Gorilla Gold Mines (GG8) investor relations material

Key investment highlights

• High-grade gold resources on granted mining leases in Western Australia, with 1.5 million ounces at 3.8 g and plans for significant growth through aggressive drilling and development strategies.

• Added 1.3 million ounces at 3.7 g in the past year at a cost of AUD 20 per ounce, demonstrating efficient capital deployment and strong value upside.

• Five drilling rigs currently active across three projects, aiming to move projects into development by year-end and generate frequent news flow from ongoing drilling and studies.

• Market capitalization of AUD 300 million, AUD 37 million in cash, and a resource EV per ounce with room for growth compared to peers.

• Projects are supported by a proven team with a track record of rapid resource growth and efficient project execution.

Project updates and growth plans

• Comet Vale saw a 900% increase in resources last year, with major drilling underway and significant growth potential remaining, having tested less than 20% of targets.

• Mulwarrie project holds 350,000 ounces at 3.6 g, with current drilling focused on expanding resources south of the existing deposit.

• Vivien project has around 300,000 ounces in resources, with a two-phase strategy to grow resources and resume underground development.

• All projects are on granted mining leases, with permits in place to accelerate development and exploration.

• Targeting 150,000 m of drilling this year, building on last year’s 120,000 m, to drive further resource growth and project advancement.

Strategic outlook and value proposition

• Aggressive growth and development strategy aims to position the company for a strong 2026.

• High-grade focus and location in Western Australia provide a robust long-term business proposition.

• Frequent updates expected throughout the year from drilling and study results.

• Projects are located near existing mills, offering potential operational synergies.

• Management believes the company is undervalued relative to peers, with significant upside potential.