Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

FID target dropped from the headline.

From this - Key Terms of the acquisition are shown in Table 1. Over the coming quarter, Boab will complete a
competitive tender to formally price the relocation, reconstruction and refurbishment contract
ahead of a targeted H2 2025 FID

To this - The key commercial terms of the acquisition are detailed in Table 1. Over the coming quarter, Boab
will undertake a competitive tender process to finalise pricing for the relocation, reconstruction,
and refurbishment of the plant infrastructure. This work will support the Company’s objective of
achieving FID in the second half of 2025

Environmental and regulatory approvals pushed back - Boab anticipates approval under the
federal act being obtained early Q3 2025. (april)
This response was accepted
by the federal regulator in late March 2025, enabling the assessment to progress to the next stage.
Boab anticipates receiving formal approval under the EPBC Act during Q3 2025. (current)

Funny its listed as an exploration entity but there was NO MENTION of it in the forward plans.

Silver took a nose dive and timelines are once again pushed back.