Further Zones of Tungsten Mineralisation Identified at Salau

PRESS RELEASE

Further Zones of Tungsten Mineralisation Identified at Salau

24 August 2026, Apollo Minerals Limited (Euronext Growth: ALAON, ASX: AON) (the “Company”) is pleased to advise that the Company's ongoing historical data review at its 100% owned Couflens Tungsten-Gold Project (“Couflens”) in France has identified additional zones of unmined tungsten mineralisation, which has expanded the targeting footprint of the historical Salau mine (“Salau”) and indicates a larger scale system extending into multiple areas.

Salau was historically one of the world's highest-grade tungsten operations, with mining grades averaging 1.5% WO₃ during the 15 years of operations from 1971 to 1986.

Highlights:

• Newly defined Veronique-Upper Zone, exhibits intercepts of up to 4.3m @ 1.3% WO₃ and multiple intervals of unsampled historical core displaying logged mineralisation, extending along strike of the high-grade Veronique Zone (20m @ 1.4% WO₃).
• The Veronique and Veronique-Upper Zone target area will be the immediate focus for Phase 1 drilling with demonstrated trends for over 400m along strike and 600m along dip.
• The Veronique Zone was mined historically at 2.5% WO₃ in Salau's final year of operation.
• Newly identified zones provide valuable targeting information as Salau was previously mined using a lower grade cut-off of approximately 0.7% WO₃; which is significantly higher than that currently used by modern tungsten mines.
• Significant number of historical reports have been sourced and digitised from the Bureau of Geological and Mining Research (“BRGM”) archives in Orléans, aiding ongoing validation and interpretation efforts.

Apollo Minerals' Managing Director, Mr Neil Inwood, commented:

“Our review of historical data from the Salau mine, continues to identify additional target areas for unmined mineralisation, with tungsten grades significantly higher than many current modern tungsten mines. Combined with the extensional targeting around the previously reported high-grade Veronique Zone; the newly identified areas demonstrate the significant exploration potential of the globally unique Couflens high-grade tungsten project.”

For further information contact:

Neil Inwood

Managing Director

Tel: +61 8 9322 6322

Email: info@apollominerals.com.au

Aldebaran Global Advisors

Listing Sponsor Euronext Growth

Email: hello@aldebaran-advisors.com