Majestic Gold Corp. V.MJS

Alternate Symbol(s): MJGCF

Metals & Mining Gold

Majestic Gold Corp. is engaged in mineral resource exploration, development and extraction. It operates the Songjiagou open pit gold mine in the eastern Chinese province of Shandong. Songjiagou Gold Mine covers over 75.04 square kilometers in Muping, Yantai, Shandong Province, China. It has four separate tenements, including E36/918, E37/1334, E63/2110 (Kumarl) Tenement and E77/2817 (Moorine) Tenement. These tenements are located in Western Australia, an area with demonstrated potential for the discovery of lithium oxide mineralization. E36/918 tenement has been granted and consists of two blocks located 150 kilometers (km) North of Leonora, about 50 kms north of Leinster, along the east side of the Kathleen Valley. E37/1334 tenement has been granted and consists of six blocks located west of Leonora township, 200 kms North of Kalgoorlie and 700 kms northeast of Perth, in the Goldfields region. E77/2817 (Moorine) Tenement consists of eight blocks located 400 kms east of Perth.

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Majestic Gold Corp. > Resource Upgrade..Phase 1 scheduled to begin January 1 2023

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Comment by nozzpackon May 08, 2023 6:37am

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Post# 35435877

RE:Resource Upgrade..Phase 1 scheduled to begin January 1 2023

Upgrade our gold reserves to extend LoM through additional exploration activities at our existing mine area’’ in this document. More specifically, we plan to allocate as follows:

(a) phase 1 of additional 10 drillings

(b) phase 2 of additional 10 drillings

(c) phase 3 of additional 6 drillings

(d) professional fees for preparation of geological report and assessment

Total

HK$ million

[REDACTED] [REDACTED] [REDACTED] [REDACTED]

[REDACTED]

RMB million

[REDACTED] [REDACTED] [REDACTED] [REDACTED]

[REDACTED]

Amount of [REDACTED] from the [REDACTED]