Montage Gold Provides Exploration Update on the Sissédougou Trend at Its Koné Project in Côte d'Ivoire

Original announcement by tmx on

Company
Montage Gold Corp.
Ticker
MAU
Exchange
TSX
Region
Côte d'Ivoire
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Resource update, Drill results
Extracted
2026-09-14 11:11:00 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Montage Gold announced a significant update to its Koné Project Mineral Resource Estimate, increasing overall Indicated Resources by 13% to 5.49 Moz and Inferred Resources by 76% to 704 koz. This growth is driven by new drilling at satellite deposits, including a doubling of resources at the ANV deposit. The company also reported high-grade drill intercepts from its ongoing 2025 exploration program, further confirming the project's prospectivity.

Reasoning: Montage Gold has reported a significant update to its Koné Project Mineral Resource Estimate, showing substantial increases in both Indicated and Inferred resources, particularly for satellite deposits and the ANV deposit. This update, compliant with NI 43-101 and signed off by Qualified Persons, de-risks the project and adds considerable scale. Additionally, ongoing exploration drilling continues to yield high-grade intercepts, confirming and extending mineralization.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • Category Upgrade
  • QP/CP Signed
  • NI 43-101 Compliant

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 39

Classification and evidence

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: The overall Koné Project Indicated Resources increased by 13% (626 koz) and Inferred Resources by 76% (304 koz).

Evidence · text

“The update represents a 626koz, or 13%, increase in the project’s Indicated Resources, and a 304koz, or 76%, increase in the Project’s Inferred Resources”

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: The overall Koné Project Indicated Resources increased by 626 koz and Inferred Resources by 304 koz.

Evidence · text

“The update represents a 626koz, or 13%, increase in the project’s Indicated Resources, and a 304koz, or 76%, increase in the Project’s Inferred Resources”

Category Upgradepositive

Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: The ANV deposit demonstrated a high conversion of Inferred Resources to Indicated Resources.

Evidence · text

“The 2025 drilling programme has successfully extended the ANV Mineral Resource along strike and at depth, whilst demonstrating a high conversion of Inferred Resources to Indicated Resources.”

QP/CP Signedpositive

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: The scientific and technical contents of this press release have been verified and approved by Silvia Bottero, a Qualified Person, and the Updated ANV MRE was undertaken by Mr. Jonathon Abbott, also a Qualified Person.

Evidence · text

“The scientific and technical contents of this press release have been verified and approved by Silvia Bottero, BSc, MSc, a Qualified Person pursuant to NI 43-101. ... The Updated ANV MRE was undertaken by Mr. Jonathon Abbott of Matrix Resource Consultants of Perth, Australia (“Matrix”) who is considered to be independent of Montage Gold. Mr. Abbott is a member in good standing of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the commodity, style of mineralization under consideration and activity which he is undertaking to qualify as a Qualified Person under NI 43-101.”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The Updated ANV MRE is reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“Updated Mineral Resource Estimate for ANV (the “Updated ANV MRE”) is reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Drill hole SDRC204 returned a 1-meter interval grading 129.30 g/t Au, which is an exceptionally high grade.

Evidence · text

“1 meter at 129.30 g/t Au”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release details QA/QC procedures including field duplicates, blanks, and standards inserted into the sample sequence, and review by independent consultants.

Evidence · text

“Field duplicate samples are taken, and blanks and standards are inserted by Montage geologists into the sample sequence at a rate of one of each sample type per 25 samples.”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: The release states the cut-off grade for samples (0.3 g/t Au), minimum composite value (0.5 g/t Au), and maximum interval dilution length (2.0 meters) for exploration drillholes.

Evidence · text

“Results for exploration drillholes reported in this press release used the following parameters: 0.3 g/t Au cut off for samples, 0.5 g/t Au minimum value composite and 2.0-meter maximum interval dilution length.”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: Drill intercepts are reported as downhole lengths without explicit disclosure of true width or drill orientation relative to mineralization.

Evidence · text

“Composite intervals represent apparent downhole thickness”

Maiden Resourceneutral

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: Several satellite deposits, including Gbongogo South, Koban North, Yere North, Lokolo Main, Sena, and Diouma North, had maiden resources delineated in this update.

Evidence · table

“140”

Context: -

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document provides an updated Mineral Resource Estimate for the Koné Project, including the ANV deposit, comparing it to previous estimates.

Evidence · text

“Montage Gold Provides Exploration Update on the Sissédougou Trend at Its Koné Project in Côte d’Ivoire”

Extracted facts

Stored fact records: 39. Some facts used in scoring do not have a stored record.

Drill Results (16)

SDRC204Koné · goldGrade: 3.55Grade Unit: g/tIntercept: 29 mView all details
Link to this fact

Identity

Hole ID
SDRC204
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
3.55
Grade Unit
g/t
Intercept
29 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: High-grade intercept of 29.0 meters at 3.55 g/t Au from the ongoing 2025 drilling program, confirming mineralization continuity.

Positive factors

  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“SDRC204: 29.0 meters at 3.55 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

SDRC204Koné · goldGrade: 43.04Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
SDRC204
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
43.04
Grade Unit
g/t
Intercept
1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Bonanza grade sub-interval of 1 meter at 43.04 g/t Au within SDRC204, indicating very high-grade mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“1 meter at 43.04 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

SDRC204Koné · goldGrade: 13.1Grade Unit: g/tIntercept: 20 mView all details
Link to this fact

Identity

Hole ID
SDRC204
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
13.1
Grade Unit
g/t
Intercept
20 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Exceptional high-grade intercept of 20.0 meters at 13.10 g/t Au from SDRC204, indicating strong mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“20.0 meters at 13.10 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

SDRC204Koné · goldGrade: 129.3Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
SDRC204
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
129.3
Grade Unit
g/t
Intercept
1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Bonanza grade sub-interval of 1 meter at 129.30 g/t Au within SDRC204, representing extremely high-grade mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“1 meter at 129.30 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

SDRC146Koné · goldGrade: 5.78Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
SDRC146
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
5.78
Grade Unit
g/t
Intercept
16 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: High-grade intercept of 16.0 meters at 5.78 g/t Au from SDRC146, confirming strong mineralization.

Positive factors

  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“SDRC146: 16.0 meters at 5.78 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

SDRC146Koné · goldGrade: 28.32Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
SDRC146
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
28.32
Grade Unit
g/t
Intercept
1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Bonanza grade sub-interval of 1 meter at 28.32 g/t Au within SDRC146, indicating very high-grade mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“1 meter at 28.32 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

SDRC207Koné · goldGrade: 4.24Grade Unit: g/tIntercept: 18 mView all details
Link to this fact

Identity

Hole ID
SDRC207
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
4.24
Grade Unit
g/t
Intercept
18 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: High-grade intercept of 18.0 meters at 4.24 g/t Au from SDRC207, confirming mineralization.

Positive factors

  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“SDRC207: 18.0 meters at 4.24 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

SDRC207Koné · goldGrade: 38.82Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
SDRC207
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
38.82
Grade Unit
g/t
Intercept
1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Bonanza grade sub-interval of 1 meter at 38.82 g/t Au within SDRC207, indicating very high-grade mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“1 meter at 38.82 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

SDRC207Koné · goldGrade: 4.24Grade Unit: g/tIntercept: 14 mView all details
Link to this fact

Identity

Hole ID
SDRC207
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
4.24
Grade Unit
g/t
Intercept
14 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: High-grade intercept of 14.0 meters at 4.24 g/t Au from SDRC207, confirming mineralization.

Positive factors

  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“14.0 meters at 4.24 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

SDRC207Koné · goldGrade: 47.7Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
SDRC207
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
47.7
Grade Unit
g/t
Intercept
1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Bonanza grade sub-interval of 1 meter at 47.70 g/t Au within SDRC207, indicating very high-grade mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“1 meter at 47.70 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

RSDRC134Koné · goldGrade: 8.13Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
RSDRC134
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
8.13
Grade Unit
g/t
Intercept
8 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV West area
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: High-grade intercept of 8 meters at 8.13 g/t Au from RSDRC134, showing upside potential towards the ANV west area.

Positive factors

  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“RSDRC134: 8 meters 8.13 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

RSDRC134Koné · goldGrade: 28.32Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
RSDRC134
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
28.32
Grade Unit
g/t
Intercept
1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV West area
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Bonanza grade sub-interval of 1 meter at 28.32 g/t Au within RSDRC134, indicating very high-grade mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“1 meter at 28.32 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

RSDRC109Koné · goldGrade: 8.46Grade Unit: g/tIntercept: 6 mView all details
Link to this fact

Identity

Hole ID
RSDRC109
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
8.46
Grade Unit
g/t
Intercept
6 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: High-grade intercept of 6 meters at 8.46 g/t Au from RSDRC109, showing upside potential.

Positive factors

  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“RSDRC109: 6 meters at 8.46 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

RSDRC109Koné · goldGrade: 22.2Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
RSDRC109
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
22.2
Grade Unit
g/t
Intercept
1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV deposit
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Bonanza grade sub-interval of 1 meter at 22.2 g/t Au within RSDRC109, indicating very high-grade mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“1 meter at 22.2 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

RSDRC124Koné · goldGrade: 4.94Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
RSDRC124
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
4.94
Grade Unit
g/t
Intercept
4 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV West area
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: High-grade intercept of 4 meters at 4.94 g/t Au from RSDRC124, showing upside potential towards the ANV west area.

Positive factors

  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“RSDRC124: 4 meters at 4.94 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

RSDRC124Koné · goldGrade: 15Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
RSDRC124
Project
Koné
Commodity
gold
Region
côte d'ivoire
Reported Region
côte d'ivoire
Ticker
MAU

Geometry

Grade
15
Grade Unit
g/t
Intercept
1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Mining Method
open_pit

Location

Location
ANV West area
Loc. Source
document

QA/QC

Laboratory
Bureau Veritas
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Bonanza grade sub-interval of 1 meter at 15.00 g/t Au within RSDRC124, indicating very high-grade mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • Compositing Transparent

Negative factors

  • Apparent Width Only

Evidence · text

“1 meter at 15.00 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Additionally, an approximately 5 km 2 gold-in-saprolite anomaly has been identified through an extensive auger drilling "

Resource Estimates (23)

indicatedKoné Project · goldTonnes: 3800000Grade: 1.06Grade Unit: g/tContained Metal: 129Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:d4ea29b2edcf2f92b709
Deposit or zone
ANV Deposit

Resource Data

Category
indicated
Tonnes
3800000
Grade
1.06
Grade Unit
g/t
Contained Metal
129
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31
Prior Tonnes
1600000
Prior Grade
1.1
Prior Contained Metal
57

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Indicated Resources at the ANV deposit more than doubled to 129 koz at 1.06 g/t Au, representing significant growth and de-risking for this specific deposit.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • Category Upgrade
  • QP/CP Signed
  • NI 43-101 Compliant
  • Cut-off Disclosed

Evidence · table

“3.8”

Context: 1.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 3800000 against 1600000 previously

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 129 against 57 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 2400000Grade: 1.1Grade Unit: g/tContained Metal: 85Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:111b0b49468e28085c11
Deposit or zone
ANV Deposit

Resource Data

Category
inferred
Tonnes
2400000
Grade
1.1
Grade Unit
g/t
Contained Metal
85
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31
Prior Tonnes
880000
Prior Grade
1.1
Prior Contained Metal
31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Inferred Resources at the ANV deposit more than doubled to 85 koz at 1.1 g/t Au, indicating strong exploration potential and future conversion opportunities.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant
  • Cut-off Disclosed

Evidence · table

“2.4”

Context: 0.88

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 2400000 against 880000 previously

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 85 against 31 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedKoné Project · goldTonnes: 245000000Grade: 0.57Grade Unit: g/tContained Metal: 4490Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:65016cf9593a1e98bbf3
Deposit or zone
Koné deposit

Resource Data

Category
indicated
Tonnes
245000000
Grade
0.57
Grade Unit
g/t
Contained Metal
4490
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31
Prior Tonnes
229000000
Prior Grade
0.59
Prior Contained Metal
4340

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Indicated Resources for the main Koné deposit increased to 245 Mt at 0.57 g/t Au, adding 150 koz of contained gold, demonstrating continued growth and confidence in the core asset.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“245”

Context: 229

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Dilutive Growthnegative

Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.

Why it applies: tonnage rose while contained metal went 4490 from 4340

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 37000000Grade: 0.43Grade Unit: g/tContained Metal: 510Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:171b0ee2c55303822d58
Deposit or zone
Koné deposit

Resource Data

Category
inferred
Tonnes
37000000
Grade
0.43
Grade Unit
g/t
Contained Metal
510
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31
Prior Tonnes
25000000
Prior Grade
0.5
Prior Contained Metal
400

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Inferred Resources for the main Koné deposit increased to 37 Mt at 0.43 g/t Au, adding 110 koz of contained gold, indicating further exploration upside.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“37”

Context: 25

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 37000000 against 25000000 previously

Grade Declinenegative

Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.43 against 0.5 previously

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 510 against 400 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedKoné Project · goldTonnes: 24000000Grade: 1.29Grade Unit: g/tContained Metal: 996Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:78c4b2a06fe08ab26311
Deposit or zone
Satellite deposits

Resource Data

Category
indicated
Tonnes
24000000
Grade
1.29
Grade Unit
g/t
Contained Metal
996
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31
Prior Tonnes
11000000
Prior Grade
1.47
Prior Contained Metal
520

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Indicated Resources for satellite deposits significantly increased to 24 Mt at 1.29 g/t Au, adding 476 koz of contained gold, highlighting the growing importance of these higher-grade zones.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“24”

Context: 11

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 24000000 against 11000000 previously

Grade Declinenegative

Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 1.29 against 1.47 previously

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 996 against 520 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 5500000Grade: 1.09Grade Unit: g/tContained Metal: 194Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:01065daa65bb8ad18308
Deposit or zone
Satellite deposits

Resource Data

Category
inferred
Tonnes
5500000
Grade
1.09
Grade Unit
g/t
Contained Metal
194
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Inferred Resources for satellite deposits increased to 5.5 Mt at 1.09 g/t Au, adding 194 koz of contained gold, indicating strong potential for future resource conversion and expansion.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“5.5”

Context: -

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedKoné Project · goldTonnes: 269000000Grade: 0.63Grade Unit: g/tContained Metal: 5486Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:041e833d20648b936320
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
269000000
Grade
0.63
Grade Unit
g/t
Contained Metal
5486
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31
Prior Tonnes
240000000
Prior Grade
0.63
Prior Contained Metal
4860

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Total Indicated Resources for the Koné Project increased by 626 koz (13%) to 5.486 Moz at 0.63 g/t Au, significantly enhancing the project's overall scale and confidence.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“269”

Context: 240

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 5486 against 4860 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 43000000Grade: 0.51Grade Unit: g/tContained Metal: 704Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:9ce342352264878bba5a
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
43000000
Grade
0.51
Grade Unit
g/t
Contained Metal
704
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31
Prior Tonnes
25000000
Prior Grade
0.5
Prior Contained Metal
400

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Total Inferred Resources for the Koné Project increased by 304 koz (76%) to 704 koz at 0.51 g/t Au, indicating substantial future growth potential.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“43”

Context: 25

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 43000000 against 25000000 previously

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 704 against 400 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedKoné Project · goldTonnes: 12000000Grade: 1.46Grade Unit: g/tContained Metal: 560Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:a0650cf17702f2af6106
Deposit or zone
Gbongogo Main deposit

Resource Data

Category
indicated
Tonnes
12000000
Grade
1.46
Grade Unit
g/t
Contained Metal
560
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31
Prior Tonnes
11000000
Prior Grade
1.47
Prior Contained Metal
520

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Indicated Resources for the Gbongogo Main deposit increased to 12.0 Mt at 1.46 g/t Au, adding 40 koz of contained gold, showing continued growth for this satellite deposit.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“12.0”

Context: 11

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 560 against 520 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 100000Grade: 0.89Grade Unit: g/tContained Metal: 2Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:c0c6a4d269133430ab21
Deposit or zone
Gbongogo Main deposit

Resource Data

Category
inferred
Tonnes
100000
Grade
0.89
Grade Unit
g/t
Contained Metal
2
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Inferred Resources for the Gbongogo Main deposit were added at 0.1 Mt at 0.89 g/t Au, contributing 2 koz of contained gold, indicating new potential.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.1”

Context: -

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedKoné Project · goldTonnes: 3400000Grade: 1.26Grade Unit: g/tContained Metal: 140Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:6bcc3cf5f5eff76b6a33
Deposit or zone
Gbongogo South deposit

Resource Data

Category
indicated
Tonnes
3400000
Grade
1.26
Grade Unit
g/t
Contained Metal
140
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Maiden Indicated Resources for the Gbongogo South deposit were reported at 3.4 Mt at 1.26 g/t Au, adding 140 koz of contained gold, establishing a new high-grade satellite.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“3.4”

Context: -

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 1100000Grade: 1.28Grade Unit: g/tContained Metal: 46Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:26ea98c4d9bb80211d60
Deposit or zone
Gbongogo South deposit

Resource Data

Category
inferred
Tonnes
1100000
Grade
1.28
Grade Unit
g/t
Contained Metal
46
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Maiden Inferred Resources for the Gbongogo South deposit were reported at 1.1 Mt at 1.28 g/t Au, adding 46 koz of contained gold, indicating further potential for this new satellite.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.1”

Context: -

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedKoné Project · goldTonnes: 3900000Grade: 1.07Grade Unit: g/tContained Metal: 133Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:6dec8aee0eb84f0c421d
Deposit or zone
Koban North deposit

Resource Data

Category
indicated
Tonnes
3900000
Grade
1.07
Grade Unit
g/t
Contained Metal
133
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Maiden Indicated Resources for the Koban North deposit were reported at 3.9 Mt at 1.07 g/t Au, adding 133 koz of contained gold, establishing another new high-grade satellite.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“3.9”

Context: -

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 1000000Grade: 0.9Grade Unit: g/tContained Metal: 28Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:6b2ae8c748ebd59a40b1
Deposit or zone
Koban North deposit

Resource Data

Category
inferred
Tonnes
1000000
Grade
0.9
Grade Unit
g/t
Contained Metal
28
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Maiden Inferred Resources for the Koban North deposit were reported at 1.0 Mt at 0.90 g/t Au, adding 28 koz of contained gold, indicating further potential for this new satellite.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.0”

Context: -

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedKoné Project · goldTonnes: 3800000Grade: 1.06Grade Unit: g/tContained Metal: 129Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:ba889b059fc118d05948
Deposit or zone
ANV (Sissédougou) deposit

Resource Data

Category
indicated
Tonnes
3800000
Grade
1.06
Grade Unit
g/t
Contained Metal
129
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Indicated Resources for the ANV (Sissédougou) deposit increased to 3.8 Mt at 1.06 g/t Au, adding 129 koz of contained gold, reflecting significant growth and de-risking.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • Category Upgrade
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“3.8”

Context: -

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 2400000Grade: 1.1Grade Unit: g/tContained Metal: 85Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:6cabb43687175af94a92
Deposit or zone
ANV (Sissédougou) deposit

Resource Data

Category
inferred
Tonnes
2400000
Grade
1.1
Grade Unit
g/t
Contained Metal
85
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Inferred Resources for the ANV (Sissédougou) deposit increased to 2.4 Mt at 1.10 g/t Au, adding 85 koz of contained gold, indicating strong future potential.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.4”

Context: -

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedKoné Project · goldTonnes: 190000Grade: 1.05Grade Unit: g/tContained Metal: 6.4Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:bcdc91c1fa8d52dc2478
Deposit or zone
Yere North deposit

Resource Data

Category
indicated
Tonnes
190000
Grade
1.05
Grade Unit
g/t
Contained Metal
6.4
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Maiden Indicated Resources for the Yere North deposit were reported at 0.19 Mt at 1.05 g/t Au, adding 6.4 koz of contained gold, establishing a new satellite.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.19”

Context: -

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 430000Grade: 1.1Grade Unit: g/tContained Metal: 15Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:3857f4f24544c00dcae5
Deposit or zone
Yere North deposit

Resource Data

Category
inferred
Tonnes
430000
Grade
1.1
Grade Unit
g/t
Contained Metal
15
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Maiden Inferred Resources for the Yere North deposit were reported at 0.43 Mt at 1.10 g/t Au, adding 15 koz of contained gold, indicating further potential for this new satellite.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.43”

Context: -

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedKoné Project · goldTonnes: 300000Grade: 1.61Grade Unit: g/tContained Metal: 16Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:028437d69acf41b2150f
Deposit or zone
Lokolo Main deposit

Resource Data

Category
indicated
Tonnes
300000
Grade
1.61
Grade Unit
g/t
Contained Metal
16
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Maiden Indicated Resources for the Lokolo Main deposit were reported at 0.30 Mt at 1.61 g/t Au, adding 16 koz of contained gold, establishing a new high-grade satellite.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.30”

Context: -

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 110000Grade: 1.1Grade Unit: g/tContained Metal: 4Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:2f5eaaafc015bb035399
Deposit or zone
Lokolo Main deposit

Resource Data

Category
inferred
Tonnes
110000
Grade
1.1
Grade Unit
g/t
Contained Metal
4
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Maiden Inferred Resources for the Lokolo Main deposit were reported at 0.11 Mt at 1.10 g/t Au, adding 4 koz of contained gold, indicating further potential for this new satellite.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.11”

Context: -

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 420000Grade: 1Grade Unit: g/tContained Metal: 14Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:758c645aadd129b9b89d
Deposit or zone
Sena deposit

Resource Data

Category
inferred
Tonnes
420000
Grade
1
Grade Unit
g/t
Contained Metal
14
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Maiden Inferred Resources for the Sena deposit were reported at 0.42 Mt at 1.00 g/t Au, adding 14 koz of contained gold, establishing a new satellite.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.42”

Context: -

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedKoné Project · goldTonnes: 380000Grade: 0.95Grade Unit: g/tContained Metal: 12Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:6bf215657855bb2b8432
Deposit or zone
Diouma North deposit

Resource Data

Category
indicated
Tonnes
380000
Grade
0.95
Grade Unit
g/t
Contained Metal
12
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Maiden Indicated Resources for the Diouma North deposit were reported at 0.38 Mt at 0.95 g/t Au, adding 12 koz of contained gold, establishing a new satellite.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.38”

Context: -

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredKoné Project · goldTonnes: 10000Grade: 1Grade Unit: g/tContained Metal: 0.3Contained Unit: kozView all details
Link to this fact

Identity

Project
Koné Project
Commodity
gold
Region
côte d'ivoire
Reported Region
Côte d'Ivoire
Ticker
MAU

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Silvia Bottero, Jonathon Abbott
Resource group id
resource:d30abeedbbbae5477bf8
Deposit or zone
Diouma North deposit

Resource Data

Category
inferred
Tonnes
10000
Grade
1
Grade Unit
g/t
Contained Metal
0.3
Contained Unit
koz
Cutoff Grade
0.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-31

Lab

Laboratory
Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-06T00:00:00.000Z

Reasoning: Maiden Inferred Resources for the Diouma North deposit were reported at 0.01 Mt at 1.00 g/t Au, adding 0.30 koz of contained gold, indicating new potential.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.01”

Context: -

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

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.