• Boa Vista Gold Project in Brazil advances with drilling program and new high-grade zone discovery
• Flemington Scandium Project in NSW to commence ~1,000m drilling program
• Metal Hydride Program achieves positive independent evaluation from HyMARC

Australian Mines Limited has provided its Quarterly Activities Report for the period ending 30 September 2025. Key highlights include:Boa Vista Gold Project (Brazil): Australian Mines executed an earn-in to acquire up to 80% of the Boa Vista Gold Project in Brazil's Tapajos Gold Province. The main VG1 target holds a historic Inferred Resource of 8.47Mt @ 1.23g/t Au for 336koz. During the quarter, the company completed LiDAR, drone magnetics, and channel sampling, which confirmed a new high-grade zone called the Biota Zone adjacent to VG1. Australian Mines secured the drilling permit and commenced a ~3,000m diamond drilling program in late September 2025.Flemington Scandium Project (NSW): A ~1,000m auger program was prepared in Q3 2025, with drilling approvals secured post-quarter. Drilling is now expected to commence in mid-November 2025 and may be upsized depending on results. The program will test a large underexplored geophysical anomaly considered prospective for scandium mineralization.Metal Hydride Program: The company's MH-May24 metal hydride material underwent independent evaluation by HyMARC, which confirmed the results previously announced by Australian Mines. The evaluation supported the material's potential for multi-year, long-duration energy storage.The company also provided updates on its Jequie Rare Earths project in Brazil and the Sconi Battery Minerals project in Queensland.