Séguéla Gold Project

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Séguéla Gold Project

The Séguéla Gold Project is located in Côte d’Ivoire and was acquired by Roxgold in April 2019 as part of a portfolio comprised of 11 regional exploration permits. The total land package is approximately 3,298km2 including the advanced exploration Séguéla gold project that hosts the near surface Antenna gold deposit, which was discovered in 2016.

Séguéla is located approximately 240 kilometres north-west of Yamoussoukro, the political capital of Côte d’Ivoire, and approximately 480 kilometres north-west of Abidjan, the commercial capital of the country. The Antenna gold deposit consists of near-surface, potentially open pittable mineralization and is ideally located near existing infrastructure including grid power, transport and water resources. A maiden mineral resource was declared at Séguéla’s Antenna deposit in December 2017 in accordance with JORC 2012 containing an inferred resource of 5.8 million tonnes at 2.3 grams per tonne for 430,000 ounces of gold*. Roxgold is currently undertaking a conversion of the maiden JORC compliant mineral resource to National Instrument 43-101 standards with completion expected in the second quarter of 2019.

The Séguéla gold project presents a significant opportunity to further assess multiple priority exploration targets within 15 kilometres of the Antenna deposit. These targets have the potential to increase the resource base and enhance the potential economics of the Séguéla project by adding low-cost near surface ounces.

The remaining exploration permits are located across prospective Birimian greenstone belts in the established mining jurisdiction of Côte d’Ivoire and include highly prospective early stage projects. These early stage, prospective regional opportunities exist on the Dimbokro, Dianra North and South, Boundiali and Bouake Permit. which have significant exploration potential.

* Newcrest declared an inferred mineral resource of 5.8Mt at 2.3 g/t Au for 430koz Au for the Antenna Deposit in their Annual Mineral Resources and Ore Reserves Statement – 31 December 2017 in accordance with JORC 2012, released to the ASX on 15 February 2018. The mineral resources presented are as defined under the JORC Code, which is materially consistent with National Instrument 43-101.