New Deep Mineralised Sequences at McLaren Raise Questions on Resource Scale

• Bonanza-grade intercepts up to 6m at 24.7% heavy minerals
• Discovery of previously untested high-grade mineralised sequences
• All Phase 1 assay results received and incorporated into updated Mineral Resource Estimate
• Resource upgrade to support ongoing Prefeasibility Study
• Titanium asset positioned as strategic mineral for aerospace, defence, and energy sectors

Exceptional Drilling Results Expand Resource Potential

McLaren Minerals Limited (ASX – MML) has delivered a compelling update from its 2025 Phase 1 drilling campaign at the McLaren Titanium Project, located in Western Australia's Eucla Basin. The company announced bonanza-grade intercepts, including a standout 6 metres at 24.7% heavy minerals (HM) from 21 metres depth, confirming the presence of high-value titanium mineralisation beneath previously explored horizons.

These results not only validate McLaren’s geological model but also reveal a previously unrecognised mineralised sequence beneath the traditional marine sediment targets. This deeper, older strand of mineralisation had largely escaped earlier drilling efforts, with around 60% of historic holes either not reaching sufficient depth or not assayed. The discovery significantly broadens the exploration and development potential of the deposit.

Comprehensive Assays Inform Resource Upgrade

All assay results from the Phase 1 program have now been received and are being integrated into an updated Mineral Resource Estimate (MRE). This update is expected to confirm a substantial resource upgrade, reinforcing confidence in the project's scale and quality. The MRE will underpin the Prefeasibility Study (PFS), which is in its final stages, setting the stage for advancing the McLaren Titanium Project towards development.

McLaren’s Managing Director, Simon Finnis, highlighted the significance of the new mineralised sequence, noting that the high-grade mineralisation occurs within highly weathered material below the traditional target zones. This discovery opens up new extensional opportunities both laterally and at depth, with mineralisation remaining open for further exploration.

Strategic Commodity with Growing Global Importance

The McLaren Titanium Project hosts an Indicated and Inferred Resource of 280 million tonnes at 4.8% HM, comprising valuable titanium minerals such as ilmenite, rutile, leucoxene, and zircon. Titanium is increasingly recognised as a critical mineral essential for aerospace, defence, and energy applications, with global supply security becoming a priority.

McLaren Minerals’ ongoing metallurgical test work has demonstrated promising mineralogical separation efficiencies, further supporting the project's economic potential. The company’s strategic focus on titanium positions it well to benefit from rising demand driven by technological and industrial trends.

Looking Ahead

With the Phase 1 drilling results confirming high-grade mineralisation and resource growth potential, McLaren Minerals is poised to deliver an updated Mineral Resource Estimate and Prefeasibility Study that could significantly enhance the project’s valuation. The discovery of new mineralised sequences beneath historical drilling depths suggests that the McLaren deposit may be larger and richer than previously understood, offering exciting upside for investors and stakeholders.

Bottom Line?

McLaren Minerals’ latest drilling success sets the stage for a major resource upgrade, spotlighting a high-value titanium asset with significant growth potential.

Questions in the middle?

• How will the updated Mineral Resource Estimate impact the project’s development timeline and financing?
• What are the next steps for exploring the newly identified deeper mineralised sequences?
• How might evolving global demand for titanium influence McLaren Minerals’ strategic positioning?