle’s size and stage of development. At the beginning of the half-year the Board comprised Mr Stephen Stone (Executive Chairman), Mr Brian Thomas (Non-Executive Director) and Mr Matthew Horgan (Non-Executive Director). On 13 October 2025, Mr Steven Zaninovich was appointed Non-Executive Chairman and Mr Mohamed Niaré was appointed Non- Executive Director. Mr Stephen Stone and Mr Brian Thomas retired from the Board on 14 October 2025, with Mr Stone receiving a termination payment in accordance with his contractual arrangements. Mr Andrew Grove was subsequently appointed Non-Executive Director on 13 November 2025. CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 5 Following these changes, directors serving during the remainder of the half-year were remunerated through the issue of performance rights in lieu of director fees, consistent with shareholder approvals obtained in a General Meeting of shareholders in October 2025. This approach enabled the Company to preserve capital for exploration and project development activities while maintaining alignment between directors and shareholders. Subsequent to the half-year, Mr Steven Zaninovich was appointed Managing Director, effective 1 March 2026, with remuneration comprising a base salary of $275,000 per annum (including statutory superannuation) together with long-term equity incentives, subject to shareholder approval. Subsequent Events On 27 January 2026, the Company announced that it has retained 100% control of the Polelle and Wanganui Gold Projects which cover an area of 163km2 over the prolific Meekatharra goldfields of Western Australia. On 3 March 2026, the Company announced the execution of a binding share purchase agreement to acquire 100% of Meekasan Pty Ltd thus creating a dominant strategic landholding in the prolific Meekatharra gold district of Western Australia. On 3 March 2026, the Company announced the transition of Steve Zaninovich as Managing Director of the Company, the transition of Andrew Grove to Non-Executive Chairman of the Company and the resignation of Mohamed Niaré as Non-Executive Director of the Company. Mr Niaré has been retained to continue his primary role of In-Country Project and Business Development Manager in Côte d'Ivoire. Other than as detailed above, no matter or circumstance has arisen since 31 December 2025, which has significantly affected, or may significantly affect the operations of the Group, the result of those operations, or the state of affairs of the Group in subsequent financial years. Rounding of Amounts The Company is of a kind referred to in ASIC Legislative Instrument 2016/191 relating to the ‘rounding off of amounts in the directors’ report. Amounts in the directors’ report have been rounded off in accordance with the instrument to the nearest dollar. Auditor’s Independence Declaration A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is provided on page 6. This report is made in accordance with a resolution of directors. Andrew Grove Non-Executive Chairman Perth, 16 March 2026 BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation. Level 9, Mia Yellagonga Tower 2 5 Spring Street Perth, WA 6000 PO Box 700 West Perth WA 6872 Australia Tel: +61 8 6382 4600 Fax: +61 8 6382 4601 www.bdo.com.au DECLARATION OF INDEPENDENCE BY NEIL SMITH TO THE DIRECTORS OF CASTLE MINERALS LIMITED As lead auditor for the review of Castle Minerals Limited for the half-year ended 31 December 2025, I declare that, to the best of my knowledge and belief, there have been: 1. No contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the review; and 2. No contraventions of any applicable code of professional conduct in relation to the review. This declaration is in respect of Castle Minerals Limited and the entities it controlled during the period. Neil Smith Director BDO Audit Pty Ltd Perth 16 March 2026 CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 7 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 Half-Year Note Dec 2025 $ Dec 2024 $ REVENUE AND OTHER INCOME Interest income 4,358 3,247 Other income 125 - EXPENDITURE Depreciation expense (84) (5,666) Salaries and employee benefits expense (136,151) (131,462) Exploration expenses (537,174) (837,935) Corporate expenses (152,163) (75,404) Administration expenses (436,109) (286,367) Foreign exchange movements (6,834) - Finance costs - (718) Share-based payments expense 6 (636,718) (65,845) LOSS BEFORE INCOME TAX (1,900,750) (1,400,150) Income tax expense - - LOSS AFTER TAX FOR THE HALF-YEAR ATTRIBUTABLE TO MEMBERS OF CASTLE MINERALS LIMITED (1,900,750) (1,400,150) OTHER COMPREHENSIVE INCOME Items that may be reclassified to profit or loss Exchange differences on translation of foreign operations (11,997) (11,210) Other comprehensive loss for the period, net of tax (11,997) (11,210) TOTAL COMPREHENSIVE LOSS FOR THE PERIOD ATTRIBUTABLE TO MEMBERS OF CASTLE MINERALS LIMITED (1,912,747) (1,411,360) Basic and diluted loss per share (cents) 8 (1.31) (2.31) The above Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the Notes to the Consolidated Financial Statements. CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 8 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025 Note 31 December 30 June 2025 $ 2025 $ CURRENT ASSETS Cash and cash equivalents 3 2,962,547 2,499,615 Trade and other receivables 96,525 97,598 TOTAL CURRENT ASSETS 3,059,072 2,597,213 NON-CURRENT ASSETS Property, plant and equipment 3,143 3,434 Capitalised exploration expenditure 4 829,037 - TOTAL NON-CURRENT ASSETS 832,180 3,434 TOTAL ASSETS 3,891,252 2,600,647 CURRENT LIABILITIES Trade and other payables 267,890 1,178,954 Employee benefit obligations - 50,423 TOTAL CURRENT LIABILITIES 267,890 1,229,377 TOTAL LIABILITIES 267,890 1,229,377 NET ASSETS 3,623,362 1,371,270 EQUITY Contributed equity 5 45,454,766 42,231,599 Reserves 3,874,327 2,944,652 Accumulated losses (45,705,731) (43,804,981) TOTAL EQUITY 3,623,362 1,371,270 The above Consolidated Statement of Financial Position should be read in conjunction with the Notes to the Consolidated Financial Statements. CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 9 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 Note Contributed Equity Share-Based Payments Reserve Foreign Currency Translation Reserve Accumulated Losses Total $ $ $ $ $ BALANCE AT 1 JULY 2024 38,519,821 1,922,105 203,175 (40,134,377) 510,724 Loss for the period - - - (1,400,150) (1,400,150) Other Comprehensive Income Exchange differences on translation of foreign operations - - (11,210) - (11,210) Total Comprehensive Loss - - (11,210) (1,400,150) (1,411,360) Transactions with Owners in Their Capacity as Owners Shares issued during the period 1,539,445 - - - 1,539,445 Share issue transaction costs (246,324) - - - (246,324) Options issued during the period - 201,170 - - 201,170 BALANCE AT 31 DECEMBER 2024 39,812,942 2,123,275 191,965 (41,534,527) 593,655 The above Consolidated Statement of Changes in Equity should be read in conjunction with the Notes to the Consolidated Financial Statements. CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 10 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 Note Contributed Equity Share-Based Payments Reserve Foreign Currency Translation Reserve Accumulated Losses Total $ $ $ $ $ BALANCE AT 1 JULY 2025 42,231,599 2,727,240 217,412 (43,804,981) 1,371,270 Loss for the period - - - (1,900,750) (1,900,750) Other Comprehensive Income Exchange differences on translation of foreign operations - - (11,997) - (11,997) Total Comprehensive Loss - - (11,997) (1,900,750) (1,912,747) Transactions with Owners in Their Capacity as Owners Shares issued during the period – Placement 5 3,030,000 - - - 3,030,000 Shares issued during the period – Acquisition of Mineralis 7 344,167 364,954 - - 709,121 Shares issued during the period – In lieu of services 5 60,000 - - - 60,000 Share issue transaction costs 5 (211,000) - - - (211,000) Options issued during the period 6 - 557,434 - - 557,434 Performance rights issued during the period 6 - 19,284 - - 19,284 BALANCE AT 31 DECEMBER 2025 45,454,766 3,668,912 205,415 (45,705,731) 3,623,362 The above Consolidated Statement of Changes in Equity should be read in conjunction with the Notes to the Consolidated Financial Statements. CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 11 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 Note Half-year Dec 2025 $ Dec 2024 $ CASH FLOWS FROM OPERATING ACTIVITIES Expenditure on mining interests (1,430,443) (636,816) Payments to suppliers and employees (inclusive of GST) (788,353) (503,302) Interest received 4,358 3,247 Net cash (outflow) from operating activities (2,214,438) (1,136,871) CASH FLOWS FROM INVESTING ACTIVITIES Payment to acquire Mineralis 7 (100,000) - Transaction costs associated with acquisition of Mineralis (35,000) - Net cash (outflow) from investing activities (135,000) - CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from the issue of shares 3,030,000 1,395,000 Payments for share issue transaction costs (211,000) (75,000) Net cash inflow from financing activities 2,819,000 1,320,000 Net increase in cash and cash equivalents 469,562 183,129 Cash and cash equivalents at the beginning of the half-year 2,499,615 1,023,219 Effects of exchange rate changes on cash and cash equivalents (6,630) (15,478) CASH AND CASH EQUIVALENTS AT THE END OF THE HALF- YEAR 3 2,962,547 1,190,870 The above Consolidated Statement of Cash Flows should be read in conjunction with the Notes to the Consolidated Financial Statements. CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 12 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTE 1. BASIS OF PREPARATION OF THE HALF-YEAR FINANCIAL REPORT This consolidated interim financial report for the half-year reporting period ended 31 December 2025 has been prepared in accordance with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Act 2001. This consolidated interim financial report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the annual report for the year ended 30 June 2025 and any public announcements made by Castle Minerals Limited during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001. The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period with the exception of the change in accounting policy in respect to exploration and evaluation expenditure as set out below: New and amended standards adopted by the Group A number of amended standards became applicable for the current reporting period. The Group did not have to change its accounting policies or make retrospective adjustments as a result of adopting these amended standards. Impact of standards issued but not yet applied by the Group The Group has also reviewed all new Standards and Interpretations that have been issued but are not yet effective for the half-year ended 31 December 2025. As a result of this review the Directors have determined that there is no impact, material or otherwise, of the new and revised Standards and Interpretations on its business and, therefore, no change necessary to Group accounting policies. Accounting policy Exploration and Evaluation Expenditure The Group elects by Area of Interest (AOI) to adopt one of the following policies: i. Exploration and evaluation expenditure is capitalised as incurred. Tenement acquisition costs are initially capitalised and carried forward to the extent that they are expected to be recouped through the successful development or sale of the AOI, or were activities in the AOI have not yet reached a stage that permits a reasonable assessment of the existence of economically recoverable reserves. ii. Exploration and evaluation expenditure is expensed as incurred. This policy is applied where uncertainty exists as to the future viability of certain areas, the value of the area of interest is written off to the profit and loss or provided against. The Board has determined to apply these policies on an AOI basis as follows: 1. Côte d’Ivoire (i) 2. Ghana (ii) Exploration and evaluation activity involves the search for mineral resources, the determination of technical feasibility, and the assessment of commercial viability of an identified resource. Exploration and evaluation assets are only recognised if the rights of tenure for the AOI are current and either (a) the expenditure are expected to be recouped through successful development and exploration or sale of the AOI, or (b) activities in the AOI have not at the reporting date reached a stage which permits a reasonable assessment of the existence of economically recoverable reserves, and active and significant operations in relation to the AOI are continuing. Exploration and evaluation assets are assessed for impairment when factors and circumstances suggest that the carrying amount may exceed its recoverable amount. The recoverability of carrying amounts is dependent on the successful development, commercial exploration, or sale of the respective AOI. CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 13 Asset Acquisition Purchase consideration, including capitalised transaction costs, has been allocated against identifiable asset and liabilities acquired on the following basis: ▪ Assets and liabilities initially measured at an amount other than cost, are measured by the Group at the amounts specified in the applicable accounting standards. Assets and liabilities in this category include financial assets and financial liabilities recognised initially at fair value, lease assets and liabilities measured in accordance with the accounting standard for leases, and employee benefit liabilities measured in accordance with the accounting standard for employee benefits. ▪ The residual transaction price is allocated to the remaining identifiable assets and liabilities based on their relative fair values at the date of the acquisition. Critical Judgements in Applying the Group’s Accounting Policies Asset Acquisition not Constituting a Business In determining when an acquisition is determined to be an asset acquisition and not a business, significant judgement is required to assess whether the assets acquired constitute a business in accordance with AASB 3. Under AASB 3, a business is an integrated set of activities and assets that is capable of being conducted or managed for the purpose of providing a return, and consists of inputs and processes, which, when applied to those inputs, has the ability to create outputs. Management determined that the acquisition of Mineralis Ltd was an asset acquisition. Capitalised exploration and evaluation expenditure The application of the Group’s accounting policy for exploration and evaluation expenditure requires judgement in determining whether it is likely that future economic benefits are likely from future exploitation or sale or where activities have not reached a stage which permits a reasonable assumption of the existence of reserves. Going concern The financial report has been prepared on a going concern basis, which contemplates the continuity of normal business activity and the realisation of assets and the settlement of liabilities in the normal course of business. For the half-year ended 31 December 2025 the consolidated entity incurred a loss of $1,900,750 (Dec 2024: $1,400,150) and had net cash outflows from operating activities of $2,214,438 (Dec 2024: $1,136,871). The Group had no cash generating assets in operation at 31 December 2025 and is unlikely to generate any operating revenue unless its projects are successfully developed or its interests are monetised. The ability of the Group to continue as a going concern is dependent on the Group being able to raise additional funds as required to meet ongoing and budgeted exploration commitments and for working capital. These conditions indicate a material uncertainty that may cast significant doubt about the Group’s ability to continue as a going concern and, therefore, it may be unable to realise its assets and discharge its liabilities in the normal course of business. The Directors believe that they will be able to raise additional capital as required and are in the process of evaluating the Group’s cash requirements. The Directors believe that the Group will continue as a going concern. As a result, the financial report has been prepared on a going concern basis. However, should the Group be unsuccessful in undertaking additional raisings, the Group may not be able to continue as a going concern. No adjustments have been made relating to the recoverability and classification of liabilities that might be necessary should the Group not continue as a going concern. Should the going concern basis not be appropriate, the Group may have to realise its assets and extinguish its liabilities other than in the ordinary course of business and at amounts different from those stated in the financial report. No allowance for such circumstances has been made in the financial report. CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 14 NOTE 2. SEGMENT INFORMATION For management purposes, the Group has identified three reportable segments being: exploration activities undertaken in Australia; exploration activities undertaken in Ghana, West Africa and exploration activities undertaken in Côte d’Ivoire, West Africa. These segments include activities associated with the determination and assessment of the existence of commercial economic reserves, from the Group’s mineral assets in the respective geographic location. Segment performance is evaluated based on the operating profit or loss and cash flows and is measured in accordance with the Group’s accounting policies. Half-year Exploration Segments Dec 2025 $ Dec 2024 $ Segment income – Australia 125 - Segment income – Ghana - - Segment income – Côte d’Ivoire - - Segment income – Total 125 - Reconciliation of segment income to total income before tax: Interest income 4,358 3,247 Fair value gains on financial assets - - Total income 4,483 3,247 Segment results – Australia (132,296) (178,724) Segment results – Ghana (547,624) (787,429) Segment results – Côte d’Ivoire - - Segment results – Total (679,920) (966,153) Reconciliation of segment result to loss before tax: Corporate depreciation (84) (5,666) Share-based payments expense (636,721) (65,845) Other corporate and administration (588,508) (365,733) Profit/(loss) before tax (1,900,750) (1,400,150) Dec 2025 $ June 2025 $ Segment operating assets – Australia - 500 Segment operating assets – Ghana 64,483 2,934 Segment operating assets – Côte d’Ivoire 916,737 - Segment operating assets – Total 981,220 3,434 Reconciliation of segment operating assets to total assets: Other corporate and administration assets 2,910,032 2,597,213 Total assets 3,891,252 2,600,647 Segment operating liabilities – Australia 249,118 358,953 Segment operating liabilities – Ghana 18,772 820,001 Segment operating liabilities – Côte d’Ivoire - - Segment operating liabilities – Total 267,890 1,178,954 Reconciliation of Ghana segment operating liabilities to total liabilities: Other corporate and administration liabilities - 50,423 Total liabilities 267,890 1,229,377 CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 15 NOTE 3. CASH AND CASH EQUIVALENTS Dec 2025 $ June 2025 $ Cash and Cash Equivalents 2,962,547 2,499,615 2,962,547 2,499,615 NOTE 4. CAPITALISED EXPLORATION EXPENDITURE Dec 2025 $ June 2025 $ Carrying value at beginning of the year - - Exploration and evaluation expenditure capitalised during the period 19,916 - Acquisition of Mineralis (note 7) 809,121 - 829,037 - The value of the exploration and evaluation expenditure is dependent upon the continuance of the rights to tenure of the areas of interest, the results of future exploration, and the recoupment of costs through successful development and exploitation of the areas of interest, or alternatively, by their sale. The Company’s accounting policy is to capitalise expenditures in respect to the Côte d’Ivoire project and expense amounts incurred in respect to the Company’s Ghana project. NOTE 5. CONTRIBUTED EQUITY Ordinary share capital Dec 2025 Dec 2024 Shares (Post- Consolidation Basis) $ Shares (Post- Consolidation Basis)1 $ Ordinary shares – fully paid 173,395,535 45,454,766 63,227,137 39,812,942 173,395,535 45,454,766 63,227,137 39,812,942 1 On 8 April 2025, shareholders approved the consolidation of the Company’s issued capital and outstanding options on the basis that every 30 Shares be consolidated into 1 Share. Number of shares have been restated on a post-consolidation basis. Movements in ordinary share capital Dec 2025 Dec 2024 Shares (Post- Consolidation Basis) $ Shares (Post- Consolidation Basis)2 $ As at 1 July 116,009,570 42,231,599 44,260,877 38,519,821 Placement at $0.0045 per share - - 851,852 115,000 Placement at $0.06 per share (1) 50,500,000 3,030,000 - - Shares issued Mineralis acquisition (note 7) 5,833,333 344,167 - - Shares issued in lieu of services (note 6) 1,052,632 60,000 - - Shares issued at $0.0015 per share - - 66,667 30,000 Shares issued at $0.0045 per share - - 581,075 78,445 Placement (stage1) at $0.0025 per share - - 10,000,000 750,000 Placement (stage 2) at $0.0025 per share - - 7,066,667 530,000 Shares issued at $0.0030 per share - - 400,000 36,000 Subtotal 3,434,167 1,539,445 Transaction costs - (211,000) - (246,324) As at 31 December 173,395,535 45,454,766 63,227,137 39,812,942 CASTLE MINERALS LIMITED INTERIM FINANCIAL REPORT (31 DECEMBER 2025) Page 16 1 Issue of placement ordinary shares to participations in the placement to raise funds of $3,030,000. 2 The number of ordinary shares is presented on a post-consolidation basis following the 1-for-30 share consolidation implemented on 14 April 2025. Movement in options on issue Number of options (Post-Consolidation Basis) Number of opti