• Total gold production of 2.0 Moz • Average annual gold production rising from 70 to 75 koz in FY25 to FY27 to 230 koz through to FY34 • All-in Sustaining Cost (AISC) decreasing to US$1,000 to US$1,200/oz from FY28 to FY34 • Expansion Growth Capital estimated at US$213 million (-20/+30% Class 5 Estimate) across FY26 to FY28
o Assuming 3.7 Mtpa Saleable Concentrate Flowsheet option o Additions to existing circuit: new Ball Mill, Flotation Circuit, Concentrate Shed and Wharf upgrade
• Pre-Expansion Growth Capital of between US$40 million to US$55 million across FY25 to FY27
o Studies and Designs, New Sizer, Camp upgrade, RO Plant and miscellaneous improvements
• Simberi Mine Plan exceeds 10 years
o 81% Measured and Indicated Mineral Resource (less than 19% Inferred Mineral Resource) o No Exploration Targets included o Management proposing 8,000 plus metre diamond drilling campaign in FY25
• Minimal commitment of growth capital to Nova Scotia Projects before Simberi Expansion completed
o pending signs of an improved outlook for permitting and regulation from Nova Scotia Department of Environment and Climate Change (NSECC)
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