New exploration prospects defined at Beete Project, Western Australia

2025 PROGRAM

• Drilling is underway with four rigs
• Conversion of inferred resources into indicated & further exploration drilling and geotechnical drilling.
• 5TH Rig to commence drilling mid-September
• 29 holes (18,361m) completed to date:
• Ongoing metallurgical work, focusing on flowsheet optionality with sulphide oxidation is a key part of our strategy to maximize the potential of the resource.
• Commencement of a Pre-Feasibility Study (PFS)

29 holes (18,361m) have been completed, and four drill holes are in progress. Two large-diameter core holes (PQ) were drilled for further metallurgical testing. Geotechnical drilling, along with geochemical and metallurgical testing, is being carried out to enhance processing techniques.

In preparation for the upcoming planned pre-feasibility study, other site activities include:

• Installing vibrating wire piezometers (VWPs) to monitor groundwater levels and gradients in drill holes.
• Collecting surface water samples.
• Planning mammal and habitat surveys to establish baseline data.
• Performing cultural resource studies, including paleontological assessments, for review by the State Historic Preservation Office (SHPO) and federal agencies, with mitigation plans developed as necessary.
• Mapping and evaluating wetlands to create and mitigation plan if necessary.
• Continuing geological mapping and identifying additional exploration targets for further refinement.

Metallurgical testing is currently underway at BaseMet Labs in Kamloops, BC. A new master composite, consisting of over 1,500 kg of material sourced from 12 drill holes, has been prepared.

The main objectives of the 2025 program using this new master composite are as follows:

• Confirming the metallurgical response of the Golden Summit resource by using a sample that incorporates a larger spatial and volumetric representation of material.

Begin optimizing the key economic drivers of the process flowsheet design, which includes:

• Determining the optimal primary grinding size and evaluating gravity and flotation recoveries.
• Improving the cleaner flotation concentrate grade and recovery.
• Producing a sufficient quantity of sulfide concentrate to conduct optimisation of oxidation tests using three commercially available processes that have proven effective for Golden Summit material. These processes are:
  • Pressure Oxidation – POX CIL TESTWORK TO DATE OVER 92%
  • Biox – BIOX CIL TESTWORK TO DATE OVER 91%
  • Albion – ALBION PROCESS™ OXIDATION-CIL OVER 93%
• Further investigating and characterizing the environmental impact of flowsheet products and tailings.

Two holes from the 2025 drill program, designated as PQ core GS2507 and GS2512, have been received at BaseMet and will be integrated into the ongoing PQ core test program once assays are received. This program aims to evaluate the comminution parameters of the Golden Summit deposit across various lithologies, alteration, and locations.

Wow Zone – GS2502 and…