Contango ORE Inc To Acquire Dolly Varden Silver Corp Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Marcus Giannini - Haywood Securities Inc - Analyst : (inaudible)

Question: Marcus Giannini - Haywood Securities Inc - Analyst : (inaudible)

Question: Marcus Giannini - Haywood Securities Inc - Analyst : Okay. All right. If you can hear me, I'll fire away so I won't hold you guys (inaudible). Okay. Cool. So yes, first off, I guess more of a question for Rick here. Just taking a look at some of the contango assets and obviously, nice to see some production coming out of Manh Choh. My question is really around mine life, longevity. How are you sort of taking on the issue of replacement here at the operation given your sort of exploration background? Do you see much upside on the exploration, expansion front there at site or within the property and JV? Or is the idea really to buckle down at Lucky Shot and hit that 400,000 to 500,000 ounce figure as sort of the next ore source?

Question: Marcus Giannini - Haywood Securities Inc - Analyst : Okay. Awesome. That's really, really helpful. And then just one last one here. Obviously, a few assets on the go with Lucky Shot, Johnson Tract and the pipeline on the Contango side. And then just thinking about Kitsault Valley, obviously, there's the updated resource slated for the first half of next year with the subsequent PEA. Shawn, I guess this one is more pointed towards you, but should we assume a more muted approach regarding exploration capital at LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 08, 2025 / 6:00PM, CTGO.A - Contango ORE Inc To Acquire Dolly Varden Silver Corp Kitsault. You guys have had some large programs over the previous years, and there's a lot of sort of drill results to digest there on the exploration front. But just wondering how you approach capitalizing on some of the exploration upside as you've highlighted some of those spectacular hits and the openness of multiple deposits at site.