PHASE 3 DRILLING AND EXPLORATION COMMENCES AT OVAL CU-NI-PGE DISCOVERY

Key Highlights:

• Phase 3 drilling follows up on AZ9’s outstanding 2024 discovery.
• Fully funded program supported by $3.969M raised via an equity placement.
• Diamond drilling campaign will test high-priority DHEM conductive plates, deeper gravity anomalies, and step-out extensions.
• Aims to expand high-grade mineralisation and define the structural controls of the Oval Cu-Ni-PGE system.
• Initial assay results expected in May 2025, with metallurgical test work ongoing.
• Approvals secured for expanded exploration in 2025, including the newly discovered Copper Ridge Cu-Au prospect. 

Managing Director, Gan-Ochir Zunduisuren, commented:
“We are excited to launch Phase 3 drilling at Oval, building on last year’s exceptional results. With a fully funded program and a strategic focus on deeper extensions and new targets, we are progressing towards unlocking the full potential of the Oval Cu-Ni-PGE discovery. Pending the results of this phase, we aim to expand the program further later this year.”