Goldgroup Mining Inc.
For the period ended Sep 11, 2026. Filed Sep 11, 2026.
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Sep 11, 2026 · Filed Sep 11, 2026
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EX-99.1 · Next Steps – Technical Study and Potential Restart
Next Steps – Technical Study and Potential Restart
Drilling continues at San Francisco, with additional assay results expected over the coming months as the 26,000-metre program advances.
Results will be progressively incorporated into the Company’s geological and structural models, resource evaluation, geotechnical characterization and mine planning work.
The drilling program forms part of a broader technical initiative to evaluate the potential restart and optimization of the San Francisco operation. The Company has budgeted approximatelyUS$8.5 million for the current drilling program and expects the broader technical study to be completed inQ4 2026.
That study is expected to integrate updated geological and resource information with mine planning, geotechnical, metallurgical, processing, infrastructure, capital and operating cost considerations to evaluate the technical and economic potential of restarting operations.
In parallel, the Company has developed a plan for the potential refurbishment of the crushing circuit and ADR plant. Subject to the results of the technical study and the Company’s subsequent development decision, this work could support a potential restart of operations inQ1 2027.
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