The 100%-owned Pedra Branca Gold Project in Ceará State, Brazil spans over 50,000 hectares across a 50 km prospective trend with 13 identified targets — only three of which have been drilled to date.

The maiden Inferred resource of 180,000 oz Au at 1.38 g/t starts at surface — trenching cut resource-grade gold at 0m — with the deepest drill hole reaching only 201m. Comparable orogenic gold deposits in greenstone belts are routinely mined at depths of 2–3 km.

A fully funded Phase III drill program (5,000m) is underway — drilling since April 2026, first results announced June 30, 2026 — the first exploration news flow in over three years. The 2021 Pedra Branca Inferred Mineral Resource estimate used a gold price assumption of US$1,800/oz.