Austral Gold Executes Mining Service Agreements at Casposo

Core Viewpoint - Austral Gold Limited has entered into two significant mining service agreements to support mining development activities at its Casposo Mine in Argentina, which is expected to enhance production capabilities in 2026 [2][9]. Group 1: Mining Service Agreements - The company has signed agreements with ADL S.R.L. for drilling and blasting services and DP Minería y Servicios S.R.L. for loading and haulage services at the Julieta and Mercado open pits [3][10]. - The agreements are valued at approximately USD 42 million, plus VAT, and are set to last for 36 months from the commencement date [10]. Group 2: Production Guidance and Operations - Production from the Julieta and Mercado pits, along with existing stockpiles, is projected to be the primary source of ore for Casposo's 2026 production guidance of 11,000-13,000 Gold Equivalent Ounces (GEOs) [4][9]. - The first quarter of production for Casposo, ending December 2025, is on track to meet the guidance of 4,000-6,000 GEOs, with gold recovery rates expected to exceed 90% and cash costs anticipated to remain below USD 1,900 per ounce [6][9]. Group 3: Mineral Reserves - Total Proven and Probable Mineral Reserves for the Julieta and Mercado pits, along with existing stockpiles, are estimated to contain 43,000 recoverable ounces of gold and 1.263 million ounces of silver [5].