• Large-scale grade control drilling program commenced at Mulgabbie North
• Drilling expected to improve confidence in high-grade paleochannel mineralisation
• Potential for stand-alone mining opportunity and early cash flow

OzAurum Resources Ltd (ASX: OZM) has commenced a reverse circulation (RC) drilling program of approximately 18,000 metres at the Paleochannel Prospect within the Stage 2 pit designs at its Mulgabbie North Gold Project. The drilling is designed to increase confidence in the paleochannel mineralisation, support open pit mine design optimisations, and provide data for the ongoing Heap Leach Feasibility Study. Previous drilling has returned significant shallow high-grade gold intercepts, including 5m @ 5.87 g/t gold, 3m @ 7.25 g/t gold, and 2m @ 6.92 g/t gold. The company believes the grade control drilling may also demonstrate that parts of the paleochannel mineralisation could support stand-alone mining scenarios, providing additional development flexibility and potential for early cash flow generation. The drilling program follows a recent $4.1 million strategic placement to Forrestania Resources Limited, strengthening OzAurum's balance sheet and supporting the advancement of near-term production initiatives at Mulgabbie North. The company is building strong momentum as it progresses toward a capital-light pathway to gold production in a strong gold price environment.

The grade control drilling program is expected to increase confidence in the high-grade paleochannel mineralisation at Mulgabbie North, potentially demonstrating that parts of the mineralisation could support stand-alone mining scenarios and provide early cash flow opportunities. This would give OzAurum additional development flexibility as it advances the project toward gold production.