Founders Metals starts surveys at Antino project

Executive Summary

• Founders Metals has launched property‑wide airborne geophysical and auger sampling programs at the Antino gold project to support its ongoing 60,000 m drilling campaign.
• The company engaged Expert Geophysics Surveys Inc. for a high‑resolution time‑domain EM and magnetic survey (TargetEM26) covering the entire 20,000‑ha property at 100 m line spacing, with preliminary data expected by mid Q4.
• Auger sampling will generate ~8,000 samples on grids ranging from 400 m to 100 m line spacing, targeting known gold trends (Maria Geralda, Van Gogh, Da Vinci) and expanding regional coverage.

Key Details

• Airborne Geophysics – Coincident time‑domain EM & magnetics survey at 100 m line spacing; helicopter‑borne TargetEM26 system delivering 3‑D conductivity‑resistivity and magnetic data to ~300 m depth.
• Preliminary Data Timeline – First results anticipated in mid Q4 2025.
• Auger Sampling Scope – Approximately 8,000 samples:
• 400 m line spacing with 50 m sample intervals for full‑property coverage.
• 200 m line spacing over historic auger anomalies and surface quartz veining/shearing zones.
• 100 m line spacing grids over Maria Geralda, Van Gogh, Da Vinci trends (in progress).
• Current Drilling Activity – Four rigs operating: two at Upper Antino, one newly mobilized to Parbo, and one at Maria Geralda. Highlights include:
• Extension of gold mineralization at Upper Antino between “Froyo” and “Donut”.
• Maiden 2,000‑m drill program at the Parbo target.
• Expanded drilling at Maria Geralda following MG003 intercept of 22.5 m @ 11.88 g/t Au and a 1,300 m auger gold anomaly.
• Additional Field Work – Ongoing trenching, mapping, and prospecting to define structural controls for second‑phase drilling on Van Gogh, Da Vinci, and Lawa targets during the dry season.
• Auditor Change Notice – Board appointed Davidson & Company LLP as new auditor effective 15 Sept 2025, replacing MS Partners LLP (resigned 8 Sept 2025).

Notable Quotes

“More than half of the Antino property remains completely unexplored by modern systematic exploration methods… We are continuing aggressive exploration drilling on the project with our ongoing 60,000 m program, and we look forward to providing an update to the market with results in the near term.” – Colin Padget, President & CEO.