Golden Horse Minerals Limited announced the commencement of mining, processing stockpile material from the historical Pilot Gold Mine at the Marvel Lock Mill. The Company reported the completion of these activities and provides the following production update. Approximately 35,600 tonnes of stockpile material was processed with the ore returning a head grade of 1.63g/t Au ­ slightly outperforming historical operations which typically returned grades around 1.5g/t Au.

Processing occurred as expected under standard operating procedures, demonstrating the quality and consistency of mineralisation within the Southern Cross Greenstone Belt. Processing of the Pilot stockpile has delivered total revenues of approximately AUD 4.5 million. These funds strengthen Golden Horse's balance sheet, facilitating further consolidation activity within the Fraser Shear Zone and also emphasise the Company's ability to execute its plans and monetise assets.