Desert Gold Provides Update on Barani East Gold Project Site Development Activities

Core Viewpoint - Desert Gold Ventures Inc. is advancing its Barani East gold project in Mali through a phased approach focused on infrastructure readiness, risk reduction, and disciplined capital deployment [2][14]. Site Preparations and Infrastructure Activities - The company has initiated site preparations and infrastructure works, including civil works, upgrading access roads, and constructing internal roads to support future plant installation [3][7]. - Activities also include the preparation of the ROM pad, construction of plant foundations, and development of water supply infrastructure [7]. - The goal of these activities is to reduce future construction timelines and support efficient execution of subsequent development phases [4]. Processing Equipment Procurement - A modular, gravity-based gold processing plant is being procured, designed for a nominal throughput capacity of approximately 10 tonnes per hour, with potential expansion to 50 tonnes per hour [5][8]. - The processing equipment is currently under manufacture and is expected to be delivered after factory acceptance testing [9]. Metallurgical Recovery and Processing Strategy - Initial metallurgical test work indicates gravity gold recoveries of approximately 68%, with potential for up to 92% recovery using carbon-in-leach (CIL) processing [10][11][13]. - Material not recovered during gravity processing will be stockpiled for potential future processing, with CIL processing considered for long-term development [11]. Development Strategy - The phased development approach is intended to maintain capital efficiency while progressing key development activities as technical work advances and funding options are evaluated [14]. - The company plans to provide updates to the market as material milestones are achieved [14].