REG - Guardian Metal Rsrc. - Pilot Mountain - Porphyry South Results

Guardian Metal ResourcesAnnouncement

19/11/2025 07:00

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RNS Number : 0774I  Guardian Metal Resources PLC  19 November 2025

19 November 2025

Guardian Metal Resources plc

('Guardian Metal' or the 'Company')

Pilot Mountain - Porphyry South Results

Geophysical Survey Highlights Significant Porphyry Target

Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic mineral
exploration and development company, is pleased to announce the results of a
three-dimensional induced polarisation ("IP" or "3DIP") geophysical survey
completed as part of the Company's ongoing porphyry copper-molybdenum (Cu-Mo)
focused exploration campaign at its Pilot Mountain tungsten project ("Pilot
Mountain" or the "Project") located in Nevada, USA.

Final inversion results from the survey have now been received. These have
been integrated with previous IP and magnetic geophysical survey results as
well as geological and geochemical findings from the Company's field
exploration completed to date across the Porphyry South zone.

 

TECHNICAL SUMMARY

 •    IP survey completed over the Porphyry South zone (Figure 1 & 2). The 2025
      survey extended coverage >1 km south from the 2022 survey area following
      the identification of more extensive porphyry-style alteration and
      mineralisation than previously recognised.

 •    A strong chargeable anomaly forms a well-defined halo around the Porphyry
      South magnetic high feature. Strong chargeability zones often coincide with an
      abundance of sulphide mineralisation. This chargeable halo looks to strongly
      represent the porphyry system's "pyrite shell" (or quartz-sericite-pyrite
      halo). Pyrite shells typically represent the outer extents of mineralisation
      within a Cu-Mo porphyry deposit. In porphyry deposits the most enriched part
      of the system is typically immediately between the pyrite shell and the inner
      potassic core.

 •    Importantly, the inner margin of the modelled chargeable halo aligns with
      highest copper results obtained from the surface rock-chip sampling completed
      to date. This could be indicative of a copper enriched shell located between
      the inner high temperature potassic core and the pyrite shell. This feature
      has not been drill tested and constitutes a compelling future drilling target.

 •    The geophysical results have greatly improved the Company's confidence in the
      Porphyry South zone by revealing a clear zonation pattern that is
      characteristic of many significant global porphyry systems. Future drilling
      will prioritise testing the inner portions of the interpreted pyrite shell.

 •    The Company is also hosting third-party site visits focused specifically on
      the porphyry potential at Porphyry South and across the broader Project area.

 •    A comprehensive Pilot Mountain operational update is being prepared by the
      Company and will be released in due course.

 

Oliver Friesen, CEO of Guardian Metal, commented:

"Although our primary focus remains firmly on advancing Pilot Mountain's
tungsten deposits at Desert Scheelite and Garnet, the latest work on Porphyry
South continues to highlight the broader potential of the Project area. The
new results point to a much larger and more coherent porphyry system than
previously understood, with features that are increasingly consistent with a
fertile mineralised porphyry centre.

"These findings reinforce our belief that Pilot Mountain may host meaningful
upside beyond the extremely important tungsten development pathway that is
progressing at pace, and we will continue to advance the porphyry opportunity
in a measured and cost-effective way into 2026."

 

BACKGROUND

The Company drilled hole PM24-002a in 2024 to test the Porphyry South magnetic
anomaly. PM24-002a intercepted 385.1 m of porphyry-style mineralisation and
alteration from immediately beneath overburden at 22m to a downhole depth of
407.1m end of hole (EOH). The intercept included multiple intervals of
potassic alteration and several intervals containing >300 ppm and up to
1,170 ppm molybdenum(1,2). Given the success of the inaugural drillhole, the
Company subsequently retained a porphyry-system specialist, Dr Lawrence
Carter, to evaluate Porphyry South and to guide follow-up exploration
activities.

Field mapping at Porphyry South through 2024 and 2025 has delineated a
sizeable zone of outcropping silicic and quartz-sericite-pyrite ("QSP")
alteration, copper showings, stockwork quartz veins and gossanous breccias in
metasediments intruded by a quartz monzonite. Through geochemical
fingerprinting completed by the Company, the magmatic system was confirmed as
"fertile" for porphyry Cu-Mo mineralisation(3). Previously reported rock chip
sampling from outcrop shows highly elevated copper and molybdenum
concentrations across the majority of Porphyry South (Figure 1). (4) The circa
1 km long "Breccia Ridge Zone" which is defined by gossanous and
cuprite-malachite-tenorite mineralised breccias within Porphyry South is also
highlighted by 15 rock chip samples from along the ridge containing up to
2.05% copper (Figure 1).

SURVEY FINDINGS

Based on the above noted positive findings, the Company expanded the 2022 3DIP
survey grid >1 km to the south to more wholly-map the subsurface
resistivity (a proxy for silicification) and chargeability (a proxy for
sulphide mineralisation) of Porphyry South to assist with future drill
targeting. The 2025 IP grid consisted of 13 north-south oriented survey lines,
spaced at 200 m, that varied in length from 1,200 m to 1,700 m. The data was
integrated with the IP data acquired in 2022.

The latest geophysical data shows an extensive chargeable anomaly (~1 km(2)
area >25 ms, at 200 m depth slice) in the southern part of Pilot Mountain,
which is partly coincident and also appears below an extensive resistive zone
(Figure 1 & 2). Both these resistive and chargeable zones form a "donut"
shaped halo around the Porphyry South magnetic high, which PM24-02a found to
represent a potassically altered quartz monzonite intrusion with
porphyry-style, molybdenite mineralisation, and is interpreted to represent a
lower-grade, high temperature core of the porphyry system.

The Company interprets the resistive zone to represent silicic alteration of
the metasediments since it coincides with outcropping areas of intense quartz
stockwork veining. The extensive chargeable halo is interpreted to represent a
"pyrite shell" to the porphyry system. Pyrite shells typically represent the
outer extents of hypogene mineralisation in porphyry deposits. The inner part
of the chargeable halo coincides with copper and molybdenum rich zones from
previously reported rock chip sampling surveys.(4)

Typically, in porphyry deposits the most copper enriched zones are found
immediately between the pyrite shell and the potassic core (which sits within
the pyrite shell).

Significantly, these newly delineated chargeable and resistive geophysical
features are consistent in nature to, but notably larger than, the Porphyry
Central zone identified by the Company's previous 2022 IP survey (Figure 1).
The single historic (circa 1970s) shallow drill hole completed by the Duval
Corporation within Porphyry Central, hole DH-1-70, reported
quartz-chalcopyrite-molybdenite veins in QSP altered quartz monzonite (i.e.
copper-molybdenum porphyry-style mineralisation).

The integrated (2022 and 2025) IP survey results are now being used to
finalise future drill targets for porphyry style copper-molybdenum
mineralisation at Porphyry South and Porphyry Central.

 

 

 

Figure 1. Map of the Pilot Mountain Project showing the integrated 2022 and
2025 3DIP surveys (200 m depth slice) across the Porphyry South and Porphyry
Central zones. Outline of the Porphyry South magnetic high shown in light
pink, and surface rock chip sample copper (Cu) concentrations as red dots.

 

 

Figure 2. IP inversion model view looking downwards east-southeast at Porphyry
South and Porphyry Central, showing PM24-002a drill collar and trace, dipoles
from 3DIP surveys, >20 ms chargeable zones and >0.02 and >0.04
magnetic susceptibility highs (scale: black drill hole trace is ~400m).

 

COMPETENT PERSON STATEMENT

The technical information contained in this disclosure has been read and
approved by Mr Nick O'Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a
qualified geologist and acts as the Competent Person under the AIM Rules -
Note for Mining and Oil & Gas Companies. Mr O'Reilly is a Principal
consultant working for Mining Analyst Consulting Ltd which has been retained
by Guardian Metal Resources plc to provide technical support.

 

References

 

 (1)  https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-significant-porphyry-update/16589687
      (https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-significant-porphyry-update/16589687)
 (2)  https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-nevada-significant-drill-results/16700934
      (https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-nevada-significant-drill-results/16700934)
 (3)  https://www.londonstockexchange.com/news-article/GMET/geochemical-results-confirm-porphyry-cu-fertility/16758532
      (https://www.londonstockexchange.com/news-article/GMET/geochemical-results-confirm-porphyry-cu-fertility/16758532)
 (4)  https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-porphyry-copper-results/17162830
      (https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-porphyry-copper-results/17162830)

 

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018).

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
timing and granting of regulatory and other third party consents and
approvals, uncertainties regarding the Company's or any third party's ability
to execute and implement future plans, and the occurrence of unexpected
events.

Actual results achieved may vary from the information provided herein as a
result of numerous known and unknown risks and uncertainties and other
factors.

For further information visit www.guardianmetalresources.com
(http://www.guardianmetalresources.com/)  or contact the following:

 Guardian Metal Resources plc                        Tel: +44 (0) 20 7583 8304

 Oliver Friesen (CEO)

 Cairn Financial Advisers LLP (Nominated Adviser)    Tel: +44 (0) 20 7213 0880

 Sandy Jamieson/Jo Turner/Louise O'Driscoll

 Tamesis Partners LLP (Lead Broker)                  Tel: +44 (0) 20 3882 2868

 Charlie Bendon/ Richard Greenfield

 Tavistock (Financial PR)                            Tel: +44 (0) 7920 3150/

 Emily Moss/Josephine Clerkin                        +44 (0) 7788 554035

                                                     guardianmetal@tavistock.co.uk

 About Guardian Metal Resources

Guardian Metal Resources PLC (LON: GMET, OTCQX: GMTLF) is a strategic mineral
exploration and development company driving the revival of U.S. tungsten
production and strengthening America's independence in defense metals. The
Company is advancing two co-flagship tungsten projects, Pilot Mountain, one of
the largest undeveloped tungsten deposits in the U.S. and Tempiute, formerly
America's largest producing tungsten operation, both located in Nevada, one
of the top-rated mining jurisdictions in the U.S.

In July 2025, Golden Metal Resources (USA) LLC, a wholly-owned subsidiary of
Guardian Metal, was awarded US$6.2M from the U.S. Department of War under
Title III of the Defense Production Act of 1950 to support the rapid
advancement and pre-feasibility study for the Pilot Mountain tungsten
Project.  Guardian Metal Resources joined both the Defense Industrial Base
Consortium and the Cornerstone Program. The Company has also announced plans
to pursue a U.S. listing in the first half of 2026.

Tungsten is a strategic mineral essential to the defense, energy transition,
technology, and industrial sectors. Against the backdrop of evolving
geopolitical dynamics and Chinese export restrictions on tungsten, Guardian is
positioned to play the leading role in rebuilding a reliable domestic supply
chain for this critical metal.

 

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