CHEGUTU DUMP PROJECT # 1 CASHFLOW PROJECTIONS

Estimated tonnage,tons 75
Average leachable grade, g/t 2.1
Extraction scenarios 60% 75% 90%
Extraction,g/t 1.26 1.575 1.89
Total Au Extracted,g 94.5 118.125 141.75
Projected price Au/g,USD $ 40.70

Projected Revenue,USD $ 3,846.15 $ 4,807.69 $ 5,769.23

EXPENDITURE
Ore haulage $ 940.00 $ 940.00 $ 940.00
Excavation & loading $ - $ - $ -
Tank offloading $ 150.00 $ 150.00 $ 150.00
Labour $ - $ - $ -
Reagents
NaCN $ 230.00 $ 230.00 $ 230.00
NaOH $ 40.00 $ 40.00 $ 40.00
Acarb $ - $ - $ -
Tank Hire $ 300.00 $ 300.00 $ 300.00
Sample Analysis $ 10.00 $ 10.00 $ 10.00
Fuel $ 120.00 $ 120.00 $ 120.00
Penalties $ - $ - $ -
Elution charges $ 600.00 $ 600.00 $ 600.00

Total Expenses $ 2,390.00 $ 2,390.00 $ 2,390.00

Gross Profit $ 1,456.15 $ 2,417.69 $ 3,379.23

MAZOWE DUMP LEACH PROJECT SCHEDULE OF EXPENSES

Expenditure Item Cost/USD Contribution

Madhiri Snr Tawanda
Ore Haulage $ 940.00 $ 970.00
Excavation & Loading $ -
Tank Offloading $ -
Reagents
NaCN $ 230.00 $ 230.00
NaOH $ 40.00 $ 40.00
Carbon $ -
Labour $ -
Fuel $ -
Sample Analysis $ -
Penalties(Police) $ -
Tank Hire $ -
Groceries for working team $ -
Elution boiler charges $ -
First truck service & licensing $ -

Total to date $ 1,210.00

CHEGUTU DUMP PROJECT #1 CAPITAL BUILD UP

Amount Contributor
USD
$ 350.00 Tawanda
$ 150.00 Tawanda
$ 250.00 Tawanda
$ 190.00 Tawanda
$ 30.00 Tawanda
$ 10.00 Tawanda

$ 980.00