Core Points - Central Iron Ore Limited (CIO) has appointed Mr. Paul Richardson as a Non-Executive Director, effective immediately [1] - Mr. Richardson brings 43 years of experience in mining and mineral processing operations, with expertise in various ores including Gold, Nickel, and Copper [1][2] - His managerial experience spans 36 years in roles such as Superintendent, Resident Manager, General Manager, and Project Director [2] - CIO's chairman, Richard Homsany, expressed confidence that Mr. Richardson's operational experience will significantly benefit the South Darlot Gold Project [3] Company Overview - Central Iron Ore Limited is focused on mining and mineral processing, with a particular emphasis on gold projects [1][3] - The company is currently in a growth phase, seeking to unlock the potential of its South Darlot Gold Project [3] Management Qualifications - Mr. Richardson holds a B.Sc (Hons) in Mineral Processing Technology and is an Associate of the Camborne School of Mines, UK [2]

Core Insights - Central Iron Ore Limited (CIO) has announced the completion of its 2025 Phase 1 RC drilling campaign, confirming the down dip extension of gold mineralization and the development of three distinct high-grade chutes [1][3][4] Drilling Results - The 2025 Phase 1 RC drilling program consisted of 78 holes totaling 10,264 meters, with significant intercepts including: - 1m @ 22.20g/t from 144 meters (25BKERC_010) - 2m @ 10.59g/t from 126 meters (25BKERC_013) - 3m @ 15.50g/t from 103 meters (25BKERC_019) - 5m @ 13.26g/t from 112 meters (25BKERC_034) - 1m @ 24.8g/t from 131 meters (25BKERC_036) - 1m @ 25.3g/t from 114 meters (25BKERC_037) [4][20] Geological Understanding - The drilling results have enhanced the geological understanding of the deposit, confirming continuous gold mineralization associated with a primary laminated bucky quartz lode over nearly the entire 840 meters of strike targeted [3][4] Future Activities - Geohydrological investigations are nearing completion, with a diamond drilling program of approximately 801 meters scheduled to commence in late October 2025 to support geotechnical studies for the British King Project [4][21] Resource Update - The British King Mineral Resource is being updated to include the results from the recent drilling, with current estimates showing: - 120,000 indicated tonnes at 5.1 g/t Au and 50,000 inferred tonnes at 2.9 g/t Au for the British King Mine Area - 70,000 indicated tonnes at 3.4 g/t Au and 20,000 inferred tonnes at 4.3 g/t Au for the British King Extensions [23][22]

Core Viewpoint - Central Iron Ore Limited (CIO) has announced a drilling update for the British King Project, highlighting the completion of a second phase of reverse circulation (RC) drilling and upcoming mineral resource estimates [1][2]. Drilling Update - The second phase of RC drilling at the British King Project was completed in Q2 2025, covering tenements M37/30 and M37/631, targeting both lateral and vertical extensions of the British King lode [2]. - A total of 10,262 meters were drilled across seventy-seven drillholes, with 4,694 meters drilled over thirty holes on tenement M37/30 [2]. Assay Results and Future Plans - Assay results for the majority of the drilling program have been received, and quality assurance and quality control checks are nearing completion [3]. - Interpretation of the assay data is currently underway, and a decision regarding the need for additional infill drilling will be made subsequently [3]. - An updated Mineral Resource Estimate (MRE), following the 2024 revision, is scheduled for release in Q3 2025 [3]. Qualified Person - Mr. Andrew Bewsher, a director of BM Geological Services Pty Ltd, has compiled the information related to the RC drilling program and is recognized as a Qualified Person under NI 43-101 [5].