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Tanzania 101

Change in substantial holding

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Announcement summary

Change in substantial holding

Dear shareholders, I am pleased to announce that our company, Marvel Gold Limited, has achieved positive results in our financial performance for the first half of 2023. While revenue figures were not reported, we were able to decrease our net loss by 27% to A$5 million. This improvement was primarily driven by significant reductions in exploration expenses, share-based payments, and corporate/administration expenses. Furthermore, our basic earnings per share remained flat at -A$0.01, excluding extraordinary items. We continue to focus on our gold exploration projects in South Mali, specifically the Tabakorole, Yanfolila, and Kolondieba projects, which show promising potential. Thank you for your continued support. Sincerely, [Owner's Name]

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