Korali-Sud (Sadiola)

The Sadiola Mine Complex operated by Allied Gold Corp is located in western Mali along the Senegal-Mali shear zone, approximately 450km northwest of the capital city of Bamako. The Elemental Altus Korali-Sud royalty (formerly referred to as the Diba royalty) covers the Diba and Lakanfla satellite deposits within the Sadiola Complex.

Elemental Altus sold the project to Allied Gold in 2023 with the sale consideration being a 3% NSR royalty on the first 226,000 ounces produced from the defined Diba deposit and a 2% NSR on all future production in excess of 226,000 ounces from the project. The consideration also included multiple production-based milestone payments totaling up to US$6m.

Mineralisation is sediment-hosted within a series of shallow-dipping stacked lenses, typically between 20m and 40m thick, with gold occurring as fine-grained disseminations in localised high-grade quartz veinlets.

Ore from the Diba open pit was first mined in Q2 2024, with ramp up expected to continue into 2025. Allied have committed to advancing optimization at the Sadiola Gold Mine, including initiatives to improve recoveries, increase throughput and optimise mining inventory. Exploration to date indicates excellent potential for further resource expansion beyond the existing MRE within the 107km square licence area.

Sources

• Allied Gold Corp TSX Release titled “Allied Gold Announces Second Quarter 2024 Results: Setting The Stage For A Strong Second Half With Critical Investments To Sustain Production And Realize Unparalleled Growth Potential”, dated August 8, 2024
• Allied Gold Corp TSX Release titled “Allied Gold Announces Fourth Quarter and Year End 2023 Results: Establishing a Sustainable Production Platform Which Lays the Foundation for Significant Growth at Improving Costs”, dated March 26, 2024
• Technical Report titled “NI 43-101 Technical Report for the Sadiola Gold Project, Mali”, effective June 12, 2023
• For more information on Korali-Sud, please visit https://alliedgold.com/