Core Viewpoint - The announcement highlights a 20% increase in the total resource of the Cygnet gold project, reaching 2.06 million ounces, contributing to a total resource of 5.07 million ounces of gold for the company [1][4]. Group 1: Cygnet Gold Project Overview - The Cygnet gold project is located approximately 360 kilometers east of Perth, Western Australia, and consists of three deposits: Copperhead, Corinthia, and Golden Pig [1]. - The total resource estimate (MRE) for the Cygnet project has been updated to 2.5142 million tons of ore with an average grade of 2.55 grams per ton, containing 206,000 ounces of gold [4]. Group 2: Copperhead Deposit Details - Copperhead is one of the largest and oldest gold mines discovered in Western Australia, with historical production exceeding 1.5 million ounces and an average grade of 3.8 grams per ton [2]. - Recent drilling in the Copperhead low-grade ore stockpile has identified 860,000 tons of ore at an average grade of 0.69 grams per ton, containing 19,000 ounces of gold [2]. - A significant deep drill hole revealed a gold mineralization of 22.3 meters at a grade of 7.6 grams per ton, indicating potential for further resource expansion [2]. Group 3: Corinthia Deposit Insights - Corinthia, a recently acquired open-pit gold deposit, has produced 206,800 ounces of gold with an average grade of 2.7 grams per ton [3]. - Drilling has identified a potential open-pit area of approximately 1 kilometer, with an estimated 3.55 million tons of ore at an average grade of 1.73 grams per ton, containing 197,000 ounces of gold [3]. - High-grade gold mineralization has been discovered in deep drill holes, suggesting the potential for underground mining [3]. Group 4: Golden Pig Deposit Information - The Golden Pig deposit, located near Southern Cross, has a historical total gold production of 500,000 ounces with a grade of 5.9 grams per ton [4]. - The MRE for Golden Pig has been updated using a cut-off grade of 1.5 grams per ton [4]. Group 5: Management Commentary - The CEO expressed satisfaction with the rapid increase in resource quantity at the Cygnet project, emphasizing the potential for early cash flow from the Copperhead resource [5]. - Over 77% of the total MRE is classified as measured and indicated, providing a solid foundation for the company's gold production plans [5].