Announcement • Jun 18
London Btc Company Limited Announces It Has Staked the Teep Gold-Silver Project
London BTC Company Limited announced that it has staked the Teep Gold-Silver Project (the "Project", "Teep Project" or "Teep") in Nevada, USA, as part of its US-focused gold hedge strategy. The Teep Gold-Silver project constitutes the third project under the Company's US gold strategy and adds to the previously announced Huntington-Whitman and Amonett-Frank projects in Northern Nevada. The Teep Project extends the Company's portfolio into a productive mining district within the prospective Walker Lane Trend. The three projects are strategically positioned across Nevada's premier gold provinces, each located close to established mining infrastructure, sealed highways and an experienced local workforce. This combination supports Nevada's consistent ranking as the world's leading mining jurisdiction (Fraser Institute, 2025). The initial focus on Nevada, provides the Company with a stable regulatory environment and mining-friendly local jurisdictions with long-standing, productive mining districts. Nevada provides a transparent and consistent pathway to development for new mining projects and actively supports exploration across the state. This environment reduces permitting uncertainty and allows for a clear, predictable timeline for project advancement. Teep is located in the Tokop Mining District of Esmeralda County, southern Nevada, the largest gold-producing state in the United States. The Project lies within the Walker Lane Tectonic Zone, a northwest-trending 40 - 100 km wide structural corridor that hosts several world-class epithermal and intrusion-related precious-metal systems. The Project sits 54 miles (87 km) southwest of Tonopah and 31 miles (50 km) south of the historic Goldfield district, and 224 miles (360 km) south of the Company's Huntington-Whitman and Amonett-Frank projects in northern Nevada. Goldfield District, 31 miles (50 km) to the north, is one of the most productive gold districts in Nevada's history, with recorded production of approximately 3.9 Moz Au1. The historic town is now home to a high number of exploration companies actively exploring the region. Tonopah District, 54 miles (87 km) to the northeast, is the celebrated "Queen of the Silver Camps", with historical production of the order of 174 Moz Ag and >1.88 Moz Au and remains the focus of active silver exploration by several junior companies. Bullfrog & Silicon-Merlin,AngloGold Ashanti (NYSE: AU), 35 miles (56.3 km) to the south-east, is one of the most significant recent gold discoveries in the United States. On 31 December 2025 the Silicon-Merlin project published a measured and indicated + inferred resource of 15.7 Moz Au and 7.8 Moz Ag. AngloGold Ashanti has also attributed significant investment into the North Bullfrog Project. The Bullfrog deposit has historically produced over 2.5 Moz Au2. Round Mountain Mine, Kinross Gold Corporation (NYSE: KGC), in Nye County to the north, is a long-life, large-tonnage open-pit and heap-leach gold operation. On 31 December 2025 the Round Mountain project published probable reserves of 1.89 Moz Au. Kinross added a significant upgraded quality of its Round Mountain reserve during 2025, emphasising the investment potential and the continued attractiveness of the region. Conducted as part of the Company's wider portfolio expansion strategy, the Company's geological consultant, Schiehallion Consulting, completed due diligence over the Teep Project in May 2026. A total of 16 rock chip samples were collected by a qualified geologist and submitted for photon assay analysis at MSALABS. Sample highlights are provided: BTCRK008, 36.90 g/t Au, 730.8 g/t Ag, BTCRK005, 27.66 g/t Au, 1,332.5 g/t Ag, BTCRK010, 16.36 g/t Au, 1,292.1 g/t Ag, BTCRK009, 9.26 g/t Au, 403.2 g/t Ag, BTCRK011, 4.78 g/t Au, 159.1 g/t Ag, BTCRK002, 2.74 g/t Au, 83.0 g/t Ag. MSALABS dried, crushed and pulverised the samples, which were then separated into 500g jars. Utilising Chrysos Corporation's PhotonAssay™ method, results were obtained within days of submission. PhotonAssay™ holds a lower detection limit of 0.015 ppm. Samples were routinely submitted for Fire Assay as part of follow-up QA/QC to confirm the validity of high-grade results. The Project is comprised of 106 unpatented mineral claims over 2,190 acres (8.86 km²). The staked ground focuses on historically targeted stockwork quartz-vein networks. The networks are targeted by 7 shafts, 3 adits and 21 prospect pits. These historical workings define 11 areas of interest hosting potential vein networks over a 3.4-mile (5.5 km) trend. Mineral claims have been staked by Convergent Mining and lodged with the Bureau of Land Management, in line with the Company's low-cost high-quality staking strategy in a tier-1 jurisdiction. Due to the regional mass abandonment of gold mines in 1942, abandoned historical workings from the exploration to production stage within Goldpoint region are common. A review was conducted of government databases, technical literature and historical company reports identified limited follow-up exploration since the 1930s.
