Morila Gold Mine • On 11 November 2020, an 80% interest in the...

Morila Gold Mine
• On 11 November 2020, an 80% interest in the Morila Gold Mine was
acquired from Barrick and AngloGold for US$29.87 million (A$41.4
million) transforming the Company into a gold producer.
• Morila is a world class asset that has produced in excess of 7.5 million
ounces of gold over 20 years from a 4.5Mtpa plant.
• Mineral Resources adjacent to and beneath the Morila pit, in tailings
and at satellite pits are estimated as at 31 December 2020 to be 37.7
million tonnes at 1.20 g/t gold for 1.46 million ounces of contained
gold.
• A Mineral Resource Estimate update for Morila and its satellites and
the life of mine plan are being prepared using prevailing gold prices
and both existing data and new drilling at satellite pits and the Koting
deposit.
• Production from Morila in the seven weeks since the mine was
purchased was 7,625 ounces of gold.

Goulamina Lithium Project
• Results of the Goulamina Definitive Feasibility Study confirm
Goulamina as one of the world’s best hard rock lithium assets for
scale and cost of production.
• The Company is completing a strategic review of the asset and will
advise shareholders of the outcome shortly.

Corporate
• A$73.8 million before fees was raised consisting of a two tranche
Placement to sophisticated investors to raise approximately A$64
million. A heavily oversubscribed Share Purchase Plan raised $9.8
million.
• Cash, bullion and cash equivalents available of A$27.2 million at 31
December 2020.
• Share price increased from 10.5 cents on 1 October 2020 to 15.5
cents as of 31 December 2020.
• The Company’s name changed to Firefinch Limited (ASX: FFX), the
Firefinch is the national bird of Mali.