HIGHLIGHTS

• Latest assaying results from re-sampling of historical drill core confirms shallow high-grade gold-tungsten mineralisation including:

2019FTD011

• 10.0m @ 2.64g/t Au, 0.19% WO3 from 63.0m, including:

  • 4.0m @ 2.75g/t Au, 0.46% WO3, 0.07% Co, 0.02% Cu from 69.0m

2019FTD012

• 17.0m @ 1.65g/t Au, 0.17% WO3 from 76.0m, including:

  • 2.0m @ 2.41g/t Au, 0.58% WO₃, 0.17% Co, 0.18% Cu from 78m, and

  • 2.0m @ 4.09g/t Au, 0.55% WO₃, 0.04% Co, 0.12% Cu from 88

• Mineral Resource modelling underway with technical support from independent consultants, SRK Consulting (Australasia) Pty Ltd

• Follow-up drilling program to test depth extensions of high-grade gold-tungsten zone approved by Mineral Resources Tasmania

• Drilling planned to commence in Q2 2026 with results to feed into maiden Mineral Resource Estimate