Announcement PDF ASX Announcement 14 August 2024 Westgold Declares Maiden South Junction Ore Reserve Bluebird-South Junction expands to 1.2Mtpa run rate from Q3 FY25 Westgold Resources Limited (ASX: WGX, TSX: WGX, OTCQX: WGXRF – Westgold or the Company) is pleased to present the maiden Ore Reserve for its South Junction mine. South Junction is a part of a broader Bluebird - South Junction mining complex which is becoming the primary ore source for the Bluebird processing hub at Meekatharra with a 1.2Mtpa run rate targeted from Q3, FY25. Highlights Bluebird – South Junction Ore Reserve increases to 3.0Mt @ 2.8g/t Au for 277koz ■ 233% increase (+158koz) from the FY23 Ore Reserve post depletion. ■ Contribution from the maiden South Junction Ore Reserve of 2.6Mt @ 2.7g/t Au for 225koz. Updated Bluebird – South Junction Mineral Resource exceeds Interim Mineral Resource announced in March 2024 by a further 130koz post depletion of 14koz ■ 61% increase in Indicated Resources. ■ Ore Reserve underwritten by updated Mineral Resource Estimate (MRE) of 11Mt @ 2.8g/t Au for 960koz featuring a Measured and Indicated component of 4.7Mt @ 3.1g/t Au for 465koz Au. Further Resource conversion targeted with substantial drilling program ongoing ■ 2 x surface rigs and 2 x underground drill rigs continue to extend and infill the Bluebird – South Junction Mineral Resource. ■ South Junction remains open at depth and to the south along strike/down plunge. Production from South Junction to commence in August ■ The significant width of the South Junction orebody enables a highly productive primary / secondary transverse stoping method which will significantly increase production from the Bluebird – South Junction system. ■ Production rate of 1.2Mtpa – from Bluebird-South Junction targeted from Q3 FY25. Westgold Resources Limited ABN 60 009 260 306 ASX:WGX / TSX:WGX / OTC:WGXRF westgold.com.au T: +61 8 9462 3400 E: perth.reception@westgold.com.au Level 6, 200 St Georges Terrace Perth WA 6000 PO Box 7068, Cloisters Square WA 6850 Westgold Managing Director and CEO Wayne Bramwell commented: “Westgold is rapidly building a mine of significant scale and life at Meekatharra. The maiden Ore Reserve for South Junction and the rapid expansion of the Bluebird-South Junction mining complex to a 1.2Mtpa run rate by Q3, FY25 has been a remarkable success story and underpins the value in drilling. A larger, more productive Bluebird-South Junction underground mine is a game changer for our Murchison business. It will reduce the requirement and cost of road haulage of ore from Cue (circa 140km) as the Bluebird-South Junction complex is within 2km of the nearby Bluebird mill. Westgold will continue to invest in drilling across our portfolio in FY25. With Bluebird-South Junction and Big Bell in the Murchison, buttressed by the expanding Beta Hunt in the Goldfields, we continue to build a diversified platform that can produce more consistent and sustainable long term cashflows and returns to our shareholders.” Figure 1 - Bluebird – South Junction underground complex showing footprint of current Ore Reserve Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 2 South Junction – production online in August, due to lift rates from Q3 FY25 Westgold’s pipeline of organic growth targets is extensive. South Junction at Meekatharra was identified as a priority growth opportunity following the results of initial drill testing of the project in early 20231. A significant drilling program was initiated in January 2024 aimed at extending and infilling South Junction. This program continues, with two rigs active on surface and two in the underground environment. Westgold recognised the vast scale of South Junction, prompting the undertaking of an interim MRE2 to expedite mine planning studies. Since March, drilling to increase the confidence in the Inferred portion of the MRE has progressed in parallel with mine planning studies. The results of this drilling have enabled Westgold to undertake an update to the MRE that has seen the substantial conversion of Inferred material to Indicated (See Table 1 and Figure 2). This update includes 14koz of depletion from three months of production on the Bluebird side of the mine. Interim March 2024 MRE Grade Tonnes (g/t Au) Ounces Tonnes Measured 302,000 4.4 43,000 304,000 4.1 40,000 Indicated 2,872,000 2.9 264,000 4,368,000 3.0 425,000 Inferred 5,844,000 2.8 520,000 6,032,000 2.6 495,000 Total 9,017,000 2.9 827,000 10,705,000 2.8 960,000 Classification August 2024 MRE Grade (g/t Au) Ounces Table 1 – Bluebird - South Junction MRE August 2024 (reported above 1.5g/t Au).3 Figure 2 – Substantial growth and improvement in MRE quality between Interim and August 2024 1 Refer ASX Release titled “Bluebird Expansion and Drilling Update - 11 January 2023” 2 Refer ASX Release entitled “Bluebird-South Junction Increases to 6.4Mt at 3.1 g/t Au- 16 April 2023” 3 Interim March 2024 MRE as at 31 March 2024 and August 2024 MRE as at 30 June 2024 Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 3 Subsequent mine planning and commercial evaluation works have resulted in an updated Ore Reserve being declared for the Bluebird – South Junction mine (Table 2). The contribution to this overall Ore Reserve from the Maiden South Junction Ore Reserve subset is presented in Table 3. Classification Proven Probable Total Tonnes 76,600 Grade (g/t Au) 3.9 Ounces 9,400 2,966,500 2.8 268,000 3,041,000 2.8 277,000 Table 2 – Bluebird - South Junction Ore Reserve August 2024 Classification Proven Probable Total Tonnes 26,300 Grade (g/t Au) 3.1 Ounces 2,600 2,612,000 2.7 223,000 2,638,000 2.7 226,000 Table 3 –South Junction Maiden Ore Reserve August 2024 In the South Junction area, this Ore Reserve will be exploited via a change in mining method from the centre-access retreat Longhole Open Stoping currently employed in the Bluebird area of the mine, to a highly productive primary / secondary transverse stoping method with fill. This change in method will enable the production rates of Bluebird – South Junction to increase to more than triple from the current rate of +30kt per month (refer ASX – Westgold March 2024 Quarterly Report) to rates of 100kt per month from Q3 FY25. Figure 3 – Visible gold in recent South Junction drilling Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 4 Mining in South Junction is scheduled to commence in August. Production rates at South Junction will rapidly increase over the coming months. This ramp up is a function of the increased scale of the South Junction lodes (as compared to the Bluebird lodes) which accommodates a more productive mine layout and extraction sequence. (see Figure 4 which depicts the vast difference in scale compared a typical Bluebird stope) Figure 4 – South Junction schematic mine layout showing the scale of a typical South Junction stoping panel as compared to a typical stoping panel of the current Bluebird mine (Refer Appendix B for detailed drill results) Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 5 Looking Forward Westgold’s corporate strategy is to continue to simplify our business by making our biggest mines bigger and focusing on grade. The expansion of the Bluebird underground to include new mining fronts from South Junction is consistent with this plan. Drilling activities continue to expand the Bluebird – South Junction system and increase Mineral Resource confidence. This continued drilling will ultimately underwrite future updates to the MRE and Ore Reserve. The orebody remains open at depth and to the south along strike/down plunge, as can be seen in Figure 1. Necessary capital projects to enable the larger mine to function effectively are progressively being scoped and delivered, with power, ventilation and backfill solutions well defined. Westgold looks forward to providing updates on its progress at Bluebird – South Junction over the coming months. Figure 5 – Long Hole rig drilling the first South Junction stope This announcement is authorised for release to the ASX by the Board. Investor and media relations enquiries Investor Relations Kasun Liyanaarachchi | Investor Relations Manager investor.relations@westgold.com.au +61 458 564 483 Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 Media Peter Knight | Communications Manager peter.knight@westgold.com.au +61 459 980 481 6 Competent/Qualified Person Statements Exploration Results and Mineral Resource Estimates The information in this release that relates to Exploration results and Mineral Resource Estimates is compiled by Westgold technical employees and contractors under the supervision of Mr. Jake Russell B.Sc. (Hons), who is a member of the Australian Institute of Geoscientists and who has verified, reviewed and approved such information. Mr Russell is a full-time employee of the Company and has sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activities which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”) and as a Qualified Person as defined in the CIM Guidelines and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Russell is an employee of the Company and, accordingly, is not independent for purposes of NI 43-101. Mr Russell consents to and approves the inclusion in this release of the matters based on his information in the form and context in which it appears. Mr Russell is eligible to participate in short- and long-term incentive plans of the company. The updated MRE has an effective date of 30 June 2024 and was completed by Westgold technical employees and contractors under the supervision of Mr Jake Russell. The key inputs and assumptions are provided in Appendix C to this release including Section 1 – Sampling Techniques and Data, Section 2 – Reporting of Exploration Results, Section 3 – Estimation and Reporting of Mineral Resources and Section 4 – Estimation and Reporting of Ore Reserves. Ore Reserves The information in this release that relates to Ore Reserve is based on information compiled by Mr. Leigh Devlin B.Eng. FAusIMM, who has verified, reviewed and approved such information. Mr. Devlin has sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activities which they are undertaking to qualify as a Competent Person as defined in the JORC Code and as a Qualified Person as defined in the CIM Guidelines and NI 43-101. Mr. Devlin is an employee of the Company and, accordingly, is not independent for purposes of NI 43-101. Mr. Devlin consents to and approves the inclusion in this release of the matters based on his information in the form and context in which it appears. Mr. Devlin is a full-time senior executive of the Company and is eligible to and may participate in short-term and long-term incentive plans of the Company as disclosed in its annual reports and disclosure documents. General Mineral Resources, Ore Reserve Estimates and Exploration Targets and Results are calculated in accordance with the JORC Code. The other technical and scientific information in this release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and has been reviewed on behalf of the company by Qualified Persons, as set forth above. This release contains references to estimates of Mineral Resources and Ore Reserves. The estimation of Mineral Resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral Resources that are not Ore Reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral Resource estimates may require reestimation based on, among other things: (i) fluctuations in the price of gold; (ii) results of drilling; (iii) Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 7 results of metallurgical testing, process and other studies; (iv) changes to proposed mine plans; (v) the evaluation of mine plans subsequent to the date of any estimates; and (vi) the possible failure to receive required permits, approvals and licenses. The NI 43-101 technical report supporting the Maiden Ore Reserve contained in this release will be filed on SEDAR+ within the next 45 days of the date of this release. Reference should be made to the full text of the technical report for the assumptions, qualifications and limitations relating thereto. Forward looking statements These materials prepared by Westgold Resources Limited include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “believe”, “forecast”, “predict”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. In addition, the Company’s actual results could differ materially from those anticipated in these forward looking statements as a result of the factors outlined in the “Risk Factors” section of the Company’s continuous disclosure filings available on SEDAR+ or the ASX, including, in the Company’s current annual report, half year report or most recent management discussion and analysis. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances. Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 8 Appendix A History of South Junction Mineralisation was discovered at South Junction in mid-1989 by St Barbara Mining. South Junction was subsequently mined as an open pit from June 1990 through to the early 2000’s. Total gold production for the open pit phase of operation at South Junction was in excess of 400,000 ounces. However, since open pit mining concluded activity at South Junction has effectively been dormant. To the immediate north of South Junction, the Bluebird deposit has been mined at various stages. This mining was dominated by small scale underground mining operations and open pits until the turn of the century after which St Barbara, Mercator Gold and Reed Resources mined 485,000 ounces between 2000 – 2013 via substantial open pit operations. Figure 6 – Yaloginda gold camp is absent deep drilling outside of Bluebird – South Junction In late 2019, Westgold commenced underground operations at Bluebird which subsequently produced over 137koz of gold. This brings the total recorded Bluebird production to 784koz and the combined Bluebird – South Junction production to 1.18Moz. Combining this with the Mineral Resource remaining, Bluebird – South Junction can be considered a +2Moz system. South Junction hosts numerous mineralised zones broadly located on sub-parallel northnortheast-trending structures. These zones from west to east are: Edin Hope, South Junction, Polar Star and Archenar. These zones are offset from the East, Central and Western lodes at Bluebird, with the interaction between the two poorly understood due to a lack of drilling. Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 9 Murchison Overview Westgold’s Murchison Operations incorporates four underground mines, three processing plants and the Great Fingall development project near Cue. Westgold’s Bluebird processing hub is the largest of our three Murchison processing hubs and is located approximately 15km southwest of Meekatharra (see Figure 7). The Bluebird underground mine is the primary ore source feeding the 1.4-1.8Mtpa Bluebird processing plant. Surface stockpiles and supplementary ore from Cue is trucked to Bluebird to maintain processing throughputs, with these volumes reducing as the Bluebird-South Junction mine expands. Figure 7 – Westgold’s Murchison Asset Map Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 10 APPENDIX B – Drill Results Included In This Release4 Hole 24BLDD064 24BLDD066 Azi 7,043,673 -47 101 -53 113 7,043,673 641,491 641,491 100 100 3.07m at 2.30g/t Au 15 1m at 6.37g/t Au 41 31.37m at 5.55g/t Au 122 15.5m at 4.62g/t Au 158 4.6m at 3.79g/t Au 21 22.8m at 1.25g/t Au 173 15.82m at 3.09g/t Au 210 18.9m at 3.65g/t Au 293 24BLDD095 7,043,757 641,489 96 9.25m at 3.79g/t Au 122 -22 67 24SJDD001 7043454 641917 468 10.45m at 3.80g/t Au 788 -79 302 3.98m at 10.80g/t Au 894.49 3.75m at 3.01g/t Au 560 -48 292 9.45m at 2.54g/t Au 573.85 3.29m at 3.28g/t Au 588.53 12.70m at 8.57g/t Au 415.58 -53 296 8.03m at 1.58g/t Au 543.44 -52 296 -59 293 -59 284 -65 294 24SJDD004 24SJDD010 24SJDD012 24SJDD015 24SJDD019_W1 24SJDD021_W2 4 Collar N Collar E Collar RL Intercept (Downhole) From (m) Dip 7043417 7043417 7043411 7043411 7043410 7043405 641924 641925 641923 641923 641925 641939 468 467 467 467 4.00m at 3.81g/t Au 637 2.00m at 6.72g/t Au 418 7.90m at 5.20g/t Au 592.5 6.80m at 3.87g/t Au 600.9 3.68m at 4.55g/t Au 619.87 3.00m at 4.54g/t Au 482 3.00m at 12.91g/t Au 531.7 8.10m at 4.31g/t Au 656 2.21m at 17.30g/t Au 696.79 6.27m at 3.76g/t Au 641.42 2.62m at 4.26g/t Au 648.53 5.79m at 2.39g/t Au 541.71 4.70m at 4.58g/t Au 550.3 20.94m at 6.74g/t Au 681.86 INC 4.68m at 16.48g/t Au 687 467 467 Refer to Westgold’s Q2 FY24, Q3 FY24 and Q4 FY24 Quarterly Reports on ASX for full South Junction drill results Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 11 APPENDIX C – JORC 2012 TABLE 1 – GOLD DIVISION SECTION 1: SAMPLING TECHNIQUES AND DATA (Criteria in this section apply to all succeeding sections.) Criteria Sampling techniques JORC Code Explanation Commentary • • Diamond Drilling A significant portion of the data used in resource calculations has been gathered from diamond core. Multiple sizes have been used historically. This core is geologically logged and subsequently halved for sampling. Grade control holes may be whole-cored to streamline the core handling process if required. • • • • • Drilling techniques • • Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.). Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Drill sample recovery • Face Sampling At each of the major past and current underground producers, each development face / round is horizontally chip sampled. The sampling intervals are domained by geological constraints (e.g. rock type, veining and alteration / sulphidation etc.). The majority of exposures within the orebody are sampled. • Sludge Drilling Sludge drilling at is performed with an underground production drill rig. It is an open hole drilling method using water as the flushing medium, with a 64mm (nominal) hole diameter. Sample intervals are ostensibly the length of the drill steel. Holes are drilled at sufficient angles to allow flushing of the hole with water following each interval to prevent contamination. Sludge drilling is not used to inform resource models. • RC Drilling Drill cuttings are extracted from the RC return via cyclone. The underflow from each interval is transferred via bucket to a four-tiered riffle splitter, delivering approximately three kilograms of the recovered material into calico bags for analysis. The residual material is retained on the ground near the hole. Composite samples are obtained from the residue material for initial analysis, with the split samples remaining with the individual residual piles until required for re-split analysis or eventual disposal. • RAB / Aircore Drilling Combined scoops from bucket dumps from cyclone for composite. Split samples taken from individual bucket dumps via scoop. RAB holes are not included in the resource estimate. • Blast Hole Drilling Cuttings sampled via splitter tray per individual drill rod. Blast holes not included in the resource estimate. All geology input is logged and validated by the relevant area geologists, incorporated into this is assessment of sample recovery. No defined relationship exists between sample recovery and grade. Nor has sample bias due to preferential loss or gain of fine or coarse material been noted. Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 12 Criteria Logging JORC Code Explanation Commentary • • • • Sub-sampling techniques and sample preparation • • • • • • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. The total length and percentage of the relevant intersections logged If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. • • • • • • • • • • • • • • • • Quality of assay data and laboratory tests • • • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. Westgold Declares Maiden South Junction Ore Reserve 14 August 2024 • • • Westgold surface drill-holes are all orientated and have been logged in detail for geology, veining, alteration, mineralisation and orientated structure. Westgold underground drillholes are logged in detail for geology, veining, alteration, mineralisation and structure. Core has been logged in enough detail to allow for the relevant mineral resource estimation techniques to be employed. Surface core is photographed both wet and dry and underground core is photographed wet. All photos are stored on the Company’s servers, with the photographs from each hole contained within separate folders. Development faces are mapped geologically. RC, RAB and Aircore chips are geologically logged. Sludge drilling is logged for lithology, mineralisation and vein percentage. Logging is quantitative in nature. All holes are logged completely, all faces are mapped completely. Blast holes -Sampled via splitter tray per individual drill rods. RAB / AC chips - Combined scoops from bucket dumps from cyclone for composite. Split samples taken from individual bucket dumps via scoop. RC - Three tier riffle splitter (approximately 5kg sample). Samples generally dry. Face Chips - Nominally chipped horizontally across the face from left to right, sub-set via geological features as appropriate. Diamond Drilling - Half-core niche samples, sub-set via geological features as appropriate. Grade control holes may be whole-cored to streamline the core handling process if required. Chips / core chips undergo total preparation. Samples undergo fine pulverisation of the entire sample by an LM5 type mill to achieve a 75µ product prior to splitting. QA/QC is currently ensured during the sub-sampling stages process via the use of the systems of an independent NATA / ISO accredited laboratory contractor. A significant portion of the historical informing data has been processed by in-house laboratories. The sample size is considered appropriate for the grain size of the material being sampled. The un-sampled half of diamond core is retained for check sampling if required. For RC chips regular field duplicates are collected and analysed for significant variance to primary results. Recent drilling was analysed by fire assay as outlined below; o A 40g – 50g sample undergoes fire assay lead collection followed by flame atomic adsorption spectrometry. o The laboratory includes a minimum of 1 project standard with every 22 samples analysed. o Quality control is ensured via the use of standards, blanks and duplicates. No significant QA/QC issues have arisen in recent drilling results. Photon Assay was introduced in 2023 for Beta Hunt grade control samples. PhotonAssay™ technology (Chrysos Corporation Limited) is a rapid, non-destructive analysis of gold and other elements in mineral samples. It is based on the principle of gamma activation, which uses high energy x-rays to excite changes to the nuclear structure of selected elements. The decay is then measured to give a gold analysis. Each sample is run through two cycles with a radiation time of 15s. This methodology is insensitive to material type and thus does not require fluxing chemicals as in the fire assay methodology. Highlights of the PhotonAssay™ process are as follows: o The process is non-destructive; the same sample accuracy can be determined by repeat measurements of th