Benoit La Salle

That is 5 km of a structure that is much, much bigger than this, which we will keep drilling.

Boumadji district...It's 800 square kilometers of ground that we have.

And that is 5 km of a structure that is much, much bigger than this, which we will keep drilling.

This year, we will be drilling approximately 240,000 m, which is a $60 million budget. And next year, in 2027, we will drill another 240,000 m

We have the lowest discovery cost of the industry. So far, we've discovered a bit of more than 600 million oz of silver equivalent, and our discovery cost is 10 cents.

in an area which is 1,600 km long that has not been explored much and where we have two world-class discoveries

we've discovered a bit of more than 600 million oz of silver equivalent

Séguala is a 6 million oz producer.

So far, we've discovered a bit of more than 600 million oz of silver equivalent, and our discovery cost is 10 cents.

Séguala is a 6 million oz producer. Boumadine will be 37 million oz of silver of production per year.

Séguala is a 6 million oz producer

Boumadine will be 37 million oz of silver of production per year

We have the largest silver silver mine in Africa called Imiter, which is in production

We have the largest silver silver mine in Africa called Imiter, which is in production

Where do you have a project with a CAPEX or capital expenditure of 440 million that will produce in gold equivalent 400,000 oz of gold for 11 years with an ASIC of $900.

for 11 years with an ASIC of $900

with a a cash cost of $1625 and an ASIC of about $19.

one point between 1 million and 1.2 million ounces of silver coming out of the stockpile at an ASIC of $11.

Just for the quarter, we generated $70 million of of free cash flow.

it's got one mine in production generating 200 to 2300 million this year of free cash.

it's got one mine in production generating 200 to 2300 million this year of free cash

we're making between three and four million US uh a month of profit

Where do you have a project with a CAPEX or capital expenditure of 440 million that will produce in gold equivalent 400,000 oz of gold for 11 years with an ASIC of $900.

Where do you have a project with a CAPEX or capital expenditure of 440 million

a CAPEX or capital expenditure of 440 million that will produce in gold equivalent 400,000 oz of gold for 11 years

will produce in gold equivalent 400,000 oz of gold for 11 years

with a a cash cost of $1625 and an ASIC of about $19.

We drilled last year 200,000 m, which is, you know, a $45 million budget.

This year, we will be drilling approximately 240,000 m, which is a $60 million budget.

one mine in production generating 200 to 2300 million this year of free cash

We have cash in the bank. We have silver in in the vault.

you've also announced capbacks of 36 million for 2026.

the second project, called Boumadine, we are completing the uh revised PA, and we're completing a feasibility study.

This year, we will be drilling approximately 240,000 m, which is a $60 million budget.

And next year, in 2027, we will drill another 240,000 m uh for a similar budget.

next year, in 2027, we will drill another 240,000 m uh for a similar budget.

This year, we will be drilling approximately 240,000 m, which is a $60 million budget.

we are so we we are you know shipping this uh 10,000 ton uh every every month for two years for 24 months and we're making between three and four million US uh a month of profit

Uh after that you'll have the Q1 production coming in April.

now we're executing. So that that thing is done. It was built below budget and um approximately on time and now it's running very well. and uh yeah now we're executing. So that that thing is done.

we are in construction starting at the end of this year, next year and 2028 for production

starting at the end of this year, next year and 2028 for production

we are in construction starting at the end of this year, next year and 2028 for production

strong project of this industry in development and in construction to be ready by 2029

ready by 2029

strong profitability, strong cash flow and one of the best project of this industry in development and in construction to be ready by 2029.

Aya in Morocco is the most important player as as a public company.

Aya in Morocco is the most important player as as a public company.

you have a, you know, two districts, the Seguela district and the Boumadji district. And Boumadji we're also building a second mine there, but it's also a district. It's 800 square kilometers of ground that we have.

discovered six mines, built four, and sold this company to Endeavour in 2019

discovered six mines, built four, and sold this company to Endeavour in 2019...shareholders have made some have made up to 60 times their money

the name plate capacity of of the complex is 2,700 ton a day and now we're running at 3,700 ton a day. So we're already like almost 30% above name plate capacity.

Last year at Gundere we produced 4.8 8 million and this year ads gundere will produce 5.8 million ounces. So you know all the KPIs that you need to manage in a in a ramp up plant availability is is impeccable at 96% plant recovery is 92% 90% again very very good mine throughput I plant throughput is 3,700 and mine throughput is about 4,500.

The metallurgy at Bou Madine has been looked at. We have a lot of work, and and what we've told you is, you know, there is a solution to get to the high or mid-90% recoveries.

The metallurgy at Bou Madine has been looked at. We have a lot of work, and and what we've told you is, you know, there is a solution to get to the high or mid-90% recoveries.

there is a solution to get to the high or mid-90% recoveries.

the grade is is is affected by by your mining method. So you do your reserve and your resource at $28 silver. But when you mine and the mine captain calls you and he says, "Hey, I just hit 60 meter of 100 gram, I leave it there or and I back fill or I take it out."

We have the lowest discovery cost of the industry. So far, we've discovered a bit of more than 600 million oz of silver equivalent, and our discovery cost is 10 cents.

Where do you have a project with a CAPEX or capital expenditure of 440 million that will produce in gold equivalent 400,000 oz of gold for 11 years with an ASIC of $900.

our all-in cost will be on on life of mind at at Gundere, the all-in cost will be like $19. Well, if you know the selling price is uh 90 for simplicity, less 19 or less 20, you have a $70 margin.

we have our New York listing that's coming in our NASDAQ listing that should be coming in uh in in in Q2. we will file with the we we were just waiting for the fresh financial statements.

you'll have uh drill results because we have 18 drills turning. So you have drill results coming out from Zundere and the whole program and drill results coming out from Bumadin.