RC drilling commences at Playa Kali

· Maiden Reverse Circulation (RC) drilling program (+4,000m) at the Playa Kali Copper Project has commenced.

 · Drilling is designed to test a range of Iron-Oxide Copper-Gold (IOCG/manto) targets in a similar geological setting to the Mina Justa deposit (~400Mt @ 0.77% Cu)* located immediately to the north.

 · Drilling is expected to take ~4 weeks to complete, with final assays expected ~4 weeks after completion of the program.

 · The RC drill rig will be moved to Lantana to test the large-scale, high grade porphyry copper target once the Playa Kali program is completed.

 · The current RC drill program at Cangallo has been completed with initial assay results expected over the coming weeks.

· Deep diamond drilling (+6000m) to test hypogene sulphide targets at Cangallo is planned to commence in late May 2026.