Luanga

Flagship 100%-owned palladium-platinum-rhodium (PGM), gold and nickel deposit in the Carajás Mineral Province of Pará State, Brazil, held over a 7,810-hectare mining exploration licence (ANM tenement 851.966/1992) through subsidiary Bravo Mineração. Acquired from Vale via an option exercised in January 2021. A total of 392 diamond drill holes (82,472.9 m) across a completed four-phase work program support an updated NI 43-101 mineral resource (effective February 18, 2025, 0.5 g/t PdEq cut-off) reported within an optimized open-pit shell. A July 2025 PEA evaluated a Base Case (flotation concentrate sales) and an Alternate Case (vertically integrated operation with downstream smelting). A preliminary environmental licence was granted by SEMAS in March 2025, and the company is advancing a Pre-Feasibility Study and copper-gold exploration on the broader licence. No mineral reserves have been declared.