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RPM – Overview

High-Grade Gold In the South

  • High-grade Measured & Indicated core of 340,000 oz @ 2.3 g/t Au 

  • Super high-grade Measured component of 180,000 oz @ 4.1 g/t Au

  • Mineralization from surface and remains wide open

  • 3 of the best drill intercepts in the last 10 years globally

RPM-005

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g/t Au

Incl: 287m @ 4.8 g/t Au

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g/t Au

86m @ 14.1 g/t Au

RPM-015

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g/t Au

Incl: 161m @ 8.1 g/t Au

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g/t Au

45m @ 25.3 g/t Au

RPM-008

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g/t Au

Incl: 140m @ 6.5 g/t Au

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g/t Au

56m @ 15.0 g/t Au

RPM is a broad zone of continuous mineralization measuring approximately 1.0 km long x 0.9 km wide x 0.6 km deep, across 3 areas

         

67 holes of high-quality close spaced diamond drilling ~20,000m drilled to date (6,600m (29 holes) of 2023 drilling not included in the current resource)

Drilling in 2024 to focus on growing and proving up the Measured and Indicated resource to ore reserves for the PFS

Resource upside exists to the North of the current drilling where further high-grade surface samples have been discovered on the ridgeline. RC drilling in 2024 to test these targets

PFS test work also investigating the potential to heap leach lower grade ore from RPM with agglomeration

Site for another potential processing plant on a flat plain approximately 5 km North of RPM to process ore from the deposits within the area, which is currently the subject of a PFS level trade-off study 

PFS looking at a low cost, low strip ratio, open pit and shovel mining operation at RPM. Loaded trucks with downhill hauls

RPM 2023 resource block model showing proposed scoping study pit

World Class Thick High-Grade Gold Drill Intercepts

High-Grade Gold Resource: 340,000 oz @ 2.3 g/t Au Measure & Indicated (Within a broader total resource of 820,000 oz @ 0.8 g/t Au)

  • High-grade core outcropping at surface is suitable for a starter pit
  • Super high-grade Measured component of 180,000 oz @ 4.1 g/t Au

The RPM North deposit is a high-grade gold zone located within RPM

  • World class, thick high-grade, drill intercepts
  • Resource based on ~ 11,000m of high quality oriented diamond core drilling (2023 drilling not included in the current resource)
  • The high value of the discovery is driven by its size, grade and growth potential and has the potential to be mined by large scale, low strip ratio, low cost open pit mining
  • With a 450m strike length and 150m width, defined by close spaced resource drilling, the deposit remains open from surface with significant potential to further extend the mineralization
  • Includes a high-grade M&I core of 100m long x 50m wide x 300m deep

Thick zones of continuous high-grade gold defined by close space drilling

Maiden Gold Resource: 420,000 oz @ 0.4 g/t Au Inferred

  • Assays replicate the early discovery results encountered at RPM North

The RPM South deposit is located approximately 800m South of RPM North

  • Large intervals of near surface gold
  • Currently has a strike length of 400m and width of 250m and remains wide open in all directions
  • Resource based on ~ 3,000m of high quality oriented diamond core drilling (2023 drilling not included in the current resource)
  • Oriented drill core data confirms a geological connection linking RPM North to RPM South of approximately 600m, which will be further drill tested in 2024
  • Potential for additional super high-grade bonanza zones to be targeted in upcoming drill programs

Additional Broad Zone of Mineralization in the Valley
  • Potential exists for RPM Valley to connect with RPM North

RPM Valley is a recently discovered gold zone located approximately 150m South West of RPM North

  • RPM Valley remains wide open in all directions and further infill and step out drilling is planned in 2024 to increase the geological
    understanding and to prove up and determine the extent of the mineralization.
  • Potential exists for all the RPM gold zones to converge representing a large IRGS system