Adyton Discovers New Au-Cu Mineralized Zones and Documents Resource Continuity
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
February 18, 2026 NEWS RELEASE
TSX Venture Exchange: ADY For immediate release
FSE: 701GR
ADYTON DISCOVERS NEW AU-CU MINERALIZED ZONES AND DOCUMENTS
RESOURCE CONTINUITY
Brisbane, Australia – February 18, 2026 – Adyton Resources Corporation (TSX Venture: ADY) (“Adyton” or the
“Company”) is pleased to announce successful results from its ongoing drill program at the 100% owned Feni
Island Gold-Copper Project, located within the gold-prolific Lihir Island Chain, Papua New Guinea (PNG).
To date, 10,663m of the ongoing drill program have been completed, successfully achieving its objectives: to
confirm high-grade extensions to the north; and to identify significant new scale potential to the south.
KEY HIGHLIGHTS
High-Grade Northern Expansion: Hole FDD017 returned 1.29g/t Au over 53m, including a high-grade interval
of 3.6g/t Au over 5m with a peak grade of 6.6 g/t Au over 1 m , further defining a northern expansion zone
trending beyond the current resource model. Approximately 35% of gold assays and 100% copper assays
remain pending for the hole;
Major Southern Scale Potential: Geological logging from the south-southwest (SSW) corridor (Holes FDD019,
FDD021, and FDD028) highlights strong vectors toward expansion of the epithermal gold-copper system and
reinforces links to a potential porphyry source, significantly increasing the system’s prospective footprint;
Resource De-Risking & Connectivity: Step-out drilling in "The Gap" (Holes FDD004 & FDD005) demonstrates
continuous mineralization linking key zones, while twin drilling (Holes FDD001, FDD002 & FDD026) validates
historical results, advancing confidence toward upgrading inferred resources to indicated; and
District-Scale Upside: New modelling and reprocessed geophysics define a compelling system-scale
"blueprint" likely linking the Kabang epithermal resource to the deeper Danmagal porphyry target and
unlocking multiple high-priority drill targets.
“Drill hole FDD017 delivered the highest gold grade (peak grade of 6.6 g/t Au) of the current campaign within a broad
highly mineralized interval, providing compelling evidence that the Kabang system remains open to the north and
continues to grow,” said Tim Crossely, CEO. “In addition, integrated interpretive work by Global Ore Discovery,
combined with results from our recent magnetic survey and reprocessed IP data has defined what we believe to be a
key south westerly fluid-flow corridor linking the Kabang epithermal gold system to a deeper porphyry source. This is
a major step forward for the project. It not only strengthens the expansion potential of the existing epithermal
resource but also opens the door to testing a potentially significant porphyry target at depth. We believe we are just
beginning to unlock the full scale of the system.”
NORTHERN EXPANSION: High-Grade Structures Confirmed
Drilling has successfully identified a new mineralized corridor trending north-northeast (NNE), highlighted by assays
from FDD017 and FDD012, as well as visual logging from surrounding later holes (pending assays) FDD018, FDD020,
FDD025. This area represents a high-priority target for resource grade improvement.
Geology: FDD017 intersected phreatic breccia in monzodiorite and intense K-feldspar-quartz-sericite
alteration overprinting earlier biotite. This distinct alteration assemblage is associated with high-grade
mineralization and is indicative of a robust and widespread hydrothermal system.
Multi-Element Support: Hole FDD012, also in the NNE corridor, in addition to gold and copper (see Table 1),
returned significant silver and molybdenum values, including: 5m @ 21.16g/t Ag and 7m @ 211ppm Mo
(both from 266m), further validating the presence of a fertile, multi-phase mineralized system in this north-
northeast zone.
SOUTHERN EXPANSION: Expanded Gold-Copper and Vectors Toward Porphyry Source
Drilling to the south-southwest (SSW), specifically holes FDD019, FDD021 and FD028, have opened another major
corridor outside the current MRE block model.
Geological Visuals: Logging and geochemical zonation in this area show distinct vectors trending southwest
(SW) and to depth—directly towards the Danmagal porphyry target.
Porphyry Link : Drilling has encountered apophyses of porphyry-style intrusives and related copper
mineralization (qtz-cpy-mt veins, B,C-veins); geochemistry shows a highly anomalous molybdenum halo
(Mo); and recently for the first time recognised at Kabang, centreline quartz-sulphide veins (B-veins) in the
southern drilling at Kabang - all of these support the geological model that the Danmagal porphyry is the
likely driving source of the Kabang epithermal system. This provides confidence of the scale potential of Feni
to host a Tier-1 deposit similar to neighbours in the Lihir Island Chain.
RESOURCE DE-RISKING & CONNECTIVITY
The current drill program continues to feed into our understanding of the resource, and is successfully de-risking the
resource, specifically increasing confidence and geological continuity.
Closing "The Gap": Holes FDD004 and FDD005 tested a previously undrilled zone between major resource
blocks. Results confirmed continuous mineralization, linking previously disparate zones.
Data Validation : Twin holes FDD001, FDD002, and FDD026 showed a strong correlation with historical
drilling. This validation will be critical for converting a significant proportion of inferred resources to the
higher-confidence indicated category.
FUTURE CATALYSTS & OUTLOOK
Adyton is well-funded (ca. CA$17m, 100% for Feni Project) and executing a systematic growth strategy. Upcoming
milestones include:
Pending Assays: Results pending for FDD017 (all Cu and Au to EOH), plus FDD018 and above. Key holes
upcoming:
o NNE: balance of FDD017, plus FDD018, FDD020, FDD023, FDD025
o SSW: FDD019, FDD021, FDD024, FDD026, FDD028.
Ongoing Drilling: focused on expanding the MRE footprint at Kabang, and testing new targets.
Advanced Geophysics: A new, high-power (100kVa) IP/MT survey is being scoped to detect additional across
island and deeper drill targets, 20x more powerful than the previous IP only system (and very limited previous
footprint) used at Feni.
Spectral Mapping: Deployment of pXRF and spectral mineral mapping (1Q 2026) to generate a 3D alteration
model for precise vectoring of future high-grade drilling.
SIGNIFICANT INTERCEPTS
Table 1 shows the Significant Intercepts for gold and copper assay results received to date. Figures 1 through 6 show
plan maps and cross sections of the drilling and assay results to date. Table 2 provides a summary of the current
status of the Feni drill program (28 drillholes for 10,663m ).
Table 1: Gold and Copper Significant Intercepts from Adyton’s 2021 (ADK) and 2025/2026 (FDD) drilling at the Feni
Island Au-Cu Project (gold, copper and gold equivalent). See footnotes to table: 1 2 3 4
1 Interval widths are “apparent” widths downhole, subject to true width determination.
2 ADK series drilling (2021) reported previously to TSX.V. Au.eq recalculated here.
3 Gold equivalent calculated as: Au.eq = ((Au g/t *0.93) + (Cu% *1.71 * 0.90)). Based on: metal prices of US$2,000/oz Au and
US$5/lb Cu; and recoveries of 93% Au and 90% Cu. Recovery assumptions are speculative as no metallurgical test work have
been completed at Feni but are based on comparable deposits.
4 FDD002 & FDD004 ended in mineralisation.
Gold
(Au g/t)
FDD012 61 105 0.6 0.12 0.73
and 224 81 0.16 0.13 0.35
FDD014 253 51 0.86 0.02 0.83
FDD015
FDD016
FDD017 151 53 1.29 pending 1.29
inc. 198 5 3.6 pending 3.6
FDD017
FDD018 +
ADK001 1 145.8 0.84 0.08 0.91
inc. 63 28 1.64 0.06 1.62
ADK003 55 85 0.63 0.03 0.63
inc. 124 10.2 1.33 0.02 1.27
ADK004 70.7 85.4 0.94 0.57 1.75
inc. 149.7 6.4 1.59 5.07 9.28
FDD001 95 76 1.43 0.03 1.38
FDD002 45 142.2 1.18 0.05 1.17
inc. 45 93 1.58 0.05 1.55
FDD003 70 81 1.12 0.21 1.36
inc. 118 24 1.3 0.51 1.99
and 223 12 0.61 0.23 0.92
and 284 5 0.63 0.49 1.34
inc. 287 1 1.64 1.42 3.71
FDD004 62 229 0.71 0.08 0.78
inc. 62 115 0.92 0.07 0.96
and 383 70.2 0.33 0.21 0.63
FDD005 69 158 0.54 0.14 0.72
inc. 176 32 0.99 0.11 1.09
all remaining assays pending
Previously released:
Hole ID From (m) Interval
(m)
Copper (Cu
%)
Gold Eq.
(Au.eq)
New this release:
assays pending 99m to 162.2m (EOH)
assays pending 55m to 198m, and all Cu
assays pending 209m to 491.6m (EOH) and all Cu
Figure 1: Plan view of the Kabang target with Significant Intercepts on drill traces (noting numerous drillholes
pending assays), with re-processed IP anomaly, and outline of >0.5g/t Au from the current MRE (yellow line).
Figure 2: Plan view overview of recent improved geological and structural understanding at Kabang, and confirming
multiple vectors (geochemistry, geophysics and visuals) towards newly discovered prospective gold-copper corridors.
Figure 3: Cross section of FDD012. Highlighting the significant and broad gold-copper intercepts. Note: 5m @
21.16g/t Ag and 7m @ 211ppm Mo (both from 266m).
Figure 4: Cross section of FDD017. Highlighting the high-grade gold intercepts (all copper pending, plus >200m
to EOH pending Au & Cu assays).
Figure 5 : Cross section of FDD019. Highlighting the visual correlation between leached breccia textures in
FDD019 as identical to mineralized intervals in FDD003 and FDD017.
Figure 6: This long section utilizing recently reprocessed mag and IP data shows the now apparent close correlation
of the Danmagal porphyry system evidenced at depth by magnetics data (red polygon >0.16MVI) and the close spatial
relationship of the Kabang epithermal system (orange 27mRad IP anomaly) and known gold grades. Of note,
geochemical zonation is vectoring towards a hydrothermal fluid source to the SW and to depth – exactly where the
Danmagal porphyry is located. Furthermore, the Kabang drilling has encountered smaller apophyses of porphyry style
intrusives and copper mineralization, and the current geological model suggests that Danmagal is the likely source of
these.
Table 2: Feni Island Gold-Copper Project: drillhole details and status (as of Feb 11 th).
Hole ID Easting Northing RL DIP AZI Depth (m) Status
FDD001 567,648 9,548,228 156 -60 50 396.0 Completed
FDD002 567,245 9,548,135 91 -60 100 195.4 Completed
FDD003 567,348 9,548,221 105 -70 160 421.7 Completed
FDD004 567,469 9,548,209 126 -70 180 453.2 Completed
FDD005 567,571 9,548,247 136 -70 180 839.6 Completed
FDD006 567,782 9,548,230 184 -70 320 412.6 Completed
FDD007 567,469 9,548,305 111 -70 180 468.2 Completed
FDD008 567,886 9,548,273 193 -70 320 67.9 Abandoned
FDD009 567,895 9,548,275 199 -70 320 401.2 Completed
FDD010 567,342 9,548,282 108 -70 180 541.2 Completed
FDD011 568,005 9,548,323 211 -70 320 199.9 Completed
FDD012 567,582 9,548,332 138 -70 180 455.9 Completed
FDD013 567,908 9,548,541 207 -70 180 501.3 Completed
FDD014 567,874 9,548,156 202 -70 320 172.9 Completed
FDD015 567,436 9,548,387 166 -70 180 145.8 Completed
FDD016 567,771 9,548,101 237 -70 320 532.1 Completed
FDD017 567,609 9,548,334 206 -70 140 491.6 Completed
FDD018 567,684 9,548,412 226 -70 180 327.1 Completed
FDD019 567,325 9,547,966 204 -70 90 446.8 Completed
FDD020 567,685 9,548,416 226 -80 360 346.6 Completed
FDD021 567,317 9,547,903 189 -70 90 405 Completed
FDD022 567,800 9,548,350 247 -70 12 34 Abandoned
FDD023 567,810 9,548,365 247 -70 360 228.1 Completed
FDD024 567,239 9,548,024 158 -70 125 501 Completed
FDD025 567,451 9,548,403 226 -70 70 452 Completed
FDD026 567,324 9,548,072 175 -90 360 367.8 Completed
FDD027 567,597 9,548,347 125 -70 320 340.3 In progress
FDD028 567,217 9,547,934 83 -70 210 113.4 In progress
TOTAL (m) 10,663m
Table notes: FDD008 & FDD022 were abandoned at a shallow depth while still in post-mineral cover due to operational issues, redrilled as FDD009
& FDD023 respectively. FDD002 was terminated prematurely due to ground conditions while still in visual mineralisation.
WGS 84 Zone 56S UTM coordinates.
FERGUSSON ISLAND PROGRESS UPDATE
EVIH our JV partner continues to progress in parallel permitting for the Wapolu mine restart along with purchasing
commitments to long lead items and project logistic solutions. In early February, Adyton Managing Director, Tim
Crossley, and EVIH Project lead, Louis Wang, jointly presented the projects restart plans to the Mineral Resources
Authority (MRA). Adyton and EVIH remain confident that a H2 restart of Wapolu will be achieved.
QUALITY ASSURANCE / QUALITY CONTROL
Adyton adheres to industry-recognized standards of Best Practice and Quality Assurance/Quality Control (QA/QC).
Drill core samples were submitted in batches to Intertek Laboratory in Lae, which include a field blank, certified
reference materials (CRMs) and staged duplicates. Samples were sealed using single-use tie-locks ensuring Chain of
Custody. To date, all batches have passed QA/QC, and blanks and CRMs were within acceptable tolerance limits. All
drill holes were drilled and sampled predominantly from PQ and HQ diameter drill core, and to a much lesser extent,
also NQ core. Core recovery is considered to be appropriate.
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.
ABOUT THE FENI GOLD-COPPER PROJECT
The Feni Project is 100% owned by Adyton and is a key asset in Adyton’s portfolio, located in a highly prospective
region of Papua New Guinea on the Lihir Island chain known for world-class gold-copper deposits, including Lihir
(owned and operated by Newmont). The Company has confirmed significant gold-copper mineralization at Feni, with
a focus on expanding its existing resource and identifying new high-grade targets.
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 is focused on the development of gold and copper resources in world class mineral
jurisdictions. It currently has a portfolio of highly prospective mineral exploration projects in Papua New Guinea on which it
is exploring to expand its identified gold Inferred and Indicated Mineral Resources and expand on its recent significant
copper drill intercepts on the 100% owned Feni Island project. The Company’s mineral exploration projects are located on
the Pacific Ring of Fire on easy to access island locations which hosts several globally significant copper and gold deposits
including the Lihir gold mine and Panguna copper/gold mine on Bougainville Island, both neighboring projects to the
Company’s Feni Island project.
Adyton has a total Mineral Resource Estimate inventory within its PNG portfolio of projects comprising indicated resources
of 206,000 ounces gold and inferred resources of 2,193,000 ounces gold (need grade and tonnes).
Feni Island Au-Cu project
The Feni Island Project currently has a mineral resource prepared in accordance with NI 43-101 dated October 14, 2021, which
has outlined an initial inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, for contained gold of
1,460,000 ounces, assuming a cut-off grade of 0.5 g/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 Project currently has a mineral resource prepared in accordance with NI 43-101, which outlined an indicated
mineral resource of 5.0 million tonnes at an average grade of 1.28 g/t Au for contained gold of 206,000 ounces and an inferred
mineral resource of 23.2 million tonnes at an average grade of 0.99 g/t Au for contained gold of 733,000 ounces, both inferred
and indicated resources used a 0.5g/t Au cut-off grade.
See the technical report dated October 14, 2021, 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.
See the technical report dated January 7, 2026, entitled “NI 43-101 Technical Report on Wapolu Gold Project” prepared for Adyton
Resources by Louis Cohalan (MAIG), an independent mining consultant and “qualified person” as defined in NI 43-101. This report
will be filed on SEDAR+ at www.sedarplus.ca within 45 days of this release. Mineral resources are not mineral reserves and have
not demonstrated economic viability.
For more information about Adyton and its projects, visit www.adytonresources.com