Project Overview

Ibaera’s Black Volta Gold Project is one of the largest gold explorationpositions held outside of major miners in Ghana with 1,785 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 20 LICENCES

  • 1,785 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 49% renewable grid power already to the gate

DEFINITIVE FEASIBILITY STUDY COMPLETED IN MARCH 2020

  • 110 koz p.a project for the first 10 years, 16 year mine life

WELL DEFINED AND UNDERSTOOD GEOLOGY

  • 1.32 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: currentdepth 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

Key Metrics

RESOURCERESERVEPRODUCTIONTENEMENT AREA
2.8 Moz1.32 Moz110,000 oz p.a. @ 2.1 g/t for first 10 years1,785 km2, 20 licences

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