VIENNA, Austria – October 28, 2026 – Ekometall Inc. (Ekometall or the Company), through its wholly owned subsidiary, Ekometall Exploration GmbH, today announced the successful completion of a large-scale airborne magnetic and radiometric survey over the Company’s Grossfragant license area in Carinthia, Austria. The heliborne survey was flown by terratec Geophysical Services GmbH & Co. KG, and processing and interpretation of the data by GexplOre is now underway.
Highlights
- Survey complete: all 523 planned lines flown, acquiring approximately 6,750 line-kilometers of total-field magnetic and full-spectrum radiometric data over approximately 1,200 km² of the Grossfragant license;
- The heliborne survey is, to the Company’s knowledge, the first modern airborne geophysical survey of the southeastern Tauern Window in over four decades.
- Processing and interpretation now underway with GexplOre, comprising data QA/QC, processed magnetic and radiometric grids, 3D magnetic inversion modelling, structural interpretation, AI-assisted target generation integrating the geophysical results with the Company’s other datasets, and delivery of final maps, cross-sections and a summary report; and
- Full geophysical data processing and modelling expected in Q4 2026.
“Tremendous credit is due to the terratec crew, Wucher Helicopter, and our Austrian team for completing this survey over such a large area of Alpine terrain ,” said Ryan Finlay, CEO of Ekometall. “With Grossfragant now flown, the geophysical results will be integrated with Ekometall’s AI-processed historical archive and its nationwide stream-sediment reprocessing to prioritize targets across the Grossfragant license area, which is prospective for orogenic gold, metamorphosed VMS and stratabound sulfide/SEDEX mineralization and carries exposure to several EU Critical Raw Materials, including cobalt and antimony.”
Why Grossfragant
Grossfragant straddles the regional Mölltal Fault, spanning the Penninic Tauern Window and the Austroalpine Kreuzeck-Goldeck Groups. The license is prospective for orogenic gold, metamorphosed VMS and stratabound sulfide / SEDEX mineralization, with exposure to several EU Critical Raw Materials including copper, cobalt, antimony and tungsten. The historic Grossfragant mine produced copper-rich ore from the 17th to the early 20th century.
First-phase rock sampling returned base metals and silver from a gossanous fault zone at Ladelnig, copper at Moosalm, and gold at Grakofel. The survey is designed to map the faults, shear zones, domain contacts, and fold closures that may control these occurrences, together with the potassium and thorium alteration signatures associated with gold mineralization.
Learn more about Ekometall’s Grossfragant project here.
Next Steps
Processing and interpretation by GexplOre to include:
- Quality assurance and control of the magnetic and spectrometric data;
- Processed magnetic and radiometric grids, including derived element contents and ratios;
- 3D magnetic inversion modelling;
- Structural interpretation by a structural geologist;
- AI-assisted target generation integrating the geophysics with the Company’s historical archive, stream sediment catchment layers and rock sampling results; and
- Final maps, cross-sections and a summary report.
About Ekometall
Ekometall is an emerging critical minerals exploration company focused on unlocking Austria’s significant precious and base metal potential across the country’s historic mining districts. The Company has assembled a specialized, Austria-based technical team that applies AI-assisted analysis to digitize and interpret over five centuries of previously inaccessible geological records, transforming archival data into actionable exploration targets.
With a dominant first-mover land position exceeding 10,000 km² and a demonstrated ability to efficiently permit and execute drilling programs, Ekometall offers global mining partners a compelling entry point into a favorable European jurisdiction. The Company’s combination of local expertise, modern exploration methods, and extensive mineral tenure establishes Ekometall as the essential gateway for accessing the critical raw materials vital to Europe’s energy transition and industrial future.
For more information, visit ekometallgroup.com.
For information on Ekometall’s projects or for investor relations inquiries, please contact:
Ryan Finlay
Managing Director & CEO
