Price of Gold

CSE: WBGD

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Ivory Coast – Sirasso & Tengrela Projects

Ivory Coast

Côte d’Ivoire

BIRIMIAN GREENSTONE BELT​

Highlights

World Class Greenstone Gold Belts

  • Host to multi million-ounce deposits across West Africa
  • Côte d’Ivoire hosts 30% of West African Birimian greenstone belts yet contributes less than 15% of gold production

Underexplored Upside

  • Significant discovery potential in proven geology
  • Has seen less than 20% of the exploration activity of Ghana and Mali

Proven Geology

  • Similar geological and structural architecture as Ghana and Mali
  • Only 45-55 Moz of gold have been discovered in Côte d’Ivoire compared with ~200 Moz in Ghana and ~110 Moz in Mali

Improving Infrastructure

  • Better access and supportive regulatory environment

Strategic Jurisdiction

  • Stable, safe mining friendly jurisdiction

REGIONAL ACTIVITIES & POTENTIAL

News Highlights

2025/2026

  • Allied Gold acquired by Zijin for C$ 5.5B (January 2026)
  • Barrick sale of Tongon for US $305 million to Atlantic Group
  • Montage Gold on-schedule for first gold pour in Q2 2027
  • Montage Gold enters a strategic partnerships with Aurum Resources (9.9%) and African Gold (17.5%)
  • Montage acquires 100% of African Gold for US $170M (~1 Moz at 2.5 g/t Au)
  • Aurum acquisition of Mako Gold Limited (0.87 Moz Napié Gold project) for US $60M
  • Aurum Resource growth of 53% in two months
  • Aurum Resources aggressive exploration with 137,000m diamond drilling with self-owned diamond rigs
  • Koulou Gold secured $13 million of private placement
  • Awalé Resources initiates ~100,000m drilling program

GEOLOGY

Tengrela Project

  • NE & N-S structures correspond to splays from the Syama main mineralized corridor
  • Corridors are supported by several orpaillage activities and confirmed by magnetic geophysical surveys
  • Interesting high contrast zones are highlighted along geological contacts
  • Regional soil survey identified at least 2 significant auriferous structural corridors with individual sample results up to 27 ppb Au

Sirasso Project

  • Previously held by Barrick (Randgold) until 2015
  • Historical work has identified a >12 km anomalous corridor
  • Very high value gold samples (300-1,360 ppb) are common in the anomalous envelope, and the anomalies appear to be controlled by multiple connecting NNE structures

SIRASSO

Côte d’Ivoire

Geology

Highlights

  • Situated on the Senoufou Greenstone Belt, ~70 km south of Barrick’s Tongon 4.5 Moz Gold Mine.
  • Structural complex zone in the pressure shadow of a granodiorite.
  • A 11.5 km NNE-NE shear corridor target (Ouobolo) with confirmed gold mineralization.
  • Metasedimentary, volcaniclastic and felsic porphyry host rocks have been confirmed through project area are ideal for orogenic-style gold mineralization.
  • Major regional NE trending structural corridors are mapped with on the ground and with magnetic geophysics.
  • Rheological contrast between lithologies and pressure shadows around intrusive lithologies are prime deposition sites for orogenic gold deposits.

Project

Building on past exploration success

  • Initial field reconnaissance and mapping indicate multiple structurally controlled target zones with artisanal activity nearby.

Historical work done

  • 5.754 soil samples at 1,000 m x 200 m grids
  • 488 pits, 2,196 m
  • 22 RC holes @ 1,607 m
  • 246 AC holes @ 10,378 m
  • 10 trenches @ 645 m

Highlights

  • Historical drilling highlights include:
  • OUOAC094: 39 m @ 1.55 g/t
  • OUOAC095: 30 m @ 0.55 g/t
  • OUOTR003: 27 m @ 1.20 g/t Au
  • OUOAC016: 27 m @ 0.50 g/t Au
  • OUOAC187: 27 m @ 0.44 g/t Au
  • Multiple intervals >1 g/t across RC and trench lines.

Prospective Corridors

  • Targets hosted on regional structural corridors linking the Sanoufou and Boundiali greenstone belts
  • Southern targets in the pressure shadow of a syn-kinematic intrusion
  • Mineralization is hosted primarily within sheared quartz diorite units in contact with meta volcanic units
  • Rheological contrast between units provides highly prospective deposition sites
  • Multiple targets over 20 km of shear corridor strike length hosted on parallel shear corridors

Next Steps

High-priority targets to be tested through:

  • Regional soil and auger sampling
  • IP geophysics
  • Follow-up RC scout drilling in 2026

Confirm and extend high-grade zones along the Ouobolo corridor. Test strike and dip continuity of mineralized structures. Generate data for potential resource modelling and future economic evaluation

2026 Work Program

  • Detailed mapping & lithology sampling to refine structural interpretation.
  • Complete acquisition of small-scale mining areas
  • Ground IP geophysics to constrain the Ouobolo corridor and improve drill targeting.

Drilling campaign

  • 5,000m Aircore (AC)
  • 5,000m Reverse Circulation (RC)
  • 3,000m Diamond Drilling (DDH) for depth and structural detail.

TENGRELA

Côte d’Ivoire

Neighbors

Key Location

  • High potential, mining friendly jurisdiction with a stable government and supportive infrastructure
  • Positioned along the Mahale–Sissengue shear zone in the Boundiali Greenstone Belt, a regional structure associated with multiple gold discoveries.
  • Proximal to nearby producing mines
  • Syama 6.1 Moz
  • Sissengue 1.4 Moz
  • Tabakoroni 1.35 Moz

Untested Prospect

Historical Exploration:

  • 1958 geochemical soil samples
  • 2 Trenches
  • Regional Magnetic interpretation

  • Historical surface sampling and geophyisical mapping identified two structural corridors, confirmed by gold in soil geochemical anomalies

2026 Work Program

  • Detailed geochemistry soil sampling at 200/50 grids
  • IP Geophysics Survey and Ground Mag-Drone Geophysics Survey
  • 5 Trenches designed to test structures highlighted in mag surveys
  • Proposed drill program to test strike continuity of the Syama structure splays and identify targets at intersections
    • 10,000m of Auger drilling
    • 5,000m of RC drilling
  • Metasedimentary, volcaniclastic and felsic porphyry host rocks have been confirmed through project area are ideal for orogenic-style gold mineralization.
  • Major regional NE and NW trending structural corridors linking Syama an d Sissingue deposits are mapped with on the ground and with magnetic geophysics.
  • Rheological contrast between lithologies and pressure shadows around intrusive lithologies are prime deposition sites for orogenic gold deposits.