MAIDEN RESOURCE DEVELOPMENT GOAL

MAIDEN RESOURCE DEVELOPMENT GOAL

H2 2022

Q4 2020 - Q4 2021

TARGET GENERATION AND PRIORITISATION


  • GoldSpot study, target generation and results evaluation

  • Confirm and prioritise existing and new targets

  • Drill programme design and budget estimation

  • Commence government compliance local procurement process for drilling contractor and invite tender submissions

Q1 2022 – Q4 2022

FOLLOW-UP AND FIRST PASS RESOURCE DRILL PROGRAMMES


  • Extend drilling along strike and downdip, follow-up exceptional intersections, e.g. TDD0041: 22.81g/t Au/15.00m/from 299.00m

  • Commence drilling on new targets using diamond drilling to determine structure and geology and progress the programs close-spaced RC and DD resource drilling as results warrant

H2 2022

ORE RESOURCE MODELING


  • Develop wireframe models and commence resource determination as drill results justify

H1 2023 – H2 2023

SCOPING STUDY AND PEA PROGRAM


  • Complete resource model

  • Preliminary mine design

  • Metallurgical characterization studies

  • Process plant basic design

  • Establish optimum production rate

  • Estimate Capex & Opex costs

  • Develop a PEA financial model

  • Identify studies to complete a Pre-Feasibility Study

All activities subject to financing, permitting and change without notice. See forward looking statements disclaimer. DISCLAIMER

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