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Amani Gold Ltd.

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Summary

Project:

Giro

Deposit:Kebigada
Location:Democratic Republic Of The Congo
Commodities:Gold
Date:3/19/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:19-3-2020: Amani Gold Ltd. announces a Resource Estimation report for its Kebigada deposit at the Giro project. Updated Mineral Resource Estimate at Kebigada. Amani Gold Limited (“Amani”) is pleased to announce a substantial upgrade of the Kebigada gold d
Resources:(Resource, I+I): 45.62Mt @ 1.46g/t Au at project total
CP/QP:[Resources]: Arnold van der Heyden (H&S Consultants Pty Ltd.)
ABSTRACT:Amani Gold Limited (“Amani”) is pleased to announce a substantial upgrade of the Kebigada gold deposit Mineral Resource to 124Mt @ 1.03g/t Au, for 4.1Moz gold (0.5g/t Au cut-off grade), within the Giro Gold Project (Figures 1 and 2, Table 1). New MRE represents a 28% or 0.8Moz increase in contained gold over previous estimate of 75Mt @ 1.18g/t Au, for 2.9Moz gold (0.6g/t Au cut-off grade, Table 3, see ASX Announcement 27 August 2017). Consistent gold exploration at the Giro Gold Project at Kebigada and Douze Match continues to provide ongoing success in terms of gold exploration results and project scale. The Giro Gold Project comprises two exploration permits covering a surface area of 497km² and lies within the Kilo-Moto Belt of the DRC, a significant under-explored greenstone belt which hosts Randgold Resources’ 17 million-ounce Kibali group of deposits within 35km of Giro (Figure 1). The nearby Kibali Gold Project produces in excess of 600,000 oz gold per annum.

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