Mt. Hamilton Project

Overview

The Mt. Hamilton Property is an advanced-stage, open-pit gold project located in White Pine County, Nevada. The deposit is primarily characterized by gold mineralization associated with skarn and epithermal systems linked to intrusive activity.

The property comprises a large, contiguous land package totaling approximately 4,891 acres, including 240 acres of fee simple land, 121 acres of patented mining claims, and approximately 4,530 acres of unpatented federal mining claims.The property is situated between Eureka and Ely, both about a one-hour drive away. Access is via U.S. Highway 50 and a network of well-maintained gravel roads, including White Pine County Road 5 and the Seligman haul road. Infrastructure from prior mining activity, including haul roads, remains in place.

Mineral Resources

Mineral Resource Estimate Mt. Hamilton Property, Effective Date November 10, 2025

Tons (millions)	Au (oz/ton)	Ag (oz/ton)	Au (Koz)	Ag (Koz)
Mt. Hamilton Property
Measured
21.00	0.022	0.165	454	3,743
Indicated
8.09	0.015	0.169	124	1,366
Measured and Indicated
29.09	0.020	0.166	578	4,839
Inferred
1.46	0.015	0.178	21	260

1. 21 The MRE was completed by Mr. James Gray, P. Geo, of Advantage Geoservices Ltd.
2. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability
3. Mineral Resources are the portion of the Mt Hamilton deposit that have reasonable prospects of eventual economic extraction by open pit mining method and processed by Au-Ag heap leaching.
4. Mineral Resources are constrained oxide and sulfide mineralization inside a conceptual open pit shell. The main parameters for pit shell construction are metal prices of $2,400/oz Au and $28/oz Ag, variable recovery for Au and Ag for oxide and sulfide mineralization by Area, open pit mining costs of $3.30/ton, heap leach processing costs of $4.50/ton, general and administrative costs of $1.65/ton processed, pit slope angles of 50° and a 2.4% royalty. 5)
5. Mineral Resources are shown above a 0.006 oz/ton Au cut-off grade. This is a marginal cut-off grade that generates sufficient revenue to cover conceptual processing, general and off-site costs given metallurgical recovery and long-range metal prices for Au and Ag.
6. Units are imperial tons.
7. Numbers have been rounded as required by reporting guidelines and may result in apparent summation differences.
8. Mineral Resources were prepared in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (2014) and CIM MRMR Best Practice Guidelines (2019).
9. The QP is not aware of any known environmental, permitting, legal, title, taxation, socio-economic, marketing, political or other similar factors which could materially affect the stated Mineral Resources.

Source: Advantage Geoservices (2025)

Technical Reports

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