One Bullion talks gold market backdrop, Botswana

Executive Summary

• One Bullion Ltd. provided a market update highlighting strong gold prices (reaching ~$4,600/oz) and detailed exploration progress across its district-scale gold portfolio in Botswana, specifically at the Kraaipan, Vumba, and Maitengwe greenstone belts.
• The company outlined specific exploration activities and historical data, including 26 priority targets identified via IP survey at Kraaipan, historic high-grade surface sampling and drilling results at Vumba, and early-stage discovery indicators at Maitengwe.
• The release also announced the grant of 1 million restricted share units (RSUs) to a director and officer, vesting in January 2027.

Key Details

• Gold Market Context: Spot gold prices recently reached all-time highs above approximately $4,600 per ounce, driven by safe-haven demand, central bank buying, and geopolitical uncertainty.
• Kraaipan Greenstone Belt:
  • Company controls ~65 linear kilometers of strike along the western limb.
  • Completed an extensive induced polarization (IP) survey identifying 26 high-sulphide priority targets.
  • Results from recent mapping and prospecting programs are pending.
• Vumba Greenstone Belt:
  • Exploration includes systematic soil sampling, ~17 km of trenching, 11 km of reverse circulation (RC) drilling, and 3 km of diamond drilling.
  • Historic Surface Sampling Highlights:
    • OB1080: up to 116 g/t Au
    • OB1081: up to 44.5 g/t Au
    • OB1073: up to 32.9 g/t Au
    • OB1070: up to 19.7 g/t Au
    • OB1069: up to 13.9 g/t Au
    • OB1065: up to 12.7 g/t Au
    • OB1088: up to 8.79 g/t Au
  • Historic Drilling Highlights:
    • SD071: 41.50–44.00 m (2.50 m at 42.82 g/t Au)
    • SR033: 23.00–24.00 m (1.00 m at 30.02 g/t Au)
    • SR043: 18.00–21.00 m (4.00 m at 9.63 g/t Au)
    • SR088: 54.00–61.00 m (7 m at 6.30 g/t Au)
    • SR041: 3.00–14.00 m (11.00 m at 6.03 g/t Au)
    • SR083: 8.00–28.00 m (20.00 m at 1.97 g/t Au)
  • Future Plans: Detailed magnetic survey followed by additional drilling during 2026.
• Maitengwe Greenstone Belt:
  • ~47 km of greenstone belt identified.
  • Grab samples returned gold values up to 4.7 g/t Au.
  • Future Plans: Property-wide magnetic survey planned for Q1 2026; initial drilling planned for Q2 2026.
• Corporate Action (RSU Grant):
  • Granted an aggregate of 1,000,000 restricted share units to a director and officer.
  • Each unit is convertible into one common share for no additional consideration.
  • Vesting date: January 15, 2027.

Notable Quotes

• "Gold is reasserting itself as a monetary asset at a time when confidence in traditional financial systems is increasingly being tested," said CEO Adam Berk.
• "One Bullion is built for this environment. We control large, district-scale land packages in proven, mineral-rich greenstone belts and have moved beyond early stage exploration by delivering tangible technical results and advancing multiple projects toward drilling."