Quarterly Activities/App 5B Cash Flow Report - Correction

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Stock Ozaurum Resources Ltd (OZM.ASX)
Release Time 31 Oct 2025, 6:21 p.m.
Price Sensitive Yes
 Quarterly Activities/App 5B Cash Flow Report - Correction
Key Points
  • High-grade gold confirmed in fresh rock at Cross Fault zone
  • Exceptional metallurgical results supporting low-cost, scalable heap-leach operation
  • Feasibility study and site design advancing under global experts Kappes, Cassiday & Associates
Full Summary

OzAurum Resources Ltd (ASX: OZM) reports a pivotal quarter of progress at its flagship Mulgabbie North Gold Project in Western Australia's Eastern Goldfields. Drilling at the newly identified Cross Fault zone confirmed significant high-grade gold mineralisation over a 400m strike length, with standout intercepts up to 13.40 g/t Au. Metallurgical test work continues to deliver exceptional percolation rates, exceeding industry benchmarks and supporting the potential low-cost, scalable heap-leach development pathway. The company has regained full control of the Feasibility Study following the withdrawal of Line Hydrogen, enabling it to accelerate development toward near-term gold production. OzAurum has also appointed global heap-leach specialists Kappes, Cassiday & Associates Australia to oversee and advise on the design and operation of the project. On the permitting front, the company has engaged specialist environmental consultants to expedite key approvals for the proposed heap-leach operation on granted Mining Lease M28/240. Additionally, the company is progressing exploration activities at its Patricia Gold Project, including planned drilling at the Heysen's Find prospect.

Outlook

With Australian gold prices at record highs around A$6,000 per ounce, OzAurum's focus remains on fast-tracking Mulgabbie North toward development to maximize long-term value for shareholders.