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BRIEFS

Predictive Discovery has strengthened its land position within
Guinea’s Siguiri Basin

Predictive exPands in Guinea chief executive Richard P. Clark said.

The acquisition of the Argo and Bokoro exploration permits “With positive political change in Sudan progressing, the
has strengthened Predictive Discovery Ltd’s land position company is confident of securing development financing in the
within Guinea’s Siguiri Basin. coming months; discussions are ongoing.”
Argo (58sq km) and Bokoro (100sq km) are directly along strike Block 14 currently hosts 79.94mt @ 1.11 g/t gold for 2.85 moz,
from the Bankan gold project within the Kaninko and Saman with the 13.6-year project estimated to produce 167,000 ozpa.
permits where Predictive has continued to expand its gold The first seven years will see 5.8 mtpa @ 1.49 g/t gold for
discoveries through RC, diamond and power auger drilling. 228,000 ozpa produced.
There is known artisanal gold workings at Argo, but neither Pre-production capital of $US321 million ($US179 million
of Predictive’s new permits have received any systematic sustaining capital) was estimated in the revised feasibility study,
exploration. which factored in a base case gold price of $US1,350/oz.
“These new permits ensure that the company can continue to Life-of-mine cash costs of $US676/oz and AISC of $US751/
explore for potential north-south mineralised zones well to the oz were guided for Block 14, which boasted NPAT of $US607
north of the NE Bankan and Bankan Creek gold discoveries, million, IRR of 33.3% and payback period of 2.9 years.
with the north-south strike length under Predictive’s control Resolute Mining Ltd is a significant shareholder in Orca with
now doubled to approximately 35km and the total ground 15.7%.
position expanded to 358sq km,” the company stated.
MOre drillinG in the MakinG fOr MakO
Orca sees uPside in sudan Mako Gold Ltd reported extensions to the gold mineralised

An updated feasibility study has delivered material zone on the Tchaga prospect by a further 250m north, along
improvements in operating costs at TSXV company Orca Gold strike, and intersected a “modest” zone of mineralisation 80m
Inc’s 70%-owned Block 14 gold project in the Republic of Sudan. south of positive 2018 drill results on Tchaga North.
“The revised feasibility study clearly demonstrates the improved A programme of 10,000m RC and diamond drilling was ongoing
economics and scope of the proposed development and at the company’s Napié project in Côte d’Ivoire at the time of
operation at Block 14 following the early works engineering print.
and selection of LNG to fuel the power station. At a production Almost half the assays of the planned 90-hole drill programme
rate of almost 230,000 ozpa for the first seven years, a low have been received, with Mako indicating a larger drilling
production cash cost per ounce and a significant exploration programme would follow in January once the current campaign
upside, this project stands out on an international scale,” Orca concluded in December.

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