Aurum Assets: Recreation-changing Gold Exploration at Prolific Côte d’Ivoire, West Africa

Highlights:

• Improvement contract for the underground exploration drill drive on the Dalgaranga Gold Venture awarded to Barminco Restricted.
• The contract, which is valued at ~$18.3 million, offers for two,350m of improvement to ship twin decline entry for the institution of underground drilling platforms to in- fill and lengthen mineralisation inside the By no means By no means, Pepper, 4 Pillars and West Winds areas.
• The drill drive has additionally been designed to assist future mine manufacturing actions.
• All regulatory mining approvals at the moment are in place and all main assist providers have been engaged to facilitate the graduation of building within the present quarter.
• Floor exploration drilling at Dalgaranga will shortly re-commence, with rigs arriving on website later this month.

Determine 1: Lengthy Part of the By no means By no means Gold Deposit and the Pepper, 4 Pillars and West Winds Gold Prospects wanting east. Proposed exploration drill drive design in black.

The contract, which is valued at ~$18.3 million together with an allowance for gas and contingencies, offers for two,350m of improvement to ship twin decline entry for the institution of underground drilling platforms to in-fill and lengthen mineralisation throughout the By no means By no means, Pepper, 4 Pillars and West Winds deposits.

All of those steeply-plunging, high-grade gold zones are situated alongside a single 800m-long, semi- repeatedly mineralised north-south stratigraphic horizon (see Determine 1). The exploration drill drive has been designed to run parallel and adjoining to this horizon to supply underground drill platforms to extra successfully outline these present deposits and prospects, in addition to probe for additional high-grade shoots and supply important underground infrastructure as Spartan develops its future mine plan.

Development of the drill drive is on-track to start within the September Quarter, with all regulatory mining approvals and assist providers in place. As well as, the Firm has established an skilled on- website mission workforce to handle and oversee the event and building course of. Institution of the drill drive, and an preliminary underground drilling programme, is totally funded from the Firm’s present money reserves.

Administration Remark

Spartan Managing Director and Chief Government Officer, Simon Lawson, mentioned: “We’re delighted to have Barminco on board to finish the development of this new drill drive, which represents a really thrilling initiative that may allow us to drill from platforms situated proper alongside our high-grade deposits and targets. It will present for cheaper, extra correct and faster drilling to proceed to speed up our Useful resource development and conversion to Ore Reserves.

“All the high-grade deposits and prospects found at Dalgaranga over the previous two years stay open at depth – with mineralisation on the By no means By no means deposit now outlined to past 1km beneath floor – and we’re very excited to get the underground rigs in place to assist decide simply how deep this high- grade mineralisation extends.

“Importantly, the drill drive is being constructed utilizing the identical dimensions as a normal underground mine improvement, making certain it may be integrated into our infrastructure planning for the long run re- graduation of mining operations.

“Development of the drill drive is about to kick-off later this Quarter and is predicted to take roughly 10 months to finish. As well as, we may even shortly re-commence floor drilling applications, focusing on the Pepper, 4 Pillars, West Winds and different near-surface anomalies, making certain loads of thrilling news- stream for shareholders within the months forward.”