• Cabral Gold’s phase one heap leach operation at Cuiu Cuiu, Northern Brazil is more than 70% complete with commissioning scheduled for Q3 2026 and commercial production targeted for Q4 2026.
• Infill drilling across roughly 160 holes is largely confirming the resource model underpinning the 2025 PFS with one standout intercept of 25 metres at 7.5 g/t gold from surface.
• The company financed construction with an approximately $45 million gold loan from its largest shareholder carrying a 39-month term and 10% interest rate with repayments beginning at the end of 2026.
• Management estimates a margin of approximately $3,000 per ounce at current gold prices, with projected year-one production of 25,000 ounces.
• A separate exploration team is running six drill rigs in parallel with construction, targeting an updated hard rock resource by year end across what is now six (potentially seven) known gold deposits, up from three in 2022.

Cabral Gold is advancing its first mine, a phase one heap leach operation, within the Cuiu Cuiu gold district in northern Brazil. CEO Alan Carter provided updates on construction progress, drilling results, and financing structure in a discussion covering the company’s near-term path to production and its longer-term district-scale exploration strategy. The company describes its approach as controlling an entire gold district, distinguishing it from junior miners that rely on repeated equity raises to fund incremental drill programs. With construction well advanced and a gold loan in place funding it, the company is positioning phase one cash flow to support a larger phase two hard rock development…

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