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ZIM: First Nightshift Gold Resource for Mining

RNS Number : 0011E

Kavango Resources PLC

20 October 2025

PRESS RELEASE

20 October 2025

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

ZIM: First Nightshift Gold Resource for Mining

Kavango Resources plc (LSE:KAV), the Southern Africa focused metals exploration and gold production company, is pleased to announce confirmation of an open-pit gold deposit at the Nightshift Prospect ("Nightshift") on the Hillside Gold Project ("Hillside"), Zimbabwe.

Highlights

· Kavango considers Nightshift to be a gold deposit, with significant upside potential, that is expected to deliver high ore tonnes per vertical metre and high ounces per vertical metre. These factors combined support Kavango's strategy to exploit its gold resources to their full potential and increase gold production via modern mechanised mining and processing methods

· A preliminary JORC-compliant Mineral Resource Estimation (the "JORC MRE") has exceeded Kavango's expectations, and the Company is now considering construction of an upgraded 300 tonne-per-day ("tpd") gold processing plant at Bills Luck Gold Mine, at the Hillside Project, up from the originally planned 200tpd capacity.

o Nightshift is located 800 metres ("m") to the West of the Bill's Luck Gold Mine, where Kavango is building its first gold processing plant. The new resource underpins the Company's planned near-term gold production at Hillside.

· Due to Nightshift's large footprint, the first resource definition drill programme targeted an area that the Kavango team believed was the most representative portion of the prospect. The objective was to identify a near-surface gold deposit that could be brought into production immediately.

o The JORC MRE reports a total resource of 20,000 ounces of gold ("oz/Au") at 0.86 grams per tonne ("g/t"), with 11,000 oz/Au in the Indicated category and 9,000oz/Au at 0.98g/t in the Inferred category.

· Nightshift is a gold deposit that Kavango believes can support open-pit mining in the short term, and potentially underground mining in the future. Nightshift covers at least 700m of strike length and is roughly 200m wide.

o The system is open at depth and the majority of the strike extent remains untested by drilling.

o Kavango's technical team identified the potential for open-pit gold mining at Nightshift in 2024, following mapping and exploration drilling.

o The first three exploration holes all intersected gold hosting structures >200m vertically below surface.

· In Q1 2025, Kavango completed preliminary resource drilling at Nightshift to test a 100m x 125m grid.

o Preliminary resource drilling tested approximately 15% of the known strike length at Nightshift.

o The objective was to identify sufficient ore to sustain a minimum three-year mine life in the first phase of production.

o The JORC MRE indicates that Nightshift contains sufficient mineralisation to support the Company's initial production plans.

· Kavango's technical team is now:

o Analysing the JORC MRE with a view to commencing shallow selective open-pit mining in H1 2026, with close spaced grade control drilling undertaken prior to mining.

o Planning further extensive exploration drilling along strike and at depth to test the underground potential at Nightshift.

o Completing a resource definition drill programme at Bill's Luck, with an initial JORC MRE anticipated before year-end to guide and de-risk the Company's 2026 mining plan.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"This maiden JORC resource at Nightshift is a defining moment for Kavango. It proves that our gold development strategy in Zimbabwe is working and that our decision to focus on near surface, fast-track production targets is delivering results.

"When we first started exploration at our Hillside Gold Project in summer 2023, our goal was to identify gold deposits that we could bring into production rapidly using modern mining and processing methods. This maiden resource is only the first step in what we believe will become a much larger resource base as exploration continues.

"In just over two years, we have advanced from initial discovery to defining a compliant open-pit resource capable of supporting near-term gold production. This is a tremendous achievement that highlights the potential that Zimbabwe's gold fields offer Kavango.

"This is a fantastic accomplishment by our team, who deserve all the praise for the hard work they have put into making this happen.

"Our initial drilling covered only about 15% of the known 700-metre strike, and just 50m vertical depth, because we were focused on defining a starter resource to underpin early cash flow and prove the concept. The fact that the results have exceeded expectations at this stage gives us strong confidence in the greater potential of Nightshift.

"Given we encountered gold bearing structures >200m vertical below surface during exploration, we are particularly excited for the underground mining possibilities here.

"As a result, we are now assessing an increase in our production capacity at Hillside from 200 to 300 tonnes per day to reflect the greater resource potential we have already demonstrated.

"In addition, our exploration team will extend trenching at Nightshift to test expansion of the known strike from 700m to up to 1,400m. At the same time, we are preparing a diamond drill programme to test the underground potential, where structural work completed by our team and external consultants seems to indicate continuity of the gold-bearing structures at depth, with gold grades increasing.

"These next steps at Nightshift form part of our wider Hillside development strategy. With resource drilling ongoing at Bill's Luck, we hope to release a second JORC resource at Hillside a little later this year and provide further updates on the progress of construction of our gold processing plants.

"With gold prices strong and momentum building across our portfolio, this marks an exciting next step for Kavango. We have demonstrated that our strategy is working, and our focus now is on unlocking the full potential of our gold development projects."

Kavango's Mining Strategy at Hillside

Kavango is executing a strategy of increasing gold production in Zimbabwe by building modern Carbon in Leach ("CIL") plants, which have much higher throughput rates and significantly higher gold recoveries than traditional stamp and roller milling using static VAT leaching methodologies which are widely used in Zimbabwe, and currently at Hillside.

Kavango intends to build its first CIL plants at the Bill's Luck Gold Mine, where the Company is currently mining underground and has established surface infrastructure. Bill's Luck is 800m from Nightshift.

Kavango is close to commissioning its first modern CIL plant at Bill's Luck that will have a nameplate 50tpd throughput capacity. The Company intends to feed the 50tpd plant with a combination of ore mined by Kavango from the Bill's Luck underground operation, and the Hillside contractor-mined sands.

Following publication of the preliminary JORC MRE at Nightshift, Kavango is currently evaluating the construction of an additional CIL plant at Bill's Luck with nameplate 250tpd throughput capacity with the intention of commissioning this plant by the end of H1 2026, which would take the total processing capacity at Hillside up to 300tpd.

Kavango expects the Nightshift gold deposit will make a significant contribution to gold production, given the indicated strike length (interpreted to be >750m), width (interpreted to be >200m), containing multiple shear zones hosting gold bearing quartz and sulphide veins (12 interpreted shear structures), and its shallow depth of depletion from contract artisanal miners (circa 15-20m). Kavango believes the Nightshift Prospect to be a significant mineralised deposit that is expected to deliver high ore tonnes per vertical metre and high ounces per vertical metre.

Preliminary Resource Modelling at Nightshift

Due to Nightshift's large footprint and the significant time and cost it would take to drill the whole area out completely, the first resource definition drill programme targeted an area that the Kavango team believed was the most representative portion of the prospect (in terms of shear development and contained mineralised structures). This was based on the proximity, geometry and extent of the artisanal workings and from surface mapping and structural work completed on drill cores. The first resource definition drilling programme utilised a 25m x 25m grid pattern with holes inclined at -60 degrees and drilled to a 50m vertical depth. The footprint covered a strike length of approximately 125m and width of circa 200m, representing less than 15% of the whole prospect's footprint.

Kavango's original objective was to construct a resource model immediately once all assays had been returned from the resource definition drill programme. However, the logging and sampling revealed a complex gold mineralised system that required more data, prior to being able to construct a high confidence resource model. Depletion from artisanal workings added an additional level of complexity to calculating a resource.

To support resource modelling, Kavango completed a series of shallow trenches approximately perpendicular to the strike of the mineralised structures at Nightshift, and between the rows of completed resource definition holes. The trenches were designed to assess the lithological and structural environment, define the depletion more accurately, and allow the resource geologist to model the continuity of the mineralised structures between the drill hole intercepts more confidently.

The trenches were subsequently extended beyond the initial resource definition drilling pattern and allowed the resource geologist to extend several of the structures along strike and close to the surface in their resource estimation. Following the success of the first trenches, Kavango is now preparing to extend the trenching programme at Nightshift.

Exploration Plan at Nightshift

At Nightshift, gold-bearing quartz veins have been confirmed to occur within well-developed shear zones. Preliminary structural interpretations highlight the importance of understanding the broader kinematic framework of these shear zones, as it provides critical insights into the controls on mineralisation. This knowledge is expected to inform the anticipated geometry of mineralised domains, guide more effective exploration strategies, and assist with vein recognition in drill core. Furthermore, if stretching lineation influenced fluid flow during mineralisation, the associated shear zone kinematics may offer valuable predictive guidance on the plunge orientation of potential orebodies.

The original drilling concept for Nightshift was designed to delineate a mineral resource over a small part (roughly 15%) of the mapped mineralisation to form the basis for a starter open pit mine and to obtain sufficient sample to conduct metallurgical test work, on the basis it has the highest potential to commence commercial production in the shortest amount of time, and with the lowest capital entry.

Subsequent interpretation and the preliminary JORC MRE have provided further information on the extent, orientation and possible kinematics at Nightshift, which will be used to guide additional drilling, including deeper drilling, and to build on this preliminary JORC MRE at Nightshift.

Highlights from the JORC MRE

1 Geological Data

The mineral resource estimate is based on the following data:

· Exploration diamond drill boreholes (1,012m)

· 33 resource definition diamond drill boreholes (2,111m)

· 18 trenches (2,413m)

· Surface mapping of outcrops, combined with trench logging.

· Sectional interpretation of borehole intersections using lithological, structural and sampling data.

2 database Integrity

The drilling and trenching geological, geotechnical, structural and sampling information are stored in a well-structured MS Excel based database system, where all documentation is readily available for validation and review. This database is in the process of being captured into a geological database management system.

Geological logging, sampling and assay data in the database was physically checked against the drill core, sampling logs and laboratory assay certificates. Every sample assay result was physically checked against the laboratory assay certificate.

The small number of errors found were corrected and database integrity was found to be good.

3 Assay Quality Control

A comprehensive assay quality control programme is in place, which complies with industry best practice. The results of the QA/QC programme were assessed with the following conclusions

· No sample contamination is taking place based on the results of blank material inserted in the sample batches.

· The accuracy of the results is acceptable, based on the results of the certified reference material inserted in the sample batches.

· Precision of the results is lower than would be expected. This is ascribed to the low grade and nuggety nature of the gold mineralisation, and recommendations are made to improve this.

4 Geological Interpretation

Analysis of the results from regional traverse mapping, exploration-scale structural mapping and detailed core-logging showed that the gold mineralisation at the Nightshift and surrounding prospects associates with shear zones that have acted as fluid conduits and controlled the alteration, vein density and gold mineralisation.

The shear zones mapped on surface and intersected in boreholes were modelled in three dimensions, using geological and structural measurements to guide the correlation. The trace of artisanal surface workings was also used to correlate the shear zones and mineralisation.

5 Deposit Dimensions

Borehole and trench positions are surveyed by differential GPS by a qualified surveyor. A high-resolution drone survey provides topographical control.

The deposit comprises an anastomosing set of shear zones striking WNW-ESE and dipping at 70-80 degrees to the NNE. Individual shear zones appear to be continuous over strike lengths of 100m or more.

The resource estimate area has a total strike of 400m, with up to 12 shear zones with widths varying from 2m up 15m in cases. The estimated resource extends to a depth of 50m over the resource drilling grid, with some deeper 100m intersections obtained in the scoping drilling.

6 Estimation and Modelling Techniques

Resource modelling work was completed using Surpac Vision version 6.1.3 software.

A block model with parent block sizes of 12.5m x 5m x 4m (y: strike, z: height, x: width) was created, and sub-blocked to 0.5m x 1.6m x 0.6m to represent the volume as accurately as possible.

Block grade estimation was completed using multiple indicator kriging (MIK), a non-linear geostatistical method for estimating resources in deposits with highly skewed and mixed-grade distributions, often used in gold deposits.

Estimation composites were selected from within the individual shear zone domains, with 34 individual domains estimated.

Block estimates were validated visually on plan and section by comparing them to the informing sample data, as well as statistically by comparing the averages of the informing composites to the block estimates.

No prior production data or previous estimates are available for comparison.

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Figure 1: Nightshift Gold Block Grade Estimates - Plan View (100m grid)

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Figure 2: Nightshift Gold Block Grade Estimates - Perspective View Looking WNW

7 Mining and Metallurgical Assumptions

Mining is assumed to be undertaken initially by open cast mining of small selective shallow open pits at the Nightshift deposit.

Due to its expected lower grade relative to other Hillside ore sources, Nightshift ore is envisaged to not be the primary or priority ore source, rather it will constitute a 'top up' or 'base load' feedstock for a 200 to 300tpd plant located at Hillside

Resources are reported at a marginal processing cutoff grade of 0.5g/t, which is calculated using a gold price of $3,000 per oz and a processing cost of $35 per tonne, which includes G&A overheads ($10/tonne).

The marginal processing cutoff grade represents all potential material contained within the resource for which gold may be extracted over the life of the project, i.e. including that which has been stockpiled during mining, and is processed at the end of the mine life when no mining costs are being incurred.

Considering mining costs (expected to be $26/ore tonne) and sustaining capital ($5/tonne), the cut-off grade during normal steady state operations at $3000/oz gold price is 0.84 g/t.

8 Artisanal Mining

Significant shallow artisanal mining has taken place at the Nightshift prospect. The artisanal excavations were mapped on surface and the depths were measured where possible. 3D models of the likely dimensions of the mined-out areas were then created and this material was removed from the resource model. Artisanal mining is currently ongoing.

9 Bulk Density Determination

Dry bulk density was determined using the Archimedes Method on a large number of samples throughout the deposit.

10 Resource Classification

The resource was classified into confidence classifications based on the following criteria:

Measured Resource: Based on the geostatistical analysis carried out, a sampling grid of less than the variogram ranges of about 15m would be required to classify measured resource. No measured resource is declared.

Indicated Resource: Blocks within 25m from a datapoint, being within the resource drilling and trenching grid were classified as indicated resource.

Inferred Resource: Blocks between 25m and 50m from a datapoint, as well as areas extrapolated along strike or down dip were classified as inferred resource.

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Figure 3: Resource Classification

11 Nightshift Mineral resource Estimate

The effective date of the Nightshift Resource is 30 September 2025

Resource Class	Tonnes	Au g/t	Contained Oz	Bulk Density
INDICATED	421,000	0.78	11,000	2.75
INFERRED	273,000	0.98	9,000	2.76

Grand Total	694,000	0.86	20,000	2.75

Notes:

1. Resources are reported in accordance with the JORC Code (2012).

2. Resources are reported at a cutoff grade of 0.5g/t, based on reasonable prospects for eventual economic extraction at a gold price of $3,000/oz.

3. Rounding as required by reporting guidelines may result in apparent summation differences between tonnes, grade and contained metal content.

12 Conclusion and recommendations

Drilling, trenching and sampling have demonstrated that a gold resource exists at the Nightshift prospect.

Potential exists to extend the resource along strike and downdip through further exploration.

The sampling method, sample preparation and assaying methodology employed should be reviewed and adapted to provide more precise assay results.

Nightshift Prospect Geology:

Thin overburden (<1m) comprising mixed soil and regolith are immediately underlain by diorite and granodiorite in the northern portion of the prospect while metasediments and metavolcanics with Banded Iron Formation (BIF) occupy the southern portion (Figure 4) where cover thickness increases (<2m) due to the friable nature of the metavolcanics.

Drilling has confirmed the presence of shear zones hosting quartz veins below the artisanal miner's surface workings, within the diorite, granodiorite, metasediments and metavolcanics. The mapped and interpreted shear zones display a WNW-ESE trend, dipping generally towards the NNE. The artisanal workings on surface appear to correlate well with the mineralised zones observed in the logged drill cores, (Figure 5).

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Figure 4: Nightshift, artisanal surface workings associated with interpreted structural features.

Figure 5: Close up photograph of cut core from borehole NSDDIR023 showing sections of core between 56.90m and 58.11m (above) and NSDDIR024, 46.00m-52.37m (below). Quartz veins, sub-parallel to fabric and cross-cutting fabric, thought to represent different structural events host pyrite and mixed sulphide mineralisation in granodiorite.

Nightshift Prospect Drilling:

The initial three exploration holes drilled at Nightshift all returned encouraging gold grades which are understood from the artisanal workers to represent free milling coarse gold within quartz veins together with an element of untested finer gold in sulphide stringers. Artisanal miners report higher recovered grades from individual shears within the broader Nightshift Prospect.

Table 1: Selected intersections from completed holes, NSDD001, NSDD002 & NSDD003

Hole no.	m From	m To	m Interval	Gold g/t
NSDD001	14.00	15.00	1.00	1.13
NSDD001	62.00	64.00	2.00	0.78
NSDD001	90.00	90.98	0.98	0.70
NSDD001	97.00	102.00	5.00	1.68
incl	97.00	99.00	2.00	2.29
NSDD001	106.00	110.00	4.00	0.69
NSDD001	115.51	116.00	0.49	2.49
NSDD001	138.00	140.00	2.00	1.24
NSDD001	143.00	144.00	1.00	0.66
NSDD001	148.00	159.90	11.90	0.92
incl	148.00	148.97	0.97	2.14
and	156.00	157.00	1.00	3.10
NSDD001	181.00	181.99	0.99	0.63
NSDD001	195.00	198.00	3.00	1.03
NSDD001	203.00	207.00	4.00	0.63
NSDD002	0.00	3.00	3.00	0.66
NSDD002	6.00	8.00	2.00	1.21
NSDD002	13.00	14.00	1.00	1.77
NSDD002	21.00	27.00	6.00	0.51
NSDD002	66.69	74.89	8.20	3.08
including	68.39	68.74	0.35	13.82
NSDD002	105.00	111.10	6.10	0.85
NSDD002	152.48	153.19	0.71	1.52
NSDD002	196.46	197.00	0.54	0.82
NSDD002	225.87	226.87	1.00	0.63
NSDD003	6.50	8.00	1.50	0.78
NSDD003	13.00	15.00	2.00	0.75
NSDD003	23.80	24.50	0.70	0.79
NSDD003	28.00	29.00	1.00	2.08
NSDD003	31.40	32.40	1.00	0.68
NSDD003	37.00	37.40	0.40	0.79
NSDD003	62.50	65.26	2.76	0.69
NSDD003	104.40	109.40	5.00	1.80
including	104.40	104.80	0.40	5.79
NSDD003	123.50	125.00	1.50	0.80
NSDD003	152.00	153.00	1.00	0.58
NSDD003	163.00	165.00	2.00	0.87
NSDD003	193.00	195.00	2.00	1.09
NSDD003	198.44	199.00	0.56	0.75

The initial high priority target area for preliminary resource drilling averaged 200m across strike and 100m along strike, in the vicinity of hole NSDD0002 where Artisanal miners were producing gold from 12 surface workings with at least two different vein orientations, from oxidised meta-sediments above a granodiorite intrusive next to NSDD0002. This hole also intersected an additional nine grading structures under deeper cover that have not been worked.

Kavango successfully completed 34 diamond drill holes for a total of 2,109.16m. The holes were drilled on 25m x 25m grid centred over the initial scoping hole NSDD002. The inclined holes (-60°) were drilled to an average depth of 60m and the surveyed collar locations and drill hole data are tabulated in Table 2, below.

Table 2: Drillhole collar data for holes at Nightshift Prospect

No.	Hole ID	Easting	Northing	Rl	Azimuth	Dip	EOH depth (m)	comments
1	NSDDIR001	727694	7734017	1042	208	-60	62.64
2	NSDDIR002	727682	7733995	1042	208	-60	61.32
3	NSDDIR003	727670	7733975	1043	208	-60	62.68
4	NSDDIR004	727658	7733952	1044	208	-60	61.34
5	NSDDIR005	727646	7733926	1045	208	-60	102.00
6	NSDDIR006	727629	7733899	1050				Not drilled
7	NSDDIR007	727626	7733895	1047	208	-60	101.82
8	NSDDIR008	727670	7734029	1041	208	-60	62.93
9	NSDDIR009	727657	7734006	1041	208	-60	59.98
10	NSDDIR010	727644	7733985	1042	208	-60	59.93
11	NSDDIR011	727631	7733963	1043	208	-60	61.44
12	NSDDIR012	727618	7733940	1044	208	-60	101.84
13	NSDDIR013	727605	7733919	1045	208	-60	27.27	abandoned
14	NSDDIR014	727592	7733897	1045	208	-60	60.00
15	NSDDIR015	727705	7733983	1043	208	-60	60.08
16	NSDDIR016	727693	7733959	1044	208	-60	60.32
17	NSDDIR017	727683	7733941	1045	208	-60	60.75
18	NSDDIR018	727669	7733915	1046	208	-60	60.38
19	NSDDIR019	727656	7733889	1048	208	-60	60.05
20	NSDDIR020	727647	7733872	1049	208	-60	60.68
21	NSDDIR021	727737	7733991	1043	208	-60	60.18
22	NSDDIR022	727725	7733966	1044	208	-60	60.15
23	NSDDIR023	727716	7733946	1045	208	-60	60.85
24	NSDDIR024	727706	7733925	1046	208	-60	60.79
25	NSDDIR025	727695	7733900	1047	208	-60	60.45
26	NSDDIR026	727685	7733880	1049	208	-60	62.00
27	NSDDIR027	727674	7733857	1050	208	-60	60.00
28	NSDDIR028	727761	7733979	1044	208	-60	60.88
29	NSDDIR029	727748	7733954	1045	208	-60	65.88
30	NSDDIR030	727737	7733933	1046	208	-60	62.92
31	NSDDIR031	727726	7733914	1047	208	-60	61.36
32	NSDDIR032	727712	7733894	1048	208	-60	62.00
33	NSDDIR033	727704	7733873	1049	208	-60	61.40
34	NSDDIR034	727691	7733847	1052	208	-60	62.85
Total meters							2109.16

~Drill collars were surveyed by DGPS

Notes:

1. Drill hole NSDDIR006 was not drilled due to the proximity of artisanal surface workings. Drill hole NSDDIR005 was extended to compensate.

2. NSDDIR013 was stopped due to intersecting voids and broken ground, thought to be back filled artisanal workings, and NSDDIR012 was extended to compensate. All the other holes were successfully drilled and completed.

Next Steps

The preliminary JORC MRE announced here provides the stepping stone to build a larger resource at Nightshift across the whole Prospect, Figure 6, and assess the extent of mineralisation along and across strike and at depth.

Figure 6: Nightshift Prospect, mapping and extents of preliminary JORC MRE model

Kavango's Operations in Zimbabwe

Kavango is exploring for gold deposits in Zimbabwe that have the potential to be developed into commercial scale production quickly through modern mechanised mining and processing. The Company is targeting both open-pit and underground opportunities.

Kavango has two projects on the Filabusi greenstone belt, Hillside and Nara.

Kavango owns 100% of the Hillside Gold Project, having exercised its option in April 2024. Here, the Company has three high priority targets it aims to bring into production over the next 18 months: Bill's Luck, Steenbok and Nightshift. At Nightshift, Kavango is investigating the potential for a selective open-pit mining operation, followed by underground mechanised mining. Meanwhile, at Steenbok, Kavango is pursuing a high-grade mechanised underground mining opportunity. Kavango is currently analysing the latest drill data from Bill's Luck and will provide an update shortly.

In addition, Kavango owns 100% of the Nara Gold Project, having exercised its option in June 2025. Here, the Company is exploring for a large-scale, mechanisable underground gold deposit. The primary target zone is around the historic N1 mine, where the Company is assessing the potential to expand artisanal workings both at depth and along strike.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on X at @KavangoRes.

For further information, please contact:

Kavango Resources plc

Ben Turney

+46 7697 406 06

Shard Capital (Broker)

Damon Heath

+44 (0) 207 186 9952

BlytheRay (Financial PR)

Tim Blythe/Megan Ray/Said Izagaren

[email protected]

Tel: +44 207 138 3204

Kavango Competent Person Statement

Steve Savage

The maiden resource for Nightshift was prepared by Mr Stephen John Savage from S. J. Savage Consulting CC. Mr Savage is a geologist with a BSc (Hons) and M(Eng) from the University of the Witwatersrand. He is a member of the Geological Society of South Africa (60508) and is registered with the South African Council for Natural Scientific Professions (400205/04), a Recognised Professional Organisation (RPO) under the JORC code, and therefore meets the requirements as a recognised Competent Person (CP). Stephen has 30 years' experience as a geologist, of which 20 years is experience in mineral resource estimation on a variety of projects in Southern Africa including gold as well as other precious, base and industrial minerals.

Craig Hatch

The technical information contained in this announcement pertaining to mining and processing has been compiled by Mr Craig Hatch, a Competent Person and a member of a Recognised Professional Organisations (ROPO). Craig Hatch has sufficient experience that is relevant to the style of mining and type of deposit under consideration and to the activities being proposed 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 (JORC 2012). Craig is the Principal Mining Engineer of Minorex Pty Ltd and a consultant to Kavango Resources and is a member of the Australasian Institute of Mining and Metallurgy (AusIMM), a recognised professional organisation.

Dave Catterall

The technical information contained in this announcement pertaining to geology and exploration have been compiled by Mr David Catterall, a Competent Person and a member of a Recognised Professional Organisations (ROPO). David Catterall has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being 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 (JORC 2012). David is the principal geologist at Tulia Blueclay Limited and a consultant to Kavango Resources. David Catterall is a member of the South African Council for Natural Scientific Professions, a recognised professional organisation.

Appendix 1 JORC Code. 2012 Edition - Table 1 report

30^th September 2025

Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.)
Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (e.g. cut channels. random chips. or specific specialised industry standard measurement tools appropriate to the minerals under investigation. such as down hole gamma sondes. or handheld XRF instruments. etc). These examples should not be taken as limiting the broad meaning of sampling.	· The information in this release relates to the technical details from the Company's exploration and drilling programme at Hillside Project which lies within the Filabusi Greenstone Belt, Matabeleland, Zimbabwe. · Surface Diamond drilling (HQ & NQ) was carried out, and half core samples were taken from the entire hole. · Trenching was carried out with continuous sampling along the entire sidewall of the trench. · Core was cut into two using a commercial core saw adjacent to the Ori line to produce two splits as mirror images with regards to igneous textures, sedimentary bedding where possible structural fabric. · For core and trenches, samples were taken based on geological contacts, and/or of up to approximately 1m in length. The minimum sample width is 30cm to cater for distinct quartz veins which may be diluted and obscured if 1m widths were to be maintained. · Core samples were submitted for a 25g fire assay with AAS finish. to Performance Laboratories (Pvt) Ltd., at Harare, Zimbabwe. · All samples >5g/t are repeated using a gravimetric finish. · Selected samples from were sent to a check lab, ALS laboratories, Johannesburg, for referee fire assay comparison. · Kavango routinely takes pXRF readings along the core using an Olympus Vanta on Geochem 3 beam mode for 60 seconds.
	Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used	· All Kavango's drill and trench samples were geologically logged by suitably qualified geologists on site. · Sample representativity was ensured where possible by drilling perpendicular to structures of interest, and by the sample preparation technique in the laboratory. · The entire borehole or trench was sampled based on geological logging, with the ideal sampling interval being representative of lithology for diamond core. · Individual samples are weighed at the field camp. · Upon arrival at Performance lab, the samples are dried at +/- 105 degrees Celsius for 8 to 12 hours. · The entire sample is crushed to 100% passing 4.75mm. The crushers have inline rotary splitters that split off 500g of sample that is pulverized. · The 500g split is pulverized in a Rocklabs pot and puck pulveriser with 85% passing minus 75μm. · A standard 25g aliquot is used for Fire Assay. · Following industry best practice. a series of certified reference materials (CRM's), duplicates and blanks were included for QAQC as outlined further below.
	Aspects of the determination of mineralisation that are Material to the Public Report.
	In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised 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. submarine 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 tails. face-sampling bit or other type. whether core is oriented and if so. by what method. etc).	· The surface diamond drill holes were drilled using a diamond drill operated by Equity Drilling Limited. · Equity uses HQ and NQ diameter conventional core barrels.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed.	· Core recovery was monitored closely throughout from all diamond and RC drilling programmes. · Recovery in rock was >95%. · Any voids were noted.
	Measures taken to maximise sample recovery and ensure representative nature of the samples.	· Samples prepared for assay are taken consistently from the same side of the core cutting line to avoid bias. · Geologists frequently check the core cutting procedures to ensure the core cutter splits the core correctly in half. · Core samples for assay are selected within logged geological, structural, mineralisation and alteration constraints. · Diamond drill core samples are collected from distinct geological domains with sufficient width to avoid overbias.
	Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	· For both Diamond and RC drilling the sample recoveries was generally very good and as such it is not expected that any such bias exists. · Trench channel sampling was done at a consistent channel width and depth or the sample interval.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation. mining studies and metallurgical studies.	· Kavango's Diamond drill core and RC drill chips are logged by a team of qualified geologists using predefined lithological, mineralogical, physical characteristic (colour, weathering etc) and logging codes. · Diamond drill core was marked up on site and Geotechnical logging was completed at the rig to ensure recoveries were adequately recorded. · Lithological, structural, alteration and mineralisation are logged at camp. · The core is securely stored at the base camp. · The geologists on site follow industry best practice and standard operating procedure for logging and handling all diamond drill core and RC drill chips. · The core is photographed wet and dry. · pXRF and magnetic susceptibility data are routinely captured from Diamond drill core and RC drill chips, every 0.5m to 1m. · Density measurements for drill core were determined by Archimedes density measurements i.e. using a precision balance to weigh sample in air and in submerged in water. A representative piece of core was selected from each sample for density measurement. · The QA/QC compilation of all logging results are stored and backed up on a data cloud.
	Whether logging is qualitative or quantitative in nature. Core (or costean. channel. etc) photography.	· All logging is conducted in accordance with Kavango's SOP and standard published logging charts and classification for grain size, abundance, colour and lithologies to maintain a qualitative and semi-quantitative standard based on visual estimation. · Magnetic susceptibility readings are also taken every metre and/or half metre using a ZH Instruments SM-20/SM-30 reader. · All core drilled was photographed wet and dry according to industry best practice. · All RC drill chips have a portion retained in chip trays for follow=up work and to maintain a representative sample.
	The total length and percentage of the relevant intersections logged.	· 100% of all recovered intervals are geologically logged.
Sub-sampling techniques and sample preparation	If core. whether cut or sawn and whether quarter. half or all cores taken.	· Selected diamond core intervals are cut in half with a commercial core cutter. using a 2mm thick blade · One half is sampled for analysis while the other half is kept for reference. · Some of the retained half core is submitted for metallurgical test work. · For selected petrographic samples core is quartered.
	For all sample types. the nature. quality and appropriateness of the sample preparation techniques	· Field sample handling and preparation is suitable for all drilling methods utilised. · The laboratory sample preparation technique is considered appropriate and suitable for the core samples and as well as for the expected grades.
	Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.	· Kavango's standard field QAQC procedures for drilling samples include the field insertion of blanks, an appropriate selection of standards, field duplicates, replicates, and selection of requested laboratory pulp and coarse crush duplicates. · These are being inserted at a rate of 2.5- 5% each to ensure an appropriate rate of QAQC.
	Measures taken to ensure that the sampling is representative of the in-situ material collected. including for instance results for field duplicate/second-half sampling.	· Sampling is deemed appropriate for the type of survey and equipment used. · Quarter diamond core duplicates are occasionally submitted to help with understanding gold distribution and nugget effect. This could potentially bias the sample due to the nugget effect and vein hosted nature of the mineralisation and would reduce the sample volume. However, for resource calculations the quarter cores results are recombined to give an averaged result. · Trench samples are split by cone and quartering to produce field duplicates. The two results are averaged for resource estimation purposes. · Laboratory duplicates are produced from the crushed and milled core.
	Whether sample sizes are appropriate to the grain size of the material being sampled.	· On occasions gold from this project may be coarse, therefore, some nugget effect is expected. This is minimised by using the largest diameter of core possible with the available equipment, and by utilising halved rather than quartered core for assay.
Quality of assay data and laboratory tests	The nature. quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.	· A company audit was made of the assay laboratory in this case Performance Laboratories before it was engaged. · The digest and fire assay technique provide a total analysis method. · Between 5% and 20% of submitted samples consisted of additional blank, duplicate (lab duplicate from splitting the pulp), and standard samples. · Round robin and accreditation results for the laboratory were reviewed and considered acceptable. · The company's QAQC samples, including standards, are considered to confirm acceptable bias and precision with no contamination issues identified.
	For geophysical tools. spectrometers. handheld XRF instruments. etc. the parameters used in determining the analysis including instrument make and model. reading times. calibrations factors applied and their derivation. etc. Nature of quality control procedures adopted (e.g. standards. blanks. duplicates. external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	· Kavango use ZH Instruments SM20 and SM30 magnetic susceptibility meters for measuring magnetic susceptibilities and readings are randomly repeated to ensure reproducibility and consistency of the data. · An Olympus Vanta C-series pXRF instrument is used in 3-beam geochemical mode with reading times of 60 seconds in total. Measurements are taken on clean dry core. · For the pXRF results no user factor was applied as per Kavango's SOP. The units are calibrated daily with their respective calibration disks. · In the case of multiple pXRF the data will be collated and user factors calculated to ascertain their effectiveness. · All QAQC samples were reviewed for precision and accuracy. Results were deemed repeatable and representative: · For pXRF appropriate certified reference materials are inserted on a ratio of 1:25 samples. · Repeat readings are taken every 25 samples. and blank samples are inserted every 25 samples. · QAQC samples are reviewed for consistency. · pXRF CRM values show a slight positive bias. including for Cu. · At low levels (<10ppm) silver values in particular are scattered. · When laboratory assay results are received blank, standard, and duplicate values are reviewed to monitor lab performance. · Select low, moderate and high-grade assay samples are selected, re-labelled and re-submitted to Performance to assess repeatability. · Select low, moderate and high-grade assay samples will also be sent for check analysis at an internationally accredited laboratory.
		· Performance Lab insert their own CRM's, duplicates and blanks and follow their own SOP for quality control. · Performance Laboratories are locally accredited but not internationally accredited. · Kavango is aware of this and carries out exhaustive QAQC checks and works with Performance to ensure accuracy and repeatability. · A series of samples, including one entire hole from twinned pair have been sent to Performance in Zimbabwe and ALS Laboratories in South Africa, with acceptable results · Further external referee laboratory checks will be carried out as and when sufficient holes have been drilled to warrant.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel.	· All drill core intersections were verified by peer review. · The Company's internal CP reviewed sampling and has visited site and the laboratory to verify protocols. · Assay data was received as assay certificates and cross checked by an independent CP against sample submission data to ensure a correct match.
	The use of twinned holes.	· No twinned hole drilling has been carried out.
	Documentation of primary data. data entry procedures. data verification. data storage (physical and electronic) protocols.	· All data is electronically stored with peer review of data processing and modelling. · Data entry procedures standardized in SOP data checking and verification routine. · Data storage is on a cloud storage facility with access controls and automatic backups.
	Discuss any adjustment to assay data.	· No adjustments were made to assay data.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys). trenches. mine workings and other locations used in Mineral Resource estimation.	· Kavango's surface drill collar coordinates are captured by using handheld Garmin GPS and verified by a second handheld Garmin GPS. · Drill holes are routinely re-surveyed with differential DGPS at regular intervals to ensure sub-metre accuracy as and when sufficient holes warrant. · Downhole surveys of drill holes were done using an AXIS Champ Mag tool or the Champ Gyro (for DTH).
	Specification of the grid system used.	· The grid system used is UTM 35S Arc 1950. All reported coordinates are referenced to this grid.
	Quality and adequacy of topographic control.	· Topographic control is based on satellite survey data collected at 30m resolution. Quality is considered acceptable.
Data spacing and distribution	Data spacing for reporting of Exploration Results. Whether the data spacing. and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	· Data spacing and distribution of all survey types is deemed appropriate for the type of survey and equipment used. · The drilling programs are designed to target the multiple interpreted parallel auriferous veins at the Nightshift Prospect Claims.
Data spacing and distribution	Whether sample compositing has been applied.	· No composite samples have been done
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known. considering the deposit type.	· Hole orientation is designed to intersect the target structures as perpendicular as is practical. · This is considered appropriate for the geological setting and for the known mineralisation styles.
Orientation of data in relation to geological structure	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias. this should be assessed and reported if material.	· Existence, and orientation of preferentially mineralised structures is not yet fully understood but current available data indicates mineralisation occurs within steep. sub-vertical structures, with the possibility of plunging "ore-shoots". · The drillholes are inclined towards the target, which is understood to dip towards the drillhole at a steep angle (actual geometry to be confirmed by a second hole on section in the future). · The relatively short sample length (typically 1 m) allows for relatively accurate localization of mineralisation. · No significant sampling bias is therefore expected.
Sample security	The measures taken to ensure sample security.	· Diamond core and trench samples are stored at a secure facility at the field office. · Sample bags are logged, tagged, double bagged and sealed in plastic bags stored at the field office. · Samples are stored in a locked company compound at site and in a locked container in Bulawayo. They are shipped onwards to the analytical facility by a reliable commercial courier. · Sample security includes a chain-of-custody procedure that consists of filling out sample submittal forms that are sent to the laboratory with sample shipments to make certain that all samples are received by the laboratory. · Prepared samples are transported to the analytical laboratory in sealed bags that are accompanied by appropriate paperwork. including the original sample preparation request numbers and chain-of-custody forms.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	· The CP has visited both site and considered practices and SOPs at both as acceptable. · The CP reviewed all data and spot-checked significant values versus certificates.

JORC Section 2 Reporting of Exploration Results

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

Criteria	JORC Code explanation	Commentary
Mineral tenement and land tenure status	Type. reference name/number. location and ownership including agreements or material issues with third parties such as joint ventures. partnerships. overriding royalties. native title interests. historical sites. wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	The Hillside Project consists of 44 gold claims. Kavango entered into an option agreement with the vendors, dated 25 July 2023. This was exercised on 23 April 2024 with respect to Hillside and Leopard South. Leopard North remains subject to a call option valid to June 2025. Transfer of the Claims is presently underway. More details are provided here https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/w9nq44r
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties.	The project contains a historic high-grade mine Bills Luck, which has a history of intermittent gold production from 1916 to 1950, yielding 17,000 oz at an average grade of 7.7g/t. After 1950, the mine saw only small-scale sand retreatment and surface workings. It is currently being mined by artisanal miners, who are under contract, milling the ore at Bill's Luck stamp mill.
Geology	Deposit type. geological setting and style of mineralisation.	Bills Luck lies near the southern contact of the Filabusi gold belt and the Bulawayan Basement Schists. Younger intrusive granites bound it to the north. Gold mineralization appears to be associated with multiple sub parallel quartz veins that occur in fine grained massive, sheared granite. The general azimuth of the auriferous veins is 110^o TN (dipping steeply to the NNE) Bills Luck, which has a history of intermittent gold production from 1916 to 1950, yielding 17,000 oz at an average grade of 7.7g/t. After 1950, the mine saw only small-scale sand retreatment and surface workings.
Drill hole Information	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar dip and azimuth of the hole down hole length and interception depth hole length. 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 Competent Person should clearly explain why this is the case.	N/A Exploration Results Not Reported
Data aggregation methods	In reporting Exploration Results. weighting averaging techniques. maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results. the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated.	N/A Exploration Results Not Reported
Relationship between mineralisation widths and intercept lengths	These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known. its nature should be reported. If it is not known and only the down hole lengths are reported. there should be a clear statement to this effect (eg 'down hole length. true width not known').	N/A Exploration Results Not Reported
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include. but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	N/A Exploration Results Not Reported
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable. representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	N/A Exploration Results Not Reported
Other substantive exploration data	Other exploration data. if meaningful and material. should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density. groundwater. geotechnical and rock characteristics; potential deleterious or contaminating substances.	N/A Exploration Results Not Reported

Section 3 Estimation and Reporting of Mineral Resources

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


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.	§ Data is captured directly into Excel sheets. The data is then checked by the geological manager, and an external database consultant. § The data was further validated during the resource estimation process with 100% of the sample values checked against the assay certificates.
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.	§ A site visit was undertaken from the 4^th to the 14^th of Aug 2025 when the geology offices, core and sampling facilities, trenches, boreholes and outcrops were visited.
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.	§ The mineral resource estimate is based on the following data: § Scope drilling diamond boreholes (1012m) § 33 resource drilling diamond boreholes (2111m) § 18 trenches (2413m) § Surface mapping of outcrops, combined with trench logging. § Sectional interpretation of borehole intersections using lithological, structural and sampling data. § The gold mineralisation at the Nightshift and surrounding prospects associates with shear zones that have acted as fluid conduits and controlled the alteration, vein density and gold mineralization.
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.	§ The deposit comprises an anastomosing set of shear zones striking WNW-ESE and dipping at 70-80 degrees to the NNE. Individual shear zones appear to be continuous over strike lengths of 100m or more. § The resource estimate area has a total strike of 400m, with up to 12 shear zones with widths varying from 2m up 15m in cases. The estimated resource extends to a depth of 50m over the resource drilling grid, with some deeper 100m intersections obtained in the scope drilling
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.		§ Estimation was done using Surpac Vision version 6.1.3 software. § A block model with parent block sizes of 12.5m x 5m x 4m (y: strike, z: height, x: width) was created, and sub-blocked to 0.5m x 1.6m x 0.6m to represent the volume as accurately as possible. § Block grade estimation was done using multiple indicator kriging, a non-linear geostatistical method for estimating resources in deposits with highly skewed and mixed-grade distributions, often used in gold deposits. No grade capping was applied due to the estimation method being suitable for skewed distributions. § Estimation composites were selected from within the individual shear zone domains, with 34 individual domains estimated. § Block estimates were validated visually on plan and section by comparing them to the informing sample data, as well as statistically by comparing the averages of the informing composites to the block estimates. § No by products were estimated § No selective mining units were estimated § No production data or prior estimates are available.
Moisture	· Whether the tonnages are estimated on a dry basis or with natural moisture, and the method of determination of the moisture content.		§ Tonnages and grades are reported on a dry basis.
Cut-off parameters	· The basis of the adopted cut-off grade(s) or quality parameters applied.		§ The marginal cut-off grade of 0.5g/t is calculated based on a gold price of $3500/oz and a processing cost of $25.tonne
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.		§ Mining is assumed to be by open cast mining, mining small selective shallow open pits at the Nightshift deposit. § Due to its low grade, Nightshift ore is envisaged to not be the primary or priority ore source, rather it will constitute a 'top up' or 'base load' feedstock for a 200 to 300tpd plant located at Hillside § A mining dilution of 10% is assumed.
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.		§ A 90% metallurgical recovery is assumed.
Environmen-tal 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 more competent waste rock (ie diorite/granodiorite/BIF) will be useful material for crushing for various aggregate products and for use with the construction of all-weather unsealed roads. The phyllite/meta sediment waste rock which is less competent will be useful material for future tailings dam lifts and construction due to its ability to be easily 'crushed' into clay and its ability to be compacted. Suitable waste dumps where the different waste rock materials need to be stockpiled separately will need to be designed.
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.		§ Dry bulk density was determined using Archimedes method on numerous representative core samples throughout the deposit.
Classification	· The basis for the classification of the Mineral Resources into varying confidence categories. · Whether appropriate account has been taken of all relevant factors (ie 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.		§ The resource was classified into confidence classifications based on the following criteria: § Measured Resource: Based on the geostatistical analysis carried out, a sampling grid of less than the variogram ranges of about 15m would be required to classify measured resource. No measured resource is declared. § Indicated Resource: Blocks within 25m from a datapoint, being within the resource drilling and trenching grid were classified as indicated resource. § Inferred Resource: Blocks between 25 and 50m from a datapoint, as well as areas extrapolated along strike or down dip were classified as inferred resource
Audits or reviews	· The results of any audits or reviews of Mineral Resource estimates.		§ No audits or reviews have been carried out as yet.
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.		§ Relative accuracy and confidence is included in the resource classification where qualitative and quantitative confidence factors are used to classify the resource on a local basis. § No production data is available for comparisons.

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