• Mineral Resources gold increases by 13% to 3.8 million ounces, silver increases by 9% to 30.5 million ounces
• Ore Reserves gold increases by 4% to 1.24 million ounces, silver increases by 7% to 11.5 million ounces
• Significant changes to geological modelling and estimation processes for the A-Pit area

Kingsgate Consolidated Limited (ASX: KCN) has announced an update to the Mineral Resources and Ore Reserves for the Chatree Gold Mine, focused on the Chatree A-Pit area. The update incorporates significant changes to geological modelling and estimation processes for the A-Pit area. Key highlights include:- Mineral Resources gold increases by 13% to 3.8 million ounces, and silver increases by 9% to 30.5 million ounces- Ore Reserves gold increases by 4% to 1.24 million ounces, and silver increases by 7% to 11.5 million ounces- The increase in metal content is predominantly due to the new geological model and improved recoveries- Detailed geological modelling of post-mineralisation barren dykes and exclusion of samples within these units prior to estimation was undertaken to prevent contamination of mineralised domains- Gold and silver were estimated independently, with a simple linear method of Ordinary Kriging used for areas of high drilling density and a non-linear Localised Uniform Conditioning (LUC) method for more sparsely drilled areas- The undiluted resource model block size used for estimation is 4m x 4m x 3m, which matches mining selectivity and will enable more accurate mine planning and scheduling- An updated Mineral Resources and Ore Reserves statement for the remainder of the Chatree orebody is planned for 2025

The December 2024 Chatree Ore Reserve is estimated to contain approximately 1.24 million ounces of gold and 11.5 million ounces of silver, with a Reserve Life of 9.5 years.