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Mining Code & Royalties Mining Code Royalty Parameters Licence Type Corporate Tax (%) Govt. Carried Interest (%) Precious metals (%) Base metals Precious Industrial Exploration 22.5% 10-20% 5% (%) 5% stones (%) minerals (%) Mining Code 5% 5% 2020 Licence Type Mining Code Key Terms (continued) Exploration Land rent (EGP/km2/year) 5,000 for initial period, increasing by 5,000 with each renewal Indicative US$ / licence: $36,000 Min. expenditure (EGP/km2/year) 20,000 for initial period, increasing by 20,000 with each renewal Indicative US$ / licence: $125,000³ Expenditures Bid Round 1 Licence Gabal Om Ourada Wadi Jundi Wadi Dubur Gabal Al Shaluhl Bid Round 1 - Sub-Total Bid Round 2 Licence Bir Esl Mining Code Key Terms Application/ Grant Cost (USD) 20,000/50,000¹ AkhGold First Renewal Fee Second Renewal Fee tbc tbc Min. Size (km²) Single licence block (typically circa 175 km²) Max size (km²) None Reporting requirements Quarterly & annual inc. expenditure Initial term (Years) Renewals (Numbers & Years) 2 3 x 2 years Area dropped Area - km² Year 1 - US$m Completed Year 2 - US$m Year 3 - US$m 346 0.46 0.30 0.68 696 0.93 0.78 1.36 175 0.67 0.61 0.34 348 0.24 0.35 0.68 1,565 2.30 2.04 3.05 Area - km² Year 1 - US$m Year 2 - US$m Year 3 - US$m 171 0.13 0.60* 0.13 0.60* 0.26 1.20 Gabbal El Mayyet Bid Round 2 - Sub Total 177 348 Note: Licences awarded by public bids and are valid for specific commodities. 1:9 expat to local staff ratio. ESIA & EMP required at FS. AKH GOLD | Corporate Presentation on renewal (%) 20%2 23

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