Auriant Mining AB (publ.) publishes Q1 2024 operational update

Highlights:

• In Q1 2024, hard rock gold production amounted to 86.3 kg (2,774 oz), compared to 139.0 kg (4,469 oz) in Q1 2023, a decrease of 38%, or 52.7 kg (1,695 oz);
• Due to the seasonality of the operations at Staroverinskaya (Solcocon), there was no alluvial gold production in Q1;
• In Q1 2024, total gold sales amounted to 133.2 kg (4,282 oz), compared to 147.9 kg (4,755 oz) in Q1 2023, a decrease of 14.7 kg (473 oz), or 10%;
• 104,617 tonnes of ore with an average grade of 1.03 g/t were processed through the CIL plant;
• The CIL plant operated for 2,073 hours at a throughput rate of 50 tonnes (50) per working hour and achieved a recovery rate of 85% as budgeted. The budgeted recovery rate defined was lower than previously achieved due to the increased proportion of the heap leach tailings in the CIL feed;
• 16,170 tonnes of ore were mined in Q1 2024, compared to 21,290 tonnes in Q1 2023, a decrease of 5,130 tonnes or 24%. Stripping volume amounted to 622,400 m3 (173,300 m3, or 39% more than in Q1 2023);
• The average grade of processed ore in Q1 2024 was 1.03 g/t, compared to 1.54 g/t in Q1 2023, a decrease of 33%;

Overall, Q1 2024 production was in line with the Company’s production plan.

Total Gold Production

Production unit	3m 2024		3m 2023		Change
	kg	oz	kg	oz	kg	oz	%
Hard rock
Tardan (CIL)	86,3	2 774	139,0	4 469	-52,7	-1 695	-38%
Alluvial
Staroverinskaya	-	-	-	-	-	-
Total gold produced	86,3	2 774	139,0	4 469	-52,7	-1 695	-38%

Hard Rock Gold Production