TM1

Southwest drilling confirms multiple stacked high-grade PGM reefs (1.3–5.45 g/t 3E) within a thick, laterally extensive mineralized system open along strike—geometry supports low-strip open-pit optionality ahead of maiden MRE. The 18.62 g/t 3E spike and 79.8m @ 1.30 g/t envelope are bonanza-grade floors for a PGM system, though resource size and strip ratio remain unmeasured.

Diamond tail assays confirm broad, continuous PGM-Cu-Ni mineralisation over 1,100m strike with multiple high-grade reef zones, extending the Southwest Main Sulfide Corridor and supporting resource estimation pathway. With 32,000m of assays pending and five rigs active, TM1 is actively de-risking maiden MRE delivery later in 2026.

TM1 has extended the Southwest PGM-Cu-Ni system strike by 150 m with robust assay confirmation of stacked high-grade reef zones (multiple 2+ g/t PGE3 intervals) and demonstrated shallow mineralization, reinforcing scale and growth potential outside the existing 148 Mt resource. Five rigs active and geophysics continuing to generate targets indicator material near-term newsflow.