Volta Metals completes initial drilling at Springer

Executive Summary

• Volta Metals completed a 1,638‑metre, four‑hole diamond drill program at the Springer REE & gallium project in Ontario.
• All holes intersected thick zones of carbonatite breccia and bodies, extending beyond original depth targets and confirming continuity of mineralization.
• Samples have been sent for assay; results are pending, positioning the company to update the historic 2012 NI 43‑101 resource estimate.

Key Details

• Program Scope: 1,638 m total drilling across four boreholes (SL25‑23, SL25‑24, SL25‑25, SL25‑26).
• Objectives:
• Test depth and strike extensions of the REE deposit.
• Provide near‑surface confirmatory drilling for a future update to the historic 2012 resource model.
• Confirm gallium mineralization (targeting historic anomaly in borehole SL11‑03).
• Supply fresh material for ongoing metallurgical testing.
• Drill Results:
• All holes intersected multiple thick zones of syenite‑fenitized carbonatite breccias (up to 125 m thickness) and discrete carbonatite bodies (up to 20 m thickness).
• Borehole SL25‑23 aimed at confirming anomalous gallium oxide mineralization.
• Borehole SL25‑26 explored potential southward expansion of REE mineralization beyond the historic resource shell.
• Near‑vertical holes SL25‑24 and SL25‑25 tested vertical continuity and depth extension below the historic NI 43‑101 boundary.
• Assay Status: Core samples shipped to Activation Laboratories (North Bay, ON); assay results will be released upon receipt.
• Technical Commentary: Dr. Fred Breaks noted the presence of a large, intact carbonatite system within a potassic fenite breccia zone intruded by high‑grade REE‑rich dolomitic carbonatite dikes. Further lithological and mineralogical work is planned.
• Historic Resource Context: 2012 estimate (non‑compliant with current CIM standards) listed:
• Indicated: 4.2 Mt @ 1.14 % TREO, 0.02 % ThO₂, ~6 % HREO.
• Inferred: 12.7 Mt @ 1.17 % TREO, 0.01 % ThO₂, ~4 % HREO.
• QA/QC Protocol: Included insertion of high‑ and low‑concentration certified REE standards, blanks, and duplicates; samples bagged, sealed, and transported under geologist supervision.
• Qualified Person Review: Andrew Tims, P.Geo., independent QP per NI 43‑101, reviewed and approved technical content.

Notable Quotes

“The initial observation of the core suggests the presence of a very large, intact carbonatite system… Ensuing work will undertake lithological and mineralogical characterization of the REE‑mineralized, fenite breccia‑carbonatite system.” – Dr. Fred Breaks, Technical Adviser.