• Abcourt Mines (“ABI,” or “Company”) poured its first doré bar at its Sleeping Giant (SG) Mine & Mill in early April this year. This marks a key milestone for the company, which can now continue generating cash flow from its gold mining and processing activities. • Near-Term Production Growth: With all the above and underground infrastructure at the mine now operational, ABI can focus on increasing gold production. We expect ABI to produce 1.5koz monthly (18koz annually within 12 months) and potentially reach 30koz of annual production within 12-24 months. If the ramp-up is successful, the company should generate significant cash flows going forward. • Effective Management Team: Since our last report and site visit, ABI has successfully extracted the first gold at its facilities, improved the company's financial position, and continues to wisely and effectively deploy capital to grow production at the Sleeping Giant Mine within the stated timelines.