PROJECT

Projects

Summary of Investment Information

Project Number

36754

Company Name

Roxgold Inc

Date SPI Disclosed

Jun 24, 2015

Country

Burkina Faso

Region

Africa

Projected Board Date

Aug 25, 2015

Environmental Category

A - Significant

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Gbl Infrastructure & Natural Resources

Industry

Metals and Mining

Previous Events

Approved : Aug 27, 2015
Signed : Sep 1, 2015
Invested : Sep 7, 2015

Sector

Gold

Project Description

Roxgold Inc. (“Roxgold”) is a Toronto-based gold exploration and development company listed on the TSX Venture Exchange under the symbol “ROG”, focused on the development and further exploration of the Yaramoko Gold project (“Yaramoko” or the “Project”). The Project lies within the mineral-rich Hounde greenstone belt which is host to other successful gold mines.

The Project holds a NI 43-101 standard compliant total resources of 1.1 million ounces at a cut off grade of 5 grams per ton of gold. The resource includes 0.76 million ounces of reserves in the probable class (2.0 million tons at 11.83 grams per ton of gold), derived from the indicated resources class. The resources are based on only the 55 Zone, which is just one of the many prospective targets within Yaramoko’s 196km2 license. Yaramoko will be a high grade and low cost underground gold mine producing an average of 97,000 ounces per year over a 7.60 year life of mine.

Associated Advisory Engagement

Potential scope for Advisory Services engagement is under review.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation