Alvo Launches Maiden Diamond Drill Program at C3

• Drilling has commenced at the C3 prospect with initial holes targeting ‘upgrading’ of the Inferred JORC complaint mineral resource (C3 only); 2.8Mt @ 1.1% Cu, 4.3% Zn, 0.2% Pb & 23g/t Ag* • Drilling will aim to confirm exceptional historical drill results at the C3 prospect, which include: o 20.2m @ 2.61% Cu, 10.59% Zn, 0.3% Pb, 29.01g/t Ag & 0.1g/t Au from 50.5m in PM-103-GO** o 11m @ 3.03% Cu,