RE: XCELSIOR21 Jan 2026 10:33
· Supports delivery of a maiden Mineral Resource Estimate ("MRE") at Issia targeted for early 2026;
· Enables processing of extensive eluvial material already collected during the pitting programme;
· Resource target zones are well understood and initial indications are encouraging; and
· Assay results will be announced in batches over the coming weeks.
Karl Akueson, CEO of Switch Metals commented:
"The successful commissioning of our pilot wash plant at Issia marks a pivotal moment as we transition from surface exploration into structured resource definition. Over several years, we have assembled and secured a district-scale land position at Issia covering more than 1,000 km², an area comparable to around two-thirds of Greater London.
"Within this footprint, the Badinikro permit alone covers 112 km² and hosts shallow eluvial coltan mineralisation confirmed through extensive pitting. The pilot wash plant now allows us to process the large volume of material collected, generate the datasets required for our maiden resource and produce representative concentrates as part of the MRE process.
"With global tantalum supply still dominated by the DRC and Rwanda, and downstream users increasingly focused on ethical and traceable sourcing, Côte d'Ivoire offers a compelling alternative.
"I look forward to updating shareholders as the tantalum assay results become available and as we progress towards delivery of our maiden Mineral Resource Estimate, while continuing to demonstrate the scale of the opportunity at Issia."
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