Timeline of the project

Completed Steps

• Preliminary Economic Assessment (PEA) completed in 2019

• Pre-Feasibility Study completed in 2020

• Advanced Value Engineering in 2022

• Construction of the mine access road commenced 2023 and was completed in October 2024

• An application for the updating of the environmental and water management permit was submitted in April 2023. The decision from the permit authority is expected in June 2025

Next Steps

• The project is currently being taken through to DFS development stage and is being designed as the mine of the future, positioning Suhanko as a low-cost and sustainable operation

• The objective is to commence construction of the mine in 2026