Name of the Project
Kandiolé gold project.

Location
Mali.

Project Owner/s
Canadian gold exploration company Roscan Gold Corporation.

Project Description
A preliminary economic assessment (PEA), published in March 2026, has proposed a conventional openpit mining operation supplying an estimated 2.5-million-tonnes a year to a centralised carbon-in-leach processing facility over an estimated 13-year life-of-mine (LoM). The current mine plan incorporates four deposits: Mankouke South, Mankouke Central, Kabaya and KN1.

Mining is planned as a conventional openpit truck-and-shovel operation under a contractor-mining model. Ore will be processed through a conventional crushing, grinding and carbon-in-leach circuit incorporating gravity recovery. LoM production metrics include total ore mined of 31.1-million tonnes, total waste mined of 118.1-million tonnes at a strip ration of 3.8:1. Recovered gold is estimated at 835 693 oz at an average processed grade of 0.89 g/t gold.

The project will require the development of supporting infrastructure, including hybrid diesel/solar power generation, site access roads, processing plant facilities, tailings storage facilities and water supply infrastructure.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
In the base case, the project has an after-tax net present value, at a 5% discount rate, of $498-million and an internal rate of return of 43%, with a payback of 2.8 years.

Capital Expenditure
Initial capital is estimated at $218.7-million.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Roscan Gold Corporation, tel +416 900 1412 or email info@Roscan.ca.