Rio2 Announces Gold Pour at Fenix Gold Mine

Core Viewpoint - Rio2 Limited has successfully completed its first official gold pour at the Fenix Gold Mine in Chile, marking a significant milestone in its operations and development [1][2]. Group 1: Operational Milestones - The first gold pour yielded approximately 897 ounces of gold, in addition to about 358 ounces produced during the plant commissioning process in December, totaling approximately 1,255 ounces of gold [2]. - The combined gold pours also produced approximately 131 ounces of silver, establishing Fenix Gold as the newest gold mine in Chile [2]. Group 2: Future Production Plans - Rio2 aims to ramp up operations at Fenix Gold to 20,000 tonnes per day of ore by the end of 2026, targeting gold production of 60,000 to 70,000 ounces for the year [3][6]. - The company plans to provide further updates on project progress and guidance as mining and gold production continue throughout 2026 [6]. Group 3: Leadership Commentary - Alex Black, Executive Chairman, emphasized the achievement as a culmination of an eight-year journey since the merger with Atacama Pacific Gold Corporation, highlighting the team's discipline and determination [4]. - Andrew Cox, President and CEO, expressed pride in the team's accomplishment during a short 14-month construction period, focusing on safe and efficient ramp-up operations [4][6]. Group 4: Company Overview - Rio2 is committed to high environmental standards and responsible development, aiming to balance social, environmental, and economic factors in its mining projects [8]. - The company is focused on the development and mining operations of the Fenix Gold Mine, with a strong emphasis on technical skills and capital markets success [8].