Announcement PDF 15 January 2026 ASX Limited Level 40 Central Park 152-158 St Georges Terrace PERTH WA 6000 Attention: Laura Gomme laura.gomme@asx.com.au Dear Laura, ASX Query Letter In response to your correspondence dated 15 January 2026 regarding increases in the price and trading volumes of the Company’s shares, the Company’s response is as follows: 1. The Company is not aware of any information which, if it were known, would be an explanation for recent trading in its securities. 2. Not applicable 3. No, there is no other explanation that the Company is aware of that may explain the recent trading in its securities. 4. The Company confirms it is compliance with listing rule 3.1. 5. The Company confirms that the above response to the ASX queries have been approved in accordance with its published continuous disclosure policy. Should you require any further clarification please do not hesitate to contact the undersigned. Yours sincerely Mark Pitts Company Secretary This announcement has been approved for issue by Mr Mark Pitts, Company Secretary, Variscan Mines Limited ASX Limited [[Listings]] ASX Customer Service Centre 131 279 | asx.com.au #11031625v1 15 January 2026 Mr Mark Pitts Level 5, 191 St Georges Terrace Perth WA 6000 By email: mark.pitts@automicgroup.com.au and Chris.Edwards@automicgroup.com.au Dear Mr Pitts Variscan Mines Limited (‘VAR’): Price Query ASX refers to the following: A. The change in the price of VAR’s securities from a low of $0.009 on 15/01/2026 to a high of $0.011 at the time of writing. B. The significant increase in the volume of VAR’s securities traded today. Request for information In light of this, ASX asks VAR to respond separately to each of the following questions and requests for information: 1. Is VAR aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities? In responding to this question, if VAR is in possession of exploration results not yet announced to the market, please address each of the following in your response. (a) Has VAR sent samples from an exploration programme to a laboratory for testing, for which it is yet to receive the results? (b) If the answer to (a) is “yes”, please provide the exact date(s) on which samples were sent. (c) If the answer to (a) is “yes”, when are the results expected to be received from the laboratory? Please provide as much detail as possible about the expected timing. (d) When was the sampling completed? (e) What arrangements (if any) does VAR have in place to maintain confidentiality of its exploration results until they are announced? Please be as detailed as possible when answering this question. 2. If the answer to question 1 is “yes”. (a) Is VAR relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in VAR’s securities would suggest to ASX that such information may have ceased to be confidential and therefore VAR may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation. (b) Can an announcement be made immediately? Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below). (c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made? 2/3 ASX Customer Service Centre 131 279 | asx.com.au #11031625v1 3. If the answer to question 1 is “no”, is there any other explanation that VAR may have for the recent trading in its securities? 4. Please confirm that VAR is complying with the Listing Rules and, in particular, Listing Rule 3.1. 5. Please confirm that VAR’s responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of VAR with delegated authority from the board to respond to ASX on disclosure matters. When and where to send your response This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by no later than 10.30 AM AWST Thursday, 15 January 2026. You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall within the exceptions mentioned in Listing Rule 3.1A, VAR’s obligation is to disclose the information ‘immediately’. This may require the information to be disclosed before the deadline set out in the previous paragraph and may require VAR to request a trading halt immediately. Your response should be sent by e-mail to ListingsCompliancePerth@asx.com.au. It should not be sent directly to the ASX Market Announcements Office. This is to allow us to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform. Trading halt If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes” and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in VAR’s securities under Listing Rule 17.1. If you wish to request a trading halt, you must tell us: • the reasons for the trading halt; • how long you want the trading halt to last; • the event you expect to happen that will end the trading halt; • that you are not aware of any reason why the trading halt should not be granted; and • any other information necessary to inform the market about the trading halt, or that we ask for. We require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. You can find further information about trading halts in Guidance Note 16 Trading Halts and Voluntary Suspensions. Suspension If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in VAR’s securities under Listing Rule 17.3.1. Listing Rules 3.1 and 3.1A In responding to this letter, you should have regard to VAR’s obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B. It should be noted that VAR’s obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter. Release of correspondence between ASX and entity 3/3 ASX Customer Service Centre 131 279 | asx.com.au #11031625v1 ASX reserves the right to release all or any part of this letter, your reply and any other related correspondence between us to the market under Listing Rule 18.7A. The usual course is for correspondence to be released to the market. Yours sincerely ASX Compliance