Borealis is host to an operational-ready gold mine. The project has produced over 600,000 oz of gold historically through conventional heap leaching and contains a significant endowment of unmined gold mineralization. In addition to the expansion potential at the known historical resources, the project is genuinely underexplored and has significant potential for new gold discoveries across the large 21 square mile land package. Borealis intends to mine gold from its existing deposits, aggressively explore the fertile geology across the Borealis land package, and look for additional gold assets in Nevada that could utilise Borealis’ existing processing plant and infrastructure to minimize capital expenditures.

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