Interview with Tim Crossley, MD of Adyton Resources Corp.

Our previous interview: https://www.cruxinvestor.com/posts/adyton-resources-ady-gold-copper-with-near-term-production-2290

Recording date: 7th January 2026

Adyton Resources (TSXV:ADY) is executing a differentiated strategy in Papua New Guinea's gold sector that combines near-term production with significant exploration upside. Managing Director Tim Crossley, who brings extensive operational experience from BHP and over a decade of PNG-specific expertise, has structured the company to advance on two parallel tracks without compromising either objective.'

The cornerstone of this approach is an innovative joint venture structure on Fergusson Island with East Vision Investment Holdings, a Singaporean-Chinese group that recently completed a 50-megawatt hydropower project in PNG. This asset-level JV fully funds development to production, with East Vision earning into 50% ownership by meeting milestones. The initial target is the Wapolu project, a former producing mine with existing infrastructure including tailings impoundments, airstrip, and wharf facilities. Production is targeted for October 2026 at approximately 15,000 ounces annually, with the higher-grade Gameta project following 12-15 months later to bring total production to over 80,000 ounces per year.

Critically, this JV-funded production pathway preserves Adyton's entire balance sheet for exploration at Feni Island, the company's flagship asset. Following a CAD$20 million raise in August 2025, the company has deployed over 8,000 meters of drilling since March, testing targets across a whole-of-island land package in what Crossley describes as "a 120 million ounce discovery belt" between Lihir and Bougainville. A mineral resource estimate update is planned for late 2026, with the ultimate goal of proving a 5+ million ounce resource with copper credits.

The island-based operations provide distinct advantages: barge mobilisation eliminates helicopter costs, and ocean transit requires no customary landowner consents, simplifying social license compared to mainland operations. With Fergusson cash flows potentially funding continued Feni exploration without further dilution, Adyton is positioning itself to transition from explorer to producer while maintaining substantial discovery optionality in one of the world's most prospective gold belts.

View Adyton Resources' company profile: https://www.cruxinvestor.com/companies/adyton-resources-corporation

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