First Chalkos holes return Cu-Ag grades at Otniel discovery

• First drill holes at Otniel returned significant copper-silver grades
• DDOT001: 37.1m at 1.23% Cu and 15.2g/t Ag, including 6.62m at 3.05% Cu and 40.0g/t Ag
• DDOT002: 48m at 1.02% Cu and 12.9g/t Ag, including 7.15m at 2.76% Cu and 34.6g/t Ag
• Silver strongly associated with copper, enhancing prospectivity
• Drilling continues at Otniel and Donkey Hill

Kaoko Metals Limited has announced laboratory assay results from the first two diamond drill holes completed at the Otniel Prospect within its Chalkos Copper-Silver Project in Namibia. The results confirm broad, shallow copper-silver mineralisation with higher-grade intervals. DDOT001 returned 37.1m at 1.23% Cu and 15.2g/t Ag from 54m, including 6.62m at 3.05% Cu and 40.0g/t Ag. DDOT002 returned 48m at 1.02% Cu and 12.9g/t Ag from 46m, with a zone of 28.65m at 1.40% Cu and 17.3g/t Ag from 65.35m including 7.15m at 2.76% Cu and 34.6g/t Ag. Silver is strongly associated with copper, enhancing the prospectivity of the Chalkos Project. Two rigs are operating at Chalkos, with ongoing drilling testing the extent and geometry of the mineralisation. Drilling has also commenced at Donkey Hill, where surface samples have returned grades of up to 69.6% Cu.

Kaoko Metals plans to continue its expanded drilling program at Otniel and Donkey Hill, with further geochemical, mineralogical, and spectral work. The company aims to define and expand existing mineralisation and identify new targets across its tenure.