Highlights

• Vita Resources NL has released a desktop review of the historic Mt Morgans gold mining centre in Western.

• Ninnis Gold is a single exploration licence, E39/2110, covering about 25 square kilometres roughly 30 kilometres west of.

• The company also quotes a historical resource for the Craic deposit as at September 2015, prepared under the.

• Phase 1 auger sampling identified gold soil anomalies in the south-west corner over the soil-covered Mt Morgans BIF.

Vita Resources (ASX:VTA) — NL has released a desktop review of the historic Mt Morgans gold mining centre in Western Australia. The company interprets that the banded iron formation (BIF) and the Celia and Ninnis fault corridors seen at Mt Morgans extend into its Ninnis Gold Project. It also reports that a miscellaneous licence has been granted to support groundwater exploration.

Vita is explicit about the limits of the work. It states that the history of Mt Morgans shows several styles of gold mineralisation in the district but does not establish mineralisation on Vita's own tenure. The announcement contains no drilling intercepts or assay values for Ninnis Gold, and auger results are described only qualitatively.

The project

Ninnis Gold is a single exploration licence, E39/2110, covering about 25 square kilometres roughly 30 kilometres west of Laverton in the Eastern Goldfields. Vita acquired it in November 2025 and describes it as early-stage. The Mt Morgans deposits lie about 6 kilometres to the south.

magnetic imagery suggests northeast-trending faults intersect the Celia and Ninnis corridor beneath soil cover. Vita says the Mt Morgans deposits, including Transvaal and Craic, sit close to that corridor and to such intersections.

Mt Morgans history

Vita cites historical production as context only. Mining began after discovery in 1896. Underground operations to 1952 produced 328,000 ounces at 15 grams per tonne, and open-pit mining from 1988 to 1997 produced 917,000 ounces at 3.2 grams per tonne. Combined, that is 1.245 million ounces at an average of 4 grams per tonne from 9.6 million tonnes of ore. Dacian Gold added 197,728 ounces between 2020 and 2022, taking total production above 1.4 million ounces.

The company also quotes a historical resource for the Craic deposit as at September 2015, prepared under the JORC 2004 code and drawn from a 2013 Dacian Gold announcement: indicated 69,000 tonnes at 8.2 grams per tonne (18,000 ounces) and inferred 120,000 tonnes at 7.1 grams per tonne (27,000 ounces). Vita does not state that this is current or compliant with JORC 2012, and it relates to Craic, not to Ninnis Gold.

Exploration progress

Phase 1 auger sampling identified gold soil anomalies in the south-west corner over the soil-covered Mt Morgans BIF horizon, and a second large, coherent anomaly on the western side. Both are intended for reverse circulation (RC) drilling. Phase 2 auger work is under way to fill the gap over the Celia and Ninnis corridor to the south-east, although wet weather has forced several demobilisations. Desktop work has continued.

Vita interprets the gold anomalism in weathered material as substantially residual, which it says may point to a local bedrock source rather than transported gold. It also treats a historical Mt Morgans cross-section, showing gold-bearing intervals at depth within structurally controlled BIF mineralisation, as a useful precedent for testing the Ninnis auger anomalies.

Groundwater tenure

A miscellaneous licence has been granted under section 91 of the Mining Act 1978 (WA). Vita says this provides a tenure pathway for groundwater exploration and abstraction applications. Bore construction and abstraction approvals are still required, so the licence does not itself confirm any water supply.

Next steps and conditions

The company lists its next steps as completing the auger program and assays, refining the geological interpretation, assessing the continuity of the gold anomalism, ranking targets and then testing priority targets with RC drilling. That drilling is subject to results, satisfactory funding and program planning, and no start date has been given.

The exploration information was compiled by Director Ray Muskett, and the announcement carries the usual forward-looking statement cautions that actual results may differ materially.