Quarterly Activities/Appendix 5B Cash Flow Report

Asian Battery Metals PLC’s December 2025 quarterly report highlights major exploration advancements, a $6 million capital raise, and robust cash reserves, positioning the company for continued growth in 2026.

<ul><li>Achieved excellent metallurgical results at the Oval Cu-Ni-PGE project, with copper recoveries of 89–95% across composite samples.</li><li>Significant extensions of mineralisation at both the Oval Cu-Ni-PGE and Maikhan Uul Cu-Au projects following successful drilling programs; high-grade copper and gold zones confirmed.</li><li>Completed an equity placement raising $6 million (before costs), closing the quarter with $5.97 million in cash and securing funding for upcoming exploration and acquisition activities.</li><li>Ongoing ESG progress, including local community support initiatives and environmental compliance across all exploration sites.</li><li>Outlook for Q1 2026 includes updated 3D modelling, advancement of the Maikhan Uul acquisition, and further lithium and graphite project activities.</li></ul>

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Quarterly Activities/Appendix 5B Cash Flow Report