• Apollo Hill Mineral Resource upgraded to 2.24Moz, with 82% now in Measured and Indicated
• Significant high-grade drill results at Iris and Tefnut prospects
• Successful $45 million capital raising to fund ongoing development

Saturn Metals Ltd announced its September 2025 Quarterly Activities Report, highlighting continued progress at its flagship Apollo Hill Gold Project in Western Australia. The key achievements include: - The Mineral Resource at Apollo Hill was upgraded to 137.1Mt at 0.51g/t Au for 2,239,000oz, representing a 10% or 200koz increase in contained gold ounces. Importantly, 82% of the Mineral Resource is now classified as Measured and Indicated, providing a strong basis for the upcoming Pre-Feasibility Study and maiden Ore Reserve.- Resource development drilling at the southern end of Apollo Hill delineated a new zone of structurally focused, thick and high-grade gold mineralisation named the 'Iris Zone'. Significant intersections included 11m at 6.29g/t Au, 10m at 6.11g/t Au, and 10m at 3.69g/t Au.- The company's cash position at the end of the quarter was $22.08 million. Subsequent to the quarter, Saturn raised $45 million through a well-supported share placement to institutional and sophisticated investors.- Ongoing work during the quarter included metallurgical test work, environmental studies, engineering studies, and early-stage permitting considerations. The company plans to continue exploration and resource development drilling, geotechnical and metallurgical focused diamond drilling, and other technical work to support the Pre-Feasibility Study in the next quarter.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The company plans to continue exploration and resource development drilling, geotechnical and metallurgical focused diamond drilling, and other technical work to support the Pre-Feasibility Study in the next quarter. The company is also planning further aircore and reverse circulation drilling campaigns across various greenfields and brownfields exploration targets in its portfolio.