Gorilla Gold Mines (GG8) Diggers & Dealers Mining Forum 2026 summary

Exploration and resource growth

• Added over 300,000 oz to Sovereign's resource in the past year, now totaling 410,000 oz at 4.3 g/t, with ongoing drilling and visible gold at surface indicating further growth potential.

• Recent high-grade discoveries at Sovereign include a new footwall lode with 9.3 m at 20 g/t, and ongoing follow-up drilling with two rigs.

• Lakeview structure hosts about 420,000 oz at 3 g/t, with promising new drill results expected soon.

• Surface discoveries at Donkey Kong, Magilla, Diddy Kong, and Lady Margaret at Comet Vale show good grades and widths from shallow depths, supporting a significant resource upgrade in the next 12 months.

• Mulwarrie project holds 350,000 oz at 3.6 g/t, with high-grade hits outside the current resource and potential for both open pit and underground mining.

Project development and infrastructure

• Sovereign requires only one more permit to resume underground operations, with recent exploration success at depth and along strike.

• Vivien, a fully permitted underground mine with a 300,000 oz resource at 4 g/t, has seen two new high-grade discoveries and is currently being dewatered at no cost.

• Vivien is close to multiple mills, offering logistical advantages and further growth potential.

• Recent drilling at Vince (Vivien) returned 2 m at 55 g/t, and Val has shown strong intercepts, with more exploration and resource growth expected.

• All projects are advancing in parallel with ongoing permitting and development studies to accelerate progress.

Financial performance and strategy

• Added 1.3 million ounces to resources in 2025 at a cost of about AUD 20–25 per ounce, reflecting strong capital efficiency.

• Board and management own 20% of the company, with strong support from quality funds and major shareholders like Genesis Minerals and 1832.

• Cash position of AUD 20 million at quarter-end and a market cap in the low AUD 200 millions.

• 150,000 m drilling program underway in 2024, focused on high-grade gold and large-scale anomalies.

• Emphasis on grade and recent discoveries across all projects, with a well-funded position to support ongoing exploration.