Austral Gold Unveils Robust Casposo Reserve Update, Eyes Production Restart

• Proven and Probable Reserves – 2.149 million tonnes grading 1.31 g/t Au and 58.52 g/t Ag
• Measured and Indicated Resources, 2.258 million tonnes at 1.48 g/t Au and 59.91 g/t Ag
• Projected mine life of 74 months with average annual production of 11,495 oz Au and 468,434 oz Ag
• After-tax NPV of US$72.7 million at 11.8% discount rate and all-in sustaining cost of US$1,695/oz Au