Dome Gold Mines (DME) Q4 2024 TU earnings summary

Executive summary

• Continued progress on Sigatoka Feasibility Study and Environmental Impact Assessment, both key for mining lease application.

• Three-year renewals for SPL1451 (Ono Island) and SPL1452 (Nadroga) approved, enabling ongoing exploration.

• Directors visited Fiji, meeting with government officials and a potential customer for Sigatoka magnetite concentrate.

Financial highlights

• $60K spent on exploration and related activities during the quarter, with $59K allocated to Sigatoka DFS program.

• No expenditure on mining production or development activities in the quarter.

• As of 30 June 2024, cash balance was $1K; $442K raised via share placement in July.

Outlook and guidance

• Next phase of exploration at Ono Island will focus on the southern half with soil geochemistry and mapping.

• Nadroga project to proceed with geophysical surveys to identify drill targets.

• Sigatoka project advancing towards mining lease application, pending completion of feasibility and EIA reviews.