Maritime Resources Corp V.MAE

RE:Outstanding Update..We are now officially a Gold Producer

[nozzpack]

I was spot on that 45000 tons have been processed assuming all went well....and it did.

First dore of 350 ounces..about $1,6 million cad enroute for smelting and another in the oven.

But very very significantly .....

"To support the optimization of the mill for Hammerdown feed, the Company has purchased a complete regrind mill equipment package, including 2 x Metso 185 kilowatt ("kW") SMD regrind mills, to replace the existing 112 kW regrind mill that is nearing the end of its useful life.

This equipment will provide the necessary power to achieve the fine grinding sizes necessary for Hammerdown feed, achieving the high leaching recoveries while also enabling additional capacity for any future expansion. Installation is expected by mid summer 2025.

An investment into the mill's material handling system is planned to ensure safe and efficient storage and transfer of -12mm crushed feed received from Hammerdown into the Pine Cove grinding circuit."

This means that the high grade HD ore can then be routinely processed, progressively increasing our milling rate above 700 tpd as milling resukts confirm the grinders ability to process high grade ore.

At 1300 tpd, our early production from the high grade starter pit will close to double the annual rate 50,000 ounces per year assuming a grade of 6.5 grams per ton which my calculations show as doable.

Dundee wanted early and highest possible production rates for its conversion to robust cash flows ...and will now get it..