Page 377 - NEWGEN21-Proceedings-Full

EXPLORATION HISTORY

Fortuna Discovery Timeline: >1Moz of Reserves delivered in 2 years

December 2020 –
April 2019 – Roxgold Exploitation Permit awarded.
assumes control of the June 2021 – Gabbro North
Séguéla project & December 2019 – April 2020 – December 2020 – Maiden discovery announced, including
commences Resource First Ancien Séguéla PEA: after- Indicated Resources for: Ancien 8m @ 39.0 g/t Au in SGRC1152.
infill drilling at results, including tax NPV of (250koz @ 5.4 g/t Au) Agouti
Antenna, Boulder and 23m @ 19.7 g/t Au US$268M and 66% (111koz @ 2.4 g/t Au) Boulder September 2021 –
Agouti. in SGRC329. IRR. (97koz @ 1.7 g/t Au). Maiden Fortuna Board approves
Inferred Resource for: Koula construction of the
(281koz @ 8.1 g/t Au). Séguéla Gold Project.

2019 2020 2021

July 2019 – Maiden Antenna
Indicated Resource: 496koz September 2020 – Koula April 2021 – July 2021 – Fortuna Silver
@ 2.4 g/t Au. discovery, including 19m @ Sunbird discovery, Mines Inc acquires
26.1 g/t Au in SGRC877. including 13m @ Roxgold Inc
15.6 g/t Au in
SGRC1099.
January 2020 – Maiden September 2020 –
Inferred Resources for: Environmental Permit April 2021 – Séguéla
Ancien (224koz @ 6.6 g/t Au) awarded. Feasibility Study delivered –
Agouti (110koz @ 2.6 g/t Au) after-tax NPV of US$380M and
Boulder (72koz @ 1.2 g/t Au).
49% IRR. Maiden Reserves of
1.09Moz @ 2.8 g/t Au.