Green Springs

Green Springs is a Carlin-type gold project located in the southern end of the Cortez trend operated by Contact Gold (a wholly-owned subsidiary of Orla). Green Springs is 20 km southeast of Equinox Gold’s producing Pan Mine and 45 km south of Kinross Gold’s Bald Mountain mine complex. Green Springs is subject to a Centerra Gold Inc. earn-in right, under which Centerra may acquire up to a 70% interest in the project by funding US$10 million of exploration expenditures over four years.

Green Springs historically produced 74 koz of gold at 2.31 g/t in the late 1980s under US Minerals Exploration’s heap leach operation. Recent drilling in 2023 intercepted high grade mineralization including 1.97 g/t gold over 35.05 meters and 1.14 g/t gold over 27.43 meters in shallow oxides. Contact Gold indicated the 5,500-meter drill program in 2024, in partnership with Centerra Gold Inc (that has a right to acquire up to a 70% interest in the project), focused on follow up drilling of high priority targets to potentially expand the resource and further exploration drilling at depth and at frontier targets such as X-Ray, Whiskey, Foxtrot and Zulu.

Metalla holds a 2% NSR royalty on Green Springs.