Key Highlights

• Right Resources (ASX:RRE) has identified multiple priority tungsten targets at the Moonlight Prospect within its Blue Project near Tumbarumba, New South Wales.

• Initial rock-chip assays returned tungsten grades up to 0.61% WO3 with anomalous gold grades up to 0.25 g/t Au.

• Mapping has confirmed tungsten mineralisation within an interpreted shear zone extending over 3km of strike and up to approximately 500m wide.

• Multiple outcropping lode structures ranging from 0.5m to 2m wide with visible scheelite have been identified and sampled, with additional assays pending.

Right Resources Limited (ASX:RRE) has reported initial tungsten rock-chip assay results from the Moonlight Prospect, part of the company's Blue Project near Tumbarumba in New South Wales. The results, announced on 5 November 2026, have elevated Moonlight to a priority drilling target within the broader Blue Project portfolio.

Initial Assay Results and Geological Mapping

The first round of rock-chip sampling at Moonlight returned tungsten grades up to 0.61% WO3, accompanied by anomalous gold grades up to 0.25 g/t Au. Geological mapping has confirmed tungsten mineralisation within an interpreted shear zone extending over 3 kilometres of strike and up to approximately 500 metres wide.

Multiple outcropping lode structures have been identified across the prospect, ranging from 0.5m to 2m in width and hosting visible scheelite, a calcium tungstate mineral that is one of the primary ore minerals for tungsten extraction. These structures have been sampled, with additional assays pending.

Of particular interest are pegmatite dykes hosting quartz-tourmaline veining with visible scheelite, which have been identified at multiple locations across the prospect. These represent priority targets for further evaluation and drill targeting.

Accelerated Exploration Following Right to Negotiate

The completion of the Right to Negotiate process for exploration licence EL9889 has enabled accelerated systematic surface mapping and sampling across Moonlight. The field program is focused on defining and ranking tungsten targets ahead of drilling, with the prospect now designated as a priority target within the Blue Project.

The Blue Project encompasses a broader exploration portfolio in the Tumbarumba region, and the emergence of Moonlight as a tungsten target adds a critical minerals dimension to the project's potential. Tungsten is classified as a critical mineral by multiple Western governments due to its applications in defence, aerospace, and advanced manufacturing, and its Supply is heavily concentrated in China.

About the Blue Project

The Blue Project is located in the Tumbarumba region of southern New South Wales, an area with a history of Mining activity. The Moonlight Prospect sits within this broader project area and has emerged as the priority exploration target following the initial mapping and sampling campaign. The geological setting — characterised by shear-hosted mineralisation and pegmatite-associated veining — is consistent with orogenic tungsten systems observed elsewhere in southeastern Australia.

What Comes Next

Right Resources has positioned Moonlight as a near-term drilling target, with the current surface work program designed to define and rank targets before drill testing. The combination of a 3-kilometre mineralised shear zone, multiple lode structures with visible scheelite, and initial assay grades up to 0.61% WO3 provides a foundation for further exploration. The pending assays from additional sampling will help refine the targeting ahead of what the company has indicated will be a drilling program designed to test the most promising zones along the interpreted structure.