Figure 10 AC collar locations over regional geological interpretation and airborne magnetics, showing maximum downhole gold values. Figure 11 Sherlock Crossing, showing extended soil anomaly > 15 ppm Sb to the SW of the proposed first pass drilling area at the Clarke Mine. Share Registry Share Registry Novo Exploration Map Novo Exploration Map Novo completed its maiden RC drill program at the Clone prospect as part of the Tibooburra Gold Project in May 2025 testing 500 m of strike. Drilling ...

Summary of Conference Call Company Overview - The company is a gold exploration and development firm with assets located in Western Australia (WA) [1] - The project is described as compelling with strong financials [1] Key Financial Metrics - Total resources amount to 1,800,000 ounces, with 1,500,000 ounces added at a discovery cost of less than $20 per ounce [2] - Reserves stand at 1,100,000 ounces [2] - The project has an internal rate of return exceeding 100%, a one-year payback period, and a net present value (NPV) of $1,400,000,000 at a gold price of $4,250 per ounce [2] - Current gold price is over $5,000 per ounce [2] - The company has over $22,000,000 in cash and potential options worth an additional $6,000,000 [4] - Institutional ownership has increased to approximately 23% from a largely retail base over the past year [4] Project Locations and Infrastructure - The three main projects are located near Kalgoorlie: Fayesville, Mandela, and Spargaville [5] - The area is well-supported by infrastructure including potable water, gas pipelines, grid power, and mining camps [5] - The company anticipates a smooth permitting process due to strong community and local government support [6][32] Production and Cost Metrics - The pre-feasibility study (pre-FEES) indicates a production of 95,000 ounces per annum for the first twelve years, with an all-in sustaining cost under $2,100 per ounce [13] - Peak negative cash flow is projected at $227,000,000, with a market cap over $230,000,000 [13] - The total estimated cost for the processing plant and infrastructure is $180,000,000, with an additional $47,000,000 for pre-production mining [14] Resource Growth and Exploration - The company has grown its resources from zero to 1,800,000 ounces, with a history of adding ounces at under $20 per ounce in discovery costs [10][18] - The flagship project, Mandela, has seen significant resource growth, with 1,400,000 ounces added at a discovery cost of $18 per ounce [18] - The company is currently drilling and expects to continue growing resources at a low discovery cost [3] Recent Developments and Future Plans - A transaction with Maximus Resources has expanded the company's tenure and allowed for cost-effective infrastructure design [16] - The company plans to start a 3,000-meter diamond drilling program in September to target high-grade gold [23] - A 10,000-meter infill program is planned for the Stage One deposit in Thea to ensure resource reliability [24] - The company aims to deliver a definitive feasibility study (DFS) by June 30 next year and is on track for first gold production by December [30][33] Market Position and Competitive Landscape - The company operates in a prolific gold region, with significant nearby deposits and a competitive edge due to its location and infrastructure [21][25] - The only other deposits larger than its flagship project are owned by major players, indicating a unique market position for a junior company [25] Conclusion - The company is well-funded and positioned for growth, with a strong focus on de-risking its flagship project, Mandela [31][32] - The aggressive timeline for development and strong financial metrics suggest a promising outlook for future operations and profitability [33]

Core Viewpoint - Altamira Gold Corp. is mobilizing a diamond drill rig to the Cajueiro gold project in Brazil to explore depth and lateral extensions of the Maria Bonita mineral resource and other identified porphyry targets [1][2]. Group 1: Drilling Program - An initial drilling program of 3,000 meters is planned, consisting of eight holes to test extensions of the Maria Bonita gold deposit, which remains open to the west, south, and at depth [6][10]. - The drill program will expand to include several identified porphyry gold targets within the Cajueiro district after initial drilling at Maria Bonita [2][11]. Group 2: Resource Estimates - The Cajueiro Central area has an open pit resource of 5.66 million tonnes at 1.02 g/t gold, totaling 185,000 ounces in the Indicated Resource category, and 12.66 million tonnes at 1.26 g/t gold, totaling 515,000 ounces in the Inferred Resource category [8]. - The Maria Bonita deposit has Indicated Resources of 24.19 million tonnes at 0.46 g/t gold (357,800 ounces) and Inferred Resources of 25.64 million tonnes at 0.44 g/t gold (362,400 ounces) [9][16]. Group 3: Project Location and Infrastructure - The Cajueiro district is located approximately 75 km northwest of Alta Floresta in Mato Grosso, Brazil, and is easily accessible by road, with existing infrastructure such as grid power and local water supply [3][5]. - A simple development camp is being constructed at Maria Bonita to support the drilling program and expedite logistics [12][17].

Core Viewpoint - Probe Gold Inc. has reported significant results from its 50,000-metre winter infill drill program at the Novador property, which is expected to support the upcoming 2025 pre-feasibility study, confirming continuity and expansion potential of gold resources [2][3][5]. Group 1: Drill Program Results - The infill drill program consisted of 51 drill holes totaling 8,405 metres, yielding notable gold intercepts from near-surface to approximately 200 metres vertical depth in the Bussiere and Creek deposit areas [2][3]. - Significant grades were reported, including 6.2 g/t Au over 4.9 metres and 26.8 g/t Au over 1.0 metre, with additional intersections of 3.1 g/t Au over 17.0 metres [5][6]. Group 2: Project Development and Future Plans - The results from the drilling program are crucial for resource conversion and will form a foundation for the pre-feasibility study, marking an important milestone in advancing the Novador project towards development [3][5]. - The company is making progress in permitting, resource expansion, and optimizing the mine plan, with a strong treasury supporting its commitment to establishing Novador as a top-tier gold development project [3][14]. Group 3: Geological Context - Mineralization along the Courvan trend is characterized by shallow-dipping East-West gold-bearing veins associated with shear zones intersecting the Bourlamaque granodiorite batholith, indicating a favorable geological setting for gold extraction [9][13]. - The Bussiere deposit remains open laterally and at depth, suggesting further exploration potential [9].

Core Viewpoint - Westhaven Gold Corp. is initiating summer exploration activities on its four gold projects in the Spences Bridge Gold Belt, with a focus on advancing the Shovelnose property through a 3,000m drilling program starting in June 2025 [1][2]. Company Overview - Westhaven Gold Corp. controls approximately 61,512 hectares in the Spences Bridge Gold Belt, which is recognized for its potential in low sulphidation, high-grade epithermal gold mineralization [16]. - The Shovelnose Gold Project is the most advanced property, with a 2025 Preliminary Economic Assessment indicating a robust underground gold mining opportunity with an average annual production of 56,000 ounces and an after-tax NPV of Cdn$454 million [16]. Exploration Activities - Current field work includes prospecting, mapping, and geochemical sampling across all four properties, with a specific emphasis on discovering and defining gold targets for future drilling [2][3]. - The Skoonka North property is being evaluated for improved bedrock exposures due to forest fires in 2024, and new target areas have been identified at the Prospect Valley property based on stream sediment and soil sample results [4][5]. Drilling Results - Recent drilling at the Certes and Corral targets has confirmed the presence of multiple preserved epithermal systems within the Shovelnose property, indicating a high potential for significant gold mineralization [2][11]. - The winter drilling program at Shovelnose included 4 holes totaling 2,004m, targeting the Certes and Corral areas, with results suggesting the presence of well-preserved epithermal systems [6][10]. Financial Position - The company recently closed a private placement financing of Cdn$4.6 million, positioning it well to advance its exploration and development activities across all four properties [2].