Brisbane, Australia — January 13, 2026 — Leads & Copy — Adyton Resources Corporation (TSXV: ADY) has announced an updated NI 43-101 Mineral Resource Estimate (MRE) for its Wapolu gold project on Fergusson Island, Papua New Guinea (PNG).
The updated MRE includes 1.0 million tonnes grading 1.00 g/t Au for an indicated resource of 33 koz Au and 12.7 million tonnes grading 0.97 g/t Au for an inferred resource of 393 koz Au. The estimate was prepared by Mining One, with Louis Cohalan (MAIG) as the author.
Adyton’s strategy includes restarting the Wapolu gold project to achieve near-term production and cash flow. The proposed initial operation would involve a shallow open pit ~300kt ROM operation with a simple crush, grind, float flow sheet to produce and market a gold-rich concentrate. On December 10, 2025, Adyton announced it had received a non-binding Letter Of Intent (LOI) from Korean trading group Hyosung TNC Corporation to purchase its Wapolu concentrate.
Key highlights of the announcement include:
Inferred Resource Increase: The Wapolu MRE increases Indicated Resources to 33 koz and Inferred Resources to 393 koz, adding 226 koz versus the prior estimate.
Grade Profile: The near-surface, open pit resource grades ~1.0 g/t Au (1.00 g/t Indicated; 0.97 g/t Inferred), supporting simple, low-cost open-pit mining development scenarios.
Project Advancement: The updated MRE is a key milestone for the Mining Lease Application.
Tim Crossley, Chief Executive Officer of Adyton, stated that the updated Wapolu Mineral Resource strengthens the foundation of their Fergusson Island development strategy. He added that the combination of a near-1.0 g/t gold grade and a more than doubled resource base enhances the potential for a larger operation beyond the initially planned 300,000 tpa Run Of Mine scenario.
Gary Wang, Chief Executive Officer of EVIH, stated that this MRE is very positive for the project and will enable them to finalize the feasibility and financial modelling required to submit the Mining Lease application.
The existing Gameta and updated Wapolu Mineral Resource Estimates are highlighted in Table 1. The current drill programs at both Wapolu and Gameta are in part designed to test depth and strike extensions (with resources open at depth and along strike) but also importantly to increase resource confidence to enable progress to establish reserve estimates and Mining License (ML) applications.
Adyton’s JV partner, EVIH, has completed the current phase of drilling at both Wapolu and Gameta. While lab turnaround times in PNG have faced delays, Gameta samples have been dispatched to an international laboratory.
Key activities underway include:
- Finalizing work streams, reports and compensation agreements for the Mining Lease (ML) application.
- Submission of the Wapolu ML application.
- Responding to information requests from government departments.
- Finalizing equipment selection for long-lead items.
- Gameta, located only 30km away is being fast-tracked to leverage the Wapolu production infrastructure.
The Wapolu gold project is a proposed restart of the past-producing Wapolu mine which operated in the mid 1990’s before shutting down due to low gold prices. The restart of Wapolu is expected to be significantly less complex than a greenfield development, supported by substantial existing infrastructure including airstrips, workshop and warehouse facilities, basic wharf infrastructure and established tailings impoundments.
Adyton’s gold projects are on accessible island locations in PNG. The Gameta and Wapolu projects (in JV with EVIH) are located on Fergusson Island in the Milne Bay province of PNG. The neighboring Gameta project represents an advanced exploration opportunity moving toward permitting and development. Located just 30 km from Wapolu, Gameta benefits from proximity to existing infrastructure, including the Wapolu airstrip, providing potential development and operating synergies.
The Fergusson projects are under an earn-in Joint Venture Agreement with EVIH, granting EVIH the right to acquire up to 50% ownership interest in the project. This interest is contingent on the achievement of certain development milestones and a total investment of up to US$9.5 million.
Louis Cohalan (MAIG), an independent mining consultant and “qualified person” as defined in NI 43-101, has reviewed and approved the contents of this release.
The Technical Report, “NI 43-101 updated Mineral Resource Estimate for the Wapolu Project effective December 12, 2025 will be filed within 45 days of this news release.
Dr. Chris Bowden, PhD, GCMEE, FAusIMM(CP), FSEG, the Chief Operating Officer and Chief Geologist of Adyton is a qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of the Company.
For further information, please contact:
Tim Crossley, Chief Executive Officer
E‐mail: ir@adytonresources.com
Phone: +61 7 3854 2389
Phone: +1 778 549 6768
Source: Adyton Resources Corporation
