Asset Portfolio:

• A1 Gold Mine (Victoria)
• Maldon Gold Mine & Processing Plant (Victoria)
• Henty Gold Mine (Tasmania)

Production Highlights:

• FY2024 Henty Mine:
  • 25,000 oz gold produced
  • AISC: $2,876/oz
  • $9.5 million operating cash flow (Dec 2024)
• Group production now exceeds 30,000 oz annually

Resources & Reserves:

• 449,000 oz @ 3.4g/t gold (88% Measured & Indicated)
• 154,000 oz in Ore Reserves @ 4.0g/t
• 5+ year mine life with upside

Royalty Income:

• From 1 July, Ragnar will receive a 1.5% Net Smelter Return (NSR) royalty from all gold produced at the A1 Nova Mine