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November 21, 2025

Cobalt Refinery Project Update

In response to evolving market conditions, we have refined several key project parameters—most notably our feedstock sources, product mix (cobalt sulphate + cobalt metal), and underlying economic assumptions. These revisions have delivered a substantial improvement in the Project’s base-case (Stage 1) financial outcomes: NPV8 (post tax): increased from A$90m to A$155m IRR (post tax): increased from 23% to 32% Total free cashflow: increased from A$367m to A$503m We also provide a detailed analysis of cobalt market dynamics, highlighting a materially improved operating environment for refining.

November 21, 2025

Business

Jetstar offers Qantas Frequent Flyers a new way to supercharge their earning power

Jetstar has launched a new loyalty product exclusive to Club Jetstar members, enabling Qantas Frequent Flyers to unlock significantly more Qantas Points and up to 75 bonus Status Credits annually when flying with the low-fares carrier. By signing up to Qantas Frequent Flyer Extra, members will earn points across all eligible Jetstar fares, including Starter Fares for the very first time. This allows travellers to make the most of Jetstar’s growing network and low prices while still earning valuable rewards. Members can earn up to an additional 1300 Qantas Points and ten Status Credits per international flight and 725 Qantas Points and five Status Credits per domestic flight within Australia, New Zealand and Japan.* Status Credits help members reach or retain their Frequent Flyer status for traveller perks, while Qantas Points can be used to book reward seats on Qantas, Jetstar or partner airlines, request flight upgrades, to book flights on Jetstar.com using Points Plus Pay or shop via the Qantas Marketplace. Jetstar CEO, Stephanie Tully, said the new product is expected to see members earn millions more Qantas Points each year. “We're making flying with Jetstar even more rewarding by supercharging the earning power of Qantas Frequent Flyers when they travel with us – so they can take off more for less. “Qantas Frequent Flyer Extra is the perfect way to get the best of both worlds – Jetstar's famous low fares and extensive leisure network while accruing highly valued Qantas Points and Status Credits across all flights.” Qantas Frequent Flyer - Bronze member examples: Qantas Frequent Flyer Extra pricing Qantas Frequent Flyer Extra is available for an annual fee of $199. To take advantage of this offer, Qantas Frequent Flyers also need to be a member of Club Jetstar which has a yearly $65 membership fee, or $55 for renewal. (Total yearly cost $254-$264). Last financial year, Club Jetstar saved customers $44 million in travel with discounted fares, early access to Jetstar sales and 20 per cent off checked bags and seat selection. More rewards on Jetstar From next year, Frequent Flyers will also be able to use their Qantas Points to upgrade to Business on Jetstar international flights. This coincides with a major revamp of Jetstar’s Boeing 787 Dreamliner fleet, which will more than double Jetstar Business capacity on some international routes from 21 to 44 seats. Earlier this year, the number of points required to book a short-haul Classic Reward seat on Jetstar was reduced to 5,700 points, helping members book their next getaway faster. This has seen a 17 per cent increase in reward seat bookings on popular domestic routes like Sydney to Melbourne, Sydney to Gold Coast, and Melbourne to Adelaide. *Members can earn up to a maximum of 75 Status Credits per Qantas Frequent Flyer Membership Year. ^You must be a Club Jetstar member to purchase the Qantas Frequent Flyer Extra and also be a Qantas Frequent Flyer to receive the benefits of this Extra. Only Jetstar (JQ) and Jetstar Japan (GK) flights booked on jetstar.com or through the Jetstar app, including flights purchased using Points Plus Pay, are eligible for Qantas Frequent Flyer Extra benefits. Bookings made via qantas.com, including Classic Flight Rewards, or through any other booking channel are not eligible. Benefits apply only to the logged in Club Jetstar member who at the time of booking and flying is also a Qantas Frequent Flyer Extra member and has entered their Qantas Frequent Flyer number on their booking. All additional passengers on the same booking will not be eligible for Qantas Frequent Flyer Extra benefits. Visit the Qantas Frequent Flyer Extra page for more details.

November 21, 2025

Business

“We Are Here WITH You” – How Berjaya Sompo is Demystifying Insurance Claims for MSMEs

According to Teh Yau Kun , Chief Claims Officer at Berjaya Sompo Insurance Berhad (Berjaya Sompo) , much of that anxiety stems from misunderstanding how insurance works — and what actually affects the outcome of a claim. “One of the most common misconceptions among business owners is that insurance companies always find ways not to pay,” Teh explained. “Some believe insurers intentionally delay claims by repeatedly asking for documents or that settlements are based on arbitrary percentages. This misunderstanding often leads to the temptation to inflate claims, which only complicates things further.” The Root of Misconceptions That perception — that “insurance companies always find ways not to pay” — is deeply ingrained in public sentiment. Teh believes it often comes from second-hand stories rather than first-hand experience. “Many of these stories come from peers or family members whose claims were denied, but without the full context,” he said. “Most people don’t fully understand their policy terms, exclusions, or what actually led to the rejection.” He emphasised that clarity and communication can make all the difference. To improve claim outcomes, businesses should focus on three key practices: Understand the policy – Review coverage regularly, especially conditions, warranties, and exclusions. Engage with intermediaries such as agents or brokers to clarify uncertainties. Maintain documentation – Keep proper records such as purchase invoices, photographs, or videos of insured property, and store digital backups. Be transparent —provide honest, timely disclosures throughout the claims process to ensure a fair and efficient assessment. “Transparency builds trust,” Teh added. “When all information is presented clearly from the start, the process moves much more smoothly.” Regular reviews ensure the sum insured reflects the true replacement value of assets, protecting businesses from unnecessary shocks. The Hidden Risk of Underinsurance While most MSMEs understand the importance of insurance, many underestimate the consequences of underinsurance — when the sum insured doesn’t reflect the actual value of their assets. “Underinsurance often happens because business owners forget to review their coverage or deliberately declare a lower sum insured to save on premiums,” Teh shared. When a loss occurs, insurers apply the principle of average — meaning the payout is proportionate to the declared value. The formula is: Sum Insured ÷ Actual Value × Loss = Compensated Amount “If your factory is insured for RM6 million but is actually worth RM10 million, you’ll only receive 60% of your claim,” he illustrated. Teh recalled a real case involving a factory rented to multiple tenants. After a fire destroyed the building, it was discovered that the insurance only covered 60% of the reconstruction cost. “The owner had to bear the remaining 40%. On a RM10 million reconstruction, that’s RM4 million out of pocket,” he said. His advice is simple: view premiums as risk protection, not an expense. Regular reviews ensure the sum insured reflects the true replacement value of assets, protecting businesses from unnecessary shocks. “Reviews should be done when there is a significant change in risks, not just during annual policy renewal, to ensure that the business is adequately insured,” he added. Business Interruption, The Often-Missed Coverage Even among insured businesses, Teh pointed out a recurring oversight — the absence of Business Interruption (BI) coverage. “Many businesses focus on insuring physical assets but forget about the income loss that follows,” he said. “Without BI coverage, when a fire halts production, the loss of profit can cripple operations — especially for those with tight cash flow.” Why Claims Get Delayed or Rejected Not all claims are denied due to policy exclusions. In many cases, the problem lies in missing records or poor communication. “Some business owners fail to maintain proper documentation,” Teh said. “When records are incomplete or inconsistent, it delays the assessment process.” Others avoid engaging with loss adjusters, assuming the process will resolve itself. Worse still, a small minority may attempt to falsify documents to support their claim — a serious mistake that can lead to full rejection. Teh offered practical guidance to prevent these pitfalls: Keep organised and accurate records at all times. Notify your insurer immediately after any loss. Engage openly with the appointed loss adjuster and provide truthful details. If certain documents are unavailable, communicate early to find acceptable alternatives. The Berjaya Sompo Claims Experience – Transparent, Measured, and Monitored Berjaya Sompo has made transparency a central pillar of its claims philosophy. “We’ve published our Claims Service Charter on our website, from acknowledgement to final payment,” Teh said. “It’s our public commitment to deliver efficient and transparent service.” The company monitors compliance with its charter monthly, and Teh shared that Berjaya Sompo currently achieves a 92% compliance rate across its four key service pillars — insurance made accessible; knowing our customers; timely, transparent and efficient service; and fair, timely and transparent claims settlement process. To further enhance transparency, Berjaya Sompo has outlined the end-to-end claims process online , including turnaround times for each stage. Policyholders can track their claim status in real time via multiple platforms — the corporate website , the MySompo mobile app , and agent portals . “Whether it’s a claim or a policy renewal, we want customers to know exactly what’s happening and when,” Teh assured. This interview was originally published in Malaysia SME®

November 20, 2025

Travel & Leisure

Mandarin Oriental Hyde Park, London Unveils 'The Jewel of the Season With De Beers London' – A Celebration of Unseen Craftsmanship This Festive Season

Mandarin Oriental Hyde Park, London is delighted to announce its festive partnership with De Beers London, presenting The Jewel of the Season with De Beers London , an immersive celebration of artistry, heritage, and craftsmanship at one of London's most iconic addresses. This season, the hotel's lobby transforms into The Enchanted Lotus Bar , a dazzling space designed in collaboration with the renowned jewellers. The champagne and caviar bar draws its inspiration from the Lotus flower — a signature motif of De Beers Enchanted Lotus collection. The space is a celebration of design artistry, where form, craftsmanship, and luxury converge. The result is a space that captures the spirit of the festive season — sophisticated, sculptural, and beautifully designed. The Enchanted Lotus Bar serves a curated selection of exceptional champagnes, including Ruinart, Krug, and Dom Pérignon – paired with King's Caviar. Every detail within the space reflects a shared dedication to unseen craftsmanship and timeless beauty, the hallmarks of both Mandarin Oriental and De Beers London. Guests are invited to extend their experience beyond Knightsbridge with an exclusive private appointment at De Beers' Bond Street flagship boutique. The Jewel of the Season private appointment offers a rare insight into the craft, history, and artistry behind De Beers' iconic diamonds, guided by their expert team. Back at The Rosebery , Christmas celebrations continue with the De Beers London Festive Afternoon Tea, a culinary homage to craftsmanship. The menu is inspired by the unique origin of the De Beers house, quintessentially British with roots in southern Africa; from Smoked Salmon & Rooibos Mackerel Pâté to Warm Christmas Malva Pudding – a caramel vanilla cake soaked in toffee - each dish tells a story of artistry, discovery, and celebration. Meanwhile, at the hotel's Mandarin Bar , guests can raise a glass to the season with The Enchanted Lotus, a sparkling cocktail infused with fragrant botanicals and bright citrus notes. For De Beers London, this collaboration marks a meeting of two heritage luxury houses, united by their devotion to artistry, precision, and timeless design. Together, Mandarin Oriental Hyde Park, London and De Beers London invite guests to gather, reflect, and celebrate the beauty of the season. The Enchanted Lotus Bar is now open for walk-ins only. Private hire is available upon request. For enquiries, please contact [email protected] About De Beers Founded in London, with a flagship store on Old Bond Street and a presence in the most exclusive locations around the world, De Beers is the pinnacle of luxury diamond Jewellery. Building on over 135 years of expertise, the luxury Jewellery House glorifies the world's most beautiful diamonds through creativity and craftsmanship in timeless, distinctive designs. De Beers is invested in ensuring all the diamonds it discovers create a lasting positive impact for people and the places where they are found. This comes with a pledge to build a better future – one that is fairer, safer, cleaner and healthier, in which communities thrive, ethical practices are maintained, and the natural environment is protected. We call this long-term commitment Building Forever. About Mandarin Oriental Hyde Park, London Sitting between glorious Royal Parkland and the buzz of central Knightsbridge, Mandarin Oriental Hyde Park, London offers the essence of timeless heritage coupled with contemporary flair and impeccable service. Each of the hotel's rooms and suites have been designed by internationally-renowned designer Joyce Wang, to reflect the natural beauty of neighboring Hyde Park. An award-winning spa and diverse dining choices from two-Michelin starred Dinner by Heston Blumenthal, Japanese Izakaya at The Aubrey, Traditional Afternoon Tea in The Rosebery and cocktails in the Mandarin Bar makes Mandarin Oriental Hyde Park, London one of London's premier addresses.

November 20, 2025

Business

Frasers Property Thailand achieves local and international sustainability benchmarks

Frasers Property (Thailand) Public Company Limited, or “FPT” has reaffirmed its sustainability leadership in Thailand’s real estate sector by attaining two prestigious Thai and international sustainability standards. The achievements reflect the company’s tangible progress and steadfast commitment to integrating ESG (Environmental, Social, and Governance) considerations into its business while continuously advancing its operations. This year, FPT received the highest 5-Star “Excellent” rating for the sixth consecutive year in the Corporate Governance Report of Thai Listed Companies (CGR), conducted by the Thai Institute of Directors (IOD) with support from The Stock Exchange of Thailand (SET) and the Securities and Exchange Commission, Thailand (SEC). FPT’s recognition demonstrates its outstanding governance practices along four categories evaluated: Rights and Equitable Treatment of Shareholders, Role of Stakeholders and Business Sustainability, Disclosure and Transparency, and Board Responsibilities. Concurrently, FPT participated in the GRESB Real Estate Assessment, a widely recognised international benchmark for evaluating and reporting the sustainability performance of the real estate sector. The company achieved the highest ‘A’ rating for sustainability disclosure and was awarded the GRESB Green Star in both the Standing Investments and Development Projects categories. The assessment criteria comprehensively cover both the management policy and the performance results in sustainability, including promoting the use of environmentally friendly construction materials, efficient natural resource management, risk management, building certification, and stakeholder engagement, among others. FPT’s local and international recognition underscores the robust efforts of FPT as an integrated real estate platform to integrate ESG considerations while driving stable growth across its residential, industrial, and commercial businesses. Furthermore, it reflects the company's commitment to elevating sustainability practices across all business units, creating long-term value, and fostering trust among all stakeholders.

November 20, 2025

Business

Delta and Siemens to Complement their Power Solutions to Help Customers Cut Data Center Deployment Time, Costs, and Carbon Emissio

Delta, a global leader in power management and smart green solutions, and Siemens Smart Infrastructure have formalized a global partnership to deliver prefabricated, modular power solutions designed to accelerate the deployment of data center infrastructure , while significantly reducing CAPEX. The partnership will ensure hyperscale and colocation operators enjoy a strategic advantage in the competitive AI and cloud computing data center market, with the highest performance in power management and reliability. Victor Cheng, CEO of Delta Electronics (Thailand) said, "The fast-growing AI trend requires dynamic collaboration with partners, a core of Delta’s long-term strategy. Hosting this agreement signing in Thailand reinforces the strategic importance of our global manufacturing and integration capabilities. By activating our integration hubs across APAC and EMEA, we are bringing a transformative solution to the market: a prefabricated, modular solution that ensures fast, localized delivery, enhanced project certainty, and accelerated time-to-market for new capacity.” "Our partnership with Delta represents an important milestone for data center construction in the world's fastest-growing markets," said Stephan May, CEO of Electrification & Automation at Siemens Smart Infrastructure . "By combining Siemens' electrical power distribution and engineering services with Delta's high-efficiency UPS, battery and cooling offerings, together we are delivering a prefabricated, customizable solution that can drastically cut time-to-market by up to half. This approach also lowers construction risk with better predictability, while enhancing energy efficiency and supporting the long-term sustainability goals of our customers.” Jimmy Yiin, Executive Vice President of Global Business Operations, Delta Electronics, Inc., said, "Delta's commitment to energy efficiency is foundational to this agreement. By leveraging our expertise in power solutions from grid to chip, which enables us to architect the system closer to the critical load, our Uninterruptible Power Supply (UPS), batteries, and advanced thermal management technologies are uniquely designed for the high-density demands of the AI era. Working with Siemens allows us to further expand the reach of our cutting-edge, energy-saving solutions rapidly through a single, globally supported supply chain across EMEA and APAC.” The core of the agreement centers on the delivery of prefabricated, integrated containerized power solutions (SKIDs, eHouses) . By prefabricating and pre-testing these modular power systems off-site with an optimized layout, the solution provides a standardized, plug-and-play approach that reduces time-to-market by up to 50%, lowers construction risk, and maximizes valuable data center square footage. The efficient design can provide up to 20% CAPEX reduction and up to 27% lower carbon emissions by using less concrete in the space-optimized layout. Siemens and Delta are committed to leveraging partnerships which complement their expertise and portfolio to create the best outcomes for their customers. By connecting the dots between major players across the value chain, this partner ecosystem approach fosters innovation and encourages the interoperability required to solve the worlds’ greatest challenges.

November 20, 2025

Games & Entertainment

Aussies all aboard with Home and Away

One of the most dramatic disasters in Home and Away ’s 38-year history gripped audiences on Seven and 7plus last night, capping off a year of impressive audience growth for Australia’s favourite drama. Across the 2025 season, more than three million Australians tuned in each week. Each episode had an average total TV audience of 965,000, up 5% year-on-year. Home and Away is the most consumed show on 7plus across live and on-demand, with an average of 231,000 viewers per episode – up 33% year-on-year. Year-on-year audience growth was recorded across all key demographics, including people aged 16 to 39 (up 6%) 25 to 54 (up 7%) and grocery shoppers (up 6%). Last night’s movie-length final episode, which featured a deadly train derailment, reached more than 1.4 million Australians, with an average national total TV audience of 801,000 – up 1% on last year. More than 179,000 people watched on 7plus , up 73% year-on-year. Seven’s Director of Content, Scripted, Julie McGauran, said: “ Home and Away reaches more than three million Australians every week, and is rapidly growing its audience among younger demographics and on 7plus. “The show’s enduring popularity is a testament to the incredible cast and crew who produce 230 episodes every year, delivering quality Australian drama that resonates deeply with our audiences. “ Home and Away fans are in for a big start to 2026, with the fate of many of Summer Bay’s favourite residents hanging in the balance, and the highly anticipated return of Brax and Ricky through our Western Australian special event, made in partnership with Tourism Western Australia,” she said. Seven’s National Television Sales Director, Katie Finney, said: “ Home and Away has been a cornerstone of Australian television for 38 years and remains must-watch viewing every night at 7.00pm, following Australia’s #1 news program, 7NEWS . “With audiences up 5% year-on-year, including an incredible 33% increase on 7plus, Home and Away offers brands an unrivalled platform to connect with consumers in a trusted environment. Whether viewers are binge-watching episodes back-to-back on 7plus or tuning in live each night, the engagement is unmatched. “ Home and Away ’s enduring popularity is driven by powerful storylines that reflect Australian culture and tackle social issues that resonate with households across the country, and it’s where brands are showing up in 2026,” she said. Home and Away returns at 7.00pm on Monday, 19 January 2026 on Seven and 7plus . For more information, please contact: Kaycie Bradford Communications Director, Corporate M: 0400 002 664 E: [email protected] Jason Antill Communications Specialist M: 0452 343 661 E: [email protected] About the Seven Network The Seven Network is part of Seven West Media (ASX: SWM), one of Australia’s most prominent media companies, with a market-leading presence across broadcast television, publishing and digital. The Seven Network alone reaches 17.5 million people a month. Seven West Media owns some of Australia’s most renowned media businesses and platforms, including the Seven Network and its affiliate channels 7two, 7mate, 7flix and 7Bravo; 7plus; 7NEWS.com.au; The West Australian ; The Sunday Times ; PerthNow; The Nightly ; and Streamer . The Seven Network is home to Australia’s most loved news, sport and entertainment programming, including 7NEWS , 7NEWS Spotlight , Sunrise , The Morning Show , The Voice , Home and Away , Australian Idol , My Kitchen Rules , Farmer Wants A Wife , The Chase Australia , Better Homes and Gardens , The 1% Club , The Front Bar and the TV WEEK Logie Awards . The Seven Network is also the broadcast partner of the AFL, Cricket Australia, Supercars, the 2026 Rugby League World Cup and the Glasgow 2026 Commonwealth Games . Source: VOZ 5.0 National Total TV Average Audience, Total Reach, Consolidated 7. Last 7 Days Overnight. First Runs Only (excluding encores). ‘Most consumed show across 7plus refers to TTL streaming minutes by series for 2025 to date

November 20, 2025

Business

St Barbara Limited : Presentations to 2025 Annual General Meeting

CHAIR’S ADDRESS 2025 Annual General Meeting, 20 November 2025 The 2025 financial year saw continued progress on our Simberi and Atlantic growth projects, alongside the successful extension of oxide processing at Simberi to maintain business continuity until the transition to sulphide ore. In preparing this year’s address, I reflected on the substantial momentum achieved across our two major development opportunities: the Simberi Expansion Project in Papua New Guinea and the 15-Mile Processing Hub in Nova Scotia. Both projects represent significant value potential, and our ongoing study and early-works programs, together with permitting improvements in Nova Scotia, have materially strengthened the platform from which we will make critical decisions in FY26. During FY25, our focus has been to take a disciplined approach to assessing our strategic and funding options with regard to these two projects and to retain optionality on them and on delivering value for our shareholders and stakeholders. When undertaking a strategic portfolio review earlier in the year and as announced, one option we pursued was the possible separation of the Atlantic assets from the broader St Barbara group. However, as the year progressed, with improving permitting environment and government support in Nova Scotia, no proposal was received that reflected the level of future value we believe the 15-Mile Processing Hub can deliver for our shareholders. Encouragingly, the permitting environment and government support for responsible resource development in Nova Scotia improved markedly during the year and has continued to do so into FY26. This shift positions St Barbara to continue advancing development of the 15-Mile Processing Hub. At Simberi the scale, quality, and long-life potential of the Simberi Expansion Project has attracted unsolicited interest. As a result, and ahead of formal funding discussions, the Board is evaluating strategic alternatives for the project that could best support the pathway to a Final Investment Decision and deliver greater value to shareholders. Several parties are in advanced due diligence, which may or may not lead to a potential transaction. People and Safety Safety remains our highest priority. The re-launch of the Safety Always program in FY25 significantly improved safety performance at Simberi. Our Total Recordable Injury Frequency Rate fell from 4.1 at the end of FY24 to 1.1 at the end of FY25, and continued its downward trend to 0.2 by the end of the September quarter FY26. Simberi Expansion Project A key strategic objective for the year was the completion of the Pre- Feasibility study on the Simberi Expansion Project, which confirmed over 200,000 ounces per annum with life of mine plan extending to 13 years based on Proven and Probable Ore Reserves. Of note we advanced a key permitting milestone by lodging the early renewal of the Simberi Mining Lease, seeking to extend the mine life from 2028 to 2038. In the first quarter of FY26 the Mining Advisory Committee recommended granting the extension to the Mining Lease, and the matter has been formally submitted to the Mining Minister for approval and we await the final decision. 15 Mile Processing Hub In Nova Scotia, we advanced the 15-Mile Processing Hub Concept Study, which confirmed strong project economics as well as a dramatically reduced environmental disturbance. In addition, we continued the assessment of pumpedhydro and solar-generation opportunities at Touquoy. Operational Performance Throughout FY25, Simberi focused on maintaining business continuity and achieving operating break-even cash flow ahead of the expansion. This strategy reduces risk, strengthens operational readiness, and avoids disruption for our workforce, communities, and landowner partners. Simberi produced 51,168 ounces of gold at an All-in Sustaining Cost (AISC) of A$4,582 per ounce, meeting revised guidance. Gold sales totalled 48,354 ounces at an average realised price of A$4,428 per ounce. In Nova Scotia, we progressed the reclamation activities at the Touquoy mine and gold sales from the decommissioning of the Touquoy processing plant were 3,515 ounces at an average realised price of A$4,280 per ounce. The improved permitting conditions in Nova Scotia have continued into FY26, supporting our recent announcement of a potential re-opening of the Touquoy processing plant to process stockpiles remaining on surface after the closure in 2023. Investing for the Future A key theme for FY25 was to invest for the future and we invested A$78 million in growth capital during the year to advance the development projects in both regions. At Simberi, this included pre-expansion work such as camp expansion, installation of the new sizer, ordering the new 5.8 MW ball mill, haul-road design, geotechnical drilling, and mobile-fleet additions – key drivers behind the capital raise that we undertook in the first half of FY25. In Nova Scotia, capital supported the study work for the 15-Mile Processing Hub and the energy-storage and solargeneration opportunities at Touquoy. St Barbara ended FY25 with A$67 million in cash (excluding restricted cash of A$89 million) and A$25 million in listed investments. Early in FY26, we completed a A$58 million institutional placement – introducing new shareholders and broadening the register – to support ongoing pre-expansion works at Simberi and continued evaluation of the stockpile processing at Atlantic. Looking Ahead Our FY26 strategy focuses on advancing Simberi and Atlantic to decision points that maximise shareholder value. For Simberi, any corporate interest must be carefully weighed against our ability to fund and progress the expansion independently. Oxide production at Simberi will continue under our business-continuity strategy, targeting operating break-even cash flow. FY26 guidance for Simberi is 54,000–70,000 ounces of gold at an AISC of A$4,000–A$4,400 per ounce. The Simberi Expansion Feasibility Study is nearing completion, with outcomes expected this quarter. Work continues on long-lead procurement items, finalising Conservation and Environmental Protection Authority permit conditions, and completion of the camp expansion. A Final Investment Decision is now targeted for Q3 FY26. In Nova Scotia, the Pre-Feasibility Study for the 15-Mile Processing Hub remains on schedule for Q3 FY26. In parallel, the evaluation of the Touquoy stockpile opportunity will continue, supported by the significantly more favourable permitting environment. In relation to the tax assessments issued by the Papua New Guinea Internal Revenue Commission (IRC), the Company lodged a formal objection to all assessed amounts in February. We understand that the IRC engaged external taxation consultants to review the objections and that the consultant’s findings are now with the Deputy Commissioner. St Barbara remains committed to engaging constructively with the IRC and seek a timely and positive resolution. Conclusion As we move into FY26, we will continue applying discipline to our assessment of strategic options and funding pathways for our two major growth projects. With both the Simberi Expansion Project and the Atlantic Growth Projects advancing, the Company is well positioned to progress into development in a strong gold-price environment. I would like to acknowledge, with my thanks, our Managing Director and CEO, Andrew Strelein and his leadership team for their ongoing commitment in positioning St Barbara for this next phase, and I extend my sincere thanks to my fellow Directors, the entire St Barbara workforce, and shareholders for your ongoing support. Thank you. For more information Investor Relations David Cotterell General Manager Business Development & Investor Relations [email protected] T: +61 3 8660 1959 M: +61 447 644 648 Media Relations Paul Ryan / Russell Quinn Sodali & Co M: +61 409 296 511 / +61 403 322 097

November 19, 2025

Event Announcement

Helping build brighter futures for young people

As part of our partnership with leading electrical supplier, Lawrence & Hanson, Yancoal Australia has assisted in donating $16,500 to the ‘Kids Under Cover’ charity, which works tirelessly to prevent youth homelessness. Kids Under Cover envisions a community where no young person is homeless. Every day they strive to prevent youth homelessness through the provision of secure and stable accommodation, and financial assistance for young people to continue or re-engage with their education or training. These funds will continue to grow and expand Kids Under Cover’s work in providing safe, stable accommodation and educational opportunities for young people at risk of homelessness. Lawrence & Hanson supports Yancoal Australia across mine sites in New South Wales and Queensland, providing electrical and industrial products to help ensure reliable and efficient mining operations. As a component of the partnership, the miner generates partner reward points which were recently converted into a dollar value and donated to Kids Under Cover. This was marked with a cheque presentation event with representatives from Lawrence & Hanson, Yancoal Australia and Kids Under Cover in attendance. Tim Van Woerkom, General Manager Procurement & Major Projects, from Yancoal Australia was honoured to donate to such a vital charity. “We aim to make a positive difference to the community and the lives of the people living and working in the areas we operate. “Kids Under Cover works directly with the community to identify gaps and solutions to help young people who are homeless or at high risk of homelessness. “This was an opportunity to help young people who are at risk in the community, so for us, supporting Kids Under Cover was a perfect fit,” said Tim. Lawrence & Hanson is Australia's leading electrical wholesaler with over 150 branches across the country employing over 1,000 staff. It is focused on the B2B supply of electrical, industrial and safety products. Jason Crosara from Lawrence & Hanson was pleased to continue supporting an incredible charity. “Working with Kids Under Cover supports our mission to making a difference in people lives. “No young person in the community chooses to be homeless. Kids Under Cover does a fantastic job at trying to intervene early to alleviate the pressures that lead to homelessness. “We are a longstanding electrical partner of Yancoal Australia and proud we could combine our missions to build stronger communities and donate funding to Kids Under Cover,” said Jason. Kids Under Cover works to prevent and end youth homelessness by delivering secure, purpose-built studios, education scholarships and tailored support that keep young people connected to family, community and education. END Media contact: Tracy Woodley Email: [email protected]

November 18, 2025

Business

Lunit and Labcorp Announce Strategic Collaboration to Advance AI-Powered Digital Pathology Research

Lunit (KRX:328130.KQ), a leading provider of AI for cancer diagnostics and precision oncology, and Labcorp, a global leader of innovative and comprehensive laboratory services, today announced a collaborative initiative to accelerate innovation in digital pathology (DP) and artificial intelligence (AI) for oncology research and clinical care. The collaboration aims to leverage Labcorp’s extensive clinical and pathology expertise alongside Lunit’s cutting-edge AI algorithms to transform how tumor microenvironments are analyzed and interpreted. By combining high-resolution whole-slide imaging with AI-powered spatial profiling, the collaboration seeks to generate new insights that can enhance biomarker discovery and guide precision immuno-oncology strategies. First Collaborative Studies Presented at SITC and AMP The first outcome of the collaboration was showcased at two leading scientific conferences: Society for Immunotherapy of Cancer (SITC) : Study demonstrated how AI-based spatial profiling and machine learning can identify immune-active subtypes of non-small cell lung cancer (NSCLC) tumors with the MET exon 14 skipping mutation, which are associated with improved immunotherapy outcomes. Using Lunit SCOPE IO®, researchers analyzed more than 370 pathology slides to characterize immune phenotypes across different types of MET alterations, including exon 14 skipping, amplification, or no mutation (wildtype). Immune gene expression analysis further validated the AI-defined immune phenotypes and revealed key immune response pathways driving the inflamed phenotype, underscoring the predictive power of AI-based spatial profiling in MET-mutated NSCLC. Association for Molecular Pathology (AMP) : Study highlighted distinct tumor-immune microenvironments linked to different MET alterations in NSCLC, revealing immune-desert phenotypes in MET-amplified tumors, and inflamed phenotypes in those with MET exon 14 skipping tumors. "Collaborating with Labcorp, one of the most respected leaders in diagnostics and clinical research, marks an important step toward expanding the real-world use of AI in oncology. These early studies show how AI can reveal meaningful, predictive biomarkers hidden within pathology slides,” said Brandon Suh, CEO of Lunit. “It’s a clear example of how digital pathology and AI can work hand in hand to advance precision oncology understanding, bridging discovery research and real-world clinical care.” "Our collaboration with Lunit aims to turn complex pathology data into meaningful insights," said Shakti Ramkissoon, M.D., Ph.D., MBA, vice president and medical lead for oncology at Labcorp. "These studies demonstrate how AI-powered digital pathology can reveal patterns within tumors—ultimately helping to guide treatment decisions, inform biomarker development, and pave the way for more personalized cancer care.” Labcorp and Lunit plan to further broaden their collaboration by applying digital pathology AI to additional cancer types and genomic correlations. ### About Lunit Founded in 2013, Lunit (KRX: 328130) is a global leader on a mission to conquer cancer through AI. Our clinically validated solutions span medical imaging, breast health, and biomarker analysis—empowering earlier detection, smarter treatment decisions, and more precise outcomes across the cancer care continuum. Following the integration of Volpara, Lunit now offers a comprehensive suite spanning risk prediction and early detection to precision oncology. Our FDA-cleared Lunit INSIGHT suite and breast health solutions support cancer screening in thousands of medical institutions worldwide, while Lunit SCOPE platform is used in research partnership with global pharma leaders for biomarker development and companion diagnostics. Trusted by over 10,000 sites in more than 65 countries, Lunit combines deep medical expertise with continuously evolving datasets to deliver measurable impact—for patients, clinicians, and researchers alike. Headquartered in Seoul with global offices, Lunit is driving the worldwide fight against cancer. Learn more at lunit.io/en . Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements, including, but not limited to, statements with respect to the collaboration between Lunit and Labcorp and the potential benefits, uses and applications of artificial intelligence-powered digital pathology. Actual results could differ materially from those suggested by forward-looking statements. As a result, readers are cautioned not to place undue reliance on any of the forward-looking statements. All forward-looking statements are expressly qualified in their entirety by this cautionary statement. Media Contact Lunit Global PR Manager Jaewhan Lee [email protected]

November 18, 2025

Business

Towngas and China Resources Gas sign strategic cooperation agreement Jointly establish Low-Carbon Smart Gas Joint Innovation Centre

The Hong Kong and China Gas Company Limited (Towngas) and China Resources Gas Investment (China) Co., Ltd. (China Resources Gas) have signed a strategic cooperation agreement at the 27th China Hi-Tech Fair to jointly establish a Low-Carbon Smart Gas Joint Innovation Centre, leveraging Towngas’ Technology Application Centre. The collaboration will focus on technology research and development and ecosystem building along the entire gas industry value chain, in support of the low-carbon and smart transformation of the natural gas sector under the national 15th Five-Year Plan. The signing ceremony was held in Shenzhen in the presence of municipal government officials. Representatives attending included Mr Edmund Yeung Lui-ming, Executive Director and Chief Financial Officer of Towngas, Mr Zhou Jun, Head of the Technology Application Centre at Towngas, and Mr Jiang Hougui, Vice President of China Resources Gas. Partnership focuses on two key technology areas The partnership will concentrate on two main technology areas, with artificial intelligence and green transition at its core themes through a series of joint R&D projects. In artificial intelligence for gas-related imaging, the two companies will draw on their respective operating environments and data resources to develop practical applications and common technical standards. They will take the lead in developing a national-level natural gas quality dataset. In natural gas–hydrogen blending, the partners will deepen joint research and standard-setting. They plan to co-develop core process technology packages for hydrogen blending in gas networks, and to promote the formulation of relevant national standards and pricing mechanisms optimisation, helping to unlock the potential of the clean energy market. Results Delivery and Talent Development The cooperation is designed to cover the full chain from R&D to application. Innovation outcomes will first be rolled out in the Guangdong–Hong Kong–Macao Greater Bay Area and key cities nationwide. Using Towngas’ Technology Application Centre and its postdoctoral innovation practice base, the companies will nurture talent with both technical and operational expertise. Towngas and China Resources Gas will also bring companies across the industry value chain into the initiative, forming an ecosystem that connects research with real-world deployment. The TERA-Award Smart Energy Innovation Competition, organised by Full Vision Capital, will continue to serve as a platform to attract technology solutions and drive commercialisation. Looking ahead, Towngas and China Resources Gas will further strengthen their long-term strategic partnership and deepen multi-dimensional cooperation in the field of smart gas. Through joint technological research, co-creation of application scenarios and co-building of ecosystems, the two sides aim to promote high-quality development of the industry and contribute to the national energy strategy under the 15th Five-Year Plan. ~END~ For media enquiries, please contact: The Hong Kong and China Gas Company Limited Ms Kathy Tse Senior Corporate Affairs Officer Tel: 2963 3497 / 6698 3357 Email: [email protected] Mr Julius Chow Senior Corporate Affairs Officer Tel: 2963 3471 / 6969 1360 Email: [email protected]

November 18, 2025

Business

Signing an MOU with PAGASA (Philippines) to contribute to damage reduction through AI-based typhoon and heavy rain forecasting

Weathernews Inc. (Head office: Mihama-ku, Chiba City; CEO: Tomohiro Ishibashi) has signed a collaboration agreement with the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) for mutual cooperation in the field of meteorology. Weathernews has maintained a cooperative relationship with PAGASA since signing the agreement in 2015, and this latest agreement further strengthens this relationship. The Philippines is an island nation located in an area known as “Typhoon Alley.”Typhoons and heavy rains cause serious damage, including floods and landslides, and there is a strong need for fundamental disaster prevention and mitigation measures to mitigate these damages. Through this collaboration, Weathernews will utilize the highly accurate and high-resolution weather forecasting technology it has cultivated over many years to provide AI-based forecast information on typhoons and heavy rain, as well as Google’s flood forecasting and cyclone prediction models. By providing this information, we will contribute to reducing the risk of natural disasters and improving resilience in the Philippines. We will continue to deepen our collaboration with meteorological organizations around the world and introduce cutting-edge forecasting technology to society, thereby ensuring safety from natural disasters and promoting the realization of a sustainable society. Administrator - Philippine Atmospheric, Geophysical and Astronomical Services Administration Mr. Nathaniel T. Servando (right) and Executive Officer in charge of Service Operation and Development - Weathernews Inc. Mr. Daisuke Abe (left) Agreement Date November 4, 2025 Agreement Details 1.　Providing AI weather content related to typhoon, heavy rain, and flood forecasts 2.　Discuss and implement technical sharing to improve meteorological accuracy, human resource development, and operational support for disaster risk reduction Our Role and Future Initiatives The Philippines is located in the area known as “Typhoon Alley,” and typhoons make landfall almost every year, causing widespread and devastating damage depending on their strength and path. In response to this risk of natural disasters, this collaboration will provide AI-based forecasting information for typhoons and heavy rains, leveraging the highly accurate, high-resolution weather forecasting infrastructure that we have cultivated over many years. We will also provide Google's AI weather model, one of the highly accurate weather forecasting models that utilizes AI technology, which has made remarkable progress in recent years. This will promote adaptation to extreme weather in the Philippines, improve social resilience, and contribute to protecting lives and property. Comment from Google “We are pleased to see this partnership between WNI and Pagasa progress and hope our models can continue to make a positive contribution to forecasting in the Philippines.” - Raia Hadsell, VP Research, Google DeepMind “It’s encouraging to see Google's AI models for flood forecasting and cyclone prediction being used in The Philippines. We believe that AI models, along with strong partnerships with governments and expert agencies like WNI, are key to building towards climate resilience, improving disaster preparedness, and making communities safer.” - Yossi Matias, Vice President & GM, Google Research Collaboration with global meteorological organizations Ahead of the Philippines, we have concluded an MOU in the field of meteorology with the Vietnam Meteorology and Hydrology Administration (VNMHA), which also faces the issue of severe damage caused by typhoons and heavy rains, and are promoting efforts to prevent and mitigate disasters. https://jp.weathernews.com/news/53113/

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Lunit and Labcorp Announce Strategic Collaboration to Advance AI-Powered Digital Pathology Research

Towngas and China Resources Gas sign strategic cooperation agreement Jointly establish Low-Carbon Smart Gas Joint Innovation Centre

Signing an MOU with PAGASA (Philippines) to contribute to damage reduction through AI-based typhoon and heavy rain forecasting

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