Announcement PDF Fuelling the Future ASX:BRU Example of a small-scale LNG facility at Mount Magnet, Western Australia. Photo courtesy of Clean Energy Fuels Australia (CEFA) Material Value Build + Energy Security for Northwest of Western Australia June 2026 ASX: BRU Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) and has been authorised for the intended purpose by the Executive 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. All of 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. Company snapshot Rafael Gas Project, Canning Basin, WA  Rafael - the core and primary focus  Buru 100% and Operator  Conventional gas & liquids (diesel & LPG)  Foundation based on P90 delivers material long-term cashflows from 2028/early 2029  Significant upside P50/P10 Resource and exploration (Flying Fox) Other assets, Canning Basin, WA  Ungani oil – assessing operational and market options  Mars - high value oil prospect  Yulleroo – significant gas & liquids resource Where We Operate 1 Board of Directors Ms Joanne Williams Executive Director 4 Mr Malcolm King Independent Non-Executive Director Mr David Maxwell Executive Chair 4 Buru Energy | Fuelling the Future - June 2026 Capital Structure Shares on issue1 million 1,354 Market Capitalisation1 A$ million 17.6 Cash1 A$ million 5.0 Debt A$ million Nil 12-month high cents/share 3.6 12-month low cents/share 1.2 Shareholders by Type3 Research 1 as at 4 June 2026, 3 as at 31 December 2025. 82.0% 16.51% 0.5% 1.0% Retail & HNW Domestic Institutions Foreign Institutions Directors & Employees 4 Executive Directive since 8 May 2026. Refer ASX announcement of 1 April 2026 Building robust long term cash flow foundation with growth. Rafael Gas Project summary 2 High value gas & liquids (diesel & LPG) business  Rafael Gas Project has no competition as a regional producer of gas, diesel & LPGs.  Attractive returns and long-term (~20 years) foundation cash flow from 2028/29. …based on proven resource (P90)  Rafael discovery in 2021, the first proven major conventional gas field found onshore in the Canning Basin, Western Australia (WA). Buru owns 100% and operates the field.  Foundation Project based on high confidence (P90) resource volume of 85 Bscf gas and 1.8 MMstb liquids.  Significant resource upside via P50 (best estimate), P10 (high estimate) + deeper resource play (Flying Fox). … developed via a simple project  Small footprint based on existing well pad and modularised 250-300tpd LNG plant: - proven design, with existing plants in WA, and - initial 2 wells (including the discovery well) … to supply an existing market with growth  Local source of LNG & liquids (diesel & LPG)  Replacing costly and insecure long-distance trucking or imported fuel … with an established downstream partner  Business model with Clean Energy Fuels Australia (CEFA) to finance, build, own and operate LNG plant.  Model includes CEFA investment of ~ A$150 million (80% of project capex) recovered via a fee payable by Buru.  Buru pre-FID spend limited to 2 production wells, approvals and upstream operations … being optimised to maximize shareholder value  Liquids (diesel & LPGs) adds significant project value  Short payback and attractive economic returns Rafael 1 well testing – March 2022 Buru Energy | Fuelling the Future - June 2026 Valuable energy resilience Rafael Gas Project – competitive advantages The regional energy solution 1Diesel imported via Broome, Wyndham or trucked from Perth. LPGs trucked from Perth or Darwin 2Regional gas generators are fuelled by LNG delivered by road from Karratha. This is costed at $22/GJ. (Broome Clean Energy Study Feb 2023, Sustainable Energy Now) Proximity to market Delivered cost Transport emissions Regional development New market opportunities Synergy with renewables Existing trucked / imported gas, diesel & LPG Rafael Gas Project 615 - 1,520+ km1 70 – 685 km Project Benefits 2 CO2 CO2 Buru Energy | Fuelling the Future - June 2026 3 Rafael – high value foundation Economic Screening1 based on Rafael 1C Resource (P90), 12-month production ramp up, and production rates of 200 tpd LNG, 69 kLpd diesel (and other associated liquids) and 15tpd LPG for 20 years. Assumes 100% Project Economics and “mid-case” LNG, condensate (diesel and other associated liquids) and LPG sales price assumptions. Economic screening date 2026 2026 Financial structure Capex Model2 Opex Model3 Gas Sales Price A$/GJ (domestic)4 $15.00 $15.00 Average Liquids Sales Price A$/litre (domestic) $1.50 $1.50 LPG Sales Price A$/tonne (domestic) $900.00 $900.00 Following in gross terms (A$), 2026$, pre-tax Total gas revenue ($million) 1,810 1,810 Total diesel (and other associated liquids) revenue ($million) 910 910 Total LPG revenue ($million) 120 120 Total Opex/Royalties ($million) (790) (1,160) Average Pre-Tax Operating Cashflow/annum ($million) 103 84 NPV10 ($million) 590 560 IRR 42% 80% 1 Equity economics, ungeared in 2026-dollars. Basis of project design include a 3rd well in Year 8 and capex for liquids separation, stabilisation and storage. The figures are before any financing costs and inclusive of facilities and well capex and provisions for abex. NPV and IRR are pre-tax. Buru Energy has more than $200 million in tax losses which can be applied against future profits. 2 Capex model – 100% equity to finance entire project development, vs pay a recurring service fee (tariff) to a third party. 3 Opex model - third party capex plant investment (e.g. CEFA) recovered through a tariff 4 Regional gas fired power stations are fuelled by LNG delivered over long distances (615 – 1,520kms). This is costed at $22/GJ (Broome Clean Energy Study Feb 2023, Sustainable Energy Now) 4 Key insights  Rafael has significant project value  42 – 80% IRR depending on commercial model based on P90 Resource alone  Average cashflow pre-tax/year more than 3 x BRU market cap  Diesel & LPG adds material value  Robust long term foundation cash flow  Material low-cost growth opportunities - 200 tpd LNG c.f. 250-300 tpd plant capacity - P50 Resource = 2.5 x P90 Resource - Flying Fox exploration opportunity Rafael Contingent Resources – T20 primary reservoir Interval only (Buru analysis, post Rafael 3D seismic survey, pre-inversion analysis) Gross 1C2 2C 3C Gas (Bscf) 85 220 523 Condensate (MMstb) 1.8 4.5 10.6 Nett 1C2 2C 3C Gas (Bscf) 76 176 401 Condensate (MMstb) 1.6 3.6 8.1 1Refer to the ASX release of 26 July 2024 for full definitions and disclosures. Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. 2High confidence resource volumes used to underpin Rafael Gas Project basis Rafael 1 drilled on 2D seismic in 2021 encountered significant gas columns in a large 4-way structural closure. (1) Primary Reservoir Interval (robust base case):  Crestal T20 Ungani Dolomite (Contingent Resources)  Proven reservoir, produced in Ungani Oilfield  Flow tested in 2022 and produced at 7.6 MMscf/d (2) Secondary Reservoir Interval (upside):  Upper T30 Laurel Dolomite (Prospective Resources)  Petrophysical evaluation indicates gas  Interval could not be tested in Rafael 1 due to operational difficulties Rafael – large high confidence onshore resource Ungani Dolomite Depth Structure Map Rafael 1 (2021) Rafael 2 (Proposed) Depth (mTVDSS) 5 Buru Energy | Fuelling the Future - June 2026 Rafael – resource distribution Rafael 1 (2021) Rafael 2 (Proposed) Ungani Dolomite Depth Structure Map Depth (mTVDSS) Rafael 1 Fault Block  Rafael 1 drilled in late 2021  Rafael 1 production tested in 2022  3D seismic acquired in 2023  Rafael 1 fault block only analysis underway - very encouraging preliminary results  Maybe economic based on Rafael 1 fault block only 6 Buru Energy | Fuelling the Future - June 2026 Flying Fox Prospective Resources1 (Buru analysis, post Rafael 3D seismic survey) 1 Prospective Resources relate to the estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. Please refer to ASX Release of 14 August 2025 for full definitions and disclosures. Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. Flying Fox – prospect beneath Rafael Prospect: Devonian carbonate target, imaged on recently acquired Rafael 3D, immediately beneath the Rafael 1 discovery, within a faulted closure of 26 km2 and ~370m vertical relief Opportunity: upside Prospective Resource for the Rafael development Could be tested by incremental deepening of proposed Rafael 2H well by ~ 500m Primary Target: gas reservoir in dolomitized, vuggy, reef facies of the Nullara or Pillara Fm (Devonian) and sealed by shales of the May River Formation Chance Of Success: 45% Key risks and uncertainties: • Reservoir quality – effectiveness risk for the dolomitized Devonian carbonate • Fault seal – risk to leak into overlying T20 Ungani Dolomite 7 Flying Fox - potential significant resource upside Chance of Success Condensate (MMstb) Gas (Bscf) (COS %) 1U 2U 3U 1U 2U 3U Gross Prospective Resources 45 1.2 5.0 12.6 60 247 614 Net Prospective Resources 45 1.1 4.6 11.3 57 226 551 A’ A Rafael 1 Proposed Rafael B Buru Energy | Fuelling the Future - June 2026 Capital efficient project design  Based on high confidence 1C Resource of 85 Bscf  2C best estimate (220 Bscf) or the 3C resource case (523 Bscf)1 adds material upside  Small footprint, based around the existing cleared Rafael 1 discovery well pad – enabling simple and fast project approvals  No pipeline - trucked LNG, diesel, LPG & other associated liquids  Proven design, modularised construction  Many global small scale LNG plants in operation, with several in Australia (and WA)  Production - up to 300t/day of LNG with associated liquids (diesel and LPG etc)  Development plan based on 2 wells (including the recompletion of the Rafael 1 discovery well as a production well)  Approx 20-year production life with robust cashflow  Significant upside with greater resource and market growth Indicative well locations for Rafael 1 (existing discovery well) and Rafael 2H (previously B) (planned new well for drilling in 2027) 1 Refer to the ASX release of 26 July 2024 for full definitions and disclosures.Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. 8 Buru Energy | Fuelling the Future - June 2026 LNG and liquids plant – proven design 9  SMR process - workhorse of LNG industry used in many liquefaction installations  Working to ensure: - strategic and competitive value is realised - funding structure reflects the gas, diesel, LPG & associated liquids value - Buru value uplift benefits are realised Rafael Gas Project Generic Single Mixed Refrigerant (SMR) based Small Scale Process Scheme LPG - to compete with existing high-cost imported supply Liquids/diesel - to compete with existing high-cost supply and/or export LNG - value reconfirmed from process flow modelling Feedstock for power generation, minerals processing, marine and transport Buru Energy | Fuelling the Future - June 2026 Units Economics Basis Plant Capacity LNG tonnes/day 200 300 Diesel & assoc. liquids kilolitres/day 69 103 LPG tonnes/day 15 22 Rafael location delivers regional supply advantage 10 Horizon Power Service Area, Horizon Power Annual Report 2024 Existing gas fired power stations Rafael  Horizon Power (WA government-owned entity) - responsible for generating, procuring, distributing, and selling electricity in region.  Horizon Power - currently executing the West Kimberley Power Project (WKPP) designed to solve the Kimberley's heavy and expensive reliance on diesel for electricity with a new system expected to deliver in the 2028 – 2030 window.  Annual power consumption of the 5 main Kimberley demand centres (Broome, Derby, Camballin/Looma, Fitzroy Crossing and Halls Creek) is ~ 190 GWh1 excluding power consumption for mining use.  Current gas demand for retail power generation is 6TJ/d to 13TJ/d (seasonal).  Plus more than 100 remote communities rely on diesel for primary power generation.  Additional robust demand for power outside the immediate “capture zone” by resource projects not on the gas pipeline network.  Existing and probable local mine project demand estimated at >15TJ/d. 1 Published Horizon Power data Buru Energy | Fuelling the Future - June 2026 Rafael growth offtake opportunities 11 Project Owner Location Road distance from Karratha (kms) Road distance from Rafael (kms) Approx. daily demand Notes Thunderbird Mineral Sands mine Sheffield Resources / Yansteel West Kimberley 730 115 2 TJ/d Natural potential customer due to proximity to Rafael Kimberley Meat Works Alberta Investment Management Co. West Kimberley 845 70 0.5 – 1 TJ/d Natural potential customer due to proximity Browns Range Heavy Rare Earths mine Northern Mineral East Kimberley 1,545 710 2 TJ/d FID 2Q 2026. First ore 2028. Requires trucked LNG Savannah Project Zeta Resources East Kimberley 1,405 570 3-4 TJ/d Currently under Care & Maintenance , proposal to create consolidated regional processing facility Winu Copper/Gold/Silver mine Rio Tinto North Pilbara 615 620 3 TJ/d FID early 2027. First ore 2030. Requires trucked LNG. Rafael location very competitive. Speewah Fluorite and Vanadium Projects Tivan Limited East Kimberley 1,520 685 1.5 – 3 TJ/d FID 4Q 2026. First ore 2029. Local offtake. Ridges Iron Ore Project Kimberley Metals Group (KMG) East Kimberley N/A 630 0.3 – 0.5 TJ/d Currently reliant on diesel for both plant power and heavy mobility fuel. Curtin Airbase Department of Defence West Kimberley N/A 90 Variable Opportunity for diesel and LPG Power generation for remote communities Horizon Power Various >1,000 >100 Variable Opportunity for diesel and LPG Transport & marine supply Wholesale & retail markets Kimberley / Pilbara N/A >100 4 to 6 million litres Diesel opportunity LPG supply Wholesale & retail markets Kimberley / Pilbara N/A >100 25 to 50 tonnes LPG opportunity Buru Energy | Fuelling the Future - June 2026 Derisked funding through strategic partnership A renewables and thermal hybrid power company powering the next generation of mining and resource projects in Australia. Delivers LNG with an extensive range of LNG sources and distribution capabilities, including:  CEFA’s 250 tpd plant in Mt Magnet, and it’s lifting agreements at the 175tpd LNG plant in Kwinana and 400tpd Pluto LNG truck loader in Karratha, WA  Australia’s largest fleet of LNG road tankers and ISO containers  LNG storage and vaporisation facilities for power generation and industrial applications across Australia Builds, owns and operates integrated LNG solutions for mining operations, communities and industry in Australia, with a strong portfolio of West Australian customers including Westgold Resources, Vault Minerals, Lynas Rare Earths, Pilbara Minerals and Bellevue Gold. An energy focused portfolio company, investing in energy infrastructure and low-carbon solutions US private equity firm with US$40 billion in assets under management. Investments in 89 companies operating across 70+ countries. The company invests in energy, utilities, transport and telecommunication projects in North America, Europe, Asia and Latin America. 12 CEFA (downstream operator) - finance, build, own and operate Rafael Gas Plant and distribute LNG to market (~A$ 150 million) Buru (upstream operator) - drill low- risk well (Rafael 2H) to support Reserves Certification and flow- assurance and convert Rafael 1 well to production well. Buru pays a fee to CEFA to process and distribute gas to customers Co-operation on marketing to be determined Buru Energy | Fuelling the Future - June 2026 Optimised schedule to capture value pre-FID 13 First cashflow targeting late 2028 / early 2029 Value-add activities: 1. Upstream / downstream project integration 2. Gas, liquids (diesel and LPG) marketing 3. Upstream funding, project commercial frameworks and agreements 4. EPA2 WA Referral 5. Agreement making with Traditional Owners 6. Drilling and flow testing Rafael 2H, recompleting and flow testing Rafael 1 7. Reserves Certification 1LPG = Liquified Petroleum Gas. 2EPA = Environmental Protection Authority Western Australia Drill Rafael 2H and Rafael 1 recompletion post-wet season, de-risks operational logistics, rig availability and aligns with the optimised development plan. Buru Energy | Fuelling the Future - June 2026 Buru funding options being assessed 14 Buru is working with Carlingford (UK) to facilitate the funding process with potential counterparties and others Several options being pursued in parallel Status of partner engagement  Multiple parties entering the Data Room and conducting technical and commercial due diligence.  Range of options available and under review Strong project fundamentals  Attractive project economics and improving sentiment on the role of gas, diesel and LPG in the medium to long term as reasons for interest  ~20 years foundation production and cash flow  Robust foundation project with material upside opportunities Process ongoing  Local and international parties whose strategic horizons remain aligned with project and value realisation timing. Liquids (diesel and LPG) product streams create additional project value, which increases the options available for funding and commercial agreements Buru Energy | Fuelling the Future - June 2026 PE/VC who specialise in the energy sector provide capital needed for resource appraisal Partnering with other companies to share upstream risk / reward associated with the Rafael Gas Project Loans / convertible notes secured against Rafael asset or future production Collaborate with larger, established companies to provide funding in exchange for share in future profits or production Buru has a portfolio of assets - Ungani oilfield (100%) 15  Ungani under care and maintenance since August 2023  Produced ~2.3MMbbls of oil to date with ~220,000 bbls remaining  Oil was previously sold at a premium to Dated Brent into the Southeast Asian market  Evaluating Ungani restart scenarios  Success at nearfield exploration prospect (Mars) can underpin re-commencement of production with robust economics  Currently seeking expressions of interest for the drilling of the Mars 1 exploration well Buru Energy | Fuelling the Future - June 2026 Buru has a portfolio of assets – Mars prospect (100%)  Located 9km from the Ungani Production Facility (UPF),  Mars 1 discovery can underpin UPF restart and increase commercialisation options on robust economic terms  Pipeline solution to Ungani could be laid in ~ 20 days at a cost of A$2 million  40% Geological Chance of Success  Mars 1 exploration well planned maximum total vertical depth of 1,808 mTVDSS (success case)  Drill and complete cost ~A$7 million  Progressing discussions with third parties 1 Prospective Resources relate to the estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) and relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. Refer to Buru ASX Release 17 June 2024 for full definitions and disclosures. Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. Prospective Resources (MMbbls)1 Low Best High Stock Tank Oil Initially in Place (STOIIP) 3.0 10.6 21.7 Ultimate Recovery of Oil (UR) 0.7 2.8 6.2 16 Buru Energy | Fuelling the Future - June 2026 Buru has a portfolio of assets – Yulleroo (100%) Depth Structure Map of the near top Lower Laurel Carbonates Yulleroo 2 clean-up flow 2010 Prospective Resources Low Best High Sales Gas (PJ) 124.6 302.8 611.0 Associated Liquids (MMbbls) 4.3 11.9 24.8  Yulleroo accumulation is defined by four wells - all intersecting thick gas saturated sections with gas below closure mapped on 3D seismic and Yulleroo 4 deliberately drilled outside closure  Potential conventional pay in Yulleroo 3  Yulleroo 2 in 2010 (3 zones) produced rates up to 1.8 mmcfd and high condensate content  Independent review by RISC estimated Contingent and Prospective Resource sales gas and associated liquids in the Yulleroo Field as at 1 December 2017 as follows: Contingent Resources 1C 2C 3C Unlimited Recoverable Sales Gas (PJ) 321.4 714.0 1,627.0 Unlimited Recoverable Associated Liquids (MMbbls) 9.5 24.9 47.6 • RISC’s Contingent Resource and Prospective Resource assessment has been prepared using the probabilistic method and an evaluation date of 1 December 2017. • Contingent Resources are quantities of petroleum estimates as of a given date to be potentially recoverable from known accumulations by application of development project(s) but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingent Resources are a class of discovered recoverable resources. • Prospective Resources are estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) that relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. • The full resource statement is set out in accordance with ASX Listing Rules in Buru’s ASX release of 18 January 2018. Buru Energy is not aware of any new information or data that materially affects the information included in the 18 January 2018 release and all material assumptions and technical parameters underpinning the estimates in that release continue to apply and have not materially changed. A significant unconventional gas and liquids rich accumulation on the western side of the Canning Basin 17 Summary  Rafael Gas Project transforms Buru - material foundation long term cash flow within 2 to 3 years - base case on P90 resource - valuable competitive advantages - high value upside opportunities  Partnering with CEFA - an existing growing industry participant - build own and operate processing plant  Rafael funding, securing project approvals and commercial agreements are the key near term deliverables  Advancing work to capture value from the other main assets - Ungani and Mars – oil - Yulleroo - gas Buru Energy | Fuelling the Future - June 2026 18 Experienced team to deliver 19 Ms Joanne Williams Executive Director from 8 May 20261 >25yrs technical, engineering Mr Malcolm King Independent Non-Executive Director >35yrs commercial, exploration, operations Paul Bird CFO and Company Secretary >25yrs finance, governance Mr David Maxwell Executive Chair from 8 May 20261 >35yrs strategy, gas commercialisation, risk and asset management Leaders with deep industry experience and a track record of value delivery Project Development Support Buru Energy | Fuelling the Future - June 2026 1 Executive Directive since 8 May 2026. Refer ASX announcement of 1 April 2026 Back-up ASX:BRU Example of a small-scale LNG facility at Mount Magnet, Western Australia. Photo courtesy of Clean Energy Fuels Australia (CEFA) Rafael Contingent Resources1 – T20 primary reservoir interval only (Buru analysis, post Rafael 3D seismic survey, pre-inversion analysis) Gross 1C2 2C 3C Gas Bscf 85 220 523 Condensate MMstb 1.8 4.5 10.6 Net 1C2 2C 3C Gas Bscf 76 176 401 Condensate MMstb 1.6 3.6 8.1 1 Refer to the ASX release of 26 July 2024 for full definitions and disclosures. Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. 2 High confidence resource volumes used to underpin Rafael Gas Project basis Rafael 1 drilled on 2D seismic in 2021 encountered significant gas columns in a large 4-way structural closure. (1) Primary Reservoir Interval (robust base case): • Crestal T20 Ungani Dolomite (Contingent Resources) • Proven reservoir, produced in Ungani Oilfield • Flow tested in 2022 and produced at 7.6 MMscf/d (2) Secondary Reservoir Interval (upside): • Upper T30 Laurel Dolomite (Prospective Resources) • Petrophysical evaluation indicates gas • Interval closed off and was not tested in 2022 due to operational difficulties Rafael - a large, onshore high confidence resource Rafael 1 Drilled W E Depth (mSS) Carbonate Indicator Ungani Dolomite T20 Upper Laurel Dolomite T30 T20 Ungani Dolomite TESTED INTERVAL T30 Upper Laurel Dolomite UNTESTED ZONE Rafael Web-AVO Inversion – K  Bulk Modulus, Carbonate Indicator Rafael 2H planned for early 2027 Deeper Nullara Carbonate Buru Energy | Fuelling the Future - June 2026 21 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 David Maxwell – Chair Paul Bird – CFO