• Exploration activities at Rum Jungle Project, including reviews of historical drilling and planning of additional surveys
• Promising gold mineralization found at Sundance, Yennefer, and Sundance East Prospects
• Evaluating potential mining methods, including use of Bauer BG48 rig to extract vertical and sub-vertical gold mineralization

Korab Resources Ltd reported on its activities for the quarter ended 31 December 2024. Key highlights include:- Exploration work at the Rum Jungle Project, located near Batchelor in the Northern Territory, including reviews of historical drilling data and planning of additional surveys, with a focus on gold, silver, copper, lead, and zinc potential.- At the Sundance Prospect, diamond drilling intercepted high-grade gold mineralization in a massive auriferous pyrite 'pipe', with results including 10.9m at 33.8 g/t Au and 5.05m at 16.79 g/t Au. Further drilling is planned to determine the continuity, size, and grade of the mineralization.- Similar style of gold mineralization was found at the Yennefer Prospect, located near the Winchester magnesium deposit, with RC drilling intercepting intervals up to 7m at 8.83 g/t Au.- At the Sundance East Prospect, historical RC drilling by a previous owner intercepted significant gold mineralization, including 7m at 4.77 g/t Au. Korab's follow-up drilling also encountered low-grade gold mineralization.- Korab has evaluated various mining methods suitable for the 'pipe-style' gold mineralization, and is particularly interested in the use of Bauer BG48 drilling rigs with large-diameter buckets, which can extract vertical and sub-vertical ore bodies efficiently and with a smaller environmental footprint compared to conventional open-pit mining.

Korab is continuing to evaluate the potential of the Rum Jungle Project, with a focus on further defining the gold mineralization through additional drilling and assessments of suitable mining methods. The company is also in discussions with potential finance providers, joint venture partners, and offtake customers for its various mineral assets.