New Murchison Gold (NMG) investor relations material

Executive summary

• Achieved second full quarter of steady-state production at Crown Prince Operations, generating $63.6 million in cash and ending the quarter with $155.6 million cash and no debt.

• Sold 173,174 tonnes of ore at 3.1g/t Au for 16,660 ounces, exceeding the maximum tonnage under the Ore Purchase Agreement.

• Exploration accelerated at Crown Prince East, Lydia, and Abbotts, with high-grade results supporting near-term production pipeline growth.

• No lost time injuries or significant environmental incidents; LTIFR at 0 and TRIFR at 4.12.

Financial highlights

• Attributable gold bullion price for the quarter was A$6,994/oz, with an attributable AISC of A$3,326/oz.

• Cash build of $63.6 million for the quarter; finished with $155.6 million cash and no debt.

• Receipts from customers totaled $89.2 million for the quarter; net cash from operating activities was $68.1 million.

• AISC increased from prior quarter due to higher OPA margin, mining, and haulage costs.

Outlook and guidance

• Stage 1 mining at Crown Prince to complete in June quarter, transitioning to Stage 2 in September quarter.

• Resource and reserve update for CPO targeted for September 2026 quarter.

• Ongoing exploration and technical work to support future resource definition and production growth.