• Completed Scoping Study at Butchers Creek Gold Project, confirming 9-year Life of Mine with forecast production of ~200koz of gold
• Delivered exceptional drilling results at Radio Gold Project, confirming shallow and depth extensions of high-grade gold mineralisation
• Successfully completed A$5.5 million capital raising to fund ongoing drilling and project advancement

WIN Metals (ASX: WIN) has reported a transformational quarter, highlighted by the completion of a Scoping Study for the Butchers Creek Gold Project and exceptional drilling results at the Radio Gold Project. The Butchers Creek Scoping Study confirmed the technical and financial viability of developing a standalone open pit and underground gold operation, with a forecast 9-year Life of Mine and production of approximately 200koz of gold. The robust project economics are underpinned by strong operating margins, high-grade feed, and a simple, conventional processing flowsheet. At the Radio Gold Project, WIN's maiden drilling programs delivered consistently strong results, confirming the presence of high-grade gold mineralisation across the Repeater, Radio Main and Radio South areas. The drilling has defined a coherent, shallow high-grade system at Repeater, interpreted as the northern continuation of the historic Radio deposit, and demonstrated that high-grade mineralisation continues beyond the current underground development at Radio Main. These results reinforce the project's near-term development potential. During the quarter, WIN also successfully completed a A$5.5 million capital raising, strengthening the company's balance sheet and funding ongoing drilling, project advancement, and general working capital.

WIN's Scoping Study for the Butchers Creek Gold Project forecasts a 9-year Life of Mine, with production of approximately 200koz of gold at an average of ~33kozpa during steady state operations and a peak of ~37koz in Year 5.

WIN is focused on advancing the Butchers Creek Gold Project and Radio Gold Project through the next stages of technical evaluation and development. This includes integrating the recent drilling results into updated resource models, assessing near-term restart options for underground mining at Radio, and evaluating low-cost open pit opportunities over largely unmined near-surface mineralisation.