Gorilla Gold Mines Ltd · ASX:GG8
Gorilla Gold Mines — Bell Potter Unearthed (February 2026)
28 slides from Gorilla Gold Mines's conference presentation, Feb 9, 2026
Slide 1: Rapid High-Grade Growth in the Goldfields
RAPID HIGH-GRADE GROWTH IN THE GOLDFIELDS Rapid value creation through aggressive drilling targeting high-grade gold in Tier-1 locations ASX:GG8 Bell Potter Unearthed Presentation 9 February 2026
Slide 2: Disclaimer
Disclaimer Nature of Document: This presentation has been prepared and issued by Gorilla Gold Mines Ltd (Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon as a complete and accurate representation of any matte
Slide 3: Gorilla - investment highlight
Gorilla- investment highlight Simple Strategy Rapid high-grade gold resource on granted mining leases in WAgrowth 1.5 Moz @ 3.8 g/t Au in WA with much more to come Located on granted Mining Leases, close to multiple operating mines & infrastructure. Substantial commitment to drilling, massive growth
Slide 4: Experienced Team – Delivery and Value-Creation
Experienced Team – Delivery and Value-Creation Highly experienced board and leadership team with proven track records in the WA mining sector Dean Hely - Non-Executive Chair Charles Hughes - Chief Executive Officer Simon Lawson - Non-Executive Director Daniel Kendall - Chief Financial Officer Alex H
Slide 5: Corporate Overview
Corporate Overview Well-funded and well supported to continue driving value for shareholders SHARES ON ISSUE 730M CASH ANALYST COVERAGE as at 31 Dec 25 $37M MARKET CAP $288M SHAREPRICE as at 6 Feb, $0.395 $0.60 $0.50 MAJOR SHAREHOLDERS $0.40 Board & Management 19% $0.30 Institutional $0.20 49% Genes
Slide 6: Exceptional Location – Heart of the WA Goldfields
Exceptional Location – Heart of the WA Goldfields Three “forgotten” projects consolidated for the first time by a focused and dynamic explorer Strategy: Rapidly discover and delineate high-grade ounces close to infrastructure at a targeted average resource grade of ~3-5g/t Au Growth platform: curren
Slide 7: Peer Comparison
Peer Comparison Average EV/contained resource for ASX gold peers >3 g/t trading at an ASX Gold Peers – EV/Contained Resource & Grade average of $249/oz EV/Resource AU (g/t) $600 6.0 $536 5.6 $500 $458 5.0 $400 $358 4.0 3.3 3.3 3.8 $300 3.0 3.0 $238 2.9 $220 $216 $203 $196 $189 1.9 $200 $169 2.0 2.2
Slide 8: Share Price
Share Price The recent increase in the spot gold price since Jul 25 has not been reflected in the GG8 share price gorillagold8.com | ASX:GG8 8
Slide 9: Comet Vale Project
Comet Vale Project • 0.86Moz @ 3.7 g/t Au resource updated in December 2025. • 900% increase in resources after 1 year of drilling. • Major Growth potential for 2026 – more undrilled Lakeview style prospects awaiting permits to begin exploration drilling - imminent • Granted Mining Leases and existi
Slide 10: Comet Vale – Thick and High-grade Standout Intercepts
Comet Vale – Thick and High-grade Standout Intercepts Three new discoveries – best drill results to date from the Comet Vale Project – thick high-grade gold Lakeview Sovereign/Sovereign North – Cheer & Happy Jack – 19m @ 18.1 g/t Au fr. 80m LVEX018 (344 gram-metre) 5m @ 66.3 g/t Au fr. 399m STEX084
Slide 11: Comet Vale – Resource 7.3Mt @ 3.7 g/t Au for 0.86Moz
Comet Vale – Resource 7.3Mt @ 3.7 g/t Au for 0.86Moz - 900% increase in 2025 • Simple strategy to do this – • Targeted under drilled geochemical targets. • Understood structural framework. • Major resource growth potential for 2026. gorillagold8.com | ASX:GG8 11
Slide 12: Comet Vale – Exciting targets being unlocked right now
Comet Vale – Exciting targets being unlocked right now • GG8 added 0.75Moz in 2025 at Lakeview, Sovereign and Cheer • Happy Jack, Lady Margaret, Lakeview South, Sovereign South look the same as Lakeview and have not been drilled • <10% of targets have been tested at Comet Vale due to POW permitting,
Slide 13: Mulwarrie Gold Project – High grade strategically located
Mulwarrie Gold Project – High grade strategically located • Major MRE update in August 2025 - 350koz @ 3.6 g/t Au. • Multiple lodes from surface in a > 3km long gold system, drilled <20% of target area. • Major growth upside in a very poorly explored project • GG8 have 2 rigs extending this resource
Slide 14: Mulwarrie – New High-Grade Resource
Mulwarrie – New High-Grade Resource August MRE update: Indicated and inferred - 3Mt @ 3.6 g/t Au for 350koz 5m @ 95 g/t Au fr. 73m 17MWRC008 (475 gm) 7m @ 19.9g/t Au fr. 53m 17MWRC010 (140 gm) 8.2m @ 23.5 g/t Au fr. 217.6m MWEX012 (193 gm) 9m @ 13.3g/t Au fr. 176m 17MWRC108 (120 gm) 13m @ 14 g/t Au
Slide 15: Mulwarrie – New drilling outside of the August resource
Mulwarrie – New drilling outside of the August resource gorillagold8.com | ASX:GG8 15
Slide 16: Vivien Project
Image: Vivien Gold Project Vivien Project: • 278koz @ 4.1 g/t Au in resource. • High grade gold mine 10km west of Leinster, WA - last operated in 2023 • Prior focus on high-grade production, excellent ore bodies - underexplored. • Granted Mining Leases very close to mills. PLAN – FIND ANOTHER VIVIEN
Slide 17: Vivien – Growth upside
Vivien – Growth upside Exploration to test the footwall or along strike positions to Vivien main lode gorillagold8.com | ASX:GG8 17
Slide 18: Upcoming Work Program
Target Cash Spend Composition Upcoming Work Program 7% Drilling Planned discovery and growth work to drive resource potential 37% Ground Support, 56% Targeting & Studies Corporate *Assumes ongoing drilling from 4-5 rigs & excludes non-cash items including share-based payments, depreciation & amortis
Slide 19: Why invest with Gorilla?
Why invest with Gorilla? High-Grade Strategy Great Jurisdiction Quality Projects x3 Experienced Team Very Active Grade is king. The best WA’s Eastern Goldfields is Former high-grade gold Experienced Board and Gorilla is doing what it place to find a new the best place to mine in mines where the focu
Slide 20: Appendices
Image: Comet Vale Appendices gorillagold8.com | ASX:GG8 20
Slide 21: Gorilla Gold – Mineral Resources
Gorilla Gold – Mineral Resources Table 1: Gorilla Gold – Mineral Resource Indicated Inferred Total Tonnage Au Grade Tonnage Au Grade Tonnage Au Grade Category Au Moz Au Moz Au Moz (Mt) (g/t) (Mt) (g/t) (Mt) (g/t) Comet 1.7 4.1 0.22 5.6 3.5 0.64 7.3 3.7 0.86 Vale Mulwarrie 1.3 2.8 0.11 1.8 4.2 0.24 3
Slide 22: Mineral Resources – Comet Vale
Mineral Resources – Comet Vale Table 1: Comet Vale Mineral Resource Estimate Summary The Company confirms that it is not aware of any new information or data that materially affects the information as previously released on 15 December 2025 and all material assumptions and technical parameters under
Slide 23: Mineral Resources – Mulwarrie Gold Project
Mineral Resources – Mulwarrie Gold Project Existing total JORC Resource at Mulwarrie of 350koz at 3.6g/t Table 1: Mulwarrie Mineral Resource Estimate Summary Mulwarrie Mineral Resource Estimate Summary (0.5g/t cut-off Open pit, 1.1 g/t Underground) Category Tonnage (Mt) Au Grade (g/t) Au Ounces Infe
Slide 24: Mineral Resources – Vivien Gold Project
Mineral Resources – Vivien Gold Project Existing total JORC Resource at Vivien of 278koz at 4.1g/t Table 1: Vivien Mineral Resource Estimate Summary Comet Vale March 2023 Depleted Open Pit Resource (Au>=0.5g/t OP) Category Tonnage (Mt) Au Grade (g/t) Au Ounces Indicated 0.15 4.9 24,000 Inferred 1.95
Slide 25: Mineral Resources – Labyrinth Gold Project
Mineral Resources – Labyrinth Gold Project Existing 500koz at 5.0 g/t and represents a low-cost option on further exploration success Table 1: Labyrinth Mineral Resource Estimate Summary by Lode Inferred Lode Tonnage (Mt) Au Grade (g/t) Au Ounces Boucher 1.0 5.7 190,000 McDowell 1.0 4.5 150,000 Talu
Slide 26: Peer comparisons – source data
Peer comparisons – source data Peer Company Financial Resource Sources Measured Indicated Inferred Grade Contained Code Name Stage Market Cap Cash Enterprise Value Resource (Mt) (Mt) (Mt) (Mt) (g/t) Ounces (koz) Financial Resource BNZ Benz Mining Resource $920m $94m $825m 21.7 2.2 29/01/2026 - TRANS
Slide 27: Previous Announcements
Previous Announcements This presentation refers to historic press releases: This presentation refers to historic press releases: • Major Resource Upgrade for Comet Vale (refer ASX Announcement 15 December • Lakeview high-grade Intercepts Grow Mineralisation (refer ASX Announcement 28 February 2025)
Slide 28: Contact
Contact Charles Hughes|CEO admin@gg8.com.au gorillagold8.com | ASX:GG8
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