05:34 PM EDT, 07/21/2025 (MT Newswires) -- Montage Gold ( MAUTF ) after trade Monday said the results of its H1-2025 Kone exploration program in Cote d'Ivoire, continue to support the company's short-term goal of discovering over one million ounces of measured and indicated gold resources.

So far, Indicated resources from satellite deposits have increased by 404,000 ounces, reaching 924,000 ounces at 1.32 grams per tonne of gold, with an additional 140,000 ounces of Inferred resources at 1.09 grams per tonne, the company added.

"Due to the ongoing successful results and drilling efficiency, the 2025 exploration program has been increased from 90,000 meters to 120,000 meters, with a corresponding budget increase of US$4 million to US$18 million," the company said.

The company added that Kone project construction continues to move rapidly, staying on budget and schedule.