Highlights
- The drill rig has arrived on site and commenced operations;
- 13,000 m resource update and expansion campaign aimed at:
- upgrading large areas from the Indicated to the Measured resource category;
- upgrading selected areas from the Inferred to the Indicated resource category;
- expanding the resource to the south along strike;
- exploring the potential of the Eastern Shoreline target to open up a growth corridor.
- Designed to enable a further update of the current MRE and estimate an initial Ore Reserve;
- Provides data to confirm the development strategy for the Bankable Feasibility Study (BFS);
Figure 1: Photo of the drill rig over the first borehole of the 2025 McLaren drilling campaign
Managing Director Simon Finnis commented:
“It is pleasing that this program is now initiating the first formal step of our Bankable Feasibility Study for the McLaren Titanium Project. This program will help confirm the development strategy for McLaren while exploring potential to the south, east, and particularly at depth, as we seek further confirmation of the high-grade lens formation identified during during last year’s drilling program.”
McLaren Minerals Limited (ASX: MML) (“McLaren” or the “Company”) is pleased to announce the commencement of a 13,000 m drilling campaign at the McLaren deposit in Western Australia. The Company is conducting an extensive and structured drilling program aimed at improving classification reliability, providing data for future reserve estimation, and expanding the resource.
Figure 2: McLaren 2026 drill hole locations and targets
Drilling Campaign
Areas targeted for upgrade to the Measured category will be drilled on a 150 m x 150 m grid, oriented perpendicular to the interpreted depositional trend and located within the existing Mineral Resource boundary.
Additional closely spaced variability drilling is planned in selected areas to further refine continuity modeling and support future reserve estimation.
Inferred resource areas targeted for potential upgrade to the Indicated category will be drilled on a 300 m × 300 m grid to improve data density and underpin geological and grade continuity within known mineralized areas; however, any such upgrade must be confirmed by the updated resource estimation process and assessment by a Competent Person.
Strategic drill lines will investigate the previously identified “Eastern Shoreline” target as well as the southwestern margin, assessing interpreted mineralization extensions and strengthening continuity in areas with historical drilling and low data density.
This campaign represents a major step toward development and strengthens the technical foundation required for future reserve assessments and economic studies.
About McLaren Minerals
McLaren Minerals is an exploration and pre-development company focused on developing our high-quality McLaren Titanium Project in the western Eucla Basin of Western Australia. Titanium is considered a critical mineral and is essential for aerospace, defense, and energy technologies. McLaren also recently acquired the zircon-rich Barossa Project, located in the eastern Eucla Basin in South Australia.
This announcement has been authorized by the Managing Director. For further information, please contact:
Simon Finnis
Managing Director
simon.finnis@mclarenminerals.com.au
+61 (0) 418 695 138
Paul Berson
Media and Investor Relations
Corporate Storytime
paul@corporatestorytime.com.au
+61 (0) 421 647 445
McLaren HM deposit, where HM % >2 and Slimes % 38
| JORC Classification | Tonnes (Mt) | HM Grade (%) | HM Tonnes In Situ (Mt) | Slimes (%) | Ilmenite (% of HM) | Rutile (% of HM) | Leucoxene (% of HM) | Zircon (% of HM) |
| Indicated | 249 | 4,70 | 11,8 | 28,9 | 29,8 | 0,7 | 1,9 | 0,6 |
| Estimated | 280 | 4,20 | 11,9 | 31,3 | 27,8 | 0,7 | 1,8 | 0,5 |
| Total | 529 | 4,50 | 23,7 | 30,1 | 28,7 | 0,7 | 1,8 | 0,5 |
Notes:
Due to rounding differences, the total may not correspond to the sum of all components
The Mineral Resource is reported from blocks within the >2% HM mineralization zone, consisting of blocks with >2% HM and 38% slimes.
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. A dry bulk density value of 1.7 t/m³ was assumed for the Mineral Resource.
This announcement contains references to previous announcements filed with the ASX. The Company confirms that there is no new information or data that materially affects these announcements and that all underlying assumptions continue to apply and have not materially changed, including the Mineral Resource Estimate announced on November 18, 2025, and the drilling campaign announcement of February 19, 2026. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
Note/Disclaimer regarding translation (incl. AI support): The original message in the source language (usually English) is the only authoritative, authorized and legally binding version. This German translation/summary is for easier understanding only and may be shortened or editorially condensed. The translation may have been carried out in whole or in part with the aid of machine translation or generative AI (Large Language Models) and has been editorially checked; nevertheless, errors, omissions or shifts in meaning may occur. No guarantee is given for correctness, completeness, topicality or suitability; liability claims are excluded (also in the event of negligence), the original version always applies. This communication does not constitute a buy or sell recommendation and does not replace legal, tax or financial advice. Please refer to the original English message or the official documents on www.sedarplus.ca, www.sec.gov, www.asx.com.au or on the issuer’s website; in case of deviations, only the original applies.
