Exploration Update on Golden Crown Prospect

Mt Malcolm Mines NL (ASX: $M2M) has announced the confirmation of excellent gold recovery at the Golden Crown prospect. The preliminary metallurgical testwork indicates an average gold recovery of 94.3%, and the identification of four shallow stacked lodes open along strike and down plunge. The Company is now planning for follow-up drilling to further explore the potential of the prospect.

Managing Director's Commentary on Golden Crown Prospect

The testwork has confirmed that the Golden Crown gold mineralisation can be extracted using conventional cyanide extraction method, with excellent recovery. This outstanding result has firmly established confidence in Golden Crown as we progress towards a maiden resource estimate.

Exploration Update Summary and Outlook

Mt Malcolm Mines' Accelerated Cyanide Leach Testwork at Golden Crown has yielded promising results, with excellent gold recoveries averaging 94.3%. The identification of shallow stacked lodes further enhances the prospect's potential. The Company is now planning for follow-up drilling to explore the deeper extensions of higher-grade mineralization found in the West, East, and Upper Lodes. These developments underscore the significant exploration potential of the Golden Crown prospect, particularly in terms of its metallurgical viability and the presence of high-grade mineralization. The Company's intention to carry out additional metallurgical tests as the prospect advances reflects its commitment to further exploration and development activities to capitalize on these promising results.