Adyton 2025: Momentum, Execution and a Clear Path Forward
Adyton Resources Corporation Level 7, 300 Adelaide Street Brisbane QLD 4000 Australia (PO Box 10582 Brisbane QLD 4000)
t: +61 (7) 3854 2389 e: [email protected]
TSXV: ADY | adytonresources.com
NEWS RELEASE
December 22, 2025
TSX Venture Exchange: ADY For immediate release
FSE: 701GR
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Adyton 2025: Momentum, Execution
and a Clear Path Forward
Brisbane, Australia – December 22, 2025 – Adyton Resources Corporation (TSX Venture: ADY) (“Adyton” or the
“Company”) is pleased to announce a message from its Managing Director, Tim Crossley.
Tim Crossley, Managing Director
To the Stakeholders and Shareholders of Adyton Resources -
As we approach Christmas and the New Year, I would like to take the opportunity to reflect on the year that has been
and look forward to 2026.
2025 was a transformaƟonal year for Adyton during which we laid the foundaƟons for the Company’s next phase of
growth. Key strategic pillars were implemented, and the Company successfully advanced on the ground exploraƟon
acƟviƟes across both our 100% owned Feni Island Project and the Fergusson Island Projects, located in Papua New
Guinea (“PNG”).
Drilling at the Fergusson projects commenced in late 2024 and con Ɵnued through 2025 while drilling at Feni began
in March 2025, marking an important milestone for the Company. Across all projects, Adyton completed a total of
approximately 16,000 metres of drilling during the year, significantly advancing our understanding of these highly
prospecƟve gold, and in the case of Feni, gold and copper, systems.
Strategy ReflecƟon
In April 2024 the Adyton Board set a strategy to advance all of the Company’s projects concurrently, an ambi Ɵous
objecƟve for a junior explorer with limited funding at the Ɵme. We were, however well posi Ɵoned with several
advanced exploraƟon assets at Fergusson Island ready to enter the permi ƫng phase, alongside Feni Island, one of
the most compelling Tier 1 exploraƟon opportuniƟes in PNG.
The Board also reaffirmed its focus on Island based projects with excellent access and logisƟcs and idenƟfied an
opportunity at Fergusson Island with the clear objecƟve of bringing these assets into cash flow. Achieving this would
enable the ongoing advancement of Feni through internally generated funds while minimising shareholder diluƟon.
I am pleased to report that the execuƟon of this strategy has delivered the outcomes we set out to achieve. Our Joint
Venture partner EVIH, has made strong progress on advancing the Fergusson assets, providing the confidence to
establish a target date for the restart of the Wapolu Project in late 2026. This progress, combined with the Company’s
approximately 20-month cash runway, places Adyton in a very strong posi Ɵon to fully deliver on the intent and
outcomes of the Board’s 2024 strategy.
Feni Island Project
Adyton’s return to on the ground exploraƟon at Feni marked a major inflecƟon point for the Company in H2 2024,
beginning with an extensive field reconnaissance program and a first-ever whole of Island drone magneƟc survey.
This modern geophysical dataset has materially enhanced the Company’s understanding of the mineralized
architecture across Feni and conƟnues to directly inform drill targeƟng.
Building on this momentum, Adyton mobilized PNG based drilling contractor Zenex to site in late February 2025 with
drilling commencing in March. The ini Ɵal program focused on confirma Ɵon and infill drilling at the exis Ɵng Kabang
Resource, providing a strong technical foundaƟon for resource growth. With this work largely complete, drilling has
advanced into step out and expansion mode, targe Ɵng the margins of Kabang and tes Ɵng newly iden Ɵfied
geophysical anomalies that mirror the signatures of known high-grade zones beyond the current resource boundary.
Results to date within the Kabang system have exceeded expecta Ɵons and provide strong confidence that the
ongoing drill program could materially expand the Kabang Resource . Of par Ɵcular excitement are recent step-out
holes southwest of Kabang, where core observa Ɵons and strong near surface visual mineralisa Ɵon indicate the
potenƟal discovery of a previously unrecognized ore zone. This emerging zone highlights the broader scale potential
beyond the limits of the existing Kabang system and reinforces the opportunity for multiple centres of mineralisation
within the Feni project area.
The Company’s recent engagement of Global Ore Discovery and renowned epithermal and Lihir specialist Dr. Erin
Johns has further strengthened the technical team and sharpened the exploraƟon thesis. Their work has re-affirmed
that Feni hosts mul Ɵple Kabang -style epithermal targets alongside high-impact concealed porphyry targets,
posiƟoning th e project as a district- scale explora Ɵon opportunity with significant upside beyond the current
resource.
In parallel with explora Ɵon success, Adyton conƟnues to demonstrate leadership in local engagement and
sustainable development. More than 95% of our Feni workforce are PNG naƟonals with the majority recruited
directly from Feni Island. The Company also maintains a 100% PNG based logisƟcs and supply chain, ensuring the
benefits of exploraƟon acƟvity are felt locally.
Adyton’s commitment to community partnership extends beyond employment. During the year, the Company
supported the Books4PNG Kids charity by providing logisƟcs assistance to deliver educaƟonal materials to children
across Feni Island. ReflecƟng its confidence in the long -term future of the project, Adyton has also commi Ʃed to
supporƟng the recommissioning of the Babase Island airstrip and is funding a clean water supply project for the
nearby Pikan village, both tangible investments that leave a lasƟng posiƟve legacy alongside exploraƟon success.
Fergusson Island
In May 2024, Adyton entered into a Joint Venture agreement with East Vision Investment Holdings (EVIH) providing
EVIH with the right (subject to the achievement of defined milestones) to earn a 50% stake in the Fergusson Island
projects. Importantly the agreement establishes a clear pathway for EVIH’s parent company to provide all required
project financing, significantly de-risking development and funding execuƟon.
Throughout the year, substan Ɵal progress was made at Fergusson Island. 8000 metres of drilling were completed
across the Wapolu and Gameta projects, alongside comprehensive landowner engagement, and the compleƟon of
social and environmental base line studies. Metallurgical test work has advanced to a stage that supports
confirmaƟon of the proposed process flow sheet, and the Company recently executed its first non-binding LeƩer Of
Intent for the purchase of Wapolu concentrate, an important milestone.
Near term ac ƟviƟes are focused on comple Ɵng feasibility studies, submi ƫng Environment permits and advancing
the Mining Lease applicaƟon. In parallel, Adyton is finalising agreements with EVIH to accelerate development at the
Gameta project, posiƟoning Fergusson Island for a clear and well-defined path toward producƟon.
Our key deliverables for 2026
Feni Island – 2026 PrioriƟes
ConƟnue drilling and resource expansion at Feni Island including tesƟng targets beyond the Kabang resource
footprint. The primary objecƟve is to demonstrate that the scale and con Ɵnuity and the structural controls
of the Feni system support expansion of the resource targe Ɵng greater than 5 Moz with an increasing
proporƟon of Indicated resources that underpin feasible and economic mining scenarios;
Target the release of an updated Mineral Resource EsƟmate (MRE) In H2 2026;
Advance a preliminary assessment of the geothermal energy potenƟal on the Island, evaluaƟng its suitability
as a future low-carbon or carbon-neutral power source for a potenƟal mining operaƟon; and
Apply modern exploraƟon vectoring and targeƟng tools to refine geological models and build convic Ɵon in
new, large-scale exploraƟon targets across the broader Feni system.
Fergusson Island – 2026 PrioriƟes
Complete feasibility workstreams and submit Environmental Permit and Mining Lease applica Ɵons to
support the restart of the Wapolu operaƟon;
Secure granƟng of the ML and Environmental approvals, together with compleƟon of all required landowner
agreements;
Commence operaƟons at Wapolu, marking a key transiƟon from development to cash flow generaƟon;
ConƟnue infill drilling at Gameta to expand Indicated Resource, complemented by selecƟve step-out drilling
to test near-mine resource growth potenƟal; and
Advance permiƫng at Gameta including submission of the Mining Lease and ML and Environmental Permit
applicaƟons and compleƟon of all baseline studies and landowner agreements.
None of this progress would have been possible without the dedication of our talented team, the guidance of the
Board and the continued support of our shareholders. I would particularly like to acknowledge the strong support of
our local landowners, especially the family of principal landowner, Vincent Terer, whose partnership is fundamental
to our ability to operate on Feni Island.
I also want to recognize the unwavering commitment of our employees, and particularly Dr. Chris Bowden, our senior
geologists and site leadership team Fred Iwei and Eugene Atase, along with all staff and local stakeholders who
contribute every day to our success.
Finally, I would also like to acknowledge the support of the Mineral Resources Authority along with Provincial and
Local Government support, whose leadership and assistance were instrumental in enabling Adyton to successfully
return to operations on Feni Island.
Tim Crossley
Managing Director
For further information please contact:
Tim Crossley, Chief Executive Officer
E-mail: [email protected]
Phone: +61 7 3854 2389
Phone: +1 778 549 6768
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
ABOUT ADYTON RESOURCES CORPORATION
Adyton Resources Corporation (TSX Venture: ADY) is a gold and copper exploration and development company focused on
world-class mineral jurisdictions. The Company holds a portfolio of highly prospective gold and copper projects in Papua New
Guinea, including the 100%-owned Feni Gold-Copper Project and the Fergusson Island Gold Projects under a Joint Venture
Agreement with EVIH. Adyton is committed to operating in a socially and environmentally responsible manner.
Feni Island Au-Cu project
The Feni Island Project has a MRE prepared in accordance with NI 43-101 (Oct 14, 2021), that has outlined an initial inferred
mineral resource of 60.4mt averaging 0.75g/t Au, for contained gold of 1.46moz Au (cut-off grade 0.5g/t Au). See the NI 43-
101 technical report entitled “NI 43-101 Technical Report on the Feni Gold-Copper Property, New Ireland Province, Papua New
Guinea” prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy
Thomas (MAIG), each an independent mining consultant and “qualified person” as defined in NI 43-101, available under Adyton’s
profile on SEDAR+ at www.sedarplus.ca. Mineral resources are not mineral reserves and have not demonstrated economic
viability.
Fergusson Island Au project
The Fergusson Island Au project has a MRE prepared in accordance with NI 43-101 dated October 14, 2021, which outlined an
indicated mineral resource of 4.0mt at an average grade of 1.33g/t Au for contained gold of 173koz Au and an inferred mineral
resource of 16.3mt at an average grade of 1.02g/t Au for contained gold of 540koz Au. See the technical report entitled “NI 43-
101 Technical Report on the Fergusson Gold Property, Milne Bay Province, Papua New Guinea” prepared for Adyton Resources
by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining
consultant and “qualified person” as defined in NI 43-101, available under the Company’s profile on SEDAR+ at
www.sedarplus.ca. Mineral resources are not mineral reserves and have not demonstrated economic viability.
For more information about Adyton and its projects, visit www.adytonresources.com
Qualified Person
The scientific and technical information contained in this press release has been prepared, reviewed, and approved by Dr Chris Bowden , PhD, GCMEE,
FAusIMM(CP), FSEG, the Chief Operating Officer and Chief Geologist of Adyton, who is a "Qualified Person" as defined by National Instrument 43-101 -
Standards of Disclosure for Mineral Projects.
Forward-looking statements
This press release includes “forward-looking statements”, including forecasts, estimates, expectations, and objectives for future operations that are subject to
several assumptions, risks, and uncertainties, many of which are beyond the control of Adyton. Forward-looking statements and information can generally be
identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans"
or similar terminology. Forward-looking statements in this news release include plans pertaining to the drill program, the intention to prepare additional
technical studies, the timing of the drill program, uses of the recent drone survey data, the timing of updating key findings, the preparation of resource estimates,
and the deeper exploration of high-grade gold and copper feeder systems. The forward-looking information contained herein is provided for the purpose of
assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be
appropriate for other purposes.
Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses, and opinions, which are
based on such management's experience and perception of trends, current conditions and expected developments, the receipt of any necessary permits,
licenses and regulatory approvals in connection with the future development of the projects in a timely manner; the availability of financing on suitable terms
for the development; construction and continued operation of the Fergusson Island Project and the Feni Island Project; the ability to effectively complete the
drilling program; and Adyton’s ability to comply with all applicable regulations and laws, including environmental, health and safety laws.
Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Adyton’s management’s expectations, estimates
or projections concerning future results or events based on the opinions, assumptions and estimates of managements considered reasonable at the date the
statements are made. Although Adyton believes that the expectations reflected in such forward-looking statements are reasonable, such information involves
risks and uncertainties, and under reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects
on future results, performance or achievements expressed or implied by Adyton. Among the key risk factors that could cause actual results to differ materially
from those projected in the forward-looking statements are the following: impacts arising from the global disruption, changes in general macroeconomic
conditions; reliance on key personnel; reliance on Zenex Drilling; changes in securities markets; changes in the price of gold or certain other commodities; change
in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the
business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures,
cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards;
the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and
indigenous populations; availability of and changes in the costs associated with mining inputs and labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Investors are
cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected
in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No
forward-looking statement can be guaranteed, and actual future results may vary materially. Readers are cautioned not to place undue reliance on forward-
looking statements or information. Adyton Resources Corporation undertakes no obligation to update forward-looking information except as required by
applicable law.