CHWM Chilwa Minerals Ltd

“The material weaknesses in our internal control over financial reporting described in Item 15 include weaknesses in our information technology general controls over system changes, access management and segregation of duties, and their remediation forms part of our management of cybersecurity risks.”

“our Chief Executive Officer and Chief Financial Officer concluded that, because of the material weaknesses in our internal control over financial reporting described below, our disclosure controls and procedures were not effective as of June 30, 2026”

“(iii) the lack of formal accounting policies, procedures and control documentation across most of our processes”

“(ii) the precision of controls over our business processes and related control activities”

“The material weaknesses relate to (i) the design, implementation and oversight of information technology general controls over system changes, access management and segregation of duties”

“the Company did not develop, implement, or consistently maintain formal accounting policies, procedures, and control documentation across the majority of its processes to ensure financial information is recorded, reported, and disclosed in a timely, complete, and accurate manner.”

“the Company did not design or implement controls with sufficient precision to enable effective oversight of business processes and the related control activities;”

“the Company did not adequately establish, implement, or oversee IT general controls relating to system changes, access management, and segregation of duties across systems that support most financial reporting processes. As a result, automated controls are ineffective, and any manual controls that rely on system-generated information were inappropriately relied upon;”

“resulting in net foreign currency liabilities of A$1,363,662 (compared to A$1,730,461 as of June 30, 2025, as restated)”

“our ability to remediate identified material weaknesses in our internal control over financial reporting;”