Stage 1 Processing Strategy

Stage 1 Process Flowsheet

Process Flowsheet

Stage 1 Plant

Mali Map

AGG plans to develop the Kobada Project in two stages. Both stages utilise similar processing technology. Stage 1 aims for the most effective use of pre-production capital expenditures while Stage 2 aims to optimise operating efficiencies (and hence operating expenditures).

Stage 1 is to target the production of 20,000 Au ounces per annum by processing 750,000 tonnes of ore per annum.

The plan is to focus predominantly on the laterite ore types and shallow, high grade quartz veins and saprolite that the resource is comprise of. The aim is maximising high early cash flow by mining shallow (low strip ratio) and higher grade parts of the resource.

The processing concept is simple, with crushing of harder ore types (laterite and quartz) to -2mm before scrubbing and gravity concentration. The concentrate is further separated on a shaking table prior to smelting to produce gold bars as dore’.

AGG anticipates that the coarse nature of the gold will allow gold recoveries of around 75% with this technology. Total pre-production capital expenditures are expected to be in the order of USD12 million.