# Galiano Gold Delivers Annual Mineral Reserve and Mineral Resource Update, Highlighted by Maiden Underground Mineral Resources at Nkran and Abore Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a Original source: https://money.tmx.com/en/quote/GAU/news/6154530312385274/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig Publisher: tmx Original announcement: 2026-02-12T22:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Galiano Gold Inc. - Ticker: GAU - Exchange: TSX - Region: Ghana, West Africa - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-12 04:21:14 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Galiano Gold Inc. announced its annual Mineral Reserve and Mineral Resource update for the Asanko Gold Mine in Ghana, West Africa, effective December 31, 2025. The update is highlighted by maiden underground Mineral Resources at the Nkran and Abore deposits, totaling 3.4 Mt Indicated at 2.74 g/t Au and 6.5 Mt Inferred at 2.52 g/t Au. The company reported Proven and Probable Mineral Reserves of 47.5 Mt at 1.29 g/t Au for 1.97 Moz gold contained, with successful infill drilling replacing depleted reserves at Abore. Reasoning: The declaration of maiden underground resources at Nkran and Abore represents a significant positive development, opening new growth avenues and extending potential mine life. The high-grade nature of these new resources is particularly encouraging. While some estimates are based on older data, the overall update maintains a robust resource base and demonstrates successful exploration efforts to replace depletion. - Positive factor: Maiden underground Mineral Resources declared for Nkran and Abore, opening a new growth avenue for the company. - Positive factor: High-grade nature of the underground resources \(2.74 g/t Indicated, 2.52 g/t Inferred\) suggests strong economic potential. - Positive factor: Replacement of virtually all depleted Mineral Reserves at Abore indicates successful infill and step-out drilling. - Positive factor: Overall Mineral Reserve and Mineral Resource update maintains a strong resource base for the Asanko Gold Mine. - Positive factor: Explicit mention of NI 43-101 compliance and multiple Qualified Persons enhances credibility. - Negative factor: A portion of the reported Mineral Resources and Reserves are based on older effective dates \(2022 and 2024\), indicating some stale data. - Negative factor: Significant portion of the underground resource is in the Inferred category, which is less certain and cannot support economic studies alone. Facts used in scoring: 31 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The document explicitly states 'Maiden underground Mineral Resource estimates for the Abore and Nkran deposits'. Evidence · text > Maiden underground Mineral Resource estimates for the Abore and Nkran deposits **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The document states that the estimates are prepared as defined under NI 43-101. Evidence · text > Qualified Person \(as defined under NI 43-101\) **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Multiple Qualified Persons \(Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman\) are named as responsible for the estimates. Evidence · text > Mr. Eric Chen, P.Geo., Vice President Mineral Resources for Galiano Gold Inc., is the Qualified Person \(as defined under NI 43-101\) **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The document reports significant tonnages in the Inferred Mineral Resource category for both open pit and underground estimates. Evidence · text > Inferred Mineral Resources are estimated at 20.7 Mt at 1.14 g/t for 0.76 Moz gold contained. **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: Mineral Resources for Miradani North, Akwasiso, Asuadai, and Dynamite Hill are stated with an effective date of December 31, 2022, which is over two years old. Evidence · text > Mineral Resources for Miradani North, Akwasiso, Asuadai, and Dynamite Hill are stated with an effective date of December 31, 2022. **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: Mineral Reserves for Adubiaso and Midras South are stated as of December 31, 2024, which is over one year old. Evidence · text > The Adubiaso and Midras South are stated as of December 31, 2024. **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: Mineral Reserves for Miradani North and Dynamite Hill are stated as of December 31, 2022, which is over two years old. Evidence · text > Miradani North and Dynamite Hill are stated as of December 31, 2022. **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: The updated MRMR incorporates extensive infill and step-out drilling conducted on the Abore deposit during 2025, which resulted in the replacement of virtually all depleted Mineral Reserves compared to the December 31, 2024 Mineral Reserve estimate. Evidence · text > The updated MRMR incorporates extensive infill and step-out drilling conducted on the Abore deposit during 2025, which resulted in the replacement of virtually all depleted Mineral Reserves compared to the December 31, 2024 Mineral Reserve estimate. ## Extracted facts Stored fact records: 31. Some facts used in scoring do not have a stored record. ## Resource Estimates (31) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-0) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:eebf2550715a88a52366 - Deposit or zone: Nkran - Mining method: combined - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 10800000 - Grade: 1.73 - Grade Unit: g/t - Contained Metal: 602 - Contained Unit: koz - Cutoff Grade: 0.35 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Nkran open pit indicated resource shows an economic grade and contributes significantly to the overall resource base, with reasonable confidence. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: Economic grade for an open pit gold deposit. Evidence · table > 10.8 Context: Nkran #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-1) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:07e40214d697bb8e14f4 - Deposit or zone: Nkran - Mining method: combined - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2100000 - Grade: 1.02 - Grade Unit: g/t - Contained Metal: 70 - Contained Unit: koz - Cutoff Grade: 0.35 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Nkran open pit inferred resource provides additional potential but carries lower confidence due to its category. - Positive factor: Economic grade for an open pit gold deposit. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 2.1 Context: Nkran #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-2) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:dff9098ced2784f1130e - Deposit or zone: Esaase - Mining method: combined - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 33000000 - Grade: 1.19 - Grade Unit: g/t - Contained Metal: 1266 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Esaase open pit indicated resource is a substantial component of the company's resource base with an economic grade and good confidence. - Positive factor: Large indicated resource tonnage contributes significantly to the overall resource base. - Positive factor: Economic grade for an open pit gold deposit. Evidence · table > 33.0 Context: Esaase #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-3) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:3918bb0a63b56943fc0d - Deposit or zone: Esaase - Mining method: combined - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 12200000 - Grade: 1.15 - Grade Unit: g/t - Contained Metal: 449 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Esaase open pit inferred resource adds to the overall potential but with lower confidence due to its category. - Positive factor: Economic grade for an open pit gold deposit. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 12.2 Context: Esaase #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-4) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:2bc7c08931cf5ef6d626 - Deposit or zone: Abore - Mining method: combined - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 10500000 - Grade: 1.15 - Grade Unit: g/t - Contained Metal: 388 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Abore open pit indicated resource is an economic grade deposit with reasonable confidence, contributing to the overall resource base. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: Economic grade for an open pit gold deposit. Evidence · table > 10.5 Context: Abore #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-5) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:be86427825e6c3c1f5fe - Deposit or zone: Abore - Mining method: combined - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 300000 - Grade: 0.61 - Grade Unit: g/t - Contained Metal: 7 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Abore open pit inferred resource is small and marginal grade, with lower confidence due to its category. - Positive factor: Marginal grade for an open pit gold deposit. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.3 Context: Abore #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-6) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2022-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:35b89dfd300316d1e462 - Deposit or zone: Miradani North - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 7900000 - Grade: 1.39 - Grade Unit: g/t - Contained Metal: 352 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2022-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Miradani North indicated resource is an economic grade deposit but is based on older data, reducing its novelty. - Positive factor: Economic grade for an open pit gold deposit. - Negative factor: Estimate is historical, effective December 31, 2022, reducing its novelty. Evidence · table > 7.9 Context: Miradani North #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-7) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2022-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:10d0c64a8b187ae9b819 - Deposit or zone: Miradani North - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2900000 - Grade: 1.3 - Grade Unit: g/t - Contained Metal: 122 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2022-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Miradani North inferred resource is based on older data and has lower confidence due to its category, limiting its novelty. - Positive factor: Economic grade for an open pit gold deposit. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Estimate is historical, effective December 31, 2022, reducing its novelty. Evidence · table > 2.9 Context: Miradani North #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-8) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:62a0f0d604c687f19cfa - Deposit or zone: Midras South - Mining method: combined - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 4900000 - Grade: 1.02 - Grade Unit: g/t - Contained Metal: 162 - Contained Unit: koz - Cutoff Grade: 0.35 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Midras South indicated resource is an economic grade deposit with reasonable confidence, contributing to the overall resource base. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: Economic grade for an open pit gold deposit. Evidence · table > 4.9 Context: Midras South #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-9) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:0a0eee774e6bd100e5e2 - Deposit or zone: Midras South - Mining method: combined - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 1.06 - Grade Unit: g/t - Contained Metal: 48 - Contained Unit: koz - Cutoff Grade: 0.35 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Midras South inferred resource adds to the overall potential but with lower confidence due to its category. - Positive factor: Economic grade for an open pit gold deposit. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 1.4 Context: Midras South #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-10) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:717d82ca02898c1890cc - Deposit or zone: Adubiaso - Mining method: combined - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2600000 - Grade: 1.36 - Grade Unit: g/t - Contained Metal: 113 - Contained Unit: koz - Cutoff Grade: 0.35 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Adubiaso indicated resource is an economic grade deposit with reasonable confidence, contributing to the overall resource base. - Positive factor: Indicated resource category provides reasonable geological confidence. - Positive factor: Economic grade for an open pit gold deposit. Evidence · table > 2.6 Context: Adubiaso #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-11) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:7be775887c20edb22110 - Deposit or zone: Adubiaso - Mining method: combined - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 400000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 10 - Contained Unit: koz - Cutoff Grade: 0.35 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Adubiaso inferred resource is small and marginal grade, with lower confidence due to its category. - Positive factor: Marginal grade for an open pit gold deposit. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.4 Context: Adubiaso #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-12) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2022-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:a0b3e0f27bda8f6e93aa - Deposit or zone: Dynamite Hill - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2200000 - Grade: 1.34 - Grade Unit: g/t - Contained Metal: 95 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2022-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Dynamite Hill indicated resource is an economic grade deposit but is based on older data, reducing its novelty. - Positive factor: Economic grade for an open pit gold deposit. - Negative factor: Estimate is historical, effective December 31, 2022, reducing its novelty. Evidence · table > 2.2 Context: Dynamite Hill #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-13) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2022-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:b880e6f019894e6c67c7 - Deposit or zone: Dynamite Hill - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1000000 - Grade: 1.24 - Grade Unit: g/t - Contained Metal: 40 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2022-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Dynamite Hill inferred resource is based on older data and has lower confidence due to its category, limiting its novelty. - Positive factor: Economic grade for an open pit gold deposit. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Estimate is historical, effective December 31, 2022, reducing its novelty. Evidence · table > 1.0 Context: Dynamite Hill #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-14) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2022-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:9d0ac5d39a6b67781c8e - Deposit or zone: Asuadai - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1600000 - Grade: 1.23 - Grade Unit: g/t - Contained Metal: 64 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2022-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Asuadai indicated resource is an economic grade deposit but is based on older data, reducing its novelty. - Positive factor: Economic grade for an open pit gold deposit. - Negative factor: Estimate is historical, effective December 31, 2022, reducing its novelty. Evidence · table > 1.6 Context: Asuadai #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-15) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2022-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:7c125542d57b790b1875 - Deposit or zone: Asuadai - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 1.29 - Grade Unit: g/t - Contained Metal: 4 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2022-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Asuadai inferred resource is very small, based on older data, and has lower confidence due to its category, limiting its novelty. - Positive factor: Economic grade for an open pit gold deposit. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Estimate is historical, effective December 31, 2022, reducing its novelty. Evidence · table > 0.1 Context: Asuadai #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-16) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2022-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:011a149256676e532628 - Deposit or zone: Akwasiso - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1400000 - Grade: 1.16 - Grade Unit: g/t - Contained Metal: 52 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2022-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Akwasiso indicated resource is an economic grade deposit but is based on older data, reducing its novelty. - Positive factor: Economic grade for an open pit gold deposit. - Negative factor: Estimate is historical, effective December 31, 2022, reducing its novelty. Evidence · table > 1.4 Context: Akwasiso #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-17) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2022-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:9177f407e68fe34ad9a9 - Deposit or zone: Akwasiso - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 200000 - Grade: 1.28 - Grade Unit: g/t - Contained Metal: 9 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2022-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Akwasiso inferred resource is very small, based on older data, and has lower confidence due to its category, limiting its novelty. - Positive factor: Economic grade for an open pit gold deposit. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Estimate is historical, effective December 31, 2022, reducing its novelty. Evidence · table > 0.2 Context: Akwasiso #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-18) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:9b6f40ee4a96ffc768e1 - Deposit or zone: Stockpiles - Mining method: combined - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 2000000 - Grade: 0.72 - Grade Unit: g/t - Contained Metal: 47 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The stockpiles measured resource provides high confidence tonnage, albeit at a marginal grade, contributing to the overall resource base. - Positive factor: Measured resource category provides highest geological confidence. - Positive factor: Marginal grade for an open pit gold deposit. Evidence · table > 2.0 Context: Stockpiles #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-19) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:5d8b2ea0d5b49e3835df - Deposit or zone: Nkran - Mining method: combined - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1800000 - Grade: 2.79 - Grade Unit: g/t - Contained Metal: 164 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The maiden indicated underground resource at Nkran is a significant positive development, offering high-grade material with reasonable confidence for future development. - Positive factor: Maiden underground resource represents a new growth avenue. - Positive factor: High-grade nature of the resource \(2.79 g/t Au\) is very positive for underground mining. - Positive factor: Indicated resource category provides reasonable geological confidence. Evidence · table > 1.8 Context: Nkran #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-20) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:8f4526dac2fa8ca85c90 - Deposit or zone: Nkran - Mining method: combined - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 4300000 - Grade: 2.61 - Grade Unit: g/t - Contained Metal: 360 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The maiden inferred underground resource at Nkran is a significant positive development due to its high grade and novelty, though it carries lower confidence. - Positive factor: Maiden underground resource represents a new growth avenue. - Positive factor: High-grade nature of the resource \(2.61 g/t Au\) is very positive for underground mining. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 4.3 Context: Nkran #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-21) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:f21dab70689e5e12a4a7 - Deposit or zone: Abore - Mining method: combined - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1600000 - Grade: 2.67 - Grade Unit: g/t - Contained Metal: 139 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The maiden indicated underground resource at Abore is a significant positive development, offering high-grade material with reasonable confidence for future development. - Positive factor: Maiden underground resource represents a new growth avenue. - Positive factor: High-grade nature of the resource \(2.67 g/t Au\) is very positive for underground mining. - Positive factor: Indicated resource category provides reasonable geological confidence. Evidence · table > 1.6 Context: Abore #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-22) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:0b5e479897a7518ed0f0 - Deposit or zone: Abore - Mining method: combined - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2200000 - Grade: 2.32 - Grade Unit: g/t - Contained Metal: 165 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The maiden inferred underground resource at Abore is a significant positive development due to its high grade and novelty, though it carries lower confidence. - Positive factor: Maiden underground resource represents a new growth avenue. - Positive factor: High-grade nature of the resource \(2.32 g/t Au\) is very positive for underground mining. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 2.2 Context: Abore #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-23) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: reserve - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:511ff2a519ec48e25aa2 - Deposit or zone: Nkran - Mining method: combined - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 10600000 - Grade: 1.67 - Grade Unit: g/t - Contained Metal: 570 - Contained Unit: koz - Cutoff Grade: 0.35 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Nkran open pit probable reserve is a significant and economically viable component of the company's reserves. - Positive factor: Probable reserve category indicates high confidence in economic viability. - Positive factor: Economic grade for an open pit gold reserve. Evidence · table > 10.6 Context: Nkran #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-24) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: reserve - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:30fdc61db2aaccabeffe - Deposit or zone: Esaase - Mining method: combined - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 14800000 - Grade: 1.12 - Grade Unit: g/t - Contained Metal: 531 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Esaase open pit probable reserve is a substantial and economically viable component of the company's reserves. - Positive factor: Probable reserve category indicates high confidence in economic viability. - Positive factor: Economic grade for an open pit gold reserve. Evidence · table > 14.8 Context: Esaase #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-25) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: reserve - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:4c9c84ef21b63445c92d - Deposit or zone: Abore - Mining method: combined - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 9300000 - Grade: 1.16 - Grade Unit: g/t - Contained Metal: 346 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Abore open pit probable reserve is an economically viable component of the company's reserves, with high confidence. - Positive factor: Probable reserve category indicates high confidence in economic viability. - Positive factor: Economic grade for an open pit gold reserve. Evidence · table > 9.3 Context: Abore #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-26) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: reserve - Effective date: 2022-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:faf5ae9f2e1c397f6abb - Deposit or zone: Miradani North - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 6800000 - Grade: 1.41 - Grade Unit: g/t - Contained Metal: 310 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2022-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Miradani North probable reserve is an economically viable component but is based on older data, reducing its novelty. - Positive factor: Probable reserve category indicates high confidence in economic viability. - Positive factor: Economic grade for an open pit gold reserve. - Negative factor: Estimate is historical, effective December 31, 2022, reducing its novelty. Evidence · table > 6.8 Context: Miradani North #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-27) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: reserve - Effective date: 2022-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:a5f7a5e51357543985fd - Deposit or zone: Dynamite Hill - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 1100000 - Grade: 1.31 - Grade Unit: g/t - Contained Metal: 45 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2022-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Dynamite Hill probable reserve is an economically viable component but is based on older data, reducing its novelty. - Positive factor: Probable reserve category indicates high confidence in economic viability. - Positive factor: Economic grade for an open pit gold reserve. - Negative factor: Estimate is historical, effective December 31, 2022, reducing its novelty. Evidence · table > 1.1 Context: Dynamite Hill #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-28) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: reserve - Effective date: 2024-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:a7e722981491dfe08780 - Deposit or zone: Adubiaso - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 1500000 - Grade: 1.39 - Grade Unit: g/t - Contained Metal: 67 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2024-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Adubiaso probable reserve is an economically viable component but is based on older data, reducing its novelty. - Positive factor: Probable reserve category indicates high confidence in economic viability. - Positive factor: Economic grade for an open pit gold reserve. - Negative factor: Estimate is historical, effective December 31, 2024, reducing its novelty. Evidence · table > 1.5 Context: Adubiaso #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-29) Asanko Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: reserve - Effective date: 2024-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:1415727a0c7691180142 - Deposit or zone: Midras South - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 1400000 - Grade: 1.12 - Grade Unit: g/t - Contained Metal: 49 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2024-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The Midras South probable reserve is an economically viable component but is based on older data, reducing its novelty. - Positive factor: Probable reserve category indicates high confidence in economic viability. - Positive factor: Economic grade for an open pit gold reserve. - Negative factor: Estimate is historical, effective December 31, 2024, reducing its novelty. Evidence · table > 1.4 Context: Midras South #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/galiano-gold-delivers-annual-mineral-reserve-and-mineral-resource-update-highlig--f2117122-fadf-4b96-8b36-29b70e7ae20a#fact-resource-facts-30) Asanko Gold Mine · gold #### Identity - Project: Asanko Gold Mine - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: GAU #### Resource scope - Estimate type: reserve - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chen, Ertan Uludag, Amri Sinuhaji, Chris Pettman - Resource group id: resource:ec9b8c6ac8879329360a - Deposit or zone: Stockpiles - Mining method: combined - Resource basis: gross #### Resource Data - Category: proven - Tonnes: 2000000 - Grade: 0.72 - Grade Unit: g/t - Contained Metal: 47 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-12T00:00:00.000Z Reasoning: The stockpiles proven reserve provides high confidence tonnage, albeit at a marginal grade, contributing to the overall reserve base. - Positive factor: Proven reserve category indicates highest confidence in economic viability. - Positive factor: Marginal grade for an open pit gold reserve. Evidence · table > 2.0 Context: Stockpiles #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.