Spartan Resources Announces Exceptional New Drilling Results

Spartan Resources Limited is excited to provide an update on the exploration activities at its fully owned Dalgaranga Gold Project in the Murchison region of Western Australia. This release highlights new assay results from recent surface drilling at the high-grade Pepper Gold Prospect and the adjacent and expanding Never Never Gold Deposit.

Simon Lawson, Managing Director and Chief Executive Officer of Spartan, commented: "The parent hole to the recently reported deepest intercept at Pepper, which yielded 25.24m at 16.66g/t gold (DGRC1431-DT-W1), has once again surpassed expectations. The new deeper intercept returned an impressive 30.79m at 12.12g/t gold (DGRC1431-DT). These holes, spaced approximately 50m apart, demonstrate the continuity of thick, high-grade gold mineralisation at this exciting and growing prospect.

"The Never Never Gold Deposit also continues to deliver impressive results, with a new thick and consistently high-grade intercept of 19.67m at 19.43g/t gold (DGDH066) within the Inferred area of the existing Mineral Resource Estimate. This nearly 400 gram-meter result supports our goal of converting Inferred ounces to the higher-confidence Indicated category by infilling this part of the existing MRE.

"These intercepts from Pepper and Never Never are our fifth and sixth best-ever drilled at Dalgaranga, highlighting the potential of this mineral system to deliver exceptional results with continued drilling. Additionally, hole DGDH072-W2 returned a lower-grade but still respectable intercept of 11.45m at 2.05g/t gold, indicating potential grade variability around the 800m below surface level, similar to the 450m below surface level 'flexure zone.' We have several assays pending for this area, and we anticipate gaining more insights as results return.

"We are confident that the Never Never Gold Deposit is already established as our premier high-grade gold asset, with Pepper rapidly emerging as a remarkable new high-grade deposit adjacent to our planned underground mining infrastructure. Together, these two deposits will form the core of any future mining operations."