CHEGUTU DUMP PROJECT # 2 CASHFLOW PROJECTIONS

Estimated tonnage,tons 300

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 378 472.5 567
Projected price Au/g,USD $ 43.00

Projected Revenue,USD $ 16,254.00 $ 20,317.50 $ 24,381.00

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

Total Expenses $ 720.00 $ 720.00 $ 720.00

Gross Profit $ 15,534.00 $ 19,597.50 $ 23,661.00

MAZOWE DUMP LEACH PROJECT SCHEDULE OF EXPENSES

Expenditure Item Cost/USD Contribution

Madhiri Snr Tawanda
Ore Haulage $ - $ 970.00
Excavation & Loading $ -
Tank Offloading $ -
Reagents
NaCN $ - $ 230.00
NaOH $ - $ 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 $ -
CHEGUTU DUMP PROJECT #1 CAPITAL BUILD UP

Amount Contributor
USD
$ 500.00 Tawanda
$ - Tawanda
$ - Tawanda
$ - Tawanda
$ - Tawanda
$ - Tawanda

$ 500.00