Ann: Response to ASX Price and Volume Query, page-2

E79 is unaware of any explanation for the recent trading, other than as described
below.
E79 are aware that neighbour Kalgoorlie Gold Mining Limited (ASX: KAL) announced
today the discovery of newly identified extensive gold mineralisation at Pinjin (named
Lighthorse). The Lighthorse gold discovery sits approximately 600m east of E79’s
Exploration Licence E31/1056, and about 2.7km south of E79’s southernmost drilling
in that tenement.
In addition, there is also a hole from KAL that sits 50m east of E31/1056 with 8m @
2.29 g/t Au from 60m drill depth, including 4m at 3.66g/t Au from 64m, in drill hole
KGAC24045 (refer KAL announcement 7 February 2025).
Figure 1 in the ASX:KAL announcement today showsthe E79 / KAL tenement boundary
as a vertical black line. E79’s Exploration Licence E31/1056 is located on the west side
of that vertical black line.
E79’s Laverton South Project, which includes E79’s Pinjin Project, has an area of
272km2, covering a southern portion of the Laverton Tectonic Zone (‘LTZ’)
Page 2
approximately 130km east-northeast of Kalgoorlie, within the major gold producing
Archean Yilgarn Craton of Western Australi