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DALAROO METALS LTD Capital/Financing Update 2026

Mar 8, 2026

64756_rns_2026-03-08_286c28fb-f52c-4502-8c9e-21f2e0ae25d4.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

High-Grade Gold up to 17.95 g/t Confirmed at Bondoukou Gold Project, Côte d’Ivoire


Due Diligence Sampling Confirms Significant Gold Mineralisation within Extensive Artisanal Workings.

Dalaroo Metals Ltd (ASX: DAL) (“Dalaroo” or “the Company”) is pleased to announce highgrade gold assay results from reconnaissance rock chip sampling undertaken during the due diligence phase at the Bondoukou Gold Project in eastern Côte d’Ivoire.

Assays from quartz reef material exposed within active artisanal workings returned gold grades of up to 17.95 g/t Au , confirming the presence of high-grade gold mineralisation within the northern portion of the project area.

These results provide early geological validation of the project’s prospectivity within the Birimian Gold Belt of West Africa , a globally significant gold province that hosts numerous Tier-1 gold deposits.

The sampled quartz veins occur within zones of extensive artisanal mining activity developed along interpreted structural corridors. The presence of multiple workings across the area indicates a broad mineralised system and highlights the potential for structurally controlled gold mineralisation within the licence area. These initial results provide encouragement for systematic exploration programs designed to define the scale and continuity of mineralisation.

Highlights:

  • High-grade gold assays up to 17.95 g/t Au from reconnaissance rock chip sampling

  • Four of six samples returned significant gold values ranging from 3.59 g/t to 17.95 g/t Au

  • Mineralisation hosted in quartz reef systems exposed in active artisanal workings

  • Artisanal workings extend approximately 600m along strike in the northern portion of the project

  • Systematic Geological mapping and geochemical sampling programs underway

For more information about the project visit: Click Here

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Initial Sampling Results

Six reconnaissance rock chip samples were collected from quartz reef material exposed within artisanal workings to confirm the presence of gold mineralisation.

Table 1. Rock Chip Sampling Results

Sample ID Easting Northing Elev(m) Au(g/t)
DDI001 495408 895480 350 0.54
DAM001 493780 896494 369 0.68
DAM002 493869 896385 385 8.01
DAM003 493042 896621 368 17.95
DAM004A 493042 896621 368 3.59
DAM004B 493042 896621 368 4.95

The samples represent selective rock chip sampling from exposed mineralised quartz reefs and therefore may not be representative of overall mineralisation grades across the project area .

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Figure 1. Plan map showing location of reconnaissance rock chip samples assay results and mapped artisanal workings.

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Figure 2. Quartz reef material exposed within artisanal workings at the Bondoukou Gold Project, interpreted to host structurally controlled gold mineralisation.

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Figure 3. Quartz vein material extracted from artisanal workings at Bondoukou.

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Figure 4. Drone imagery illustrating the extent of artisanal mining activity along a ~600 m strike length within the northern Bondoukou Gold Project.

Strategic Location in a World-Class Gold Belt

The Bondoukou Project is located within the Birimian Greenstone Belt of eastern Côte d’Ivoire , one of the most prolific gold-producing regions in West Africa.

The project lies approximately:

~35 km northwest of Endeavour Mining’s Tanda-Iguela gold project , a major gold discovery within the region.

Gold mineralisation in the Birimian terrane is typically associated with:

  • Major regional shear zones

  • Volcanic–sedimentary sequences

  • Quartz vein systems and structural corridors

The widespread presence of artisanal workings across the licence area provides strong evidence of nearsurface gold mineralisation with potential strike and depth continuity .

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Current Exploration Activities

Dalaroo has mobilised its exploration team to conduct systematic early-stage exploration aimed at defining drill targets.

Current work includes:

  • Detailed geological mapping across the northern licence area

  • Rock chip and geochemical sampling programs

  • Structural interpretation of artisanal workings

  • Target generation for initial drill programs

Project Overview and Regional Setting

The Bondoukou Project is located within the Birimian terrane, a globally significant geological province that hosts numerous major orogenic gold deposits across West Africa. The terrane is characterised by extensive greenstone belts, regional-scale shear zones and favourable structural architecture, which commonly control the emplacement of gold mineralisation throughout the region.

The project tenure encompasses multiple prospective structural corridors displaying geological and structural characteristics conducive to gold mineralisation. Prospectivity appears particularly strong in the northern portion of the licence, where extensive historical artisanal workings are developed along interpreted shear zones and fault structures.

These artisanal workings provide evidence for near-surface gold occurrences within the project area. However, no drilling or systematic exploration programs have yet been undertaken by the Company to confirm the extent, grade or continuity of mineralisation.

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Figure 5. Picture shows Artisanal workings below the tree canopy.

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Figure 6. Country scale Map of Cote d'Ivoire showing Dalaroo projects in relation to known gold deposits.

Geological Setting and Prospectivity

The Bondoukou Project is located within the Birimian terrane of eastern Côte d’Ivoire, approximately 35 km northwest of the Tanda gold deposit operated by Endeavour Mining, within one of West Africa’s most prolific gold-producing geological provinces.

Gold mineralisation within the Birimian terrane is typically structurally controlled, occurring along major shear zones and lithological contacts that act as conduits for hydrothermal fluids responsible for gold deposition. At Bondoukou, extensive artisanal gold workings are distributed across the licence area,

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particularly along interpreted regional shear corridors and volcanic–granitoid contacts, providing strong surface evidence for near-surface gold mineralisation with potential for both strike and depth continuity.

The presence of favourable Birimian host lithologies, well-developed structural architecture, and widespread artisanal mining activity indicates that the project may host orogenic-style gold mineralisation. These characteristics support the implementation of systematic exploration programs, including geological mapping, geochemical sampling and drilling, to evaluate the scale, grade continuity and economic potential of the mineralised systems across the project area.

Upcoming Catalyst

Over the coming weeks the Company expects:

  • Completion of the current geological mapping program across the northern portion of the project

  • Commencement of Soil geochemical sampling program across priority target areas

  • Planning and permitting of initial RC drill programs

Management Commentary

Dalaroo’s CEO John Morgan Comments:

“These initial sampling results provide encouraging confirmation of high-grade gold mineralisation within quartz reef material exposed in the extensive artisanal workings at Bondoukou. While the sampling is selective in nature, the presence of multiple high-grade results within a well-endowed Birimian gold belt highlights the exploration potential of the project.

The widespread artisanal workings observed across the northern portion of the licence provide valuable geological guidance for our exploration programs. These workings often represent the surface expression of structurally controlled gold systems that have potential to extend along strike and at depth.

Our immediate focus is on completing detailed geological mapping and geochemical sampling to better understand the structural controls and scale of the mineralised system. These programs will be critical in defining priority targets for our first phase of drilling at Bondoukou.”

Dalaroo’s Cote d’Ivoire Country & Exploration Manager Frank Twum-Berima Bosompem Comments:

“The Bondoukou Gold Project is located within a highly prospective Birimian gold belt that hosts several significant gold deposits across West Africa. The presence of extensive artisanal workings across the northern portion of the permit provides strong geological evidence for structurally controlled gold mineralisation at surface.

These initial sampling results confirm the presence of gold within quartz reef systems exposed in the workings and provide important geological guidance for our ongoing exploration programs. While the

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sampling is reconnaissance in nature, the high-grade assays returned to date are encouraging and support our interpretation of a structurally controlled mineralised system within the project area.

Our in-country exploration team is currently undertaking systematic geological mapping and geochemical sampling to better understand the structural controls and scale of the mineralised system. These programs will be critical in defining priority drill targets as we advance Bondoukou through the next phase of exploration.”

This announcement has been authorised for release to the ASX by the Company's Board of Directors.

ENDS

For more Information:

Please visit our website for more information: www.dalaroometals.com.au

John Morgan, T: +61 410 774 319 E: [email protected]

ABOUT DALAROO METALS

Dalaroo Metals Limited is an ASX-listed exploration company focused on the discovery and development of high-quality gold and critical minerals projects across Australia and international jurisdictions.

The Company’s portfolio includes the Blue Lagoon Project in southern Greenland , prospective for rare earth elements (REE), zirconium and niobium, a growing suite of gold exploration assets in Côte d’Ivoire located within the highly endowed Birimian Greenstone Belt of West Africa, and the Lyons River Project and Namban Project in Western Australia.

Dalaroo’s strategy is to systematically advance its projects through modern exploration techniques, resource definition and strategic partnerships, with a strong focus on value creation for shareholders. The Company is committed to responsible exploration, strong corporate governance and building long-term stakeholder relationships in the regions in which it operates.

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COMPETENT PERSON STATEMENT

The information in this report that relates to exploration results is based on information compiled by John Morgan, a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and the CEO of Dalaroo Metals Ltd. Mr Morgan has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity 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). Mr Morgan consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements which are based on current expectations, assumptions, estimates and projections. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. These risks include, but are not limited to, exploration success, geological interpretation, commodity price fluctuations, regulatory approvals, permitting timelines, operational risks and market conditions.

Any statements regarding potential mineralisation, exploration targets, grades, scale or development concepts are conceptual in nature and based on early-stage surface sampling only. These statements do not constitute, and should not be construed as, a Mineral Resource or Ore Reserve estimate as defined under the JORC Code. References to peer projects, market pricing, strategic significance or potential future development pathways are provided for contextual purposes only and should not be interpreted as a forecast of future performance or valuation. Commodity pricing information is indicative only, subject to market volatility and should not be relied upon as a projection of future prices. Investors are cautioned not to place undue reliance on forward-looking statements. Dalaroo Metals Limited undertakes no obligation to update or revise any forward-looking statements, except as required by law.

The Company confirms it is not aware of any new information or data that materially affects the information included in this announcement.

CAUTIONARY STATEMENT

The rock chip samples reported in this announcement are selective samples collected from exposed quartz reef material within artisanal workings and may not represent the overall grade or distribution of mineralisation within the project area.

Exploration results reported do not constitute a Mineral Resource or Ore Reserve estimate as defined by the JORC Code.

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JORC Table 1 (Section 1 & 2)

Section 1: Sampling Techniques and Data

Sub-section JORC Code Explanation Disclosure
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 downhole
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
representativity 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.
Rock chip samples were collected during a due
diligence site visit to the Bondoukou Gold Project
from quartz reef material exposed within active
and historical artisanal workings located in the
northern portion of the project area.
Sampling consisted of selective rock chip samples
collected from exposed quartz veins and
mineralised material within artisanal pits and
shallow workings. The sampling was undertaken
to confirm the presence of gold mineralisation
associated with the observed quartz reef systems
and is considered reconnaissance in nature.
Samples were collected using a geological
hammer from exposed material and placed into
labelled sample bags. Each sample was assigned
a unique sample identification number and the
location of each sample was recorded using a
handheld GPS unit.
Due to the selective nature of rock chip sampling
from artisanal workings, the samples may not be
representative of the overall grade or distribution
of mineralisation within the project area.
However, the sampling provides an indication of
the presence of gold mineralisation associated
with quartz reef systems observed at surface.
Samples have been submitted to Intertek
Laboratories, an internationally accredited
laboratory, for gold analysis using fire assay
techniques with appropriate quality control
procedures.
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 oriented and if so, by what
method, etc).
Not applicable

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Sub-section JORC Code Explanation Disclosure
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.
Not applicable
Logging Whether core and chip samples have been
geologically and geotechnical 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/trench, channel, etc)
photography.
The total length and percentage of the relevant
intersections logged.
Not applicable
Sub-
sampling
techniques
/ 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 control procedures adopted for all sub-
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.
The samples reported in this announcement
comprise selective rock chip samples collected
from exposed quartz reef material within
artisanal workings. The sampling did not involve
drill core.
Each rock chip sample was collected manually
using a geological hammer and placed into a pre-
numbered sample bag. As the samples consisted
of individual rock chip samples collected from
exposed outcrop or workings, no field sub-
sampling methods such as riffle splitting or rotary
splitting were applied.
Samples were collected under dry conditions and
transported in sealed sample bags to the
analytical laboratory.
Sample preparation was undertaken by Intertek
Laboratories, an internationally accredited
laboratory, using industry standard sample
preparation procedures. These procedures
typically include drying, crushing of the entire
sample to a coarse fraction, followed by
pulverising a representative sub-sample to
produce a pulp suitable for analysis.
Internal laboratory quality control procedures
include the insertion of certified reference
materials, blanks and repeat analyses as part of
the laboratory’s standard quality assurance
protocols.

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Sub-section JORC Code Explanation Disclosure
Due to the selective nature of rock chip sampling,
the samples may not be representative of the
overall grade or distribution of mineralisation
within the project area. The sample sizes
collected are considered appropriate for
reconnaissance exploration of quartz-hosted
orogenic gold mineralisation typical of the
Birimian terrane.
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.
Rock chip samples were submitted to Intertek
Laboratories, an internationally accredited
analytical laboratory, for gold analysis. Samples
are prepared using industry-standard preparation
techniques, which typically include drying,
crushing of the entire sample to a coarse fraction,
and pulverising a representative sub-sample to
produce a homogeneous pulp.
Gold analysis is undertaken using fire assay with
an appropriate finish, which is considered a total
analytical technique for gold and is widely
regarded as the industry standard method for
determining gold concentration in hard rock
samples.
No geophysical tools, spectrometers, handheld
XRF instruments, or other field-based analytical
instruments were used to determine the
reported gold assay results.
Laboratory quality assurance and quality control
(QA/QC) procedures include the insertion of
certified reference materials (standards), blanks
and duplicate samples as part of the laboratory’s
internal quality control program. These
procedures are designed to monitor analytical
accuracy, precision and potential contamination
during the analytical process.
The Company considers that the laboratory
procedures, analytical techniques and internal
quality control measures adopted by the
laboratory are appropriate for early-stage
exploration sampling and provide acceptable
levels of accuracy and precision for the
determination ofgold in rock chipsamples.
Verification
of sampling
and
assaying
The verification of significant intersections by either
independent or alternative company personnel.
The use of twinned holes. The verification of
significant intersections by either independent or
alternative company personnel. Discuss any
adjustment to assay data
The sampling program was undertaken by
Dalaroo Metals geological personnel. Sample
locations, geological observations and sample
identification details were recorded in the field at
the time of collection. Sample locations were
recorded using a handheld GPS unit and
documented by the field geologist.

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Sub-section JORC Code Explanation Disclosure
Assay results are received directly from the
analytical laboratory in digital format and are
reviewed and compiled by company geological
staff. Reported results are checked against
laboratory certificates prior to inclusion in
company databases and public reporting.
No drilling has been undertaken at the
Bondoukou Project by Dalaroo Metals at this
stage; therefore, verification of significant
intersections and twinned holes is not applicable.
No adjustments, averaging or modifications have
been made to the assay data reported in this
announcement. Assay values are reported as
received from the laboratory.
The data are considered to have been adequately
verified by company personnel for the purposes
of early-stage exploration reporting.
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
Sample locations were recorded in the field using
a handheld Global Positioning System (GPS) unit
at the time of sampling. The recorded
coordinates correspond to the locations of rock
chip samples collected from quartz reef material
exposed within artisanal workings.
No drilling, trenching or downhole surveys have
been undertaken at the Bondoukou Project by
Dalaroo Metals at this stage; therefore, collar and
downhole survey information is not applicable.
Coordinates are reported in Universal Transverse
Mercator (UTM) grid coordinates using the
WGS84 datum. The accuracy of handheld GPS
measurements is considered to be approximately
±5–10 metres, which is considered appropriate
for early-stage reconnaissance exploration.
Topographic control is derived from publicly
available satellite imagery and digital elevation
datasets, which provide sufficient accuracy for
regional mapping and reconnaissance exploration
activities. No detailed ground survey or
differential GPS survey has been undertaken at
this stage.
The level of survey accuracy is considered
adequate for the purposes of early-stage
exploration reporting and is not being used for
Mineral Resource estimation.

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Sub-section JORC Code Explanation Disclosure
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
The reported samples comprise a limited number
of selective rock chip samples collected from
exposed quartz reef material within artisanal
workings located in the northern portion of the
Bondoukou Project area.
The sampling was undertaken as reconnaissance
exploration during a due diligence site visit to
confirm the presence of gold mineralisation
associated with quartz vein systems exposed in
the workings. As such, the sample locations are
irregularly spaced and controlled by the location
of accessible artisanal pits and exposures rather
than by a systematic grid.
The current sampling density and distribution are
not sufficient to establish geological or grade
continuity and are not suitable for use in Mineral
Resource or Ore Reserve estimation.
No sample compositing has been applied. Assay
results are reported on an individual sample basis
as received from the analytical laboratory.
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.
The samples reported comprise selective rock
chip samples collected from quartz reef material
exposed within artisanal workings. The sampling
was undertaken from accessible exposures within
artisanal pits and workings rather than from
systematic traverses or drill holes.
As the samples were collected from exposed
mineralised material, the orientation of sampling
relative to the geological structures was
controlled by the orientation of the artisanal
workings and the exposed quartz reef material.
The sampling program was reconnaissance in
nature and designed to confirm the presence of
gold mineralisation rather than to test the true
width or orientation of mineralised structures.
No drilling has been undertaken at the
Bondoukou Project by Dalaroo Metals at this
stage; therefore, the relationship between
drilling orientation and mineralised structures is
not applicable.
Due to the selective nature of rock chip sampling
and the reliance on exposed mineralised material
within artisanal workings, the sampling may
introduce sampling bias, and the results should
not be considered representative of the overall
grade or continuity of mineralisation within the
project area.
Sample
security
The measures taken to ensure sample security Rock chip samples were collected by Dalaroo
Metals geological personnel and placed into
labelled sample bags at the time of collection.
Each sample was assigned a unique identification

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Sub-section JORC Code Explanation Disclosure
number which was recorded in the field by the
supervising geologist.
Following collection, samples were securely
stored and transported by company personnel
from the field site to the analytical laboratory.
Sample bags remained sealed and under
company supervision during transport.
Upon arrival at the laboratory, samples were
logged and receipted by Intertek Laboratories, an
internationally accredited analytical laboratory,
prior to samplepreparation and analysis.
Audits or
reviews
The results of any audits or reviews of sampling
techniques and data
No external audits or formal independent
reviews of the sampling techniques, data
collection procedures, or analytical results have
been undertaken at this stage of exploration.
Sampling was conducted by Dalaroo Metals
geological personnel using industry standard
reconnaissance rock chip sampling techniques
appropriate for early-stage exploration. The
procedures applied are considered consistent
with accepted exploration practices for this stage
of work.
The sampling data and assay results have been
internally reviewed by company geological staff,
including the Competent Person, to ensure that
the data compilation and reporting are consistent
with the requirements of the JORC Code (2012
Edition).

Section 2: Reporting of Exploration Results

Sub-section JORC Code Explanation Disclosure
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 Bondoukou Project comprises the Gold
Ridge exploration permit located in eastern
Côte d’Ivoire, within the Birimian greenstone
terrane of West Africa.
Dalaroo Metals Ltd has entered into an
agreement to acquire up to an 80% interest in
the permit through a joint venture
arrangement with the current permit holder,
Goldridge SARL, a locally registered company
in Côte d’Ivoire. Under the terms of the
agreement, Dalaroo may earn its interest
through staged exploration expenditure and
project advancement milestones.

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Sub-section JORC Code Explanation Disclosure
At the time of reporting, the permit is
considered to be in good standing, and the
Company is not aware of any material
impediments to conducting exploration
activities within the licence area. Exploration
activities are subject to the standard
regulatory approvals and compliance
requirements of the Côte d’Ivoire mining code
and environmental regulations.
The project area includes historical and active
artisanal mining activity, which is common
within the Birimian gold belts of West Africa.
The Company intends to engage with relevant
stakeholders and local communities to ensure
exploration activities are conducted
responsibly and in accordance with applicable
regulations.
The Company is not aware of any national
parks, wilderness reserves, or protected areas
within the licence area that would materially
restrict exploration activities.
The tenure is considered secure at the time of
reporting, subject to compliance with the
terms and conditions of the permit and
applicable regulatoryrequirements.
Exploration done
by other parties
Acknowledgment and appraisal of
exploration by other parties.
Not applicable
Geology Deposit type, geological setting and style of
mineralisation.
At the Bondoukou Project, extensive artisanal
gold workings occur across the licence area
and are commonly associated with quartz vein
and quartz reef systems exposed at surface.
These workings are interpreted to be related
to structurally controlled gold mineralisation
hosted within quartz veins and associated
alteration zones within Birimian host rocks.
The presence of regional structural corridors,
favourable host lithologies and widespread
artisanal mining activity suggests potential for
orogenic-style gold mineralisation with the
possibility for both near-surface
mineralisation and structurally controlled
mineralised systems at depth. Further
systematic exploration, including geological
mapping, geochemical sampling and drilling,
will be required to evaluate the scale,
continuity and economic potential of the
mineralisation within theproject area.

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Sub-section JORC Code Explanation Disclosure
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:
· easting and northing of the drill hole collar
· elevation or RL (Reduced Level – elevation above
sea level in metres) of the drill hole collar
· dip and azimuth of the hole
· down hole length and interception depth
· 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.
No drilling has been undertaken at the
Bondoukou Project by Dalaroo Metals at the
time of reporting.
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 clearlystated.
Exploration results reported in this
announcement comprise individual rock chip
sample assays collected from quartz reef
material exposed within artisanal workings.
No weighting or averaging techniques have
been applied to the reported results. Assay
values are reported as received from the
analytical laboratory on a per-sample basis.
No grade truncation (top cutting), cut-off
grades, or other statistical treatments have
been applied to the assaydata.
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 not known’).
The exploration results reported in this
announcement comprise selective rock chip
samples collected from quartz reef material
exposed within artisanal workings. No drilling
has been undertaken at the Bondoukou
Project by Dalaroo Metals at this stage.
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
Appropriate maps are included within the
body of the announcement to illustrate the
location of the Bondoukou Project within Côte
d’Ivoire, together with plan view maps
showing the locations of the reported rock
chip samples and the distribution of artisanal
workings within the project area.
These maps provide sufficient spatial context
to understand the location of the reported
exploration results relative to the project
tenure and observed artisanal mining activity.
No drilling has been undertaken at the
Bondoukou Project byDalaroo Metals at this

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Sub-section JORC Code Explanation Disclosure
stage; therefore, drill hole collar maps, cross-
sections and intercept diagrams are not
applicable.
The diagrams included are considered
appropriate for the stage of exploration and
the nature of the results beingreported.
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 avoiding misleading reporting of
Exploration Results.
All assay results obtained from the rock chip
samples collected during the due diligence
visit at the Bondoukou Project are reported in
this announcement. The results include both
higher-grade and lower-grade gold values in
order to provide a balanced and transparent
representation of the exploration results.
A total of six rock chip samples were collected
from quartz reef material exposed within
artisanal workings and all assay results have
been reported in tabulated form within the
announcement.
The Company considers that the reporting of
all available assay results provides a fair and
balanced representation of the exploration
data obtained from the sampling program and
avoids selective disclosure of higher-grade
results.
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.
Exploration undertaken at the Bondoukou
Project to date has primarily consisted of
reconnaissance field investigations, including
geological observations and rock chip
sampling from quartz reef material exposed
within active and historical artisanal workings.
Extensive artisanal mining activity has been
observed across the northern portion of the
project area, where numerous shallow pits
and workings expose quartz veins and quartz
reef material interpreted to be associated
with structurally controlled gold
mineralisation typical of the Birimian terrane.
Preliminary geological mapping indicates that
mineralisation may be associated with quartz
veins developed along interpreted structural
corridors and shear zones within Birimian host
rocks.
No drilling, trenching, geophysical surveys,
metallurgical test work, bulk density
determinations, geotechnical investigations,
hydrogeological studies,or bulk sampling

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Sub-section JORC Code Explanation Disclosure
programs have been undertaken by Dalaroo
Metals at the project to date.
At this early stage of exploration, no
information is available regarding
metallurgical characteristics, potential
deleterious elements, groundwater
conditions, or rock mechanics.
Additional exploration activities including
systematic geological mapping, geochemical
sampling, and drill testing will be required to
further evaluate the mineralisation potential
andgeological controls at theproject.
Further work The nature and scale of planned further work (eg
tests for lateral 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.
Planned exploration activities at the
Bondoukou Project will focus on systematic
geological mapping and geochemical sampling
to better define the extent of mineralised
quartz reef systems and associated structural
controls observed within the project area.
The immediate exploration program will
include detailed mapping of artisanal
workings, structural interpretation, and
additional rock chip and soil sampling across
prospective areas, particularly within the
northern portion of the licence where
extensive artisanal mining activity has been
identified.
Results from these programs will be used to
identify and prioritise drill targets designed to
test the continuity, orientation and potential
scale of the interpreted mineralised
structures.
Subject to the results of ongoing exploration,
future work programs may include scout
drilling to test priority targets, along with
additional geological and geochemical surveys
to evaluate potential extensions of
mineralisation along strike and at depth.
Appropriate maps and diagrams highlighting
artisanal workings and sample locations within
the announcement to provide context for the
exploration results and illustrate areas
considered prospective for further
investigation.
Further exploration will be undertaken in
accordance with applicable regulatory
approvals and will aim to systematically

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Sub-section JORC Code Explanation Disclosure
evaluate the scale, continuity and economic
potential of gold mineralisation within the
Bondoukou Project area.

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