Announcement • Jul 21
Arkadian Strategic Metals Plc Provides Update on Motzfeldt Field Programme Mobilisation and Processing Arkadian Strategic Metals Plc provided an update on preparations for the 2026 field programme at the Motzfeldt Critical Metals Project in South Greenland. The field team is scheduled to mobilise to Greenland from 26 July 2026, with the first field activities planned for 29 July 2026. TheiaX field teams are scheduled to mobilise to site from 26 July 2026, with first field activities planned from 29 July 2026. BioApp field team is scheduled to commence environmental baseline studies from 6 August 2026. Rougher and cleaner flotation tests have been completed as part of the first-pass beneficiation programme. Assay results from the flotation concentrates and tailings are expected around beginning of August, following external laboratory turnaround. Relogging of historic Motzfeldt drill core is being advanced, with arrangements being made for the relevant core to be worked on in Nuuk in Fourth Quarter 2026. Licence-scale satellite remote sensing data acquisition is in process, with data processing and review to follow. The field programme will be undertaken by a team of geologists under the lead of Arkadian's Principal Geologist. The Arkadian team will work with the two other specialist field teams on site: TheiaX, who will undertake hyperspectral surveying at the Merino prospect; and BioApp, who will undertake environmental baseline studies at the key sites for the future development of the Motzfeldt project. Logistical arrangements are now complete, following detailed planning and liaison with the Company's local logistics provider for the past several months. The remaining operational details include final coordination for the handling and onward transportation of the bulk sample to be collected at the Aries deposit. The scope of the field activities remains as set out in the Company's announcement of 30 June 2026 and includes the collection of a bulk sample from the Aries JORC resource area, field-based hyperspectral imaging at Merino and environmental baseline studies across the key project sites. Rougher and cleaner flotation tests have now been completed as part of the Company's first-pass mineralogical and beneficiation programme in South Africa. The resulting concentrates and tailings have been submitted for chemical analysis. Final assays and the complete technical report are expected around the end of July /early August, reflecting the turnaround time at the external assay laboratory. Once the complete dataset has been received, the Company will review the results alongside its technical advisers before determining the scope of the next processing work programme. SRK Consulting's review of the existing metallurgical information, which forms part of their ongoing review of the existing JORC resource for the Aries deposit, will also be completed once these final test work results are available. The Company is in the process of selecting historic drill core for relogging, following consultation with SRK Consulting who worked on the resource drilling programmes at Motzfeldt. The selection will focus on drill core considered most relevant to the current geological model and the future review and development of the existing JORC mineral resource. Arrangements are being progressed with the Greenland authorities for the selected core to be moved from temporary storage to the appropriate facility before the winter period. The Company has been informed that the planned licence-scale satellite remote sensing data acquisition has been partially completed, with the rest of the acquisition to be completed in the coming days. The dataset is being processed by TheiaX GmbH. The resulting outputs are expected to assist in identifying areas of interest for geological follow-up and, where timing permits, to help inform precise bulk sampling activities during the forthcoming field programme. The Company will provide a further update once the data has been processed and reviewed. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 9.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 9.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (107% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£4.05m market cap, or US$5.47m). Announcement • May 05
Alba Mineral Resources plc, Annual General Meeting, May 28, 2026 Alba Mineral Resources plc, Annual General Meeting, May 28, 2026. Location: the registered office, c o arch law limited, huckletree bishopsgate, 8 bishopsgate, ec2n 4bq, london United Kingdom 
