Supporting evidence

• LedgerRevenue trend: decelerating
• LedgerWeak quarter based on: Maintained full-year guidance · Stable management tone.
• GuidanceGuidance maintained

• LedgerRevenue -6% YoY (Q1 FY2026)
• EventGuidance Maintained
• EventStable Management Tone
• EventAdds significant long-duration backlog and requires modest growth capital, indicating strong operating performance and future opportunities.
• EventProvides capital for repaying existing debt and general corporate purposes.
• EventIncreases MacKellar's scope at the mine site by approximately 50% and contributes to contractual backlog.
• InitiativeEight Komatsu 240-ton haul trucks were purchased in December 2025 as part of these initiatives.
• InitiativeThe by-law has been adopted.
• InitiativeYear-end update provided, indicating ongoing progress.
• InitiativeA program to repurchase up to 2,729,056 common shares for cancellation, representing approximately 10% of the public float.