Ann: Maiden Gold Pour, page-45

MAIDEN GOLD POUR 11.01.2022

Just trying to get some facts and figures together




Initial nine-day toll treatment campaign processed 20,500 tonnes of low-grade development ore which gave

Maiden processing campaign completed with first gold pour producing 840 ounces, worth $2.1 million




23,814g/20,500 = 1.61g/t of gold average

840 ounce of gold = $2.1 million dollars $2500 AUD per Ounce in Jan the price of Gold was around $1700USD

NEXT Pour OFF

High-grade stoping activities underway, with a further 60,000 – 75,000 tonnes to be processed in H1 2022
a further 2-3 processing campaigns are expected, totalling between 60,000-75,000 tonnes over the coming months.

GSR could roughly make 3-4 times the amount of money $6-$8 Million Dollars

So are these other Pour of production getting close?

Thanks