Resource Conversion and Extensional Drilling Update

Key points

• Resource conversion and extensional drilling underway at Coote and Crake
• RC drilling completed at Boorara with mining restart planned for mid CY2027
• Maiden aircore program at Wilsons Prospect complete with assays expected in October CY2026

Full summary

Maritana Minerals Limited is providing an update on its drilling activities surrounding the Black Swan Processing Hub in the Western Australian Goldfields. Phase 2 drilling at Burbanks and the maiden aircore program at Wilsons have been completed, with assays awaited. Resource conversion drilling is underway at Coote and Crake, and drilling at Boorara is complete. The drilling aims to convert Inferred Mineral Resources to the Indicated category, supporting Ore Reserve updates and an updated life-of-mine plan for the Black Swan Processing Hub. Mining at Boorara is targeted to restart in mid-2027, ahead of first gold processing in the second half of 2027.