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Dec 11, 2017· (See the technical report dated October 19, 2016 and filed on SEDAR titled “Independent Technical Report on the Waterberg Project Including Mineral Resource Update and Pre-Feasibility Study”.) Much of the Waterberg Project area remains to be drilled and assessed. The Waterberg …

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South Rand area of the Witwatersrand Basin of South Africa. This report is entitled “Technical report on the Burnstone Gold Project, Mpumalanga Province, South Africa”. Its purpose is to document the results of a bankable feasibility study and the overall economic review of the Burnstone project.

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The feasibility study premise was based in part on a Pre-Feasibility study that was completed by Hatch in 2003. The feasibility study has confirmed the general concepts of a phased redevelopment, restoration of economically viable operations within a very short time and low capital costs relative to the restored production capacity.

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Optimization of the methods utilized for the Company’s October 2016 Waterberg Pre-feasibility Study is in progress. (See the technical report dated October 19, 2016 and filed on SEDAR titled “Independent Technical Report on the Waterberg Project Including Mineral ... Proposed changes in the mineral law in South Africa if implemented as ...

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