Adyton Reports ~200% Increase to Wapolu Updated Inferred Mineral Resource Estimate

The most recent news (January 13, 2026) announces a significant update to the Mineral Resource Estimate (MRE) for the Wapolu Gold Project in Papua New Guinea. The Inferred Resource has increased by 197%, rising from 200,000 ounces to 393,000 ounces of gold. The total resource for the Fergusson Island Project (Wapolu + Gameta) now stands at 206,000 oz Au Indicated and 733,000 oz Au Inferred. Crucially, management reiterated that development at Wapolu is "fully funded to production" through its joint venture with East Vision Investment Holdings (EVIH), which carries Adyton's costs. The company also confirmed a non-binding LOI for the purchase of gold concentrate from Hyosung TNC Corporation, suggesting a 15% improvement in payable terms.

This news is materially positive as it significantly increases the mine life and scale potential for Wapolu, which is slated for a production restart in late 2026. - Resource Growth: Doubling the Inferred base at Wapolu (0.97 g/t Au) provides the "critical mass" needed for the Mining Lease application. - Financial De-risking: The reminder that EVIH is providing a shareholder loan at 8% to carry Adyton to production is vital. In a high-cost environment, being "carried" removes the immediate need for dilutive equity raises for CapEx. - Operational Pathway: The project is a restart of a past-producing mine. The presence of existing infrastructure (airstrip, workshops) reduces the capital intensity compared to greenfield builds. - Commercial Validation: While the LOI with Hyosung is non-binding, it provides a benchmark for concentrate payability that enhances project economics.

Adyton is focused on gold and copper in the "Tabar-Lihir-Tanga-Feni" island chain of Papua New Guinea. - Flagship (Near-term): Wapolu/Gameta (Fergusson Island). A low-cost, shallow open-pit restart project. - Flagship (Exploration): Feni Island. A large-scale copper-gold system with an existing 1.46 Moz Au Inferred resource, currently being tested for deeper porphyry potential.