American Lithium Minerals (OTCID:AMLM) announced it has taken a 19 percent stake in privately held Cunningham Mining, giving it exposure to precious metals in BC’s Golden Triangle.

The acquisition gives the explorer an indirect interest in Cunningham’s Nugget Trap placer claims, a 573.7 acre property registered with the BC Mineral Title registry and located within the Skeena Mining Division.

The transaction adds a permitted gold project to American Lithium’s growing property portfolio as it seeks to diversify across gold, lithium, rare earths and other critical minerals.

According to the company, Nugget Trap is authorized for a pay mining program of up to 30,000 cubic yards per year under permits issued by the BC’s Ministry of Mining and Critical Minerals.

A recent independent assay based on a 25 pit test program reported average grades of more than 25.54 grams of gold per cubic meter, along with recoverable silver. The company attributes the mineralization to large gold and copper systems located upstream, including the Mitchell, Sulphurets, Kerr and Snowfield deposits.

Located in Northwestern BC, the Golden Triangle has drawn renewed industry attention amid higher gold prices and expanding infrastructure. The area is home to Seabridge Gold’s (TSX:SEA,NYSE:SA) KSM project, which the company says is one of the world’s largest undeveloped gold deposits by reserves. An updated preliminary feasibility study for KSM outlines proven and probable reserves of 47.3 million ounces of gold and 7.3 billion pounds of copper.

The Nugget Trap interest helps to geographically diversify American Lithium’s asset base, which also includes silver, copper-gold, rare earths and polymetallic projects in Chile, Québec, Yukon and Nevada.

Among those is the Sarcobatus lithium property in Central Nevada, covering roughly 1,780 acres of mining claims.

Alongside the Cunningham deal, the company announced the appointment of Ryan Cunningham as president and CEO of its wholly owned subsidiary, American Mineral Resources.

American Lithium said it continues to pursue financing and additional acquisitions to advance its exploration assets.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to report assay results received from a 17-hole reverse circulation (RC) drill program for 2,954 metres completed at the Kamperman Deposit, part of its 100%-owned Feysville Gold Project (Feysville), located ~14km south of Kalgoorlie in Western Australia (Figure 1).

HIGHLIGHTS

Feysville Project

• Assay results received for 17 RC holes (2,954m) drilled recently at Kamperman, part of the 100%-owned Feysville Gold Project in WA. The program tested a variety of targets designed both to increase the Mineral Resource and improve understanding of the deposit, with a specific focus on high-grade zones. Best results include:
  • 14m at 6.79g/t Au from 192m including 2m at 23.8g/t Au from 193m (FRC463)
  • 13m at 6.60g/t Au from 44m including 1m at 57.6g/t Au from 46m and 1m at 10.9g/t Au from 48m, 4m at 2.06g/t Au from 62m and 4m at 3.81g/t Au from 88m (FRC457)
  • 21m at 3.11g/t Au from 115m including 1m at 13.4g/t Au from 132m (FRC460)
  • 15m at 3.70g/t Au from 123m including 1m at 16.4g/t Au from 124m and 1m at 21.1g/t Au from 135m, 6m at 2.79g/t Au from 158m, 23m at 2.57g/t Au from 180m including 3m at 13.7g/t Au from 197m and 3m at 2.57g/t Au from 208m (FRC452)
  • 14m at 2.66g/t Au from 179m (FRC461)
  • 27m at 0.78g/t Au from 21m and 25m at 1.68g/t Au from 50m including 1m at 11.7g/t Au from 59m and 1m at 10.5g/t Au from 62m (FRC453)
  • 6m at 4.10g/t Au from 210m including 1m at 13.4g/t Au from 212m (FRC454)
• The drill program has confirmed the presence of north-west striking high-grade gold mineralisation that is not currently included in the Kamperman Mineral Resource model, as well as confirming depth extensions to the southern lode and additional high-grade mineralisation in the footwall of the southern lode.

• A 4-hole (1,641m) DD program has been completed on the eastern flank of the Theia deposit, part of the 100%-owned Mandilla Gold Project. The drill program was designed to test for a potential steeply dipping sub-parallel mineralised structure to the east of Theia. Best results include:
  • 4.15m at 33.2g/t Au from 164.3m including 0.5m at 269.6g/t Au from 165m, 12.13m at 1.29g/t Au from 173.87m including 0.3m at 23.4g/t Au from 173.87m and 1.79m at 6.21g/t Au from 253.47m including 0.58m at 17.6g/t Au from 253.82m (AMRCD140)
  • 0.3m at 30.7g/t Au from 336.26m (AMRCD139)
• Quartz, pyrite and visible gold¹ were intersected in each of the four holes, confirming the potential for Theia to host additional mineralised structures.
• A 3-hole (775.6-m) DD program was also completed at Theia. The program was designed to target a previously intersected “230 Shear” structure. Drilling successfully intersected this distinct, narrow high-grade shear zone with best results including:
  • 1.57m at 22.8g/t Au from 168.59m including 0.6m at 59.2g/t Au from 169.56m, 7.12m at 1.42g/t Au from 175.08m including 0.3m at 25.9g/t Au from 175.51m, 8.73m at 0.95g/t Au from 222.44m and 4.90m at 1.28g/t Au from 259m including 0.3m at 13.7g/t Au from 262.07m (AMRCD137)
  • 2.27m at 4.94g/t Au from 161m including 0.47m at 22.8g/t Au from 161.93m and 5.33m at 1.08g/t Au from 202.85m (AMRCD138)

Astral Resources’ Managing Director Marc Ducler said: “The assay results from the recent RC program at Feysville have demonstrated the excellent potential for both the overall gold grade and the deposit size at Kamperman to increase.

“The program was highly successful in achieving its aims to extend interpreted high-grade gold zones beyond the existing Mineral Resource.

“The centrally located drill-hole, FRC457, returned an outstanding intercept of 13m at 6.60g/t Au, representing a very successful extension to a north-west striking high-grade ore shoot which appears to be projecting beyond the current deposit limits.

“Drill-hole FRC463 also returned a spectacular high-grade intercept. Drilled south and well beyond the current Resource testing for a south-plunging ore zone at depth, drilling successfully intersected 14m at 6.79g/t Au from 192m, to confirm one of our deepest zones of high-grade gold mineralisation so far and providing us with a hint of the greater potential still remaining at Kamperman.

“Over the Christmas period, Astral received notice from the DMPE of the grant of our Mining Licence application over areas of Feysville. This marks an important step as we progress towards submission of the Mining Proposal and execution of a JV agreement with Mineral Mining Services for the development of the Think Big Gold Mine. This would establish an early revenue opportunity for Astral against the backdrop of record gold prices to assist with securing overall development funding for the Mandilla Gold Project.

“Meanwhile at the cornerstone Theia deposit at Mandilla, we received assay results from two diamond drill programs, with further outstanding high-grade intercepts recorded.

“The first, a 3-hole program targeting the “230 Shear”, returned results such as 1.57m at 22.7g/t Au and 2.27m at 4.94g/t Au in separate holes, confirming the presence of this discrete, narrow, high-grade shear zone which strikes through the main Theia deposit.

“Importantly the shear, intersected in all three holes, remains mineralised at depth, with the potential to delineate additional sub-parallel repeats both within and extensional to Theia.

“A second 4-hole diamond drill program tested a potential steeply dipping sub-parallel structure to the east of Theia. As an initial positive sign visible gold was logged in all four holes, with a best result including a very high-grade intersection of 4.15m at 33.2g/t Au from 164.3m in hole AMDRCD137.

“Following our successful capital raise completed in December, Astral has funds on hand to maintain an aggressive exploration focus and complete the Mandilla DFS targeting a Final Investment Decision – all while maintaining a significant component of the equity requirement for development of the Mandilla Gold Project.

“Astral has ramped up exploration activities for 2026 with three drill rigs (2 RC and 1 DD rig) currently operating on site.”

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Trading in the securities of Cyprium Metals Limited (‘CYM’) will be halted at the request of CYM, pending the release of an announcement by CYM.

Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of:

• the commencement of normal trading on Friday, 23 January 2026; or
• the release of the announcement to the market.

CYM’s request for a trading halt is attached below for the information of the market.

Issued by
ASX Compliance

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Jindalee Lithium Limited (Jindalee, or the Company; ASX: JLL, OTCQX: JNDAF) is pleased to report assay results from the drilling program at the McDermitt Lithium Project completed late 2025.

• All holes returned strong lithium and magnesium intercepts from shallow depths, including:
  • R92: 36.5m @ 1951 ppm Li & 5.23% Mg from 24.5m
  • R93: 15.5m @ 1456 ppm Li & 5.45% Mg from 3.6m
  • R94: 66.0m @ 1599 ppm Li & 4.12% Mg from 0.4m
  • R95: 110.6m @ 1519 ppm Li & 4.80% Mg from 23.0m
  • R96: 20.1m @ 1514 ppm Li & 5.29% Mg from 0.4m
• Three holes twinning earlier RC holes confirmed good correlation with RC results
• High-quality core samples retained for metallurgical testwork (lithium and magnesium)

Background

On 3 December 2025 Jindalee announced the completion of a large diameter core drilling program at the Company’s 100% owned McDermitt Lithium Project1 (McDermitt, Project), one of the largest lithium deposits in the United States (US) and of global significance2 (Figure 1).

The program comprised five PQ3 (8.5cm diameter) core holes designed to obtain samples for metallurgical testwork to further optimise lithium recoveries, as well as unlock value from the significant magnesium endowment at McDermitt, via the value optimisation program announced late October 20253. The drilling also provided valuable geological and geotechnical data on the deposit, with three of the holes collared to twin reverse circulation (RC) holes drilled in 2021 and 20224.

Discussion

All five holes returned strong lithium and magnesium intercepts from shallow depths as summarised above and in Annexure A. Three holes (R94, R95 and R96) were collared to twin RC holes drilled previously by Jindalee (MDRC-24, MDRC-21 and MDRC-22 respectively), with assays from the recent core holes showing good correlation with the RC results (refer Table 1). Jindalee will now undertake detailed geostatistical analysis to further evaluate the relationship between the results from RC and core drilling to help determine the optimal drilling methods for future programs.

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