Metalicity Limited reports exceptional gold intercept at Pennyweight Point

Metalicity Limited (ASX:MCT) has announced exceptional initial drilling results from its recent drilling program at the Pennyweight Point prospect, part of the Yundamindra Gold Project. The first hole drilled at Pennyweight Point returned an exceptional intercept of 30m @ 3.86 g/t Au from 89m, including 20m @ 4.37 g/t Au from 99m. This marks the Company's maiden drilling program at the prospect, which had significant historical production of 74kt @ 19.3 g/t Au and has previously returned high-grade intercepts. The mineralisation at Pennyweight Point remains open along strike and at depth.

Metalicity Managing Director's Commentary on Initial Assay Results

The Pennyweight Point prospect has not been drilled in over a decade, so the results of our maiden drilling program at the prospect have been eagerly anticipated. Although we have only received assays from the first 2 holes drilled at Pennyweight Point, the excellent results show a high-grade thick intersection of 30m that correlate with historical drilling and clearly demonstrate the outstanding potential of the Yundamindra Project and provides optimism for the remaining assays. With gold prices continuing to hit record highs, it is a great time to build our gold footprint in the area and unlock the substantial potential value at Yundamindra.

Summary of Metalicity's Exceptional Initial Drilling Results

Metalicity Limited has reported exceptional initial drilling results at the Pennyweight Point prospect, part of the Yundamindra Gold Project. The Company's maiden drilling program at the prospect has yielded an outstanding intercept of 30m @ 3.86 g/t Au from 89m, including 20m @ 4.37 g/t Au from 99m. The mineralisation at Pennyweight Point remains open along strike and at depth, presenting significant opportunities for further exploration and development. With the remaining assays pending, Metalicity is optimistic about the potential value at Yundamindra, especially in the current market environment with record high gold prices. The Yundamindra Gold Project, strategically located and easily accessible, holds substantial promise for Metalicity's future endeavors in the gold sector.