Ann: More High-Grade Extensional Results at Paulsens, page-2

Always like extensional drilling results. More gold to mine. It is interesting that a vast majority of these ongoing holes are hitting high grade gold. It is a very rich open system. Paulsens remains open across all their underground targets and at surface.

The Restart Study to support a potential decision to resume mining is on target for completion in mid-2023.
Selective mining methods are planned to optimise extraction of both the Main Zone and the **bro Veins.


Black Cat’s Managing Director, Gareth Solly, said: “These results from the upper and lower levels of Paulsens continue to
show the potential which exists as we drill deeper and parallel to the existing workings. As well as identifying additional
Main Zone mineralisation at lower levels, we continue to encounter swarms of high-grade mineralisation in the **bro
Veins in mineable positions. Assays remain outstanding and drilling continues in parallel with our Restart Study.”