Pilot Mountain – Significant Drill Results

About this update from Guardian Metal Resources

26 November 2024 Guardian Metal Resources plc ('Guardian Metal' or the 'Company') Pilot Mountain - Significant Drill Results Desert Scheelite: Further Very High-Grade Tungsten & Copper Results Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic mineral exploration and development company focused in Nevada, USA, is very pleased to announce further drillhole assay results from the Company's ongoing drilling campaign at its 100% owned Pilot Mountain tungsten Project ("Pilot Mountain" or the "Project) located in Nevada, USA.  Laboratory assay results from drill core samples have been received from the next batch of drillholes covering PM24-014 to PM24-017 with some further very high-grade tungsten and copper results being intersected as well as one of the longest mineralised intervals ever drilled at Pilot Mountain from PM24-017. To date 37 drillholes have been completed, the 38th drillhole is currently underway (Fig. 1). Oliver Friesen, CEO of Guardian Metal, commented:  "Tungsten, classified as a 'Dual-Use' metal, is indispensable in both modern industrial and military applications, making it critical for U.S. national and economic security. Given the current geopolitical climate and the United States' tungsten import reliance, the timing could not be better for Guardian Metal to be advancing its 100% owned Pilot Mountain tungsten Project located in mining friendly Nevada. "With these latest high-grade tungsten and copper drill assay results now reported, we are one step closer to updating the Mineral Resource and mine plan for inclusion in our pre-feasibility study and to the Company's ultimate goal of supporting the United States' onshoring efforts for this very important Dual-Use metal."   Desert Scheelite Highlights:   § Laboratory assay results confirm diamond drillhole PM24-017 at Desert Scheelite has intersected a 46m mineralised interval, one of the longest recorded to date at Pilot Mountain.   § PM24-017 downhole highlight drill intersections comprise:   o 46m @ 0.413% W03, 12.2g/t Ag, 2,476ppm Cu & 0.37% Zn from 66.4 - 112.4m (46m @ 0.55% WO3Eq* or 2.04% CuEq**); including -     10.8m @ 0.681% W03, 1.2g/t Ag, 684ppm Cu & 0.18% Zn  from 66.4 - 77.2m (10.8m @ 0.72% WO3Eq* or 2.67% CuEq**); and -     7.6m @ 0.917% W03, 29.2g/t Ag, ...

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