• Maiden RC drilling at Cerro Chacón Gold Project completed with 53 holes totaling 5,911 m
• Low-sulphidation epithermal Au-Ag system confirmed at Toro Hosco
• Strategic review highlights high-grade rare earth mineralisation at Ashburton

PR2.ASX's Quarterly Activities Report for the period ending 30 June 2026 details the completion of a maiden RC drilling programme at the Cerro Chacón Gold Project in Chubut Province, Argentina. The programme included 53 holes totaling 5,911 meters, with notable intersections at the Toro Hosco prospect, including 1 m @ 2.75 g/t Au and 1 m @ 456.67 g/t Ag. The report also highlights a strategic review of the Ashburton project in Western Australia, revealing extensive high-grade rare earth mineralisation, with up to 11.38% Total Rare Earth Oxides (TREO) at the Livanto Prospect. The company held A$1.48 million in cash as of 30 June 2026, with exploration expenditures primarily focused on the Argentina projects.

During the September 2026 Quarter, the Company expects to complete a review of the geological model, targeting criteria, and drilling results at Cerro Chacón, and extend the ground magnetic survey southward to cover the full extent of the Toro Hosco prospect.