REG - Fulcrum Metals PLC - Completion of expanded auger drilling programme

Fulcrum MetalsAnnouncement

16/12/2025 07:00

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RNS Number : 6614L  Fulcrum Metals PLC  16 December 2025

 

Fulcrum Metals plc / EPIC: FMET / Market: AIM / Sector: Mining

 

 

16 December 2025

Fulcrum Metals plc

("Fulcrum" or the "Company" or the "Group")

Completion of expanded auger drilling programme at Teck-Hughes

A total of 159 holes drilled to date

Fulcrum Metals plc (AIM:FMET), a company pioneering the use of innovative
technology to recover precious and critical metals from mine waste, announces
the completion of the expanded auger drill programme at the Teck-Hughes gold
tailings project, located in Kirkland Lake, Ontario, Canada.

Further to the Company's announcements on 15 October 2025 reporting the
completion of an initial 94 auger drill holes with gold grades averaging
0.65g/t from surface, and on 25 November 2025 with the expansion of the auger
drill programme, the Company now reports the completion of the expanded auger
drill programme with 159 holes drilled in total. The auger holes have been
drilled from surface to a maximum depth of 12.4 metres.

 

The Company intends to release the results from the auger drill programme
reporting on critical mineral assays of the initial 94 holes followed by gold
and critical mineral assays for the complete programme of 159 auger drill
holes. Timing of these updates are dependent on return of the assay results
from the lab.

 

Ryan Mee, CEO of Fulcrum Metals, commented: "2025 has seen significant
progress in advancing Teck Hughes towards production. The completion of the
auger drill programme marks another major milestone alongside the recently
announced strong preliminary Phase 3 metallurgical results, which demonstrated
gold and silver recoveries of over 70%.

Fulcrum enters Q1 2026 with clear objectives of completing two key workstreams
in parallel - assay reporting and analysis from the auger drill programme and
the completion of the Phase 3 detailed metallurgical and optimisation testing
with Extrakt.

The Company will continue to provide shareholders with regular updates as work
at Teck Hughes advances, including the modelling of a Mineral Resource
Estimate and the next steps towards production."

 

FOR FURTHER INFORMATION

Visit: www.fulcrummetals.com (http://www.fulcrummetals.com)

Follow on X: @FulcrumMetals

Contact:

 Fulcrum Metals PLC
 Ryan Mee (Chief Executive Officer)           Via St Brides Partners Limited

 Allenby Capital Limited (Nominated adviser)
 Nick Athanas / Ashur Joseph                  Tel: +44 (0) 203 328 5656

 Clear Capital Markets Limited (Broker)
 Bob Roberts                                  Tel: +44 (0) 203 869 6081

 St Brides Partners Ltd (Financial PR)
 Ana Ribeiro / Paul Dulieu                    Tel: +44 (0) 20 7236 1177

 

Notes to Editors

 

About Fulcrum Metals PLC

Fulcrum Metals PLC (AIM: FMET) is an AIM listed technology led natural
resources company focused on recovery of precious metals from mine tailings
(previously milled and processed ore) in Canada using environmentally friendly
leaching technology developed by Extrakt Process Solutions LLC and its
associates (together "Extrakt"). Fulcrum's initial projects are the tailing
sites of the former Teck-Hughes and Sylvanite gold mines in the Kirkland Lake
mining camp of Ontario. In addition, the Company has interests in a portfolio
of highly prospective mineral exploration and development projects in both
Ontario and Saskatchewan, Canada.

Fulcrum has an exclusive Master Licence Agreement ("MLA") for the rights to
Extrakt's proven cyanide free leaching technology on gold mine waste sites
over the mining districts of Timmins and Kirkland Lake. These are two of
Canada's biggest gold camps with historical gold production of over 110Moz
over the past 100 years and more than 70 documented legacy mine waste sites.
This presents Fulcrum with the opportunity to develop into a significant,
environmentally friendly, near term gold producer.

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