Another quarter, another step closer to development at Mandilla!

We just lodged our June Quarter report headlined by an updated Mandilla MRE of 54Mt at 1.0g/t Au for 1.74Moz.

It’s the product of a huge drilling effort. The team completed just under 20,000 metres this quarter alone, most of it in-fill drilling designed to convert Theia into a Measured Resource ahead of our Definitive Feasibility Study.

We’re also excited about our Theia deeps diamond program - it’s now pushed 210 vertical metres below the current resource and is still hitting gold. Hole AMRCD263 returned a total intersection of 358m at 1.03g/t Au, well outside the existing 1.4Moz Theia model. There’s clearly a lot more to this deposit than what’s currently defined, and we’ll keep chasing it.

Elsewhere, our early mining opportunity at Think Big continues to progress with our JV partner Mineral Mining Services as we work through commercial terms, targeting first cash flow in the June 2027 quarter. And with $65M in the bank, we’re well funded to carry the Mandilla DFS through to its targeted completion in Q1 2027.

We also picked up the Mandilla Homestead this quarter, a small but strategically important land parcel that simplifies our approvals pathway as we push toward a Final Investment Decision.

Two rigs remain on site, and there’s plenty more news to come.