• Boa Vista Gold Project in Brazil delivers strong drilling results, confirming open and scalable system
• Flemington Scandium-Nickel-Cobalt Project in NSW sees resource expansion potential
• Company progressing towards maiden JORC Mineral Resource estimate for Boa Vista VG1 prospect

Australian Mines Limited has provided an update on its key projects, highlighting significant progress at the Boa Vista Gold Project in Brazil and the Flemington Scandium-Nickel-Cobalt Project in New South Wales. At Boa Vista, the company's diamond drilling program continued to intersect broad, continuous gold mineralization at the VG1 prospect, with multiple high-grade intercepts reported, including 195.3 aggregate gram-metres from VGADD0010. These results further confirm the scale potential of the system, which remains open along strike and at depth. The company is now working towards a maiden JORC Mineral Resource estimate for VG1. At the Flemington Project, the 2025 and February 2026 drilling campaigns have re-confirmed the substantial high-grade core within the existing Mineral Resource Estimate and highlighted potential for resource expansion to the north and east of the current resource area. The company is now planning additional drilling to test a large, underexplored geophysical anomaly adjacent to the existing scandium resource.

The company is progressing towards a maiden JORC Mineral Resource estimate for the Boa Vista VG1 prospect and plans additional drilling at Flemington to test the potential for resource expansion.