Announcement PDF 2026 Annual Report ABN 81 649 632 744 ASX:RRE Contents Corporate Directory................................................................................. 3 Letter from the Chairman........................................................................... 4 Directors & Management........................................................................... 7 Community And Environment...................................................................... 24 Directors’ Report.................................................................................... 28 Remuneration Report (Audited)................................................................... 32 Consolidated Statement Of Profit Or Loss And Other Comprehensive Income................. 39 Consolidated Statement Of Financial Position..................................................... 40 Consolidated Statement Of Changes In Equity.................................................... 41 Consolidated Statement Of Cash Flows............................................................ 42 Notes To The Consolidated Financial Statements................................................. 43 Directors’ Declaration............................................................................... 69 Auditor’s Independence Declaration............................................................... 70 Independent Auditor’s Report...................................................................... 71 Tenement Schedule................................................................................. 77 ANNUAL REPORT 2026 Right Resources Limited ANNUAL REPORT 2026 Right Resources Limited Corporate Directory Directors Chris Brown Non-Executive Chair Graham Howard Managing Director Lauren Robinson Executive Director Michael Willoughby Non-Executive Director Greg Winch Non-Executive Director Company Secretary Jessamyn Lyons E: jlyons@occamcorp.com Share Registry Automic Group 191 St Georges Terrace Perth WA 6000 Auditor BDO Audit Pty Ltd Level 9, Mia Yellagonga Tower 2 5 Spring Street, Perth WA 6000 Registered and Principal Office Ground Floor, 41-47 Colin Street West Perth WA 6005 ABN 81 649 632 744 Email: info@rightresources.com.au Website: www.rightresources.com.au 3 ANNUAL REPORT 2026 Right Resources Limited Letter from the Chairman Dear Shareholders, Right Resources' first year as an ASX-listed company has fundamentally changed our understanding of the opportunity within the Tumbarumba Region. Since listing in October 2025, the Company has progressed from testing a specific exploration concept at the historic Pilot workings to evaluating the potential for multiple gold and critical minerals systems across an extensive and underexplored district. At the time of listing, the Company's investment case was centred on Pilot. Historical high-grade gold workings, surface mapping and sampling, petrology and geophysical data supported the interpretation of a porphyry-style gold-copper target beneath an area that had never been tested by modern drilling. The maiden diamond drilling program provided the first modern subsurface test of that thesis. More than 3,000 metres of drilling confirmed gold mineralisation and intersected broad zones of alteration, sulphide mineralisation and sheeted veining. While the initial gold grades were below the levels targeted at the start of the program, the drilling demonstrated the scale and complexity of the hydrothermal system and generated the geological information needed to reassess the original model. Rather than viewing the initial results in isolation, the Company used the drilling data to examine how Pilot fits within the broader geological architecture of the Tumbarumba district. The scale of the alteration and veining, together with the distribution of gold and associated metals, indicated that a different mineral systems framework was required to guide the next phase of exploration. Working with the Centre for Ore Deposit and Earth Sciences (CODES) at the University of Tasmania, the Company integrated the drilling results with geological logging, geochemistry, petrology, zircon fertility indicators and fluid inclusion analysis. This work provided independent support for an interpretation that Pilot is consistent with a Reduced Intrusion-Related Gold System (RIRGS). That interpretation changed the exploration question. Rather than considering Pilot simply as a standalone target beneath historic workings, the Company began assessing whether it represents one part of a much broader, zoned mineral system and whether other intrusion-related systems may occur across its substantial Tumbarumba landholding. 4 ANNUAL REPORT 2026 Right Resources Limited Letter from the Chairman Under the preliminary CODES-supported metal zonation model, drilling completed to date is interpreted to have tested part of the transitional halo of the Pilot system. The proposed proximal gold-bismuth-tellurium-tungsten zone remains untested. This remains an exploration interpretation that requires further drilling, but it provides a clearer framework for vectoring towards potentially higher-grade parts of the system. The knowledge developed at Pilot has already influenced exploration beyond Pilot. The Blue Prospect was identified through systematic regional exploration applying the evolving intrusion-related model developed with CODES. Blue therefore represents more than a standalone target: it demonstrates how the Company's improved geological understanding is being applied across the broader tenure package to generate and advance new opportunities. At Blue, exploration defined a tungsten-bismuth - gold soil anomaly extending approximately 4.7 km by 3.4 km, with high-grade tungsten assays of up to 4.3% WO3 from selective surface samples and the identification of primary scheelite and wolframite mineralisation. Post year-end metallurgical testwork produced encouraging early results and Blue advanced from a regional concept to a drill- ready prospect. 5 ANNUAL REPORT 2026 Right Resources Limited Letter from the Chairman Beyond Tumbarumba, the Company continued to advance its New England Region assets. Exploration Targets were defined at Kingston and Mary Read following the systematic reinterpretation of historical datasets, while post-period work at Rising Sun and Midnight Star provided further evidence of the broader portfolio's exploration potential. In less than a year, Right Resources has moved from an investment proposition focused primarily on one historic gold target to a broader strategy built around an emerging gold and critical minerals district. Pilot remains important, but its value now extends beyond the initial drill results because the information generated there has helped reshape targeting across the wider Tumbarumba Region and contributed to the identification and advancement of Blue. Looking ahead, our priority is to test this evolving geological model through drilling and disciplined technical work. This includes maiden drilling at Blue, further refinement and testing of targets at Pilot, continued collaboration with CODES and ongoing evaluation of priority targets within New England. Exploration remains inherently uncertain, but the Company now has a stronger technical framework, multiple avenues for discovery and a clearer understanding of the milestones required to create shareholder value. On behalf of the Board, I would like to thank our shareholders for their continued support throughout our first year as a listed company. I would also like to acknowledge our employees, contractors, consultants and local stakeholders, whose efforts and commitment have been instrumental in the progress achieved during the year. We look forward to updating shareholders as we continue to advance our projects and pursue the significant opportunities emerging across the portfolio. Yours faithfully, Chris Brown Chair Right Resources Limited 6 Directors & Management ANNUAL REPORT 2026 Right Resources Limited Chris Brown Non-Executive Chairperson BBus (Accounting & Law), MBA, DBA Chris has more than 35 years of experience as a former corporate advisory director of chartered accounting firm William Buck, as well as holding directorships of public and private companies in Australia, USA, UK, China, Hong Kong and Singapore. Chris has provided strategic advice to a diverse range of clients in various industry sectors including mining and energy, infrastructure, life sciences, digital and new generation technologies, capital markets and philanthropy. External Australian listed directorships (current and last three years): Nil Graham Howard Managing Director BAppSc (Geology), FAusIMM Graham has more than 39 years of experience in the resource industry. He also has over 10 years of experience in executive director and NED roles, recently stepping down as the co-founder, Managing Director and CEO of the development-ready rare earth and critical minerals company, VHM Limited. Graham was instrumental in delivering the successful environmental effects statement for the Goschen Project, Victoria, the first greenfield mining project since 2008. He has also held significant roles in major gold and copper projects such as Boddington (Newcrest), Telfer (Newcrest) and the Silangan Copper Gold Project (Philippines), delivering projects from concept to feasibility and from construction through to operation. Graham is currently NED of VP Minerals Limited, an unlisted public company focused on gold and critical minerals exploration in North-West Victoria. External Australian listed directorships (current and last three years): Nil Lauren Robinson Executive Director BAppSc (Construction Management) Lauren brings over 16 years of experience across the mining and construction sectors, with a strong track record in strategic planning, project management, and delivery of large-scale projects. As Executive Director, she recently oversaw the successful A$10m raising as part of Right Resources’ IPO in October 2025. She has held senior roles in small-cap gold and critical minerals companies, including a pivotal position at ASX- listed VHM Limited, where she provided project management support for the successful delivery of its Definitive Feasibility Study and Initial Public Offering. Lauren was Executive Officer of VP Minerals and successfully delivered $5M funding for the development of assets in Northwestern Victoria. Lauren has demonstrated expertise in securing R&DTI funding, leading capital raising initiatives, and investor relations. External Australian listed directorships (current and last three years): Nil Interests: Shares: 366,665 Options: 950,000 Performance Rights: 360,000 Interests: Shares: 5,376,748 Options: 1,150,000 Performance Rights: 760,000 Interests: Shares: 1,429,493 Options: 1,000,000 Performance Rights: 720,000 7 Directors & Management ANNUAL REPORT 2026 Right Resources Limited Greg Winch Non-Executive Director BAppSc (Geology) Greg is a highly experienced geologist and mining executive with over 37 years of experience in mineral exploration, development and operations. He has held senior executive roles in mineral exploration and strategic development such as Founder and Chief Geology & Strategic Officer at Allied Gold Corporation. Prior to that, he was exploration manager at Centamin, overseeing key exploration initiatives. Greg has led major exploration programs and contributed to and resource growth across diverse international geological settings. External Australian listed directorships (current and last three years): Nil Michael Willoughby Non-Executive Director BA (Int Business), Grad Dip (Applied Finance & Investment) Michael has over 27 years of experience in the resources and diversified industries sectors, including 8 years as an equity research analyst and 18 as an investment banker. Mr Willoughby lived in Australia, Japan, China, Hong Kong, and Singapore, thus well versed in regional/global dynamics. He has served as Global Head of Metals, Mining & Transition Materials at HSBC, overseeing the largest balance sheet in the sector. Previously, he led the Metals & Mining Investment Banking team for Asia Pacific at JP Morgan and Standard Chartered. Michael is currently Global Co-Head of Metals and Mining at Jefferies Global Investment. Michael has led some of the most transformational fully integrated transactions in the sector and has deep expertise throughout Industrial, Emerging and Western markets, M&A, debt and equity capital markets and strategic advice. External Australian listed directorships (current and last three years): Nil Interests: Shares: 750,000 Options: 900,000 Performance Rights: 510,000 Interests: Shares: 1,699,224 Options: 900,000 Performance Rights: 480,000 8 Directors & Management ANNUAL REPORT 2026 Right Resources Limited Jerom Bourne Chief Financial Officer BCom (Finance), CPA, GAICD Jerom has more than 25 years of experience in the resources industry, specialising in strategy, planning, financial management and commercial negotiations. Jerom holds a Bachelor of Commerce (Finance), is a current member of CPA Australia and a graduate of the Australian Institute of Company Directors (AICD). As CFO of Right Resources, he led the financial execution of the Company’s successful IPO in October 2025. He has significant experience in the development of resources projects from exploration through to operations and has broad experience across a number of commodities including gold, critical minerals and iron ore projects. He has worked on projects for Ora Banda Mining, Iluka Resources, Mt Gibson Mining, Karara Mining, Rio Tinto and BHP. He was also responsible for commercial management at the development-ready critical minerals business VHM Limited. Mark Upton Executive General Manager – Strategy BAppSc (BASc, Geology), MBA Mark has over 25 years of experience in the resources sector. He is a qualified geologist and holds a Master of Business Administration. For the past 20 years, he has worked with EY and Deloitte, where he was a senior partner leading Deloitte’s national practice supporting clients with innovation strategies, government grants, and R&D tax incentives. He has expertise in commercialisation strategies spanning organisational structure, funding, and strategic communication, designed to increase enterprise value. He also led Deloitte’s global business focused on the commercialisation of the critical minerals sector, developing strong relationships with industry and government agencies in North America dedicated to building resilient mineral supply chains. Mark has managed the site operations for Right Resources for the Pilot Drilling Program from November 2025. Jessamyn Lyons Company Secretary BCom (Investment Finance, Corporate Finance & Marketing), Grad Dip (Corporate Governance) Jess is a Chartered Secretary with 15 years of prior experience in the stockbroking and banking industries. She is also a Fellow of the Governance Institute of Australia and holds a Bachelor of Commerce from the University of Western Australia with majors in Investment Finance, Corporate Finance and Marketing. Formerly, Jess has held various positions with Macquarie Bank, UBS Investment Bank (London) and more recently Patersons Securities (now Canaccord Genuity Ltd). Jess is currently a Director of Occam Corporate and the Company Secretary of ASX listed companies Dreadnought Resources Ltd, Ragnar Metals Ltd and Echo IQ Ltd and has held numerous other positions with various ASX listed companies. 9 Review of Operations Review of Operations ANNUAL REPORT 2026 Right Resources Limited OVERVIEW Right Resources listed on the Australian Securities Exchange (ASX) in October 2025 following a strongly supported Initial Public Offering. At listing, the Company's exploration thesis was led by the Pilot Project, where historical high-grade gold workings, surface exploration and geophysical data supported the interpretation of a porphyry-style gold-copper target beneath an area with no modern drilling. The broader portfolio initially comprised approximately 2,089 km² of tenure across the Tumbarumba and New England regions of New South Wales, which subsequently expanded to approximately 2,459 km² during the reporting period. The central outcome of the year was not simply the completion of exploration programs, but a material evolution in the Company's understanding of the Tumbarumba opportunity. Maiden drilling at Pilot confirmed an extensive mineralised hydrothermal system but returned initial gold grades below those targeted. The geological information generated by that program, combined with work undertaken with CODES, supported a Reduced Intrusion- Related Gold System interpretation and a broader district-scale targeting framework. That evolving model informed regional exploration, including the identification and rapid advancement of the Blue tungsten-bismuth-gold opportunity, while work in New England continued to build a separate pipeline of gold and silver targets. Figure 1: Right Resources’ highly prospective tenements in New South Wales, Australia 11 Review of Operations ANNUAL REPORT 2026 Right Resources Limited TUMBARUMBA The Company and CODES subsequently integrated drilling, mapping, geochemistry, petrology, fluid inclusion observations and regional structural interpretation. This work supports an emerging RIRGS framework in which mineralisation may be zoned around intrusive centres and spatially influenced by major regional structures, including the Gilmore Fault. The significance of this work is its regional application. Rather than treating individual historical occurrences as isolated prospects, the Company can now assess whether they represent different expressions of one or more intrusion- related mineral systems across the broader tenure package. The identification and advancement of Blue through this evolving framework provides an early example of how the knowledge gained at Pilot is informing target generation elsewhere in the district. Figure 2: Historic underground mine portal and preparations being made for modern diamond drilling at the Pilot Project The Company's Tumbarumba Region tenure comprises approximately 2,261 km² of highly prospective ground surrounding the township of Tumbarumba in southern New South Wales. The landholding contains numerous historical gold, copper, tungsten and polymetallic occurrences, many of which remain poorly tested by modern exploration techniques. Exploration during the year changed the Company's view of Tumbarumba. The original focus was on testing a porphyry-style gold-copper target beneath the historic Pilot workings. Drilling confirmed a large hydrothermal system but also showed that the initial model did not fully explain the alteration, veining, metal distribution and structural setting encountered below surface. 12 Review of Operations ANNUAL REPORT 2026 Right Resources Limited TUMBARUMBA Pilot Project The Pilot Project was the Company's principal exploration focus during the reporting period. The program was initially designed to test mineralisation beneath the historic high-grade workings and evaluate a porphyry-style gold- copper target identified through mapping, sampling, petrology, LiDAR interpretation and geophysical surveys. The Company commenced maiden diamond drilling at Pilot in November 2025. This was the first modern drilling undertaken at the project and provided the first opportunity to test the interpreted sub-vertical gold-bearing structures, broader sheeted vein systems and the large MTPR02 geophysical anomaly below surface. A total of 3,050m of diamond drilling was completed during the reporting period, comprising completed holes RRPT0001, RRPT0002 and RRPT0004, extension of RRPT0002 following regulatory approval to increase the permitted drill depth to 1,400m, commencement of daughter hole RRPT0002A, and completion of a pre-collar for RRPT0003. The Company has also advanced further programs with CODES to understand the geochemistry of the Pilot RIRGS as well as structural geology consultants to identify the dominant high gold grade trend which both enable optimisation of future drilling programs. The work points to opportunities to define potential high gold grade zones missed by the wide spaced drilling. A consequence is the Company is advancing approvals and flora and fauna studies to enable access to near surface targets around the Pilot workings. RRPT0001 was drilled to a final depth of 699.4m and successfully intersected the Pilot mineralisation system approximately 338m to 380m below surface. The hole intersected broad zones of alteration sheeted veining hosted within felsic intrusive units and confirmed that the gold mineralised system extends well beyond the limits of historic workings. The hole also demonstrated that the alteration halo associated with the system extends over 700m. Figure 3: Right Resources exploration team at the Pilot Project 13 Review of Operations ANNUAL REPORT 2026 Right Resources Limited TUMBARUMBA The Company assay testwork identified that high nugget gold was present and that initial assay methodology was likely to be understating the true in-ground gold grade. The Company has therefore moved to an assay methodology that samples greater than seven times more sample mass per meter than standard fire assay methodology. This work had a material impact on the grade of RRPT0001, bringing the gold grades in line with international examples of large tonnage lower grade RIRGS. • Final large sample mass PhotonAssay results for RRPT0001 between 338m to 380m, returned three significant intervals of mineralisation including; • 2m @ 0.37 g/t Au from 338m (previously 0.68 g/t Au FA, -45% reduction) • 16m @ 0.35 g/t Au from 348m (previously 0.21 g/t Au FA, +69% increase) • 7m @ 0.48 g/t Au from 373m (previously 0.36 g/t Au FA, +33% increase) These results provide an improved representation of gold distribution within the Pilot RIRGS and support the testwork that coarse gold is present. RRPT0002 was designed to test the MTPR02 circular geophysical anomaly and was initially drilled to 648.2m before being extended to 1,400m. The hole intersected extensive alteration along the hole, supporting the Company's interpretation of a large-scale hydrothermal system. During the period, the Company commenced detailed relogging, structural interpretation and additional technical studies on the hole to better understand alteration zonation, mineralisation controls and vectors toward potentially higher-grade portions of the system. A daughter hole, RRPT0002A, was subsequently commenced from 479.3m downhole and advanced to an interim depth of 678.1m. RRPT0003 was drilled as a shallow pre-collar to 300.2m before being placed on hold pending further technical review. RRPT0004 was drilled to 441.1m and targeted mineralisation beneath historic workings north of RRPT0001. Drilling confirmed the continuation of the sheeted vein system and provided valuable information regarding gold distribution and structural controls within the broader mineralised corridor. Figure 4: Maiden diamond drilling campaign underway at the Pilot Project 14 Review of Operations ANNUAL REPORT 2026 Right Resources Limited TUMBARUMBA Subsequent PhotonAssay testwork, relogging, petrology, fluid inclusion analysis, geochemistry and structural interpretation materially improved the Company's understanding of the system. This work, undertaken alongside CODES, supported the interpretation that initial drilling may have tested part of a transitional halo rather than the proposed proximal Au-Bi-Te-W zone. That proximal zone remains untested, and the interpretation requires validation through further exploration. Final large sample mass PhotonAssay results for RRPT0004 between 342.3m to 365m, returned three significant intervals of mineralisation including; • 3.7m @ 0.46 g/t Au from 342.3m (previously 0.49 g/t Au FA, -7% reduction) • 3m @ 0.11 g/t Au from 353.7m (previously 0.06 g/t Au FA, +84% increase) • 2.4m @ 0.20 g/t Au from 362.6m (previously 0.20 g/t Au FA, 0% change) Figure 5: Specialist diamond drilling contractor Eagle Drilling NQ Pty Ltd at the Pilot Project 15 Review of Operations ANNUAL REPORT 2026 Right Resources Limited TUMBARUMBA Blue Prospect The Blue Prospect emerged as a significant outcome of the Company's shift from prospect- scale exploration to regional mineral systems targeting. Blue was identified through systematic exploration applying the evolving RIRGS model developed with CODES, demonstrating how the geological knowledge generated at Pilot is being used to identify new opportunities across the Tumbarumba tenure. Surface exploration comprising geological mapping, geochemical sampling and prospect-scale evaluation identified a substantial tungsten anomaly measuring approximately 4.7 km by 3.4 km. Certified laboratory outcrop assays returned tungsten values of up to 3.4% W (4.3% WO3) from outcrop samples. Quartz vein outcrops up to 0.4m thick were sampled over limited strike length (10’s of meters) and as such only subsurface drilling can confirm strike and dip of vein continuity. Geological mapping and interpretation continues to identify new opportunities such as quartz vein gold and tungsten systems and shear hosted gold systems. To date, there are now seven tungsten soil anomalies and five gold soil anomalies. The prospect remains open in multiple directions and additional work indicates that the anomalous system continues westward onto EL9889, which was granted during the reporting period. Figure 6: Maiden exploration drilling commencing at the Blue Prospect 16 Review of Operations ANNUAL REPORT 2026 Right Resources Limited TUMBARUMBA Results from mapping, soil sampling and rock chip programs support the potential for a substantial mineralised system and justified advancing Blue to maiden drilling. A first-pass aircore program was planned to test priority tungsten and gold targets generated through the integration of geological, geochemical and structural data. Post year-end, preliminary metallurgical studies provided an additional technical proof point for Blue. Bulk sampling and Heavy Liquid Separation testwork completed by Nagrom Laboratories returned encouraging results, including a composite head grade of 0.48% WO₃ and indications that tungsten in the tested material may be amenable to gravity-based beneficiation at relatively coarse crush sizes. The sample was collected from a single surface location and is not necessarily representative of grade or metallurgical variability across the broader prospect. Figure 7: Comparison of laboratory tungsten (W) and bismuth (Bi) soil geochemistry and gold rock assays showing northwest, northeast and east-northeast trendsat Blue Prospect 17 Review of Operations ANNUAL REPORT 2026 Right Resources Limited TUMBARUMBA Figure 8: Blue prospect showing interpreted soil and rock gold anomalies 18 Review of Operations ANNUAL REPORT 2026 Right Resources Limited TUMBARUMBA Tumbarumba Metallogenic Province Emerging District-Scale Model The most consequential technical development during the reporting period was the evolution from a prospect-specific exploration thesis at Pilot to a regional mineral systems model for Tumbarumba. This interpretation suggests the region may represent a previously underexplored metallogenic province capable of hosting multiple intrusion- related gold and critical minerals systems. The interpretation is being advanced through the Company's collaboration with the Centre for Ore Deposit and Earth Sciences (CODES) at the University of Tasmania, a globally recognised ore deposit research group. Importantly, the work drew on the first modern subsurface geological information generated by the Pilot drilling program. Analysis completed by the Company and CODES indicates that Pilot shares characteristics with Reduced Intrusion-Related Gold Systems (RIRGS). Supporting evidence includes reduced granitoid host rocks, sheeted quartz-tourmaline ± pyrrhotite + arsenopyrite veining, characteristic geochemical signatures, zircon fertility indicators and low- salinity carbon dioxide-bearing fluid inclusion observations. RIRGS deposits can occur in clusters and are commonly associated with major regional structures. Within the emerging Tumbarumba model, the Gilmore Fault is interpreted as a potentially important structural control that may have provided pathways for hydrothermal fluids and influenced the location of multiple mineralised centres. The model also provides a framework for understanding the different metal assemblages observed at Pilot and Blue. Pilot and Blue are distinct mineral systems, but their gold, tungsten, and bismuth signatures can be assessed within the same broader intrusion-related exploration framework. This relationship remains interpretive and will require further drilling and technical work to validate. Figure 9: (Left) Tungsten mineralisation in outcrop at Blue. (Right) Scheelite under short-wave UV light showing characteristic bright blue fluorescence, independently verified by CODES researchers. 19 Review of Operations ANNUAL REPORT 2026 Right Resources Limited TUMBARUMBA At Pilot, the preliminary metal zonation model places a proposed higher-temperature Au-Bi-Te-W zone proximal to an intrusive centre, grading outward through an Au-As transitional halo to more distal Ag-Pb-Zn mineralisation. RRPT0001 and RRPT0004 are interpreted to have intersected part of the transitional halo. The proposed proximal zone has not been tested by modern drilling. This interpretation does not change the grades returned by the initial drilling. Its importance is that it explains why those holes may not have tested the part of the system originally sought and provides technical vectors for future targeting. Metal zonation studies, geochemistry, petrology, fluid inclusion work and structural interpretation are continuing to refine those