Corporate Presentation Update
Accelerating large-scale Tunkillia Project, 'Stage 1' operations (2026)
Dear Investors & Colleagues,
Following yesterday's announcement of silver grading up to 17,600 g/t Ag (within 6m @ 4,747 g/t Ag) - extraordinarily highe-grade for Australia - in Tarcoola's Tolmer Prospect, we are pleased to share an updated corporate presentation.
With the gold market now rising to meet our long-term thesis, we are pleased to have positioned our near-term ('Stage 1') and medium-term ('Stage 2') development platforms ahead of the curve - we will now be accelerating both to commercialisation.
The core of our long-term strategy is scale - in efficiencies, production, and profits. Therefore, our main focus is advancing Tunkillia to development as quickly as possible. Our Optimised Scoping Study (OSS), due to complete pre- 30 June 2025, will inform expedited Mining Lease studies, Resource upgrades, and feasibility programs.
In parallel, we will also look to exercise our option to leverage our existing, fully-permitted Central Gawler Mill to 'Stage 1' operations starting 2026. This infrastructure is a significant leverage point for BGD's current investors, and provides a short, lower-cost, and lower-risk pathway to operations and the re-rating of BGD to 'producer'. There is significant arbitrage value in this 'real option', and we will now exercise it.
We have some very exciting months ahead, with multiple studies underway and the model for a ~15 year production and growth pathway taking shape during that time. We look forward to sharing many updates as we methodically advance our strategy.
A copy of this presentation can be found on the ASX platform and the Company's website here, or accessed by clicking the image or link above.
Regards,
Alexander Scanlon
Managing Director & CEO
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