Africa Down Under Presentation September 2026
Released
Released
Announcement PDF
dalaroometals.com.au | ASX:DAL | 1
BUILDING A CÔTE D’IVOIRE GOLD
GROWTH PLATFORM
AFRICA DOWN UNDER PRESENTATION | SEPTEMBER 2026
ASX:DAL | OTCQB:DALMF
IMAGE: ARTISANAL WORKINGS BONGOUANOU
Fully Funded Maiden Drilling at Bondoukou Gold Ridge
dalaroometals.com.au | ASX:DAL | 2
Important Notice & Disclaimer
DISCLAIMER
The information contained in this Presentation and all other information provided (whether in writing or otherwise) is
confidential and has been prepared to assist the recipient in evaluating the business and prospects of Dalaroo
Metals Ltd (”Dalaroo” or the “Company”).
No representation, warranty or undertaking, express or implied, is made and no responsibility is accepted by
Dalaroo as to the accuracy, currency or completeness of any part of this Presentation or any further information
supplied by or on behalf of Dalaroo in connection with Dalaroo.
Nothing contained in this Presentation or any other written or oral communication transmitted or made available to
the recipient is, or shall be relied upon as, a promise or representation and no representation or warranty is made as
to the accuracy or attainability of any technical or financial information set out in this document. Recipients must
make their own investigations and inquiries regarding all assumptions, risks, uncertainties and contingencies which
may affect the future operations of Dalaroo.
Dalaroo does not accept liability for any loss or damage suffered or incurred by the recipient or any other person
however caused (including negligence) relating in any way to this Presentation, including, without limitation, the
information contained in it, any errors or omissions however caused, or the recipient or any other person placing any
reliance on this Presentation, its accuracy, completeness, currency or reliability. Dalaroo does not accept any
responsibility to inform the recipient of any matter arising or coming to its notice which may affect any matter
referred to in this Presentation. Dalaroo has not authorised any person to make any statements or representations,
which are not expressly contained in this Presentation. To the maximum extent permitted by law, any liability of
Dalaroo to a recipient or to any other person arising out of this Presentation is expressly disclaimed and excluded.
This report may include forward-looking statements. Forward-looking statements include, but are not limited to,
statements concerning the planned exploration program and other statements that are not historical facts. When
used in this report, the words "could", "plan", "estimate", "expect", "intend", "should" and similar expressions are
forward-looking statements. Although Dalaroo believes that its expectations reflected in these forward-looking
statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that
actual results will be consistent with these forward-looking statements.
The statements and information contained in this report are not investment or financial product advice and are not
intended to be used by persons in deciding to make an investment decision. In releasing this report, Dalaroo has not
considered the objectives, financial position or requirements of any particular recipient. Accordingly, potential
investors should obtain financial advice from a qualified financial advisor prior to making an investment decision.
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.
This presentation includes exploration results from the Blue Lagoon Project in Greenland, the Bondoukou and
Bongouanou Projects in Côte d’Ivoire, and Watheroo and Lyons River Projects in Western Australia is extracted
from the ASX Announcements:
10 August 2026 - Drill Pads complete ahead of fully funded RC Program at Bondoukou
27 July 2026 - Bondoukou Gold Ridge Drilling Preparation nears Completion
15 June 2026 – 7 km Gold Corridor defined at Bondoukou Project with peak soils of 23.26 g/t Au
02 June 2026 - Gold Ridge Soils Define 4.3 km Anomaly, Peak 2,188 ppb Au
These announcements are available to view on the Company's website (www.dalaroometals.com.au). The
Company confirms that it is not aware of any new information or data that materially affects the information
included in the original market announcements and that all the material assumptions and technical parameters
continue to apply and have not materially changed. The Company confirms that the form and context in which
the Competent Person's findings are presented have not been materially modified from the original market
announcement.
This presentation has been authorised for release by the Board of Directors
dalaroometals.com.au | ASX:DAL | 3
Directors & Key Management
John Morgan
Chief Executive Officer
Mr Morgan is an accomplished mining and
exploration executive with more than 18 years of
experience across Western Australia’s gold,
nickel and base metals sectors. He has held
senior operational, geological and exploration
leadership roles with companies including
Focus Minerals, Westgold Resources and
Panoramic Resources, where he contributed to
significant resource growth, mine optimisation
and exploration program advancement across
multiple production and development assets.
Bilal Ahmad
Non-Executive Chairman
Mr Ahmad is an accomplished investor with an
extensive 15-year track record of strategic
investments in ASX-listed companies and
private ventures. His focus spans the
resources, technology, and life science
sectors, where he has consistently deployed
capital to support growth and innovation of
emerging companies.
Joshua Gordon
Non-Executive Director
Mr Gordon is an experienced corporate finance
professional who has raised capital for many small
and emerging resource and energy companies on
the ASX. Mr Gordon is well versed in all facets of
the Equity Capital Market transaction lifecycle with
deep experience in transaction origination,
structuring, execution and distribution. Mr Gordon
is also a Non-Executive Director of Critical
Resources Ltd, Non-Executive Director of Skin
Care Elements and a former Non-Executive
Director of Traka Resources Limited, former
director at Advanced Metals Ltd.
Tim Wither
Non-Executive Director
Mr Wither has over 20 years of experience in the
global resource sector. Tim has held senior
leadership and strategic roles across Australia,
India, Africa and South America. Mr Wither
recently served as Managing Director of
Maximus Resources Ltd (ASX: MXR), where he
oversaw the company's strategic growth
initiatives and exploration programs, including a
US$3m lithium joint venture with the Korean
government agency KOMIR and a non-binding
MOU with global battery manufacturer LG
Energy Solution.
Frank Twum-Berima Bosompem
Exploration Manager - Côte d’Ivoire
Mr Bosompem is an experienced West African
exploration geologist with over 18 years’
experience across the Birimian gold terranes.
He brings strong expertise in target generation,
field execution, geological interpretation and
resource growth. Previously the Exploration
Manager at Tietto Minerals, he contributed to
advancing the Abujar Gold Project in Côte
d’Ivoire. At Dalaroo Metals, Mr Bosompem leads
in-country exploration activities, driving
programs to advance the Company’s gold
portfolio.
Faheem Ahmed
Non-Executive Director
Mr Ahmed is a mining executive with experience in
exploration, project development, corporate
strategy and capital markets. He is Chief Executive
Officer of Altair Minerals Ltd and a Non-Executive
Director of Infini Resources Ltd.
Previously a Non-Executive Director of Viridis
Mining & Minerals Ltd, Mr Ahmed helped secure and
advance the Colossus Rare Earths Project. He
holds degrees in Engineering and Project
Management and brings experience in asset
evaluation, corporate governance and investor
engagement.
Mohamed Niaré
Business Development - Côte d’Ivoire
Mr Niaré is an experienced mining professional
with a strong track record in business
development and project advancement across
West Africa. He has held senior roles with
Newmont, Resolute Mining, Kodal Minerals and
African Gold, including involvement in African
Gold’s acquisition by Montage Gold. At Dalaroo
Metals, Mr Niaré leads in-country strategy,
stakeholder engagement and growth across the
Company’s Côte d’Ivoire portfolio.
Trystan Hughes
Exploration Manager – Greenland &
Western Australia
Trystan Hughes is an experienced geologist with
over 15 years’ experience across gold and
critical minerals exploration and mining. He has
a strong track record in designing and delivering
greenfields and brownfields exploration
programs, resource modelling and JORC-
compliant reporting. He brings international
experience in Greenland from the Nalunaq gold
project, including regional mapping and target
generation in remote Arctic environments,
supporting Dalaroo’s advancement of its Blue
Lagoon Project.
Corporate
dalaroometals.com.au | ASX:DAL | 4
Corporate Overview
SHARES ON ISSUE
10.3% Held by Directors
69.5% Top 20 Shareholders
30.5% Remaining
Shareholders
$27.3m
Market Cap
(Share Price $0.07 26 Aug 2026)
390m
Total Shares on issue
238m
Share Options
Plus 35.5m of Performance Options
Corporate
REE
Blue Lagoon
Au
Bondoukou
Au
Bongouanou
Au
Good Body
Pb-Zn-Ag, Au, Li
Lyons River
Cu-Ni
Watheroo
ASX:DAL
dalaroometals.com.au | ASX:DAL | 5
CÔTE D’IVOIRE
SIX GOLD PROJECTS IN AN EMERGING WEST AFRICAN
GOLD DISTRICT
(GOLD)
IMAGE: IVORY COAST
dalaroometals.com.au | ASX:DAL | 6
Côte d’Ivoire
Multi-project portfolio
Six project areas in a highly prospective jurisdiction.
In-country team
Geology manager and team all ex Tietto during discovery phase.
Business Development Manager was part of the success of African Gold
and Many Peaks.
Underexplored area
Exposure to a highly sought-after and underexplored jurisdiction
of Côte d’Ivoire.
ASX gold companies in Côte d’Ivoire
Include Perseus Mining (ASX: PRU), Turaco Gold (ASX: TCG),
Many Peaks Minerals (ASX: MPK), African Gold (ASX: A1G) and
Aurum Resources (ASX: AUE).
Excellent infrastructure
Country well serviced by ports, roads and airports.
Figure: Country- scale map of Côte d’Ivoire showing projects in relation to known gold deposits
Côte d’Ivoire
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Côte d’Ivoire
Bondoukou Gold Project
~7 km continuous gold-in-soil corridor defined at the Gold Ridge Prospect,
representing a significant expansion of the mineralised footprint.
Exceptional peak soil assay of 23.26 g/t Au, supported by multiple additional high-
grade results including 3.25 g/t, 2.54 g/t, 2.09 g/t, 1.96 g/t, 1.72 g/t and 1.21 g/t Au.
Three large-scale drill target areas identified (Northern Mag, Central Wilfred and
Southern Ali) across the 7 km trend, providing multiple discovery opportunities.
Gold anomalism aligns with a major structural and magnetic corridor, increasing
confidence in the geological model and drill targeting.
Rapid growth of the discovery footprint from 2.5 km to 4.3 km and now 7 km strike
length within a few months of systematic exploration.
RC drilling is currently underway across all three target areas.
dalaroometals.com.au | ASX:DAL | 8
Côte d’Ivoire
Gold Ridge – Maiden RC Drilling
Fully funded 12,000 m Phase 1 drilling program testing
three priority gold targets
For the first time, Dalaroo is directly testing the extensive surface gold anomalies
across the approximately 7 km Gold Ridge corridor.
• Discovery-focused drilling: 24 opposing-direction scissor holes totalling
4,200 m to rapidly establish mineralisation geometry and the preferred
follow-up drilling orientation.
• Systematic discovery testing: A further 78 holes totalling 7,800 m across 11 drill
fences to test potential continuity at Mag, Wilfred and Ali.
• Geology-led execution: Continuous review of RC chip logging, structural
observations and assay results will enable Dalaroo to pivot the program toward the
strongest emerging targets.
102
Planned Holes
11
Drill fences
3
Priority targets
Phase 1 forms the opening stage of Dalaroo’s broader planned 20,000 m phased drilling strategy.
dalaroometals.com.au | ASX:DAL | 9
Côte d’Ivoire
Geology Supports a Large Orogenic Gold System
Gold Ridge exhibits the hallmarks of a structurally controlled orogenic gold system.
Host Rocks – Gold hosted Meta Volcano-sediments and metavolcanics (Classic Birimian
assemblage).
Structural Controls – NW-SE shear corridor and fold limb near hinge zone defined as the primary
mineralisation controls.
Mineralisation Style – Quartz veining with hydrothermal alteration confirms orogenic gold signature.
Extensive Artisanal Workings ~9.5 km Strike.
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Côte d’Ivoire
Fully Granted Mining Lease
Gold Project acquired with extensive artisanal workings
over ~9.5 km of strike length.
Known gold development region
Within ~35 km of Endeavour Mining’s 5 Moz Tanda gold deposit.
Strong geological endowment
Favourable geology and structural architecture for orogenic gold.
2.5 km target strike length identified through geological mapping.
Strong acquisition terms
Dalaroo has secured an 80% interest in the project from Goldridge Resources SARL —
funding 100% of project costs while retaining full operational control.
Bondoukou Gold Project
Figure: Bondoukou Gold
Project, Côte d’Ivoire
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Côte d’Ivoire
Good Company Nearby
Endeavour Mining operates the ~5 Moz Deposit Tanda-
Iguela/Assafou ~35 km south of Bondoukou deposit.
Koulou Gold has a large exploration package near Bondoukou
near Endeavour Mining’s operations.
Endeavour Mining is a ~20% shareholder in Koulou Gold, which
has recently raised ~C$30 million to explore its land package
dalaroometals.com.au | ASX:DAL | 12
Côte d’Ivoire
From Licence Grant to Maiden Drilling in Approximately Seven Months
Rapid Growth of Gold Ridge Prospect.
Late January 2026 –
Licence Granted
Activities to define coherent mineralised zones and identify
priority areas for accelerated advancement
June – Priority Two Soils
Expand Mineralisation
Corridor to 7 km Strike
with Peak Grades of
23.26 g/t
March / April – Soil
Sampling Begins Split in
Two Priorities
June – Priority One Soils
Identifies 4.3 km Strike
of Mineralisation
Corridor. Peak Grade of
2.19 g/t.
February – Systematic
Exploration Mapping and
Field Sampling
Conducted. 2.5 km
Mineralisation Target
Identified
June / July – Auger
Drilling Completed
August / September –
12,000 m of RC drilling.
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Côte d’Ivoire
Gold Ridge - Geology-Led Pathway to Discovery
FY26 Q3 FY26 Q4 FY27 Q1 FY27 Q2
Field Mapping Soil Sampling Auger and Drill Design Initial RC Drilling Diamond Drilling MRE
• More than 230 km of
mapping completed.
• Mapping identified
strong antiform
structure in line with
artisanal workings.
• Mapping and sampling
have identified a 2.5 km
strike
• Defined 7 km
Mineralisation corridor
• Three Drill Targets
identified
• 529 samples above 25
ppb, 127 above 100 ppb
and 19 greater than 500
ppb
• Auger Drilling Completed
• Phase 1 RC Drill program of ~12,000 m Currently Drilling
• Results to be continuously interpreted from September
onwards
• Diamond drill program designed based on RC drilling
results
• Diamond drilling program expected to commence in
November/December
• Phase 2 and 3 diamond drilling expected to be ~8 to
12,000 m
• Diamond Drilling expected to be completed FY 27 Q3
• Interpretation work to commence as assays are received
• Possible MRE Development Pathway
dalaroometals.com.au | ASX:DAL | 14
Côte d’Ivoire
Bongouanou: Large-scale Gold System With Historical High-Grade Drilling Results
• Located within the Birimian Greenstone
Belt – globally significant gold province
• Positioned along the Sefwi–Comoé Shear
Zone with secondary structures hosting
mineralisation
• Extensive artisanal workings (15+ sites)
indicating widespread gold occurrence
• Large-scale system defined by:16 km x 10
km anomalous footprint
• High-grade rock chip results >70 g/t Au
from artisanal areas
• Strong geochemical signature:
• Widespread >50 ppb Au anomalies
across large area
• Drilling confirmation:
• Aircore program (94 holes) identified
5 priority zones
• Diamond drilling returned:
17 m @ 6.79 g/t Au from 113 m,
including 3 m @ 34.29 g/t Au;
and 2 m @ 60.47 g/t Au from 39 m.
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Côte d’Ivoire
Bongouanou Project (Reflex) : Historical Exploration Results
Figure: Plan showing gridded soil samples with >50 ppb Au anomalies along with
location of significant rock chip results
Figure: Plan showing gridded soil samples with >50 ppb Au anomalies along with
location of significant drilling results
dalaroometals.com.au | ASX:DAL | 16
Côte d’Ivoire
Bongouanou Project (Reflex) Drilling Cross Section
Figure: N’guessankro broad mineralisation zone supported by multiple
intersections. Source: Vendor.
Figure: Bonabo high-grade mineralisation intersected in opposing drill holes.
Source: Vendor
dalaroometals.com.au | ASX:DAL | 17
Côte d’Ivoire
Red Rock Resources Acquisition
Drill holes results from Kokoumbo
KOD001 7.5 m @ 16 g/t Au from surface
KOD002 7.5 m @ 1.6 g/t Au from surface
KOD003 4.5 m @ 1.3 g/t Au from surface
KOD005 7.5 m @ 1.5 g/t Au from 12 m
KOD010 1.5 m @ 14.9 g/t Au from 87 m
KOD014 3 m @ 1.9 g/t Au from 39 m
KOD017 4.5 m @ 4.22 g/t Au from 57 m
Project Status
Djekanou Granted
Yamoussoukro Granted
Kokoumbo Application
Molonou Application
Total land package of purchase 1,368 km²
Dalaroo entered into an agreement to purchase from Red Rock
Resources four projects in Côte d’Ivoire at various stages of the
application process.
Of the four projects, Kokoumbo is the most advanced, with
several drilling programs already completed.
dalaroometals.com.au | ASX:DAL | 18
Côte d’Ivoire
Why Dalaroo Now
Fully funded 12,000 m Phase 1 drilling program testing three
priority gold targets
• Fully funded maiden drilling: 12,000 m Phase 1 RC program at Gold Ridge.
• Large-scale opportunity: first direct test of approximately 7 km of surface gold
anomalism.
• Multiple discovery targets: Mag, Wilfred and Ali tested through 102 planned holes
across 11 fences.
• Strong near-term news flow: progressive drilling updates and assay results
approximately four to six weeks after sample delivery to the laboratory.
• Portfolio optionality: advanced historical drilling results at Bongouanou supported by
an experienced in-country team.
dalaroometals.com.au | ASX:DAL | 19
IMAGE: SOUTH GREENLAND
GREENLAND
BLUE LAGOON PROJECT
(ZR, NB, HF & REE)
dalaroometals.com.au | ASX:DAL | 20
Blue Lagoon: Project Snapshot
100%-owned Greenland platform
Three granted exploration licences plus the M-523 application under
review; approximately 386 km² combined project footprint.
Strategic rare-earth setting
Located in the Gardar Alkaline Province, within South Greenland’s
established rare-earth corridor.
Strong 2025 surface results
Anomalous mineralisation traced over more than 2.7 km, with peak
assays of 4.42% ZrO₂, 99 ppm Hf and 0.81% TREO.
Peak TREO results included up to 29% MREO, providing exposure to
key magnet-related rare-earth elements.
Multiple exploration environments
Hard-rock sources, weathered material and lagoon sediments
support a source-to-sink exploration model.
Alkaline source rocks, weathered material, beach deposits and
lagoon sediments provide several exploration target styles.
Exploration-stage opportunity
No Mineral Resource has been defined. Laboratory results and
follow-up work will determine target priorities.
Figure: Map of southern Greenland showing project location and other relevant deposits
GREENLAND
dalaroometals.com.au | ASX:DAL | 21
GREENLAND
Blue Lagoon: 2026 Program & Next Steps
Figure: Shows location of samples taken during 2026 exploration season
Program completed
Approximately 276 samples collected across Blue Lagoon and regional targets, supported
by GPR, bathymetry and field mapping.
Van Veen sampling extended exploration into the lagoon and nearshore environment.
Target pipeline expanded
Four new target areas identified: Blue Lagoon South, Qilluakitsoq, Quernertullip and Taseq.
Blue Lagoon South adds approximately 34 km² of prospective ground proximal to Amaroq
Minerals’ Ilua REE discovery.
Mineral observations under review
Eudialyte-like and beryl-like minerals, together with black magnetic sands, require
laboratory confirmation.
Sediment system taking shape
GPR indicates sediment thicknesses of approximately 2–50 m across Sites A–C, improving
understanding of basin geometry and potential sediment accumulation.
Next decision points
Assays and mineralogy will refine the source-to-sink model, rank targets and guide focused
follow-up and technical evaluation.
dalaroometals.com.au | ASX:DAL | 22
IMAGE: WESTERN AUSTRALIA
WESTERN AUSTRALIA
LYONS RIVER & WATHEROO
(AU, CU-PB-ZN-AG, NI-CU-PGE)
dalaroometals.com.au | ASX:DAL | 23
WESTERN AUSTRALIA
Western Australia: Portfolio Snapshot
Two 100%-owned projects
A combined 681 km² portfolio providing exposure to gold, base metals and Ni-Cu-
PGE targets in Western Australia.
Lyons River — 527 km²
Gold and Cu-Pb-Zn-Ag targets across the Goodbody, McCarthys and Four Corners
prospects.
Priority prospects include Goodbody Au and the McCarthys and Four Corners
BHT/SEDEX-style base-metal targets.
Watheroo — 154 km²
Mafic-ultramafic intrusive target defined by a 7 km × 3 km magnetic feature with
coincident Cu-Ni soil anomalism.
Stage 1 soil sampling extended the Cu-Ni geochemical footprint approximately 2
km² to the south.
Clear follow-up pathway
Target refinement, IP and geochemical follow-up support disciplined prioritisation
of the next exploration programs.
Established regional roads, rail, ports and airports support efficient exploration
access.
Figure: Location map of Dalaroo Metals 100% owned Western Australia projects
dalaroometals.com.au | ASX:DAL | 24
WESTERN AUSTRALIA
Western Australia: Two Priority Targets
Watheroo (Ni-Cu-PGE)
• 154 km² of 100%-owned tenure
• 7 km × 3 km magnetic feature
• Soil assays up to 284 ppm Cu and 176 ppm Ni
• Ground IP planned to refine priority targets
• Cu-Ni-PGE anomalism aligns with mapped mafic-ultramafic rocks and
the underlying magnetic feature
Figure: Goodbody historical aircore cross-section
Figure: Watheroo 50 m UAV magnetics and Dalaroo tenements
Goodbody (Au) — Lyons River
• Approximately 4 km structurally controlled gold corridor
• Rock-chip assays up to 6.25 g/t Au
• Historic aircore: 5 m @ 0.85 g/t Au and 1 m @ 1.83 g/t Au
• Mineralisation remains open along strike and at depth
• Quartz-sulphide veining, structural controls and shallow outcropping mineralisation
provide clear geological vectors
dalaroometals.com.au | ASX:DAL | 25
CONTACT US
John Morgan
CEO
jmorgan@dalaroometals.com.au
+61 410 774 319
www.dalaroometals.com.au | ASX:DAL | OTCQB:DALMF
IMAGE: BONDOUKOU
ACN 648 476 699
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