Orezone Gold Corporation provide drill results from its Bomboré Gold Mine located in central Burkina Faso. The results are from Orezone's ongoing infill and advanced grade control program, which is designed to further delineate multiple high-grade structures within the Siga East and Siga South zones. Mining of higher-grade, free-digging oxides has now commenced at Siga East and mining is scheduled to commence at Siga South in Q4-2024.

Compared to the current zones mined, ore from Siga East and Siga South will significantly improve the grades delivered to the process plant in H2-2024 and into 2025. The Company reported that the community relocation from Siga East to the new MV3 community is nearing completion, which has allowed mining to commence at Siga East ahead of schedule. The Company expects to feed higher-grade, free-digging oxide ore from Siga East to the Bomboré oxide plant starting in late June.

This new source of ore will replace the lower grade oxide and transition ores currently being mined in the north, resulting in lower mining and processing costs as the harder transition ores require a certain amount of drill and blast and have a higher work index than oxide ores. At Siga South, infill grade control drilling will commence in Q3-2024. Upon completion of this program, combined with the southern extension of the main haul road, the Company expects to access additional high-grade, free-digging oxide ore from Siga South commencing in Q4-2024.

For the remainder of 2024 and in 2025, Siga East and Siga South will contribute to an increasing percentage of the mill feed, which is expected to increase head grades and reduce operating costs. Orezone reported that financing discussions for the Bomboré 2.5M tonnes per annum hard rock plant have progressed significantly with senior lender, Coris Bank. Term sheet negotiations are now in their final stages, and the Company expects to announce a binding debt package before the end of June.

The Company plans to commence major works on this brownfield expansion in early July, with first gold from the hard rock plant expected in Q4-2025.