“But there is still a lot of upside to Koka – with the deposit...

“But there is still a lot of upside to Koka – with the deposit still open at depth and
to the south, and we have a number of high priority targets to test within the
196km2 concession.
“Coupling today’s estimate with our earlier metallurgical results that indicate
+95% recovery, as well as the fact that this deposit starts from surface, we are confident that Koka has robust development potential and as such we have
commenced planning for the feasibility study.
“Given this excellent resource estimate and the fact that the Eritrean Government
recently awarded its first mining licence, confirming its commitment to mining and
the mining industry, we are very confident that the Koka Gold Project has the
potential for commercial development.”