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Challenger RC Resource Upgrade Drilling Complete

Targeting Initial ‘Stage 1′ DFS & Ore Reserves conversion by H2 CY 2026HIGHLIGHTS8,065m reverse circulation (RC) drilling completed at Challenger ‘Main’, ‘Challenger West’ (CW) open pits, plus open pit targets at ‘Challenger South-Southwest’ (CSSW) and ‘Challenger 3’~1,490m diamond drilling (DD) program is ongoing for pit design and metallurgical optimisationDFS objective to model a viable, simplified ‘baseline’ Stage 1 operation to underwrite restart of CGM and maximise Challenger, Tarcoola, Wudinna & Tolmer development optionalityDFS underway following dual Challenger JORC (2012) Mineral Resources upgrades to 313koz Au; targeting JORC (2012) Ore Reserves and completion of a ‘Stage 1′ DFS by H2 CY 2026

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