Bomboré: a large multi-phase deposit

Largest undeveloped oxide gold deposit in West Africa

  • Near-surface, large tonnage, low grade gold deposit
  • 4.56 M&I + 0.72 Moz Inferred resource (April 2013)
  • +2 Moz of oxide resources in the top 50 m that is heap leachable, high grade based on heap leach comparables, high recoveries, low cost

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
  • +2 Moz of oxide resources in the top 50 m that is heap leachable, high grade based on heap leach comparables, high recoveries, low cost
  • 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
  • Full Feasbility released April 2015
  • Mining Permit Application submitted May 2015 with permit expected Q2 2016
  • Pending permitting and a full project financing, the project could achieve production after a 20 month construction phase with a planned capacity of 135,000 oz/yr for the first eight years