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Highlights - Historical Sample Pulp Reanalysis

· 428 samples collected as part of the relogging and sampling programme of historical CRL drillholes (2017-2018) and previously analysed using the analytical method ME-MS61 were reanalysed for tin ("Sn") using method ME-MS85h, following the change in analysis methodology for tin in cassiterite form reported during the 2025 drilling programme (see RNS 10 November 2025), which showed method ME-MS85h was more appropriate for accurate reporting results for tin in cassiterite form.

· These samples represent previously unrecognised mineralised zones identified through relogging and reanalysis, but primarily unmineralised and minor mineralised infill sections between historic sample intersections, and samples from more tungsten-dominant mineralised zones.

· Re-analysis shows that 78% of the ME-MS85h results reported an increase in previously reported tin grades, including:

o An average increase of 280 parts per million ("ppm") in tin grade, representing moderate increases in most cases.

o Samples that originally assayed >500ppm report an average increase in tin grade of 15%.

o The 27 highest grading samples, which originally reported tin grades >0.14% Sn, report an average increase of 0.32% Sn, highlighting increases due to the improved digestion of cassiterite within more mineralised samples.

· A smaller number of results highlighted new high grade tin intersections within and outside of the Redmoor Sheeted Vein System ("SVS"), including: 1.65 m @ 1.52% Sn from 273.1 m in CRD027 and;

o 1.06 m @ 1.00% Sn from 235.00 m in CRD027 (previously reported as 0.01% Sn)

o 1.75 m @ 0.49% Sn from 352.35 m in CRD027 (previously reported as 0.01% Sn)

o 1.80 m @ 0.78% Sn from 163.10 m in CRD024 (previously reported as 0.02% Sn)

o 1.10 m @ 0.78% Sn from 244.75 m in CRD029 (previously reported as 0.01% Sn)

· Results include two wide and continuous intervals of tin mineralisation intercepted in 2018 drillholes, representing previously unrecognised intersections based on updated analytical methods:

o 8.10 m @ 0.49% Sn from 269.45 m in CRD027 (not previously reported)

o 10.85 m @ 0.33% Sn from 235.00 m in CRD029 (not previously reported)

Going to have to test it soon enough, not sure it will be this week though.

Nearly 4% up in the 1st half hour, very predictable.

Follow my leader lol, definitely a case of who moves 1st here.

Very encouraging for sure, another piece of the jigsaw.

All about the manufacturers, if they are happy to press forwards and actively engaging in testing moving forward, then that speaks volumes.

This ASIC manufacturer has shared its intellectual property, its testing kit, its mining hardware, its information and know how, you would think that would be very encouraging to those invested here.

What else can be said at this stage with NDA’s in place and also competitive edge against competitors.

Looking forward to the results being available in 2 weeks.

This is what I was thinking KK, solid progress, solid testing program, which is expected when a product which could be worth £100’s of millions when released.

Sounds like the ASIC manufacturer is fully on board and that’s what counts.

The MDK-based approach has accelerated the early stages of testing compared to the original plan; however, further time and data is required for model training and validation to ensure robust and reliable preliminary results.

Ignore the noise from the same accounts, they clearly have an agenda, rife across a lot of boards sadly, ruins any chat for genuine investors and genuine news.

This is getting ridiculous, every post made by a share holder is jumped on by you and turned upside down, surely this isn’t right?

This isn’t debate, this is internet trolling and trashing of a chat board.

Between the pair of you I have seen countless people call you out for lying and misleading, faking info on photos and misleading and patent law and how it works. Surely this needs to be stopped?

* around

Thanks for the link, can never have enough info to have a dig arising with.

Https://x.com/QBTOfficial256/status/2049778016474034189?s=20

Looks and sounds very positive. Will be good to see the company update share holders.

Business meetings 1st and forging deals and relationships come 1st, market update 2nd.

In the here and now though, QBT have an ASIC manufacturer who have given up their intellectual property by providing a MDK mining test kit, several miners and full access to source code, basically they have given up everything to QBT.

Now that in itself is something, they obviously like what QBT have so far demonstrated and shared. QBT also have 2 further ASIC companies who have signed NDA’s and will have to give up the same info.

That is on hell of a green flag, it shows the belief so far in QBT.

The last placing was small in comparison to others, we were told by the CEO he is mindful of shareholders and doesn’t want to unnecessarily dilute them, he talked about commercial contracts kicking in.

I will be giving the benefit to them here to prove up.

The target from my understanding, was to have results for the BTC event, to show the ASIC manufacturer who have given QBT miners and code, to have side testing with S9 and another mining unit, to show the 2 remaining NDA companies, to also provide results for any new company who wished to have QBT present to them.

I don’t see, or have any reason to disbelieve that has happened ahead of an official update.

Give them chance, if looks like you are trying to create an issue where there isn’t one Steve.

Again, I will ask, what’s your agenda here?

Markets are all over the place, is it justified, nope, are certain people making lots of money, yep.

Seems a fart is enough to move the markets at the moment.

Steve, you know full well QBT were pushing to have results ready for the ASIC manufacturer and the BTC event, you yourself have highlighted the media interviews and transcripts many times. The main ASIC manufacturer had all its personnel in the same location we were told, I would much rather the CEO was investing his time in this. News will come when it’s ready.

What is your goal here, I have seen you and Phimx being pulled up for trying a misleading narrative.

Steve, I thought results by the end of the month was the goal, I would also imagine that it’s been quite hectic in the run up to the BTC event, preparing for meetings and gathering data to show to new potentials together with the existing.

Hex, I’m lost on this thinking, surely results come before deals, isn’t that how progression works?

Personally I think solid results should give a leg up, the recent funding was only a 1/4 of previous amounts needed for progression, the CEO mentioned being mindful of shareholder dilution and talked about commercial contracts kicking in.

Happy to wait for an update, may take some more shares if weakness in SP.

What’s the deal with these small sells at exactly the same time? Is it some sort of algorithm cheat code?

It’s moving up now, lets see what today bring for us.

Haha, definitely feels like that somedays.