Newlox Gold Ventures Corp. - Operational Update

Core Insights - Newlox Gold Ventures Corp. is making significant progress towards the operational readiness of Plant 2, with successful installation and testing of the ore feeder [2][3] - The company is focused on optimizing feedstock through systematic sampling to maximize processing efficiency [3] - A capital raise has been announced to fund ore acquisition and materials for Plant 2, targeting initial production of 20 tonnes per day, scaling to 50 tonnes per day by year-end [5][6] Operational Developments - The management and board conducted a site visit to align operational strategies and validate progress towards shared goals [1] - Conveyor systems, crushing units, and discharge equipment are undergoing fine-tuning, with comprehensive electrical system testing completed [3] - Collaboration with CIMEX at the National University of Colombia has led to successful chemical composition analyses and granulometric studies, indicating strong recovery rates for ore samples [4] Financial and Production Goals - The capital raise aims to finalize audits, fund ore acquisition, and secure materials for commercialization [5] - Management is committed to allocating the majority of working capital and new funds to operational improvements and future production investments [6] Expansion Plans - Newlox is exploring a second location in Costa Rica, conducting due diligence and feasibility studies to support long-term growth [7] Company Overview - Newlox Gold Ventures Corp. is dedicated to recovering gold and silver from artisanal and small-scale mining operations in Latin America, leveraging technology for precious metal recovery while contributing to local economic development [8]