Ann: BEL: Disposal of Rare Earth Tenements vis Sale of Subsidiary, page-66

2023 Annual Report

Bentley (through its wholly-owned subsidiary, Scarborough Resources Pty Ltd (SCR)), has held a number of
exploration licence tenements (some of which are pending grant) in Western Australia (prospective for rare
earths elements (REE), lithium and uranium).

On 21 September 2023, the Company requested a trading halt, which transitioned into a request for a
voluntary suspension on 25 September 2023, pending the release of a market announcement in relation to the
Company’s activities (vis a vis SCR and its exploration tenements).

The Company has surrendered/withdrawn a number of tenements and has determined to dispose of a
majority shareholding interest in SCR, which holds the balance of its exploration tenements, which are at the
application stage and are prospective for REE and lithium.