Acquisition Date

2022 / May / 02

Terms

6% Au @ $400/oz*

Operator

Allied Resources Ltd.

Bonikro is a producing gold-silver mine located in Cotê d’Ivoire. The Bonikro mine is located approximately 67 km south of Yamassoukro, the political capital of Cotê d’Ivoire, and approximately 240 km northwest from Abidjan, the commercial capital of the country.

The Bonikro operation consists of two primary areas—the Bonikro mining license and the Hiré mining license. Gold has been produced from the Bonikro open pit and through the Bonikro carbon-in-leach (CIL) plant since 2008 and over 1.0 Moz have been produced from Bonikro and Hiré. Hiré is a collection of three deposits and open pits that are approximately 5.0 kilometres from the Bonikro mine and utilize the same Bonikro processing plant. Production in the last few quarters of 2021 was focused on the Hiré pits.

Agreement terms are subject to the closing of the Transactions as defined in the Company's press release dated May 2, 2022.

See press release for more details.

*Additional Terms

6% of Au

until 39 koz delivered; then

3.5% of Au

until 61,750 oz delivered; then

2% thereafter

 

Bonikro