Nymagee Exploration Update

On 16 October, we reported the discovery of two new mineralised lenses – Lazer and Metropolitan – at the historical Nymagee Mine in Central West New South Wales. Discovered as part of our ongoing exploration programs in the region, the discovery also extends the known mineralisation at Nymagee North.

The program intersected strong copper and gold grades, with results indicating mineralisation at Nymagee North may have a higher gold tenor than the Nymagee Main deposit.

Exciting intersections from the program include 7.0m (4.2m ETW) @ 2.2% Cu and 22g/t Ag, including 2.4m (1.4m ETW) @ 4.5% Cu and 41g/t Ag from 514.9m in drill hole NMD117 at 512.0m at the Lazer lens. At the Nymagee North lens, 4.3m (2.4m ETW) @ 2.7% Cu, 1.8g/t Au, 3.6% Zn, 1.7% Pb and 95g/t Ag was discovered in the NMD114W1 hole from 567.1m. And finally, at the Metropolitan lens, 4.9m (3.2 ETW) @1.0% Cu and 7 g/t Ag in NMD123 from 312.2m.

Chief Development and Technical Officer, Andrew Graham said the results mark a significant milestone in the Company’s Nymagee exploration journey.

“It is very exciting for the team to have intersected significant mineralisation north of the Nymagee Main deposit, as part of the most recent resource expansion drill program at the Nymagee Mine,” Andrew said.

“The discovery of two new lenses, Lazer and Metropolitan, demonstrate the significant opportunity for resource expansion at Nymagee. It also highlights the thoughtful, science-led approach guiding our exploration opportunities.

“Drilling at Nymagee will continue as we work towards our target of defining an economically mineable resource. This most recent program takes us meaningfully closer to that goal,” Andrew concluded.

Drilling at Nymagee is currently targeting down-dip extensions of Nymagee Main mineralisation and Downhole Electro-magnetic (DHEM) conductor plates identified by the survey in H2 FY2025 (see ASX announcement dated 18 June 2025, ‘Nymagee District Exploration Update’). An additional DHEM survey is planned at Nymagee North in November 2025 to guide targeting of further drilling. The Nymagee Project is set to be technically reviewed in H2 FY26 with all available information.

The full details of these results are available in the ASX Announcement: Nymagee Exploration Update.