Announcement PDF ANNUAL REPORT For the year ended 30 June 2026 Globe Metals & Mining Limited ABN 33 114 400 609 GLOBE METALS AND MINING LIMITED CONTENTS FOR THE YEAR ENDED 30 JUNE 2026 1 CORPORATE DIRECTORY 2 DIRECTORS' REPORT 3 AUDITOR'S INDEPENDENCE DECLARATION 22 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 23 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 24 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 25 CONSOLIDATED STATEMENT OF CASH FLOWS 26 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 27 CONSOLIDATED ENTITY DISCLOSURE STATEMENT 46 DIRECTORS’ DECLARATION 47 INDEPENDENT AUDITOR'S REPORT 48 SHAREHOLDER INFORMATION 52 ANNUAL MINERAL RESOURCE STATEMENT 54 GLOBE METALS AND MINING LIMITED CORPORATE DIRECTORY FOR THE YEAR ENDED 30 JUNE 2026 2 Directors Alice Wong - Non-Executive Chairperson Bo Tan - Non-Executive Director Ricky Lau - Non-Executive Director Michael Barrett - Non-Executive Director Michael Choi - Non-Executive Director Company secretary Kelly Moore Senior Management Charles Altshuler - Interim Chief Executive Officer and Chief Financial Officer Principal & Registered office 45 Ventnor Avenue, West Perth, WA, 6005 Telephone +61 8 6118 7240 Fax +61 8 6323 0418 ABN 33 114 400 609 Auditors Australia: BDO Audit Pty Ltd Level 9, Mia Yellagonga Tower 2, 5 Spring St Perth WA 6000 Malawi: BDO Chartered Accountants 6th Floor, Unit House, 12 Victoria Avenue P.O. Box 3038 Blantyre, Malawi Share Registry Automic Pty Ltd Level 5, 191 St Georges Terrace Perth WA 6000 T: 1300 288 664 www.investor.automic.com.au Stock exchange listing Australian Securities Exchange (Home Exchange: Perth, Western Australia) Level 40, Central Park, 152-158 St Georges Terrace Perth WA 6000 Code: GBE Bankers Westpac 106 St Georges Terrace Perth WA 6000 GLOBE METALS AND MINING LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2026 3 The Directors of Globe Metals and Mining Limited (‘Globe’ or ‘the Company’) hereby submit the financial report of the Company and its controlled entities ('the Group') for the financial year ended 30 June 2026. DIRECTORS The names and particulars of the Directors of the Company during or since the end of the financial year are: Alice Wong Non-Executive Chairperson Bo Tan Non-Executive Director Ricky Lau Non-Executive Director Michael Choi Non-Executive Director Michael Barrett Non-Executive Director Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. INFORMATION ON DIRECTORS Alice Wong Non-Executive Chairperson Special responsibilities: Member of Nomination and Remuneration Committee Qualifications: B. Bus in Accounting and Finance Experience: Ms Alice Wong is an accountant by training and commenced her career with Price Waterhouse. After more than a decade of service in the investment banking industry in Asia working for large multinational companies Morgan Stanley, ABN AMRO Rothschild and BNP Paribas Peregrine, Ms Wong extended her entrepreneurial endeavour into luxury products and health care companies. Ms Wong invested into Globe via Apollo Metals Investment Co. Ltd during 2014 and has since served as the Non-Executive Chairperson of its Board of Directors where she has played an integral role in advancement of the Kanyika Project including the granting of the mining licence in August 2021. Ms Wong holds a Bachelor of Business Administration in Accounting and Finance from the University of Hong Kong and is a member of the American Institute of Certified Public Accountants (AICPA). Interests in shares: 351,405,1581 Interests in options: Nil Other current directorships: Nil Former directorships (last 3 years): Nil 1 Ms Wong is the sole shareholder and Director of Apollo Metals Investment Co. Ltd which holds 351,405,158 shares in the Company. Bo Tan Non-Executive Director Special responsibilities: Chairperson of Audit and Risk Committee Qualifications: BEcon - Renmin China, MBA - Thunderbird USA, M.A University of Connecticut Experience: Mr Tan has approximately 20 years’ experience as a senior manager and Director in financial planning, reporting, investment, capital structure and industrial research; and has worked for companies such as Bohai Industrial Investment Fund, Lehman Brothers Asia and Macquarie Securities Asia, and across international markets in China, Hong Kong, Canada and USA. Interests in shares: 125,621,0352 Interests in options: Nil Other current directorships: Nil Former directorships (last 3 years): Nil ²Mr Tan is a shareholder and Director of Triple Talent Enterprises Ltd, which holds 125,621,035 shares in the Company. GLOBE METALS AND MINING LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2026 4 Ricky Lau Non-Executive Director Special responsibilities: Chairperson of Nomination and Remuneration Committee Qualifications: MBA Kellogg-HKUST, BCom UBC (Hons) Experience: Mr Lau has over 20 years’ experience in private equity investment in Asia and is presently the Managing Partner of private equity real estate firm Crane Capital Limited. Interests in shares: Nil Interests in options: Nil Other current directorships: Nil Former directorships (last 3 years): Nil Michael Barrett Non-Executive Director Special responsibilities: Member of the Audit and Risk Committee Member of the Environment, Social and Governance Committee Qualifications: BSc.(SocSci) Joint Honours - Accounting and Economics, Fellow of The Institute of Chartered Accountants in England and Wales, Graduate of the AICD Experience: Mr Barrett has over 30 years’ international experience in strategy, capital markets, investor relations, and risk management. Mr. Barrett has extensive experience working in the energy and resources industry having held senior mining sector roles in Western Australia, including with Rio Tinto Iron Ore and WMC Resources Ltd. Most recently, Mr Barrett was National Lead Partner for Deloitte’s Risk Advisory Energy and Resources practice, specialising in Board Advisory and Risk Management for many of the largest mining, energy and resources companies nationally, prior to establishing his own consulting business, helping develop smaller businesses across the energy and resources industry. Mr Barrett is a Graduate of the AICD. Interests in shares: Nil Interests in options: Nil Other current directorships: Nil Former directorships (last 3 years): Novo Resources Corp (TSX/ASX: NVO), Non-Executive Director, appointed on 20 October 2017 and resigned 26 March 2024. Michael Choi OAM Non-Executive Director Special responsibilities: Chairperson of Environment, Social and Governance Committee Qualifications: BEng (Civil) University of Queensland Experience: Mr Choi is a professional chartered engineer specialising in property development, project management and construction. Mr Choi also has extensive experience in trade development, community engagement, cross cultural communication, relationship management and negotiations with governmental agencies. Mr Choi is a former member of the Queensland Parliament and held the position of Parliamentary Secretary (assisting on ministerial matters), with portfolios including natural resources, mines and energy, trade, as well as multicultural affairs. He was the first Asian- Australian elected to the Queensland Parliament. Through this background, he gained experience in mining, including policy setting, governance, regulation, negotiations with authorities, project assessment, feasibility and CAPEX, through his Assistant Minister role in the Queensland Government with mines and energy portfolios. In his career, Mr Choi was recognised with multiple awards, including the Medal of the Order of Australia (OAM) and the Lord Mayor’s Business Award. Interests in shares: Nil Interests in options: Nil Other current directorships: Nil Former directorships (last 3 years): Nil GLOBE METALS AND MINING LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2026 5 COMPANY SECRETARY Kelly Moore was appointed Company Secretary of Globe effective from 1 June 2025. Ms Moore is a qualified Chartered Accountant and Company Secretary with extensive experience in providing accounting and secretarial advice to public companies. Ms Moore holds a Bachelor of Commerce degree from the University of Western Australia, is a Fellow of the Chartered Accountants Australia and New Zealand, is a graduate of the Australian Institute of Company Directors and an associate member of the Governance Institute of Australia. PRINCIPAL ACTIVITIES The principal activities of the Group during the financial year were to explore, develop and invest in the resource sector. The Group’s major project is the Kanyika Niobium Project in Malawi. There were no significant changes in the nature of the Group’s principal activities during the current year. RESULTS The consolidated loss after providing for income tax of the Group for the year ended 30 June 2026 amounted to $2,928,425 (30 June 2025: $3,346,899). REVIEW OF OPERATIONS Kanyika Niobium Project During the year ended 30 June 2026, Globe Metals & Mining Limited (“Globe” or the “Company”) made significant progress in advancing its Kanyika Niobium Project (“Kanyika” or the “Project”) in Malawi from feasibility and permitting towards project development and execution. The year was characterised by completion of the Bankable Feasibility Study (“BFS”), advancement of early development works, strengthening of the Project’s regulatory position in Malawi, progress with community and resettlement activities, engagement with strategic and financing counterparties, and completion of equity raising and debt reduction initiatives. Project optimisation and Early Contractor Involvement In July 2025, Globe adopted an Early Contractor Involvement (“ECI”) strategy for Kanyika. The ECI approach was designed to incorporate construction, engineering, procurement and operational input into the Project prior to finalisation of the BFS, with the objective of improving constructability, capital efficiency, project scheduling and execution certainty. As part of this process, further optimisation was undertaken across the concentrator, refinery and non-process infrastructure, including consideration of power consumption, reagent requirements, equipment selection, site layout and construction methodology. The BFS timetable was consequently extended to enable these improvements to be incorporated into the final study. The Company subsequently entered into a binding Pre-Development Collaboration Agreement with Sinomine International (Zambia) Engineering Company Limited, a subsidiary of Sinomine Resource Group Co., Ltd. The arrangement provided for Sinomine to undertake pre-development and early works under the ECI model while Globe retained ownership and control of Kanyika and its associated offtake rights. Bankable Feasibility Study The principal technical milestone during the year was completion of the Kanyika BFS, announced on 1 April 2026. The BFS confirmed Kanyika as a long-life, integrated niobium and tantalum development project with strong forecast project economics. On a 100% project basis and in real 1 January 2026 terms, the BFS reported: ● post-tax NPV8 of US$1.025 billion ● post-tax IRR of 48%; ● average annual EBITDA of approximately US$205 million; ● life-of-mine net sales revenue of approximately US$6.98 billion; ● a 24-year mine life; ● a 72% life-of-mine gross margin; ● average net operating costs, after tantalum credits, of US$14.26/kg Nb₂O₅; and ● initial phase capital expenditure of approximately US$139 million. The BFS is supported by a Probable Ore Reserve of approximately 33.8 million tonnes grading 3,050 ppm Nb₂O₅ and 142 ppm Ta₂O₅. GLOBE METALS AND MINING LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2026 6 The development strategy adopted in the BFS provides for a phased implementation of Kanyika. The initial phase is designed to reduce upfront capital requirements and execution risk while establishing production and operating capability, followed by expansion to the Project’s full planned production capacity. The initial phase is targeted to produce approximately 1,502 tonnes per annum of niobium pentoxide and 65 tonnes per annum of tantalum pentoxide, with production increasing following expansion to approximately 3,477 tonnes per annum of niobium pentoxide and 156 tonnes per annum of tantalum pentoxide. First production is targeted for 2028. The BFS incorporates an integrated mine, concentrator and refinery configuration in Malawi and the use of solar photovoltaic generation and battery energy storage as part of the Project’s power solution. Development and early works During the second half of the financial year, Globe moved beyond feasibility activities and commenced physical early development works at Kanyika. In January 2026, the Company announced the commencement of construction and early works under its collaboration with Sinomine International. The program was structured to support the transition from feasibility to execution and to advance the Company’s obligations under the Mining Development Agreement (“MDA”) and Large-Scale Mining Licence. During the March 2026 quarter, early works progressed across site access, infrastructure and mining preparation, with activities focused on de-risking critical-path development items and supporting the targeted commencement of production in 2028. Following completion of the BFS, the Company continued development planning, permitting activities, technical optimisation, community resettlement programs and engagement with potential strategic partners and funding providers during the June 2026 quarter. Mining Licence and regulatory framework The Company continued to strengthen Kanyika’s regulatory position during the year. In August 2025, the Malawi Mines and Minerals Regulatory Authority approved an amendment to Large-Scale Mining Licence LML0216/21 to include zircon, hafnium, praseodymium and neodymium in addition to the minerals previously covered by the licence. The amendment provides Globe with the regulatory framework to evaluate and, where commercially appropriate, recover a broader range of critical minerals associated with the Kanyika deposit. In September 2025, the Malawi Mines and Minerals Regulatory Authority granted Globe a further 12-month extension under the MDA for commencement of substantial on-site mine development, extending the relevant date to 27 September 2026. The extension recognised the preparatory work undertaken by Globe and provided additional time to progress development activities, including early works, resettlement, approvals and project financing. The Company continued to progress the proposed downstream refinery structure and associated regulatory arrangements in Malawi during the year. GLOBE METALS AND MINING LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2026 7 Community and stakeholder engagement Community engagement remained an important component of the development program. The Community Development Agreement for Kanyika received Government approval and established the framework through which Project benefits will be shared with surrounding communities. During FY2026, Globe continued engagement with Project Affected Persons and relevant government and community stakeholders. During the March and June quarters, activities included relocation sensitisation, assessment of affected persons, compensation methodology and resettlement planning. These activities were undertaken to maintain transparent engagement with affected communities and prepare for the physical development of the Project. Malawi management and local capability During July 2025, Dr Joseph C.N. Mkandawire, formerly Principal Secretary of Malawi’s Ministry of Mining, was appointed as a Non- Executive Director of Globe Metals & Mining Africa Limited. The appointment strengthened Globe’s in-country leadership capability and supplemented the local management team as the Project progressed towards development. Project financing and balance sheet In October 2025, the Company secured commitments for an A$8,670,000 two-tranche private placement to strategic investors Avocado Trading Limited and Suitable Pioneer Limited at A$0.051 per share. The funding was directed towards Kanyika pre-development activities, early works, working capital and debt reduction. Tranche 1 settled during October 2025, raising A$6,961,500. Tranche 2 was approved by shareholders and settled in December 2025, raising a further A$1,708,500. The Company also undertook a series of debt-reduction initiatives during the financial year. These included conversion of lender debt to equity, repayment of outstanding facilities and the settlement of amounts owing to director and major shareholder Mr Bo Tan. On 23 December 2025, 56,192,373 shares were issued to Mr Tan at A$0.051 per share in settlement of A$2,865,811 of outstanding debt, with the small residual balance repaid from working capital. As a result, the Company entered the second half of FY2026 debt free. These initiatives substantially improved Globe’s balance sheet and provided the Company with funding to complete the BFS and progress Kanyika’s early development activities. Strategic funding and offtake During the year, Globe continued engagement with potential project financiers, strategic investors, mining and engineering groups and prospective customers. The BFS identified a number of potential funding pathways, including existing equity facilities, available options, commercial debt proposals and discussions with commercial banks, development finance institutions, commodity traders, strategic investors and mining companies. The Company also maintained non-binding offtake arrangements with Affilips N.V., Neo Performance Materials Inc. and Myst Trading Pte Ltd, providing a commercial framework for ongoing discussions relating to future Kanyika niobium and tantalum production. Financial position at year end At 30 June 2026, the Company held A$2,778,891 in cash and had no debt. Outlook Following completion of the BFS, Globe entered FY2027 with Kanyika technically advanced, with its principal mining licence and regulatory framework in place, and progressing through physical pre-development, community resettlement, detailed project planning and financing activities. The Company’s near-term priorities are to continue the physical development program at Kanyika, advance community compensation and resettlement, satisfy the requirements of the Mining Licence and MDA, progress engineering and construction planning, and secure an appropriate funding and/or strategic development pathway for the Project. GLOBE METALS AND MINING LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2026 8 REMUNERATION REPORT - AUDITED This remuneration report for the year ended 30 June 2026 outlines the remuneration arrangements of the Group in accordance with the requirements of Corporations Act 2001 (the Act) and its regulations. This information has been audited as required by Section 308(3C) of the Act. The remuneration report details the remuneration arrangements for Key Management Personnel ('KMP') who are defined as those persons having authority and responsibility for planning, directing and controlling the major activities of the Group, directly or indirectly, including any Director (whether executive or otherwise) of the parent. For the purposes of this report, the term “executive” includes the Managing Director ('MD'), executive Directors (where applicable) and senior executives of the Group. A. Remuneration Governance The Board of Directors has established a Committee for the purpose of reviewing and making recommendations with respect to the remuneration practices of the Company. The Committee comprises Mr Ricky Lau (Chairperson of the Nomination and Remuneration Committee since 14 December 2021) and Ms Alice Wong. The Board of Directors has prepared and approved a charter as the basis on which the Committee will be constituted and operated. The role of the Committee is to provide a mechanism for the determination, implementation and assessment of the remuneration practices of the Company, including remuneration packages and incentive schemes for executive Directors and senior management, and fees payable to Non-Executive Directors. The Committee is primarily responsible for making recommendations to the Board on: ● the overarching executive remuneration framework; ● the operation of incentive plans (if any) which apply to the executive team, including key performance indicators and performance hurdles; ● the remuneration levels of Executive Directors and other KMP; and ● the fees payable to Non-Executive Directors. The Committee’s objective is to ensure that remuneration policies and structures are fair and competitive, and aligned with the long- term interests of the Group. The Corporate Governance Statement on our website (www.globemm.com) provides further information on the role of the Remuneration Committee. B. Remuneration Policy The remuneration policy of Globe Metals & Mining Limited and its Controlled Entities has been designed to align Director and executive objectives with shareholder and business objectives by providing a fixed remuneration component which is assessed on an annual basis in line with market rates and offering specific incentives, from time to time, that are based on share price and key performance areas affecting the Group’s financial results. The Board of Directors of Globe believes the remuneration policy is appropriate and effective in its ability to attract, retain and motivate suitably qualified and experienced Directors and executives to run and manage the Group, as well as create goal congruence between the Directors, executives and the Company’s shareholders. C. Remuneration Arrangements All executives receive a base salary (which is based on factors such as length of service and experience) and superannuation (in accordance with relevant legislation). Executive remuneration may also incorporate a component of performance-based remuneration. The Board reviews executive packages annually by reference to the Group’s performance, executive performance and comparable information from industry sectors and other listed companies in similar industries. GLOBE METALS AND MINING LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2026 9 Non-Executive Directors are remunerated at market rates for comparable companies for time, commitment and responsibilities. The Board determines payments to Non-Executive Directors and reviews their remuneration annually, based on market practice, duties and accountability. Independent external advice is sought when required. The maximum aggregate amount of fees that can be paid to Non- Executive Directors is subject to approval by shareholders at an Annual General Meeting (currently $600,000 as approved at the FY2012 Annual General Meeting). The Board of Directors may exercise discretion in relation to approving incentives, bonuses and options. All remuneration paid to Directors and executives is valued at the cost to the Company and expensed. Options are valued using a combination of Black-Scholes option pricing model, Hoadley’s ESO5 model or Hoadley’s Parisian Model. Shares are valued at market value. D. Performance Based Remuneration From time to time, the Board of Directors may establish performance targets and a bonus system for the purposes of providing Directors, executives and employees with short-term and long-term performance incentives. Such incentives are offered to increase goal congruence between shareholders, Directors, executives and employees. During the prior financial year, on 25 March 2025, the Company issued 14,200,000 performance rights to executives and senior management under its employee incentive scheme. These rights were subject to milestone-based vesting conditions and were due to expire on 30 September 2026. As at 30 June 2026, all vesting conditions had passed without being achieved and the performance rights had no continuing value. There were 201,990,000 options on issue at 30 June 2026 (30 June 2025: 28,463,078) and 14,200,000 performance rights on issue at 30 June 2026 (30 June 2025: 14,200,000). E. Performance Summary The tables below set out summary information about Globe’s earnings and movements in shareholder wealth for the five years to 30 June 2026: 30 June 2026 30 June 2025 30 June 2024 30 June 2023 30 June 2022 $ $ $ $ $ Interest income 57,115 - 40 24 1,873 Loss after tax (2,928,425) (3,346,898) (3,433,070) (2,663,412) (2,752,413) 30 June 2026 30 June 2025 30 June 2024 30 June 2023 30 June 2022 Share price at start of year $0.028 $0.051 $0.062 $0.072 $0.016 Share price at end of year $0.065 $0.028 $0.051 $0.062 $0.072 Dividend - - - - - Basic loss per share 0.345 cents 0.483 cents 0.537 cents 0.548 cents 0.596 cents Diluted loss per share 0.345 cents 0.483 cents 0.537 cents 0.548 cents 0.596 cents F. No Hedging Contracts The Company does not permit executives to enter into contracts to hedge their exposure to options or performance rights to shares granted as part of their remuneration package. G. Securities Trading Policy The Board has in place a Securities Trading Policy to ensure that: ● any dealings in securities by the Directors, employees and contractors comply with legal and regulatory obligations (including the prohibition against insider trading); and ● the Company maintains market confidence in the integrity of dealings in its securities. GLOBE METALS AND MINING LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2026 10 H. Details of Remuneration Compensation of KMP for the year ended 30 June 2026 Short-term benefits Post employment Long-term benefits Share-based payments Share-based payments Salary Annual Super- Long service Equity- as a % and fees leave annuation leave settled Total of total 30 June 2026 $ $ $ $ $ $ % Directors: Alice Wong – Chairperson 80,000 - - - - 80,000 0% Michael Choi – Non-Executive Director 57,000 - - - - 57,000 0% Ricky Lau – Non-Executive Director 61,000 - - - - 61,000 0% Bo Tan - Non-Executive Director 58,000 - - - - 58,000 0% Michael Barrett – Non-Executive Director 60,000 - - - - 60,000 0% Specified Executives: Charles Altshuler – Interim Chief Executive Officer and Chief Financial Officer1 375,981 (32,943) 29,664 - 7,095 379,797 2% Rex Zietsman – Chief Technical Officer 357,593 - - - 4,464 362,057 1% Paul Smith - outgoing Chief Executive Officer2 71,000 - - - - 71,000 0% Lisungu Chirwa – Managing Director, GMMA3 132,441 - 13,244 - - 145,685 0% Total KMP 2026 1,253,015 (32,943) 42,908 - 11,559 1,274,539 1 Charles Altshuler was appointed as Interim Chief Executive Officer effective 13 June 2025, while continuing in his role as Chief Financial Officer. 2 Paul Smith tendered his resignation as Chief Executive Officer effective 13 June 2025 and concluded his employment with the Company on 11 September 2025. 3 Lisungu Chirwa was appointed Managing Director of Globe Metals & Mining (Africa) Limited (GMMA) effective 1 July 2025. GLOBE METALS AND MINING LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2026 11 Compensation of KMP for the year ended 30 June 2025 Short-term benefits Post employment Long-term benefits Share-based payments Share-based payments Salary Annual Super- Long service Equity- as a % and fees leave annuation leave settled Total of total 30 June 2025 $ $ $ $ $ $ % Directors: Alice Wong – Chairperson 80,000 - - - - 80,000 0% Michael Choi – Non-Executive Director 57,000 - - - 5,168 62,168 8% Ricky Lau – Non-Executive Director 61,000 - - - 5,168 66,168 8% Bo Tan - Non-Executive Director 58,000 - - - 5,168 63,168 8% Michael Barrett – Non-Executive Director 60,020 - - - 5,168 65,188 8% Specified Executives: Rex Zietsman – Chief Technical Officer 374,689 - - - 14,156 388,845 6% Charles Altshuler – Interim Chief Executive Officer and Chief Financial Officer1 252,797 37,960 29,086 - 19,669 339,512 4% Paul Smith - outgoing Chief Executive Officer2 360,000 - - - 199 360,199 0% Total KMP 2025 1,303,506 37,960 29,086 - 54,696 1,425,248 1 Charles Altshuler was appointed as Interim Chief Executive Officer effective 13 June 2025, while continuing in his role as Chief Financial Officer. 2 Paul Smith tendered his resignation as Chief Executive Officer effective 13 June 2025 and concluded his employment with the Company on 11 September 2025. No remuneration consultants have been engaged during the year ended 30 June 2026. GLOBE METALS AND MINING LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2026 12 Related party transactions with KMP September 2024 Loan Facility In September 2024, Director Bo Tan provided a short-term loan facility of A$2,300,000 to assist the Company with its short-term working capital requirements (the "September 2024 Loan Facility"). On 30 April 2025, the Company announced that it had reached an agreement with Mr Tan to extend the repayment date to 25 August 2025 (previously 25 March 2025). On 20 August 2025, the Company announced a further extension of the repayment date to 30 November 2025. The September 2024 Loan Facility had been fully drawn down by 30 June 2025. During the year ended 30 June 2026, the repayment date was extended and the facility was subsequently repaid. On 23 December 2025, the September 2024 Loan Facility was fully repaid, including accrued interest, through the issue of shares and payment of the residual balance in cash. Accordingly, no amounts remained outstanding under the facility at 30 June 2026. The key terms of the September 2024 Loan Facility were as follows: Loan Amount: A$2,300,000 Drawdown: $500,000 on or before 25 September 2024; $500,000 on a date selected by Globe during October 2024; $500,000 on a date selected by Globe during November 2024; and $800,000 on a date selected by Globe during December 2024. Interest Rate: 25% per annum Term: 8 months after first drawdown (Repayment Date); subsequently extended by agreement to 25