Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-6

"AML3D is well funded to execute the next phase of its U.S. growth strategy. A key part of this strategy is having the
capacity to expand AML3D’s U.S. operations to match an expected increase in U.S. Defence production and ARCEMY®
system contracts over the short and medium term. This demand is expected to be driven, to a large extent, by the
award of US$951 million to Blue Forge Alliance by the U.S. Department of Defence to uplift the U.S. Navy Submarine

Industrial Base. Alongside the expansion of the U.S. operations to keep pace with the expected growth in US Defence
contracts AML3D also expects to leverage additional capacity to build on the TVA ARCEMY® contract and accelerate
entry into the US Utility, Marine, Oil & Gas and Aerospace sectors.

The staged expansion of AML3D’s US operations will create additional capacity across AML3D’s manufacturing
network to build on the company’s success, to date, in supporting the Australian defence sector. AML3D expects the
Australian defence sector to also contribute to a near and medium-term flow of defence contracts. In addition,
AML3D is progressing plans to open a European Technology Hub in the Second half of FY25, to take advantage of the
strong demand signals from Europe and the UK Defence sector in particular. The planned entry into Europe is
expected to drive significant additional contract growth across European Defence, Utility, Oil & Gas, Marine and
Aerospace markets over the medium term.

The scale of the opportunities AML3D is positioned to access, across multiple markets, gives the board confidence the
company’s growth strategy will deliver significant shareholder value over time."
- Aml3d (DECEMBER 2024 QUARTERLY ACTIVITIES REPORTAND APPENDIX 4C)