Great Western Mining : Final Results

GREAT WESTERN MINING CORPORATION PLC

("Great Western" or the "Company")

FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW), which is exploring and developing multiple early-stage gold, silver and copper targets in Nevada, USA, announces its results for the year ended 31 December 2023. The Company is in the exploration, appraisal and development phase and currently has no revenues.

Financial Highlights:

• Loss for year €952,654 (2022: loss of €792,263)
• Basic and diluted loss per share 0.0002 cent: (2022: 0.0002 cent)
• Net assets at year-end: €8.8 million (2022: €8.6 million)
• Cash at 31 December 2023: €0.10 million (2023: €0.15 million)

Operational Highlights:

• Mill constructed and production-ready pending finalisation of environmental permit
• Granite extrusion with associated porphyry identified in the Huntoon Valley area materially upgrades copper potential
  o 200 hectare (490 acres) of continguous copper samples
• Anomalous gold in soil samples discovered at M5 prospect
  o Over 1 km long trend of anomalous gold (greater than 10 ppb Au) o Several continuous zones of higher grade (greater than 25 ppb Au)
• Western Milling Operating Agreement and Declaration of Earn-In signed
• £1.3 million new capital raised through placing of new shares

Post Period End Highlights:

• Initial permit granted for removal of pre-mined material from Olympic Gold Project for delivery to mill site
• New agreement signed with Crowne Point Gold & Silver LLC for cooperation in exploring the western part of the Huntoon Valley
  o Enabling the Company to fast-track drill for better defining a potentially significant new copper porphyry in the Walker Lane trend
• Positive grab and soil results from the West Huntoon
  o Revealing two bonanza-grade silver results, multiple other high-grade precious metal occurrences and abundant copper anomalism
• Soil sampling results show Rhyolite Dome at Olympic Gold Project to be high priority gold target
  o Best grades include 61 ppb, 58 ppb and 51 ppb gold in recent samples and 207 ppb gold in legacy samples
• Induced polarisation (IP) and resistivity surveys ongoing at West Huntoon and M5
• Olympic Gold Project acquisition completed
• £700,500 new capital raised before expenses through placing of new shares

Great Western Executive Chairman Brian Hall commented: "Progress during the report year and subsequent months has been very encouraging and we have made great strides in proving up the potential of our claims. We are particularly excited about a significant upgrade in the copper potential at West Huntoon where the prospect of a major, commercial copper porphyry on the Company's claims offers the sort of upside that should be highly interesting to investors in mineral resources and provide long term value for shareholders.

"Equally, our upcoming transition into a producing company, once all permits are in place, will be an important milestone for the Company. We have a busy summer ahead and look forward to providing updates on further developments as we target a number of value inflection points."

For further information:
Great Western Mining Corporation PLC
Brian Hall, Chairman	[phone]
Max Williams, Finance Director	[phone]
Davy (NOMAD, Euronext Growth Listing Sponsor & Joint
Broker)
Brian Garrahy	[phone]
SP Angel (Joint Broker)
Ewan Leggat	[phone]
Walbrook PR (PR advisers)
Nick Rome/Joe Walker	[phone]

Executive Chairman's Statement

For the year ended 31 December 2023

Dear Shareholder,

Below are Great Western Mining Corporation PLC's audited report and financial statements for the year ended 31 December 2023.

Great Western Mining Corporation PLC ('Great Western' or the 'Company') explores for, appraises and develops mineral resources on its claims in Nevada, USA but currently has no revenues from its operations. Accordingly, it is reporting a loss after tax of €952,654 for the year (2022: €792,263). At the year end the Company's net assets were €8,831,416 (2022: €8,618,024).

The highlight of Great Western's exploration activity in 2023 was the establishment through intensive fieldwork of a copper porphyry in the Huntoon Valley, where Great Western holds 760 claims. A granite outcrop associated with a porphyry, previously and erroneously shown as tertiary cover on official government maps, was identified and 2 km² (490 acres) of ground was sampled in the immediate vicinity, resulting in consistent, strong copper readings. An expert consultant on porphyry systems was invited to the site in October and spent a week in the field reviewing the porphyry potential, subsequently confirming it in a formal report which the Company has published. This is a really significant development for Great Western and raises the possibility, not yet proven, of connectivity, across the Huntoon Valley, with both the M2 claims to the northeast where the Company has already established a copper resource and the M4 prospects to the east, where the Company's limited drilling activity has established very promising copper anomalies. These three main prospect areas, West Huntoon, M2 and M4 have now been internally grouped together and categorised as the Huntoon Copper Project. An expired agreement with Crowne Point Resources, owner of land equivalent to six federal claims around the historic Huntoon Gold Mine, has been novated since the year end and this land will provide surface and road access for early drilling. Since the end of the year, the Company has conducted a geophysical survey to track and measure the continuation of the porphyry system under tertiary cover, where data cannot be obtained through grab and soil sampling, initially yielding positive results.

During the 2023 field season, Great Western had two geologists working full time in the field, sampling and mapping a number of prospects, under the direction of the Company's Exploration Manager, Dr James Blight. The sampling carried out around the granite extrusion at West Huntoon also identified unrelated epithermal gold and silver in the same area, including a bonanza silver result. In addition to the West Huntoon area, the team also worked extensively on the M5 prospect in the JS group of claims and on the Rhyolite Dome prospect at the Olympic Gold Project, both of which look highly prospective for precious metals.

In April 2024 Great Western exercised its option to purchase the Olympic Gold project and made the final option final payment. There is little doubt that taking an option on Olympic was a good decision in 2020 and the claims are an excellent, complementary add-on to the Company's other claim areas, 50 miles away on the other side of Mineral County. The OMCO Mine produced gold at high grades in the early part of the last century and Great Western has already discovered an extension to the OMCO vein. Good intercepts have already been encountered through drilling at the Trafalgar Hill prospect in the east of this 800 acre project area and Rhyolite Dome to the south of the project is potentially large, interesting and has never been drilled. Large quantities of pre-mined material at Olympic Gold is of higher quality and is more accessible than the spoil heaps at the Company's Mineral Jackpot claims, so will enhance the viability of the Company's milling joint venture.

Shareholders are urged to read the more detailed Operations section of this report which provides more information on all the exploration activity.

During the year the Company completed its earn-in as a 50% participant in Western Milling LLC, a joint venture with Muletown, an established contractor in the Company's area of operations. Western Milling started the construction of a process mill to produce precious metal concentrates from pre-mined material and shallow ore with construction completed after the year-end. Production from this mill will mark the Company's first revenues and move it away from pure exploration, but commissioning of the plant and start-up of production are now dependent on final environmental consent from the State of Nevada. The project has been designed

and developed meticulously in line with the regulator's own guidelines and recommendations, initially for gravity processing for which approval is being sought but at a second stage for leaching operations which will require separate approval. The State of Nevada encourages industrial development in its rural areas but due to administrative delays caused by staff shortages in the relevant state department, the Company cannot yet give any firm assurances on the timing of the permit being granted.

Great Western has a lot of work ongoing relative to its small size and, although progress may sometimes seem slow with frustrating delays, in the general life cycle of mining operations a great deal has been achieved since the current management took over in late 2019. Few exploration companies of Great Western's size have created and constructed such an advanced commercial project as Western Milling LLC, in a time span of less than 18 months since first heads of terms were signed. There are multiple precious metals prospects on the Company's ground which could supply material to the process mill in the future. Most significantly, the prospect of a major, commercial copper porphyry on the Company's claims offers the sort of upside that should be highly interesting to an investor in mineral resources and provide long term value for shareholders.

Looking ahead to the remainder of 2024, we expect to begin commercial production during the year even though precise timing is out of our hands. We will continue to work on the Huntoon Copper Project this summer while actively seeking a larger and better-funded industry partner to help take it to the next stage, confirming that discussions are ongoing with several interested parties.

The AGM will be held in Dublin on 5 June with a telephone facility to allow shareholders to listen to the proceedings remotely.

I would like to thank our investors for their patience and continuing support and our small technical team for their professionalism, dedication, hard work and positive results.

Yours sincerely,

Brian Hall

Executive Chairman

Operations Report

For the year ended 31 December 2023

Principal activities, strategy and business model

The principal activity of Great Western is to explore for and develop gold, silver, copper and other minerals, with the aim of increasing shareholder value by the systematic evaluation and exploitation of its existing assets in Mineral County, Nevada, USA. Great Western's strategy is:

• Exploration for gold and silver on existing licensed claims to establish resources for commercial exploitation.
• Exploitation of previously mined material containing residual gold and silver to generate revenue.
• Expanding the search for precious metals into new areas.
• Developing copper potential based on an existing indicated and inferred resource.

During the year ended 31 December 2023, Great Western held interests in seven claim groups are categorised into the following projects:

Claim Group

Ownership

Projects

Target mineral

Mineral

Jackpot

Silver, Gold

1

Black Mountain Group

100%

M2 (HCP)

Copper

2

Huntoon

100%

West Huntoon (HCP)

Copper,

Gold

M4 (HCP)

Copper, Gold

3

Jack Springs

100%

M5

Gold, Silver, Copper

4

Rock House

100%

Rock House

Gold, Silver, Copper

5

Eastside Mine

100%

Eastside Mine

Copper

6

TUN

100%

TUN

Gold, Silver

OMCO Mine

Gold

100%

Trafalgar Hill

Gold

7

Olympic Gold

(following exercise of

West Ridge

Gold

op�on to purchase)

Rhyolite Dome

Gold

As part of an annual claim renewal procedure, the Group renewed all its claims with effect from 1 September 2023 and subsequently staked 19 additional claims prior to the year-end. The land position held by Great Western in Mineral County currently consists of 760 full and fractional unpatented claims, covering an area of approximately 61 km².

In addition to exploration activities, Great Western has created Western Milling LLC, a 50-50 joint venture with a local contractor, to construct a mill at Sodaville, Nevada, which will process historical mine waste into precious metal concentrates, including tailings spoil heaps and stockpiles from Great Western's claims.

EXPLORATION - Precious Metals Projects

Olympic Gold Project

In 2020, the Company acquired an option to purchase the Olympic Gold Project, a group of 48 claims located approximately 50 miles from Great Western's other concessions and still within Mineral County. In April 2024 Great Western exercised its option to purchase Olympic Gold and made the final option payment of the total consideration of $150,000. Work is in progress on several potential prospects at this 800-acre site.

The Olympic Gold Project lies on the northern flanks of the Cedar Mountain Range, on the eastern edge of Mineral County, within the Walker Lane Fault Belt at the intersection of two major mineral trends - the Rawhide- Paradise Peak trend and the Aurora-Round Mountain Trend. The mineral deposit style at Olympic is low- sulphidation epithermal banded quartz-gold vein. Production of gold from the Olympic Mine in the interwar period of 1918 to 1939 totalled approximately 35,000 tonnes at a grade of 25 grams/ton gold and 30 grams/ton silver. Based on a review of the historical data, Great Western believes that faulted offsets of the high-grade Olympic Vein remain to be discovered and this forms one of the numerous target zones on the prospect.

During 2023 a single core hole was drilled as a twin of the successful 2022-hole OMRC015, to investigate the mineralised intercept in detail. This hole provided the first core at Olympic and penetrated the mineralised

horizon, but did not improve on the previous intercept. The zone where mineralisation was expected was highly brecciated and susceptible to being lost to the core drilling fluids. The unmined portion of the OMCO vein, as intercepted in OMRC015, remains open along the edge of the workings.

Considerable interpretive work has been undertaken for a better understanding of the chemostratigraphy at Olympic and to identify possible vectors towards mineralisation in the existing drill data. This resulting predictive model indicates best potential for gold southeast from the OMCO mine site, east of the major OMCO fault.

Grab sampling, soil sampling and mapping were carried out at the as yet undrilled Rhyolite Dome prospect in the south of the claims group. A total of 147 new soil samples were taken in a series of northeast trending traverses, resulting in a positive anomaly for gold (45 samples >10 ppb Au, 7 > 20 ppb Au and 3 > 50 ppb Au), silver and a suite of associated elements, covering around 50 acres on the northwest side of the dome structure. The results will assist in the planning of an induced polarisation (IP) survey and drill targeting at Rhyolite Dome.

Black Mountain

The Black Mountain Group ("BM") lies on a southwest trending spur ridge of the Excelsior Range of mountains and comprises 249 full and fractional claims covering 20.7km². The BM group contains both Great Western's copper resource at M2 (see Copper Projects below) and the Mineral Jackpot prospect, where outcropping veins, vein workings and spoil heaps contain high-grade gold and silver. Although the five historic mines making up Mineral Jackpot produced gold and silver around the turn of the 19th-20th century, access had only been by mule track and until 2022 none of the prospects had ever been drilled. Great Western has carried out soil surveys over the last three years, collected rock chip samples and conducted magnetometry surveys. Following a successful intercept in MJRC004, the final hole of 2022, a single follow up hole was drilled in 2023, aimed at again intersecting the near-surface mineralised zone. The zone was identified in chips at the expected position, via alteration and in anomalous assay results, but grades were subeconomic, highlighting the variability of these vein zones over relatively short distances along strike. Further planned drillholes were postponed due to technical issues with the rig. The next stage of exploration at Mineral Jackpot is being evaluated.

Rock House

The M7 gold-silver prospect lies within the Rock House (RH) group of claims. This area is accessible and lends itself to mining operations but has never been mined in the past, its potential having only recently been identified through the interpretation of satellite imagery. It is an approximately circular structure of around 450 acres associated with a magnetic low, and is an opening of older rock surrounded by younger volcanic cover. It is also adjacent to the prolifically mineralised Golconda thrust fault and 5 km west along strike from the historically significant Candelaria silver mining district. The area is characterised by intense argillic and sericite alteration, along with silicification and oxidation, within basement siltstones and slates. Unlike many of Great Western's other prospects, the RH targets were virgin territory until drilled by the Company in 2021. While past workings represent an important guide for exploration, a lack of any previous workings does not rule out mineralisation and any discovery made in such ground will have the benefit of being entirely intact as its highest- grade and nearest-surface portions will not have been removed by previous mining operations.

Rock House was soil sampled in 2023 to test the value of higher resolution surveys around peaks in the previous reconnaissance grid in the north of the area. This work was successful, with a majority of samples matching or exceeding the previous best values obtained for gold. A follow-up broad resampling plan halved the grid spacing of soils at Rock House Northern Shear Zone. This work was underway but incomplete at the end of the year and all samples will be sent to the lab as one batch once the resampling is completed during the 2024 work season.

Complex folding was observed at surface in the Southern Alteration Zone. A 3D geological model that takes the effect of folding into account is being developed. For information on the potential for copper at Rock House, see Copper Projects below.

Huntoon

After staking an additional 19 claims during the year, Great Western holds a total of 126 full and 12 fractional claims which surround the workings of the historic underground Huntoon gold mine and are prospective for gold, silver and copper mineralisation. The claims are located on the northwest side of the Huntoon Valley, covering approximately 10km2. The main focus for GWM at this claim group is copper, and this is covered below under Copper Projects. Huntoon does, however, contain some high-grade, potentially epithermal, precious

metal veins, which were the target of the old Huntoon mine workings. In 2023 grabs selectively sampled for their apparent copper mineralisation, or because they contained quartz veins, yielded gold grades of 7.29 g/t, 5.53 g/t and 4.51 g/t Au, and bonanza silver grades of 2,438 g/t, 843 g/t, 108 g/t and 102 g/t Ag.

Jack Springs ("JS")

The M5 gold prospect lies within the JS Group in altered siliceous host rock surrounded by Tertiary volcaniclastics. Gold, arsenic and antimony were all anomalous in initial reconnaissance samples taken along a northeasterly crest of the central ridge at M5 during the first years of the Company's operations in the area. Since that time, due to other priorities M5 has not been further explored and remains undrilled.

During2023 Great Western returned to the M5 prospect and conducted full follow up soil sampling. A total of 335 soil samples were taken in two phases, with 188 samples > 10 ppb Au, 49 samples > 30 ppb, and 20 samples

• 50 ppb. The peak value detected in this sampling was 395 ppb or 0.395 g/t Au. A zone 1500 m long by 400 m wide was identified, which contains several corridors of anomalous gold, open as they reach the edge of surrounding overlying tertiary lavas. Two disconnected areas of sampling, taken over small 'windows' through the tertiary cover, are also broadly anomalous, suggesting a more widespread sub-cropping zone.

A total of 19 new selective grab samples were taken at M5 during soil sampling. These were taken from outcrops that were mineralised in appearance or otherwise of interest to the sampling geologist. Two stand-out samples, taken from a small working which features a copper oxide bearing quartz vein, returned 5.14 g/t Au, 1,246 g/t Ag (0.125 % Ag) and 0.32% Cu, and 0.291 g/t Au, 534 g/t Ag, and 0.105% Cu respectively. These grabs also represents a significant increase in maximum silver results from M5, the previous most silver-rich samples being 24 g/t and 18 g/t in grab samples from the crest of the hill taken prior to 2023. A sample taken from a small pit on the southeastern flank of the M5 hill returned a grade of 1.247 g/t Au. Two other samples with notably high- grade copper (5.16 % and 1.09 % Cu) occurred on the southeast facing flank of the ridge line. These samples feature sulphide stringers with chalcopyrite and abundant copper oxides.

The selected high-grade samples described above indicate that several discrete strongly mineralised structures reach the surface at M5 and are a likely source of the soil anomalies.

The M4 Copper-Gold project also lies within the JS Group and is covered under Copper Projects below.

Tun

The M6 gold-silver prospect lies within the Tun Group. The M6 prospect is a parallel system of multiple, oxide and sulphide, gold-silver veins and veinlet stockworks. Supergene, high-grade ores have been mined in the past at M6 and the potential remains for deposits of shallow, oxidised stockworks in the immediate vicinity of the historic workings.An initial reconnaissance soil traverse was undertaken at Tun group early in the year, 32 samples being taken in a single traverse, with some positive results (14 samples >10 ppb Au, 2 samples >50 ppb Au). This work was an orientation survey to help identify optimal sample spacing for a more thorough future programme.

EXPLORATION - Copper Projects

Great Western has an exciting and extensive copper portfolio. During the year, the proximity of and possible connectivity between (1) the existing M2 resource, (2) the M4 prospect which has already been successfully drilled and (3) the West Huntoon area led to a re-categorisation of the three projects into a single area of interest, hereinafter described as the Huntoon Copper Project (HCP).

The Huntoon Copper Project

At M2 in the Black Mountains Group, Great Western has discovered and drilled a partly inferred, partly indicated copper resource of 4.3 million tonnes at a grade of 0.45% Cu in a skarn setting. This was a considerable achievement, with the potential to lead to the discovery of a much larger copper resource. Great Western believes that there is untested potential in both directions along strike, on a structure of up to 5 km, supported by historical mine workings to the northeast and an IP anomaly to the southwest.

The M4 copper target,in the JS group, approximately 4 km from the M2 resource, was identified through geophysical surveys, soil sampling and mapping of mineralised structures at surface.The Company has previously identified copper in drill intercepts at M4 (21.18 m at 0.35% Cu starting at 106.22 m in hole M2_005,

including 5.64 m at 0.48% Cu and 0.105 grams/ton Au starting at 106.22 m). Great Western believes that thebreccia zone intercepted in hole M4_05, along with other such structures mapped at surface, could be offshoot structures in the roof of a buried orebody. Porphyry systems often feature breccia pipes in the upper reaches in 2019 the Group received a drill permit to follow up on the exciting discovery in hole M4_05. The abundance of highly prospective targets in the Company's portfolio, combined with rig availability issues, led to drilling on the JS projects being deferred in recent years. During 2023 the soil grid east of M4 was extended further to the east with the aim of filling a gap where the existing soil anomalies are open and surface showings of copper are present. This work was ongoing at the end of the field season, and samples will be sent to a lab in 2024, once the planned grid is complete.

At West Huntoon, situated 7 km west of M4, and 10 km southwest of M2, there is a copper prospect on which the Company has previously drilled a single hole, assaying at 0.35% Cu over 27.4 metres, amongst other grading intercepts. West Huntoon also contains a sizeable copper anomaly in soils, part of which is coincident with a clear magnetic signature identified on drone magnetometry conducted in early 2022. Post mineralisation tertiary lavas obscure both the geochemical anomaly and the southwestern continuation of the linear anomaly associated with the shear zone. Significant field work at West Huntoon during 2023 included mapping, soil sampling and, towards the end of the field season, a field visit by Dr Lawrence Carter, an independent porphyry expert. A significant development occurred at the conclusion of the season's programme with the identification of several granite exposures not recorded on the US Geological Survey's official map of the area. These granites contain textures typically associated with porphyry-linked intrusions, including varying degrees of mineralisation and alteration. 135 new soil samples were taken which established a copper anomaly (>75 ppm Cu) of 2 km2 surrounding the granite outcrop, with strong outlier samples (11 samples >300 ppm, 5 samples > 400 ppm, maximum value 528 ppm Cu) at several locations.

In 2024 a novated Huntoon Mine Cooperation Agreement has been signed with the owner of six patented claims at the core of the West Huntoon area. This agreement provides GWM with near-term drill access, excellent road infrastructure and a local water supply located in one of the most prospective parts of the wider claim group.

Other copper projects

The M8 copper prospect lies within the Eastside Mine (EM) claim group, named for the historic Eastside Mine where high-gradecopper-oxide ore was mined from shallow underground workings during the First World War. Conoco investigated Eastside as a copper porphyry prospect in the early 1970s, identifying mineralisation consisting of substantial copper and molybdenum values, within a northeast trending graben structure. Drilling by Conoco at the southern end of this structure identified thick successions of alteration together with copper enrichment, but the results were not followed up. The Company regards the northerly continuation of this structure as a strong, untested target for buried copper mineralisation. During 2021 an IP survey was performedat EM Group and the results were highly encouraging. The key findings of this work were fault zones accompanied by high resistivity and chargeability features, correlating with observed surface stockwork veining, silicification, copper mineralisation and copper soil halos.Although no significant activities took place at the Eastside mine during 2023, there are drill-ready targets.

Following the identification of anomalous copper in the final 2022 hole at Rock House, copper oxide has been identified in surface grabs during soil sampling in the Northern Shear Zone.

While Tun has in the past been primarily a gold target, initial orientation soil samples taken there early in the year showed copper anomalism. Over 32 samples, 15 were >75 ppm Cu, 12 > 100 ppm Cu and 5 > 150 ppm Cu, with a peak value of 204 ppm Cu.

Seeking Copper JV partner

A major copper project remains too large an undertaking for a company of Great Western's size and so a larger industry partner is currently being sought, particularly in light of the potentially transformative porphyry evidence found during the year.

Reclamation work

Reclamation work undertaken at OMCO has been signed off by the Bureau of Land Management and a new permit issued for planned follow-up drilling and ground disturbance relating to removing mine waste for processing at the Company's milling joint venture.

Summary of 2023 Work Programme

• Discovery of granite at the core of the West Huntoon 2 km2 copper anomaly shows porphyry potential and new soil results strengthen continuity of the anomaly. New grab results highlight overlapping precious metal potential.
• A total of 335 new soil samples at M5 establishes a large gold-silver-copper anomaly, previously suspected but never properly tested at scale.
• New soil results at Rhyolite Dome in the Olympic Gold Project are some of the best results for the entire claim group, including the area of the old OMCO mine, and indicate the prospectivity of this target.
• Drilling at Mineral Jackpot and Olympic confirms locations of mineralised horizons previously intercepted.
• Permit granted for removal of first material from Olympic for processing by the milling joint venture.
• New encouraging soil results at Tun.
• At the end of the year additional soil sampling was underway at both JS-NE (east of M4) and Rock House. Samples will be submitted to lab once all planned samples have been collected.

PROCESSING OPEATIONS - Joint Venture

Planned Processing Operations

Over the last two years, Great Western has been developing the optimum means of processing mining waste for recovery of gold and silver. Originally this was planned to be a simple gravity separation process for spoil material from Mineral Jackpot, where there are 51 known spoil heaps, but the concept was expanded once work began on the newly acquired Olympic Gold Project in 2021, where extensive tailings, spoil heaps are present and a stockpile of material had been mined but never processed. A 50-50 joint venture known as Western Milling LLC was established with local contractor Muletown Enterprizes to construct a processing mill on land owned by Muletown. Construction of the processing plant was completed in early 2024 and start-up of operations is subject only to final environmental approval from the State of Nevada. Initially material will be processed through a gravity circuit but the plant has been built to meet the specifications required for a chemical leaching project, for which a permit application will be lodged once gravity processing is operational.

In 2022, an independent JORC-compliant resource estimate of Great Western's mine waste material resulted in an Inferred Resource of 31,000 tonnes, grading 1.6 grams/ton Au and 3.0 grams/ton Ag in tailings at Olympic Mine and several Exploration Targets at the OMCO Mine and Mineral Jackpot.

Consolidated Income Statement

For the year ended 31 December 2023

		2023	2022
Continuing operations	Notes	€		€
Administrative expenses		(994,246)	(951,294)
Finance income	4	4,434		527
Loss for the year before tax	5	(989,812)	(950,767)
Income tax expense	7	37,158		158,504
Loss for the financial year
	(952,654)	(792,263)
Loss attributable to:
Equity holders of the Company
	(952,654)	(792,263)
Loss per share from continuing operations
Basic and diluted loss per share (cent)	8	(0.0002)		(0.0002)

All activities are derived from continuing operations. All losses are attributable to the owners of the Company.