Ann: Issue of Director Options, page-31

22/05/2025

Thank you for your feedback on our Annual General Meeting. We appreciate it.

As the Chair, Mr Maxwell said in his address, “when evaluating the future funding options for the Company, we believe it is important to get the balance right. This is the balance between retaining as much equity as possible in the valuable Rafael opportunity whilst ensuring the appropriate funding for the near-term Rafael work activity. It is about balancing reward and risk.”
This statement was made in reference to both near term and longer-term funding to support Buru Energy’s upstream forward workscope, which in the near term includes reserves certification and related activities, regulatory approvals, and native title negotiations… with several options being considered in line with the Chair’s statement.
Regards