Exploration Results at Byro East Project

Cosmos Exploration Limited (ASX: $C1X) has reported high-grade rock chip assays at its 100%-owned Byro East Project in Western Australia. The results include rock chip sample BY23A0067 collected from the Leatherback L1 mineralised trend, which returned grades of up to 2.20% TREO (33% NdPr), surpassing the previous high of 1.09% TREO from the L2 trend. The company also identified a fifth REE mineralised trend (L5) in the northwest of the Leatherback Alkaline complex, extending the circumference of the 3.5 km long Leatherback magnetic high. Additionally, micro XRF analysis of selected REE mineralised rock chips revealed LREE & HREE mineralisation to primary Monazite and Xenotime, and a nickel laterite sample returned a grade of 0.54% Nickel (Ni) & 0.78% Chrome (Cr).

Executive Commentary on Exploration Results

The new exploration results at Byro East Project are highly encouraging and demonstrate the significant rare earth exploration potential associated with the Silicate-Carbonatite Alkaline Complex. The identification of the fifth REE mineralised trend (L5) and the extension of the mineralised trends indicate a promising search space for higher grades. The micro XRF analysis has provided valuable insights into the mineral compositions and element distributions, further supporting the potential of the project. We are also pleased with the nickel laterite sample results, which indicate the presence of nickel and chrome in the area.

Summary of Exploration Results and Outlook

Cosmos Exploration's latest exploration results at the Byro East Project have revealed high-grade rock chip assays and the identification of a new REE mineralised trend, showcasing the project's significant potential. The company's focus on identifying higher grades within the search space and continuing to explore extensions to the mineralised trends reflects its commitment to maximizing the project's value. The micro XRF analysis has provided valuable insights into the mineral compositions, further supporting the project's prospects. With the ongoing field checks and drill planning, Cosmos is poised to capitalize on the exploration potential at Byro East Project, positioning itself for further advancements in rare earth and nickel-copper-PGE exploration.