African Gold Peer Comparison

Projected Exploration Cost Exploration Breakdown Diamond Drilling Meters 6,100 m Holes 41 Average Depth of Hole 150 m Deepest Hole 350 m Samples to Analyse 6,550 Soil Samples for BLEG Tests Samples Exported & Submitted to ALS Laboratory 2,000 18.7 tons Exploration Cost per meter Drilling Cost per meter Laboratory Cost per meter Geologist and enabling *Excluding: Infrastructure, Licensing, logistics and community relations £ 253 £ 140 £ 25 £ 88 AFRICAN LIONS GOLD plc 33

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