Adyton Expands Discovery Capability at Feni Gold-Copper Project with Global Ore Discovery Consultants

On December 17, 2025, Adyton Resources announced it has engaged Global Ore Discovery, a team of expert geological consultants, to enhance its exploration efforts at the 100%-owned Feni Gold-Copper Project in Papua New Guinea. According to CEO Tim Crossley, this engagement signals a "deliberate shift" from near-resource drilling to a more aggressive, 'Whole of Island' exploration program. The objective is to optimize drill targeting for resource expansion at the Kabang prospect and to evaluate the broader potential for epithermal gold and concealed porphyry copper-gold systems across the island. Deliverables from this engagement are expected by the first quarter of 2026.

The engagement of Global Ore Discovery is a routine operational step and not a material event. It is a logical and necessary response to the drill results released on October 14, 2025 (FDD005), which, despite confirming a large mineralized system, returned lower-than-expected grades and caused a significant sell-off in the stock. The market clearly signaled that demonstrating scale is insufficient; high-grade intercepts are required to justify further valuation increases.

This news is positive in that it shows management is proactively addressing the geological challenges at Feni and is willing to invest in expertise to refine its targeting strategy. However, the value of this engagement will only be realized through future drill results derived from the new targets. In the short term, this is an administrative announcement that incurs costs without generating revenue or tangibly de-risking the project.

Looking at the progression of news: - July-September 2025: The company built significant momentum with initial Feni drill results (FDD001-004) and a major C$20 million financing at C$0.40 per unit. The stock price peaked at $0.57. - October 14, 2025: FDD005 results (158m @ 0.72 g/t AuEq) were a major disappointment for the market, despite management's positive spin on the "significant scale." The stock began a steep decline from which it has not recovered. - November-December 2025: The company's focus in news releases has pivoted towards de-risking its other asset, the Fergusson Island Gold Project. Updates included JV progress (Nov 18), a non-binding LOI for concentrate sales (Dec 10), and strengthening the technical team for Feni (Dec 2 & Dec 17).

This latest announcement fits the pattern of rebuilding the exploration story for Feni while the JV partner advances the less risky, near-term production asset at Fergusson. It is a sensible step, but it is preparatory and does not change the fundamental investment thesis until better drill results are produced.

Adyton Resources is a Canadian-listed junior exploration company focused on gold and copper projects in Papua New Guinea (PNG). It follows a dual-strategy approach: 1. Flagship Project (Feni Island): A 100%-owned gold-copper project with blue-sky potential for a large-scale, Lihir-style porphyry system. It currently hosts an Inferred Mineral Resource of 1.46 Moz gold. This project is the primary driver of the company's valuation potential but also carries the highest exploration risk. 2. Development Project (Fergusson Island): Includes the past-producing Wapolu and the more advanced Gameta gold deposits. This project is being advanced through a joint venture where partner East Vision Investment Holdings (EVIH) funds up to US$9.5 million in expenditures to earn a 50% interest, carrying Adyton to potential production. The goal is to establish a low-cost, near-term mining operation (targeting 2H 2026) to generate cash flow.