Quarterly Activities/Appendix 5B Cash Flow Report

In the March 2026 quarter, Emu NL made significant progress at the Georgetown Project, confirming a large-scale mineralized system at Fiery Creek. Drilling identified a wide mineralized corridor with copper-silver mineralization, indicating a hybrid structural-intrusive mineral system. The Company is now shifting focus to Yataga Valley, the highest-priority target, with geophysical datasets showing chargeability anomalies. Emu NL has initiated a 10,000m drilling program at Yataga Valley to test priority targets and refine the exploration model.

With a successful rights issue completed and key leadership appointments made, Emu NL is strategically positioned for targeted drilling in 2026 to advance the Yataga Copper Project. The Company has confirmed the presence of a significant mineralized system, established a clear geological model, and identified higher-priority targets. Investors are encouraged to join discussions on the interactive investor hub and inquire about the Company's progress and future plans.