Roxgold Receives Mining Permit and Breaks Ground at Séguéla Ahead of Initial Gold Production In 2022 - Seite 2

The Company’s final permitting milestone at Séguéla is the completion of the Mining Convention negotiation process. Discussions with the government of Côte d’Ivoire are ongoing.

Early Works

Figure 1 – Séguéla Camp Construction Kick-off

Following the receipt of the Environmental and Social Impact Assessment in September of this year (refer to Company press release dated September 28, 2020) and in anticipation of a positive development decision, the Company has broken ground at Séguéla to optimize the project critical path activities and expedite production at Séguéla.

Initial works include upgrading the site access road, construction of the accommodation village, and front end engineering of the processing plant. The intention of the early works activities is to enable a rapid ramp up to full construction next year with the aim of production commencing in 2022.

The Company is on track to complete the Feasibility Study for Séguéla in the first half of 2021.

Figure 2 - Séguéla Camp Facility Installation

Figure 3 – Séguéla Camp Clearing

Catalysts and Next Steps

Event		Timing
Ongoing infill, expansion and satellite target drilling program at Séguéla		Q1 2021
Drilling results from Boussoura		Q1 2021
Underground drilling program in 55 Zone at Yaramoko Mine Complex		Q1 2021
Feasibility Study for Séguéla		H1 2021
Formal Séguéla construction decision		H1 2021
Initial resource at Boussoura		H2 2021
Commissioning of Séguéla Gold Project		2022

About Roxgold

Roxgold is a Canadian-based gold mining company with assets located in West Africa. The Company owns and operates the high-grade Yaramoko Gold Mine located on the Houndé greenstone belt in Burkina Faso and is advancing the development and exploration of the Séguéla Gold Project located in Côte d’Ivoire. Roxgold trades on the TSX under the symbol ROXG and as ROGFF on OTCQX.