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. • • • • • • Mature, Long Established Mining Industry in Mali Numerous operating mines and capital reinvestments in progress Mining friendly jurisdiction with transparent system of mineral and surface title Political/social support of mining and stated ambitions to develop resources Competitive investment regime currently including 3-year tax holiday from commencement of production, 30% corporate tax rate and 3% NSR royalty Mining industry is one of the largest contributors to the country's GDP with a long and successful history of gold production Highly developed and active mining culture with major international companies operating in the country for decades (Barrick, B2Gold, Resolute etc.) Birimian rocks are major sources of gold extending through Ghana, Côte d'Ivoire, Guinea, Mali and Burkina Faso Mali is the 4th largest gold producer in Africa - continues to increase output Kobada is located in the Sikasso administrative region in southern Mali, near the border with Guinea, 126km from Bamako Southern Mali is considered to be a stable environment with the mining industry concentrated in the region Significant capital reinvestment being made - Leo Lithium, Barrick, Resolute, B2Gold and Allied Gold all undertaking or planning further development and expansion in country Senegal Mauritania Sadiola Allied Gold Corp 13.0 Moz Sabodala-Massawa Endeavour Mining 6.3 Moz Segala & Tabakoto Algom Resources 4.3 Moz Gounkoto Barrick Gold 5.1 Moz Guinea Kayes Yatela Allied Gold Corp 4.5 Moz Lefa NordGold 4.4 Moz Loulo Barrick Gold 11.0 Moz Fekola B2Gold 6.5 Moz Boto Managem 4.1 Moz Siguiri AngloGold Ashanti 9.2 Mozi Atlantic Ocean Sierra Leone Kita MALI Kobada TOUBANI RESOURCES 2.4 Moz Bamako Sanankoro Cora Gold 1.0 Moz 0 Sissingue Perseus 0.4 Moz 0 Morila Firefinch 3.3 Moz Syama Resolute 10.5 Moz TOUBANI RESOURCES LOCATION Golden Rim 0.9 Moz Yanifolila Hummingbird 2.1 Moz Kalana Endeavour Mining 1.8 Moz Wahgnion Endeavour Mining 1.0 Moz Tongon Barrick Gold 0.8 Moz Sikasso Ivory Coast LEGEND Kobada Project Gold Mine Gold Deposit Roads Regional Structure Birimian GreenStone Kada 6

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