Matt Manson

if it keeps on going down to a 2 km floor and it fills in on the same basis that it's filling in that's between 3 and 4 million ounces and it's upwards of 4 million ounces really.

we've got an 11-year mine life there.

we've guided the market previously that we think this is a 3 to 4 million deposit.

82% increase in inferred resources.

we believe on a targeted basis for looking statements applying here that we're looking at between 3 and 4 million ounces in this deposit.

we've got 2.3 million ounces as of March in all categories.

it was 1.5 previously and and you know back in 23 it was 900,000 ounces.

we had 1.5 million previously. It's now 2.3.

we had 1.5 million previously.

The current resource is about a million and a half ounces.

this is a high-grade, you know, narrow vein mining situation, right?

this big system of quartz sulfide veins with lots of gold

being developed as an underground mine and being trucked to one of these adjacent mills

the old-timers mine half an ounce average grade, right... that's double digit grade every time we hit it.

The pea that we put out $532 million NPV at 2550 gold.

Which is just 740,000 ounces. So just a small subset we get like a half a billion dollar MPV which is three times the capital which is a metric which is a good measuring stick.

very low capital very low cost of entry for this type of mine development

and minimal surface facilities and a water treatment plant for mine water coming out the mine.

This used just $2,000 gold in the mine design and the mineral resource.

And you know and the MPV of the project in this recent mining study at $2,500 gold just using a subset of the existing resource.

So we estimate that in this recent mining study to be 175 Canadian million that's all.

at the time of raising that money in May and on on the the $25 million in May, we announced

We raised 25 million in October, upsized the program to 140,000 meters

very low capital very low cost of entry for this type of mine development

So we estimate that in this recent mining study to be 175 Canadian million that's all.

We raised 25 million in October, upsized the program to 140,000 meters

$35 million in the bank. That funds us all the way through this year, all the way through next year

the 140,000 m is we started that program back in October and that was adding 25 m budgeted 26 m which is about 72,000 m this year and then going into the first half of next year as well

We did an interim resource update in March just just around about the time of the PDA when we talked last and that got us up to about 2.3 million ounces

Starting about 15 months ago we changed the exploration strategy at O'Brien

Um you know, 72 and a half thousand meters this year.

through to the middle of 27.

likely one more you know towards the end of the year

likely another one at the end of kind of the program mid20 27

140,000 m drill program fully funded up to eight rigs

exploring and developing the O'Brien Gold Project in the Epatib region of Quebec

developing the O'Brien Gold Project in the Abatibbe region of Quebec

an historic former producing mine in the Abatibia of Quebec

It's the Cadillac of our Lake Break. famous famous structure that lots of mines have been centered on.

exploring and developing the O'Brien Gold Project in the Epatib region of Quebec

the heart of gold mining heritage in Quebec and Canada

Rison is the O'Brien Gold Project, a famous project in the history of gold mining in Quebec.

I'm Matt Manson. I'm the president and CEO of Rison Mining Resources

I've been involved in three mine builds in my career... there's nine mindbuilds on on the Rison board.

There's nine mine builds on that board between Pure Bodan, Peter McFale, myself

Healthy share structure here. 7% management and insiders.

at the time of raising that money in May and on on the the $25 million in May, we announced that we were actually going to go be below 2 km. We're going to go to 2 and a half kilometers

based upon this style of mineralization continuing to that 2 km floor

If this continues to 2 km, which we think is the floor of our exploration

So this is a what's called a misothermal gold deposit orenic gold another expression for it and the paradigm is that it keeps on going down.

We're hitting with an 84% success rate.

we've only completed 25% of this 140,000 meter program and so that's delivering an 82% increase in the inferred resources.

the vision is that ultimately following the heritage of mining in Quebec Abatibi. We see this project becoming integrated into one of these systems of mines and mills.

the obvious thing here is that this ready to go, big enough to be a new mine resource goes to one of these mills.

we're trading about $150 Canadian per ounce right now little bit more as of today the stock's doing well um our discovery cost in that part of the world is maybe $30 $40 an ounce

Healthy share structure here. 7% management and insiders.