Golden Deeps Strikes Exceptional Graceland Critical Metals Discovery

Golden Deeps Uncovers Exceptional Critical Metals Grades at Graceland Prospect

Golden Deeps Limited (ASX:GED) has delivered outstanding results from its Graceland Critical Metals Discoveries by Golden Deeps Ltd, with 34.8% copper, 388 g/t silver, and 237 g/t germanium leading a series of exceptional intersections. The company's 3-D modelling of Induced Polarisation (IP) survey results has identified three significant sulphide targets extending over 800 metres down-plunge from the high-grade gossan zones.

Breakthrough Drilling Results Validate Surface Sampling

The maiden diamond drilling programme has produced spectacular results that validate previous channel sampling. Furthermore, these outcomes demonstrate the exceptional potential of the project area.

Gossan 1 East – Record-Breaking Grades

The eastern gossan zone has delivered remarkable results that exceed industry expectations. The standout intersection includes 1.82m @ 16.6% CuEq (12.8% Cu, 149 g/t Ag, 21.3 g/t Ge, 491 g/t Sb) from surface.

Moreover, the peak interval showcased extraordinary values of 34.8% copper, 388 g/t silver, 58 g/t germanium, and 1,317 g/t antimony. These grades represent some of the highest reported in the region.

Gossan 1 – Consistent High-Grade Zones

In addition to the eastern discovery, Gossan 1 has demonstrated consistent mineralisation across multiple intervals. Key intersections include 3.22m @ 9.4% CuEq (4.60% Cu, 5.87% Zn, 42 g/t Ag, 80.3 g/t Ge, 3.02% Pb) from surface.

The peak interval at Gossan 1 delivered 11.9% copper, 8.29% zinc, 120 g/t silver, and 172 g/t germanium. Additionally, another significant intersection returned 3.48m @ 7.6% CuEq (2.84% Cu, 8.55% Zn, 56 g/t Ag, 52.8 g/t Ge, 1.42% Pb) from 1.2m depth.

These results from the Graceland Critical Metals Discoveries by Golden Deeps Ltd represent some of the highest grades reported in the region. Consequently, copper values have reached levels typically associated with world-class deposits.

Three Major IP Targets Identified – Scale of World-Class Tsumeb Deposit

The detailed geophysical survey has defined three significant IP-chargeability and low resistivity anomalies representing "Tsumeb-scale" critical metals sulphide targets. These discoveries highlight the exceptional scale of the project.

The identified targets include:

• Gossan 1 IP Target: 100m strike-length anomaly extending beyond 150m depth
• Gossan 1 East IP Target: Steeply plunging target extending beyond 150m depth
• Gossan 1 Far East IP Target: The largest and strongest anomaly extending over 300m strike-length to at least 200m depth – completely open to the east

CEO Jon Dugdale commented: "These latest, outstanding, results from our Graceland critical metals prospect give us even greater confidence in our exploration programme, which is targeting similar deposits to the nearby, world-class, Tsumeb copper-silver-zinc-lead-germanium deposit mine just 30km to the north of our high-grade discovery."

Understanding Induced Polarisation (IP) Surveys

What is IP and How Does it Work?

Induced Polarisation is a geophysical technique that measures the chargeability of rocks and minerals. When an electrical current is applied to the ground, certain minerals store and slowly release this charge.

The technique involves injecting electrical current into the ground through electrodes and measuring how different materials respond. Sulphide minerals containing valuable metals like copper, zinc, and silver typically show high chargeability responses, making them easily detectable.

Why Does IP Matter for Investors?

IP surveys provide a cost-effective method for identifying buried ore bodies that may not have surface expression. This allows companies to target drilling more effectively, reducing exploration costs whilst increasing the probability of discovery.

For the Graceland project, the IP anomalies extend over 800 metres in an easterly-plunging corridor. This represents multiple drill targets with potential for significant discoveries analogous to the world-class Tsumeb deposit that produced 27Mt @ 4.3% Cu, 10% Pb, 3.5% Zn, 95 g/t Ag and 50 g/t Ge.

Strategic Location in Proven Critical Metals Province

Golden Deeps' Graceland prospect sits within the world-class Otavi Mountain Land Metallogenic Belt, just 30km south of the renowned Tsumeb mine. This geological province hosts over 600 mineral occurrences and has produced some of the world's highest-grade polymetallic deposits.

Regional Context and Historical Production

The regional context provides compelling evidence for the area's mineral potential. Key regional mines include:

• Tsumeb Mine: Produced 27Mt @ 4.3% Cu, 10% Pb, 3.5% Zn, 95 g/t Ag, 50 g/t Ge
• Kombat Mine: 12.5Mt @ 2.6% Cu, 1.6% Pb, 18 g/t Ag
• Graceland footprint: Similar scale to Tsumeb's geochemical signature over 400m strike-length

The Graceland Critical Metals Discoveries by Golden Deeps Ltd occur within the same geological setting that has produced over 600 documented mineral occurrences. This establishes the region as one of Africa's premier critical metals provinces.

Next Phase: Deeper Drilling Programme

Golden Deeps is advancing plans for a comprehensive deeper drilling programme to test the three major IP targets. However, timing depends on seasonal factors and contractor availability.

Immediate Development Plans

The immediate plans focus on continuing exploration activities across the gossan zones. The company will integrate IP anomaly modelling with geological data to refine targets.

Furthermore, Golden Deeps is advancing drilling contractor negotiations to ensure programme readiness. The company has already identified suitable contractors for the challenging terrain.

Deeper Programme Specifications

The deeper programme will target depths of up to 250m in the first phase. Multiple "Tsumeb-style" Cu-Ag-Zn-Pb-Ge-Sb targets will be tested systematically.

According to the announcement, the company has identified suitable drilling contractors capable of accessing the challenging terrain. Final contract negotiations will proceed once drilling targets are fully defined.

Investment Thesis: Critical Metals Discovery in Tier-1 Jurisdiction

Golden Deeps has positioned itself at the intersection of several powerful investment themes through the Graceland Critical Metals Discoveries by Golden Deeps Ltd. The company operates in a proven geological province with exceptional exploration upside.

Proven Geological Province Benefits

The project benefits from operating in the same metallogenic belt as the world-class Tsumeb deposit. Additionally, the 400m geochemical footprint is comparable to Tsumeb scale.

The three significant IP targets span over an 800m corridor, providing multiple opportunities for discovery. This scale compares favourably with historically successful operations in the region.

Critical Metals Exposure Advantages

The exceptional grades of germanium (up to 237 g/t) and antimony (up to 1,317 g/t) alongside copper, silver, and zinc provide exposure to critical metals. These materials are essential for:

• Semiconductor manufacturing (germanium)
• Defence applications (antimony)
• Renewable energy infrastructure (copper, silver)

Exploration Upside Potential

Three major IP targets remain untested, representing significant exploration upside. The largest IP anomaly extends 300m+ and is completely open for further expansion.

Multiple gossan zones across a 3km mineralised corridor provide additional drilling opportunities. This systematic approach reduces exploration risk whilst maximising discovery potential.

Why Should Investors Follow Golden Deeps?

Golden Deeps has demonstrated the ability to make significant discoveries in a world-class geological province. The drilling results exceed historical channel sampling grades, validating the company's exploration approach.

The company's systematic exploration approach has defined multiple high-priority targets analogous to deposits that have produced exceptional returns for developers. This methodology reduces exploration risk whilst maximising discovery potential.

Key Differentiating Factors

Several factors distinguish Golden Deeps from other exploration companies:

• Tier-1 jurisdiction: Namibia's established mining province with supportive regulatory framework
• Proven deposit types: Targeting analogues to world-class Tsumeb deposits
• Multiple commodities: Copper, silver, zinc, lead, germanium, antimony provide diversified exposure
• Scalable discovery: 800m+ IP corridor with three major targets offers significant expansion potential

The identification of three significant IP anomalies, combined with exceptional maiden drilling results showing up to 34.8% copper and 388 g/t silver, positions Golden Deeps favourably. Consequently, the company represents a compelling critical metals discovery story in one of the world's most prolific metallogenic belts.

The Graceland Critical Metals Discoveries by Golden Deeps Ltd represent a major advancement in critical metals exploration. The project offers significant upside potential due to exceptional drilling grades and three large-scale IP targets in the world-class Otavi Mountain Land. With deeper drilling planned following the Namibian wet season, investors should monitor developments at this emerging Tsumeb-analogous discovery closely.

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