Gorilla Gold Mines (GG8) Q3 2025 TU earnings summary

Executive summary

• Major exploration discoveries at Lakeview and Sovereign North (Comet Vale), Val (Vivien), and extensions at Mulwarrie, all in Western Australia, with significant high-grade gold intercepts reported.

• Maiden Mineral Resource Estimate (MRE) for Vivien Project: 2.1Mt @ 4.1g/t Au for 278,000oz, boosting group resources by 40% in the quarter.

• $25M raised in an oversubscribed placement, strengthening the balance sheet and supporting accelerated exploration.

• Name changed from Labyrinth Resources Ltd to Gorilla Gold Mines Ltd; new CFO appointed.

Financial highlights

• Cash on hand at 31 March 2025: $36.3M.

• Net cash used in operating and investing activities for the quarter: $6.2M, with $5.5M spent on exploration and drilling.

• $25M raised via equity placement at $0.38/share, a 5% discount to last close.

• Institutional investment now accounts for 15% of the register.

Outlook and guidance

• Drilling to continue at all three WA projects with six rigs active; MRE upgrades planned for Comet Vale and Mulwarrie in Q4 2025.

• Ongoing permitting at Lakeview to enable deeper and more extensive drilling.

• Rapid resource growth strategy in place, with focus on high-grade gold assets.