Acquisition of Amghas Antimony Licences

The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce the acquisition by its 80 per cent owned subsidiary, Wildstone SARL ("Wildstone) of two further exploration licences in Morocco (the "Amghas Licences" or "Amghas"), following the completion of extensive due diligence.

Assessment of Amghas has highlighted the prospectivity of the licences and in particular the opportunity for the reinstatement of the former producing mine at the site. Evidence of numerous high-grade antimony veins visible at surface and in underground workings provide the motivation for the planned exploration programme that has already commenced with a view to establishing a Mineral Resource ahead of reinstatement of mine status.

Project Highlights:

• Reinstatement of the Mining Licence underway: A baseline study and Environmental Impact Assessment (EIA) have been initiated as part of the statutory requirements to reinstate the mining licence at Amghas
• Multiple high-grade antimony-rich veins and associated mineralised brecciation identified both at surface and underground
• Historic small-scale exploitation of antimony mineralisation with a focus only on extremely high-grade (>40% Sb) veins. Potential for a larger mineable resource due to previously unprocessed disseminated mineralisation
• Structural mapping identified continuity of mineralised structures over several kilometres, connecting with historic Amghas workings thereby expanding exploration potential

Executive Chairman Colin Bird commented: "The acquisition of the Amghas Licences, presents an early potential opportunity to commence antimony concentrate production for sale into international markets, where demand for this critical metal is rising. We look forward to sharing the results of our drone and geophysical surveys and publishing our initial Mineral Resource Estimate with shareholders".

Amghas Licences

Wildstone has acquired two further exploration licences in Morroco for a total consideration of US$105,000 funded by Xtract. The exploration licences are for a period of three years expiring on 6 June and 25 July 2026 respectively. In aggregate, the Amghas licence cover an area of 32 square kilometres and are located in the Khenifra Province, Morrocco.

The Amghas Licences host multiple high-grade antimony sulphide veins, which were last mined underground in the late 1950s. The acquisition is a key development in Wildstone's antimony licence portfolio in Morocco. The former producing mine at Amghas will be a focus for initial exploration and development activity with potential for antimony production from the multiple outcropping antimony sulphide veins and the extensive underground network of partially exploited mineralised structures.

The nature and density of antimony veins in and around Amghas supports a detailed evaluation of the site and a focus on the development of a preliminary resource estimate and mine plan.

Geological mapping has identified vein systems extending beyond the immediate historic mine workings, in some instances connecting higher-grade Amghas veins to other historical workings located several kilometres away along strike. These zones present obvious follow-up targets.

Historic mining focused on hand-sorted, visually identifiable ore, overlooking relatively lower-grade, disseminated wallrock mineralisation. Underground channel sampling will be conducted to assess antimony grades within exposed veins, wallrock alteration and breccias adjacent to the high-grade veins, which have previously recorded antimony grades exceeding 40% Sb.

Wildstone's local geologists will be joined by Xtract's senior geological team to assist with the establishment of a programme of evaluation of the Amghas licence and surrounding Wildstone licences.

Technical Sign-Off

Technical information in this announcement has been reviewed by Colin Bird, C.Eng, FIMMM, South African and UK Certified Mine Manager and Director of Xtract Resources plc, with more than 40 years' experience mainly in hard rock mining and is a Qualified Person under the AIM rules. Mr Bird has reviewed and approved this announcement.

Technical glossary