Meridian Mining UK S reported further strong intercepts of shallow copper, gold, silver, and zinc mineralization at the Santa Helena mine. New results include CD-329: 6.8m @ 4.9% CuEq from 38.7m; CD-332: 5.8m @ 4.5% CuEq from 32.2m, and CD-335: 7.2m @ 4.0% CuEq from 35.5m. Drilling continues at Santa Helena and at the Cabacal mine with further results pending.

Santa Helena is evolving to be a second potential open pitable resource target within the Cabacal belt and is only a short trucking distance to the Cabacal mine. Santa Helena is a Cu-Au-Ag & Zn VMS deposit located ~9km to the southeast of the Cabacal Mine. The Company commenced initial drilling in August 2023 as part of a verification program, to validate the historical data in line with NI43-101 requirements, and to initiate scout drilling for resource extensions defined by geophysics.

The latest results have continued to test mineralization in the historical mine area, building out from the earlier CD-325 intersection. The hole terminated in an expected mining void. Results compare to earlier holes at the site, PM01A: 6.2m @ 6.0% Cu, 1.3g/t Au, 52.5g/t Ag & 11.8% Zn) from 33.4m, and JUCHD046: 12.4m @ 5.4% Cu, 1.4g/t Au, 52.,7g/t Ag & 10.5% Zn) from 38.7m.

CD-335 stepped out ~110m east-southeast of CD-325 and was drilled adjacent to two historical holes, PM11A: 7.9m @ 5.5% Cu, 2.5g/t Au, 58.3g/t Ag & 7.6% Zn) from 37.3m, JUCHD041: 10.4m @ 4.2% Cu, 1.5g/t Au., 50.6g/t Ag & 5.8% Zn)from 38.6m. CD-335's result of 7.2m @ 4., 4.0% Cu, 2.1g/t Au, 43.4g/t Ag & 5.,5.4% Zn) from 35.5m indicates good continuity of the massive-breccia-stringer sulphide package. A phase of hydrogeological drilling has been completed as part of the program for environmental licencing.

Some drilling has focussed on testing the lateral limits of the resource in the Cabacal Northwest Extension ("CNWE"), with further results now pending from the mine area and central portion of the CNWE ("CNWE"), with further Results now pending from the mine area.