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Needles Gold Project

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Roboto

The Needles Gold Project is located approximately 100km southeast of the 15 Moz Kinross Round Mountain open cut gold mine, considered to be one of the world’s largest epithermal, low-sulphidation volcanic-hosted gold deposit.  The Project was historically mined for epithermal gold and silver mineralisation in the early 1900s and has numerous epithermal gold-silver veins on the project, with high-grade rock chip results of up to 33g/t Au and 1,115g/t Ag.

The 18km2 project hosts a large epithermal system, and is prospective for both vein-type and disseminated mineralisation.

A technical review of historical exploration in mid-2025 revealed the project is largely underexplored, with most exploration drilling only in the shallow parts of the project. The presence of kaonlinite dominated clay alteration at surface suggests the current topographic surface is in the high-level 'cap' of the epithermal system. As most of the exploration conducted to date is within this 'cap', this means that the most prospective exploration space has been largely untested. 

Several walk-up vein type drill targets are present at the project, including:

Rock chip samples of up to 33g/t Au and 622g/t Ag around the historical mine, with no drill testing to date

107m-deep 4-level underground mine, with historical drill intercepts including 3.42m @ 2.92g/t Au and 905g/t Ag. There has been no drilling beneath the high-grade historical mine

200m-long trend of elevated rock-chip results including up to 5.54g/t Au and 406g/t Ag, with no previous drill testing

The Company is looking to conduct exploration drilling at Needles at the earliest opportunity