CHARTERS TOWERS GOLD PROJECT

NMR acquired 100% of the Charters Towers Gold Project in November 2024, which comprises 17 granted Mining Leases (MLs), 1 Mineral Development Licence (MDL), 6 Exploration Permits for Minerals (EPMs) and 1 EPM Application.

The project is located in the mineral-rich Ravenswood-Charters Towers region and provides extensive exploration potential, a clear path to gold production, and significant upside through resource growth opportunities.

The project comprises several high-quality assets:

• Far Fanning Deposit: Inferred Mineral Resource Estimate (MRE) of 2.3Mt @ 1.84g/t Au for 138,000oz of gold (JORC 2012)
• Blackjack Deposit – Including the 340,000tpa Blackjack Gold Processing Plant
• Additional advanced resources include:
  • Great Britain Deposit: 1.54Mt @ 2.2g/t Au for 109,000oz gold (JORC 2004)
  • Granite Castle Deposit: 0.76Mt @ 3.14g/t Au for 77,000oz gold (JORC 2004)

NMR is currently advancing its Charters Towers assets towards production, with first gold targeted for Q3 2025.