Gold Road Mine, Arizona, USA

The Gold Road Mine is a fully equipped gold mining and processing operation located in the historic Oatman Mining District in Arizona.

Fully Integrated Gold Mining and Processing Operation

Restarted production in September 2025

Located in an established U.S. mining district
Processing capacity of ~500-600 tpd, expandable to 900 tpd
Near-term production 10,000 oz gold per year, with ramp up aspirations.
Inferred resource estimate from 2018 preliminary 43-101 of 214,000 oz 6,23 grams per ton, assuming a gold price of 1,250 USD per ounce. About 16,000 ounces mined since then.

The Gold Road Mine comprises a producing gold mine and processing facility with existing infrastructure and operational history. The project combines current production with exploration and development upside within a well-defined district.

The Only Operational Integrated Gold Mill and Mine in Arizona

A Historic US Mining District

The mine is located in the Oatman Mining District in northwestern Arizona, approximately 25 km from Bullhead City and 202 km from Las Vegas.

The region is a historic mining district with access to infrastructure and a long track record of gold production.

Gold Road Mine location map in northwestern Arizona

Operations

The mine restarted operations in September 2025 and is currently producing gold from both tailings and underground sources.

The Company is focused on ramping up production and improving operational efficiency through optimisation of existing infrastructure.

Infrastructure

The project includes a fully equipped processing plant with:

Crushing and grinding circuit
Carbon-in-pulp (CIP) processing
Electrowinning and refining (dore production)
Median gold recovery of approximately 86 %, higher for high grade material

The plant is permitted to process up to 900 tons per day.

From Infrastructure to District Expansion

A Phased Growth Strategy

100% owned infrastructure supporting low-risk production and scalable growth

Further Growth Opportunities

Processing Plant

100% owned and fully permitted processing plant, the only integrated mill in Arizona

Existing infrastructure capable of supporting near-term mine growth

No interest-bearing debt (post IPO)

Low-Risk Production

Production From Tom Reed Tailings

Low-risk gold production from residual tailings

Surface extraction with limited technical complexity

Immediate cash flow

Base Mine

Base Production From the Gold Road Mine

Established underground mining operations and production

746koz historical production

Currently mining the Remnant section

Optimization

Near-Mine Optimization and Growth at the Gold Road Mine

Several new sections accessible

Access to Eastern sections being opened through current mining

Go West, Parallel vein and Go Deep Section in the next wave

District Expansion

TRUE Vein

TRUE vein contains numerous opportunities

Possible to utilize current infrastructure

Initial focus on the Gap area

Underground Mine

The underground mine is developed with existing access through decline roads and drifts.

Multiple mining areas are available, with expansion potential both laterally and at depth.

The Company holds a significant portion of the mining rights in the district and is working towards further consolidation.

Development Potential

The project offers significant upside through:

Expansion of the resource base through drilling
Development of additional vein systems
Increased processing capacity
Consolidation of surrounding assets

Operational activities are conducted through the Company’s U.S.-based platform. Further operational details are available at: www.goldroadusa.com

History Timeline

1863
Early Development
Gold was first discovered in the Oatman Mining District in 1863, leading to extensive mining activity across the region and establishing it as one of the key gold districts in the southwestern United States.
1900 - 1940s
Gold Road Established and Early Production
The Gold Road vein was discovered around 1900, leading to the development of underground mining and processing operations. Production continued through the early decades of the 20th century, with periods of closure driven by low gold prices and operational constraints, before being halted during World War II.
1995 - 2015
Modern Infrastructure and Intermittent Operations
A modern processing plant and underground access were developed in the mid-1990s, enabling renewed production. Operations continued intermittently under various owners, with ongoing investments in infrastructure and mining development despite fluctuating gold prices.
2017 - 2022
Restart and Investment Phase
The project underwent significant reinvestment and redevelopment under successive owners, including plant upgrades, exploration drilling, and a ramp-up to commercial production, before operations were suspended during the COVID period.
2025
Present | Acquisition and Restart
Following the acquisition in May 2025, the current ownership group executed a rapid restart of the plant and mining operations, achieving first gold pour in October 2025 and resuming underground mining by year-end.
2026
Ongoing | Production Ramp-Up
The mine is currently ramping up production and optimising operations, with further potential for expansion through increased throughput and resource development.

Mine and District

Media & Presentation

Gold Road Project Overview

Site and operations overview

Operations & Site Footage

Site visit

Historical Gold Production. See Video Presentation.