Announcement PDF 2025 ANNUAL REPORT 1 Contents Chairman’s Letter .................................................................................................................... 3 Review of Operations .............................................................................................................. 4 Directors' Report……………………………………………………………………………………...25 Corporate Governance Statement ......................................................................................... 38 Directors' declaration ............................................................................................................. 39 Auditor’s Independence Declaration ...................................................................................... 40 Independent Auditor’s Report ................................................................................................ 41 Consolidated Statement of Profit or Loss and Other Comprehensive Income ....................... 45 Consolidated Statement of Financial Position ....................................................................... 46 Consolidated Statement of Changes in Equity ...................................................................... 47 Consolidated Statement of Cash Flows ................................................................................. 48 Notes to the consolidated financial statements...................................................................... 49 Consolidated Entity Disclosure Statement ............................................................................. 76 Additional ASX Shareholder Information ............................................................................... 77 Corporate Directory ............................................................................................................... 84 2025 ANNUAL REPORT 2 Chairman’s Letter Dear Shareholder, It has been an amazing year for those holding gold with the price increasing by around 40% over the period. It is quickly reshaping the industry with previously marginal deposits becoming valuable assets. Horizon Gold Limited, with its advanced Gum Creek Gold Project, is well positioned to capture the benefits of this new environment. We have commenced a Feasibility Study for the Gum Creek Gold Project and work is on track for completion in the first half of 2026. The Feasibility Study includes only the key free milling gold resources within the Project. However this is just part of the story. The Company has many other previously identified open pit deposits and advanced exploration targets on its tenure and has started planned drill programs on these to expand the Project’s 2.1 million ounce resource base. In addition deep diamond drilling at the Kingfisher and Omega prospects aims to advance the underground mining potential and perhaps identify further blue sky prospects. The Board believes that Gum Creek Gold Project represents a compelling development opportunity, and with gold at record prices we are confident that our focus on the development of our large gold resource will add significant value for shareholders. In order to achieve this a number of changes at a corporate level are also being advanced to increase our development and operational capacity. During the year the Company profitably sold its entire investment in Alto Metals Limited realising $5 million in proceeds and recently completed a $12 million capital raise through a Placement and Entitlement Offer. These initiatives have placed the company in a strong financial position to complete the Gum Creek Feasibility Study and undertake the planned exploration drilling. On behalf of the Board, I would like to thank our existing and new shareholders for their support as we look forward to sharing our exciting development progress during the year ahead. Yours sincerely Peter Sullivan Executive Chairman 2025 ANNUAL REPORT 3 Review of Operations Horizon Gold Limited (ASX:HRN) (Horizon or the Company) has continued to progress its exploration and development activities at the 100%-owned Gum Creek Gold Project (Gum Creek or the Project) located in a world class gold province within the Yilgarn Craton in Western Australia. Gum Creek has historically produced more than 1 million ounces of gold and hosts a current gold resource of 2.14 million ounces. The Project covers more than 500km2 of contiguous tenure over the Gum Creek greenstone belt located within a well-endowed gold region that hosts multimillion-ounce resources at Mt Magnet, Meekatharra, Wiluna, Bellevue and now at Gum Creek (Figure 1). The Project, which contains 37 open pit and three underground gold mines, not only represents a significant development opportunity, but also offers significant brownfields and greenfields exploration upside along its 80 kilometres of prospective and continuous strike. All the existing resources and most of the potential resource areas are located on granted Mining Leases. The March 2024 Gum Creek Scoping Study showed that near surface open pittable gold resources at the Project will deliver compelling financial outcomes when processed at 2.4Mtpa through a new plant located at the old Gidgee Mill site. This work is being advanced through the Gum Creek Feasibility Study which is on schedule for completion H1 CY 2026. Economic study outcomes are enhanced by the significant infrastructure already in place, including a 110-man camp, an operating airstrip, extensive haul road network, existing waste rock dumps and large tailings storage facility. Figure 1: Gum Creek Gold Project showing surrounding mines and gold deposits over simplified geology. 2025 ANNUAL REPORT 4 Project History Gold was first discovered in the area at Jonesville (now part of the Swan deposit) in 1926, with the first recorded gold production in 1931. More modern mining operations commenced in the 1980’s and ceased in 2005 when the gold price was approximately A$560/oz. To that time, more than one million ounces of gold was produced from approximately forty open pits and three underground mines, with the main gold-producing areas being Swan-Swift, Kingfisher and Omega. Unlocking Value at the Gum Creek Gold Project The Gum Creek Gold Project JORC (2012) Mineral Resource Estimate (MRE) is currently 44.45Mt @ 1.50g/t Au for 2.14Moz (Figure 2, Table 1) with 63% of the MRE gold ounces in the indicated resource category. The MRE includes a free milling gold resource of 32.97Mt @ 1.22g/t Au for 1.30Moz. representing 61% of the total MRE ounces. During the reporting period the Company commenced a Feasibility Study (Study) encompassing the recommencement of gold production from near surface, free milling, open pittable gold resources at the Gum Creek Gold Project. The Study is well advanced and remains on schedule for completion H1 CY 2026, with geotechnical studies and metallurgical test work complete, and environmental and heritage surveys, plant and mine design work, and water management studies progressing well. Water bore drilling and pump tests have also been completed in advance of producing a site-wide water balance model. Fifteen geotechnical diamond holes (1,932m) were drilled at fifteen prospects during the year, providing important lithostructural and geotechnical information to aid in the design of open pits and produce waste rock and tailings characterisation samples for the Study. A total of 181 Reverse Circulation (RC) holes (13,183m) were drilled to infill and test the extensions to known gold mineralisation at high priority resource targets. The program confirmed historic drill results and further increased the resource confidence levels within each of the resource models across 18 prospects. In addition, downhole televiewer work was completed at 12 prospects, supplementing the structural and geotechnical information obtained from diamond core logging and helping determine the most appropriate wall angles for pit optimisation and pit design work in the Study. The Project has significant upside including excellent potential to increase the current 10-year Gum Creek Scoping Study mine life through resource expansion drilling and underground mining studies. Economic evaluations on the Swan/Swift, Kingfisher, Omega and Wilsons underground deposits are yet to be completed, whilst additional drilling at 12 open pittable resource areas not included in the 2024 Scoping Study will likely elevate these areas to an economically viable status, further improving the financial outcomes of the Gum Creek Gold Project. 2025 ANNUAL REPORT 5 Figure 2: Gum Creek Gold Project current mineral resources, exploration targets and feasibility study focus areas over regional geology. 2025 ANNUAL REPORT 6 Swan/Swift/Shrike Prospects The Swan/Swift Mineral Resource which includes the Shrike Prospect, is located ~1.0km east of the historic Gidgee mill (Figure 2). The current Swan/Swift open cut MRE is 12.7Mt @ 1.06g/t Au for 434,100oz (Table 1). Geological and geotechnical logging was completed on the Swift diamond hole (SWDD001), and downhole televiewer surveying was undertaken for geotechnical purposes in one Swift and four Swan RC holes. Assay results from the 19 RC holes drilled at Swan (1,444m), 4 RC holes drilled at Shrike (231m) and one RC hole completed at Swift (131m) have confirmed and extended previously identified shallow gold mineralisation. Numerous significant >20 gram x metre intercepts were returned and are shown in Figure 3. Wireframing of the Swan, Swift and Shrike gold mineralisation has been completed in preparation for updated MRE’s. Figure 3: Swan/Swift drill hole plan showing $2900/oz optimised pit shell outline, recent drill collars (red) and recent gold intercepts >20 GxM (labelled) over satellite image. Howards Prospect The Howards Prospect is located ~27km southeast of the historic Gidgee mill (Figure 2). The current MRE for Howards is 10.2Mt @ 0.81g/t Au for 266,900oz (Table 1). Geological and geotechnical logging was completed on the Howards diamond hole (HWDD0011), and downhole televiewer surveying was undertaken for geotechnical purposes on five RC holes. Assay results from 30 RC holes (2,463m) and one geotechnical diamond hole (185m) completed at the Howards Prospect confirmed the broad widths and grade of historic intercepts within northern and central lodes further increasing resource confidence levels at the prospect. Numerous >25 gram x metre 2025 ANNUAL REPORT 7 gold intercepts were returned from the drill program and are shown in Figure 4. Whilst additional drilling to test extensions to gold mineralisation at Howards is warranted, an MRE update will be completed for Study purposes prior to further drilling. Wireframing of the Howards gold mineralisation has been completed in preparation for an updated MRE. Figure 4: Howards Prospect drill hole location plan showing $2900/oz optimised pit shells outlined, recent drill hole traces (black) and recent gold intercepts >25 GxM (labelled) over interpreted geology. Eagle Prospect The Eagle Prospect is located 1.2km southeast of the historic Gidgee mill (Figure 2). The current MRE for Eagle is 1.16Mt @ 1.85g/t Au for 68,800oz (Table 1). Geological and geotechnical core logging was completed on the Eagle diamond hole and the collection and interpretation of televiewer surveys undertaken within three RC holes. Assay results from the diamond hole (179m) and 14 RC holes (1,212m) confirmed and extended previously identified shallow gold mineralisation along strike to the north and south of the Eagle pit. Numerous significant intercepts were returned and are shown in Figure 5. Mineralisation remains open along strike to the north and south where further drilling is required. Wireframing of the Eagle gold mineralisation has been in preparation for an updated MRE. 2025 ANNUAL REPORT 8 Figure 5: Eagle drill hole plan showing $2900/oz optimised pit shell outline, recent drill holes (black) and recent gold intercepts >10 grams x metres over satellite image. Wedge Prospect The Wedge Prospect is located 2km northeast of the historic Gidgee Mill (Figure 2) and hosts a current MRE of 487Kt @ 1.52g/t Au for 23,800 oz. (Table 1). Geological and geotechnical core logging was completed on the Wedge diamond hole and the collection and interpretation of televiewer surveys undertaken on 2 Wedge RC holes. Assay results from 5 RC holes (882m) and 1 diamond hole (169.9m) have confirmed the continuation of the shallow south plunging high grade gold shoot that extends from the base of the Wedge open cut pit. Significant gold intercepts returned from the program are shown in Figure 6. The program has extended the southern gold shoot further to the south where it remains open at depth. Further drilling is planned down plunge to the south, however an MRE update will be completed for Study purposes prior to further drilling. 2025 ANNUAL REPORT 9 Figure 6: Wedge Prospect drill hole collars coloured by max. downhole gold, all recent gold intercepts >2.5 GxM labelled, and gold mineralisation projected to surface over satellite image. Hyperno-Reliance and South Reliance Prospects The Hyperno-Reliance and South Reliance prospects are located 17km south-southeast of the historic Gidgee mill (Figure 2). The current MRE for Hyperno-Reliance is 0.45Mt @ 1.31g/t Au for 18,800oz. and the current MRE for South Reliance / Deep South is 0.22Mt @ 1.62g/t Au for 11,700oz (Table 1). Geological and geotechnical core logging and downhole televiewer surveying and interpretation for geotechnical purposes was completed on three Hyperno and two Reliance RC holes. Assay results from 2 HQ geotechnical diamond holes (155m) and 45 RC holes (2,461m) confirmed the average width and grades of shallow gold mineralisation identified in historic drilling at the Hyperno, Reliance and South Reliance prospects. Numerous significant intercepts were returned and are shown in Figure 7. Gold mineralisation remains open at depth and along strike to the north and south at all 3 prospects and further drilling is warranted. Wireframing of the Hyperno, Reliance and South Reliance gold mineralisation has been completed in preparation for an updated MRE. 2025 ANNUAL REPORT 10 Figure 7: Hyperno-Reliance-South Reliance drill hole collar plan coloured by max. downhole gold, $2900/oz optimised pit shell outline, and 2025 drilling intercepts >10 grams x metres over interpreted geology. Hawk Prospect The Hawk Prospect is located 5km south-southeast of the historic Gidgee mill (Figure 2) and was previously mined by open cut methods. The current MRE for Hawk is 0.85Mt @ 1.26g/t Au for 34,400oz (Table 1). The Company drilled seven RC holes for 752m and one geotechnical diamond hole for 156.1m at the prospect. Geological and geotechnical logging was completed on one HQ geotechnical diamond hole (156.1m) and downhole televiewer surveying was undertaken for geotechnical purposes in one RC hole. Gold assays supported the width and average grades of the previous drilling with significant intercepts shown in Figure 8. 2025 ANNUAL REPORT 11 Figure 8: Hawk Prospect drill hole location plan showing $2900/oz optimised pit shells outlined, recent drill hole traces (black) and recent gold intercepts (labelled) over satellite image. Additional drilling is required down dip, down plunge and along strike to the north and south at Hawk, however an MRE update will be completed for Study purposes prior to further drilling. Wireframing of the Hawk gold mineralisation has been completed in preparation for the updated MRE. Melbourne Bitter Prospect The Melbourne Bitter Prospect is located 26km north of the Gidgee Mill. The prospect has not been previously mined and the current MRE for the deposit is 0.36Mt @ 1.44g/t Au for 16,800oz (Table 1). Recent drilling at Melbourne Bitter included five RC holes for 428m and one HQ geotechnical diamond hole for 130.7m. Geological and geotechnical core logging was completed on the diamond hole, providing important structural information which has been used to interpret complex mineralised trends at the prospect. Assay results expanded previous shallow gold mineralisation identified in wider spaced historic RC drilling and returned several significant gold intercepts shown in Figure 9. 2025 ANNUAL REPORT 12 The drill program has further defined and extended the known gold mineralisation to the south where it remains open at depth and along strike. Further drilling is warranted along strike to the south, however an MRE update will be completed prior to further drilling. Figure 9: Melbourne Bitter Prospect drill hole collars coloured by max. downhole gold, all recent gold intercepts >10 GxM labelled, and gold mineralisation projected to surface over satellite image. Toedter Prospect The Toedter Prospect is located 48km north-northwest of the Gidgee Mill (Figure 2) and hosts a current MRE of 0.69Mt @ 1.54g/t Au for 34,000oz (Table 1). The Company completed twelve RC holes for 873m and one geotechnical diamond hole for 150.5m at the prospect. Geological and geotechnical core logging was completed on 1 HQ geotechnical diamond hole (150.5m) and downhole televiewer surveying was undertaken for geotechnical purposes in three RC holes. Assay results from the drilling have defined the up-dip extent of mineralisation along the western margin of the deposit (Figure 10) with two significant intercepts shown. Mineralisation remains open along strike, down dip and down plunge with further drilling warranted down plunge to the south, however an MRE update will be completed prior to further drilling. 2025 ANNUAL REPORT 13 Figure 10: Toedter Prospect drill hole collars coloured by max. downhole gold, all recent significant gold intercepts, and gold mineralisation projected to surface over satellite image. Summary of Drilling Results from Additional Prospects The Snook Prospect is located 15 kilometres north of the Gidgee Mill and hosts a current MRE of 0.92Mt @ 1.82g/t Au for 54,000oz (Table 1). Geological and geotechnical core logging was completed on 1 HQ geotechnical diamond hole (169.8m), and assay results returned a best result of 3m @ 5.21g/t Au from 53m (SKDD001) (Figure 11). No further drilling is planned at this stage. 2025 ANNUAL REPORT 14 Figure 11: Snook Prospect drill hole collars coloured by max. downhole gold, gold mineralisation projected to surface, recent gold intercepts >2.5 grams x metres and historic unmined drill intercepts >40 grams x metres (labelled) over satellite image. The Eagles Peak South Prospect is located 15 kilometres north of the Gidgee Mill. Drilling results from 6 RC holes (452m) downgraded the prospectivity of the area, returning only one significant intercept of 5m @ 4.13g/t Au from 44m including 1m @ 18.05g/t Au from 46m (ESRC004) (Figure 12). Mineralisation remains open along strike, however at this stage no further drilling is planned. 2025 ANNUAL REPORT 15 Figure 12: Eagles Peak South Prospect drill hole collars, recent gold intercepts >1 gram x metres and historic drill intercepts >12 grams x meters(labelled) and gold mineralisation projected to surface over satellite image. The Think Big and Manikato prospects are located 20 kilometres south-southeast of the Gidgee Mill and form part of the Wyooda group of deposits which contain a current MRE of 1.29Mt @ 1.56g/t Au for 64,800oz (Table 1). Geological and geotechnical core logging was completed on 1 HQ geotechnical diamond hole (70.0m) at Think Big, and downhole televiewer surveying was undertaken for geotechnical purposes in three RC holes. Gold assays from 12 RC holes (630m) drilled at Think Big and Manikato returned a best result of 9m @ 1.29g/t Au from 17m including 4m @ 2.07g/t Au from 21m (TBRC047) (Figure 13). Mineralisation remains open along strike and down dip with additional drilling warranted, however an MRE update will be completed prior to further drilling. 2025 ANNUAL REPORT 16 Figure 13: Wyooda Group drill hole collars coloured by max. downhole gold, all recent gold intercepts labelled, and gold mineralisation projected to surface over satellite image. The Heron South prospect is located 15km south-southeast of the Gidgee Mill and hosts a current MRE of 1.48Mt @ 1.66g/t Au for 78,900oz (Table 1). Geological and geotechnical core logging was completed on 1 HQ geotechnical diamond hole (180m) drilled through the centre of the deposit. Gold assays returned four narrow intercepts including 6m @ 1.07g/t Au from 139m (HSDD001). Mineralisation remains open at depth and along strike to the north and south, and further drilling is warranted, however an MRE update will be completed prior to any further drilling. The Specimen Well prospect is located 43.5km north-northwest of the Gidgee Mill and hosts a current MRE of 0.53Mt @ 1.50g/t Au for 25,500oz (Table 1). Geological and geotechnical core logging was completed on 1 HQ geotechnical diamond hole (125.1m) and downhole televiewer surveying was undertaken in one RC hole. Gold assays from 2 shallow RC holes (totalling 104m) and the diamond hole returned no intercepts greater than 2 gram x metres. Future drilling will be focused on high-grade gold shoots at the southern end of the deposit. 2025 ANNUAL REPORT 17 Underground Targets Kingfisher The Kingfisher prospect is located 3.5km south-southeast of the Gidgee Mill and hosts a current open cut MRE of 0.89Mt @ 1.58g/t Au for 45,100oz and an underground MRE of 1.28Mt @ 3.31g/t Au for 135,700oz (Table 1). The deposit has been mined historically by open cut and underground methods. Deep drilling has been planned to test beneath previous high grade drill intercepts including 15m @ 28.5g/t Au from 346m (KFRC020D) and 10m @ 8.9g/t Au from 190m (KFRC008D) within plunging shoots at the northern end of the deposit (Figure 14), however an MRE update will be completed prior to any further drilling. Figure 14: Kingfisher long section showing gold intercept gram x metre pierce points, historic open pit, A$2,800/oz optimised pit shell, and current block model coloured by gold (g/t). Omega The Omega prospect is located 44km north of the Gidgee Mill. The deposit has been mined historically by open cut and underground mining methods over a combined strike length of ~400m. Deep drilling has been planned to test the steeply plunging Omega gold shoot containing high-grade historic drill intercepts including 30m @ 21.1g/t Au from 57m (OUD162) and 13m @ 10.8g/t Au from 122m (OUD218) beneath the underground workings (Figure 15). The Company expects a maiden MRE for the Omega deposit to be produced subject to drilling results. 2025 ANNUAL REPORT 18 Figure 15: Omega-Psi long section showing gold intercept gram x metre pierce points, historic open pits, underground workings, significant drill intercepts, Psi A$2,800/oz optimised pit shell, and Psi current block model coloured by gold (g/t). Swan/Swift The Swan and Swift prospects host current underground MRE’s of 0.53Mt @ 6.99g/t Au for 118,500oz and 0.14Mt @ 5.72g/t Au for 25,400oz respectively (Table 1). The Swan deposit has been mined historically by underground mining methods (Figure 16), and the Company considers that with further drilling there is excellent potential for underground mining to recommence at Swan and for underground development to be extended east to the Swift deposit. 2025 ANNUAL REPORT 19 Figure 16: Swan long section showing open pits, underground workings, interpreted high-grade gold lodes, gold intercept gram x metre pierce points for significant previous drilling intercepts that remain open at depth (labelled) and all drill assays >0.2g/t Au (coloured by Au). Refractory Deposits Wilsons The Wilsons gold deposit is located 15km north-northeast of the historic Gidgee mill. The current MRE for the Wilsons deposit is 2.27Mt @ 5.4g/t Au for 391,000oz (Table 1). Gold mineralisation occurs within three steeply NW plunging shoots that extend to a vertical depth of over 500m below surface and include high grade previous drill intercepts including 9m @ 19.3g/t Au from 360m (TTDD051) and 12m @ 12.3g/t Au from 163m (TTRC189) Figure 17. An underground mining and scoping study for the prospect is planned. 2025 ANNUAL REPORT 20 Figure 17: Wilsons Deposit long section showing gold intercept gram x metre pierce points and gold contours with drill intercepts >95 Au gram x metres labelled) Shiraz Prospect The Shiraz Prospect is located 15km northeast of the Gidgee mill (Figure 2) and has previously been mined by open cut methods. The current MRE for the Shiraz deposit is 3.60Mt @ 0.68g/t Au for 78,900oz (Table 1). The Company completed seventeen RC holes for 990m and one geotechnical diamond hole for 90.2m at the prospect. Geological and geotechnical logging was completed on one geotechnical diamond hole (90.2m) and downhole televiewer surveying was undertaken for geotechnical purposes in three RC holes. Gold assays from the 17 RC holes (990m) and the diamond hole have confirmed and, in some instances, improved the width and average grades of the surrounding previous drill holes with numerous significant intercepts returned and shown in Figure 18. Whilst additional drilling is required at depth and along strike to the north and south at Shiraz, an updated MRE will be completed prior to further drilling. 2025 ANNUAL REPORT 21 Figure 18: Shiraz deposit long section showing MIK block model, gold intercept pierce points (coloured by Au grams x metres), significant 2025 drilling intercepts, and existing Shiraz open pit. Gum Creek Future Work and Growth Potential The current Feasibility Study is focussed on improving the economics of the Gum Creek Gold Project by reducing pre-production capital and pre-strip mining expenditure, reducing water management related capital and operating costs, and increasing the average grade of the Study’s production target. The Study is well advanced and on track for completion in 1H CY 2026. Geological modelling and wireframing of gold mineralisation across all recently drilled prospects is almost complete in preparation of producing an updated global Gum Creek Mineral Resource Estimate in Q4 CY 2025. The Company has planned RC drilling programs to delineate additional shallow oxide gold resources, and diamond drilling is planned at the Kingfisher and Omega prospects to test high-grade underground targets, with the objective of enhancing underground mining options and further improving the Project’s strong economics. The Company believes the Gum Creek Gold Project will be a robust, viable stand‐alone mining operation with the recent high gold prices only strengthening the 2024 Scoping Study outcomes 1 and providing a high level of confidence for the Feasibility Study. 1 Refer to Horizon Gold Limited ASX announcement titled “Compelling Gum Creek Scoping Study” dated 20 March 2024. 2025 ANNUAL REPORT 22 Gum Creek Gold Resource Estimate On 15 May 2023 the Company announced an updated Mineral Resource Estimate (MRE) for the Gum Creek Gold Project of 44.45Mt @ 1.50g/t Au for 2.14 million ounces contained gold reported in accordance with the JORC Code (2012 Edition) and based on documentation prepared by Competent Persons as defined by the JORC Code guidelines. A summary of the current MRE is detailed in Table 1 below. Table 1: Gum Creek Gold Resources as at 15 May 2023 Cut-off grade (g/t Au) Resource Date Swan/Swift OC Swan UG Swift UG Wilsons UG Howards Kingfisher OC Kingfisher UG Heron Heron South Shiraz Eagle Wyooda Snook Hawk Toedter Specimen Well Wedge Camel Bore Kearrys Psi HypernoReliance Melbourne Bitter Deep South Reliance Eagles Peak Orion Wahoo Fangio Jul-22 Jul-22 Jul-22 Jul-13 May-23 May-23 May-23 May-23 May-23 May-23 May-23 Jul-22 Jul-22 May-23 Aug-16 May-23 May-23 Jul-22 May-23 Jul-22 0.4 2.5 / 3.0* 3.0 1.0 0.4 0.6 1.5 0.6 0.8 0.4 0.8 0.8 0.8 0.6 0.5 0.8 0.6 0.8 0.6 0.8 May-23 Total Indicated Au Tonnes Gold (oz) (g/t) Tonnes 9,980,000 301,000 2,131,000 8,064,000 621,000 359,000 330,000 720,000 2,539,000 395,000 430,000 75,000 378,000 379,000 450,000 100,000 1.09 6.91 5.33 0.82 1.77 3.48 2.11 1.79 0.70 1.94 1.56 2.57 1.28 1.47 1.24 2.08 349,500 66,900 365,000 213,100 35,400 40,200 22,400 41,400 57,300 24,700 21,600 6,200 15,500 17,900 18,000 6,700 2,735,000 226,000 138,000 136,000 2,136,000 269,000 917,000 1,822,000 761,000 1,064,000 764,000 862,000 846,000 471,000 689,000 529,000 487,000 100,000 46,000 226,000 0.6 119,000 1.73 6,600 May-23 0.6 214,000 1.56 May-23 0.6 176,000 May-23 Jul-22 Jul-22 May-23 0.6 0.8 0.8 0.6 264,000 69,000 99,000 28,193,000 Inferred Au Gold (oz) (g/t) Tonnes 434,100 118,500 25,400 391,000 266,900 45,100 135,700 110,600 78,900 78,900 68,800 64,800 54,000 34,400 34,000 25,500 23,800 21,800 20,000 19,000 445,000 1.31 18,800 6,100 362,000 1.44 16,800 1.56 2,400 224,000 1.62 11,700 0.99 1.40 1.25 1.35 1,300 8,200 10,400 1,300 305,000 251,000 258,000 129,000 1.16 1.43 1.25 1.33 11,400 11,500 10,400 5,500 84,600 51,600 25,400 26,000 53,800 9,700 95,500 88,200 37,500 21,600 44,100 43,200 47,800 18,900 34,000 25,500 23,800 3,900 2,000 12,300 12,715,000 527,000 138,000 2,267,000 10,200,000 890,000 1,276,000 2,152,000 1,481,000 3,603,000 1,159,000 1,292,000 921,000 849,000 689,000 529,000 487,000 479,000 496,000 326,000 326,000 1.16 12,200 10,700 148,000 1.28 1.64 9,300 48,000 1.19 1.49 1.32 10,100 3,300 4,200 41,000 182,000 258,000 30,000 1,346,000 16,257,000 Gold (oz) 1.06 6.99 5.72 5.36 0.81 1.58 3.31 1.60 1.66 0.68 1.85 1.56 1.82 1.26 1.54 1.50 1.52 1.42 1.25 1.81 0.96 7.10 5.72 5.95 0.78 1.12 3.24 1.51 1.53 0.63 1.80 1.56 1.76 1.25 1.54 1.50 1.52 1.21 1.35 1.69 1.48 Total Au (g/t) 1.51 791,300 44,450,000 1.50 2,137,300 * Cut-off grades are 2.5g/t Au for Swan Underground (UG) Indicated, and 3.0g/t Au for Swan UG Inferred. ** Wyooda includes the Kingston Town, Think Big and Manikato resources which are within 600m and 200m of each other re