Ann: EXCEPTIONAL HIGH-GRADES UP TO 34.9 G/T AU AT ISLAND GOLD, page-175

Reviewing the RMS, RIU presentation, "Cue Gold Project - The Prize"

(the high grade profitability of Cue gives RMS a lot of its $2-3bn Valuation, 2.8Mt @2.8gpt)

First picture
RMS vs CRS location.

Second Picture
Break of Day, 160koz @ 8.2gpt. is highly fractured on the same BIF structure as Island Gold

Cut off grade at the moment at 0.5gpt, costs $70/tn of ore, therefore 8.2gpt - 0.5 = 7.7gpt profit every tonne milled. = $1082/tn milled. @$4500/oz
Over the life of Bod 1mt = $1bn dollars profit (excluding capital). much more than it was went it bought Musgrave Minerals.

Second picture,
West Island is producing "blind" gold intercepts under the salt lake.

Third picture
Is the remaining 30 holes from the 2024-2025 drill campaign, drilling high grade between Baxters, Golconda and Vadrians Hill.
This will hopefully increase grade and tonnes in the maiden Island gold resource which should underpin CRS valuation.

The 1 high grade intercept from 008 and 009 for example gave a estimate tonnage of 12m * 15m * 30m * 3Sg = 16,200 tns & 5.4gpt = 2,733oz.
which is $12.3m of in ground value from just 2 holes.

This shows how fickle gold is, and grade is KING always!