MEK ann -- Definitive Feasibility Study (“DFS”) for the Company’s 100% owned Murchison Gold Project (“Murchison”) released during the quarter: o Low-risk re-start of existing processing plant; o 400,000oz mined, with up to 64,000oz pa; o Underpinned by an initial 305,000oz @ 3.8g/t Au Ore Reserve; o Undiscounted free cash flow of $577 million pre-tax, $413 million post-tax; o NPV8% of $344 million pre-tax, $244 million post-tax; o IRR of 127% pre-tax, 100% post-tax; and o Start-up capital of $44M (including contingency) paid back in just 7 months. Post quarter end, the Company purchased a larger 750kW ball mill, increasing processing capacity by 30% relative to the DFS. Release of an expanded production plan and updated DFS is targeted for the December 2024 quarter
