Announcement PDF A B N 2 7 6 4 8 8 9 0 1 2 6 ANNUAL REPORT FOR THE YEAR ENDED 30 June 2026 ANNUAL REPORT for the year ended 30 June 2026 CORPORATE DIRECTORY.................................................................................................................1 DIRECTORS’ REPORT .......................................................................................................................2 AUDITOR’S INDEPENDENCE DECLARATION .................................................................................21 INDEPENDENT AUDITOR’S REPORT..............................................................................................22 DIRECTORS’ DECLARATION ............................................................................................... 27 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME....28 CONSOLIDATED STATEMENT OF FINANCIAL POSITION..............................................................29 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY...............................................................30 CONSOLIDATED STATEMENT OF CASH FLOWS............................................................................31 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS.........................................................32 CONSOLIDATED ENTITY DISCLOSURE STATEMENT ....................................................................51 SHAREHOLDER INFORMATION ................................................................................................. 52 EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 1 CORPORATE DIRECTORY DIRECTORS James Durrant (Executive Chairman) Jeremy Robinson (Managing Director) Todd Romaine (Non-Executive Director) Leo Horn (Non-Executive Director) COMPANY SECRETARIES Lewis Flynn Thomas O’Rourke REGISTERED OFFICE Level 1, 1 Alvan Street SUBIACO WA 6008 POSTAL ADDRESS Level 1, 1 Alvan Street SUBIACO WA 6008 PRINCIPAL PLACE OF BUSINESS Level 1, 1 Alvan Street SUBIACO WA 6008 CONTACT INFORMATION Tel: + (08) 6143 6720 investors@eaulithium.com AUDITORS BDO Audit Pty Ltd Level 9, Mia Yellagonga Tower 2, 5 Spring Street Perth WA 6000 SHARE REGISTRY XCEND Share Registry Level 2, 477 Pitt Street Haymarket NSW 2000 +61 2 8591 8509 (Local) www.xcend.co BANKER National Australia Bank 2/140 William Street Perth WA 6000 SECURITIES EXCHANGE LISTING Australian Securities Exchange (ASX) Level 40, Central Park 152-158 St George's Terrace Perth WA 6000 ASX CODE: EAU (previously C1X) EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 2 DIRECTORS’ REPORT The directors of EAU Lithium Limited (ASX: EAU) and its subsidiaries (the Group) submit their report, together with the financial report of the Group, for the year ended 30 June 2026 in accordance with the Corporations Act 2001. The Company was formerly known as Cosmos Exploration Limited, with the change of name becoming effective on 2 September 2026. DIRECTORS The names and particulars of the directors of the Company in office during the year and until the date of this report are as follows. Directors were in office for the entire year unless otherwise stated. Director Position James Durrant Executive Chairman (appointed 27 May 2026) Jeremy Robinson Managing Director, Formerly Executive Chairman (until 27 May 2026) Leo Horn Non-Executive Director Todd Romaine Non-Executive Director (appointed 27 May 2026) James Bahen Non-Executive Director (resigned 27 May 2026) The names of the secretaries in office at any time during or since the end of the year are: Company Secretaries Position Lewis Flynn Company Secretary (appointed 27 May 2026) Thomas O’Rourke Company Secretary (appointed 27 May 2026) James Bahen Company Secretary (resigned 27 May 2026) Robbie Featherby Company Secretary (resigned 27 May 2026) OPERATING RESULTS The Company has incurred a net loss after tax for the year ended 30 June 2026 of $20,074,748 (2025: $4,418,949). DIRECTORS’ MEETINGS During the period 1 July 2025 to 30 June 2026, two meetings of directors were held. Attendances by each director during the year were as follows: Directors’ Meetings Director Number Eligible to Attend Number Attended Mr James Durrant - - Mr Jeremy Robinson 2 2 Mr Leo Horn 2 2 Mr Todd Romaine - - Mr James Bahen 2 2 Directors’ other formal business was conducted via circular resolution. The directors have determined that the Company is not of a sufficient size to merit the establishment of Board committees and therefore duties ordinarily assigned to committees are carried out by the full Board. EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 3 INFORMATION ON DIRECTORS Information on Directors at the date of this report as follows: James Durrant EXECUTIVE CHAIRMAN (Appointed 27 May 2026) Mr Durrant brings over 20 years of experience spanning mine operations, project development, and sustainable resource management to the company. With a strong background in managing emerging market mineral resource projects, James provides strategic leadership for the company’s operations. His expertise in pre- feasibility and feasibility studies, stakeholder engagement, and navigating complex geopolitical environments aligns perfectly with the company’s focus on sustainable and impactful mining initiatives. James is currently Managing Director and CEO of RareX Ltd, showcasing his ability to optimize asset portfolios and expand operations through targeted acquisitions and advanced technical strategies. His tenure at Danakali Limited, and subsequently Canyon Resources, saw him lead critical feasibility and socio-environmental workstreams for the Colluli Potash Project in Eritrea, East Africa, and the Minim Martap bauxite project in Cameroon, respectively, further demonstrating his capability in delivering large-scale projects in challenging environments. With deep operational knowledge from his time at BHP Billiton and project leadership roles in Africa and Australia, James combines technical proficiency with visionary leadership to drive sustainable growth at the company. Interest in shares and options at the date of this report 12,736,938 Ordinary Shares 3,000,000 Options 6,000,000 Performance Rights Directorships held in other listed entities (last 3 years) RareX Limited (current) Kincora Copper (current) Jeremy Robinson MANAGING DIRECTOR, FORMERLY EXECUTIVE CHAIRMAN (Until 27 May 2026) Mr Robinson is an experienced mining executive having held senior roles at multiple junior and mid-tier mining and exploration companies. Mr Robinson holds a Bachelor of Commerce from the University of Western Australia majoring in Corporate Finance, Investment Finance and Marketing. He is also currently a director of RareX Limited and Churchill Strategic Investments Group. His strategic acumen is further demonstrated through his leadership roles at Lac Gold Limited and Brazilian Critical Minerals Limited, where he contributes to growth and governance. Interest in shares and options at the date of this report 12,191,691 Ordinary Shares 2,750,000 Options 3,500,000 Performance Rights Directorships held in other listed entities (last 3 years) RareX Limited (current) Lac Gold Limited (current) Brazilian Critical Minerals Limited (current) Mont Royal Resources Limited (current) Kincora Copper Limited (resigned 18 November 2025) EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 4 Leo Horn NON-EXECUTIVE DIRECTOR Leo Horn is a technical geologist with over 21 years’ experience in the exploration and mining industry for precious, base and rare earth metals, diamonds and uranium across Australia, Asia, North and South America and Africa. During that time Mr Horn has contributed to several significant discoveries including leading the team that delineated several large, high grade uranium resources in the prolific Athabasca Basin of Canada. In addition to key exploration management roles, Mr Horn has extensive experience in executive officer positions in which he has developed valuable corporate finance, marketing and capital raising experience. Mr Horn holds a Bachelor of Science with Majors in Geology & Geomorphology and Honours in Geology from the University of Western Australia and is a member of the Australian Institute of Geoscientists. Interest in shares and options at the date of this report/Resignation 1,450,000 Ordinary Shares 500,000 Options 1,500,000 Performance Rights Directorships held in other listed entities (last 3 years) Lodestar Battery Metals Corp. (current) Austin Metals Limited (resigned 10 October 2023) Todd Romaine NON-EXECUTIVE DIRECTOR (Appointed 27 May 2026) Todd Romaine is a seasoned executive with extensive experience driving sustainable business outcomes, government relations, and political risk strategies across the mining and natural resource sectors. This includes holding numerous executive leadership positions in ASX, TSX and NYSE publicly traded oil & gas and mining companies with operations in North America, Africa and Europe. He has worked in the gold, copper, zinc, and potash sectors prior to getting involved with lithium. Todd has extensive experience working effectively with national governments through Joint Venture partnerships balancing the sustainability of the mining operation with community and societal objectives. This has created stable long-term beneficial partnerships. Todd received his tertiary education in Canada, Madagascar, U.S., and more recently the U.K. at the University of Cambridge. Interest in shares and options at the date of this report/Resignation 12,867,098 Ordinary Shares 3,000,000 Options 6,000,000 Performance Rights Directorships held in other listed entities (last 3 years) Lion One Metals Limited (current) EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 5 INFORMATION ON COMPANY SECRETARIES Information on Company Secretaries at the date of this report as follows: Lewis Flynn JOINT COMPANY SECRETARY (Appointed 27 May 2026) Lewis Flynn has extensive legal background spanning regulation, commercial litigation, ASX compliance and corporate governance. Lewis has previously advised on IPOs, backdoor listings, M&A transactions and continuous disclosure across a large portfolio of listed companies, predominantly in the resource sector. Lewis has experience providing corporate advisory and company secretarial support to ASX‑listed entities, with a focus on governance, capital markets and regulatory compliance, and not-for-profit entities. Lewis holds a Bachelor of Commerce, a Juris Doctor and is admitted as a Barrister and Solicitor of the Supreme Court of Western Australia. He is currently undertaking the Graduate Diploma of Applied Corporate Governance. Thomas O’Rourke JOINT COMPANY SECRETARY (Appointed 27 May 2026) Thomas O’Rourke is a chartered accountant with over 16 years’ experience in both private and public companies. More recently Mr O’Rourke has specialised in corporate advisory, company secretarial and financial management services for ASX listed companies. Mr O’Rourke is a member of Chartered Accountants Australia and New Zealand (CAANZ), holding a Bachelor of Commerce from the University of Western Australia and a Master’s degree in Project Management from Curtin University. REMUNERATION REPORT (AUDITED) The remuneration report details the key management personnel remuneration arrangements for the consolidated entity, in accordance with the requirements of the Corporations Act 2001 and its Regulations. Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including all directors. The remuneration report is set out under the following main headings: • Principles used to determine the nature and amount of remuneration • Details of remuneration • Service agreements • Share-based compensation • Additional information • Additional disclosures relating to key management personnel Principles used to determine the nature and amount of remuneration The objective of the consolidated entity's executive reward framework is to ensure reward for performance is competitive and appropriate for the results delivered. The framework aligns executive reward with the achievement of strategic objectives and the creation of value for shareholders, and it is considered to conform to the market best practice for the delivery of reward. The Board of Directors ('the Board') ensures that executive reward satisfies the following key criteria for good reward governance practices: • competitiveness and reasonableness • acceptability to shareholders • performance linkage / alignment of executive compensation • transparency In accordance with best practice corporate governance, the structure of non-executive director and executive director remuneration is separate. EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 6 Non-executive directors remuneration Fees and payments to non-executive directors reflect the demands and responsibilities of their role. Non- executive directors' fees and payments are reviewed annually by the Board. The maximum aggregate amount of fees payable to all of the non-executive Directors is currently set at $500,000. Non-executive directors do not receive cash performance-based remuneration; any equity-based remuneration is separately approved and disclosed in this report. The Company may grant options or other equity-based incentives to Non-Executive Directors, subject to obtaining the relevant shareholder approvals. The grant of options or other equity based incentives is designed to attract and retain suitably qualified Non-Executive Directors. Notwithstanding Guideline 8.2 of the ASX Corporate Governance Council Principles of Good Corporate Governance and Best Practice Recommendations which provides that Non-Executive Directors should not receive options, the Directors consider that the grant of the options is designed to encourage the Directors to have a greater involvement in the achievement of the Company’s objectives and to provide an incentive to strive to that end by participating in the future growth and prosperity of the Company through share ownership. Executive remuneration The consolidated entity aims to reward executives based on their position and responsibility, with a level and mix of remuneration which has both fixed and variable components. The executive remuneration and reward framework has three components: • base pay and non-monetary benefits • share-based payments • other remuneration such as superannuation and long service leave The combination of these comprises the executive's total remuneration. The long-term incentive framework comprises share-based payments, including options and performance rights. The performance rights granted during 2026 are subject to project-development milestones relating to the announcement of a qualifying JORC Code compliant mineral resource estimate and completion and announcement of a positive pre-feasibility study for a Bolivian project. The terms, valuation and expense recognised for these awards are disclosed below. Voting and comments made at the company's 2025 Annual General Meeting ('AGM') At the 2025 AGM for the company, 100.00% of the votes received supported the adoption of the remuneration report for the year ended 30 June 2025. The company did not receive any specific feedback at the AGM regarding its remuneration practices. Details of remuneration Amounts of remuneration Details of the remuneration of key management personnel of the consolidated entity are set out in the following tables. The key management personnel of the consolidated entity consisted of the following directors of EAU Lithium Limited: ● James Durrant - Executive Chairman (appointed 27 May 2026) ● Jeremy Robinson - Managing Director (appointed 27 May 2026), Executive Chairman (Resigned 27 May 2026) ● Leo Horn - Non-Executive Director ● Todd Romaine - Non-Executive Director (appointed 27 May 2026) ● James Bahen - Non-Executive Director (resigned 27 May 2026) EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 7 Short Term Post-employment Equity Share- based Payments Total $ Performance related Percentage of Remuneration % Salary & Fees $ Bonus $ Other benefits $ Super- annuatio n $ Prescribed benefits $ Options or Performance rights $ 2026 Directors James Durrant1 15,523 - - 1,650 - 394,957 412,130 14% Jeremy Robinson 142,500 - - 9,420 - 197,479 349,399 8% James Bahen2 36,465 - - - - - 36,465 - Leo Horn 36,000 - - - - 65,826 101,826 9% Todd Romaine1 40,026 - - - - 394,957 434,983 13% 270,514 - - 11,070 - 1,053,219 1,334,803 12% 1 Appointed 27 May 2026 2 Resigned 27 May 2026 2025 Jeremy Robinson 132,000 - - - - (38,281)¹ 93,719 -41% James Bahen 39,780 - - - - (38,281)¹ 1,499 -2,554% Leo Horn 36,000 - - - - (38,281)¹ (2,281) -1,678% 207,780 - - - - (114,843) 92,937 -124% 1 The share-based payment expense recognised in prior periods was reversed during the year because the relevant milestones were not satisfied. Service agreements Remuneration and other terms of employment for key management personnel are formalised in service agreements. Details of these agreements are as follows: The Company entered into a consultancy agreement with Jeremy Robinson whereby Jeremy receives remuneration of $72,000 per annum as a director fee and $120,000 per annum (plus GST) for technical advice, but was amended down to $60,000 per annum starting from 1 April 2024. The agreement may be terminated subject to a 3-month notice period. Following the acquisition of EAU Lithium on 27 May 2026, the company replaced the consultancy agreement with Jeremy Robinson with an Executive Services Agreement which commenced on 1 June 2026. Jeremy receives remuneration of $300,000 per annum (FTE) exclusive of superannuation, performing his services part-time, 12.67 hours per week. The agreement may be terminated subject to a 3-month notice period. The company, via its wholly owned subsidiary EAU Lithium Bolivia Pty Ltd entered an Executive Services Agreement with James Durrant which commenced on 1 June 2026. James receives remuneration of $300,000 per annum (FTE) exclusive of superannuation, performing his services part-time, 12.5 hours per week. The agreement may be terminated subject to a 3-month notice period. The company, via its wholly owned subsidiary EAU Lithium Bolivia Pty Ltd entered a Consultancy Agreement with Todd Romaine which commenced on 18 May 2026. Todd receives remuneration of $22,550 per month exclusive of GST. The agreement may be terminated subject to a 3-month notice period. EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 8 Share-based compensation Issue of shares There were no shares issued to directors and other key management personnel as part of compensation during the year ended 30 June 2026. Options The terms and conditions of each grant of options over ordinary shares affecting remuneration of directors and other key management personnel in this financial year or future reporting years are as follows: Name Number of options granted Grant date Vesting date and exercisable date Expiry date Exercise price Pricing Model James Durrant 3,000,000 11 May 2026 11 May 2026 27 May 2029 $0.40 A Jeremy Robinson 1,500,000 11 May 2026 11 May 2026 27 May 2029 $0.40 A Leo Horn 500,000 11 May 2026 11 May 2026 27 May 2029 $0.40 A Todd Romaine 3,000,000 11 May 2026 11 May 2026 27 May 2029 $0.40 A Options granted carry no dividend or voting rights. All options are valued using the Black-Scholes option pricing model. Inputs into pricing model A Number of Options 8,000,000 Grant Date 11 May 2026 Underlying Share Price at Grant Date $0.215 Expiry of Option Life 3.05 years Expected Dividend Yield - Risk-free Rate 4.67% Exercise Price $0.40 Expected Volatility 100% Fair Value per Instrument $0.1123 Total Fair Value $898,543 Values of options over ordinary shares granted, exercised and lapsed for directors and other key management personnel as part of compensation during the year ended 30 June 2026 are set out below: Name Value of options granted during the year Value of options exercised during the year Value of options lapsed during the year Remuneration consisting of options for the year James Durrant $336,954 - - 82% Jeremy Robinson $168,477 - - 48% Leo Horn $56,159 - - 65% Todd Romanie $336,954 - - 77% Performance Rights The terms and conditions of each grant of performance rights over ordinary shares affecting remuneration of directors and other key management personnel in this financial year or future reporting years are as follows: Name Number of performance rights granted Grant date Vesting date Expiry date Vesting Condition Pricing Model James Durrant 3,000,000 11 May 2026 27 May 2029 27 May 2029 (1) A Jeremy Robinson 1,500,000 11 May 2026 27 May 2029 27 May 2029 (1) A Leo Horn 500,000 11 May 2026 27 May 2029 27 May 2029 (1) A Todd Romaine 3,000,000 11 May 2026 27 May 2029 27 May 2029 (1) A James Durrant 3,000,000 11 May 2026 27 May 2029 27 May 2029 (2) B Jeremy Robinson 1,500,000 11 May 2026 27 May 2029 27 May 2029 (2) B Leo Horn 500,000 11 May 2026 27 May 2029 27 May 2029 (2) B Todd Romaine 3,000,000 11 May 2026 27 May 2029 27 May 2029 (2) B EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 9 Vesting Condition 1 The Company announcing a JORC Code compliant mineral resource estimate (Measured, Indicated or Inferred) on a Bolivian Project of greater than or equal to 1Mt of contained Lithium Carbonate Equivalent and with a grade greater than or equal to 500ppm Lithium. 2 The Company completing and announcing a positive Pre-Feasibility Study for any of the Bolivian Projects. The grant-date fair value of performance rights with non-market vesting conditions was determined by reference to the underlying share price at grant date. In accordance with AASB 2, the probability of satisfying those non- market vesting conditions is reflected in the number of awards expected to vest when determining the expense recognised over the vesting period, rather than in the grant-date fair value of each right. Inputs into pricing model A B Number of Performance Rights 8,000,000 8,000,000 Grant Date 11 May 2026 11 May 2026 Underlying Share Price at Grant Date $0.215 $0.215 Expiry Date of Performance Rights 27 May 2029 27 May 2029 Probability of Non-Market Condition being achieved 100% 100% Total Fair Value $1,720,000 $1,720,000 Expense forming part of Directors remuneration for the year $77,338 $77,338 Values of performance rights over ordinary shares granted, converted and lapsed for directors and other key management personnel as part of compensation during the year ended 30 June 2026 are set out below: Name Value of performance rights granted during the year Value of performance rights converted during the year Value of performance rights lapsed during the year Remuneration consisting of performance rights for the year James Durrant $58,004 - - 14% Jeremy Robinson $29,002 - - 8% Leo Horn $9,667 - - 9% Todd Romaine $58,004 - - 13% Additional information The key performance indicators of the group over the last five years is summarised below: 2026 2025 2024 2023 2022 Loss for the year attributable to the owners of EAU Lithium Limited ($) (20,074,748) (4,418,949) (3,960,008) (2,343,366) (1,640,199) Basic earnings per share ($) (0.16) (0.049) (0.069) (0.056) (0.081) Dividend payments ($) - - - - - Dividend payout ratio (%) n/a n/a n/a n/a n/a Year-end share price 11 cents 7 cents 3.5 cents 37 cents 11 cents EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 10 Additional disclosures relating to key management personnel Shareholding in EAU Lithium Limited The number of shares in EAU Lithium Limited held during the financial period by each director and other members of key management personnel of the consolidated entity, including their personally related parties, is set out below: Balance at 1 July or Appointment Date No. Granted as remuneratio n No. Net other change No. At date of resignation No. Balance at 30 June No. Directors James Durrant1 12,562,869 - 174,079 - 12,736,948 Jeremy Robinson 9,691,691 - 2,500,000 - 12,191,691 James Bahen2 3,311,650 - 385,000 3,696,650 - Leo Horn 1,450,000 - - - 1,450,000 Todd Romaine1 12,867,098 - - - 12,867,098 39,883,308 - 3,059,079 3,696,650 39,245,737 1 Appointed 27 May 2026. Balance at appointment date includes the issuing of consideration shares to shareholders of EAU Lithium. 2 Resigned 27 May 2026 Option holding in EAU Lithium Limited The number of options over ordinary shares in EAU Lithium Limited held during the financial period by each director and other members of key management personnel of the consolidated entity, including their personally related parties, is set out below: Balance at 1 July or Appointment Date No. Granted as remuneration No. Net other change No. 3 At date of resignation No. Balance at 30 June No. Number vested at year end Directors James Durrant1 - 3,000,000 - - 3,000,000 3,000,000 Jeremy Robinson - 1,500,000 1,250,000 - 2,750,000 2,750,000 James Bahen2 - - 192,500 192,500 - - Leo Horn - 500,000 - - 500,000 500,000 Todd Romaine1 - 3,000,000 - - 3,000,000 3,000,000 - 8,000,000 1,442,500 192,500 9,250,000 9,250,000 1 Appointed 27 May 2026 2 Resigned 27 May 2026 3 Free-attaching options (1 free-attaching options for every 2 placement shares subscribed) as a part of a share placement completed in May 2026. EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 11 Performance right holding in EAU Lithium Limited The number of performance rights over ordinary shares in the company held during the financial period by each director and other members of key management personnel of the consolidated entity, including their personally related parties, is set out below: Balance at 1 July or Appointment Date No. Granted as remuneration No. Net other change No. At date of resignatio n No. Balance at 30 June No. Number vested at year end Directors James Durrant1 - 6,000,000 - - 6,000,000 - Jeremy Robinson - 3,000,000 - - 3,000,000 - James Bahen2 - - - - - - Leo Horn - 1,000,000 - - 1,000,000 - Todd Romaine1 - 6,000,000 - - 6,000,000 - - 16,000,000 - - 16,000,000 - 1 Appointed 27 May 2026 2 Resigned 27 May 2026 Other transactions with key management personnel and their related parties The Company had an agreement with Smallcap Corporate (SCC), of which Mr James Bahen is a Director, (Corporate Services Agreement). Pursuant to the Corporate Services Agreement, the SCC was appointed to provide corporate, accounting, company secretary and administrative services to the Company. During the year $118,400 (2025: $123,000) was charged in relation to providing corporate, accounting, company secretary and administrative services to the group. The agreement has been negotiated at arm’s length and contains standard commercial terms and therefore falls within the exception on section 210 of the Corporations Act. The outstanding amount as at 30 June 2026 was $nil (2025: $15,035). The Company has an arrangement with RareX Limited (RareX), of which Mr Jeremy Robinson and Mr James Durrant are directors, where RareX provides the group use of their geological service and use of its equipment. The arrangement has been negotiated at arm’s length and contains standard commercial terms. During the year the cost amounted to $Nil (2025: $Nil). Amount outstanding as at 30 June 2026 was $Nil (2025: $Nil). The company through its wholly owned subsidiary, EAU Lithium Pty Ltd, has an arrangement with RareX Limited, of which Mr Jeremy Robinson and Mr James Durrant are directors, which RareX provides consultancy services to EAU Lithium Bolivia Pty Ltd. The arrangement has been negotiated on arm’s length. No expense was recognised during the year. Amount outstanding as at 30 June 2026 was $135,548 Mr Jeremy Robinson is also a Director of Churchill SIG Pty Ltd, which provides office rent, broker and consultancy services. During the year the cost amounted to $41,789 (2025: $Nil). Amounting outstanding as at 30 June 2026 was $Nil (2025: $Nil). The Company has an arrangement with All Terrain Geology, of which Mr Leo Horn is a Director, where it provides the group geological service and use of its equipment. The arrangement has been negotiated at arm’s length and contains standard commercial terms. During the year the cost amounted to $Nil (2025: $35,920). Amount outstanding as at 30 June 2026 was $Nil. END OF REMUNERATION REPORT (AUDITED). EAU LITHIUM LIMITED | 2026 FINANCIAL REPORT Page 12 REVIEW OF OPERATIONS FINANCIAL RESULTS The financial results of the Company for the year ended 30 June 2026 are: 30/06/2026 30/06/2025 % Change Cash and cash equivalents ($) 3,759,070 681,511 453% Net assets ($) 3,538,684 3,242,660 9% Other Income ($) 13,613 4,108 224% Net loss after tax ($) 20,074,748 4,418,949 356% PRINCIPAL ACTIVITIES EAU Lithium Limited (ASX: EAU) is a Bolivia-focused lithium developer advancing the application of Vulcan Energy’s VULSORB® adsorption-type direct lithium extraction (A-DLE) technology to Bolivia’s lithium brines. Alongside its Bolivian activities, the Company holds exploration interests in Canada’s Thelon Basin, Nunavut (uranium) and at Orange East in New South Wales, Australia (gold and copper). Its shares are quoted on the ASX and Frankfurt Stock Exchange (symbol UW90). Vulcan Energy Resources is both a strategic technology partner and shareholder in EAU. The year ended 30 June 2026 marked a period of substantial progress as the Company brought together the business, technology relationships and technical capability underpinning its Bolivian strategy. Having commenced the year with an option to acquire EAU Lithium Pty Ltd, the Company completed the acquisition in May 2026, bringing EAU’s management team and Bolivian activities into the listed group. Building on EAU’s existing VULSORB® technology licence within the Vulcan Group, work during the year advanced from laboratory evaluation towards preparation for pilot-scale testing. EAU progressed its brine testing program, committed to acquire Vulcan’s A-DLE Pilot Plant 4 and ente