• Binding agreement to acquire 100% of Frontier Group CRM Pty Ltd, which holds 80% interest in the Bailundo licence in Angola
• Large-scale ~7km diameter carbonatite complex with high-grade niobium and rare earth element mineralisation
• Positioned within a geological province analogous to world-class Brazilian carbonatites

Connected Minerals Ltd has entered into a binding agreement to acquire 100% of Frontier Group CRM Pty Ltd, which holds an 80% interest in the Bailundo Carbonatite Project located in Huambo, central Angola. The project comprises a 2,054km² exploration licence hosting a large ~7km diameter carbonatite complex. Historical exploration and recent validation sampling by Frontier confirmed high-grade niobium and rare earth element mineralisation from surface, with channel samples returning up to 2.1% Nb2O5 and up to 7.7% TREO. The mineralisation is hosted within near-surface weathered saprolite, and continuing into fresh carbonatite. The project is positioned within a geological province analogous to world-class Brazilian carbonatites, which host the majority of the world's niobium resources and are increasingly important sources of rare earth elements. Angola is actively developing its mining sector as part of a broader strategy to diversify its economy, with a focus on critical minerals. The Bailundo project is well positioned within this emerging province, with access to the Lobito Corridor, a major US and EU-backed export route. Connected Minerals plans to undertake a rapid, systematic exploration program to significantly enhance understanding of the scale, geometry and continuity of the niobium and rare earth element mineralisation.

Connected Minerals plans to undertake a rapid, systematic exploration program to significantly enhance understanding of the scale, geometry and continuity of the niobium and rare earth element mineralisation at the Bailundo project. The initial exploration program is expected to provide a clear pathway to progressively de-risk the project through staged exploration and technical assessment, subject to exploration success.