NEWGEN21-Proceedings-Full

Alteration And Mineralization








Gold mineralization at Black Pine is similar to
oxidized Carlin-Type deposits throughout the Great
Basin:


• Hosted in Paleozoic carbonate rocks, particularly
calcareous siltstone or silty limestone


• Spatial association of gold mineralization with
brittle structures including normal faults and
breccias

4.53 g/t Au 13.2 g/t Au 4.70 g/t Au 0.99 g/t Au
• Alteration includes decalcification, silicification,
clay alteration, calcite cemented breccias and and
calcite veining (Carlin alteration)


• Gold is associated with elevated As, Sb, Tl and Hg
(Carlin fingerprint), Ba and to a lesser extent Pb


• Pervasively oxidized; gold spatially associated with
iron oxides


• Gold is primarily submicron but also present as 2-
5 micron grains
1.07 g/t Au 1.55 g/t Au 0.86 g/t Au 0.28 g/t Au


TSX:LGD | OTCQX:LGDTF

Tectonostratigraphy




Pola – sandy, silty limestone, brittle deformation

Gold hosted in 300 m + “Middle Polb – siltstone, shale, limestone and dolostone, ductile

Here’s to finding the sweet spot.
Plate” section of strongly deformation
tectonized and brecciated Polc – calcareous siltstone, brittle deformation

carbonate rocks – but some rocks

are better than others Pold – massive limestone and dolostone, relatively little
deformation


Pols – calcareous siltstone, limestone, ductile and brittle B
deformation






























TSX:LGD | OTCQX:LGDTF

Black Pine Schematic Fence Section










Here’s to finding the sweet spot.





























I Pit














TSX:LGD | OTCQX:LGDTF

Black Pine Discovery History, Part 1










Here’s to finding the sweet spot.
• Late 1800s – early 1900s: small-scale mining of silver and base

metals from around the periphery of the gold system; small scale

mining of mercury from surface quartz veins

• 1950s – mining of approximately 100,000 tons grading 5.6 g/t gold

from the original Tallman Pit; small heap leach operation


• 1960s to 1980s – small-scale surface exploration and drilling by
multiple companies


• 1986 to 1990: Noranda maps framework geology; drills over 500

holes and defines outcropping oxide gold orebodies; produces

feasibility study

• 1990: Noranda sells the property to Pegasus Gold for US$6.3 million


• 1991 to 1997: Pegasus Gold mines outcropping orebodies; drills
over 1300 holes, few over 100 m long; no geology






TSX:LGD | OTCQX:LGDTF

Pegasus Mining (1990 – 1997)










• Run of Mine heap leach

• Produced 435,000 ounces

from approximately 666,000

ounces mined (65% recovery)


• Sequentially mined ~8 ore

bodies


• Declared bankruptcy in 1997

• US Forest Service seized

reclamation bond and

reclaimed the property
















17 TSX:LGD | OTCQX:LGDTF

Black Pine Discovery History Part 2








• 1998 – 2009: Claims lapse


• 2009 – 2010: Western Pacific stakes open ground; recovers data for 1/3 of
the drill holes up to sale of property to Pegasus

• 2011 – 2012: Western drills 35 holes, primarily within and around old pits;

encounters market headwinds

• 2011: Liberty Rep visits Black Pine, recognizes shallow-dipping fault fabric

and similar stratigraphy extending between all of the pits; surmises that
gold could as well

• 2016: Black Pine sold to Liberty Gold for US$800,000 in cash, 300,000

shares and a 0.5% NSR

• 2016: Liberty recovers virtually all of the historic exploration and mining

data; embarks on 18 month compilation, 3D modeling and permitting
exercise

• 2019 to 2020: Liberty Gold reinterprets geology and drills deeper targets,

defining high grade, oxide gold mineralization in stacked, low-angle fault
panels

• 2021: Resource Estimate


18 TSX:LGD | OTCQX:LGDTF

Surface


Geochemistry





• Several generations of surface

soil and rock sampling


• Defines approximately 12 km 2

gold-in-soil anomaly in middle

plate rocks



































19 TSX:LGD | OTCQX:LGDTF

Project Drilling








• ~775 holes drilled up until sale of

property to Pegasus, 536 by Noranda

leading up to feasibility study.


• ~1,100 holes drilled by Pegasus

during the mining operation


• ~470 holes drilled by Liberty Gold to

date


























20 TSX:LGD | OTCQX:LGDTF

Discovery


Zone








• Outcropping higher- A Pit
Here’s to finding the sweet spot.
grade mineralization in
three locations around a

ridge


• Similar rock types
A Basin B Pit
• East-dipping normal

faults


• What if mineralization in

all three areas is linked Image
under the ridge? View Next Slide


• Big target area







E Pit





TSX:LGD | OTCQX:LGDTF

Discovery


Zone








• Basic premise was correct,

although the details are more
complicated!




































Discovery Fault 1
Discovery Fault 2


TSX:LGD | OTCQX:LGDTF

Drill Results Liberty Gold Drilling - Higher Grades than Historic Holes




Rank Hole ID From (m) To (m) Interval (m) Au g/t Au(g/t) X m Target
2019 Drilling 1 LBP043 208.8 262.1 53.3 4.39 234.0 D-2

2 LBP064 112.8 175.3 62.5 3.38 211.3 D-2
• Two discoveries (D-1 and D- 3 LBP067C 188.7 244.5 55.9 2.92 163.3 D-2
2) along a target horizon 4 LBP214C 124.2 171.6 47.4 3.32 157.4 D-2

beneath shallow historic 5 LBP062 129.5 173.7 44.2 3.14 138.9 D-2

drilling 6 LBP152 219.5 315.5 96.0 1.44 138.6 D-3
7 LBP088 257.6 318.5 61.0 2.10 128.3 D-1
2020 Drilling 8 LBP002 111.3 189.0 77.7 1.49 116.1 D-1
9 LBP029 166.1 207.3 41.1 2.56 105.1 D-2
• Third discovery (D-3) along 10 LBP051 131.1 172.2 41.1 2.51 103.5 D-2
another stacked horizon 11 LBP207C 114.9 146.9 32.0 3.16 101.2 D-2

beneath D-1 and D-2 12 89-417 67.1 117.4 50.3 1.98 99.7 B
13 LBP054 248.4 349.0 100.6 0.95 95.1 D-2
14 87-169 79.3 121.9 42.7 2.10 89.6 B
15 LBP069 160.0 217.9 57.9 1.52 88.1 D-2
16 LBP023 204.2 253.0 48.8 1.78 86.9 D-2 (Discovery)
17 LBP206 271.3 327.7 56.4 1.51 85.4 D-3
18 88-357 61.0 121.9 61.0 1.40 85.3 B
19 LBP021 189.0 236.2 47.2 1.78 84.3 D-1 (Discovery)
20 92BP-078 21.3 76.2 54.9 1.50 82.1 E
21 88-366 74.7 86.9 12.2 6.66 81.2 B
22 LBP066 173.7 243.8 70.1 1.15 80.6 D-2
23 LBP138 217.9 285.0 67.1 1.20 80.5 D-3

24 92BX-18 1.5 68.6 67.1 1.18 79.2 J
23
25 LBP169 233.2 313.9 80.8 0.98 79.0 D-3

Black Pine Resource Estimate







The pit-constrained Mineral Resource using a cut-off
grade of 0.2 g/t Au contains


• An Indicated 105.1 million tonnes grading 0.51 g/t Au,
containing 1,715,000 ounces of gold.


• An Inferred 31.2 million tonnes grading 0.37 g/t Au,
containing 370,000 ounces of gold.


A high-grade subset of the Mineral Resource using a cut-
off grade of 0.5 g/t Au contains:


• An Indicated 30.5 million tonnes grading 1.04 g/t Au,
containing 1,020,000 ounces of gold.


• An Inferred 4.4 million tonnes grading 0.94 g/t Au,
containing 134,000 ounces of gold.


74% of the ounces are in the Discovery Zone











TSX:LGD | OTCQX:LGDTF

Cross Section A-A’























































25 TSX:LGD | OTCQX:LGDTF

Cross Section A-A’























































26 TSX:LGD | OTCQX:LGDTF

Cross Section B-B’























































27 TSX:LGD | OTCQX:LGDTF

Cross Section B-B’























































28 TSX:LGD | OTCQX:LGDTF

Metallurgy







Phase 1:

• 6 bulk samples from historic pit floors/large

diameter columns
• 78.9% weighted average gold recovery, ranging up

to 92.8%

Phase 2:

• 29 variability column tests from 6 core holes

• 82.1% weighted average gold extraction, ranging
up to 94.5%


Phase 3:
• 45 variability column tests from 7 core holes

• 80.8% weighted average gold extraction, ranging

up to 94.8%

Confirms historical metallurgical testing










29 TSX:LGD | OTCQX:LGDTF

Phase 3


Metallurgy





• Rapid gold extraction with

>80% of leachable gold

extracted within 10 days


• Head grade and gold

extraction well-correlated


• % extraction not sensitive Days

to particle size


• Data suggests amenability

to simple run of mine heap

leach process for mining












30

Black Pine Growth Potential







• Large areas of exposed middle plate still untested, or
have not been tested to depth


• Very little drill testing through upper plate cover rocks


• Very little drill testing to the southeast of the

Rangefront Fault


• Large “gaps” in gold system – lack of gold, or lack of

drilling?





Rangefront Discovery (D-4)


• Does the down-dropped section east of the Rangefront
Zone
Rangefront fault host the faulted off “other half” of

the Black Pine gold system?

• Five holes from a single site drilled for an initial test







TSX:LGD | OTCQX:LGDTF

Rangefront D-4 Discovery























































32 TSX:LGD | OTCQX:LGDTF

Summary








• Black Pine was hiding in plain sight since the cessation of


mining in 1997, partly due to dogma-driven exploration for

Carlin deposits restricted to the main trends


• The first company to recognize the potential in 2009 was not

able to capitalize on the opportunity


• Liberty Gold were the right company (well capitalized;


significant in-house expertise in off-trend Carlin systems,

Great Basin geology, compilation and 3D modeling) at the

right time.


• The asset met all of Liberty’s hurdles: Data rich, gold in the


ground, size potential, good jurisdiction, simple metallurgy,

right price


• Black Pine is now a multi-million ounce resource with room

to grow
33

The Bankan Gold Camp












A Greenfields Discovery in Guinea, West Africa












Paul A. Roberts, Finbarr C. Murphy and Aimé Nganare




Bianca Manzi (Presenter)










NOV 2021 ASX:PDI

Forward Looking Statements & Disclaimer

















This presentation contains only a brief overview of Predictive Discovery Ltd and its associated entities (“PDI or Predictive”) and their respective activities. The contents of this presentation, including

matters relating to the geology of the projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any
independent verification.

This presentation contains a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Predictive’s control, may cause the actual results, performance and
achievements of PDI to differ materially from those expressed or implied in this presentation.

To the maximum extent permitted by law, PDI does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of PDI, and will not be
responsible for any loss or damage arising from the use of the information. The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue.
Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Predictive or its activities.



Competent Person Statement

The Mineral Resource estimates reported herein are based on information compiled by Mr Phil Jankowski, who is a member of The Australasian Institute of Mining and Metallurgy. Mr Jankowski is a full-
time employee of CSA Global Pty Ltd and has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a Competent Person as defined by the 2012
Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Jankowski consents to the inclusion in the report of the matters based on his information in
the form and context in which it appears.

The Company has released all material information that relates to Exploration Results on a continuous basis to ASX and in compliance with JORC 2012 . The Company confirms that it is not aware of any
new information that materially affects the content of this release.


The exploration results reported herein are based on information compiled by Mr Paul Roberts (Fellow of the Australian Institute of Geoscientists). Mr Roberts is a full-time employee of the company and
has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Roberts consents to the inclusion in the report of the matters based on his information in the form and context in which it
appears.
















NewGenGold Nov 2021| 2

Bankan Project Current State Of Play



























Inferred Mineral High-grade zone A$4.0/oz



Resource of 72.8Mt @ recently discovered, = US$2.9/oz
presents significant

1.56g/t Au potential for further growth Resource discovery cost per ounce



containing 3.65 million ounces








Metallurgical Work 17 months 356km 2


Scoping study-level metallurgical testwork From NE Bankan discovery in an emerging world-class

very promising with no recovery issues drillholes to MRE announcement gold discovery hotspot,
identified Guinea’s Siguiri Basin



















NewGenGold Nov 2021| 3

> Our Discovery Team






Paul, Aimé and Barry – 15 years exploring West Africa’s Birimian












PAUL ROBERTS

BSc, MSc, FAIG
Managing Director


Paul is a geologist with 10+ years experience working in West Africa and is

associated with a number of discoveries including the Henty gold deposit in
Tasmania, and the PDI Kaninko discovery.



BARRY MURPHY

B.A, Hons, Ph.D
Chief Geologist


Barry is a structural geologist with 10+ years experience working in West Africa

with experience in Australia, Sudan, DRC, South America, Indonesia and
Europe. Barry played a major role in the the regional targeting work that led to
the Kaninko discovery.



AIME NGANARE

MSc, MBA
Principal Geologist


Aimé has over 18 years of experience in orogenic gold exploration in Central

and West Africa, including his role as General Manager of the Geological Survey
of the Central African Republic.






NewGenGold Nov 2021 | 4

> Bankan Project - Guinea






Strategically located on the western margin of the Siguiri Basin along a major regional structure










































































NewGenGold Nov 2021 | 5

> How we did we get here?








Predictive Mineral Discovery Cooperative Research Center (>A$100m in 7 years: 2001-8)

Designed to help discover new deposits in key Australian mineralized terranes









Commercialisation of Research Outcomes

Terrane- to Deposit-scale mineral system


research to predict new deposit locations

• using structural, numerical fluid flow and


chemical modelling in 2D,


3D and 4D space









Prospective PDI listed PDI discoveries

belt selection Dec 2010

2008-9


Bongou, Nyangboue, Ouarigue S (Toro BANKAN,

(PDI 100%) (PDI 100% & Gold JV),


West African On flagship NE Burkina Faso Toro Gold JV) Cote d’Ivoire GUINEA

Craton & Birimian Burkina Faso 2012 Cote d’Ivoire 2019 (PDI 100%)

orogenic belt properties 2014-16 2020






NewGenGold Nov 2021 | 6

> Discovered By Design - The Predictore TM Way





Disciplined strategy and technical rigour rewarded with new discoveries










1. Where in the world? The Birimian Orogenic Belt because:

a) Remarkable gold endowment in many belts over vast area


b) Underexplored with new discoveries continually emerging


c) Mining investment welcomed by governments


d) Predictore TM applicable to orogenic gold targets





2. Where in the Birimian?


a) Country by country analysis based on:


i. Investment environment & physical security

ii. Geological favourability


iii. Low-cost availability of key data sets


iv. Ground availability & transparency of mining title system





→ Guinea met all these criteria in 2018














Sources: Lebrun et al.2017. WAXI _West African Exploration Initiative
NewGenGold Nov 2021 | 7

> Discovered By Design - The Predictore TM Way





Disciplined strategy and technical rigour rewarded with new discoveries









3. Where in the Siguiri Basin?


a) Acquisition of :


i. All available potential field data

ii. Available geoscientific and geographic GIS data sets,

including published maps


iii. Relevant research






b) With Predictore TM methods, seeking:

i. Deep, long-lived structures and structural

intersections/relays


ii. Favourable (host) geological locations


iii. Evidence of gold mineralization





c) Ground selection:


i. Favourability assessment based on above criteria


ii. Ground availability (preference for free ground)









NewGenGold Nov 2021 | 8

> Discovered By Design - The Predictore Way
TM




Disciplined strategy and technical rigour rewarded with new discoveries









4. Where in the permit?


a) Standard initial work program on PDI

reconnaissance authorisations in Guinea


i. Regolith mapping


ii. BLEG stream sediment geochemistry

iii. Soil and rock chip sampling






b) On conversion to exploration permit:


i. Power auger drilling (with transported

lateritic horizons)


ii. Sequence of deeper drilling: AC to RC to DD

(DD early)

iii. Airborne geophysics


iv. Structural analysis of discoveries to define

new structural targets (ongoing)














NewGenGold Nov 2021 | 9

> Predictore TM – Our Process





Terrane Scale Analysis – geophysical processing






















5km











Sources: Hornby et al. 1999
30km
Synthetic model of upward continued

worm sheets in response to an
inclined cylinder
Mt Isa, Qld




Examples of gravity worms in
Cobar, NSW
selected Australian terranes
















Sources:
• Geophysical processing stream utilises automated edge detection algorithm – colloquially termed “WORMS”. Multiscale upward continued 3D point cloud of positions of maximum horizontal gradient, providing a sound basis for
more reliable interpretation of gravity and magnetic data. Based on CSIRO research (Hornby et al. 1999).
• pmdCRC projects, supplied by Fractore Pty Ltd: www.fractore.com NewGenGold Nov 2021 | 10

> Terrane Scale Analysis






Deep, sometimes cryptic, structures


play a role Edge of Proterozoic outcrop







• Deep structures, such as basin margins, play a role in

tapping fluid reservoirs, focusing fluid flow through wide


damage zones


• Methodology for identifying deep seated structure:


• High upward continued geophysical worms are one


ingredient


• Breaks in worm gradients are indicative of more

cryptic structures which can have significant depth

extent


• Deep structure can be mapped using strike length


as a proxy (ie long faults tap deeper than short
faults)



• A fault map is derived from interpretation of

geophysics (magnetics/gravity) and integrated with

existing mapped faults where known. Strike length

images are created from this (eg Mt Isa).







Sources: pmdCRC projects, supplied by Fractore Pty Ltd: www.fractore.com
NewGenGold Nov 2021 | 11

> Target Generation 2018






Focus on Guinea







• Gravity “worms”



• Large N-S break coincident with Siguiri Basin age


cross cutting major WNW trend



• Subsidiary N-S structure through Kouroussa

and Kiniero

Kouroussa
• Major N-S structure close to Bankan
north-south

• A stand-out structural target in Siguiri Basin mega-anomaly






































NewGenGold Nov 2021 | 12
Source: Original Gravity point data from Bureau Gravimetric International BGI – http:bgi.obs-mip.fr/
Worm processing by Fractore Pty Ltd

> Target Generation 2018






Focus on Guinea







• Gravity “worms”



• Large N-S break coincident with Siguiri Basin age


cross cutting major WNW trend



• Subsidiary N-S structure through Kouroussa

and Kiniero



• Major N-S structure close to Bankan



• A stand-out structural target in Siguiri Basin






































Source: Original Gravity point data from Bureau Gravimetric International BGI – http:bgi.obs-mip.fr/ NewGenGold Nov 2021 | 13
Worm processing by Fractore Pty Ltd

> Guinea – A Good Address






Strategically located on the western margin of the


Siguiri Basin along a major regional structure (Sassandra Fault)











• Bankan gold camp – SW corner

of the Siguiri Basin, a component of the

early Proterozoic Birimian orogenic belt

(2.0-2.1by) in


NE Guinea


• Siguiri Basin - largely turbiditic

sediments with lesser mafic volcanics &

minor felsic intrusives.



• Bankan area – mafic volcanics and shelf

sediments (e.g. limestones,

conglomerates, sandstones)- indicating

original basin


margin position















Sources: Lebrun et al.2017. WAXI _West African Exploration Initiative
NewGenGold Nov 2021 | 14

> Bankan Project Initial Ground Acquisition












• Kaninko and Saman Reconnaissance Authorisations

granted in July and October 2019 respectively



• Right ingredients:


• Regional scale faults from regional maps


• Unexplored area of favourable geology on


major N-S gravity linear (parallel to

Kouroussa-Kiniero feature


• Evidence of gold eg Bankan Creek

artisanal site (see below)






































NewGenGold Nov 2021 | 15

> Bankan Prospects Identified






Surface Sampling







• Mapping, BLEG, Rock, Pit, Channel and Soil


sampling


• Bankan Creek - up to 52g/t Au in saprolite


• Bankan NE – up to 1.8g/t Au in pit















































Vertical channel sampling


Source: ASX Announcement - 8 October and 14 November 2019
NewGenGold Nov 2021 | 16

> Soil Sampling Identifies Drill Targets

















• 931 soil samples collected on 400m x 50m grid



• Bankan Creek - 900m strike defined


• Bankan NE – 1000m strike defined:



• WNW anomaly orientation does not follow

the gold mineralization trend (N-S)

indicating gold transport to WNW in

shallow regolith








































NewGenGold Nov 2021 | 17
Source: ASX Announcement 18 December 2019

> NE Bankan






Auger Timeline
















• 81-hole shallow power auger drilling
MAR was completed (1,550m)

2020
• Power Auger footprint length 500m










MAY • 189-hole shallow power auger drilling

- JUN completed in 2 programs (3,723m)

2020 • Power Auger footprint length 1.3km










• 324-hole shallow power auger drilling
SEP completed (6,934m)

2020
• Power Auger footprint length 1.6km














NewGenGold Nov 2021 | 18

> NE Bankan Discovery






Aircore Drilling





• March 2020 - 1200m of AC drilling

completed



• Discovery holes reported April 2020.

Best intercept:


• KKOAC01 - 46m @ 6.58g/t Au


from 4m including a high-grade
zone of 10m


@ 26.52g/t Au from 34m










KKOAC01 – Visible Gold 38-40m





























Source: ASX Announcement 15 April 2020
NewGenGold Nov 2021 | 19

> NE Bankan






Initial Discovery Section 1175100N









INITIAL DISCOVERY HOLES


• AC drilling was designed to test

width of mineralised power

auger gold footprint &

understand geology


• Angled AC holes with heel to toe

coverage


































Source: ASX Announcement 15 April 2020







NewGenGold Nov 2021 | 20

> NE Bankan Discovery






Evolving Understanding










• Initial AC drilling – from east to west based on mapped
quartz vein orientations 3km to the west




• First results gave no clear indication of mineralisation

orientation (because almost all holes

were mineralised)




• Systematic east to west RC drilling suggested a possible
west-dip, which was confirmed by initial diamond drilling.




• Subsequent RC-DD drilling all

from west to east




• KKODD011 – first indication that broad widths of good

grade mineralisation extended to depth




















Source: ASX Announcement 10 September 2020
NewGenGold Nov 2021 | 21

> NE Bankan Discovery






Evolving Understanding












• Subsequent deeper drilling showed remarkable hole to
hole continuity at generally moderate grades (+/- 1.4g/t

Au)




• As drilling extended below 200m vertical depth, a high

grade central mineralised zone emerged




• Key control on main, western panel of gold
mineralisation is the “hanging wall shear zone”




• Geological control on the central high-grade zone related

to geological position where mafic-felsic contact

coincides with hanging wall shear zone




• Moderate grade gold mineralisation with “black
alteration” – sericite-chlorite-pyrite




• High grade gold mineralisation – strong feldspathic

alteration (probably albite) with more pyrite







Source: ASX Announcement 16 September 2021
NewGenGold Nov 2021 | 22

> NE Bankan






Hangingwall Shear and Host Rocks










































































NewGenGold Nov 2021 | 23

> NE Bankan Discovery






Evolving Understanding








• Longitudinal projection shows:


• Concentric distribution of gold
mineralisation (g/t*m contours)


• Slight southward plunge


• Includes a high-grade core from

approximately 200m vertical

depths with included widths and

grades which are likely to be

economic for underground

mining



• Open at depth




























Source: ASX Announcement 19 October 2021
NewGenGold Nov 2021 | 24

> Bankan Project Plan View










































































1 km






NewGenGold Nov 2021 | 25

> Bankan Maiden Resource Estimate





Includes NE Bankan and Bankan Creek Deposits







Cutoff Tonnes Grade Au g/t Contained Au ounces ‘000 Contained
Deposit Weathering Million Tonnes Grade Au g/t
0.3 90,262,257 1.33 3,864,058 Au ounces


0.4 80,608,698 1.45 3,758,532 Laterite 2.15 0.97 67
NE Bankan
0.5 72,797,773 1.56 3,645,525 Saprolite 11.54 1.08 401


0.6 66,247,864 1.66 3,529,957 Primary 51.87 1.71 2,852

0.7 58,248,230 1.8 3,363,101 Laterite 0.15 1.04 5
Bankan Creek
0.8 51,561,077 1.93 3,204,003 Saprolite 1.01 1.83 59

0.9 45,000,505 2.09 3,024,860 Primary 6.08 1.37 268


1.0 38,235,152 2.29 2,818,224 Total Inferred 72.80 1.56 3,646

1.1 31,860,352 2.54 2,605,071


1.2 27,294,936 2.78 2,437,740 Notes:


1.3 23,167,280 3.05 2,271,925 • See page 24 for complete Resource Table and Competent Person notes

1.4 19,417,423 3.38 2,109,243
• Reported as an in situ undiluted Resource at a 0.5 g/t Au cut-off grade within a
1.5 16,397,260 3.74 1,969,418 US$1,800/oz optimised pit shell


1.6 14,350,723 4.05 1,868,090 • All reported Mineral Resource ounces are in the Inferred Resource category


1.7 12,798,629 4.34 1,786,231
• High retention of contained gold ounces as the cut-off grade is lifted,
1.8 11,477,882 4.64 1,712,319 demonstrating a robust ore body.


th
1.9 10,378,241 4.94 1,647,267 • Includes drillholes BNERD0090 & BNERD0091 - ASX Ann. 16 Sept 2021
2.0 9,352,369 5.27 1,583,281


NewGenGold Nov 2021 | 26

> NE Bankan Perspective View











RESOURCE

BLOCK MODEL

Legend US$1,800/oz optimised pit shell



> 3.0/t Au

1.6km
1.0 – 3.0g/t Au




0.5 – 1.0g/t Au




1.0km









































NewGenGold Nov 2021 | 27

> NE Bankan




Cross Section 1175020N – block model












































































NewGenGold Nov 2021 | 28

> NE Bankan’s High Grade Core





Outstanding mineralisation continuity at higher cut-off grades









RESOURCE

BLOCK MODEL


Legend



> 3.0g/t Au



1.0 – 3.0g/t Au






380m





US$1,800/oz optimised pit shell























Open



NE Bankan – looking East Open


NewGenGold Nov 2021 | 29