General Discussion - E79

Current Drill Program

• 110 aircore holes for ~7,000m underway at Laverton South

• Targeting extensions of KalGold’s Lighthorse discovery (intercepts like 17m @ 4.81g/t Au from 48m), just 40m from E79’s tenement

• 29 holes done (~2,253m, ~26%) — assays due mid-April

Updated Cash Position

• Cash at 31 Dec 2024: $1.46M

• Capital Raise 17 Feb 2025: $1.8M

• ✅ Total Cash: $3.26M

They’ve got enough to:

• ✅ Complete the full aircore campaign

• ✅ Assay everything

• ✅ Start RC drilling if the results stack up

Following a Proven Path

KalGold drilled around 8,000m of aircore before transitioning to RC at Lighthorse.
E79 is at ~2,253m so far, aiming for 7,000m — nearly mirroring KAL's approach in scale and methodology.
If assays confirm near-boundary extensions, E79 could be one RC campaign away from proving a discovery on their side.

Here’s a side-by-side timeline showing how E79’s drilling progress compares with KalGold’s path from aircore to RC:

• KalGold began aircore (8000m) in late 2023, hit strong assay results by Feb 2024, and transitioned to RC by March.

• E79 started aircore in March 2025, on track to finish by late April, with a potential RC decision point mid-May.

If E79’s assays mirror KalGold’s early success, they’re walking the same trajectory — just 12 months behind and catching up fast.

Why It Matters

• Tenement sits in a Tier 1 belt (LTZ) with over 30Moz endowment

• Zero prior drilling within 1.5km of boundary

• Market cap still just ~$5.5M

• All the right structures, right neighbours, right time

Final Thought:

They’ve got the cash.
They’re drilling next to a discovery.
And the first assays are weeks away.

If this turns into a Lighthorse repeat, this could be one of those “remember when it was $0.04?” moments.

GLTAH
Money in the ground.