·   The Mineral Resource estimate (MRE) is based on reverse circulation chip and diamond drill core sampling. The 2021 programme was composed of 39,791 metres of RC and 3,406.6 metres of DD.

·   RC was ubiquitously sampled on 1m intervals. Each rod string is 6m in length and is checked and marked with grease every 1m to allow personnel to observe sampling and drill progress. The driller will sound a horn at the end of each 1 m interval, warning the samplers to switch bags at the cyclone.

·   All industry standard RC sample quality procedures were applied and each shift a geologist was present to insure sample quality was maintained, holes were not stopped in mineralisation and activity reporting monitored cost control. No detailed logging or sampling was conducted at the rigs.

·   All bulk 1m samples were transported immediately upon hole completion to a central bag farm next to the Sanankoro camp. No samples were left in the field. All samples drilled were shipped to the bag farm for splitting and logging under controlled and secured conditions.

·   The 1m bulk samples are riffle split down to 5-6kg using a 3 Tier 75:25 riffle splitter and a duplicate pair of 2-3kg samples are then generated using a 2 tier 50:50 riffle splitter. One sample is sent to the lab and the duplicate is stored for any future re-assay or reference.

·   All RC holes are photographed on chip tables and chip trayed after sampling and logging.

·   All RC holes are geologically logged and panned for visible gold on
1 m intervals concurrently with sampling.

·   The logging and panning results dictate whether the logging or senior geologist will instruct compositing in less favourable intersections of a hole. Composites of 4 m are possible in barren intersections.

·   Sampling of DD core aims to maintain a standard 1 m interval but can be sampled from 0.5 m to 1.5 m in length, depending upon the interval required to reach the mineralised contact or select the vein width.

·   All core is saw cut. Sample interval ends are saw cut pre-sampling to ensure sampling intervals are adhered to.

·   All core boxes are metal.

·   All core boxes are photographed wet and dry upon receipt at the core shed from the rig.

·   The RC samples were sent to an accredited laboratory where they were pulverised to 85% passing 75 micron in a Labtechnics LM2 puck pulveriser and sub-sampled to provide 2 kg for CN Bottle Roll and/or a 50 g aliquot for fire assay. Bottle roll is the preferred assaying method for oxide materials and fire assay for fresh or sulphide-rich material.

·   RAB, aircore and aircore hammer were sampled and analysed as per the RC procedure.

·   The DD samples are sent to an accredited laboratory where they were jaw-crushed 95% passing 2 mm, then pulverised down to 85% passing 75 micron in an Labtechnics LM2 puck pulveriser and sub-sampled to provide 2 kg for CN Bottle Roll and/or a 50 g aliquot for fire assay. Bottle roll is the preferred assaying method for oxide materials and fire assay for fresh or sulphide-rich materials.

·   Vertical auger drilling was conducted to gain a sample of the interface material below transported surface gravels. Auger holes ranged from 0.5-5.0 m and were sent to an accredited laboratory where they were pulverised to 85% passing 75 micron in a Labtechnics LM2 puck pulveriser and sub-sampled to provide 2 kg for CN Bottle Roll and or a 50 g aliquot for fire assay. Bottle roll is the preferred assaying method for oxide materials and fire assay for fresh or sulphide-rich material.

·   Various drilling techniques have been used at Sanankoro - auger, RAB, air core, aircore hammer, RC and diamond core.

·   The database was supplied as two parts, an exploration database consisting of auger, RAB, aircore and aircore hammer; and a Mineral Resource database consisting of RC and diamond drilling.

·   All core intervals are orientated using a WELLFORCE DV8 iCORE ORI instrument when geologically possible.

·   DD core was drilled on an average of 3 m rod pulls but depending upon ground conditions 1.5 m or 6 m rod pulls could have been applied. PQ was used through the soft, friable oxide from surface normally to between 40 and 80 m. The drill string was reduced subsequently to HQ. NQ was not drilled in 2021.

·   RC was drilled using a 5 ^3/8" face-sampling hammer

·   All drilling details and dates are recorded on hole logs and are stored in the COLLAR file on DATASHED™.

·   DD core was drilled on an average of 3 m rod pulls but depending upon ground conditions 1.5 m or 6 m rod pulls could have been applied. PQ was used through the soft, friable oxide from surface normally to between 40 and 80 metres. The drill string was reduced subsequently to HQ. NQ was not drilled in 2021.

·   DD core recoveries were estimated on industry standard methods of direct tape measure on core reconstructed on a triple-length angle-iron cradle, locked where possible and corrected for stick-up errors.

·   RC was drilled using a 5 ^3/8" face-sampling hammer leading a 4^1/2" standard rod string. Auxiliary booster-compressor air packs were used on deeper holes, normally > 110m, to ensure dry sample quality and recovery.

·   The RC drilling was sampled on a standard 1 m interval and recoveries assessed quantitively by weighing each sampled metre. A total of 40,640 RC sample weights were recorded in 2021. The practice of weighing drill chip samples immediately from recovery at the rig is Cora Gold standard practice for all RAB, air core and RC drilling.

·   Sample quality and recovery are monitored at the rig during drilling shift both observationally by the geologist checking the moisture content, possible contamination and relative recovery along the bag line and quantitively by weighing each of the bulk 1 m samples direct from the cyclone before layout.

·   Diamond core and RC recoveries are logged and recorded in the database.  Overall recoveries are >90% for the diamond core and >70% for the RC; there are no core loss issues or significant sample recovery problems. A geologist is always present at the rig to monitor and record sample quality.

·   The Mineral Resource is defined by DD and RC drilling, which have high sample recoveries.  No relationship between sample recovery and grade have been identified at the project. The consistency of the mineralised intervals and density of drilling is considered to preclude any issue of sample bias due to material loss or gain.

·   All RC holes are logged, panned and sampled on a standard 1 m resolution. Every 1 m drilled is logged and panned before being sampled.

·   4 m compositing may be instructed in barren sections of drilled hole based on the results of the detailed logging.

·   All RC holes are photographed on chip tables and chip trayed after sampling and logging.

·   All DD core is transported to the core shed located at the main Sanankoro Camp for full RQD, geotechnical logging and density/PLT determinations prior to being released for geological logging and sampling from top to bottom of hole.

·   All core boxes are photographed wet and dry upon receipt at the core shed from the rig.

·   The level of detail in the logging is deemed appropriate for Mineral Resource estimation and reporting.

·   All RC chip samples were weighed and riffle split to 2-3kg for submission to the lab. All RC holes are sampled in bulk, logged and panned on a standard 1 m interval. Compositing to 4 m may occur in barren geology.

·   All DD core is saw cut and half core sampled. DD sample intervals can range from 0.5 m to 1.5 m, depending on geology.

·   A standard 5 in 25 sample QAQC was used throughout 2021, composed of 1 standard, 1 blank, 2 duplicates and 1 triplicate. The 2021 assay stream had a routine 20% QAQC component.

·   The database manager monitors all sampling and QAQC vetting of the assay stream.

·   Field duplicates assist in determining the representivity of sub-samples.

·   QC Category ratios

·   Sub-samples are deemed appropriate for Mineral Resource estimation and reporting.

·   Sample preparation involved oven drying, jaw crushing core P70 passing 2 mm, followed by total pulverisation through an LM2 puck pulveriser to a nominal 85% passing 75 microns.

·   Historically it has been proven that the nuggety, highly weathered nature of the Sanankoro oxide mineralisation is best head assayed by 2 kg Bottle Roll/AAS with a 50 g Fire Assay/AAS on the BR tail residue. The bulk of the MRE assay database is completed by this method.

·   The fresh sulphide mineralisation is assayed by standard total fusion 50 g Fire Assay/AAS. A total of 18,430 fire assays were reported.

·   A total of 29,899 Bottle Roll (Leachwell) assays were reported with 7,561 Fire Assay/AAS Tails

·   A standard 5 in 25 sample QAQC was used throughout 2021, composed of 1 standard, 1 blank, 2 duplicates and 1 triplicate. The 2021 assay stream had a routine 20% QAQC component.

·   Laboratory summary

·   Standard type ratios

·   CRM standards were sourced from accredited suppliers Geostats Pty Ltd. and Rocklabs. CRM standards were used ranging from 0.1 ppm to 78.81 ppm

·   Following review of the QAQC, the data are deemed appropriate for Mineral Resource estimation and reporting.

·   The CP has visually verified significant intersections in diamond core and RC drilling during the site visit.

·   Geology and sampling data were logged into Excel format templates and sent via e-mail to the database manager.  Files were imported into Datashed via configured importers and passed through stringent validation.  Validation included:

·    Logging codes checked against approved code lists

·    Interval overlaps and gaps

·    Records beyond end-of-hole

·   All digital files received were archived on the workstation hosting the database. This was located on site with the database manager. Scheduled daily backups of the database and file archive were made to a NAS solution located at the same site. Nightly scheduled offsite backups were conducted to a verified backup service provider.  All offsite backups are encrypted.

·   During 2021 MRE drill program, historical Goldfields RC and DD intercepts were twinned, along with previous Cora Gold aircore and RAB intercepts and previous important DD intercepts which correlated with sections of poor DD core recoveries.

·   The Goldfields twin holes correlated closely, under-writing the use of the Goldfields Mineral Resource data in the MRE.

·   Overall, the drilling, logging, sampling, assaying and QAQC procedures are considered to be consistent with industry standard practice.

·   No adjustments or calibrations were made to any assay data used in this estimate.

·   Grid System: WGS84 UTM zone 29N (EPSG: 32629)

·   All surface survey features were surveyed with a LEICA GS18-T RTK DGPS to within a proven accuracy of 30 cm; Cora Gold conducted the DGPS work. All new and historical Mineral Resource drill collars were located and resurveyed by CG-LEICA in 2021.

·   A large number of well distributed ground control points and features were used for the TERRABOTICS satellite survey. All points were set-out or picked-up using CG-LEICA.

·   TERRABOTICS UK produced a site specific 139 km² DTM with 0.3 m RL accuracy using tasked MAXAR orthorectified WV3 imagery flown in Nov-Dec 2020. The DTM was provided in February 2021 and utilised throughout the latest drill programme from March to August 2021.

·   The TERRABOTICS DTM proved accurate from on-going survey work to be within 30-50 cm RL. DGPS easting and northing showed better resolution.

·   The TERRABOTICS DTM is an acceptable topographic model for Sanankoro which defines the surface relief and maps the artisanal pits across the 139km² area of interest (AOI) accurately. The WV3 imagery maps the full cadastral and natural features across the project area.

·   The 2021 drilling utilised a WELLFORCE CHAMP north-seeking gyro throughout and every drilled RC and DD hole has a detailed gyro DTH survey file. Historically, DTH surveys where conducted, used a REFLEX EZ-TRAC.

·   The 2021 DD drilling utilised a WELLFORCE DV8 iCORE ORI orientation tool.

·   The nominal drillhole collar spacing is 50 m x 25 m and 50 m x 50 m.

·   Due to the orientation of drill traces on section, data between drillholes can be spaced as close as 10 m in places.

·   The mineralised domains have demonstrated sufficient continuity in both geology and grade to support the definition of Inferred and Indicated Mineral Resources as per JORC 2012 guidelines. 

·   The bulk of the drilling is orientated 090^o or 270^o orthogonal to the strike of the mineralised domains. Structural logging based on oriented core indicates that the main mineralisation controls are +/-20^o from 000 north and largely perpendicular to drill direction.

·   No orientation-based sampling bias has been identified in the dataset.

·   The full chain of custody is managed by Cora Gold. Samples collected daily from the rigs and transported to the central bag farm and sample processing area next to the main Sanankoro camp where the bulk samples are logged, split and prepared for onward transport to the various labs.

·   The samples are stored on site and a truck collects available samples weekly and transports them to Cora Gold office in Bamako for registration and verification prior to onward delivery to either SGS Ouagadougou or ALS Ouagadougou.

·   The labs sign sample submissions as evidence of receipt.

·   Completed assay files and pdf certificates were distributed to the approved recipients by Lab LIMS. Assay files were imported as received to Datashed and then archived on the workstation hosting the database.

·   Database management software used is DATASHED version 4.6.4.2 with DB version 4.6.5 with MSSQL Server SQL2017 backend.

·   Cora Gold's Head of Exploration visited each of the labs in November and December 2020 before signing contracts. No issues were identified during the visit.

·   The Sanankoro Gold Project (area 341.87 sq km) is located in the Yanfolila Gold Belt of southern Mali. The Sanankoro Gold Project comprises five contiguous gold exploration permits, being Bokoro II (area 63.1 sq km; expiry date 25 August 2023), Bokoro Est (area 100 sq km; expiry date 18 September 2028), Dako II (area 44.66 sq km; expiry date 31 December 2027), Kodiou (area 50 sq km; expiry date 15 May 2023) and Sanankoro II (see below). The Definitive Feasibility Study is focused on Mineral Resources within the Sanankoro II gold exploration permit.

·   In accordance with the 2019 Mining Code of the Republic of Mali, the 84.11 sq km Sanankoro II gold exploration permit was awarded to Cora Resources Mali SARL on 02 March 2021 (Arrêté no. 2021-0590-MMEE/SG). Cora Resources Mali SARL is registered in the Republic of Mali. The duration of the permit is 3 years, renewable twice at the holder's request, the duration of each renewal period is extended to 3 years - as such the full-term expiry date of the Sanankoro gold exploration permit is 02 March 2030. Cora Resources Mali SARL is a wholly owned subsidiary of Sankarani Ressources SARL which in turn is a 95% subsidiary of Cora Gold Limited. Sankarani Ressources SARL is registered in the Republic of Mali. Cora Gold Limited is registered in the British Virgin Islands. The residual 5% interest in Sankarani Ressources SARL may be acquired from a third party for the sum of US$1 million. In addition, the Sanankoro II permit is subject to a third party 1% Net Smelter Return ('NSR') royalty. All fees due to the government in respect of the Sanankoro II gold exploration permit have been paid and the permit is in good standing.

·   A gold exploration permit over the same area as that covered by the Sanankoro II gold exploration permit was previously held by Sankarani Ressources SARL. This permit expired on 01 February 2020, having been initially awarded on 01 February 2013

·   Exploration activities on the original Sanankora permit by previous workers have included geological mapping, rock chip sampling, termite sampling, trench sampling geophysical surveys and surface drilling - auger, RAB, air core, reverse circulation and diamond core.

·   There were two previous companies who conducted work at Sanankoro i.e. Randgold between 2004 to 2008 and Goldfields between 2008 until 2012.

·   2004-2008 RANDGOLD conducted successive programs of soils and termites geochemical sampling on iterative 500 m, 200 m and 100 m grids. Broad blocks of Gradient Array IP (GAIP) were completed to assist drill targeting on the broad regional-scale surface anomalies. They drilled broad spaced 400 m x 100m auger and RAB fences in search for bedrock targets.

·   2008-2012 GOLDFIELDS conducted infill soils and termite sampling down to 100 m x 25 m resolution. They conducted large blocks of regional Gradient Array IP (GAIP) and three main phases of drilling ranging from 400 m x 100 m RAB with follow-up air core down to
50 m x 25 m RC and RC with diamond core tails, dependent upon results discovered.

·   CORA GOLD acquired the Sanankoro Permit in April 2017 and started exploration termite sampling in May 2017. Chris Barrett SRK UK - Principal Exploration Geologist visited Sanankoro March 27th to 30^th, 2017 to bless the deal. SRK UK, however, never returned to site to do any CP due diligence for the 2019 MRE, due to security concerns.

·   Sanankoro is located on the leading western edge of the Yanfolila-Kalana Volcanic Belt, which is the western-most expression of the cratonic Baoulé-Mossi domain, on the major transcrustal margin with the Siguiri Basin. There is major deep-seated architecture across the district which links the major gold mines at Siguiri, Lero, Tri-K, Kalana and Yanfolila.

·   On a project scale, Sanankoro is characterised by the 2 km wide Sanankoro Shear Zone, which can be traced over 30 km from Kabaya South in the western Yanfolila Mine to north of the Niger River beyond Selin and onto Karan. Within the project area, each of the prospects are underpinned by a strong linear parallel, and where strong mineralisation is developed, a pronounced localised NE-SW focused zone of en-echelon veining and associated sulphide development.

·   There are five main areas which currently define the Sanankoro Gold project, which in order of significance are Selin, Zone A, Zone B, Zone B North and Zone C.

·   Selin is hosted on the eastern margin of the Sanankoro Shear Zone in the north-eastern corner of the Sanankoro permit. The Selin deposit has a typical interference node control but with the additional positive impact of a strong, rheological diorite intrusive host. The gold geology at Selin is anchored along this linear, en-echelon or possibly folded, diorite igneous intrusive which cores the volcaniclastic thrust assemblage and focuses the gold deposition. Recent core drilling into Selin has enlightened the genetic model for this resource deposit by discovering 4-6 multiple early/pre-D3 dykes of diorite intruding the 65-80°W dipping axial trace of a western hanging-wall F3 anti-form on this major reactivated D2 east-verging thrust. The >100 m wide Selin Shear Zone may be a regional back-thrust and the dominant eastern margin of the regional west-verging Sanankoro Thrust. The largest diorite unit is demonstrably discordant and sits immediately west and adjacent to a major early ductile, 10-30 m wide footwall carbonaceous shear. Progressive deformation has folded, warped and possibly cross-faulted the diorite units prior to gold deposition. The early footwall shear fabrics are overprinted by later semi-brittle to brittle graphitic faults which locally convert all protolith to graphitic schist on sub-metre scale. The diorite units exhibit multi-phase veining interference and sulphide development. The dominant sulphide is pyrite with occasional arsenopyrite and a scattering of chalcopyrite. Alteration minerals are predominantly sericite, silica, fuchsite, ankerite, graphite and calcite.

·   Zone A shores up the southern limit of the 11.5 km mineralised corridor, which forms the backbone to the Sanankoro Project.  Zone A is the southern-most expression of the 010° trending central axis of the Sanankoro Shear Zone, which sits 900 m west of the Selin Boundary Shear and hosts the 5.8 km chain of open pit resources from Zone A through Zone B1, B2, B3 to Target 3. The deposits of this central trend verge westward mimicking the regional sense of thrusting.

·   Zone B is the strike extension of Zone A, located 800 m to the north.  The Sanankoro Main Trend runs for 6 km from south end of Zone A to the north end of Target 3. Detailed sectional drilling is required along the length of this major generative gold system. The local structural facing and stratigraphy of Zone B is very similar to Zone A with the western footwall sequences hosting more crystalline volcanic tuffaceous units and the eastern, hanging wall assemblages being more basinal sediments. Zone B hosts an impressive scale of hydrothermal activity and the broad horizontal widths of mineralisation observed in the recent drilling bodes well for future discovery potential along the central and southern sections of the Sanankoro Main Shear Zone (SMSZ).

·   Zone C is located 650 m southwest of Zone A on the parallel, >7 km long Sanankoro West Shear Zone (SWSZ) which can be traced along a chain of surface workings to the Excavator Prospect, 1.5 km NNW of Target 3. The SWSZ is high in the priority list for drilling in the 2022 programme and a number of SWSZ targets, beyond Zone C, will be tested for surface potential.

·   Zones A, B and C deposits are identical in style and typical of Siguiri Basin Deposits, fold-thrust controlled within pelitic and psammitic sediments and very deeply weathered (>120 m from surface). There is a highly evolved weathering profile with a pronounced 8-10 m thick duricrust-laterite ferro-cap, grading downward into a well-developed mottled zone to 20-25 m depth and remains highly weathered until beyond 140 m vertically within the central mineralised fault zone.  Zone B1 has extremely deep weathering with shallow oxide densities measured to depths of 190 m down-dip within the ore zone trough.

·   All of the host oxide lithologies are weathered to kaolin with only highly corroded quartz vein material remaining in-situ to mark the main gold faults. Diamond core shows the host lithologies to be predominantly variably grained basinal pelites and sandstones with minor horizons of small quartz clast, matrix-supported greywacke inter-bedded within the sequence. A minor intercept of diorite has been identified but does not form an important control to the mineralisation currently drill tested at Zone A or C. The primary sulphide is pyrite disseminated around central vein networks and enveloped by a broader hydrothermal halo of silica flooding, sericite and ankerite.

·   Significant intercepts that form the basis of the MRE have been released to the AIM in previous announcements (available on the Cora Gold website) with appropriate tables incorporating Hole ID, Easting, Northing, From, Depth and Intercept Assay Data.  Appropriate maps and plans accompany this MRE.

·   Previous drilling completed by Cora Gold, Goldfields and Randgold is documented herein and in the publicly available reports "A Mineral Resource Estimate on the Sanankoro Gold Project, Mali" and "A Report for the Mining Scoping Study on the Sanankoro Gold Project, Mali" both prepared by SRK Consultants UK and dated December 2019.

·   A complete listing of all drillhole details is not necessary for this report which describes the Sanankoro Gold Project Resources and in the Competent Person's opinion the exclusion of this data does not detract from the understanding of this report.

·   The 2021 programme twinned important historical Goldfields and early Cora Gold, smaller diameter, air core and RC intercepts. Historical Energold DD NQ core holes exhibited sections of unacceptably poor recoveries, especially in the deeply oxidised deposits of Zone A and Zone B1, which were twinned using the deep RC rig.

·   All RC intersections are sampled and assayed on 1 m intervals but could be composited up to 4 m in areas interpreted to be barren.

·   DD core sampling can be 0.5-1.5 m in length depending on geological contacts.

·   Significant intercepts have previously been reported using a cut-off grade of 0.5 g/t, without top cuts.

·   Mineralised intervals are reported with a maximum of 3 m of consecutive internal dilution of less than 0.5g/t Au. Mineralised intervals are reported on a length-weighted average basis.

·   No metal equivalents are reported.

·   The orientation of the mineralised zone has been established and the majority of the drilling was planned to intersect the mineralised structures orthogonally or as close as practicable.

·   Existing artisanal workings, buildings, sacred sites and drainage sometimes created obstacles which prevented perfect intersection and some holes were required to be drilled at less-than-ideal orientations. 

·   For the bulk of drillholes, site preparations were carried out and
50 m x 25 m drill spacing applied and acceptable intersection orientations were achieved.

·   The appropriate plans and sections are included in this document.

·   All grades, high and low, are reported accurately with "from" and "to" depths and "hole identification" shown.

·   Detailed metallurgical test work has been carried out as part of a previous scoping study. Test work shows that the ore is amenable to conventional crushing, grinding, gravity and CIL processing. Oxide recoveries have been determined to be >95%. A updated metallurgical variability test work programme is on-going at ALS Perth.

·   1.068 detailed dry bulk density determinations were conducted on all 2021 drilled core.

·   589 detailed UCS point load determinations were conducted on all drilled fresh core.

·   Detailed geotechnical logging and analysis was conducted on all drill core.

·   Detailed regional exploration programs continue to generate new drill targets which will feed into potential Mineral Resource growth.

·   Detailed ESIA studies commenced in Q2 2020 and stake holder engagement meetings conducted through out the period to date.

·   A programme of detailed hydrology and civils geotechnical drilling is planned for water management, TSF and plant sites.

·   Detailed variability metallurgical test work is planned at ALS Perth to support a feasibility study.

·   Detailed open pit and civils geotechnical studies are planned to support a feasibility study. 

·   Detailed hydrology studies are planned to support a feasibility study.

·   Additional Mineral Resource, Ore Reserve and grade control pattern drilling is planned to update Ore Reserve designs prior to commencement of mining.

·   Cora Gold (CG) have a dedicated, 30 year experienced Data Manager consultant Mr. Tim Kelemen who devised and built the central Datashed™ database with standardised data collection templates, lookup tables and validation routines for all exploration logging, spatial and sampling data. 

·   Data collection is updated nightly by the Senior Project Geologist and e-mailed as a quicklog to Tim in Brisbane for upload, validation and reporting. The quicklog Excel file contains DRILL ACTUAL VS PLAN, COLLAR, DTH SURVEY, SAMPLING, GEOLOGY, VG LOGGING, WATER TABLE, INTERCEPTS and LAB SUBMISSION sheets.

·   Sample numbers are unique and pre-numbered bags are used. 

·   CG project geologists validate assays returned back to the drill logged geology in chips and core, previous section intercepts and on-going 3D interpretation within MICROMINE™.

·   The MRE data was further validated on import into MICROMINE™ mining software.

·   CG employed routine 20% QAQC throughout all of the 2021 assaying stream, involving 1 standard, 1 blank, 2 duplicates and 1 triplicate which were inserted for every 25 samples submitted (5:25)

·   Detailed re-splits of important positive and negative intercepts were taken as directed by the Head of Exploration, re-assayed at various labs and cross-checked against original assays as selective QAQC.

·   A full record of access and database keystrokes is maintained within Datashed.

·   Tim Kelemen is the sole person with access to the Master DATASHED™ database, which consequently is held remotely in Brisbane and backed-up to the cloud nightly.

·   The Competent Person (CP) for the MRE, Mr. Anton Geldenhuys, visited the Sanankoro Project in October 2021.  The visit included inspection of geology offices, RC Chip Library, DD Core Shed and Library, geotech rock lab and viewing sample/pulp stores, central bag farm, sampling sheds, drill sites, artisanal workings and local surface geology.

·   DD coring was on-going at Zone A and Zone B at the time of visit and the CP observed geological/geotechnical logging and density determinations. A number of RC chip trays and diamond core holes were reviewed which form part of this MRE.

·   The diorite intrusive at Selin plays a significant role in controlling the distribution and tenor of the mineralisation and consequently has been modelled as solid units within the enveloping gold mineralisation wireframe. The diorite intrusion precedes the gold mineralisation event and dips 70-85^o to the west

·   The main host protolith at Zone A, Zone B, Zone C, Target 3 and surrounding the diorite at Selin are predominantly pelitic sediments and graphitic shears which similarly dip at moderate to high angles to the east

·   Overprinting the strong linear N-S lithological architecture is a flat weathering stratigraphy which is characterised from surface with an iron indurated cap of laterite +/- duricrust down to 12-17 m, with an underlying mottled zone of soft plastic clay and highly kaolinized laterite for a further 6-12 m. Below the mottled zone is the saprolite, a highly weathered discernible rock which is present, but down to highly variable depths, across the deposits, reaching depths of >170 m at Zone B. The saprolite can be observed to freshen into transition material relatively rapidly but extends to depths normally between
170 m and 200 m at Zone A and Zone B, in the highlands, before becoming true fresh rock.

·   At Selin, the weathering profile is suppressed, probably by the massive siliceous nature of the diorite, with the transition material occurring from 60 m in certain highly siliceous, veined mineralisation locations. The transition diorite mineralisation tends to maintain good CN recoveries.

·   Zone A and Zone B exhibit a very pronounced deep trough weathering profile whereas Zone C, Target 3 and Selin seem to host less pronounced weathering probably because of host rock types and topographically low relief positions.

·   Mineralisation was modelled using a 0.2 g/t Au threshold value for all areas. The threshold is deemed to be an indicator of mineralised material.

·   Higher grade zones were investigated, but these proved to not be sufficiently continuous for modelling and estimation purposes.

·   The mineralisation model was guided by local dip and strike trends.

·   The Selin mineralisation model is 2.8 km in length along strike, a maximum of 270 m in depth, and is anything from a few to 50 m wide. Selin has a maximum base of oxidation of 80m and is reported to a maximum depth of 180 m below surface.

·   The Zone A mineralisation model is 1.2 km in length along strike, a maximum of 245 m in depth, and is anything from a few to 50 m wide Zone A has a maximum base of oxidation of 140m and is reported to a maximum depth of 140 m below surface. 

·   The Zone B mineralisation model is 1.7 km in length along strike, a maximum of 215 m in depth, and is anything from a few to 50 m wide. Zone B has a maximum base of oxidation of 207m and is reported to a maximum depth of 150 m below surface.   

·   The Zone C mineralisation model is 750 m in length along strike, a maximum of 160 m in depth, and is anything from a few to 50 m wide. Zone C has a maximum base of oxidation of 60m and is reported to a maximum depth of 110 m below surface. 

·   The Zone B North mineralisation model is 1 km in length along strike, a maximum of 130 m in depth, and is anything from a few to 50 m wide. Zone B North has a maximum base of oxidation of 80m and is reported to a maximum depth of 120 m below surface.

·   Samples were composited to 2 m for all MRE processes.

·   Experimental semi-variograms were calculated for Au from composites in Zones A and B combined, and Selin. Zones B North and C were deemed to contain too few data for variography.

·   The modelled semi-variogram for Zone A + B combined was applied to Zones A, B, B North and C for grade estimation. The modelled semi-variogram for Selin was only used to estimate grade at Selin.

·   Estimation was carried out within the modelled 0.2 g/t Au mineralised volumes using ordinary kriging on 2 m composites for Au. The entire volume was estimated such that estimates were extrapolated no more than 100 m away from data. This was often downdip, however reporting pit shells ensure that deep extrapolated grades were not included in the Mineral Resource.

·   Mineralisation boundaries were treated as hard contacts for estimation.

·   Ordinary kriging was optimised based on the kriging neighbourhood which ensured minimal negative kriging weights and representative local estimates.

·   Seequent Leapfrog Geo was used to model the mineralisation and Datamine RM was used to estimate grade and tabulate the Mineral Resource tonnages, grade and content.

·   An Inverse distance weighting estimate was carried out as a check of the ordinary kriged estimates. These correlate well and the ordinary kriged estimate is deemed to be an acceptable representation of the insitu Au grade.

·   No by-products or deleterious elements were considered in the MRE.

·   The parent cell size is 5x20x20 m (XYZ). Collars were drilled at
50x50 m or 50x25 m spacing. The block is deemed to be appropriate relative to the data configuration.

·   Search distance was roughly aligned to the variogram range (44 m) for all zones.

·   SMUs were not considered in the estimation.

·   Composite Au grades were capped for estimation according to area, based on statistics and outliers. Selin composites were capped to
34 g/t Au, Zone A composites were capped to 20 g/t Au, Zone B composites were capped to 21 g/t Au, Zone B North composites were capped to 8.5 g/t Au and Zone C composites were capped to 6 g/t Au.

·   Au grade estimates were validated by means of global statistics, swath plots and visual sectional checks of grade in the model vs grade of the composites.

·   The tonnages in the estimate are for dry tonnage with no factoring for moisture.

·   The Mineral Resource is reported at a cut-off grade of 0.4 g/t Au, which is what was previously used to report the 2019 Mineral Resource.

·   The cut-off grade is in line with other similar reported styles of gold mineralisation.

·   The Mineral Resource is deemed to be amenable to open pit extraction.

·   Reasonable prospects for eventual economic extraction was determined using conceptual mining parameters and a long-term gold price of US$1800/oz.

·   The parameters and long-term gold price were used in Whittle to determine a LOM pit shell for reporting the Mineral Resource.

·   Metallurgical test work conducted upon Selin, Zones A & B gold ore composites - ALS Perth Report No. A21106, March 2021

·   Results indicated +95% recoveries from grinding P80 passing 75-micron, gravity and direct CIL.

·   As significant programme of metallurgical variability test work is on-going at ALS Perth and will be incorporated into the forthcoming DFS study.

·  Metallurgical Test work conducted upon Selin, Zones A & B Gold Ore Composites - ALS Perth Report No. A21106, March 2021

·  The Acid Mine Drainage prediction analysis for all four composite samples indicated that none would be net acid-producers.

·  As significant programme of AMS test work is on-going at ALS Perth and will be incorporated into the forthcoming DFS study.

·  A full DFS-level ESIA study commenced in June 2020 by Digby Wells and will be incorporated into the forthcoming DFS study.

·   Dry bulk density determinations were made using the water displacement method 6 as outlined in AusIMM Monograph 30 - Measurement of Bulk Density for Resource Estimation (Lipton & Horton)

·   Dried for 24 hours at 110^oC, waxed and weighed using LTB 6002e 0.1 g electronic balance.

·   A total of 1,068 dry bulk density determinations were made on full PQ and HQ core samples.

·   Bulk density was analysed according to weathering domain by removing outlier values and determining mean values from representative data.

·   Mean values were applied to the weathering domains as follows: duricrust cap 2.23 t/m³; mottled zone 1.95 t/m³; oxide 1.86 t/m³; transition 2.58 t/m³ and fresh 2.74 t/m³.

·   The Mineral Resource was classified into Indicated and Inferred categories as defined by The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ('the JORC Code').

·   Mineral Resource classification considered the quality and quantity of available data, geological continuity, grade continuity and confidence in the grade estimates.

·   Indicated Mineral Resources were classified from data that was deemed acceptable for Mineral Resource estimation and reporting, and where data were sufficient to model mineralisation and estimate grade with a reasonable level of confidence for Indicated Mineral Resources. Data was generally spaced at 35x35 m in Zones A, B, B North and C, and at 40x40 at Selin. The mineralisation at Selin is deemed to be more continuous, hence the wider spacing allowed for Indicated. Indicated Mineral Resources have slope of regression values ≥0.75, demonstrating an acceptable level of confidence in the estimate.

·   Inferred Mineral Resources were classified beyond the 35x35 m (Zones A, B, B North and C) and 40x40 m (Selin) data spacing.

·   Mineral Resources were constrained by the reasonable prospects for eventual economic extraction pits, below which any mineralisation was not classified and therefore not reported.

·   No Mineral Resource audit or review by the CP Mineral Resources, however a site visit was carried out to review the data acquisition and processing practices.

·   The level of accuracy in the Mineral Resource is represented by the classification categories assigned to block model.

·   Indicated Mineral Resources can be considered as reasonable local estimates.

·   Inferred Mineral Resources are deemed to be global in nature.

·   No commercial production has taken place and therefore no production data is available for Mineral Resource reconciliation.