The Mupane deposits are located in an area known as the Mupanipani Hills, ridges formed by outcrops of banded siliceous and graphitic iron formation (GIF). These units of so-called „iron formation? are hosted by a sequence of metasediments, including coarse grained carbonate bearing conglomerates, para amphibolites, marbles, metapelites and minor orthoamphibolites. The host rocks are all variably schistose depending on the abundance of micaceous components (Tomkinson and Putland 2006).

The geology of the properties and the style of the gold mineralisation varies between the various deposits.

The Tati Greenstone Belt (TGB) hosts numerous small scale nickel and gold deposits.

The nickel deposits consist almost entirely of disseminated to semi massive sulphide bodies hosted by a series of late stage troctolitic intrusive bodies on the northeastern edge of the greenstone belt.

The belt has been extensively prospected in the past due to the abundance of numerous small scale narrow quartz vein hosted gold deposits. These deposits are all clearly related to late stage, high level brittle shear zones developed within the volcanics and sediments of the belt.

The deposits were generally refractory in the fresh sulphides and contained significant amounts of arsenopyrite and some stibnite although the gold is principally hosted within pyrite and to a lesser extent pyrrhotite (i.e. Map-Nora Lodes). The alteration associated with the ........

The Corporation continued to mine from the Tau deposit at the Mupane Property during the year ended December 31, 2021 (“2021”), and continued cut mining operations at Dinokwe and at Golden Eagle’s Kite pit, and underground operations at Golden Eagle.

- Tau – For 2021, 167,041 tonnes at 1.88 g/t were mined compared to 262,046 tonnes at 2.39 g/t for the year ended December 31, 2020 (“2020”). The mined tonnes for 2021, have been impacted by the COVID-19 restrictions and increasing mine depth, while the grade decreased as a result of a change in the mining location within the ore body.

- Dinokwe – Dinokwe – The Corporation continued mining the small scale open pit mine at Dinokwe,
approximately 7 kilometres from the Mupane processing plant.

- Golden Eagle – During the 2021, the Corporation continued underground mining operations as well as Kite open pit operations at its Golden Eagle property located approximately 26 kilometres from the Mupane Property. Historically an open pit operation, the Corporation has continued development on an underground portal, and open pit mining.

- Monarch and New Zealand – In 2021, the Corporation transported 106,560 tonnes at an average grade of 0.76 g/t from the New Zealand sands compared to 278,269 tonnes at an average grade of 0.87 g/t, with the 2021 tonnages lower due to operations scaling down due to depletion of material availability.

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