Graphano Energy Ltd. Receives Final Airborne Geophysical Report at Black Pearl Project and Defines 6.5 km Conductive Trend with Five Priority Target Areas

The most recent news (February 26, 2026) announces the final results of a helicopter-borne geophysical survey at the Black Pearl project in Quebec. The survey identified a 6.5-kilometre conductive trend, significantly expanding the previously known 1.2-kilometre discovery area. Five priority target corridors have been defined for immediate follow-up. This follows successful 2025 drilling which returned high-grade intercepts including 11.33% Cg over 8.61m and surface channel samples as high as 17.9% Cg.

The news is Routine - Positive. While the expansion of the conductive trend to 6.5km is technically significant, it is an incremental exploration step consistent with the "district-scale" potential management has messaged since late 2025. - Validation: It confirms that the high-grade mineralization found in the 2025 drill program (Holes BP25-01 to BP25-09) is likely part of a much larger system. - Operational De-risking: The definition of five discrete corridors allows for more efficient allocation of exploration capital, which is critical given the company's tight cash position. - Expectation Alignment: The market was already aware of the preliminary 1.2km conductor; the 6.5km total trend is a positive surprise in scale but does not yet represent a new discovery of mineralized rock, only the "geophysical signature" of potential mineralization.

Graphano Energy is focused on graphite exploration in the Lac des Iles region of Quebec. - Flagship Project: The Lac Saguay Graphite Project (comprising the LAB and Standard properties). - Resource: 1.64M tonnes Indicated at 7.00% Cg and 1.58M tonnes Inferred at 7.00% Cg (Effective July 2025). - Growth Asset: The Black Pearl project, located immediately east of the Standard mine, which is currently the focus of aggressive exploration following a 2024 grassroots discovery.