MEK ann -- Definitive Feasibility Study (“DFS”) for the...

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