Resource Expansion

Heliostar Metals’ updated technical report (October 17, 2025) reveals improved economics and resource expansion at the La Colorada Mine. At $2,300/oz gold, the after-tax NPV5% is $66.2M, IRR is 24.4%, with a 3.4-year payback. Initial capital expenditure is reduced by 17% to $44.5M. Indicated resources increased by 62,000 ounces to 513,000 ounces. Permits for leach pad expansion have been secured. The mine has a 6.1-year life with average AISC of $1,626/oz.

Omai Gold Mines reported promising drill results from its 2025 resource expansion program at the Wenot deposit in Guyana. Highlights include 17.36 g/t Au over 7.5 meters, 2.64 g/t Au over 41.8 meters, and 3.49 g/t Au over 17.4 meters. The company has exceeded its initial drilling target, completing 20,500 meters across 37 holes. Drilling continues to extend gold mineralization, with results pending for 8 more holes. An updated Mineral Resource Estimate and Preliminary Economic Assessment are expected soon.