Otjikoto Gold Open Pit Mining Method

B2GoldA Low-Cost International Senior Gold Producer,

5. Mineral Reserves that will be mined by open pit methods or are in stockpiles, are based on a conventional open pit mining method, gold price of US$1,500/oz, metallurgical recovery of 98%, selling costs of US$63.49/oz Au including royalties and levies, average mining cost of US$2.27/t mined, average processing cost of US$12.06/t processed, and site general costs of US$3.07/t processed.

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B2GoldA Low-Cost International Senior Gold Producer,

5. Mineral Reserves are based on a conventional open pit mining method, gold price of US$1,500/oz, metallurgical recovery of 94%, selling costs of US$126.38/oz Au including royalties, average mining cost of US$2.04/t mined, average processing cost of US$14.84/t processed, and site general costs of US$6.62/t processed.

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Osino Reports Wide, High-Grade Intercepts Below Pit Shell,

May 27, 2021· Drilling Ongoing With 9 Rigs at Twin Hills Gold Project, Namibia Figure 1 Twin Hills Resource Drill Program (gm values based on unconstrained intercepts)

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