Aankondiging • Apr 03

Zenith Minerals Limited Provides Update on the Current Drilling Activities at the Dulcie Far North Gold Project

Zenith Minerals Limited provided an update on the current drilling activities at the Dulcie Far North (DFN) Gold Project, following the commencement of its 40-hole Reverse Circulation (RC) program. Highlights: RC drilling program achieving success and progressing on schedule, with 31 of 40 holes completed and overall completion expected by mid-April 2025. Highest individual assay received to date reported at 13.46 g/t Au in SRRC042. Second stacked lode discovered beneath the main shear with additional footwall-hosted mineralisation confirmed in SRRC048, intersecting: 4m @ 1.44 g/t Au from 123m (5.76 gm), including 1m @ 1.88 g/t Au from 123m and 1m @ 2.69 g/t Au from 126m Southern mineralisation extended by approximately 50m in SRRC042, confirming that the system remains open and supporting further resource growth potential along strike and at depth. Notable intercepts include: 5m @ 1.28 g/t Au from 43m (6.40 gm), including 2m @ 1.97 g/t Au from 45m, 7m @ 2.82 g/t Au from 85m (19.74 gm), including 1m @ 1.66 g/t Au from 86m, and 3m @ 5.28 g/t Au from 88m, including 1m @ 13.46 g/t Au from 88m, 7m @ 0.88 g/t Au from 175m (6.16 gm), including 2m @ 2.25 g/t Au from 76m. Infill drilling improving resource confidence, targeting lower-confidence areas within the existing Inferred Resource. Significant intercepts include: SRRC043: 9m @ 0.71 g/t Au from 67m (6.38 gm), including 1m @ 1.46 g/t Au from 72m; SRRC046: 4m @ 1.18 g/t Au from 83m (4.72 gm), including 1m @ 2.04 g/t Au from 83m and 1m @ 1.80 g/t Au from 86m; SRRC051: 3m @ 1.54 g/t Au from 103m (4.62 gm), including 1m @ 3.13 g/t Au from 104m. Step-out drilling underway, targeting open mineralisation to the north and probing deeper, underexplored footwall lodes that lie outside the current resource model. High-priority regional targets advancing, with POW approvals now secured for Fuego and Nieve. Drill pad preparation is complete, and 4 additional holes have been added to the current program as first-pass tests of these DFN-analogue prospects. The regional potential of Split Rocks remains significant, and Zenith continues to prioritise targets with potential to feed into a broader gold development strategy -- whether as standalone deposits or part of a centralised processing hub. The current RC drill program has also demonstrated that gold mineralisation extends along strike to the south of the current resource, with three mineralised intervals intersected in drill hole SRRC042, including 5m @ 1.28 g/t Au from 43m and 7m @ 2.82 g/t Au from 75m as shown on the long section. Geological Observations from 2025 Drilling Initial holes have intersected altered amphibolite and banded iron formation (BIF) units that host the Dulcie Gold Trend. These intersections are consistent with historical high-grade zones and comprise: Strong foliation and ductile shearing, typical of orogenic gold systems; Pyrrhotite-rich zones, occurring as massive sulphides within BIFs and disseminated within amphibolite; Boudinage textures associated with competency contrasts between lithologies; Calc-silicate alteration, including green hornblende and garnet (almandine), confirming the system's extensive hydrothermal overprint; Consistent dip and orientation, supporting confidence in the current geological model. The Drilling Strategy and Geological Insights: The current 40-hole Reverse Circulation (RC) drilling program at DFN (including 4 regional holes) is central to Zenith's strategy of transforming the project from a modest resource into a potentially standalone development opportunity. To date, 31 of 40 RC holes have been drilled, not including two holes that were abandoned early due to ground conditions and are due to be re-drilled. Three additional holes are scheduled for completion, as well as four holes testing the Fuego and Nieve prospects. This announcement is based on the return of 975 samples which have passed 1st review of QA/QC. Further and more comprehensive QA/QC will be performed upon completion of the program. Of the recently completed drill holes, 6 have returned full assay results, while a further 4 have returned partial assays, with the remaining assays pending. The program was designed following the recent 40% increase in the Inferred Mineral Resource, which lifted the resource to 210,000oz @ 1.3 g/t Au for 5.1million tonnes. That increase highlighted both the scale of the gold system and the opportunity to grow and upgrade the resource further through targeted drilling. The current phase of drilling has four primary objectives: Resource Expansion: Step-out holes are testing extensions of mineralisation along strike to the north and at depth to the west. These areas remain open and under-drilled, with significant potential to add additional ounces. Resource Classification: Infill holes are targeting zones within the existing Inferred resource that were previously classified as lower-confidence due to wide drill spacing. By increasing drilling density, the Company aims to convert a portion of this resource to an Indicated category, supporting future mining studies. Testing Footwall Lodes: Several holes are designed to probe beneath the main shear zone to test a newly identified footwall horizon. Previous drilling (e.g. SRRC035: 10m @ 2.00 g/t Au) indicated the presence of mineralisation in these zones, but they remain largely unclassified. Early indications from the current program -- including new intercepts in hole SRRC048 -- confirm the presence of additional mineralised lodes at depth. Optimising Geological Understanding: Geological interpretation from the current drilling program will help refine the Company's geological model at DFN. This is critical for accurately modelling lode geometry and will feed directly into future scoping and feasibility studies. To deliver these objectives while maintaining financial discipline, the Company has made the decision to cancel the originally planned diamond drilling component. Although diamond core would have provided structural and metallurgical data, it came at a higher cost and longer lead times. By reallocating metres to RC, Zenith is maintaining momentum, preserving capital, and ensuring the program remains focused on resource growth and classification. Further metallurgical and structural data will be collected in future phases using targeted core holes, if required.

Percentage CEO-salaris	79.28%
Dienstverband CEO	1.8yrs
Eigendom CEO	n/a
Management gemiddelde ambtstermijn	1.8yrs
Gemiddelde ambtstermijn bestuur	1.8yrs

Datum	Totale vergoeding	Salaris	Bedrijfswinsten
Dec 31 2025	n/a	n/a	-AU$2m
Sep 30 2025	n/a	n/a	-AU$2m
Jun 30 2025	AU$347k	AU$275k	-AU$3m

Naam	Positie	Tenure	Compensatie	Eigendom
Andrew R Smith	Managing Director & Director	1.8yrs	AU$346.89k	geen gegevens
Nicholas Bishop	Chief Financial Officer	no data	geen gegevens	geen gegevens
James Major	Exploration Manager	less than a year	geen gegevens	geen gegevens
Chen Chik Ong	Company Secretary	5.5yrs	geen gegevens	geen gegevens

Naam	Positie	Tenure	Compensatie	Eigendom
Andrew R Smith	Managing Director & Director	1.8yrs	AU$346.89k	geen gegevens
Stanley Macdonald	Independent Non-Executive Director	20.1yrs	AU$50.18k	1.14% € 305.9k
Euan Jenkins	Non-Executive Director	1.4yrs	AU$27.25k	2.38% € 641.9k

Gegevens	Laatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse	2026/05/22 12:07
Aandelenkoers aan het einde van de dag	2026/05/22 00:00
Inkomsten	2025/12/31
Jaarlijkse inkomsten	2025/06/30

Pakket	Gegevens	Tijdframe	Voorbeeld Amerikaanse bron ^*
Financiële gegevens bedrijf	10 jaar	Resultatenrekening Kasstroomoverzicht Balans	SEC-formulier 10-K SEC-formulier 10-Q
Consensus schattingen analisten	+3 jaar	Financiële prognoses Koersdoelen analisten	Onderzoeksrapporten van analisten Blue Matrix
Marktprijzen	30 jaar	Aandelenprijzen Dividenden, splitsingen en acties	ICE Marktgegevens SEC-formulier S-1
Eigendom	10 jaar	Top aandeelhouders Handel met voorkennis	SEC-formulier 4 SEC-formulier 13D
Beheer	10 jaar	Leiderschapsteam Raad van bestuur	SEC-formulier 10-K SEC-formulier DEF 14A
Belangrijkste ontwikkelingen	10 jaar	Bedrijfsaankondigingen	SEC-formulier 8-K

Zenith Minerals Beheer

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Belangrijke informatie

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