High Grade Results Materially Extend Gallium REE Phosphate

Highlights

Tundulu Rare Earth, Phosphate & Gallium Project

• Results from systematic surface sampling confirms and materially extends known high-grade gallium (Ga) mineralisation across Nathace Hill, reinforcing Tundulu’s potential as a large, multi-commodity critical minerals system. Only ~40% of the project has been drill tested.

• High Grade Gallium results of up to 82g/t Ga2O3, with strong multi-commodity credits including REEs, phosphate and niobium.

• Gallium mineralisation is now demonstrated across the entirety of Nathace Hill, significantly extending the footprint beyond previously recognised high-grade zones.

• Results also confirm previously underappreciated Niobium (Nb2O5) mineralisation, adding further strategic optionality.

Machinga HREE & Niobium Project

• Surface sampling, including 116 rock-chip and soil samples, has confirmed gallium as an additional high-value component within the Machinga Project, alongside established HREE and niobium mineralisation.  

• High-grade gallium results up to 75.28g/t Ga2O3, demonstrating continuity and scale potential across the license area.  

• Gallium occurrence across the project area further increases its upside potential in addition to the already existing REE and Niobium mineralisation at Machinga.

• Sampling across a large radiometric anomaly returned encouraging REE results of up to 0.79% TREO (MHG0076), confirming the anomaly’s relevance.

• The confirmation of gallium at Machinga significantly enhances the project’s upside, supporting further targeted exploration and future drill testing.