Announcement • Apr 08
G50 Corp Limited Announces Positive Metallurgical Test Work Results from Golconda Project in Arizona G50 Corp. Limited announced that positive metallurgical test work results completed from the company's Golconda Project in Arizona, confirm the ability to produce a gallium-rich concentrate using proven, low-cost processing methods. These results support the potential development of a primary gallium supply source out of the U.S. The exploratory metallurgical test work was undertaken by SGS Lakefield, assessing gallium, silver and gold recovery from unoxidized drill core and RC chips from the Golconda Project. Gallium grades increased between 150% to 200% and strong recoveries showed gallium up to 70% recovery, using screening and flotation; silver up to 97% recovery; and gold via floatation with 82% recovery. New Risk • Mar 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$141.5m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.9m free cash flow). Earnings have declined by 33% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (AU$141.5m market cap, or US$99.7m). New Risk • Mar 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$6.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.9m free cash flow). Earnings have declined by 33% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Recent Insider Transactions Derivative • Dec 05
MD & Executive Director exercised options to buy AU$290k worth of stock. On the 3rd of December, Mark Wallace exercised options to buy 500k shares at a strike price of around AU$0.55, costing a total of AU$275k. This transaction amounted to 13% of their direct individual holding at the time of the trade. Since March 2025, Mark's direct individual holding has increased from 2.80m shares to 3.80m. Company insiders have collectively bought AU$798k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Nov 28
G50 Corp Limited Announces Company Secretary Changes, Effective 28 November 2025 The Directors of G50 Corp. Limited advised that Ms. Eryl Baron has resigned as Company Secretary and Mr. Lachlan Morley has been appointed Company Secretary, effective 28 November 2025. Board Change • Nov 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Ian Davies was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Oct 31
MD & Executive Director exercised options to buy AU$500k worth of stock. On the 29th of October, Mark Wallace exercised options to buy 1m shares at a strike price of around AU$0.52, costing a total of AU$523k. This transaction amounted to 36% of their direct individual holding at the time of the trade. Since March 2025, Mark has owned 2.80m shares directly. This was the only transaction from an insider over the last 12 months. Announcement • Oct 17
G50 Corp Limited, Annual General Meeting, Nov 18, 2025 G50 Corp Limited, Annual General Meeting, Nov 18, 2025. Location: suite 16.01 level 16, 213 miller street, north sydney, nsw 2060 Australia Announcement • Sep 24
G50 Corp. Limited Reports High-Grade Intercepts of 3.5% (35,000 Ppm) Antimony from its Maiden Drilling Program at White Caps in Nevada G50 Corp. Limited reported results from its maiden RC drilling program at White Caps in Nevada, the company's second asset in the US. The drilling program consisted of 12 RC holes drilled earlier this year, for a total of 1,385 meters. In particular, one hole (WCRC25-007), returned exceptionally high antimony values, including a peak of 3.5% Sb (35,000 ppm) at 77.7-79.2m depth, within a broader zone of elevated Au and Sb. This initial program confirms gold continuity with high-grade intercepts of antimony and validates the White Caps geological model developed from surface geological, geochemical and geophysical data sets. G50 conducted the first ever angled drilling at White Caps, where historical drilling by Freeport consisted of only vertical drilling. Three of the four areas returned significant shallow gold mineralization. Intersections included high grade (1-12 g/t Au) and broad zones of low-grade (0.1-0.3 g/t Au). Silver was noted in most drill holes. Pathfinder elements arsenic and antimony were moderate to strongly anomalous and correlate well with gold and silver. Higher grade gold mineralization consistently occurred in silicified and decalcified limestone. Gold was first discovered in the Manhattan district in the late 1800s. The White Caps Mine, the primary historical producer on the property, operated intermittently from 1905 to 1964 and produced more than 125,000 ounces of gold at exceptional average grades of approximately 30 g/t Au. The district saw renewed activity in the 1980s through Echo Bay and Freeport, although significant parts of the property remain underexplored. The project lies directly adjacent to Scorpio Gold Corp.'s Manhattan Mine, encompassing the Goldwedge, Echo Bay and Jumbo deposits. This proximity potentially places White Caps along the same northwest-trending Reliance Fault Zone, a significant structural corridor that has historically controlled gold mineralization in the district. The alignment suggests potential for shared mineralizing systems and enhances the prospectivity of the White Caps Project. Announcement • Aug 25
G50 Corp Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. G50 Corp Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Transaction Features: Subsequent Direct Listing Announcement • Aug 06
G50 Corp. Limited Announces Mineralogy Breakthrough for Gallium at Its Golconda Gold-Silver-Zinc Project in Arizona G50 Corp. Limited announced results of follow up mineralogy test work following a preliminary mineralogical study in June of this year of gallium bearing rocks at its Golconda Gold-Silver-Zinc Project in Arizona that confirm a breakthrough in understanding the gallium mineralization at Golconda. The Phase 2 mineralogical study demonstrated that 85 to 92% of the total gallium is present in the mineral sericite, a type of muscovite. The presence of gallium in highly anomalous levels in sericite, together with the coarse-grained nature of the rock, are considered positive characteristics that will aid in the concentration and extraction of gallium in these rocks using traditional mineral processing. Announcement • May 30
Renegade Exploration Limited (ASX:RNX) acquired Four highly prospective projects in the Walker Lane trend in Nevada, USA from G50 Corp Limited (ASX:G50) for $0.15 million. Renegade Exploration Limited (ASX:RNX) acquired Four highly prospective projects in the Walker Lane trend in Nevada, USA from G50 Corp Limited (ASX:G50) for $0.15 million on May 30, 2025.
Renegade Exploration Limited (ASX:RNX) completed the acquisition of Four highly prospective projects in the Walker Lane trend in Nevada, USA from G50 Corp Limited (ASX:G50) for $0.15 million on May 30, 2025. New Risk • May 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$20.1m market cap, or US$13.0m). New Risk • Apr 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.9m (US$9.60m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$15.9m market cap, or US$9.60m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$21.6m market cap, or US$13.4m). Announcement • Nov 21
G50 Corp Limited has completed a Follow-on Equity Offering in the amount of AUD 5.6 million. G50 Corp Limited has completed a Follow-on Equity Offering in the amount of AUD 5.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,816,081
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,517,253
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Transaction Features: Subsequent Direct Listing Announcement • Nov 13
G50 Corp Limited has completed a Follow-on Equity Offering in the amount of AUD 1.4725 million. G50 Corp Limited has completed a Follow-on Equity Offering in the amount of AUD 1.4725 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,200,000
Price\Range: AUD 0.125
Discount Per Security: AUD 0.005
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 580,000
Price\Range: AUD 0.125
Transaction Features: Subsequent Direct Listing Announcement • Oct 01
G50 Corp Limited, Annual General Meeting, Nov 01, 2024 G50 Corp Limited, Annual General Meeting, Nov 01, 2024. Location: at suite 16.01 level 16, 213 miller street, north sydney, nsw 2060, Australia New Risk • Sep 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.9m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$17.5m market cap, or US$12.0m). New Risk • Sep 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$17.5m market cap, or US$11.9m). Recent Insider Transactions Derivative • Aug 09
MD & Executive Director exercised options to buy AU$145k worth of stock. On the 7th of August, Mark Wallace exercised options to buy 1m shares at a strike price of around AU$0.14, costing a total of AU$141k. This transaction amounted to 60% of their direct individual holding at the time of the trade. Since September 2023, Mark's direct individual holding has increased from 1.02m shares to 1.68m. Company insiders have collectively bought AU$366k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jun 21
G50 Corp Limited has filed a Follow-on Equity Offering in the amount of AUD 1.4 million. G50 Corp Limited has filed a Follow-on Equity Offering in the amount of AUD 1.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,200,000
Price\Range: AUD 0.125
Transaction Features: Subsequent Direct Listing New Risk • Jun 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.1m (US$8.67m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.3m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.1m market cap, or US$8.67m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). New Risk • Mar 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 23% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.3m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$15.8m market cap, or US$10.3m). Recent Insider Transactions Derivative • Nov 09
MD & Executive Director exercised options to buy AU$81k worth of stock. On the 7th of November, Mark Wallace exercised options to buy 650k shares at a strike price of around AU$0.19, costing a total of AU$125k. This transaction amounted to 64% of their direct individual holding at the time of the trade. Since June 2023, Mark's direct individual holding has increased from 500.00k shares to 1.02m. Company insiders have collectively bought AU$223k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Aug 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.1m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.7m market cap, or US$9.44m). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Announcement • Aug 11
Gold 50 Limited, Annual General Meeting, Oct 12, 2023 Gold 50 Limited, Annual General Meeting, Oct 12, 2023. New Risk • Aug 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.0m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.1m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$15.0m market cap, or US$9.86m). Board Change • May 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Rob Reynolds was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 24
Gold 50 Ltd Announces Completion of First Two Diamond Drill Holes at its Golconda Project in Arizona Gold 50 Ltd. announced the completion of the first two diamond drill holes at its Golconda Project in Arizona. Golconda is largely untested with limited to no modern geological work completed at the project prior to Gold 50. Drilling by previous operators in the last 40 years was limited to shallow vertical holes intersecting +10m wide zones of +2g/t gold-silver mineralisation. The gold-silver and silver-lead-zinc veins within the Golconda Project are part of a large, zoned mineralised system related to the adjacent Mineral Park porphyry copper-molybdenum deposit. Gold 50 has identified three initial priority areas for exploration: Tub Vein - northwest from the Tub Mine more than 1,800m through Todd and Union Basins. TG Intersection contains projected extensions of several prospective fault zones containing veins that extend southeast of the Golconda and Tub Mines with cross-cutting structures. Bronco Dike - particularly near the intersection of the Dike and the Tub Vein, which has not been drilled or mined in this area and the intersection with the Golconda Vein where the Oro Plata Mine is located. Gold 50's initial drilling primarily targets structural intersections along the Tub Vein at depths of 100m to 150m. Diamond drillhole GDD01 was drilled to a depth of 281m and targeted the intersection of a northeast-striking fault with a wide vein, quartz blow and associated smaller veins. The hole is persistently altered over 28m from 34m to 62m. The upper portion of the hole crosses the Tub Vein while the lower portion may intersect the Green Linnet vein system. Samples from this hole were despatched one week ago to the laboratory in Reno, Nevada with initial assay results expected in January 2023. Diamond drillhole GDD02 was drilled to a depth of 239m and targeted the intersection of the Tub Vein with a northeast striking fault, south of the Oro Plata Mine where the Bronco Dike and the Tub Vein intersect. Hole GDD02 is persistently altered over 131m from 108m downhole to the end of the hole at 239m. The rock is predominantly hydrothermal breccia with quartz-sulphide infill and stockwork veining. The photos below show some of the altered core from hole GDD02. Announcement • Dec 02
Gold 50 Limited Completes an Initial Soil Sampling Program Across the 28 Patented Claims At the White Caps Project Gold 50 Ltd. announced completion of a first-pass soil sampling program at the recently acquired White Caps Project ("WCP") in Nye County, Nevada. (See ASX announcement, `Acquisition of High-Grade White Caps Gold Project' dated 9 November 2022). Gold 50's initial exploration program will primarily focus on integration and interpretation of existing datasets and refinement of the geological model to effectively target high-grade Carlin- style gold mineralisation. A first principles approach of exploring across the property is being planned including mapping, rock chip sampling and geophysics. A drone magnetic survey is planned to be completed during December. The recently completed soil sampling program comprised 276 samples and targeted the main structural features of the 28 patented claims. A follow-up program across the rest of the WCP is planned to begin when weather permits in the spring of 2023. Located in central Nevada within the historic Manhattan Mining District and within the underexplored Walker Lane Trend, the WCP covers an area of 10 km2 with 28 patented claims and 74 unpatented claims. Historical mining and exploration have focussed on high-grade replacement-style mineralisation hosted by limestone with the gold associated with arsenic, antimony and mercury (typical of Carlin- style gold deposits). The WCP is located in the southern Toquima Range which is a block faulted horst of the Basin and Range Province. The Project area is underlain by Cambrian and Ordovician sedimentary rocks that were intruded by a Cretaceous granitic pluton on the southeast portion of the district. A substantial amount of thrust faulting and high-angle faulting has occurred throughout the area. The sedimentary rocks are buried by volcanic rocks of the Tertiary Manhattan Caldera on the northern edge of the property. Mineralisation at the White Caps Mine is concentrated along structural intersections within the Cambrian White Caps Limestone unit which averages 20m in thickness. Numerous cross-cutting north-south faults localise mineralisation within the host carbonates. Mineralisation generally dips moderately to the south at approximately 50° and is open at depth. Low- and moderate-grade (<10g/t gold) targets may exist within the White Caps Mine in the vicinity of the historically mined high-grade (>10g/t gold) mineralisation. It is notable that the cross- cut on the lowest level of the White Caps Mine assayed 10m at 94g/t gold. Numerous historic mines and widespread gold occurrences are located along the Manhattan Fault, a major west-northwest structure. Within the WCP, mineralised carbonate rocks provide a favourable host for gold mineralisation over 3km of strike length. Gold 50's recently completed soil sampling program will enhance and complement these historical surveys by providing analyses of a larger suite of elements with lower detection levels. The White Caps Limestone is within a 600m thick Cambrian sequence containing mineralised carbonate units that may also be favourable host rocks. There is good potential to define thicker zones of mineralisation around historic workings as the lower grade material (<10g/t gold) was largely ignored. The prospective geology and historical mining indicate that the WCP is a district play, not just a high-grade underground target that remains open at depth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Rob Reynolds was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 14
Gold 50 Limited Commences Maiden Drilling Program at Golconda, AZ Gold 50 Limited announced that drilling has commenced at the Company's flagship Golconda Project in Arizona. Golconda is largely untested with limited to no modern geological work completed at the project prior to Gold 50. Drilling by previous operators in the last 40 years were limited to shallow vertical holes intersecting +10m wide zones of +2g/t gold-silver mineralisation. The gold-silver and silver-lead-zinc veins within the Golconda Project are part of a large, zoned mineralised system related to the adjacent Mineral Park porphyry copper-molybdenum deposit. Gold 50 has identified three initial priority areas for exploration: Tub Vein - northwest from the Tub Mine more than 1,800m through Todd and Union Basins. TG Intersection contains projected extensions of several prospective fault zones containing veins that extend southeast of the Golconda and Tub Mines with cross-cutting structures. Bronco Dike - particularly near the intersection of the Dike and the Tub Vein, which has not been drilled or mined in this area and the intersection with the Golconda Vein where the Oro Plata Mine is located. Drilling will primarily target structural intersections along the Tub Vein. First assays are expected during the quarter. Announcement • Sep 21
Gold 50 Limited, Annual General Meeting, Nov 22, 2022 Gold 50 Limited, Annual General Meeting, Nov 22, 2022. Agenda: Annual General Meeting. Announcement • Sep 07
Gold 50 Limited Announces Drilling Anticipated to Commence in October 2022 At Golconda Project in Arizona Gold 50 Limited announced that drilling is now anticipated to commence in October 2022 at the Company's Golconda Project in Arizona. Gold 50 has executed a drilling contract with Nevada-based Harris Drilling for a 14 hole, 4,500m RC drilling program. The program is a culmination of systematic exploration work over the past 12 months including geophysics, surface mapping and soil sampling. Golconda is largely untested with limited to no modern geological work completed at the project prior to Gold 50. Drilling by previous operators in the last 40 years were limited to shallow vertical holes intersecting +10m wide zones of +2g/t gold-silver mineralisation. The gold-silver and silver- lead-zinc veins within the Golconda Project are part of a large, zoned mineralised system related to the adjacent Mineral Park porphyry copper-molybdenum deposit. Gold 50 has identified three initial priority areas for exploration. Tub Vein - northwest from the Tub Mine more than 1,800m through Todd and Union Basins. TG Intersection - contains projected extensions of several prospective fault zones containing veins that extend southeast of the Golconda and Tub Mines with cross-cutting structures. Bronco Dike - particularly near the intersection of the Dike and the Tub Vein, which has not been drilled or mined in this area and the intersection with the Golconda Vein where the Oro Plata Mine is located. Gold 50's initial drilling will primarily target structural intersections along the Tub Vein at depths of 100m to 150m. Gold 50 appointed Isaac Nelson as a Senior Consulting Geologist in late 2021 to assist in planning, preparation and managing Golconda drilling program. Announcement • Aug 17
Gold 50 Limited Announces Greg Foulis Will Join Board as Non-Executive Director Gold 50 Limited announced that Mr. Greg Foulis will join the Board as a non-executive director. Greg has a proven track record in the mining industry with over 35 years of diverse international experience including 20 years direct resources industry experience and a further 18 years financial markets involvement. Greg was most recently the Chairman of ASX listed Nusantara Resources, progressing the 2.4 million ounce Indonesian - Awak Mas Gold Project through feasibility, FEED, initial financing and culminating in an agreed AUD 80 million takeover by Indonesian company Indika Energy in 2021. Prior to this Greg was CEO of Kingsgate Gold from 2015 to 2017. From 2009 - 2013 Greg was Senior Vice President - Business Development at Angolgold Ashanti. Early career mining experience included eight years as a geologist with a cross section of experiences in exploration, project evaluation and mining operations in the Australasia and America's regions. Geological career highlights include involvement in the exploration, drill out and feasibility of the giant Lihir Gold project in PNG. Date of appointment is 15 August 2022. Recent Insider Transactions Derivative • Aug 17
MD & Director exercised options to buy AU$90k worth of stock. On the 15th of August, Mark Wallace exercised options to buy 500k shares at a strike price of around AU$0.15, costing a total of AU$75k. As of today, Mark currently holds no shares directly. Company insiders have collectively bought AU$1.4m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jun 17
Gold 50 Limited Announces Operational Updates for Golconda Project, Arizona Gold 50 Limited announced operational updates for the Golconda Project, Arizona in 2022. Successfully completed drilling programs at Top Gun and Spitfire in Nevada, a targeted soil program at Caisson and data acquisition for Broken Hills. Activity at Golconda continues, road access, drill pad preparation and full time planning for drilling at Golconda subject to receiving the NOI. Two drillers short listed for the 14 hole, 4,500m RC program. Prior drilling has not targeted structural zones that company believes holds the greatest potential for mineralization. Gold 50’s field work indicates that structural intersections control the locus of mineralization. Where cross-structures exist, individual veins are wider and there are multiple unnamed smaller veins stacked up along the cross structure. Work programs completed to prioritize drill targets at Golconda including geological mapping, structural analysis, and surface geochemical sampling. All data including underground workings has been incorporated into a Leapfrog 3D digital model and subsequently used to define high-priority exploration targets for drill testing. Gold 50's initial drilling program is planned to comprise 14 holes totaling approximately 4,500m. Drilling was previously expected to begin in the current quarter; however, is now not expected to commence until September 2022. Soil sampling programs continued during the quarter. Soil sampling to date has identified significant gold, silver, lead, zinc, rhenium and indium anomalies and most of these coincide with structurally favorable targets. The gold-silver and silver-lead-zinc veins within the Golconda Project are part of a large, zoned mineralized system related to the adjacent Mineral Park porphyry copper-molybdenum deposit. Whilst the precious and base metal veins were mined around the early 20th century and were known for their high grades, there has been no systematic modern exploration targeting the vein related mineralization. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Rob Reynolds was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 11
Gold 50 Limited Announces the Results of Its Maiden Drilling Program At the Top Gun Gold-Silver Project in Nevada Gold 50 Limited announced the results of its maiden drilling program at the Top Gun Gold-Silver Project in Nevada. The drilling program tested a 1,150 metre long zone of gold mineralisation, quartz veining and silicification with historic workings. Gold 50's 1,500m reverse circulation ("RC") percussion drilling program indicated a large, shallow gold system with best intercepts of: 3.05m at 1.3g/t Au and 26.5g/t Ag from 39.6m in hole TG005 (excludes 1.52m internal interval due to no sample from a historic mining void); and 10.6m at 0.4g/t Au from 42.7m in hole TG009, which is 400m along strike from TG005 All 11 holes intersected anomalous gold within broad zones of Ag-As-Sb and silica-pyrite alteration. The Top Gun drilling program was the first of Gold 50's three-project campaign culminating at Golconda Project in Arizona. Drilling has recently been completed at the Spitfire Project in Nevada and assays are pending. The Top Gun drilling results will be interpreted and form the basis of a potential follow up campaign later in 2022. Gold-silver mineralisation occurs at Top Gun in broad zones of illite alteration, structurally controlled silicification and associated veining. The gold-silver mineralisation is hosted in rhyolitic lithic tuffs and is associated with quartz and oxidized pyrite. The gold occurs with silver and a suite of pathfinder elements (maximum values) - arsenic (6200ppm), bismuth (74ppm), mercury (38ppm), antimony (378ppm), molybdenum (76ppm). Gold occurs in two distinct associations: Gold:silver >1:50 associated with arsenic-bismuth-mercury (TG001 and TG002), which might represent a late stage overprint; and Gold:silver <1:10 associated with arsenic-antimony-molybdenum. The drilling intersected significant intervals of illite alteration in excess of 30m downhole and up to 87m downhole in drillhole TG003. The illite alteration was accompanied by iron oxide which gave way to hypogene pyrite at an average depth of 60m downhole. Top Gun is an epithermal gold-silver system hosted by Tertiary lithic rhyolite tuff flow. It is located 63 kilometres north of the past-producing epithermal system at Paradise Peak and 43 kilometres northeast of the Rawhide gold mine currently in production. The main mineralized trend at Top Gun strikes northwest at ~315° and dips vertical to steeply northeast and contains gold-in-rock samples up to 3.4g/t Au and 84.7g/t Ag. Clay alteration and intermittent silicification and quartz veining are pervasive over the ~1,150m length of the mineralized structure where it is exposed. Announcement • Feb 07
Gold 50 Limited Announces Commencement of Drilling at Spitfire Project, NV Gold 50 Limited announced drilling contractor Alaska Midnight Sun Drilling has arrived at the Spitfire Gold-Silver Project in Nevada (Spitfire) over the weekend and drilling has commenced. Gold 50's strategic intent is to rapidly define and progress exploration targets across its portfolio of precious metals assets, leveraging management's track record of discovery in the Southwest USA. Drilling at Spitfire is the second program of a broader 3-project campaign. Drilling at the Top Gun Gold-Silver Project in Nevada was completed in late December 2021 (assays pending). On completion of the current campaign, drilling will commence at the flagship Golconda project in Arizona, anticipated towards the end of first quarter 2022. Drilling has commenced at Spitfire with a 5,000 metre RC drilling programme planned to test high priority targets identified by recent rock chip sampling and surface mapping. Samples were collected at targets identified following an extensive review of TSX-listed Kinross Gold Corporation's historical exploration database. As previously announced on 25th August 2021, thirty-eight of these samples contained more than 1g/t gold and averaged 23.2g/t gold and 38.3g/t silver. Twenty-one rock chip samples collected byGold 50 contained more than 10g/t gold and averaged 35g/t gold and 75g/t silver; best sample returned 88.9 g/t gold. Drilling at Spitfire is designed to test multi-prospect targets across the project including: Hearst: a 40m wide zone multigram gold on surface, alteration and quartz /gossan /copper oxide veining. Lithia: multi gram to multi ounce bearing flat quartz veins near the main historic Lithia workings including northern and eastern strike continuation of these veins. Ledge: set of sheeted low angle quartz veins with multigram gold hosted by altered diorite/granodiorite. Announcement • Nov 24
Gold 50 Limited Announces Drilling Commence At the Top Gun Gold-Silver Project in Nevada Gold 50 Limited announced drilling has commenced at the Top Gun gold-silver project in Nevada, as its drilling contractor - Alaska Midnight Sun Drilling - arrived. The drilling program at Top Gun is the first part of a broader 3-project campaign, which will also see commencement of drilling at the Spitfire project in Nevada followed by its Golconda project in Arizona in first quarter 2022. The company has executed a drilling contract with Midnight Sun Drilling. Initially, drilling will commence at Top Gun Gold-Silver Project (Top Gun), with a 2,000 metre RC drilling programme planned to test a 1,150 metre long zone of gold mineralization, quartz veining and silicification with historic workings. Top Gun has never been drill tested. Following the completion of Top Gun drilling, the rig will be mobilised to the Spitfire Gold-Silver Project (Spitfire). A 3,500 metre campaign is planned to test high priority targets identified by recent rock chip sampling and surface mapping, following a review of TSX-listed Kinross Gold Corporation's extensive historical exploration database. Recent Insider Transactions • Nov 23
Insider recently bought AU$1.3m worth of stock On the 17th of November, Lachlan Parker bought around 5m shares on-market at roughly AU$0.25 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$1.3m more in shares than they have sold in the last 12 months. Announcement • Aug 05
Gold 50 Limited has completed an IPO in the amount of AUD 10 million. Gold 50 Limited has completed an IPO in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015 
