Kiniéro Gold Mine

Kiniéro is PDI Gold’s flagship operating asset. It has a current mine life of nine years, with average gold production of 139,000oz per annum.

Kiniéro successfully achieved first gold pour in late 2025 and transitioned into commercial production in early 2026, marking a critical step in establishing PDI Gold as a leading West African gold producer.

Operations at Kiniéro have outperformed expectations to date, with the plant performing significantly above nameplate capacity. For 2026, PDI Gold has guided to gold production of 157,000-174,000oz at an all-in sustaining cost (AISC) of US$1,100-$1,300/oz.

Kiniéro provides near-term production and cash flow, underpinning the development pathway for the Bankan Gold Project and supporting the long-term growth strategy of the Company.

Kiniéro comprises a 398km² package, including the Kiniéro Mining Licences and the adjacent Mansounia Exploration Licence applications, which together host multiple deposits and substantial exploration upside.

Geology

Kiniéro lies within the Siguiri Basin in the Birimian Greenstone Belt of West Africa. The geology of the project area is characterised by volcanic and sedimentary lithologies comprising fine-grained sedimentary rocks and intrusive volcanic rocks in greenschist facies.

Gold mineralisation at Kiniéro is hosted in shear zones and is typically associated with late-orogenic and structurally controlled medium-grade lodes occurring within quartz veins or in quartz-veined fracture zones with inter-mineralisation intrusives.

Mining

The Kiniéro mine plan includes multiple deposits which will be mined using conventional open pit mining methods over the current nine-year mine life. Mining in upper oxide layers will be free-dig with drill-and-blast required in areas that mine through the transitional material into fresh rock. The free-dig nature of the oxide zones was confirmed by extensive previous mining at the site.

Mining at Kiniéro commenced in Q3 2025, ahead of first gold pour in December 2025. Initial mining is from the Sabali South open pit, where a grade control drilling program completed prior to production reported an 11.5% increase in tonnes, a 3.08% higher grade and 14.58% more contained ounces relative to the previous Mineral Resource calculation.

Processing

A new carbon-in-leach (CIL) plant is in operation at Kiniéro following construction and commissioning. The plant was designed for a life-of-mine nameplate capacity of 5Mtpa with ability to achieve 6Mtpa for oxide ore. The plant has significantly outperformed nameplate capacity since operations commenced.

The flowsheet includes two crushing circuits for oxide and fresh ores, a semi-autogenous grinding mill, ball mill, and pebble crusher (SABC circuit), dual CIL circuits, split Anglo-American Research Laboratories (“AARL”) elution, gold electrowinning, and carbon regeneration.

Exploration

Kiniéro sits within a highly prospective structural corridor and offers substantial upside through both brownfields and greenfields exploration.

PDI Gold has planned ~133,200 metres of drilling across approximately 1500 holes in 2026. The program will focus on near‑mine resource conversion, pit expansion opportunities and high‑impact new discoveries, with priority targets including Sabali, Mansounia, Mankan and the broader Northern prospects. This targeted exploration strategy is designed to extend mine life, improve strip ratios and strengthen long‑term production flexibility, positioning Kiniero for sustained growth.