Zeus Resources is commencing exploration work at the high-grade antimony Casablanca project, subject to final approval by the Forestry Department.

HIGHLIGHTS

- Final approval from the Forestry Authority is still pending for exploratory excavations scheduled to begin in November 2025 at the Casablanca Antimony Project (CAP) in central Morocco.

- The eight (8) planned trenches are intended to verify the surface outcropping of the priority chargeability anomalies identified in August during an induced polarization (IP) survey.

- The program is expected to take 10 to 15 days; the first analysis results are expected before the end of the year.

- The exploratory excavations are intended to provide geological and structural checks prior to the first drilling campaign in the first quarter of 2026, which have been observed at geophysical anomalies over mineralized corridors.

October 30, 2025 / IRW-Press / Zeus Resources Limited (“Zeus” or the “Company”, ASX: ZEU) continues to advance its 100% owned Casablanca Antimony Project (“CAP”) in central Morocco. It is one of the few high-grade antimony exploration projects worldwide located in a stable, mining-friendly jurisdiction.

The company reports that it is awaiting final regulatory approval from the Moroccan Ministry of Forestry to begin exploratory excavations at the Casablanca antimony project in central Morocco. Upon receiving this final approval, Zeus intends to begin mobilization immediately, with exploratory excavations expected to commence in November 2025.

The upcoming prospecting program represents the next phase of exploration following the successful completion of the induced polarization (IP) and resistivity survey conducted by the company in August 2025, which identified several chargeability anomalies consistent with mapped quartz-stibnite dikes along the Smaala-Oulmès Fault Zone. The prospecting work will directly verify these outcrops at surface, delineate geological controls, and allow for subsurface sampling through mineralized corridors defined by geophysical data.

A total of eight (8) trenches with a combined length of 120 m are planned in the southern license block, oriented perpendicular to the main structural trends and positioned to intersect the most pronounced chargeability and resistivity anomalies. (See Table -1 and trench location map below).

	UTM WGS 84 - Zone 29
Trench No.	West	North	Cancel	Length (m)	Power (m)	Depth (m)
TR - 1	6.465143	33.050726	N135	15	1	2
TR - 2	6.462877	33.052882	N135	15	1	2
TR-3	6.459179	33.056421	N135	15	1	2
TR - 4	6.445331	33.071966	N135	15	1	2
TR - 5	6.441680	33.075149	N135	15	1	2
TR - 6	6.437509	33.072730	N135	15	1	2
TR - 7	6.431330	33.082992	N135	15	1	2
TR - 8	6.428053	33.082479	N135	15	1	2
			in total	120 m

Table - Coordinates and details of the trenches at CAP

Each trench will expose fresh bedrock in mineralized zones, allowing detailed geological mapping and structural measurements to be carried out (see map showing the location of the trenches below).

Continuous slot samples are taken along the entire length of each trench and sent to AfriLab, an ALS-accredited laboratory based in Morocco, for multi-element analysis using four-acid digestion and ICP-OES.

The integration of the trench mapping and the analysis results will enable Zeus to refine the geometry of the quartz-stibnite vein system, determine the continuity of the grade at the surface, and define precise drill targets for the next exploration phase.

Map showing the location of the trenches in the southern block of CAP

The trenches are being structurally mapped and sampled to gain more insights into the nature of the mineralization and to define drilling targets for the stibnite anomalies observed in previous geophysical surveys.

Director Hugh Pilgrim commented:

"With final approval from the forestry authority, Zeus can immediately begin the test excavations – a crucial step towards our first drilling campaign. The results of the test excavations will directly inform our drilling plan and further confirm the extent of this high-grade antimony system."

The Board has approved the publication of this announcement on the ASX.

For further information or inquiries, please contact Hugh Pilgrim, Director, on mobile number 0449 581 256.

Zeus Resources Limited

Email: [email protected]

Website: www.zeusresources.com

About Zeus Resources Limited

Zeus Resources Limited is an emerging exploration company focused on promising projects in critical minerals within underexplored jurisdictions. Led by a multidisciplinary team with proven experience in resource discovery, project development, and corporate growth, Zeus is committed to achieving early value creation through disciplined exploration and the strategic advancement of its portfolio.

The company is listed on the ASX under the ticker symbol ZEU and secondarily on the Frankfurt Stock Exchange under the ticker symbol ZEU (WKN A1J8CV).

About the Casablanca Antimony Project

The Casablanca Antimony Project is a high-grade mineral exploration project in central Morocco and comprises six exploration licenses for antimony. Rock chip samples collected during on-site due diligence tests yielded significant assay results with exceptionally high antimony values ​​between 7.8% Sb and 46.52% Sb; these values ​​are based on twenty (20) rock chip samples specifically targeted from stibnite-bearing quartz veins in the southern license area[i].

About Antimony

Antimony is classified as a critical mineral by major economies such as the US, the EU, Japan, and Australia due to its crucial role in flame retardants, lead-acid batteries, and semiconductors, which are essential for the defense, energy storage, and electronics industries. Because of its limited supply and the dominance of a small number of producers, antimony is increasingly viewed as a strategic commodity. Zeus offers investors direct exposure to this important, limited-supply market.

About Morocco's mining industry

Morocco's modern regulatory framework for exploration and mining makes the country an attractive destination for mining investments. The Moroccan mining sector continues to attract foreign investment and offers significant exploration and development opportunities, particularly in the antimony sector. Morocco's focused mining and exploration strategy presents a unique opportunity for Zeus: • stable, mining-friendly government • high geological potential • modern mining legislation • strategic location • skilled workforce and local expertise • political and economic stability.

Forward-looking statements

This communication contains "forward-looking statements" that are based on the company's expectations, estimates, and forecasts at the time of publication. These forward-looking statements include, but are not limited to, statements regarding the company's business strategy, plans, development, objectives, performance, prospects, growth, cash flow, forecasts, targets and expectations, mineral reserves and resources, exploration results, and related expenses. Generally, these forward-looking statements can be identified by forward-looking terminology such as "outlook," "anticipated," "forecast," "target," "potential," "likely," "believe," "estimate," "expect," "intend," "may," "would," "could," "should," "planned," "will," "plan," "forecast," "develop," and similar expressions. Persons reading this communication are cautioned that such statements are merely forecasts and that the company's results or performance may differ materially. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that could cause the company's actual results, activities, performance, or achievements to differ materially from those expressed or implied in such forward-looking statements.

Statement by the expert

The information in this press release relating to exploration results is based on information compiled by Mr. Baker Khudeira, a member of the Australian Institute of Mining and Metallurgy (MAusIMM 230652). Mr. Khudeira is a consultant to ZEU. Mr. Khudeira has sufficient experience relevant to the nature of the mineralization and the type of deposit, as well as to the activity he undertakes, to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Khudeira consents to the inclusion of the information in this release in its present form and context.

The original language (usually English) in which the original text is published is the official, authorized, and legally binding version. This translation is provided for ease of understanding. The German version may be shortened or summarized. No responsibility or liability is assumed for the content, correctness, adequacy, or accuracy of this translation. From the translator's perspective, this release does not constitute a recommendation to buy or sell! Please refer to the original English release at www.sedarplus.ca, www.sec.gov, www.asx.com.au/, or on the company's website.

#_ednref1 ASX announcement dated April 9, 2025 - Zeus Strike Exceptionally High-Grade Antimony of 46% & 40% Sb

The original English press release can be found at the following link: https://www.irw-press.at/press_html.aspx?messageID=81592 The translated press release can be found at the following link: https://www.irw-press.at/press_html.aspx?messageID=81592&tr=1

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