• 66kg of Heavy Mineral Concentrate produced confirming rutile grade
• ~40% of 6,000m hand auger drilling completed
• 5,000m aircore drilling program to commence late June
• Maiden Inferred Resource Estimate anticipated late June/early July

Fortuna Metals has produced 66kg of rutile heavy mineral concentrate from a 5.4-tonne bulk sample test, confirming a rutile grade of 1.22%. Approximately 40% of a 6,000-meter hand auger drilling program is complete, and a 5,000-meter aircore drilling program is set to begin in late June. The company anticipates a maiden inferred resource estimate in late June/early July. The test work aims to validate the quality and ease of processing of rutile before further independent testing. Drilling programs are designed to rapidly advance resource development and technical studies, positioning Fortuna as a key global supplier of titanium, graphite, and potentially monazite.

Maiden Inferred Resource Estimate anticipated late June/early July

Fortuna Metals is advancing its key workstreams with significant progress in rutile production and drilling, aiming to confirm high-quality rutile and fast-track resource development.