Announcement PDF ASX Announcement Page 1 of 3 Ground Floor, 40 Kings Park Road West Perth WA 6005 T: +61 (0)8 9481 2344 ABN: 61 119 966 353 19 October 2026 ASIC GRANTS NTU EXTENSIONS OF TIME TO HOLD 2025 AND 2026 AGMS Australian heavy rare earths-focussed company, Northern Minerals Limited (ASX: NTU) (Northern Minerals or Company) refers to its announcement dated 13 August 2026, in which it disclosed that the Australian Securities and Investments Commission (ASIC) had granted relief pursuant to section 250P of the Corporations Act 2001 (Cth) (Corporations Act) to further extend the period by which it is required to hold the 2025 annual general meeting (2025 AGM) (the Extension Instrument). Under the terms of the Extension Instrument, the Company was previously required to hold the 2025 AGM by no later than 30 November 2026 or within 42 business days of being formally notified by Treasury that it considered the Foreign Acquisitions and Takeovers (Disposal of Interests in Northern Minerals Limited) Orders (No. 1) 2026 made by the Federal Treasurer on 17 May 2026 (May 2026 Disposal Orders) had been fully complied with, whichever was earlier. On 30 September 2026, the Company announced that the 2025 AGM and its 2026 annual general meeting (2026 AGM) would be held on 25 November 2026, unless otherwise deferred. The Company announces that ASIC has granted further relief to the Company pursuant to section 250P of the Corporations Act to extend the period by which it is required to hold its 2025 AGM and the 2026 AGM (together, the March 2027 Extension Instruments). Under the terms of the March 2027 Extension Instruments, the Company must hold: • the 2025 AGM by 31 March 2027 or within 42 business days of being formally notified by Treasury that it considers the May 2026 Disposal Orders have been fully complied with, whichever is earlier; and • the 2026 AGM by 31 March 2027 or within 42 business days of being formally notified by Treasury that it considers the May 2026 Disposal Orders have been fully complied with, whichever is earlier. By way of summary, the Company considers the March 2027 Extension Instruments are needed to: • assist in ensuring that the disposals pursuant to the May 2026 Disposal Orders (which were required to be completed by 2 July 2026) are completed prior to the holding of the 2025 AGM and the 2026 AGM; and • following suspected non-compliance with the May 2026 Disposal Orders, continue to provide Treasury and the Company a reasonable period of time to assess whether the May 2026 Disposal Orders have been complied with, including the requirement to dispose of the interests in the shares "to one or more persons who are not associates", prior to the holding of the 2025 AGM and the 2026 AGM. As at the date of this announcement, the Company has not received formal notification from Treasury that it considers the May 2026 Disposal Orders have been fully complied with. Page 2 of 3 Ground Floor, 40 Kings Park Road West Perth WA 6005 T: +61 (0)8 9481 2344 ABN: 61 119 966 353 The 2025 AGM and the 2026 AGM will no longer be held on 25 November 2026. The Company intends to convene the 2025 AGM and the 2026 AGM to be held on or before the date required by the March 2027 Extension Instruments. The Company will communicate the proposed dates of the 2025 AGM and the 2026 AGM to shareholders in a further ASX announcement in due course. Finally, the Company notes that, if any shareholder has any questions about the March 2027 Extension Instruments, they can send an email to info@northernminerals.com.au. This announcement has been authorised for release by the Board of Northern Minerals Limited. For further information: Northern Minerals Shane Hartwig – Managing Director +61 8 9481 2344 info@northernminerals.com.au For media enquiries: Peter Klinger +61 411 251 540 pklinger@purple.au Page 3 of 3 Ground Floor, 40 Kings Park Road West Perth WA 6005 T: +61 (0)8 9481 2344 ABN: 61 119 966 353 About Northern Minerals Northern Minerals Limited (ASX: NTU) (Northern Minerals or the Company) owns 100% of the Browns Range Heavy Rare Earths Project in the East Kimberley region of Western Australia (the Project). The Project’s deposits are uniquely rich in the heavy rare earth elements dysprosium (Dy) and terbium (Tb). Dysprosium and terbium are critical in the production of dysprosium neodymium iron-boron (DyNdFeB) magnets used in clean energy, military, and high technology solutions. Dysprosium and terbium are prized because their unique properties improve the durability of magnets by increasing their resistance to demagnetisation. The Project’s flagship deposit is Wolverine, which is thought to be the highest-grade dysprosium and terbium ore body in Australia. The Company is preparing to bring Wolverine into production with the objective of providing a reliable alternative source of dysprosium and terbium to production sourced from China. With the completion of the Browns Range Heavy Rare Earth definitive feasibility study, the Company is now progressing project funding discussions to enable the construction of a commercial-scale operation focused on mining and beneficiating ore from the Wolverine deposit, for delivery to Iluka Resources’ (ASX: ILU) under-construction rare earths refinery at Eneabba, also in Western Australia. In addition to Wolverine, Northern Minerals has several additional deposits and prospects within the Project that contain dysprosium and other heavy rare earth elements, hosted in xenotime mineralisation. For more information, please visit northernminerals.com.au.