Announcement PDF CONTENTS CORPORATE DIRECTORY..................................................................................................................................................... 2 REVIEW OF OPERATIONS...................................................................................................................................................... 3 DIRECTORS’ REPORT.............................................................................................................................................................16 AUDITORS’ INDEPENDENCE DECLARATION ............................................................................................................. 26 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME...........27 CONSOLIDATED STATEMENT OF FINANCIAL POSITION......................................................................................29 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY...................................................................................... 30 CONSOLIDATED STATEMENT OF CASH FLOWS......................................................................................................32 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS................................................................................33 CONSOLIDATED ENTITY DISCLOSURE STATEMENT...............................................................................................70 DIRECTORS’ DECLARATION ............................................................................................................................................... 71 INDEPENDENT AUDITOR’S REPORT................................................................................................................................72 ADDITIONAL SECURITIES EXCHANGE INFORMATION ..........................................................................................77 TREK METALS LIMITED | ANNUAL REPORT 2026 2 CORPORATE DIRECTORY DIRECTORS/MANAGEMENT Andrew Reece Non-Executive Director John Young Non-Executive Director Neil Biddle Non-Executive Director Tony Leibowitz Non-Executive Chairman (resigned 30 April 2026) Derek Marshall Chief Executive Officer COMPANY SECRETARY Bermuda Apex Corporate Services Ltd. Vallis Building, 4th Floor 58 Par-la-Ville Road Hamilton HM 11 Bermuda Australia (Local Agent and Company Secretary) Russell Hardwick REGISTERED OFFICE OF INCORPORATION Trinity Hall 43 Cedar Avenue Hamilton HM 12 BERMUDA REGISTERED OFFICE – AUSTRALIA Suite 5, 2 Centro Avenue Subiaco WA 6008 AUSTRALIA Tel: +61 8 6383 7844 POSTAL ADDRESS P.O Box 1696 Subiaco WA 6904 AUSTRALIA SHARE REGISTRY Automic GPO Box 5193 Sydney NSW 2001 AUSTRALIA Tel: +61 2 9698 5414 AUDITORS Hall Chadwick WA Audit Pty Ltd 283 Rokeby Road Subiaco WA 6008 WEBSITE www.trekmetals.com.au TREK METALS LIMITED | ANNUAL REPORT 2026 3 REVIEW OF OPERATIONS The year to 31 March 2026 has been a landmark period for Trek Metals Limited (“Trek” or “the Company”), with the Company’s exploration programs delivering a significant emerging high- grade manganese discovery at the Kuro Prospect, part of the 100%-owned Christmas Creek Project in the Kimberley region of Western Australia. The Christmas Creek Project, which was acquired by Trek in October 2023, represents a district- scale exploration opportunity, associated with a major continental-scale tectonic lineament intersection. Since acquiring the project, Trek’s exploration programs have primarily focused on the potential for gold discoveries, however rock chip sampling in late 2025 returned extremely high-grade assays of up to 60.1% manganese from a newly-discovered cluster of surface manganese outcrops, interpreted to represent a large hydrothermal manganese system. This area has now been named the “Kuro Prospect”. Subsequent rock chip sampling has defined the high-grade outcropping manganese mineralisation at Kuro over a strike extent of 750 metres, with ground gravity surveys suggesting that the mineralisation could extend at depth over a much larger area. Additional surveys, including ground gravity, Gradient Array Induced Polarisation (GAIP) and Dipole-Dipole Induced Polarisation (DDIP), are now planned to refine key targets for initial drilling. In light of the discovery, Trek Metals has since secured two belt-scale manganese exploration projects surrounding Kuro, further strengthening its strategic position in this emerging manganese province. Trek’s total exploration landholding in the district now stands at ~7,040km². In addition to the manganese discovery, Trek’s exploration programs at Christmas Creek also delivered additional high-grade gold results from the Martin Prospect. Outside Christmas Creek, discussions with Traditional Owners representatives continued during the year to negotiate access to the McEwen Hills Niobium Project in the Northern Territory, exploration of the Jimblebar Ni-Cu-PGE Project continued under the Earn-In Agreement with DevEx Resources (ASX: DEV) and the Company completed the divestment of the South Woodie Woodie (previously Hendeka) Manganese Project to AE Fuels Corporation. During the reporting period, the Company successfully raised $19.5 million (before costs) across three capital raisings to accelerate exploration at the Christmas Creek Project and for general working capital. TREK METALS LIMITED | ANNUAL REPORT 2026 4 CHRISTMAS CREEK PROJECT (KIMBERLEY, WESTERN AUSTRALIA) Located south-west of Halls Creek, the Christmas Creek Project comprises a previously unexplored, largely concealed district-scale exploration opportunity in the Kimberley region of WA associated with major continental-scale tectonic lineament intersections (Figure 1). Trek completed the acquisition of the Christmas Creek Project, which was previously part of Newmont Exploration Pty Ltd’s (Newmont) global exploration portfolio, in late 2023, and has since secured additional tenement applications to expand its tenure. Exploration at the Christmas Creek Project during the reporting period delivered a high-grade manganese discovery at the Kuro Prospect, with the Project also offering outstanding prospectivity for gold, base metals, and rare earth mineralisation. Figure 1: Continental-scale context and location map for the Christmas Creek Project, located at the intersection of G3 and G5 metallogenic lineament corridors, potentially representing the intersection of the Granites-Tanami Orogen & the Halls Creek Orogen. TREK METALS LIMITED | ANNUAL REPORT 2026 5 Manganese rock chip sampling program During the reporting period, the Company undertook rock chip sampling across a cluster of very high-grade manganese outcrops (Figure 2), with exceptionally high manganese grades confirming the commercial potential and significance of the find. This discovery has now been named the “Kuro Prospect”. Since its discovery in November 2025, systematic rock chip sampling at the Kuro Prospect has returned exceptionally high-grade manganese (Mn) assays of up to 60.1% Mn, with an average result of 50% Mn (https://trekmetals.com.au/announcements/7326226). The mineralised outcrop has been mapped over 750 metres of strike before disappearing beneath recent sand cover. The system is interpreted to represent a hydrothermal manganese system analogous in style to the world-class Woodie Woodie manganese deposits of Western Australia. The key question now is to establish the extent of the mineralised system beneath cover, a question the Company intends to answer rapidly through geophysics and drilling. The manganese mineralisation observed at surface has a very high density, with an average of 4.03g/cm3 , which in significant volumes could present as a gravity high feature. Ground Gravity Survey Trek completed a high-resolution ground gravity survey over this new high-grade manganese (Mn) discovery. The tightly spaced ground gravity survey station spacing of 40m x 40m was completed by Atlas Geophysics, with data processing and interpretation carried out by Resource Potentials Pty Ltd. Processing and interpretation of the ground gravity data has outlined strong, coherent residual gravity anomalies directly coincident with the mapped high-grade manganese outcrops. This validates earlier petrophysical work, confirming that the exceptionally dense manganese oxide minerals observed at surface (likely cryptomelane and psilomelane) may produce a clear and measurable positive gravity anomaly response directly below and to the west, indicating a potential westward dip to a manganese target system (Figure 2). Importantly, the gravity anomaly contours define two, high-density body trends extending beneath the two main Mn outcrop clusters, and these anomaly trends are interpreted as forming substantial accumulations of manganiferous material at depth and represent high- priority drill targets. The geometry of the gravity anomalies also reveals two distinct structurally controlled corridors forming interpreted fault zones in a possible folded sequence of dolomite under the sand cover, suggesting that structural pathways have potentially played a key role in localising Mn mineralisation, a feature that provides valuable context for future drill targeting and supports Trek’s initial hydrothermal model for the genesis of the Mn mineralisation. In addition, the gravity anomalism extends significantly beyond the limits of the exposed Mn mineralisation, with two separate anomaly zone trends interpreted to exceed 1km each. This indicates that the potential manganese system at Christmas Creek may be considerably larger than the 750 metres of currently mapped high-grade outcrops. Collectively, these outcomes represent a major advancement in defining high-priority drill targets and significantly enhance the scale potential of the new manganese discovery. TREK METALS LIMITED | ANNUAL REPORT 2026 6 In May 2026, Trek was awarded a co-funded geophysical survey grant as part of the Western Australian Government’s Exploration Incentive Scheme (EIS) to undertake additional ground gravity surveying. The planned survey, primarily used to identify buried manganese mineralisation, will aim to extend the survey completed last year that defined large density features at Kuro. Petrophysics – Electrical Properties of the Kuro Manganese Samples Petrophysical testing was commissioned by Trek and completed by Terra Petrophysics on seven rock chip samples collected from the Kuro discovery area during the field program completed in late 2025. All seven samples underwent measurement of key electrical, magnetic and physical properties relevant to geophysical exploration. The data demonstrates a strong and remarkably consistent electrical signature across all the samples: • Chargeability: anomalously high values of 484-642 mV/V across all seven samples • Galvanic resistivity:very low values of 2-4 ohm-metres (Ωm) across all seven samples • Inductive Conductivity: highly variably values, with three samples having no measurable conductivity and the other four returning elevated values of 19-36 S/m • Dry Bulk Density: high to very high values of 3.31-4.47 g/cm3, consistent with high- grade manganese mineralisation Table 1: Key physical and electrical properties, along with the addition of recent assay results, of rock chip samples taken for petrophysical analysis from the Kuro Prospect Implications for Geophysical Surveying The strong and consistent chargeability response across all seven Kuro samples, combined with low resistivity, confirms that the mineralisation should be highly responsive to Induced Polarisation (IP) geophysical surveys. IP surveying detects the electrical chargeability contrast and is a well-established technique for mapping sulphide- and oxide-bearing mineralisation sub-surface. TREK METALS LIMITED | ANNUAL REPORT 2026 7 Critically, the electrical and physical properties of the sampled manganese mineralisation at Kuro provide a clear geophysical contrast relative to the typical sedimentary host rocks of the Christmas Creek area. This underpins the Company’s confidence that IP and additional gravity surveying will be effective tools for detecting subsurface extensions to the mineralised system. Final results from the helicopter-borne electromagnetic (EM) and magnetic surveying have been received, with data incorporated into the working models. No significant EM response was observed over the Kuro Prospect, however given the highly variable Inductive Conductivity values (including three samples with no response) in the petrophysical test work, these results are not unexpected. Planned Induced Polarisation Survey Program Following these positive results, Trek has designed a two-stage IP survey program: • Stage 1 – Gradient Array Induced Polarisation (GAIP): A survey grid will be completed over the Kuro discovery area and along strike to screen for potential extensions of the mineralised system beneath sand and alluvial cover. The GAIP method is an effective technique for rapidly prioritising areas of IP anomalism across a broad survey area. • Stage 2 – Dipole-Dipole IP (DDIP): Detailed DDIP lines will be completed over priority GAIP anomalies to provide additional depth information and better constrained targets for drill testing. Figure 2: Petrophysical sample locations, highlighting high chargeability results across the Kuro Prospect area, showing planned GAIP survey area and example DDIP lines. Background coloured imagery is ground gravity data (with hot colours indicating dense material – interpreted to represent manganese mineralisation), black polygons are interpreted manganese outcrop, and dots with Mn% callouts are rock chip sample locations. TREK METALS LIMITED | ANNUAL REPORT 2026 8 Drilling – RC contract awarded Trek has awarded the Reverse Circulation (RC) drilling contract at Christmas Creek to Precision Exploration Drilling (PXD), an experienced contractor with a strong track record in the region, including undertaking Trek’s 2025 drilling program at the Project. The initial program will target the interpreted down-dip and along-strike extensions of the high-grade surface mineralisation, including the significant gravity anomalism recently defined in high-resolution ground gravity surveying. Drilling is expected to commence in late May 2026, subject to the successful completion of a cultural heritage clearance survey. Expansion of Tenure During the reporting period, Trek secured two belt-scale manganese exploration projects surrounding its high-grade Kuro manganese discovery, further strengthening its strategic position in this emerging manganese province. The Company lodged applications for 12 new exploration tenements in the south-east Kimberley-Tanami region comprising 1,732 graticular blocks covering approximately 5,608km², significantly expanding the Company’s manganese-focused land position. Following these applications, Trek’s total consolidated landholding in the region has increased to approximately 7,040km² (2,200 graticular blocks), establishing a district-scale footprint. The newly-applied tenure secures regionally extensive Proterozoic marine sedimentary sequences along interpreted basin margins, considered favourable for large-scale sedimentary-hosted and hydrothermally upgraded manganese systems. Combined with Trek’s existing ground, the Company now controls two emerging belt-scale project areas within an under-explored Proterozoic basin setting. The region has seen limited systematic modern exploration despite favourable geological architecture and confirmed manganese occurrences, including the recently discovered high- grade Kuro Prospect which forms part of Trek’s existing Christmas Creek Project. TREK METALS LIMITED | ANNUAL REPORT 2026 9 Figure 3: Trek’s existing Christmas Creek Project tenure (in red) and the newly applied exploration tenure (in blue), demonstrating two continuous belt-scale project areas within the Kimberley-Tanami region, over Google Maps imagery. Gold and Copper-Gold Exploration During the reporting period, Trek completed an expanded Phase 2 Reverse Circulation and diamond drilling program at Christmas Creek, with a total of 10,169.4 metres drilled across 75 holes. The drilling tested multiple large-scale targets for different mineralisation styles, including orogenic gold at the Martin, Zahn and Turner targets, and intrusion-related copper- gold at Coogan, Brockhurst and Jobs. Assay results from the Martin Prospect successfully extended the zone of high-grade mineralisation intersected in 2024, with results including: • 4m @ 14.18g/t Au from 43m in hole 25XCRC001, including 2m @ 27.95g/t Au; • 3m @ 6.17g/t Au from 94m in hole 25XCRC005, including 2m @ 9.20g/t Au; and • 3m @ 2.15g/t Au from 78m in hole 25XCRC003 Two diamond holes were completed at Martin as twins to two previously drilled Reverse Circulation (RC) drill-holes 24XCRC097 (ASX: TKM 31st October 2024) and NEWXCRC015 (ASX: TKM 11th October 2023). TREK METALS LIMITED | ANNUAL REPORT 2026 10 These previously reported RC holes returned the following intercepts: • 10m at 12.66g/t Au from 59m and 10m at 7.34g/t Au from 94m in hole 24XCRC097 • 4m @ 1.22g/t Au from 8m, 27m @ 0.26g/t Au from 87m, and 3m @ 2.03g/t Au from 137m in hole NEWXCRC015 Assay results from the two twin holes included: • 0.3m @ 34.5g/t Au from 45.9m in hole 25XCDD001 • 4.9m @ 1.57g/t Au from 89.1m in hole 25XCDD001 • 5.3m @ 2.12g/t Au from 96.0m in hole 25XCDD001, inc. 3.1m @ 3.53g/t Au from 97m • 9.3m @ 1.95g/t Au from 41.6m in hole 25XCDD002, inc. 0.9m @ 12.85g/t Au from 41.6m • 1.5m @ 4.02g/t Au from 149m in hole 25XCDD002, inc. 0.5m @ 11.3g/t Au from 150m • 2.3m @ 2.95g/t Au from 155.2m in hole 25XCDD002 Outside of the Martin Prospect, step-out RC drilling at Zahn returned significant intercepts in several holes, correlating well with the interpreted mineralised contact which remains largely untested over a multi-kilometre scale. Diamond drilling was also completed to test target areas at Coogan and Brockhurst. The previously individually identified targets of Coogan, Brockhurst and Jobs are now interpreted to represent elements of a single mineralising system, interpreted as a very large intrusion- related copper-gold system. In May 2026, Trek was awarded a co-funded geophysical survey grant as part of the Western Australian Government’s Exploration Incentive Scheme (EIS) to undertake a sub-audio magnetics (SAM) survey to define major structures controlling gold mineralisation at the Martin Prospect. TREK METALS LIMITED | ANNUAL REPORT 2026 11 Figure 4. Cross-section oriented North-South (view West) showing previous and new significant intercepts, location of visible gold observed in recent core hole 25XCDD002 and interpreted gold bearing vein network. The gold system is interpreted to be open at depth and along strike, with significant upside potential. Figure 5. Martin Prospect plan view showing drill collars, traces, significant intercepts, and drill cluster around previously reported high grade results in 24XCRC097 and NEWXCRC015. The section line and clip for the section provided as Figure 2 is also highlighted. TREK METALS LIMITED | ANNUAL REPORT 2026 12 MCEWEN HILLS NIOBIUM PROJECT (WEST ARUNTA, NORTHERN TERRITORY) Trek secured the highly prospective McEwen Hills Niobium Project in late 2023, located in the heart of the West Arunta Critical Minerals Province. The continued success of WA1 Resources in defining the scale of their Luni Niobium discovery along strike from Trek’s McEwen Hills Project highlights the potential of the province, and more recently Encounter Resources have also been having exploration success in the region. Figure 6: Magnetic imagery highlighting the continuity of the geology across the state border, with the Luni & Crean Nb carbonatite discoveries of WA1 & ENR on the Western Australian side, and Trek’s McEwen Hills Project (ELA33191) on the Northern Territory side, of the West Arunta Critical Minerals Province. The tenement application area is located within freehold aboriginal lands of the Lake MacKay Aboriginal Land Trust and is administered by the Central Land Council. Access and exploration for gold has previously been completed by Tanami Gold NL, Normandy Gold Exploration (later Newmont) and ABM Resources, so there is a precedent for access to the land. Trek attended an on-country meeting with the Traditional Owners of the land underlaying its tenement application ELA33191 in May 2024. Meeting members of the Lake MacKay Aboriginal Land Trust in Nyirripi, Northern Territory, represents an important step in thenegotiation process and is essential for the grant of the tenement to occur. The Company is in the process of negotiating an access agreement with the Central Land Council. JIMBLEBAR NICKEL-COPPER-PGE PROJECT (PILBARA, WESTERN AUSTRALIA) DevEx Resources (ASX: DEV) is exploring the Jimblebar Project as part of an Earn-in Agreement with Trek. During the reporting period, DevEx subsidiary Green Critical Resources Pty Ltd (GCR) exercised the Earn-In option for a 75% Joint Venture (“JV”) interest by sole funding exploration expenditure of not less than A$3,000,000 on the Tenements within 5 years. If GCR earns its 75% JV interest, Trek will be free carried for its share of JV expenditure until the completion of a Bankable Feasibility Study. The project comprises over 200km2 of granted tenements adjacent to known occurrences of copper sulphide mineralisation at the Copper Knob prospect and chromite at the historical Coobina chromite mine, on the northern margin of the Silvania Dome in Western Australia. TREK METALS LIMITED | ANNUAL REPORT 2026 13 CORPORATE Capital Raisings Trek Metals completed three strongly supported capital raisings during the reporting period, raising a total of A$19.5 million before costs. In April 2025, Trek raised $3.5 million (before costs) through the issue of 65 million fully-paid ordinary shares at an issue price of $0.05 per Share to existing and new professional and sophisticated investors, to raise a total of $3.25 million (Tranche One). In addition, Directors Tony Leibowitz and John Young participated for a total of $0.25 million on the same terms as Tranche One in a second tranche that was approved by shareholders on 4 July 2025 (Tranche Two). In November 2025, Trek raised $1.0 million (before costs) through the issue of approximately 17.543 million fully-paid ordinary shares at an issue price of $0.057 per Share to existing and new professional and sophisticated investors. In February 2026, Trek raised $15 million (before costs) to underpin a major upcoming drilling program at the new Kuro manganese discovery at Christmas Creek and for general working capital purposes. The capital raising comprised a Share Placement of 90.33 million fully-paid ordinary shares in the capital of the Company at an issue price of $0.15 per Share to existing and new professional and sophisticated and institutional investors, to raise a total of $13.55 million (Tranche One). In addition, Directors committed to participate for a total of $1.45 million on the same terms as Tranche One in a second tranche that was approved by shareholders on the 8th April 2026 (Tranche Two). The Placement was strongly supported by both existing and new shareholders and resulted in the introduction of a number of prominent Australian institutional investors to the Company’s share register for the first time. Alpine Capital Pty Ltd acted as Sole Lead Manager to the Placement, and, as part of their mandate, were issued 7.86 million unlisted share options exercisable at $0.225, expiring on 24th February 2028. Director appointment As part of the November 2025 placement outlined above, the Company entered into a Subscription Agreement with Queensland-based mining investor and businessman Andrew Reece who made a cornerstone $500,000 investment and was appointed to the Trek board as a Non-Executive Director. Mr Reece brings extensive commercial and executive leadership experience, having previously co-founded Inspect Real Estate and served as its Chief Executive Officer. He has a proven track record in building high-growth businesses, implementing fast-track strategic frameworks, and guiding organisations through periods of expansion and operational transformation. Subsequent to the end of the reporting period, Mr Reece has been appointed as Trek’s Chairman, succeeding Mr Tony Leibowitz as part of a planned board succession process. TREK METALS LIMITED | ANNUAL REPORT 2026 14 EIS Co-funding Grant Trek Metals was successful in securing WA Government Exploration Incentive Scheme (“EIS”) co-funding in 2025, with a co-funded drilling grant of up to $180,000 secured for drilling at the Martin and Zahn Prospects at Christmas Creek. Divestment of non-core South Woodie Woodie (formerly Hendeka) Project In September 2024, Trek entered into an option and acquisition agreement (“Option Agreement”) with Advanced Energy Fuels, Inc. (“AEF”) over Trek’s Hendeka Manganese Project in the Pilbara region of Western Australia. The Option Agreement gave AEF an option to acquire the Hendeka Project as part of a proposed North American listing and by making certain payments and sole funding A$2 million of exploration and development expenditures. On 19 December 2025, Trek received an Option Exercise Notice from AEF, which has also completed a reverse takeover of Cavalry Capital Corp (TSXV: CVY.P), under which Cavalry received conditional approval for a Qualifying transaction to meet the listing requirements for a Tier-2 mining issue under the Canadian TSX Venture Exchange. Settlement was completed on 29 December 2025 with the TSXV-listed company renamed AE Fuels Corporation (TSXV: AEF.P). Upon settlement, Trek received A$450,000 in cash and holds a total of 8,000,000 shares in AEF which represents approximately 19.31% of the undiluted ordinary shares of AEF. Trek CEO Derek Marshall has also joined the board of AEF as a Non-Executive Director. Divestment of non-core Pincunah Project Trek Metals signed a tenement sale and purchase agreement with Kairos Minerals Limited (ASX: KAI) for the sale of its non-core Pincunah gold and base metals project, located in the Pilbara region of Western Australia. The divestment of the Pincunah Project, which adjoins Kairos’ 1.4Moz Mt York Gold Project, is consistent with Trek’s strategy to actively manage its exploration portfolio and focus capital and management attention on its flagship Christmas Creek Gold and Manganese Project in the Kimberley region. Under the terms of the agreement, Trek will receive the following consideration: • $100,000 in cash on settlement; • $100,000 in KAI shares based on the 20-day VWAP; and • $200,000 in KAI Performance Rights based on the 20-day VWAP with a 5-year term that will vest upon KAI announcing a Mineral Resource estimate in accordance with the JORC Code (with a classification of Inferred or better) of at least 50,000 ounces at a grade equal to or greater than 1g/t of gold. Completion of the sale is subject to customary conditions precedent, including both parties obtaining all third-party approvals, consents and waivers and executing any required Deeds of assignment and assumptions in relation to any Third-Party agreements. Settlement is expected to occur during the June 2026 quarter. The tenements that are subject to the sale agreement are: E45/4640, E45/4909, E45/4917, E45/6664 and E45/6240-Application. TREK METALS LIMITED | ANNUAL REPORT 2026 15 FINANCIAL REVIEW The group began the year with $1,697,383 in cash and ended the year with $14,496,339 in cash. During the year the company expended $3,373,852 (2025: $2,566,811) on Exploration and Evaluation expenditure that was capitalised during the year. The Group incurred a loss for the year of $8,403,415 (2025 Loss: $3,422,863). Significant expenditure items during the period include: − Exploration and evaluation expense of $720,691 (2025: $218,369); − Exploration and evaluation impairment of $3,705,736 (2025: $2,568,235) − Loss on disposal of subsidiary of $2,059,944 (2025: Nil); − Directors’ salaries and Consulting Fees of $396,781 (2025: $325,250); and − Share based payments of $812,573 (2025: $359,798). Subject to the disclosures elsewhere in this report, the Directors believe the Group is in a strong financial position to continue to explore Christmas Creek and other projects and to identify new opportunities within the resources sector. Lastly, I would like to thank our staff, consultants, and stakeholders for their continued dedication and support of the Company. I look forward to advancing the Christmas Creek gold and manganese project and delivering value for shareholders. Derek Marshall Chief Executive Officer 1 June 2026 COMPETENT PERSONS STATEMENT The information in this report relating to Exploration Results is based on information compiled by the Company’s Chief Executive Officer, Mr Derek Marshall, a Competent Person, and Member of the Australian Institute of Geoscientists (AIG). Mr Marshall has sufficient experience relevant to the style of mineralisation and to the type of activity described to qualify as a competent person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.” Mr Marshall has disclosed that he holds or controls Shares and Performance Rights in the Company. Mr Marshall consents to the inclusion in this announcement of the matters based on his information in the form and content in which it appears. TREK METALS LIMITED | ANNUAL REPORT 2026 16 DIRECTORS’ REPORT The Directors present their report and the audited financial statements of Trek Metals Limited (“TKM”, “Trek” or the “Company”) and its controlled entities (“Group”) for the year ended 31 March 2026. PRINCIPAL ACTIVITIES The principal activities of the Company and its subsidiaries (“the Group”) are to progress the exploration of its mineral properties and to identify suitab