Mount Hope Mining

Investor Insight

Mount Hope Mining is advancing the 100 percent-owned high-grade, outcropping gold system, the Mt Solitary Gold prospect, where a JORC (2012) Exploration Target has been defined, and drilling has returned visible gold within an outcropping system open in multiple directions. Together with the Company’s expanded 606 sq km southern Cobar Basin landholding and district-scale MS2 Gold Corridor, Mount Hope offers exposure to both near-term resource growth and broader discovery upside.

Overview

Mount Hope Mining (ASX:MHM) is an Australian explorer focused on building a strong portfolio of growth assets in the southern Cobar Basin, New South Wales. The company’s core landholding now comprises 606 sq km and is strategically positioned along the Sugarloaf, MS2 and Scotts Craig basin-bounding fault systems. Mount Hope is pursuing a systematic, drill-led strategy centred on growing ounces and geological confidence at Mt Solitary while advancing additional gold and polymetallic targets across its broader landholding.

At the core of its strategy is the Mt Solitary gold system, where drilling has delivered strong results supported by visible gold, favourable structural controls and modern geophysical targeting. The mineralised system continues to expand along strike and at depth, and work completed to date is supporting ongoing resource definition at the prospect.

As an outcropping system with favourable geometry and low strip characteristics, Mt Solitary presents a potential expedited pathway to development, particularly given its proximity to multiple underutilised processing facilities within trucking distance.

Company Highlights

• Premier Location: Positioned in the Cobar Basin, one of Australia’s most active mining districts with established infrastructure and processing capacity
• Strategic Landholding: 606 sq km in the southern Cobar Basin, expanded through EL9874 and EL9875 and positioned along major regional structures prospective for Cobar-style mineralisation
• High-Grade Gold Discovery: Mt Solitary delivers visible gold up to 52.5 g/t with mineralisation open in all directions
• Strong Drill Results: Multiple high-grade intercepts, including 19 m @ ~4.5 g/t gold, supporting resource growth
• Defined Exploration Target: 1.32–1.87 Mt @ 1.0–1.35 g/t gold for 42.5–81.4 koz gold at Mt Solitary
• Advanced Targeting: Modern geophysics, including CSAMT and EM surveys, refining structural controls and drill targets
• District-Scale Upside: MS2 corridor (7.5 km) linking multiple gold prospects with associated base metal potential
• Robust Pipeline: Over 40 additional exploration targets across a large-scale mineralised system
• Development Advantage: Outcropping system with a favourable strip ratio and trucking distance to multiple underutilised mills
• Experienced Leadership: Board and management team with strong capital markets, technical, financing and corporate development expertise

Key Project

Mount Hope

The Mount Hope Project is a district-scale exploration asset comprising ~606 sq km in the southern Cobar Basin, strategically positioned within a highly endowed and infrastructure-rich mining district. Historically mined for high-grade copper, the project is now being systematically explored for gold-led systems with associated base metal potential along major structural corridors.

The 100 percent-owned Mt Solitary Gold prospect is the flagship discovery, where a JORC (2012) Exploration Target has been defined at 1.32–1.87 Mt at 1.0–1.35 g/t gold for 42.5–81.4 koz gold. The prospect remains open in multiple directions and sits within the broader MS2 Gold Corridor, a district-scale ~7.5 km mineralised trend with strong potential for further gold discoveries along strike and at depth.

Complementing Mt Solitary is the MS2 corridor, a ~7.5 km mineralised trend linking multiple prospects, including Mt Solitary, Little Mt Solitary, Powerline Hill and Mt Solar. The corridor exhibits consistent gold mineralisation with associated base metal signatures (Cu-Pb-Zn-Bi) and is interpreted as a basin-scale structure analogous to major producing systems in the Cobar Basin. Together with advanced targets such as Blue Heeler, Black Hill and Mt Hope East, and a pipeline of over 40 additional prospects, the project provides significant exploration depth and scalability.

Management Team

Fergus Kiley – Managing Director and CEO

Fergus Kiley has over 15 years of experience in capital markets and the resources sector, with expertise in business development, project finance and multi-commodity project evaluation across Australia, Europe and North America. Previously, Kiley led business development at Wyloo Pty Ltd, where he played a key role in the C$616.9 million acquisition of Noront Resources. He also serves as a non-executive director of Grand Gulf Energy (ASX:GGE).

Ben Phillips – Non-executive Chairman

Ben Phillips brings over 15 years of experience in commercial negotiations across industries including resources, oil and gas, medical technology, SaaS and defence. He currently serves as executive chairman of Norfolk Metals (ASX:NFL) and non-executive director of Many Peaks Minerals Ltd (ASX:MPK), and also has funding and transactional experience through Ironside Capital.

Todd Williams – Non-executive Director

Todd Williams is an exploration geologist with over 15 years of experience in greenfields project development. He is the Managing Director of Unico Silver Limited (ASX:USL) and a Non-Executive Director of Orpheus Uranium Ltd (ASX:ORP). His exploration and project management experience supports the company’s strategic growth initiatives.

Paul Kiley – CFO & Company Secretary

Paul Kiley brings over 30 years of leadership experience in the mining and oil and gas sectors. He has held senior roles including CFO and Company Secretary at Hillgrove Resources and director of corporate development for Newmont in the Asia-Pacific region, bringing deep expertise in corporate strategy, risk management and financial oversight.