Musgrave Minerals

Musgrave Minerals is an Australian-focused mineral exploration company whose cornerstone asset is the 100%-owned Cue gold and copper project in Western Australia's Murchison Province. The project contains JORC-compliant, near-surface gold and copper resources across multiple deposits totalling 441koz Au and 55kt copper metal, with the standout deposit the Break of Day discovery, which contains 868,000 tonnes at 7.15 g/t Au for 199,000 ounces. Significant upside remains at Cue, with Musgrave continuing to discover gold outside the current resource boundaries, as evidenced by recent hits at Break of Day of 11m at 54g/t Au and the new Louise discovery where the Company intersected 4m at 15.4 g/t Au from 79m downhole. Musgrave is actively seeking to grow resources at Cue through systematic exploration and is assessing development options that would deliver near-term cashflow. The project's location is such that it is within easy trucking distance of four operating gold mills. The Company also has a massive footprint in the Musgrave Province in South Australia - one of the least explored frontier regions of Australia.