Ann: Substantial 39% increase to Youanmi Gold Resource to 1.7Moz, page-2

Substantial 39% increase to Youanmi
Gold Project Resource to 1.7Moz
Highlights:
• Youanmi Total Mineral Resources increased by 466 koz
(+39%) to 1,656 koz of contained gold (Au). Junction and Link
mineralisation to be incorporated in later models.
• Mineral Resource Estimates for both Youanmi Near Surface
and Youanmi Deeps Resources have realised significant
increases with 48,000 metres of combined diamond and RC
drilling completed and results incorporated into this estimate.
Exploration work is ongoing.
• All in exploration costs for the project since the last published
resource (2019) indicates a $16 per ounce discovery cost for
this addition to the resource, well below industry averages.
• Grace Maiden Resource defined to contain 109koz of
contained gold at 7 g/t Au with upside potential remaining.
• Near Surface Resource increased by 50% to 800koz Au in
total.
• Deeps Resource shows impressive growth (+30%) to 856koz
Au with high grades preserved (7.9g/t Au resource average)
• Increase in Au metal ounces per vertical metre for Youanmi
Deeps over key potential mining depths