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Resolute Mining Limited — Capital/Financing Update 2025
Nov 17, 2025
10548_rns_2025-11-17_b1dd1142-958d-4bc8-910d-5cb716320b85.pdf
Capital/Financing Update
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ASX Announcement
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18 November 2025
Initial Mineral Resource Estimate at La Debo Project, Côte d’Ivoire
Resolute Mining Limited (“Resolute” or “the Company”) (ASX/LSE: RSG), the Africa-focused gold miner, is pleased to announce an initial Mineral Resource Estimate (“MRE”) at the La Debo Project in Côte d’Ivoire – a strategically important jurisdiction for Resolute.
La Debo is one of Resolute’s key exploration assets in Côte d’Ivoire. The new MRE comprises 643 koz of contained gold which is 60% larger than historical estimates. This has been achieved through exploration success at the G3S prospect on the La Debo permit. The focus of future exploration is on extending the high-grade mineralisation at G3S as well as drill testing targets in the south-western half of the permit. In October 2025, Resolute was granted two new exploration permits, Serihio and Okroyou, that are contiguous to the south of the La Debo permit. Resolute plans to start exploration across these permits in 2026 and sees potential for the resources at the La Debo project to expand further. Depending on results, the MRE may be updated in late 2026.
The Company has over 7 Moz of gold resource across three assets in Côte d’Ivoire. Doropo is the most advanced project with an updated feasibility study expected in December 2025. Following this and granting of the exploitation permit, construction is planned to commence in 2026 with first gold production in 2028. The Company’s other exploration project in Côte d’Ivoire is the ABC Project which has a current MRE of 2.2 Moz. An exploration program consisting of approximately 25,000m of RC drilling has commenced and will continue over the next six months.
Exploration remains central to Resolute’s growth strategy and a key driver of long-term shareholder value. The Company’s ongoing exploration programs are designed to expand resource potential, extend mine life, and unlock new opportunities across its portfolio. In addition to the active exploration campaigns in Côte d’Ivoire, the Company expects to announce updates on its exploration and mine extension activities in Senegal before year-end, reinforcing its commitment to sustained value creation through discovery and development.
Highlights
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Inferred Mineral Resource Estimate for La Debo (G3N and G3S prospects) of 17.6Mt grading 1.14 g/t Au for 643 koz of contained gold at 0.5g/t cut-off grade versus the historic resource of 400koz grading 1.3 g/t at 0.3 g/t cut-off
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The gold mineralisation at G3N and G3S is from surface with consistent along strike and downdip grade continuity
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The Mineral Resources at the G3N and G3S prospects remain open down dip with grades encountered so far increasing at depth at G3S
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Future exploration will focus on extending mineralisation at depth at G3S as well as testing the strong gold anomaly at the G1 prospect area to the southwest
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Chris Eger, Managing Director and CEO commented:
“We are pleased to release an initial JORC resource for the La Debo project in Côte d’Ivoire. The exploration team has done a great job adding over 250 koz of contained gold to the historic resource.
The initial MRE of over 640koz of contained gold forms a strong foundation at La Debo. We are confident of expanding the resources further and will continue exploration over other prospects on the La Debo permit. Moreover, initial exploration work is planned on the two newly granted exploration permits that are only 15 km from the resource announced today.
I would like to highlight that Resolute now has three projects in Côte d’Ivoire – two exploration (La Debo and ABC) and one development (Doropo) – all of which have sizeable gold resources outlined. The country is a key jurisdiction for the Company as we focus on progressing Doropo towards construction.
Overall, today’s result demonstrates Resolute’s ability to create value through exploration. With exploration projects in Côte d’Ivoire, Senegal and Guinea, Resolute is well-positioned to continue building a diversified pipeline of high-quality projects.”
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Côte d’Ivoire Portfolio
As shown on Figure 1, Resolute has three projects in Côte d’Ivoire – Doropo, ABC and La Debo – which have a combined gold resources of over 7 Moz.
Doropo is a development project in the northeast of the country. An update of the DFS is underway and is expected to be complete by year-end. Resolute is awaiting granting of the Exploitation Permit after which construction activities are expected to commence in H1 2026. First gold at Doropo is targeted for 2028.
ABC is a greenfield exploration project in the western part of Côte d’Ivoire. The Project consists of four exploration permits (Farako-Nafana, Kona, Windou and Gbemanzo) with two further permit applications (Kato and Gouramba). Currently there is a NI 43-101-compliant Inferred MRE of 2.16 Moz grading 0.9 g/t Au contained within the Kona permit. A first stage RC program of 10,000m has commenced on the Farako-Nafana permit. On the Kona and Windou permits 15,000m of RC and diamond drilling has commenced.
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Figure 1: Resolute’s Projects in Côte d’Ivoire
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The La Debo project is located 280 km west of Abidjan. In Q4 2024, Resolute signed a JV agreement and can earn up to 100% of the project.
In 2016, an initial Preliminary Economic Assessment established a NI 43-101 compliant Inferred Mineral Resource of 400 koz at a grade of 1.3 g/t Au (at 0.5 g/t cut-off). After subsequent deeper Diamond drilling in 2022, the resource was increased but was not reported as NI 43-101 compliant.
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Figure 2: La Debo Project Permits and Prospect Locations
Drilling
Resolute commenced exploration at La Debo in December 2024 with an RC and diamond drilling program to confirm and expand the resources over the two main prospect areas at G3N and G3S. Drilling continued throughout 2025 with a total of 10,037m of RC drilling and 6,600m diamond drilling completed by Resolute to date.
In parallel with the drilling program at G3N and G3S, an extensive auger drilling program has been completed over the south-western half of the La Debo permit to define targets where surface geochemistry is erratic. This program has confirmed a strong gold anomaly at the G1 prospect area which will be drill tested in early 2026.
The RC and diamond drilling program was successful proving the continuity of the gold mineralisation and confirming the down dip extensions at both G3N and G3S. Results at G3S were particularly encouraging with excellent down dip intersections along the strike length. Select results from the program are as follows.
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LBDD0009 - 10.00m @ 4.88g/t from 142.00m LBDD0024 - 14.00m @ 8.70g/t from 154.00m LBDD0026 - 9.00m @ 13.40g/t from 155.00m LBDD0028 - 16.00m @ 4.57g/t from 141.00m LBRC0034 - 23.00m @ 5.76g/t from 22.00m LBRC0035 - 5.00m @ 7.29g/t from 120.00m LBRC0066 - 14.00m @ 4.40g/t from 42.00m
Details of the significant intersections from the drilling program are attached as Appendix 1.
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Figure 3. Prospects G3N and G3S
Mineral Resource Estimate
A Mineral Resources Estimate was undertaken on the G3N and G3S prospects within the La Debo project area. The G3N and G3S MREs were developed using wireframe constrained Ordinary Kriged (“OK”) estimation methodology, within Leapfrog Indicator wireframes representing a lower cut-off grade of 0.2 g/t Au to form the mineralised envelope.
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Gold mineralisation varies from approximately 10 to 50m in thickness (measured across the zone from hanging wall to footwall) with a strike length of 1.6km for G3N and 1.5km for G3S.
The global Mineral Resource is quoted above a cut-off of 0.5g/t.
| La Debo Mineral Resource Estimate | |
|---|---|
| Classification | Tonnes Grade (g/t Au) Ounces (Au) |
| G3N (Inferred) | 8,580,000 0.94 259,000 |
| G3S (Inferred) | 8,978,000 1.33 384,000 |
| Total | 17,559,000 1.14 643,000 |
Table 1: La Debo Mineral Resources at November 2025 (0.5g/t cut off)
The updated MRE of 643,000 oz is a 60% increase over the 400,000 oz resource quoted by previous explorers. The G3N and G3S deposits remain open at depth with G3S drill intersections showing the grade is increasing with depth.
Mineralisation
Gold mineralisation at La Debo is hosted within a sequence of sheared and metamorphosed turbiditic sediments with some minor volcanics. Gold is related to shears within the meta-sediments and volcanics and the intensity of gold mineralisation correlates with quartz-tourmaline-pyrite veins or disseminated pyrite and veinlets within a shear.
The style of mineralisation is typical of a Birimian orogenic gold deposit. Geometry of the gold mineralisation is NNE to NE striking and steeply south-easterly dipping. The zones vary between 3m and 20m wide.
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Figure 4. G3S Cross Section
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Figure 5. G3N Cross Section
Future Exploration
Future exploration at La Debo will be focused on extending the high-grade mineralisation intersected at G3S. We plan to commence drilling in the first half of 2026 to test the G3S extensions. Depending on results, the MRE at La Debo may be updated in late 2026.
An extensive auger drilling program has been completed over the south-western half of the La Debo permit to define targets where surface geochemistry is erratic. This has confirmed a strong gold anomaly at the G1 prospect area which will be drill tested in early 2026.
On the newly granted Serihio and Okroyou permits early-stage exploration programs will commence in 2026.
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Contact
Resolute
Matthias O’Toole-Howes [email protected]
Public Relations
Jos Simson, Tavistock [email protected] +44 207 920 3150
Corporate Brokers
Jennifer Lee, Berenberg +44 20 3753 3040
Tom Rider, BMO Capital Markets +44 20 7236 1010
Authorised by Mr Chris Eger, Managing Director and Chief Executive Officer
Summary of La Debo Resource Parameters
A summary of JORC Table 1 is provided below for compliance regarding the Mineral Resources reported within and in-line with requirements of ASX Listing Rule 5.8.1.
Geology and Geological interpretation
Mineralisation is currently interpreted to have a relatively simple geometry, comprising mineralised shears dipping at approximately 60 degrees to the east-south-east.
G3N shows an unbroken mineralised zone of approximately 1.5km striking at 030°. The mineralised zone dips at approximately 60° to the ESE and shows a relatively tabular zone
Sampling and sub-sampling techniques
Reverse circulation samples were collected on 1m intervals by riffle split (dry) or by scoop (wet) to obtain a 1-3kg sample.
Diamond drill core has been systematically cut lengthwise into half core with a diamond saw. Half core samples were selected for analysis.
Sample preparation includes oven drying, crushing to 10mm, splitting and pulverising to 85% passing - 75μm. These preparation techniques are deemed to be appropriate to the material being sampled.
Reverse circulation and core field duplicates were inserted by the company at a rate of 1:20 samples.
Sampling, sample preparation and quality control protocols are of industry standard, with the intention of ensuring an unbiased representative sample was collected.
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Drilling techniques
Drill types used include reverse circulation with face sampling bit and core drilling using HQ and NQ sized bits.
Classification criteria
Mineral Resources were classified in accordance with the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC, 2012).
The deposit has been classified as Inferred Mineral Resource based on a combination of quantitative and qualitative criteria which include geologic continuity, confidence in volume models, data quality, sample spacing, lode continuity, and estimation parameters (number of informing composites, estimation pass number, kriging quality parameters, and minimum and average distance composites). Even where the geological and statistical factors may support a higher classification, the Inferred status recognised the need for more comprehensive metallurgical understanding.
The input data is consistent in its coverage of the modelled zones and does not favour or misrepresent the in-situ mineralisation. The definition of the mineralised zones is based on a moderate level of geologic understanding from good quality sample data. Validation of the block model shows good correlation of the input data to the block estimated grades.
Sample analysis method
All samples were dispatched to MSA Yamoussoukro for sample preparation and gold analysis by Chrysos Photon Assay. The analytical method is considered appropriate for the style of mineralisation.
No geophysical tools were used to determine elemental concentrations.
Quality control (QC) procedures included the use of certified standards (1:40), non-certified sand blanks
(1:40) and reverse circulation/core field duplicates (1:20).
Laboratory quality control data, including laboratory standards, blanks, duplicates, repeats, grind size results and sample weights were also captured into the digital database.
Analysis of the QC sample assay results indicates that an acceptable level of accuracy and precision has been achieved.
Basis for selected cut-off grade
The cut-off grade of 0.5g/t is selected based on this being historically used to define the Mineral
Resources at similar deposits in terms of grade, scale and proximity to surface in the Resolute portfolio. Further economic analysis will determine if a different cut-off grade is more appropriate for future La Debo Mineral Resource calculations.
Mining and metallurgical methods and other material modifying factors
Basic metallurgical testwork has been performed with more extensive investigations planned for future sampling campaigns. No mining modifying factors are yet applied to the MRE.
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Competent Persons Statement
The information in this report that relates to the Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Bruce Mowat, a member of The Australian Institute of Geoscientists. Mr Bruce Mowat has more than 5 years’ experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person, as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code). Mr Bruce Mowat is a full-time employee of the Resolute Mining Limited Group and holds equity securities in the Company. He has consented to the inclusion of the matters in this report based on his information in the form and context in which it appears. This information was prepared and disclosed under the JORC Code 2012 except where otherwise noted.
The information in this announcement that relates to the Mineral Resource estimate has been based on information and supporting documents prepared by Mr James Woodward, a Competent Person who is a member of The Australasian Institute of Mining and Metallurgy. Mr Woodward is a full-time employee Resolute Mining Limited Group and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a Competent Person. Mr Woodward confirms that the Mineral Resource estimate is based on information in the supporting documents and consents to the inclusion in the report of the Mineral Resource estimate and related content based on the information in the form and context in which it appears.
Cautionary Statement about Forward-Looking Statements
This announcement contains certain “forward-looking statements” including statements regarding our intent, belief or current expectations with respect to Resolute’s business and operations, market conditions, results of operations and financial condition, and risk management practices. The words "likely", "expect", "aim", "should", "could", "may", "anticipate", "predict", "believe", "plan", "forecast" and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings, anticipated production, life of mine and financial position and performance are also forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Resolute’s actual results, performance and achievements or industry results to differ materially from any future results, performance or achievements, or industry results, expressed or implied by these forward-looking statements. Relevant factors may include (but are not limited to) changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which Resolute operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.
Forward-looking statements are based on Resolute’s good faith assumptions as to the financial, market, regulatory and other relevant environments that will exist and affect Resolute’s business and operations in the future. Resolute does not give any assurance that the assumptions will prove to be correct. There may be other factors that could cause actual results or events not to be as anticipated, and many events
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are beyond the reasonable control of Resolute. Readers are cautioned not to place undue reliance on forward-looking statements, particularly in the current economic climate with the significant volatility, uncertainty and disruption caused by the COVID-19 pandemic. Forward-looking statements in this document speak only at the date of issue. Except as required by applicable laws or regulations, Resolute does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in assumptions on which any such statement is based. Except for statutory liability which cannot be excluded, each of Resolute, its officers, employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the material contained in these forward-looking statements and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in forwardlooking statements or any error or omission.
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Appendix 1: Recent Drilling Results
La Debo
| a Debo | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Hole_ID | North (WGS) |
East (WGS) |
RL (m) |
Di p |
Azi (WGS ) |
EOH (m) |
Fro m (m) |
To (m) |
Widt h (m) |
Au (g/t) |
| LBDD0008 | 669911 | 815746 | 227 | -61 | 316 | 215 | 173 | 179 | 6 | 5.87 |
| LBDD0009 | 670243 | 815913 | 216 | -61 | 317 | 215 | 142 | 152 | 10 | 4.88 |
| LBDD0013 | 664961 | 815388 | 226 | -60 | 314 | 227 | 169 | 188 | 19 | 2.57 |
| LBDD0018 | 665446 | 815681 | 219 | -59 | 316 | 241.5 5 |
183 | 208 | 25 | 1.22 |
| LBDD0020 | 665550 | 815708 | 220 | -59 | 316 | 203 | 134 | 149 | 15 | 3.28 |
| LBDD0020 | 665550 | 815708 | 220 | -59 | 316 | 203 | 156 | 167 | 11 | 3.02 |
| LBDD0021 | 665451 | 815611 | 214 | -60 | 317 | 170.4 | 115 | 139 | 24 | 2.76 |
| LBDD0022 | 665752 | 815874 | 225 | -61 | 316 | 208.1 | 146 | 161 | 15 | 3.97 |
| LBDD0023 | 665567 | 815770 | 224 | -60 | 316 | 252.1 | 198 | 203 | 5 | 5.19 |
| LBDD0024 | 665781 | 815914 | 221 | -59 | 315 | 213 | 154 | 168 | 14 | 8.7 |
| LBDD0025 | 665859 | 815970 | 214 | -61 | 314 | 204 | 140 | 152 | 12 | 2.61 |
| LBDD0026 | 665898 | 816032 | 207 | -60 | 315 | 230 | 155 | 164 | 9 | 13.4 |
| LBDD0027 | 665699 | 815854 | 227 | -60 | 317 | 225 | 164 | 177 | 13 | 2.38 |
| LBDD0028 | 665829 | 815943 | 218 | -60 | 315 | 212 | 141 | 157 | 16 | 4.57 |
| LBDD0029 | 664975 | 815442 | 229 | -61 | 316 | 255 | 199 | 213 | 14 | 3.37 |
| LBDD0030 | 664929 | 815422 | 228 | -61 | 316 | 281 | 224 | 230 | 6 | 4.31 |
| LBRC0010 | 669598 | 815470 | 218 | -60 | 315 | 144 | 111 | 120 | 9 | 3.91 |
| LBRC0030 | 669975 | 815611 | 223 | -60 | 317 | 78 | 11 | 40 | 29 | 1.17 |
| LBRC0034 | 670361 | 815850 | 211 | -60 | 315 | 100 | 22 | 45 | 23 | 5.76 |
| LBRC0035 | 670291 | 815916 | 212 | -61 | 315 | 200 | 120 | 125 | 5 | 7.29 |
| LBRC0038 | 670655 | 816041 | 215 | -60 | 316 | 110 | 31 | 63 | 32 | 0.94 |
| LBRC0060 | 664969 | 815259 | 224 | -60 | 313 | 140 | 63 | 82 | 19 | 1.76 |
| LBRC0061 | 664925 | 815262 | 228 | -61 | 312 | 180 | 134 | 137 | 3 | 8.74 |
| LBRC0066 | 665822 | 815800 | 221 | -61 | 314 | 72 | 42 | 56 | 14 | 4.4 |
| LDD016 | 665786 | 815834 | 218 | -60 | 318 | 145.7 | 94.4 | 120. 4 |
26 | 1.49 |
| LDD023 | 665001 | 815350 | 227 | -60 | 314 | 183.2 | 122 | 130 | 8 | 3.39 |
| LDD024 | 664934 | 815295 | 236 | -61 | 312 | 195.2 | 126 | 151. 5 |
25.5 | 1.4 |
| LDD034 | 670558 | 816081 | 208 | -59 | 316 | 171.2 | 117.3 | 132. 8 |
15.5 | 1.62 |
| LDD039 | 670229 | 815781 | 228 | -61 | 317 | 105.3 | 65 | 73 | 8 | 5.81 |
| LDD08 | 670591 | 816048 | 211 | -60 | 319 | 120.4 | 77 | 104 | 27 | 0.93 |
| LDD10 | 670280 | 815797 | 226 | -61 | 319 | 81.4 | 18.6 | 36.3 | 17.7 | 2.38 |
| LDD11 | 665582 | 815669 | 214 | -61 | 318 | 156.4 | 80 | 92 | 12 | 2.57 |
| LRC002a | 664963 | 815164 | 239 | -60 | 135 | 68 | 61 | 68 | 7 | 17.2 7 |
| LRC002b | 664965 | 815166 | 239 | -60 | 135 | 100 | 68 | 92 | 24 | 9.68 |
| LRC005 | 665119 | 815297 | 223 | -60 | 135 | 119 | 101 | 119 | 18 | 3.54 |
| LRC010 | 665655 | 815609 | 225 | -60 | 135 | 100 | 26 | 48 | 22 | 5.38 |
| LRC014 | 665964 | 815863 | 213 | -60 | 135 | 106 | 57 | 106 | 49 | 2.49 |
| LRC015 | 665756 | 815783 | 223 | -60 | 315 | 100 | 83 | 96 | 13 | 2.3 |
| LRC024 | 665467 | 815514 | 213 | -60 | 315 | 85 | 4 | 32 | 28 | 1.42 |
| LRC026 | 670789 | 816054 | 206 | -60 | 135 | 69 | 9 | 39 | 30 | 1.56 |
| LRC031 | 670646 | 815992 | 217 | -60 | 135 | 93 | 17 | 40 | 23 | 4.96 |
| LRC031 | 670646 | 815992 | 217 | -60 | 135 | 93 | 46 | 93 | 47 | 1.6 |
| LRC032 | 670611 | 816032 | 213 | -60 | 315 | 73 | 47 | 66 | 19 | 1.56 |
| LRC035 | 670257 | 815821 | 225 | -60 | 315 | 112 | 46 | 51 | 5 | 5.04 |
| LRC035 | 670257 | 815821 | 225 | -60 | 315 | 112 | 62 | 88 | 26 | 1.85 |
| LRC040 | 669910 | 815602 | 219 | -60 | 315 | 107 | 50 | 61 | 11 | 10.1 9 |
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| Hole_ID | North (WGS) |
East (WGS) |
RL (m) |
Di p |
Azi (WGS ) |
EOH (m) |
Fro m (m) |
To (m) |
Widt h (m) |
Au (g/t) |
|---|---|---|---|---|---|---|---|---|---|---|
| LRC046 | 651736 | 804767 | 201 | -60 | 320 | 100 | 11 | 51 | 40 | 0.98 |
| LRC083 | 670305 | 815849 | 218 | -60 | 315 | 114 | 62 | 79 | 17 | 2.72 |
| LRC084 | 670329 | 815826 | 217 | -60 | 315 | 78 | 6 | 33 | 27 | 1.09 |
| LRC095 | 669656 | 815411 | 221 | -60 | 315 | 120 | 38 | 51 | 13 | 2.03 |
| LRC101 | 665704 | 815701 | 224 | -60 | 315 | 72 | 24 | 45 | 21 | 1.75 |
| LRC103 | 665512 | 815618 | 215 | -60 | 315 | 150 | 73 | 90 | 17 | 1.53 |
| LRC106 | 665563 | 815570 | 220 | -60 | 315 | 78 | 11 | 30 | 19 | 1.37 |
| LRC110 | 665816 | 815877 | 216 | -60 | 315 | 144 | 101 | 114 | 13 | 2.05 |
| LRC111 | 665843 | 815849 | 214 | -60 | 315 | 114 | 65 | 85 | 20 | 1.63 |
| LRC112 | 665861 | 815831 | 213 | -60 | 315 | 72 | 32 | 44 | 12 | 2.18 |
| LRC116 | 664981 | 815302 | 230 | -60 | 315 | 150 | 88 | 108 | 20 | 1.56 |
| LRC120 | 664878 | 815187 | 237 | -60 | 315 | 150 | 36 | 57 | 21 | 1.3 |
| LRC121 | 664896 | 815169 | 236 | -60 | 315 | 120 | 0 | 30 | 30 | 2.74 |
| LRC122 | 664909 | 815156 | 235 | -60 | 315 | 114 | 0 | 5 | 5 | 10.1 7 |
| LRC123 | 664933 | 815134 | 232 | -60 | 315 | 72 | 7 | 14 | 7 | 13.3 9 |
| LRC127 | 670714 | 816038 | 216 | -60 | 315 | 102 | 1 | 20 | 19 | 1.7 |
| LRC131 | 670633 | 816005 | 216 | -60 | 315 | 50 | 1 | 20 | 19 | 1.79 |
| LRC134 | 670396 | 815866 | 206 | -60 | 315 | 66 | 9 | 19 | 10 | 2.56 |
| LRC146 | 664942 | 815188 | 238 | -60 | 315 | 108 | 43 | 46 | 3 | 9.04 |
| LRC147 | 664917 | 815212 | 241 | -60 | 315 | 114 | 28 | 71 | 43 | 1.05 |
| LRC151 | 665245 | 815406 | 217 | -60 | 315 | 121 | 8 | 15 | 7 | 6.54 |
| LRC156 | 665798 | 815752 | 218 | -60 | 315 | 70 | 1 | 23 | 22 | 3.17 |
| LRC158 | 665880 | 815811 | 215 | -60 | 315 | 50 | 0 | 22 | 22 | 1.27 |
| LRC159 | 665940 | 815886 | 214 | -60 | 315 | 61 | 13 | 42 | 29 | 2.36 |
| LRC160 | 665997 | 815932 | 213 | -60 | 315 | 73 | 18 | 37 | 19 | 3.36 |
| LRC164 | 665608 | 815651 | 216 | -60 | 315 | 139 | 32 | 64 | 32 | 0.96 |
| LRC172 | 665916 | 815854 | 214 | -60 | 315 | 42 | 13 | 37 | 24 | 2.07 |
| LRC173 | 665738 | 815744 | 223 | -60 | 315 | 72 | 46 | 71 | 25 | 1.09 |
| LRC174 | 665651 | 815696 | 221 | -60 | 315 | 96 | 69 | 81 | 12 | 2.81 |
| LRC183 | 664965 | 815226 | 240 | -60 | 315 | 84 | 34 | 63 | 29 | 1.88 |
| LRC203 | 659975 | 806201 | 228 | -60 | 315 | 151 | 62 | 90 | 28 | 1.08 |
Notes to Accompany Table:
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Grid coordinates are WGS84 Zone 29 North
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RC intervals are sampled every 1m by dry riffle splitting or scoop to provide a 2-3kg sample
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Diamond core are sampled every 1m by cutting the core in half to provide a 2-4kg sample
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Cut-off grade for reporting of intercepts is >0.5g/t Au with a maximum of 3m consecutive internal dilution included within the intercept; only intercepts >=3m and >25 gram x metres are reported
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Recent drill samples are analysed for gold by MSA Labs CPA-Au1 500g sample gamma ray analysis by photon assay instrument whilst prior drill programs included fire assay aas techniques
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La Debo
Section 1 Sampling Techniques and Data
| CRITERIA | JORC CODE EXPLANATION | COMMENTARY | |
|---|---|---|---|
| Sampling tech- niques |
• | Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measure- |
Sampling has been by diamond drill coring and reverse circula- tion chip. |
| ment tools appropriate to the minerals under investigation, | Diamond core has been geologically logged and sampled to geo- | ||
| such as down hole gamma sondes, or handheld XRF instru- ments, etc.). These examples should not be taken as limiting |
logical contacts with nominal sample lengths between 0.3m and 4.5m (most commonly 1m). Core selected for assay is systemati- |
||
| the broad meaning of sampling. | cally cut lengthwise into half core by diamond blade rock saw, | ||
| • | Include reference to measures taken to ensure sample rep- resentivity and the appropriate calibration of any measure- |
numbered and bagged before dispatch to the laboratory for anal- ysis. |
|
| ment tools or systems used. | All core is photographed, wet and dry. | ||
| • | Aspects of the determination of mineralisation that are Mate- rial to the Public Report. |
Reverse circulation chips are geologically logged and sampled on regular lengths of 1m. Chip material selected for assay is sys- |
|
| • | In cases where ‘industry standard’ work has been done this | tematically divided to a 1/8 proportion using a rotary splitter at- | |
| would be relatively simple (e.g. ‘reverse circulation drilling | tached to the cyclone sample recovery system, numbered and | ||
| was used to obtain 1 m samples from which 3 kg was pul- | bagged before dispatch to the laboratory for analysis. | ||
| verised to produce a 30 g charge for fire assay’). In other | |||
| cases more explanation may be required, such as where | |||
| there is coarse gold that has inherent sampling problems. | |||
| Unusual commodities or mineralisation types (e.g. subma- | |||
| rine nodules) may warrant disclosure of detailed information. | |||
| Drilling techniques | • | Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond |
Diamond core drilling with standard inner tubes. HQ diameter to target depth where possible with some smaller NQ intervals as tails. Core is marked and oriented. |
| tails, face-sampling bit or other type, whether core is ori- | Reverse Circulation drilling with 4” or 4.5” hammer and 4” rod | ||
| ented and if so, by what method, etc.). | string to target depth. | ||
| Drill sample recov- ery |
• • • |
Method of recording and assessing core and chip sample re- coveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to |
Diamond core recoveries are measured in the core trays and recorded as recovered metres and recovered % as part of the geological logging process. RC recoveries are monitored by chip sample weight recording. Sample weights have been analysed for cyclicity with no relation- ship between sample weight and depth noted. |
| preferential loss/gain of fine/coarse material. | |||
| Logging | • | Whether core and chip samples have been geologically and | Diamond core has been geologically and geotechnically logged |
| geotechnically logged to a level of detail to support appropri- | to a level of detail to support appropriate classification and re- | ||
| ate Mineral Resource estimation, mining studies and metal- | porting of a Mineral Resource. | ||
| lurgical studies. | Reverse circulation chip samples have been geologically logged | ||
| • | Whether logging is qualitative or quantitative in nature. Core | to a level of detail to support appropriate classification and re- | |
| (or costean, channel, etc.) photography. | porting of a Mineral Resource. | ||
| • | The total length and percentage of the relevant intersections logged. |
Total length of DD logged is 6,804m. Total length of RC logged is 9,849m. |
|
| Sub-sampling | • | If core, whether cut or sawn and whether quarter, half or all | Historic core has been systematically cut lengthwise into half |
| techniques and | core taken. | core with a diamond saw. | |
| sample prepara- tion |
• | If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. |
RC samples representing a 1/8 split are taken directly from the rig mounted cyclone by rotary splitter, sample weight is recorded, |
| • | For all sample types, the nature, quality and appropriateness | sample is bagged in pre numbered plastic and sample tickets are | |
| of the sample preparation technique. | inserted and bag is sealed for transport to preparation facility. | ||
| • | Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. |
Generally, one of each of the two control samples (blank or CRM standard) is inserted into the sample stream every tenth sample. |
|
| • | Measures taken to ensure that the sampling is representa- | An industry standard, documented process of sample mark-up, | |
| tive of the in situ material collected, including for instance re- | core splitting, bagging and ticketing and recording is in place at | ||
| sults for field duplicate/second-half sampling. | the LaDebo site. | ||
| • | Whether sample sizes are appropriate to the grain size of | ||
| the material being sampled. |
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| CRITERIA | JORC CODE EXPLANATION | COMMENTARY | |
|---|---|---|---|
| All samples were submitted to external certified analytical labora- | |||
| tory, MSALAB in Yamoussoukro. The 3kg sample were consid- | |||
| ered appropriate samples size for Photon Assays analysis. | |||
| MSA prepares the samples by weighing, drying, and crushing | |||
| the entire samples to >70% passing 2mm, then prepared for | |||
| PhotonAssay. | |||
| Quality of assay data and labora- tory tests |
• | The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. |
Au assays are determined by Chrysos Photon assay at MSA labs in Yamoussoukro. Laboratory and assay procedures are ap- propriate for Mineral Resource estimation. |
| • | For geophysical tools, spectrometers, handheld XRF instru- | QAQC consisted of standards, blanks and laboratory duplicates | |
| ments, etc., the parameters used in determining the analysis | (both coarse and pulp). The QAQC sample results showed ac- | ||
| including instrument make and model, reading times, cali- | ceptable levels of accuracy and precision. | ||
| brations factors applied and their derivation, etc. | |||
| • | Nature of quality control procedures adopted (e.g. stand- ards, blanks, duplicates, external laboratory checks) and |
The assay data is considered to be suitable for Mineral Resource estimation. |
|
| whether acceptable levels of accuracy (i.e. lack of bias) and | |||
| precision have been established. | |||
| Verification of sampling and as- saying |
• • |
The verification of significant intersections by either inde- pendent or alternative company personnel. The use of twinned holes. |
All aspects of the core sampling, assay procedures and QA/QC program have been reviewed and were judged to be suitable for use in the estimation of Mineral Resources. |
| • | Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. |
Drill hole assay result data has been checked against the original hardcopy laboratory assay reports for a representative number of holes. |
|
| • | Discuss any adjustment to assay data. | Below detection limit values (negatives) have been replaced by | |
| background values. | |||
| Un-sampled intervals have been retained as un-sampled (null or | |||
| blank). All of these intervals occur within the waste domain and | |||
| have no material impact on the estimate. | |||
| Location of data | • | Accuracy and quality of surveys used to locate drill holes | Drill holes have been surveyed by contractor, SEMS Exploration |
| points | (collar and down-hole surveys), trenches, mine workings | staff using a DGPS. | |
| and other locations used in Mineral Resource estimation. | Downhole surveys were undertaken by the drilling contractor us- | ||
| • | Specification of the grid system used. | ing a ReflexSprintIQ tool with a reading taken every 30m down- | |
| • | Quality and adequacy of topographic control. | hole. | |
| Grid system is based on the UTM29N grid on the WGS84 (north- | |||
| ern hemisphere) projection. | |||
| A topographic surface has been generated from the satellite im- | |||
| ages of the area. | |||
| Data spacing and | • | Data spacing for reporting of Exploration Results. | Data spacing is Generally 50x50m. This spacing is adequate to |
| distribution | • | Whether the data spacing and distribution is sufficient to es- tablish the degree of geological and grade continuity appro- |
determine the geological and grade continuity for reporting of a Mineral Resources. |
| priate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. |
Drill samples were composited to 1m for use in the estimate. | ||
| • | Whether sample compositing has been applied. | ||
| Orientation of | • | Whether the orientation of sampling achieves unbiased sam- | Geological structures are interpreted to be steeply-dipping to the |
| data in relation to | pling of possible structures and the extent to which this is | south-southeast. Drilling intersects structures from the north and | |
| geological struc- | known, considering the deposit type. | south sides, generally dipping -60⁰ below horizontal, with azi- | |
| ture | • | If the relationship between the drilling orientation and the ori- | muths at approximately 315⁰. |
| entation of key mineralised structures is considered to have | Drill orientation was designed perpendicular to the modelled min- | ||
| introduced a sampling bias, this should be assessed and re- | eralisation dipped at about 60⁰ to the south-southeast. | ||
| ported if material. | The drilling orientation is adequate for a non-biased assessment | ||
| of the orebody with respect to interpreted structures and inter- | |||
| preted controls on mineralisation. |
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| CRITERIA | JORC CODE EXPLANATION | COMMENTARY | |
|---|---|---|---|
| Sample security | • | The measures taken to ensure sample security. | Labelling and submission of samples complies with industry |
| standard. | |||
| Audits or reviews | • | The results of any audits or reviews of sampling techniques | The competent person audited the sample preparation laboratory |
| and data. | in 2025. No material issues were found. |
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Section 2 Reporting of Exploration Results
| CRITERIA | JORC CODE EXPLANATION | JORC CODE EXPLANATION | COMMENTARY |
|---|---|---|---|
| Mineral tenement | • | Type, reference name/number, location and ownership in- | The LaDebo Permit is held by Jofema Mineral Resources. Toro |
| and land tenure | cluding agreements or material issues with third parties such | Gold Limited is in a joint Venture with Jofema with Toro being | |
| status | as joint ventures, partnerships, overriding royalties, native ti- | the manager and sole funder of the joint Venture. Toro Gold | |
| tle interests, historical sites, wilderness or national park and | Limited is a company controlled by resolute Limited. The permit | ||
| environmental settings. | is in good standing. | ||
| • | The security of the tenure held at the time of reporting along | ||
| with any known impediments to obtaining a licence to oper- | |||
| ate in the area. | |||
| Exploration done | • | Acknowledgment and appraisal of exploration by other par- | Past exploration has been performed by Jofema with previous |
| by other parties | ties. | partners. Jofema had undertaken soil geochemistry, surface | |
| mapping, on the entire Research Permit. Pitting, Trenching, re- | |||
| gional Auger drilling and RAB drilling have identified gold | |||
| anomalism which Jofema followed up with Diamond and Re- | |||
| verse Circulation drilling | |||
| Geology | • | Deposit type, geological setting and style of mineralisation. | Mineralisation is currently interpreted to be a standard Birimian oro- |
| genic gold deposit style. Gold is related to shears within meta-sedi- | |||
| ments and volcanics. Intensity of gold mineralisation appears to cor- | |||
| relate with the intensity quartz-tourmaline-pyrite veins or dissemi- | |||
| nated pyrite and veinlets within a shear. | |||
| Geometry of the gold mineralisation is generally NNE to NE striking | |||
| and steeply south-easterly dipping. The zones vary between 3m and | |||
| 20m wide. | |||
| Drill hole Infor- | • | A summary of all information material to the understanding | Easting, Northing and RL of the drill hole collars are based on the |
| mation | of the exploration results including a tabulation of the follow- | UTM29N grid on the WGS84 (northern hemisphere) projection. | |
ing information for all Material drill holes:oeasting and northing of the drill hole collar |
The MRE has used drill hole collar RL derived from the topographical surface. |
||
oelevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar |
Dip is the inclination of the hole from the horizontal. For example, a vertically down drilled hole from the surface is -90°. Azimuth is re- |
||
odip and azimuth of the hole |
ported in degrees as the grid direction toward which the hole is | ||
odown hole length and interception depth |
drilled. | ||
oWhole length. |
Down hole length of the hole is the distance from the surface to the | ||
| • | If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Compe- tent Person should clearly explain why this is |
end of the hole, as measured along the drill trace. Intersection depth is the distance down the hole as measured along the drill trace. Inter- section width is the downhole distance of an intersection as meas- ured along the drill trace. |
|
| the case. | Drill hole length is the distance from the surface to the end of the | ||
| hole, as measured along the drill trace. | |||
| Data aggregation | • | In reporting Exploration Results, weighting averaging tech- | Samples intervals in this document are all 1m and are not com- |
| methods | niques, maximum and/or minimum grade truncations (e.g. | posited in the drill intersections. | |
| cutting of high grades) and cut-off grades are usually Mate- rial and should be stated. |
Cut-off grade for reporting is >= 0.5g/t Au with maximum 3m con- secutive interval dilution. |
||
| • | Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, |
Top-cuts have not been used in the drill intersections. | |
| the procedure used for such aggregation should be stated and some typical examples of such aggregations should be |
The assay intervals are reported as down hole length as the true width variable is not known. |
||
| shown in detail. | |||
| • | The assumptions used for any reporting of metal equivalent | Gold assays are rounded to two decimal places. | |
| values should be clearly stated. | No metal equivalent reporting is used or applied. | ||
| Relationship be- tween mineralisa- tion widths and |
• | These relationships are particularly important in the report- ing of Exploration Results. |
The intersection width is measured down the hole trace and may not be the true width. |
| intercept lengths | • | If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. |
All drill results are downhole intervals only due to the variable ori- entation of the mineralisation. |
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| ASX | Release | Release | |
|---|---|---|---|
| CRITERIA | JORC CODE EXPLANATION | COMMENTARY | |
| • | If it is not known and only the down hole lengths are re- | ||
| ported, there should be a clear statement to this effect (e.g. | |||
| ‘down hole length, true width not known’). | |||
| Diagrams | • | Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery |
A plan view is contained within this document. New cross-sec- tional interpretations are included. |
| being reported These should include, but not be limited to a | |||
| plan view of drill hole collar locations and appropriate sec- | |||
| tional views. | |||
| Balanced report- ing |
• | Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high |
All significant assay results from Resolute work are provided in this report. |
| grades and/or widths should be practiced to avoid mislead- ing reporting of Exploration Results. |
The report is considered balanced and provided in context. | ||
| Other substan- tive exploration data |
• | Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observa- tions; geophysical survey results; geochemical survey re- |
No other exploration data is considered meaningful and material to this document. |
| sults; bulk samples – size and method of treatment; metal- | |||
| lurgical test results; bulk density, groundwater, geotechnical | |||
| and rock characteristics; potential deleterious or contaminat- | |||
| ing substances. | |||
| Further work | • • |
The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step- out drilling). Diagrams clearly highlighting the areas of possible exten- |
Further regional exploration work including Auger drilling and ge- ological mapping is underway over the rest of the permit to iden- tified additional RC and DD drill targets for additional resources. Geophysical exploration will be planned as part of the future ex- ploration of the permit. |
| sions, including the main geological interpretations and fu- | |||
| ture drilling areas, provided this information is not commer- | |||
| cially sensitive. |
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Section 3 Estimation and Reporting of Mineral Resources
-
CRITERIA JORC CODE EXPLANATION COMMENTARY Database • Measures taken to ensure that data has not been corrupted integrity by, for example, transcription or keying errors, between its initial collection and its use for Mineral Resource estimation purposes.
-
• Data validation procedures used.
Data has been compiled into a relational SQL database which includes validation protocols which preclude the loading of erroneous data. The data is managed using the DataShed© (MaxGeo) drill hole management software. Validation checks are conducted using SQL and DataShed© relational database standards. Data has also been checked against original hard copies for 100% of the data, and where possible, loaded from original data sources.
Resolute completed the following basic validation checks on the data supplied prior to resource estimation:
-
Drill holes with overlapping sample intervals.
-
• Sample intervals with no assay data or duplicate records. • Assay grade ranges. • Collar coordinate ranges. • Valid hole orientation data. No significant issues were identified in the data.
-
Site visits • Comment on any site visits undertaken by the Competent Person and the outcome of those visits.
-
• If no site visits have been undertaken indicate why this is the case.
Mr. James Woodward, a full-time employee of Resolute Mining Limited and a Member of the AUSIMM, consents to act as the Competent Person (CP) for this release. The CP visited the project site in September 2025. This included company offices, core processing and sample storage facilities and several drill hole sites. An audit of the 3[rd] party lab facility was also made. In the opinion of the CP, all processes are well managed and executed to a good standard. No site related factors were identified that might materially reduce the validity of the input data to the Mineral Resource Estimate.
| Geological interpretation |
• | Confidence in (or conversely, the uncertainty of) the geological interpretation of the mineral deposit. |
The geological logging data for key features coincident with mineralisation were used to validate the mineralisation model. |
|---|---|---|---|
| • | Nature of the data used and of any assumptions made. | Overall, the geology and mineralisation data correlate as | |
| • | The effect, if any, of alternative interpretations on Mineral Re- | expected according to the prevailing geological interpretation. | |
| source estimation. | The mineralised volume has been constructed a lower cut-off of | ||
| • | The use of geology in guiding and controlling Mineral Re- | 0.2 g/t Au. For G3N and the southern domain of G3S, the | |
| source estimation. | mineralised domains were modelled using an Indicator | ||
| • | The factors affecting continuity both of grade and geology. | Interpolant method in Leapfrog software, guided by a sectional interpretation of the trend of mineralisation. The northern domain |
|
| of G3S was modelled using the Vein Modelling workflow in | |||
| Leapfrog. Visual checks of the mineralisation model against | |||
| assay data saw iterative adjustments to avoid overstating | |||
| volume in areas of lower sample support. | |||
| There is a moderate level of confidence in the interpretation of | |||
| the mineralised zones. | |||
| The factors affecting continuity of both grade and geology are | |||
| likely to be associated with local complexity related to the | |||
| understanding of fluid pathways in the host rock. Knowledge of | |||
| these is somewhat limited with the current spacing of | |||
| information. | |||
| Dimensions | • | The extent and variability of the Mineral Resource expressed | Gold mineralisation has been estimated across two separate |
| as length (along strike or otherwise), plan width, and depth be- | zones, locally called G3N and G3S. | ||
| low surface to the upper and lower limits of the Mineral Re- | |||
| source. | G3N shows an unbroken mineralised zone of approximately | ||
| 1.5km striking at 030°. The mineralised zone dips at | |||
| approximately60° to the ESE and shows a relativelytabular |
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CRITERIA JORC CODE EXPLANATION COMMENTARY
| zone which anastomoses into two zones at the southern extent. | |||
|---|---|---|---|
| Thickness varies from approximately 10 to 20m per zone along | |||
| the strike length, measured across the zones from hangingwall | |||
| to footwall. Mineralisation is defined to approximately 240m | |||
| vertical depth from the topography and is encountered from | |||
| surface. The mineralisation is apparently open to depth. | |||
| G3S shows a similar mineralised strike length of approximately | |||
| 1.5km, striking at 040°, albeit broken into northern and southern | |||
| domains, separated by a 200m zone of minor anomalism not yet | |||
| included in a coherent mineralised domain. The northern domain | |||
| consists of two stacked tabular zones, dipping at approximately | |||
| 65° to the SE, with a combined thickness of up to 30m | |||
| measured across the zones from hangingwall to footwall. The | |||
| southern domain is modelled as a single mostly tabular zone, | |||
| also dipping approximately 65° to the SE, with a thickness up to | |||
| 30m measured across the zone. Mineralisation is defined to | |||
| approximately 220m vertical depth from the topography and is | |||
| encountered from surface. The mineralisation is apparently open | |||
| to depth. | |||
| Estimation and modelling techniques |
• | The nature and appropriateness of the estimation technique(s) applied and key assumptions, including treatment of extreme grade values, domaining, interpolation parameters and maxi- |
Estimation of gold grade used an Ordinary Kriging (OK) workflow. Mineralisation was constrained using wireframes constructed in Leapfrog Geo at a lower cut-off grade of 0.2g/t. |
| mum distance of extrapolation from data points. If a computer | These wireframes defined domain codes for estimation. | ||
| assisted estimation method was chosen include a description | Drillholes were flagged with the domain code and composited | ||
| of computer software and parameters used. | using the domain code to segregate the data. | ||
| • | The availability of check estimates, previous estimates and/or mine production records and whether the Mineral Resource estimate takes appropriate account of such data. |
Domain boundary analysis identified hard boundaries were appropriate for all domains. |
|
| • • |
The assumptions made regarding recovery of by- products. Estimation of deleterious elements or other non-grade varia- bles of economic significance (e.g. sulphur for acid mine drain- |
Drillholes were composited to 1m intervals using Leapfrog Geo 2025.1 with residual lengths distributed evenly across all composites within the domain. |
|
| age characterization). | The influence of extreme gold assays was limited by top-cutting | ||
| • • |
In the case of block model interpolation, the block size in rela- tion to the average sample spacing and the search employed. In the case of block model interpolation, the block size in rela- tion to the average sample spacing and the search employed. |
assays across all domains. Top-cuts were determined using a combination of log probability, log histogram, and mean variance plots for each estimated domain and applied to the composites on a domain-by-domain basis. |
|
| • • |
Any assumptions behind modelling of selective mining units. Any assumptions about correlation between variables. |
Variography was undertaken on a domain-by-domain basis in Gaussian space, using Supervisor software, v9. Back transformed variograms are applied to the estimate. |
|
| • | Description of how the geological interpretation was used to control the resource estimates. |
Drillhole data spacing averages 50m x 50m, with consistent | |
| • | Discussion of basis for using or not using grade cutting or cap- | spatial coverage across the prospects. | |
| ping. | The block model parent block size is 25m (X) by 25m (Y) by 10m | ||
| • | The process of validation, the checking process used, the comparison of model data to drill hole data, and use of recon- ciliation data if available. |
(Z) with up to 16 sub-blocks per parent block in the X, Y and Z directions. The estimate was performed at the parent block scale, and sub-blocks assigned the grade of the relevant parent |
|
| block. The parent block size is considered appropriate for the | |||
| drillhole spacing throughout the deposit, and the sub-blocking | |||
| results in >99% of the domain volume replicated. The estimate is | |||
| not localised to an assumed SMU scale. | |||
| Grade estimation used the following parameters: | |||
| G3N: | |||
| Pass 1 estimation has been undertaken using a mini- |
|||
| mum of 6 and maximum of 20 sample composites, using | |||
| a search ellipsoid of 33m x 24m x 13m (equal to vario- | |||
| gram range) with the major direction aligned down-dip. | |||
| Max samples per drill hole = 2 | |||
| Pass 2: estimation required a minimum of 6 samples |
|||
| and a larger search of 45m x 35m x 15m. Max samples | |||
| per drill hole = 2 |
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| CRITERIA | JORC CODE EXPLANATION | JORC CODE EXPLANATION | COMMENTARY |
|---|---|---|---|
| Pass 3: estimation required a minimum of 4 samples |
|||
| and a larger search of 100m x 100m x 30m. No max | |||
| samples per drill hole. | |||
| G3S: | |||
| Northern domain; Pass 1 used a minimum of 8 and max- |
|||
| imum of 20 samples within an ellipse at 42m x 36m x 11 | |||
| (60% of the variogram range). A second pass used a | |||
| minimum of 6 samples, maximum of 20 and search 64m | |||
| x 54m x 16m (equal to variogram ranges). A 3rdpass | |||
| used a broader search of 95m x 80m x 25m. | |||
| Southern domain; Pass 1 used a minimum of 10 and |
|||
| maximum of 20 samples within an ellipse of 60m x 40m | |||
| x 6m. A second Pass used a minimum of 6 samples, 6 | |||
| and search of 60m x 40m x 6m. Pass 3 used minimum | |||
| of 4 and maximum of 12 samples and a broader search | |||
| of 90m x 60m x 15m. | |||
| The mineral resource estimate has been validated using visual | |||
| validation tools, mean grade comparisons between the block | |||
| model and declustered composite grade means, and swath plots | |||
| comparing the input composite grades and the estimated block | |||
| model grades by Northing, Easting, and RL. The estimate is | |||
| considered an appropriate representation of the volume and | |||
| grade distribution of the gold mineralisation. | |||
| Leapfrog Geo 2025.1and Datamine Supervisor v9 software were | |||
| used for the geostatistical analysis, estimation and validation | |||
| processes. | |||
| No by-product recoveries were considered, and gold grade was | |||
| the only estimated variable. | |||
| Moisture | • | Whether the tonnages are estimated on a dry basis or with | Tonnages are estimated as dry tonnes. |
| natural moisture, and the method of determination of the mois- | |||
| ture content. | |||
| Cut-off parameters | • | The basis of the adopted cut-off grade(s) or quality | A nominal lower cut-off grade of 0.2g/t Au was used to define |
| parameters applied. | the mineralised domains to encompass the complete | ||
| mineralised distribution and produce a model that reduces the | |||
| risk of conditional bias that could be introduced where the | |||
| constraining interpretation and data selection is based on a | |||
| significantly higher grade than the natural geological grade | |||
| cut-off. | |||
| The cut-off grade for reporting (above 0.5g/t Au) is assumed to | |||
| be the likely cut-off grade for mining a deposit of similar grade, | |||
| dimensions and proximity to surface, as compared to other | |||
| prospects and projects in the Resolute portfolio. A more detailed | |||
| economic analysis may alter the appropriate cut-off parameters | |||
| as the MRE is refined. | |||
| Mining factors or | • | Assumptions made regarding possible mining methods, mini- | The shallow occurrence of the mineralisation and average grade |
| assumptions | mum mining dimensions and internal (or, if applicable, exter- | profile suggest that eventual extraction of the resources by open | |
| nal) mining dilution. | pit mining methods is a reasonable assumption. At this stage, no | ||
| It is always necessary as part of the process of determining | detailed open pit optimisation work has been completed. | ||
| reasonable prospects for eventual economic extraction to con- | |||
| sider potential mining methods, but the assumptions made re- | The domaining approach incorporates an amount of edge | ||
| garding mining methods and parameters when estimating Min- | dilution into the blocks of the model. No further steps to account | ||
| eral Resources may not always be rigorous. Where this is the | of mining loss / dilution have yet been included. | ||
| case, this should be reported with an explanation of the basis | |||
| of the mining assumptions made. | |||
| Metallurgical factors | • | The basis for assumptions or predictions regarding metallurgi- | The assumption is made that the Mineral Resource displays |
| or assumptions | cal amenability. It is always necessary aspart of theprocess | metallurgicalproperties amenable to the eventual economic |
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| ASX | Release | Release | |
|---|---|---|---|
| CRITERIA | JORC CODE EXPLANATION | COMMENTARY | |
| of determining reasonable prospects for eventual economic | extraction of gold. No specific metallurgical test work has yet | ||
| extraction to consider potential metallurgical methods, but the | been carried out. | ||
| assumptions regarding metallurgical treatment processes and | |||
| parameters made when reporting Mineral Resources may not | |||
| always be rigorous. Where this is the case, this should be re- | |||
| ported with an explanation of the basis of the metallurgical as- | |||
| sumptions made. | |||
| Environmental | • | Assumptions made regarding possible waste and process res- | The project area resides in an area of established agriculture, |
| factors or | idue disposal options. It is always necessary as part of the | including crops such as rubber, cocoa, coffee and plantains. | |
| assumptions | process of determining reasonable prospects for eventual eco- | Future mining would require community engagement and | |
| nomic extraction to consider the potential environmental im- pacts of the mining and processing operation. While at this stage the determination of potential environmental impacts, particularly for a green fields project, may not always be well advanced, the status of early consideration of these potential environmental impacts should be reported. Where these as- pects have not been considered this should be reported with |
compensation for lost crops. This process is well established and understood, with current exploration activities involving regular community engagement by local specialists employed by the company. The likely scope of community related factors is not deemed a material risk to eventual development of the project. |
||
| an explanation of the environmental assumptions made. | |||
| Bulk density | • | Whether assumed or determined. If assumed, the basis for the | Specific gravity values were measured based on the |
| assumptions. If determined, the method used, whether wet or | Archimedean Principle using the immersion method for | ||
| dry, the frequency of the measurements, the nature, size and | individual core samples. A total of 1,810 measurements were | ||
| representativeness of the samples. | available for the G3N zone and 1,273 for G3S. This data has | ||
| • | The bulk density for bulk material must have been measured | been used as the basis of the block model bulk density. | |
| by methods that adequately account for void spaces (vugs, porosity, etc), moisture and differences between rock and al- teration zones within the deposit. |
No relationship between density and gold content was established. |
||
| • | Discuss assumptions for bulk density estimates used in the evaluation process of the different materials. |
An average bulk density was applied to each modelled oxidation zone, where 1.8t/m3was assigned to the oxidised zone, 2.2t/m3 |
|
| assigned to transitional rock and 2.7t/m3was assigned to fresh | |||
| rock. | |||
| Classification | • | The basis for the classification of the Mineral Resources into | The entire Mineral Resource is currently classified as Inferred |
| • | varying confidence categories. Whether appropriate account has been taken of all relevant factors (i.e. relative confidence in tonnage/grade estimations, |
based on the confidence in the continuity of geology and mineralisation and quality/confidence in the estimation and quality of assay data and bulk density data. |
|
| reliability of input data, confidence in continuity of geology | The Mineral Resource estimate appropriately reflects the | ||
| and metal values, quality, quantity and distribution of the data). | Competent Person’s view of the deposit. | ||
| • | Whether the result appropriately reflects the Competent Per- | ||
| son’s view of the deposit. | |||
| Audits or reviews | • | The results of any audits or reviews of Mineral | No external reviews have been completed. |
| • | Resource estimates. | ||
| Discussion of | • | Where appropriate a statement of the relative accuracy and | The Mineral Resource Estimate has been classified based on |
| relative accuracy/ | confidence level in the Mineral Resource estimate using an | the quality of the data collected, the density of the data, the | |
| confidence | approach or procedure deemed appropriate by the Competent | confidence of the geologic and mineralisation models, and the | |
| Person. For example, the application of statistical or geostatis- tical procedures to quantify the relative accuracy of the re- source within stated confidence limits, or, if such an approach |
grade estimation quality. No relative statistical or geostatistical confidence or risk measure has been applied. |
||
| is not deemed appropriate, a qualitative discussion of the fac- | In a qualitative sense, the relative accuracy and confidence of | ||
| tors that could affect the relative accuracy and confidence of | the Mineral Resource Estimate is considered moderate, | ||
| the estimate. | reflecting the current spacing of information. The expectation is | ||
| • | The statement should specify whether it relates to global or lo- | that broad properties such as global volume, shape and extent | |
| cal estimates, and, if local, state the relevant tonnages, which | of mineralisation will remain consistent with additional (closer | ||
| should be relevant to technical and economic evaluation. Doc- umentation should include assumptions made and the proce- |
spaced) data. But the grade distribution may improve or decline at a local scale. This is consistent with the Inferred classification |
||
| • | dures used. These statements of relative accuracy and confidence of the |
applied to the MRE at this stage. | |
| estimate should be compared with production data, where | No production data is available for comparison. | ||
| available. |
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