Douta Project
In 2025 At the Douta Gold
Project (“Douta”), the Group
announced the first set of drilling
results from its 2025 regional
exploration drilling program at
the Baraka 3 Prospect on the
Douta-West Licence
In 2025 At the Douta Gold
Project (“Douta”), the Group
announced the first set of drilling
results from its 2025 regional
exploration drilling program at
the Baraka 3 Prospect on the
Douta-West Licence
1,780,000ozAu
- 874,900oz @ 1.3g/tAu Indicated
- 909,400oz @ 1.2g/tAu Inferred
A drilling program commenced on the remaining strike length along a geological trend extending for approximately 3 km. The assay results from the two discovery drill holes include:
- Drillhole DTWRC129 – 19 m at 2.46 g/t Au from 29 m.
- Drillhole DTWRC134 – 26 m at 1.31 g/t Au from 21 m.
Results were also received from a series of diamond drillholes that have been completed along the strike length from Makosa North to Makosa Tail deposits to test for depth extensions and to upgrade the classification towards the lower parts of the resource.
The Group is completing a 12,000 metre drilling program on the Baraka 3 prospect in Q2 2025, from which it will incorporate the drilling results into the Douta Pre-Feasibility Study.
2023 Mineral Resource Estimate
|
Classification
|
Tonnes (Mt)
|
Grade (g/tAu)
|
Contained Gold (k ounces)
|
Thor Interest
|
|---|---|---|---|---|
|
Indicated
|
21.2
|
1.3
|
875
|
70%
|
|
Inferred
|
24.1
|
1.2
|
909
|
70%
|
- Open Pit Mineral Resources are reported in situ at a cut-off grade of 0.50 g/t Au. An optimised Whittle shell (US$2,000) was used to constrain the resources.
- The Mineral Resource is considered to have reasonable prospects for economic extraction by open pit mining methods above a 0.50 g/t Au and within an
optimised pit shell. - Cut-off grade varied from 0.45 g/t to 0.48 g/t in a pit shell based on mining costs, metallurgical recovery, milling costs and G&A costs.
Resource is reported as in-situ and no metallurgical or mining recovery factors have been applied. - Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
- Totals may not add exactly due to rounding
The statement used the terminology, definitions and guidelines given in the CIM Standards on Mineral resources and Mineral Reserves (May 2014) as required by NI 43-101.
Bulk density is assigned according to weathering profile with a weighted average of 2.78.
The resource estimate was prepared by Mr. Kevin Selingue, Principal Geologist of MineralMind, Australia in accordance with NI 43-101. Mr. Selingue is an independent qualified person (“QP”) as defined by NI 43-101.
