Significant progress across the Central Rutile Project

Highlights

• 608 soil samples collected across the Central Rutile Project, delivering the first project-wide geochemical framework to pinpoint higher-grade rutile zones for targeted drilling.

• All soil samples processed and now undergoing in-house p-XRF analysis at Tusker’s newly established laboratory in Yaoundé, significantly reducing assay costs and turnaround times.

• Hand-auger drilling progressing strongly on the Bounde and Nganda licences, targeting the historically mapped 70 × 15 km BRGM high-grade rutile corridor.

• Drilling executed fully in-house, with Tusker’s technical team operating heavy-duty, tungsten-carbide reinforced equipment. All holes are reaching 12-16m depths, enabling systematic testing of mineralised horizons.

• Rapid operational growth in Cameroon with the building of a strong Cameroonian work force, setting up of a local corporate office and the building of a fit for purpose heavy-mineral sands laboratory in Yaoundé

• Strengthened in-country capability and infrastructure positions Tusker for a substantially expanded exploration program in 2026.

• Licence granting process advancing, with all required documentation submitted and currently awaiting inter-Ministerial technical committee review