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Mineral Inventory

The Koné Gold Project currently hosts two gold deposits, the Koné deposit and the Gbongogo Main satellite deposit which is situated approximately 35km north of the Koné deposit.

Koné Deposit - August 2021 Mineral Resource Estimate

Cut-off Grade Indicated Inferred
Au g/t Mt Au g/t Au Moz Mt Au g/t Au Moz
0.1 278 0.51 4.56 32 0.35 0.36
0.2 225 0.59 4.27 22 0.45 0.32
0.3 168 0.70 3.78 14 0.56 0.25
0.4 128 0.82 3.37 9.0 0.69 0.20
0.5 99.1 0.92 2.93 5.9 0.81 0.16
0.6 76.9 1.03 2.55 3.9 0.95 0.12
0.7 59.9 1.14 2.20 3.2 1.1 0.10
0.8 46.8 1.25 1.88 1.9 1.2 0.07

 

 

Notes:
1. Indicated Mineral Resources and Inferred Mineral Resources are reported in accordance with NI 43-101 with an effective date of the 12th of August 2021, for the Koné deposit within the KGP.
2. The updated MRE is reported on a 100% basis and is constrained within an optimal pit shell generated at a gold price of US$1,500/ounce.
3. The identified Mineral Resources are classified according to the “CIM” definitions of Indicated Mineral Resources and Inferred Mineral Resources.
4. The updated MRE was prepared by Mr. Jonathon Abbott of MPR Geological Consultants of Perth, Australia who is a Qualified Person as defined by NI 43-101.
5. The estimates at 0.2g/t cut-off grade represent the base case or preferred scenario. 
6. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Koné Deposit – February 2022 Mineral Reserve Estimate

    Oxide Transition Fresh Total
  Classification Mt Au g/t Au Moz Mt Au g/t Au Moz Mt Au g/t Au Moz Mt Au g/t Au Moz
South Pit Probable 9.8 0.57 0.18 7.9 0.56 0.14 141.4 0.67 3.05 159.1 0.66 3.39
North Pit Probable 0.9 0.47 0.01 0.4 0.46 0.01 0.6 0.57 0.01 1.9 0.50 0.03
Total Probable 10.7 0.56 0.19 8.3 0.56 0.15 142.1 0.67 3.06 161.1 0.66 3.42

 

 

Notes:
1. The Mineral Reserves are classified according to the “CIM” definitions with an effective date of February 14, 2022.
2. All Mineral Reserves were classified as Probable based on the Indicated Mineral Resource
3. The Mineral Reserve cut off grade range from 0.19 g/t to 0.31g/t based on a $1,250/oz gold price
4. The Mineral Reserve statement was prepared by Joeline McGrath of Carci Mining Consultants Ltd., who is a Qualified Person as defined by NI 43-101.
5. The figures in this tables are rounded to reflect the precision of the estimates and may include rounding errors.

Gbongogo Main Deposit - August 2023 Mineral Resource Estimate

Cut-off Grade Indicated Inferred
 Au g/t Mt Au g/t Au Koz Mt Au g/t Au Koz
0.1 20.9 0.94 632 1.1 0.23 8.1
0.2 16.8 1.13 610 0.26 0.52 4.3
0.3 15.1 1.23 597 0.18 0.64 3.7
0.4 13.5 1.33 577 0.13 0.77 3.2
0.5 12.0 1.45 559 0.09 0.89 2.6
0.6 10.6 1.56 532 0.07 1.0 2.3
0.7 9.30 1.69 505 0.05 1.1 1.8
0.8 8.20 1.82 480 0.04 1.2 1.5
0.9 7.20 1.95 451 0.03 1.4 1.4
1.0 6.40 2.08 428 0.02 1.5 1.1
1.2 5.00 2.34 376 - - -
1.4 4.00 2.60 334 - - -

 

 

Notes:
1. Rounding errors are apparent.
2. The updated Mineral Resources are reported in accordance with NI 43-101 with an effective date of the 7th September 2023, for the Gbongogo Main deposit within the Koné Gold Project.
3. The MRE is reported on a 100% basis and is constrained within an optimal pit shell generated at a gold price of US$1,500/ounce.
4. The identified Mineral Resources are classified according to the “CIM” definitions of Inferred Mineral Resources.
5. This Mineral Resource Estimate was prepared by Mr. Jonathon Abbott of Matrix Resource Consultants of Perth, Australia who is a Qualified Person as defined by NI 43-101.
6. The estimates at 0.50g/t cut-off grade represent the base case or preferred scenario. 
7. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Koné Gold Project - Combined Mineral Resources

Cut-off Grade Indicated Mineral Resource Inferred Mineral Resource
Deposit Au g/t Mt Au g/t Au Moz Mt Au g/t Au Moz
 Koné 0.2 225 0.59 4.27 22 0.45 0.32
 Gbongogo Main 0.5 12 1.45 0.56 - - -
 KGP Total 237 0.63 4.83 22 0.45 0.32

 

 

Notes:
1. See Table 1 for disclosures relating to the September 2023 Gbongogo Main MRE.
2. Inferred Mineral Resources for September 2023 Gbongogo Main MRE are not shown in the above table due to rounding
3. See press release dated August 19, 2021 for disclosures relating to the Koné deposit Mineral Resource Estimate (the “August 2021 Koné Deposit MRE”)