Announcement • Jul 29

Dalaroo Metals Limited Completes Ground Penetrating Radar and Single Beam Echo Sounder Surveys At Blue Lagoon Rare Earth Project

Dalaroo Metals Ltd. announced the successful completion of independent Ground Penetrating Radar (GPR) and Single Beam Echo Sounder (SBES) surveys across its 100%-owned Blue Lagoon Rare Earth Project in southern Greenland. The survey results confirm that significant sediment accumulations occur throughout much of the Blue Lagoon shoreline and provide the first detailed subsurface model of the basin. Interpretation of the Ground Penetrating Radar (GPR) survey has confirmed the presence of extensive unconsolidated sediment accumulations surrounding Blue Lagoon, significantly advancing Dalaroo's understanding of the project's sedimentary architecture and reinforcing the Company's source-to-sink exploration model for rare earth mineralisation. The survey investigated five priority target areas where previous surface sampling identified widespread rare earth element (REE), zirconium and hafnium mineralisation. Results demonstrate that the thickest sediment packages occur within Sites A, B and C, where sediment thickness commonly ranges between 30 and 50 metres and, in several locations, extends beyond the effective penetration depth of the GPR system. These deeper zones remain open and may contain even greater sediment accumulations than currently interpreted. The interpreted sedimentary sequences demonstrate that Blue Lagoon hosts extensive sedimentary depocenters capable of preserving large volumes of transported heavy mineral-rich sediments derived from the surrounding alkaline intrusive rocks. The geometry and distribution of these sediment packages are consistent with long-lived depositional environments capable of concentrating resistant heavy minerals, including REE-bearing minerals, zircon and hafnium-bearing phases. Site A: Bedrock interpreted between approximately 2 and 50 metres below surface. Multiple areas approach the effective penetration limit of the GPR system, indicating sediment thickness may locally exceed 50 metres. Represents one of the most significant sediment accumulations identified within the survey and remains open at depth. Site B: Extensive sediment package interpreted between approximately 2 and 50 metres. Displays similar geological characteristics to Site A, with several deeper zones extending beyond the interpreted limits of the GPR data. The continuity of the sediment package suggests a favourable environment for the accumulation of heavy mineral-rich sediments. Site C: Sediment thickness progressively increases towards the shoreline and adjacent peninsula. Bedrock interpreted between approximately 2 and 50 metres below surface. The broad, continuous sediment package highlights another highly prospective area for follow-up exploration. Site D: Moderate sediment accumulation. Bedrock generally interpreted between 1 and 30 metres below surface. Represents a secondary target with potential for localised heavy mineral concentration. Site E: Relatively thin sediment cover. Maximum interpreted sediment thickness of approximately 10 metres. Provides an important comparison with the thicker sedimentary systems identified elsewhere around the lagoon. Overall, the GPR survey confirms the presence of an extensive sedimentary basin surrounding Blue Lagoon and provides the first comprehensive picture of the subsurface architecture of the lagoon system. The identification of widespread sediment packages exceeding 30 metres in thickness, together with several areas potentially extending beyond 50 metres, represents a significant advancement in the Company's understanding of the project. When integrated with geological mapping, surface geochemistry, sediment sampling and forthcoming assay results, these datasets are expected to refine high-priority drill targets and further strengthen Dalaroo's source-to-sink exploration model for rare earth mineralisation. One of the most significant outcomes of the survey was the recognition of numerous sediment-filled valleys extending beyond the currently defined exploration areas. These valleys represent additional source-to-sink transport pathways capable of transporting, concentrating and preserving REE-bearing heavy minerals derived from the surrounding alkaline granites. The GPR survey demonstrates that the Blue Lagoon sedimentary system is considerably larger than originally recognised and extends well beyond the areas currently targeted by exploration. These newly recognised valleys provide multiple high-priority exploration opportunities and will form an important component of Dalaroo's expanded exploration strategy during the 2027 field season. The Company believes these valleys have the potential to host additional heavy mineral accumulations similar to those already identified within the main Blue Lagoon basin, significantly increasing the district-scale potential of the project. Unlike conventional hard-rock rare earth projects, Blue Lagoon is being explored as a sediment-hosted heavy mineral system. In these systems, the thickness and continuity of mineralised sediments are fundamental controls on the potential scale of the project. The GPR survey has now confirmed that extensive sedimentary packages occur throughout the Blue Lagoon basin and has identified additional sediment-filled valleys that significantly expand the Company's exploration search space. In parallel with defining the sedimentary basin, Dalaroo's geological team continues to map and sample the surrounding alkaline intrusive rocks to better understand the source of the rare earth-bearing heavy mineral assemblages and refine the Company's source-to-sink exploration model. The SBES survey successfully mapped the entire Blue Lagoon using ten survey traverses. The resulting bathymetric model provides the first detailed understanding of lagoon depth and basin morphology and will assist in interpreting sediment transport pathways and depositional environments responsible for concentrating heavy mineral sands. When combined with geological mapping, surface geochemistry and sediment thickness data, the survey provides an integrated three-dimensional framework for ongoing exploration. Since acquiring the project, Dalaroo has progressively developed a unique exploration model based on the erosion of REE-enriched alkaline granites into downstream sedimentary environments.

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	1.5yrs

Name	Position	Tenure	Compensation	Ownership
John Arbuckle	Chief Financial Officer	no data	AU$80.28k	no data
John Morgan	Chief Executive Officer	less than a year	no data	no data
Mohammed Niare	President of Business Development	less than a year	no data	no data
James Stephenson	Company Secretary	less than a year	no data	no data

Name	Position	Tenure	Compensation	Ownership
Timothy Wither	Non-Executive Director	less than a year	no data	0.15% € 22.1k
Bilal Ahmad	Non-Executive Director	2.2yrs	AU$127.75k	7.4% € 1.1m
Faheem Ahmed	Director	less than a year	no data	no data
Joshua Gordon	Non-Executive Director	2.2yrs	AU$127.75k	2.79% € 422.7k

Data	Last Updated (UTC time)
Company Analysis	2026/08/09 00:44
End of Day Share Price	2026/08/07 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

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Dalaroo Metals Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.5 million.

New major risk - Shareholder dilution

Dalaroo Metals Limited Completes Ground Penetrating Radar and Single Beam Echo Sounder Surveys At Blue Lagoon Rare Earth Project

Dalaroo Metals Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.75 million.

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