RC Drill Results Continue to Expand Guyer Footprint

Highlights

• An initial early-stage campaign of 31 RC holes for 6420m on two 1500m spaced drill sections each evaluating +1000m across the aircore bedrock gold anomaly at Guyer is now complete.
  
• Results for the first 15 RC holes on drill section 1 have been received, with every drill hole on the first section intersecting gold mineralisation within an altered granodiorite with results including:
  • 10m @ 0.67 g/t Au from 115m in GUYRC0003 Incl. 2m @1.89 g/t Au from 121m
  • 15m @ 0.47 g/t Au from 189m in GUYRC0005 Incl. 1m @ 1.22g/t from 201m
  • 10m @ 0.55 g/t Au from 76m in GUYRC0009 Incl. 1m @1.56 g/t Au from 83m
  • 13m @ 0.52 g/t Au from 78m in GUYRC0013 Incl. 5m @ 1.16 g/t Au from 79m
• The results confirm and expand upon the broad +1000m wide aircore anomaly, with multiple intervals of gold mineralisation now defined within the primary zone of the granodiorite host.
• The geology and alteration observed in drill section 2 is consistent with that seen in section 1 located 1500m to the north and these sections when combined with the aircore results demonstrate and support a large area of mineralised and altered granodiorite, with its limits and geometry yet to be defined.
• The Guyer Trend is part of the $35million exploration Farm-In and Joint Venture (JV) agreement signed on 18 December 2024 with Gold Road Resources Limited (ASX: GOR).
• A 3500m campaign of diamond drilling, designed to confirm structural orientations and vectors toward high-grade zones within the large granodiorite hosted gold envelope at Guyer is scheduled to commence in April.
• The ongoing exploration program is managed by Iceni and is part of the initial $5 million minimum expenditure commitment by GOR under the Farm-In agreement.

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