Lelumodi North

Limited drilling has been carried out at the northern strike extension of Lelumodi (Lelumodi North, Figure 20). Broad mineralized zones have been successfully identified, with a best intersection of 43m @ 2.12g/t.

Based on drilling to date a resource has been defined as follows:

Area Cut off(g/t) Category Tonnes(t) Grade(g/t) Ounces(oz)
Lelumodi North 0.5 Indicated 1,150,062 2.34 86,589

Limited drilling has been carried out at the northern strike extension of Lelumodi (Lelumodi North, Figure 20). Broad mineralized zones have been successfully identified, with a best intersection of 43m @ 2.12g/t.

The current drilling status at Lelumodi North is shown in Figure 20. This shows that only a portion of the anticipated resource has been drilled to date. As a result of the excellent geological control and the open-ended nature of the mineralized zones at Lelumodi North, BMRE has also provided Exploration Target estimates for he area. This target is anticipated to be in the range of 1.5 to 3 Mt at an average grade of 2 to 2.5 g/t (Note: Figures are expressed as ranges to reflect uncertainty in the estimate). Additional drilling is required to upgrade these figures to JORC resource status.