Gold Port Advances Access Strategy at Groete Gold Copper Project

Gold Port Corporation has announced a strategic shift in its approach to developing access infrastructure at the Groete Gold Copper Project in Guyana, moving away from contractor-based construction to an owner-operated model. The company will purchase heavy equipment including an excavator to complete approximately 13 kilometers of dirt road access, along with necessary bridge and drainage construction, using existing company staff rather than external contractors.

This pivot represents a cost and time-effective solution after experiencing delays and issues with previously announced contractor arrangements. The newly acquired heavy equipment will serve dual purposes, supporting both the immediate infrastructure development and the subsequent drill program planned for the site. Once road access is completed, the company will restructure its camp using a company-owned modular system currently stored in Guyana and deploy a Company-owned MP Explorer track-mounted core rig to initiate drilling operations.

The Groete Gold Copper Project represents a significant asset for Gold Port, featuring an inferred mineral resource of 1.57 million gold equivalent ounces within 74 million tonnes at 0.66 grams per tonne gold copper equivalent, established through historical work completed in 2012. The company's current strategic focus centers on enhancing this NI 43-101 inferred resource to a higher classification while potentially expanding the total mineral inventory through systematic exploration.

This infrastructure development marks a critical milestone in advancing the project toward active exploration, with the integrated approach of combining access development with drill program preparation potentially accelerating the timeline for resource expansion activities. The decision to bring operations in-house demonstrates management's commitment to controlling project timelines and costs while building operational capabilities that will benefit future development phases.