Major MRE upgrade to 32.7Mt, exceeding the upper end of the previous Exploration Target and confirming Tallebung as a large-scale open-pit tin-tungsten-silver development opportunity.

Substantial growth in contained metal inventory, with 58% more tin (126% more Measured & Indicated tin), 163% more tungsten, and a maiden 9.94Moz silver Resource.

Low-capital development pathway supported by exceptional metallurgy, with shallow mineralisation, low strip ratios, and TOMRA ore sorting testwork delivering more than 10x grade upgrades.

Strong growth and development momentum, with the Resource remaining open in all directions, additional drilling results pending, and the Pre-Feasibility Study and NSW development approvals advancing in parallel.