- G2 Goldfields Inc. is scheduled to release its **maiden Preliminary Economic Assessment (PEA)** for the Oko Gold Project in **November**, which will evaluate the economic viability of a standalone mining operation.  **[1538847_14a07dc19ee549ee8d165b5cba3ec5e4_0]** **[1538847_14a07dc19ee549ee8d165b5cba3ec5e4_1]** 
- The company anticipates completing the **spin-out of G3 Goldfields Inc. in December**, with G2 shareholders receiving **one G3 share for every two G2 common shares held**.  **[1538847_14a07dc19ee549ee8d165b5cba3ec5e4_0]** **[1538847_14a07dc19ee549ee8d165b5cba3ec5e4_1]** 
- Exploration activities are ongoing, with **drilling underway** on multiple high-priority targets, and **visible gold identified** in two of five maiden drill holes in the new border zone.  **[1538847_14a07dc19ee549ee8d165b5cba3ec5e4_0]** **[1538847_14a07dc19ee549ee8d165b5cba3ec5e4_2]** 
- As of March 1, 2025, the Oko Main Zone (OMZ) has **808,000 oz. Au Indicated** and **513,500 oz. Au Inferred**, while the Ghanie Zone has **663,400 oz. Au Indicated** and **1,024,500 oz. Au Inferred**.  **[1538847_14a07dc19ee549ee8d165b5cba3ec5e4_7]** **[1538847_14a07dc19ee549ee8d165b5cba3ec5e4_8]** **[1538847_14a07dc19ee549ee8d165b5cba3ec5e4_9]**

G2 Goldfields Provides Corporate and Exploration Update

- GoldMining Inc. announced initial assay results from its **2025 RC drilling program** at the S\u00e3o Jorge Project in Brazil, as of **October 20, 2025**.  **[1538847_20251020TO01669:0]** 
- The program identified **four new gold prospects** (Dragon West, William North, Ivonette, and William South) within a **3.5 km radius** of the existing S\u00e3o Jorge deposit.  **[1538847_20251020TO01669:0]** 
- Significant drill intercepts include **1 meter at 5.98 g/t gold** at Dragon West and **4 meters at 1.78 g/t gold** at William South.  **[1538847_20251020TO01669:0]** 
- A total of **8,514 meters of drilling** has been completed to date, with further RC drilling planned to define the extent of mineralization.  **[1538847_20251020TO01669:0]**

GoldMining Reports Initial Drill Results from S\u00e3o Jorge Project

- GoldMining Inc. reported a **net loss of $103 thousand** for the three months ended August 31, 2025, a substantial improvement from a net loss of $9,480 thousand in the prior year period.  **[1538847_0001437749-25-030866_ex_866936.htm:1]** 
- The company achieved **total comprehensive income of $46,331 thousand** for the three months ended August 31, 2025, largely due to a **$53.1 million unrealized gain on revaluation of long-term investments**.  **[1538847_0001437749-25-030866_ex_866936.htm:1]** **[1538847_0001437749-25-030866_ex_866937.htm:13]** 
- Operating loss decreased to **$7.6 million** for the three months ended August 31, 2025, compared to $8.1 million in the same period of 2024, driven by reduced exploration expenses.  **[1538847_0001437749-25-030866_ex_866937.htm:11]** 
- **Net cash generated from investing activities was $2.0 million** for the nine months ended August 31, 2025, primarily from the sale of NevGold shares, while **$8.9 million was provided by financing activities** through ATM programs.  **[1538847_0001437749-25-030866_ex_866937.htm:20]** 
- On **July 1, 2025**, GoldMining Inc. entered an earn-in agreement for its Boa Vista Gold Project, potentially allowing Australian Mines Limited to acquire up to an **80% interest**.  **[1538847_0001437749-25-030866_ex_866937.htm:5]**

GoldMining (GLDG)