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Thursday, 09/11/2025 2:42:19 PM

Thursday, September 11, 2025 2:42:19 PM

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CEO was interviewed on utube from Beaver Creek. Good interview, explaining that the first of the two resource updates was to confirm that the first few years of production would indeed be high grade. Apparently there was some doubt about their ability to actually deliver the high grade in a production situation. So they conservatively showed the numbers with diluted ore grades. The reason that the total ounces didn't increase that much is that the whole purpose of the update was only to reaffirm the grade expected in the early years of production. The next update in 1/26 will include the stepout drill holes and likely show a bigger increase in total ounces.

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