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DALAROO METALS LTD Capital/Financing Update 2026

Jan 15, 2026

64756_rns_2026-01-15_4646b263-55b9-4493-aa33-03f159479e91.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT
ASX: DAL 16 Jan 2026
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Maiden Sampling Identifies District-Scale Critical Minerals System at Blue Lagoon - Greenland

Consistent High-Grade Zirconium, Hafnium, REE Mineralisation over ~2.7km strike


Highlights

  • Maiden sampling program at the Blue Lagoon Project (Blue Lagoon) unlocks new Zirconium (Zr) and Rare Earth Elements (REE) potential district in Greenland.

  • First sampling program at Blue Lagoon since 1979 has successfully returned elevated Zr + REE mineralisation. All 113 samples returned anomalous values, across a ~2.7km strike – indicating a highly prospective new critical metals district in Greenland.

Zirconium & Hafnium

  • Exceptional high-grade Zirconium Oxide (ZrO2) and Hafnium Oxide (HfO2) surface samples include:

  • 4.42% ZrO2 & 98ppm HfO2 (Sediment Sample 26818D)

  • 4.09% ZrO2 & 99ppm HfO2 (Sediment Sample 26817D)

  • 3.82% ZrO2 & 82ppm HfO2 (Sediment Sample 26808D)

  • 3.58% ZrO2 & 61ppm HfO2 (Sediment Sample 26820D)

  • 3.13% ZrO2 & 62ppm HfO2 (Sediment Sample 26803D)

  • 2.85% ZrO2 & 73ppm HfO2 (Sediment Sample 26806D)

  • >2% ZrO2 and >40ppm HfO2 encountered in auger holes and sediment samples across the entire ~2.7km strike , indicating a large-scale, broad and well mineralised target area.

  • Hafnium is a critical semiconductor metal, which has become vital for supercharging the next-generation microchips and semiconductors , due to its high-K constant (dielectric constant) allowing Hafnium to store significantly more electrical charge than traditional SiO2 based semiconductors.

  • HfO2 has a K-constant approximately ~6x higher than SiO2 , with one of the highest melting points of any compound, resulting in >1000x reduction in electron leakage through transistors versus SiO2 – underpinning the next generation of high-performing semiconductors[1] .

  • HfO2 (High Purity) indicative sale price currently at AU $16,297/kg , reflecting its advanced chemical properties, increasing demand in high ‑ tech applications, and the scarcity of hafnium ‑ bearing minerals[2] .

  • Blue Lagoon sampling has confirmed a ~2.7km strike with >2% ZrO2 and >40ppm HfO2 at surface, with potential for Hafnium grades to concentrate further at depth, subject to drilling confirmation.

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Rare Earths

  • The Blue Lagoon Project has returned high-grade REE results with consistent elevated Magnet Rare Earth Oxides (MREO)[13] encountered at surface, with Total Rare Earth Oxide ( TREO )[13,16] grades highlighted by:

  • 8,079 ppm TREO with 29% MREO (Sediment Sample 26824D)

  • 6,491 ppm TREO with 27% MREO (Sediment Sample 26801D)

  • 5,668 ppm TREO with 27% MREO (Sediment Sample 26824C)

  • 5,654 ppm TREO with 27% MREO (Sediment Sample 26823D)

  • 5,519 ppm TREO with 25% MREO (Sediment Sample 26818D)

  • Blue Lagoon has shown exceptional Heavy Rare Earth Oxides ( HREO )[14,15] enriched in Dysprosium ( Dy2O3 ) and Terbium ( Tb4O7 ) grades encountered at surface, unlocking a new completely untapped district in Greenland:

  • 886ppm HREO (Sediment Sample 26824D)

  • 752ppm HREO (Sediment Sample 26801D)

  • 742ppm HREO (Sediment Sample 26823D)

  • 682ppm HREO (Sediment Sample 26807D)

  • 654ppm HREO (Sediment Sample 26806D)

  • 628ppm HREO (Sediment Sample 26818D)

  • 615ppm HREO (Sediment Sample 26808D)

  • 597ppm HREO (Sediment Sample 26824C)

  • 596ppm HREO (Sediment Sample 26817D)

  • 589ppm HREO (Sediment Sample 26822D)

  • 559ppm HREO (Sediment Sample 26820D)

  • TREO grades and HREO grades have the strong potential to improve as Dalaroo continues to assess full district potential of the Blue Lagoon Project and drill test immediate targets to determine the scale of the mineralised system.

  • Importantly, sampling at Blue Lagoon has returned low Uranium levels , with a maximum reading of 25ppm U3O8 which has the potential to simplify processing complexities and encouragingly falls below the 100ppm uranium threshold levels for permitting in Greenland

  • Placer & Liberated REE Potential: These exceptional REE grades were encountered at surface, consistently over the entire ~2.7km strike. With the natural weathering having enriched the REE into beach-like alluvial sediments – indicating potential for a proximal placer style REE deposit , where REE grains have been freely-liberated and has the potential to produce a REE concentrate through low CAPEX, simple physical separation methods .

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Multi-Element Critical Mineral Potential

  • Maiden sampling of the Blue Lagoon Project has shown early potential for discovery of a new critical minerals district in Greenland for Zr, REE, Hf and Gallium (Ga2O3), consisting similar geology as Tanbreez[4-7] :

  • Sample 26801D – 1.59% ZrO2, 78ppm HfO2, 71ppm Ga2O3, 6,491ppm TREO, 886ppm HREO

  • Sample 26818D – 4.42% ZrO2, 98ppm HfO2, 31ppm Ga2O3, 5,518ppm TREO, 628ppm HREO

  • Sample 26823D – 2.69% ZrO2, 54ppm HfO2, 39ppm Ga2O3, 5,654ppm TREO, 742ppm HREO

Strategic Significance

  • Greenland continues to attract growing strategic interest from Western governments seeking secure, ‑

  • transparent, and conflict free critical mineral supply chains. Its geopolitical position and resource endowment highlight Greenland’s increasing importance as a stable source of critical minerals for Western markets.

Favourable Uranium and Thorium Assays

  • Maiden assay results have returned low uranium levels in compliance with Greenland’s uranium ban under Act No 20 (Uranium Act) passed December 2021[10] in which uranium exploration and production is prohibited above a 100ppm threshold.

Upcoming Newsflows

  • Follow-up exploration and development work is planned to commence immediately.

  • Upcoming catalysts may include: desktop studies, geophysics analysis, ground geophysical programs (magnetics), radiometric and gravity surveys, 3D geological modelling, Phase 2 field program including drilling and exploration results; metallurgical testing; potential commercial collaborations; and ongoing engagement with the Government of Greenland and other relevant authorities, bodies and institutions.

  • Once Metallurgical work is completed Dalaroo will also be investigating; near term development and processing options for Blue Lagoon including gravity-separation mining and downstream processing of the Blue Lagoon Project.

Fully Funded Following Recent Capital Raise

  • Dalaroo is fully funded following its recent $0.055 per share capital raising as announced on the 15 October 2025 – to conduct upcoming catalysts in Greenland on the Blue Lagoon Project and as well as drilling in Cote D’Ivoire.

Dalaroo CEO John Morgan commented:

“These maiden results represent a highly encouraging start to modern exploration at the Blue Lagoon Project and provide strong validation of the historical Greenland and Denmark Geological Survey (GEUS) geochemical anomalies that originally attracted us to this area.

“The scale and consistency of rare earth, niobium and zirconium anomalism over a ~2.7-kilometre strike, combined with exceptionally low uranium and thorium levels, confirms we are dealing with a robust and regionally extensive critical minerals system.

“While these results are from first-pass surface sampling, they already demonstrate grades comparable with early-stage results from several globally recognised alkaline-hosted rare earth systems in Greenland. Importantly, this work confirms that the Project hosts a fertile mineral system with clear potential to grow through systematic follow-up exploration.”

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Dalaroo Metals Limited (“ Dalaroo ” or the “ Company ”, ASX:DAL ) is pleased to announce the results of its 2025 exploration program completed at the Company’s 100%-owned Blue Lagoon Project in Greenland ( Figure 1 ).

The 2025 field program comprised a systematic, project-wide geochemical sampling campaign designed to evaluate the distribution, tenor and deportment of Rare Earth Elements ( REE ), including Light Rare Earth Elements ( LREE ) and Heavy Rare Earth Elements ( HREE ), together with niobium ( Nb ) and zirconium ( Zr ). Sampling focused on stream sediments, lagoon margin sediments and surficial materials, targeting both active and relict drainage systems, as well as beach and lagoon environments considered prospective for secondary enrichment and heavy mineral concentration.

At each sampling location, material was collected and separated into multiple grain-size fractions prior to laboratory analysis. This methodology was implemented to assess metal partitioning, identify preferential size fractions hosting mineralisation, and evaluate the potential for natural upgrading and future beneficiation pathways. The multifraction approach provides valuable insights into the behaviour of critical minerals within the weathering profile and sedimentary environment.

Analytical results confirm strong, coherent multi-element anomalism in Total Rare Earth Oxides ( TREO ), LREE, and Heavy Rare Earth Oxides ( HREO ), together with Nb and Zr, across broad areas of the Project. The spatial distribution and magnitude of these anomalies demonstrate a strong correlation with historical regional geochemical data generated by the Greenland and Denmark Geological Survey ( GEUS ) in 1979. Importantly, this historical dataset had not been systematically followed up using modern exploration techniques prior to Dalaroo’s maiden sampling program.

Validation of the GEUS dataset significantly de-risks the Project and provides independent confirmation of the regional prospectivity for critical minerals. The persistence of anomalism across multiple sample types and grain-size fractions suggests a robust mineralising system and supports Dalaroo’s exploration model, which targets nearsurface, potentially low-complexity mineralisation styles associated with alkaline intrusive systems.

The presence of coherent TREO, LREE and HREO anomalism is consistent with geological models for alkaline-hosted and secondary enriched mineral systems, which globally host several significant critical mineral deposits. The enrichment in both light and heavy rare earth elements highlights the potential for a balanced REE assemblage, including magnet metals critical for clean energy and advanced technology applications.

The maiden program has successfully established a strong geochemical foundation for follow-up exploration. Results will be integrated with geological mapping, mineralogical studies and remote sensing data to refine priority target areas. Planned next steps include infill sampling, trenching and shallow drilling to test the source and geometry of the anomalous zones and to assess continuity and grade distribution.

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Figure 1. Map of southern Greenland showing project location and other relevant deposits.

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Jurisdictional Significance

The Blue Lagoon Project is closely aligned with Dalaroo’s strategy to build exposure to high-value critical minerals within stable, premier jurisdictions. Greenland has become a focal point for governments and industry seeking conflict-free, secure, transparent and responsibly developed sources of rare earth elements, niobium and zirconium. Greenland’s geological endowment, combined with supportive regulatory frameworks and strong geopolitical relevance, positions the region as an increasingly important contributor to Western supply chains.

Recent public statements from both the U.S. Administration and the European Union have reaffirmed Greenland’s emerging role in global critical-minerals diversification efforts. These agencies continue to emphasise the importance of establishing resilient supply routes for the production of conflict-free rare earths and related strategic metals, particularly as Western economies work to reduce dependency on single-source suppliers and strengthen long-term industrial resilience.

Against this backdrop, Dalaroo’s exploration success at Blue Lagoon provides timely exposure to a jurisdiction that is attracting heightened international interest. The initial field program has identified key geological features supportive of a potentially significant critical-minerals system. This positions the Company to meaningfully participate in the broader strategic shift underway, with Blue Lagoon offering an opportunity to advance a project that may contribute to future Western supply-chain security.

Exploration Work Completed

Two principal exploration work streams were completed at the Blue Lagoon Project during the 2025 field season, representing the first phase of systematic modern exploration across the Project area ( Figure 2 ). The first completed work stream comprised hand-auger drilling targeting beach-like sedimentary deposits along the Blue Lagoon shoreline and surrounds. Seven (7) auger holes were completed to depths of approximately 0.4–0.9 m , with average sample weights of ~2 kg .

These surficial environments are interpreted as favourable for the development of weathered, fine-grained heavy mineral sand and residual concentrations. Such settings are considered prospective for secondary enrichment of niobium, zirconium and rare earth elements through prolonged weathering, sedimentary reworking and hydraulic sorting. Auger drilling provided a low-impact method to test near-surface stratigraphy and geochemical characteristics.

The second completed work stream comprised of a project-wide geochemical sampling and prospecting program across the broader tenement package (Figure 1). Twenty-six (26) samples were collected over ~2.5 km², equating to an average density of approximately one sample per 0.1 km², consistent with first-pass regional exploration. Sampling included systematic stream-sediment, soil and rock-chip sampling combined with geological reconnaissance. The program aimed to establish a geochemical framework, define background and anomalous distributions, and identify trends associated with potential alkaline-related mineralisation systems.

Samples were collected as –2 mm field material and dried and sieved into multiple grain-size fractions to assess metal deportment and upgrading potential. Size fractions analysed included:

  • -2.0mm to +1.0mm

  • -1.0mm to +0.5mm

  • -0.5mm to +0.25mm

  • -0.25 mm

All auger samples were analysed as a –0.25 mm fraction, consistent with JORC sampling protocols.

Following preparation and splitting, 113 samples were submitted to ALS Laboratories Ltd (Perth) for multi-element analysis using fusion digestion and ICP-MS. All samples returned anomalous values above background across the 2.7 km area sampled.

This continuous anomalous zone demonstrates strong geological continuity and indicates a laterally extensive mineralised system rather than isolated point anomalies, enhancing the scale potential of the target area.

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Figure 2. Shows location of samples taken during 2025 exploration season. For clarity A to D suffixes have been removed. Samples with same suffix are duplicates at different grain size.**

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Blue Lagoon Exploration Results

Niobium (Nb)

Niobium results are highly anomalous across the project area:

  • Typical values range between 400 and 1,000 ppm Nb

  • Peak value recorded of ~1,465 ppm Nb

  • Background crustal abundance is approximately 20 ppm

These results represent 20 to 70 times background levels , confirming a highly prospective niobium system.

The anomalism is:

  • Spatially coherent

  • Repeatable across multiple sites

  • Consistent across size fractions

This strongly suggests the presence of:

  • Fertile alkaline or carbonatite-style intrusives

  • Potential primary pyrochlore-style niobium mineralisation.

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Figure 3. Nb Assay Results from Blue Lagoon Project.

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Zirconium (Zr)

Zirconium values are outstanding across the dataset:

  • Numerous samples exceeding 10,000 ppm Zr

  • Peak result of approximately 32,700 ppm Zr

The consistency and magnitude of zirconium enrichment confirms:

  • Abundant zircon-rich heavy mineral assemblages

  • Strong provenance from alkaline intrusive source rocks

  • Potential for both:

  • Secondary placer-style accumulations

  • Primary hard-rock zirconium sources

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Figure 4. Zr Assay results from Blue Lagoon Project.

Hafnium (Hf)

Multiple sediment and auger samples returned consistently elevated hafnium values across the entire 2.7 km strike , with standout results including:

  • 99 ppm Hf (Sample 26817D)

  • 98 ppm Hf (Sample 26818D)

  • 82 ppm Hf (Sample 26808D)

  • 73 ppm Hf (Sample 26806D)

  • 62 ppm Hf (Sample 26803D)

  • 61 ppm Hf (Sample 26820D)

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Importantly, hafnium values exceeding 40 ppm were recorded continuously along strike , demonstrating strong geological continuity and indicating a laterally extensive mineralised system rather than isolated point anomalies. Hafnium shows a strong spatial correlation with zirconium, consistent with zircon-hosted hafnium mineralisation , which is characteristic of alkaline intrusive systems. This relationship confirms a common magmatic source and supports the interpretation of a fertile alkaline system underlying the Project area.

Grain-size fractionation analysis demonstrates systematic hafnium enrichment in finer fractions , with peak values consistently occurring in the –0.25 mm size fraction. These results indicates:

  • Hafnium is hosted within fine heavy mineral phases

  • Natural upgrading through weathering and sedimentary sorting

  • Potential for low-cost physical beneficiation via gravity separation

Strategic Significance of Hafnium

Hafnium is an emerging critical semiconductor metal , essential for next-generation microchips and advanced electronics. Hafnium oxide (HfO₂) is rapidly replacing silicon dioxide (SiO₂) in transistor gate dielectrics due to its:

  • High dielectric constant (K-constant ~6x higher than SiO₂)

  • Extremely low electron leakage

  • Exceptional thermal stability and high melting point

These properties enable higher performance, smaller and more energy-efficient semiconductors , making hafnium a strategically important metal for global technology supply chains.

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Figure 5. HfO2 Assay results at Blue Lagoon Project.

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TREO (Total Rare Earth Oxide) Results:

This program represents only the first phase of modern exploration for the Blue Lagoon Project. Dalaroo is now planning follow-up work to including detailed geochemistry, mineralogical studies and shallow drilling to better understand the scale, continuity and source of these anomalous systems.

Peak samples returned calculated TREO values of up to ~8,079 ppm (0.81% TREO) , confirming a highly anomalous rare earth system at surface.

The scale of TREO anomalism observed at surface at Blue Lagoon is highly significant and aligns with — and in ‑ ‑ several cases exceeds — early stage results reported from globally recognised alkaline hosted REE systems in Greenland and other leading international jurisdictions.

Blue Lagoon has returned values of up to ~8,079 ppm TREO from first-pass surface sampling, highlighting the strength of the system and supporting the Company’s view that the Project hosts a highly prospective alkalinerelated mineral system.

TREO values are calculated from individual rare earth element assays using standard oxide conversion factors and are indicative only ( Appendix D ). TREO values are indicative only and do not represent a Mineral Resource Estimate.

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Figure 6. TREO Assay results in percentage at Blue Lagoon Project.

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Light Rare Earth Elements (LREE)

The program returned exceptionally strong LREE results , confirming significant enrichment in economically important magnet and industrial elements. Peak values recorded include:

  • Cerium (Ce) > 2,000 ppm

  • Lanthanum (La) > 1,200 ppm

  • Neodymium (Nd) ~ 900 ppm

  • Praseodymium (Pr) > 250ppm

  • Samarium (Sm) ~ 150 ppm

LREE enrichment shows strong spatial continuity across multiple sampling locations, demonstrating a coherent mineralised system rather than isolated anomalies. Grades consistently increase in finer fractions, indicating LREEs are hosted within fine-grained accessory minerals such as monazite and allanite.

The strong La–Ce–Pr–Nd association is diagnostic of alkaline intrusive-related REE systems, supporting the Company’s geological model for the Project.

Heavy Rare Earth Oxides (HREO)

The program at the Blue Lagoon Project has returned exceptionally strong Heavy Rare Earth Oxide (HREO) results , with multiple samples reporting elevated concentrations of critical magnet metals including dysprosium (Dy ₂ O ₃ ) and terbium (Tb ₄ O₇). These elements are essential for high-performance permanent magnets used in electric vehicles, wind turbines and advanced defence technologies.

Peak HREO values recorded from surface sampling include:

  • 886 ppm HREO (Sample 26824D)

  • 752 ppm HREO (Sample 26801D)

  • 742 ppm HREO (Sample 26823D)

  • 682 ppm HREO (Sample 26807D)

  • 654 ppm HREO (Sample 26806D)

  • 628 ppm HREO (Sample 26818D)

  • 615 ppm HREO (Sample 26808D)

  • 597 ppm HREO (Sample 26824C)

The consistent presence of elevated HREO values across multiple locations and grain-size fractions demonstrates a robust and laterally continuous heavy rare earth system . HREO enrichment is observed to systematically increase within the finest grain-size fractions (-0.25 mm), indicating preferential concentration within fine heavy mineral phases. This behaviour supports the Company’s exploration model and suggests strong potential for natural upgrading and simplified beneficiation through low-cost physical separation techniques.

The presence of elevated HREO grades at surface, combined with extremely low uranium and thorium levels, positions Blue Lagoon as a highly attractive emerging heavy rare earth district with potential to contribute to secure Western supply chains.

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Grain Size Fractionation

One of the most significant technical outcomes of the program is the systematic increase in grade with decreasing grain size . This relationship is observed consistently across:

  • Rare earth elements

  • Niobium

  • Zirconium

The strongest enrichment occurs within the finest fraction (-0.25 mm) , indicating:

  • Metals are hosted within fine heavy mineral phases

  • Natural upgrading through weathering processes

  • Potential for simplified beneficiation and processing using simple screening and gravity separation

Uranium and Thorium

Uranium and thorium results across the dataset are consistently low and near background levels , with no significant anomalism identified. This is an important and favourable characteristic of the Project, as it indicates that rare earth mineralisation is not associated with elevated radioactive elements .

The low U and Th values are consistent across all sample types and grain-size fractions, confirming that the REE system is non-radioactive in nature . This significantly reduces potential permitting, handling and transport constraints and is considered a positive metallurgical and environmental attribute .

The absence of elevated uranium and thorium distinguishes Blue Lagoon from several other Greenland REE projects and enhances its attractiveness as a potential future development opportunity .

Historical Exploration Work

A GEUS regional stream sediment sampling program took a total of 9 stream sediment samples from the current tenement area in 1979. These indicate the area as being anomalous in zirconium, niobium and REEs, particularly the magnetic rare earth neodymium. Significantly the samples returned background to very low-level uranium and thorium content, which is critical for shipping and permitting. There is no record of any exploration having been undertaken on the tenement area to follow-up the anomalous results. Historic sample details in Appendix C .

Geological Setting

The Project lies within the Paleoproterozoic rift province of South Greenland ( Figure 7 ), which comprises sedimentary sequences intruded by a variety of alkaline volcanic and plutonic igneous rocks. This rift setting was subsequently intruded by Mesoproterozoic Gardar-age alkaline intrusive complexes, which are recognised globally for their association with critical mineral systems.

Blue Lagoon Mineral Exploration Licence - MEL 2022-07 is located within the Helene alkaline granite, forming the westernmost exposure of the Nunarsuit Complex. The Nunarsuit Complex is the largest, and among the youngest, of the Gardar-age intrusions in South Greenland and is comprised predominantly of alkaline syenitic and granitic units. The Project area is bounded to the east by extensive alkalic syenite, further reinforcing the prospectivity of the geological setting for zirconium, niobium and rare earth element enrichment.

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Figure 7. Location of the Blue Lagoon Project, South-West Greenland.

Follow up Exploration Activities

Planning for the 2026 exploration season is underway with follow-up exploration and development work planned to commence immediately , subject to permitting, weather conditions and logistical constraints. Dalaroo will undertake detailed interpretation of the 2025 exploration results to further refine its geological understanding of the Blue Lagoon Project and finalise planning for the upcoming field season. This work will integrate geochemical datasets with geological mapping, grain-size fraction analysis, mineralogical observations and remote sensing to prioritise target areas and refine the Company’s exploration model.

Upcoming catalysts include:

  • Desktop geological and geochemical studies integrating all historical and recent datasets.

  • Topographic and ground geophysical programs, potentially including magnetic geophysical surveys to assist in refining geological and structural controls to prioritise targeting of prospective zones.

  • A staged Phase 2 field program, including:

  • Ground Penetrating Radar (GPR) to map sediment thickness, internal stratigraphy and bedrock topography.

  • Follow-up auger and/or sonic drilling to test anomalies at depth and assess vertical grade continuity

  • Handheld XRF surveys for rapid, in-field geochemical screening and real-time targeting

  • Upslope and source-area sampling to identify potential primary bedrock sources

  • Mineralogical and metallurgical studies to characterise REE, Nb and Zr host phases, assess liberation characteristics and evaluate physical beneficiation potential.

  • Progressive reporting of exploration results to the market.

Strategic stakeholder engagement:

  • Ongoing engagement will continue with the Government of Greenland and relevant Greenlandic authorities to support permitting, project development pathways and potential commercial collaborations.

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Management Commentary

“Dalaroo’s maiden exploration program at Blue Lagoon has delivered a strong technical foundation for the Project and confirms the presence of a coherent, large-scale critical minerals system. The results validate historical GEUS data and demonstrate that modern exploration techniques can unlock significant new opportunities within this under-explored region of Greenland.

“The consistent multi-element anomalism in rare earth elements, zirconium and niobium, combined with very low uranium and thorium levels, positions the Blue Lagoon Project as a highly compelling project within a favourable regulatory jurisdiction. Importantly, the enrichment of mineralisation within finer grain-size fractions highlights the potential for natural upgrading and supports the Company’s focus on near-surface, potentially lowercomplexity mineralisation styles.

“Following the Company’s recent $0.055 per share capital raising, Dalaroo is well funded to advance the next phase of exploration. Over the coming months, the technical team will complete detailed interpretation of the current dataset and integrate geochemistry, mapping and remote sensing to refine priority targets together with investigating near term processing and gravity separation mining options once an economical deposit has been defined.

These programs are designed to systematically de-risk the Project and assess the scale, continuity and economic potential of the mineralised system. The Company believes Blue Lagoon represents a significant growth opportunity and looks forward to providing the market with further updates the development of Blue Lagoon progresses.”

ENDS

Authorised for release to the ASX by the Board of Dalaroo Metals Ltd.

For more information:

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

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

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.

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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.

References:

1. Southwick, Richard G. III, "An Investigation of Carrier Transport in Hafnium Oxide/Silicon Dioxide MOS Gate Dielectric Stacks from 5.6-400K" (2010). Boise State University Theses and Dissertations. 149. (https://scholarworks.boisestate.edu/td/149)

2. HfO2 sale price of AU $16,297/kg uses prices from website: https://strategicmetalsinvest.com/hafnium-prices/ from the 9[th] of January and the exchange rate as of 12[th] January of $1.49

3. Critical Metals Corp (NASDAQ:CRML), Critical Metals Corp Amends Agreement to Acquire a Controlling Interest in Tanbreez. announcement 29 September 2025,

4. Critical Metals Corp (NASDAQ:CRML), Critical Metals Corp. Unveils Exceptional Drilling Results Confirming Extensive Depth Potential at World-Class Tanbreez Rare Earth Project. announcement 17 March 2025.

5. Critical Metals Corp (NASDAQ:CRML), Critical Metals Corp Publishes Compelling Deep Diamond Drill Results from Tanbreez Greenland. Announcement May 9 2025

6. Critical Metals Corp (NASDAQ:CRML),Tanbreez Project https://www.criticalmetalscorp.com/projects/project-tanbreez/ 7. Critical Metals Corp (NASDAQ:CRML), Independent Technical Assessment 12 March 2025. https://www.criticalmetalscorp.com/wp-content/uploads/2025/11/S-K-1300-Technical-Report-Summary-Tanbreez-ProjectFINAL-12-March-2025.pdf_

8. Greenland Minerals and Energy Ltd (ASX:GGG), Kvanefjeld Project – Mineral Resource Update: 143 Million Tonnes Defined In ‘Measured’ Category, Global Resources Over 1 Billion Tonnes . Announcement 12[th] February 2015.

9. https://www.9news.com.au/world/donald-trump-greenland-takeover-threat-china-russia/9815c98e-11de-4c64-a9d3681e2df422b6

10. Danish Government Bill – Passed 1 December 2021. https://govmin.gl/wp-content/uploads/2022/01/Uranlov-ENG.pdf?

11. Critical Metals Corp (NASDAQ:CRML), Critical Metals Corp Reports Extremely High-Grade Drilling Results From its 2024 Program: 103 PPM Gallium & rare earth elements of 27.0% HREO & TREO Range 0.48% to 0.55% & Zirconium Oxide of 1.99% From Tanbreez in Greenland. Announcement August 18 2025.

12. Rosa, Paulick H.,” Rare Earth Element (REE) exploration potential and projects in Greenland”, MiMa report 2015/2

13. MREO = Dy2O3, Gd2O3, Ho2O3, Nd2O3, Pr6O11, Sm2O3, Tb4O7

14. TREO = Lanthanide Series of Elements + Y2O3

15. HREO = Dy2O3, Gd2O3, Ho2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3

16. Metal grades are reported as oxides following standard stoichiometric conversion.

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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.
Sediment sampling: Stream/lagoon margin and
surficial sediment sampling undertaken to test
for heavy mineral concentration and secondary
enrichment in a lake/lagoon environment. Most
sediment samples were field-sieved to –2 mm,
with ~2.5–3.0 kg collected per site. A total of 26
sediment sample sites were collected across ~2.5
km² (~1 sample per 0.1 km²). Samples were dried
and sieved into four size fractions (–2+1 mm; –
1+0.5 mm; –0.5+0.25 mm; –0.25 mm) and each
fraction analysed.
Auger sampling: 7 hand-auger holes completed in
beach and stream-valley sediment settings. Hole
depth 0.4–0.9 m. Samples dried and sieved to –
0.25 mm for analysis. Sampling difficulty occurred
in coarse beds; recovery was poorer below water
table in some locations.
Representativity: The multi-fraction approach
was designed to assess element deportment by
grain size and identify preferentially enriched
fractions. Sediment sample mass and sieve
fractions are considered appropriate for early-
stage reconnaissance in unconsolidated material.
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).
Hand-heldauger(manual) to shallow depths
(0.4–0.9 m). In some locations, shallow
overburden was removed by spade to access the
target sediment horizon.
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 in the JORC sense (no core/chip
drilling).
For auger holes, recovery varied with sediment
texture and groundwater; poorer recovery
occurred below groundwater in some holes due
to coarse beds and saturation. This may bias
against coarser fractions; however, the analysed
fraction for auger was–0.25 mm, reducing bias
frompreferential loss of coarse material.

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Sub-section JORC Code Explanation Disclosure
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.
No drill core/chip logging. Field observations
were collected to support reconnaissance
targeting; detailed geological logging is not
considered appropriate at this stage.
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
beingsampled.
Field samples generally collected as–2 mm
(sediments). Samples weredriedandsievedinto
four grain-size fractions (–2+1 mm; –1+0.5 mm; –
0.5+0.25 mm; –0.25 mm) and each fraction
submitted for assay.
Auger samples were dried and sieved to produce
a–0.25 mmfraction for analysis.
Sample sizes (2–3 kg for sediment sites; ~2 kg for
auger) are considered appropriate for early-stage
geochemical reconnaissance in unconsolidated
materials.
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.
Sample sizes (2–3 kg for sediment sites; ~2 kg for
auger) are considered appropriate for early-stage
geochemical reconnaissance in unconsolidated
materials.
Results for REE were also reported and discussed
asoxide equivalents (TREO/HREO/MREO)using
standard stoichiometric conversion factors (e.g.,
La→La₂O₃; Ce→CeO₂; Pr→Pr₆O₁₁; Nd→Nd₂O₃;
Y→Y₂O₃), checked against a publicly available JCU
conversion table.
No field standards, blanks or duplicates were
inserted due to the reconnaissance nature and
remote logistics of the program. The Company
relied on ALS laboratory QA/QC checks. Field
QA/QC insertion will be implemented in follow-
up programs.
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
Assay results for rare earth elements have been
converted to Total Rare Earth Oxides (‘TREO’) by
applying standard stoichiometric conversion
factors (e.g., La to La₂O₃, Ce to CeO₂, Pr to Pr₆O₁₁,
Nd to Nd₂O₃, Y to Y₂O₃) consistent with standard
practice in geological surveys and industry
reporting. Such oxide reporting is described in
USGS publications and analytical reference
materials and is widelyadopted in Australian

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Sub-section JORC Code Explanation Disclosure
mineral exploration announcements. Conversion
factors were checked by publicly available
conversion table from James Cook University
Australia.
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 recorded usinghandheld GPS.
Coordinate system:WGS84 / UTM Zone 22N.
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
Reconnaissance geochemical program covering
~2.5 km²with ~1 sample per 0.1 km²average
density (sediment sites). This spacing is
appropriate for early-stage target generation but
isnot sufficient for Mineral Resource
estimation.
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.
Not applicable / not known at this stage due to
reconnaissance sampling in surficial sediments.
The program was designed to broadly test
drainage and lagoon environments rather than
structural intersections.
Sample
security
The measures taken to ensure sample security Samples were transported from site and stored in
asecured facility in Copenhagenprior to onward
freight toALS Laboratories (Perth). Chain-of-
custody procedures were applied for delivery to
the laboratory.
Audits or
reviews
The results of any audits or reviews of sampling
techniques and data
No external audits or reviews were completed for
this early-stage program.

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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
obtaininga licence to operate in the area.
Greenland Mineral Exploration Licence
MEL 2022-07, issued to Ox Resources Pty
Ltd (Greenland) andin transfer to Dalaroo
Metals. All measures met; transfer
processing with Greenland Government.
Exploration
done by other
parties
Acknowledgment and appraisal of
exploration by other parties.
1979 GEUS regional stream sediment
sampling identified anomalous Zr, Nb and
REE with low U/Th; results are publicly
available via the GEUS portal.
2025 work completed on behalf of Dalaroo
by experienced Greenland geologistOle
Christiansen(experience including
Tanbreez).
Geology Deposit type, geological setting and style of
mineralisation.
Project lies within the Nunarsuit Complex /
Gardar-age alkaline intrusive province;
licence area within mappedHelene
alkaline graniteand adjacent alkalic
syenite units. Deposit style interpreted as
alkaline intrusive/pegmatite hosted REE
and associated metals, based on stream
geochemistry.
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 drillingcompleted. (Hand auger
sampling only; not reported as drill holes
for JORC drilling tables.)

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Sub-section JORC Code Explanation Disclosure
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.
Not applicable (no intercepts). Exploration
results reported as individual sample
assays and calculated oxide equivalents; no
cut-offs or grade truncation applied. (Add if
you apply any top-cuts later.)
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’).
Not applicable (no drilling).
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
Plan maps and heat maps provided
showing sample locations and spatial
distribution of element concentrations.
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.
Results are reconnaissance in nature.
Reporting includes representative
information on the distribution and tenor
of anomalism; no Mineral Resource is
stated or implied. (Add this sentence
explicitlyto strengthen compliance.)
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.
Reconnaissance results interpreted in
context of historical GEUS regional data,
confirming anomalous Zr–Nb–REE
signatures with low U/Th.
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.
Exploration work for the 2026 exploration
season is currently being planned in detail.
Current exploration methods currently
being assessed:

Ground Penetrating Radar for
thickness of sediment beds.

Sonic or auger drilling to test
sediments at depth.

Upstream hard rock geochemical
analysis.

On-site handheld XRF work.

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Appendix A

2025 Assay results

Sample
type
Hole ID Sample
ID
Split TREO
pct
Ce
ppm
La
ppm
Nd
ppm
Pr
ppm
Sm
ppm
Dy
ppm
Tb
ppm
Yb
ppm
Ho
ppm
Er
ppm
Tm
ppm
Lu
ppm
Gd
ppm
Y
ppm
Zr
ppm
Nb
ppm
Hf
ppm
Ta
ppm
U
ppm
Th
ppm
Sed Sam 26801A 411205 -2+1 mm 0.11% 328 147 155.5 42.1 28.5 24.3 3.63 12.45 4.77 13.7 1.94 1.64 23 112 125 123 4.84 7.67 8.04 23.9
Sed Sam 26801B 411206 -1+0,5 mm 0.17% 572 250 257 71.9 44.1 28.2 4.59 13.95 5.26 14.15 2.08 2.13 31.7 131.5 216 142.5 8.75 5.97 5.04 30.5
Sed Sam 26801C 411207 -0,5+0,25
mm
0.31% 1095 510 441 125.5 68.2 38.5 6.44 20.9 7.25 20.5 3 3.14 46.2 178 391 387 16.25 16.9 8.91 68.2
Sed Sam 26801D 411208 -0,25 mm 0.65% 2410 1060 898 254 150 77 12.25 39.7 13.65 40.5 5.75 6.24 93.1 333 11800 417 65.8 30.7 21.3 141.5
Sed Sam 26802A 411209 -2+1 mm 0.10% 332 152 140 38.9 25.1 16.15 2.67 6.81 2.97 8.34 1.075 0.98 18.05 73.2 119 64.2 3.51 2.87 2.84 17.1
Sed Sam 26802B 411210 -1+0,5 mm 0.19% 618 290 272 76.2 49.4 33.6 5.56 13.9 5.95 16.45 2.2 2.11 37.4 147.5 258 197.5 7.88 9.57 5.13 35.3
Sed Sam 26802C 411211 -0,5+0,25
mm
0.31% 1035 490 446 123.5 79.1 48.8 8.03 20.6 8.8 24.6 3.24 3.08 57.2 222 488 661 15.25 34.5 7.74 53.9
Sed Sam 26802D 411212 -0,25 mm 0.35% 1165 570 500 140 84.1 52.9 8.8 24 9.69 28 3.75 3.65 64.3 239 14900 418 35.4 21.8 12.6 70.2
Sed Sam 26803A 411213 -2+1 mm 0.05% 150 73.3 66.6 18.1 12.7 8.38 1.395 3.49 1.51 4.19 0.556 0.524 9.3 36.1 67.6 32 2.31 1.51 1.33 8.6
Sed Sam 26803B 411214 -1+0,5 mm 0.12% 378 183 170.5 47.7 30.3 18.75 3.17 8.55 3.42 9.72 1.305 1.27 21.5 85.8 159.5 120.5 5.22 5.35 2.7 21.3
Sed Sam 26803C 411215 -0,5+0,25
mm
0.30% 1045 520 425 120.5 72.1 41 6.9 18.05 7.26 20.4 2.69 2.72 48.6 182 4910 797 15.55 33.4 6.23 54.4
Sed Sam 26803D 411216 -0,25 mm 0.34% 1145 580 479 132.5 78.8 46.8 7.75 23.1 8.65 25.5 3.48 3.64 53.9 219 23200 645 52.9 30.3 10.25 60.9
Sed Sam 26804A 411217 -2+1 mm 0.02% 84.5 41.5 33.5 9.29 5.97 3.87 0.654 1.705 0.714 2.03 0.266 0.256 4.36 17.9 38 13.5 1.325 0.657 0.706 4.37
Sed Sam 26804B 411218 -1+0,5 mm 0.05% 172.5 85.7 74.7 20.4 13.95 9.23 1.54 4.17 1.665 4.82 0.632 0.647 10.2 41.7 69.9 31.4 2.29 1.4 1.285 8.8
Sed Sam 26804C 411219 -0,5+0,25
mm
0.19% 622 310 264 73.3 45 27.7 4.66 13.05 5.09 14.5 1.96 2.09 31.8 129 171 178.5 6.83 7.5 3.34 35.1
Sed Sam 26804D 411220 -0,25 mm 0.33% 1150 570 461 131 76.8 45.6 7.5 23 8.53 25 3.39 3.7 53.6 212 19650 547 48.9 26.2 8.9 59.9
Sed Sam 26805A 411225 -2+1 mm 0.06% 191 98.2 81.9 23.9 14.25 9.19 1.53 3.94 1.655 4.68 0.622 0.603 10.55 41.3 45.2 24.3 1.62 1.06 1.205 7.37
Sed Sam 26805B 411226 -1+0,5 mm 0.09% 265 135 128.5 35 22.4 15.4 2.47 6.71 2.79 7.89 1.04 1.015 16.75 73.4 72.2 41.8 2.73 1.715 1.76 9.97
Sed Sam 26805C 411227 -0,5+0,25
mm
0.17% 531 260 254 68.9 46.1 31.7 5.21 14.2 5.76 16.4 2.16 2.22 35.1 145.5 106.5 117.5 4.57 4.77 2.67 19.1
Sed Sam 26805D 411228 -0,25 mm 0.33% 1015 570 489 134 82.4 52.6 8.67 23.9 9.76 28 3.73 3.67 63.5 261 7240 210 20.6 9.4 6.27 37.8
Sed Sam 26806A 411229 -2+1 mm 0.07% 230 112.5 91 26.9 16.75 10.9 1.805 4.75 1.97 5.63 0.736 0.707 12.25 53.2 77 39.6 2.86 1.74 1.53 10.55
Sed Sam 26806B 411230 -1+0,5 mm 0.15% 507 240 216 59.8 38.4 25.6 4.17 11.3 4.6 13.15 1.735 1.725 28.6 120.5 173.5 132.5 6.39 5.8 3.29 24.4
Sed Sam 26806C 411231 -0,5+0,25
mm
0.33% 1095 560 456 128 78 49.3 8.31 21.4 8.89 24.9 3.33 3.29 60.7 221 403 582 15.85 28.5 6.76 54.7
Sed Sam 26806D 411232 -0,25 mm 0.43% 1440 770 587 171.5 98.8 66.3 10.7 30.5 11.75 34.1 4.61 4.68 78.1 298 21100 602 61.7 30.8 12.7 76.1
Sed Sam 26807A 411233 -2+1 mm 0.09% 325 143.5 134 37.3 23.7 15.4 2.6 6.68 2.8 8.03 1.055 1.01 17.15 70.1 158 44.7 4.68 1.81 3.04 12.55

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Sample
type
Hole ID Sample
ID
Split TREO
pct
Ce
ppm
La
ppm
Nd
ppm
Pr
ppm
Sm
ppm
Dy
ppm
Tb
ppm
Yb
ppm
Ho
ppm
Er
ppm
Tm
ppm
Lu
ppm
Gd
ppm
Y
ppm
Zr
ppm
Nb
ppm
Hf
ppm
Ta
ppm
U
ppm
Th
ppm
Sed Sam 26807B 411234 -1+0,5 mm 0.15% 510 230 207 58.9 36.6 24.6 4.2 10.65 4.51 12.7 1.69 1.595 28.2 115.5 179 116.5 5.64 5.12 3.51 21
Sed Sam 26807C 411235 -0,5+0,25
mm
0.37% 1260 610 516 147.5 84.4 51.6 8.82 22.3 9.54 26.9 3.49 3.28 64 239 357 486 11.6 23 7.34 53.2
Sed Sam 26807D 411236 -0,25 mm 0.48% 1635 830 672 191 109.5 67.8 10.7 29.7 12.05 35 4.61 4.55 76.1 320 20700 519 49.2 26.5 12.65 67.3
Sed Sam 26808A 411237 -2+1 mm 0.05% 178 86.7 70.2 19.5 12.4 8.53 1.35 3.76 1.53 4.41 0.587 0.559 9.02 39.5 73.2 25.6 2.56 1.15 1.58 7.61
Sed Sam 26808B 411238 -1+0,5 mm 0.12% 383 182.5 164.5 45.8 28.4 19 3.1 8.6 3.47 9.94 1.32 1.315 20.5 93.5 134 86.5 4.34 3.56 2.75 15
Sed Sam 26808C 411239 -0,5+0,25
mm
0.31% 1040 510 434 123 73.7 45.4 7.44 21.1 8.38 24.2 3.24 3.19 52.3 212 350 563 12.4 25 6.82 46.9
Sed Sam 26808S 411240 -0,25 mm 0.43% 1450 760 591 172 95.9 59.4 9.34 29 10.8 31.9 4.37 4.54 68.5 288 28300 876 69.2 35.5 13.1 65.8
Sed Sam 26809A 411241 -2+1 mm 0.02% 53.1 22.7 19.95 5.48 3.79 2.99 0.449 1.725 0.597 1.795 0.255 0.264 2.85 14.45 39.8 12.7 1.33 0.614 0.7 4
Sed Sam 26809B 411242 -1+0,5 mm 0.03% 94.7 44.9 42.5 11.4 8.48 6.83 1.05 3.68 1.27 3.76 0.523 0.596 6.61 31.1 75.6 31.3 2.41 1.365 1.065 6.78
Sed Sam 26809C 411243 -0,5+0,25
mm
0.09% 276 134 127.5 35.7 23 17.4 2.72 9.65 3.27 9.61 1.355 1.635 17.3 82.9 135 154 4.99 6.37 2.2 22
Sed Sam 26809D 411244 -0,25 mm 0.12% 386 170.5 166.5 48.8 30.3 22.9 3.56 13.45 4.37 13 1.88 2.1 23.6 111.5 6220 188 18.9 8.46 5.27 38.1
Sed Sam 26810A 411245 -2+1 mm 0.02% 71.7 28.7 27.3 8 5.46 4.01 0.625 1.99 0.745 2.15 0.307 0.288 4.06 18.25 41.3 14.05 1.455 0.669 1.02 6.19
Sed Sam 26810B 411246 -1+0,5 mm 0.05% 168.5 76.7 75.2 21.7 14.7 10.7 1.695 5.83 2.02 5.84 0.836 0.908 11.3 54.6 79.2 41.6 2.87 1.715 1.83 11.5
Sed Sam 26810C 411247 -0,5+0,25
mm
0.14% 444 220 199.5 57.6 34.5 23 3.66 11.8 4.32 12.3 1.725 1.8 25.4 114.5 111.5 131.5 4.73 5.61 3.48 31.1
Sed Sam 26810D 411248 -0,25 mm 0.15% 501 202 216 61.3 40.4 27.7 4.36 15.1 5.23 15.85 2.19 2.31 29.5 136 427 148.5 14.9 6.71 6.77 47.1
Sed Sam 26811A 411221 -2+1 mm 0.04% 145 72.2 67.8 18.6 10.6 4.37 0.754 1.995 0.815 2.45 0.313 0.285 6.09 19.75 36.3 12.6 1.25 0.634 1.155 5.25
Sed Sam 26811B 411222 -1+0,5 mm 0.17% 564 290 324 85.6 46.1 15.45 2.64 6.47 2.75 7.93 1.035 0.952 23.1 71 81.5 71.9 2.72 2.83 2.92 14.65
Sed Sam 26811C 411223 -0,5+0,25
mm
0.27% 873 460 498 132.5 73.4 27.4 4.65 12.2 4.94 14.35 1.95 1.85 38.6 122 177.5 213 6.17 8.96 5.84 37.5
Sed Sam 26811D 411224 -0,25 mm 0.36% 1210 540 605 162.5 95.1 41.1 6.92 20.4 7.66 22.7 3.08 3.12 55.4 188.5 8990 271 26.6 12.55 11.6 58
Sed Sam 26812A 26827 -2+1 mm 0.02% 83 41.3 34 9.5 5.85 3.81 0.621 1.91 0.689 1.985 0.278 0.28 4.28 18.65 43.5 17.8 1.53 0.88 0.667 4.17
Sed Sam 26812B 26828 -1+0,5 mm 0.03% 85.8 42.5 36.9 10.35 6.61 4.26 0.715 2.23 0.767 2.21 0.319 0.335 4.66 21.4 41.9 24.3 1.57 1.105 0.565 3.63
Sed Sam 26812C 26829 -0,5+0,25
mm
0.07% 253 129 100 30.2 16.3 9.23 1.56 5.11 1.725 4.95 0.707 0.781 10.8 47 123.5 135 4.53 5.83 1.275 9.61
Sed Sam 26812D 26830 -0,25 mm 0.31% 1150 570 410 122.5 57.7 27.5 4.71 15.65 4.98 14.7 2.17 2.48 34.5 139 17000 664 38.2 33.3 6.63 44.3
Sed Sam 26813A 26831 -2+1 mm 0.04% 146.5 67.2 54.5 15.85 9.44 5.57 0.936 2.84 0.997 2.89 0.415 0.411 6.34 27.6 54 29.8 2.01 1.345 1.025 6.81
Sed Sam 26813B 26832 -1+0,5 mm 0.07% 242 110.5 96.1 27.7 17.1 10.6 1.75 5.33 1.88 5.32 0.776 0.817 11.6 51 59.1 47.7 2.28 2.02 1.54 10.55
Sed Sam 26813C 26833 -0,5+0,25
mm
0.15% 537 250 204 59.3 32 17.65 2.97 9.25 3.15 9.19 1.3 1.4 20.7 90.3 118.5 154.5 4.55 6.6 2.47 22.8
Sed Sam 26813D 26834 -0,25 mm 0.34% 1280 640 459 137.5 66.1 31 5.37 16.1 5.6 16.15 2.31 2.47 40 157.5 393 214 14.5 10.15 5.47 51.3
Sed Sam 26814A 26835 -2+1 mm 0.02% 78 34.9 29.1 8.32 5.2 3.3 0.555 1.705 0.598 1.79 0.259 0.257 3.56 16.9 42.1 16.9 1.465 0.871 0.753 4.75

==> picture [842 x 42] intentionally omitted <==

Sample
type
Hole ID Sample
ID
Split TREO
pct
Ce
ppm
La
ppm
Nd
ppm
Pr
ppm
Sm
ppm
Dy
ppm
Tb
ppm
Yb
ppm
Ho
ppm
Er
ppm
Tm
ppm
Lu
ppm
Gd
ppm
Y
ppm
Zr
ppm
Nb
ppm
Hf
ppm
Ta
ppm
U
ppm
Th
ppm
Sed Sam 26814B 26836 -1+0,5 mm 0.04% 141 64.8 56.9 16 10.55 7.32 1.18 4.22 1.375 4.05 0.6 0.683 7.65 37.9 80.3 35 3.61 1.575 1.475 7.6
Sed Sam 26814C 26837 -0,5+0,25
mm
0.11% 370 172.5 148.5 42.9 25.6 16.45 2.68 9.64 3.06 9.09 1.345 1.525 17.8 87.5 165 156.5 6.19 6.94 2.39 20.4
Sed Sam 26814D 26838 -0,25 mm 0.29% 1055 500 379 113.5 57.4 31.8 5.27 19 5.82 17.65 2.6 3.06 36.7 163.5 13900 483 39.8 24.7 8.17 57.8
Sed Sam 26815A 26839 -2+1 mm 0.10% 353 152.5 123.5 36.4 21.2 12.85 2.15 6.27 2.33 6.72 0.917 0.905 14.75 67.5 86.9 54.3 2.99 2.38 2.12 11.4
Sed Sam 26815B 26841 -1+0,5 mm 0.15% 549 230 207 58.9 35.1 21.6 3.56 10.8 3.95 11.45 1.6 1.57 24.3 112.5 120.5 115.5 4.45 5.26 3.3 18.9
Sed Sam 26815C 26842 -0,5+0,25
mm
0.29% 1065 490 397 115.5 63 35.7 6.01 17.6 6.47 18.6 2.6 2.58 42.5 182 295 488 11.55 23.2 5.93 39.5
Sed Sam 26815D 26843 -0,25 mm 0.45% 1840 710 534 159 81.2 42.9 7.25 22.2 7.85 23 3.27 3.27 51.9 227 15500 459 36.6 23.3 10.35 59.5
Sed Sam 26816A 411151 -2+1 mm 0.07% 256 124.5 95.5 28.3 16.05 9.67 1.61 4.8 1.76 5.08 0.713 0.684 11.2 51.6 101 39.4 3.22 1.77 1.695 10.2
Sed Sam 26816B 411152 -1+0,5 mm 0.24% 808 430 328 96.4 52.2 30.8 5.1 16.35 5.67 16.6 2.35 2.33 35.5 169 304 453 11.6 21.8 4.84 33.7
Sed Sam 26816C 411153 -0,5+0,25
mm
0.11% 366 191 157.5 44.6 26.1 16.55 2.7 8.29 3.11 8.95 1.235 1.24 18.5 90.5 110.5 92.5 3.97 4.29 2.22 13.05
Sed Sam 26816D 411154 -0,25 mm 0.36% 1255 650 472 139 71.4 40.9 6.76 22.7 7.64 23 3.3 3.41 47.8 227 19100 559 47.6 26.7 10.25 55
Sed Sam 26817A 411155 -2+1 mm 0.05% 164.5 80.7 61.9 17.9 10.5 6.69 1.1 3.37 1.24 3.63 0.5 0.492 7.44 36 77.1 33.1 2.66 1.46 1.25 6.18
Sed Sam 26817B 411156 -1+0,5 mm 0.14% 434 202 194.5 54.3 34.5 23.6 3.82 12.9 4.34 12.85 1.83 1.94 25.1 123.5 137.5 155.5 5.66 7.06 2.98 16.95
Sed Sam 26817C 411157 -0,5+0,25
mm
0.33% 1160 560 445 129 71.7 45.8 7.49 25.6 8.34 24.6 3.54 3.97 51 225 405 753 17.8 34.3 7.06 52
Sed Sam 26817D 411158 -0,25 mm 0.47% 1705 840 607 183.5 93.6 55.1 9.05 32.8 10.25 31 4.58 5.05 65 278 30300 1465 84 73.3 14.35 72.9
Sed Sam 26818A 411159 -2+1 mm 0.10% 347 172.5 139.5 40.5 23.3 14.65 2.42 7.19 2.64 7.64 1.08 1.04 16.65 75.9 141 59.7 5.09 2.82 2.45 13.6
Sed Sam 26818B 411160 -1+0,5 mm 0.19% 631 310 268 76.4 45.8 29.5 4.83 15.2 5.36 15.7 2.2 2.25 32.3 153 226 199 8.96 9.44 4.55 26.8
Sed Sam 26818C 411161 -0,5+0,25
mm
0.39% 1360 720 514 151.5 80.7 46.5 7.76 24.2 8.55 25.3 3.58 3.52 54 245 5760 977 20.3 42.4 8.75 60.6
Sed Sam 26818D 411162 -0,25 mm 0.55% 2000 1020 725 218 106.5 55.9 9.31 30.9 10.3 30.9 4.47 4.52 70.6 299 32700 1025 82.9 50.9 16.2 85.1
Sed Sam 26819A 411163 -2+1 mm 0.05% 179.5 90.7 68.7 19.85 11.15 6.86 1.16 3.4 1.265 3.66 0.514 0.492 7.98 36.7 60 26.5 2.17 1.275 1.365 7.72
Sed Sam 26819B 411164 -1+0,5 mm 0.10% 336 170 150.5 43 25 15.35 2.54 7.49 2.97 8.01 1.17 1.085 17.75 80.9 95.3 69 3.27 2.78 2.14 13.15
Sed Sam 26819C 411165 -0,5+0,25
mm
0.24% 771 440 361 104.5 55.6 33.6 5.42 16.15 6.34 17.3 2.55 2.41 39.6 170.5 265 284 9.43 11.7 5.01 37.8
Sed Sam 26819D 411166 -0,25 mm 0.41% 1365 740 592 172.5 90.5 52.2 8.49 26.1 9.88 27.7 3.94 3.87 65.8 261 12250 367 34.3 16.45 10.2 62.6
Sed Sam 26820A 411167 -2+1 mm 0.04% 125 57.2 46.4 13.2 8.29 5.86 0.923 2.74 1.1 3.07 0.434 0.37 6.38 27.8 43 18.9 1.395 0.85 1.03 5.67
Sed Sam 26820B 411168 -1+0,5 mm 0.09% 287 137 116.5 33.9 19.9 13.75 2.17 6.52 2.63 7.16 1.015 0.955 15 66.2 80.1 78.2 2.61 3.11 1.825 12.4
Sed Sam 26820C 411169 -0,5+0,25
mm
0.28% 979 500 389 114 61.9 37.6 6.03 17.9 7.16 19.55 2.75 2.61 43.4 180.5 301 634 10.55 27.4 5.3 43.2
Sed Sam 26820D 411170 -0,25 mm 0.44% 1470 810 612 175 91.4 51.7 8.31 26.5 9.95 27.9 3.98 3.92 61.9 265 26500 852 52.1 33.9 10.8 60.8
Sed Sam 26821A 411171 -2+1 mm 0.06% 190.5 93.9 76.5 22.8 12.8 8.37 1.355 4.03 1.575 4.36 0.617 0.569 9.43 40.8 60.1 31.3 2.1 1.325 1.375 7.9

==> picture [842 x 42] intentionally omitted <==

Sample
type
Hole ID Sample
ID
Split TREO
pct
Ce
ppm
La
ppm
Nd
ppm
Pr
ppm
Sm
ppm
Dy
ppm
Tb
ppm
Yb
ppm
Ho
ppm
Er
ppm
Tm
ppm
Lu
ppm
Gd
ppm
Y
ppm
Zr
ppm
Nb
ppm
Hf
ppm
Ta
ppm
U
ppm
Th
ppm
Sed Sam 26821B 411172 -1+0,5 mm 0.10% 329 170.5 151 43.2 25 17.2 2.72 8.22 3.28 8.81 1.255 1.205 18.95 84 103 72.7 3.59 2.9 2.27 13.3
Sed Sam 26821C 411173 -0,5+0,25
mm
0.25% 809 430 354 101.5 56.5 34.8 5.67 16.85 6.65 18 2.48 2.5 41 174 277 328 10.4 14.15 4.53 34.2
Sed Sam 26821D 411174 -0,25 mm 0.39% 1290 710 554 163.5 84.8 50.2 8.17 25.4 9.67 26.6 3.82 3.79 63 249 15750 458 40.2 21.2 9.36 57
Sed Sam 26822A 411175 -2+1 mm 0.06% 190.5 95.6 78.6 22.8 13.6 9.03 1.445 4.34 1.765 4.77 0.672 0.63 9.98 45 62.4 34.9 2.47 1.465 1.53 8.16
Sed Sam 26822B 411176 -1+0,5 mm 0.12% 382 199.5 175 49.9 29.3 19.2 3.11 9.68 3.7 10.1 1.46 1.43 21.8 97.6 148 108.5 5.26 4.45 3.04 15.85
Sed Sam 26822C 411177 -0,5+0,25
mm
0.25% 797 440 352 102.5 56.8 36 5.66 17.85 6.91 18.9 2.7 2.61 40.3 180.5 261 466 9.88 19.35 5.34 36.4
Sed Sam 26822D 411178 -0,25 mm 0.43% 1450 790 613 178 93.3 56.4 8.88 28.5 10.75 29.9 4.19 4.22 68.4 273 20300 584 52.2 27.8 12.25 68.4
Sed Sam 26823A 411179 -2+1 mm 0.08% 266 121.5 99.7 30.4 17.3 11.4 1.85 5.42 2.19 5.87 0.824 0.789 12.85 57.1 84.1 42.3 2.71 1.675 1.835 9.95
Sed Sam 26823B 411180 -1+0,5 mm 0.18% 576 300 255 72.2 42.3 28 4.51 13.4 5.43 14.85 2.08 1.935 32 138 162 165.5 5.6 6.75 3.9 23
Sed Sam 26823C 411181 -0,5+0,25
mm
0.37% 1225 690 520 151 82.4 50.3 8.22 24.2 9.77 26.5 3.75 3.46 63.2 253 331 620 12 26.4 7.61 49.9
Sed Sam 26823D 411182 -0,25 mm 0.57% 1915 1030 791 232 123.5 69.5 11 32.5 13.1 35.9 5.03 4.78 86.1 351 19900 548 46.2 25.3 13.7 74.8
Sed Sam 26824A 411201 -2+1 mm 0.13% 454 198.5 188 51.9 32.5 20.5 3.4 9.45 3.7 9.94 1.415 1.32 23.7 89 136 75 4.82 3.16 3.38 18.15
Sed Sam 26824B 411202 -1+0,5 mm 0.26% 890 420 370 106 63.7 39.8 6.54 18.7 7.3 18.9 2.76 2.78 46.1 177 225 176.5 8.04 7.55 5.84 36.7
Sed Sam 26824C 411203 -0,5+0,25
mm
0.57% 2070 1000 796 234 120.5 62.6 10.45 29.9 11.2 29.9 4.3 4.45 85.4 255 389 416 14.15 18.6 10.2 81.1
Sed Sam 26824D 411204 -0,25 mm 0.81% 2930 1310 1200 337 210 92.8 16.05 43.5 17.2 45.7 6.69 6.18 130 373 10600 341 34.1 16.3 21.4 102
Sed Sam 26825A 411183 -2+1 mm 0.03% 101.5 46.6 38.3 11 6.8 5.08 0.783 2.94 1.02 2.85 0.416 0.387 5.23 27.2 65.6 25.9 2.38 1.16 1.195 5.6
Sed Sam 26825B 411184 -1+0,5 mm 0.07% 242 120.5 98.3 29.7 17.35 12.3 1.895 6.62 2.43 6.71 1 0.972 12.8 63.7 153 61 4.85 2.5 2.24 12.6
Sed Sam 26825C 411185 -0,5+0,25
mm
0.21% 706 380 286 84.9 43.4 27.2 4.27 14.85 5.28 14.65 2.2 2.25 30.1 137 386 309 13.4 12.5 6 48.9
Sed Sam 26825D 411186 -0,25 mm 0.27% 867 470 370 108.5 59.4 39.1 6.12 23.5 7.85 22.4 3.42 3.57 42.4 203 15650 490 48.8 22.4 9.91 56.5
Sed Sam 26826A 411187 -2+1 mm 0.03% 100.5 49 41.6 11.7 7.6 5.94 0.91 3.22 1.165 3.27 0.483 0.478 5.95 29.4 79 28.6 2.79 1.37 1.405 6.37
Sed Sam 26826B 411188 -1+0,5 mm 0.07% 225 111 94 27.9 17.1 12.9 1.945 7.36 2.52 7.39 1.07 1.13 13.05 66.5 247 93.5 7.94 3.96 2.71 13.8
Sed Sam 26826C 411189 -0,5+0,25
mm
0.17% 561 280 231 66.5 38.1 26.7 4.15 15.05 5.25 15.1 2.16 2.29 28.1 137 487 465 17.15 19.85 4.82 35.1
Sed Sam 26826D 411190 -0,25 mm 0.23% 770 400 306 88.1 50 35.7 5.47 21 7.18 20.6 3.07 3.33 36.8 187.5 19250 545 55.1 24.8 8.83 42.5
Rock
sample
411191 411191 crushed 0.03% 79.4 36.1 45 10.4 9.42 7.24 1.165 3.07 1.38 3.6 0.494 0.421 8.53 36.4 294 37.6 6.91 2.17 1.04 2.96
Rock
sample
411192 411192 crushed 0.04% 107.5 49.6 56 13.4 11.65 8.69 1.385 3.51 1.68 4.42 0.584 0.485 10.2 48.8 323 43.6 7.44 2.3 1.12 3.24
Auger
sample
26844 26844 -0,25 mm 0.23% 823 390 323 93.6 51.3 29.3 4.81 18.8 5.5 16.8 2.55 3.03 32.9 152 18450 689 54.5 33.2 8.3 46.1
Auger
sample
26845 26845 -0,25 mm 0.22% 988 270 249 69.5 42 26.6 4.3 14.6 4.96 14.75 2.15 2.08 29.3 131.5 337 118 11.4 5.85 7.24 44.7
Auger
sample
26846 26846 -0,25 mm 0.10% 381 162 137.5 39.9 22.9 13.95 2.24 7.93 2.56 7.84 1.135 1.22 15.45 73.6 370 108.5 11.15 5.08 3.41 21.7

==> picture [842 x 42] intentionally omitted <==

Sample
type
Hole ID Sample
ID
Split TREO
pct
Ce
ppm
La
ppm
Nd
ppm
Pr
ppm
Sm
ppm
Dy
ppm
Tb
ppm
Yb
ppm
Ho
ppm
Er
ppm
Tm
ppm
Lu
ppm
Gd
ppm
Y
ppm
Zr
ppm
Nb
ppm
Hf
ppm
Ta
ppm
U
ppm
Th
ppm
Auger
sample
26847 26847 -0,25 mm 0.11% 392 152.5 138.5 40.8 24.3 15.95 2.53 9.64 3.02 9.11 1.35 1.555 16.9 84.5 408 126 13.45 5.87 4.06 30.7
Auger
sample
26848 26848 -0,25 mm 0.44% 1635 710 640 183 101 40.4 6.94 21.5 7.55 22.4 3.16 3.15 62.6 205 10400 332 28.1 16.05 10.35 61.1
Auger
sample
26849 26849 -0,25 mm 0.20% 868 250 234 65.3 39.7 26.7 4.24 15.4 4.94 14.75 2.17 2.29 28.1 129 398 164 14.3 7.77 5.85 45
Auger
sample
26850 26850 -0,25 mm 0.26% 939 450 343 103 54.9 31.6 5.23 18.95 5.83 17.6 2.59 3 36.1 164.5 9510 430 29.5 21.1 6.95 47.4

**Note:

TREO (Total Rare Earth Oxide) = PPM assay results converted into Oxide state using Element-to-stoichiometric oxide conversion factors, then summing: CeO2 + La203 + Pr6O11 + Nd2O3 + Sm2O3 + Eu2O3 + GD2O3 + Tb4O7 + Dy2O3 Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3

Appendix B

2025 Samples collar points

Hole ID Easting Northing Lat Long Zone RL **Sample type ** Split
26801A 650416 6745541 60.8167 -48.2343 UTM Zone 22V 33 Sediment sample -2+1 mm
26801B 650416 6745541 60.8167 -48.2343 UTM Zone 22V 33 Sediment sample -1+0,5 mm
26801C 650416 6745541 60.8167 -48.2343 UTM Zone 22V 33 Sediment sample -0,5+0,25 mm
26801D 650416 6745541 60.8167 -48.2343 UTM Zone 22V 33 Sediment sample -0,25 mm
26802A 650633 6745575 60.81692 -48.2303 UTM Zone 22V 29 Sediment sample -2+1 mm
26802B 650633 6745575 60.81692 -48.2303 UTM Zone 22V 29 Sediment sample -1+0,5 mm
26802C 650633 6745575 60.81692 -48.2303 UTM Zone 22V 29 Sediment sample -0,5+0,25 mm
26802D 650633 6745575 60.81692 -48.2303 UTM Zone 22V 29 Sediment sample -0,25 mm
26803A 650819 6745593 60.81701 -48.2269 UTM Zone 22V 25 Sediment sample -2+1 mm
26803B 650819 6745593 60.81701 -48.2269 UTM Zone 22V 25 Sediment sample -1+0,5 mm
26803C 650819 6745593 60.81701 -48.2269 UTM Zone 22V 25 Sediment sample -0,5+0,25 mm
26803D 650819 6745593 60.81701 -48.2269 UTM Zone 22V 25 Sediment sample -0,25 mm
26804A 650994 6745644 60.8174 -48.2236 UTM Zone 22V 10 Sediment sample -2+1 mm
26804B 650994 6745644 60.8174 -48.2236 UTM Zone 22V 10 Sediment sample -1+0,5 mm
26804C 650994 6745644 60.8174 -48.2236 UTM Zone 22V 10 Sediment sample -0,5+0,25 mm
26804D 650994 6745644 60.8174 -48.2236 UTM Zone 22V 10 Sediment sample -0,25 mm

==> picture [842 x 42] intentionally omitted <==

Hole ID Easting Northing Lat Long Zone RL **Sample type ** Split
26805A 650999 6745378 60.81502 -48.2237 UTM Zone 22V 9 Sediment sample -2+1 mm
26805B 650999 6745378 60.81502 -48.2237 UTM Zone 22V 9 Sediment sample -1+0,5 mm
26805C 650999 6745378 60.81502 -48.2237 UTM Zone 22V 9 Sediment sample -0,5+0,25 mm
26805D 650999 6745378 60.81502 -48.2237 UTM Zone 22V 9 Sediment sample -0,25 mm
26806A 650658 6745418 60.8155 -48.2299 UTM Zone 22V 3 Sediment sample -2+1 mm
26806B 650658 6745418 60.8155 -48.2299 UTM Zone 22V 3 Sediment sample -1+0,5 mm
26806C 650658 6745418 60.8155 -48.2299 UTM Zone 22V 3 Sediment sample -0,5+0,25 mm
26806D 650658 6745418 60.8155 -48.2299 UTM Zone 22V 3 Sediment sample -0,25 mm
26807A 652358 6747160 60.83048 -48.1974 UTM Zone 22V 38 Sediment sample -2+1 mm
26807B 652358 6747160 60.83048 -48.1974 UTM Zone 22V 38 Sediment sample -1+0,5 mm
26807C 652358 6747160 60.83048 -48.1974 UTM Zone 22V 38 Sediment sample -0,5+0,25 mm
26807D 652358 6747160 60.83048 -48.1974 UTM Zone 22V 38 Sediment sample -0,25 mm
26808A 652434 6747085 60.82978 -48.196 UTM Zone 22V 34 Sediment sample -2+1 mm
26808B 652434 6747085 60.82978 -48.196 UTM Zone 22V 34 Sediment sample -1+0,5 mm
26808C 652434 6747085 60.82978 -48.196 UTM Zone 22V 34 Sediment sample -0,5+0,25 mm
26808D 652434 6747085 60.82978 -48.196 UTM Zone 22V 34 Sediment sample -0,25 mm
26809A 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -2+1 mm
26809B 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -1+0,5 mm
26809C 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -0,5+0,25 mm
26809D 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -0,25 mm
26810A 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -2+1 mm
26810B 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -1+0,5 mm
26810C 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -0,5+0,25 mm
26810D 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -0,25 mm
26811A 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -2+1 mm
26811B 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -1+0,5 mm
26811C 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -0,5+0,25 mm
26811D 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Sediment sample -0,25 mm
26812A 650039 6745857 60.81967 -48.241 UTM Zone 22V 3 Sediment sample -2+1 mm
26812B 650039 6745857 60.81967 -48.241 UTM Zone 22V 3 Sediment sample -1+0,5 mm
26812C 650039 6745857 60.81967 -48.241 UTM Zone 22V 3 Sediment sample -0,5+0,25 mm

==> picture [842 x 42] intentionally omitted <==

Hole ID Easting Northing Lat Long Zone RL **Sample type ** Split
26812D 650039 6745857 60.81967 -48.241 UTM Zone 22V 3 Sediment sample -0,25 mm
26813A 650436 6745844 60.81941 -48.2337 UTM Zone 22V 19 Sediment sample -2+1 mm
26813B 650436 6745844 60.81941 -48.2337 UTM Zone 22V 19 Sediment sample -1+0,5 mm
26813C 650436 6745844 60.81941 -48.2337 UTM Zone 22V 19 Sediment sample -0,5+0,25 mm
26813D 650436 6745844 60.81941 -48.2337 UTM Zone 22V 19 Sediment sample -0,25 mm
26814A 650855 6745870 60.81948 -48.226 UTM Zone 22V 8 Sediment sample -2+1 mm
26814B 650855 6745870 60.81948 -48.226 UTM Zone 22V 8 Sediment sample -1+0,5 mm
26814C 650855 6745870 60.81948 -48.226 UTM Zone 22V 8 Sediment sample -0,5+0,25 mm
26814D 650855 6745870 60.81948 -48.226 UTM Zone 22V 8 Sediment sample -0,25 mm
26815A 650974 6746651 60.82644 -48.2232 UTM Zone 22V 58 Sediment sample -2+1 mm
26815B 650974 6746651 60.82644 -48.2232 UTM Zone 22V 58 Sediment sample -1+0,5 mm
26815C 650974 6746651 60.82644 -48.2232 UTM Zone 22V 58 Sediment sample -0,5+0,25 mm
26815D 650974 6746651 60.82644 -48.2232 UTM Zone 22V 58 Sediment sample -0,25 mm
26816A 651200 6746523 60.82521 -48.2191 UTM Zone 22V 12 Sediment sample -2+1 mm
26816B 651200 6746523 60.82521 -48.2191 UTM Zone 22V 12 Sediment sample -1+0,5 mm
26816C 651200 6746523 60.82521 -48.2191 UTM Zone 22V 12 Sediment sample -0,5+0,25 mm
26816D 651200 6746523 60.82521 -48.2191 UTM Zone 22V 12 Sediment sample -0,25 mm
26817A 651276 6746519 60.82514 -48.2177 UTM Zone 22V 10 Sediment sample -2+1 mm
26817B 651276 6746519 60.82514 -48.2177 UTM Zone 22V 10 Sediment sample -1+0,5 mm
26817C 651276 6746519 60.82514 -48.2177 UTM Zone 22V 10 Sediment sample -0,5+0,25 mm
26817D 651276 6746519 60.82514 -48.2177 UTM Zone 22V 10 Sediment sample -0,25 mm
26818A 651124 6746478 60.82483 -48.2206 UTM Zone 22V 9 Sediment sample -2+1 mm
26818B 651124 6746478 60.82483 -48.2206 UTM Zone 22V 9 Sediment sample -1+0,5 mm
26818C 651124 6746478 60.82483 -48.2206 UTM Zone 22V 9 Sediment sample -0,5+0,25 mm
26818D 651124 6746478 60.82483 -48.2206 UTM Zone 22V 9 Sediment sample -0,25 mm
26819A 650847 6746163 60.82211 -48.2259 UTM Zone 22V 25 Sediment sample -2+1 mm
26819B 650847 6746163 60.82211 -48.2259 UTM Zone 22V 25 Sediment sample -1+0,5 mm
26819C 650847 6746163 60.82211 -48.2259 UTM Zone 22V 25 Sediment sample -0,5+0,25 mm
26819D 650847 6746163 60.82211 -48.2259 UTM Zone 22V 25 Sediment sample -0,25 mm
26820A 651570 6746834 60.82785 -48.2121 UTM Zone 22V 9 Sediment sample -2+1 mm
26820B 651570 6746834 60.82785 -48.2121 UTM Zone 22V 9 Sediment sample -1+0,5 mm

==> picture [842 x 42] intentionally omitted <==

Hole ID Easting Northing Lat Long Zone RL **Sample type ** Split
26820C 651570 6746834 60.82785 -48.2121 UTM Zone 22V 9 Sediment sample -0,5+0,25 mm
26820D 651570 6746834 60.82785 -48.2121 UTM Zone 22V 9 Sediment sample -0,25 mm
26821A 651554 6747085 60.83011 -48.2122 UTM Zone 22V 91 Sediment sample -2+1 mm
26821B 651554 6747085 60.83011 -48.2122 UTM Zone 22V 91 Sediment sample -1+0,5 mm
26821C 651554 6747085 60.83011 -48.2122 UTM Zone 22V 91 Sediment sample -0,5+0,25 mm
26821D 651554 6747085 60.83011 -48.2122 UTM Zone 22V 91 Sediment sample -0,25 mm
26822A 651442 6746957 60.82901 -48.2144 UTM Zone 22V 64 Sediment sample -2+1 mm
26822B 651442 6746957 60.82901 -48.2144 UTM Zone 22V 64 Sediment sample -1+0,5 mm
26822C 651442 6746957 60.82901 -48.2144 UTM Zone 22V 64 Sediment sample -0,5+0,25 mm
26822D 651442 6746957 60.82901 -48.2144 UTM Zone 22V 64 Sediment sample -0,25 mm
26823A 651368 6746886 60.8284 -48.2158 UTM Zone 22V 56 Sediment sample -2+1 mm
26823B 651368 6746886 60.8284 -48.2158 UTM Zone 22V 56 Sediment sample -1+0,5 mm
26823C 651368 6746886 60.8284 -48.2158 UTM Zone 22V 56 Sediment sample -0,5+0,25 mm
26823D 651368 6746886 60.8284 -48.2158 UTM Zone 22V 56 Sediment sample -0,25 mm
26824A 650481 6745954 60.82038 -48.2328 UTM Zone 22V 48 Sediment sample -2+1 mm
26824B 650481 6745954 60.82038 -48.2328 UTM Zone 22V 48 Sediment sample -1+0,5 mm
26824C 650481 6745954 60.82038 -48.2328 UTM Zone 22V 48 Sediment sample -0,5+0,25 mm
26824D 650481 6745954 60.82038 -48.2328 UTM Zone 22V 48 Sediment sample -0,25 mm
26825A 652477 6746828 60.82745 -48.1954 UTM Zone 22V 43 Sediment sample -2+1 mm
26825B 652477 6746828 60.82745 -48.1954 UTM Zone 22V 43 Sediment sample -1+0,5 mm
26825C 652477 6746828 60.82745 -48.1954 UTM Zone 22V 43 Sediment sample -0,5+0,25 mm
26825D 652477 6746828 60.82745 -48.1954 UTM Zone 22V 43 Sediment sample -0,25 mm
26826A 6522318 6746672 60.82612 -48.1985 UTM Zone 22V 36 Sediment sample -2+1 mm
26826B 6522318 6746672 60.82612 -48.1985 UTM Zone 22V 36 Sediment sample -1+0,5 mm
26826C 6522318 6746672 60.82612 -48.1985 UTM Zone 22V 36 Sediment sample -0,5+0,25 mm
26826D 6522318 6746672 60.82612 -48.1985 UTM Zone 22V 36 Sediment sample -0,25 mm
411191 650039 6745857 60.81967 -48.241 UTM Zone 22V 3 Rock sample crushed
411192 650039 6745857 60.81967 -48.241 UTM Zone 22V 3 Rock sample crushed
26844 650514 6745836 60.81931 -48.2323 UTM Zone 22V 13 Auger sample -0,25 mm
26845 650712 6745835 60.81922 -48.2286 UTM Zone 22V 14 Auger sample -0,25 mm
26846 652197 6746901 60.82822 -48.2005 UTM Zone 22V 13 Auger sample -0,25 mm

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Hole ID Easting Northing Lat Long Zone RL **Sample type ** Split
26847 652162 6746973 60.82888 -48.2011 UTM Zone 22V 13 Auger sample -0,25 mm
26848 652120 6747015 60.82927 -48.2019 UTM Zone 22V 12 Auger sample -0,25 mm
26849 650779 6745839 60.81923 -48.2274 UTM Zone 22V 10 Auger sample -0,25 mm
26850 650848 6745868 60.81947 -48.2261 UTM Zone 22V 9 Auger sample -0,25 mm

Appendix C

Historic Sampling

Previously reported in ASX announcement 15[th] April 2025.

Sample_ID
REE REE REE REE REE REE REE REE
LREE HREE
La
(ppm)
Ce
(ppm)
Nd
(ppm)
Sm
(ppm)
Eu
(ppm)
Tb
(ppm)
Yb
(ppm)
Lu
(ppm)
Th
(ppm)
U
(ppm)
Nb
(ppm)
Zr
(ppm)
281028 270 410 200 35 2.8 4.7 14 1.3 21 5.6 129 2059
281030 600 870 360 65 4.7 11 39 5 51 18 294 1063
281031 590 990 410 65 4.2 11 31 3 61 14 279 5054
281032 220 290 160 28 2.7 4.4 18 2.4 22 7.1 193 3773
282850 710 1300 520 79 12 12 60 5.2 88 14 326 9360
282851 550 870 390 66 5 9.7 39 4.2 45 11 13 246
282852 NA NA NA NA NA NA NA NA NA NA 118 3520
282853 780 1800 500 80 5.9 11 44 4.7 64 10 126 3286
282854 660 1400 500 75 9.9 11 49 5.3 73 18 200 7240

Historic sampling information sourced from GEUS website (https://eng.geus.dk) for project area MEL 2022-07.

==> picture [842 x 42] intentionally omitted <==

Appendix D

Stoichiometric Ratio - Element to Oxide conversion table

Element Oxide Factor Element Oxide Factor
Ag Ag2O3 1.222 Sc Sc2O3 1.534
As As2O3 1.320 Sn Sn2O3 1.202
Ba Ba2O3 1.175 Sr Sr2O3 1.274
Be Be2O3 3.663 Ta Ta2O3 1.133
Bi Bi2O3 1.115 Th Th2O3 1.103
Cd Cd2O3 1.213 U U2O3 1.101
Ce Ce2O3 1.171 V V2O3 1.471
Co Co2O3 1.407 W W2O3 1.131
Cr Cr2O3 1.462 Y Y2O3 1.270
Cs Cs2O3 1.181 Zn Zn2O3 1.367
Cu Cu2O3 1.378 Zr Zr2O3 1.263
Ga Ga2O3 1.344 Dy Dy2O3 1.148
Ge Ge2O3 1.330 Er Er2O3 1.143
Hf Hf2O3 1.134 Eu Eu2O3 1.158
In In2O3 1.209 Gd Gd2O3 1.153
La La2O3 1.173 Ho Ho2O3 1.146
Mn Mn2O3 1.437 Lu Lu2O3 1.137
Mo Mo2O3 1.250 Nd Nd2O3 1.166
Nb Nb2O3 1.258 Pr Pr2O3 1.170
Ni Ni2O3 1.409 Sm Sm2O3 1.160
Pb Pb2O3 1.116 Tb Tb2O3 1.151
Rb Rb2O3 1.281 Tm Tm2O3 1.142
Sb Sb2O3 1.197 Yb Yb2O3 1.139

==> picture [595 x 32] intentionally omitted <==