Valiant Gold

Several deposits and mining fronts offer clear opportunities for staged restart and growth.

Multiple Development Pathways

A 890koz* Mineral Resource provides a strong foundation to support future development and production.

Large-Scale Resource Base

A 5km mineralised system with limited deep drilling presents strong potential to expand the resource.

Significant Exploration Upside

Reedy Gold Project

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Work programs are focused on advancing the project toward potential restart. Planned activities include resource definition drilling and mining studies, with near-term opportunities identified at South Emu–Triton and Boomerang. Open pit cutback potential, particularly at Boomerang–Kurara, is also being assessed. 

Reedy is strategically located approximately 30km from the Meekatharra processing hub and 32km from Cue, supporting access to existing infrastructure and a potential lower capital pathway to development.

*Refer to the Company's Prospectus dated 16 February 2026, as amended by the Supplementary Prospectus dated 20 February 2026, for further information regarding the Mineral Resource estimate

With a mining history dating back to the early 1900s, Reedy has produced more than 820,000 ounces of gold from a combination of open pit and underground operations.

Mining has occurred across multiple deposits developed along several mineralised corridors, reflecting the scale and continuity of the system.

The project sits on existing Mining Leases within an established mining district and is supported by extensive historical drilling, mining and exploration data generated over decades of activity.

As at December 2025, the Reedy Project hosts a Mineral Resource of 11.5Mt at 2.40g/t gold for 890,000 ounces*. The resource spans multiple deposits, including South Emu, Triton, Rand, Jack Ryan and Boomerang–Kurara, providing a broad and well-defined mineral inventory. 

The project covers a mineralised system extending over approximately 5km of strike, with limited deep drilling completed. Multiple mineralised corridors along this trend highlight the potential to expand the resource and further define mineralisation at depth.

The Reedy Project is a large, brownfields gold asset located in the heart of the Murchison Goldfield in Western Australia, positioned approximately halfway between Cue and Meekatharra. Situated on granted Mining Leases and supported by existing regional infrastructure, the project presents a combination of established production history, defined resources and clear development potential. 