Hermitage Flexure

Overview

The Hermitage Project is a 233.5 km² gold-antimony opportunity covering approximately 27 kilometres of continuous strike along the Hermitage Flexure, a large crustal-scale structure and splay off the main Cape Ray Shear Zone.

Hermitage provides AuMEGA with a second district-scale exploration platform outside the main Cape Ray corridor. The project is characterised by an anomalous structural orientation, limited historical exploration and geochemical signatures that support a gold-antimony system with scale potential.

The project hosts one of the largest arsenic and antimony anomalies identified in Newfoundland, with confirmed association with gold. AuMEGA views Hermitage as an important pipeline opportunity while the 2026 program prioritises the highest-conviction drill targets at Cape Ray West / Isle aux Morts Granite and Bunker Hill.

The 2025 Hermitage program included the largest geochemical program completed by the Company over the area, covering nearly 100 km². Results will be used to refine the next phase of mapping, prospecting and target generation.

The previously identified North Limb Fault remains an important structural feature, spatially associated with gold mineralisation and interpreted to extend across a significant portion of the 27-kilometre project strike length.

High-resolution geophysical datasets and broad geochemical coverage are being integrated to improve the Company’s understanding of the structural architecture and to rank target areas for future work.

For 2026, Hermitage is best positioned as a pipeline target within the broader portfolio. Website language should avoid implying a committed drill program unless and until the Company announces one.