Central Rutile Exploration Update

HIGHLIGHTS

• Expanded soil sampling campaign: Regional soil sampling campaign extended to include the 2,888km2 Yaoundé West licence package, bringing the total project area to 8,782 km2.

• Sampling underway: 255 soil samples collected to date from a planned 1,048 across the project-wide programme targeting high-grade rutile zones.

• Reconnaissance Auger Samples Dispatched: Auger drilling samples from the recently completed 24 auger hole programme at Nsimbo and Alamba (237.9m total, ave. depth 9.9m) shipped to South Africa for commercial laboratory analysis, with assays and mineral assemblage results expected within 5-6 weeks.

• Infrastructure Advancing: New warehouse secured for new heavy mineral sands laboratory; tungsten carbide-reinforced auger drilling equipment currently en route to Cameroon.

• Team Expansion: Cameroonian operations strengthened with key local hires in preparation of maiden drill programme ahead.