Updated resource estimates and expansion zones

The latest Preliminary Economic Assessment (PEA) incorporates updated resource estimates, reflecting significant expansion beyond the original South Zone discovery. This update includes newly assessed mineral resources from the Franz and FMN zones, marking a substantial step forward in the project’s overall development.

The inclusion of these additional zones has led to a notable increase in the total estimated mineral resources. Preliminary data suggests that both Franz and FMN contain high-grade mineralisation, complementing the previously defined South Zone. This expansion not only enhances the overall resource base but also strengthens the project’s long-term economic viability.

Exploration efforts in the Franz zone have identified continuous mineralisation, with drill results indicating strong potential for further resource growth. Similarly, the FMN zone has demonstrated promising grades and continuity, reinforcing confidence in the broader mineralised system. These findings suggest that the deposit extends well beyond initial expectations, opening up new opportunities for further exploration.

With these updated estimates, the project now encompasses a more extensive mineralised footprint, which could significantly impact future development strategies. The expanded resource base provides a stronger foundation for economic assessments and potential production scenarios, positioning the project for further advancement.

The integration of the Franz and FMN zones into the resource model underscores the project’s growing potential and highlights the success of ongoing exploration efforts.

As drilling continues, further refinements to the resource estimates are expected, potentially unlocking even greater value. These developments reinforce the project’s significance within the region and its potential contribution to the broader mining sector.

Key findings from the latest Preliminary Economic Assessment

The latest Preliminary Economic Assessment (PEA) provides a comprehensive evaluation of the project’s economic potential, incorporating the newly defined Franz and FMN zones. The assessment highlights key financial and operational metrics, offering valuable insights into the project’s viability and long-term prospects.

One of the most significant findings from the PEA is the increase in estimated mineral resources, which has led to an improved production outlook. The expanded resource base supports a longer mine life, with preliminary projections indicating a potential extension beyond initial expectations. This extended operational timeline enhances the project’s overall economic feasibility and attractiveness to investors.

Cost estimates outlined in the PEA suggest that the project remains financially robust, with competitive operating costs and favourable capital expenditure requirements. The integration of the Franz and FMN zones has contributed to optimised mine planning, potentially reducing extraction costs while maximising resource recovery. Additionally, the assessment considers infrastructure improvements that could further enhance operational efficiency.

Metallurgical testing has confirmed that the mineralisation within the expanded zones maintains high recovery rates, reinforcing confidence in the project’s processing capabilities. These results indicate that the ore can be efficiently processed using conventional methods, minimising technical risks associated with extraction and refining.

Another key aspect of the PEA is the projected economic returns, which demonstrate strong potential for profitability. Preliminary financial models indicate a favourable internal rate of return (IRR) and net present value (NPV), suggesting that the project could generate substantial economic benefits. These projections are based on conservative commodity price assumptions, providing a solid foundation for future investment decisions.

The positive findings from the PEA underscore the project’s growing economic potential, reinforcing its position as a promising development within the mining sector.

Environmental and social considerations have also been factored into the assessment, ensuring that the project aligns with regulatory requirements and community expectations. Preliminary studies indicate that responsible mining practices can be implemented to minimise environmental impact while supporting local economic development.

With these encouraging results, the project is well-positioned for further advancement. The findings from the PEA will guide the next stages of exploration and development, shaping future strategies to maximise resource utilisation and economic returns.

Implications for future exploration and development

The latest findings from the Preliminary Economic Assessment (PEA) provide a strong foundation for future exploration and development, shaping the next steps for the project. With the inclusion of the Franz and FMN zones, the expanded resource base presents new opportunities for further drilling and geological analysis. These efforts will focus on refining resource estimates, identifying additional high-grade mineralisation, and optimising extraction strategies.

Exploration teams are expected to conduct further drilling campaigns to delineate the full extent of the mineralised system. The continuity of mineralisation observed in the Franz and FMN zones suggests that additional resources may be discovered beyond the currently defined boundaries. This ongoing work will be crucial in determining the project’s long-term potential and ensuring that all economically viable resources are accounted for.

Advancements in geological modelling and data analysis will also play a key role in guiding future exploration. By integrating the latest drilling results with advanced geophysical and geochemical techniques, exploration teams can refine their understanding of the deposit’s structure and composition. This approach will help prioritise high-potential targets for further investigation, maximising the efficiency of exploration efforts.

Infrastructure development will be another critical aspect of the project’s progression. As resource estimates grow, considerations for transportation, processing, and site logistics will become increasingly important. Preliminary assessments suggest that existing infrastructure can be expanded to accommodate future production needs, ensuring that the project remains cost-effective and operationally efficient.

Regulatory approvals and environmental assessments will continue to be a focus as the project advances. Ensuring compliance with environmental regulations and engaging with local communities will be essential in maintaining stakeholder support. Preliminary studies indicate that sustainable mining practices can be implemented to minimise environmental impact while contributing to regional economic growth.

The expansion of the resource base not only strengthens the project’s economic outlook but also reinforces its potential as a long-term contributor to the mining sector.

With these factors in mind, the next phase of development will involve detailed feasibility studies, further resource definition, and strategic planning for potential production scenarios. The positive results from the PEA provide a strong incentive for continued investment, positioning the project for future success in the evolving mining landscape.

Expanded resource estimates from Franz and FMN zones

The latest Preliminary Economic Assessment (PEA) has incorporated resource estimates from the Franz and FMN zones, significantly expanding the project’s mineral inventory beyond the original South Zone discovery. These newly assessed zones contribute additional high-grade gold mineralization, reinforcing the project’s overall resource potential.

Drilling results from the Franz and FMN zones indicate strong continuity of gold mineralization, with intercepts demonstrating both grade and scale. The updated resource model now includes these zones, increasing the total estimated gold ounces and enhancing the project’s economic outlook.

Key highlights from the expanded resource estimates include:

• Higher-grade gold intercepts in the Franz zone, supporting the potential for selective high-margin mining.
• Consistent mineralization at FMN, extending known gold-bearing structures and improving overall resource confidence.
• Increased total gold ounces, strengthening the project’s long-term development potential.

These additions not only enhance the scale of the project but also improve its attractiveness to investors seeking exposure to high-quality gold assets. With the inclusion of Franz and FMN, the project now presents a more robust resource base, supporting future development and potential production scenarios.

Impact of new zones on overall project valuation

The inclusion of the Franz and FMN zones in the latest PEA has had a material impact on the overall valuation of the project, reinforcing its economic viability and investment appeal. With the expanded resource base, the project now demonstrates stronger fundamentals, supporting a higher net present value (NPV) and improved internal rate of return (IRR).

Key financial implications of the updated resource estimates include:

• Increased gold inventory: The additional ounces from Franz and FMN contribute to a larger mineable resource, extending potential mine life and production capacity.
• Enhanced project economics: Higher-grade mineralization in the new zones could lead to improved recovery rates and lower production costs per ounce.
• Stronger investment case: The expanded resource base enhances the project’s attractiveness to institutional investors and potential strategic partners.

With these new zones incorporated, the project now has a more compelling valuation, positioning it as a competitive asset in the gold sector. The increased resource confidence also supports potential financing opportunities, as lenders and investors seek projects with strong economic fundamentals and growth potential.