• Updated '6-7 Project' R&D program for 2026-2027 finalised after technical review
• R&D focus narrowed to gold and silver extraction from seaweed
• Strategy informed by previous assays showing significant gold and silver in seaweed

BPH Global Ltd (ASX: BP8) has finalised an updated research and development (R&D) program for the 2026-2027 calendar years under the 'Project 6-7'. This program will focus on the measurement of precious metal content, extraction, and potential commercial recovery of precious metals--specifically gold and silver--from seaweed biomass. The updated program follows an internal review of the Company's seaweed mineral content and extraction R&D work undertaken to date, conducted in consultation with the Company's R&D consultant and experienced mining industry executives. Since late 2024, BP8 has undertaken a broad assay program to assess the capacity of seaweed to bioaccumulate a wide spectrum of precious metals, critical minerals, and rare earth elements. While this broad approach successfully demonstrated seaweed's ability to hyperaccumulate multiple elements, the Company has now determined that, from an extraction and commercialisation perspective, it is in BP8's best interests to narrow its R&D focus to gold and silver. This decision has been informed by earlier assay results, which reported significant gold and silver accumulation in seaweed harvested from the Johor Strait. The updated R&D program will continue to be structured around two complementary workstreams: seaweed harvesting and assay program, and extraction and processing research. The Company will continue harvesting seaweed cultivated and/or growing naturally in polluted waters, with a focus on the Johor Strait in Malaysia and additional inland and coastal waterways in Malaysia impacted by industrial and mining activity. In parallel, BP8 will continue its in-house research and collaborative work to evaluate and optimise potential extraction methodologies for gold and silver from seaweed biomass.

The next phase of work--especially in mineral-rich coastal environments adjacent to mining activity--will be critical to validating this approach and unlocking future commercial applications.