The 2026 Campaign includes 15,481 meters of drilling in 109 holes and consists of a combination of infill, expansion and geotechnical drilling. Gold and silver assay data from more than 350 drill holes completed during the 2025 and ongoing 2026 Drill Campaigns at Richmond Hill will be incorporated into a Pre-Feasibility Study ("PFS") being published in the second half of 2026. This represents an approximately 30% increase in drill holes relative to the drill holes that informed the mineral resource estimate outlined in the July 2025 Initial Assessment with Cash Flow ("IACF"), and it will support an updated resource estimate, geo-metallurgical model, mine plan and mine sequence.

Highlight from this update include:

• Infill drill hole RH26C-387 intersected 1.49 grams per tonne gold (g/t Au) and 8.13 g/t silver (Ag) over 38.1 meters (57 gram meters Au) and RH26C-398 intersected 1.35 g/t Au and 34.54 g/t Ag over 28.2 meters (38 gram meters Au). The gold and silver mineralization intercepted in RH26C-398 was shallow, beginning at only 7 meters below surface and is higher than the current average grade in the IACF. The PFS is assessing higher-grade, near-surface mineralization for incorporation into early mine operations to minimize stripping and increase production in the initial five years of mining. The IACF for Richmond Hill outlined a low overall strip ratio of 0.66 and a life of mine AISC (Cash Cost plus Sustaining Cost) of $1,047 per oz Au for the measured and indicated mine plan.
• The assay results reported today are primarily from infill drilling in the northern portion of the Project designed to support reserve conversion planned for 2026. This drilling targets areas of previously defined near-surface mineralization where tighter drill spacing is expected to support conversion of inferred resources to the indicated resource category.
• Over 85% of the total planned drilling for this year's Richmond Hill Campaign has been completed to date with 13,718 meters in 92 drill holes. Drilling productivity and assay turnaround times remain on track, and the Campaign is expected to be completed in the third quarter of 2026.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.