Mako Mining Strengthens Its Growth Story with an Updated Resource Estimate at the Moss Mine

has announced a significant update to the Mineral Resource Estimate (MRE) for its wholly owned , located in the historic mining region of . This updated estimate represents a major milestone for the company, reinforcing the Moss Mine’s position as a long-life, low-cost gold and silver operation with meaningful exploration upside.

The newly released MRE reflects extensive drilling, refined geological modeling, and improved data interpretation. As a result, the Moss Mine now demonstrates increased confidence in its mineral inventory, improved resource classification, and enhanced economic potential. This update aligns with Mako Mining’s broader strategy of disciplined growth, operational efficiency, and shareholder value creation.

Overview of the Moss Mine Operation

The Moss Mine is an open-pit gold and silver mine situated near Bullhead City, Arizona, a region well known for its long mining history and supportive infrastructure. The mine benefits from excellent access to power, water, skilled labor, and transportation routes, which together contribute to its efficient and cost-effective operations.

Since acquiring the Moss Mine, Mako Mining has focused on optimizing production, expanding known mineralization, and extending the mine life through systematic exploration. The updated Mineral Resource Estimate is a direct outcome of this focused approach.

Details of the Updated Mineral Resource Estimate

The updated MRE incorporates thousands of meters of new drilling completed across the Moss Mine property. These drill programs targeted both infill and expansion areas, aiming to improve confidence in existing resources while identifying new zones of mineralization.

As a result of this work, the updated estimate shows:

• Improved resource classification with a higher proportion of Measured and Indicated resources
• Expanded mineralized zones along strike and at depth
• Enhanced geological understanding of gold and silver distribution
• Greater confidence in mine planning and long-term production forecasts

This updated resource base provides a strong foundation for future mine planning, potential reserve growth, and economic optimization studies.

Geological Significance and Exploration Upside

The Moss Mine is hosted within favorable volcanic and sedimentary rock sequences that are known to host epithermal gold and silver mineralization. The updated geological model highlights continuity of mineralization and confirms that gold-bearing structures remain open in multiple directions.

Importantly, several target areas outside the current pit design remain underexplored. These areas present strong potential for future discoveries, offering Mako Mining opportunities to further grow the resource base through additional drilling campaigns.

Key Exploration Highlights

Exploration success at the Moss Mine is driven by:

• High-quality historical data combined with modern drilling techniques
• Advanced 3D geological modeling
• Systematic infill drilling to reduce geological risk
• Step-out drilling targeting extensions of known mineralization

These efforts significantly reduce uncertainty and enhance the long-term development potential of the mine.

Operational and Economic Implications

The updated Mineral Resource Estimate has meaningful implications for the Moss Mine’s operational future. A larger and more confident resource base allows for improved mine sequencing, better grade control, and enhanced production scheduling.

From an economic perspective, the updated MRE supports:

• Extended mine life
• Potential increases in annual gold and silver production
• Lower unit operating costs through optimized mine planning
• Improved project economics and cash flow visibility

These factors collectively strengthen Mako Mining’s ability to generate sustainable free cash flow while maintaining a conservative cost structure.

Strategic Importance for Mako Mining

For Mako Mining, the Moss Mine is a cornerstone asset. The updated resource estimate underscores management’s technical expertise and disciplined execution strategy. By continuously investing in exploration and data quality, the company is positioning itself for long-term success in a competitive mining environment.

This update also enhances Mako Mining’s attractiveness to investors seeking exposure to precious metals through a producer with strong operational control, jurisdictional safety, and organic growth potential.

Environmental, Social, and Regulatory Considerations

Operating in Arizona provides Mako Mining with a stable regulatory framework and a well-established permitting process. The company continues to emphasize responsible mining practices, environmental stewardship, and community engagement at the Moss Mine.

Key ESG commitments include:

• Compliance with all state and federal environmental regulations
• Water and energy efficiency initiatives
• Local employment and economic contribution
• Ongoing reclamation planning

These efforts help ensure that the Moss Mine operates sustainably while delivering long-term benefits to stakeholders.

Outlook for Gold and Silver Markets

The updated MRE comes at a time when gold and silver continue to play an important role as strategic and investment metals. Global economic uncertainty, inflation concerns, and central bank demand have supported strong long-term fundamentals for precious metals.

With a strengthened resource base at the Moss Mine, Mako Mining is well positioned to benefit from favorable market conditions while maintaining flexibility to adapt to price fluctuations.

Future Plans and Next Steps

Following the updated Mineral Resource Estimate, Mako Mining plans to:

• Continue targeted exploration drilling
• Optimize mine planning and pit designs
• Evaluate opportunities to convert resources into reserves
• Assess potential production expansions

These initiatives aim to further unlock value at the Moss Mine and support the company’s long-term growth objectives.

Conclusion: A Stronger Foundation for Sustainable Growth

The updated Mineral Resource Estimate for the Moss Mine marks a pivotal achievement for Mako Mining. It validates years of disciplined exploration and operational focus, while significantly enhancing confidence in the mine’s long-term potential.

With a robust resource base, favorable jurisdiction, and experienced management team, Mako Mining is well positioned to continue delivering value from the Moss Mine in Arizona. This update not only strengthens the company’s current operations but also sets the stage for future growth and exploration success.

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