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ARIKA RESOURCES LIMITED Capital/Financing Update 2026

Feb 24, 2026

64420_rns_2026-02-24_f6bfaf8d-4834-4bc3-bf17-79237215b6a8.pdf

Capital/Financing Update

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ASX: ARI

ASX RELEASE: 25 February 2026

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Yundamindra Gold Project, WA – Exploration Update

EXCEPTIONAL WIDE, HIGH-GRADE GOLD INTERCEPTS EXPAND PENNYWEIGHT POINT

Standout assays expand the high-grade Pennyweight Point system along strike and at depth

KEY HIGHLIGHTS

  • Significant new assay results confirm the continuity of gold mineralisation along strike, down-dip and down-plunge at Pennyweight Point :

  • 21m @ 4.65g/t Au from 251m (25AYRC148 extension), including:

    • 16m @ 6.04g/t Au from 252m; and

    • 6m @ 13.87g/t Au from 253m; and

    • 3m @ 19.39g/t Au from 258m

o 16m @ 2.94g/t Au from 12m (25AYRC157) including:

  • 8m @ 5.72g/t Au from 16m; and

  • 4m @ 10.05g/t Au from 20m

  • 35m @ 1.22g/t Au from 142m (25AYRC172), including:

  • 20m @ 1.86g/t Au from 146m

  • 10m @ 2.28g/t Au from 107m (25AYRC153), including:

  • 6m @ 3.55g/t Au from 109m

o 12m @ 1.47g/t Au from 144m (25AYRC159), including:

  • 5m @ 3.30g/t Au from 144m

o 10m @ 1.53 g/t Au from 48m (25AYRC167), including:

  • 2m @ 3.83g/t Au from 53m

  • 11m @ 1.24g/t Au from 78m (25AYRC152), including:

  • 4m @ 3.02g/t Au from 80m

  • 13m @ 1.17g/t Au from 83m (25AYRC158), including:

  • 3m @ 3.89g/t Au from 84m

Results build on previous results from Pennyweight Point, including[1] :

o 23.97m @ 2.54g/t Au from 162.03m down-hole (25YMD002), including:

5.38m @ 10.62g/t Au from 170.52m

o 35.76m @ 2.14g/t Au from 104.27m down-hole (25YMD001), including:

  • 13.46m @ 5.28g/t Au from 111.40m

  • Mineralisation now confirmed to extend from surface over a strike length of 350m to a vertical depth of 250m and remains open. RC drilling being accelerated with a second rig.

1 Please refer to ASX announcements dated 17/12/2025, 10/04/2025 and 08/04/2025.

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ABN: 92 086 839 992 www.arika.com.au

Phone: 08 6500 0202 [email protected]

Arika’s Managing Director, Justin Barton, said: “This is a great way to start the year, with step-out drilling completed late last year at Pennyweight Point delivering multiple thick intercepts with internal very highgrade zones. This drilling has extended the known high-grade mineralisation both along strike and at depth, providing a great platform for us to move towards a maiden Mineral Resource Estimate.

“Our first task when we re-commenced in early January was to re-enter and extend hole 25AYRC148, which ended just before Christmas in high-grade gold mineralisation. We successfully extended the hole from 262m to a final depth of 329m and which has returned a staggering 21m grading almost 5g/t Au. This is a truly exceptional result, particularly as it represents the deepest hole completed at Pennyweight Point to date and is in fact the deepest hole drilled on the entire Yundamindra Project!

“Importantly, the recent drilling has confirmed the continuity of mineralisation to a vertical depth of 250 metres, with strong indications that the grade and tenor of mineralisation is increasing at depth – highlighting the potential for future underground mining. Significantly, some of our best holes now define the current strike and depth limits of the deposit, which remains wide open both at depth and along strike.

“RC drilling re-commenced in early January and is continuing around the clock, with a second rig to be added shortly. We are also awaiting assays from drilling completed at the F1-Fault and Landed at Last prospects. Together with the ongoing aggressive drilling at Pennyweight Point, shareholders can look forward to a period of strong news-flow over the coming weeks and months.”

Arika Resources Limited (ASX: ARI) (“Arika” or “Company”) is pleased to report significant new assay results from ongoing drilling at the Pennyweight Point prospect within the Company’s 80% owned Yundamindra Gold Project (with Agreement to move to 100%, subject to completion conditions)[2] , located 65km south-west of Laverton in the world-class Northeastern Goldfields mining district of Western Australia.

This release provides a summary of results received from the Reverse Circulation (RC) drilling program completed prior to the 2025 Christmas break at Pennyweight Point, located towards the northern end of the Red Brick Road (RBR) within the Eastern Corridor at Yundamindra (Holes 25AYRC149-25AYRC176, see Figures 1 and 6).

The aim of this drilling was to test for western extensions to near-surface oxide/supergene gold mineralisation as well as strike, depth and plunge extensions of the Pennyweight Point gold-hosting structure within fresh rock.

These holes have returned excellent results, providing a strong foundation for the Company’s strategy to advance Pennyweight Point towards a maiden Mineral Resource Estimate in the near term.

Importantly, these new results include exceptional assays from hole 25AYRC172, the southernmost hole completed to date on the Pennyweight Point ‘Main Zone’, which was drilled to test a target located 250m south and down-plunge of previously reported holes.

Hole 25AYRC148 which ended in high grade gold mineralisation at the end of the 2025 field season, was successfully re-entered and extended from 262m to a final termination depth of 329m (Figure 1). The hole continued in mineralisation for a further 11m, more than doubling the width of the previously reported intercept with a final intercept reporting as:

  • 21m @ 4.65g/t Au from 252m, including:

o 16m @ 6.04g/t Au from 252m; and

  • 6m @ 13.87g/t Au from 253m; and

  • 3m @ 19.39g/t Au from 258m

2 Please refer to ASX announcement dated 02/02/2026

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2

Hole 25AYRC172, drilled to test the depth continuity of the Pennyweight Point structure at the current southern limit of the main zone intersected significant gold mineralisation over a down-hole width of some 60 metres, including an upper zone of 35m @ 1.22g/t Au from 132m including 20m @ 1.86g/t Au from 146m , interpreted as the Pennyweight Point ‘Main Zone’ and several previously unknown footwall lodes (Figure 2).

The Pennyweight Point mineralised zone remains open to the north and south along strike as well as at depth, down-dip and down-plunge.

The results reported in this release include 1m individual assays and 4m composite assays. Anomalous results reported from 4 metre composite samples will be re-split and re-submitted on a 1m basis to refine the distribution of gold mineralisation within each of these samples.

Figures 1 to 7 present Prospect Location Plans, Drill-hole Collar Plans, Long Section (Vertical Longitudinal Projection), Cross-Sections and Regional Project Location plans respectively.

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Figure 1: Schematic Cross-Section 1200mN (local grid) showing latest drilling results in relation to previously reported RC and diamond drill-holes. Note: Hole 25AYRC148 was extended from 262m to 329m. Individual 1m assays for the full mineralised interval will be provided in the next release.

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3

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Figure 2: Schematic Cross-Section 960mN (local grid) showing latest drilling results in relation to previously reported drilling.

A summary of drill-hole collar locations and preliminary results for all holes are presented in Appendix 1, Table 1

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4

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Figure 3: Schematic Cross-Section 1060mN (local grid) showing latest drilling results in relation to previously reported drilling.

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5

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Figure 4: Schematic Cross-Section 1160mNmN (local grid) showing latest drilling results in relation to previously reported drilling.

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6

ASX: ARI

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Figure 5: Vertical Longitudinal Projection showing recent drilling in relation to previously reported intercepts.

Note hole 25AYRC148 (X-S ‘D-D’) was terminated prior to the 2025 Christmas break in high grade gold mineralisation and successfully extended at the start of the 2026 campaign.

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ABN: 92 086 839 992 www.arika.com.au

Phone: 08 6500 0202 [email protected]

ASX: ARI

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Drilling Update

Arika recommenced a drilling campaign at Yundamindra in January 2026, following a short break over New Year. The aim of the program is to continue to systematically test the depth and strike extents of known gold occurrences along the ‘Red Brick Road’ (Pennyweight Point trend within the Eastern Corridor) and the “Yellow Brick Road’ (Landed at Last Trend within the Western Corridor).

Currently, assays are awaited for 39 holes or approximately 5,500 metres, with a second RC rig commencing this week.

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Figure 6 : Zoom-in of the Pennyweight Point Prospect, Red Brick Road, Eastern Corridor at the Yundamindra Gold Project showing latest results, previously reported intersection summaries,2025 RC and diamond drill-holes, 2024 RC holes and historical drilling over grey scale aeromagnetics.

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ABN: 92 086 839 992 www.arika.com.au

Phone: 08 6500 0202 [email protected]

Yundamindra Gold Project

The 80% owned Yundamindra Gold Project (Arika is moving to 100% ownership, refer ASX announcement 2 February 2026 for further details) is located 65km south-west of Laverton, 250km north of Kalgoorlie, Western Australia (Figure 8).

Regionally, it is situated toward the westernmost margin of the Laverton Greenstone Belt (LGB) in the Yilgarn Craton of Western Australia.

The Laverton Greenstone Belt is one of the best endowed gold regions in Australia. It hosts two world-class producing mines, namely Sunrise Dam at 8 million oz contained Gold and Wallaby at 7 million oz contained gold (Standing 2008; Austin, 2022)[3] , which are located just ~20-30km east of Arika’s Yundamindra Gold Project. Total gold production from the belt is estimated to be in excess of 28 million ounces .

The Laverton Greenstone Belt is one of several greenstone belts that collectively define the Kurnalpi tectonostratigraphic terrane of the Northeastern Goldfields ‘Superterrane’.

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Figure 7 : Yundamindra Gold Project showing key target areas and prospects over regional and local TMI.

2 Standing, Jonathon G, Terrane Amalgamation in the Eastern Goldfields Superterrane, Yilgarn Craton: Evidence from tectonostratigraphic studies of the Laverton Greenstone Belt. Precambrian Research, V161, Issues 1-2, 15 February 2008, pages 114-134.. Austin, Joseph Martin, Testing the ‘terrane-boundary’ concept and geodynamics in the NeoArchean: A cse study of the stratigraphy from the West and East Laverton Greenstone Belts. Queensland University of Technology 2022. 134.. Austin, Joseph Martin, Testing the ‘terrane-boundary’ concept and geodynamics in the NeoArchean: A cse study of the stratigraphy from the West and East Laverton Greenstone Belts. Queensland University of Technology 2022.

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9

This announcement is approved by the Board of Arika Resources Limited.

ENQUIRIES

ENQUIRIES
Investors Media
Justin Barton Nicholas Read
Managing Director Managing Director
Arika Resources Ltd Read Corporate
+61 8 6500 0202 +61 8 9388 1474
[email protected] [email protected]

Competent Person Statement

The information that relates to Exploration Results is based upon information compiled by Mr Steve Vallance, who is a full-time employee of Arika Resources Ltd in the role of General Manager Exploration and Executive Technical Director. Mr Vallance is a Member of The Australian Institute of Geoscientists (AIG). Mr Vallance has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking 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” (the JORC Code 2012). Mr Vallance consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward-Looking Statements

This announcement may contain certain “forward-looking statements” which may not have been based solely on historical facts but rather may be based on the Company’s current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have reasonable basis. However, forward-looking statements: (a) are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies.

(b) involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements. Such risks include, without limitation, resource risk, metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, as well as political and operational risks in the countries and states in which the Company operates or supplies or sells product to, and governmental regulation and judicial outcomes; and

(c) may include, among other things, statements regarding estimates and assumptions in respect of prices, costs, results and capital expenditure, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions.

The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements. All forward-looking statements contained in this presentation are qualified by the foregoing cautionary statements. Recipients are cautioned that forward-looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

The Company disclaims any intent or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or results or otherwise.

No New Information

To the extent that this announcement contains references to prior exploration results which have been cross referenced to previous market announcements made by the Company, unless explicitly stated, no new information is contained. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.

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10

About Arika Resources Limited

We are focused on delivering value to shareholders through the development and discovery of high-quality gold assets, including the Kookynie and Yundamindra Gold Projects, in Western Australia.

Arika Resources Limited is continuing to build on the potential large-scale gold footprints at the Yundamindra and Kookynie Gold Projects by expanding on known mineralisation and targeting new discoveries through a pipeline of high priority brownfield and greenfield targets.

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11

Appendix One – Significant Intercepts and Collars

Significant intercepts in the table below were calculated on a length weighted average basis.

Each RC hole drilled by Arika was sampled in its entirety from start to finish using a combination of 2m or 4m composites and1m individual samples. For diamond drillholes the diamond cored section of each hole was sampled in its entirety from the start of each cored section to end of hole with sampling guided by geological observations and maximum sample lengths generally not exceeding 1m.

For the low-grade envelope this was based on a 1m sample returning an assay value of greater than 0.1 g/t Au and for the high-grade zone, based on internal intervals reporting assays greater than 0.5 g/t Au, 5.0g/t Au and 10.0 g/t Au respectively. The maximum width of internal waste was generally 4m however the mineralised intervals are based on geological observations and current interpretation. Consequently, in some instances a broader interval of internal waste, interpreted as a ‘horse’ of limited dip and strike extent may be carried in order to honour the true nature of the ore hosting structure as defined by adjacent drillholes at that location.

No top cut-off was applied due to the early nature of the assessment.

TABLE 1: YUNDAMINDRA EXPLORATION DRILLING RESULTS

& >0.1g/t Ag & >0.1g/t Ag
Collar Location and Orientation Intersection >0.1g/t Au
AREA Prospect Hole_ID Type Local_E Local_N MGA_E MGA_N RL Dip Azimuth
(Mag)		 Depth From To Length **Assays **
(m) (m) (m) (m) Au(g/t) Ag (g/t) **Cuppm **
RED BRICK ROAD Pennyweight Point 25AYRC148 RC 1177 1181 411878 6779551 442.5 -60 300 262 20 36 16 0.26 Assays Pending
122 124 2 0.12 Assays Pending
127 131 4 0.24 Assays Pending
144 153 9 0.24 Assays Pending
170 173 3 0.10 Assays Pending
179 181 2 0.38 Assays Pending
189 193 4 0.25 Assays Pending
196 205 9 0.18 Assays Pending
227 232 5 0.23 Assays Pending
237 238 1 0.12 Assays Pending
242 243 1 0.10 Assays Pending
246 247 1 0.11 Assays Pending
251 272 21 4.65 Assays Pending
incl 252 258 16 6.04 Assays Pending
incl 255 261 6 13.87 Assays Pending
and 258 261 3 19.39 Assays Pending

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12

& >0.1g/t Ag & >0.1g/t Ag
Collar Location and Orientation Intersection >0.1g/t Au
AREA Prospect Hole_ID Type Local_E Local_N MGA_E MGA_N RL Dip Azimuth
(Mag)		 Depth From To Length **Assays **
(m) (m) (m) (m) Au(g/t) Ag (g/t) **Cuppm **
Pennyweight Point 25AYRC149 RC 1129 1139 411816 6779536 442.0 -60 300 202 55 56 1 0.12 Assays Pending
69 70 1 0.19 Assays Pending
77 78 1 0.14 Assays Pending
84 95 11 0.40 Assays Pending
100 105 5 0.13 Assays Pending
120 121 1 0.21 Assays Pending
127 128 1 0.85 Assays Pending
136 176 40 0.25 Assays Pending
183 187 4 0.11 Assays Pending
196 199 3 0.12 Assays Pending
Pennyweight Point 25AYRC150 RC 1143 1121 411820 6779514 440.5 -60 300 220 38 44 6 0.11 Assays Pending
92 95 3 0.13 Assays Pending
100 101 1 0.12 Assays Pending
104 106 2 0.38 Assays Pending
110 112 2 0.11 Assays Pending
116 124 8 0.26 Assays Pending
175 176 1 0.14 Assays Pending
182 190 8 0.15 Assays Pending
193 199 6 0.12 Assays Pending
218 219 1 0.17 Assays Pending
Pennyweight Point 25AYRC151 RC 1116 1118 411794 6779524 440.5 -60 300 232 46 73 27 0.14 Assays Pending
83 86 3 0.15 Assays Pending
90 94 4 0.28 Assays Pending
116 119 3 0.41 Assays Pending
incl 116 117 1 1.18 Assays Pending
125 131 6 0.93 Assays Pending

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13

& >0.1g/t Ag & >0.1g/t Ag
Collar Location and Orientation Intersection >0.1g/t Au
AREA Prospect Hole_ID Type Local_E Local_N MGA_E MGA_N RL Dip Azimuth
(Mag)		 Depth From To Length **Assays **
(m) (m) (m) (m) Au(g/t) Ag (g/t) **Cuppm **
incl 129 131 2 2.21 Assays Pending
incl 129 130 1 3.75 Assays Pending
136 144 8 0.19 Assays Pending
147 154 7 0.11 Assays Pending
159 160 1 0.15 Assays Pending
167 172 5 0.19 Assays Pending
186 188 2 0.11 Assays Pending
230 232 2 0.13 Assays Pending
Pennyweight Point 25AYRC151A RC 1115 1121 411800 6779526 441 -60 300 166 40 44 4 0.13 Assays Pending
54 58 4 0.13 Assays Pending
62 64 2 0.26 Assays Pending
81 83 2 0.75 Assays Pending
86 92 6 0.10 Assays Pending
93 94 1 0.10 Assays Pending
101 103 2 0.11 Assays Pending
116 117 1 0.10 Assays Pending
133 137 4 0.14 Assays Pending
142 146 4 0.19 Assays Pending
155 165 10 0.28 Assays Pending
Pennyweight Point 25AYRC152 RC 1059 1104 411737 6779538 442.1 -60 300 136 0 32 32 0.18 Assays Pending
52 60 8 0.11 Assays Pending
60 89 29 0.62 Assays Pending
78 89 11 1.24 Assays Pending
incl 80 84 4 3.02 Assays Pending
94 97 3 0.25 Assays Pending
102 103 1 0.11 Assays Pending

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14

Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Intersection >0.1g/t Au Intersection >0.1g/t Au Intersection >0.1g/t Au Intersection >0.1g/t Au & >0.1g/t Ag & >0.1g/t Ag
AREA Prospect Hole_ID Type Local_E Local_N MGA_E MGA_N RL Dip Azimuth
(Mag)		 Depth From To Length **Assays **
(m) (m) (m) (m) Au(g/t) Ag (g/t) **Cuppm **
110 118 8 0.24 Assays Pending
Pennyweight Point 25AYRC153 RC 1103 1097 411773 6779511 442.3 -60 300 172 0 16 16 0.30 Assays Pending
28 48 20 0.15 Assays Pending
52 56 4 0.17 Assays Pending
61 64 3 0.42 Assays Pending
69 78 9 0.26 Assays Pending
81 82 1 0.26 Assays Pending
86 87 1 0.12 Assays Pending
96 97 1 0.34 Assays Pending
107 117 10 2.28 Assays Pending
incl 109 115 6 3.55 Assays Pending
123 124 1 0.18 Assays Pending
131 141 10 0.24 Assays Pending
161 166 5 0.16 Assays Pending
Pennyweight Point 25AYRC154 RC 1090 1077 411752 6779500 442.0 -60 300 184 12 73 61 0.24 Assays Pending
incl 40 48 8 0.80 Assays Pending
76 99 23 0.49 Assays Pending
incl 92 100 8 1.08 Assays Pending
incl 92 95 3 2.42 Assays Pending
& 97 99 2 0.55 Assays Pending
Pennyweight Point 25AYRC155 RC 925 1062 411599 6779563 440.1 -60 300 70 23 24 1 0.15 Assays Pending
35 39 4 0.12 Assays Pending
Assays Pending
Pennyweight Point 25AYRC156 RC 959 1057 411627 6779543 440.1 -60 300 100 24 28 4 0.14 Assays Pending
47 50 3 0.33 Assays Pending

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15

& >0.1g/t Ag & >0.1g/t Ag
Collar Location and Orientation Intersection >0.1g/t Au
AREA Prospect Hole_ID Type Local_E Local_N MGA_E MGA_N RL Dip Azimuth
(Mag)		 Depth From To Length **Assays **
(m) (m) (m) (m) Au(g/t) Ag (g/t) **Cuppm **
72 73 1 0.15 Assays Pending
Pennyweight Point 25AYRC157 RC 1000 1058 411664 6779525 440.4 -60 300 112 4 12 8 0.17 Assays Pending
16 32 16 2.96 Assays Pending
incl 20 28 8 5.76 Assays Pending
incl 24 28 4 10.58 Assays Pending
69 73 4 0.16 Assays Pending
80 82 2 0.13 Assays Pending
102 104 2 0.12 Assays Pending
Pennyweight Point 25AYRC158 RC 1086 1059 411740 6779486 442.2 -60 300 166 20 24 4 0.50 Assays Pending
40 64 24 0.37 Assays Pending
72 80 8 0.12 Assays Pending
83 96 13 1.17 Assays Pending
incl 84 87 3 3.89 Assays Pending
& 91 92 1 0.54 Assays Pending
& 93 96 3 0.60 Assays Pending
113 114 1 0.43 Assays Pending
124 126 2 0.10 Assays Pending
135 137 2 0.20 Assays Pending
140 141 1 0.12 Assays Pending
146 151 5 0.15 Assays Pending
Pennyweight Point 25AYRC159 RC 1131 1057 411779 6779463 443.5 -60 300 184 33 34 1 0.22 0.78 1365
40 42 2 0.12 0.62 802
47 48 1 0.13 0.32 622
52 54 2 0.12 0.56 1067
58 63 5 0.11 0.99 1646

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16

Collar Location and Orientation Intersection >0.1g/t Au & >0.1g/t Ag
AREA Prospect Hole_ID Type Local_E Local_N MGA_E MGA_N RL Dip Azimuth
(Mag)		 Depth From To Length
**Assays **
(m) (m) (m) (m) Au(g/t) Ag (g/t) **Cuppm **
69 76 7 0.13 1.29 1681
80 82 2 0.18 0.87 1099
90 97 7 0.31 0.60 611
100 107 7 0.22 0.43 514
110 113 3 0.23 0.55 622
117 118 1 0.27 0.28 200
122 126 4 0.20 0.26 311
130 136 6 0.16 0.35 839
141 142 1 0.18 0.27 631
144 156 12 1.47 0.65 663
incl 144 149 5 3.30 0.84 646
159 161 2 0.12 0.47 529
168 169 1 0.14 0.42 356
Pennyweight Point 25AYRC160 RC 946 1040 411608 6779534 440.0 -60 300 88 20 24 4 0.19 NSR 1179
Pennyweight Point 25AYRC161 RC 977 1042 411636 6779521 440.0 -60 300 106 4 24 20 0.19 NSR 248
52 56 4 0.12 0.14 597
79 81 2 0.12 1.58 1922
Pennyweight Point 25AYRC162 RC 1015 1043 411670 6779505 441.0 -60 300 112 16 48 32 0.66 0.40 628
incl 16 24 8 1.08 0.39 880
& 32 40 8 1.18 0.50 796
58 70 12 0.19 0.42 344
77 81 4 0.13 2.19 186
107 108 1 0.41 4.48 3870
111 112 1 0.14 4.47 3227

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17

Collar Location and Orientation Intersection >0.1g/t Au & >0.1g/t Ag
AREA Prospect Hole_ID Type Local_E Local_N MGA_E MGA_N RL Dip Azimuth
(Mag)		 Depth From To Length
**Assays **
(m) (m) (m) (m) Au(g/t) Ag (g/t) **Cuppm **
Pennyweight Point YMRC097 RC 1052 1041 411702 6779485 441.6 -60 300 188 0 4 4 0.17 NSR 456
7 9 2 0.12 0.11 359
11 14 3 0.11 NSR 369
16 25 9 0.27 0.20 1170
30 35 5 0.16 0.32 884
39 42 3 0.14 0.35 481
47 75 28 0.43 0.71 411
79 80 1 0.14 0.35 301
156 159 3 0.15 2.38 1645
Pennyweight Point YMRC086 RC 1090 1040 411735 6779467 442.9 -60 300 220 122 123 1 0.18 0.27 438
125 126 1 0.11 0.18 225
132 133 1 0.43 NSR 26
156 157 1 0.37 0.16 260
195 198 3 0.28 0.42 752
Pennyweight Point 25AYRC165 RC 1119 1044 411763 6779457 443.8 -60 300 219 30 35 5 0.26 0.26 434
57 66 9 0.16 1.37 1794
71 76 5 0.27 0.95 1209
79 85 6 0.60 0.84 884
88 102 14 0.23 0.32 431
106 109 3 0.14 0.14 223
113 115 2 0.11 0.33 659
118 138 20 0.55 0.67 952
incl 125 130 5 1.26 0.69 917
151 155 4 0.10 0.56 621
187 189 2 0.36 0.20 205

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18

Collar Location and Orientation Intersection >0.1g/t Au & >0.1g/t Ag
AREA Prospect Hole_ID Type Local_E Local_N MGA_E MGA_N RL Dip Azimuth
(Mag)		 Depth From To Length
**Assays **
(m) (m) (m) (m) Au(g/t) Ag (g/t) **Cuppm **
191 192 1 0.10 0.45 911
202 206 4 0.15 0.37 414
Pennyweight Point 25AYRC166 RC 1206 1040 411842 6779412 446.5 -60 300 253 91 92 1 0.13 0.40 490
101 106 5 0.27 0.71 851
118 119 1 0.25 NSR 65
124 126 2 0.17 0.86 932
137 138 1 0.33 0.56 598
154 157 3 0.12 0.43 493
160 161 1 0.31 1.45 1842
164 166 2 0.24 0.52 576
170 175 5 1.27 1.44 640
incl 172 173 1 5.47 5.92 1498
182 183 1 0.14 0.38 526
190 192 2 0.13 0.40 475
196 204 8 0.15 0.35 397
225 230 5 0.28 0.51 671
236 238 2 0.23 0.42 618
244 246 2 0.10 0.19 342
261 263 2 0.10 0.19 291
Pennyweight Point 25AYRC167 RC 962 1232 411716 6779696 439.9 -60 210 100 40 60 20 0.93 0.62 446
incl 48 58 10 1.53 0.86 470
incl 53 55 2 3.83 1.36 331
69 70 1 0.17 0.20 294
Pennyweight Point 25AYRC168 RC 963 1263 411732 6779723 439.9 -60 210 106 56 60 4 0.11 0.22 340
62 68 6 0.38 0.74 878

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19

Collar Location and Orientation Intersection >0.1g/t Au & >0.1g/t Ag
AREA Prospect Hole_ID Type Local_E Local_N MGA_E MGA_N RL Dip Azimuth
(Mag)		 Depth From To Length
**Assays **
(m) (m) (m) (m) Au(g/t) Ag (g/t) **Cuppm **
71 74 3 0.10 0.16 478
Pennyweight Point 25AYRC169 RC 1147 1300 411912 6779670 440.0 -60 300 178 48 52 4 0.52 NSR 302
75 77 2 0.12 1.33 851
85 87 2 0.11 3.93 755
87 88 1 0.05 21.70 189
92 94 2 0.13 0.10 15
Pennyweight Point 25AYRC170 RC 953 958 411580 6779458 440.0 -60 300 82 60 69 9 0.43 0.93 817
incl 61 65 4 0.56 1.13 1084
& 67 68 1 1.03 1.46 1003
75 76 1 0.13 0.28 257
Pennyweight Point 25AYRC171 RC 995 957 411617 6779438 441.0 -60 300 106 85 86 1 0.26 1.01 1034
100 103 3 0.18 0.63 617
Pennyweight Point YMRC088 RC 1032 956 411649 6779419 441.0 -60 300 136 57 64 7 0.32 0.19 375
Pennyweight Point YMRC089 RC 1100 955 411709 6779387 442.8 -60 300 184 117 118 1 0.13 0.39 398
125 132 7 0.23 1.55 1326
146 147 1 0.12 0.14 128
149 150 1 0.18 0.53 765
154 155 1 0.10 0.10 160
162 165 3 0.21 0.55 800
Pennyweight Point 25AYRC172 RC 1179 954 411779 6779349 446.1 -60 300 262 21 39 18 0.19 0.10 346
61 62 1 0.20 0.10 337
110 112 2 2.06 0.32 438

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20

Collar Location and Orientation Intersection >0.1g/t Au & >0.1g/t Ag
AREA Prospect Hole_ID Type Local_E Local_N MGA_E MGA_N RL Dip Azimuth
(Mag)		 Depth From To Length
**Assays **
(m) (m) (m) (m) Au(g/t) Ag (g/t) **Cuppm **
125 126 1 0.13 0.27 655
131 132 1 0.12 0.12 349
142 177 35 1.22 0.71 1214
incl 146 166 20 1.86 0.89 1484
183 184 1 0.11 0.14 368
186 194 8 0.22 0.13 394
202 239 37 0.52 1.42 1860
incl 206 209 3 1.34 0.57 1431
& 217 223 6 1.20 4.41 5062
& 229 231 2 1.02 4.32 5371
244 245 1 0.14 0.93 1313
247 254 7 0.43 1.03 1336
257 260 3 0.19 1.18 1476
Pennyweight Point 25AYRC173 RC 1184 783 411703 6779195 444.0 -60 300 203 90 96 6 0.11 0.33 431
105 107 2 2.61 0.33 301
131 132 1 0.11 0.27 299
138 139 1 0.10 NSR 57
144 145 1 0.12 NSR 60
174 175 1 0.18 1.29 1667
178 179 1 0.10 0.81 1301
186 187 1 0.12 0.63 986
195 196 1 0.23 0.14 227
Pennyweight Point 25AYRC174 RC 988 439 411369 6778983 445.0 -60 300 143 43 46 3 0.19 0.34 692
Pennyweight Point 25AYRC175 RC 927 439 411315 6779011 444.1 -60 300 143 NSR

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21

Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Collar Location and Orientation Intersection >0.1g/t Au & >0.1g/t Ag Intersection >0.1g/t Au & >0.1g/t Ag Intersection >0.1g/t Au & >0.1g/t Ag Intersection >0.1g/t Au & >0.1g/t Ag Intersection >0.1g/t Au & >0.1g/t Ag Intersection >0.1g/t Au & >0.1g/t Ag
AREA Prospect Hole_ID Type Local_E Local_N MGA_E MGA_N RL Dip Azimuth
(Mag)		 Depth From To Length **Assays **
(m) (m) (m) (m) Au(g/t) Ag (g/t) **Cuppm **
Highland Chief 25AYRC176 RC 1081 163 411322 6778695 453.7 -60 300 191 40 66 26 0.40 0.75 1162
incl 54 56 2 4.06 0.86 1097
YELLOW BRICK
ROAD		 Landed at Last YMRC114 RC 404039 6780826 TBC -60 235 137 Assays Pending
25AYRC177 RC 404020 6780838 TBC -60 295 77 Assays Pending
YMRC120 RC 404102 6780753 TBC -60 240 149 Assays Pending
25AYRC178 RC 404133 6781052 TBC -58 235 203 Assays Pending

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22

Appendix Two – JORC Code, 2012 Edition – Table 1

Section 1: Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Sampling
techniques		 ● Nature and quality of sampling (eg cut
channels, random chips, or specific specialised
industry standard measurement tools
appropriate to the minerals under investigation,
such as down hole gamma sondes, or handheld
XRF instruments, etc). These examples should
not be taken as limiting the broad meaning of
sampling.
● Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or
systems used.
● Aspects of the determination of mineralisation
that are Material to the Public Report.
● In cases where ‘industry standard’ work has
been done this would be relatively simple (eg
‘reverse circulation drilling was used to obtain 1
m samples from which 3 kg was pulverised to
produce a 30 g charge for fire assay’). In other
cases more explanation may be required, such
as where there is coarse gold that has inherent
sampling problems. Unusual commodities or
mineralisation types (eg submarine nodules)
may warrant disclosure of detailed information.		 ● All of the samples being reported on in this release were collected utilising industry standard
Reverse Circulation (RC) drilling techniques.
● All of the RC drilling was undertaken by Ranger Drilling, a fully owned subsidiary of the Perenti
Diversified Mining Services Group (ASX: PRN)
● Reverse circulation (RC) sampling was carried out using a rig mounted METZKE Static Cone
Splitter.
● Sampling was conducted by the drill offsiders on the drill rig and checked at the end of each
rod (6 metres) by both the drilling contractor and the site supervising geologists to ensure that
the sample ID’s matched the interval that was intended to be represented by that sample ID.
No issues were seen or noted by the Competent person during the entire drilling campaign.
These samples are kept onsite in a secure location available for further analysis if required.
● A representative portion from each 1m RC sample was sieved, washed and presented in
plastic chip trays prior to geological logging to ensure samples selected for analysis were
taken from the appropriate intervals as determined by the site supervising geologist. The
presence of quartz veining +- sulphide presence +- alteration was typically used to determine
if a zone was interpreted to be mineralised.
● The quality of the sampling is industry standard and was completed with the utmost care to
ensure that the material being sampled, can be traced back to the interval taken from the drill
hole for RC chips.
● Samples submitted for analysis weighed on average 3kg.
● All samples described in this announcement have been submitted to Intertek Laboratory in
Kalgoorlie for initial sample preparation prior to shipment to Intertek Perth for final analysis.
Drilling techniques ● Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (eg core diameter, triple
or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is		 ● All of the drilling described in this release was completed utilising industry standard RC
drilling techniques.
● RC drilling used a SREPS 760 downhole face sampling hammer with a nominal bit size of
5.5inch (125mm).
● All of the drillingwas undertaken byRanger Drillingusinga DRA600 Reverse Circulation Drill

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23

oriented and if so, by what method, etc). Rig with a Sullair 1350cfm/500psi on board compressor mounted on a MAN TGA 41.480 8WD
truck combined with an 1150cfm/350psi OX Hurricane Booster /Sullair Auxilliary Compressor
mounted on MAN 41.480 8WD truck.
Drill sample
recovery		 ● Method of recording and assessing core and
chip sample recoveries and results assessed.
● Measures taken to maximise sample recovery
and ensure representative nature of the
samples.
● Whether a relationship exists between sample
recovery and grade and whether sample bias
may have occurred due to preferential loss/gain
of fine/coarse material.		 ● Sample recovery size and sample conditions (dry, wet, moist) were recorded.
● Drilling with care (e.g. clearing hole at start of each rod, regular cyclone cleaning) if water
encountered to reduce incidence of wet samples.
● No relationship was displayed between recovery and grade nor loss/gain of fine/course
material.
●
Logging ● Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.
● Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc)
photography.
● The total length and percentage of the relevant
intersections logged.		 ● All recovered samples from RC have been geologically logged to a level where it would
support an appropriate Mineral Resource Estimate, mining studies and metallurgical test
work.
● Logging was qualitative based on the 1 metre samples derived from RC drilling.
Representative sample was collected in plastic chip trays which are securely stored on-site
for future reference.
● Logging was qualitative based on geological boundaries observed.
● 100 percent of the drillholes were logged to capture all relevant geological units, structures
and intersections.
Sub-sampling
techniques and
sample
preparation		 ● If core, whether cut or sawn and whether
quarter, half or all core taken.
● If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.
● For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
● Quality controlprocedures adopted for all sub-		 ● RC chip samples were cone split from the drill rig into individual 1m green sample bags pre-
numbered for hole depth and neatly laid out in 20m rows adjacent to the drill collar.
● A 1m sample was collected at the cone splitter on the RC rig in a pre-numbered calico bag.
● All RC samples were dry. All recoveries were >90%.
● Field duplicates, blanks and CRM standards were inserted every 25 samples.
● GEOSTATS standards or CRMs of 60 gram charges of G919-3 (Au grade of 0.87ppm Au), 916-2
(Au grade of 1.98ppm Au) and 918-2 (Au grade of 1.43ppm Au) and 919-8 (Au grade of
0.57ppm Au) were used in alternating and sporadic patterns at a ratio of 1 QAQC sample in 25
samples submitted.

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24

sampling stages to maximise representivity of
samples.
● Measures taken to ensure that the sampling is
representative of the in situ material collected,
including for instance results for field
duplicate/second-half sampling.
● Whether sample sizes are appropriate to the
grain size of the material being sampled.		 ● Samples are dried (nominal 110 degrees C), crushed and pulverized to produce a
homogenous representative sub-sample for analysis. All samples are pulverised utilising
Intertek preparation techniques.
● The Competent Person is of the opinion RC drilling and sampling method are considered
appropriate for the delineation of gold mineralisation.
Quality of assay
data and
laboratory tests		 ● The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.
● For geophysical tools, spectrometers, handheld
XRF instruments, etc, the parameters used in
determining the analysis including instrument
make and model, reading times, calibrations
factors applied and their derivation, etc.
● Nature of quality control procedures adopted
(eg standards, blanks, duplicates, external
laboratory checks) and whether acceptable
levels of accuracy (ie lack of bias) and precision
have been established.		 ● Gold and multi-element analyses were undertaken by Intertek Genalysis in Perth, using routine
fire assay and multi element analysis by pXRF.
● This near-full digest is considered sufficient for this stage of exploration and the weathered nature
of the samples.
● Gold analysis was undertaken with 50-gram Fire Assay with OES finish. The detection limit for gold
via this method is 5ppb (0.005ppm).
● Laboratory QA/QC involves the use of internal lab standards using certified reference material,
blanks, splits and replicates as part of the inhouse procedures. QC results (blanks, duplicates,
standards) were in line with commercial procedures, reproducibility and accuracy.
● Multi-Element analyses will be carried out by Intertek using pXRF under laboratory QA/QC
controls.
● The analytical method employed is appropriate for the styles of mineralisation and target
commodity present.
● No geophysical tools, spectrometers, handheld XRF instruments were used in the field.
● QAQC analysis shows that the lab performed within the specifications of the QAQC protocols.
● No external laboratory checks have been completed.
Verification of
sampling and
assaying		 ● The verification of significant intersections by
either independent or alternative company
personnel.
● The use of twinned holes.
● Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
● Discuss any adjustment to assay data.		 ● No umpire analysis has been performed.
● Data was collected on to standardised templates in the field and data cross checks were
performed verifying field data and assay results.
● No adjustment to the available assay data has been made.
● For all intercepts, the first received assay result is always reported.

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25

Location of data
points		 ● Accuracy and quality of surveys used to locate
drill holes (collar and down-hole surveys),
trenches, mine workings and other locations
used in Mineral Resource estimation.
● Specification of the grid system used.
● Quality and adequacy of topographic control.		 ● Drill hole collars are picked up at the end of each hole by the site supervising geologist using a
handheld Garmin GPS. Accuracy is +/-5m.
● GDA2020(MGA2020) Zone 51 grid system was used.
● Collars will be picked up by a qualified surveyor using a DGPS (Trimble S7or equivalent).
● The surveyed collar coordinates are sufficiently accurate and precise to locate the drillholes.
●
Data spacing and
distribution		 ● Data spacing for reporting of Exploration
Results.
● Whether the data spacing and distribution is
sufficient to establish the degree of geological
and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
● Whether sample compositing has been applied.		 ● Drillholes were designed and drilled to test the validity of historical drilling information and
not for Mineral Resource estimation and classification purposes.
● No mineral classification is applied to the results at this stage.
● 1m interval samples and results described in this announcement were collected from a rig
mounted cone splitter.
Orientation of data
in relation to
geological
structure		 ● Whether the orientation of sampling achieves
unbiased sampling of possible structures and
the extent to which this is known, considering
the deposit type.
● If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.		 ● Drilling was designed as perpendicular as possible to the interpreted structure that hosts
mineralisation to avoid introducing any bias.
● The drilling orientation and the orientation of key mineralised structures has not introduced a
bias.
● All drillholes were downhole surveyed using a north seeking Gyro survey tool.
Sample security ● The measures taken to ensure sample security. ● The chain of supply from rig to the laboratory was overseen by ARI geological staff and/or a
contract geologist. At no stage has any person or entity outside of ARI’s staff, the contract
geologist, the drilling contractor, contract courier, and the assay laboratory come into
contact with the samples.
● Samples were delivered by Arika field personnel and/or it’s contractors to the Intertek
laboratory in Kalgoorlie for initial sample preparation then to Maddington for analysis.
Audits or reviews ● The results of any audits or reviews of sampling
techniques and data.		 ● No external audit of the results, beyond the laboratory internal QAQC measures, has taken
place.
● QA/QC data is regularlyreviewed byARI and the company’s Database Manager,ERM,and

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26

results provide a high-level of confidence in the assay data.

Section 2: Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral tenement
and land tenure
status		 ● Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.
● The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area.		 The drilling being reported on in this announcement was undertaken within Mining Lease,
M39/410.
Arika currently operates within a Joint Venture Agreement with Nex Metals Exploration (NME) and
holds 80% with NME holding the remaining 20%. On 2 February 2026, Arika announced an
Agreement to move to 100% ownership of the Kookynie and Yundamindra Assets (subject to
completion conditions), which will end the Joint Venture Agreement with NME.
● No impediments exist to obtaining a license to operate over the listed tenure at the time of
reporting.
Exploration done
by other parties		 ● Acknowledgment and appraisal of exploration
by other parties.		 ● Arika Ltd has completed a review of historical data and made corrections to previously
supplied data from the JV partner NME.
● The Yundamindra areas has been subject to multiple phases of exploration since discovery of
gold before 1899. Further small-scale mining occurred until the 1940’s. Exploration activities
between the late 1970’s into the early 1980’s was completed by Pennzoil Australia, Kennecott
Exploration with Hill Minerals, and Picon Exploration.
● Mt Burgess Gold Mining Company
undertook significant exploration drilling to generate resource estimates for the western and
eastern lines of mineralisation in 1988 and 1989 respectively.
Sons of Gwalia entered into a JV with Mt Burgess in the mid 1990’s which lasted until 1999
then held the project tenements outright until 2003 which included exploration activities, a
re-optimisation study in 1997 on part of the Western Line of mineralisation, as well as further
resources estimates.
Saracen Gold held the project tenements from 2006 until 2010 until it entered into a JV with
NME.
● NME controlled theproject outright from 2013 until enteringinto a JV with Arika in 2019.

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27

Geology ● Deposit type, geological setting and style of
mineralisation.		 Yundamindra:
●
The Yundamindra Project lies within the Murrin-Margaret sector of the Leonora-Laverton
area; part of the north-northwest to south-southeast trending Norseman-Wiluna
Greenstone Belt of the Eastern Goldfields Province of the Yilgarn Craton.
●
The Murrin-Margaret sector is dominated by an upright, north to north-northwest trending
asymmetric regional anticline (Eucalyptus Anticline) centred about the Eucalyptus area.
The western limb of the regional anticline has been intruded by granitoids (Yundamindra
area). Strike-slip faulting is dominant along the eastern limb.
●
The Yundamindra Project encompasses zones of gold mineralisation occurring along the
margin of a regional scale hornblende-granodiorite batholith which intruded mafic
lithologies. The contact is sub-divided into two ‘lines’ of mineralisation, western and
eastern.
●
The Western Line consists of a north-northwest trending zone of generally continuous, east
dipping quartz reefs and quartz filled shears in granitoids, near the contact between a large
hornblende granodiorite pluton and a thin remnant greenstone succession. The lode
generally strikes parallel to a regional north-northwest schistosity in the mafic succession
immediately to the west. Folding and faulting has dislocated the continuity of the lode in
places and produced domal structures.
●
The Eastern Line encompasses the eastern portion of the arcuate granodiorite/greenstone
contact with gold mineralisation associated with quartz veining within the mafic
succession and within quartz vein/stockwork within granodiorite.
●
All exploration targets, prospects and deposits are interpreted as orogenic shear-hosted
exploration targets for gold mineralisation.
Drill hole
Information		 ● A summary of all information material to the
understanding of the exploration results
including a tabulation of the following
information for all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation
above sea level in metres) of the drill hole
collar
o dip and azimuth of the hole		 ● All discussion points are captured within the announcement above.
● For RC drilling, dip and azimuth data is accurate to within +/-5ᵒrelative to MGA UTM grid
(GDA94 Z51).
● For all drilling, down hole depth and end of hole length is accurate to with +/- 0.2m.
● All RC and diamond drillholes completed by Arika were surveyed downhole using a north
seeking Gyro tool supplied by the drilling contractor.

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28

o down hole length and interception depth
o hole length.
● If the exclusion of this information is justified on
the basis that the information is not Material
and this exclusion does not detract from the
understanding of the report, the Competent
Person should clearly explain why this is the
case.		 ● A collar table is supplied in the appendices.
● A summary of significant intercepts table is supplied in the Appendices.
Data aggregation
methods		 ● In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (eg cutting of high
grades) and cut-off grades are usually Material
and should be stated.
● Where aggregate intercepts incorporate short
lengths of high-grade results and longer lengths
of low-grade results, the procedure used for
such aggregation should be stated and some
typical examples of such aggregations should
be shown in detail.
● The assumptions used for any reporting of
metal equivalent values should be clearly
stated.		 ● Intercepts are reported as down-hole length on 2m/4m composites and/or 1 metre individual
samples from RC drilling.
● Gold intercepts have been calculated using the weighted average method for all intervals
reporting >0.1g/t Au.
● Intercepts are reported as down-hole lengths and average gold intercepts are calculated with
a 0.1 g/t and 0.5 g/t Au lower cut, no upper cut and <4m internal dilution.
● Intercepts were defined geologically based on an interpretation of the target zone at a given
location.
● Length weighted grades were then calculated based on a sample returning an assay value of
greater than 0.1 g/t Au for the low-grade envelope and internal zones of greater than 0.5 g/t Au
and 5.0 g/t Au respectfully. Generally, no more than 4 metres of internal material that graded
less than 0.1 g/t Au was included except where a Raft or ‘Horse’ of lower grade country rock
was interpreted as being within the targeted lode zone as defined by adjacent holes.
● Intervals were based on geology and no top cut off was applied.
● No metal equivalents are discussed or reported.
Relationship
between
mineralisation
widths and
intercept lengths		 ● These relationships are particularly important in
the reporting of Exploration Results.
● If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.
● If it is not known and only the down hole lengths
are reported, there should be a clear statement
to this effect(eg ‘down hole length, true width		 ● All holes reported here are designed to intersect the target zone/mineralisation orthogonal to
both strike and dip. The downhole length is therefore close to the true thickness.

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29

not known’).
Diagrams ● Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported These should include, but not be
limited to a plan view of drill hole collar
locations and appropriate sectional views.		 ● A selection of appropriate maps and sections are included within the body of the report.
● Please see main body of the announcement for the relevant figures showing the drillholes
completed.
Balanced reporting ● Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.		 ● All results have been presented and all plans are presented in a form that allows for the
reasonable understanding and evaluation of the exploration results being reported.
Other substantive
exploration data		 ● Other exploration data, if meaningful and
material, should be reported including (but not
limited to): geological observations;
geophysical survey results; geochemical survey
results; bulk samples – size and method of
treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.		 ● The area has had significant historical production recorded and is accessible via the
MINEDEX database.
● All material results from geochemical, geophysical, geological mapping and drilling activities
related to prospects across the Yundamindra Gold Project have been disclosed.
Further work ● The nature and scale of planned further work
(eg tests for lateral extensions or depth
extensions or large-scale step-out drilling).
● Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.		 ● Follow up exploration activities will include, but not limited to RC drilling and planned for the
remainder of the 2026 field season pending outcomes from the drilling results and ongoing
interpretation.
● Diagrams pertinent to the areas in question are supplied in the body of this announcement.

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30

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31

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