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New capital allocation framework positions Ecora firmly for Energy Transition growth

Ecora Resources PLC

Ecora Resources PLC CEO Marc Bishop Lafleche discusses the company's transition away from its Kestrel royalty and its impact on the company's 2023 financials, highlighting periods of variable mining activity within the orchestral royalty area. In an interview with Proactive's Stephen Gunnion, Bishop Lafleche said this transition is part of a broader shift towards future-facing commodities, resulting in volume growth across the company's portfolio excluding Kestrel. Despite this, strong metal pricing has continued to make cash flow from royalties a significant revenue source. For 2024 and 2025, volume growth is expected across various assets, including Kestrel, Voisey's Bay, and others, contributing to the company's growth. Bishop Lafleche said the current challenging market for mining companies presents opportunities for Ecora, especially in leveraging the royalty partnership model as a mainstream funding source. This dynamic allows Ecora to grow and diversify its business while maintaining a disciplined investment approach and a high-quality asset base. Ecora also announced an updated capital allocation framework, including a change in dividend policy, emphasizing growth, balance sheet strength, cash dividends, and share buybacks. The share buyback program is seen as a strategic move to capitalize on the current discount to estimated net asset value, recycling capital effectively. Development projects remain a significant part of Ecora's value proposition, with a shift from nearly all assets being income-producing in 2015 to a more diversified asset base today. The company expects de-risking events and operating updates to provide clarity on income generation from these assets in the near future. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 08:52 AM Eastern Daylight Time

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Inspired reports strong 2023 performance as it gears up for further success in 2024

Inspired PLC

Inspired PLC chief executive Mark Dickinson takes Proactive's Stephen Gunnion through the highlights of the company's 2023 financial year, including double-digit organic growth in revenue, adjusted EBITDA, and pre-tax profit, marking the successful execution of a transformation into a full-suite sustainability service provider. For the first time, Dickinson said Inspired has also introduced non-financial KPIs, highlighting effective cross-selling and increased revenue per customer. With over 600 customers using multiple division services and a significant increase in optimization projects, the company demonstrates its ability to meet the repeatable demand for carbon emission and energy consumption reduction. Despite challenges in the energy markets, he said Inspired sees an improved backdrop, advising long-term flexible contracts for businesses to manage energy crises effectively. Looking forward, the first quarter of 2024 showed solid performance and improved cash conversion metrics. The company anticipates further success from its cost sales strategy, with the assurance division maintaining trusted client relationships and the ESG division capitalizing on new legislation like the corporate sustainability reporting directive in Europe. The optimisation division is seen as a key growth driver, focusing on reducing carbon emissions and energy consumption. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 08:44 AM Eastern Daylight Time

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Texas Billionaire Investing in Colombian Natural Gas Ahead of Projected Shortage

MarketJar

Despite its significant potential, Colombia’s energy sector is heading towards a major natural gas shortage by next year. The oil and gas market is the key to Colombia’s national revenue, accounting for roughly 10% of GDP and 20% of exports. However, decreasing onshore production, delayed start-up of new offshore discoveries and President Gustavo Petro's focus on renewable energy are creating ongoing challenges in the sector. This shortage is compounded by the challenges caused by El Niño and declining oil and natural gas reserves, as Colombia strives to maintain its position in the global energy market. El Niño has reduced hydropower generation in Colombia, increasing reliance on natural gas for electricity and boosting demand amid a tight supply. By 2025, Colombia's natural gas supply will fall short of demand by 17% according to state-owned oil producer Ecopetrol SA. What’s more, Colombia's proven oil and natural gas reserves can last only around seven more years at the current extraction rate. While recent gas discoveries offer some hope, Colombia is still grappling with the challenge of declining reserves and struggling production. In response, Colombia's state-run oil company, Ecopetrol, plans to invest up to $6.7 billion in 2024 to boost exploration and production activities, as well as developing new technologies to improve efficiency and sustainability in the sector. Rod Lewis, founder of Lewis Energy Group and self-made billionaire, sees major potential in Colombia’s natural gas market and in Latin America, in general. In the early 2000s, Lewis established a private subsidiary named Lewis Energy Colombia, which has operated in Colombia for 17+ years, with a significant runway ahead to grow and help meet the growing natural gas demand. But to realize its full potential, it needed a dedicated and experienced management team, which is where the newly listed TSXV’s LNG Energy Group Corp. (TSXV:LNGE) (OTCQB:LNGNF) (FRA:E26) comes in. LNG Energy Group acquired Lewis Energy Colombia, Inc. in August of 2023 and went public on the TSXV the following month on September 12, 2023. Its management and board of directors bring together a combination of financial, legal and operational experience to grow the business rapidly and capitalize on the Latin American energy opportunities identified by Rod Lewis. He remains the largest investor in LNG Energy Group, which speaks volumes about his commitment to Colombia, Latin America and the team selected to drive business value. LNG Energy Group Targets Ambitious Growth in 2024, Outlines Robust Production and Financial Goals After a year focused on strategic acquisitions and financial structuring, particularly with the successful acquisition of Lewis Energy Colombia, LNG Energy Group Corp. (TSXV:LNGE) (OTCQB:LNGNF) (FRA:E26) is now turning its focus towards enhancing its portfolio of producing wells. LNG Energy recently announced its 2024 production and capital guidance, signaling a promising year ahead with significant operational and financial milestones. The company expects to achieve a gross production rate of between 40 million cubic feet equivalent per day (MMcfe/d) and 44 MMcfe/d in 2024, which is anticipated to generate an EBITDA of between US$33 million and US$39 million, assuming an average gas price of US$7.50 per thousand cubic feet (Mcf). LNG Energy Group has identified more than 20 prospects that hold over 1 trillion cubic feet of prospective resources 1 and with an exploration and development budget of $10-$12 million, the company is planning a five to six well work-over campaign and drilling one development well and two to four exploration wells in 2024. These efforts are expected to significantly boost production by up to 15% year-over-year to 22 MMcfe/d net. LNG Energy Group also plans to capitalize on take-or-pay contracts already in place, which have a locked-in weighted average natural gas sales price of $7.50 per thousand cubic feet ($/Mcf) for a volume of 18.1 million cubic feet per day (MMcf/d). Operating netback is anticipated to be between $5.40 and $5.50/Mcfe. These contracts are particularly significant, considering Colombia’s soaring gas prices which are three times higher than the Henry Hub benchmark and AECO prices. LNG Energy Group 's ability to secure prices averaging US$8.40/Mcf, and expecting US$7.50/Mcf for 2024 represents a substantial premium to US natural gas prices and underscore the competitive edge these contracts offer. LNG Energy Group Corp. (TSXV:LNGE) (OTCQB:LNGNF) (FRA:E26) also recently announced its 2023 year-end reserves evaluation results, which revealed a notable 26% increase in the before-tax NPV10 value of its Proved plus Probable reserves to US$306 million, or C$2.67 per share. The value of its Proved (1P) reserves reached US$171 million (C$1.49 per share), while its Proved plus Probable plus Possible (3P) reserves increased to US$577 million (C$5.04 per share). By the end of 2023, the company’s 1P reserves had a reserve life index of 7.9 years, and its 2P reserves had a reserve life index of 14.3 years. Additionally, over the last three years, LNG Energy has maintained a net reserves replacement ratio of 193% on a 1P basis and 336% on a 2P basis, indicating strong reserve growth and sustainability prospects. The company estimates it can produce at its current rate for nearly 8 years with its proven reserves and over 14 years with its proven and probable reserves. “The current market price of the Company’s common shares represents a significant discount to the NPV10 for 1P reserves which is C$1.49 per share,” said Pablo Navarro, LNG Energy ’s Chairman and CEO. “The Company has a reserves life index of 7.9 years on a 1P basis and a net reserves replacement ratio of 193% on a 1P basis. These reserves are located on acreage that represent less than 2% of our total acreage and we look forward to launching our 2024 activity set.” With over 40 years of experience in natural gas and more than 17 years of operations in Colombia, LNG Energy Group understands how to grow in international jurisdictions and is well-positioned to lead the country’s transition. Click here to learn more about LNG Energy Group Corp. (TSXV:LNGE) (OTCQB:LNGNF) (FRA:E26). [1] https://cdn-ceo-ca.s3.amazonaws.com/1iitanp-Canaccord%20Initiating%20Report.pdf Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, LNG Energy Group Corp. Market Jar Media Inc. has or expects to receive from LNG Energy Group Corp.’s Digital Marketing Agency of Record (Native Ads Inc) one thousand five hundred USD for this article. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding LNG Energy Group Corp.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to LNG Energy Group Corp.’s industry; (b) market opportunity; (c) LNG Energy Group Corp.’s business plans and strategies; (d) services that LNG Energy Group Corp. intends to offer; (e) LNG Energy Group Corp.s milestone projections and targets; (f) LNG Energy Group Corp.’s expectations regarding receipt of approval for regulatory applications; (g) LNG Energy Group Corp.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) LNG Energy Group Corp.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute LNG Energy Group Corp.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) LNG Energy Group Corp.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) LNG Energy Group Corp.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) LNG Energy Group Corp.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of LNG Energy Group Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) LNG Energy Group Corp.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact LNG Energy Group Corp.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing LNG Energy Group Corp.’s business operations (e) LNG Energy Group Corp. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, LNG Energy Group Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does LNG Energy Group Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither LNG Energy Group Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of LNG Energy Group Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of LNG Energy Group Corp. or such entities and are not necessarily indicative of future performance of LNG Energy Group Corp. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

March 27, 2024 08:30 AM Eastern Daylight Time

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Kodal Minerals reports significant progress at Bougouni lithium project in Mali

Kodal Minerals PLC

Kodal Minerals PLC (AIM:KOD) CEO Bernard Aylward joins Proactive's Stephen Gunnion with details of the latest milestones at the Bougouni lithium project in southern Mali. Aylward highlighted that the project has seen significant progress following the completion of a transaction last November, ensuring the development is fully funded, including Phase One development, exploration, and further developments. The integration of teams from Kodal Minerals and their joint venture partner, Hainan Mining, has led to engineering improvements for better recovery and optimisation of the project. Work on Dense Media Separation (DMS) units and the crushing circuit has commenced, with mining contractors expected to mobilise soon. The initial focus will be on civil work, including site preparation and clearing, to ready the operation for commissioning in late October or November, aiming for full production by year-end. Phase One of the project involves a quick development process with a capital expenditure of $65 million. Phase Two aims to extend the mine life to 10-15 years, increasing production to over 370,000 tonnes per annum by adding a flotation plant for processing ore from additional prospects. Aylward said the project enjoys support from the Malian government and local communities, with the Environment Minister visiting the site and expressing satisfaction. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 08:29 AM Eastern Daylight Time

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Hydrogen Utopia and Powerhouse Energy CEOs discuss joint hydrogen facility in Longford

Hydrogen Utopia International PLC

Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) CEO Aleksandra Binkowska and Powerhouse Energy Group PLC (AIM:PHE) CEO Paul Emmitt join Proactive's Stephen Gunnion with details of their joint venture to develop a facility in Longford, Republic of Ireland, for converting non-recyclable plastic waste to hydrogen. The CEOs discussed the strategic significance of the project. Longford, identified through the EU's Just Transition Fund for its high unemployment and demand for hydrogen, presents a promising opportunity. The city, historically industrial with varied factories including a closed denim factory, has faced economic decline and job losses. The project aims to revitalise Longford, leveraging the site's advantages such as its location, existing industrial infrastructure, and the supportive community. The joint venture entails Powerhouse Energy providing engineering expertise and Hydrogen Utopia International contributing the site, with the partnership structured around equal financial contributions and shared development responsibilities. Commercial terms include a €100,000 initial payment from Powerhouse Energy to Hydrogen Utopia International, followed by shared development costs and further payments upon achieving project milestones. The project's approach is technology-agnostic, deferring the decision on which hydrogen technology to deploy until necessary approvals are secured to ensure project viability. The next steps focus on community engagement, educating Longford's residents about hydrogen technology's benefits and potential job creation. The CEOs also highlighted ongoing efforts to secure additional funding and grants. The collaboration signifies a move towards sustainable energy solutions, aiming to demonstrate a successful model for similar projects in Europe. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 08:21 AM Eastern Daylight Time

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Revenue Management Solutions Reveals the Future of Restaurant Pricing With Launch of AI-Powered Price Studio Solution

Revenue Management Solutions

Revenue Management Solutions (RMS), a global leader in restaurant data analytics, today unveiled Price Studio, a groundbreaking AI-powered dashboard that will evolve strategic restaurant pricing and deliver new levels of profitability for restaurant brands. Price Studio sets a new standard in restaurant pricing strategy by marrying RMS’ unparalleled expertise with the latest AI technology. The easy-to-use solution empowers franchisees and multi-unit brands to build and test the viability of complex pricing scenarios within minutes without negatively affecting customer traffic. “Since 2019, average menu prices have increased as much as 40%, and customer traffic is declining,” said John Oakes, CEO of RMS. “In this environment, making well-informed pricing decisions is crucial. Price Studio incorporates data across the full pricing environment so brands can simulate price scenarios that create real value for customers and their business — all from their desktop.” Powered by Experience and Innovation Drawing on three decades of pricing expertise, RMS engineered Price Studio as part of a comprehensive suite of solutions that uses technology to simplify an increasingly competitive pricing landscape. The platform is the first to incorporate data across internal and external sources, including historical customer behavior, seasonality, RMS’ patented consumer price elasticity scores, competitor pricing insights from over 170,000 restaurants and POS data. Comprehensive Insights for Profitable Decision-Making Price Studio’s AI capabilities deliver price recommendations alongside actionable insights into revenue, traffic and cost implications. Through the easy-to-use dashboard, brands can test and implement pricing adjustments across entire menus and directly export them to their restaurant’s POS system, streamlining a process that traditionally would take months. Users can uncover pricing opportunities across all menu items, compare margin impacts by price tier and category, and identify potential traffic risks and margin challenges. Price Studio ensures that pricing strategies align with marketing initiatives and brand pricing rules to guide users toward profitable pricing strategies at all levels, including individual locations, regions or entire systems. Finding Value in Your Price Strategy In addition to identifying opportunities to adjust pricing on popular items without negatively affecting sales, Price Studio flags items that might be overpriced and could benefit from a reduction, all through its intuitive dashboard. By quickly analyzing the potential outcomes of pricing changes, brands can craft a strategic, targeted and profitable pricing strategy that protects their customer value equation. “Price Studio helps restaurants create profit-driven pricing strategies tailored to their customers' willingness to pay and their perception of value,” said Oakes. “Thanks to the platform, brands can test and learn in less time than ever before while still weighing the many factors that affect the value equation, such as menu mix, item trading relationships, brand integrity and changing customer behavior.” Learn more about Price Studio and how it can revolutionize your restaurant’s pricing strategy at https://www.revenuemanage.com/. About Revenue Management Solutions For 30 years, Revenue Management Solutions (RMS) has partnered with restaurant brands to deliver actionable insights and data-driven solutions to boost sales, streamline costs and maximize profitability. Its AI-powered solutions support 100,000-plus locations worldwide, empowering brands to navigate challenges such as inflation and labor costs with confidence. Unlock the power of your data with RMS by visiting www.revenuemanage.com. Contact Details Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Company Website https://www.revenuemanage.com

March 27, 2024 08:15 AM Eastern Daylight Time

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i3 Energy announces strategic refinancing and positive reserves update

i3 Energy PLC

i3 Energy PLC (AIM:I3E, TSX:ITE, OTC:ITEEF) chief executive Majid Shafiq joins Proactive's Stephen Gunnion with details of a positive refinancing for the company. The company has entered into a reserve-based lending (RBL) facility, secured against its Canadian reserves and assets. The facility totals C$75 million, comprising a C$55 million revolver and a C$20 million operating loan, with an option to index the rate to the Canadian prime rate. This new arrangement offers a slightly better interest rate compared to the previous loan and is expected to reduce as central bank interest rates fall. It also effectively halves the company's current interest costs due to cash balances being held with the lending bank, offsetting the loan. Shafiq said the refinancing has freed up $25 million Canadian annually, previously allocated to amortising the existing loan. This amount will now be reinvested in the business. Approximately C$50 million remains undrawn from the new facility, available for future investment to grow the business. The flexibility and lower interest payments provided by this facility are highlighted as significant benefits. Shafiq emphasised the importance of partnering with a Canadian bank, noting their understanding of the Canadian oil and gas sector and the capability to assess risk accurately, leading to potentially lower capital costs. This relationship is also strategic for accessing development capital for organic growth and mergers and acquisitions (M&A). Shafiq said the company's 2023 reserves update reveals stable reserves despite production, with 93 million barrels 1P and 180 million barrels 2P. He said this stability, achieved with minimal capital expenditure due to low gas prices, underscores the quality of i3 Energy's assets and its efficient management. The company maintains a low production decline rate and a diverse portfolio, enabling flexibility in response to commodity price changes. Looking ahead, Shafiq said i3 Energy plans to use its enhanced liquidity for growth initiatives and will update the market on its capital programme. The relationship with a major Canadian bank is expected to provide significant flexibility and options for the company's growth strategy. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 08:12 AM Eastern Daylight Time

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KEFI Gold and Copper makes progress towards financial close for Tulu Kapi gold project in Ethiopia

KEFI Gold and Copper PLC

KEFI Gold and Copper PLC has made further progress on its Tulu Kapi gold project in Ethiopia, crossing another milestone with the $320 million development budget. Executive chairman Harry Anagnostaras-Adams discussed the complexities of raising substantial funds in a new jurisdiction for mining, highlighting the challenges and achievements in navigating development banking and financing in a frontier market. In an interview with Proactive's Stephen Gunnion, discussed the complexities of raising substantial funds in a new jurisdiction and mentioned the normalcy of the project's development pace, considering the pioneering nature of their work in Ethiopia, including overcoming regulatory obstacles and securing protections necessary for mobilizing the required capital and personnel. Anagnostaras-Adams also elaborated on recent regulatory changes that have positively impacted the project's finance costs by altering the debt-to-equity ratio. Initially facing a closed economy with a 50% borrowing limit, KEFI Gold and Copper secured a major concession allowing a 70:30 ratio, which was further improved to 80:20 by the National Bank of Ethiopia. This adjustment enables the use of more lower-cost capital, significantly benefiting the project. Looking forward, KEFI Gold and Copper aims to finalize agreements and refresh key components of the project by the end of May, with a final model and schedule set by the end of June. This includes updating the plant costing, property surveys for resettling communities, and adjusting the mining contractor's rise and fall clause for inflation. The company is coordinating with every syndicate party across various countries to ensure alignment and adherence to the timeline, emphasizing the collaborative effort to navigate development funding in Ethiopia. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 08:09 AM Eastern Daylight Time

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Awalé Resources unveils another high-grade gold discovery in Côte d'Ivoire

Awalé Resources Ltd

Awale Resources Ltd (TSX-V:ARIC) CEO Andrew Chubb joins Proactive's Stephen Gunnion with an update on the drilling programme at the Odienné project in Côte d'Ivoire, highlighting a particularly remarkable drill hole at the Charger target as "nothing short of spectacular." Chubb said the drill hole yielded 32 metres at 45.7 grammes per tonne of gold within a 57-metre interval averaging 26 grammes per tonne. Chubb described this find as the best drill hole of his career, noting its consistency of high-grade mineralisation without reliance on large gold nuggets, which underscores the significance of the find. Chubb also indicated that Awalé Resources has only begun to explore the project's potential and announced plans for follow-up drilling. The imminent drilling programme will target both the BBM and Charger sites, with rigs expected to commence within two weeks. The BBM target, announced last week as a new discovery, and the Charger target, known for its visible gold breccia pipe system, are areas of focus due to their previously identified high-grade intercepts. Chubb expressed enthusiasm for the future, citing the Odienné project's drilling results as among the highest-grade gold sections in Africa in decades. With 25,000 metres of drilling planned for the year, he anticipates further significant discoveries and commits to keeping stakeholders informed on the project's progress. Contact Details Proactive +1 604-688-8158 na-editorial@proactiveinvestors.com

March 27, 2024 08:05 AM Eastern Daylight Time

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