High-Grade Gold in Near Surface Drilling at Grenadier

Highlights

• Maiden drilling program at the Grenadier Prospect successfully intersected target structures and sulphide-bearing quartz veining beneath high-grade surface trenches

• Shallow high-grade gold confirmed below surface, with results including:

• GNDD006 – 1.4m @ 5.2g/t Au from 26.0m, including 0.42m @ 12.7g/t Au

• GNDD007 – 1.9m @ 1.2g/t Au from 60.6m

• Mineralised structures shown to be structurally continuous and open along strike and down-dip

• Quartz-sulphide veining hosted along mafic dyke contacts, interpreted to be part of a larger intrusive system

• Untested high-grade targets identified east and south-east of the current Grenadier drilling area, including previously reported:

• Trench 11 vein: 0.6m @ 13.8g/t Au

• G3 vein Outcrop: 1.0m @ 11.6g/t Au

• Grenadier lies within the 9km long Golden Ridge mineralized corridor, which also hosts Flynn’s Trafalgar Prospect, where previously reported drilling has returned high-grade intersections >100g/t Au