The Kurmuk Mine is a cornerstone of Allied’s production and cash flow growth, delivering a significant increase in production at attractive operating costs while enhancing the scale, quality, and longevity of the company’s portfolio.
Mining and stockpiles on plan. Mining continues to progress well, with mining grades in line with expectations. Ore stockpiles are close to the planned level of approximately three months of plant feed ahead of the November ramp-up.
Crushing and supporting infrastructure complete. The crushing circuit is operating well, and the crushed ore stockpile continues to build, providing operational flexibility for a smooth ramp-up. Process support systems and infrastructure are complete.
Wet commissioning underway. Water transfer from the main water storage dam into the processing plant has commenced, allowing the processing circuits to be progressively wet-commissioned and tested ahead of ore feed. SAG mill and ball mill drives are energised, with testing and commissioning nearing completion.
Ore feed and first gold. Ore is expected to be introduced into the circuit this week with first gold targeted soon thereafter. Mine and plant infrastructure is complete including the water storage facility, tailings storage facility, main access road, and mining service areas, among others, supporting readiness for production ramp-up toward commercial production this year and strong first quarter and full year production next year.
Ramp-up production outlook. Production is expected to increase through November and December, with total production of between 25 000 – 35 000 gold ounces and commercial production expected during this period. Production in 1Q27 is expected to increase sequentially month over month, with quarterly production of 55 000 – 65 000 gold ounces and a monthly average production of approximately 20 000 gold ounces.
Production outlook. Production guidance for 2027 remains in the range of 240 000 – 270 000 gold ounces, with the production outlook of approximately 300 000 gold ounces in 2028. For the first four full years of operations, average annual production is expected to be approximately 300 000 gold ounces.
Exploration advancing toward a longer production profile. Recent exploration results at Ashashire, Dish Mountain and the Tsenge Trend, reported on 6 October 2026, continue to advance the objective of sustaining average annual production of approximately 300 000 gold ounces beyond the initial first four years of operations, as well as increasing mine life and overall mineral inventory.
Agreement with local stakeholders. The company has reached an agreement with local stakeholders, including artisanal miners active in certain parts of the exploration licences, to advance exploration cooperatively into new prospective areas while supporting local communities. This agreement is expected to drive the advancement of new targets across the broader Kurmuk property and contribute to the Company's longer-term objectives for mineral inventory growth and mine life extension. Together, the ongoing exploration programme within the mining licence area and expanded access to prospective areas support Allied's objective of establishing Kurmuk as a long-life gold mining operation with strong, sustained annual production at attractive operating costs.
