Ibel South
Project Senegal

The Ibel South permit lies within the Birimian Volcanics of the Kenieba inlier, which has reported in excess of 40 million ounces of gold in resources being mined or under development1.

The project lies approximately 80 km SW of the 8.72 Moz Teranga Gold Corporation (TSX: TGZ), Sabodala-Massawa gold mine (in production)2 and 30km south of the 1.5 Moz Resolute

Mining (ASX: RSG) Mako gold mine (in production)3.

There are active artisanal surface workings on-site and Ibel South contains known gold anomalies from historical gold exploration. Recent termite mound sampling, yielded a 2.5 km long anomaly containing up to 643 ppb gold and providing immediate drill targets4.

The Ibel South Gold Project can also be serviced from the Company’s existing exploration camp and sample preparation facilities.

1. Refer to Haranga Resources Prospectus, dated 29th October 2021, Independent Geological Report Haranga Gold and Uranium Projects, West Africa, page 64, released on the ASX 25 January 2022.

2. Refer to Endeavour Mining, Technical Reports, Teranga Gold Corporation-Sabodala-Massawa Gold Project PFS NI43-101 Technical Report 21 August 2020 (https://www.endeavourmining.com/our-business/sabodala-massawa-mine)

3. Refer to Toro Gold Ltd Annual Report 2018.

4 Refer to ASX Announcement 3 July 2023 Geochemical Survey Yields Walk-Up Drill Targets at IBEL SOUTH Gold Permit

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