Opportunity to acquire a historically significant package of gold projects supported by existing infrastructure and material Resource upside

The Receivers and Managers of Ashby Mining Limited and its subsidiaries (Subsidiaries) (Collectively Ashby or the Company) have appointed Argonaut PCF Limited (Argonaut) to assist with the potential sale of the Company’s associated projects (or such other arrangement to the satisfaction of the Company) (the Sales Process).

The Ashby Projects and interests includes the Far Fanning (OP) and Hadleigh Castle3 (OP & U/G) deposits, which host a combined Mineral Resource of 4.7Mt @ 2.5g/t Au for 395koz Au, recently refurbished Black Jack (360ktpa) Carbon-in-Pulp (CIP) processing facility (recent C&M) and further near/regional resource exploration targets (Far Fanning, Hadleigh Castle, and the Black Jack plant, collectively referred to as the Project).

The Project has similar geological terrain as nearby historic multimillion ounce deposits such as Pajingo, Ravenswood, Mt Leyshon, Mt Wright, and Charters Towers providing regional exploration upside for large scale gold targets.

 

Non-Binding Indicative Offers are being sought by 5:00 pm (AWST) Thursday, 26 September 2024

 

3. Assuming Hadleigh Castle production is delivered via the Tribute Mining Agreement (TMA) – TMA accessible in the data room.