WHY TEMBO
Strategic Location With Highly Prospective Geology and Outstanding Early-Stage + Follow-up Drill Results
The Lake Victoria goldfield has significant infrastructure and mining services with a 25-year history of mine development
Known to host significant gold deposits within the same greenstone fragment and is in proximity to several world class multi-million-ounce deposits
US$28M spent and 50,000m drilled with good success by Tembo – 2011 to 2014
Preliminary drilling returned several exceptional results including: 15.00m at 22.81g/t; 4.00m at 17.23g/t; and 2.45m at 35.14g/t
Extensive Artisanal Mining Activity
Significant historical artisanal mining activity along >13km of linear structures and represent less than 10% of potential structures delineated by airborne magnetic anomalies
100% Interest in Key Licence & Newly Formed Partnership With Barrick Gold Corp.
Tembo holds 100% of its ~32 km2 licence area adjacent to Barrick’s 20Moz Bulyanhulu Mine, and is pursuing the discovery of one or more multi-million-ounce Au deposits
Newly announced transaction with Barrick provides immediate cash to Tembo with leverage to Barrick’s future success in the region
Leveraging State-Of-The-Art Machine Learning & AI Technology
Multidisciplinary data driven science, artificial intelligence and machine learning by Goldspot to generate and prioritise targets, optimising outcomes and exploration expenditure has confirmed and quantified numerous high potential targets
Well Funded Upcoming Drill Program Preparation Underway
Phase 1 well targeted to confirm and extend known mineralization at depth and along strike (2,500m RC; 5,000m DD) – Completion Q1/22
Phase 2 program funded and planned to commence resource definition – Commence Q2/22
