Quarterly Activities/Appendix 5B Cash Flow Report
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Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
1
QUARTERLY HIGHLIGHTS Q3 CY26
Drilling commenced at Mt Wandoo after the end of the quarter.
Follow-up drilling planned at Copper Hills and Elizabeth Bluffs starting in November 2026
following very encouraging results during the quarter.
Maiden GG1 drilling results at Copper Hills Main Lode in July returned1:
o 5m at 131 g/t Ag, 1.05% Cu, 205 g/t In, 0.37% Sn, 9.1% Zn, 1.1% Pb from 102m in
CHC0031
GG1 rock chip pXRF and lab results returned during the quarter confirm gold, copper, silver and
tin mineralisation at Elizabeth Bluffs; Elizabeth Mine underground channel sample (historical
result) demonstrates potential for broad copper and tin mineralisation:
o 8.5m at 1.08% Cu and 0.22% Sn (true width)2
Drilling at Mt Gossan identified weathered mineralisation up to 27m thick.
Sentinel drill results returned individual assays up to 2.97 g/t Au1.
A 3,000m drill program is underway at Mt Wandoo to test resource extensions and improve
confidence in the existing gold resource.
Corporate
Drill-for-equity agreement with Centurion Drilling commenced, preserving cash while
maintaining exploration momentum
A renounceable rights issue launched during the quarter was completed after quarter-end,
raising approximately $729,000 before costs.
Quarterly Overview
Green & Gold Minerals advanced its key exploration prospects during the September quarter including
significant grade and thickness intersections in maiden drilling at Copper Hills. The Company is currently drilling
at Mt Wandoo, after which drilling is planned to test high-quality copper and silver targets at the Herberton
Conductor Metals Project.
ASX Announcement
30 October 2026
1 12 August 2026: High Grade Results Exceed Historic Drilling at Copper Hills
2 19 October 2026: Clarification Outstanding Copper-Silver-Tin at Elizabeth Bluffs. Investors, please see note on reliability of historic results on page 7
Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
2
The maiden GG1 drilling results from Copper Hills received during the quarter returned high-grade silver, indium
and base metal mineralisation at the Main Lode. Follow-up drilling is planned to commence in November to test
down dip of the recent high-grade drill intercepts.
Initial prospecting at Elizabeth Bluffs during the quarter identified that the 4km-long zone of faulting,
silicification and mineralisation is prospective for vein and breccia style copper, silver and tin mineralisation.
Drilling at the Elizabeth Mine is planned for November.
Two holes drilled at Mt Gossan during the quarter tested the outcropping breccia south of the Siberia Lode,
intersecting broad widths of mineralisation from surface. Weathering is interpreted to have redistributed some
metals in the near-surface environment and further testing is required in fresh rock. The Company is
encouraged by the mineralised widths encountered in drilling.
Subsequent to quarter-end, the Company commenced a 3,000m drill program at Mt Wandoo to test for
extensions and to infill the existing resource. Assays are expected to be returned from the end of November.
The Company launched a rights issue in September which completed after quarter-end, raising $728,502
before costs. The proceeds will be applied to drilling at the Mt Wandoo and Herberton projects.
Copper Hills Drilling
Results of six holes were returned from Copper Hills during the quarter, the first drilling at Copper Hills in 45
years and GG1’s maiden drilling campaign at the Herberton Conductor Metals project. The drilling tested the
resource potential of several targets beneath historical workings.
Drilling intersected high grade copper, silver, tin and indium mineralisation at the Copper Hills Main Lode
increasing grade and thickness above historic drill results, including first assays for tin and indium.
The results demonstrated resource potential at the Copper Hills Main Lode, identifying a wider halo to
mineralisation not reported in historical work. Highlight results, interpreted to be near true width include1:
5m at 131 g/t Ag, 1.05% Cu, 205 g/t In, 0.37% Sn, 9.1% Zn, 1.1% Pb from 102m in CHC003
o Including: 2m at 300 g/t Ag, 2.3% Cu, 421 g/t In, 0.91% Sn, 19.4% Zn, 2.3% Pb from 103m
6m at 67 g/t Ag, 0.46% Cu, 11 g/t In, 4.1% Zn, 2.7% Pb from 35m in CHC001
o Including: 2m at 120 g/t Ag, 1.2% Cu, 28 g/t In, 0.05% Sn, 10.6% Zn, 6.9% Pb from 35m
The CHC003 assays include an exceptional indium result of 205 g/t In over 5m along with strong silver, copper,
tin and zinc assays in the same interval.
The results returned true width intercepts of up to 6m with strong silver and base metal grades which justifies
further drilling. The Copper Hills Main Lode is currently defined over 250m of strike and is open in all directions
(Figures 1-3).
Drilling at Copper Hills is planned for November 2026 to extend mineralisation both down and up dip from the
thicker and higher grade intercepts obtained in drill holes CHC001 and CHC003.
1 12 August 2026: High Grade Results Exceed Historic Drilling at Copper Hills
Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
3
Figure 1 The Herberton Conductor Metals Project location showing prospects and nearby significant
deposit locations.
Figure 2 Copper Hills drill results1
1 12 August 2026: High Grade Results Exceed Historic Drilling at Copper Hills
Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
4
Elizabeth Bluffs
During the quarter, a review of historical exploration and mining reports, together with initial rock-chip
prospecting, identified the Elizabeth Bluffs trend as a large-scale exploration target.
The Elizabeth Bluffs (EB) trend comprises a prominent ridge of outcropping chert extending over 4km and up to
100m wide in places variously interpreted as both fault and hydrothermally derived by previous workers.
Numerous historical tin, copper, silver and gold workings occur within and adjacent to the chert horizon that
targeted both veins and vug/cavity style mineralisation (Figure 4).
The Elizabeth Mine which operated primarily for tin between the 1890s and 1960s is the most substantial
historical working along the Elizabeth Bluffs trend. Field verification of historical mine plans confirmed that
copper, silver and tin mineralisation occurs in northeast-striking veins that dip steeply northwest to subvertical,
within or proximal to the northwestern margin of the chert.
Historical reports from the 1930s record the smelting of two parcels of copper-silver ore with reported grades of
15% Cu, 684 g/t Ag and 15.5 g/t Au², supporting the presence of copper and silver as key exploration targets
within the system.
Historical drilling at Elizabeth Bluffs is encouraging, intersecting gold, copper, silver and tin mineralisation,
however the main line of lode was poorly tested. Despite this, two of the six holes drilled, DDH01 and DDH02,
returned significant intercepts, while EB02 intersected broad (over 60m), low-grade mineralisation (Figure 4).
Figure 3 Copper Hills Main Lode long section1
1 12 August 2026: High Grade Results Exceed Historic Drilling at Copper Hills
2 19 October 2026: Clarification Outstanding Copper-Silver-Tin at Elizabeth Bluffs. Investors, please see note on reliability of historic results on page 7
Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
5
Figure 4: The Elizabeth Bluffs trend showing prospect locations, historic mine shafts/pits, historic drilling and mapped
gossans. GDA2020 zone 55K.
DDH01 returned 9m at 3.0 g/t Au, 0.12% Sn, 0.1% Cu and 6 g/t Ag before terminating short of its target depth
(Reveleigh, 1983). Subsequent drilling from the same pad intersected broad widths of low-grade copper-silver-
tin-gold mineralisation with indium not assayed, however they are interpreted not to have intersected the main
structural target.
Face sampling from the mine by previous explorers at the Elizabeth Mine returned significant copper assays
alongside tin. A sample traverse collected by earlier explorers along the Elizabeth haulage adit where it crossed
the mineralised zone highlights the potential for mineralised widths suitable for modern mining, returning (Figure
5 and 6):
8.5m at 1.08% Cu and 0.22% Sn (true width)2.
GG1 rock-chip sampling pXRF results were reported during the quarter and additional laboratory assays are
reported here for the Elizabeth Mine. The results confirmed the presence Au, Ag, In and base metals not
routinely assayed in historic mine data which focussed on Sn and Cu.
The lab assays are very encouraging, confirming that Au and Ag, with peak values of 1.93 g/t Au and 1,020 g/t
Ag are present in sufficient concentrations to be target metals at Elizabeth Bluffs alongside Sn and Cu. High
grade Sn of up to 11% was returned in lab assays, exceeding the XRF results.
Drilling at Elizabeth Bluffs is planned for November targeting below the workings at the Elizabeth Mine.
2 19 October 2026: Clarification Outstanding Copper-Silver-Tin at Elizabeth Bluffs. Investors, please see note on reliability of historic results on page 7
Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
6
Figure 5: Historic mine workings at the Elizabeth Mine with underground sample traverses and GG1 portable XRF
results for Ag. GDA2020 zone 55K2.
Figure 6: Cross section along the adit on the haulage drive of the historic Elizabeth Mine, showing the location of an
historically reported sample traverse taken across the mineralised zone. Section looking northeast2.
2 19 October 2026: Clarification Outstanding Copper-Silver-Tin at Elizabeth Bluffs. Investors, please see note on reliability of historic results on page 7
Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
7
Table 1: Elizabeth Mine rock chip results for both lab assays and onsite XRF analysis.
Lab Assay2
XRF
Sample
Au
ppm
Ag
ppm
Sn Cu In
ppm
Pb As Reading Ag
ppm
Sn Cu In
ppm
Mo Pb As
GGEB001 0.01 1 0.01% 0.00% 3 0.0% 0.1% A <LOD 0.1% 0.0% <LOD <LOD 0.1% 0.1%
GGEB002 0.63 31 0.16% 0.09% 22 0.0% 0.2% A <LOD 0.0% 3.7% 37 <LOD 0.0% 0.1%
GGEB003 0.32 33 11.05% 0.19% 72 0.4% 4.6%
A <LOD 0.3% 0.0% <LOD <LOD 0.1% 6.2%
B <LOD 1.2% 0.3% <LOD 0.00% 0.1% 1.1%
GGEB004 0.21 94 0.50% 0.15% 18 0.1% 0.4%
A <LOD 0.1% 0.0% <LOD <LOD 0.0% 0.1%
B <LOD 0.2% 0.0% <LOD <LOD 0.0% 0.1%
C <LOD 0.4% 0.0% <LOD <LOD 0.0% 0.2%
GGEB005 0.70 16 0.06% 0.16% 30 5.1% 2.1%
A <LOD 0.0% 0.0% <LOD 0.00% 1.9% 0.6%
B <LOD 0.0% 0.1% <LOD <LOD 1.2% 0.7%
GGEB006 0.09 21 0.05% 0.04% 5 0.0% 0.2% A 45 0.0% 0.1% <LOD 0.00% 0.0% 0.2%
GGEB007 1.93 1020 9.22% 0.58% 239 0.9% 2.0% A 225 4.4% 0.1% 155 0.00% 0.5% 0.4%
GGEB008 0.15 41 0.16% 0.12% 43 0.4% 0.4%
A <LOD 0.2% 0.1% 53 0.01% 1.2% 0.4%
B <LOD 5.2% 0.0% 83 0.00% 0.2% 0.1%
GGEB009 0.08 17 0.38% 0.04% 13 0.1% 0.1%
A 48 0.0% 0.0% <LOD <LOD 0.0% 0.0%
B <LOD 0.3% 0.0% 34 <LOD 0.0% 0.0%
GGEB010 0.45 206 2.03% 0.88% 52 0.1% 0.5%
A 199 0.9% 0.5% 52 0.44% 0.0% 0.3%
B 82 0.2% 0.1% 30 0.17% 0.1% 0.1%
GGEB011 0.06 54 0.05% 0.04% 11 0.0% 0.3% A 684 0.0% 0.0% <LOD <LOD 0.0% 2.2%
Table 2: Elizabeth Mine rock chip locations.
Sample ID Easting (GDA2020, Zone 55) Northing (GDA2020, Zone 55) location
GGEB001 295,941 8,070,865 mine dump
GGEB002 295,941 8,070,854 in situ mine vein wall
GGEB003 295,952 8,070,865 mine dump
GGEB004 295,920 8,070,854 in situ mine vein selvage
GGEB005 295,931 8,070,843 in situ vein selvage
GGEB006 296,015 8,070,932 in situ vein in massive chert
GGEB007 296,015 8,070,899 mine dump
GGEB008 295,983 8,070,899 in situ Thelma shaft pillar
GGEB009 296,047 8,070,877 mine dump
GGEB010 296,047 8,070,866 mine dump
GGEB011 296,026 8,070,888 mine dump
Note to Investors Regarding the Reliability of Historic Elizabeth Bluffs Sampling Results
Open file historic face sampling data taken from historic detailed mine plans has been included to indicate
potential width of mineralisation and metals present. Investors should be aware that although the quantum of
metals present is consistent in two phases of historic sampling by different companies, the sample and assay
techniques cannot be verified. The historical results reported in this announcement are derived from historical
reports and mine plans, some aspects of which cannot be independently verified.
GG1 and its Competent Person considers the reported assays to be reliable indicators of the presence of
significant grades of copper and tin, as multiple historical sampling programs conducted by different companies
Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
8
reported comparable grades from various parts of the Elizabeth Mine. This confidence is further supported by
GG1's own rock-chip sampling and portable XRF results, which confirmed anomalous to high-grade copper and
tin mineralisation and observations of copper mineralisation recorded on plans and through personal
communication from a former miner at Elizabeth.
GG1 considers the reported locations and widths of the historical traverses including the mineralised zone at the
sample traverse at the end of the haulage adit to be reliable. These details were clearly recorded on mine plans,
in some cases prepared by more than one operator, and the mine plan geometry has been validated by GG1
through field inspections. Confidence in the location of the mineralised zone relative to the historical sample
location is further supported by geological mapping and documentation by multiple previous explorers.
Historical reports did not include information regarding assay methodologies, whether assays were total or
partial digests, sampling techniques, sample security, or quality assurance and quality control (QA/QC)
procedures. Accordingly, GG1 considers these historical sampling results unsuitable for use in any future
Mineral Resource Estimate. In addition, investors should be aware that sample traverses are a less accurate
method of measuring the average grade of mineralisation than a drill intersection, as sample recovery from a
traverse may vary along the traverse. The reported sample traverse should not be interpreted to represent the
average grade or infer continuity of mineralisation across the length of the mineralised trend.
Mt Gossan Drilling
Two holes were drilled at Mt Gossan during the quarter to test the outcropping Mt Gossan breccia. The assay
results were received and reported after the end of quarter.
Both holes intersected a broad zone of mineralisation from surface in weathered rock where copper is expected
to be depleted. The shallow depth of intersection indicates that the outcropping mineralisation dips shallowly to
the north, similar to the Siberia Lode which lies parallel to and above the Mt Gossan mineralisation.
Figure 7 Cross section through drill hole MGC002 showing the interpreted mineralised structures and the magnetic
inversion (MVI) 3.1x10-4 SI iso-surface.
Quarterly Report Q3 CY26
30 October 2026
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ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
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Both holes intersected broad zones of weathered mineralisation from surface, returning3:
MGC002: 11m at 10.4 g/t Ag, 0.20% Sn, 0.14 g/t Au, 15.7 g/t In, 0.05% Cu and 0.1% Pb from 0m,
including
o 1m at 0.77 g/t Au, 1.7% Sn, 34 g/t Ag, 0.2% Cu, 101 g/t In, 0.9% Pb from 2m
MGC001: 27m at 2.4 g/t Ag, 0.06% Cu and 4.4 g/t In from 0m
The drill intercepts are interpreted to be approximately true width. The Mt Gossan mineralisation is interpreted to
lie 14m below the Siberia Lode in MGC001 and 22m below in MGC002. This newly identified parallel zone
returned anomalous metal values over broader widths than the Siberia Lode, enhancing the exploration potential
of the Mt Gossan system (Figure 7).
The Mt Gossan and Siberia vein system is extensive at over 5km long, and reprocessing of magnetic data,
radiometric data and surface prospecting is ongoing to identify potential feeder zones and thickening of
mineralisation.
Sentinel Drilling
Drill results were received during the quarter for two holes drilling at the Sentinel gold prospect at Chillagoe. Drill
hole RDR004 intersected four narrow gold bearing intervals coincident with Bi and Te anomalism, returning the
best results of 1m at 2.97g/t Au from 32m in RDR004 (Figure 8).
Figure 8 Sentinel gold prospect (Chillagoe) cross section through recently reported results.
3 12 October 2026: ASX:GG1 - Mt Wandoo and Herberton Drilling Update
Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
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Drilling Commencement at Mt Wandoo
Drilling commenced at Mt Wandoo after end of quarter with an RC rig drilling extensional and infill holes at Mt
Wandoo, North Wandoo and Little Wandoo. First assay results are expected around the end of November.
Drilling with a track mounted rig is planned to commence in November at Copper Hills and then Elizabeth Bluffs
before returning to Mt Wandoo to complete the gold focussed drill program.
Figure 9 Drilling underway at Mt Wandoo, 3 October 2026.
Corporate
Cash at bank at the end of quarter was $2,268,000.
A renounceable rights issue capital raise was initiated during the quarter and closed subsequent to end of
quarter, raising $728,502 (before costs).
Payments to Related Parties
A total of $139k was paid to related parties for the Managing Director’s Salary and Directors fees.
Payments for exploration and evaluation expenditure
$0.253 million was spent on exploration and evaluation during the quarter.
Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
11
Tenement information
The Company’s tenement interests as of 30 September 2026 are shown below.
Green & Gold Minerals hold 100% interest in all the tenements listed.
Other Corporate
In accordance with ASX Listing Rule 5.3.4, GG1 provides the following disclosure regarding the comparison of
actual expenditure to date against the ‘Use of Funds’ statement in its prospectus dated 8 July 2025.
Use of funds As Per Prospectus
(Over 2 years)
$’000
Use of funds to 30
September 2026
$’000
Exploration & Studies 4,128 1,910
Working capital 1,260 1,027
Expenses of the Offer and Lead Manager fees 640 549
Total 6,028 3,486
This announcement was approved for release by the Board of Directors.
Tenement
ID
Type
Sub-
Blocks
Grant Date Expiry Date Status Authorised Holder name
ML5130 Mining Lease N/A 19/07/1984 13/07/2026 In renewal Wandoo Tenements Pty Ltd
ML20381 Mining Lease N/A 11/03/2004 31/03/2025 In renewal Wandoo Tenements Pty Ltd
ML20234 Mining Lease N/A 24/04/2003 30/04/2027 Granted Wandoo Tenements Pty Ltd
EPM25870 EPM 1 01/12/2015 30/11/2027 Granted Wandoo Tenements Pty Ltd
EPM25927 EPM 12 28/01/2016 27/01/2031 granted Wandoo Tenements Pty Ltd
EPM25937 EPM 9 07/07/2017 06/09/2027 Granted Wandoo Tenements Pty Ltd
EPM26211 EPM 5 27/10/2016 26/10/2026 Granted Wandoo Tenements Pty Ltd
EPM26507 EPM 4 06/10/2017 06/10/2030 Granted Wandoo Tenements Pty Ltd
EPM27037 EPM 4 04/04/2019 03/04/2029 Granted Wandoo Tenements Pty Ltd
EPM28000 EPM 29 16/05/2022 15/05/2027 Granted Wandoo Tenements Pty Ltd
EPM28107 EPM 8 13/01/2022 12/01/2027 Granted Wandoo Tenements Pty Ltd
EPM27983 EPM 3 17/01/2022 16/01/2027 Granted Wandoo Tenements Pty Ltd
EPM27232 EPM 17 24/11/2025 23/11/2030 Granted Burlington Mining Pty Ltd
EPM27229 EPM 9 24/11/2025 23/11/2030 Granted Burlington Mining Pty Ltd
Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
12
About the Herberton Conductor Metals Project:
Situated in a prolific historic mining area located
100km west of Cairns, QLD, the project lies within the
Cu-Ag-Sn-In metal zone, elements that are leveraged
to future facing electrification and AI data centre
metal demand. The tenements are underexplored in
the modern era and have high discovery potential.
The Company plans to emulate the success of
neighbouring explorers that have recently delineated
large resources from the prolific mineral occurrences
found across this region.
About the Chillagoe Gold Project:
The Company is accelerating the exploration and
development of its Chillagoe Gold Project, located
25km northwest of Chillagoe in North Queensland,
adjacent to the significant Red Dome and Mungana
gold mines.
The project contains an Inferred Resource of 32koz Au
at 1.1g/t and 387koz Ag at 13 g/t within granted
mining leases at Wandoo (Table 1).
The Company has a dual focus of extending the
Wandoo resource in preparation for mining studies,
while exploring for new discoveries in the Mungana
porphyry cluster.
Mineral Resource Estimates
Deposit Category Resource Estimate Contained Metal
Area Lower Cut g/t Au Tonnes Au g/t Ag g/t Ounces Au Ounces Ag
Mt Wandoo Inferred 0.3 905,000 1.11 13 32,430 387,520
The information in this report that relates to the Mineral Resource Estimate was first reported in the Company's Prospectus
dated 8 July 2025 and is available to view on the Company's website and the ASX platform. The Company confirms that it is
not aware of any new information or data that materially affects the information included in the original announcement and
that all material assumptions and technical parameters underpinning the Mineral Resource Estimate continue to apply and
have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are
presented have not been materially modified from the original market announcement.
Green & Gold Minerals have not yet defined Mineral Reserves.
Table 1 - JORC (2012) Inferred Resource estimate for Mt Wandoo
Quarterly Report Q3 CY26
30 October 2026
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ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
13
COMPETENT PERSON’S STATEMENT
The information in this Announcement that relates to Exploration Targets and Exploration Results is based upon work
undertaken by Mr Quentin Hill who is a Member of the Australasian Institute of Geoscientists (AIG). Mr Hill has sufficient
experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he
is undertaking to qualify as a ‘Competent Person’ as defined in the 2012 Edition of the ‘Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr Hill is an employee of Green & Gold Minerals and
consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.
The information that relates to Mineral Resources is based on information compiled by Dean O’Keefe, a Fellow of the
Australasian Institute of Mining and Metallurgy and was previously reported by the Company in its Prospectus, a copy of which
is available on the Company’s website at https://www.greengoldminerals.com.au/investors/asx-announcements/. The
Company is not aware of any new information or data that materially affects the information included in this announcement
and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not
materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented
have not been materially modified from the original market announcement.
FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements that are subject to risk factors associated with mineral exploration,
mining and business activities. Forward-looking statements include, but are not limited to, statements concerning the timing
and success of exploration activities, geological interpretations, potential mineralisation, future production goals, funding
requirements, project development plans and market conditions. These statements are based on current expectations,
assumptions and forecasts and involve known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to differ materially from those expressed or implied in such statements.
Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and
contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied
in any forward-looking information, including risks relating to exploration results, commodity price fluctuations, changes in
government policy, environmental risks, operational risks, financing availability and general economic conditions.
There can be no assurance that exploration activities will result in the definition of a mineral resource or that any identified
mineralisation will prove to be economically recoverable. Investors are cautioned not to place undue reliance on forward-
looking statements. Except as required by applicable law or the ASX Listing Rules, the Company does not undertake any
obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this
announcement.
Quarterly Report Q3 CY26
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greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
14
JORC Table 1
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling
techniques
• Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised industry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as
limiting the broad meaning of sampling.
• Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any measurement
tools or systems used.
• Aspects of the determination of
mineralisation that are Material to the Public
Report.
• In cases where ‘industry standard’ work has
been done this would be relatively simple.
• GG1 rock chip sampling: samples were selected from material on the
mine dumps, walls of old workings and from outcropping gossans.
Samples were selected to best identify metals present in the mineralised
structures.
Drilling
techniques
• Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (eg core diameter,
triple or standard tube, depth of diamond
tails, face-sampling bit or other type, whether
core is oriented and if so, by what method,
etc).
• No new drilling was conducted. For details relating to historic drill results,
see ASX announcement 4 Feb 2026: Future Facing Metals Acquisition Ag-Cu-
Sn-Au-In
Drill sample
recovery
• Method of recording and assessing core and
chip sample recoveries and results assessed.
• Measures taken to maximise sample recovery
and ensure representative nature of the
samples.
• Whether a relationship exists between sample
recovery and grade and whether sample bias
may have occurred due to preferential
loss/gain of fine/coarse material.
• No new drilling conducted
Logging • Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.
• Whether logging is qualitative or quantitative
in nature. Core (or costean, channel, etc)
photography.
• The total length and percentage of the
relevant intersections logged.
• No new logging undertaken
Sub-
sampling
techniques
and sample
preparation
• If core, whether cut or sawn and whether
quarter, half or all core taken.
• If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.
• For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
• Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
• Measures taken to ensure that the sampling
is representative of the in situ material
collected, including for instance results for
field duplicate/second-half sampling.
• Whether sample sizes are appropriate to the
grain size of the material being sampled.
• Sub sampling was not undertaken
Quality of
assay data
and
laboratory
tests
• The nature, quality and appropriateness of
the assaying and laboratory procedures used
and whether the technique is considered
partial or total.
• For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the analysis
including instrument make and model,
• Rock chips were assayed by 4 acid digest mass spectrometry for all
elements except gold which was subject to fire assay. Samples that were
over the maximum reporting threshold for 4 acid MS method (Ag:
500ppm, As 1%, Cu 4%, Pb 1%, S 10%, Sn 0.2%, W 0.2%, Zn 2%) were re-
assayed by FP1 fusion. 4 acid digest is a total assay for most metallic
elements except Sn which can be resistant to dissolution in acid. The FP1
re-assays are a total assay for all elements. Assays stated in this
Quarterly Report Q3 CY26
30 October 2026
greengoldminerals.com.au
ASX Code: GG1
Managing Director: Quentin Hill qhill@greengoldminerals.com.au
15
Criteria JORC Code explanation Commentary
reading times, calibrations factors applied
and their derivation, etc.
• Nature of quality control procedures adopted
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