Quarterly Activities Report – September 2024

COMPANY HIGHLIGHTS

Pearl Copper Project, Arizona, USA

• Golden Mile completed due diligence on the Pearl Copper Project and entered into a joint venture-acquisition agreement with Outcrop Silver & Gold Corporation
• Project adjacent to the super-giant San Manuel-Kalamazoo porphyry copper-molybdenum deposit
• Odyssey and Ford prospects identified within the Project as immediate highly prospective, exploration drill targets
• Rock chip sampling at the Odyssey prospect returned exceptional assay results:
  • Silver assays up to 930 g/t
  • Copper assays up to 10.05%
  • Zinc assays up to 8.09%
• Mineralisation at the Odyssey prospect is visible at the surface with a strike length of >800m and includes multiple NNW trending extensional veins
• Historic data at the Ford prospect indicates grades up to 10.6% copper, 31.3% lead and 0.54oz (16.7 g/t) gold.

Corporate

• Appointment of Company Secretary Mr Justyn Stedwell, who has over 17 years’ experience as a Company Secretary of ASX listed companies

PEARL COPPER PROJECT (PEARL), ARIZONA, USA (G88 Earn In)

Pearl is located within a world-class mining jurisdiction of the Laramide Porphyry Copper Province within the Southwestern North American Porphyry Copper Province. This is the principal metallogenic province of the United States (US) accounting for approximately 70% of total US copper production.

Figure 1: Significant Copper Mines and Projects in Arizona USA

The Project is adjacent to the world class San Manuel-Kalamazoo Mine, with historic production of approximately 1Bt @ 0.7% Cu. Many other deposits occur in the greater area around the Project, with Arizona being host to some of the world’s largest copper discoveries.

During the Quarter, Golden Mile completed its due diligence on the Pearl Copper Project and entered into a joint venture-acquisition agreement with Outcrop Silver & Gold Corporation (“Outcrop”) ².

A field trip, undertaken as part of the due diligence, confirmed the very high prospectivity of the project area for company-making copper resources. This field examination, undertaken in late July, and while only preliminary in nature, delineated the Odyssey and Ford prospects within the Pearl project area as immediate, highly prospective, exploration drill targets.

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