Bulk Sample Returns Excellent Recoveries of High-Grade Gold

Highlights

• Assays averaging 10.5g/t Au with 95% gold recoveries from conventional leach test work on bulk sample material from the Grenadier Prospect

• Results consistent with 94.5% average gold recovery achieved from 2023 testwork on the nearby Trafalgar prospect

• Follow-up metallurgical testwork on a larger sample now planned

• Drilling at Grenadier Prospect to commence in coming weeks