MIDROC GOLD MINE PLC

SAKARO UNDERGROUND MINE

OPERATION

<<<PRESENTATION>>>
07/03/2022 1
 REQUIREMENTS / RESOURCES

07/03/2022 2
 MANPOWER REQUIREMENTS
Required Existing Variance
Position Remarks
Expat Local Expat Local Expat Local
A. MANAGEMENT STAFF:              
Director 1       (1) To be hired
Mine Manager   1     (1) To be hired
Utility Manager   1     (1) To be hired
Planning & Design
1       (1) To be hired
Manager
Mine Planner &
1   1   Existing
Designer
Sub-total 3 2 1 (2) (2)  
B. MINE OPERATION:              
Dev't & Prod's
  4   3 (1) 3 existing, 1 to be hired
Supervisor
16 expats to be hired, 6 locals
MS Operator 16 8   2 (16) (6)
to be promoted from JSMO.
JMS Operator   16   17 1 6 to be promoted to MSO.

JMS Operator Trainee       5 5 5 to be promoted to JMSO.

Blasting Foreman   4   2 (2) 2 locals to be hired.

Sub-total 16 32 29 (16) (3)

07/03/2022 SUMMARY 3
 MANPOWER REQUIREMENTS
Required Existing Variance
Position Remarks
Expat Local Expat Local Expat Local
C. SUPPORT SERVICES:

UG Electrical Engineer   1   1 Existing 

UG Mine Electrician 1       (1) To be hired 

UG Mine Mechanic 1       (1) To be hired
Utility Supervisor   1     (1) To be hired
Utility Foreman   4   1 (3) 1 existing, 3 to be hired
1 existing but light job, 3 to be
Utility Man   4   1 (3)
hired

Pump Man   4     (4) To be hired

Fabricator   2     (2) To be hired

Data Clerk   1   (1) To be hired
Service Driver   4   4 Existing
Bit Grinder & Lamp Room
  4   3 (1) 3 existing, 1 to be hired
Attendant
Attendant I   4   1 (3) 1 existing, 3 to be hired

Sub-total 2 29 11 (2) (18)

07/03/2022 SUMMARY 4
 MANPOWER REQUIREMENTS
Required Existing Variance
Position Remarks
Expat Local Expat Local Expat Local

D. MINE ENGINEERING OPERATION:  

Mining Engineer I   1   1 Existing 

Mine Geologist   1   1 Existing
Junior Mine Geologist   2     (2) To be hired
Mine Surveyor   1   1 Existing
Junior Mine Surveyor   1     (1) To be hired
Mine Sampler   4   2 (2) 2 existing, 2 to be hired
Mine Sampler Trainee   1   1 To be promoted
Data Clerk   1     (1) To be hired
Service Driver   1     (1) To be hired
Raise bore Foreman   1   1 Existing
Raise bore Operator 2       (2) To be hired
Raise bore Helper   4     (4) To be hired
Core Drill Helper 4 (4) To be hired
Core Dill Operator 2 (2) To be hired
Sub-total 2 24 7 (2) (17)  
Total 23 87 1 47 (22) (40)  
Grand Total 110 48 (62)  
07/03/2022 SUMMARY 5
 EQUIPMENT,
MACHINERIES AND
SERVICE VEHICLE
REQUIREMENTS
07/03/2022 6
 EQUIPMENT REQUIREMENTS
Equipment and
UNIT/ REMARKS
machineries
CODE TYPE Location Req’d Act Var (as of
availability at any
No. August 2020)
given time

I. TWIN BOOM JUMBO DRILLS: 

Sakaro
UR-04 TWIN JUMBO DRILL 1 1    Operational
Compound

Sakaro
UR-06 TWIN JUMBO DRILL 1 1    Accident
Compound

Sakaro
UR-09 TWIN JUMBO DRILL 1 1    Operational
Compound

Sakaro
UR-10 TWIN JUMBO DRILL 1 1    Operational
Compound

  Total   4 4   3  
07/03/2022 7
 EQUIPMENT REQUIREMENTS
Equipment and
UNIT/ REMARKS
machineries
CODE TYPE Location Req’d Act Var (as of
availability at any
No. August 2020)
given time

II. SCOOPTRAMS/ LOAD HAUL DUMP(LHD): 

Sakaro
UW-05 SCOOP TRAM/ LHD 1 1    Operational
Compound
Sakaro
UW-07 SCOOP TRAM/ LHD 1 1    Weak
Compound
Sakaro
UW-08 SCOOP TRAM/ LHD 1 1   Operational
Compound

Sakaro Boom cylinder

UW-09 SCOOP TRAM/ LHD 1 1  
Compound problem.

  Total   4 4   3  

07/03/2022 8
 EQUIPMENT REQUIREMENTS
Equipment and
UNIT/ REMARKS
machineries
CODE TYPE Location Req’d Act Var (as of
availability at
No. August 2020)
any given time

III. MINE TRUCKS/ LOW PROFILE TRUCK (MT/ LPT) 

One (1) tire
Sakaro
UD-10 MINE TRUCK/ LPT 1 1   always flat, needs
Compound
new tire.
Sakaro
UD-13 MINE TRUCK/ LPT 1 1   Engine problem.
Compound
Sakaro
UD-15 MINE TRUCK/ LPT 1 1    Breakdown
Compound
Sakaro
UD-16 MINE TRUCK/ LPT 1 1   Battery problem.
Compound
Sakaro Alternator
UD-17 MINE TRUCK/ LPT 1 1  
Compound problem.
Sakaro
UD-20 MINE TRUCK/ LPT 1 1   One(1) tire flat.
Compound
  Total   6 6   5  
07/03/2022 9
 EQUIPMENT REQUIREMENTS
Equipment and
UNIT/ REMARKS
machineries
CODE TYPE Location Req’d Act Var (as of
availability at
No. August 2020)
any given time

IV. CHARGING MACHINES:  

Sakaro Battery problem,
UC-03 CHARGER 1 1    
Compound overheating.

Canopy
Sakaro malfunction,
UC-06 CHARGER 1 1  
Compound abnormal
revolution.

  Total   2 2   2  

07/03/2022 10
 EQUIPMENT REQUIREMENTS
Equipment and
UNIT/ REMARKS
machineries
CODE TYPE Location Req’d Act Var (as of
availability at any
No. August 2020)
given time

V. SCALING MACHINE:  
Sakaro  Battery problem,
US-03 SCALER 1 1  
Compound overheating.

Sakaro  Canopy malfunction,

US-05 SCALER 1 1    
Compound abnormal revolution.

  Total   2 2   2  
VI. UTILITY MACHINE:            
Fuel injection
Sakaro
UC-04 CHARGER/ UTILITY 1 1   problem as per
Compound March 2018 report.
  Total   1 1   1  
07/03/2022 11
 EQUIPMENT REQUIREMENTS

Equipment and
UNIT/ REMARKS
machineries
CODE TYPE Location Req’d Act Var (as of
availability at
No. August 2020)
any given time

VII. DOZER:            
 Mech’l & elect’l
LD-83 KOMATSU DOZER Sakaro Compound 1 1  
problem

  Total   1 1   1  

VIII. BACKHOE LOADER: 

UW-30 BACKHOE LOADER Scrap Yard 1 1    Breakdown.

  Total   1 1   1  

07/03/2022 12
 MACHINERIES

07/03/2022 13
 MACHINERIES REQUIREMENTS
Equipment and
UNIT/ REMARKS
machineries
CODE TYPE Location Req’d Act Var (as of
availability at
No. August 2020)
any given time

I. GENERATOR SETS (GenSet): 

 Mechanical
17 GenSet Sakaro Compound 1 1    
problem.

18 GenSet Sakaro Compound 1 1    Operational

 Electrical
20 GenSet Sakaro Compound 1 1  
problem.

  Total   3 3   2  

07/03/2022 14
 MACHINERIES REQUIREMENTS
Equipment and
REMARKS
UNIT/ machineries
TYPE Location Req’d Act Var (as of
CODE No. availability at any
August 2020)
given time

II. TRANSFORMERS: 
Compact Transformer, Surface, 2nd
1 1    Operational.
1250 KVA Portal

Compact Transformer, Niche-6, 2nd  To be

1 1  
630 KVA Decline reconditioned.

  Compact Transformer, Niche-3, 1st

1 1    Standby.
630 KVA Decline
Compact Transformer, Niche-9, 1st
1 1    Operational.
1250 KVA Decline
Compact Transformer, 1820 Sub-Sta,
1 1    Operational.
1250 KVA 1st Decline
  Total   5 5   4  
07/03/2022 15
 MACHINERIES REQUIREMENTS
Equipment and
REMARKS
UNIT/ machineries
TYPE Location Req’d Act Var (as of
CODE No. availability at any
August 2020)
given time

III. AIR COMPRESSOR: 

Air Compressor, GA
2nd Portal  To be
  132+ with Air Cylinder 1 1    
Front yard commissioned.
(Pressure Vessel)

Operational for
Portable Air Compressor Sakaro
  1 1   bit grinding
(Engine Driven) Compound
machine.

Sakaro HD
Portable Air Compressor
  Maintenance 1 1    Operational.
(Electric Driven)
Shop

  Total   3 3   2  
07/03/2022 16
 MACHINERIES REQUIREMENTS
Equipment and
UNIT/ REMARKS
machineries
CODE TYPE Location Req’d Act Var (as of
availability at any
No. August 2020)
given time
IV. BIT GRINDING MACHINE: 
Sakaro Lamp &
Bit Grinding Machine
  Bit Grinding 2 2    Operational.
(Electric Driven)
Machine Room
  Total   4 4   1  
V. FANS:            
Electric Fan Starter, 380V 1820L VIS  To be
  1 1  
Dual 55 KW Motor Opening reconditioned.
Electric Fan Starter, 380V  To be
  1820L Exhaust 1 1  
Dual 55 KW Motor reconditioned.
Electric Fan Starter, 380V 1755L V2 AR  To be
  1 1  
Dual 55 KW Motor Opening reconditioned.
Electric Fan Starter, 380V 2nd Decline
  2 2    Operational.
Dual 55 KW Motor Portal
Electric Fan Starter, 380V 1910L RB  To be
  1 1  
Dual 55 KW Motor Opening reconditioned.
  Total   6 6   6  
07/03/2022 17
 MACHINERIES REQUIREMENTS
Equipment and
UNIT/ REMARKS
machineries
CODE TYPE Location Req’d Act Var (as of
availability at any
No. August 2020)
given time
XIV. WATER PUMPS:            
 To be
Cafeteria Reservoir 1 1   1
reconditioned.
Stalker Electric
Niche-6, Main Decline 1 1   1  Operational.
Pump, 90KW with
Motor & Base Niche-10, Main Decline 1 1   1  Operational.
Main Store 1 1   1  
  Niche-2 Main Decline 1 1   1   Operational.
Niche-11, 1820L 1 1   1   Operational.
Grindex Electric Assembling of unit
  1 1   1
Pump, 41KW is on-going.
PR initiated for
  2   -2 2 dewatering of
1755L and spare.
07/03/2022 18
 MACHINERIES REQUIREMENTS
Equipment and
UNIT/ REMARKS
machineries
CODE TYPE Location Req’d Act Var (as of
availability at any
No. August 2020)
given time

Assembling of unit
Niche-1, 1820L 1 1   1
is on-going.

Grindex Electric
 
Pump, 10.2 KW

PR to be initiated
  2   -2 2
for face pump

  Total   12 8 -4 12  
07/03/2022 19
 SERVICE VEHICLES REQUIREMENTS
ITEM DESCRIPTION REQUIRED ACTUAL VARIANCE STATUS / REMARKS

Existing, two (2) units not

Double Cab Service Pick- operational for mine operation
1 7 7 0
up section. One (1) not operational
for exploration section.

Not operational (shuttle service

2 10-Seater Land Cruiser 1 1 0 for incoming and outgoing 2-
long shifts).

To be provided (for UG shuttle

3 13-Seater Land Cruiser 1   (1)
service).

To be provided (for explosive

4 Single Cab Land Cruiser 1   (1)
transportation).

  Sub-total 10 8 (2)  
07/03/2022 20
 SAFETY
REQUIREMENTS

07/03/2022 21
 SAFETY REQUIREMENTS
I.Personal Protective Equipment (PPE)
Hard Hat
Cap Lamp (light with battery)
Hearing Protector
Safety Goggles
Snug Coverall (with reflection tape)
Self-Rescuer
Ankle Strap
Steel-toed Boots
Drinking Water
Dust Mask
Safety Gloves
 

07/03/2022 22
 SAFETY REQUIREMENTS
II. Communication
Telephone
Radio 
III. First Aid Facility
Refuge Chamber
Portable Toilet 
IV. Underground Mobile
Service Vehicle (back-up when ambulance is not available)
Ambulance 

07/03/2022 23
 SAFETY REQUIREMENTS
 
V. First Aid Training - All underground
personnel are required to undergo first
aid training.
VI. Fire Fighter - Required a team for fire
fighter.
VII. Provide medical kit of all active headings
that are far from the refuge chamber..

07/03/2022 24
07/03/2022 25
 COMMUNICATIONS

RADIO TELEPHONE
07/03/2022 26
REFUGE CHAMBER STATION AND SCAPE ROUTE LOCATION

07/03/2022 2D VIEW 27
REFUGE CHAMBER STATION AND SCAPE ROUTE LOCATION

Depth = 86.5 m. @ 75°

07/03/2022 3D VIEW 28
 REFUGE CHAMBER

07/03/2022 29
 STEEL LADDER 1.00 m.

STAIRWELL

FOR SCAPE
1.00 m.

TOP VIEW
TOP VIEW

ROUTE / LANDING / PLAT FORM

MANWAY
RAISE

FRONT VIEW
1.00 m.
FRONT VIEW
SIDE VIEW
1.00 m.
SIDE VIEW

07/03/2022 30
 SCAPE ROUTE / MANWAY RAISE

07/03/2022 31
 PORTABLE TOILET FOR UNDERGROUND

07/03/2022 32
 PRODUCTION
REPORT
YEAR 2018

07/03/2022 33
 BUDGET VS. MILL REPORT COMPARISON
  YEAR 2018
TOTAL
  MONTH JAN FEB MAR APR          
  DAYS 31 29 31 30           121
PLAN                      
Ore t 15,288 13,808 15,288 14,795
59,178
Gold
g/t 3.00 3.00 3.00 3.00 3.00
Grade
Gold Kg 45.86 41.42 45.86 44.38 178
ACTUAL            
Ore t 15,323 13,598 14,746 11,967 55,634
Gold
g/t 2.39 3.06 3.91 1.84 2.84
Grade
Gold Kg 35.49 40.37 56.36 21.09 153
VARIANCE                      
Ore t 35 (210) (542) (2,828) (3,544)
Gold
g/t (0.61) 0.06 0.91 (1.16) (0.16)
Grade
Gold Kg (10.37) (1.05) 10.50 (23.29) (24)

07/03/2022 34
 BUDGET VS. MILL REPORT COMPARISON

20,000

10,000
ORE , TONS

(10,000)

(20,000)
JAN FEB MAR APR

PLAN ACTUAL VARIANCE

07/03/2022
2018 35
 BUDGET VS. MILL REPORT COMPARISON

10.00
8.00
6.00
4.00
GOLD GRADE, g/t

2.00
0.00
(2.00)
(4.00)
(6.00)
(8.00)
(10.00)
JAN FEB MAR APR

PLAN ACTUAL VARIANCE

07/03/2022
2018 36
 BUDGET VS. MILL REPORT COMPARISON

100.00

75.00

50.00

25.00
GOLD , kg

0.00

(25.00)

(50.00)

(75.00)

(100.00)
JAN FEB MAR APR

PLAN ACTUAL VARIANCE

07/03/2022
2018 37
 DEVELOPMENT AND
STOPE STATUS

07/03/2022 38
 STOPE STATUS OF VEIN-2 (1960EL-1755L)
AND DEVELOPMENT STATUS OF VEIN-1 (1820L & 1755L)

V2

1755L

V1 1820L

V1a

07/03/2022 COMPOSITE PLAN 39

 STOPE STATUS OF V-2 (1960EL-1755L)
AND DEVELOPMENT STATUS OF V-1 (1820L & 1755L)
RAR
MD
1960 EL.

MINED-OUT
(1820 L-1960 EL

1820L
1820 L
REMNANTS
1755L (1755 L-
1800 L)

V1 V1 V2
a

From MD Portal (e. 2075) to 1860L = 1,550 m.

From RAR Portal (el. 2042) to 1860L = 1,310 m.
Production Ramp (from all levels as shown) = 4,740 m.
Lateral Drive (from all levels as shown) = 6,554 m.
Total = 14,154 m.

07/03/2022 IDEALIZED LONGITUDINAL SECTION 40

 DRILLING PATTERN

07/03/2022 41
 DRILLING PATTERN

07/03/2022
4M. X 4M. LD 42
07/03/2022
LONGITUDINAL SECTION 43
 4.00
0.70 – 0.80

USING 48MMØ DRILL BIT

FOR 42 BLAST HOLES

SOLID OREBODY 5.00

SILL DRIFT OPENING

4.00

07/03/2022
TYPICAL CROSS SECTION 44
 MINING CYCLE

07/03/2022 45
 SAKARO UNDERGROUND DEVELOPMENT
MINING CYCLE
ITEM ACTIVITIES DURATION (Hrs.)
1 Blast hole drilling (66-70 holes for 5.0m x 5.5m) 4
2 Charging & Blasting 2
3 Smoke Dissipation 3
4 Water Down Muck (WDM) / Spray water on blasted portion 0.5
5 Hand Scaling / Barring down 1
6 Initial Muck Removal (IMR) & Hauling (45 mins./ cycle) 3
7 Smoke Dissipation at mid of Initial Muck Removal (IMR) 1
8 Resume Initial Muck Removal & Hauling (45 mins./ cycle) 3
9 Smoke Dissipation 1
10 Mechanical Scaling 2
11 Final Muck Removal (FMR) & Hauling (45 mins./ cycle) 1
12 Smoke Dissipation 1
Marking of survey controls (Center line, grade line & stations)/ Geology
13 1.5
evaluation
TOTAL   24
The total time spent during smoke dissipation in one (1) round of blast is six (6) hours. This should be
reduced by boring exhaust holes to improve ventilation.
07/03/2022 46
 1-YEAR
MINE PLAN

07/03/2022 47
 SAKARO UNDERGROUND DEVELOPMENT AND PRODUCTION PROGRAM
 

DEVELOPMENT AND STOPING ACTIVITIES (Assumed dewatering at 1755L is completed):

Continue development and stope preparation from 1755L to 1910EL (phase-1) utilizing two (2) expat crews and concurrent activities with stoping to be
manned by two (2) local crews of the remaining slices / cuts at 1765el to 1780el of veins-2 , 21 and continue sill drifting of vein-1 at 1755L and resume
stoping at 1820L as shown on the attached drawing on phase-1. While raise boring activity is dependent on the availability of stations / chambers to be
done by development crews.
1. Expat crew #1 to start at vein-1, 1820L development and stope preparation:
 Drive attack ramp at midway of existing vein-1 perpendicular towards footwall side or eastside of the vein to connect at proposed production ramp
and prepare raise bore station of 1820 level development.

2. Expat crew #2 to start driving of 1st and 2nd decline connecting ramp and transformer station to relocate the existing at niche-6 along 2 nd decline
due moisture content of the station. From 2nd decline, drive raise bore station access to prepare RB station at 1910L.

Next activities, the crew will concentrate at vein-1, 1755L development and stope preparation:
 Drive attack ramp at midway of existing vein-1 perpendicular towards footwall side or eastside of the vein to connect at proposed production ramp and prepare
raise bore station of 1755 level development.

3. Local crew #1 to resume stoping at vein-2 & vein-21,1755L:

 Vein-2 back el. 1765 -1780 or 3 slices / cuts remaining
 
4. Local crew #2 to resume remaining SDV1S, 1755L and stoping at V1S, 1820L:
 Continue SDV1S with a remaining length of 210 meters ore drive.
 

07/03/2022 48
 SAKARO UNDERGROUND DEVELOPMENT AND PRODUCTION
PROGRAM

 Resume Bench Stoping of V1S (back el. 1830-1840 el.) with remaining height of 20 meters according to geology but
WAI projection was until 1910 elevation. This should be reviewed and decided at once and may be needs
confirmation drilling above 1820L.

5. This approach is composed of the following criteria to be considered in developing and preparing the stopes of veins-1
and 2.
 Assumed 2 meters per day advance of development in every crew which equivalent to 4 meters per day advance,
120 meters per month and 1,440 meters per year.
 
 Production Plan is 180,000 tonnes yearly target or 15,000 tonnes monthly target or 500 tpd @ 3g/t-Au.
 
 For expat manpower requirements, it requires 16 men including rest day replacement and vacation leave in 2-
long shift basis. While local manpower requires 24 men including rest day replacement and absenteeism in 3-shift
system basis.
 

07/03/2022 49
 SAKARO UNDERGROUND DEVELOPMENT AND PRODUCTION
PROGRAM

6. Mine Direct Labor for four (4) crews per shift:

 To achieve what is being planned in both development meterage and production tonnage and Au Grade, the
following personnel per shift to perform the necessary tasks:
o 1 - Supervisor per shift;
o 2 - Jumbo operators;
o 2 - LHD operators;
o 4 - Mine Truck operators;
o 2 - Miners for charging, scaling and roof and sidewalls support.
o 2 - Raise bore operators as required.
o 1 - Electrician to assist of any problem arises during the shift operation.
o 1 - Mechanic to assist of any problem arises during the shift operation.
o 1 - Pipe man includes other service lines as required and to be assisted by operators available.
o 1 - Pump man also can assist service lines installation as required.

 Expat support services manpower requirements are 1 expat Electrician, 1 expat Mechanic and 2 Raise bore
Operators.
 Local support services manpower requirements on pumping, pipe fitting, fan set-up and vent ducting, power line lay-
out extension and roadway maintenance.

07/03/2022 50
 SAKARO UNDERGROUND DEVELOPMENT AND PRODUCTION
PROGRAM

7. Water supply for surface and underground use and potable water shall be available.
8. Power supply from EEPCo shall be available and GENSETS will serve as back-up or spare during emergency cases.
9. Explosive supplies shall be available in every shift.
10. Rock bolt support shall be available as required.
11. Service lines (vent duct, water supply & power supply) accessories shall be available as required.
12. Refuge Chamber will be decided.
13. Required equipment and machineries shall be available at any given time:
 Two Boomer Jumbo Drill - 3 units
 Scoop Tram - 3 units
 Dump Truck - 5 units
 Charger - 2 units
 Scaler - 2 units

14. Requires dedicated Maintenance Planner.

07/03/2022 51
 SAKARO UNDERGROUND DEVELOPMENT DESIGN BY PHASE
Portal1, el. 2075
SCAPE ROUTE
(1st Decl., MD)

VENT RAISES Portal2, el. 2042

1960EL (2ND Decl., RAR)
1910L
MINED-OUT
1860L (1820L–1960EL)
PHASE-1 (V1) 1835L
(1910L-1755L) 1820L 1820L
1800L
REMNANTS
(1755L-1800L)
1755L V1 1755L
PHASE-2 (V1)
(1755L-1635L) V2
1695L 1695L PHASE-3 (V2)
(1755L-1600L)

V1a 1635L
1635L
1600L

From 1st Decline Portal to 1860L = 1,550 m.

From 2nd Decline Portal to 1860L = 1,310 m.
Production Ramp (all levels as shown) = 4,740 m.
Lateral Drive (all levels as shown) = 6,554 m.

07/03/2022 IDEALIZED LONGITUDINAL SECTION 52

 SAKARO UNDERGROUND DEVELOPMENT DESIGN BY PHASE

v2

v1

V1a

07/03/2022 IDEALIZED CROSS SECTION 53

 SAKARO UNDERGROUND DEVELOPMENT DESIGN BY PHASE

V2

V1

V1a

07/03/2022 COMPOSITE PLAN 54

1-YEAR SAKARO UNDERGROUND DEVELOPMENT SCHEDULE
(PHASE-1)

07/03/2022 55
GANTT CHART
 SAKARO UNDERGROUND DEVELOPMENT METERAGE
2021
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total

  31 29 31 30 31 30 31 31 30 31 30 31 366 

Production Ramp         20 54 94 124 120 124 120 67 722

Attack Ramp 62 58 79 60 62 1           25 347

Niche/ Maneuvering Bay /
        14 7 20         20 60
Muck Bay
Sill drift 62 58 62 20                 202

Access   57 33 48 16 44           13 210

Raise bore Station 62 1 13 13   13             101

Reamer Station         13 3 10           25

Exploration Drilling Station                          

Total Development
186 174 186 140 124 120 124 124 120 124 120 124 1,666
Meterage

07/03/2022 SUMMARY 56
 SAKARO UNDERGROUND DEVELOPMENT TONNAGE

2021
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
  31 29 31 30 31 30 31 31 30 31 30 31  
Total Dev't Ore Tonnage
2265 2119 2265 731                 7,381
Generated
Total Dev't Waste
7128 6669 7128 6340 6263 6061 6263 6263 6061 6263 6061 6263 76,760
Tonnage Generated
Combined Total Tonnage
9394 8788 9394 7071 6263 6061 6263 6263 6061 6263 6061 6263 84,141
Generated

07/03/2022 SUMMARY 57
 1-YEAR SAKARO UNDERGROUND RAISEBORING SCHEDULE
(PHASE-1)

07/03/2022 58
07/03/2022 59
07/03/2022 60
 1-YEAR SAKARO MINE PRODUCTION PLAN

Month
Total
Description UOM Budget
Jan Feb March April May June July Aug Sept Oct Nov Dec 2021
31 28 31 30 31 30 31 31 30 31 30 31

Production &
                           
Dev't Ore

Tonnage tons 15,288 13,808 15,288 14,795 15,288 14,795 15,288 15,288 14,795 15,288 14,795 15,288 180,000

Gold Grade g/t-Au 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00

Metal  
Content 46 41 46 44 46 44 46 46 44 46 44 46 540

07/03/2022 SUMMARY 61
 REVENUE
The 2021mine production plan is 180,000
tons at 3.00 g/t-Au mill grade, 540 kg. or
19,048 ounces of gold will be produced
which will generate a revenue of 36.86
million US dollars or 1.32 billion birr with
assumed gold price of USD 1,935/0unce.
Combined ore tonnage will be generated
from the exploration/ development drives
and stoping grounds.
07/03/2022 SUMMARY 62
 THE
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 THANK YOU !!!

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