• Diamond drilling program underway at Mulgabbie North Gold Project
• Drilling to provide data for heap leach feasibility and open pit design
• Upcoming grade control drilling to improve resource confidence for Stage 2

OzAurum Resources Ltd (ASX: OZM) has commenced a diamond drilling program at its Mulgabbie North Gold Project in Western Australia. The four-hole, 230-metre program is designed to advance Stage 2 of the heap leach feasibility study, including column testwork, and provide critical geotechnical data for open pit design at both the Paleochannel and Ben open pit areas. The drilling complements the ongoing heap leach plant refurbishment program and recent $4.1 million capital raise, reinforcing OzAurum's disciplined, capital-light pathway toward production. The company also plans to complete a shallow grade control drilling program at the Paleochannel open pit design area, which is expected to improve confidence for Stage 2 of the open pit mining and heap leach operation. Open pit design work is currently underway as part of the permitting process, with rising gold prices impacting the economic evaluations. OzAurum believes that further drilling may define a Mineral Resource in areas of unclassified mineralization, but cannot be certain that this will be the case.

The diamond drilling program is focused on delivering key geotechnical data and metallurgical column testwork to support pit optimisation and the heap leach feasibility study. The upcoming grade control drilling has the potential to provide increased resource confidence as part of the Stage 2 open pit mining and heap leach strategy, enhancing OzAurum's development flexibility.