Exploration Update - Cameroon

Highlights

• Multiple work programmes and studies underway to unlock the rutile and REE potential of the Central Rutile Project.

  Deep hand-auger drilling continues at the Bounde and Nganda licences, targeting the historically mapped 70 × 15 km BRGM high-grade rutile corridor.

  Systematic soil-sampling underway at the newly acquired Yaoundé West licences.

  Primary pXRF completed on 608 soil samples collected across the Central Rutile Project, data currently being assessed to interpret initial Ti and REE anomalous across the zone.

  Airborne radiometric dataset acquired over the Central Rutile Project, interpretation underway.

  Integration of pXRF results with radiometrics to delineate priority monazite/REE targets.

  Commissioning of Tusker’s Yaoundé heavy-mineral sands laboratory imminent, with steady state processing expected late Q1 / early Q2.

  Desktop remote-sensing targeting work underway to delineate priority targets for Q2 drill testing at the Douala Basin HMS project.