• Successful completion of four field exploration programs in H1 FY26, including drilling and soil sampling
• Discovery of new Vulcan prospect with significant HREE mineralisation
• Encouraging results from Rockslider and Dazzler/Ripcord drilling programs

Northern Minerals successfully completed four field exploration programs during H1 FY26 across its Browns Range rare earths project area in Western Australia. The programs included three drilling campaigns totaling 50 holes for 7,452.27 m and an Ultrafine fraction (UFF) soil geochemical program for 772 samples. The RC Regional Tracks program intercepted broad zones of heavy rare earth elements (HREE) dominated mineralisation in two holes, defining a new target named the Vulcan prospect. Significant intercepts included 23 m @ 0.65% total rare earth oxide (TREO) and 29 m @ 0.53% TREO. The RC Regional Tracks program also confirmed andesites as a favourable host for HREE mineralisation. Drilling at the Rockslider prospect identified encouraging HREE mineralisation, while the Ripcord-Dazzler program validated the updated geological model for the Dazzler deposit. The UFF soil sampling program defined low-level yttrium anomalies for second-order follow-up, including areas north-east of Dazzler and west and south-east of Cyclops. The exploration results support the revised interpretation of the Browns Range as a volcano-sedimentary arc sequence and provide a technical basis for new exploration targets across the broader project area.