• Conventional open-pit mining with low pre-production capital (~A$10m)
• Robust economics with 665kt processed at A$189/t NSR and ~A$63m undiscounted cash flow
• Significant exploration upside identified with high-grade gold and silver intercepts

Greenwing Resources has completed a scoping study for its 100% owned Que River Polymetallic asset, highlighting a potential low-cost pathway to cash flow from re-development and extension of existing open pits. The study confirms the project can support a potentially cash-positive re-development through conventional open-pit operations, leveraging existing regional infrastructure from a modest upfront capital requirement of ~A$10m. Optimised mine shell scenarios indicate potential mining and processing of ~665kt at Net Smelter Revenue (NSR) of ~$189/t, with conceptual undiscounted cash flows of ~$A63m and metal revenue of ~$A125m in less than a 12 month production period. The company has also identified significant exploration upside, with multiple high-grade gold and silver intercepts beneath and adjacent to existing open pits, including intercepts up to 86.9% ZnEq including 10 g/t Au.

The scoping study indicates potential mining and processing of ~665kt at Net Smelter Revenue (NSR) of ~$189/t, with conceptual undiscounted cash flows of ~$A63m and metal revenue of ~$A125m in less than a 12 month production period.

Greenwing Resources will continue to add value and update the market as it progresses the Que River asset over the coming weeks.