• A 2,000m diamond drilling program has commenced at the Mascotte Silver-Gold Prospect
• Drilling targets high-grade silver & gold, with potential to expand the existing 115Moz AgEq resource
• Historical drilling was shallow and did not assay for gold, with recent rock chip sampling confirming high-grade gold

Legacy Minerals is pleased to announce that a 2,000m diamond drilling program has commenced at the Mascotte Silver-Gold Prospect within its flagship Mt Carrington Project in New South Wales. The drilling program will test beneath historical high-grade silver results as well as new structural and geochemical targets across the Mascotte Mine area, with an initial nine holes planned over a six-week period. The Mt Carrington Mineral Resource currently stands at 115Moz AgEq, and this drilling program presents a compelling opportunity to expand these resources. The last drilling in this area was completed between 1969 and 1970, with a best result of 18.3m at 237g/t Ag, including 9.1m at 394g/t Ag. Importantly, the historical drilling was shallow (less than 70m deep) and did not assay for gold. Recent rock chip sampling by Legacy Minerals has confirmed the presence of elevated gold-silver mineralization along the broader Mascotte trend, with results of up to 11.2g/t Au and 222g/t Ag. This suggests significant potential for the discovery of high-grade gold mineralization in addition to the known silver mineralization. In parallel to this discovery-focused drilling, Legacy Minerals is also progressing a New Scoping Study on the existing Mt Carrington deposits, which is expected to be completed in early Q1 2026. The Company is adopting a dual-track approach to unlock the substantial value at Mt Carrington, balancing near-term development optionality with the potential for new discoveries.

Legacy Minerals is pursuing a dual-track strategy at Mt Carrington, focused on both development studies to realize value from the existing 115Moz AgEq Mineral Resource, as well as discovery-driven drilling programs to expand the resource base. This balanced approach aims to create multiple avenues for value creation for shareholders.