Change in substantial holding

Dear Investors,

We are pleased to announce that Emu NL has achieved significant growth in revenues for the fiscal year ended 30 June 2023. Our revenues have increased from A$1K to A$25K, driven by a strong demand for our products and services in favorable market conditions. Additionally, we have successfully decreased our net loss by 40% to A$2M, demonstrating our commitment to financial improvement.

Furthermore, our management team has effectively reduced expenses, including a 24% decrease in management remuneration and a decrease in share-based payments expense to zero. Additionally, our depreciation expense has decreased by 56%, showcasing our efforts to streamline operations and enhance efficiency.

Emu NL continues to focus on our resource exploration projects, including the Condingup, Merredin, Georgetown, Gnows Nest, Viper, Sunfire, Graceland, and 8 Mile Dam projects. These projects are strategically located in key areas with significant potential for rare earth resources.

We invite investors to reach out with any questions or inquiries regarding our latest financial results and ongoing projects. Thank you for your continued support.

Warm regards,

Management Team at Emu NL