Diane Garrett

started drilling out these new discoveries, these amazingly multi,000 gram intercepts um in both Vortex and Brimstone

we're still drilling the brimstone and vortex high-grade silver systems that we discovered late in 23 and they're open in all directions and at depth.

that's 70 holes that we've done recently. So, we've added in these two new high-grade silver discoveries

the resource footprint, it sits on less than 10% of our land package.

but also one of the world's largest silver deposits with two recent very significant high-grade silver discoveries.

in February kind of announced they'd increase the resource by 55%

after only 14 months of drilling we have 90 million ounces in the measured and indicated category

So in the gold category measured and indicated we had about 10 and a half million ounces of gold and now we're over 16 million ounces.

And on the silver, we were at 362 million ounces, and now we're just shy of 600 million with more in the inferred category.

what is creating this worldass scale resource of over 10 million ounces of gold and just shy of 400 million ounces of silver?

Highraftoft owns one of the world's largest precious metals deposits in Nevada, USA.

we are doing the economics on the large project. And then we're at the same time bringing in an engineering firm to help us assess the underground mining potential of these high-grade systems.

the reality is you know highfra is a a sulfide deposit now and it's refractory ore

over 500 grams of uh silver at you know I think it was 35 mters and just multiple high-grade intercepts like that

we have a substantial amount of silver which will contribute about 40 to 45% of our revenues

they came together and helped the company be able to pay off all of that debt last October.

The main goals and the drivers for 2025 was to to clean up the balance sheet and eliminate all of the debt that we had that we inherited.

Eric Spro, our largest shareholder, has put in 110 million US since June. uh in three different tanches

We have $200 million in the bank and we are 85% owned by the largest blue chip institutional investors around the globe.

So we've got about 200 million US in the bank.

And this last financing, he led with a $50 million order. We now have plenty of cash for the next three or four years

we raised 143 million. We paid off a h 100red million of the debt

We have $200 million in the bank and we are 85% owned by the largest blue chip institutional investors around the globe.

we could retire all of the debt, be debtfree and that allowed us to put you know quite a sufficient amount of cash in the bank combined with what we already had and it set us on a path of not needing to go back to the markets for the next three plus years.

we've now transformed our shareholder base into over 80% blue chip long-term institutional investors

we've got two core rigs, one RC rig, and we're expecting to bring in two more core rigs in the second quarter of this year.

we're going to have the economics out on the project uh by you know looks like the end of the first quarter

Highraftoft owns one of the world's largest precious metals deposits in Nevada, USA.

we are advancing one of the world's largest precious metals deposits in the United States Nevada.

Diane Garrett, president and CEO of Highraftoft Mining, which hosts the worldclass scale Highfra mine in Nevada, USA.

located in an excellent jurisdiction of Nevada, USA

we're now transitioning the project to the sulfide milling operation of which we're already permitted for heat bleach and milling.

the nice thing about Highoft is we're already permitted for heap leachch and milling

located in an excellent jurisdiction of Nevada, USA

As a former fund manager, I absolutely understood that and would find that I couldn't risk my equity if a developer had a lot of debt.

shephered a very difficult journey in developing that mine successfully

came from our last company, Roarco Minerals, where we did this identical thing, came into a project that everybody thought was lowrade and too small and turned it into one of the biggest, highest grade gold discovery uh really in that decade when we discovered it. and it was subsequently acquired by Oceanana Gold

with the finalizing of our metallurgical test work the recoveries are much higher than we had originally um contemplated.

there is not a metallurgical issue at highra there's not a technical issue at high and these are very important things

we've demonstrated to the market through the metallurgical work is that you can recover this gold and silver. It it it's uh the sulfide or now so we'll be milling it. It is refractory

tetrahedrite forms like 700 to a 700 meters to a kilometer in depth. So it tells us that something deep below is pushing that up higher.

we've been recovering refractory gold and silver for 45 years in the state of Nevada

We have $200 million in the bank and we are 85% owned by the largest blue chip institutional investors around the globe.

So the institutions that came in Eric owning 43% of us, Tribeca, Black Rockck Schroeders Franklin

for 26, resource update, engineering economic results out, and a lot of drill news throughout the year.