Update on Mt Malcolm Mines NL activities for the quarter ending 30th June, 2024

Mt Malcolm Mines NL (ASX: $M2M) has reported exceptional gold mineralisation and recovery at the Golden Crown Prospect for the quarter ending 30th June, 2024. The company achieved robust gold recovery with assay results returning the highest ever recorded intersection from Golden Crown, demonstrating its commitment to driving further gold exploration and development success.

Executive Commentary on June Quarter Activities

Managing Director, Trevor Dixon, expressed satisfaction with the exceptional grade control drilling results and recovery test work on Golden Crown gold ores. He thanked pre-existing shareholders and investors introduced by Novus Capital Ltd for their solid financial support, enabling the company to drive further gold exploration and development success at their business.

Summary of Quarterly Activities and Outlook

During the quarter, Mt Malcolm Mines NL achieved exceptional grade control drilling results and recovery test work on Golden Crown gold ores. The company's efforts are aligned with its overarching objective of building a high-grade resource base for future development. The proposed bulk sampling exercise will involve processing up to ~8,000 tonnes of high-grade ore to verify gold grades and assess mining feasibility. The company's strategy to establish a sustainable production base through shallow mining opportunities is progressing well. With the successful completion of a placement raising $815,000 before costs, the company is well-positioned to continue its operations and meet its business objectives.