Black Canyon’s KR2 Drilling Boosts Resource Confidence and Project Outlook

• Infill RC drilling at KR2 returns multiple thick manganese-enriched shale intercepts
• Potential upgrade of KR2 Mineral Resource from 24Mt Inferred at 11.9% Mn to higher confidence Indicated category
• KR2 resource upgrade could accelerate mining schedule and enhance cash flow in updated Scoping Study
• KR2 mineralisation remains open to the north-west with significant strike and width