27 November 2025

AIM: AAU

ASX: AA2

Kizilcukur Drilling Identifies Potential Extensions to Satellite Production for Kiziltepe Mine, Türkiye

Ariana Resources plc (AIM: AAU, ASX: AA2, "Ariana" or the "Company"), the mineral exploration, development and production company with gold project interests in Africa and Europe, has recently completed a drilling programme at Kizilcukur through its 23.5% ownership in Zenit Madencilik San. ve Tic. A.S. ("Zenit") in the Kiziltepe region, western Türkiye. Kizilcukur is being advanced towards providing satellite ore feed to the producing Kiziltepe Gold-Silver Mine.

Highlights:

·    Diamond drilling programme tested all three main zones of mineralisation at the Kizilcukur Deposit (Zeki, Ziya, and Zafer) located 22km NE of the Kiziltepe Gold-silver Mine, and identified potential extension zones.

·    2,769 metres across 31 holes completed, with best intercepts including:

o  4.90m @ 4.53g/t Au + 118.3g/t Ag (KCR-D07-25) - from 24.40m

o  3.60m @ 2.89g/t Au + 77.5g/t Ag (KCR-D19-25) - from 59.30m

o  1.90m @ 5.39g/t Au + 70.6g/t Ag (KCR-D21-25) - from 66.10m

·    Zenit is continuing to work towards the mining of Kizilcukur as a satellite source of ore for the Kiziltepe Gold-Silver Mine, which is in production, and environmental permitting is underway.

·     Zenit is currently targeting a late 2026 commencement of operations from Kizilcukur, as an extension to the Kiziltepe mining operations.

Dr. Kerim Sener, Managing Director, commented:

"The results of this drilling programme at Kizilcukur continue to demonstrate that the extensions of the known vein systems remain prospective and have the potential to add to the resource opportunity at this deposit. In particular, a few intercepts of a newly drilled vein system located on the eastern flank of the deposit suggest further upside in that direction.

"Zenit is continuing to work towards the mining of Kizilcukur as a satellite source of ore for the nearby Kiziltepe Gold-Silver Mine, currently in production. Associated environmental permitting is underway as part of this process and the team are working towards integrating Kizilcukur into the mining schedule for the Kiziltepe Sector. A local public consultation meeting was recently completed successfully as part of the permitting process, with a view to commencing operations late in 2026."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

Introduction

The Kizilcukur Project ("Kizilcukur" or "the Project") consists of one operational licence located in Balikesir Province in Western Türkiye. The Project is located 22km to the northeast (straight line) and 70km by road from the Kiziltepe Mine. Kizilcukur is being explored and developed as part of Zenit Madencilik's ("Zenit") operations, 23.5% of which are by Ariana.  Zenit has been exploring in the vicinity of the Kiziltepe Mine (Figure 1) in search of additional ore sources to augment production from the Kiziltepe processing plant.

Figure 1: Summary map of the Kiziltepe Project area, with the Kizilcukur Deposit highlighted in blue

Kizilcukur Drilling

In July 2025, the Zenit exploration team initiated a new phase of exploration and resource HQ diamond drilling at Kizilcukur for 2,769 metres across 31 drill holes (Figure 2). The average depth for all drilling was approximately 69 metres, with a minimum depth of 25 metres and a maximum depth of 140 metres. The dip angles ranged from 45° to 65° to test the extent of the mineralisation at depth. All drill core has been sampled and processed at the Kiziltepe Mine Laboratory ("KML").

The programme, which is now complete, was primarily designed to provide resource step-out drilling along the northwestern and southeastern extents of the Zeki, Ziya, and Zafer vein resource areas. In addition to the resource step-out drilling, four drill holes were drilled on the far eastern area of the Kizilcukur vein system, to test a series of shallow depressions surrounded by mineralised quartz float mapped in 2014. These depressions are thought to represent a series of "bell-pit" workings.

Resource drilling for the southeastern extension of the Ziya vein tested mostly outcropping and mapped extensions of the vein system, which in the past were not accessible due to a lack of drilling-road infrastructure and steep terrain (Figure 2).

Figure 2: Plan view of the Kizilcukur Project, showing historic and completed drillholes in relation to the currently defined resources. Between 2023 and 2024, the Zenit team has drilled over 3,500 metres at Kizilcukur.

As in previous programmes (AIM: 22 February 2024), the 2025 drilling programme intercepted the complex multi-phase mineralisation characteristic of the Kizilcukur deposit. Three different mineralisation phases have been identified and are being evaluated in further detail. These represent epithermal quartz veins, manganese-rich zones, and a deeper massive sulphide lead and zinc zone, which are suggestive of a low to intermediate sulphidation type system (Figure 3).

Significant intercepts from the 2025 drilling programme at Kizilcukur include:

·    4.90m @ 4.53g/t Au + 118.3g/t Ag from 24.40m in KCR-D07-25

o  including 1.00m @ 10.45g/t Au + 158.7g/t Ag from 25.8m

·    3.60m @ 2.89g/t Au + 77.5g/t Ag from 59.30m in KCR-D19-25

·    1.90m @ 5.39g/t Au + 70.6g/t Ag from 66.10m in KCR-D21-25

o  including 0.90m @ 10.61g/t Au + 100.2g/t Ag from 66.1m

Figure 3: A northeast-southwest cross-section through the Kizilcukur vein deposit, showing the Ziya and Zafer veins, as well as peripheral exploration gold-bearing quartz veins and all representative drill holes from the 2025 drilling.

Table 1: Significant gold intercepts calculated for 2025 Kizilcukur drilling using a 0.5g/t Au minimum cut-off and allowing for up to 1m internal dilution. Intercepts calculated using KML data. Silver, copper, lead and zinc shown to emphasise the different zones of mineralisation.

Summary of Kizilcukur Geology

The Project covers an area containing a series of sub-parallel quartz veins hosted by ophiolitic (dominantly basaltic) units that trend northwest and extend for about two kilometres.  The veins exhibit classic low-sulfidation epithermal textures and attain a maximum true width of 8m. The Zeki Vein extends over a strike length of 820m.

Ore Reserves have been estimated for Kizilcukur as 84.9kt at 1.97g/t Au and 84.23g/t Ag for 5,400oz gold (Au) and 0.23Moz silver (Ag) contained metal. The Mineral Resource Estimate for Kizilcukur is 256.9kt at 1.98g/t Au and 74.54g/t Ag for 16,400oz Au and 0.62Moz Ag contained metal (2024). Resources are inclusive of reserves.

Trial mining was completed within the central part of the Zeki Pit in 2017. This pit is the largest and highest grade of the three pits defined following Whittle optimisation of the Kizilcukur resource in 2016. The General Directorate of Mining Affairs approved blasting operations on the licence as part of the Mining Permit (AIM: 18 November 2015).

Sampling and Assaying Procedures

All diamond drill core from Kizilcukur has been logged and sampled at the Kiziltepe Project and analysed at KML (Kiziltepe Mine Laboratory), where the results are systematically assessed.

HQ-size drill-core samples from the drilling programme at Kizilcukur were cut in half by a diamond saw and sent for analysis in batches in line with the Company's quality control procedures. Core recovery for all drilling conducted at Kizilcukur during this 2025 campaign was 91%.

From this programme, a total of 1,579 sample results for 1,236.7 metres of sampled drill core have been returned from the KML (including 339 QA/QC samples). Samples are also being analysed by ALS Global ("ALS") in Izmir as an external laboratory check as part of the QA/QC procedures used for the Project, with a minimum 10% check rate to be achieved by the end of the drilling programme.

QA/QC sample insertion rates vary depending on the batch size accepted by the laboratory. During the 2021-2025 drilling, Zenit QA/QC protocol required 1 blank, 1 CRM, 1 field duplicate, 1 pulp duplicate and over 10% samples analysed at an external laboratory. Since October 2022, KML has been accredited by the Turkish Accreditation Agency (TÜRKAK) with 'TS EN ISO/IEC 17025:2017 General Requirements for the Competence of Experimental and Calibration Laboratory'.

All samples were assayed for gold using a 30g fire assay. Multi-element ICP (Inductively Coupled Plasma) was used to analyse other elements. Reviews of the assay results have determined that all quality control and quality assurance samples (blanks, standards, field duplicates and pulp duplicates) passed the required quality control checks established by the Company, with duplicate samples showing excellent correlation. Laboratory sample preparation, assaying procedures and chain of custody are appropriately controlled. Zenit maintains an archive of half-core samples and a photographic record of all cores for future reference.

Kizilcukur Mineral Resource Estimate

Notes:

1.   The Kizilcukur Mineral Resource Estimate is reported in accordance with the JORC Code. Reported using a cut-off grade of 0.5g/t Au, inclusive of Reserves, depleted for mining to 26 March 2024.

2.   Refer to sections 5.5.4 and 5.5.5 of the IGR for further information regarding the Kizilcukur Mineral Resource Estimate including information required by ASX Listing Rule 5.8.

Kizilcukur Ore Reserve Estimate

Notes:

1.   The Kizilcukur Ore Reserves are reported in accordance with the JORC Code. Reported using a cut-off grade of 0.5g/t Au. Depleted for mining to 30 August 2024.

2.   Refer to sections 5.5.6 to 5.5.8 of the IGR for further information regarding the Kizilcukur Ore Reserves including the information required by ASX Listing Rule 5.9.

The Board of Ariana has approved this announcement and authorised its release.

Contacts:

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

About Ariana Resources plc:

Ariana is a mineral exploration, development and production company dual listed on AIM (AIM: AAU) and ASX (ASX: AA2), with an exceptional track record of creating value for its shareholders through its interests in active mining projects and investments in exploration companies. Its current interests include a major gold development project in Zimbabwe, gold-silver production in Türkiye and copper-gold-silver exploration and development projects in Kosovo and Cyprus.

For further information on the vested interests Ariana has, please visit the Company's website at www.arianaresources.com.

Zeus Capital Limited, Fortified Securities and Shaw and Partners Limited are the brokers to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser.

Competent Persons Statement

The information in this announcement relating to Exploration Results at the Kizilcukur Project is based on, and fairly represents, information and supporting documentation prepared by Mr Zack van Coller BSc (Hons). Mr van Coller is a full-time employee of Ariana Resources plc. Mr van Coller is a Member of the Australian Institute of Mining and Metallurgy, a Fellow of the Geological Society London (a Registered Overseas Professional Organisation as defined in the ASX Listing Rules), and has sufficient experience which is 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 as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (the JORC Code 2012). Mr van Coller consents to the inclusion in this report of the matters based on the information compiled by him, in the form and context in which it appears.

The information that relates to Mineral Resources and Reserves is based upon information compiled by Miss Ruth Woodcock, Exploration Group Leader, Ariana Resources plc. Miss Woodcock is a member of Recognised Professional Organisations as defined by JORC 2012: a Chartered Geologist (CGeol, Geological Society of London) and European Geologist (EurGeol, European Federation of Geologists) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity upon which she is reporting as a Competent Person as defined in the 2012 Edition of "The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves." Ms. Woodcock consents to the inclusion in this report of the matters based on the information compiled by her, in the form and context in which it appears.

Forward looking statements and disclaimer

This announcement contains certain "forward-looking statements". Forward-looking statements can generally be identified by the use of forward-looking words such as "forecast",

"likely", "believe", "future", "project", "opinion", "guidance", "should", "could", "target", "propose", "to be", "foresee", "aim", "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue", "indicative" and "guidance", and other similar words and expressions, which may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production dates, expected costs or production outputs for the Company, based on (among other things) its estimates of future production of the Projects. To the extent that this document contains forward-looking information (including forward-looking statements, opinions or estimates), the forward-looking information is subject to a number of risk factors, including those generally associated with the gold exploration, mining and production businesses. Any such forward-looking statement also inherently involves known and unknown risks, uncertainties, and other factors that may cause actual results, performance, and achievements to be materially greater or less than estimated. These factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations, general economic and share market conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development (including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves), changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, geological and geotechnical events, and environmental issues, and the recruitment and retention of key personnel.

The Board of Ariana Resources plc has approved this announcement and authorised its release.

Drill Collars Table for Kizilcukur 2025

(ED50 / UTM Zone 35)

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

NOTE:  Sections 3 and 4 aren't provided here as no mineral resources or ore reserves are being reported. Section 5 is not relevant to this work as there is no estimation or reporting of diamonds or other gemstones in this project.

Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to this section.)

Criteria	JORC Code explanation	Commentary
Database integrity	·     Measures taken to ensure that data has not been corrupted by, for example, transcription or keying errors, between its initial collection and its use for Mineral Resource estimation purposes. ·     Data validation procedures used.	·      The Kizilcukur resource data was stored in Datashed. Data has now been transferred to MX Deposit , the database management system used by the company since Q3 2021. It is exported as spreadsheets to be used in 3D  modelling software (Leapfrog Geo and Edge). ·      Previously, data was logged onto field sheets which were then entered into the data system directly by geologists working on the Project. In recent drill programmes, the logging has been completed directly into MX Deposit from field tablets. ·      Data was validated on entry into the database, or on upload from the earlier MS Access databases, by a variety of means including the enforcement of coding standards. ·      Laboratory data has been received in digital format and uploaded directly to the database. ·      Original data sheets and files have been retained and are used to validate the contents of the database against the original logging. ·      Independent consultants Coffey Geotechnics Ltd, a Tetra Tech company performed a visual validation by reviewing drill holes on section in Datamine Studio RM mining software. ·      Ariana Resources performed validation checks in Leapfrog GEO and EDGE v. 2023.2.0.
Site visits	·	·      Ariana staff have visited the site on numerous occasions, and supervised all 2015, 2018-2019 and 2023 drilling sampling and other operations at all times in order to introduce appropriate logging, sampling and drilling protocols. ·      Ruth Woodcock (BSc, CGeol, EurGeol) of Ariana Resources is acting as the Competent Person for this study, and has been on site during active drilling programmes and other exploration activities. The site will be re-visited at a later date if further work is required.  ·      Zack van Coller (BSc) of Ariana Resources has been involved in all work on the project since 2010 and has completed the peer review of this MRE. ·      Ariana Resources (Galata Madencilik) and Zenit Madencilik field staff are permanently on site.
Geological interpretation	·     Confidence in (or conversely, the uncertainty of ) the geological interpretation of the mineral deposit. ·     Nature of the data used and of any assumptions made. ·     The effect, if any, of alternative interpretations on Mineral Resource estimation. ·     The use of geology in guiding and controlling Mineral Resource estimation. ·     The factors affecting continuity both of grade and geology.	·      Sub-vertically-dipping vein-hosted mineralisation. ·      Interpretations by Ariana of geological surfaces derived from 3D modelling of drill hole lithological data in Leapfrog Geo and Edge (v.2023.2.0). ·      The Project covers an area containing a series of sub-parallel quartz veins hosted by ophiolitic units that trend northwest and extend for about two kilometres.  The veins exhibit classic low-sulphidation epithermal features and attains a maximum true width of 8 m.  The vein system extends over a strike length of 900 m.
Dimensions	·     The extent and variability of the Mineral Resource expressed as length (along strike or otherwise), plan width, and depth below surface to the upper and lower limits of the Mineral Resource.	·      In plan orientation, the deposit comprises three main lodes ranging in strike length from 290 m to 375 m over an overall strike length of 900 m. ·      Lodes typically vary from 1 to 6.5 m in thickness with main lode averaging 2.5 m thickness. ·      Mineralisation has vertical extents of approximately 100 m.
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 maximum distance of extrapolation from data points. If a computer assisted estimation method was chosen include a description of computer software and parameters used. ·     The availability of check estimates, previous estimates and/or mine production records and whether the Mineral Resource estimate takes appropriate account of such data. ·     The assumptions made regarding recovery of by-products. ·     Estimation of deleterious elements or other non-grade variables of economic significance (eg sulphur for acid mine drainage characterisation). ·     In the case of block model interpolation, the block size in relation to the average sample spacing and the search employed. ·     Any assumptions behind modelling of selective mining units. ·     Any assumptions about correlation between variables. ·     Description of how the geological interpretation was used to control the resource estimates. ·     Discussion of basis for using or not using grade cutting or capping. ·     The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation data if available.	·      Drill hole sample data was constrained within semi-manually constructed orebody wireframes defined by a nominal 0.3 g/t Au cut off.  The model was based on gold results only, but silver was also estimated into that volume. ·      Compositing was completed in Leapfrog EDGE using a 1 m best fit routine. Hard domain boundaries were applied to the main veins and soft boundaries with 1m range were applied to the smaller veins either side of the main veins, which forced all samples to be included in one of the composites by adjusting the composite length, while keeping it as close as possible to the selected intervals of 1m. ·      Sample data was composited to a 1 m downhole length using a 0.3 g/t Au cut-off and maximum 1 m internal waste. ·      An analysis of the grade distribution characteristics of the domain composites for each deposit was undertaken.  Following analysis of the data it was decided that a top cut was not required. However, grade clamping was applied for gold results >12g/t. This has the effect of preserving the high grade, but not allowing it to smear over a large area. ·      A block model was constructed using a 2 m E by 2m N by 1 m RL parent block size. The block model is a non-rotated conventional block model with no sub-blocking used. ·      Estimation was carried out using inverse distance squared (ID2) at the parent block scale.  Three estimation passes were undertaken using specific composite data for each separate domain. Ordinary Kriging was not used as satisfactory variograms were not obtainable. ·      Material from historical underground mining has not been subtracted as the extent of these is not clear. Surface trial mining material has been depleted from the resource as updated topography was used. ·      Search parameters were as in the table below.     ·      Gold and silver have been estimated as mining products. No by-products or deleterious elements have been modelled. ·      In general, gold and silver show a positive correlation with each other. ·      A visual validation between drillhole data, composite data and block model data is carried out. ·      Swath plots for each vein set showed good consistency between raw data, composites and estimated block grades.
Moisture	·     Whether the tonnages are estimated on a dry basis or with natural moisture, and the method of determination of the moisture content.	·     Tonnes have been estimated on a dry basis.
Cut-off parameters	·     The basis of the adopted cut-off grade(s) or quality parameters applied.	·      Measured, Indicated and Inferred Resources have been reported above a 1.0 g/t Au cut-off grade, i.e., economical cut-off.  This is the same cut-off applied in previous estimates.
Mining factors or assumptions	·     Assumptions made regarding possible mining methods, minimum mining dimensions and internal (or, if applicable, external) mining dilution. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential mining methods, but the assumptions made regarding mining methods and parameters when estimating Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the mining assumptions made.	·      No mining factors (i.e. dilution, ore loss, recoverable resources at selective mining block size) have been applied. ·      It is assumed that the deposit will be an open pit operation with ore material trucked to the nearby Kiziltepe Mine carbon-in-leach plant for gold and silver extraction.
Metallurgical factors or assumptions	·     The basis for assumptions or predictions regarding metallurgical amenability. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential metallurgical methods, but the 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 reported with an explanation of the basis of the metallurgical assumptions made.	·      No metallurgical assumptions have been built into the resources because there is no intent at this point in time to convert the Mineral Resource into a Mineral Reserve. ·      Initial metallurgical test work has been carried out at the Laboratory at the Kiziltepe Mine, with gold recoveries of 82 to 91%.
Environmental factors or assumptions	·     Assumptions made regarding possible waste and process residue disposal options. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider the potential environmental impacts of the mining and processing operation. While at this stage the determination of potential environmental impacts, particularly for a greenfields project, may not always be well advanced, the status of early consideration of these potential environmental impacts should be reported. Where these aspects have not been considered this should be reported with an explanation of the environmental assumptions made.	·      The Competent Person is not aware of any known environmental or permitting issues on the projects, however, the estimate of Mineral Resources may be materially affected should such related issues arise.
Bulk density	·     Whether assumed or determined. If assumed, the basis for the assumptions. If determined, the method used, whether wet or dry, the frequency of the measurements, the nature, size and representativeness of the samples. ·     The bulk density for bulk material must have been measured by methods that adequately account for void spaces (vugs, porosity, etc), moisture and differences between rock and alteration zones within the deposit. ·     Discuss assumptions for bulk density estimates used in the evaluation process of the different materials.	·      Bulk density has been estimated into the model, based on calculations on drill core density measurements across 868 measurements. Based on these estimations, density in the total resource is 2.58g/cm3. The density measurements range from 1.99 to 3.65 g/cm3 depending on the lithology, with quartz vein material ranging from 2.21 to 3.65 g/cm3.
Classification	·     The basis for the classification of the Mineral Resources into varying confidence categories. ·     Whether appropriate account has been taken of all relevant factors (i.e. relative confidence in tonnage/grade estimations, reliability of input data, confidence in continuity of geology and metal values, quality, quantity and distribution of the data). ·     Whether the result appropriately reflects the Competent Person's view of the deposit.	·      Mineral Resources have been classified on the basis of confidence in geological and grade continuity using the drilling density, geological model and modelled grade continuity, in accordance with JORC 2012. ·      Measured Mineral Resources have been defined by a 30 x 15 x 7.5 m search ellipse. ·      Indicated Mineral Resources have been defined by a 60 x 30 x 15 m search ellipse. ·      Inferred Mineral Resources have been defined in areas beyond the indicated search ellipse to the limits of the resource wireframes.
Audits or reviews	·     The results of any audits or reviews of Mineral Resource estimates.	·      The ID2 model was validated against the input drill hole composites for each domain by visual comparisons carried out against the composited drill hole samples for each domain against the modelled block grade. ·      The Zenit Mining team conducted their own internal MRE estimation of Kiziltepe, using both their own and Ariana's input parameters and domain models, but using different software (Datamine Studio RM). Results between the Ariana and Zenit estimations were peer-reviewed and discussed. There was good correlation between the estimations. ·      The previous mineral resource estimate on the Kizilcukur project was completed in 2020 by Tetra Tech (UK).
Discussion of relative accuracy/ confidence	·     Where appropriate a statement of the relative accuracy and confidence level in the Mineral Resource estimate using an approach or procedure deemed appropriate by the Competent Person. For example, the application of statistical or geostatistical procedures to quantify the relative accuracy of the resource within stated confidence limits, or, if such an approach is not deemed appropriate, a qualitative discussion of the factors that could affect the relative accuracy and confidence of the estimate. ·     The statement should specify whether it relates to global or local estimates, and, if local, state the relevant tonnages, which should be relevant to technical and economic evaluation. Documentation should include assumptions made and the procedures used. ·     These statements of relative accuracy and confidence of the estimate should be compared with production data, where available.	·      The Mineral Resource estimate at the global level for the Measured and Indicated Resources based on the estimation technique and data quality and distribution is considered to be adequate for the classification.  Inferred Resources have a lower level of confidence outside of this range. The Exploration Target is categorised separately from Mineral Resources.

Section 4 Estimation and Reporting of Ore Reserves

(Criteria listed in section 1, and where relevant in sections 2 and 3, also apply to this section.)

NOTE: Section 5 is not relevant to this work as there is no estimation or reporting of diamonds or other gemstones in this project.