2024 Year-End Exploration Results

Core Viewpoint - Hycroft Mining Holding Corporation has announced significant high-grade gold and silver drill results from its 2024 exploration program at the Hycroft Mine in Nevada, indicating strong potential for future mining operations and exploration opportunities [1][9]. Exploration Results - The 2024 exploration program included 9,058 meters of drilling, geophysics, geochemistry, and mapping campaigns, leading to a better understanding of mineralization controls in high-grade trends [4][6]. - High-grade silver was consistently found at the Brimstone target, with several intervals exceeding 1000 g/t silver, marking some of the best drill results in the company's history [3][4]. - The Vortex target also showed promising results, with high-grade silver and gold intersections, indicating strong continuity and potential for further exploration [3][5]. Specific Drill Highlights - Brimstone: Notable drill results include H24D-6011 with 53.3 meters of 218.92 g/t Ag and 0.26 g/t Au, and H24D-6012 with 50.7 meters of 101.82 g/t Ag and 0.28 g/t Au [4][7]. - Vortex: Drill hole H24D-6007 encountered 950 g/t silver and 4.78 g/t gold before being lost, suggesting high potential at depth [3][5]. - Manganese Target: Identified oxide mineralization within 120 meters of the surface, indicating potential for heap leach opportunities [3][4]. Future Potential - The company is assessing the potential for a start-up heap leach operation in advance of the sulfide milling operation, given the high commodity price environment [4][9]. - The exploration strategy has shifted to target high-grade mineralization based on new geological understandings, which could lead to further discoveries [4][6]. Company Overview - Hycroft Mining Holding Corporation is focused on developing the Hycroft Mine, one of the largest precious metals deposits globally, and transitioning to commercial operations for processing sulfide ore [9].