• Second batch of drilling continues to intersect high-grade, near-surface gold within the paleochannel system
• Mineralisation remains open along a >4km trend, providing potential to extend mine life
• Standout intercepts include 5m @ 5.26 g/t Au, 6m @ 4.28 g/t Au, and 6m @ 3.87 g/t Au

OzAurum Resources Ltd (ASX: OZM) is pleased to report strong shallow, high-grade gold results from the second batch of reverse circulation (RC) grade control drilling at the Paleochannel Project within its Mulgabbie North Gold Project, located in the Eastern Goldfields of Western Australia. The results form part of the ongoing feasibility study and are expected to assist with mine planning and evaluation of potential development scenarios in the context of the proposed commissioning of the Mulgabbie processing plant. Highlights include: second batch continues high-grade, near-surface gold within the paleochannel system; results from 84 RC holes (3,024m) represent the second batch of a planned 18,000m grade control program; and mineralisation remains open along a >4km interpreted paleochannel trend, providing strong potential to extend mine life beyond the existing ~260koz Mineral Resource. Standout gold intercepts include 5m @ 5.26 g/t Au, 6m @ 4.28 g/t Au, and 6m @ 3.87 g/t Au. The Paleochannel Project presents a clear opportunity to potentially define additional high-grade ounces, expand the existing Mineral Resource base, and enhance the potential feed inventory for the Mulgabbie North heap leach development pathway.

With mineralisation remaining open along a 4km trend, the company sees significant potential to grow the resource base and further enhance potential plant throughput, positioning Mulgabbie as a scalable operation with potential for strong upside beyond initial development and existing resources.