RCS - Metals One PLC - Investee Company Update: Evolution Energy Minerals

Metals OneAnnouncement

20/11/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251120:nRST3386Ia&default-theme=true

RNS Number : 3386I  Metals One PLC  20 November 2025

20 November 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Investee Company Update: Evolution Energy Minerals

 

Chikundo Copper Project: Expanded Soil Programme Commencing 24 November 2025

 

Metals One (AIM: MET1), a critical and precious metals exploration and
development company, is pleased to note an announcement today by Evolution
Energy Minerals Limited (ASX: EV1, FSE: P77) ("Evolution") providing an update
on the planned soil sampling programme at the Chikundo Copper-Lead-Zinc
Volcanic Hosted Massive Sulphide ("VHMS") prospect, located within the Chilalo
Project tenements in southeast Tanzania.

 

Metals One owns approximately 16.9% of Evolution's issued share capital.

 

The highlights from Evolution's announcement follow below, and its full
announcement can be viewed via Evolution's website at
https://evolutionenergyminerals.com.au/asx-announcements/
(https://evolutionenergyminerals.com.au/asx-announcements/)

 

Highlights

 

·    Major copper-focused soil programme to commence 24(th) November 2025,
advancing the emerging Chikundo VHMS copper system in Tanzania

·    Updated soil programme design now includes 1,558 samples planned
across two priority grids covering the 1.6 km Chikundo copper corridor and the
northeast anomaly

·    High-grade historical drilling by IMX confirms bedrock copper
sulphides, including:

o  0.40m @ 5.27% Cu, 15.05 g/t Ag (NRD11-047)

o  6m @ 0.50% Cu, including 0.6m @ 1.35% Cu (NRD11-050)

·    Recent Evolution sampling returned highly anomalous copper, including
5,340 ppm Cu from gossanous material southwest of the Malachite Pit

·    Visible chalcopyrite beneath malachite continues to reinforce the
strength and continuity of copper at surface

·    New interpretation of regional VTEM data outlines a large volcanic
caldera, a setting associated with multi-deposit VHMS districts globally with
Chikundo positioned on its southern margin

·    Sampling expected to take 8-12 weeks, with results released as a
single, integrated dataset

·    Programme designed to prioritise targets ahead of 2026 RC drilling

 

Daniel Maling, Managing Director of Metals One, commented:

 

"As an investor in Evolution, Metals One is very encouraged to see that the
programme to advance the Chikundo Copper Project will commence next week. This
programme, which has now been expanded to include additional samples, will
allow Evolution to refine the highest-priority copper targets in what they
believe could be a much larger system, with RC drilling at Chikundo on their
radar for 2026."

 

Enquiries:

 

 Metals One Plc                                           info@metals-one.com (mailto:info@metals-one.com)

 Daniel Maling, Managing Director                         +44 (0)20 7981 2576

 Beaumont Cornish Limited (Nominated Adviser)             +44 (0)20 7628 3396

 James Biddle / Roland Cornish
 Capital Plus Partners Limited (Broker)                   +44 (0)207 432 0501

 Jonathan Critchley
 Vigo Consulting (UK Investor Relations)                  IR.MetalsOne@vigoconsulting.com +44 (0)20 7390 0230

 Ben Simons / Fiona Hetherington / Anna Stacey
 Fairfax Partners Inc (North America Investor Relations)  connect@fairfaxpartners.ca (mailto:connect@fairfaxpartners.ca)

                                                          +1 604 366 6277

 

About Metals One

 

Metals One is pursuing a strategic portfolio of critical and precious metals
projects and investments underpinned by the Western World's urgent need for
reliably and responsibly sourced raw materials - and record high gold prices.
Metals One's shares are listed on the London Stock Exchange's AIM Market
(MET1).

 

Map of Metals One projects/investments

 

 

Follow us on social media:

 

LinkedIn: https://www.linkedin.com/company/metals-one-plc/
(https://www.linkedin.com/company/metals-one-plc/)

X: https://x.com/metals_one_PLC (https://x.com/metals_one_PLC)

 

Subscribe to our news alert service on the Investors page of our website at:
https://metals-one.com (https://metals-one.com/)

 

About Reach Announcements

 

Reach is an investor communication service aimed at assisting listed and
unlisted (including AIM quoted) companies to distribute media only /
non-regulatory news releases such as marketing messages, corporate and product
information into the public domain. An RNS Regulatory announcement is required
to be notified under the AIM Rules for Companies.

 

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFIFFRLALIFIE



            Copyright 2019 Regulatory News Service, all rights reserved