Guardian Metal Resources plc announced an update regarding its 100% owned Pilot Mountain Project located within the Walker Lake Mineral Belt in Nevada, USA. On February 8, 2024, the Company highlighted the significant garnet potential that exists at Pilot Mountain. As part of multiple project development steps that are currently progressing in parallel, garnet bulk sampling will be commissioned imminently with a circa 300kg composite sample to be shipped to a highly respected laboratory for detailed metallurgical testing within the next few days.

The bulk sample consists of approximately 118m of half-core samples taken from six different historical drill holes. Industrial garnet is demonstrated to comprise an average of 40% of many mineralised intervals across the known deposit areas. Considering the size of the mineral resource at present, the Company is of the belief that the industrial garnet component, subject to completion of the metallurgical study, could be material to overall Project economics.

The results will be incorporated into the pre-feasibility study work that is currently being progressed by the Company in association with its engaged engineers and environmental specialists. A detailed report is expected to be in hand from the engaged engineers shortly and next important steps required for the planned PFS will commence shortly thereafter. The Company has made significant drilling progress since its last update on 25 June 2024 and a further drilling update is expected to be released to the market shortly.

Geophysics results from the Company's largest ever geophysical campaign are expected imminently and will be released to the market as soon as possible.