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U.S. GOLD CORP.

For the period ended May 13, 2026. Filed May 15, 2026.

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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

May 13, 2026 · Filed May 15, 2026

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USAU$11.33+7.1%Stored close · as of Nov 6, 2026
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Contents

EX-99 · Table 22.1: Grindability Test Quantities

Table 22.1: Grindability Test Quantities

ParameterBond Ball Mill WiBond Rod Mill WiSMC TestBond Abrasion Index
SGS 11868-0015130
BML 8825010
BML 19903300
Hazen 128273033
Hazen 13295121200
Total281643
Average Value15.616.2--
% Relative Std. Dev.8.5%7.6%--

Of note, the comminution circuit equipment selection uses primarily Bond work index data, of which there are 44 data points. A quality control problem was identified with the ball mill work index tests conducted in program BL1990, and a correction was applied based on a published procedure (Nikolić, 2022) using the comminution consultant’s database of over 5,000 ball mill work index tests.

CK Gold Project S-K 1300 Technical Report320May 2026

The expected relative standard deviation of a grinding circuit design database is between 10% and 20% of the work index average value based on the comminution consultant’s global database of over 40 projects with large grindability datasets. The rod mill and ball mill work index standard deviations for the Project did not meet this expectation, which is interpreted as meaning that the full variability of the deposit may not have been captured by the current data set. The comminution equipment design criteria and resultant sizing/selection calculations therefore make allowance for greater variability in ore grindability than what is indicated in Table 22.1 via additional contingency allowances.

Values for the comminution circuit design criteria are summarized as follows:

●Nominal throughput:20,000 short tons per day
●Availability:91.3%
●Design throughput:828 dmt/h (913 st/h)
●Cyclone overflow P80:90 µm
●Flowsheet selected:SABC-A
●Design work index for ball milling17.9 kWh per metric tonne (average value + 15% contingency)
●Design work index for rod milling19.4 kWh per metric tonne (average value + 20% contingency)
●Design crushing work index15.0 metric per metric tonne (allowance)

The flowsheet design parameters are also shown in Figure 22.1.

The decision to include a pebble crusher in the flowsheet is based on the relationship between the ore’s Bond Ball Mill Work Index (BWi) and Bond Rod Mill Work Index (RWi). Figure 22.2 was provided by Alex Doll, it displays CK Gold samples (indicated in purple) relative to the red and green shaded regions. These samples, along with the selected design parameters (RWi of 19.4 kWh/t and BWi of 17.9 kWh/t), plot on the periphery of the “optional pebble crushing” zone. This suggests a pebble crusher is required to prevent the accumulation of critical-size material.

CK Gold Project S-K 1300 Technical Report321May 2026
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.