PR & News
Brookmount Gold Shares Key Updates on Indonesian Operations and PCAOB Audit.
Jan 15, 2025
Brookmount Gold Shares Key Updates on Indonesian Operations and PCAOB Audit.
Reno, Nevada, Jan. 15, 2025 – Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC: BMXI), a gold
exploration and production company, provides an update on its ongoing initiatives as it continues to advance
its strategic priorities.
Audit Progress and Transparency
The Company anticipates that its PCAOB audit review will be completed within the next 30 days. This
follows the finalization of the US GAAP audit process and underscores Brookmount’s commitment to
transparency and accountability.
Advancing Operations in Indonesia
Brookmount’s management team is currently on-site in Indonesia, overseeing the commencement of
production which follows completion of the transition of full operational control at our Indonesian mine. As
anticipated, mining operations began on Saturday with a 24hr 3 shift rotation. Production involves a
dedicated workforce of 30 contract miners operating across shafts in a key location on the property.
Following completion of the initial smelting process on Saturday, production volumes will be scaled up to a
cycle of 4 production runs per month. Management is please to confirm that ore extraction rates over the
initial three days of mining have been 30% ahead of planned volumes.
The introduction of efficiency measures, including enhanced protective equipment for miners, increased
security measures such as CCTV and monitors at shaft locations, appointment of additional shift managers
at the site, and introduction of new, heavy duty hydraulic drills, demonstrates Brookmount’s commitment to
operational safety and its focus on building a sustainable, efficient mining operation. With January marking
the official start of production under new management, full acquisition of our Indonesian mining operation
represents a significant step forward in the Company’s growth strategy.
Statement from Management
“We are excited to see the progress at our flagship Indonesian mine and launch full-scale production this
month.” Commented Nils Ollquist, CEO of Brookmount. “Completion of the takeover of operations will
enable the Company to become cash flow positive and generate capital for expansion and improvement of
operations as well as amortisation of debt. The introduction of enhanced operating systems and protocols,
and a disciplined and focussed expansion plan reflects our commitment to a better and more profitable
operation,” said Company CEO Nils Ollquist. “Our upcoming investor call will allow us to further connect
with investors and discuss key issues such the Indonesian operational transition, financial audits and thepathway to listing for BMXI shares.. Management remains steadfast in its mission to deliver long-term value
for our shareholders”
Investor Call Reminder
The company wishes to remind its stakeholders about the upcoming investor call, as previously announced
through its official channels. This call will serve as a valuable opportunity for the management team to
engage directly with stakeholders and provide updates on the company’s progress. Details of the investor call
can be found on OTCMarkets at https://www.otcmarkets.com/otcapi/company/dns/news/document/79467/
content.
About Brookmount Gold
Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on OTC Markets in
the United States (OTC: BMXI). With operating gold mines in Southeast Asia and exploration and
production assets in North America, the company is focused on acquiring and developing high-quality gold
assets with JORC/NI 43-101 verified resources.
Safe Harbor Statements:
Except for the historical information contained herein, certain of the matters discussed in this communication
constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995.
Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict,"
"project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal,"
"objective," "continue" or the negative of such terms or other variations thereof and words and terms of
similar substance used in connection with any discussion of future plans, actions, or events identify forward-
looking statements. These forward-looking statements include, but are not limited to, statements regarding
benefits of the proposed license, expected synergies, anticipated future financial and operating performance
and results, including estimates of growth. There are a number of risks and uncertainties that could cause
actual results to differ materially from the forward-looking statements included in this communication. For
example, the expected timing and likelihood of completion of the pending transaction, including the timing,
receipt and terms and conditions of any required governmental and regulatory approvals of the pending
transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability
to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could
give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the
conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management
time from ongoing business operations due to the proposed transaction, the risk that any announcements
relating to the proposed transaction could have adverse effects on the market price of Brookmount's common
stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake
any obligation to update or revise any forward-looking statement in this report, except as required by
applicable law or regulations.
Investor Relations Contact: ir@bmxigold.com
Website: https://www.brookmountgold.com/
Corporate Contact: corporate@brookmountgold.com
Social Links: Brookmount Gold X (Former Twitter): https://x.com/brookmountgold