Announcement • 11h
Adyton Resources Corporation Receives Approval for 20,000 Tonne Bulk Sample Extraction and Processing At Wapolu Gold Project Adyton Resources Corporation had the Mineral Resources Authority (MRA) approve Adyton's application to vary Exploration Licence EL 2549, enabling bulk sample extraction and processing at the Wapolu Gold Project as part of preparations for the recommencement of mining operations. The approved variation permits the extraction and on-site processing of a bulk sample of approximately 20,000 tonnes for the purposes of process flow sheet optimisation, metallurgical testing, and the production of bulk concentrate samples for customer evaluation and product qualification. The approval of the Exploration Licence variation to enable bulk sampling is an important step forward in the strategy to restart mining operations at Wapolu. The ability to mobilise ahead of Mining Lease approval enables acceleration of key development activities including, metallurgical testing, process optimisation and the production of concentrate samples for customer qualification and pricing. The approval keeps the company on track as it works to unlock the value of this high-quality gold project and progress Wapolu towards production. Exploration Licence (EL) 2549, which hosts the Wapolu Gold Project, is currently the subject of an Environment Permit application, Mining Lease Application (ML) 1390, and Lease for Mining Purposes (LMP) 152. Together, these statutory approvals are intended to support the recommencement of mining operations at the historic Wapolu Mine. The ML application covers the proposed mining and processing activities, while the LMP application relates to supporting infrastructure, including facilities such as airstrips and associated project infrastructure. The Mine Warden's Hearing for ML 1390 was recently completed, representing a significant milestone in the permitting process and demonstrating continued progress toward securing the approvals required to restart mining operations. The approved variation to EL 2549 will enable Adyton to undertake advanced development and testing activities on the ground while the Environment Permit, Mining Lease and LMP applications continue through the approval process. New Risk • May 28
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$9.6m 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$9.6m free cash flow). Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m (CA$93k revenue, or US$67k). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€66.6m market cap, or US$77.6m). 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. 