Quarterly Activities and Appendix 5B Cash Flow Report

Administrative Office 3 Richardson Street, West Perth WA 6005 | Contact Number +61 8 6319 1900
Postal Address PO Box 1976, West Perth WA 6872 | admin@uvre.com.au | www.uvre.com.au | ASX:UVA NZX:UVA
October 28, 2025
September 2025 Quarterly Activities Report

Acquisition of highly prospective NZ gold
projects and NZX dual listing completed, first
Waitekauri drilling campaign underway

Drilling at Waitekauri commenced on schedule in early October, with
first assays expected in December quarter

Highlights
• Completed acquisition of highly prospective brownfields NZ gold assets in the historic
Hauraki and Otago goldfields in July, with $4m capital raising
• Significant high grade assay results from historical underground trenching sampled
along the veins by Cyprus Gold at the Jubilee Gold Mine at Waitekauri, results including
1
:
o Channel_JU28 13.0m @ 80g/t Au
o Channel_JU27 24.0m @ 45g/t Au
o Channel_JU22 23.0m @ 42g/t Au
• Diamond drilling contract signed with EcoDrilling for an initial 3,250m Phase 1 program
at flagship brownfields Waitekauri Gold Project - drilling commenced on 11th October
• Phase 1 drilling underway at the Scotia South gold prospect, where mapping identified
epithermal quartz never drill tested
• Once Scotia drilling is completed, the rig will move to the main Jubilee gold target, which
is now fully permitted for drilling following the receipt of final approval from the Hauraki
District Council
• Phase 1 Waitekauri drilling program expected to be completed in Q1 2026, with first
assay results expected in the December quarter– samples will be assayed at SGS in
Waihi
• Approval received during the quarter for a dual listing on the New Zealand Stock
Exchange (NZX) Main Board Market, NZX listing debut on 16 October 2025 (NZX: UVA)
• Application for a new Exploration Permit has been accepted by NZPAM for the
Waiorongomai (WNG) brownfields gold project, located in the rich Hauraki Goldfield,
Waikato Region

1
Refer Uvre ASX announcement 1 September 2025: “Drilling set to start at flagship Waitekauri Gold Project in New
Zealand”

Uvre Limited (ASX: UVA, NZX: UVA) is pleased to provide its activities report for the quarter
ended 30 September 2025.
During the quarter Uvre completed the acquisition of Minerals Exploration Limited, and its
wholly owned New Zealand (NZ) operating subsidiary Otagold Limited. Otagold holds a 100%
interest in three exploration permits, one prospecting permit and one prospecting permit
application in New Zealand covering 332sqkm of highly prospective ground, led by the
flagship brownfields Waitekauri Gold Project, located just outside of Waihi. The Company’s
maiden drilling program at the Waitekauri Gold Project has now commenced, with the first
hole at the Scotia gold prospect subsequent to the end of the quarter.
The Waitekauri Gold Project covers 58km
2
in the prolific Hauraki Goldfields. The Waitekauri
tenement eastern boundary is located only 1km west of OceanaGold Corporation’s
(OceanaGold) Waihi gold mine. The Waitekauri project area displays the hallmarks of a major
goldfield in a region with a compelling mineral resource endowment, located in the middle
of a northeast/ southwest mineralised structure that hosts numerous multi-million ounce
deposits including OceanaGold’s WKP, Karangahake and Golden Cross deposits.
Following completion of the MEL/Otagold acquisition, the Uvre team completed planning
and approvals for an inaugural drilling campaign at the Waitekauri Gold Project. The drilling
program commenced on 11 October at the Scotia South epithermal gold prospect which has
never been drill tested, before moving onto a targeted exploration program to drill test
potential mineralised extensions of the historic Scotia and Jubilee Gold mines at Waitekauri.
Uvre Executive Chairman Brett Mitchell said:
“Since completing the acquisition of an
exceptional portfolio of New Zealand brownfields gold assets in July, Uvre has hit the ground
running undertaking reconnaissance sampling, reviewing historical exploration data and
laying the foundations for our maiden drilling prog ram at the flagship Waitekauri Gold Project,
which is now underway.
“All our activities during the Quarter have continued to reinforce the outstanding prospectivity
of our newly acquired NZ asset portfolio, where we will be targeting major new gold
discoveries with multi-million ounce potential.
“At the Waitekauri Project, our confidence has been significantly strengthened by the recent
identification of historical underground trenching results by Cyprus Gold from Jubilee in the
1990’s, which delivered outstanding high-g rade assays including 13m at 80g/t Au, 24m at
45g /t Au and 23m at 42g /t Au .
“Jubilee represents the initial primary target to be tested in our inaugural drilling campaign
now underway, with drilling to also follow-up recently discovered epithermal quartz
occurrences at Scotia South.
“The recent commencement of drilling at Waitekauri marks the start of an exciting ong oing
exploration campaign across our Waitekauri tenure, which is expected to continue into 2026.”

Completion of Otagold Acquisition – New Zealand Brownfields Gold Projects
During the September quarter, the NZ gold asset portfolio acquisition announced on 19 May
2025 was formally completed on 14 July 2025. The Company acquired 100% of the fully paid
ordinary shares in Minerals Exploration Limited (MEL) from the shareholders of MEL
(Vendors) for total consideration of $6m of Uvre ordinary shares, at $0.08 per share. MEL’s
wholly owned subsidiary is New Zealand Gold explorer, Otagold Limited (Otagold), which
holds 100% ownership in three (3) brownfields gold exploration projects and two (2)
greenfields gold exploration projects in New Zealand. All of Otagold’s projects are located
in the historic Hauraki and Otago goldfields and include a number of historical gold mines
that have been exposed to limited recent or modern exploration programs.

In relation to the completion of the acquisition, the Company issued 75 million fully paid
ordinary shares to the Vendors of MEL at a deemed issue price of $0.08 per share
(Consideration Shares), as approved at a General Meeting of shareholders on 27 June 2025.
The Consideration Shares were issued subject to a 12-month voluntary escrow period during
which time the Consideration Shares will be subject to a holding lock.


Figure 1: Location of Uvre’s NZ Gold Projects

Waitekauri Gold Project Overview
The Waitekauri Gold Project covers 58km
2
in the historic Hauraki Goldfield. The Waitekauri
tenement eastern boundary is located only 1km west of OceanaGold’s Waihi gold mine
2
. The
Waitekauri project area displays the hallmarks of a major goldfield in a region with a
compelling mineral resource endowment, located in the middle of the northeast/ southwest
structural trend that hosts numerous multi-million ounce deposits including OceanaGold’s
WKP, Karangahake and Golden Cross deposits.
The Waitekauri Gold Project is within an 18km long mineralised corridor hosting multiple
targets and historical workings and holds three high priority prospects for gold exploration
based on their historical gold production profile: Jubilee, Scotia and Sovereign.

Figure 2: Gold prospects occur in a defined NE-SW structural trend which extends from the
WKP discovery down throug h Uvre’s Waitekauri Gold Project


2
https://oceanagold.com/operation/waihi/, https://oceanagold.com/operation/resources-and-
reserves/

Hauraki Goldfield – Gold Rich Mineralised Province
Hauraki is a world-class goldfield located in the Waikato region of New Zealand, with a global
reputation for hosting high grade silver and gold deposits. It has been home to more than
50 epithermal mines since the 1860s, producing +15Moz of gold and 60Moz of silver.
The region shares many key characteristics with Kalgoorlie, being home to extensive
mineralised systems and many exploration and mining projects since 1862. The region also
offers access to well-established infrastructure and a skilled workforce. Mining is the driving
force of the local economy and is at the centre of the social fabric.

Figure 3: Jubilee drilling prog ram is designed to target historical high-g rade zones
Phase 1 Waitekauri Drilling program – Scotia and Jubilee Gold Prospects
The recent discovery of a previously unmapped occurrence of epithermal quartz boulders,
interpreted as a new untested vein south of the Scotia Prospect, will be the first target to
be tested in the current drilling campaign. The second drillhole is targeting high grade
mineralisation identified by previous explorers at Scotia approximately 50m downdip from
historical intercepts.
Following the completion of drilling at Scotia, the drill rig will then move to the historical
Jubilee mine, located in the middle of the Company’s Waitekauri project tenement, which
represents Uvre’s priority drilling prospect at Waitekauri. Jubilee is directly south-west of
the historical Golden Cross mine and northeast of the Karangahake mine, in the centre of
the NE-SW structural trend that also hosts the +2.2Moz Au (at 14.3g/t Au) resource at
OceanaGold’s WKP deposit.

Uvre will be targeting bonanza-style gold-silver low sulphidation veins, with the aim of
identifying a multi-million-ounce resource. The 2019 definition
3
of high grade zones at
OceanaGold’s WKP deposit, which hosts 2.2Moz Au @ 14.3g/t Au and 3.1Moz Ag
4
, along this
northeastern trend supports Uvre’s view that the area is highly prospective for gold.
The Company will update the market on all material developments during the Scotia and
Jubilee drilling programs and with assay results as they are received, analysed and
independently verified by the Company throughout the program.
Historical High-Grade Jubilee Gold Mine Channel Sampling Results
As recently announced, historical underground channel samples taken along the veins by
Cyprus Minerals NZ from the historic Jubilee goldmine returned highly promising assays
which, when combined with the favourable geological setting and the multi-million-ounce
projects nearby, demonstrates the material significance of Waitekauri’s potential.
The upside is further highlighted by high grade assays returned from trenching by Cyprus
Gold in 1991. It can be noted that most of the chip data can be verified against the historical
plans. The providence of the data beyond this is not available and some chip lines were
presumably sourced from additional plans (1991 Harley, McConnochie Cyprus Minerals NZ –
Jubilee Prospect, Waitekauri Project PL 31-1777 – NZPAM).

Figure 4: Channel_JU22: 23.0m @ 42g/t Au is a rise channel or vertical in the Long Section
of the Jubilee mine

3
Streiff, R, Randall, S, McArthur, F, Gardner, T and Torckler, L, 2019. Road to discovery at WKP, New
Zealand, in Proceedings PACRIM 2019, pp 256259

4
https://oceanagold.com/operation/resources-and-reserves/

Application Approved for New Brownfields Gold Exploration Permit, Waiorongomai –
located in the rich Hauraki Goldfield, Waikato Region
The Company has been advised its application for a new Exploration Permit has been
accepted by NZPAM. The new application area covers brownfields epithermal Au-Ag project
in southern part of Hauraki Goldfield, the Waiorongomai Gold Project in the Waikato region.
The Exploration Permit Application (EPA) -covers the Waiorongomai goldfield, located on the
western side of the Kaimai Range, east of the township of Te Aroha. This project’s north-
west tenement boundary is located approximately only 5km south-east from the Company’s
flagship Waitekauri brownfields gold project, and is situated in the same geological Ohoi-
Karangahake structural trend as Waitekauri. The Waiorongomai Gold Project is located on
Department of Conservation (DOC) land.
Mining activity began at Waiorongomai in the early 1880’s and workings were established on
at least 25 major quartz reefs by over forty companies. Despite these extensive workings
none of the historic mining operations were profitable, mainly due to high base metal
sulphide contents adversely affecting gold recoveries. The deposit was largely abandoned
by 1900. Minor prospecting and small-scale mining continued into the late 1940’s, and total
historical production from the project is estimated to 30koz @ 17 .4 g/t Au
5
.
The permit area covers a number of known veins with little modern exploration. The
Company continues to review available data on the Waiorongomai Gold Project and will
provide further detail including an update when the Exploration Permit is granted.

Figure 5: The Company’s epithermal Waiorongomai Gold Project (in Application) and
Waitekauri Gold Project in the Hauraki Goldfields, and regional geology

5
Smith, B. 2007: Technical Report & Data Hauraki PP39239. Glass Earth Ltd. Unpublished open file report
MR4266. 87 p.

Invincible Brownfields Gold Project
The Invincible Gold Project (Application) is a 164km
2
permit targeting similar style
mineralization as Macreas (OceanaGold) and Bendigo-Ophir (Santana Minerals), in Otago
schists hosting orogenic gold (tungsten) bearing veins. The historic Invincible Gold Mine
produced at an average grade of 30g/t Au in production from the 1880’s – 1910’s. The project
is currently in Application, and the Company expects it to be granted in the near term as a
Prospecting Permit as most conditions for grant have now been satisfied.
Macraes and Bendigo-Ophir are bulk tonnage with discrete high-grade gold and tungsten
zones - both commodities on New Zealand’s critical minerals list. There has been no modern
exploration of combining the footwall tungsten mineralisation with hanging wall gold zones
(like Macraes and Bendigo-Ophir).

Figure 6: Roaring Meg , Oturehua and Invincible Projects, within the Otag o Goldfields/Otag o
Schist
Oturehua Brownfields Gold Project
The Oturehua Gold Project is a 32.4km2 exploration permit located on privately owned
farmland. Gold in quartz-arsenopyrite-pyrite veins was initially discovered at the Oturehua
Gold Project in 1868 and mined until 1936. At the Golden Progress Mine historical production
is estimated at 15-20koz @ 48.8g/t Au and is located 20km South-East from Santana
Minerals (ASX-SMI) 2.2Moz @ 2.3g/t Au Bendigo-Ophir deposit and 50km North-West from
Oceana Gold’s Macraes, a >10Moz gold producer.
Near surface, supergene enriched part of the system with free gold was the subject of the
historical mining. Primary mineralisation was mined to a limited extent with no processing
possible in the 1930s with water pumping and manning issues combining to cease mining of

open down dip zones. Void model and open mineralised zones being modelled at present
for drill targeting.
Othrehua will be the immediate focus of the Company’s exploration programs for the NZ
South Island projects.
Uvre has commenced initial exploration work at the Oturehua Gold Project and rock chip
samples collected at the dumps of historical mine confirmed the high-grade nature of the
system, returning a maximum grade of 9.3g/t Au and an average grade of 5.3g/t Au
6
.
South Australian Uranium Projects
No new exploration activities were undertaken during the quarter at the Frome Downs or
Yankaninna Projects.
Project Background
The SA Uranium Projects include two exploration licenses and projects – the Frome Downs
(EL6996) and Yankaninna (EL6995) Projects (together the “South Australian Uranium
Projects”).
These licenses cover 521km
2
of prospective ground within and nearby to the
uranium rich Frome Basin of South Australia.
The Frome Basin hosts several significant uranium deposits and operating uranium mines.
South Australia is the only state in Australia where the mining and processing of uranium
ore is allowed, other than the Northern Territory.
The SA Uranium Projects are located within 50km of two operating Uranium mines – Beverley
and Four Mile:
• Beverley Uranium Mine (46.3 million pounds @ 0.27% U
3
O
8
)
7
;
• Four Mile (70.5 million pounds @ 0.33% U
3
O
8
)
8
; and
• Beverley North and Pepegoona (8.8 million pounds @ 0.18% U
3
O
8
)
7
.

Figure 7: Uranium Rich Frome Basin Region

6
Refer Uvre ASX announcement dated 27 June 2025.
7
https://renascor.com.au/frome-basin/
8
https://wcsecure.weblink.com.au/pdf/UVA/02854054.pdf

Uvre has an executed Heritage Survey Agreement (“HSA”) with the Adnyamathanha
Traditional Lands Association (“ATLA”) which was signed in the December 2024 quarter.
The execution of the HSA was a significant step towards the commencement of Uvre’s future
exploration programs and embeds a mutually beneficial framework for both the Company
and the Adnyamathanha Traditional Owners to work together on the Frome Downs and
Yankannina Projects.
Frome Downs Project - EL6996 (Exploration Project – 100% ownership – 343km
2
)
The Frome Downs Project is located in the highly prospective Frome Basin which is host to
multiple Uranium occurrences. Specifically, the Exploration License is located in the eastern
Lake Frome region which is known to be prospective for roll-front type uranium
mineralisation emplaced within sediments of the Tertiary Lake Eyre Basin.
The Frome Basin Project exploration license is contiguous and to the north of Havilah
Resources (ASX: HAV) Curnamona Province tenements.
East Canyon Uranium Vanadium Project
No new exploration activities were undertaken during the quarter. The Company renewed
the Annual lease and BLM fees for the East Canyon Uranium project during the quarter to
keep the Project and its tenements in good standing for a further 12-month period.
Project Background
The 100% owned East Canyon uranium-vanadium project comprises 231 contiguous claims
(~4,620 acres/18.7km
2
) prospective for uranium and vanadium in the Dry Valley/East Canyon
mining district of south-eastern Utah, USA (the “Claims”).
The Uravan Mineral Belt and surrounding Salt Wash ore producing districts of the Colorado
Plateau, which hosts the Claims, has been an important source of uranium and vanadium in
the US for more than 100 years, with historic production of more than 85 million pounds of
uranium at an average grade of more than 0.13% U₃O₈ and more than 440 million pounds of
vanadium at an average grade of 1.25% V₂O₅.
The district hosts several significant uranium-vanadium operations including TSX listed
Energy Fuels Inc.’s La Sal Complex mines and development projects, International
Consolidated Uranium’s Rim/Columbus and Sage Plains project which was subject to a
recent acquisition and strategic alliance with Energy Fuels, and Velvet-Wood, owned by TSX-
V-listed company Anfield Resources. Energy Fuels’ White Mesa Mill, the only fully licensed
and operating conventional uranium-vanadium mill in the US, is located 50km from the East
Canyon Project.

Figure 2
Figures 8 & 9: East Canyon project location in Utah, USA within the uranium endowed
Colorado Plateau.
South Pass Wyoming Lithium Project – check and reflect AR
No work was undertaken on the SouthPass Lithium Project in Wyoming during the quarter.
The Board decided not to renew the annual lease fees on its 95 unpatented mining load
claims over the South Pass Lithium Project before the 1 September deadline, and therefore
no longer holds any interest in the South Pass Lithium Project.
Corporate
Uvre held cash reserves of ~$5.4m as at September 30, 2025.
In accordance with ASX Listing Rule 5.3.2, the Company advises that no mining development
or production activities were conducted during the quarter.
Company Name Change to Minerals Exploration Limited at AGM – 27 November 2025
The Board has resolved to change the Company’s name at the upcoming AGM to Minerals
Exploration Limited, with ASX and NZX code to change to MEX at the time of the proposed
name change. This resolution will be put to shareholders and has been included in the
Notice for the Annual General Meeting to be held on the 27
th
of November 2025.
NZX Listing
Uvre received approval for a secondary listing on the NZX Main Board Market operated by
NZX Limited (NZX). The NZX listing will be in addition to Uvre’s primary listing on the
Australian Securities Exchange (ASX).
Uvre commenced trading on the NZX at 10.00am (NZ time) on Thursday 16 October 2025
under the ticker UVA. This dual listing is designed to increase the appeal of Uvre shares to
NZ’s extensive equity investment sector by making its securities easily accessible on their
home exchange, and demonstrate the Board’s commitment to its projects and people in NZ.
The will in turn give Uvre exposure to NZ’s large pool of investment capital, including a
substantial institutional investment base and an extensive retail investment network.

Uvre believes that the combination of the NZ listing and the fact that its gold exploration
assets are located in NZ will help enable the Company to establish a material shareholder
base and investment following in New Zealand.
Equity Raising
The Equity Raise of $4 million (before costs) announced on 19 May 2025 was completed on
3 July 2025. The raising comprised the issue of 50 million shares at 8c per share, the same
share price as the acquisition of MEL through the issue of $6m of UVA ordinary shares.
The Company received shareholder approval pursuant to Listing Rule 7.1 at its General
Meeting held on 27 June 2025 for the issue of the 50 million shares under the Equity Raise,
that was led by Bell Potter.
In a strong show of support to the Company’s new strategy and the newly acquired New
Zealand gold exploration projects, shareholder approval was also received pursuant to
Listing Rule 10.11 for participation in the Equity Raise by incoming directors, Norman Seckold
($500k) and Peter Nightingale ($100k) as well as existing directors, Brett Mitchell ($50k) and
Alex Passmore ($35k).
Board Changes
Following completion of the NZ asset acquisition, experienced mining executives Norman
Seckold and Peter Nightingale were formally appointed as Uvre Non-executive Directors. At
the same time, Steven Wood and Peter Woods resigned from their positions as Non-
executive Directors of the Company as part of the MEL acquisition transaction.
Joint Company Secretary Appointed
The Company has appointed Steven Wood as Joint Company Secretary, joining Harry Miller
in the role. Mr Wood has over 15 years of corporate advisory, governance and financial
compliance experience in the mining and resources sector, and as a previous Director of
Uvre has a strong background of the Company’s projects and operations.

Related Party Transactions
In accordance with ASX Listing Rules 4.7C.3, payments to related parties of the entity and
their associates outlined in the Company’s Appendix 5B for the quarter relate to Directors
fees of $80 ,000.
This announcement has been authorised by the Board of Uvre Limited.

For enquiries contact:
Brett Mitchell Paul Armstrong
Executive Chairman Read Corporate
+61 8 6319 1900 +61 8 9388 1474
brett@uvre.com.au

About Uvre Ltd – NZ Gold Focused Explorer
Uvre is implementing an aggressive brownfields exploration strategy at its portfolio of New
Zealand gold assets. These assets host known high-grade mineralisation from historical
production and exploration activities, are located in the historical Hauraki and Otago
Goldfields and sit close to major deposits. The Company is led by Directors and Management
with an outstanding track record of exploration success and value creation and is dual-
listed on the ASX and NZX.

TENEMENT SCHEDULE
Uvre’s tenement/claim holding at September 2025 quarter end is set out below as required by
listing rule 5.3.3.
East Canyon Project
All the claims that relate to the East Canyon Project (100% ownership) are held by Vanacorp
USA LLC (a wholly owned subsidiary company of Uvre Limited).
Serial Number

Claim
Name
Holder

BLM Admin
State
Uvre
Ownership
(at end of
quarter)
Change in
Ownership
UT101711316 EC-001 Vanacorp USA LLC UT, USA 100% Nil
UT101711317 EC-002 Vanacorp USA LLC UT, USA 100% Nil
UT101711318 EC-003 Vanacorp USA LLC UT, USA 100% Nil
UT101711319 EC-004 Vanacorp USA LLC UT, USA 100% Nil
UT101711320 EC-005 Vanacorp USA LLC UT, USA 100% Nil
UT101711321 EC-006 Vanacorp USA LLC UT, USA 100% Nil
UT101711322 EC-007 Vanacorp USA LLC UT, USA 100% Nil
UT101711323 EC-008 Vanacorp USA LLC UT, USA 100% Nil
UT101711324 EC-009 Vanacorp USA LLC UT, USA 100% Nil
UT101711325 EC-010 Vanacorp USA LLC UT, USA 100% Nil
UT101711326 EC-011 Vanacorp USA LLC UT, USA 100% Nil
UT101712471 EC-012 Vanacorp USA LLC UT, USA 100% Nil
UT101712472
EC-013
Vanacorp USA LLC UT, USA 100% Nil
UT101712473
EC-014
Vanacorp USA LLC UT, USA 100% Nil
UT101712474
EC-015
Vanacorp USA LLC UT, USA 100% Nil
UT101712475
EC-016
Vanacorp USA LLC UT, USA 100% Nil
UT101712476
EC-017
Vanacorp USA LLC UT, USA 100% Nil
UT101712477
EC-018
Vanacorp USA LLC UT, USA 100% Nil
UT101712478
EC-019
Vanacorp USA LLC UT, USA 100% Nil
UT101712479
EC-020
Vanacorp USA LLC UT, USA 100% Nil
UT101712480
EC-021
Vanacorp USA LLC UT, USA 100% Nil
UT101712481
EC-022
Vanacorp USA LLC UT, USA 100% Nil
UT101712482
EC-023
Vanacorp USA LLC UT, USA 100% Nil
UT101712483
EC-024
Vanacorp USA LLC UT, USA 100% Nil
UT101712484
EC-025
Vanacorp USA LLC UT, USA 100% Nil
UT101712485
EC-026
Vanacorp USA LLC UT, USA 100% Nil
UT101712486
EC-027
Vanacorp USA LLC UT, USA 100% Nil
UT101712487
EC-028
Vanacorp USA LLC UT, USA 100% Nil
UT101712488
EC-029
Vanacorp USA LLC UT, USA 100% Nil
UT101712489
EC-030
Vanacorp USA LLC UT, USA 100% Nil
UT101712490
EC-031
Vanacorp USA LLC UT, USA 100% Nil
UT101712491
EC-032
Vanacorp USA LLC UT, USA 100% Nil
UT101713623
EC-033
Vanacorp USA LLC UT, USA 100% Nil
UT101713624
EC-034
Vanacorp USA LLC UT, USA 100% Nil
UT101713625
EC-035
Vanacorp USA LLC UT, USA 100% Nil
UT101713626
EC-036
Vanacorp USA LLC UT, USA 100% Nil
UT101713627
EC-037
Vanacorp USA LLC UT, USA 100% Nil
UT101713628
EC-038
Vanacorp USA LLC UT, USA 100% Nil

UT101713629
EC-039
Vanacorp USA LLC UT, USA 100% Nil
UT101713630
EC-040
Vanacorp USA LLC UT, USA 100% Nil
UT101713631
EC-041
Vanacorp USA LLC UT, USA 100% Nil
UT101713632
EC-042
Vanacorp USA LLC UT, USA 100% Nil
UT101713633
EC-043
Vanacorp USA LLC UT, USA 100% Nil
UT101713634
EC-044
Vanacorp USA LLC UT, USA 100% Nil
UT101713635
EC-045
Vanacorp USA LLC UT, USA 100% Nil
UT101713636 EC-046 Vanacorp USA LLC UT, USA 100% Nil
UT101713637
EC-047
Vanacorp USA LLC UT, USA 100% Nil
UT101713638
EC-048
Vanacorp USA LLC UT, USA 100% Nil
UT101713639
EC-049
Vanacorp USA LLC UT, USA 100% Nil
UT101713640
EC-050
Vanacorp USA LLC UT, USA 100% Nil
UT101713641
EC-051
Vanacorp USA LLC UT, USA 100% Nil
UT101713642
EC-052
Vanacorp USA LLC UT, USA 100% Nil
UT101713643
EC-053
Vanacorp USA LLC UT, USA 100% Nil
UT101714707
EC-054
Vanacorp USA LLC UT, USA 100% Nil
UT101714708
EC-055
Vanacorp USA LLC UT, USA 100% Nil
UT101714709
EC-056
Vanacorp USA LLC UT, USA 100% Nil
UT101714710
EC-057
Vanacorp USA LLC UT, USA 100% Nil
UT101714711
EC-058
Vanacorp USA LLC UT, USA 100% Nil
UT101714712
EC-059
Vanacorp USA LLC UT, USA 100% Nil
UT101714713
EC-060
Vanacorp USA LLC UT, USA 100% Nil
UT101714714
EC-061
Vanacorp USA LLC UT, USA 100% Nil
UT101714715
EC-062
Vanacorp USA LLC UT, USA 100% Nil
UT101714716
EC-063
Vanacorp USA LLC UT, USA 100% Nil
UT101714717
EC-064
Vanacorp USA LLC UT, USA 100% Nil
UT101714718
EC-065
Vanacorp USA LLC UT, USA 100% Nil
UT101714719
EC-066
Vanacorp USA LLC UT, USA 100% Nil
UT101714720
EC-067
Vanacorp USA LLC UT, USA 100% Nil
UT101714721
EC-068
Vanacorp USA LLC UT, USA 100% Nil
UT101714722
EC-069
Vanacorp USA LLC UT, USA 100% Nil
UT101714801
EC-070
Vanacorp USA LLC UT, USA 100% Nil
UT101714802
EC-071
Vanacorp USA LLC UT, USA 100% Nil
UT101714803
EC-072
Vanacorp USA LLC UT, USA 100% Nil
UT101714804
EC-073
Vanacorp USA LLC UT, USA 100% Nil
UT101714805
EC-074
Vanacorp USA LLC UT, USA 100% Nil
UT101715906
EC-075
Vanacorp USA LLC UT, USA 100% Nil
UT101715907
EC-076
Vanacorp USA LLC UT, USA 100% Nil
UT101715908
EC-077
Vanacorp USA LLC UT, USA 100% Nil
UT101715909
EC-078
Vanacorp USA LLC UT, USA 100% Nil
UT101715910
EC-079
Vanacorp USA LLC UT, USA 100% Nil
UT101715911
EC-080
Vanacorp USA LLC UT, USA 100% Nil
UT101715912
EC-081
Vanacorp USA LLC UT, USA 100% Nil
UT101715913
EC-082
Vanacorp USA LLC UT, USA 100% Nil
UT101715914
EC-083
Vanacorp USA LLC UT, USA 100% Nil
UT101715915
EC-084
Vanacorp USA LLC UT, USA 100% Nil
UT101715916
EC-085
Vanacorp USA LLC UT, USA 100% Nil
UT101715917
EC-086
Vanacorp USA LLC UT, USA 100% Nil
UT101715918
EC-087
Vanacorp USA LLC UT, USA 100% Nil
UT101715919
EC-088
Vanacorp USA LLC UT, USA 100% Nil
UT101715920
EC-089
Vanacorp USA LLC UT, USA 100% Nil

UT101715921
EC-090
Vanacorp USA LLC UT, USA 100% Nil
UT101715922
EC-091
Vanacorp USA LLC UT, USA 100% Nil
UT101715923
EC-092
Vanacorp USA LLC UT, USA 100% Nil
UT101715924
EC-093
Vanacorp USA LLC UT, USA 100% Nil
UT101715925
EC-094
Vanacorp USA LLC UT, USA 100% Nil
UT101715926
EC-095
Vanacorp USA LLC UT, USA 100% Nil
UT101717104
EC-096
Vanacorp USA LLC UT, USA 100% Nil
UT101717105
EC-097
Vanacorp USA LLC UT, USA 100% Nil
UT101717106
EC-098
Vanacorp USA LLC UT, USA 100% Nil
UT101717107
EC-099
Vanacorp USA LLC UT, USA 100% Nil
UT101717108
EC-100
Vanacorp USA LLC UT, USA 100% Nil
UT101873470
EC-101
Vanacorp USA LLC UT, USA 100% Nil
UT101873471
EC-102
Vanacorp USA LLC UT, USA 100% Nil
UT101873472
EC-103
Vanacorp USA LLC UT, USA 100% Nil
UT101873473
EC-104
Vanacorp USA LLC UT, USA 100% Nil
UT101873474
EC-105
Vanacorp USA LLC UT, USA 100% Nil
UT101873475
EC-106
Vanacorp USA LLC UT, USA 100% Nil
UT101873476
EC-107
Vanacorp USA LLC UT, USA 100% Nil
UT101873477
EC-108
Vanacorp USA LLC UT, USA 100% Nil
UT101873478
EC-109
Vanacorp USA LLC UT, USA 100% Nil
UT101873479
EC-110
Vanacorp USA LLC UT, USA 100% Nil
UT101873480
EC-111
Vanacorp USA LLC UT, USA 100% Nil
UT101873481
EC-112
Vanacorp USA LLC UT, USA 100% Nil
UT101873482
EC-113
Vanacorp USA LLC UT, USA 100% Nil
UT101873483
EC-114
Vanacorp USA LLC UT, USA 100% Nil
UT101873484
EC-115
Vanacorp USA LLC UT, USA 100% Nil
UT101873485
EC-116
Vanacorp USA LLC UT, USA 100% Nil
UT101873486
EC-117
Vanacorp USA LLC UT, USA 100% Nil
UT101873487
EC-118
Vanacorp USA LLC UT, USA 100% Nil
UT101873488
EC-119
Vanacorp USA LLC UT, USA 100% Nil
UT101873489
EC-120
Vanacorp USA LLC UT, USA 100% Nil
UT101874343
EC-121
Vanacorp USA LLC UT, USA 100% Nil
UT101874344
EC-122
Vanacorp USA LLC UT, USA 100% Nil
UT101874345
EC-123
Vanacorp USA LLC UT, USA 100% Nil
UT101874346
EC-124
Vanacorp USA LLC UT, USA 100% Nil
UT101874347
EC-125
Vanacorp USA LLC UT, USA 100% Nil
UT101874348
EC-126
Vanacorp USA LLC UT, USA 100% Nil
UT101874349
EC-127
Vanacorp USA LLC UT, USA 100% Nil
UT101874350
EC-128
Vanacorp USA LLC UT, USA 100% Nil
UT101874351
EC-129
Vanacorp USA LLC UT, USA 100% Nil
UT101874352
EC-130
Vanacorp USA LLC UT, USA 100% Nil
UT101874353
EC-131
Vanacorp USA LLC UT, USA 100% Nil
UT101874354
EC-132
Vanacorp USA LLC UT, USA 100% Nil
UT101874355
EC-133
Vanacorp USA LLC UT, USA 100% Nil
UT101874356
EC-134
Vanacorp USA LLC UT, USA 100% Nil
UT101874357
EC-135
Vanacorp USA LLC UT, USA 100% Nil
UT101874358
EC-136
Vanacorp USA LLC UT, USA 100% Nil
UT101874359
EC-137
Vanacorp USA LLC UT, USA 100% Nil
UT101874360
EC-138
Vanacorp USA LLC UT, USA 100% Nil
UT101874361
EC-139
Vanacorp USA LLC UT, USA 100% Nil

UT101874362
EC-140
Vanacorp USA LLC UT, USA 100% Nil
UT101874363
EC-141
Vanacorp USA LLC UT, USA 100% Nil
UT101875198
EC-142
Vanacorp USA LLC UT, USA 100% Nil
UT101875199
EC-143
Vanacorp USA LLC UT, USA 100% Nil
UT101875200
EC-144
Vanacorp USA LLC UT, USA 100% Nil
UT101875201
EC-145
Vanacorp USA LLC UT, USA 100% Nil
UT101875202
EC-146
Vanacorp USA LLC UT, USA 100% Nil
UT101875203
EC-147
Vanacorp USA LLC UT, USA 100% Nil
UT101875204
EC-148
Vanacorp USA LLC UT, USA 100% Nil
UT101875205
EC-149
Vanacorp USA LLC UT, USA 100% Nil
UT101875206
EC-150
Vanacorp USA LLC UT, USA 100% Nil
UT101875207
EC-151
Vanacorp USA LLC UT, USA 100% Nil
UT101875208
EC-152
Vanacorp USA LLC UT, USA 100% Nil
UT101875209
EC-153
Vanacorp USA LLC UT, USA 100% Nil
UT101875210
EC-154
Vanacorp USA LLC UT, USA 100% Nil
UT101875211
EC-155
Vanacorp USA LLC UT, USA 100% Nil
UT101875212
EC-156
Vanacorp USA LLC UT, USA 100% Nil
UT101875213
EC-157
Vanacorp USA LLC UT, USA 100% Nil
UT101875214
EC-158
Vanacorp USA LLC UT, USA 100% Nil
UT101875215
EC-159
Vanacorp USA LLC UT, USA 100% Nil
UT101875216
EC-160
Vanacorp USA LLC UT, USA 100% Nil
UT101875217
EC-161
Vanacorp USA LLC UT, USA 100% Nil
UT101875218
EC-162
Vanacorp USA LLC UT, USA 100% Nil
UT101876061
EC-163
Vanacorp USA LLC UT, USA 100% Nil
UT101876062
EC-164
Vanacorp USA LLC UT, USA 100% Nil
UT101876063
EC-165
Vanacorp USA LLC UT, USA 100% Nil
UT101876064
EC-166
Vanacorp USA LLC UT, USA 100% Nil
UT101876065
EC-167
Vanacorp USA LLC UT, USA 100% Nil
UT101876066
EC-168
Vanacorp USA LLC UT, USA 100% Nil
UT101876067
EC-169
Vanacorp USA LLC UT, USA 100% Nil
UT101876068
EC-170
Vanacorp USA LLC UT, USA 100% Nil
UT101876069
EC-171
Vanacorp USA LLC UT, USA 100% Nil
UT101876070
EC-172
Vanacorp USA LLC UT, USA 100% Nil
UT101876071
EC-173
Vanacorp USA LLC UT, USA 100% Nil
UT101876072
EC-174
Vanacorp USA LLC UT, USA 100% Nil
UT101876073
EC-175
Vanacorp USA LLC UT, USA 100% Nil
UT101876074
EC-176
Vanacorp USA LLC UT, USA 100% Nil
UT101876075
EC-177
Vanacorp USA LLC UT, USA 100% Nil
UT101876076
EC-178
Vanacorp USA LLC UT, USA 100% Nil
UT101876077
EC-179
Vanacorp USA LLC UT, USA 100% Nil
UT101876078
EC-180
Vanacorp USA LLC UT, USA 100% Nil
UT101876079
EC-181
Vanacorp USA LLC UT, USA 100% Nil
UT101876064
EC-182
Vanacorp USA LLC UT, USA 100% Nil
UT101876911
EC-183
Vanacorp USA LLC UT, USA 100% Nil
UT101876912
EC-184
Vanacorp USA LLC UT, USA 100% Nil
UT101876913
EC-185
Vanacorp USA LLC UT, USA 100% Nil
UT101876915
EC-186
Vanacorp USA LLC UT, USA 100% Nil
UT101876916
EC-187
Vanacorp USA LLC UT, USA 100% Nil
UT101876917
EC-188
Vanacorp USA LLC UT, USA 100% Nil
UT101876918
EC-189
Vanacorp USA LLC UT, USA 100% Nil

UT101876919
EC-190
Vanacorp USA LLC UT, USA 100% Nil
UT101876920
EC-191
Vanacorp USA LLC UT, USA 100% Nil
UT101876921
EC-192
Vanacorp USA LLC UT, USA 100% Nil
UT101876922
EC-193
Vanacorp USA LLC UT, USA 100% Nil
UT101876923
EC-194
Vanacorp USA LLC UT, USA 100% Nil
UT101876924
EC-195
Vanacorp USA LLC UT, USA 100% Nil
UT101876925
EC-196
Vanacorp USA LLC UT, USA 100% Nil
UT101876926
EC-197
Vanacorp USA LLC UT, USA 100% Nil
UT101876927
EC-198
Vanacorp USA LLC UT, USA 100% Nil
UT101876928
EC-199
Vanacorp USA LLC UT, USA 100% Nil
UT101876929
EC-200
Vanacorp USA LLC UT, USA 100% Nil
UT101959454
EC 201
Vanacorp USA LLC UT, USA 100% Nil
UT101959455
EC 202
Vanacorp USA LLC UT, USA 100% Nil
UT101959456
EC 203
Vanacorp USA LLC UT, USA 100% Nil
UT101959457
EC 204
Vanacorp USA LLC UT, USA 100% Nil
UT101959458
EC 205
Vanacorp USA LLC UT, USA 100% Nil
UT101959459
EC 206
Vanacorp USA LLC UT, USA 100% Nil
UT101959460
EC 207
Vanacorp USA LLC UT, USA 100% Nil
UT101959461
EC 208
Vanacorp USA LLC UT, USA 100% Nil
UT101959462
EC 209
Vanacorp USA LLC UT, USA 100% Nil
UT101959463
EC 210
Vanacorp USA LLC UT, USA 100% Nil
UT101959822
EC 211
Vanacorp USA LLC UT, USA 100% Nil
UT101959823
EC 212
Vanacorp USA LLC UT, USA 100% Nil
UT101959824
EC 213
Vanacorp USA LLC UT, USA 100% Nil
UT101959825
EC 214
Vanacorp USA LLC UT, USA 100% Nil
UT101959826
EC 215
Vanacorp USA LLC UT, USA 100% Nil
UT101959827
EC 216
Vanacorp USA LLC UT, USA 100% Nil
UT101959828
EC 217
Vanacorp USA LLC UT, USA 100% Nil
UT101959829
EC 218
Vanacorp USA LLC UT, USA 100% Nil
UT101959830
EC 219
Vanacorp USA LLC UT, USA 100% Nil
UT101959831
EC 220
Vanacorp USA LLC UT, USA 100% Nil
UT101959832
EC 221
Vanacorp USA LLC UT, USA 100% Nil
UT101959833
EC 222
Vanacorp USA LLC UT, USA 100% Nil
UT101959834
EC 223
Vanacorp USA LLC UT, USA 100% Nil
UT101959835
EC 224
Vanacorp USA LLC UT, USA 100% Nil
UT101959836
EC 225
Vanacorp USA LLC UT, USA 100% Nil
UT101959837
EC 226
Vanacorp USA LLC UT, USA 100% Nil
UT101959838
EC 227
Vanacorp USA LLC UT, USA 100% Nil
UT101959839
EC 228
Vanacorp USA LLC UT, USA 100% Nil
UT101959840
EC 229
Vanacorp USA LLC UT, USA 100% Nil
UT101959841
EC 230
Vanacorp USA LLC UT, USA 100% Nil
UT101959842
EC 231
Vanacorp USA LLC UT, USA 100% Nil

South Pass Project
All the claims that relate to the South Pass Project (100% ownership) are held by Uvre Wyoming
Inc. (a wholly owned subsidiary company of Uvre Limited).
Serial
Number
Claim
Name
BLM
Claim ID

Holder
BLM
Admin
State
Uvre
Ownership
(at end of
quarter)
Change in
Ownership
WY106329166 WSP 1
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329167 WSP 2
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329168 WSP 3
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329169 WSP 4
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329170 WSP 5
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329171 WSP 6
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329172 WSP 7
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329173 WSP 8
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329174 WSP 9
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329175 WSP 10
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329176 WSP 11
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329177 WSP 12
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329178 WSP 13
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329179 WSP 14
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329180 WSP 15
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329181 WSP 16
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329182 WSP 17
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329183 WSP 18
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329184 WSP 19
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329185 WSP 20
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329186 WSP 21
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329187 WSP 22
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329188 WSP 23
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329189 WSP 24
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329190 WSP 25
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)

WY106329191 WSP 26
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329192 WSP 27
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329193 WSP 28
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329194 WSP 29
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329195 WSP 30
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329196 WSP 31
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329197 WSP 32
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329198 WSP 33
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329199 WSP 34
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632926
8 WSP 103
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632926
9 WSP 104
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632927
0 WSP 105
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329271 WSP 106
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329272 WSP 107
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329273 WSP 108
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632927
4 WSP 109
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329275 WSP 110
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632927
6 WSP 111
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329277 WSP 112
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632927
8 WSP 113
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632927
9 WSP 114
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632928
0 WSP 115
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329281 WSP 116
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632928
2 WSP 117
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632928
3 WSP 118
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632928
4 WSP 119
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632928
5 WSP 120
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632928
6 WSP 121
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632928
7 WSP 122
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)

WY10632928
8 WSP 123
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632928
9 WSP 124
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632929
0 WSP 125
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329291 WSP 126
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632929
2 WSP 127
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632929
3 WSP 128
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632929
4 WSP 129
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632929
5 WSP 130
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632929
6 WSP 131
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632929
7 WSP 132
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632929
8 WSP 133
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632929
9 WSP 134
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632930
0 WSP 135
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329301 WSP 136
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632930
2 WSP 137
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632930
3 WSP 138
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632930
4 WSP 139
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632930
5 WSP 140
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632930
6 WSP 141
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632930
7 WSP 142
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632930
8 WSP 143
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632930
9 WSP 144
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329310 WSP 145
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329311 WSP 146
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329312 WSP 147
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329313 WSP 148
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329314 WSP 149
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329315 WSP 150
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329316 WSP 151
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)

WY106329317 WSP 152
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY106329318 WSP 153
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329319 WSP 154
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632932
0 WSP 155
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329321 WSP 156
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632932
2 WSP 157
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632936
6 WSP 201
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632936
7 WSP 202
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632936
8 WSP 203
Not yet
available Uvre Wyoming Inc.. WY, USA
0% (100%)
WY10632936
9 WSP 204
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY10632937
0 WSP 205
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)
WY106329371 WSP 206
Not yet
available Uvre Wyoming Inc. WY, USA
0% (100%)

South Australian Uranium Projects
All the claims that relate to the Frome Downs and Yankaninna Projects (100% ownership) are held
by Uranium SA Pty Ltd (a wholly owned subsidiary company of Uvre Limited).
Serial
Number
Claim Name

Holder
BLM Admin State
Uvre
Ownership
(at end of
quarter)
Change in
Ownership
EL 6995 Yankaninna Uranium SA Pty Ltd SA,Australia 100% Nil
EL 6996 Frome Downs Uranium SA Pty Ltd SA,Australia 100% Nil

Otagold Projects
All the claims that relate to the Otagold Projects (100% ownership) are held by Otagold Ltd (a
wholly owned subsidiary company of Uvre Limited).
Serial
Number
Claim Name

Holder
BLM Admin State
Uvre
Ownership
(at end of
quarter)
Change in
Ownership
EP61021 Waitekauri Otagold Ltd North Island, NZ 100% 100%
EP61086 Lottin Point Otagold Ltd North Island, NZ 100% 100%
PP61001 Roaring Meg Otagold Ltd South Island, NZ 100% 100%
EP61069 Oturehua Otagold Ltd South Island, NZ 100% 100%
PPA61303.01 Invincible Otagold Ltd South Island, NZ 100% 100%

Rule 5.5
ASX Listing Rules Appendix 5B (17/07/20) Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity
Uvre Limited
ABN Quarter ended (“current quarter”)
85 650 124 324 30 September 2025

Consolidated statement of cash flows
Current quarter
$A’000
Year to date
(3 months)
$A’000
1. Cash flows from operating activities
- - 1.1 Receipts from customers
1.2 Payments for
-

- (a) exploration & evaluation
(b) development - -
(c) production - -
(d) staff costs (45) (45)
(e) administration and corporate costs (180) (180)
1.3 Dividends received (see note 3) - -
1.4 Interest received 24 24
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Government grants and tax incentives - -
1.8 Other -
1.9 Net cash from / (used in) operating
activities
(201) (201)

2. Cash flows from investing activities
- -
2.1 Payments to acquire or for:
(a) entities
(b) tenements - -
(c) property, plant and equipment (30) (30)
(d) exploration & evaluation (441) (441)
(e) investments - -
(f) other non-current assets - -

Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report

ASX Listing Rules Appendix 5B (17/07/20) Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.
Consolidated statement of cash flows
Current quarter
$A’000
Year to date
(3 months)
$A’000
2.2 Proceeds from the disposal of:
- -
(a) entities
(b) tenements - -
(c) property, plant and equipment - -
(d) investments - -
(e) other non-current assets - -
2.3 Cash flows from loans to other entities - -
2.4 Dividends received (see note 3) - -
2.5 Other (cash acquired on acquisition of
Minerals Exploration Limited)
74 74
2.6
Net cash from / (used in) investing
activities
(397) (397)

3. Cash flows from financing activities

3,650

3,650

3.1 Proceeds from issues of equity securities
(excluding convertible debt securities)
3.2 Proceeds from issue of convertible debt
securities
- -
3.3 Proceeds from exercise of options - -
3.4 Transaction costs related to issues of equity
securities or convertible debt securities
(289) (289)
3.5 Proceeds from borrowings - -
3.6 Repayment of borrowings - -
3.7 Transaction costs related to loans and
borrowings
- -
3.8 Dividends paid - -
3.9 Other (provide details if material) - -
3.10 Net cash from / (used in) financing
activities
3,361 3,361

4. Net increase / (decrease) in cash and
cash equivalents for the period

4.1
Cash and cash equivalents at beginning of
period
2,597 2,597
4.2 Net cash from / (used in) operating
activities (item 1.9 above)

(201)

(201)
4.3 Net cash from / (used in) investing activities
(item 2.6 above) (397) (397)
4.4
Net cash from / (used in) financing activities
(item 3.10 above) 3,361 3,361

Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report

ASX Listing Rules Appendix 5B (17/07/20) Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.
Consolidated statement of cash flows
Current quarter
$A’000
Year to date
(3 months)
$A’000
4.5 Effect of movement in exchange rates on
cash held
35 35
4.6 Cash and cash equivalents at end of
period
5,395 5,395

5. Reconciliation of cash and cash
equivalents
at the end of the quarter (as shown in the
consolidated statement of cash flows) to the
related items in the accounts

Current quarter
$A’000
Previous quarter
$A’000
5.1 Bank balances 795 509
5.2 Call deposits 4,600 2,088
5.3 Bank overdrafts - -
5.4 Other (provide details) - -
5.5
Cash and cash equivalents at end of
quarter (should equal item 4.6 above)
5,395 2,597

6. Payments to related parties of the entity and their
associates
Current quarter
$A'000
6.1 Aggregate amount of payments to related parties and their
associates included in item 1
80
6.2 Aggregate amount of payments to related parties and their
associates included in item 2
-
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an
explanation for, such payments.

Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report

ASX Listing Rules Appendix 5B (17/07/20) Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.
7. Financing facilities
Note: the term “facility’ includes all forms of financing
arrangements available to the entity.
Add notes as necessary for an understanding of the
sources of finance available to the entity.

Total facility
amount at quarter
end
$A’000
Amount drawn at
quarter end
$A’000
7.1 Loan facilities - -
7.2 Credit standby arrangements - -
7.3 Other (please specify) - -
7.4 Total financing facilities - -

7.5 Unused financing facilities available at quarter end -
7.6 Include in the box below a description of each facility above, including the lender, interest
rate, maturity date and whether it is secured or unsecured. If any additional financing
facilities have been entered into or are proposed to be entered into after quarter end,
include a note providing details of those facilities as well.
N/A



8. Estimated cash available for future operating activities $A’000
8.1 Net cash from / (used in) operating activities (item 1.9) (201)
8.2
(Payments for exploration & evaluation classified as investing
activities) (item 2.1(d))
(441)
8.3 Total relevant outgoings (item 8.1 + item 8.2) (642)
8.4 Cash and cash equivalents at quarter end (item 4.6) 5,395
8.5 Unused finance facilities available at quarter end (item 7.5) -
8.6 Total available funding (item 8.4 + item 8.5) 5,395

8.7
Estimated quarters of funding available (item 8.6 divided by
item 8.3)
8.40
Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”.
Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.

8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions:
8.8.1 Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
N/A

8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
N/A

Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report

ASX Listing Rules Appendix 5B (17/07/20) Page 5
+ See chapter 19 of the ASX Listing Rules for defined terms.
8.8.3 Does the entity expect to be able to continue its operations and to meet its business
objectives and, if so, on what basis?
N/A


Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered.

Compliance statement
1 This statement has been prepared in accordance with accounting standards and policies which
comply with Listing Rule 19.11A.
2 This statement gives a true and fair view of the matters disclosed.

28 October 2025
Date: ...................................................................................

The Board
Authorised by: ...................................................................................
(Name of body or officer authorising release – see note 4)

Notes
1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the
entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An
entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is
encouraged to do so.
2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions
in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash
Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting
standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities,
depending on the accounting policy of the entity.
4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”.
If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the
[name of board committee – e.g. Audit and Risk Committee]”. If it has been authorised for release to the market by a
disclosure committee, you can insert here: “By the Disclosure Committee”.
5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as
complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and
Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial
records of the entity have been properly maintained, that this report complies with the appropriate accounting standards
and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a
sound system of risk management and internal control which is operating effectively.