Announcement PDF Buru Energy Limited, Level 2, 16 Ord Street, West Perth WA 6005 Telephone: 1800 337 330 Email: info@buruenergy.com ABN: 71 130 651 437 ASX Announcement 29 May 2026 Kimberley Economic Forum – Company Presentation Buru Energy Limited (Buru) (ASX: BRU) is pleased to provide the presentation to be made by the Buru Chair David Maxwell at the Kimberley Economic Forum being held today in Derby, WA. Authorisation This ASX announcement has been authorised for release by the Chair of the Board of Directors. For further information, visit www.buruenergy.com or contact: David Maxwell Chair Telephone: +61 8 9215 1800 Freecall: 1800 337 330 Email: info@buruenergy.com The Rafael Conventional Gas Project Kimberley Economic Forum 28 & 29 May 2026 ASX:BRU 1 Disclaimer This presentation has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) and has been authorised for the intended purpose by the Chair of Buru Energy Limited. This presentation contains certain statements which may constitute "forward-looking statements". It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including, but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve and resource estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delays or advancements, approvals and cost estimates. Buru’s operations and activities are subject to joint venture, regulatory and other approvals and their timing and order may also be affected by weather, availability of equipment and materials and land access arrangements, including native title arrangements. Although Buru believes that the expectations raised in this presentation are reasonable there can be no certainty that the events or operations described in this presentation will occur in the timeframe or order presented or at all. There are numerous uncertainties inherent in estimating reserves and resources, and in projecting future production, development expenditures, operating expenses and cash flows. Oil and gas reserve engineering and resource assessment must be recognised as a subjective process of estimating subsurface accumulations of oil and gas that cannot be measured in an exact way. All contingent resources and prospective resources presented in this report are pursuant to the Company’s ASX releases of 14 August 2025, 26 July 2024, 17 June 2024 and 18 January 2018 . The estimates of contingent and prospective resources included in this Presentation have been prepared in accordance with the definitions and guidelines set forth in the SPE PRMS. Buru is not aware of any new information or data that materially affects the information included in this presentation and all material assumptions and technical parameters underpinning the estimates in this presentation continue to apply and have not materially changed. The probabilistic method was used to prepare the estimates of the contingent and prospective resources. No representation or warranty, expressed or implied, is made by Buru or any other person that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of Buru, its officers, employees and advisers expressly disclaims any responsibility for the accuracy or completeness of the material contained in this presentation and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence if any information in this presentation or any error or omission there from. Neither Buru nor any other person accepts any responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information. All references to $ are in Australian currency, unless stated otherwise. Acknowledgement of Country Buru recognises Aboriginal People of this nation and their ongoing connection to culture and country. We acknowledge Aboriginal Peoples as the Traditional Owners and Custodians of the world’s oldest living culture and pay respects to all Elders past, present and emerging. Buru welcomes the opportunity to work with and alongside Traditional Owners. WA Government State of Energy campaign Western Australia’s growing economy, changing climate and decarbonisation goals mean we need smarter energy systems right across our State. That’s why we are retiring coal and building a low emissions energy future using wind, solar, gas and batteries. https://stateofenergy.wa.gov.au The Rafael Gas Project The regional energy solution 1Regional gas generators are fuelled by LNG delivered by road from Karratha. This is costed at $22/GJ. (Broome Clean Energy Study Feb 2023, Sustainable Energy Now) Proximity to market Delivered cost Transport emissions Regional development New market opportunities Synergy with renewables Existing trucked / imported gas and diesel Rafael Gas Project 615 - 1,520 km 70 – 685 km Project Benefits 1 CO2 CO2 Rafael – the local competitive energy source Natural gas, condensate and LPGs work alongside renewables providing continuous sustainable electricity Cool our homes and businesses Heat our water Cook our food Currently gas (as LNG) is trucked to the Kimberley from the Pilbara. Rafael will: In the Kimberley, gas and gas fuelled electricity is used to: Provide a local, cost-competitive, and secure energy solution for up to 20 years and maybe longer Contribute to the local economy Reduce emissions and truck transport distance Rafael – building Kimberley energy resilience and opportunity Rafael LNG Project location Proposed Rafael LNG Plant Rafael - low impact, simple project design  Rafael is based on high confidence 1C Resource of 85 Bscf  Small footprint (based around the existing cleared Rafael 1 discovery well pad)  No pipeline (trucked LNG, condensate and LPG)  Proven design, modularised construction  Many global small scale LNG plants in operation, with several in Australia (and Western Australia)  Up to 300t/day of LNG, ~69 klitres/day condensate/day and 15 tonnes LPG/day  Current plan is 2 wells (including Rafael 1 well recompletion)  20-year production life with robust cashflow  Experienced partner in Clean Energy Fuels Australia (CEFA) - built own and operate Mt Magnet LNG plant Indicative well locations for Rafael 1 (existing discovery well) and Rafael 2H (previously B) (planned new well for drilling in 2026) Low complexity, modularised construction The local gas supply opportunities Horizon Power Service Area, Horizon Power Annual Report 2024 Existing gas fired power stations Rafael  The Kimberley currently relies on long haul trucked LNG and imported diesel for power generation. This is costly and insecure.  Horizon Power – regional electricity provider in the Kimberley.  WA Government is looking for an alternative from 2028. Current demand in the region  190 GWh1 annual power consumption across 5 main Kimberley demand centres (Broome, Derby, Camballin/Looma, Fitzroy Crossing and Halls Creek).  6TJ/d to 13TJ/d (seasonal) gas demand for retail power generation.  Additional 100+ remote communities rely on diesel for primary power generation.  Mining and minerals processing. 1 Published Horizon Power data Rafael Project timeline Conventional v Unconventional extraction Rafael Project - a conventional gas development i.e. no fracking  Conventional oil and gas resources are free flowing under natural reservoir pressure. - no need for fracking to help gas flow to surface  Conventional production the gas migrates upwards from the source rocks where it was formed and collects under an impermeable rock layer deep under the Earth’s surface, called a reservoir  Gas composition is generally more than 95% hydrocarbons such as the gas that flowed from the Rafael 1 well in 2022  Unconventional gas resources are trapped in the source rocks themselves, which have to be broken (fractured) to release the gas. Summary  Rafael Gas Project - conventional - cost competitive gas & liquids (including LPG) - energy security and resilience for the Kimberley - synergy with renewables  Low impact, proven, simple project design  Working closely with the Traditional Owners  Targeting FID in mid 2027 & production start late 2028 / early 2029 Buru Energy Limited Level 2, 16 Ord Street West Perth, Western Australia 6005 PO Box 1903 West Perth WA 6872 Email: info@buruenergy.com Phone: 1800 337 330 Website: www.buruenergy.com ASX:BRU 14 Thank you