Altitude Minerals Accelerates Exploration with New Acquisitions and Drilling Programs

Strategic Acquisitions Expand Exploration Footprint

Altitude Minerals Ltd (ASX, ATT) has marked the close of 2025 with significant progress, notably completing the acquisition of the Firenze Silver & Gold Project in Nevada and the Theseus Copper-Gold Project in New South Wales. These additions provide the company with a robust pipeline of high-quality targets in two of the world’s most favourable mining jurisdictions.

The Firenze Project, located in Nevada; a jurisdiction ranked second globally for mining investment attractiveness; offers a rare, never-before-drilled silver and gold system. Historical rock chip samples have returned bonanza-grade silver and gold values, underscoring the project's potential. Altitude has already initiated detailed geophysical surveys and soil sampling, laying the groundwork for a planned 2,500-metre reverse circulation drilling program in early 2026.

Drilling Programs Target Copper-Gold and Heavy Minerals

In New South Wales, Altitude’s exploration team has been busy at the Byrock Project within the Macquarie Arc, a region renowned for its world-class copper-gold deposits. The company completed 2,646 metres of drilling across eight high-priority porphyry copper-gold targets, with assay results pending. This drilling was partially supported by an $80,000 grant from the NSW Government’s Critical Minerals and High-Tech Metals Exploration Program.

Simultaneously, Altitude confirmed the prospectivity of heavy mineral sands at its Eromanga Project in South Australia. A 4,072-metre aircore drilling program across Nilpinna, Eddy, and Douglas Creek tenements returned heavy mineral grades exceeding 1%, with some intervals reaching up to 12.5%. These results validate the presence of a promising marine sequence and set the stage for targeted follow-up exploration.

Corporate Developments and Financial Position

Corporate activity included the retirement of Non-Executive Director Greg Hall in October 2025, with the board acknowledging his valuable contributions during a period of portfolio expansion. Financially, Altitude Minerals ended the quarter with a cash balance of $1.9 million, positioning the company to sustain its exploration momentum into 2026.

Managing Director Duncan Chessell expressed optimism about the year ahead, highlighting the excitement around emerging copper-gold targets at Theseus and the untapped potential of the Firenze Project. The company plans to prioritise drill targets across its portfolio to maximise shareholder value as assay results come in.