The “Ciemas Open Cut Scoping Study” has been produced by Mancala Pty Ltd (“Mancala”), an Australia- based consultant. The Scoping Study, which is also compliant with the JORC Code 2012 Edition, utilised the Mineral Resource data generated in the Resource Report in order to examine the mining options for the four deposits within the Ciemas Gold Project with identified Mineral Resources. The Scoping Study concludes that the initial mine development of the Ciemas Gold Project deposits should be by open cut methods, followed by underground mining of those Mineral Resources below the optimal limit of open pit extraction.
