View settings100% · M+I+I · Resources excl. reserves · Native commodities

Reporting assumptions

These choices persist and are added to shared URLs.

Ownership basis

Show the full project inventory before ownership adjustment.

Display scale

Display contained quantities in millions of ounces or tonnes.

Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

Primary view: each commodity in its own contained unit (oz / t).

Bilboes

Matabeleland North, Zimbabwe · Developing · 100.0% ownedUnverified

Current R&R by category

Whole-project rollup at the latest vintage per category: printed project-level rows are preferred, and mining areas are summed (tonnes-weighted grade) only where the issuer prints no project-level row. Per-area and per-source detail in the Current R&R table below.

Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at
Measured	6.53 Mt	2.43 g/t	0.51 Moz	31 Dec 2025
Indicated	39.22 Mt	1.97 g/t	2.49 Moz	31 Dec 2025
Inferred	28.02 Mt	1.71 g/t	1.54 Moz	31 Dec 2025
Total Resources	73.77 Mt	1.92 g/t	4.55 Moz	31 Dec 2025
Proved	3.50 Mt	2.21 g/t	0.25 Moz	31 Dec 2025
Probable	20.60 Mt	2.26 g/t	1.50 Moz	31 Dec 2025
Total Reserves	24.10 Mt	2.26 g/t	1.75 Moz	31 Dec 2025

Cut-off grade

0.5000 g/t Au · 0.9000 g/t Au · 0.5600 g/t Au

Price assumption

US$3000.00/oz · US$2400.00/oz · US$2190.00/oz

JORC code year

—

Peer benchmark — developing Au projects (284 with resources)Resource size P83Resource grade P77View on grade-tonnage chart →

Percentile of this project's current total Resource among covered peers (P100 = largest / highest grade). Basis and Inferred toggles apply.

Data quality

Latest source: 20-F: FORM 20-F · 31 Dec 2025
Reporting code: SK-1300
Convention: exclusive
Currency assumption: US$

Current R&R

Resources

Area	Category	Tonnes (Mt)	Au		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at	Source	Provenance
Total	Total Resources	73.77 Mt	1.92 g/t	4.55 Moz	31 Dec 2025	derived from 15 rows Measured: Bilboes – Measured and Indicated mineral resource estimates for 2025 (Measured Total)

Reserves

Area	Category	Tonnes (Mt)	Au		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at	Source	Provenance
Surface	Proved	3.50 Mt	2.21 g/t	0.25 Moz	31 Dec 2025	Bilboes – Mineral Reserve Classification table (Proven Total)Unverified Evidence record Bilboes Proved · Au · as at 2025-12-31 Reported figure Area Surface Basis 100% Ore tonnes (t) 3500000.0000 Grade 2.2100 Contained (oz) 251000.0000 Classification Reserve Source trail 20-F: FORM 20-F Bilboes – Mineral Reserve Classification table (Proven Total) Published 2026-04-23 Verification Approved; not independently verified · Model extracted Copies a pre-filled issue record so you can send it through your normal channel.	notes (3) Source: 20-F: FORM 20-F · published 23 Apr 2026 Ref: Bilboes – Mineral Reserve Classification table (Proven Total) SK-1300 — Reporting code of record: SK-1300 Cutoff 0.56 g/t Au — Cut-off grade assumption from the source statement. @ US$ 2,190/oz — Metal price assumption used to derive this estimate.
Surface	Probable	20.60 Mt	2.26 g/t	1.50 Moz	31 Dec 2025	Bilboes – Mineral Reserve Classification table (Probable Total)Unverified Evidence record Bilboes Probable · Au · as at 2025-12-31 Reported figure Area Surface Basis 100% Ore tonnes (t) 20600000.0000 Grade 2.2600 Contained (oz) 1499000.0000 Classification Reserve Source trail 20-F: FORM 20-F Bilboes – Mineral Reserve Classification table (Probable Total) Published 2026-04-23 Verification Approved; not independently verified · Model extracted Copies a pre-filled issue record so you can send it through your normal channel.	notes (3) Source: 20-F: FORM 20-F · published 23 Apr 2026 Ref: Bilboes – Mineral Reserve Classification table (Probable Total) SK-1300 — Reporting code of record: SK-1300
Surface	Total Reserves	24.10 Mt	2.26 g/t	1.75 Moz	31 Dec 2025	Bilboes – Mineral Reserve Classification table (Proved + Probable Total)Unverified Evidence record Bilboes Total Reserve · Au · as at 2025-12-31 Reported figure Area Surface Basis 100% Ore tonnes (t) 24100000.0000 Grade 2.2600 Contained (oz) 1749000.0000 Classification Reserve Source trail 20-F: FORM 20-F Bilboes – Mineral Reserve Classification table (Proved + Probable Total) Published 2026-04-23 Verification Approved; not independently verified · Model extracted Copies a pre-filled issue record so you can send it through your normal channel.	notes (3) Source: 20-F: FORM 20-F · published 23 Apr 2026 Ref: Bilboes – Mineral Reserve Classification table (Proved + Probable Total)