Agbaou Gold Project — 2023 Technical Report

This report presents the processing and metallurgical basis for the Agbaou Gold Project in Côte d'Ivoire as of 5 July 2023.

Report context

The NI 43-101 Technical Report for the Agbaou Gold Project, Republic of Côte d'Ivoire, was prepared for Allied Gold Corp and Mondavi Ventures Ltd (to be renamed Allied Gold Corporation) by Datamine Australia Pty Ltd (Snowden Optiro). The effective date of the report is 5 July 2023. The report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. It is intended for use by Allied and Mondavi subject to the terms and conditions of Allied's contract with Snowden Optiro and relevant securities legislation. Certain references to Allied refer to Allied following completion of a reverse takeover transaction.

Processing route

Plant throughput estimate

The report documents a plant throughput estimate within the mineral processing and metallurgical testing section. The basis for the plant throughput estimate is described at a general level in the report, with reference to the design considerations and operating parameters established for the Agbaou operation. Specific throughput rates are reported as part of the overall project parameters and are incorporated into the production schedule and economic evaluation sections of the report.

Plant recovery

The plant recovery estimate is defined in the mineral processing and metallurgical testing sections. The recovery assumptions are based on the metallurgical testwork and historical operating data available up to the effective date of the report. These recovery values are used in the Mineral Reserve estimates and the economic analysis presented in the report.

Key reported parameters

Parameter Value Basis
Report effective date 5 July 2023 Assigned
Plant throughput estimate Defined in Section 13.1 Design basis
Plant recovery Defined in Section 13.2 Testwork and operating data
Reagent consumption Reported in Section 17.3.1 Recent operating data
Energy consumption Reported in Section 17.3.2 Recent operating data
Water consumption Reported in Section 17.3.3 Recent operating data

Project website: https://alliedgold.com/our-portfolio/c-te-d-ivoire-complex/default.aspx

Technical qualifications

Specific limitations from the report include the following. The information, conclusions, and estimates contained in the report are based on information available at the time of preparation and data supplied by outside sources as specified. The report is subject to the assumptions, conditions, and qualifications set forth therein. The report is intended for use by Mondavi and Allied subject to the terms and conditions of Allied's contract with Snowden Optiro and relevant securities legislation. Except for purposes legislated under applicable law, any other uses of the report by any third party are at that party's sole risk. The report states that the user of the document should ensure that it is the most recent Technical Report for the property as it is not valid if a new Technical Report has been issued. The report also notes that processing and recovery operations, including recent plant performance data on reagent, energy, and water consumption, are presented in Section 17.

Source: NI 43-101 Technical Report for the Agbaou Gold Project, Republic of Côte d'Ivoire, effective 5 July 2023, prepared for Allied Gold Corp and Mondavi Ventures Ltd, by Datamine Australia Pty Ltd (Snowden Optiro).

Mineral processing basics

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