Announcement PDF ASX ANNOUNCEMENT ASX: DAL 16 Jan 2026 Maiden Sampling Identifies District-Scale Critical Minerals System at Blue Lagoon - Greenland Consistent High-Grade Zirconium, Hafnium, REE Mineralisation over ~2.7km strike ______________________________________________________________________________________ Highlights • Maiden sampling program at the Blue Lagoon Project (Blue Lagoon) unlocks new Zirconium (Zr) and Rare Earth Elements (REE) potential district in Greenland. • First sampling program at Blue Lagoon since 1979 has successfully returned elevated Zr + REE mineralisation. All 113 samples returned anomalous values, across a ~2.7km strike – indicating a highly prospective new critical metals district in Greenland. Zirconium & Hafnium • Exceptional high-grade Zirconium Oxide (ZrO2) and Hafnium Oxide (HfO2) surface samples include: o 4.42% ZrO2 & 98ppm HfO2 (Sediment Sample 26818D) o 4.09% ZrO2 & 99ppm HfO2 (Sediment Sample 26817D) o 3.82% ZrO2 & 82ppm HfO2 (Sediment Sample 26808D) o 3.58% ZrO2 & 61ppm HfO2 (Sediment Sample 26820D) o 3.13% ZrO2 & 62ppm HfO2 (Sediment Sample 26803D) o 2.85% ZrO2 & 73ppm HfO2 (Sediment Sample 26806D) • >2% ZrO2 and >40ppm HfO2 encountered in auger holes and sediment samples across the entire ~2.7km strike, indicating a large-scale, broad and well mineralised target area. • Hafnium is a critical semiconductor metal, which has become vital for supercharging the next-generation microchips and semiconductors, due to its high-K constant (dielectric constant) allowing Hafnium to store significantly more electrical charge than traditional SiO2 based semiconductors. • HfO2 has a K-constant approximately ~6x higher than SiO2, with one of the highest melting points of any compound, resulting in >1000x reduction in electron leakage through transistors versus SiO2 – underpinning the next generation of high-performing semiconductors1 . • HfO2 (High Purity) indicative sale price currently at AU $16,297/kg, reflecting its advanced chemical properties, increasing demand in high‑tech applications, and the scarcity of hafnium‑bearing minerals2 . o Blue Lagoon sampling has confirmed a ~2.7km strike with >2% ZrO2 and >40ppm HfO2 at surface, with potential for Hafnium grades to concentrate further at depth, subject to drilling confirmation. Rare Earths • The Blue Lagoon Project has returned high-grade REE results with consistent elevated Magnet Rare Earth Oxides (MREO)13 encountered at surface, with Total Rare Earth Oxide (TREO)13,16 grades highlighted by: o 8,079 ppm TREO with 29% MREO (Sediment Sample 26824D) o 6,491 ppm TREO with 27% MREO (Sediment Sample 26801D) o 5,668 ppm TREO with 27% MREO (Sediment Sample 26824C) o 5,654 ppm TREO with 27% MREO (Sediment Sample 26823D) o 5,519 ppm TREO with 25% MREO (Sediment Sample 26818D) • Blue Lagoon has shown exceptional Heavy Rare Earth Oxides (HREO)14,15 enriched in Dysprosium (Dy2O3) and Terbium (Tb4O7) grades encountered at surface, unlocking a new completely untapped district in Greenland: o 886ppm HREO (Sediment Sample 26824D) o 752ppm HREO (Sediment Sample 26801D) o 742ppm HREO (Sediment Sample 26823D) o 682ppm HREO (Sediment Sample 26807D) o 654ppm HREO (Sediment Sample 26806D) o 628ppm HREO (Sediment Sample 26818D) o 615ppm HREO (Sediment Sample 26808D) o 597ppm HREO (Sediment Sample 26824C) o 596ppm HREO (Sediment Sample 26817D) o 589ppm HREO (Sediment Sample 26822D) o 559ppm HREO (Sediment Sample 26820D) • TREO grades and HREO grades have the strong potential to improve as Dalaroo continues to assess full district potential of the Blue Lagoon Project and drill test immediate targets to determine the scale of the mineralised system. • Importantly, sampling at Blue Lagoon has returned low Uranium levels, with a maximum reading of 25ppm U3O8 which has the potential to simplify processing complexities and encouragingly falls below the 100ppm uranium threshold levels for permitting in Greenland • Placer & Liberated REE Potential: These exceptional REE grades were encountered at surface, consistently over the entire ~2.7km strike. With the natural weathering having enriched the REE into beach-like alluvial sediments – indicating potential for a proximal placer style REE deposit, where REE grains have been freely-liberated and has the potential to produce a REE concentrate through low CAPEX, simple physical separation methods. Multi-Element Critical Mineral Potential • Maiden sampling of the Blue Lagoon Project has shown early potential for discovery of a new critical minerals district in Greenland for Zr, REE, Hf and Gallium (Ga2O3), consisting similar geology as Tanbreez4-7 : o Sample 26801D – 1.59% ZrO2, 78ppm HfO2, 71ppm Ga2O3, 6,491ppm TREO, 886ppm HREO o Sample 26818D – 4.42% ZrO2, 98ppm HfO2, 31ppm Ga2O3, 5,518ppm TREO, 628ppm HREO o Sample 26823D – 2.69% ZrO2, 54ppm HfO2, 39ppm Ga2O3, 5,654ppm TREO, 742ppm HREO Strategic Significance • Greenland continues to attract growing strategic interest from Western governments seeking secure, transparent, and conflict‑free critical mineral supply chains. Its geopolitical position and resource endowment highlight Greenland’s increasing importance as a stable source of critical minerals for Western markets. Favourable Uranium and Thorium Assays • Maiden assay results have returned low uranium levels in compliance with Greenland’s uranium ban under Act No 20 (Uranium Act) passed December 202110 in which uranium exploration and production is prohibited above a 100ppm threshold. Upcoming Newsflows • Follow-up exploration and development work is planned to commence immediately. • Upcoming catalysts may include: desktop studies, geophysics analysis, ground geophysical programs (magnetics), radiometric and gravity surveys, 3D geological modelling, Phase 2 field program including drilling and exploration results; metallurgical testing; potential commercial collaborations; and ongoing engagement with the Government of Greenland and other relevant authorities, bodies and institutions. • Once Metallurgical work is completed Dalaroo will also be investigating; near term development and processing options for Blue Lagoon including gravity-separation mining and downstream processing of the Blue Lagoon Project. Fully Funded Following Recent Capital Raise • Dalaroo is fully funded following its recent $0.055 per share capital raising as announced on the 15 October 2025 – to conduct upcoming catalysts in Greenland on the Blue Lagoon Project and as well as drilling in Cote D’Ivoire. Dalaroo CEO John Morgan commented: “These maiden results represent a highly encouraging start to modern exploration at the Blue Lagoon Project and provide strong validation of the historical Greenland and Denmark Geological Survey (GEUS) geochemical anomalies that originally attracted us to this area. “The scale and consistency of rare earth, niobium and zirconium anomalism over a ~2.7-kilometre strike, combined with exceptionally low uranium and thorium levels, confirms we are dealing with a robust and regionally extensive critical minerals system. “While these results are from first-pass surface sampling, they already demonstrate grades comparable with early-stage results from several globally recognised alkaline-hosted rare earth systems in Greenland. Importantly, this work confirms that the Project hosts a fertile mineral system with clear potential to grow through systematic follow-up exploration.” Dalaroo Metals Limited (“Dalaroo” or the “Company”, ASX:DAL) is pleased to announce the results of its 2025 exploration program completed at the Company’s 100%-owned Blue Lagoon Project in Greenland (Figure 1). The 2025 field program comprised a systematic, project-wide geochemical sampling campaign designed to evaluate the distribution, tenor and deportment of Rare Earth Elements (REE), including Light Rare Earth Elements (LREE) and Heavy Rare Earth Elements (HREE), together with niobium (Nb) and zirconium (Zr). Sampling focused on stream sediments, lagoon margin sediments and surficial materials, targeting both active and relict drainage systems, as well as beach and lagoon environments considered prospective for secondary enrichment and heavy mineral concentration. At each sampling location, material was collected and separated into multiple grain-size fractions prior to laboratory analysis. This methodology was implemented to assess metal partitioning, identify preferential size fractions hosting mineralisation, and evaluate the potential for natural upgrading and future beneficiation pathways. The multi- fraction approach provides valuable insights into the behaviour of critical minerals within the weathering profile and sedimentary environment. Analytical results confirm strong, coherent multi-element anomalism in Total Rare Earth Oxides (TREO), LREE, and Heavy Rare Earth Oxides (HREO), together with Nb and Zr, across broad areas of the Project. The spatial distribution and magnitude of these anomalies demonstrate a strong correlation with historical regional geochemical data generated by the Greenland and Denmark Geological Survey (GEUS) in 1979. Importantly, this historical dataset had not been systematically followed up using modern exploration techniques prior to Dalaroo’s maiden sampling program. Validation of the GEUS dataset significantly de-risks the Project and provides independent confirmation of the regional prospectivity for critical minerals. The persistence of anomalism across multiple sample types and grain-size fractions suggests a robust mineralising system and supports Dalaroo’s exploration model, which targets near- surface, potentially low-complexity mineralisation styles associated with alkaline intrusive systems. The presence of coherent TREO, LREE and HREO anomalism is consistent with geological models for alkaline-hosted and secondary enriched mineral systems, which globally host several significant critical mineral deposits. The enrichment in both light and heavy rare earth elements highlights the potential for a balanced REE assemblage, including magnet metals critical for clean energy and advanced technology applications. The maiden program has successfully established a strong geochemical foundation for follow-up exploration. Results will be integrated with geological mapping, mineralogical studies and remote sensing data to refine priority target areas. Planned next steps include infill sampling, trenching and shallow drilling to test the source and geometry of the anomalous zones and to assess continuity and grade distribution. Figure 1. Map of southern Greenland showing project location and other relevant deposits. Jurisdictional Significance The Blue Lagoon Project is closely aligned with Dalaroo’s strategy to build exposure to high-value critical minerals within stable, premier jurisdictions. Greenland has become a focal point for governments and industry seeking conflict-free, secure, transparent and responsibly developed sources of rare earth elements, niobium and zirconium. Greenland’s geological endowment, combined with supportive regulatory frameworks and strong geopolitical relevance, positions the region as an increasingly important contributor to Western supply chains. Recent public statements from both the U.S. Administration and the European Union have reaffirmed Greenland’s emerging role in global critical-minerals diversification efforts. These agencies continue to emphasise the importance of establishing resilient supply routes for the production of conflict-free rare earths and related strategic metals, particularly as Western economies work to reduce dependency on single-source suppliers and strengthen long-term industrial resilience. Against this backdrop, Dalaroo’s exploration success at Blue Lagoon provides timely exposure to a jurisdiction that is attracting heightened international interest. The initial field program has identified key geological features supportive of a potentially significant critical-minerals system. This positions the Company to meaningfully participate in the broader strategic shift underway, with Blue Lagoon offering an opportunity to advance a project that may contribute to future Western supply-chain security. Exploration Work Completed Two principal exploration work streams were completed at the Blue Lagoon Project during the 2025 field season, representing the first phase of systematic modern exploration across the Project area (Figure 2). The first completed work stream comprised hand-auger drilling targeting beach-like sedimentary deposits along the Blue Lagoon shoreline and surrounds. Seven (7) auger holes were completed to depths of approximately 0.4–0.9 m, with average sample weights of ~2 kg. These surficial environments are interpreted as favourable for the development of weathered, fine-grained heavy mineral sand and residual concentrations. Such settings are considered prospective for secondary enrichment of niobium, zirconium and rare earth elements through prolonged weathering, sedimentary reworking and hydraulic sorting. Auger drilling provided a low-impact method to test near-surface stratigraphy and geochemical characteristics. The second completed work stream comprised of a project-wide geochemical sampling and prospecting program across the broader tenement package (Figure 1). Twenty-six (26) samples were collected over ~2.5 km², equating to an average density of approximately one sample per 0.1 km², consistent with first-pass regional exploration. Sampling included systematic stream-sediment, soil and rock-chip sampling combined with geological reconnaissance. The program aimed to establish a geochemical framework, define background and anomalous distributions, and identify trends associated with potential alkaline-related mineralisation systems. Samples were collected as –2 mm field material and dried and sieved into multiple grain-size fractions to assess metal deportment and upgrading potential. Size fractions analysed included: • -2.0mm to +1.0mm • -1.0mm to +0.5mm • -0.5mm to +0.25mm • -0.25 mm All auger samples were analysed as a –0.25 mm fraction, consistent with JORC sampling protocols. Following preparation and splitting, 113 samples were submitted to ALS Laboratories Ltd (Perth) for multi-element analysis using fusion digestion and ICP-MS. All samples returned anomalous values above background across the 2.7 km area sampled. This continuous anomalous zone demonstrates strong geological continuity and indicates a laterally extensive mineralised system rather than isolated point anomalies, enhancing the scale potential of the target area. Figure 2. Shows location of samples taken during 2025 exploration season. **For clarity A to D suffixes have been removed. Samples with same suffix are duplicates at different grain size. Blue Lagoon Exploration Results Niobium (Nb) Niobium results are highly anomalous across the project area: • Typical values range between 400 and 1,000 ppm Nb • Peak value recorded of ~1,465 ppm Nb • Background crustal abundance is approximately 20 ppm These results represent 20 to 70 times background levels, confirming a highly prospective niobium system. The anomalism is: • Spatially coherent • Repeatable across multiple sites • Consistent across size fractions This strongly suggests the presence of: • Fertile alkaline or carbonatite-style intrusives • Potential primary pyrochlore-style niobium mineralisation. Figure 3. Nb Assay Results from Blue Lagoon Project. Zirconium (Zr) Zirconium values are outstanding across the dataset: • Numerous samples exceeding 10,000 ppm Zr • Peak result of approximately 32,700 ppm Zr The consistency and magnitude of zirconium enrichment confirms: • Abundant zircon-rich heavy mineral assemblages • Strong provenance from alkaline intrusive source rocks • Potential for both: o Secondary placer-style accumulations o Primary hard-rock zirconium sources Figure 4. Zr Assay results from Blue Lagoon Project. Hafnium (Hf) Multiple sediment and auger samples returned consistently elevated hafnium values across the entire 2.7 km strike, with standout results including: • 99 ppm Hf (Sample 26817D) • 98 ppm Hf (Sample 26818D) • 82 ppm Hf (Sample 26808D) • 73 ppm Hf (Sample 26806D) • 62 ppm Hf (Sample 26803D) • 61 ppm Hf (Sample 26820D) Importantly, hafnium values exceeding 40 ppm were recorded continuously along strike, demonstrating strong geological continuity and indicating a laterally extensive mineralised system rather than isolated point anomalies. Hafnium shows a strong spatial correlation with zirconium, consistent with zircon-hosted hafnium mineralisation, which is characteristic of alkaline intrusive systems. This relationship confirms a common magmatic source and supports the interpretation of a fertile alkaline system underlying the Project area. Grain-size fractionation analysis demonstrates systematic hafnium enrichment in finer fractions, with peak values consistently occurring in the –0.25 mm size fraction. These results indicates: • Hafnium is hosted within fine heavy mineral phases • Natural upgrading through weathering and sedimentary sorting • Potential for low-cost physical beneficiation via gravity separation Strategic Significance of Hafnium Hafnium is an emerging critical semiconductor metal, essential for next-generation microchips and advanced electronics. Hafnium oxide (HfO₂) is rapidly replacing silicon dioxide (SiO₂) in transistor gate dielectrics due to its: • High dielectric constant (K-constant ~6x higher than SiO₂) • Extremely low electron leakage • Exceptional thermal stability and high melting point These properties enable higher performance, smaller and more energy-efficient semiconductors, making hafnium a strategically important metal for global technology supply chains. Figure 5. HfO2 Assay results at Blue Lagoon Project. TREO (Total Rare Earth Oxide) Results: This program represents only the first phase of modern exploration for the Blue Lagoon Project. Dalaroo is now planning follow-up work to including detailed geochemistry, mineralogical studies and shallow drilling to better understand the scale, continuity and source of these anomalous systems. Peak samples returned calculated TREO values of up to ~8,079 ppm (0.81% TREO), confirming a highly anomalous rare earth system at surface. The scale of TREO anomalism observed at surface at Blue Lagoon is highly significant and aligns with — and in several cases exceeds — early‑stage results reported from globally recognised alkaline‑hosted REE systems in Greenland and other leading international jurisdictions. Blue Lagoon has returned values of up to ~8,079 ppm TREO from first-pass surface sampling, highlighting the strength of the system and supporting the Company’s view that the Project hosts a highly prospective alkaline- related mineral system. TREO values are calculated from individual rare earth element assays using standard oxide conversion factors and are indicative only (Appendix D). TREO values are indicative only and do not represent a Mineral Resource Estimate. Figure 6. TREO Assay results in percentage at Blue Lagoon Project. Light Rare Earth Elements (LREE) The program returned exceptionally strong LREE results, confirming significant enrichment in economically important magnet and industrial elements. Peak values recorded include: • Cerium (Ce)> 2,000 ppm • Lanthanum (La) > 1,200 ppm • Neodymium (Nd) ~900 ppm • Praseodymium (Pr) > 250ppm • Samarium (Sm) ~ 150 ppm LREE enrichment shows strong spatial continuity across multiple sampling locations, demonstrating a coherent mineralised system rather than isolated anomalies. Grades consistently increase in finer fractions, indicating LREEs are hosted within fine-grained accessory minerals such as monazite and allanite. The strong La–Ce–Pr–Nd association is diagnostic of alkaline intrusive-related REE systems, supporting the Company’s geological model for the Project. Heavy Rare Earth Oxides (HREO) The program at the Blue Lagoon Project has returned exceptionally strong Heavy Rare Earth Oxide (HREO) results, with multiple samples reporting elevated concentrations of critical magnet metals including dysprosium (Dy₂O₃) and terbium (Tb₄O₇). These elements are essential for high-performance permanent magnets used in electric vehicles, wind turbines and advanced defence technologies. Peak HREO values recorded from surface sampling include: • 886 ppm HREO (Sample 26824D) • 752 ppm HREO (Sample 26801D) • 742 ppm HREO (Sample 26823D) • 682 ppm HREO (Sample 26807D) • 654 ppm HREO (Sample 26806D) • 628 ppm HREO (Sample 26818D) • 615 ppm HREO (Sample 26808D) • 597 ppm HREO (Sample 26824C) The consistent presence of elevated HREO values across multiple locations and grain-size fractions demonstrates a robust and laterally continuous heavy rare earth system. HREO enrichment is observed to systematically increase within the finest grain-size fractions (-0.25 mm), indicating preferential concentration within fine heavy mineral phases. This behaviour supports the Company’s exploration model and suggests strong potential for natural upgrading and simplified beneficiation through low-cost physical separation techniques. The presence of elevated HREO grades at surface, combined with extremely low uranium and thorium levels, positions Blue Lagoon as a highly attractive emerging heavy rare earth district with potential to contribute to secure Western supply chains. Grain Size Fractionation One of the most significant technical outcomes of the program is the systematic increase in grade with decreasing grain size. This relationship is observed consistently across: • Rare earth elements • Niobium • Zirconium The strongest enrichment occurs within the finest fraction (-0.25 mm), indicating: • Metals are hosted within fine heavy mineral phases • Natural upgrading through weathering processes • Potential for simplified beneficiation and processing using simple screening and gravity separation Uranium and Thorium Uranium and thorium results across the dataset are consistently low and near background levels, with no significant anomalism identified. This is an important and favourable characteristic of the Project, as it indicates that rare earth mineralisation is not associated with elevated radioactive elements. The low U and Th values are consistent across all sample types and grain-size fractions, confirming that the REE system is non-radioactive in nature. This significantly reduces potential permitting, handling and transport constraints and is considered a positive metallurgical and environmental attribute. The absence of elevated uranium and thorium distinguishes Blue Lagoon from several other Greenland REE projects and enhances its attractiveness as a potential future development opportunity. Historical Exploration Work A GEUS regional stream sediment sampling program took a total of 9 stream sediment samples from the current tenement area in 1979. These indicate the area as being anomalous in zirconium, niobium and REEs, particularly the magnetic rare earth neodymium. Significantly the samples returned background to very low-level uranium and thorium content, which is critical for shipping and permitting. There is no record of any exploration having been undertaken on the tenement area to follow-up the anomalous results. Historic sample details in Appendix C. Geological Setting The Project lies within the Paleoproterozoic rift province of South Greenland (Figure 7), which comprises sedimentary sequences intruded by a variety of alkaline volcanic and plutonic igneous rocks. This rift setting was subsequently intruded by Mesoproterozoic Gardar-age alkaline intrusive complexes, which are recognised globally for their association with critical mineral systems. Blue Lagoon Mineral Exploration Licence - MEL 2022-07 is located within the Helene alkaline granite, forming the westernmost exposure of the Nunarsuit Complex. The Nunarsuit Complex is the largest, and among the youngest, of the Gardar-age intrusions in South Greenland and is comprised predominantly of alkaline syenitic and granitic units. The Project area is bounded to the east by extensive alkalic syenite, further reinforcing the prospectivity of the geological setting for zirconium, niobium and rare earth element enrichment. Figure 7. Location of the Blue Lagoon Project, South-West Greenland. Follow up Exploration Activities Planning for the 2026 exploration season is underway with follow-up exploration and development work planned to commence immediately, subject to permitting, weather conditions and logistical constraints. Dalaroo will undertake detailed interpretation of the 2025 exploration results to further refine its geological understanding of the Blue Lagoon Project and finalise planning for the upcoming field season. This work will integrate geochemical datasets with geological mapping, grain-size fraction analysis, mineralogical observations and remote sensing to prioritise target areas and refine the Company’s exploration model. Upcoming catalysts include: • Desktop geological and geochemical studies integrating all historical and recent datasets. • Topographic and ground geophysical programs, potentially including magnetic geophysical surveys to assist in refining geological and structural controls to prioritise targeting of prospective zones. • A staged Phase 2 field program, including: o Ground Penetrating Radar (GPR) to map sediment thickness, internal stratigraphy and bedrock topography. o Follow-up auger and/or sonic drilling to test anomalies at depth and assess vertical grade continuity o Handheld XRF surveys for rapid, in-field geochemical screening and real-time targeting o Upslope and source-area sampling to identify potential primary bedrock sources • Mineralogical and metallurgical studies to characterise REE, Nb and Zr host phases, assess liberation characteristics and evaluate physical beneficiation potential. • Progressive reporting of exploration results to the market. Strategic stakeholder engagement: • Ongoing engagement will continue with the Government of Greenland and relevant Greenlandic authorities to support permitting, project development pathways and potential commercial collaborations. Management Commentary “Dalaroo’s maiden exploration program at Blue Lagoon has delivered a strong technical foundation for the Project and confirms the presence of a coherent, large-scale critical minerals system. The results validate historical GEUS data and demonstrate that modern exploration techniques can unlock significant new opportunities within this under-explored region of Greenland. “The consistent multi-element anomalism in rare earth elements, zirconium and niobium, combined with very low uranium and thorium levels, positions the Blue Lagoon Project as a highly compelling project within a favourable regulatory jurisdiction. Importantly, the enrichment of mineralisation within finer grain-size fractions highlights the potential for natural upgrading and supports the Company’s focus on near-surface, potentially lower- complexity mineralisation styles. “Following the Company’s recent $0.055 per share capital raising, Dalaroo is well funded to advance the next phase of exploration. Over the coming months, the technical team will complete detailed interpretation of the current dataset and integrate geochemistry, mapping and remote sensing to refine priority targets together with investigating near term processing and gravity separation mining options once an economical deposit has been defined. These programs are designed to systematically de-risk the Project and assess the scale, continuity and economic potential of the mineralised system. The Company believes Blue Lagoon represents a significant growth opportunity and looks forward to providing the market with further updates the development of Blue Lagoon progresses.” ENDS Authorised for release to the ASX by the Board of Dalaroo Metals Ltd. For more information: Please visit our website for more information: www.dalaroometals.com.au John Morgan, T: +61 410 774 319 E: jmorgan@dalaroometals.com.au COMPETENT PERSON STATEMENT The information in this report that relates to exploration results is based on information compiled by John Morgan, a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and the CEO of Dalaroo Metals Ltd. Mr Morgan has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Morgan consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements which are based on current expectations, assumptions, estimates and projections. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. These risks include, but are not limited to, exploration success, geological interpretation, commodity price fluctuations, regulatory approvals, permitting timelines, operational risks and market conditions. Any statements regarding potential mineralisation, exploration targets, grades, scale or development concepts are conceptual in nature and based on early-stage surface sampling only. These statements do not constitute, and should not be construed as, a Mineral Resource or Ore Reserve estimate as defined under the JORC Code. References to peer projects, market pricing, strategic significance or potential future development pathways are provided for contextual purposes only and should not be interpreted as a forecast of future performance or valuation. Commodity pricing info