Kobada Mineral Resource Estimate

Kobada Gold Project Mineral Resource Estimate Above 0.3 g/t Au

Resource Category Mt Au g/t Au koz
Measured Mineral Resource 10.8 1.06 367
Indicated Mineral Resource 25.2 1.04 843
Total M&I Resource 36.0 1.05 1,210
Inferred Mineral Resource 39.0 1.0 1,205

Plan View of Mineral Resource

Resource Collar

Section View of Mineral Resource

Mali Map

The Kobada Measured and Indicated Mineral Resource totals 36 Million tonnes at 1.05g/t Au, containing 1.2 million ounces of gold.

The Inferred Mineral Resource contains a further 39 million tonnes at 1.0g/t Au for an additional 1.2 million ounces of gold.

The Kobada Mineral Resource stretches over 4km of strike, although the mineralised structure has been mapped over 12 km of strike.

The resource has been established from the drilling of more than 1,095 individual drill holes on the property, predominantly of diamond and reverse circulation drilling methods.

The total quantity of drilling completed to date is more than 126,000 metres (126km or 78.6 miles).

The resource comprises four main ore types:

  • Laterite ore, overlaying the main deposit;
  • Oxide ore types consisting of ultra-weathered saprolite containing quartz veins;
  • Transitional and fresh ore types consisting of partially and un-weathered sedimentary rocks and quartz veins.

The Kobada deposit is unusual for the depth of weathering, with the base of oxidation occurring up to 120m below surface in some locations.