• Received final assay results for maiden drilling programme at Mt Egerton Gold Project
• Mobilized and demobilized drill rig, secured permit to re-establish Sister Rose Adit
• CFO resigned due to family commitments
• Cash balance at end of quarter was $5.23 million
• Exploration and evaluation expenditure was $205,000

Black Horse Mining Ltd completed the final assay results for its maiden drilling programme at the Mt Egerton Gold Project. The company mobilized and temporarily demobilized a drill rig to the site and secured the necessary permit to re-establish the Sister Rose Adit. CFO Amber Rivamonte resigned due to family commitments. The company had a cash balance of $5.23 million at the end of the quarter. Exploration and evaluation expenditure during the quarter was $205,000. There were no substantive mining production and development activities during the quarter. The company's tenement schedule remained unchanged.

Cash balance at end of quarter was $5.23 million

The company expects to continue its exploration activities and re-establishment of Sister Rose Adit.