Further assay results from our infill drilling at the Arrakis gold discovery have confirmed a third high-grade zone within the mineralised system, adding to the two domains already identified.

The standout intercepts include 17.5m at 2.3g/t gold from 127.5m and 17.0m at 1.1g/t gold from 162.0m, both in hole 26IWBRC0121D, roughly 50 metres down-dip from the high-grade result we reported on 10 August 2026 (6m at 28.3g/t gold). A further intercept of 10m at 1.8g/t gold was also returned from a hanging wall structure. Our geological interpretation now points to a 100m to 150m zone of higher-grade mineralisation that plunges south, with the down-plunge extension still untested below what we call the Yueh Shear Zone. That untested ground is now a clear target for future drilling.

It's worth being upfront about what this is and isn't. These are exploration results, not a resource estimate, and our own geologists note that drilling spacing to date isn't yet close enough to confirm continuity of grade or geometry. Two more diamond core results are expected in early September, along with first results from the nearby Anders target and further news from Flushing Meadows and the New England Granite area.

Arrakis sits within our 100%-owned Ironstone Well-Barwidgee project, alongside our existing 268,000oz Flushing Meadows resource, so continued success here adds to a project we already know has scale.

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