Our 2026 Annual General Meeting is set for Wednesday 25 November 2026 at 10:00am AEST, at HopgoodGanim Lawyers in Brisbane, and the formal Notice of Meeting and Explanatory Statement is now available on our website.

Alongside the usual business of receiving our annual financial reports, shareholders are being asked to vote on nine resolutions. These include adopting our remuneration report, electing James Knowles and re-electing Peter Swiridiuk to the Board, and approving the issue of options to placement investors who backed our recent capital raise.

We're also seeking approval for an employee incentive plan, performance rights for Managing Director Doug Grewar tied to KPIs over his first year in the role, and related termination benefit provisions. A further resolution asks shareholders to approve additional placement capacity under ASX rules, giving us more flexibility to raise capital if needed.

One item worth flagging: because last year's remuneration report received a "first strike" (a no vote of more than 25%), if this year's remuneration report also receives a strike of 25% or more, a conditional resolution would be triggered requiring a further meeting on whether to spill the Board. The Board has recommended shareholders vote against that spill resolution, and has outlined in the materials the changes made to our remuneration approach this year.

All resolutions are explained in full in the Notice, including the specific terms, dilution effects and voting exclusions that apply. We'd encourage shareholders to read it in full before voting, either online, by proxy form, or in person at the meeting.

If anything in the notice isn't clear, please use the question box on this page, we're glad to hear from you.

This quarter was about drilling, and a lot of it. Our Yataga Valley Copper Project, within the Georgetown tenements in North Queensland, saw around 3,879m of RC and diamond drilling completed by 30 September, testing priority copper targets we'd identified through geophysics, surface geochemistry and geological mapping.

The diamond drilling has been encouraging from a geological standpoint. We've intersected multiple intrusive phases, hydrothermal alteration, quartz veining and structural zones, with locally visible copper sulphides including chalcopyrite. That's useful information, but it's not the same as an assay result, and we want to be clear about that distinction.

The real test comes next. Laboratory assay results from the diamond drilling are now expected in early November 2026, and we'll put out a further update once we've received, validated and technically reviewed them. The current drilling campaign is expected to wrap up around the end of October, after which we'll pull together all the drilling, assay, geological and geophysical data to decide the next phase of exploration at Yataga.

On the financial side, we spent A$972k on exploration and evaluation this quarter and finished with A$1,751k in cash. Our cash flow report estimates this gives us around 1.25 quarters of funding at the current rate. We've set out in that report the steps available to us to raise further funds, including an as-yet-unactivated Controlled Placement Agreement with Acuity Capital.

If you have questions about this announcement, we'd encourage you to ask them through the investor hub.

This one's a bit different to our usual updates: it's our annual Corporate Governance Statement, lodged as part of our Appendix 4G. It sets out how our board is structured and how we manage the standards ASX expects of listed companies.

The headline is that our board follows the great majority of the ASX Corporate Governance Council's recommendations. We have a board charter, codes of conduct, a whistleblower policy, a continuous disclosure policy and a shareholder communication policy, all published on our website. Our board is Doug Grewar as Managing Director, with John Anderson, Peter Swiridiuk and James Knowles as directors, and all four consider themselves independent.

Given a company our size, we don't run separate board committees for audit, risk, remuneration or nominations. Instead, the full board takes on those responsibilities directly. We've disclosed this openly, along with our reasoning: bringing in extra directors purely to staff separate committees would add cost without a matching benefit at this stage of our growth. We've also noted that a formal board performance review wasn't completed this year but is planned for the second half.

For shareholders, this statement doesn't change how the company runs day to day. It's a transparency exercise, confirming where we meet ASX governance standards in full and explaining plainly where we've taken a different, more practical approach given our size.

If you'd like more detail on any part of our governance arrangements, we welcome your questions through the hub.

Emu NL has spent FY2026 sharpening its focus onto a single, high-conviction target: the Yataga Copper Project in North Queensland.

The maiden drilling programme at Fiery Creek, our first systematic test of this ground, confirmed copper-silver mineralisation extending well below surface, including intervals of 13 metres at 0.49% Cu and 9.7 g/t Ag, and 3 metres at 0.60% Cu and 13.3 g/t Ag. More importantly, it changed how we understand the system: Fiery Creek now looks like part of a much larger structural-intrusive complex, rather than an isolated vein. That reinterpretation is what has drawn our attention to Yataga Valley itself, seen as the potential core of that system.

We backed this with two capital raisings during the year, a placement and a rights issue, together raising approximately $4.2 million, and simplified our balance sheet by selling the Badja Gold Project for up to $3.51 million in total consideration ($1.31 million received on completion, the rest tied to future gold production milestones). Cash at year end stood at $3,154,265, up from $188,691 twelve months earlier. Net loss for the year was $1,880,523, down from $2,817,077 in FY2025, though this reflects the one-off profit on the Badja sale rather than a change in our underlying spend.

Drilling at Yataga itself began in July 2026, after year end, and is ongoing. It's designed to test whether the mineralisation seen at Fiery Creek forms part of a substantially larger system. Assay results will come through progressively and we'll continue to update the market as they do.

As always with exploration, results are not guaranteed and the company's ability to fund future work depends on ongoing access to capital.

If anything here raises a question, we'd genuinely like to hear it, there's a box on this page for exactly that.

Our Yataga Valley Copper Project in North Queensland continues to take shape, with the first deep diamond hole now complete and a second one still drilling.

The first hole, 26YVRD012, reached 735m and intersected a broad zone of Green Shear and Vein structures between about 330m and 470m downhole, with visible chalcopyrite (a copper sulphide mineral) seen alongside pyrrhotite and pyrite in parts of that interval. The second hole, 26YVRD015, is now past 429m and has started intersecting similar sulphide-bearing structures about 1km to the south. It's too early to know how the two holes relate to each other, and drilling on the second hole is continuing.

It's important to be clear about what this does and doesn't tell us. These are visual observations from the core, not laboratory results, and visual estimates are never a substitute for assay data when it comes to actual copper grades. The 140m interval in the first hole describes the geological zone where these structures occur, not a mineralised result. We'll only know the real copper grades once laboratory assays come back, and we expect the first of those from around the end of September through to mid-October.

Alongside the drilling, geological mapping has sharpened our targets on the western side of Yataga Valley, an area not yet drilled. Subject to how the current hole progresses, we're planning to drill there next.

We'll report the laboratory results once we've received, checked and reviewed them. If you have questions about this announcement, we'd welcome you asking them through the investor hub.

Our exploration programme at the Yataga Valley Copper Project in North Queensland continues to build a clearer picture of the copper system beneath the Valley, and this update covers progress across drilling, mapping and geophysics.

We've now completed 16 RC holes, and one RC/diamond hole, 26YVRD012, has reached approximately 735 metres testing a priority target where a magnetic low and IP chargeability response overlap beneath the central Valley. As this hole has gone deeper, the geology has become more complex, with multiple intrusive phases, hydrothermal alteration and quartz veining showing up, features consistent with what we hoped to find at this target.

All RC samples are now at the laboratory, and initial assay results from both the RC and diamond drilling are expected from early October. We're also looking at extending the existing 26YVRC015 pre-collar with diamond drilling, as it shows similarities to the upper part of 26YVRD012.

It's worth being clear about what this announcement is, and isn't. These are geological observations from drill logging, not assay results, so they don't tell us anything yet about grade or economic significance. That evidence comes next, once samples are analysed and reviewed.

We're encouraged by how the picture at Yataga is developing across 16 drill holes, surface mapping and geophysical data together, and we're looking forward to sharing assay results as they come to hand.

If you have questions about this announcement, we'd encourage you to ask us through the investor hub.

Emu NL's recent quarterly activity report showcases the progress and preparations made at the Georgetown Copper Project in North Queensland. Significant advancements include the completion of Stage 1 drilling at the Fiery Creek prospect and the initiation of a substantial drilling program at Yataga Valley. Through the integration of geological, geochemical, and geophysical data, the company has refined its exploration model and identified priority targets for drilling.

The successful non-renounceable rights issue during the quarter raised A$2,983k to fund the next stage of exploration at the Georgetown Project, enabling extensive drilling activities at Yataga Valley. The ongoing drilling program aims to provide crucial geological information, advance understanding of the Yataga Intrusive Complex, and systematically test priority targets to evaluate the copper system's prospects.

Investors are encouraged to engage with Emu NL through our interactive investor hub to learn more about our ongoing activities and advancements. For any inquiries or to delve deeper into the report's details, feel free to reach out to our team via email. We remain committed to transparent communication and value our stakeholders' engagement in our journey towards exploration success.

Announcement Summary: 
Emu NL has issued 6,120,000 unquoted equity securities under the ASX security code EMUAF at $0.03 each on July 2, 2026. These securities are related to a previous transaction announced in Appendix 3B. The total number of quoted and unquoted securities for the entity post-issue are outlined in the document.

Investors, please feel free to reach out with any questions or clarifications regarding this recent announcement. Your trust and understanding are important to us as we continue to grow and develop our projects.

Dear investors,

We are pleased to announce that Emu NL has applied for the quotation of 6,120,000 fully paid ordinary securities on the ASX, with an issue date of July 2, 2026. This application follows a previously announced transaction detailed in Appendix 3B.

The securities are being issued for a cash consideration in Australian Dollars at an issue price of AUD 0.025 per security. This issuance is part of our ongoing efforts to strengthen our position and drive growth within the company.

Should you have any questions regarding this announcement or require further information about our securities or business operations, please feel free to reach out. We value your continued support and are committed to transparency in our communication with investors.

Thank you for your interest in Emu NL.

Best regards,
[Management Team]

Emu NL (ASX: EMU) has issued 6,120,000 additional shares following shortfall applications related to the rights issue initially announced in March 2026. This comes on top of previously issued shares to shareholders exercising their rights. In total, 119,332,102 new shares have been issued, generating approximately $2,983,303 in proceeds before costs. The company will continue to accept additional shortfall applications through its brokers.

The capital structure post-allotment includes various classes of fully and partly paid ordinary shares, along with options to acquire fully paid ordinary shares at different prices and expiry dates. Interested investors are encouraged to interact through our interactive investor hub and engage with the Emu NL team. For more details, contact our MD and CEO, Doug Grewar, at info@emunl.com.au. Join the conversation at https://investorhub.emunl.com.au/auth/signup.

Investors with questions or seeking clarification on this recent development are welcome to reach out for further information or insights.

Date	Headline
27 Oct 2026 10:41 AM	Notice of Annual General Meeting/Proxy Form
19 Oct 2026 9:50 AM	Quarterly Activities/Appendix 5B Cash Flow Report
30 Sep 2026 1:54 PM	Appendix 4G and Corporate Governance Statement
30 Sep 2026 1:52 PM	Annual Report to shareholders
17 Sep 2026 11:11 AM	Yataga Drilling New Copper Targets Defined
2 Sep 2026 9:42 AM	Yataga Drilling Advances Intrusive Copper Model
29 Jul 2026 2:25 PM	Quarterly Activities/Appendix 5B Cash Flow Report
2 Jul 2026 9:58 AM	Notification regarding unquoted securities - EMU
2 Jul 2026 9:56 AM	Application for quotation of securities - EMU
2 Jul 2026 9:54 AM	Rights Issue Allotment Pursuant to Shortfall Offer