Fekola Mine & Anaconda Area – Mali

The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500 km due west of the capital city, Bamako. The Anaconda Area is located 20 km north of the Fekola Mine licence area.

In 2022, approximately $27 million is budgeted to be spent on exploration in Mali, focusing on the Anaconda area (comprised of the Menankoto Permit and the Bantako North Permit) - approximately $17 million; Cardinal/FMZ; Fekola Deeps and Fekola North. A total of 112,500 meters of diamond and reverse circulation drilling is planned.

Following the receipt of the Menankoto Permit in Mali, the Company plans to expand the scope of its exploration activities on the Anaconda Area (comprised of the Menankoto Permit and the Bantako North Permit) to build on the successful exploration programs already completed to date. The Company plans to continue focusing on upgrading and expanding the existing Anaconda Area saprolite Inferred Mineral Resource estimate of 21.6 million tonnes at 1.11 g/t for 770,000 ounces for the Anaconda Area (originally released in June 2017). An updated Mineral Resource estimate based on the results from the extensive 2020 and 2021 infill and exploration drill program is expected in the first quarter of 2022 and will feed into engineering studies currently underway. This new resource estimate will also include an initial Mineral Resource estimate for the sulphide material below the existing saprolite resource. The Company will continue to follow up on the sulphide mineralization at the Mamba, Adder and several other targets below the saprolite mineralization in 2022.

Closer to Fekola, an updated Mineral Resource estimate for the Cardinal zone is expected to be completed in the first quarter of 2022. This will enhance production of ore which is being mined and processed at the Fekola plant. Drilling down plunge of the high-grade portions of the Cardinal zone in 2021 has been successful and will be continued in 2022.

Deeper drilling beneath and down plunge of the Fekola open pit is planned to follow high grade shoots that could potentially be amenable to mining underground. The Company will also continue to track the main Fekola structure north of the existing open pit.

For the latest details and news releases/most recent company documents pertaining to the Company's Fekola Mine and Anaconda Area:

  • Click here for B2Gold's Q4 2021 Earnings news release (dated December 31, 2021)
  • Click here for B2Gold Reaches Agreement in Principle on the Menankoto Permit, Located Near the Fekola Mine news release (dated December 9, 2021)
  • Click here for B2Gold's Q4 2021 Management Discussion & Analysis ("MD&A") (dated December 31, 2021)
  • Click here for B2Gold's Q4 2021 Financial Statements (dated December 31, 2021)
  • Click here for B2Gold's 2021 Annual Information Form (dated March 30, 2021)

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