Taiton Resources Ltd (ASX:TTN) announced on 26 August 2026 the signing of a binding farm-in agreement with Havilah Resources Ltd (ASX:HAV) over Exploration Licence EL 6468 in South Australia, materially expanding the footprint of the Challenger West Gold-Copper Project. EL 6468 comprises three tenement blocks located proximal to Marmota Ltd's (ASX:MEU) portfolio of gold deposits — including the Greenewood Deposit, where recent drilling has delivered exceptional gold results. Historical exploration within the new tenement area has already identified high-grade gold (up to 5.54 g/t Au) and copper (up to 1.40% Cu) mineralisation at the Endor Prospect, and soil samples submitted during the current programme are pending laboratory analysis.

Farm-In Agreement Terms

Taiton entered into a binding farm-in agreement with Havilah Resources Ltd over EL 6468, which expands Taiton's Challenger West Project footprint. The licence comprises three tenement blocks. The specific earn-in terms and expenditure commitments were not fully detailed in the available announcement extract but the agreement is described as binding and has been executed.

Endor Prospect Historical Results

Historical exploration within EL 6468 was conducted between 1997 and 2003, comprising broadly spaced calcrete sampling, shallow vertical RAB (Rotary Air Blast) reconnaissance drilling averaging 48 metres depth, and limited RC drilling. At the Endor Prospect, historical RAB drilling identified broad zones of anomalous gold (greater than 100 ppb Au) and copper (greater than 1,000 ppm Cu) mineralisation over a strike length greater than 1 kilometre. High-grade assays include up to 5.54 g/t Au and up to 1.40% Cu with logged malachite. The best intersection is 4m at 3.34 g/t Au and 8,198 ppm Cu. A wider best intercept of 9m at 1.57 g/t Au and 0.53% Cu (from 33m) includes 4m at 3.34 g/t Au and 0.82% Cu from 33m in hole EN076. Anomalous gold values (greater than 100 ppb Au) were recorded at the end of some RAB holes, suggesting deeper mineralisation.

Mineralisation Style and Current Programme

Gold-copper mineralisation at Endor is interpreted as predominantly supergene enrichment, forming a broad mineralised envelope up to 100 metres wide in parts. The northeast-trending mineralised corridor is coincident with a regional magnetic feature interpreted from geophysical data. Soil samples collected during the current field programme have been submitted for laboratory analysis, with assays pending to support target generation and refinement. Systematic mapping and sampling are planned to advance targets for near-term drill testing.

About the Company

Taiton Resources Ltd is an ASX-listed explorer focused on the Challenger West Gold-Copper Project in South Australia, located proximal to Marmota Ltd's gold deposits. The company's strategy is to identify and advance gold-copper targets for drilling, building on historical exploration data in the district.

Risks

The Endor historical drilling was last conducted in 2003, using shallow RAB methodology averaging 48 metres depth. RAB drilling is a low-resolution technique and the results, while encouraging, are over two decades old and have not been followed up with modern methods.

Gold-copper mineralisation at Endor is interpreted as predominantly supergene enrichment — a near-surface secondary process. Whether economic primary mineralisation exists at depth beneath the supergene zone has not been tested and remains uncertain.

Soil assay results are pending. The current field programme's contribution to target generation is contingent on these results, which may or may not support drill-ready targets.

No exploration activity has been recorded at EL 6468 since 2003. Data verification and the quality of historic sampling records may introduce uncertainty into the historical result interpretation.

Taiton is a small-cap explorer. Advancing Endor from soil sampling through systematic mapping to drilling requires ongoing Capital that may necessitate future Equity raisings.

What to Watch Ahead

Laboratory assay results from the soil samples submitted during the current Endor field programme — these will provide the modern analytical framework for target prioritisation.

Completion of systematic mapping and sampling to define the full strike extent of the Endor mineralised system beyond the 1-kilometre historical footprint.

Announcement of drill targets at Endor, which will be the next major exploration milestone following the soil assay results.

Commencement and results of near-term RC or diamond drilling at Endor to test depth beneath the known supergene zone and evaluate the primary mineralisation potential.

Any updates on the ELA-01277 application referred to in the announcement, which if granted would further expand the Challenger West project footprint.