Contango ORE Inc. has announced the completion of the third production campaign of 2025 by the Peak Gold Joint Venture (JV), with Contango's 30% share amounting to approximately 17,000 ounces of gold. This result surpasses the company's original guidance of 15,000 ounces for the campaign. The campaign, which operated from August 12 to September 15, 2025, processed about 287,000 tons of ore at an average grade of 0.214 ounces per ton, yielding a total of around 61,400 ounces of gold on a 100% basis and achieving a gold recovery rate of 92.5%. Of the recovered gold, about 56,800 ounces were produced, with Contango's share totaling just over 17,000 ounces. The Peak Gold JV also distributed $33 million in cash to Contango for this campaign, bringing the company's total year-to-date cash distributions from the JV to $87 million. In addition, the JV is conducting a test campaign blending Manh Choh and Fort Knox ores at a 1:10 ratio to assess the feasibility and cost efficiency of processing blended ores. Results from this test are expected in early October. Contango's management highlighted the strong performance and continued operational improvements reflected in these results.