Further Impressive pXRF Analyses at Teufelskuppe

Kendrick Resources PLC

27 October 2026

 

27 October 2026

Kendrick Resources Plc
(“Kendrick” or “the Company”)

Further Impressive pXRF Analyses at Teufelskuppe

Notable Results Achieved for the Teufelskuppe Reverse Circulation Drilling Programme

Kendrick Resources Plc is pleased to announce further impressive pXRF results for Reverse Circulation Drilling for boreholes TKRC021 to TKRC031.  Excellent continuity of high-grade intercepts has been achieved for holes completed over the carbonatite bodies that make up the Teufelskuppe (“TK”) Carbonatite Complex, Namibia.

Highlights

• All holes drilled in the batch returned LREO intercepts over significant mineralised widths.
• Peak LREO intercepts of 4.62% over 20m, 4.22% over 40m, 3.41% over 54m, 3.30% over 25m, 3.13% over 21m, 2.91% over 37m and 2.86% over 37m
• Reported grades are based on a 3% LREO cut-off. In-house adoption of a 2.50 or 2.00% LREO cut-off highlights the continuity of mineralisation reflected in a significant increase in mineralised widths.
• The substantial mineralised total package widths offer potential for additional bulk tonnage that will be considered during resource estimation.

Table 1: pXRF analyses for RC Drill Holes TKRC021 to TKRC031 Drilled at Teufelskuppe Carbonatite Complex

Borehole ID	From (m)	To (m)	Mineralised Width (m)	Grade (LREO %)
TKRC021 inc	33.0 42.0	53.0 52.0	20.0 10.0	4.62 6.51
TKRC022	2.00 13.0 23.0 30.0 52.0 70.0	5.00 18.0 28.0 47.0 59.0 80.0	3.00 5.00 5.0 17.0 7.00 10.0	2.25 3.10 3.97 1.42 2.34 2.41
TKRC023	1.00 66.0	18.0 80.0	17.0 14.0	1.43 1.22
TKRC024	5.00 26.0 42.0 78.0	18.0 29.0 58.0 83.0	13.0 3.00 16.0 5.00	1.65 1.17 1.44 1.42
TKRC025	4.00 23.0 42.0 58.0	9.00 35.0 49.0 66.0	5.00 12.0 7.00 8.00	2.15 3.17 1.84 3.00
TKRC026 inc	8.00 32.0 36.0 47.0	14.0 78.0 78.0 68.0	6.00 46.0 42.0 21.0	1.92 2.59 2.74 3.13
TKRC027	14.0 33.0 52.0	19.0 46.0 92.0	5.00 13.0 40.0	1.94 2.00 4.22
TKRC028	43.0	97.0	54.0	3.41
TKRC029	6.00	12.0	6.00	2.82
TKRC030 inc	43.0 51.0	80.0 76.0	37.0 25.0	2.86 3.30
TKRC031 inc	45.0 51.0 63.0	82.0 56.0 73.0	37.0 5.00 10.00	2.91 3.10 4.11

Colin Bird, Chairman of Kendrick Resources, commented: “The RC programme has enabled the team to complete its drilling coverage over the mineralised bodies at TK in the shortest possible timeframe. Physical exploration commenced in May of this year, and we have completed over 100 boreholes and generated the underlying information required to determine a mineral resource and provide bulk samples for metallurgical test work. We will maintain our rate of progress and complete any outstanding logging and sampling as soon as possible so that certified assays can be generated to inform the geological model and resource estimation. The significance of package widths of continuous mineralisation at lower cut-off grades is an exciting discovery and is being assessed in the context of tonnage versus grade. We are fortunate that even our lower grade mineralisation is also positioned in the upper quartile in terms of REE deposits worldwide and therefore we have the flexibility of being able to assess the Bonya resource in terms of grade and tonnage”.

Qualified Person

The technical information contained in this announcement has been reviewed, verified, and approved by Colin Bird, C. Eng, FIMMM, South African and UK Certified Mine Manager and Director of Kendrick Resources plc, with more than 40 years’ experience mainly in hard rock mining.

ENDS

For additional information please contact:

Kendrick Resources Plc: Chairman	Tel: [phone] Colin Bird
AlbR Capital Limited Financial Adviser Joint Broker	Tel: [phone] David Coffman / Dan Harris  Jon Bellis
Shard Capital Partners LLP Joint Broker	Tel: [phone] Damon Heath / Isabella Pierre

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO. 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.  UPON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN. 

About Kendrick Resources Plc

Kendrick Resources Plc is a mineral exploration and development company whose strategy is to acquire and enhance the value of its mineral resource projects through exploration, technical studies and resource development and to bring projects to production through joint venture or other arrangements or their sale.

The Kendrick Board has extensive resource project experience in southern Africa and has gravitated back to the region with the acquisition of the Bonya Rare Earth Project located in Namibia and in late 2025 exercised an option in relation to the acquisition of the Blue Fox Licence, 34412-HQ-LEL located in northwest Zambia.

About Teufelskuppe:

Development Plan Progress

The Company is progressing the TK project in line with the published Development Plan schedule announced on 6 May 2026. Verification of the in-house MRE and upgrading to compliance with JORC (2012) has been initiated alongside the still progressing diamond drilling and reverse circulation drilling campaign to ascertain the depth and sub-surface spread of carbonatite mineralisation below the natural surface profile of the TK landscape.

Glossary:

Assay or Laboratory Assay: an investigative procedure used to qualitatively assess or quantitatively measure the presence, amount, or functional activity of a target entity (the analyte) in a sample. 

Carbonatite: An igneous rock containing >50 modal % primary (magmatic) carbonate and ≤20 wt% SiO2. There are three main types: Calcitic (calcio) carbonatites, magnesiocarbonatites and ferrocarbonatites. Occur as lava flows and more commonly as intrusions.

Carbonate: Common minerals containing the carbonate anion (CO32-) for example calcite (CaCO3), dolomite (CaMg(CO3)2, siderite (FeCO3) and Ankerite Ca(Fe,Mg,Mn)(CO3)2.

Cone sheet: A type of ring intrusion with margins which dip inwards

Diamond Drilling: A rotary drilling technique that uses a hollow drill bit embedded with industrial-grade diamonds to cut through hard materials and retrieve a solid, cylindrical core sample.

Drill Core: A cylindrical sample of rock or soil generated by Diamond Drilling.

Drilling Programme: A managed exercise involving one or more drill rigs to collect samples for a range of activities including assessment, identification and interpretation  of the geology and underlying rocks, geotechnical studies and collection of samples for laboratory analysis.

Ferrocarbonatite: A carbonatite in which the main carbonate mineral is iron-rich, for example, ferroan dolomite, ankerite or siderite.

Fluorcarbonates: A group of minerals consisting of variable calcium, high fluorine, and rare earth elements. Examples are Synchysite and Parisite.

MRE: Mineral Resource Estimate

Parisite: A group of fluorcarbonates with typical mineral formula Ca(Ce/La/Nd/REE)2(CO3)3F2.

pXRF: X-ray fluorescence

JORC 2012 Mineral Resource Code: The Australian Code for Reporting Exploration results, Mineral resources and Ore reserves. Enforces minimum standards and guidelines for public reporting of mineral resources and ore reserves. Classifies mineral resources into Inferred, Indicated and Measured based on the level of geological confidence regarding the quality and quantity of the resource.

Petrological studies: the study of the formation of rocks, subsequent deformation and alteration. Quantification of mineral composition and mineral relationships.

REE: Rare Earth Elements. Elements with an atomic number between 57 and 71 plus Scandium and Yttrium.

TREE: Total Rare Earth Elements; sum of LREE and HREE to a total of 17 elements.

LREE: Light Rare Earth Elements including Lanthanum (La), Cerium (Ce), Neodymium (Nd), Praseodymium (Pr), Scandium (Sc), Samarium (Sm) and Europium (Eu) and Promethium (Pm).

HREE: Heavy Rare Earth Elements including Yttrium (Y), Gadolinium (Gd), Terbium (Tb), Dysprosium (Dy), Holmium (Ho), Erbium (Er), Thulium (Tm), Ytterbium (Yb) and Lutetium (Lu).

LREO: Light Rare Earth Oxides including La2O3, CeO2, Nd2O3, Pr6O11, Sc2O3, Sm2O3, Eu2O3.

HREO: Heavy Rare Earth Oxides including Y2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3 and Lu2O3.

TREO: Total Rare Earth Oxides.

Reverse Circulation (RC): A form of percussion drilling that uses compressed air to flush rock or soil cuttings out of the drill hole using a dual-walled drill rod that flushes air down the outer tube to power the rock hammer and drill chips up the inner tube with chips being recovered at surface largely in the sequence in which they were drilled as opposed to conventional percussion drilling where drill chips arriving at surface are typically mixed.

Wt % = Weight Percentage

 

END