• High-grade copper and tungsten confirmed at Karibib
• Rock chip sampling returned up to 4.9% Cu and 0.68% WO3
• Project-scale geochemical program initiated
• Technical team strengthened with new Consulting Geologist

Kaoko Metals Limited is pleased to report strong assay results from its initial reconnaissance rock chip sampling program at the Karibib Project in central Namibia. The initial program was designed to verify historical mineral occurrences, assess geological continuity, and prioritize areas for follow-up exploration across the Company's approximately 250km2 project area. Assays have confirmed widespread high-grade copper, gold, and tungsten, reinforcing mineralisation, reinforcing Kaoko's view that Karibib has the potential to host a large-scale, fertile, multi-commodity mineral system. Significant rock chip assay results include: Sample ID Sample Type Easting Northing Cu % Au g/t Ag g/t WO3 % Z2814 Dump 575650 7526248 4.90 0.07 2 0.06 Z2809 Dump 575660 7526168 3.19 0.85 46 0.48 Z2804 Dump 575784 7526114 2.66 0.41 16 0.26 Z2849 Trench 575780 7527277 1.91 0.16 8 0.01 Z2803 Dump 575805 7526134 1.73 0.60 15 0.45 Z2848 Trench 575771 7527269 1.72 0.07 3 0.01 Z2802 Dump 575806 7526111 1.50 0.02 20 0.68 Z2815 Dump 575648 7526246 1.10 0.11 9 0.16 Z2806 Dump 575688 7526181 1.06 0.15 14 0.48 Z2816 Dump 575796 7526116 1.01 0.21 10 0.02 Z2859 Dump 585743 7523026 0.99 0.81 1 0.01

Kaoko Metals plans to commence maiden drilling at Chalkos in approximately three weeks and continue regional exploration across its Namibian portfolio.