Recent Insider Transactions • Apr 23
Independent Chairman of the Board recently bought CA$231k worth of stock On the 20th of April, James Spence bought around 636k shares on-market at roughly CA$0.36 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Announcement • Apr 15
Adyton Resources Corporation, Annual General Meeting, Jun 24, 2026 Adyton Resources Corporation, Annual General Meeting, Jun 24, 2026. Announcement • Jan 14
Adyton Resources Corporation Announces an Updated NI 43-101 Mineral Resource Estimate for its Wapolu Gold Project on Fergusson Island, Papua New Guinea Adyton Resources Corporation announced an updated NI 43-101 Mineral Resource Estimate (MRE) for its Wapolu gold project on Fergusson Island, Papua New Guinea (PNG). The updated MRE is comprised of 1.0 million tonnes grading 1.00 g/t Au for an indicated resource of 33 koz Au and 12.7 million tonnes grading 0.97 g/t Au for an inferred resource of 393 koz Au. Additionally, development work is fully funded to production through joint venture with EVIH. The effective date of the Wapolu Mineral Resource is 12 December 2025. This Mineral Resource update only affects the Wapolu Exploration Licence, there has been no change to Gameta. The Mineral Resource was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), Definition Standards for Mineral Resources and Reserves, as prepared by the CIM Standing Committee and adopted by CIM Council. The current drill programs at both Wapolu and Gameta are in part designed to test depth and strike extensions (with resources open at depth and along strike) but also importantly to increase resource confidence to enable progress to establish reserve estimates and Mining License (ML) applications. Project Update and Key Next Steps. Adyton's JV partner, EVIH, has completed the current phase of drilling at both WapolU and Gameta. Key activities currently underway include: Finalizing work streams, reports and compensation agreements for the Mining Lease (ML) application. The Technical Report, "NI 43-101 updated Mineral Resource Estimate for the Wapolu Project effective December 12, 2025 will be filed within 45 days of this news release. It currently has a portfolio of highly prospective mineral exploration projects in Papua New Guinea on which it is exploring to expand its identified gold Inferred and Indicated Mineral Resources and expand on its recent significant copper drill intercepts on the 100% owned Feni Island project. See the NI 43-101 technical report entitled "NI 43-101 Technical Report on the Feni Gold-Copper Property, New Ireland Province, Papua New Guinea prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and "qualified person" as defined in NI 43-101. Announcement • Aug 15
Adyton Resources Corporation announced that it has received CAD 20 million in funding On August 13, 2025, Adyton Resources Corporation closed the oversubscribed transaction. The company issued 35,000,000 units at an issue price of CAD 0.40 per unit for gross proceeds of CAD 14,000,000 under brokered private placement and 15,000,000
units at an issue price of CAD 0.40 for gross proceeds of CAD 6,000,000 under non-brokered private placement for aggregate proceeds of CAD 20,000,000. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one share at a price of CAD 0.60 for a period of 24 months following the date of closing. In connection with the offering, the company paid a cash commission to the lead agents equal to 6.5% of the gross proceeds of the offering and also issued to the lead agents an aggregate of 2,275,000 non-transferable compensation options. Each compensation option entitles the holder to acquire one unit at the offering price for a period of 24 months from the date of issuance. No finder’s fees were paid in connection with the non-brokered offering. Two insiders of the company, Sinton Spence and Michael Gray participated in the offering and subscribed for an aggregate of 1,225,775 units. The securities issued pursuant to the offering and the non-brokered offering will be subject to a statutory hold period of four months plus one day from the date of closing, in accordance with applicable securities legislation. The transaction includes participation from the board of directors and management of the company, along with residents of Papua New Guinea. Announcement • Jul 23
Adyton Resources Corporation announced that it expects to receive CAD 10 million in funding Adyton Resources Corp. announced that it has entered into an agreement with Clarus Securities Inc. and PowerOne Capital Markets Limited pursuant to which the Lead Agents will act on behalf of the Company, on a best-efforts agency basis in connection with a brokered private placement of up to 25,000,000 units at a price per Unit of CAD 0.40, for aggregate gross proceeds of up to CAD 10,000,000 on July 22, 2025. Each Unit shall consist of one common share and one-half of one common share purchase warrant. Each Warrant shall entitle the holder to purchase one Share at a price of CAD 0.60 for a period of 24 months following the Closing Date. The Units to be issued under the Offering will be offered pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Closing of the Offering is anticipated to occur on or about August 13, 2025 or such other date as may be agreed to by the Company and Clarus (the "Closing Date"). The securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the Closing Date in accordance with applicable securities legislation. This proposed Offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. Announcement • Jul 14
Adyton Resources Corporation, Annual General Meeting, Sep 17, 2025 Adyton Resources Corporation, Annual General Meeting, Sep 17, 2025. Announcement • Jun 13
Adyton Reports Update on Feni Island Gold-Copper Project Drilling Adyton Resources Corporation provided an update on its ongoing 2025 drilling activities and share preliminary geological observations at its 100% owned Feni Island project. The 2025 drill program is designed to achieve 4 key objectives: 1) Test the depth extension of the existing Feni Resource with deep 400 m plus drill holes; 2) Test the extent of mineralization in the gap area between the existing Kabang and Matangkaka Ore Zones; 3) Test and better understand the continuity of the previously identified copper mineralization, and; 4) Test the lateral northeast extension of the Matangkaka Zone under post-mineral cover, that has had no previous drilling. Highlights: As at June 6, 2025, six diamond drill holes (1,876m) have been drilled with 4 drill holes completed and two in-progress; Sawn core samples from Holes 1,2 and 3 have been dispatched to the laboratory and are awaiting laboratory results; Target hole depths are typically 400m, with holes FDD003 and FDD004 ending at 421.7m and 453.2m, respectively. Hole FDD004 was terminated largely due to operational reasons with end of hole core observations indicating ongoing evidence of vein hosted and disseminated sulphide mineralization; Core logging observations indicate mineralization from base of tephra (post-mineral volcanic cover; ranging from 38m to 70m based on current completed holes) with local intercepts of semi-massive (20%-30% pyrite), along with significant lengths of disseminated, vein and fracture filled pyrite-chalcopyrite mineralization in hydrothermal breccia, polymictic breccia and the intrusive units. Hole FDD004 targets the untested gap between Kabang and Matangkaka. -Anhydrite-pyrite- chalcopyrite (est. 1%) ± minor bornite vein-related mineralization was logged from 383.9m to 453m (EOH). A porphyry style alteration assemblage of secondary biotite-magnetite-actinolite- chalcopyrite was logged from 383.9m to 424m with stockwork pyrite-chalcopyrite-magnetite veining from 383.9m to 397.5m and 402.3m to 424m. Hole FDD005 intersected semi-massive sulphides (20-30%) pyrite + chalcopyrite were logged from 89.7m to 96.0m and intermittent (up to 100 cm thick) semi-massive pyritic sulphide intervals from 120.0m to 156.5m . Intense anhydrite veining associated with fine-grained pyrite + 0.5 to 1% chalcopyrite mineralization from 156.5m to 255.1m. From 255.1m to 340.0m, weak potassic alteration is associated with 1% (est.) disseminated chalcopyrite. Hole FDD001 intersected pyrite mineralized hydrothermal breccia from 75.8m to 151.50m. 151.5m to 168.6m is intensely fractured within hydrothermal breccia, with fine-grained pyritic sulphides filling breccia matrix. Over the interval 168.6m to 396.0m, logged units include intermittent hydrothermal breccia, intrusive units and tephra with disseminated and vein filled pyritic sulphides. Hole FDD002 intersected mineralized hydrothermal breccia from 45.9m to 125.0m. The interval 125.0m to 195.4m is intensely fractured with disseminated and fracture/vein filled fine-grained sulphides (pyrite). FDD002 was terminated in mineralization (at 195.4m) due to operational issues. Hole FDD003 intersected sulphide (pyrite) mineralized hydrothermal breccia from 57.0m to 110.0m. Intensely fractured intrusive with intermittent semi-massive, disseminated, fracture/veinlet filled pyrite - chalcopyrite (up to 1% est.) mineralization was encountered from 110.0m to 186.5m, 197.0m to 218.1m and 227.0m to 277.7m. New Risk • May 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.2m free cash flow). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m (CA$78k revenue, or US$56k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$54.8m market cap, or US$39.6m). Board Change • Apr 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director David Irvine was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
Adyton Resources Corporation Announces Resignation of Chris Wilson from the Board of Directors Adyton Resources Corporation announced that Dr. Chris Wilson has tendered his resignation from the board of directors of the Company, and the board has accepted his resignation. Announcement • Jan 17
Adyton Resources Corporation Announces the Completion of a High-Resolution Drone Magnetic and Topographic Survey of the Feni Island Gold-Copper Project Adyton Resources. Corporation announced the completion of a high-resolution drone magnetic and topographic survey of the Feni Island Gold-Copper Project. The survey was conducted by Geoscan, who deployed UAV drones and high-resolution quantum magnetometers. Highlights: Completion of a 1673 line kilometer geophysical drone survey over Feni Island with emphasis on the Kabang copper-gold mineral resource and Danmagal, Natong and Kapkai Prospects; Acquisition of high-resolution magnetic data and orthomosaic imagery, with post-acquisition data processing and interpretation currently underway; Positive engagement and community support of ongoing programs on Feni and Adyton's commitment to employing and training Feni Island landowners. The magnetic survey was flown on a North-South oriented 50 m spaced line using a 401 quadrocopter drone and Geoshank quantum magnetometer. A number of east-west 'tie lines' were also flown. The data is currently being processed by Southern Geoscience Consultants and Adyton will be updating on key findings shortly. New Risk • Dec 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$53.2m market cap, or US$37.0m). Announcement • Dec 18
Adyton Resources Corporation Announces EVIH Commences Drilling at Fergusson Island Wapolu Gold Project Adyton Resources Corporation announced that Joint Venture partner, EVIH, has commenced drilling at the Company's Wapolu Gold Project on Fergusson Island. Following mobilization by barge from Port Moresby approximately three weeks ago, EVIH has successfully constructed a 20-person camp, established pioneering roads and drill pads, and initiated drilling operations. Two diamond core rigs have been deployed, with plans to operate both rigs continuously on day and night shifts. The Fergusson projects are under a Joint Venture Agreement with EVIH, granting EVIH the right to acquire up to a 50% ownership interest in the project. New Risk • Oct 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 75% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$49.4m market cap, or US$36.1m). Announcement • Oct 01
Adyton Resources Corporation announced that it expects to receive CAD 6.89 million in funding Adyton Resources Corporation announced a non brokered private placement to issue 53,000,000 shares at an issue price of CAD 0.13 per share for the gross proceeds of CAD 6,890,000 on September 30, 2024. The closing of the financing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The shares issued under the financing will be offered pursuant to available prospectus exemptions under applicable securities laws and will be subject to a restricted resale period of four months and one day from issuance, pursuant to applicable Canadian securities laws. Buy Or Sell Opportunity • Sep 30
Now 40% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to CA$0.15. The fair value is estimated to be CA$0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 57% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jun 26
Adyton Identifies Resource Growth Potential with New Untested Drill Targets At the Feni Island Project Adyton Resources Corporation announce the successful completion of a comprehensive geophysical review of its Feni Island project in Papua New Guinea (PNG). The review was conducted by Perth based specialist geoscientist group Southern Geoscience Consultants (SGC) and focused on reprocessing historical airborne magnetic and radiometric data. Significantly, this work defined several tectono-stratigraphic blocks with distinct magnetic and radiometric signatures, confirming that epithermal gold and porphyry-style gold-copper (and associated breccias) are valid exploration targets. Interpretation of geophysical data has for the first time identified several high value exploration targets which have never been drill tested, some of which have associated significant copper gold mineralization in historical surface rock samples. The newly re-processed geophysics has for the first time highlighted that the southwest of the island comprises an intrusive complex which is characterized by multiple intrusive events, some of which have been magnetic destructive. The Kabang Prospect with an Inferred Mineral Resource Estimate of 1.46 Moz Au is located at the northern boundary of this complex in an area of relatively subdued magnetic response between intrusive stocks with higher magnetic response. This geophysical signature has analogies to the Simberi Deposit in PNG and is characteristic of copper-gold epithermal/porphyry systems worldwide. Announcement • Jun 18
Adyton Resources Corporation, Annual General Meeting, Aug 23, 2024 Adyton Resources Corporation, Annual General Meeting, Aug 23, 2024. Announcement • Jun 13
Adyton Resources Corporation Announces Board Changes Adyton Resources Corporation appointed Chris Wilson as a Non-Executive Director to the Board. Dr Wilson's appointment is subject to TSXV approval and fills the vacancy created by the prior resignation of Mr. Anthony Williamson. Dr Wilson, BSc (Hons), PhD, FAusIMM (CP), FSEG, FGS, is a commercially-driven exploration geologist with over 30 years of global experience in area selection and prospect generation, generation of high value mineral exploration targets, and the design and management of large resource definition drilling programs. Dr Wilson has worked in over 80 countries, on most commodities and deposit styles. He has specialist experience with low to intermediate sulphidation epithermal Au-Ag-base metal systems, high sulphidation Au-Cu systems, and porphyry copper-gold systems and associated breccia- and sharn-hosted mineralization. Dr Wilson has extensive project review and target generation experience, with demonstrated ability to integrate and interrogate complex multi-disciplinary datasets, and rapidly identify and test high value targets. Dr Wilson has very strong deposit model knowledge ensuring key controls on mineralization are placed within the wider context of a projects geological, structural and hydrothermal evolution. Dr Wilson has proven ability to lead multi-disciplinary and multi-cultural, high talent teams under diverse cultural and physiographic regimes and is a Qualified Person for JORC and NI 43-10 compliant reporting and valuation. Dr Wilson spent 10 years with Ivanhoe Mines, including Exploration Manager for Ivanhoe Mines Mongolia, where he was responsible for an exploration portfolio of over 11 million hectares. Announcement • Apr 27
Adyton Resources Corporation to Recommence Work Activities on Feni Island Gold/Copper Project Adyton Resources Corporation reported that on closing the recently announced CAD 1.5 million financing, work activities on its 100% owned Feni Island Gold-Copper Project have commenced in earnest with the engagement of globally renowned geophysical and data science group Southern Geoscience Consultants (SGC). Now informed by Adyton's extremely encouraging 2021 drill results, SGC's initial focus will be to reprocess and reinterpret historical geophysics data and interrogate against other technical data sets. Geophysical data sets include: island-wide magnetics, radiometrics, and radar topography; and detailed Induced Polarization (IP). Post-interpretation, relevant core sample intervals will be selected for petrophysical measurements, to better inform and provide a higher level of confidence in the 3D MVI model. This will be the first time the historical geophysical data sets will have been reprocessed using modern algorithms, and coherently investigated with other technical data sets (eg drilling data, assays, surface geochemistry, and surface mapping), producing a singular model of Feni Island. The outcomes will better inform the structural framework at Feni (particularly with regards to structural controls to mineralization), provide optimized locations for detailed follow-up geophysics programs (eg ground or drone based high-resolution geophysical surveys), ultimately leading to a higher confidence optimized planned drill program. As reported to the market on March 27 2024, Adyton continues to engage with an Asian based strategic mining and engineering group with respect to a possible joint venture on its Fergusson Island Gold Projects. Adyton will update the market as and when these discussions reach a conclusion. Announcement • Apr 26
An unknown buyer acquired 5% stake in Adyton Resources Corporation (TSXV:ADY) from Mayur Resources Ltd (ASX:MRL) for CAD0.3 million. An unknown buyer agreed to acquire 5% stake in Adyton Resources Corporation (TSXV:ADY) from Mayur Resources Ltd (ASX:MRL) for CAD0.3 million on April 22, 2024. Prior to the Disposition, Mayur owned 60.8 million Adyton Shares representing approximately 30.5% of the issued and outstanding Adyton Shares on a non-diluted basis and 28.5% on a fully diluted basis. Following the completion of the Disposition, Mayur owned 50.8 million Adyton Shares representing approximately 25.5% of the issued and outstanding Adyton Shares on a non-diluted ??basis and 23.8% on a fully diluted basis.
An unknown buyer completed the acquisition of 5% stake in Adyton Resources Corporation (TSXV:ADY) from Mayur Resources Ltd (ASX:MRL) for CAD0.3 million on April 23, 2024. Announcement • Mar 27
Adyton Resources Corporation announced that it expects to receive CAD 1 million in funding Adyton Resources Corporation announced a non-brokered private placement of 50,000,000 common shares at a issue price of CAD 0.02 per common share for gross proceeds of CAD 1,000,000 on March 27, 2024. The transaction will include participation from insiders of the Company. The closing of the placement is subject to the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The Company may pay finders’ fees in connection with the placement. The shares issued in the placement will be subject to a hold period of four months and one day from the date of issuance under applicable Canadian securities laws. Announcement • Feb 06
Adyton Resources Corporation Announces Resignation of Alan Doyle as Director Adyton Resources Corporation announced that Mr. Alan Doyle has tendered his resignation from the board of directors of the Company, and the board has accepted his resignation. Board Change • Jan 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. MD & Director Tim Crossley is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. MD & Director Tim Crossley is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 19
Adyton Resources Corporation Appoints Mr. Alan Doyle as A Non-Executive Director to the Board Adyton Resources Corporation has appointed Mr. Alan Doyle as a Non-Executive Director to the Board to fill the vacancy created by the prior resignation of Mr. Anthony Williamson. Mr. Doyle will oversee the next phase of the Company's growth and will lead a review of the potential of its existing assets, aid assist in identifying alternate business opportunities and re-focusing the Adyton's activities. Mr. Doyle holds a Bachelor of Geology from Macquarie University with post graduate studies in Mineral Economics and is a member of the Australian Institute of Mines and Metallurgy. He has over 40 years of experience in identifying, developing, financing and managing chrome, iron ore, gold and copper mining projects in South America, Africa, Papua New Guinea and Australia. He co-founded International Ferro Metals; a mining and smelting company which produces 4% of global ferrochrome supply and was listed on the LSE. Mr. Doyle was co-founder of Sydney based Turnbull Doyle Resources, a private equity and investment banking company that listed public companies and raised capital, as well as providing corporate advisory services to mining companies. He is currently the Principal of Africa Pacific Capital, an investment banking and private equity firm, specializing in cross-border transactions in the resources sector. New Risk • Dec 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$266k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$266k free cash flow). Shares are highly illiquid. Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.73m market cap, or US$1.27m). Minor Risk Shareholders have been diluted in the past year (38% increase in shares outstanding). Board Change • Oct 20
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. MD & Director Tim Crossley is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 05
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. MD & Director Tim Crossley is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 21
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. MD & Director Tim Crossley is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 01
Adyton Resources Corporation Announces the Resignation of Anthony Williamson as Board of Director Adyton Resources Corporation announced that Mr. Anthony Williamson has resigned from the board of directors of the Company, and the board has accepted his resignation. Board Change • Jun 28
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. MD & Director Tim Crossley is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 26
Adyton Resources Corporation announced that it has received CAD 0.4 million in funding from Mayur Resources Ltd On January 25, 2023, Adyton Resources Corporation closed the transaction. The transaction was oversubscribed. The transaction included participation from Mayur Resources Ltd, a control person of the company, and certain directors and officers of the company. The financing remains subject to final acceptance by the TSX Venture Exchange. Announcement • Dec 02
Adyton Resources Corporation announced that it expects to receive CAD 0.4 million in funding Adyton Resources Corporation announced a non brokered private placement of up to 20,000,000 common shares at a price of CAD 0.02 per share for gross proceeds of up to CAD 400,000 on December 1, 2022. The transaction may include participation from Mayur Resources Limited, and certain directors and officers. The transaction is expected to close by the end of December 2022. All the shares issued pursuant to the Offering will be subject to a four-month restricted resale period under Canadian securities laws. The transaction is subject to certain conditions including, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. MD & Director Tim Crossley is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • May 19
Adyton Resources Corporation, Annual General Meeting, Jul 18, 2022 Adyton Resources Corporation, Annual General Meeting, Jul 18, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director David Irvine was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
Adyton Resources Corporation Reports Petrology Work Carried Out on the Highly Successful Diamond Drill Hole ADK004 Adyton Resources Corporation reported that petrology work carried out on the highly successful diamond drill hole ADK004 supports the existence of two styles of mineralization – a shallower epithermal style overprinting an earlier porphyry mineralization event, confirming that in a highly mineralized system. Petrological work carried out by Mintex Petrological Solutions on 14 drill core samples has confirmed the geological understanding that two styles of mineralization exist at the Kabang prospect. The first nine shallower samples show epithermal characteristics with pervasive adularia alteration overprinted by kaolinite-dickite and alunite (advanced argillic) alteration with variable paragenetically late pyrite-chalcopyrite-arsenopyrite mineralization in veins (azurite was observed in one sample). The five deeper samples are plagioclase-phyric phenocryst-rich diorite porphyries with occasional apatite phenocrysts. These brecciated porphyries are chalcopyrite-rich with chalcopyrite replacement of clasts and matrix, as well as mineralized thin quartz veins indicative of porphyry style mineralization. Overall, the shallower samples from this deeper suite of rocks show adularia (potassic) alteration overprinted by advanced argillic alteration (hosting the shallower epithermal gold zone), and the deeper samples also have an advanced argillic overprint into the porphyry system (hosting the underlying porphyry copper /gold mineralization). Announcement • Feb 10
Adyton Resources Corporation Reports the Exploration License At Feni Island Project in Papua New Guinea Renewed for A Two Year Period from August 2020 Adyton Resources Corporation reported the Exploration License at its 100% owned Feni Island Project (Feni) in Papua New Guinea has been renewed for a two year period from August 2020. The Feni Project: The Company’s maiden drilling program of five diamond holes (1,982m) at Feni was completed in late 2021 (seeTSXV Announcement 01 December 2021: Adyton hits significant copper at FeniIsland 6.4m@5.1% Cu(including3.6m@6.9% Cu)). The initial objectives of the program were to expand the gold resource as well as test various induced polarisation (IP) geophysical anomalies testing for the potential of a copper porphyry system. Multi-element assays contained significant copper intersections from hole ADK004, drilled in the Matangkaka area, in two zones – a shallower disseminated zone of copper mineralization followed by a zone of massive sulphide copper mineralization: MassivesulphideCu+Au Interval: 6.4m(149.7to156.1m)@5.1% Cu&1.6g/tAu; Incl 3.6m (151.5 to 155.1m) @ 6.9% Cu & 2.1g/t Au; Incl 0.7m(154.4to155.1m)@14.5% Cu&2.4g/tAu. DisseminatedCu+Au Interval: 35.9m (70.7 to 106.6m) @ 0.3% Cu & 1.1g/t Au. In terms of gold only, Hole ADK004 previously reported several significant Au intersections as follows: Hole ADK004 drilled 500m north of holes ADK001 and ADK003 intersected 84.10m (72.0 – 156.1m) @0.96g/tAu, including 10m (74.0 – 84.0m) @ 1.41 g/t Au; 15.60m (91.0 – 106.6m) @ 1.20 g/t Au; 4.60m (151.5 – 156.1m) @ 2.00 g/t Au and 1m (335.0 – 336.0m) @ 5.24 g/t Au. At Kabang, 500m to the south of ADK004 (Figure 2) significant intersections of mineralization were recorded in all three holes drilled in this area: Hole ADK001 intersected gold from surface 144.80m (1.0 – 145.8m) @0.8g/tAu, including 42.70m (48.3 – 91.0m) @1.33g/tAu; 28m (63.0 – 91.0m)@1.60g/tAu and 5m (70.0 – 75.0m) @2.96g/tAu and a shallow copper intersection of 16m (7.0 – 23.0m) @ 0.3% Cu. Hole ADK002 intersected 10.0m (45.0 – 55.0m) @ 0.6 g/t Au. Hole ADK003 intersected 84m (55.0 – 139.0m) @ 0.6 g/t Au, including 2m (55.0 – 57.0) @ 1.36 g/t Au; 3m (61.0 – 64.0m) @ 1.16 g/t Au; 6m (93.0 – 99.0m) @ 0.96 g/t Au and 15m (124.0m – 139.0m) @ 1.26 g/t Au. These results validate the company’s geological model that Feni Island has the potential to host zones of significant porphyry copper and gold and epithermal gold mineralization within the highly mineralized Kabang 1.5km long structural corridor. Other significant conclusions from the drill program included: The initial results from the first five holes are very encouraging, confirming the potential for higher grade gold and copper ore zones within a broader mineralised gold envelope. The short programs at Kabang and Matangkaka provide further impetus for the next phase of work which will be focused on resource extensions and testing the depth potential along the more than 1.5 kms strike extent. The IP modelling is clearly picking out the strong “pyrite halo” around the porphyritic intrusive which is encouraging as the gold appears to sit above and within this zone. The company considers that following the success of the short initial diamond drilling program, there is a significant discovery to be made in the Kabang structural corridor with a focused IP program to refine targets followed by drilling along the 1.5km long by 500m wide zone. There are a number of other prospects that also need following up, which will be further defined in future work programs. Announcement • Feb 08
Adyton Resources Corporation Announces Executive Changes Adyton Resources Corporation has appointed experienced mining professional Mr. Anthony Williamson to its Board as a Non-Executive Director, subject to the approval of the TSX Venture exchange. As Director of Mining with the PNG Department of Mining from 1999 until 2004, he was responsible for the administration of several multi-billion-dollar projects as well as all aspects of mineral licensing, mine safety and landowner liaison. The role also included an alternate directorship of Ok Tedi Mining Limited. The Adyton Board also announced that Mr. Rod Watt has agreed to resume his position as the Adyton’s Chief Geologist. Mr. Watt managed the highly successful exploration programs undertaken by Adyton at its Fergusson Island and Feni Projects during 2021. Announcement • Dec 05
Adyton Resources Corporation announced that it expects to receive CAD 4 million in funding Adyton Resources Corporation announced a best efforts private placement of 80,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 4,000,000 on December 3, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one share at an exercise price of CAD 0.06 per share, for a period of 36 months following the closing of the transaction. The company expects to close the transaction on or about December 21, 2021. The transaction is subject to all the regulatory approvals and the approval of TSX Venture Exchange. Announcement • Dec 03
Adyton Resources Corporation Hits Significant Copper At Feni Island 6.4M @ 5.1% Cu (Including 3.6M @ 6.9% Cu) Adyton Resources Corporation has reported significant copper assays from hole ADK004 at its 100% owned Feni Island Project (Feni) in Papua New Guinea. The Company's maiden drilling program of five diamond holes (1,982m) at Feni was completed in September. The initial objectives of the program were to expand the gold resource as well as test various induced polarisation (IP) anomalies for the potential of a copper porphyry system. Multi-element assays have now been returned with significant copper intersections being recorded from hole ADK004 in two zones – a shallower disseminated zone of copper mineralization followed by a zone of massive sulphide copper mineralization: Disseminated Cu + Au: 35.9m (70.7 to 106.6m) @ 0.3% Cu & 1.1g/t AuMassive sulphide Cu + Au: 6.4m (149.7 to 156.1m) @ 5.1% Cu & 1.6g/t Au; Incl: 3.6m (151.5 to 155.1m) @ 6.9% Cu & 2.1g/t Au; Incl: 0.7m (154.4 to 155.1m) @ 14.5% Cu & 2.4g/t Au.These results validate the company’s geological model that Feni Island has the potential to host zones of significant copper mineralization within the highly mineralized Kabang structural corridor. As previously reported, all five holes returned significant intersections of gold mineralization including: Hole ADK001 intersected gold from surface 144.80m (1.0 – 145.8m) @ 0.8 g/t Au, including 42.70m (48.3 – 91.0m) @ 1.33 g/t Au; 28m (63.0 – 91.0m) @1.60 g/t Au and 5m (70.0 – 75.0m) @ 2.96 g/t Au and a shallow copper intersection of 16m (7.0 – 23.0m) @ 0.3% Cu. Hole ADK003 intersected 84m (55.0 – 139.0m) @ 0.6 g/t Au, including 2m (55.0 – 57.0) @ 1.36 g/t Au; 3m (61.0 – 64.0m) @ 1.16 g/t Au; 6m (93.0 – 99.0m) @ 0.96 g/t Au and 15m (124.0m – 139.0m) @ 1.26 g/t Au. Hole ADK004 drilled 500m north of holes ADK001 and ADK003 intersected 84.10m (72.0 – 156.1m) @ 0.96 g/t Au, including 10m (74.0 – 84.0m) @ 1.41 g/t Au; 15.60m (91.0 – 106.6m) @ 1.20 g/t Au; 4.60m (151.5 – 156.1m) @ 2.00 g/t Au and 1m (335.0 – 336.0m) @ 5.24 g/t Au. Announcement • Nov 27
Adyton Resources Corporation Announces Filing of Fergusson Island and Feni Island Technical Reports Adyton Resources Corporation announced that it has filed on SEDAR, National Instrument 43-101 Standards of Disclosure for Mineral Projects technical reports with respect to the new Mineral Resource estimates for the Company's 100% owned Fergusson Island and Feni Island Projects. The technical reports entitled "NI 43-101 Technical Report on the Fergusson Gold Property, Milne Bay Province, Papua New Guinea" and "NI 43-101 Technical Report on the Feni Gold-Copper Property, New Ireland Province, Papua New Guinea" have an effective date of October 14, 2021 and support the Mineral Resource estimates for the Fergusson Island and Feni Island projects released on October 14, 2021. Key highlights from the technical reports include: An 88% increase in total gold ounces across the company's 100% owned Fergusson Island Gold Project and Feni Gold and Copper Project, located within Papua New Guinea's renowned "Rim ofFire". Fergusson Island maiden Indicated Resource of 175,000 gold ounces at 1.33 grams/tonne and Inferred Resource increased by 33% to 540,000 gold ounces at 1.08 g/t. Feni Island Inferred Resource increased by 123% to 1,460,000 gold ounces at 0.75 g/t. The scientific and technical content of this press release has been reviewed by Rod Watt, BSc Hons, FAusIMM, Chief Geologist and a director of Adyton Resources Corporation, who is a "Qualified Person" as defined by NI 43-101. Announcement • Sep 24
Adyton Resources Corporation Provides Update on the Exploration Potential Being Assessed at its 100% Owned Fergusson Island Projects Adyton Resources Corporation provided an update on the exploration potential being assessed at its 100% owned Fergusson Island projects, located within Papua New Guinea’s renowned “Rim of Fire”. Exploration Target Overview: Gameta (100% owned): At Gameta significant potential exists for additional discoveries (to build on existing Resource ounces) to be made to the south-east of the known Gameta deposit, extending beyond the limit of the current resources (The “Untested Southern area”) and to the north-east along the eastern margin to the resource (“North-East margin Target Area”) beneath historical shallow RC drilling – this north-east margin area is where successful drilling by Adyton has already led to the discovery of a new high grade ore zone. Wapolu (100% Owned): At the nearby Wapolu deposit 30 Km away from Gameta significant potential exists to extend the Resource at depth and along strike to the west along strike of the detachment fault zone (mineralisation host) following up on anomalous historical stream sediment and soil sampling results - this will be one of the priority drill areas in the next drilling campaign. The area to the immediate west of Wapolu (Laimomo) has previously been identified as hosting anomalous gold at surface, and the high-grade stream sediment samples will be followed up as a priority. The area west of Wapolu (Laimomo Prospect) is dominated by the northeast trending shallow westward dipping Kwakwau Fault defining the contact between footwall metamorphics and hanging wall ultra-mafics /colluvium. Costeaning and trenching have been carried out in the early 1990’s and which showed the mineralisation to parallel the ultramafic and metamorphic contact (i.e. similar structural setting and controls as seen at Gameta and Wapolu). Historical trench samples returned 5m @ 6.35g/t Au and 30m @ 0.93g/t Au, and historical scout drilling returned widespread anomalous results to 4m @ 1.6g/t Au. A second gold anomalous zone returned 5m @ 10g/t Au; 4m @ 3.6g/t Au and 6m @ 1.57g/t Au. Several smaller targets have also been reported and represent additional Au vein targets. Geologically the contact shear zone (the DFZ) extends and is continuous through the Wapolu deposit, hence the potential exists for resource additions with a proper planned drill program as part of the next stage of the exploration of the larger Wapolu area. The Mwanaikwa Zone (Laimomo Prospect) is interpreted to cover an area 550m long by 150m wide delineated by a strong gold and arsenic soil anomalies using a 0.05 ppm contour (with values up to 0.78 g/t Au) and As using a 400ppm contour (with values up to 2,460ppm) anomaly. Further exploration at both Gameta and Wapolu clearly has the potential to add significantly to the existing resources which will be a focus of the next drilling campaign. Oredi Creek (100% Owned): Oredi Creek is the third tenement Adyton has on Fergusson Island. The tenement is highly prospective for high grade epithermal bonanza style-gold mineralisation with associated widespread epithermal alteration focused along the Oredi Fault Zone. Announcement • Sep 10
Adyton Resources Corporation Announces Results from it's Maiden Diamond Drilling at its 100% Owned Wapolu Deposit Exceeded Historical Drilling Results Adyton Resources Corporation announced results from Adyton’s maiden diamond drilling at its 100% owned Wapolu deposit exceeded historical drilling results. Significant intersections from surface included: ADW001: 26m (0-26m) @ 1.79g/t, incl 9m @ 2.94g/t and 4m @ 3.16g/t, ADW002: 17m (4-21m) @ 1.86 g/t, incl 9.2m @ 2.30g/t, ADW003: 6m (1-7m) @ 2.25 and 2.50m (17.5–20m) @ 2.50g/t, ADW004: 4m (8-12m) @ 2.90g/t and 7.4m (14.6-22m) @ 1.62g/t, ADW005: 11.7m (10—21.7m) @ 1.60g/t. High quality drill targets identified to the south of the existing resource envelope will be followed up together with high quality targets identified at the Gameta deposit in the next phase of drilling on Fergusson Island. Wapolu is approximately 30km from the Gameta deposit. Adyton is accelerating technical studies for the development of consolidated Fergusson Island project incorporating the Gameta, Wapolu and Oredi Creek deposits. A short 350m five-hole diamond drilling program was carried out at the Wapolu deposit following completion of the Gameta drilling program in early July. This program was proposed as an additional exploration program following the early completion of the Gameta drilling. The aims of this program were to confirm results of previous drilling carried out in the 1990’s by twinning previously drilled holes (note no exact collar location nor previous drill core exists), test continuity and confidence of the mineralised zone and to provide samples for a preliminary metallurgical testing program. The objectives were achieved with five holes being completed for 320.90m drilled. A number of significant intersections were recorded. When combined with the results of the successful drilling program at Gameta, the Wapolu results further enhance the development potential of the Fergusson Island deposits. Announcement • Jun 15
Adyton Resources Corporation Mobilises Diamond Drilling Rig At Wapolu Gold Project on Fergusson Island Adyton Resources Corporation announced the mobilisation of the drilling rig at its 100% owned Wapolu Gold project located approximately 30km north-west from its 100% owned Gameta Gold Project on Fergusson Island and within Papua New Guinea’s renowned “Rim of Fire”. With the completion of the initial Gameta drill program seven weeks ahead of schedule, a diamond drill rig has been deployed for a short infill program at the Wapolu project to confirm certain historical reverse circulation drilling results and to obtain samples for a metallurgical test work program. Adyton also advises that the second diamond drilling rig previously located at Gameta has arrived at the Feni Island project. There are now two diamond drill rigs in place at Feni Island with drilling anticipated to commence shortly. The mineralisation model developed for Wapolu is that the gold is associated with hydrothermal fluids, concentrated in shallow-dipping deposits within or immediately adjacent to a detachment fault zone (DFZ) developed along a contact between a domed metamorphic basement and an overlying ultramafic unit. This is the same model as for Gameta, the sister deposit located 30kms away (the subject of Adyton’s recent drilling programs). This general setting is analogous to such deposits as Misima in PNG and Mesquite and Picacho in California. The gold occurs in association with fine sulphides as disseminations and in epithermal quartz veins in lensoid zones parallel to the DFZ. Announcement • Jun 12
Adyton Resources Corporation Reports Silver Potential with 2.7M @ 34 G/T Ag Complementing Recently Reported High Grade Gold Results Adyton Resources Corporation reported that multi-element analysis of drill core samples from the diamond drilling program at its 100% owned Gameta Gold Project have confirmed the potential for the Gameta project to contain a significant silver resource /Ag credit. Various historical technical studies have identified the potential for silver to be present within higher grade gold zones on the Fergusson Island deposits. In addition, high silver grades were intersected within some of the higher-grade gold zones reported in diamond drilling carried out in the early 2000’s. To confirm the silver potential of the Gameta project, a complete multi-element analysis of drill core samples (“Multi Element Analysis”) from the current drill program is being undertaken in addition to the lead collection fire assays which are undertaken to analyse the gold content of the drill core samples (“Gold Assays”). The Gold Assays are performed at the Intertek laboratories in Lae in Papua New Guinea, after which the samples are shipped to laboratories in Australia for the multi-element analysis. The reporting of silver assays for a drill hole therefore occurs sometime after gold assays are reported for that drill hole. Announcement • Jun 09
Adyton Resources Corporation Reports 6.2m @ 5.58g/t Au from Gameta Drill Program Adyton Resources Corporation provided an update on the current diamond drilling program at its 100% owned Gameta Gold Project on Fergusson Island, located within Papua New Guinea's renowned "Rim of Fire". The assay results reported in this release continue to confirm or exceed the results of historical RC drilling and increase the confidence in the existing geological model. The Gameta drill program was focussed on the northern third of the resource zone and had the dual objectives of increasing the confidence in, and continuity of, the existing resources. The drill program concluded on June 4, 2021, seven weeks ahead of schedule. Thirty eight diamond drill holes were completed (ADD001 to ADD038) for a total of 3,381m. The diamond drilling program at the Gameta Project was designed to test the continuity of mineralisation within the DFZ and below into the gneissic footwall, and to increase confidence in historical assay results within the existing inferred resource envelope from RC drilling conducted in the mid-1990's. The drilling was focussed on the northern third ("the northern ore zone") of the known resources with a strike extent of over 700m being tested (note the resource zone itself occurs over a strike interval of 2,000m). Testing targeted the shallower open pitable material, with drilling generally less than 120m and aimed to provide confirmatory data to support the results from historical RC drilling programs ahead of an expected resource upgrade in Third Quarter 2021. Some extensional drilling was also part of the program, testing below and down dip from known resources. Current Drilling: The Gameta drill program concluded on June 4, 2021, seven weeks ahead of schedule. 38 diamond drill holes were completed (ADD001 to ADD038) for a total of 3,381m. Results have been returned from Holes ADD001 to 023, with significant high-grade gold intercepts being recorded on holes ADD001, 002, 003 and 006 and ADD010, 015, 016 and 022 reported in this release. In general, the results support previous drilling and in places enhance the results of the historical RC drilling. (e.g., ADD010). ADD015 (Az 400; -800 dip; EOH 86m) intersected two zones of mineralisation, extending the mineralised area identified from previous drilling. ADD010 (2200; dip -700; EOH 87.4m) returned a significant intersection down dip from previous drilling, extending the high-grade resource in this area. This area has further been followed up in hole ADD033, for which results are awaited. Completion of Gameta drill program and targeted drill program for the Wapolu Project: With the completion of the Gameta drill program, the drill rigs are in the process of being demobilised. One rig is to be used for a short infill program at the Wapolu project, sampling the main areas for geological information and samples for metallurgical test work. Announcement • Jun 03
Adyton Resources Announces Mobilisation at Feni Island; Maiden Copper Gold Diamond Core Drilling Program Adyton Resources Corporation announce that the mobilisation of the drilling program at its 100% owned Feni Island Copper Gold project has commenced with equipment and key team members now on site. Feni Island has a 650,000 oz Au Inferred Resource and is in a Tier 1 region along a mineral belt containing the world class Simberi, Lihir, and Panguna gold and copper projects. The project hosts a number of spectacular targets. The program at Feni Island is planned to comprise approximately 10 diamond drill holes for 3,000 metres, with the first holes expected to average around 500 metres each. These initial holes will focus on the largely untested copper porphyry targets identified from recent 3D IP modelling as well testing extensions to the existing epithermal gold Inferred Resource. Qualified Person: The scientific and technical information contained in this press release has been prepared, reviewed, and approved by Rod Watt, BSc Hons (Geo), FAusIMM, Chief Geologist and a director of Adyton, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Adyton Resources Corp. press release dated June 3, 2021: “The technical information in this press release has been reviewed and approved by Rod Watt, who is a Fellow of the Australian Institute of Mining and Metallurgy (FAusIMM) and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI43-101). Mr. Watt consents to the inclusion of his name in this release. Mr. Watt verified the data disclosed in this press release in accordance with industry standard best practices, including sampling, analytical, and test data underlying the information or opinions contained herein. Announcement • May 27
Adyton Reports 18.1M @ 4.88G/T Au; Further High Grade Gold Intersections Report At Gameta Gold Project Adyton Resources Corporation provided an update on the current diamond drilling program at its 100% owned Gameta Gold Project on Fergusson Island, located within Papua New Guinea’s renowned “Rim of Fire”. The assay results reported in this release continue to confirm or exceed the results of historical RC drilling and increase the confidence in the existing geological model. Recent results have confirmed the existence of a higher-grade zone of gold mineralisation. Encouragingly, ADD006 intersected 18.1m @ 4.88 g/t Au (from 60.7m), which is significantly higher than intersections returned by nearby historical RC drill holes The above results are a continuation of the recently announced holes (TSX-V announcement dated 5 May 2021) which included 18.30m@ 2.65 g/t Au, 27.20m @ 4.38 g/t Au, and 5m @ 2.01 g/t Au. The current results confirm or exceed historical RC drilling results and are expected to support an increase in the confidence in the existing Inferred Resource for the Gameta Project. Holes ADD005 and 007 confirmed the outcropping at surface nature of the mineralisation leading to confidence in existing resource models, and ADD004 and ADD008 were drilled on the margin of the existing resources to close off the ore boundaries in these areas as part of various parameters relating to technical studies being commenced. The recent drilling results have led to an extension to the initial drilling program with a further 6 holes for circa 400 metres, testing extensions to the existing Resource at Gameta. This release reports on the drill assay results from five diamond drill (“DD”) holes, and when combined with previously reported assay results, Adyton has received assay results from eight of the forty planned holes totalling circa 3,400 metres. In addition, a limited, targeted 400m diamond drill program has been accelerated for the 100% owned Wapolu project also located circa 30km north-west of Gameta on Fergusson Island to provide core samples for technical studies (geotechnical and metallurgical) and to confirm previous historical RC drilling. Announcement • May 06
Adyton Resources Corporation Announces High Grade Gold Intersections from Drilling at Gameta Gold Project Adyton Resources Corporation provided an update on drilling results from its initial 3,000m diamond drilling program at its 100% owned Gameta Gold Project on Fergusson Island, located within Papua New Guinea’s renowned “Rim of Fire”. Geological Overview: Fergusson Island is one of the D’Entrecasteaux Islands, which are in the western end of the Woodlark extension (Woodlark Basin). Adyton has three separate exploration projects on Fergusson Island: The Gameta Gold Project, which currently has a 360,000 ounce gold (oz Au) inferred mineral resource. The Wapolu Project, which currently has a 140,000 oz Au inferred mineral resource. Oredi Creek has widespread epithermal gold mineralization associated with a fault zone with rock chips up to 1.4 g/t Au and a drill intersection of 70m @ 0.5 g/t Au from previous drilling programs. Importantly, this project, although early stage, adds significant strategic value to the Adyton landholding position on Fergusson Island. The geological setting is dominated by Miocene-Recent crustal thinning created by extension (stretching) of the crust. This thinning has resulted in doming of metamorphic core complexes separated from an over-thrusted sub-seafloor oceanic mantle by a decollement (Detachment Fault Zone or DFZ), overlaying ultramafic rocks of the obducted block. Gold mineralization is hosted in the DFZ and within the footwall dioritic gneiss and appears to be both fracture- and dyke-related, plus sulphide-hosted. The mineralization model for Gameta and Wapolu suggests that gold is associated with hydrothermal fluids and is concentrated in shallow-dipping deposits within or immediately adjacent to the DFZ, which bounds the metamorphic core complexes. This general setting is analogous to such deposits as Misima in PNG and Mesquite and Picacho in California. The gold occurs in association with fine sulphides as disseminations and in epithermal quartz veins in lensoid zones parallel to the DFZ. Drill Program Overview: The current diamond drilling program at the Gameta Project is testing continuity of mineralization within the DFZ and below into the gneissic footwall, as well as increasing confidence on previous RC drilling programs from the mid-1990’s within the existing inferred resource envelope. The drilling is focussed on the northern third (“the northern ore zone”) of the known resources with a strike extent of over 700m being tested (note the resource zone itself occurs over a strike interval of 2,000m). Testing is targeting the shallower open pitable material, with drilling generally less than 120m and aims to provide confirmatory data to support the results from historical RC drilling programs ahead of an expected resource upgrade in Third Quarter 2021. “Northern Target Area” - Drill Hole Plan. Hole ADD001 (Az 0400, -750 dip, EOH 75.7m) was proposed to test the Detachment Fault Zone (DFZ) and had a significant intersection of: ADD001: 18.30m (20-38.3m) @ 2.65 g/t Au. Incl 13.30m (25-28.3) @ 3.18 g/t Au. Incl 5.20m (28-33.20) @ 4.71 g/t Au. The DFZ was intersected between 9-37m before entering the gneissic footwall at 36.9m. These results are encouraging as they have confirmed historical higher grade intersections within the DFZ in the northern area through diamond drill core. On the same section, Hole ADD003 (Az 2200, -550 dip, EOH 60.4m) was drilled at 180 degrees to AD001 from the same drill pad and perpendicular (true width) to the dip of the DFZ, and reported intersections of: ADD003: 5m (10.5-15.5m) @ 2.01 g/t Au. 1m (41-42m) @ 5.78 g/t Au In ADD003, the DFZ was intersected between 9-16m before passing into fractured gneiss and intrusive dykes. As in ADD001, ADD003 confirmed the continuity and grade of earlier RC drilling, increasing confidence in the drilling information used in the historical inferred resource estimate. The high-grade intersections in both AD001 & ADD003 are being tested further in this initial 3,000m drilling program. Cross section - drill holes ADD001 and AD003 and historical drill holes: Hole ADD 002(Az 0400, -650 dip, EOH 85.2m) was located approximately 80m to the south-east of ADD001 and intersected the DFZ between 5.2-31.5m before passing into footwall mafic and felsic gneiss. Hole ADD002 was particularly encouraging as the significant high-grade intersections returned confirm previous high grade RC drilling intersections and identified the potential for a higher-grade core to the resource which will be defined through additional drilling: ADD002: 27.20m (5-32.2m) @ 4.38 g/t Au. Incl 13.2m (19-32.2m) @ 6.74 g/t Au. Incl 5.0m (19-24m) @ 6.33 g/t Au. Incl 4.3m (27.2-31.5m) @ 12.3 g/t Au. Cross section - drill hole ADD002 and historical drill holes: As part of the initial drilling program, preliminary technical studies have also commenced to further identify scope for possible accelerated production scenarios. Drilling on the Company’s 100% owned Feni Copper – Gold Project which has a 650,000 oz Au Inferred Resource and is in a Tier 1 region along a mineral belt containing the world class Simberi, Lihir, and Panguna gold and copper projects remains on track to commence in the June quarter with an estimated mobilization date in mid-May. 