Overview of Mount Ridley Mines completion of rock chip sampling program

Mount Ridley Mines Ltd (ASX:MRD) has successfully completed a regional rock chip sampling program over the iron targets defined at the 100% owned Weld Range West Iron Ore Project. The program targeted the outcropping banded hematite/magnetite BIF zones and identified three parallel poorly tested BIF horizons, namely the Madoonga Formation, the Lulworth Formation, and the southern-most Wilgie Mia Formation. Over 204 ground sites will be investigated as part of the rock chip geochemical program.

Chairman's perspective on the completion of the rock chip sampling program

We are pleased to have completed the regional geochemical survey over our Weld Range West Project. We have systemically designed the program to test the extensive Madoonga Formation, Lulworth Formation, and the Wilgie Mia Formation BIF zones within Exploration Licence 20/842. Based on the new findings from the historical airborne geophysics surveys, we have refined our targets based on geochemistry, geology, and structural interpretation. This further supports on-going ground exploration to systematically explore these highly prospective iron-bearing areas.

Summary of rock chip reconnaissance completion and future exploration outlook

Mount Ridley Mines (ASX:MRD) has successfully completed a regional rock chip sampling program over the iron targets at the Weld Range West Iron Ore Project. The identification of three parallel poorly tested BIF horizons and over 204 ground sites for investigation provides a strong foundation for further exploration. The company's focus on refining targets based on geochemistry, geology, and structural interpretation demonstrates a strategic approach to maximizing the potential of the highly prospective iron-bearing areas. With the completion of the rock chip reconnaissance, Mount Ridley Mines is well-positioned to continue its ground exploration and pursue its ambitions in the iron ore sector.