Emerald’s flagship Okvau Gold Project reflects our commitment to developing a modern Cambodian gold mining industry, working with, and supporting the communities and the environment in which we operate while maintaining a respectful and mature relationship with the Government of Cambodia.

Key Highlights;

• Okvau Gold Mine commissioned on time on budget in 2021;
• FY24 production guidance achieved of 114koz gold production;
• Updated Okvau Gold Mine underground resource of 2.13Mt @ 6.00 g/t Au for 410koz;
• Okvau Gold Mine open pit reserve is currently 10.40Mt @ 1.66g/t Au for 550koz with ongoing extensional drilling expected to increase reserves on an annual basis;
• Current mineral resources (including maiden underground) and reserves underpin a current mine life beyond 8 years.

In 2017 Emerald’s team commenced the journey to bring the Okvau Gold Project into production. Our highly experienced exploration geologists together with our seasoned management group, completed a DFS that demonstrated the potential of the project.

This was further developed over the following years leading to our first gold pour in June 2021.

In July 2024 the tenth tonne of gold was poured, a major milestone for the mine and Company.

Since achieving practical completion and reaching a steady state of production in September 2021, the process plant has run consistently above nameplate of 2.0Mtpa.

Plant throughput improvements from July 2024, including with the SAG mill liner configuration, coupled with excellent process plant availability of 96% saw throughput of 586kt for the Quarter ~17% above nameplate capacity. This is a step change from previous average of ~510kt/quarter since commissioning taking Okvau from ~2Mtpa to ~2.3Mtpa.

Drilling remains ongoing with the view to extend the Okvau Gold Mine resources/reserves through:

• Infill and extensions to the underground resource to expand the resource base and for reserve conversion;
• Open pit extensions beyond the current pit shell; and
• Near mine prospects.

An updated underground resource is expected in the January quarter 2025.