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
