DALAROO METALS LTD — Capital/Financing Update 2026

Mar 2, 2026

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ASX ANNOUNCEMENT:
ASX: DAL 03 March 2026
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Dalaroo Commences Geological Field Mapping at Bondoukou Goldridge Gold Project, Côte d’Ivoire

Dalaroo Metals Ltd (ASX: DAL ) (“Dalaroo” or “the Company”) is pleased to advise that its in-country exploration team has commenced geological field mapping at the Gold Ridge Gold Project in the Bondoukou region of north-eastern Côte d’Ivoire, initiating the first phase of systematic exploration following completion of initial stakeholder engagement and site mobilisation .

HIGHLIGHTS

• Geological field mapping program has commenced at the Gold Ridge Gold Project, part of Dalaroo’s project portfolio in Côte d’Ivoire.

• Early field activities have identified structural corridors and widespread artisanal gold footprint within the Birimian belt.

• Systematic lithological and structural mapping, mapping of artisanal workings, surface sampling, and dronesupported interpretation are underway.

• Artisanal gold workings mapped over approximately 2 km of strike , defining a coherent NW–SE-trending mineralised corridor .

• Mineralisation observed within silicified metasedimentary units , with dominant structures averaging approximately 60° dip toward the NE (40–60°) .

• High-resolution drone imagery has been completed to delineate the spatial extent and geometry of artisanal workings.

• A dedicated field camp secured at Tagbane village , approximately 20 km from the principal artisanal workings area , supporting sustained exploration activities.

To view more information about this announcement, click here: Geology Mapping Begins

PROJECT OVERVIEW AND GEOLOGICAL SETTING

The Goldridge Gold Project forms part of Dalaroo’s broader exploration footprint in Côte d’Ivoire, located approximately 35km from Endeavour Mining Tanda Deposit within the highly prospective Birimian terrane of the West African Craton . The region hosts multiple multi-million-ounce gold deposits across Côte d’Ivoire and neighbouring Ghana. This terrane is characterised by extensive greenstone belts, large-scale shear zones and favourable structural architecture that commonly control gold mineralisation across the region.

At Bondoukou, extensive artisanal gold workings occur across the licence area, particularly along interpreted shear zones and volcanic–granitoid contacts, providing strong surface indications of potential near-surface gold mineralisation, with scope for strike and depth continuity subject to further exploration.

The combination of favourable host lithologies, structural architecture and widespread surface expressions of mineralisation indicates the project is prospective for structurally controlled gold mineralisation and supports systematic exploration to evaluate the scale and continuity of this mineralisation.

The project is at an early stage of exploration, with no Mineral Resources or Ore Reserves currently defined.

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Figure 1. Country scale Map of Cote d'Ivoire showing Dalaroo projects in relation to known gold deposits.

COMMENCEMENT OF FIELD MAPPING

Dalaroo Metals Ltd (“Dalaroo” or “the Company”) has commenced systematic, Company-led geological field mapping at the Goldridge Gold Project following completion of initial stakeholder engagement and local administrative processes. The current program is designed to cover approximately 9km of prospective strike length, targeting priority structural corridors and areas of known artisanal gold activity.

The current phase of field activities includes:

• Detailed geological and structural mapping

• Mapping and documentation of active and historical artisanal gold workings

• Reconnaissance rock-chip sampling of quartz-rich and altered lithologies

• Drone-supported mapping to assist with structural interpretation and future drill planning

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Figure 2. Country-scale aeromagnetic image showing the Goldridge Gold Project boundary (red) and planned grid-based geological mapping area (hatched), covering approximately 9.5 km of strike length and targeting a prominent NW–SE trending magnetic corridor associated with regional structural features.

ARTISANAL WORKINGS AND GEOLOGICAL OBSERVATIONS

Reconnaissance mapping has confirmed widespread artisanal gold mining within the Goldridge permit, with the most advanced workings located at the Amodi area .

Artisanal workings define a coherent zone of activity extending over approximately 2 km of strike , providing important insight into the style and controls of mineralisation.

Field observations indicate that artisanal miners are predominantly exploiting:

• Metasedimentary host rocks , locally characterised by thick lenses of silicification

• Quartz-rich and silicified horizons developed within deeply weathered saprolite profiles

Structural measurements and field observations suggest that the dominant mineralised fabric:

• Trends NW–SE

• Displays moderate to steep dips averaging approximately 60° toward the NE , locally varying between 40° and 60° NE

This structural orientation is consistent with secondary structures developed within the regional Birimian deformation framework and supports interpretation of a structurally controlled gold system , rather than isolated vein development.

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Figure 3. Field photographs showing geological mapping and reconnaissance sampling activities undertaken by the Dalaroo exploration team within the Goldridge permit.

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Figure 4. Ground photograph of artisanal gold workings at Amodi, illustrating weathered saprolitic profiles developed over silicified metasedimentary host rocks.

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DRONE SURVEY AND MAPPING

A high-resolution drone (UAV) survey has been completed over the principal artisanal mining area, covering approximately 2 km of strike extent. The survey was designed to accurately map the spatial distribution, density and geometry of artisanal workings and surface disturbances, and to generate detailed topographic and orthomosaic datasets to support ongoing exploration activities.

The resulting high-resolution imagery and digital surface models provide valuable geological and structural context and will be used to enhance target definition across the prospect area. Key outcomes of the survey include:

• Confirmation of the continuity of artisanal excavations along the interpreted NW–SE mineralised corridor

• Improved identification of structural trends, lineaments and potential controls on mineralisation

• Enhanced mapping of quartz-rich zones, alteration footprints and surface exposures

• Integration with geological mapping and GIS datasets to refine drill targeting and optimise future drill collar locations

The drone-derived datasets will form an important component of the Company’s systematic exploration workflow and are expected to materially improve the efficiency and precision of follow-up trenching and drilling programs.

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Figure 5. Drone image showing the spatial extent and density of active and historical artisanal gold workings at the Amodi area within the Goldridge permit. Artisanal excavations define a coherent NW–SE-trending mineralised corridor.

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SAMPLING

Preliminary reconnaissance fieldwork has been completed across selected artisanal workings and quartz-rich zones identified during recent geological mapping and prospecting activities. Rock-chip samples were systematically collected from exposed mineralised outcrop, historical artisanal excavations and quartz vein material considered prospective for gold mineralisation.

A total of six representative rock-chip samples has been submitted to Intertek Laboratories for gold and multi-element geochemical analysis using industry-standard analytical techniques.

Assay results are pending at the time of this release and will be reported to the market in accordance with ASX Listing Rules and the Company’s continuous disclosure obligations once received, validated and interpreted.

FIELD CAMP AND LOGISTICS

To support sustained field operations, Dalaroo Metals Ltd has established a dedicated field camp at Tagbane village, located approximately 20 km from the principal artisanal workings area.

The camp provides a secure and stable logistical base from which the Company can efficiently undertake ongoing geological mapping, prospecting, and systematic sampling programs. The location also enables improved access to priority target areas while reducing daily travel times and supporting safe, cost-effective field deployment.

In addition, the field camp facilitates local stakeholder engagement and community liaison activities, ensuring exploration programs are conducted in a responsible and collaborative manner as the Company progresses its regional exploration initiatives.

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Figure 6. Rented field camp facility secured by Dalaroo at Tagbane village, located approximately 20 km from the principal artisanal workings, providing logistical support for ongoing field mapping and sampling programs.

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NEXT STEPS

Over the coming weeks, the Company will:

• Continue systematic geological and structural mapping across priority areas

• Integrate drone imagery with field observations

• Expand surface sampling programs, subject to access clearance

• Refine targets in preparation for future geochemical surveys and drill testing

Management Commentary

Dalaroo’s CEO John Morgan Comments:

“It is extremely encouraging to have our exploration team on the ground and actively progressing systematic field programs at the Goldridge Project. The widespread artisanal footprint, combined with favourable Birimian geology and well-defined structural corridors, provides a strong technical foundation for targeted exploration.

Our approach in Côte d’Ivoire mirrors the disciplined methodology we apply across all Dalaroo projects — integrating detailed mapping, drone-supported interpretation and surface geochemistry to efficiently prioritise drill targets and reduce exploration risk.

Establishing a dedicated field camp and completing high-resolution drone coverage allows us to operate safely and consistently while accelerating the pace of work. These early programs are already improving our geological understanding and positioning the Company to advance toward drill testing in a systematic and cost-effective manner.

We look forward to updating shareholders as results are received and exploration activities continue to build momentum across the project.”

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: jmorgan@dalaroometals.com.au

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ABOUT DALAROO METALS

Dalaroo Metals Limited is an ASX-listed exploration company focused on the discovery and development of highquality 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.

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.

JORC CODE (2012) TABLE 1

The information in this announcement that relates to exploration activities is conceptual in nature. No drilling results, Mineral Resources or Ore Reserves are reported in this announcement. At this early stage of exploration, insufficient information exists to estimate a Mineral Resource, and it is uncertain if further exploration will result in the determination of a Mineral Resource. A JORC Code (2012) Table 1 checklist will be provided if and when drilling results are reported.

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