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PURE RESOURCES LIMITED M&A Activity 2025

Sep 25, 2025

65608_rns_2025-09-25_c120cf4f-4231-4474-9a53-d9645723eaea.pdf

M&A Activity

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ASX RELEASE | 26 September 2025 | ASX:PR1

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Settlement of Acquisition of Garnet Hills

Pure Resources Limited (“ Pure ” or “ Company ”) is pleased to advise that it has completed settlement of the acquisition of Garnet Hills Pty Ltd, the registered holder of Mining Lease M80/416, located 90km north of Halls Creek in Western Australia (“ Garnet Hills ” or “ Project ”).

The Project represents a unique, high-grade, outcropping hard-rock garnet deposit situated on a live mining lease granted until 2038, strategically located close to the Great Northern Highway and Wyndham Port.

Milestone 1 Payment

In accordance with the binding option agreement terms, Pure has made the Milestone 1 payment of $125,000 in cash to the vendors following completion of costeaning, bulk sampling and metallurgical test work at Garnet Hills.

Pure’s Executive Chairman, Mr Patric Glovac , commented:

“Settlement of the Garnet Hills acquisition marks a key milestone for Pure. With Milestone 1 now completed, we are advancing rapidly towards feasibility studies and development. Garnet Hills has the potential to become one of only a handful of commercially viable hard-rock garnet mines globally and we look forward to updating shareholders as we execute our forward work program.”

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