Experienced Mining Professional appointed to lead Jugan Project

Besra Gold Inc (Besra or the Company) is very pleased to announce the appointment of Mine Development Specialist, Mr Matthew Antill (BEng [Mining] and Fellow of AUSIMM) as Managing Director of Besra’s Malaysian operating subsidiary, North Borneo Gold Sdn Bhd where he will head the mining and development team. Mr Antill will have responsibility for moving the Jugan Project towards commercialisation, through Pilot Production and delivery of the Definitive Feasibility Study.

Mr Antill’s career spans over three decades in mining and mine development, with significant senior operational management experience and oversight of studies in both open pit and underground operations. He specialises in gold, including refractory and narrow vein operations.

As Chief Production and Mine Development Officer at Monument Mining Limited since 2018, he played a pivotal role in the commencement of multiple open pit mines and commissioning the ~1mtpa sulphide gold processing circuit at the Selinsing Gold Mine in Malaysia. Mr Antill successfully managed the transition of the mine from oxide ore production to the commencement in late 2023 of gold concentrate production from sulphide ore.

Prior to that, as General Manager Operations at Rox Resources in Western Australia, Mr Antill managed various studies and metallurgical test work for the Youanmi Gold Mine, evaluating multiple processing treatment options and mining scenarios for the company’s mix of open pit and underground operations. Youanmi is host to a Resource of 2.3moz Au, including refractory ore, with a recently completed PFS targeting a >100kozpa Au.

Other senior operational leadership experience includes roles at Lafayette Mining Philippines, Fox Resource’s Radio Hill, Citic Pacific’s Sino Iron Project and Saracen Metals’ Thunderbox Mine.

Known for his practical and innovative mine design solutions, Matthew leads by example with a hands-on management style, building diverse and high-performing teams to execute plans.

A Fellow of the AusIMM, Matthew holds a Bachelor of Mining Engineering from the University of Queensland and a Western Australian and Queensland First Class Mine Managers Certificate of Competency.

Appointment Letter

Commencing 1 November 2024, Mr Antill is to be appointed to the Board (as Managing Director) of Besra’s Malaysian operating subsidiary, North Borneo Gold Sdn Bhd.

As Managing Director of North Borneo Gold Sdn Bhd, Mr Antill will report to the Board of Besra, will be remunerated at the rate of A$400,000 per annum (plus superannuation) and will serve a three month probationary period.

Subject to the satisfactory completion of Matthew’s probationary period, he (or his nominee) will be entitled to be allotted 1.2 million Besra performance rights to be issued on the terms and conditions set out in Schedule 1 (also refer Appendix 3B of today’s date).

All other terms and conditions of Mr Antill’s appointment letter are considered standard for an agreement of this nature.

This announcement was authorised for release by Kenny Lee (Executive Director).

Michael Higginson

Company Secretary