EV RESOURCES LTD — Capital/Financing Update 2026

Jan 26, 2026

ASX ANNOUNCEMENT

27 January 2026

High-Grade Antimony, Copper and Silver Confirmed at US Antimony Project

Up To 15.05% Sb, 17.8% Cu and >10,000ppm Ag, Dollar Project, Nevada. Follow up planning underway

HIGHLIGHTS

• High-grade antimony, copper and silver assays returned from initial reconnaissance visit to Dollar Antimony project.

• Rock chip samples from historic working dumps returned exceptional grades, including:

• 15.05% Sb (antimony) from a quartz-stibnite vein float.

• 17.8% Cu (copper), 8.96% Sb and >10000ppm Ag (overlimit) from historic dump material.

• 7.34% Sb from outcropping 15cm vein in a historical adit roof.

• Results strongly support the presence of a prospective polymetallic vein system containing high-grade antimony, copper and silver.

• Gold (Au) mineralisation is evident, though fire assays for gold are pending resubmittal for QA/QC verification review.

• Project is 12km from Kinross Gold’s Round Mountain Gold Mine and 7km from a sealed road in Nevada, one of the most favourable mining jurisdictions in the world.

• Detailed follow-up exploration, including a systematic soil sampling program, is scheduled to commence in March/April 2026.

EV Resources (ASX: EVR) (“EVR” or “the Company”) is pleased to announce highly encouraging assay results from an initial site visit to its 100%-owned Dollar Antimony project in Nevada, USA.

The reconnaissance program, conducted in November 2025 by Managing Director, Mike Brown, and a consulting geologist, was designed to validate historical workings and assess the style of mineralisation. The results have successfully indicated the presence of high-grade polymetallic veins, enriched with critical metals – specifically antimony and copper – along with a significant precious metal endowment. The property has historic adits dating back to World War 2, with no modern exploration reported.

Managing Director and CEO, Mike Brown, commented: “The results are very promising in terms of indicating the presence of high-grade antimony, copper, silver and gold values on the Dollar project. All these metals are near all-time price highs and receiving significant attention, with all four metals on the US Government’s Critical Minerals list. The favourable location of the Project, when combined with the focus the US Administration is putting on these metals, provides a very positive environment for the Company to advance activities. We are now commencing planning for a detailed soil survey to cover the property.”

Reconnaissance Sampling Results

In November 2025 Mike Brown and a consulting geologist collected rock chip samples on a reconnaissance trip to the Dollar project from Reno, Nevada. The project area was reached via sealed roads, then 10km on public gravel roads to the Company’s claims. Historical workings were accessible by internal access tracks. All workings have been filled in or gated by Forest Service.

Primarily sampling of dumps was undertaken given the first pass nature of the site visit, and while this is not considered to be representative of the actual grades, it serves to indicate the type and nature of mineralisation present. Whilst structural measurements were taken from the fault zone shown in Figure 2, orientations of other structures from historical workings are inferred until further work can confirm these. Significant assays results returned indicate highly prospective mineralisation (see Table 1). The results suggest that there are at least two mineralisation styles being present on the property with distinct orientation and mineralisation (see Figures 4, 5 and 6);

a) Polymetallic mineralisation consisting of Cu, Sb, Au and Ag, and, b) Quartz-stibnite vein system.

Table 1 : Selected Significant Rock Chip Results

Table 1:Sel	ected Signif	icant Rock C	hip Resul	ts
ID	**Type **	**Sb_ppm **	**Sb_% **	Au_ppm*	**Ag_ppm **	**Cu_ppm **	**Cu_% **	**As_ppm **
D-01	dump	89600	8.96	NSS	>10000	178000	17.8	7510
D-11	dump	5280	0.53	0.1	1.64	109.5	0.01	>10000
D-14	dump	46600	4.66	2.01	696	13050	1.31	1380
D-15	dump	362	0.04	3.88	1.83	41.6	0	1180
D-16	float	78300	7.83	2.73	3.86	100	0.01	789
D-18	float	150500	15.05	0.03	1.47	118	0.01	23.4
D-19	channel	73400	7.34	0.02	0.5	52.2	0.01	16.5

Cautionary Statement: Au_ppm* results reported by the laboratory are currently subject to a quality investigation due to under-reporting of Au fire assay in a QA/QC standard. Updated gold values will be released if necessary once verified.

The highest antimony assay, 15.05% Sb, was returned from sample D-18, a quartzstibnite/stibiconite-limonite vein float, see Figure 2b, located in the refilled adit shown in Figure 2. This sample is interpreted to be derived from the same vein structure sampled in sample D-19 (Figure 2a), based on identical geochemistry and the vein morphology.

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Figure 1 : Dollar Project location showing proximity to operating Round Mountain gold mine and the Last Chance Antimony Project.

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Figure 2: Backfilled adit into a 4.15m wide fault zone (4.15m @ 0.42% Sb ). 2a: Sample D-19 10-15cm qtz-stibnite vein on adit roof assayed 7.34% Sb , 2b: Sample D-18 qtz-stibnite-oxide vein float near entrance to adit: 15.05% Sb .

Sample D-19 sampled a 15cm quartz-stibnite vein exposed in the roof of a backfilled adit, within a broader 4.15m wide fault zone (see figure 2a). This vein returned 7.34% Sb, demonstrating high-grade mineralisation in situ. A 4.15m channel across the total structure returned 0.42% Sb.

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Figure 3: Antimony geochemistry (ppm) from sampling reported in this release and historical USGS database rock sample from 1985 (10,000 ppm overlimit).

Strategic Significance & Next Steps

The Dollar project results strengthen EVR’s vision of becoming a significant antimony supplier to the critically under-supplied North American markets. Developing a domestic (US) based project could also qualify EVR for financial and permitting incentives under current US legislation aimed at reducing their dependence on Chinese supply chains. Based on these very promising early

results the Company is planning to undertake a detailed soil geochemical program and mapping. This is likely to start in March or April.

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Figure 4 :Copper and silver geochemistry (ppm) from sampling reported in this release, supporting presence of a polymetallic system (Cu-Ag-Sb) and an antimony-quartz system.

Upcoming US Work Programs

• Q1 2026: Receipt of verified gold assays from Dollar Project samples.

• Short Term: Receipt of rock chip reconnaissance sampling assay results from Milton Project, Nevada

• March/April: Commence of detailed soil geochemical survey and geological mapping program at Dollar and Milton projects to delineate drill targets.

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Figure 5 : Location of historic workings and interpretated mineralisation trends and styles, Dollar Project

Other Work Programs

• Late Jan 2026: Commencement of drilling at Los Lirios.

• Short Term: Receipt of channel sampling assay results from Los Lirios

• Q1 CY2026: Finalisation of preliminary engineering and budget for Tecomatlán Plant and commencement of Phase 1 refurbishment.

• Next 6-10 weeks: Receipt of initial drilling results.

• April: Commencing orientational geophysical surveys over historical pits to determine most responsive geophysical survey system

ENDS -

For further information, please contact:

Mike Brown Managing Director & CEO Tel: +61 466 856 061 E: info@evresources.com.au

This ASX announcement was authorised for release by the Board of EV Resources Limited.

About EV Resources

EV Resources (ASX: EVR) is a critical minerals exploration and development company focused on securing the North American antimony supply chain.

We are rapidly transitioning from a diversified explorer to a near-term producer. Our strategy is centred on antimony, a critical mineral designated by the US, EU, and Australia as essential for energy storage, battery technology, defence, and high-tech applications.

Our asset portfolio is strategically positioned in mining-friendly jurisdictions:

• Los Lirios Antimony Project (Mexico): Our flagship, high-grade project. We are fasttracking Los Lirios to production, a goal supported by our acquisition of the nearby Tecomatlán Processing Plant, which provides a low-capex path to cash flow.

• US Antimony Projects (Nevada): We hold a 100% interest in the Dollar and Milton Canyon antimony projects, key assets in our strategy to build a secure, domestic critical minerals supply chain for the United States.

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Competent Person Statement

The information in this release that relates to Exploration Results is based on information compiled by Mr Mike Brown who is a Member of the Australian Institute of Geoscientists (MAIG). Mr Brown MD and CEO of EVR. Mr Brown has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Brown consents to the inclusion in this announcement of the matters based on information in the form and context in which it appears.

Compliance Statement

This announcement contains information on the Dollar Project extracted from ASX market announcement dated 10 September 2025 “EV Resources Acquires 100% of High-Grade Dollar Antimony Project in Nevada, USA” and reported in accordance with the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” ("2012 JORC Code"). EVR confirms that it is not aware of any new information or data that materially affects the information included in the original ASX market announcement.

Forward Looking Statement

Forward Looking Statements regarding EVR´s plans with respect to its mineral properties and programs are statements that are not historical facts. Words such as “expect(s)”, “feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)”, “potential(s)”and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. There can be no assurance that EVR’s plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that EVR will be able to confirm the presence of additional mineral resources, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of EVR’s mineral properties. The performance of EVR may be influenced by a number of factors which are outside the control of the Company and its Directors, staff, and contractors.

These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the company’s prospects, properties and business strategy. Our audience is cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

APPENDIX 1

Name	Easting	Northing	Type	Width (m)	Sb_ppm	Sb_%	Au_ppm	Ag_ppm	Cu_ppm	Cu_%	As_ppm	Pb_ppm
D-01	479532	4276521	dump		89600	8.96	NSS	>10000	178000	17.8	7510	4730
D-02	479557	4276475	float		793	0.08	0.47	16.6	297	0.03	2670	161.5
D-03	479561	4276488	float		2190	0.22	0.04	21.4	319	0.03	1265	417
D-04	479581	4276514	outcrop		712	0.07	0.02	1.86	22	0	559	19.6
D-05	479548	4276531	float		3060	0.31	0.19	4.68	58.9	0.01	1835	73.9
D-06	479532	4276538	dump		306	0.03	0.02	85.4	603	0.06	125.5	386
D-07	479527	4276542	dump		325	0.03	0.08	3.9	117.5	0.01	973	74.5
D-08	479531	4276535	dump		1350	0.14	0.02	65.6	900	0.09	366	913
D-09	479527	4276554	dump		472	0.05	0.06	4.45	93	0.01	1115	173
D-11	479525	4276551	dump		5280	0.53	0.1	1.64	109.5	0.01	>10000	198.5
D-12	479442	4276647	float		2070	0.21	0.07	4.97	106	0.01	3660	278
D-13	479437	4276649	float		58.8	0.01	0.01	0.42	8.8	0	203	4
D-14	479471	4276813	dump		46600	4.66	2.01	696	13050	1.31	1380	83100
D-15	479477	4276816	dump		362	0.04	3.88	1.83	41.6	0	1180	239
D-16	479512	4276784	float		78300	7.83	2.73	3.86	100	0.01	789	480
D-17	479539	4276785	float		429	0.04	0.03	0.58	77.8	0.01	45	48.1
D-18	479551	4276793	dump		150500	15.05	0.03	1.47	118	0.01	23.4	446
D-19	479553	4276795	channel	0.15	73400	7.34	0.02	0.5	52.2	0.01	16.5	128.5
D-21	479554	4276795	channel	1	2680	0.27	0.03	0.22	6.8	0	42.4	10.8
D-22	479555	4276796	channel	1	2190	0.22	0.01	0.38	12.2	0	37.2	19.3
D-23	479556	4276797	channel	1	609	0.06	0.01	0.28	9.1	0	30.5	14.6
D-24	479553	4276794	channel	1	884	0.09	0.08	0.44	14	0	152.5	15.6

Au ppm values are subject to a quality investigation and will be reported when assay results are verified. Datum: NAD83/UTMZone11

JORC Code, 2012 Edition – Table 1 Report

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections)

Criteria	JORC Code Explanation	Commentary
Sampling techniques	• Nature and quality of sampling (eg cut channels, random chips, or specifc specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fre 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	• Float and dump samples were collected as random representative samples. • Channels were between 50cm to 100cm long, 10cm wide, and 3cm deep. Surfaces were cleaned. The channels were sampled on a continuous basis. • The samples were collected and bagged and labelled. • Sampling avoided over or under representation of soft/hard mineral phases.

			• No drilling was undertaken. • No drilling was undertaken. • Chip samples were logged in detail, covering lithology and mineral content, alteration types, and associated features including foliation and quartz veining (density, widths, orientations). • Logging was qualitative in nature, based upon key mineralisation features observed by experienced geologists. Geological and geotechnical logging was completed for all channel samples. Information included host rock,structure,and alteration. • No sub sampling was undertaken. • A blank and a standard were inserted for QA/QC.
	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).	• No drilling was undertaken.
	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 fne/coarse material.	• No drilling was undertaken.
	Logging	• Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged.	• Chip samples were logged in detail, covering lithology and mineral content, alteration types, and associated features including foliation and quartz veining (density, widths, orientations). • Logging was qualitative in nature, based upon key mineralisation features observed by experienced geologists. Geological and geotechnical logging was completed for all channel samples. Information included host rock,structure,and alteration.
		• If core, whether cut or sawn and whether quarter, half or all cores taken. • If non-core, whether riffled, tube sampled, rotary _split, etc and whether sampled wet or dry. _	• No sub sampling was undertaken. • A blank and a standard were inserted for QA/QC.

			• Samples were hand delivered to ALS laboratory in Reno, Nevada. Samples were dried then pulverised to 250g pulp with 85% <75um. • Each sample underwent four acid digestion Inductively Coupled Plasma-Atomic Emission Spectrometry (ME- MS61) for multi-elements and AU-AA25 fire assay for Au. Overlimit for Sb (>10,000ppm) method was Sb_ICP08. Ag overlimit >100ppm underwent Ag-OG62 four acid digestion, and any Ag>1500ppm then underwent a secondary Ag 30g fire assay-gravity finish (Ag-GRA21). • The company has a QA/QC protocol that requires insertion of blanks every 20 samples and one standard. OREAS291 was the standard submitted to the Laboratory based on its polymetallic nature. • The laboratory has their own certified QA/QC procedures including equipment calibration. • The reported FA results for Au were not within acceptable
	Sub- sampling techniques and sample preparation	• 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 feld duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled.
	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 (i.e. lack of bias) and precision have been established.	• Samples were hand delivered to ALS laboratory in Reno, Nevada. Samples were dried then pulverised to 250g pulp with 85% <75um. • Each sample underwent four acid digestion Inductively Coupled Plasma-Atomic Emission Spectrometry (ME- MS61) for multi-elements and AU-AA25 fire assay for Au. Overlimit for Sb (>10,000ppm) method was Sb_ICP08. Ag overlimit >100ppm underwent Ag-OG62 four acid digestion, and any Ag>1500ppm then underwent a secondary Ag 30g fire assay-gravity finish (Ag-GRA21). • The company has a QA/QC protocol that requires insertion of blanks every 20 samples and one standard. OREAS291 was the standard submitted to the Laboratory based on its polymetallic nature. • The laboratory has their own certified QA/QC procedures including equipment calibration. • The reported FA results for Au were not within acceptable

			limits, reporting 3.32ppm Au, versus OREAS291 value of 3.81ppm Au. A quality investigation was filed with ALS and is currently being investigated. The Company will update the results when Au assayingfor the samples is verified. • Primary data was logged in feld notebooks in a systematic process and subsequently entered into digital formats under SGM protocols. • Review of duplicates, blanks and standards was conducted to determine if assaying results were within industry standards. • Verification of FA for Au is pending. • No data adjustments were applied. • Sample locations coordinates were accurately surveyed using a handheld GPS with an expected accuracy of ± 2m in previous mining pits where the mineralised material was exposed. • The grid system employed was the UTM coordinate system (NA83-UTMZone11) which provided a spatial framework considered reliable for initial exploration activity. Coordinates logged in the assay database. • Topographic control was considered adequate, based on reference to regional topographic maps and confrmed by site observations.
			limits, reporting 3.32ppm Au, versus OREAS291 value of 3.81ppm Au. A quality investigation was filed with ALS and is currently being investigated. The Company will update the results when Au assayingfor the samples is verified.
	Verifcation of sampling and assaying	• The verifcation of signifcant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verifcation, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data	• Primary data was logged in feld notebooks in a systematic process and subsequently entered into digital formats under SGM protocols. • Review of duplicates, blanks and standards was conducted to determine if assaying results were within industry standards. • Verification of FA for Au is pending. • No data adjustments were applied.
	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. • Specifcation of the grid system used. • Quality and adequacy of topographic control.	• Sample locations coordinates were accurately surveyed using a handheld GPS with an expected accuracy of ± 2m in previous mining pits where the mineralised material was exposed. • The grid system employed was the UTM coordinate system (NA83-UTMZone11) which provided a spatial framework considered reliable for initial exploration activity. Coordinates logged in the assay database. • Topographic control was considered adequate, based on reference to regional topographic maps and confrmed by site observations.

			• No set sampling spacing was applied, it was determined by experienced geologists in the field to collect representative samples in the field and in particular in historic adits. • Channels were between 15cm to 100cm long, 10cm wide, and 3cm deep. Surfaces were cleaned. Sampling avoided over or under representation of soft/hard mineral phases. • Data is insufficient for resource estimation. • No compositingwas applied. • Samples collected perpendicular to the structure, or stratigraphy for stratabound targets, minimizing bias. • No drilling was undertaken • Samples were bagged, tagged, labelled and secured on site, and were dispatched by secure transport with accompanying documentation, including the sample ID, location and description. This was verifed upon receipt at the laboratory. The ALS laboratory has sample security and integrity processes in place.. • Tamper proof seals were used on all sample bags. All samples remained in thepossession of the sampler. • Preliminary internal and external reviews conducted. FA result for Au for OREAS291 standard did not pass QA/QC and was filed forqualityinvestigation.
	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 classifcations applied. • Whether sample compositing has been applied.	• No set sampling spacing was applied, it was determined by experienced geologists in the field to collect representative samples in the field and in particular in historic adits. • Channels were between 15cm to 100cm long, 10cm wide, and 3cm deep. Surfaces were cleaned. Sampling avoided over or under representation of soft/hard mineral phases. • Data is insufficient for resource estimation. • No compositingwas applied.
	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.	• Samples collected perpendicular to the structure, or stratigraphy for stratabound targets, minimizing bias. • No drilling was undertaken
	Sample security	• The measures taken to ensuresample security.	• Samples were bagged, tagged, labelled and secured on site, and were dispatched by secure transport with accompanying documentation, including the sample ID, location and description. This was verifed upon receipt at the laboratory. The ALS laboratory has sample security and integrity processes in place.. • Tamper proof seals were used on all sample bags. All samples remained in thepossession of the sampler.
	Audits or reviews	• The results of any audits or reviews of sampling techniques and data.	• Preliminary internal and external reviews conducted. FA result for Au for OREAS291 standard did not pass QA/QC and was filed forqualityinvestigation.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section)

Criteria	JORC Code Explanation	Commentary
Mineral tenement and land tenure status	• Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	• The Dollar claims are located in Nye County, Nevada. They are 100% owned by EV Resources Limited through its subsidiary, Strategic Minerals Inc • The project consists of 8 unpatented claim blocks with no patented claims within them. Each claims block measures 1500ft north-south and 600ft east-west. The LEAD FILE NUMBER is: NV106750240 • DOLR 1 • DOLR 2 • DOLR 3 • DOLR 4 • DOLR 5 • DOLR 6 • DOLR 7 • DOLR 8 • The claims lie within the Humboldt-Toiyabe National Forest, administered by the US Forest Service (USFS). • There is a 2% NSR retained by the vendor (see ASX release, 10 Sept 2025), and no known impediments to obtaining a licence to operate in the area.
Exploration done by other parties	• Acknowledgment and appraisal of exploration by other parties.	• The licences have been subjected to small scale informal mining over several decades, but no systematic exploration has been conducted. • The USGS undertook regional geochemical sampling work in between 1983 and 1984, with initial stream sediment samplingbeingfollowed upwith a rock chipsample taken

			in 1985. Rockchip reported >10,000ppm. The property reportedly produced 30ton of antimony during WWII- this has not been confirmed by the Company. • There are no other reports of other exploration activity to the Company’s knowledge. • The prospect is located in the Jett Mining District on the eastern slope of the Toiyabe Range in Nye County, Nevada. The regional geology map indicates the prospect lies at the contact between Tertiary volcanic rocks and unconsolidated Quaternary sediments. The Toiyabe Range is a horst block composed primarily of uplifted Paleozoic sedimentary rocks, including limestone, shale, and siltstone, which are bordered and locally overlain by Tertiary volcanic rocks. • Mineralization in the district, particularly for antimony, is structurally controlled and hosted in shear zones and faults. A notable occurrence, the Dollar antimony-silver mine, is located at the mouth of Boyd Canyon and features stibnite mineralization along a shear zone at the contact between silicified limestone and shale. This geological setting, involving Paleozoic sediments intruded or overlain by Tertiary volcanics with significant structural preparation, is characteristic of many precious and base metal deposits in the Great Basin
			in 1985. Rockchip reported >10,000ppm. The property reportedly produced 30ton of antimony during WWII- this has not been confirmed by the Company. • There are no other reports of other exploration activity to the Company’s knowledge.
	Geology	• Deposit type, geological setting and style of mineralization.	• The prospect is located in the Jett Mining District on the eastern slope of the Toiyabe Range in Nye County, Nevada. The regional geology map indicates the prospect lies at the contact between Tertiary volcanic rocks and unconsolidated Quaternary sediments. The Toiyabe Range is a horst block composed primarily of uplifted Paleozoic sedimentary rocks, including limestone, shale, and siltstone, which are bordered and locally overlain by Tertiary volcanic rocks. • Mineralization in the district, particularly for antimony, is structurally controlled and hosted in shear zones and faults. A notable occurrence, the Dollar antimony-silver mine, is located at the mouth of Boyd Canyon and features stibnite mineralization along a shear zone at the contact between silicified limestone and shale. This geological setting, involving Paleozoic sediments intruded or overlain by Tertiary volcanics with significant structural preparation, is characteristic of many precious and base metal deposits in the Great Basin
	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

			• No drilling has been conducted. • No data aggregation has been applied to the results.
		• 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 justifed on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.	• No drilling has been conducted.
	Data aggregation methods	• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g., cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high- grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated.	• No data aggregation has been applied to the results.

			• Channel sample widths are representative of true thickness. • Diagrams in the report include location maps, regional maps and detailed project area maps. These provide an adequate visual representation of the exploration areas. • The reports provide a balanced presentation of early-stage geological observations with sample data reported in full. • No selective reporting was used that could misrepresent the overall results. • All available samples and results have been disclosed.
	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’).	• Channel sample widths are representative of true thickness.
	Diagrams	• Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any signifcant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	• Diagrams in the report include location maps, regional maps and detailed project area maps. These provide an adequate visual representation of the exploration areas.
	Balanced reporting	• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	• The reports provide a balanced presentation of early-stage geological observations with sample data reported in full. • No selective reporting was used that could misrepresent the overall results. • All available samples and results have been disclosed.

			• No other activity has been conducted on the Property apart from a reconnaissance trip and the samples reported in this table and release. • EV Resources intends to pursue standard early-stage exploration activities in order to define potential drill targets. These include detailed soil sampling grid and mapping. If results are positive the appropriate geophysical method for narrow mineralised systems might be conducted prior to a future drilling campaign.
	Other substantive exploration data	• Other exploration data, if meaningful and material, should be reported including (but not limited to): geologicalobservations; geophysical surveyresults; 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.	• No other activity has been conducted on the Property apart from a reconnaissance trip and the samples reported in this table and release.
	Further work	• The nature and scale of planned further work (eg tests for lateralextensions or depth extensions or large-scale step-out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	• EV Resources intends to pursue standard early-stage exploration activities in order to define potential drill targets. These include detailed soil sampling grid and mapping. If results are positive the appropriate geophysical method for narrow mineralised systems might be conducted prior to a future drilling campaign.