Saga Metals Corp. press release

Significant Gallium and Scandium Confirmed at La Blache as RCL Technology Platform Builds Additional Value

2026-03-12

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Latest drilling confirms thick, high-grade massive oxide mineralization and gallium, scandium and chromium associated with vanadium, titanium and iron, while western step-out holes extend mineralization toward surface and support potential resource and economic upside.

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Temas has received assay results for all HQ diamond drill holes completed in November 2025 on the La Blache Project, confirming consistent, high-grade zones of gallium (Ga), scandium (Sc), chromium (Cr), coincident with vanadium (V), titanium (Ti), and iron (Fe) in the massive-oxide (MO) zone

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Highlights include:

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FT-25-07 with 73m @ 83.7% Fe2O3+ TiO2, 0.46% V2O5and

56 ppm Ga, 19 ppm Sc and 1,240 ppm Cr from 110m

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FT-25-04 with 75m @ 79.8% Fe2O3+ TiO2, 0.43% V2O5and

57 ppm Ga, 17 ppm Sc and 1,463 ppm Cr from 204m

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FT-25-06 with 40m @ 75.6% Fe2O3+ TiO2, 0.39% V2O5and

59 ppm Ga, 17 ppm Sc and 1,110 ppm Cr from 145m

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FT-25-03 with 30m @ 78.7% Fe2O3+ TiO2, 0.39% V2O5and

53 ppm Ga, 16 ppm Sc and 1,294 ppm Cr from 214m

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FT-25-05 with 26m @ 86.6% Fe2O3+ TiO2, 0.45% V2O5and

60 ppm Ga, 19 ppm Sc and 1,309 ppm Cr from 210m

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FT-25-08 with 26m @ 84.6% Fe2O3+ TiO2, 0.43% V2O5and

58 ppm Ga, 19 ppm Sc and 1,258 ppm Cr from 108m

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FT-25-09 with 24m @ 83.3% Fe2O3+ TiO2, 0.45% V2O5and

57 ppm Ga, 18 ppm Sc and 1,133 ppm Cr from 123m

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Holes FT-25-06 to FT-25-09 confirm mineralisation extension up to 150m from the west of the historical drilling, where it shallows toward the outcropping mineralized Schmoo Zone. Mineralisation is thickening and remains open towards surface outcrops 500m to the west.

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Temas' Regenerative Chloride Leach ("RCL") technology platform is ideally placed to process this multi-element mineralisation, with the accessory Ga, Sc and Cr potentially recoverable alongside Ti, V and Fe, adding significantly to the projects economics.

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Temas' Fused Bead Assay Digestion Protocol for the 2025 samples has proven highly effective and is now being extended to all historic core. Historic core has been fully recovered in preparation for re-assay, with 748 samples from Temas' 2022 drilling already dispatched for re-assay under the new protocol in February 2026.

VANCOUVER, BC / ACCESS Newswire/ March 12, 2026 / Temas Resources Corp. ("Temas" or the "Company") (ASX:TIO)(CSE:TMAS)(OTCQB:TMASF)(FSE:26P0) is pleased to report assay results from the nine (9) HQ diamond drill program completed in the late 2025 at its La Blache Project in Quebec, Canada.

The 2025 drilling program was designed to test the limits of the thickest up-plunge massive-oxide (MO) intercepts on the property to date, to infill and confirm mineralisation between the historic drill holes and upgrade the current Foreign Inferred Resource to a JORC Complaint Measured and Indicated, and improve the confidence in the absolute values of the critical metals within the mineralised portion of the system.

Importantly, gallium, scandium and chromium mineralisation occurs within the same iron, titanium and vanadium system at Le Blanche. This supports the view that these accessory metals may form part of the revised resource and Preliminary Economic Assessment (PEA). The economics of the project will benefit from the Temas' proprietary RCL processing technology which is one of few platform technologies suited to complex and multielement mineralisation.

Mr. Tim Fernback, Temas Chief Executive Officer, commented:

"The consistency of the gallium, scandium, and chromium within the massive oxide zones at La Blache is highly encouraging and adds another layer of potential value to an already strong titanium, vanadium and iron system.

What stands out is that these critical metals are hosted within the same thick, high-grade massive oxide intervals that are central to the project, while the latest western holes have also confirmed that the mineralisation continues to extend and shallow toward surface.

Our updated Fused assay work is also showing meaningful increases in reported values from several key elements, reinforcing the importance of re-assaying historical core under the new Protocol. With 748 samples from 2022 program already submitted, we expect to build a much stronger picture of the overall metal inventory at La Blache in the near term.

At the same time, this style of multi-element mineralisation is well aligned with Temas' RCL technology, which we believe has the potential to enhance the value of the project beyond its existing titanium, vanadium and iron base.

This is truly an exciting step forward for the Company and our shareholders."

[](https://pr.report/jlcn)

Figure 1: Long Section Schematic of the Farrell-Taylor Deposit, La Blache Project

Drill Program Overview

The 2025 drill program commenced on 24 October 2025, and ran for approximately 30 days, totaling 2,304 m of HQ over nine (9) holes. Temas utilised existing sites to construct drill platforms, capable of supporting multiple holes at varied angles and azimuths, with nine holes drilled from four platform areas.

The program had two overlapping objectives;

1.

Holes #1 through #5 were designed to obtain detailed infill data to improve the existing local modeling and resource confidence and,

2.

Holes #6 through #9 stepped out to the far west to test the possible to test beyond the interpreted termination of the Farrell-Taylor mineralisation.

Temas used HQ tooling to maximize the sample volume for large scale RCL pilot testing of the Farrell-Taylor (FT) deposit.

La Blache Mineralisation

The La Blache deposits are large lenticular bodies of massive Fe/Ti oxides hosted within the La Blache Anorthosite complex in the Grenville Province of Quebec. This geologic terrain is one of the most studied in the world, and is the host for Rio Tinto's world class Lac Tio deposit which has been in production since the 1950's. The deposits on Temas' land package were first discovered at about the same time as Lac Tio, and historic work including Temas 2022 Scoping study have demonstrated hundreds of millions of tonnes of high-grade massive oxide mineralisation.

The mineralisation at La Blache can be broken into two main styles tied to grade and geochemistry where grade of Fe2O3+ TiO2+ ~4.5% MgO represents a proxy for the relative percentage mineralisation that carry the valuable metals in this system. The host minerals and valuable metals targeted at La Blache are vanadium titanomagnetite (VTM) Fe2+(Fe3+, Ti4+, V3+)2O4), ilmenite Fe (Ti, V) O3and spinel (Mg, Fe2+) Al2O4. The trace metals deport primarily to these oxide phases in varying amounts:

1.

Massive-oxide (MO) domain has average concentration of valuable minerals ranging from 87-92%. This equates to about 8-13% gangue dilution but has traditionally been treated as a run of mine (ROM) feedstock to the RCL testing with excellent results to date.

There is generally no interruption of the high-grade MO, and the total oxide grades are very tightly grouped (example ranging from 88.5 to 91.9% in the core image provided below). The MO is considered a proxy for a traditional concentrate, and trace metals are near their peak concentrations in this domain. This natural concentration represents a gravity settling of the dense oxide minerals as they crystallized in a magma chamber and are characteristic of the La Blache mineralization where we generally see 10's and even up to 100m of apparent thickness in MO based on all the drilling completed to date across the whole property.

2.

Semi-massive oxide (SMO) domain has a variable Fe/Ti oxide content ranging from around 20% up to overlapping the lower end of the MO grade range but distinguished by having more mafic silicate gangue mixed into the zone and a higher MgO (>4.5%) content. This gangue is composed of olivine with lesser amounts of Ca-plagioclase and clinopyroxene.

SMO is characterized throughout the drilling to date as an admixture of massive magnetite with a greenish mafic silicate (olivine and/or pyroxene) that is distinct from the anorthositic host rock. It generally has slightly elevated MgO over the average ~4.5% values seen in the MO. It has been broken out as a distinct geometallurgical unit and is not tied directly to the absolute grade of the material. It is almost always found above the MO in amounts that are seen to vary systematically across the FT deposit with a general thickening to the north across the mineralized body.

[](https://pr.report/jlco)

Figure 2; Core Photo of FT-25-05 216.6m - 227.9m as an example of the Massive Oxide Zone.

[](https://pr.report/jlcp)

Figure 3; Core Photo of FT-25-05 194m - 205.3m as an example of the Semi-Massive Oxide Zone.

Table 1: Significant Drill Intercepts for all November 2025 Drilling*

| Hole ID | From (m) | To (m) | Width (m) | Fe2O3+ TiO2+ ≤ 4.5% MgO (%) | Fe2O3+ TiO2(%) | TiO2(%) | Fe2O3(%) | MgO (%) | V 2O5(%) | Cr (ppm) | Ga (ppm) | Sc (ppm) | Mineral Domain | Total Mineralized Thickness (m) | | FT-25-01 | NSI | | | | | | | | | | | | | | | FT-25-02 | NSI | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | FT-25-03 | 187 | 196 | 8.3 | 59.3 | 55.4 | 13.3 | 42.1 | 3.9 | 0.246 | 582 | 38 | 14 | SMO | 41.7 | | 205 | 208 | 3.4 | 42.9 | 39.3 | 9.6 | 29.7 | 3.6 | 0.153 | 349 | 28 | 11 | SMO | | | | 214 | 244 | 30.0 | 82.8 | 78.7 | 17.8 | 60.8 | 4.2 | 0.392 | 1294 | 53 | 16 | MO | | | | | | | | | | | | | | | | | | | | FT-25-04 | 173 | 185 | 12.0 | 41.0 | 36.5 | 8.3 | 28.2 | 7.7 | 0.110 | 234 | 23 | 16 | SMO | 104.6 | | 186 | 204 | 17.2 | 71.7 | 67.9 | 15.2 | 52.8 | 3.8 | 0.350 | 1092 | 50 | 16 | SMO | | | | 204 | 279 | 75.4 | 84.0 | 79.8 | 17.9 | 61.9 | 4.2 | 0.431 | 1463 | 57 | 17 | MO | | | | | | | | | | | | | | | | | | | | FT-25-05 | 128 | 149 | 21.3 | 31.5 | 27.0 | 6.8 | 20.2 | 6.2 | 0.054 | 95 | 20 | 12 | SMO | 96 | | 152 | 167 | 13.2 | 39.6 | 35.1 | 10.0 | 25.1 | 8.9 | 0.049 | 68 | 14 | 16 | SMO | | | | 175 | 210 | 35.7 | 53.2 | 48.7 | 10.0 | 38.7 | 9.1 | 0.167 | 326 | 28 | 14 | SMO | | | | 210 | 236 | 25.8 | 90.8 | 86.6 | 19.4 | 67.2 | 4.2 | 0.443 | 1309 | 60 | 19 | MO | | | | | | | | | | | | | | | | | | | | FT-25-06 | 142 | 145 | 2.5 | 70.9 | 66.4 | 12.3 | 54.1 | 13.7 | 0.253 | 565 | 37 | 16 | SMO | 42.8 | | 145 | 185 | 40.3 | 78.9 | 74.8 | 17.5 | 58.1 | 4.1 | 0.391 | 1110 | 59 | 17 | MO | | | | | | | | | | | | | | | | | | | | FT-25-07 | 17 | 24 | 7.1 | 52.8 | 48.3 | 12.0 | 36.3 | 5.9 | 0.185 | 392 | 32 | 15 | SMO | 83.8 | | 106 | 110 | 3.9 | 87.2 | 82.7 | 18.3 | 64.5 | 6.9 | 0.398 | 821 | 48 | 18 | SMO | | | | 110 | 183 | 72.8 | 88.1 | 83.7 | 19.1 | 64.6 | 4.4 | 0.462 | 1240 | 56 | 19 | MO | | | | | | | | | | | | | | | | | | | | FT-25-08 | 14 | 18 | 3.6 | 23.6 | 20.6 | 4.6 | 16.1 | 3.0 | 0.072 | 147 | 27 | 9 | SMO | 98.5 | | 33 | 51 | 18.5 | 51.8 | 47.3 | 11.2 | 36.1 | 7.3 | 0.174 | 314 | 31 | 15 | SMO | | | | 60 | 72 | 11.7 | 28.8 | 24.3 | 5.6 | 18.7 | 6.0 | 0.064 | 105 | 21 | 9 | SMO | | | | 75 | 84 | 8.5 | 43.7 | 39.2 | 10.0 | 29.2 | 9.1 | 0.093 | 140 | 19 | 15 | SMO | | | | 88 | 108 | 19.7 | 44.3 | 39.8 | 8.6 | 31.2 | 8.3 | 0.122 | 248 | 26 | 13 | SMO | | | | 108 | 134 | 26.1 | 89.0 | 84.6 | 19.5 | 65.1 | 4.4 | 0.437 | 1258 | 58 | 19 | MO | | | | 139 | 144 | 4.8 | 61.5 | 57.0 | 12.5 | 44.5 | 4.7 | 0.269 | 729 | 38 | 14 | SMO | | | | 147 | 153 | 5.7 | 92.3 | 87.9 | 20.8 | 67.1 | 4.5 | 0.475 | 1460 | 56 | 19 | MO | | | | | | | | | | | | | | | | | | | | FT-25-09 | 15 | 44 | 29.2 | 51.2 | 46.7 | 10.9 | 35.8 | 7.3 | 0.172 | 344 | 30 | 15 | SMO | 114.2 | | 57 | 77 | 20.0 | 41.2 | 36.7 | 8.2 | 28.5 | 8.1 | 0.106 | 225 | 23 | 12 | SMO | | | | 80 | 111 | 31.5 | 49.2 | 44.7 | 9.7 | 35.0 | 8.2 | 0.160 | 288 | 28 | 14 | SMO | | | | 111 | 120 | 9.1 | 92.6 | 88.4 | 20.1 | 68.3 | 4.2 | 0.466 | 1235 | 61 | 21 | MO | | | | 123 | 147 | 24.4 | 87.6 | 83.3 | 19.0 | 64.3 | 4.3 | 0.448 | 1133 | 57 | 18 | MO | | |

*Cut off grades for massive oxide classification is 78% Fe2O3+ TiO2+ ≤ 4.5% MgO with an internal dilution of 2.9m and minimum composite of 2.5m. Massive oxide classification requires a maximum of 4.5% MgO. Cut off grades for semi-massive oxide classification and the determination of a significant intercept is 20% Fe2O3+ TiO2+ ≤ 4.5% MgO with internal dilution of 2.9m and minimum composite of 2.5m.

V2O5 (%) is recalculated from the reported V (ppm) using standard oxide conversion factors provided by ALS of 1.785 for V to V2O5.

Table 2: Collar Details for Farrell-Taylor Drilling, November 2025, Provided in NAD83/UTM 19N.

| Hole ID | Prospect | Hole Type | EOH Depth (m) | Easting (m) | Northing (m) | RL (m) | Dip | Azimuth | | FT-25-01 | La Blache | DD | 294 | 458499 | 5545948 | 522 | -60 | 180 | | FT-25-02 | La Blache | DD | 342 | 458428 | 5545896 | 540 | -65 | 180 | | FT-25-03 | La Blache | DD | 276 | 458427 | 5545897 | 540 | -80 | 180 | | FT-25-04 | La Blache | DD | 348 | 458421 | 5545902 | 540 | -60 | 315 | | FT-25-05 | La Blache | DD | 255 | 458485 | 5545993 | 517 | -63 | 0 | | FT-25-06 | La Blache | DD | 216 | 458280 | 5546013 | 512 | -60 | 180 | | FT-25-07 | La Blache | DD | 201 | 458280 | 5546012 | 511 | -85 | 180 | | FT-25-08 | La Blache | DD | 183 | 458270 | 5546010 | 511 | -70 | 270 | | FT-25-09 | La Blache | DD | 189 | 458270 | 5546010 | 511 | -50 | 270 |

[](https://pr.report/jlcq)

Figure 4; Collar Plan Map of Farrell-Taylor Deposit, Le Blache Project.

Next Steps

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Continued negotiations with potential RCL technology partners to advance the commercial application of Temas' proprietary progressing technology for La Blache and other suitable feedstocks.

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Temas expects assay results from the 748 pulp samples recently re-assayed from the 2022 NQ drill campaign. These results will bring all prior Temas drilling onto the same high assay standard and help quantify the difference between the historical and fused assay digestion methods.

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Temas is completing the relogging and sampling of the 20,294m of NQ core recently recovered from the field and transported to its secure facility in La Baie, Quebec. Samples of the mineralisation and adjacent rocks have been cut from the retained half core and will be assayed by ALS Chemex using Temas' standard fusion protocol, with results will be released as they come available over the coming months.

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Temas' geologic team in Quebec is in the final stages of processing 9,358m of historic core from the Hervieux West resource area. This work commenced on 22 January 2026 and is intended to bring the dataset up to Temas' fusion protocol standard at a fraction of the cost of redrilling.

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Following the completion of the Hervieux West program, Temas plans to commence processing the additional 10,936m of historic core from Hervieux East from mid-March, with assay results to follow.

[](https://pr.report/jlcr)

| Published Resources | Resource Type | Density | Tonnage | TiO2(%) | V2O5(%) | Fe2O3(%) | | Hervieux West MO | Historic M, I and I Resource | 4.55 | 24,170,000 | 18.77 | 0.47 | 62.71 | | Hervieux East MO | Historic M, I and I Resource | 4.54 | 22,684,000 | 18.37 | 0.42 | 62.56 | | Farrell-Taylor MO | Foreign Inferred Resource | 4.42 | 108,800,000 | 17.83 | 0.32 | 59.4 | | Farrell-Taylor MO | Foreign Inferred Resource | 3.28 | 99,700,000 | 6.26 | 0.07 | 21.98 |

ENDS -

Approved for Release by the Board of Directors

For further information, contact:

| Tim Fernback President & CEO timf@temasresources.com | Jane Morgan Investor & Media Relations jm@janemorganmanagement.com.au 61 (0) 405 555 618 |

[](https://pr.report/jlcs)

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Foreign Resource Cautionary Statements

Details regarding the foreign resource estimate, project details and associated exploration results are set out in the Company's Prospectus. The Company confirms that it is not aware of any new information or data that materially affects the information included in the La Blache Project description in the Prospectus. The Company confirms that all material assumptions and technical parameters underpinning the foreign resource estimate and exploration results in this original Prospectus continue to apply and have not materially changed. The estimates of the quantity and grade of mineralisation for the La Blache Project referred to in this document and set out in the La Blache Project in the Prospectus are "foreign estimates" within the meaning of the ASX listing rules and are not reported in accordance with the JORC Code 2012. A competent person has not undertaken sufficient work to classify the foreign estimates as mineral resources in accordance with the JORC Code 2012. It is uncertain that following evaluation and further exploration work that the foreign estimates will be able to be reported as mineral resources in accordance with the JORC Code.

Foreign Resource Cautionary Statements

Details regarding the foreign and historical mineral resource estimates, project details and associated exploration results are set out in the Company's _Prospectus dated 29 August 2025_(the "Prospectus"). The Company confirms that it is not aware of any new information or data that materially affects the information included in the La Blache Project description in the Prospectus. The Prospectus is available on the Company's website at www.temasresources.com/investorsor through the ASX platform under announcement dated 15 July 2025.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the La Blache Project description in the Prospectus. The Company confirms that all material assumptions and technical parameters underpinning the foreign resource estimate and exploration results in this original Prospectus continue to apply and have not materially changed. The estimates of the quantity and grade of mineralisation for the La Blache Project are set out in the La Blache Project in the Prospectus and are "foreign estimates" within the meaning of the ASX listing rules and are not reported in accordance with the JORC Code 2012. A competent person has not undertaken sufficient work to classify the foreign estimates as mineral resources in accordance with the JORC Code 2012. It is uncertain that following evaluation and further exploration work that the foreign estimates will be able to be reported as mineral resources in accordance with the JORC Code.

Disclaimer

No representations or warranty, express or implied, is made by the Company that the material contained in this announcement will be achieved or proved correct. Except for the statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisors, and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this announcement and excludes all liability whatsoever (including in negligence) for an loss or damage which may be suffered by any person as a consequence of any information in this announcement or any effort or omission therefrom. The Company will not update or keep current the information contained in this announcement or correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the announcement are subject to change without notice.

Competent Person's / Qualified Person's Statement

The information in this announcement that relates to Exploration Results and Mineral Resources for the La Blache and Lac Brûlé Titanium-Vanadium Projects in Québec, Canada, is based on, and fairly represents information and supporting documentation prepared and compiled by Mr Blake Collins, BSc (Hons), MAIG, and Principal Consultant of Head Exploration Pty Ltd.

Mr Collins is a Member of the Australasian Institute of Geosciences (MAIG). He has sufficient experience that is relevant to the style of mineralisation, the type of deposit under consideration, and the activity being undertaken 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 (JORC Code 2012) _and as a Qualified Person as defined by NI43-101.