Morning Trading June 17, page-31

MEK Good announcement ---
Accelerate Development Bridging facility in place to cover purchase, relocation and installation at the Murchison Gold Project
▪ To accelerate development of the Company’s 100% owned Murchison Gold
Project, high-quality infrastructure has been purchased at ~20% of the cost
estimated in the May 2024 Definitive Feasibility Study, including:
o 116-person camp;
o 200-person change house and ablutions for the Andy Well mining centre;
o 36.5m x 14.5m fully fitted-out main office building for the Andy Well
mining centre;
o 12m x 9m open pit mining office form the Turnberry mining centre; and
o 110kL fuel storage tank.
▪ These purchases are a material step toward realising the Definitive Feasibility
Study (released on 30 May 2024) outcomes including an initial 9-year
production plan, undiscounted pre-tax fee cash flows of $577M and IRR of 127%
(@$3,500oz).
▪ Planning is in place to relocate the infrastructure 100km from Sandfire
Resource’s DeGrussa mine to the Murchison Gold Project in July 2024.
▪ The Company has entered into a $2.2M secured, bridging facility to cover the
purchase, relocation and installation of the infrastructure. Full credit approval
for a larger project development facility is targeted for July 2024