Hammond Reef

• A high tonnage, low grade gold deposit located in the Thunder Bay Mining District of Northwestern Ontario, with potential for development into an open pit operation with conventional milling that could produce approximately 272,000 oz. of gold per year.
  
• At December 31, 2024, open pit probable mineral reserves were estimated to be 3.3 million oz. of gold (123.5 million tonnes grading 0.84 g/t gold), measured mineral resources were estimated to be 819,000 oz. of gold (47.1 million tonnes grading 0.54 g/t gold) and indicated mineral resources were estimated to be 1.5 million oz. of gold (86.3 million tonnes grading 0.53 g/t gold).
• The project has received environmental approval from both federal and provincial governments. Additional federal and provincial permits would be required to begin construction activities.
• While the Company has not approved the project for development, studies continue to optimize the project and further advance the final permits required for construction and operation.

For more information on our exploration projects and activities, see the Company’s recent news.