Resources and Reserves

Morila Gold Project Mineral Resources

Deposit Indicated  Inferred  Total 
Tonnes
(millions)
Grade
(g/t)
Ounces
(‘000)
Tonnes
(millions)
Grade
(g/t)
Ounces
(‘000)
Tonnes
(millions)
Grade
(g/t)
Ounces
(‘000)
Morila Pit 121.21.601,09017.51.3777038.61.501,860
Morila NE 20.213.07210.213.0721
Samacline 23.742.563083.742.56308
Morila Pit 5 3,40.400.92120.141.1450.540.9817
N’Tiola 3,42.551.03840.351.04122.901.0496
Viper 32.471.16920.751.10273.231.15119
Domba 50.201.75110.251.61130.461.6725
Koting 40.651.04220.280.9480.931.0130
Total27.451.491,31323.171.561,16050.621.522,474

1 The Morila Pit resource is quoted using a 0.4g/t gold cut-off grade, refer ASX Announcement 8th February 2021.
2 The Samacline and Morila NE resources are quoted using a 1.8g/t gold cut-off grade, refer ASX Announcement 8th February 2021.
3 The N’Tiola, Viper, Pit 5 and Koting resources are quoted above cut-off grades based on current costs (0.35 – 0.5g/t), refer ASX Announcements 3rd May 2021 and 25th March 2022.
4 The Viper and Pit 5 resources have been depleted for mining as at 31 December 2021.
5 The Domba resource is quoted using a 0.5g/t gold cut-off grade, refer ASX Announcement 24th November 2020.
6 Numbers in the above table may not appear to sum correctly due to rounding.

Morila Gold Project Ore Reserves

Deposit Probable  Total 
Tonnes
(millions)
Grade
(g/t)
Ounces
(‘000)
Tonnes
(millions)
Grade
(g/t)
Ounces
(‘000)
Morila Pit 119.81.47932.019.81.47932
N’Tiola 22.130.76742.11.0874
Viper 31.301.46431.301.4643
Koting 30.630.98200.630.9820
Total23.81.401,07023.81.401,070

1 The Morila Ore Reserve is quoted using a 0.43 g/t gold cut-off grade.
2 The N’Tiola Ore Reserve is quoted using a 0.51 g/t gold cut-off grade.
3 The Viper and Koting Ore Reserves are quoted using a 0.49 g/t gold cut-off grade.
NB Numbers in the above table may not appear to sum correctly due to rounding.

The above information is current and is extracted from ASX Announcements of 8th February 2021 and 31 March 2022 (Morila Resource and Ore Reserves), 24th November 2020, 3rd May 2021, 10th August 2021 and 25th March 2022 (N’Tiola, Viper, Domba, Koting, Morila Pit 5), and 17th January 2022 and 28th January 2022 (Morila Gold Production and Production Targets).

The Company confirms that it is not aware of any new information or data that materially affects the Mineral Resources at Goulamina and Morila and the production estimates for Goulamina. The Company also confirms that all material assumptions and parameters underpinning the Mineral Resource estimates and production estimates continue to apply and have not materially changed.

The information presented that relates to Exploration Results and Mineral Resources is based on information compiled under the supervision of Mr Bill Oliver BSc (Hons), an employee of Firefinch Limited. Mr Oliver is a member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the JORC Code’)”. Mr Oliver consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information presented that relates to Ore Reserves at Morila, N’Tiola, Viper and Koting is based on information compiled by Mr Ross Cheyne. Mr Cheyne is an employee of Orelogy Consulting Pty Ltd and is a Fellow of the Australian Institute of Mining and Metallurgy (Membership # 109345). Mr Cheyne has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the JORC Code’)”. Mr Cheyne consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.