Brookmount Gold Provides Indonesian Production Update

Rhea-AI Summary

Brookmount Gold (BMXI) reports significant improvements in ore grades from its Indonesian mining operations, with recent testing showing gold grades of approximately 20 grams/tonne from a 7.5-tonne batch. This marks the highest grade since taking control of Indonesian operations, following strategic decisions to deepen primary shafts to 70 meters and create horizontal extraction shafts. The company expects production and sales to increase substantially in coming months. Current gold prices at US$111/gram, up 4% due to Middle East tensions, combined with fixed production costs and higher ore yields, are expected to boost profitability. The company also plans to update shareholders on an upcoming transaction with Principal Solar, including plans to expand into rare earth mineral assets in North America.

Positive

• Record high ore grades of 20 grams/tonne discovered in recent 7.5-tonne batch
• Strategic shaft deepening to 70 meters showing positive results
• Gold price increase of 4% to US$111/gram benefits revenue
• Fixed cost structure (mainly wages) allows for higher profit margins as gold prices rise

Negative

• None.

RENO, NV / ACCESS Newswire / June 13, 2025 / Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC PINK:BMXI), a gold exploration and production company, is very pleased to confirm that ore grades from our 4 operating mine shafts, have been steadily increasing over the past 2 weeks.. Random testing of the latest batch (7.5 tonnes) of ore heading to our crushing and processing facilities, has indicated gold grades of close to 20 grams/tonne. This represents the highest grade recorded since the Company assumed full control of our Indonesian operations, and endorses decisions taken by our mining team some weeks ago, to increase the depth of our primary shafts to a minimum 70 meters and create horizontal extraction shafts following the ore seams at greater depth. We anticipate that production and sales from our mining operations will increase significantly over the next few months as these higher yield areas are exploited.

It is certainly fortuitous for Brookmount, that potentially higher revenue from our production will, simultaneously, be positively impacted by recent and projected increases in the gold price. As at the date of this release, the price of pure (99%+) gold was US$111/gram, having increased by close to 4% over the previous day. The commencement of hostilities in the Middle East and consequential uncertainties and risks for the global economy are driving this dynamic. Given that the majority of costs in our production process (wages) are fixed, and against the background of higher yields from our ore, as outlined above, increases in the gold price will reflect directly in higher profitability for the Company over the next few months.

As part of our effort to improve outreach and communication with our shareholders, we will continue to maintain a steady flow of updates and significant developments at both a financial and strategic level. To this end, next week we will be updating progress on the forthcoming transaction with Principal Solar, including a strategy to acquire and develop rare earth mineral assets, in collaboration with our gold asset portfolio in North America.

About Brookmount Gold

Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on OTC Markets in the United States (OTC: BMXI). With producing gold mines in Southeast Asia and exploration and development properties in North America, the Company is also focused on acquiring and developing additional high-quality gold and rare earth mineral assets with JORC/NI 43-101 verified resources.

Safe Harbor Statements:

Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward- looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount's common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Investor Relations Contact:
Kevin Sakser: Tel# 813 4945756
Kevin Holmes: Tel # 410 8253930
Website: https://www.brookmountgold.com

Corporate Contact:
corporate@brookmountgold.com

Social Links: Brookmount Gold X (Formerly Twitter);
https://x.com/brookmountgold

SOURCE: Brookmount Explorations, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the current gold grade reported by Brookmount Gold (BMXI) in their Indonesian mines?

Brookmount Gold reported gold grades of approximately 20 grams/tonne from their latest 7.5-tonne batch, the highest grade recorded since taking control of Indonesian operations.

How deep are BMXI's primary mining shafts in Indonesia?

Brookmount Gold has increased the depth of their primary shafts to a minimum of 70 meters, along with creating horizontal extraction shafts following the ore seams.

What is the current gold price mentioned in BMXI's update?

The price of pure (99%+) gold was reported at US$111/gram, representing a 4% increase over the previous day.

What are Brookmount Gold's (BMXI) expansion plans with Principal Solar?

Brookmount Gold plans to announce details of a transaction with Principal Solar, including a strategy to acquire and develop rare earth mineral assets in North America.

How will the increased gold prices affect BMXI's profitability?

With fixed production costs (mainly wages) and higher ore yields, increases in gold prices are expected to directly improve the company's profitability over the next few months.