Appointment of Chief Executive Officer

Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan (the “Project”), is pleased to confirm that, further to the Company’s announcement on 31 July 2026, Peter Secker has been appointed as Chief Executive Officer (“CEO”), with immediate effect.

Mr Secker is a seasoned mining executive with more than 40 years’ global experience in project development, operations, and corporate growth across the resources sector. He has led the acquisition, development, and operation of projects in Australia, Africa, China, Mexico, and Canada, with expertise across a range of commodities including gold, iron ore, copper, lithium, and titanium. As CEO of multiple publicly listed companies over the past two decades, Mr Secker has raised more than US$2 billion in funding and successfully brought five greenfield projects into production.

In conjunction with the appointment of Mr Secker, Nick Bridgen will step down as the Company’s CEO and transition to the role of Non-Executive Deputy Chairman, with immediate effect. In this position, he will continue to support the Board by drawing on his extensive knowledge of the Project to provide valuable insight and continuity as the Company progresses.

Commenting, Sir Mick Davis, Chairman of Ferro-Alloy Resources, said:

“On behalf of the Board, I thank Nick Bridgen for his leadership of the Company over many years and for bringing the Project to the completion of its bankable feasibility study. Subject to financing, we now move onto the engineering and, thereafter, the construction phases. I am, therefore, very pleased to welcome Peter Secker as Chief Executive Officer of Ferro-Alloy Resources. Peter brings a wealth of leadership experience, proven operational delivery and a strong track record of financing complex mining projects through development and into production.

Peter’s appointment, together with Nick’s continued involvement as Non-Executive Deputy Chairman, further strengthens the leadership team as we unlock the full potential of this unique asset and drive the Company through this exciting next phase of growth.”

Commenting, Peter Secker, CEO of Ferro-Alloy Resources, said:

“I am delighted to join Ferro-Alloy Resources as Chief Executive Officer at such an important stage in the Company’s development. The Project represents a unique opportunity to bring one of the world’s largest and potentially lowest-cost vanadium producers into production, while also benefiting from a number of valuable co-product revenue streams.

Working alongside the Board, management team, our employees, local stakeholders and partners, my focus will be on advancing Balasausqandiq and realising the value of this world-class project.”

With respect to disclosure required under UK Listing Rule 6.4.8R, Mr Secker has held the following directorships within the last five years:

Save as disclosed above, there are no further matters required to be disclosed pursuant to UK Listing Rule 6.4.8R in relation to Mr Secker’s appointment.