More High-Grade Shallow Gold at Mulgabbie North Paleochannel

• Consistently high-grade gold at shallow depths
• Significant resource growth potential beyond existing mineral resource
• Development is advancing with civil works for heap leach pad and agglomeration plant

OzAurum Resources Ltd (ASX: OZM) has reported another batch of high-grade gold results from its ongoing reverse circulation drilling at the Mulgabbie North Paleochannel Project in Western Australia. The drilling has confirmed the presence of high-grade gold mineralization at shallow depths, suitable for open-pit mining, and supporting the company's low-capex, heap leach development pathway. The latest batch of 84 holes totaling 3,024 meters has intersected multiple high-grade gold intercepts, including 8 meters at 4.89 g/t Au and 5 meters at 3.24 g/t Au. The company has also commenced civil works for the heap leach pad and agglomeration plant, marking a tangible step towards construction. The resource remains open along a >4km interpreted paleochannel trend, highlighting significant growth potential beyond the existing ~260,000oz Mineral Resource.

The company is advancing towards development with ongoing feasibility studies and grade control drilling, aiming to convert the resource into potential mineable inventory.