New VTM Resource, High-Purity Ti02 & Zn-Cu-Ag Upside

• Maiden Inferred Mineral Resource of 45.7 Mt with 9.4% TiO2, 0.25% V2O5, and 21% Fe
• Successful metallurgical test work achieved 99.1% purity TiO2 and 97.9% purity Fe2O3
• Additional exploration target of 67-89 Mt with potential for significant future growth
• Manindi Zinc-Copper-Silver Resource nearby, offering development synergy

Metals Australia Limited has announced a new Mineral Resource Estimate (MRE) for the Manindi West VTM project in Western Australia, establishing a substantial resource base within the Discovery Zone. The maiden Inferred Mineral Resource is 45.7 Mt grading 9.4% Titanium Oxide (TiO2), 0.25% Vanadium Oxide (V2O5), and 21% Iron (Fe). Metallurgical test work has successfully demonstrated the production of high-purity titanium oxide and iron oxide products, with titanium oxide reaching 99.1% purity. The project also includes a broader exploration target of 67-89 Mt, highlighting significant growth potential. The Manindi Zinc-Copper-Silver Project is located just 1 km away, presenting opportunities for complementary development.