MEYA MINING DEVELOPMENT TIMELINE 03 OCTOBER 2017

Transcription

1 MEYA MINING DEVELOPMENT TIMELINE 03 OCTOBER 2017

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3 NOVEMBER 16 DECEMBER 16 JANUARY 17 EL07/2015 License transfered from Germinate to Meya Mining 2 Nov 16 Camp and infrastructure construction commence 7 Nov 16 Consulment and management site visit 3 Dec 16 - Plant footprint - Slimes dam - Tailings dump - Water supply Transfer of 51% share in Meya Mining from Germinate to Trustco Resources 13 Jan 17 MEYA MINING SHAREHOLDING 100% (Namibia) (Namibia) TRUSTCO SHAREHOLDERS (2017) Names Shareholding % 51% 49% (Mauritius) Consulmet plant design finalized 10 Nov 16 First shipment of Volvo fleet arrive in Freetown 14 Dec 16 Dr Quinton van Rooyen Pershing LLC Ithuba Investments LP Riskowitz Value Fund LP Buckley Capital Partners LP and Buckley Capital Advisors LLC Snowball Wealth (Pty) Ltd 3.96 Constantia Insurance Company Limited 1.89 Midbrook Lane (Pty) Ltd 1.65 Chou, Leo Chih Hao 1.04 Morgan Stanley Smith Barney LLC 0.47 Government Employees Pension Fund 0.44 Grand total Total number of issued shares (Sierra Leone) GERMINATE SHAREHOLDER (2017) Names Shareholding % Ibrahim S. Kamara 100% Volvo fleet mobilize to site 13 Jan 17 Plant manufacturing commence 11 Nov 16 Boart Longyear delineation drilling for the month 1184m 29 Dec 16 Development of bulk sample 1 (Bardu) 18 Jan 17 CEMMATS Environmental baseline study concluded 29 Nov 16 aithonline.com/cemmats Boart Longyear delineation drilling for the month 1216m 29 Nov 16 Plant manufacturing and infrastructure construction WIP 25 Jan 17 Boart Longyear delineation drilling for the month 1668m 31 Jan 17

4 FEBRUARY 17 MARCH mm APRIL 17 23mm Complete Volvo earth moving fleet on site 7 Feb 17 Plant related infrastructure layout finalized 1 Mar 17 Bardu sample first kimberlite exposed 8 Apr 17 Plant site preperation and earth works commence 10 Feb 17 First 8000t decomposed kimberlite from Bardu sample into stockpile 8 Mar 17 Plant erection progress DMS and course XRT WIP 12 Apr 17 Bardu sample development and infrastrucure WIP 28 Feb 17 Plant civils WIP and plant erection commence 12 Mar 17 Boart Longyear drilling delineation for the month 925m and 30 Apr 17 Koidu Mine and Meya sample Meya plant site Meya camp site Bardu sample Waterloo sample Boart Longyear delineation drilling for the month 1835m 28 Feb 17 Boart Longyear delineation drilling for the month 837m 30 Mar 17 Dyke Zone B along 12km strike

5 MAY 17 JUNE 17 JULY mm 543mm 362mm Development at Meya sample area commence 10 May 17 Plant progress as at 10 Jun 17 Plant progress as at 4 Jul 17 Kimberlite exposure at Meya sample 15 May 17 Bardu sample progress as at 13 Jun 17 SRK mapping of Bardu sample Collection of 25 Micro diamond analysis samples 13 Jul 17 Development at Waterloo sample area commence 18 May 17 Dyke Zone exposure at Bardu Boart Longyear delineation drilling for the month 1175m 30 May 17 Drilling results indicate 11.5Mt ore, ~6Mct 31 May 17 Casey Hetman SRK Canada visit project to look at exposed kimberlite with positive feedback (quantities and sizes of olivine and mantle zenoliths. 29 Jun 17 SRK mapping of Meya sample Collection of 17 Micro diamond analysis samples 18 Jul 17

6 AUGUST 17 SEPTEMBER 17 OCTOBER mm 246mm 192mm Infield screening plant (course XRT) commissioning 3 Aug 17 Blast drilling commence 8 Sep 17 Geology - complete mapping of 184m kim strike at Meya River 4 Oct Complete ESIA Scoping Study & Assesment (Cemmats) 15 Oct EPA Board Approval 18 Oct 17 Licence 20 Oct Mining - focus on Meya River sample: Plant progress as at 5 Aug 17 First diamond export (Bardu and Meya decomposed kimberlite only) 2656ct 20 Sep 17 Complete blast hole drilling (Blast 1) 6,328m 1st Blast Waste -153 kt Ore kt 17 Oct 20 Oct First diamond produced 19 Aug 17 Load & Haul Solid Waste 100 kt Comp Kimberlite to Plant kt OB kt Weathered kim to plant - 10 kt Meya - 7 kt Waterloo - 3 kt 20 Oct to 31 Oct Processing 20 Oct to 31 Oct Weathered - 10 kt (1,100 cts) Competent kt (3,300 cts)