VI Group Congratulates Tasmanian Gold on the Successful Completion of the Beaconsfield Project Transaction

VI Group warmly congratulates Tasmanian Gold Pty Ltd on the successful sale of the Beaconsfield Gold Mine Project to Harvest Mining Holdings Pty Ltd, with the transaction executed in the second half of 2024 and completed by year-end.

Located in Tasmania’s highly prospective Western Lachlan Fold Belt, the Beaconsfield Gold Mine is one of Australia’s historically highest-grade gold mines.

**Figure: On-site View of the Beaconsfield Gold Mine Project**

With a JORC resource of 483koz at an average grade of 10.3g/t Au, fully permitted infrastructure, and a clear path to restart production within six months, the Project offers immediate cash flow opportunities and long-term upside potential exceeding 2Moz. The mine’s rich legacy, combined with upgraded CIL and flotation facilities and tailings retreatment potential, positions it as a rare near-term producer with significant expansion potential.

**Figure: Beaconsfield Gold Mine, Located in the Prolific Western Lachlan Fold Belt**

VI Group is proud to have supported Tasmanian Gold in this important milestone. Our team acted as advisors to the seller, providing technical preparation, project marketing, and buyer identification services throughout the process.

We extend our sincere congratulations to both parties and look forward to the Beaconsfield Project’s next chapter. We believe the Project will bring substantial value to its new owners and continue to contribute to the economic development of Tasmania and Australia’s gold sector.