Maritime Resources Corp V.MAE

Nuggett Pond Mill under Consideration for Resumption

[nozzpack]

As I stated earlier, the gold circuit at the Nuggett Pond Mill  is in good share , so with a modest amount of surplus equipment from the Pine Cove Mill , they are considering resuming production this year to increase recoveries .

They will resume production of Stoger Tight this year once a modest amount of definition drilling is done to spatially define the higher grade ore .

So, with Fines being processed largely at Nuggett Pond and Stoger Tight being used to keep Pine Cove busy, we are in an excellent position to benefit from robust cash flows in 2024 ,that open other opportunities as they arise with both mills in operational status..

[nozzpack]

Part of the business plan of Maritime was to look for a low capital, high margin opportunity to get to cash flow quickly, utilizing what was available locally. We are now seeing that at the Pine Cove mill using high grade fines from the wash plant of the Aggregates plant and the tailings pond.   It looks like they are using the same fines/ tailings resource of the permitted tailings pond

[MAKEITBACK]

Hopefully it means no more dilution!