Eastport Targets -130mGal to -124mGal Gravity Anomalies with SEM007/SEM009 Holes

EVIEVI

Eastport’s Phase 1 drilling at the 100%-owned Semarule REE Project in Botswana has defined a surface syenite intrusion and a subsurface carbonatite prospect highlighted by gravity anomalies of -130mGal to -124mGal. Final holes SEM007 and SEM009 will target these anomalies and launch mineralogical-metallurgical tests on syenite samples.

1. Drilling Progress at Semarule

Eastport has completed six NQ diamond drill holes totaling 1,479.4 m across surface syenite and subsurface targets, including SEM003–SEM006 and SEM008–SEM010. The program has delineated a near-surface syenite intrusion and initial carbonatite indicators, setting the stage for deep testing by SEM007 and SEM009.

2. Gravity Survey Highlights

A ground gravity survey over a 4 × 4 km block with 80 stations at 500 m spacing detected gravity highs (-127 mGal to -124 mGal) and lows (-130 mGal to -127 mGal) that coincide with the identified syenite and potential carbonatite zones. These anomalies provide vectoring targets for the final Phase 1 drill holes.

3. Planned Mineralogical Study and Next Steps

Eastport will drill SEM007 to 200 m and SEM009 to 125 m to test the centres of the gravity low and high respectively. In parallel, an independent mineralogical-metallurgical study of syenite samples will evaluate REE deportment, recovery potential and the feasibility of a near-surface syenite sales product.

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