Korbel Main

Large Bulk Tonnage Gold Resource: 6,640,000 oz @ 0.3 g/t Au

  • 3,090,000 oz Indicated & 3,550,000 oz Inferred

  • ~1,000,000 oz in a high-grade feeder system

The Korbel Main deposit is a large Intrusion Related Gold System (IRGS)

  • Confirmed strike length of over 2.5km, width of 500m, and up to 700m depth
  • From surface and remains open with significant potential to further extend the mineralization
  • Approximately 1.0 Moz of the resource is in a high-grade feeder system for direct mill feed
  • Resource based on ~ 65,000m of RC and diamond core drilling
  • Very low strip ratio of 1.7:1
  • Testing has shown that the lower grade material can up upgraded, up to 6 g/t Au, using ore sorting technology
  • PFS test work also investigating the potential to heap leach ore using agglomeration
  • The high value of the discovery is driven by its size and growth potential and has the potential to be mined by large scale, low strip ratio, low cost open pit mining