MT MALCOLM IDENTIFIES HIGH-GRADE GOLD IN STOCKPILES

Evaluation confirms economic potential at Golden Crown

Mt Malcolm Mines NL (ASX: M2M) has reported promising results from its preliminary evaluation of stockpiles at the Golden Crown Bulk sampling program. The findings highlight significant gold grades, reinforcing the economic potential of the site.

Highlights:

• 2,400 WMT of stockpiled mineralised material with an average grade of 3 g/t Au.
• 48 grab samples collected from five stockpiles for grade assessment.
• Best grab sample returned 42.74 g/t Au, confirming high-grade mineralisation.
• The Golden Crown stockpile consists of unprocessed mineralised material from recent bulk sampling.
• Stockpile material presents a near-term cash flow opportunity.
• 980 WMT of mineralised tailings are undergoing grade determination, with economic grades anticipated.

Managing Director Trevor Dixon commented:

The stockpile sampling results have reinforced confidence in the high-grade mineralisation at Golden Crown. The estimated average grade of 3 g/t Au for the current stockpiles aligns with expectations and supports the objectives of the bulk sampling program.

These encouraging results collectively highlight the potential to expand the known mineralised zones and advance the prospect towards commercial-scale production.

Read the full announcement.