Background

• Located in Central Europe, the project benefits from existing excellent infrastructure and is strategically positioned close to potential off-takers.

• Velke Tresne Mine is an inactive mine located about 40km North of Brno, the second largest city in the Czech Republic.

• Intermittently mined underground graphite between 1880s to 1960s, producing graphite concentrate by on-site flotation for industrial use.

Geology

• Relatively large high-grade graphite deposit formed by a lens of graphite-rich schist, some marble and zones of massive graphite.

• The lens outcrops, is discrete, about 1.4 km long, 100 m thick, dipping about 25-40 degrees towards W.

• The graphite orebody is well documented by UG sampling and drilling (16 drillholes).

Resource and Exploration Potential

• A near-mine Resource Potential was examined by RPB company in 2025.

• TRPB compiled all historic data, carried out short drill twin to verify old data, and estimated tonnage and grade using an industry-preferred 3D modelling program integrating all geologic and analytical data.

• The resulting non-JORC compliant mineral inventory is 34.90 Mt grading 20.61% C (10% C cut-off), from which 14.97 Mt @ 19.67% C is classified as inferred and 19.92 Mt @ 21.32% C as exploration potential.

• Potential for ~7 Mt of graphite.

Numeric model of the Graphite mineralization at the Velke Tresne deposit.