• Stage 1 Environmental Approval Granted: Key regulatory milestone achieved for open pit mining and heap leach operations at Mulgabbie North
• Clears Path Toward Construction & Operations: Approval is a requirement for final permitting and licensing prior to development commencement
• Diamond Drilling Program Completed: Four-hole (230m) program completed at Paleochannel and Ben Prospects, delivering bulk samples for column testwork and geotechnical data to support pit design

OzAurum Resources Ltd (ASX: OZM) is pleased to announce it has received Environmental Approval under the Small Mining Operation Policy from the Western Australian Department of Mines, Petroleum and Exploration (DMPE) for Stage 1 open pit mining and heap leach operations at its Mulgabbie North Gold Project. The approval represents a key regulatory milestone in the Company's accelerated development strategy and is a critical requirement for the granting of final permits and licences prior to construction and operations. The Environmental Approval covers the proposed Stage 1 open pit mining and heap leach processing at Mulgabbie North and marks an important step toward transitioning the project from development planning into near-term execution. The approval has been granted under the Small Mining Operation Policy for operations of 10 hectares or less. The Company is progressing the remaining regulatory requirements, including a DMPE Project Management Plan, Site Dangerous Goods Licence, and WA Department of Health Poisons Permit. Parallel with permitting, Polaris Engineering Services is advancing refurbishment and modification works on key plant components, including the fine ore bin, conveyors, and repurposing of the lime silo into a cement silo for the agglomeration circuit. The Bullabulling lime silo will also be refurbished at Polaris' Henderson facility as part of the new Mulgabbie heap leach plant configuration. These works form part of OzAurum's capital-light development strategy, leveraging acquired infrastructure to materially reduce upfront capital expenditure while maintaining schedule momentum.

With funding secured through a recent strategic placement to Forrestania and plant works advancing on schedule, OzAurum is executing on a disciplined, capital-efficient pathway toward development. In the current strong gold price environment, the Company believes Mulgabbie North is increasingly well positioned to transition toward near-term production and unlock value for shareholders.