Meryllion Resources Announces Promising Rare Earth Assay Drill Results in Tasmania

About this update from Meryllion Resources Corp.

Toronto, Ontario--(Newsfile Corp. - June 23, 2026) - Meryllion Resources Corporation (CSE: MYR) ("Meryllion" or the "Company") is pleased to announce promising assay results from its initial shallow scout drilling program (Figure 1) at its northeastern Tasmanian ionic adsorption clay ("IAC") hosted rare earths ("REE") project. Russell's Plains (Launceston) scout drilling has delivered encouraging results and confirms that the rare earth system the company is targeting exists within the project area. Russell's Plain drill target sits along strike of the Portrush IAC hosted REE project of the Abx Group (Figure 2). Drilling highlights include - Figure 1: Trailer-mounted drilling rig in use at Russell's Plains. To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5495/302448_f08ab880f492a879_001full.jpg Meryllion CEO, Richard Revelins, commented: "We are highly encouraged that we were able to demonstrate that our geological theories have been supported by the identification of a potentially large, mineralised target. Being the first drilling program to be undertaken and completed on our leases, we were encouraged leading up to the program by the previous results reported by our immediate neighbours, ABx Group. ABX have already established a JORC compliant resource of 89mt @ 844 ppm TREO (refer ABX announcement dated 5 May 2025). Recent column leach results reported 76% extraction of dysprosium (Dy) and 79% extraction of terbium Tb). Dy and Tb are two of the most valuable rare earth elements and are not typically found to any significant degree in hard rock hosted REE projects. ABX has also demonstrated that the mineralisation is suited to low-cost heap leach processing (refer ABX announcement 18 December 2025). "It was also encouraging that scandium mineralisation has been observed in drilling for the first time in the area and will be further targeted in the coming drill programs. Scandium is a high value critical mineral primarily used in the aluminium alloy industry. Australia is developing a scandium industry, with the standout example of Robert Friedland backed Sunshine Energy Metals having a market cap of > Aus $2.5 billion from its development of the Syerston Project in NSW." Drilling Results The drill hole collar details and a full list of ...

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