Core Viewpoint - Revival Gold Inc. has reported promising initial results from its drilling program at the Mercur Gold Project in Utah, indicating strong mineralization and leachability consistent with expectations [4][7]. Drilling Program Overview - The company has completed 53 holes and 5,300 meters of its planned 13,000-meter drilling program for the year [7]. - Initial assay results from the first nine reverse circulation (RC) drill holes and one core drill hole show significant gold grades [7][8]. Assay Results - Notable intersections include: - RM25-094: 0.85 g/t gold over 21.3 meters drilled width [7] - RM25-096: 0.73 g/t gold over 22.9 meters drilled width [7] - RM25-100: 1.04 g/t gold over 19.8 meters drilled width [7] - RM25-101: 0.63 g/t gold over 22.9 meters drilled width [7] - RMC25-014: 1.52 g/t gold over 7.6 meters drilled width [7] Mineral Resource Consistency - The mineralization and leachability results align with the Inferred Mineral Resource and metallurgical models from the Mercur Preliminary Economic Assessment [7][11]. Company Background - Revival Gold is a significant pure gold mine developer in the United States, focusing on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho [15].

Core Viewpoint - West Red Lake Gold Mines Ltd. has successfully closed a bought deal public offering, raising a total of C$40,651,260 through the issuance of common shares and charity flow-through shares, aimed at advancing its Madsen Gold Mine and supporting exploration activities at the Rowan Project [1][2][3][4]. Group 1: Offering Details - The offering included 37,526,800 common shares priced at C$0.95 each, generating gross proceeds of C$35,650,460, and 3,760,000 charity flow-through shares priced at C$1.33 each, yielding gross proceeds of C$5,000,800 [1]. - The total gross proceeds from both offerings amounted to C$40,651,260 [1]. Group 2: Use of Proceeds - Net proceeds from the common shares will be allocated to advancing the Madsen Gold Mine, including ramping up to commercial production and pursuing growth opportunities, as well as for working capital and general corporate purposes [2]. - Proceeds from the charity flow-through shares will be directed towards qualifying Canadian exploration expenses, primarily at the Rowan Project, which includes infill drilling, engineering, and environmental work in support of a Pre-Feasibility Study [3]. Group 3: Company Overview - West Red Lake Gold Mines Ltd. is focused on its flagship Madsen Gold Mine and holds a highly prospective land package in the Red Lake district of Ontario, which has historically produced over 30 million ounces of gold [6]. - The company also owns the Rowan Property, covering 31 km² and including three past-producing gold mines [6].

For personal use only UNLOCKING A DISTRICT- SCALE GOLD SYSTEM IN ONE OF THE WORLD'S PREMIER MINING JURISDICTIONS PRECIOUS METALS SUMMIT BEAVER CREEK September 2025 ASX:TSO | OTCQB:TSORF DISCLAIMER This presentation and any accompanying verbal presentation (together the Presentation) are confidential and have been prepared by Tesoro Gold Limited (Tesoro or the Company) and approved by the Board of the Company. The information contained in the Presentation (Information) is summary only and should be read in c ...

Summary of Astral Resources Conference Call Company Overview - **Company**: Astral Resources - **Industry**: Gold Mining - **Key Executive**: Mark Daclaret, Managing Director with over 30 years of experience in the mining industry [1] Key Points and Arguments 1. **Resource and Reserve Estimates**: - Total resources of **1,800,000 ounces** across three emerging hubs [3] - New ounces added: **1,500,000 ounces** at a discovery cost of less than **$20 per ounce** [3] - Prefeasibility indicates **1,100,000 ounces** in reserve [3] 2. **Financial Metrics**: - Prefeasibility shows a **100% internal rate of return**, a **one-year payback**, and a **net present value (NPV)** of **$1,400,000,000** at a gold price of **$4,250 per ounce** [3] - Current cash position: **$90,000,000** with potential additional funding of **$6,000,000** from expiring options [4] 3. **Market Performance**: - Share price increased from **7.5 cents** last year to over **15 cents** today [5] - Institutional holding rose from **8%** to **24%** [5] 4. **Project Development**: - Ongoing drilling with two rigs on-site, aiming to maintain discovery costs below **$20 per ounce** [4] - The company is working on a Definitive Feasibility Study (DFS) to be delivered by June [4] 5. **Location and Infrastructure**: - Projects located in the Kalgoorlie Gold Fields, an area with essential infrastructure such as water, gas pipelines, and power [6] - The prefeasibility study indicates a multi-decade mine development with **95,000 ounces per annum** for the first twelve years [7] 6. **Historical Context**: - Historical exploration and mining activities date back to **1988**, with significant discoveries made over the years [8][9] - The company has transitioned to a bulk low-grade mining perspective since its recapitalization in **2019** [10] 7. **Operational Efficiency**: - The design post-Maximus transaction allows for reduced waste movement and shorter hauling distances [16] - The probable reserve for Thea alone is **829,000 ounces**, with a **96% conversion rate** from indicated ounces [22] 8. **Future Plans**: - Plans for **20,000 meters** of drilling across Mandela and Fayesville [26] - Expected to submit works approvals within the next month and mining proposals by December [27][28] - Targeting first gold production by **December 2027** [29] Additional Important Information - The company emphasizes the importance of de-risking its mining development through various strategies [30] - The Kalgoorlie region is noted for its strong community and local government support, which is crucial for operational success [31] - The prefeasibility study indicates robust financials, with potential cash flow of **$2,800,000,000** at a gold price of **$4,250** [32]