Karibib Copper-Gold-Tungsten Exploration Project (farmed out to Kaoko Metals Ltd)

In Q3 2025, Arcadia farmed out the Karibib Copper‑Gold‑Tungsten Project to Kaoko Metals Ltd. Kaoko has since advanced exploration activities and confirmed indications of tungsten, copper and gold mineralisation through early reconnaissance sampling. The project is now being progressed toward scout drilling at the Gamikaubmund prospect, supported by ongoing geochemical and structural interpretation work to refine priority drill targets.