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OUR PROJECTS

Misisi Project

Tier-1 Gold Opportunity, Targeting Resources of 5+ Moz Au

The Misisi Property hosts the Akyanga Deposit, which contains High Grade Open-Pittable Resources certified in NI 43-101 Technical Reports


Site 1: Akyanga Central (3.1 Moz Au)

Site 2: Akyanga East (0.6 Moz Au, Exploration Target)

  • The Misisi Property also hosts 16 significant Drill-Ready Exploration Targets defined by advanced explorations

  • Previous owners have spent $30 million on the Misisi Property

  • Fully Permitted 30-Year Mining Lease until 2045, covering 55km Long Gold Belt

Project Timeline

2004

Anvil Mining Ltd. Incorporated Leda Mining Congo S.A. to acquire Misisi area​​

2009

Anvil grants option to Casa Mining Ltd. to earn 75% interest by establishing mineable resource on property

2012

Anvil was acquired by Minmetals Resources Ltd. $1.3b for its copper/cobalt production and reserves

2015

30-year Mining License issued for entire 55 km long belt
 

Ownership revised according to mining law and J/V contract: 73.5% Casa, 21.5% MMG, 5% government

2018

Arc Minerals tables 3.1 Moz JORC compliant resource for Central Akyanga deposit

2023

In January 2023, Valorem Resources Inc. acquires Regency Valorem announced name change to Avanti Gold Corp., under ticker symbol “AGC” on the CSE

2004 - 2008

Anvil completes reconnaissance exploration programs

2009 - 2014

Casa completes significant drilling on Akyanga and regional exploration program over entire property

2014

Casa earns 75% by completing SRK scoping study on 1.4 Moz gold resource – positive economics

2016 - 2018

London-listed Arc Minerals acquires Casa Mining Ltd. and completes further drilling

2022

Regency acquires Casa Mining and completes DD and new 43-101 compliant resource report

Location & Infrastructure 

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Misisi

Project Overview
  • Owned 73.5% by Avanti, 21.9% by China base MMG Ltd and 5% carried interest by the DRC Government

  • Located 250 km south of Bukavu, the provincial capital of South Kivu

  • Three contiguous mining licenses covering 133 km2 of prospective exploration ground along the 55 km long Kibara Gold belt (expiring in 2045)

  • Hosts the Akyanga gold deposit with a 43-101 compliant Inferred Mineral Resource of 41 Mt at an average grade of 2.37 g/t containing 3.1 Moz

  • High-grade gold mineralization traced over much of the length of the belt

  • Two significant gold mines located approximately 50 km north of the Akyanga deposit (Twangiza and Namoya)

Robust High Grade Resources

3.1 Moz
Resource

An inferred resource of 3.1 Moz grading 2.16 g/t Au at Akyanga based on 500km of trenching and 22,000 m of drilling.

Open
for Expansion

Mineralization resource remains open for expansion both along strike and at depth.

Excellent
Recoveries

Up to 50% restored with gravity separation, 86% with heap leaching, as well as up to 94% with CIL.

Potential for
Low Strip Ratio

Mineralization in shallowly dipping, continuous quartz veins.

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Near-Term Growth Targets

  • Pit Optimization: Incorporating higher metal prices combined with refinement of engineering assumptions allows for the inclusion of mineralized material outside of the current pit shell. 

  • Extension Drilling: Mineralization remains open both along strike and down dip. 

  • Parallel Mineral Structure: Akyanga East defined by >3km trend with limited drilling.

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Akyanga East / Connection at Depth / South Extension / New Stacked Veins / Underground

Resources Infill & Expansion Drilling

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Exploration & Resource Expansion Drilling

Budgeted 10,000 metre drill program to commence in Q4/23 Initial phase will focus on expansion of Akyanga Central resource along strike and down-dip, + definition and inclusion of the Akyanga East Deposit in resources.

District-Scale Exploration

Additionally, definition drilling to deliver a maiden resource estimate for Ngalula, Tulonge and Mdende targets.

Project De-Risking

A Preliminary Economic Assessment to incorporate recent drilling planned for H3/23. In 2014, SRK Consulting and MDM Engineering completed a Scoping Study outlining a low-cost, low-strip, conventional open-pit heap-leach operation.

Community Engagement & Support

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  • Casa Mining has been working with the Misisi Township and artisanal mining co-operatives since 2010

  • Casa Mining has completed multiple phases of drilling and exploration with local agreements and co-operation

  • Artisanal mining co-operatives are organized by the Ministry of Mines and are informed and supportive of the companies planned exploration

  • Significant community projects and employment programs completed

    • Rehabilitated 6 schools, constructed one new school

    • Constructed community meeting hall

    • Constructed Etuhu river bridge

    • Adult literacy program

  • Avanti signed a formal profit sharing and cooperation agreement with Sycomines, the licensed and permitted artisanal gold mining association currently operating on the Avanti project areas

  • Avanti will continue and expand community projects and partnerships

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