Metal Bank (ASX: $MBK) Copper Strategy Update

Metal Bank Limited (ASX: $MBK) has submitted applications for two new copper exploration areas in Jordan and completed an initial field program over a new copper porphyry target area. Positive initial meetings were also held with Saudi Government departments, identifying potential projects of interest. In Australia, the company has a drilling program underway at Millennium to test Fountain Range-Quamby Fault Zone potential and review gold and REE potential at Livingstone and Nanular projects in WA.

Executive Commentary on Recent Developments

Metal Bank Executive Chair, Inés Scotland, stated, 'We have been busy in Jordan and across the MENA region in pursuit of new projects for copper and other critical minerals. In conjunction with the MEMR, we are now progressing applications for exploration rights over two new areas in Jordan. Separately, we were also recently invited to visit Saudi Arabia to discuss potential exploration projects as part of the Saudi government's ongoing commitment to support its domestic mining and resources industry. These initial discussions have been very encouraging, and we are now engaging in Licensing Rounds as part of our broader expansion strategy for minerals exploration in the MENA region.'

Summary of ASX Announcement

Metal Bank (ASX: $MBK) is expanding its copper footprint in Jordan with applications for new exploration areas and completion of an initial field program. The company is also engaging in Licensing Rounds for key exploration projects in Saudi Arabia following positive initial meetings with government departments. In Australia, Metal Bank has a drilling program underway at Millennium and is reviewing gold and REE potential at Livingstone and Nanular projects. The company aims to grow existing resources, secure development and mining rights, and progress scoping and feasibility studies for development and commencement of production at its projects. Metal Bank is committed to a strategy of diversification and growth through the identification of new exploration opportunities and pursuit of other opportunities to diversify the company's assets.