Sixty North Gold moves equipment for Mon mine

Executive Summary

• All required mining equipment has been successfully mobilized to the Mon gold mine site via winter road, keeping the project on schedule and within budget.
• The company reports no lost‑time accidents or environmental incidents and has cleared all residual camp waste from the site.
• Preparations are underway for mill construction and start‑up of a 100 tpd design rate, with initial ore extraction planned for summer 2026 from four newly developed stopes on the second level beneath historic stopes that averaged 30 g/t Au.

Key Details

• Equipment Mobilization: Complete set of plant, processing, and support equipment delivered to Mon mine site as planned; mobilization completed ahead of the winter road schedule.
• Budget & Safety: Expenditures remain within budgeted amounts to date; zero lost‑time accidents and no environmental incidents reported during mobilization phase.
• Site Clean‑up: All residual material from the burned camp, spent batteries, and miscellaneous garbage removed and disposed of at authorized facilities in Yellowknife.
• Production Plan: Targeting a permitted 100 tpd (tonnes per day) design rate; mill construction to commence imminently with first production expected summer 2026.
• Ore Extraction Focus: Initial extraction will target gold‑bearing vein material from four stopes on the second level, located below historic stopes that historically produced at an average grade of 30 g/t Au.
• Further Development: Ongoing development to greater depth planned; recent underground work intersected productive A‑Zone 17 m below historic stopes and identified a new DD zone exposed in the main ramp.
• Future Mining Areas: Plans include developing stopes in the East Limb, West Limb, and DD zone, as well as extending the ramp for deeper level access.
• Technical Review: Technical content reviewed and approved by Dr. D.R. Webb, PGeol, PEng, President & CEO of Sixty North Gold.

Notable Quotes

“Mobilizing all supplies to site allows Sixty North Gold to move the Mon gold mine towards production again. Regulatory reporting continues to be a significant component of our efforts as we prepare to commence mill construction and start operations at the permitted 100 tpd design rate, planned to commence this summer.” – Dave Webb, President & CEO.