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Minta Rutile & Monazite Project

Minta Rutile

Mineralised Area

Total mineralised area now 660km², with assays pending from 290 more holes

Mineral Assemblage

XRD results confirmed >93% of TiO₂ is from rutile

Full HM Mineralisation

All holes drilled to date have intersected HM mineralisation, with every hole mineralised from surface to an average depth of 4m

District Scale Rutile Discovery

Located in Cameroon – politically stable, Commonwealth member, mining-friendly jurisdiction
Exceptional infrastructure access – road, rail, port, and hydroelectric power all within reach
8,800km² of tenure, with >3,500km² under active exploration
A rare, large-scale rutile province in Central West Africa
Only the second rutile-dominant mineral sands project discovered in the last 70 year

The Minta Rutile Project comprises 18 granted exploration permits and three exploration permits under valid application across approximately 8,800km² in a critically under-explored area of known rutile mineralisation in central Cameroon. Initial reconnaissance sampling has assisted in delineating areas of high grade alluvial and residual rutile at Minta with no, or minimal overburden.

Mineralised Area

Total mineralised area now ~1,500km² from reconnaissance program over an initial 3,500 km²

High-value with significant scale and grade

Systematic exploration underway across >3,500km²
Scale and grade suggest potential for a district-scale rutile asset

Rutile-dominant sands with 60–70% rutile in HM confirmed in discovery hole
6x more valuable than ilmenite-dominant Heavy Minerals (HM)

XRD results confirm >93% of TiO₂ is from rutile
All holes drilled to date have intersected HM mineralisation, with every hole mineralised from surface to an average depth of 4.1m

In addition to elevated fine rutile and other heavy mineral species, large, angular rutile nuggets from 1mm to 30mm in diameter have been identified across broad areas in recent and historical sampling programs. The currently received HM assays report HM contribution from only the <1mm, sand fraction. The contribution from the +1mm, oversize mineralisation is still to be tested and once received has the potential to add substantial additional HM content to the results provided in this announcement.

Systematic exploration underway across >3,500km²
Scale and grade suggest potential for a district-scale rutile asset

Rutile-dominant sands with 60–70% rutile in HM confirmed in discovery hole
6x more valuable than ilmenite-dominant Heavy Minerals (HM)

XRD results confirm >93% of TiO₂ is from rutile
All holes drilled to date have intersected HM mineralisation, with every hole mineralised from surface to an average depth of 4.1m

In addition to elevated fine rutile and other heavy mineral species, large, angular rutile nuggets from 1mm to 30mm in diameter have been identified across broad areas in recent and historical sampling programs. The currently received HM assays report HM contribution from only the <1mm, sand fraction. The contribution from the +1mm, oversize mineralisation is still to be tested and once received has the potential to add substantial additional HM content to the results provided in this announcement.

Locations of composites tested for mineralogical assemblage by XRD which confirm >93% of TiO₂ is from rutile

Mineralised oversize grains

Minta Est Monazite

TREO Grades

Grades of 0.5-1.2% TREO in free-dig mineral sands

Mineral Assemblage

Up to 73% monazite, 35% rutile, 28% zircon

REE Distribution

High-value REE distribution: NdPr up to 22.5%, DyTb up to 2.7%

HIGH-GRADE MONAZITE MINERAL SANDS

Initial exploration work had intersected alluvial and hard rock gold occurrences across the northeastern tenement area at Minta Est that coincides with a geophysical anomaly associated with granitic intrusions.

Located in the easternmost region of the Minta Rutile Project
Minta Rutile Project – 8,800km² of tenure in a critically under-explored area of known rutile mineralisation in central Cameroon, >3,500km² under active exploration
Zones of very high-grade zircon mineralisation identified
No barren holes — every drill hole mineralised from surface.
HM results do not yet include the potential contribution from rutile nuggets in the +1mm (oversize) fraction.

ASSEMBLAGE FROM SAMPLES & RARE EARTH ELEMENT DISTRIBUTION FROM MONAZITE AT MINTA EST

Exceptionally high assemblage of monazite discovered in alluvial samples at Minta Est

HM assemblage from grab samples at Minta Est. Inset image shows northern area sample RE0014 panned concentrate with separated mineral bands and assayed high value mineral assemblage