Forsys Reports Drilling Results from Norasa

Executive Summary

• Forsys Metals reported extensive drilling updates for the Valencia deposit, adding 115 boreholes (11,739 m) since its February 26 2025 release.
• Multiple high‑grade uranium intercepts were logged, including a standout 407 ppm eU₃O₈ over 53 m (hole VA25‑229) and 623 ppm eU₃O₈ over 11 m at the Jolie Zone (hole VA25‑273).
• The results support plans to convert 26 Mt of Indicated resources to Measured status, expand the pit shell westward by ~150 m, and potentially increase overall resource tonnage while reducing stripping ratios.

Key Details

• Overall drilling effort: 115 boreholes, 11,739 m total; 10,832 m of downhole gamma survey processed.
• Valencia Main (Infill): 5,787 m in 74 holes since Feb 2025. Highlights:
• 407 ppm eU₃O₈ over 53 m (VA25‑229)
• 364 ppm eU₃O₈ over 55 m (VA25‑264)
• Valencia South: 2 boreholes, 180 m total. Highlights:
• 338 ppm eU₃O₈ over 13 m and 282 ppm eU₃O₈ over 54 m (VA25‑289).
• Valencia West: 7 boreholes, 992 m total. Highlight:
• 271 ppm eU₃O₈ over 9 m (VA25‑288); drill spacing may allow classification as Indicated, potentially extending the pit west ~150 m.
• Valencia East: 11 boreholes, 1,574 m total. Highlight:
• 184 ppm eU₃O₈ over 25 m (VA25‑295).
• Jolie Zone: 12 boreholes, 2,009 m total. Highlight:
• 623 ppm eU₃O₈ over 11 m (VA25‑273); mineralization spans ~350 m strike length.
• Table of intercepts (selected notable grades):
• VA25‑229 – 407 ppm eU₃O₈, 53 m
• VA25‑264 – 364 ppm eU₃O₈, 55 m
• VA25‑273 – 623 ppm eU₃O₈, 11 m (Jolie)
• VA25‑288 – 271 ppm eU₃O₈, 9 m (West)
• VA25‑295 – 184 ppm eU₃O₈, 25 m (East)
• Resource development intent:
• Convert 26 Mt of Indicated to Measured status at Valencia Main.
• Extend pit shell westward and potentially increase overall tonnage.
• Prepare drill platforms at Namibplaas; drilling slated for early September.
• QA/QC program: SGS (South Africa) labs used; 4 % CRMs, 4 % blanks, 8‑10 % duplicates; independent check assays sent to UIS Laboratories.
• Qualified Person: Dr. Guy Freemantle, MSA Group (SACNASP Reg. 117527), reviewed and approved the technical information.

Notable Quotes

“We continue to be very encouraged by results at both the Valencia Main deposit and its surrounding satellite targets… Both ongoing efforts are significantly enhancing resource confidence, while expanding our geological understanding of the deposit and supporting the long‑term growth potential of the project.” – Pine van Wyk, Country Director, Forsys Metals.