Aeon Metals (ASX: $AML) Land Access Agreement & Processing Update

Aeon Metals Limited (ASX: $AML) has executed the Cultural Heritage Protection Agreement (CHPA) with the Waanyi PBC and Waanyi People #3 Applicant, allowing the company to recommence activities at Walford Creek. The agreement also enables Aeon to finalize a drill program aimed at increasing the Walford Creek project Resource and to assess different processing alternatives at Walford Creek and at Mt Isa. Aeon has also signed a non-binding MOU with SMAC Development for the potential sale of a portion of its Walford Creek Ore in the form of a Concentrate.

Aeon Metals Executive Chair, Paul Harris, on Land Access Agreement & Processing Update

The Company welcomes the successful completion of negotiations with the Waanyi People resulting in the execution of the new Cultural Heritage Protection Agreement (CHPA). The terms of the Agreement provide a strong commitment to create mutual benefits while continuing to respect the traditional lands, activities, values and the rights of the Waanyi Traditional Owners. The resolution of this matter at this time means that exploration activities for the full 2024 dry season can be undertaken again after a one-year hiatus. The Company is now in the process of finalizing a drill program to both increase the Walford Creek Resource whilst also targeting high grade copper across our project and surrounding tenements. The Company continues to assess different processing alternatives for the Walford Creek Orebody including talking to key stakeholders on processing Ore at Mt Isa whilst also assessing our commodity mix production and will update the market on progression as appropriate. The Company has also recently signed a MOU with SMAC Development with the intention to negotiate the sale and purchase of concentrate from Walford Creek. SMAC is undertaking a Feasibility Study on taking the concentrate from Walford Creek to feed a SMAC-build common user process facility including an acid plant near Cloncurry. This is an exciting development for the region and one of a number of initiatives Aeon in pursuing in relation to its processing.

Aeon Metals Land Access Agreement & Processing Update Summary

Aeon Metals Limited (ASX: $AML) has successfully executed the Cultural Heritage Protection Agreement (CHPA) with the Waanyi PBC, allowing the company to recommence activities at Walford Creek. The agreement also enables Aeon to finalize a drill program aimed at increasing the Walford Creek project Resource and to assess different processing alternatives at Walford Creek and at Mt Isa. Aeon has also signed a non-binding MOU with SMAC Development for the potential sale of a portion of its Walford Creek Ore in the form of a Concentrate. The Company's ambitions include rapidly increasing the Walford Creek project Resource, targeting high-grade copper across its project and surrounding tenements, and assessing different processing alternatives. Aeon's collaboration with SMAC Development for the potential sale of concentrate from Walford Creek demonstrates its commitment to exploring various initiatives in relation to its processing.