Ann: Quarterly Activities Report, page-20

For those who missed the Q1 2024 Report webcast this morning, see link below, here are some key points:

- Production guidance of 35-39Mt attributable saleable production, weighted towards second half of the year.
- No change to the dividend policy of 50% of NPAT or free cash flow whichever is higher, subject to YAL board members decision.
- On market share buy backs are still not being considered at this stage. Management is seeking inclusion of ASX200 / ASX300 which requires free float of 30%, free float is currently at 28.4%, focus remains improving the companies free float ratio.
- Continuing to closely manage the companies controllable costs elements and further reduce costs.
- No discussions of M&A at the moment, however management are always actively looking. Positive discussions with FIRB whilst bidding for B&D, don't see any issues within the Australian approval system regarding potential M&A's in the future.
- A lot happening now between China and Australia which puts YAL in a very strong position.

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