Quarterly Activities/Appendix 5B Cash Flow Report

Talga’s latest activities review showcases strong anode production, critical project progress, and robust financial management—confirming the company’s strategic position in the global battery materials market.

<ul><li>Achieved record anode production at the EVA Plant, supporting 21 customer validation programs across fast-charging and high-power battery sectors.</li><li>Advanced FEED study for the 5,000tpa Vittangi Anode Project to near completion, with permitting and land access milestones secured and de-risked.</li><li>Entered Joint Development Agreement with V4Smart (Porsche/VARTA) for Talnode®-C graphite anode qualification in next-generation fast-charging battery cells.</li><li>Strengthened strategic presence in the US through partnership with United Catalyst Corporation, targeting federal/state funding and North American market entry.</li><li>Raised A$7.3m via oversubscribed Share Purchase Plan; finished the quarter with A$28.2m cash and significant undrawn funding facilities.</li></ul>

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Quarterly Activities/Appendix 5B Cash Flow Report