Antilles Gold

INTERCEPTS UP TO 41g/t Au NUEVA SABANA, CUBA

Quarterly Report to 30 June 2024

LODGEMENT OF PROSPECTUS - NON-RENOUNCEABLE ENTITLEMENT OFFER

IN-FILL DRILLING PROGRAM COMMENCED FOR NUEVA SABANA COPPER MINE, CUBA Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) advises that a 2,000m in-fill drilling program has commenced on the Nueva Sabana gold- copper deposit in central Cuba. • The drilling is being conducted by the 50:50 Cuban joint venture company, Minera La Victoria, at locations nominated by its geological consultants, and is aimed at increasing the level of Indicated Resources in a revised Mineral Resource Estimate (“MRE”). • In addition to revising the MRE, Minera La Victoria will soon thereafter upgrade the recently completed Scoping Study for the first stage of the proposed Nueva Sabana mine to a Prefeasibility Study. • Nueva Sabana will be a relatively small copper mine with gold credits but based on results from a total of 36,000m of historic and recent drilling into the oxide zone, and 3500m into the underlying El Pilar copper porphyry intrusive which is offset to the south of Nueva Sabana, the oxide zone could transition into the sulphides below and result in the operations of the small starter mine to be significantly expanded in the future. Christian J. Grainger (PhD) #AAU #Copper #Gold

Investor Presentation - May 2024 #EuropeanInvestors #Gold #Copper #Cuba

Via Stockhead #Copper #Gold

Via Grafa “Antilles Gold (ASX:AAU) completes scoping study for Nueva Sabana gold-copper mine” #Copper #Gold

SCOPING STUDY COMPLETED FOR NUEVA SABANA MINE, CUBA Highlights: • The 752ha concession covering the Nueva Sabana deposit also hosts the El Pilar, Gaspar, and Camilo porphyry copper intrusives, and numerous shallow gold targets identified by artisanal mining. • The Nueva Sabana deposit has a small 3g/t gold cap, an underlying copper-gold zone, and a deeper sulphide copper zone that is open at depth at 150m, and could potentially transition into the El Pilar porphyry copper deposit which is offset to the south. • The Study has been based on a pit limited to 100m depth which at a mining rate of 500,000tpa of ore, will result in an initial mine life of 4 years. • With additional exploration by the joint venture, and a greater mining depth, the project life and NPV could be increased. • The Initial MRE for Nueva Sabana which is incorporated as ATTACHMENT A in the Study, established approximately 30M lb of 0.8% copper in Inferred Resources within the 50m below the planned 100m mining depth for the first stage of the development which is a positive indication of the potential to increase the mine life. • Metallurgical testwork set out in ATTACHMENT C has indicated the mine will initially produce a gold concentrate with a grade of ~70.9g/t Au, followed by a blended copper-gold concentrate with an average grade of ~27.4% Cu, and 25g/t Au. • Payables for these concentrates have been received from the two international commodity traders the joint venture is negotiating with to establish an off-take agreement. ‘Even though the first stage of the Nueva Sabana project is quite small, it is fortunate that it will be development-ready within a short period of time. This is economically advantageous considering the joint venture’s flagship development, the La Demajagua gold-silver-antimony mine, had to be delayed after being expanded to allow the production of a gold doré when the market for its gold-arsenopyrite concentrate became an issue in August 2023. Antilles Gold intends to subscribe the final US$2.0M of its US$15.0M earn-in for a 50% shareholding in the joint venture company, Minera La Victoria (“MLV”), within the next few months. Thereafter, the Company’s cash burn will be substantially reduced. If MLV decides to undertake an exploration program on the copper properties before cash flow becomes available from the Nueva Sabana mine in Q4 2025, the required capital will probably have to come from a share issue by MLV to Antilles Gold, and, or a third party. With respect to this possibility, MLV has recently presented commercial propositions to two major investors interested in becoming a shareholder in MLV, and participating in the exploration of its highly prospective copper properties, and the development of La Demajagua, and other gold projects potentially available to the joint venture.” Chairman Brian Johnson Christian J. Grainger (PhD) #AAU #Gold #Copper

Via Global Arbitration Review “An ICSID additional facility tribunal has dismissed most of a claim by a subsidiary of Australia's Antilles Gold against the Dominican Republic over a contract to process by-product from a gold and silver mine. Toby F. reports.” #Copper #Gold

ANTILLES GOLD QUARTERLY REPORT & APPENDIX 5B – 31 MARCH 2024 Christian J. Grainger (PhD) #AAU #Copper #Gold