• Tier-One Jurisdiction: Located in Brazil's prolific Tapajós Gold Province
• Historic Resource & Open: VG1 hosts 336koz Au, remains open in all directions
• Favourable Mining & Metallurgy: Thick zones of gold mineralization, high recoveries

The announcement provides an overview of Australian Mines Ltd's Boa Vista Gold Project located in Brazil's prolific Tapajós Gold Province, which has historically produced over 30Moz of gold. The project currently hosts a historic resource of 8.47Mt @ 1.23g/t Au for 336koz, with the mineralization remaining open in all directions. The project benefits from favorable mining and metallurgical characteristics, including thick zones of gold mineralization from surface, high recoveries over 95%, and up to 60% gravity recovery. Importantly, the presence of shallow high-grade en-echelon structures offers the opportunity to further enhance open-pit grades. The large 9,201ha tenement package also has multiple high-priority exploration targets, with only 26 diamond holes drilled to date, leaving substantial blue-sky exploration potential. Upcoming exploration plans include LiDAR and magnetic surveys, followed by an initial 3,000m of phased diamond drilling to test strike and depth extensions, as well as infill and refine targets. The company's local partner, GoldMining Inc., is actively exploring its nearby São Jorge project, further underscoring the district-scale exploration potential.

The company plans to complete LiDAR and magnetic surveys, followed by an initial 3,000m of phased diamond drilling to test strike and depth extensions, as well as infill and refine targets at the Boa Vista Gold Project. The company aims to update the historical resource to JORC 2012 standards and advance metallurgical, environmental, and baseline studies.