Update on Jonnagiri Gold Project – intimated by Geomysore Services (India)
Private Limited (GMSI)

We are pleased to announce that we have been informed by GMSI that a pilot process plant
for producing gravity gold concentrates has been commissioned at their key Jonnagiri Gold
Project in Andhra Pradesh. This Plant will be producing gravity gold concentrates from the
gold ore that is being mined from the open pit at Jonnagiri ML area which is already in
operation.

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