Core Viewpoint - Austral Gold Limited has resumed commercial production at its 100%-owned Casposo Mine in Argentina following the successful refurbishment of the Casposo Plant, which included a commissioning phase that began in December 2024 after securing a US$7 million bank loan [2][5]. Production and Operations - Initial production at Casposo is being sourced from existing stockpiles, with plans to transition to open-pit mining through a collaborative arrangement with a local contractor, which is expected to be finalized soon [3]. - During the commissioning phase, approximately 230 gold equivalent ounces (GEOs) were produced from residual plant material and historical samples [4]. - Production guidance for the remainder of 2025 is forecasted at approximately 4,000 to 6,000 GEOs, averaging about 1,800 GEOs per month, which includes the 230 GEOs produced during commissioning [5][9]. Financial and Strategic Position - The restart of operations at Casposo is seen as a significant milestone for the company, enhancing its production profile with two active mines now operating in Argentina and Chile [9]. - The company aims to generate improved cash flow and strengthen its financial position through this development [5]. Technical Details - Gold equivalent ounces (GEOs) are calculated using a silver-to-gold ratio of 91:1, with gold and silver expected to account for 70% and 30% of production at Casposo, respectively [10]. - Metallurgical recovery rates are forecasted at 90.3% for gold and 85.8% for silver, with average head grades projected at 1.88 g/t gold and 80.73 g/t silver [10].