First Class Metals PLC announced the results of an inaugural drilling programme on the Company's Zigzag Property, (the "Property") located in the Seymour-Falcon corridor in northwestern Ontario, Canada. A focussed drill programme of under 500m in 10 NQ diamond drillholes was completed in late December and all the geochemical assay results are now available. Nine of the holes were targeted at the pegmatite with two 'step-back' holes and a 10th being drilled as a scissor.

All targeted holes successfully intersected the pegmatite. The drilling has vindicated the channel sampling as well as extended the geochemical and geological knowledge of the structure hosting the pegmatite. The most easterly and westerly holes indicate the structure remains open along strike and importantly the successful step-back holes show the structure continues and remains open at depth.

The Company will now look to initiate the next most appropriate plan of exploration which will be focussed to extend strike and delineate the recently discovered southern structure. The combined geochemical data that the initial grab samples, the subsequent channel sampling programme and the recent MMI soil survey (RNS 7 February 2024) support the belief that the 'core 400m zone' contains a significant structure of >1% Li2O and is open along strike. As previously reported, both the most eastern and western holes of the recent drilling programme intersected pegmatite.

The soil sample results further suggest that the mineralisation is open in both directions. Furthermore, there is strong geochemical support for a sub parallel trend about 200m to the south of the Main Zone. Additional work is needed to expand and confirm the anomalism identified.

As well follow up sampling is required to confirm the presence of a possible third trend currently identified in anomalous rare element results in grab samples. Critical Technology Metals at Zigzag: While the focus of the project remains on the lithium component, the presence of elevated levels of Rb2O (peak 0.54% over 0.3m within interval of 5.75m @ 0.21% (2100 g/t) in hole ZIG-23-02), Caesium (peak 480 g/t over 0.45m within interval of 5.00m @ 151 g/t in hole ZIG-23-03), Gallium, and Tantalum (peak 624 g/t over 0.45m within interval of 164g/t over 3.9m in hole ZIG-23-03-03) are potentially a significant 'credit' to the metallurgy of any resource identified. These speciality metals have been classified as 'Critical Metals' by the USA and Canadian Governments, highlighting their significance usage in modern technology due to their crucial role in various electronic, semi-conductor, and military hardware.

Currently China dominates world production and supply of all these elements. Despite the limited market for specialty metals, it is noteworthy that Rubidium has recently demonstrated a strong price performance, with trading prices exceeding $3,100 per ounce on the Shanghai Metals Market3. Recognizing the potential economic benefits and value-added by these specialty technology metals, First Class intends to conduct further investigations into their possibilities and explore their impact on the overall value of the project.