Chesser Resources Limited announced the results of the Scoping Study undertaken over the Area A and Area D Mineral Resources at the Diamba Sud Gold Project in Senegal, West Africa. This Scoping Study details the potential for an open pit mining operation and gold processing plant at Chesser's Diamba Sud gold project in Eastern Senegal. Diamba Sud is located within the highly prospective Senegal Mali Shear Zone which hosts numerous world-class gold mines including Barrick's 12.5Moz Loulo mine and its 5.5Moz Gounkoto mine, both located within 12km and 7km of Diamba Sud respectively. The Project is located within the 53.2km2 Diamba Sud permis de recherche (exploration license) which is 100% owned by Boya SAU a wholly owned Senegalese subsidiary of Chesser. The Senegalese government is entitled to a 10% free carried interest in the project upon granting of the exploitation permis (mining license). Site is accessed from the sealed N24 highway which runs within a few kilometres of the Project and connects Dakar, the capital and main port of Senegal to Mali. The nearest community, Gamba, is located 5km west of the project site. The Scoping Study is based on the 781koz gold maiden Mineral Resource inventory covering Area A and Area D, released to the market on the 16 November 2021, summarised in Table 1. Resources do not include mineralisation from the new discover at Area H (Karakara), located 1.2km from the Area D pit. A standard 2Mtpa CIL SAG/Ball circuit gold processing plant was considered to be appropriate for the Scoping Study. Tailings from the CIL will undergo cyanide detox and report to a tailings storage facility. Raw water for processing will be sourced by seasonal pumping from the Falémé River, approximately 7km to the east, to a water storage dam. Mining from three open pits (Area D, Area A and Area D South) is assumed to be undertaken by a mining contractor utilising standard truck and shovel open pit mining methods. The project will include an on-site accommodation village housing part of the workforce, with the balance residing in adjacent communities. Power will be generated on site. Contractor mining will be undertaken from three open pits using industry standard truck and shovel mining methods. Ore cut-off grades were determined to be 0.5g/t gold for weathered and 0.6g/t gold for fresh materials. Metallurgical testwork returned high gold recoveries, averaging 96% (94% recovery used in Scoping Study), rapid leaching with low reagent usage and no evidence of refractory or preg-
robbing ore materials. An industry standard 2Mtpa gold processing plant, containing SAG/Ball circuit grinding to 75µm, classification, a gravity circuit, CIL, split AARL elution, electrowinning and smelting to produce gold dore was selected. Tailings from the CIL will undergo cyanide detox and report to a Tailings Storage Facility ("TSF"). Raw water for processing will be sourced by seasonal pumping from the Falémé River to a water storage dam. Process water will be supplied from the TSF decant water and thickener overflow. The project will include an on-site accommodation village housing part of the workforce, with the balance residing in adjacent communities. 12MW of power will be generated on site under a Build Own Operate ("BOO") contract arrangement.