Black Volta Gold Project, Ghana

Project Overview

Ibaera’s Black Volta Gold Project is one of the largest gold exploration positions held outside of major miners in Ghana with ~934 km² of secured land position (mining and exploration licences). A key advantage of the Black Volta Mine development is its simplicity.

FULLY PERMITTED CONSTRUCTION READY

Gold project in North-West Ghana

SIGNIFICANT LAND PACKAGE HELD THROUGH 12 LICENCES

• ~934 km² of granted mining and exploration licences in Ghana
• One of the largest licence areas held outside of major miners

CRITICAL INFRASTRUCTURE NEARBY AND ALREADY IN PLACE

• Major roads, water supply and ~40% renewable grid power already to the gate

DEFINITIVE FEASIBILITY STUDY UPDATED IN OCTOBER 2021

• 163 koz p.a. for the first 5 years, 148 koz p.a for the first 9 years, 11 year mine life

WELL DEFINED AND UNDERSTOOD GEOLOGY

• 1.37 million ounce reserve, 2.8 million ounce resource

TWO MAJOR OPEN CUT MINING PITS

• Kunche-Bepkong and Julie

IDENTIFIED ORGANIC GROWTH

• Multiple additional exploration targets within the enormous licence area
• Strong gold anomaly north of Bepkong (> 8 km strike) much larger than area of currently known deposits
• Potential for extension at depth: current depth of drilling very shallow compared to similar deposits – minimal drilling below 300 m at Kunche – major potential at depth

WORLD CLASS LOCATION

• Low risk, established world class mining jurisdiction