High-grade saprolite-hosted rutile confirmed

HIGHLIGHTS

• Assay results from the Central Rutile Project have been received from Scientific Services in Cape Town, consisting of 10 auger holes, 12 channel sample localities, and 3 stream samples

• Auger and channel samples confirmed HM and rutile mineralisation extending from surface and ending in mineralisation

• High-grade mineralisation of up to 2.1% rutile over 1m at Nsimbo and 1.57% rutile over 1m at Alamba

• XRD analysis confirms that rutile is the dominant titanium bearing mineral, highlighting low levels of ilmenite and no leucoxene present

• Significant channel sample intercepts include:

• 3.5m @ 0.78% rutile (5.29% HM) from 0m, including 1m @ 2.1% rutile from 1m (GRMGB0007)

• 5.8m @ 0.47% rutile (6.98% HM) from 0m, including 1m @ 1.57% rutile from surface (GRMGB0005)

• 4.8m @ 0.3% rutile (4.99% HM) from 0m, including 2m @ 0.46% rutile from surface (GRMGB0006)

• Significant auger intercepts include:

• 2.25m @ 0.6% rutile (8.7% HM), including 0.95m @ 0.96% rutile from surface (GRMAU0004)

• 0.8m @ 0.66% rutile (2.81% HM) from surface (GRMAU0010)

• 1.35m @ 0.84% rutile (1.23% HM) from 0m (GRMAU0013)

• High-grade saprolite-hosted rutile mineralisation confirmed over 41km southeast northwest strike-length between Nsimbo and Alamba tenements

• The Company’s systematic soil sampling campaign covering the full 5,901km2 project area is nearing 35% complete

• Follow-up reconnaissance auger drilling at high-priority targets in northern Nsimbo and Alamba tenements recently completed, with 24 holes for 237.9m drilled (for an average depth of 9.9m per hole)

• Further results will be reported over coming months as the exploration programmes progress