Mt Malcolm Mines NL has reported robust drill results from its recent reverse circulation campaign at the Golden Crown prospect in the Eastern Goldfields of Western Australia. The 800‐metre campaign, which completed eight RC drillholes in late May 2025, revealed multiple near-surface gold mineralisation zones. Highlights include an intercept of 11 metres averaging 3.13 g/t gold from a shallow depth of 6 metres, with a high-grade section recording 11.00 g/t gold over 3 metres and a peak reading of 30.77 g/t gold within a 1-metre interval. Another drillhole returned 12 metres averaging 2.15 g/t gold with near-surface readings later in the hole further supporting the continuity of the Western Lode, a focal area of the project. The drilling program was designed with scissor holes to optimize geological interpretation and delineate extensions of the known high-grade system along strike and down-plunge. Seven of the eight drillholes intersected significant mineralisation, reinforcing earlier findings and highlighting the prospect’s potential for low-impact, small-scale mining. The impressive intervals reported from drillholes 25GCRC008 and 25GCRC007 have added substantial depth to the view of the Golden Crown deposit, which historically produced 1,720 ounces of gold between 1899 and 1904. In addition to the high-grade intercepts, the campaign generated several moderate to lower-grade intercepts that contribute valuable data for understanding the lateral continuity of the mineralised zones. The company’s successful production of over 340 ounces of gold Doré in previous bulk sampling adds further credibility to the resource’s economic potential. With updated metallurgical test work and process reviews planned, Mt Malcolm Mines NL is positioning the Golden Crown prospect for near-term development and eventual resource estimation. From a sentiment perspective, the news is bullish as the strong assay results and consistent near-surface gold mineralisation support the prospect’s high-grade potential and low-capital, near-term development plan. Fundamental technical indicators, such as multiple intercepts with grades exceeding 10 g/t gold and broad zones of continuity, are likely to drive positive investor sentiment. On the bearish side, caution remains as the project is still at the exploration stage and subject to geological complexities and inherent forward-looking uncertainties. Prospective investors are advised to consider that further drilling and resource modelling will be necessary to fully establish the deposit’s scale and economic viability.