Adelong Gold: Near-Term Production with Strong Growth Potential

The historic Adelong Goldfield (NSW) has produced ~800koz Au with the current total JORC 188koz @ ~3.2 g/t Au.

Joint-venture with Great Divide Mining funds a low-capex restart using the existing permitted plant & infrastructure (~120 ktpa start-up, scalable toward ~240 ktpa). Target: first gold production before March 2026.

Exploration upside: open extensions + satellites Gibraltar, Sawpit & Northern Caledonian, plus under-tested regional corridors across the Adelong field.

Victoria pipeline (antimony-gold):

– Apollo: assays pending from recent drilling following up historical high-grade hits.

– Lauriston: ~3,000m drill program scheduled October 2025 to test high-grade targets along the Castlemaine/Fosterville corridor.

Adelong Gold has secured Nova Minerals as strategic partner with cornerstone investment including first right of refusal on antimony offtake and options for introducing a USA/North American antimony project to Adelong, adding further antimony exposure alongside gold.