Roxgold Report Template 2020
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NI 43-101 TECHNICAL REPORT Séguéla Project, Worodougou Region, Côte d’Ivoire Roxgold Report Nº R2020.001 Report Effective Date: 29 January 2020 www.roxgold.com Author and Qualified Person Hans Andersen, MAIG ROXGOLD INC. NI 43-101 TECHNICAL REPORT FOR THE SÉGUÉLA PROJECT, WORODOUGOU REGION, CÔTE D’IVOIRE Report prepared for Client Name Roxgold Inc. Contact Name Paul Weedon Contact Title VP Exploration Office Address 360 Bay Street, Suite 500 Toronto, Ontario Canada M5H 2V6 Report issued by Roxgold Inc. 360 Bay Street, Suite 500 Toronto, Ontario Canada M5H 2V6 Roxgold Inc T 416 203 6401 F 416 203 0341 E [email protected] Report information Filename R2020.001 Roxgold Seguela NI 43-101_F.docx Report Effective Date 29 January 2020 Report Signature Date 10 March 2020 Report Status Final Author and Qualified Person Signature Hans Andersen BSc (Hons), Author PGradCertGeostat MAIG © Copyright 2020 Roxgold Report № R2020.001 II ROXGOLD INC. NI 43-101 TECHNICAL REPORT FOR THE SÉGUÉLA PROJECT, WORODOUGOU REGION, CÔTE D’IVOIRE Date and Signature Page This Report titled “NI 43-101 Technical Report, Séguéla Project, Worodougou Region, Côte d’Ivoire”, prepared for Roxgold Inc. with an effective date of 29 January 2020 was prepared and signed by the following author: _________________________________ Dated at Perth, Australia 10 March 2020 Hans Andersen, BSc (Hons), PGradCertGeostats MAIG Senior Resource Geologist Roxgold Inc. Report Effective Date: 29 January 2020 Roxgold Report № R2020.001 III ROXGOLD INC. NI 43-101 TECHNICAL REPORT FOR THE SÉGUÉLA PROJECT, WORODOUGOU REGION, CÔTE D’IVOIRE Certificate of Qualified Person – Hans Andersen As a Qualified Person of the Technical Report titled “NI 43-101 Technical Report, Séguéla Project, Worodougou Region, Côte d’Ivoire”, prepared for Roxgold Inc. with an effective date of 29 January 2020 (the “Technical Report”), I, Hans Andersen do hereby certify that: 1. I hold the position of Senior Resource Geologist, a full-time employee of Roxgold Inc., with an office at suite 500, 360 Bay Street, Toronto Canada (email: [email protected]). 2. I hold a Bachelor of Science degree with postgraduate Honours from the University of New England, New South Wales. I also have a Post Graduate Certificate in Geostatistics from Edith Cowan University, Western Australia. 3. I am a Member of the Australian Institute of Geoscientists (MAIG, Membership Number: 5746). I have been practicing my profession continuously since 2002 and my experience covers 18 years in the exploration, development, production, resource evaluation and corporate technical roles in Australia. 4. I am familiar with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”) and, by reason of my education, experience in evaluation and mining of gold deposits, and professional registration; I fulfil the requirements of a “Qualified Person” as defined in NI 43-101. 5. I am responsible for all sections of the Technical Report. 6. I have been an employee of Roxgold Inc. since July 2019 and have visited the properties that are the subject of the Technical Report to complete a personal inspection from the October 30th to November 2nd, 2019. 7. I am employed by Roxgold Inc. and am therefore not independent of the issuer as defined as described in Section 1.5 of NI 43-101. 8. I have had no prior involvement with the properties that are the subject of this Technical Report. 9. I have read NI 43-101, and the Technical Report has been prepared in compliance with NI 43-101. 10. As of the effective date of the Technical Report, to the best of my knowledge, information, and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading. Effective Date: 29 January 2020 Dated at Perth, Australia, 10 March 2020. Hans Andersen BSc (Hons), PGradCertGeostat, MAIG Senior Resource Geologist Roxgold Inc. Roxgold Report № R2020.001 IV ROXGOLD INC. NI 43-101 TECHNICAL REPORT FOR THE SÉGUÉLA PROJECT, WORODOUGOU REGION, CÔTE D’IVOIRE Forward-Looking Information This Technical Report contains “forward-looking information” within the meaning of applicable Canadian securities laws (“forward-looking statements”). Such forward-looking statements include, without limitation: statements with respect to Mineral Reserves and Mineral Resource estimates (including proposals for the potential growth, extension, update and/or upgrade thereof, the anticipated timing thereof and any future economic benefits which may be derived therefrom), the future price of gold, the success and continuation of exploration activities, proposed exploration plans and the timing and costs thereof, and sufficiency of future funding. These statements are based on information currently available to the author and Roxgold Inc. and each of the author and Roxgold Inc. provides no assurance that actual results will meet the expectations contained in this Technical Report. In certain cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Forward-looking statements contained in this Technical Report are based on certain factors and assumptions regarding, among other things, the estimation of Mineral Resources and Mineral Reserves, the realization of resource estimates and reserve estimates, gold metal prices, the timing and amount of future exploration and development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Séguéla Gold Project in the short and long-term, the progress of exploration and development activities as currently proposed and anticipated, the receipt of necessary regulatory approvals and permits, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters, as well as other assumptions set forth in this Technical Report. While each of the author and Roxgold Inc. considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Although each of the author and Roxgold Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: changes in market conditions, unsuccessful exploration results, possibility of project cost overruns or unanticipated costs and expenses, changes in the costs and timing of the development of new deposits, inaccurate reserve and resource estimates, changes in the price of gold, unanticipated changes in key management personnel, failure to obtain permits as anticipated or at all, failure of exploration and/or development activities to progress as currently anticipated or at all, and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Each of the author and Roxgold Inc. does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. Roxgold Report № R2020.001 V ROXGOLD INC. NI 43-101 TECHNICAL REPORT FOR THE SÉGUÉLA PROJECT, WORODOUGOU REGION, CÔTE D’IVOIRE Contents Report prepared for ........................................................................................................................................... II Report issued by ................................................................................................................................................ II Report information ............................................................................................................................................ II Author and Qualified Person Signature ............................................................................................................. II DATE AND SIGNATURE PAGE ................................................................................................................................ III CERTIFICATE OF QUALIFIED PERSON – HANS ANDERSEN ...................................................................................... IV FORWARD-LOOKING INFORMATION ..................................................................................................................... V 1 SUMMARY .................................................................................................................................................. 1 1.1 Introduction ......................................................................................................................................... 1 1.2 Property Description and Location ...................................................................................................... 1 1.3 Accessibility, Climate, Local Resources, Infrastructure and