6 August 2025

Guardian Metal Resources plc

('Guardian Metal' or the 'Company')

Pilot Mountain - Significant Drilling Results

Desert Scheelite: Further High-Grade Tungsten, Copper, Silver & Zinc

Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic mineral exploration and development company focused in Nevada, USA, is pleased to announce further drillhole assay results from the Company's ongoing drilling campaign at its 100% owned Pilot Mountain tungsten Project ("Pilot Mountain" or the "Project") located in Nevada, USA. 

Laboratory assay results from drill core samples have been received from the final batch of drillholes at the Desert Scheelite zone covering PM25-41 to PM25-052 (Figure 1, Table 1) with results confirming further significant high-grade tungsten mineralisation over significant widths (Table 2).

To date, a total of 82 drillholes have completed, with 61 drillholes at Desert Scheelite, including 49 resource holes, 7 geotechnical holes and 5 metallurgical holes. At the Garnet Zone all 20 planned resource drillholes have previously been completed and at Porphyry South a single drillhole has been completed to date.  

Oliver Friesen, CEO of Guardian Metal, commented: 

"We are very pleased to now have all of the results in hand from the Desert Scheelite resource drilling, marking another important step toward our goal of delivering Mined in America tungsten to the United States market. Once again, this latest batch of assays has confirmed zones of high-grade tungsten, copper, silver and zinc, with numerous holes returning significant widths of tungsten mineralisation.

"We now eagerly await initial results from our inaugural Garnet Zone drilling and look forward to commencing drilling at Tempiute in the coming weeks. With multiple rigs soon to be mobilised across our Nevada based co-flagship tungsten projects, Guardian Metal is entering one of its most active and potentially value-accretive periods in the Company's history, with significant news flow expected over the coming months."

HIGHLIGHTS

§ Of significance within this particular batch of results is the mineralised widths (>0.10% WO₃) encountered throughout several holes as well as the intersection of multiple broad mineralised intervals.

 

§ These include a mineralised 21.6 m interval in PM25-043, a 33.9 m interval in PM25-045, a 45.7 m interval in PM25-047 and a 24.4 m interval in PM25-051 as well as multiple others throughout the holes reported herein. It is worth noting that the intersections in holes PM25-042, PM25-043 and PM25-045 could be significantly wider accounting for four sample intervals with no core recovery.

 

§ High-grade individual assay results up to 1.09% W0₃, 9.98% zinc (Zn), 337ppm silver (Ag), and 1.3% copper (Cu) with select highlight interval of 8.23m of 1.23 % WO₃Eq or 4.26 % CuEq from PM25-045 nested within a broader 33.9m continuously mineralised interval from that drillhole.

 

§ Initial Garnet Zone drilling analytical results are expected imminently with inaugural results released to the market in the coming weeks.

 

§ Several samples from the Company's newly staked 'Pilot North Project' are now in the laboratory with results expected in the coming weeks.

 

DRILLHOLE INTERSECTIONS

 

§ Drillhole PM25-041 highlight downhole intersections:

 

o  10.4 m @ 0.28% WO₃ from 50.9 m - 61.3 m (10.4 m @ 0.30 % WO₃Eq or 1.03 % CuEq)*, including

-      3 m @ 0.43% WO₃ from 50.9 m - 53.9 m, and

-      1.3 m @ 0.57% WO₃ from 60.0 m - 61.3 m

 

§ Drillhole PM25-042 highlight downhole intersections:

 

o  6.1 m @ 0.29% WO₃ from 57.0 m - 63.1 m (6.1 m @ 0.30 % WO₃Eq or 1.04 % CuEq), including

-      1.5 m @ 0.43% WO₃ from 58.5 m - 60.0 m

 

o  11.9m @ 0.27% WO3, 0.32 % Zn,  4.35  g/t Ag & 628 ppm Cu from 69.1 m - 81.0 m (11.9 m @ 0.33 % WO₃Eq or 1.15 % CuEq), including

-      1.5 m @ 0.41% WO₃ from 75.0 m - 76.5 m

 

§ Drillhole PM25-043 highlight downhole intersections:

 

o  21.6 m @ 0.20% WO₃, 1.82% Zn, 5.19 g/t Au & 2016 ppm Cu from 44.5 m - 66.1 m (21.6 m @ 0.43 % WO₃Eq or 1.49 % CuEq)_, including:

-      4.3 m @ 0.32% WO₃ from 47.6 m - 51.8 m;

-      1.8 m @ 0.29% WO₃ from 54.8 m - 56.6 m

 

o  8.8 m @ 0.29% WO₃, 0.69% Zn, 10.60 g/t Ag & 796 ppm Cu from 74.1 m - 82.9 m (8.8 m @ 0.41 % WO₃Eq or 1.41 % CuEq)

 

§ Drillhole PM25-044 highlight downhole intersections:

 

o  7.2 m @ 0.42% WO₃ from 84.4 m - 91.6 m (7.16 m @ 0.43 % WO₃Eq or 1.47 % CuEq)

o  14.1 m @ 0.34% WO₃, 0.48% Zn, 5.61 g/t Ag & 1671 ppm Cu from 104.9 m - 119.0 m (14.12 m @ 0.45 % WO₃Eq or 1.54 % CuEq)

 

§ Drillhole PM25-045 highlight downhole intersections:

 

o  5.8m @ 0.23% WO₃, 2.18% Zn, 14.15 g/t Ag & 1686 ppm Cu from 63.1 m - 68.9 m (5.79 m @ 0.51 % WO₃Eq or 1.78 % CuEq)

o  33.9 m @ 0.31% WO₃, 1.31% Zn, 28.16 g/t Ag & 1572 ppm Cu from 72.2 m - 106.2 (33.93 m @ 0.57 % WO₃Eq or 1.96 % CuEq) including

-      8.2 m @ 0.60 % WO₃, 3.02% Zn, 67.72 g/t Ag & 4643 ppm Cu from 72.2 m - 80.5 m (8.23 m @ 1.23 % WO₃Eq or 4.26 % CuEq)

`

§ Drillhole PM25-046 highlight downhole intersections:

 

o  13.1 m @ 0.14% WO₃, 0.56% Zn, 6.37g/t Ag & 1334 ppm Cu from 55.2 m - 68.3 m (13.11 m @ 0.25 % WO₃Eq or 0.86 % CuEq), including:

-      4.7 m @ 0.24% WO₃, 0.87% Zn, 9.53g/t Ag & 1910 ppm Cu from 55.2 m - 59.9 m (4.73 m @ 0.40 % WO₃Eq or 1.39 % CuEq)

 

§ Drillhole PM25-047 highlight downhole intersections:

 

o  45.7 m @ 0.24% WO₃ & 15.30 g/t Ag from 74.5 m - 121.5 m (45.65 m @ 0.31 % WO₃Eq or 1.07 % CuEq)**

 

§ Drillhole PM25-048 highlight downhole intersections:

 

o  10.7 m @ 0.35% WO₃, 1.20% Zn & 21.49 g/t Ag from 180.4 m - 191.1 m (12.19 m @ 0.73 % WO₃Eq or 2.53 % CuEq)

o  1.5 m @ 0.74% WO3 & 337.0 g/t Ag from 157.6 m - 159.1 m (1.5 m @ 2.03 % WO₃Eq or 6.98 % CuEq)

 

§ Drillhole PM25-050 highlight downhole intersections:

 

o  7.7 m @ 0.28% WO₃ from 167.0 m - 174.7 m (7.65 m @ 0.30 % WO₃Eq or 1.04 % CuEq)

o  5.9 m @ 0.26% WO₃ from 188.1 m - 194.0 m (5.94 m @ 0.29 % WO₃Eq or 1.00 % CuEq)

 

§ Drillhole PM25-051 highlight downhole intersections:

 

o  24.4 m @ 0.19% WO₃ and 2.88g/t Ag from 127.1 m - 151.5 m (24.39 m @ 0.20 % WO₃Eq or 0.69 % CuEq)

 

^* Metal Equivalents: Copper Equivalent ("CuEq") and W0₃ Equivalent ("WO₃Eq") are calculated using a tungsten price of US $485/MTU, a zinc price of US$1.241/lb, a copper price of US$4.34/lb and a silver price of US$37.39/Oz (see Table 3).

** Includes up to 1.37m core loss around 115.67m downhole.

Cautionary note: The metal equivalent calculations do not consider any metallurgical factors and assume 100% recovery and 100% payability of all metals, as a result the stated equivalents are provided for illustrative purposes only.

 

 

 

I

Figure 1. 2024-25 drillhole map showing the location of all holes drilled to date (excluding Garnet Zone).

 

 

 

 

RESULTS

Table 1: Drillhole collar table (this RNS)

Hole ID	Zone	Easting*	Northing*	Azimuth (deg.)	Dip (deg.)	Down hole depth (m)
PM25-041	Desert Scheelite	424047.09	4248326.18	179.28	-49.61	86.00
PM25-042	Desert Scheelite	424066.04	4248326.55	177.62	-48.8	94.34
PM25-043	Desert Scheelite	424096.28	4248326.06	179.17	-49.48	99.67
PM25-044	Desert Scheelite	424095.36	4248345.86	176.26	-61.27	145.39
PM25-045	Desert Scheelite	424123.22	4248336.47	181.59	-44.25	124.97
PM25-046	Desert Scheelite	424220.96	4248324.66	179.33	-63.83	80.62
PM25-047	Desert Scheelite	423883.57	4248298.74	184.38	-54.92	163.68
PM25-048	Desert Scheelite	423793.49	4248306.58	179.42	-62.42	210.62
PM25-050	Desert Scheelite	423835.16	4248335.13	179.79	-64.63	213.36
PM25-051	Desert Scheelite	423833.96	4248337.35	182.86	-43.51	185.62
PM25-052	Desert Scheelite	423794.59	4248306.12	178.91	-43.65	171.45

Table 1 notes: All holes HQ core diameter. *UTM WGS84 Zone 11N

 

Table 2: Significant Diamond Drillhole Assay Results¹

Drill Hole ID	Downhole Depth (m)		Interval (m)	W	WO3	WO3		Zn		Ag		Cu		Intersection Composites
	From	To		(ppm) a	XRF15C (%) b	(%) c		(%) d		(g/t) a		(ppm) a		(weighted averages)
PM25-041	50.9	53.9	3.00	2,640	0.43	0.43		0.09		1.3		147		10.4m @ 0.28% WO3, 0.1 % Zn,  1.07  g/t Ag & 170 ppm Cu
	53.9	57.0	3.10	570	-	0.07	Δ	0.06		0.5		224
	57.0	58.5	1.50	2,400	0.34	0.34		0.09		1.5		108
	58.5	60.0	1.50	860	0.12	0.12		0.20		1.5		197
	60.0	61.3	1.30	3,740	0.57	0.57		0.08		0.9		137
PM25-042	53.5	56.4	2.90	2,410	0.32	0.32		0.10		0.6		806
	56.4	57.0	0.60	-	-	-		-		-		-		no recovery
	57.0	58.5	1.50	1,570	0.21	0.21		0.08		0.8		137		6.1m @ 0.29% WO3, 0.1 % Zn,  1.32  g/t Ag & 133 ppm Cu
	58.5	60.0	1.50	3,000	0.43	0.43		0.16		2.8		202
	60.0	61.5	1.50	2,540	0.35	0.35		0.12		1.5		117
	61.5	63.1	1.60	1,220	0.16	0.16		0.07		0.3		79
PM25-042	69.1	70.7	1.60	2,250	0.36	0.36		0.31		13.7		670		8.9m @ 0.31% WO3, 0.29 % Zn,  4.9  g/t Ag & 661 ppm Cu	11.9m @ 0.27% WO3, 0.32 % Zn,  4.35  g/t Ag & 628 ppm Cu
	70.7	72.2	1.50	1,960	0.27	0.27		0.19		3.4		753
	72.2	73.6	1.40	2,330	0.35	0.35		0.13		1.5		422
	73.6	75.0	1.40	2,160	0.28	0.28		0.40		1.9		707
	75.0	76.5	1.50	2,670	0.41	0.41		0.21		2.9		534
	76.5	78.0	1.50	1,510	0.19	0.19		0.47		5.0		864
	78.0	79.5	1.50	1,290	0.18	0.18		0.46		3.9		691
	79.5	81.0	1.50	940	0.14	0.14		0.35		1.5		372
PM25-043	44.5	46.0	1.49	800	0.11	0.11		0.04		1.3		141			21.63m @ 0.2% WO3, 1.82 % Zn,  5.19  g/t Ag & 2016 ppm Cu
	46.0	47.6	1.55	1,080	0.15	0.15		0.05		2.0		123
	47.6	49.0	1.45	2,470	0.33	0.33		0.05		0.6		115		4.25m @ 0.32% WO3, 0.04 % Zn,  0.48  g/t Ag & 113 ppm Cu
	49.0	50.3	1.30	2,530	0.40	0.40		0.04		0.6		114
	50.3	51.8	1.50	1,770	0.23	0.23		0.04		0.3		109
	51.8	53.3	1.50	660	-	0.08	Δ	0.04		0.3		72
	53.3	54.8	1.47	480	-	0.06	Δ	0.09		1.2		404
	54.8	55.2	0.40	1,820	0.31	0.31		0.22		6.3		405		1.83m @ 0.29% WO3, 0.08 % Zn,  1.57  g/t Ag & 122 ppm Cu
	55.2	56.6	1.43	2,260	0.29	0.29		0.04		0.3		43
	56.6	58.0	1.40	1,310	0.17	0.17		4.41	Ø	5.9		2,060
	58.0	59.4	1.40	1,100	0.14	0.14		3.00	Ø	2.9		1,205
	59.4	60.4	0.95	2,160	0.29	0.29		2.51	Ø	11.6		3,130		3.5m @ 0.3% WO3, 7.1 % Zn,  20.39  g/t Ag & 10071 ppm Cu
	60.4	61.7	1.30	2,120	0.28	0.28		9.98	Ø	22.1		13,000	β
	61.7	62.9	1.25	2,330	0.33	0.33		7.58	Ø	25.3		12,300	β
	62.9	64.6	1.69	1,030	0.13	0.13		1.16	Ø	5.9		541
	64.6	66.1	1.55	1,060	0.14	0.14		1.04	Ø	4.2		693
	66.1	70.7	4.57	-	-	-		-		-		-		no recovery
	70.7	72.2	1.53	840	0.13	0.13		0.47		7.6		685
	72.2	74.1	1.83	-	-	-		-		-		-		no recovery
	74.1	75.3	1.22	2,420	0.36	0.36		3.10	Ø	53.2		1,955		8.84m @ 0.29% WO3, 0.69 % Zn,  10.6  g/t Ag & 796 ppm Cu
	75.3	76.9	1.61	1,750	0.23	0.23		0.50		10.2		823
	76.9	78.3	1.43	1,510	0.20	0.20		0.67		3.0		1,320
	78.3	79.9	1.61	1,910	0.36	0.36		0.13		1.5		475
	79.9	81.4	1.44	2,250	0.45	0.45		0.11		1.6		327
	81.4	82.9	1.53	1,190	0.16	0.16		0.12		2.2		131
PM25-044	84.4	85.7	1.27	870	0.12	0.12		0.04		0.3		284		7.16m @ 0.42% WO3, 0.02 % Zn,  0.45  g/t Ag & 254 ppm Cu
	85.7	87.2	1.50	5,310	1.09	1.09		0.01		0.5		250
	87.2	88.8	1.55	1,780	0.25	0.25		0.01		0.7		244
	88.8	90.3	1.50	2,360	0.32	0.32		0.02		0.3		284
	90.3	91.6	1.34	1,730	0.24	0.24		0.03		0.5		208
PM25-044	104.9	106.5	1.57	2,970	0.42	0.42		0.06		0.8		153		14.12m @ 0.34% WO3, 0.48 % Zn,  5.61  g/t Ag & 1671 ppm Cu
	106.5	108.0	1.54	3,110	0.43	0.43		0.03		0.3		146
	108.0	109.5	1.49	2,630	0.45	0.45		0.07		6.7		917
	109.5	111.3	1.82	820	0.12	0.12		0.04		4.2		422
	111.3	112.5	1.14	1,690	0.23	0.23		0.06		6.1		428
	112.5	113.5	1.08	950	0.13	0.13		0.16		3.8		389
	113.5	114.9	1.37	2,720	0.38	0.38		0.12		1.6		413
	114.9	116.4	1.52	820	0.12	0.12		0.04		1.9		191
	116.4	118.0	1.53	2,920	0.40	0.40		3.26	Ø	15.8		6,240
	118.0	119.0	1.06	5,590	0.78	0.78		0.97		18.5		9,140
PM25-045	63.1	64.6	1.53	1,770	0.23	0.23		0.06		0.8		61		5.79m @ 0.23% WO3, 2.18 % Zn,  14.15  g/t Ag & 1686 ppm Cu
	64.6	66.8	2.13	1,490	0.31	0.31		2.73	Ø	27.4		2,720
	66.8	68.9	2.13	1,150	0.16	0.16		3.15	Ø	10.5		1,820
	68.9	72.2	3.36	-	-	-		-		-		-		no recovery
	72.2	76.4	4.11	3,660	0.51	0.51		4.56	Ø	61.8		4,260		8.23m @ 0.6% WO3, 3.02 % Zn,  67.72  g/t Ag & 4643 ppm Cu	33.93m @ 0.31% WO3, 1.31 % Zn,  28.16  g/t Ag & 1572 ppm Cu
	76.4	79.0	2.64	4,420	0.80	0.80		1.37	Ø	102.0	λ	5,750
	79.0	80.5	1.48	3,090	0.51	0.51		1.69	Ø	23.0		3,730
	80.5	81.7	1.19	2,400	0.33	0.33		0.61		6.6		1,395
	81.7	83.1	1.40	2,150	0.29	0.29		1.08	Ø	2.6		741
	83.1	84.4	1.37	1,500	0.20	0.20		2.33	Ø	7.5		2,100
	84.4	86.0	1.57	2,470	0.33	0.33		0.90		212.0	λ	242
	86.0	87.5	1.48	1,850	0.24	0.24		3.66	Ø	9.1		3,010
	87.5	89.0	1.52	1,600	0.22	0.22		1.76	Ø	2.4		419
	89.0	90.5	1.53	1,690	0.22	0.22		2.01	Ø	7.7		367
	90.5	92.0	1.47	2,420	0.32	0.32		0.25		0.8		320
	92.0	93.6	1.57	2,820	0.38	0.38		0.08		1.0		229
	93.6	95.1	1.50	2,320	0.32	0.32		0.19		1.0		309
	95.1	96.6	1.55	620	-	0.08	Δ	0.05		0.6		81
	96.6	98.1	1.50	1,420	0.19	0.19		0.04		0.3		95
	98.1	99.7	1.55	560	-	0.07	Δ	0.02		0.8		176
	99.7	101.4	1.75	700	-	0.09	Δ	0.02		0.8		307
	101.4	103.2	1.75	940	0.13	0.13		0.05		0.3		167
	103.2	104.7	1.50	1,920	0.26	0.26		0.12		1.1		218
	104.7	106.2	1.50	840	0.12	0.12		0.26		2.8		345
PM25-046	55.2	56.7	1.53	1,510	0.20	0.20		0.81		18.8		3,560		4.73m @ 0.24% WO3, 0.87 % Zn,  9.53  g/t Ag & 1910 ppm Cu	13.11m @ 0.14% WO3, 0.56 % Zn,  6.37  g/t Ag & 1334 ppm Cu
	56.7	57.6	0.90	2,550	0.36	0.36		1.43	Ø	9.1		3,180
	57.6	58.4	0.77	620	-	0.08	Δ	0.91		5.8		627
	58.4	59.9	1.53	2,110	0.29	0.29		0.59		2.4		160
	59.9	61.4	1.50	130	-	0.02	Δ	0.17		0.8		90
	61.4	62.9	1.50	200	-	0.03	Δ	0.11		0.9		161
	62.9	64.1	1.20	1,350	0.18	0.18		1.36	Ø	6.7		827
	64.1	65.4	1.30	20	-	0.00	Δ	0.08		0.7		92
	65.4	66.9	1.50	1,340	0.18	0.18		0.22		5.9		604
	66.9	68.3	1.38	770	0.11	0.11		0.55		13.1		4,390
PM25-047	74.5	76.0	1.50	3,750	0.49	0.49		0.02		2.7		160		45.65m @ 0.24% WO3, 0.07 % Zn,  15.62  g/t Ag & 144 ppm Cu	(Includes up to 1.37m core loss around 115.67m downhole)
	76.0	77.5	1.50	2,840	0.36	0.36		0.03		1.6		90
	77.5	79.0	1.50	3,470	0.48	0.48		0.02		2.3		65
	79.0	80.5	1.48	1,530	0.20	0.20		0.04		2.7		60
	80.5	82.0	1.50	3,850	0.53	0.53		0.02		2.1		52
	82.0	83.5	1.50	3,370	0.46	0.46		0.01		1.1		46
	83.5	85.0	1.50	1,650	0.22	0.22		0.02		0.3		36
	85.0	86.1	1.08	530	-	0.07	Δ	0.03		0.3		49
	86.1	87.8	1.69	350	-	0.04	Δ	0.13		14.3		263
	87.8	88.5	0.71	1,080	-	0.14	Δ	0.02		1.3		44
	88.5	89.8	1.32	610	-	0.08	Δ	0.13		31.4		153
	89.8	91.3	1.50	1,280	-	0.16	Δ	0.04		0.9		107
	91.3	92.6	1.30	2,940	0.38	0.38		0.20		35.7		264
	92.6	93.7	1.10	1,360	-	0.17	Δ	0.09		46.1		101
	93.7	95.8	2.10	1,830	0.29	0.29		0.31		107.0	λ	163
	95.8	97.3	1.50	1,690	0.22	0.22		0.09		34.9		72
	97.3	98.8	1.50	1,950	0.35	0.35		0.38		79.8		199
	98.8	100.3	1.50	140	-	0.02	Δ	0.05		3.7		50
	100.3	101.6	1.30	2,480	0.34	0.34		0.01		0.3		14
	101.6	102.5	0.90	210	-	0.03	Δ	0.03		1.3		72
	102.5	104.0	1.50	140	-	0.02	Δ	0.01		0.3		59
	104.0	105.5	1.50	50	-	0.01	Δ	0.01		0.8		372
	105.5	106.8	1.27	840	0.12	0.12		0.02		1.5		874
	106.8	108.4	1.61	970	0.13	0.13		0.04		2.7		164
	108.4	109.7	1.32	280	-	0.04	Δ	0.01		0.3		109
	109.7	111.2	1.50	2,540	0.45	0.45		0.01		0.3		217
	111.2	112.1	0.92	2,190	0.44	0.44		0.02		0.9		90
	112.1	113.6	1.50	2,640	0.34	0.34		0.14		52.5		50
	113.6	115.1	1.50	3,060	0.40	0.40		0.01		0.5		130
	115.1	115.7	0.55	1,490	-	0.19	Δ	0.02		0.3		85
	117.0	118.5	1.50	2,940	0.39	0.39		0.02		7.3		65
	118.5	120.0	1.50	700	-	0.09	Δ	0.06		12.4		201
	120.0	121.5	1.50	1,580	0.20	0.20		0.05		4.1		178
PM25-048	157.6	159.1	1.50	2,790	0.74	0.74		0.67		337.0	λ	79
	180.4	182.0	1.55	2,090	0.29	0.29		1.33	Ø	11.7		106		12.19m @ 0.4% WO3, 1.14 % Zn,  60.31  g/t Ag & 787 ppm Cu
	182.0	182.8	0.80	2,400	0.30	0.30		1.89	Ø	3.5		261
	182.8	183.7	0.97	4,190	1.06	1.06		2.16	Ø	9.0		4,880
	183.7	185.2	1.50	1,360	0.19	0.19		0.13		0.3		139
	185.2	186.7	1.50	2,830	0.37	0.37		1.56	Ø	88.1		706
	186.7	188.2	1.50	4,130	0.57	0.57		1.91	Ø	4.5		1,690
	188.2	189.8	1.55	250	-	0.03	Δ	0.23		6.0		47
	189.8	191.1	1.32	1,600	0.21	0.21		1.12	Ø	39.0		377
PM25-050	167.0	168.0	1.00	810	0.11	0.11		0.02		1.1		89		7.65m @ 0.28% WO3, 0.03 % Zn,  3.62  g/t Ag & 154 ppm Cu
	168.0	168.9	0.90	3,000	0.40	0.40		0.02		1.9		477
	168.9	170.2	1.25	3,060	0.42	0.42		0.02		3.8		461
	170.2	170.8	0.65	560	-	0.07	Δ	0.01		2.8		37
	170.8	172.3	1.48	2,620	0.34	0.34		0.02		0.3		15
	172.3	173.6	1.27	1,760	0.23	0.23		0.02		0.5		6
	173.6	174.7	1.10	2,100	0.28	0.28		0.08		15.7		30
PM25-050	188.1	189.5	1.44	3,360	0.45	0.45		0.02		2.7		57		5.94m @ 0.26% WO3, 0.06 % Zn,  4.25  g/t Ag & 159 ppm Cu
	189.5	191.1	1.61	680	-	0.09	Δ	0.15		8.6		108
	191.1	192.5	1.39	2,520	0.35	0.35		0.06		4.1		329
	192.5	194.0	1.50	1,530	0.20	0.20		0.02		1.2		154
PM25-051	127.1	128.6	1.53	1,770	0.24	0.24		0.01		0.3		26		24.39m @ 0.19% WO3, 0.03 % Zn,  2.88  g/t Ag & 49 ppm Cu
	128.6	130.2	1.52	980	-	0.12	Δ	0.00		0.3		49
	130.2	131.4	1.22	2,510	0.35	0.35		0.00		0.3		18
	131.4	132.6	1.27	440	-	0.06	Δ	0.02		0.3		24
	132.6	134.1	1.50	1,670	0.22	0.22		0.08		1.7		37
	134.1	135.6	1.50	550	-	0.07	Δ	0.12		30.2		114
	135.6	137.3	1.67	30	-	0.00	Δ	0.02		1.8		219
	137.3	138.8	1.46	180	-	0.02	Δ	0.05		3.2		28
	138.8	140.1	1.28	1,250	0.17	0.17		0.01		1.3		39
	140.1	141.2	1.17	1,920	0.25	0.25		0.02		2.5		34
	141.2	142.4	1.20	560	-	0.07	Δ	0.03		1.8		57
	142.4	144.1	1.63	590	-	0.07	Δ	0.02		1.7		37
	144.1	145.7	1.64	30	-	0.00	Δ	0.01		0.3		16
	145.7	147.2	1.50	4,460	0.59	0.59		0.01		0.3		27
	147.2	148.4	1.25	2,290	0.41	0.41		0.02		1.8		36
	148.4	150.0	1.52	2,960	0.40	0.40		0.01		0.3		33
	150.0	151.5	1.53	1,400	0.19	0.19		0.01		0.3		12

Table 2 notes: Summary of certificated assay results provided by accredited laboratory ALS USA Inc

Analytical methods utilised:  ME-ICP61 for all samples, with ME-ICP61 overlimit samples also analysed using Ore Grade packages Ag-OG62, Cu-OG62, Pb-OG62, Zn-OG62, and W-XRF15c for high-grade tungsten.

ppm: parts per million, 10,000 ppm = 1%

a: ALS method ME-ICP61;

b:  WO₃ % from method ME-XRF15c

c: ALS method Zn-OG62

Δ: denotes WO₃ % calculated using W ppm (ME-ICP61) calculated as W % multiplied by 1.2611

F: denotes Zn % from overlimit method  Zn-OG62

β denotes Cu % from overlimit method  Cu-OG62

λ denotes Ag g/t from overlimit method  Ag-OG62

 

Table 3: Summary of Calculated Metal Equivalents for Significant Diamond Drillhole Assay Results¹

Hole ID	Down hole (m)			Metal Equivalents
	From	To	Interval	CuEq (%)	WO3EQ (%)
PM25-041	50.9	61.3	10.4	1.03	0.30
PM25-042	57	63.1	6.1	1.04	0.30
	69.1	78	8.9	1.28	0.37
	69.1	81	11.9	1.15	0.33
PM25-043	47.55	51.8	4.25	1.12	0.32
	54.77	56.6	1.83	1.07	0.31
	59.4	62.9	3.5	4.33	1.26
	44.51	66.14	21.63	1.49	0.43
	74.07	82.91	8.84	1.41	0.41
PM25-044	84.43	91.59	7.16	1.47	0.43
	104.9	119.02	14.12	1.54	0.45
PM25-045	63.09	68.88	5.79	1.78	0.51
	72.24	80.47	8.23	4.26	1.23
	72.24	106.17	33.93	1.96	0.57
PM25-046	55.17	59.9	4.73	1.39	0.40
	55.17	68.28	13.11	0.86	0.25
PM25-047	75.89	121.54	45.65	1.07	0.31
PM25-048	157.6	159.1	1.5	6.98	2.03
PM25-048	180.42	191.11	10.69	1.91	0.55
PM25-050	167	174.65	7.65	1.04	0.30
	188.06	194	5.94	1.00	0.29
PM25-050	127.1	151.49	24.39	0.69	0.20
Basket Prices (as of 5 August 2025)
Tungsten (WO3) Price ($/MTU)	485.0
Silver Price ($/Oz)	37.39
Zinc Price ($/lb)	1.2412
Copper Price ($/lb)	4.340
Cautionary note: The metal equivalent calculations do not consider any metallurgical factors and assume 100% recovery and 100% payability of all metals, as a result the stated equivalents are provided for illustrative purposes only.

 

COMPETENT PERSON STATEMENT

The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Guardian Metal Resources plc to provide technical support.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018). The Directors of the Company take responsibility for the contents of this announcement.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the timing and granting of regulatory and other third party consents and approvals, uncertainties regarding the Company's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events. 

Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

For further information visit www.Guardianmetalresources.com or contact the following:

Guardian Metal Resources plc Oliver Friesen (CEO)	Tel: +44 (0) 20 7583 8304
Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson/Jo Turner/Louise O'Driscoll	Tel: +44 20 7213 0880
Shard Capital Partners LLP Lead Broker Damon Heath/Erik Woolgar	Tel: +44 (0) 20 7186 9000