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Pro-mining investment framework

  • Mineral Rights, Licenses & Permits:

    • Exploration Permits – 4 years and 2 x 3 year extensions with one ¼ relinquishment

    • Mining Permits- Granted for life of mine, up to 20 year term and renewable in further 10 year allotments

  • State Carried Interest - 10% free carry and up to 15% contributing

  • 25% Corporate tax rate

  • Ad valorem sliding scale royalties

  • Commercial terms negotiable 

 

Ivory Coast: Proven Birimian Terrain

  • 3,584km² gold portfolio

  • Entire Country underlain by prolific Birimian Greenstone Belts

  • Underexplored yet hugely prospective

  • Major gold bearing regional structures with operating mines; Tongon (5Moz), Yaoure (2.8Moz), Bonikro (2.7Moz)

  • Majors and mid-tiers actively exploring (Barrick, Newcrest, Centamin and Resolute)

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ZARANOU PROJECT AREA - MULTIPLE TARGETS DEFINED

location of currently reported results within a broader 40km strike length target shear zone with coincident artisanal workings

location of currently reported results within a broader 40km strike length target shear zone with coincident artisanal workings

  • Over 40km of strike with multiple gold occurrences defined

  • Coincident large scale artisanal workings; alluvial and ‘hard rock’

  • 8 high priority targets identified

  • Historical results (1930’s)

    • Quartz vein zones

    • Up to 60m thick and >300m in length

    • Averaging 1.5g/t to 12g/t Au

    • Mineralised up to 10m either side of veins into pyritic schists

  • Historical drilling results (1990-2008)

    • 21m at 2,2g/t including 5m at 5.7g/t Au


VAVOUA PROJECT AREA

  • 1,114km² ground holding

  • Highly anomalous reconnaissance auger drilling results:

    • 2.3g/t Au

    • 0.53g/t Au

  • Magnetics data confirms strike extension over 40km of a major Shear Zone which also hosts the world class 1.73Moz JORC compliant Abujar project to the south of the Company’s Vavoua portfolio

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KINETA PROJECT AREA - CONTIGUOUS GROUND HOLDING

  • 1,532km² ground holding

  • Artisanal workings defined over 8km strike

  • Along strike from Konkera (3.3Moz) and Wa-Lawra (2.1Moz) deposits

  • High-grade rock-chip results

  • Soil anomaly defined at Kineta North

Artisanal gold workings at the marahui (southern) application

Artisanal gold workings at the marahui (southern) application

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BIANOUAN & BODITE
GOLD PROJECTS

  • 540km² land holding

  • Along strike from c.17Moz, 5.5Moz and 5Moz deposits

  • Target areas defined in rock chips, soils and artisanal sites

  • Bodite auger drilling underway

  • Bianouan trenching, pitting and extensional soils completed

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