News Provided by TMX Newsfile via QuoteMedia

News Provided by TMX Newsfile via QuoteMedia

News Provided by GlobeNewswire via QuoteMedia

First Development Resources plc (AIM: FDR), a UK-based, Australia-focused mineral exploration company with interests in Western Australia and the Northern Territory, is pleased to provide an update on its gold (‘Au’) focused exploration at the Selta Project (‘Selta’ or the ‘Project’), located in the Aileron Province of Australia’s Northern Territory.

HIGHLIGHTS

• The high-resolution aeromagnetic (‘AMAG’) and radiometric (‘RAD’) geophysical survey over the Lander West regional gold target area has been successfully completed, covering approximately 4,200-line kilometres and delivering a high-quality geophysical survey dataset for targeting Au.
• Updated AMAG / RAD images are being interpreted, enhancing FDR’s understanding of subsurface geology, structures, and alteration patterns for drill targeting gold mineralisation associated with anomalous surface geochemical and historical shallow drilling results.
• These new airborne geophysical survey results will be integrated with ongoing Gradient Array Induced Polarisation (‘GAIP’) survey results and historical geochemistry from surface sampling and shallow drilling to refine and prioritise target zone for future drilling.
• Planning and applications for land access and heritage approvals over target areas is currently underway.

Tristan Pottas, Chief Executive Officer of FDR, commented:

‘Completion of the high-resolution AMAG and radiometric survey at Lander West represents a major step forward and it has materially improved our understanding of the subsurface geology and structural controls on mineralisation. We are grateful for the support received from Thomson Airborne, who delivered a high-quality, professional dataset on schedule over the holiday period.

The integration of the AMAG / RAD data with results from the ongoing GAIP survey and historical geochemical information will allow us to systematically refine and prioritise gold drill targets. We are very pleased with the quality of the datasets delivered and look forward to advancing Lander West through the next phase of exploration.’

AMAG / RAD SURVEY OUTCOMES

The completed AMAG / RAD survey was flown by Thomson Airborne Pty Ltd in early January 2026 using 100m spaced flight lines to generate high-resolution magnetic and radiometric datasets along approximately 4,200-line kilometres. The survey has delivered detailed imaging of structural features, lithological boundaries, and alteration signatures across the Lander West gold target area.

A comparison between the original regional airborne magnetic anomaly imagery and the new FDR acquired high-resolution AMAG imagery is provided in Figure 1 (original) and Figure 2 (newly acquired imagery). The new AMAG survey data have been processed to provide very detailed imagery on the subsurface geology and structure that will help FDR’s technical team to better constrain structures of interest for drill targeting Au mineralisation.

Figure 2 presents the First Vertical Derivative (‘1VD’) of Total Magnetic Intensity reduced to magnetic pole (TMI RTP) filtered anomaly image. Additional data processing methods and three-dimensional (‘3D’) inversion modelling results are being reviewed to identify areas of granitic intrusive contacts with meta-sediments and meta-volcanic host rocks, zones of folding and faulting, and hydrothermal alteration zones, which are key targeting criteria for potential gold mineralisation.

The newly acquired AMAG / RAD data results will be integrated with chargeability and resistivity information generated from the ongoing GAIP geophysics survey to better constrain and target potential mineralised zones at depth for follow up air-core (‘AC’) drilling transects to test shallow targets and reverse circulation (‘RC’) drilling to test deeper GAIP targets and drill under historical shallow Au anomaly zones. This combined geophysical interpretation, together with historical geochemical datasets, will underpin a robust, multi-disciplinary targeting framework to identify and prioritise drill-ready gold targets.

LANDER WEST GOLD TARGET

Following detailed desktop studies, FDR has identified the Lander West regional gold target area as a priority focus within the broader Selta Project. This target has been supported by a comprehensive gold targeting study completed by Resource Potentials Pty Ltd (‘ResPot’), a Perth, Western Australia-based Mineral Exploration and Geophysical Consultancy. ResPot has been commissioned to integrate historical drilling, geological, geophysical, and geochemical datasets to help FDR define high-potential gold targets for follow-up work.

Lander West is interpreted as a continuation of the Stafford Gold Trend, where the adjacent ground hosts high-grade gold and antimony (‘Sb’) mineralisation in the same geological units extending to the southeast ⁽¹⁾. Gold mineralisation is believed to be shear-hosted, associated with zones of deformation and hydrothermal alteration, which produce subtle but measurable variations in magnetic response. Within Lander West, a very large granitic batholith, with smaller granite stocks along its margin, have been identified by the AMAG data to sit below thin sand cover sediments, and these granites are a likely source for the Au (and Sb) mineralising fluids to form Intrusive Related Gold (‘IRG’) and skarn type gold targets with FDR’s land holding. High-resolution geophysical datasets are therefore critical to refining drill targets and advancing FDR’s gold exploration programme.

NEXT STEPS

Interpretation and 3D inversion modelling of the integrated AMAG / RAD, GAIP survey results and geochemical datasets is underway, and the result is already informing key areas for follow-up exploration planning, including the design and prioritisation of future AC and RC drilling programmes at Lander West. This systematic, data-driven approach is intended to maximise discovery potential while maintaining a disciplined and cost-effective exploration strategy over such a large gold target area.

Further updates will be provided as interpretation progresses and exploration activities advance.

Figure 1: Original regional scale AMAG data anomaly image (1VD filtered and grey colour scale) from the Selta Project Lander West gold target area.

Figure 2: Newly-acquired first vertical derivate (1VD) on total magnetic intensity (TMI) filtered AMAG anomaly imagery from the Selta Project Lander West gold target area. This processing method helps sharpen shallow geological effects, such as fault systems, folds and shear zones, and it clearly identified a newly discovered granite contact in the north, which is a likely driver for hydrothermal fluids and heat to produce Au mineralisation.

REFERENCE

1. iTech Minerals Ltd (ASX: ITM) announcement dated 12 January 2026
(2924-03045120-2A1647835&v=undefined)

QUALIFIED PERSON STATEMENT

The technical information contained in this disclosure has been reviewed and approved by Mr Nicholas O’Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a qualified geologist and acts as the Qualified Person under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr O’Reilly is a principal consultant working for Mining Analyst Consulting Ltd which has been retained by First Development Resources plc to provide technical support.

GLOSSARY

For further information visit www.firstdevelopmentresources.com or contact the following:

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

ABOUT FIRST DEVELOPMENT RESOURCES

First Development Resources’ assets comprise eight granted tenements covering a total area of 2,314.4km². Five of the tenements, comprising three prospective copper-gold projects, are located in Western Australia (WA), while the remaining three tenements, comprising a rare-earth element (REE), uranium, lithium and gold project, are located in the Australian’s Northern Territory. All tenements are wholly owned by FDR. The assets are a mixture of drill ready and earlier stage exploration.

The WA Projects include the Company’s Wallal Project, as well as Ripon Hills and Braeside West Projects, which are all situated in the Paterson Province, which is widely regarded as one of the most productive regions in Australia for the discovery of world-class gold-copper deposits, and is home to several world-class mines and more recent discoveries.

The Selta Project in the Northern Territory is located in an area considered to be highly prospective for uranium and rare-earth element mineralisation, along with base and precious metal mineralisation. Numerous companies are actively exploring within the region.

Beyond the existing portfolio, FDR is actively looking to expand its portfolio through the acquisition of early-stage exploration projects in Australia.

Source

Aterian plc (AIM: ATN), the Africa-focused critical metals exploration company, is pleased to announce encouraging surface sampling results from its 100%-owned Agdz Est Copper-Silver (‘Cu-Ag‘) Project (‘Agdz Est‘ or the ‘Project‘) in the Kingdom of Morocco (‘Morocco‘).

The results identify multiple mineralised fault zones hosting copper and silver, significantly extending the known footprint of mineralisation within the broader 50.4 km² Agdz Project (‘Agdz‘) area. The identification of these multiple mineralised structures over a limited area highlights the potential scale of the system and materially enhances the Company’s confidence in advancing Agdz towards drill evaluation.

Highlights:

• Multiple copper-silver mineralised fault zones identified, confirming a structurally controlled mineral system.
• Mineralisation confirmed from only c.10% of the Agdz Est Project, highlighting significant exploration upside.
• Four sub-parallel structures mapped over strike lengths of up to 0.9 km, with apparent widths of up to 7 metres, and open along strike.
• Mineralised zones are spaced 300 to 400m apart, and commonly covered with a thin soil and rock float.
• Encouraging copper and silver grades returned from early-stage surface sampling, including:
  • 1.39 % Cu from a 2 m wide breccia zone
  • 0.51 % Cu with 7 g/t Ag from a 3 x 2 m outcrop of silicified granite
  • 2.97 % Cu with 51 g/t Ag from float sample
  • 1.34 % Cu with 31 g/t Ag from a fractured zone of 4 m apparent width within granite
• Follow-up ground magnetic and trenching planned to test continuity, scale and structural controls on mineralisation.

Strategic Significance

These results support the interpretation that Agdz Est forms part of a broader, district-scale copper-silver system, with multiple mineralised structures developed within a favourable geological setting.

With mineralisation confirmed to date over a limited area, the Company believes there is clear potential to identify additional mineralised structures across the remainder of the permit.

The data generated from this programme will feed into Aterian’s previously announced partnership with Lithosquare, the AI-based exploration platform. The data will be used to assist in evaluating Agdz alongside other assets for selection and accelerate decision-making for advanced exploration and drilling. This approach supports a disciplined, technology-enabled framework for prioritising projects with the greatest potential for scalable copper-silver development.

Charles Bray, Chairman of Aterian, commented:

‘These early-stage results from Agdz Est represent a highly encouraging breakthrough in unlocking the scale potential of the Agdz Copper-Silver Project. The identification of multiple copper and silver-bearing fault zones, all of which remain open along strike, materially strengthens our strong conviction that Agdz hosts a large, structurally extensive mineral system with meaningful exploration upside.

Importantly, mineralisation has been confirmed across only a small portion of the permit area to date, highlighting the significant untapped potential that remains. The next phase of work will focus on systematic follow-up, including ground geophysics and trenching, designed to define continuity, expand scale, and prioritise high-quality drill targets. We look forward to sharing this new data with our AI partners, Lithosquare.

We are particularly excited by the prospect of advancing towards a focused drilling campaign in Morocco, with Agdz emerging as a flagship opportunity within the portfolio. The growing body of geological evidence continues to reinforce our belief that Agdz has the potential to develop into a substantial copper-silver system. We look forward to delivering further updates as exploration momentum builds and value is progressively unlocked for shareholders.’

Project Summary:

The Company, through its wholly owned subsidiary Aterian Resources Limited, holds a 100% interest in the 50.4 km² Agdz Copper-Silver Project, comprising the 15.9 km² Agdz Est licence and the adjacent 34.5 km² Agdz licence in central Morocco. The Project is located in the highly prospective Anti-Atlas Mountains within the Souss-Massa-Drâa region, approximately 35 km east of Ouarzazate, a well-serviced regional hub with an airport and established infrastructure. The Project benefits from excellent access via paved and unpaved roads. It is situated approximately 40 km southeast of the Noor 1 solar power complex, one of the world’s largest renewable energy facilities.

Agdz is located within Morocco’s highly prospective Anti-Atlas belt, a stable and well-established mining jurisdiction with growing strategic importance for copper supply.

The Agdz Project is situated within a well-established copper-silver mining district, approximately 14 km southwest of the Bouskour copper-silver mine (53 Mt at 0.8% Cu and 9 g/t Ag) and within trucking distance of existing mining infrastructure. The world-class Imiter silver mine (131 Moz at 500 g/t Ag) lies approximately 80 km northeast of the Project, with both operations owned by Managem Group, Morocco’s leading mining company. While mineralisation at neighbouring deposits is not necessarily indicative of mineralisation at Agdz, their presence underscores the district-scale prospectivity of the region.

Aterian Sampling Programme

Sampling to date has consisted of 34 surface rock samples: 32 composite point rock chip samples and 2 grab samples from float. The programme aimed to ground-truth remote-sensing data-based interpreted lineaments by completing mapping traverses and tracing faults along strike.

Sampling Methodology and Analysis

Afrilab, an accredited independent laboratory in Marrakech, Morocco, prepared and analysed 108 samples. Rock samples were crushed with 70 % passing -2 mm. The <2 mm fraction was pulverised, with 85 % of the sample passing <75 microns. All samples were analysed for a multi-element suite of 40 elements by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES). In addition, selective samples were analysed for their gold content using a 50 g Fire Assay method with a gravimetric finish. Given the early-stage, reconnaissance nature of this programme, QA/QC procedures will be implemented in subsequent phases of work.

Illustrations
The following figures/images have been prepared by Aterian and relate to the disclosures in this announcement.

Work Plan for the Agdz Est Permit

• Completion of an initial ground magnetic survey (32 line km across 3.16 km²) to delineate subsurface structural trends
• Targeted trenching to assess strike continuity, widths and grade distribution
• Ongoing mapping to identify additional priority targets across the Agdz Est permit

Qualified Person

The technical disclosure in this regulatory announcement has been approved by Simon Rollason, Chief Executive Officer of Aterian Plc. A graduate of the University of the Witwatersrand in Geology (Hons). He is a Member of the Institute of Materials, Minerals and Mining, with over 30 years of experience in mineral exploration and mining.

– ENDS –

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

Engage directly with the Aterian PLC management team by asking questions, watching video summaries, and seeing what other shareholders have to say. Please navigate to our interactive investor hub here: https://aterianplc.com/s/fcf8eb

For further information, please visit the Company’s website: www.aterianplc.com or contact:

Aterian Plc:
Charles Bray, Executive Chairman – charles.bray@aterianplc.com
Simon Rollason, Director – simon.rollason@aterianplc.com

Financial Adviser and Joint Broker:
AlbR Capital Limited
David Coffman / Dan Harris
Tel: +44 (0)207 7469 0930

Joint Broker:
SP Angel Corporate Finance LLP
Ewan Leggat / Adam Cowl
Tel: +44 20 3470 0470

Financial PR:
Bald Voodoo – ben@baldvoodoo.com
Ben Kilbey
Tel: +44 (0)7811 209 344

Subscribe to our news alert service: https://atn-l.investorhub.com/auth/signup

Notes to Editors:

About Aterian plc

www.aterianplc.com

Aterian plc is an LSE-listed exploration and development company with a diversified African portfolio of critical metals projects.

Aterian plc is actively seeking to acquire and develop new critical metal resources to strengthen its existing asset base while supporting ethical and sustainable supply chains as the world transitions to a sustainable, renewable future. The supply of these metals is vital for developing the renewable energy, automotive, and electronic manufacturing sectors, which are increasingly important in reducing carbon emissions and meeting global climate ambitions.

Aterian has a portfolio of multiple copper-silver (+ gold) and base metal projects in Morocco. Aterian holds a 90% interest in Atlantis Metals, a private Botswana-registered company holding eleven mineral prospecting licences for copper-silver in the world-renowned Kalahari Copperbelt and three for lithium and salt brine exploration in the Makgadikgadi Pans region. The Company also holds an exploration licence in southern Rwanda, where it is evaluating the tantalum and niobium opportunity, in addition to further exploring for pegmatite-hosted lithium.

The Company’s strategy is to seek new exploration and production opportunities across the African continent and to develop new sources of critical mineral assets for exploration, development, and trading.

Glossary of Terms

The following is a glossary of technical terms:

Source

Raptor Metals Ltd (ASX: RAP) (formerly Eastern Metals Limited (ASX: EMS)), advises that, following the General Meeting of Shareholders held on 7 November 2025 at which Shareholders approved the change of Company name from Eastern Metals Limited to Raptor Metals Ltd, the Australian Securities and Investment Commission has recorded the change.

For ASX purposes, the effective date for the Company name and ASX code change is 29 January 2026.

The Company will commence trading under its new name and ASX code (ASX: RAP) from the commencement of trading on 29 January 2026.

The Company’s new website is www.raptormetals.com.au

Managing Director, Brett Wallace said:

‘We are very pleased to launch our exploration activities under the new banner of Raptor Metals Ltd. We believe the name Raptor Metals better represents our future, with an invigorated Board and management group plus the diversification into Canadian copper exploration within our portfolio’.

This announcement has been authorised for release by the Board of Directors.

For further information, please contact:

Company
Raptor Metals
Brett Wallace
E. brett@raptormetals.com.au

Investor Relations
NWR Communications
Melissa Tempra
E. melissa@nwrcommunications.com.au

About Raptor Metals Ltd

Previously Eastern Metals Limited (ASX: EMS), Raptor Metals acquired Raptor Resources and is now focused on Canadian copper exploration with two projects in the historic Bathurst Mining Camp in New Brunswick. For further information regarding Raptor Metals and its portfolio of projects, please refer to the ASX announcement titled “Recompliance Prospectus” dated 10 October 2025 (released to ASX on 16 October 2025), or visit the Company’s website at www.raptormetals.com.au or ASX platform (ASX: RAP).

Forward-looking Statements

Any forward-looking statements in this document involve subjective judgment and are subject to uncertainties, risks, and contingencies outside the Company’s control. Actual events may vary materially. Recipients are cautioned not to place undue reliance on such statements. Raptor Metals disclaims liability for any loss arising from reliance on this information.

Competent Person Statement

The information in this announcement relating to the technical assessment of mineral assets, exploration results and mineral resources was reported in the ASX announcements released by the Company titled “Recompliance Prospectus” dated 10 October 2025 and “Pre-Reinstatement Disclosure” dated 7 January 2026. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcements and that all material assumptions and technical parameters underpinning the original ASX announcements continue to apply and have not materially changed.

Source

Richmond Hill Resources PLC (AIM: RHR) announces that the Company has raised gross proceeds of £600,000 through a placing of 23,077,000 new ordinary shares of 0.1 pence each (‘Ordinary Shares’) at a price of 2.6 pence per new ordinary share (the ‘Issue Price’) (the ‘Placing’). In addition, further to the announcement on 18 December 2025, the Company has entered into a sale and purchase agreement (“SPA”) with Ulvestone Ltd (“the Vendor”) with respect to the Martello Gold Project in Canada.

Placing

Richmond Hill has raised gross proceeds of £600,000 comprising the Placing of 23,077,000 new Ordinary Shares at the Issue Price through its broker, Clear Capital Limited. The Issue Price represents a 6% premium to the mid-market closing price of 2.45 pence per Ordinary Share on 27 January 2026, being the latest practicable business day prior to the publication of this announcement.

The net proceeds of the Placing will be used to provide the Company with additional funding for general working capital and to progress its newly acquired Martello Gold Project in Ontario, Canada.

The Company is exploring the implementation of a facility to enable retail investors to participate in a future equity fundraise. A further announcement will be made in due course should such a facility be established.

Martello Gold Project

The Company has entered into an SPA to acquire the Martello Gold Project. The terms of the SPA are the same as the terms announced on 18 December 2025 with the exception that the vendor party has changed from Olerud Ltd to Ulvestone Limited. Ulvestone Ltd has assumed the Vendor’s rights and obligations under the transaction in place of Olerud Ltd. Both companies are controlled by James Ikin, a substantial shareholder in the Company.

As announced on 5 January 2026, work has commenced on historic data compilation and digitisation is ongoing to define high-priority drill targets for a maiden drill programme.The Company has been informed that the database compilation will be completed shortly.

Initial Cash and Equity Payment and Issue of Creditor Shares

Richmond Hill will shortly make a payment to the Vendor of £100,000 in cash.

Richmond Hill has also issued 38,750,000 new Ordinary Shares at a price of 2 pence per share (‘Consideration Shares’) to the Vendor in line with the first tranche payment due to the Vendor under the SPA.

The Company has also issued 1,300,000 new Ordinary Shares in the Company at a price of 2 pence per share to an outstanding creditor to settle existing liabilities (“Creditor Shares”).

Related Party Transaction

James Ikin, who is a substantial shareholder in the Company, controls the Vendor and therefore the entering into of the SPA constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The directors of the Company, all being independent of the transaction, having consulted with the Company’s nominated adviser, Cairn Financial Advisers LLP, consider that the terms of the transaction are fair and reasonable insofar as the Company’s shareholders are concerned.

Admission

Application will be made to the London Stock Exchange for the admission of 63,127,000 new Ordinary Shares to trading on AIM (‘Admission’). Admission is expected to occur on or around 11 February 2026.The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules, following Admission, the Company’s issued share capital will comprise 657,337,949 Ordinary Shares of 0.1 pence each. This figure may be used by shareholders as the denominator for calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Hamish Harris, CEO of Richmond Hill, commented: ‘The Board is delighted to have successfully raised funds at a premium to the prevailing share price on 27 January 2026. With gold trading above $5,000 per ounce at the time of this announcement and Richmond Hill is poised to commence drilling in the near term, we are excited about the significant momentum the Company has achieved in such a short period since listing. This fundraise positions us strongly to unlock value for shareholders as we advance our exploration programme.‘

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company’s ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

For further information, please contact:

Further information on the Company can be found on its website at www.richmondhillresources.com

Source

News Provided by GlobeNewswire via QuoteMedia

Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) a company combining traditional gold exploration in Africa with A Digital Asset Treasury Management strategy, is pleased to announces the acquisition of Bitcoin and gold bullion as part of its broader capital allocation and treasury management strategy. The Bitcoin was purchased via its FCA-regulated digital asset exchange broker and custodian, Archax. The gold was purchased via a Hamak Corporate Account held with the world’s largest online investment gold service, BullionVault UK (a member of the London Bullion Market Association).

Highlights

• Number of Bitcoin Purchased (on 3 January 2026) : 3 Bitcoin
• Average purchase price: £66,567 per Bitcoin
• Total amount purchased: £199,703
• Total Bitcoin held: 23
• 1.65kg Gold purchased (on 27 January 2026)
• Total amount of gold purchased (including buying commissions): £195,360

Executive Director Karl Smithson commented:

‘We believe the holding of both physical gold assets and Bitcoin, offers a distinctive differentiation in the junior resources sector, providing a blend of traditionally defensive and digitally disruptive exposure.

‘We aim to rapidly develop our hybrid treasury strategy, which the Board believes will deliver low correlation to conventional equity market cycles while offering clear potential upside from long-term structural trend.

‘This initiative forms part of a more comprehensive treasury framework designed to incorporate strategic reserves, liquidity tools, and non-dilutive value protection mechanisms for shareholders.’

For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of Hamak is Karl Smithson, Executive Director.

For further information on Hamak you are invited to view the company’s website at https://hamakstrategy.com/ or please contact:

About Hamak Strategy Limited

Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) is a UK listed company focussed on gold exploration in Africa and with a strategy of pursuing an appropriate and compliant BTC/ crypto treasury management policy.

Important Notice

The Company maintains some of its treasury reserves and surplus cash in Bitcoin, a form of cryptocurrency. The Company is not authorised or regulated by The Financial Conduct Authority (FCA) and Bitcoin investments are generally not subject to regulation by the FCA or otherwise in the United Kingdom. Neither the Company nor investors in the Company’s shares are protected by the UK’s Financial Ombudsman Service or the Financial Services Compensation Scheme.

However the FCA considers Bitcoin investments to be high-risk. The value of Bitcoin can go up as well as down, leading to fluctuations in the value of the Company’s Bitcoin holdings, and the Company may not be able to realise its Bitcoin holdings for the same amount it paid to acquire them, or even for the value the Company currently attributes to its Bitcoin positions.

The Company’s Board of Directors have identified the following risks in relation to the holding of Bitcoin, which are not exhaustive:

• The value of Bitcoin can be highly volatile, with its value falling as quickly as it rises. Investors in Bitcoin must be prepared to lose all money invested.
• The Bitcoin market is largely unregulated. There is a risk of losing money due to factors such as cyber-attacks, financial crime, and counterparty failure.
• The Company may not be able to sell its Bitcoin at will. The ability to sell Bitcoin depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks, and comingling of funds could cause unwanted delays.
• Cryptoassets carry a perception of fraud, money laundering, and financial crime.

An investment in the Company is not an investment in Bitcoin itself, but prospective investors in the Company are encouraged to conduct their own research before investing and should be aware that they will have indirect exposure to the high-risk nature of cryptoassets, including their volatility, and could therefore sustain large or total losses of their investment.

Source

Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, is delighted to announce that its wholly owned subsidiary, Cornwall Resources Limited (‘CRL’), has received assay results from drillhole CRD036 – the first from Pad 2 within the Redmoor Tungsten-Tin-Copper Project (‘Redmoor’) in southeast Cornwall – including further confirmation high-grades of tungsten and tin within the Sheeted Vein System (‘SVS’).

CRD036 was aimed at twinning*¹ historical drillholes and identifying mineralised continuity at shallower depths and within a hole designed to intersect a higher-grade, tin-dominant portion of the high-grade tungsten deposit.

Highlights:

Tin downhole intersections

• · High-grade intersections from new tin-dominant zones include:
  • 0.50m @ 1.26% Sn, 0.02% Cu & 0.02% WO₃ (1.06% WO₃.Eq) from 314.82 m
  • 0.95m @ 1.18% Sn, 0.01% Cu & 0.02% WO₃ (0.99% WO₃.Eq) from 336.05 m
  • 0.70m @ 1.92% Sn, 1.09% Cu & 0.37% WO₃ (2.23% WO₃.Eq) from 383.40 m

Tungsten downhole intersections

• High-grade tungsten intersections include:
  • 4.50m @ 0.47% WO₃, 0.14% Sn & 0.24% Cu (0.65% WO₃.Eq) from 372.50 m
  • 1.00m @ 1.00% WO₃, 0.02% Sn & 0.58% Cu (1.17% WO₃.Eq) from 406.00 m
  • 0.70m @ 0.86% WO₃, 0.07% Sn & 0.82% Cu (1.13% WO₃.Eq) from 432.00 m
• Further high-grade sample intervals, inside broad intersections, including:
  • 18.50 m @ 0.14% WO₃, 0.20% Sn & 0.25% Cu (0.37% WO_3. Eq) from 371.50 m, (see Figure 1) containing:
  • 0.80m @ 1.02% WO₃, 0.09% Sn & 0.45% Cu (1.21% WO₃.Eq) from 372.50 m
  • 0.54m @ 1.85% WO₃, 0.28% Sn & 0.22% Cu (2.13% WO₃.Eq) from 374.51 m

Copper downhole intersections

• High-grade intersections include:
  • 1.65m @ 1.09% Cu, 0.05% Sn & 0.23% WO₃ (0.56% WO₃.Eq) from 401.90 m
  • 1.00m @ 1.03% Cu, 0.04% Sn & 0.01% WO₃ (0.32% WO₃.Eq) from 415.00 m

Silver*²

• CRD036, like previous drill holes, reports elevated silver values in relation to mineralisation within zones that are copper-rich, demonstrated by:
  • 5.10m @ 0.66% Cu, 0.03% Sn & 0.34% WO₃, and 15.5g/t Ag from 401.90 m, including 1.65 m @ 33.9 g/t Ag from 401.90 m

Twinning Results and Model Updates

Positive results from the drillhole twinning, and new insights into Redmoor deposit, including:

• Twinning results between CRD036 and RM80_05B & 05C (1980s drillholes) highlight continuity of structures and reproducibility of historical results. This provides confidence for the use of the 1980s drillhole data in the deposit model and Mineral Resource estimate (‘MRE’) thereby reducing future prefeasibility drilling requirements.
• Drillhole results have returned multiple zones of high-grade tin and copper intersections, supporting the presence and continuity of tin-copper lode structures within the existing Redmoor Mineral Resource, which will be further studied as part of the MRE update – these will be further detailed in a forthcoming update on the new Redmoor deposit model.

Dennis Rowland, CRL Managing Director, said:

‘The assay results report a trifecta of high-grade tungsten, tin and copper intersections for the first time from the 2025 programme within a tin-dominant zone of the deposit, along with analytical results for silver – which are being further investigated as part of ongoing metallurgical studies.

Drillhole results continue to return multiple zones of high-grade tin and copper intersections, supporting the presence and continuity of tin-copper lode structures within the existing Redmoor Mineral Resource, which will be further modelled. This drillhole was designed as a twin of holes drilled by Southwest Minerals (SWM) in the 1980s and provides further confidence in these historical datasets.

Following the receipt of these results, an update on the new Redmoor deposit model and the outcome of the twinning programme is expected shortly.’

Mark Burnett, Strategic Minerals Executive Director, said:

‘Positive results such as these further highlight Redmoor’s position as the highest-grade, undeveloped tungsten resource in Europe, and amongst the highest grade globally.

This is a crucial time for critical minerals projects, given significant global supply chain shifts alongside export controls resulting in a marked increase in metal prices and interest in the sector. The Board are focussed on the acceleration of the Redmoor project through an updated mineral resource and planned prefeasibility study (‘PFS’) thereafter. This will be supported by the recently completed fundraise for a significant infill drilling programme, designed to shorten drillhole spacing within the resource, as the major requirement for converting the deposit to an Indicated resource classification ahead of the planned PFS.’

Detail of analytical results from CRD036

Table 1: Drillhole collar data for CRD036.

Figure 2: Plan (top-down) view of the previously modelled high-grade domains (gold) used in the 2019 Redmoor MRE, showing CRD036 (in red) and other CRL and SWM drillhole traces (black). CRD036 is an infill hole aimed at testing short-spaced continuity of structure and grade.

Drill hole CRD036 (see Table 1 & Figure 2) was intentionally drilled to twin historical drilling results and confirm the presence of tin and copper-rich structures historically drilled (drill hole RM80_05B and 05C), along with identifying the higher-grade tin-rich section of the resource and shallower extent of the SVS system. The outcomes of the twinning programme will be further detailed shortly alongside updates to the deposit model, ahead of the MRE update expected Q1 2026.

Laboratory assay results for drillhole CRD036 have returned further positive results from the current drilling programme, containing high-grade results, with tungsten (WO₃) grades reaching 1.85%, copper (Cu) grades reaching 1.09%, and very-high-grade tin (Sn) grades reaching 1.92%, from a zone of the deposit known to be enriched in tin concentrations, coupled with silver (Ag) grades of up to 33.9 g/t correlated with copper mineralisation.

Table 2 below, contains the details of the composite sample intersections including sample depths, thickness, metal content, and tungsten equivalent calculations, as well as the mineralisation style recorded by CRL geologists. The tungsten equivalent (WO3. Eq.) highlights the value-add from tin and copper to the tungsten grades of the sample intervals. Appendix 1 includes full details of each sample included in these composite intersections.

Table 2: Highlights of downhole composite sample intersections returned from recently received results from drillhole CRD036 showing interval lengths and subsequent assay results for WO3, Sn & Cu. A tungsten equivalent result has also been calculated. Composited values use a downhole length weighted average of grades.

Note*¹ Twinned drillholes refer to new CRL drillholes which are aimed to intersect SVS mineralisation in close proximity to previous historical drilling undertaken by South West Minerals in 1978-1982, in order to verify the robustness of the historical drilling data, as well as test the continuity/reproducibility of grade and structure across the spacing between the drillholes.

Note*² Further silver analysis and commentary will follow completion of metallurgical testworks and resource modelling, noting there is no assumption at this stage that silver will be recoverable or economically reportable in the Mineral Resource.

Note*³ Tungsten Equivalent (WO₃.Eq) Calculation: WO₃ (EQ)% = WO₃%+(Sn% x 0.82) + (Cu% x 0.27)

Commodity price assumptions: WO₃ US$ 43,000/t, Sn US$ 32,525/t, Cu US$ 9,429/t. Using the 12-month average to September 2025. Recovery assumptions: total WO₃ recovery 72%, total Sn recovery 68% and total Cu recovery 85%. Payability assumptions of 81%, 90% and 90% respectively.

Competent Person Statement:

The information in this announcement that relates to Sampling Techniques and Data and Exploration Results has been reviewed and approved by Mr Laurie Hassall, MSci (Geology), FIMMM, QMR, FGS, who is a full-time employee of Snowden Optiro. Mr Hassall holds a Master of Science degree in Geology from the University of Southampton and is a Fellow of the Institute of Materials, Minerals and Mining (FIMMM), through which he is also accredited as Qualified for Minerals Reporting (QMR). He is also a Fellow of the Geological Society of London (FGS).

Snowden Optiro has been engaged by Cornwall Resources Limited to provide independent technical advice. Mr Hassall, a full-time employee of Snowden Optiro, is acting as the Competent Person and is independent of Cornwall Resources Limited. He has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being 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), and under the AIM Rules.

Mr Hassall consents to the inclusion in this announcement of the matters based on his information, in the form and context in which it appears. He confirms that, to the best of his knowledge, there is no new information or data that materially affects the information contained in previous market announcements, and that the form and context in which the information is presented has not been materially modified.

Notes to Editors

About Strategic Minerals plc and Cornwall Resources Limited

Strategic Minerals plc (AIM: SML; USOTC: SMCDY) is an AIM-quoted, producing minerals company, actively developing strategic projects in the UK, United States and Australia.

In 2019, the Company completed the 100% acquisition of Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project.

The Redmoor Project is situated within the historically significant Tamar Valley Mining District in Cornwall, United Kingdom, with a JORC (2012) Compliant Inferred Mineral Resource Estimate published 14 February 2019:

1 Equivalent metal calculation notes; Sn(Eq)% = Sn% x 1 + WO3% x 1.43 + Cu% x 0.40. WO₃(EQ)% = Sn% x 0.7 + WO₃ + Cu% x 0.28. Commodity price assumptions: WO₃ US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t. Recovery assumptions: total WO3 recovery 72%, total Sn recovery 68% & total Cu recovery 85% and payability assumptions of 81%, 90% and 90% respectively

More information on Cornwall Resources can be found at: https://www.cornwallresources.com

In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite project in New Mexico, USA, through its wholly owned subsidiary Southern Minerals Group. Cobre has been in production since 2012 and continues to provide a sustainable revenue stream for the Company.

In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia. The Company has entered into an exclusive Call Option with South Pacific Mineral Investments Pty Ltd trading as Cuprum Metals to acquire 100% of the project.

About the CIOS Good Growth Fund and UK Shared Prosperity Fund

This project is part-funded by the UK Government through the UK Shared Prosperity Fund. Cornwall Council is responsible for managing projects funded by the UK Shared Prosperity Fund through the Cornwall and the Isles of Scilly Good Growth Programme.

Cornwall and Isles of Scilly has been allocated £184 million for local investment through the Shared Prosperity Fund. This new approach to investment is designed to empower local leaders and communities, so they can make a real difference on the ground where it’s needed the most.

The UK Shared Prosperity Fund proactively supports delivery of the UK-government’s five national missions: pushing power out to communities everywhere, with a specific focus to help kickstart economic growth and promoting opportunities in all parts of the UK.

For more information, visit

https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus

For more information, visit https://ciosgoodgrowth.com

Appendix 1

Table 3: Composite intersections and individual sample results, including, sample numbers, depths and widths, metal contents and tungsten equivalent calculations.

Source