December 2024 Quarterly Activities & Cashflow Reports

Mount Hope Mining Limited (ASX: MHM – ‘Mount Hope Mining’ or ‘the Company’) is pleased to provide an update on its quarterly activities for December 2024.

Highlights

Successful ASX listing

• Listed on the Australian Securities Exchange (ASX) following the successful completion of an Initial Public Offering (IPO) raising $5 million.

Orientation Soil Survey Completed

• Orientation soil geochemical survey completed, with results anticipated imminently.

Geophysical Targeting Commenced

• Southern Geoscience Consultants (SGC) engaged to refine existing targets and plan on-ground geophysical surveys commencing February.

Mount Hope Mining Managing Director Fergus Kiley commented:

“The December quarter has been transformative for Mount Hope Mining, headlined by our successful IPO listing on the ASX raising $5 million.

“We also completed an orientation soil geochemical survey using three complementary sampling methods, with results expected by the end of January 2025. These results will guide our exploration efforts as we refine our existing advanced projects and define new targets across this underexplored and mineral-rich region.

“Southern Geoscience has been engaged to undertake a detailed review of existing geophysical datasets, including reprocessing the 2021 airborne electromagnetic survey. This work will enhance our understanding of the project’s structural controls for mineralisation and identify further high-priority exploration areas.

“Our 175km² Mount Hope Project, located in the prolific Cobar mining district of NSW, offers strong potential for high- grade copper and gold discoveries. With a clear, data-driven strategy and solid local infrastructure, we are well-positioned to unlock its value, build on the district’s historic success, and deliver shareholder value through potential further discoveries.

“I would like to thank our shareholders for their support during the IPO and look forward to keeping the market updated as we progress exploration at the Mount Hope Project.”

Figure 1: Mount Hope geological map with operating and historic mines & current resources.

Orientation Soil Geochemical Survey

In December 2024, Mount Hope Mining completed an orientation soil geochemical survey across two targets within the Mount Hope Project area (Figure 2). The survey was designed to assess and refine the geochemical sampling techniques considered most effective for detecting buried mineralisation in this region.

The Company will test multiple sampling types to determine the optimal sampling technique for each of the geological terrains. Results from the survey are expected to be finalised imminently.

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