Q1 as planned The Company continues work on Phase 2 of the Songjiagou Open-Pit Mine expansion program with the expectation of completion during Q2 of FY2023;
The decrease in both the gold grade and quantity mined for the current period can be attributed to ongoing work of completing Phase 2 of the open pit expansion and its related stripping. As the pit expansion process has limited accessibility of higher-grade ore as well as mobility within the open-pit, the Company has used lower grade ore from the stockpile and blended it with current mined ore during the current period. The Company anticipates the gold grade and mining volume will revert to previous levels during Q2 of 2023 as it completes Phase 2 of the open-pit expansion.