Arya Resources drills 10 m of 2.05 g/t Au at Wedge Lake

Executive Summary of Recent Release

• Date: May 25, 2026
• Event Type: Drilling Results (AR26-11 & AR26-12) at Wedge Lake Project.
• Key Discovery: Confirms vertical continuity and downdip expansion of the Twin Zone within sulphide-bearing iron formation.
• Polymetallic Potential: Highlights elevated Scandium values alongside Gold and Silver, enhancing the economic profile beyond standard gold-silver systems.
• Specific Intercepts:
  • AR26-11: 10m @ 2.05 g/t Au (including high-grade intervals up to 8.71 g/t Au).
  • AR26-12: 4m @ 2.56 g/t Au (including 9.55 g/t Au over 1m) and significant Scandium zones (up to 31.48 ppm Sc).
• Context: Results follow the April 27 Triplet Zone discovery and May 01 financing closure ($2.585M gross proceeds).

Evaluation of News Significance

• Incremental vs. Transformational: The news validates the geological model established in previous months (Feb-April). While positive, it does not introduce a fundamentally new discovery zone like the Triplet Zone did in April. It is an extension of known mineralization.
• Scandium Factor: The inclusion of Scandium adds a critical mineral dimension which could improve project economics if recoverable and market-priced favorably. However, without metallurgical test results or resource estimates, this remains speculative upside rather than immediate material value.
• Market Expectations: Given the financing closed in May 01 ($2.585M) specifically to fund exploration at Wedge Lake, these drill results were anticipated as part of the funded program. The market has already priced in significant exploration success (price surge from $0.35 to $0.64 in Jan/Feb).
• Price Action Context: Stock price has corrected from January highs ($0.64) to current levels ($0.41). This news provides fundamental support but is unlikely to trigger a sharp breakout without further resource definition or M&A activity.

Corporate Profile

• Company: Arya Resources Ltd.
• Focus: Exploration of Gold, Silver, Nickel, Copper, Cobalt, and Scandium in Saskatchewan.
• Flagship Project: Wedge Lake Gold Project (Saskatchewan).
  • Location: ~165 km NE of La Ronge, Saskatchewan.
  • Land Package: Expanded to 32,459 acres as of late 2025; additional claims approved in September 2025 (~29,485 acres).
• Secondary Project: Dunlop Nickel-Copper-Cobalt Project (Saskatchewan), targeted for critical mineral financing.