REZ Quarterly Activities Report

HIGHLIGHTS
• Trial gold mining operations have resumed at the East Menzies Gold Project using the vat leach method, marking a key milestone for REZ.
• REZ secured approval from the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) to initiate the trial vat leach and bulk sampling program.
• Initial mining efforts will focus on the Maranoa deposit, targeting the processing of 5,000 tonnes of hard rock material.
• Vat 1 was completed in December and is operational.
• Post quarter end, the carbon from the trial vat leach program at the East Menzies Gold Project was transported to Kalgoorlie for processing.
• The first strip from the initial trial vat leach processing is scheduled for Saturday, 1st February 2025.
• Following the initial trial, the Company submitted a second mining application to DMIRS for a subsequent vat leach campaign.
• This trial phase paves the way for near-term gold, aiming to unlock the full potential of the consolidated East Menzies tenement package.
• The East Menzies project is well-positioned for growth, with a strong pipeline of high-grade gold deposits and significant expansion opportunities.