ASX Announcement | 2 March 2026 Variscan Mines Limited (ASX:VAR) STATUS UPDATE - EARN-IN TO IRISH ZINC ASSETS Variscan Mines Limited (ASX:VAR) (“Variscan” or “the Company”) advises that its proposed Earn-In and Joint Venture Agreement (“Definitive Agreement”) with MDF Global Limited (“MDF” or “Mine Discovery Fund”),ZincGroupCo Pty Ltd (“ZincCo”) (together,the “Vendors”) and BMEx Pty Ltd (“BMEx”) has not been executed within the prescribed timeframes. The conditions precedent requiring the Vendors to satisfy their financial obligations to Variscan have not been satisfied within the prescribed timeframe. The Board of VAR will meet to further consider its response to this situation and will keep the market informed of progress. ENDS To ask questions directly to the Variscan management team and access media content, visit our interactive investor website at: https://variscan.com.au/s/aa7e61 This ASX announcement has been approved by the Board and authorised for issue by Mr Stewart Dickson, Managing Director and CEO, Variscan Mines Limited For further information, please contact: Variscan Mines Limited (ASX:VAR) Stewart Dickson Managing Director & CEO E: stewart.dickson@variscan.com.au T: +44 (0) 7799 694195 Media & Investor Enquiries Jane Morgan Management Chloe Hayes / Jane Morgan E: chloe@janemorganmanagement.com.au / jm@janemorganmanagement.com.au P: + 61 (0) 458619317/ +61 (0) 405 555 618 2 About Variscan Mines Limited (ASX:VAR) For more information We encourage all investors to share questions on this announcement via our interactive investor hub Or scan the QR code. Subscribe to our news alert service: https://variscan.com.au/s/8d46e7 Follow us on LinkedIn Follow us on Twitter Visit our investor website: www.variscan.com.au