Bomboré: a large multi-phase deposit

Largest undeveloped oxide gold deposit in West Africa

  • A Leveraged Multi-Phase Deposit
  • Phase 1 - HL/CIL oxide-only operation to process +2 Moz oxide resource
  • Phase 2 - Expansion of simple CIL circuit from cash flow to process +3 Moz sulphide resource
  • Over 11 km long,  Drilled only to 120m, open at depth and along strike

12 Moz discovery track record

Team has a 20 year, 12 Moz track record of discovery and development success in Burkina Faso

Investment Highlights

  • Bomboré gold deposit: The largest undeveloped gold deposit in the region that can be developed in stages
  • Approximately 2 Moz of resources occur within 45 m on average from surface with an additional 3 Moz resource of sulphide resource within 150 m from surface below the oxide cap
  • Over 11 km long, 200 m average width
  • Resource update completed April 29, 2013, next resource update H2 2015 including 50,000m of additional drilling
  • 4.56 Moz M&I + 0.72 Moz Inferred (NI 43-101, April 2013 using $1400Au, constrained to pit shells) 
  • 120 m avg. drill depth to date, open at depth and along strike
  • 85 km from capital of Burkina Faso, adjacent to highway
  • Over 430,000 m of drilling completed
  • Full Feasbility to be completed Q2 2015, Mining Permit Application Q2 2015 with permit expected Q1 2016
  • Target Production 2017 based on combined HL/CIL oxide-only process facility (123,000 oz/yr with potential to grow to 250,000 oz/yr with a CIL plant expansion in future years)