Mount Ridley Heavy Rare Earth Resource Project

inferred mineral resource defined

Mount Ridley Mines Ltd has defined a substantial heavy rare earth resource at its Mount Ridley Project in Western Australia. The project features a large-scale inferred mineral resource with a high ratio of heavy rare earth oxides, including critical metals dysprosium and terbium, essential for permanent magnets used in electric vehicles and wind turbines. The resource spans two main zones and is part of a multi-element critical minerals system with scandium and gallium. The deposit is near surface, supporting potential bulk mining methods, with plans for further drilling, metallurgical test work, and evaluation of processing pathways.