Argyle Resources Completes Clay Howells 2000 Meter Drilling Campaign

Executive Summary

• Argyle Resources completed a 2,000‑metre diamond‑drilling program at the Clay Howells Rare Earth Element project, drilling seven holes over 20 days.
• All drill cores have been sent to the laboratory; first analytical results are expected in 3–4 weeks, with a second batch in 5–6 weeks.
• The campaign targeted magnetic highs associated with REE‑enriched magnetite‑bearing carbonatite and was executed using helicopter support to minimise environmental impact.

Key Details

• Drilling Scope: 7 diamond‑drill holes; total depth = 2,000 m; average rate ≈ 100 m/day.
• Rig Used: BTW‑core rig operating for 20 consecutive days.
• Logistics: Helicopter transport for drill moves and personnel to reduce ground disturbance; faced variable weather and limited water at some sites but maintained safety standards.
• Target Interpretation: Magnetic anomalies interpreted as REE‑enriched magnetite‑bearing carbonatite zones.
• Sample Submission: Core samples dispatched to laboratory; first analytical batch due in 3–4 weeks, second batch in 5–6 weeks.
• CEO Comment: Jeffrey Stevens expressed optimism about the geological potential and indicated that results will guide future exploration decisions.
• Qualified Person: George Yordanov, P.Geo., Director, reviewed and approved all scientific and technical information per NI 43‑101.

Notable Quotes

“Argyle Resources is pleased to report the completion of a successful 2,000 metre drill campaign. We remain optimistic on the geological potential of the Clay Howells property and look forward to reviewing the results and determining a path forward in the region.” – Jeffrey Stevens, President & CEO.