OCTOBER 2026
MINERAL RESOURCE ESTIMATE
Gold Resource more than triples
First systematic drilling at M’Basso takes Zaranou past 1 million ounces
October 2026 Zaranou MRE (JORC 2012)
1.20Moz Au
29.0 Mt at 1.28 g/t Au
365
Nov 2025
1,196
Oct 2026
Inferred Mineral Resource at a 0.5g/t Au cut-off, reported on a 100% Project basis.
>1Moz
Million-ounce
milestone passed
3%→73%
M’Basso share
of the Resource
~831koz
Gold added in
under 12 months
<A$9/oz
Discovery &
definition cost
M’Basso Deposit
M’Basso now hosts 873 koz Au at 1.13 g/t, defined over ~2km of strike and to ~200m depth, and still open along strike and at depth.
Click to enlarge
Optimised pit shell: US$3,500/oz Au · Reported at a 0.5 g/t Au cut-off
Mineral Resource Estimate
US$3,500/oz optimised shell, 0.5 g/t Au cut-off
| Deposit | Mt | g/t Au | koz Au |
|---|---|---|---|
| M’Basso | 24.0 | 1.13 | 872.6 |
| Ehuasso | 5.0 | 1.91 | 307.0 |
| Coffee Bean | 0.1 | 10.26 | 16.5 |
| Total Inferred | 29.0 | 1.28 | 1,196.0 |
Coffee Bean is not constrained to a pit shell. All Mineral Resources are Inferred and reported on a 100% Project basis. Totals may not add due to rounding.
Cut-off grade sensitivity
1.20Moz Au
29.0 Mt at 1.28 g/t AuIllustrative only. Figures at cut-offs other than 0.5 g/t Au are not estimates of Mineral Resources. The Mineral Resource is reported at a 0.5 g/t Au cut-off.
Accelerated Ownership
Binding agreement to move directly to 90%
- Additional 39% for US$1.2 million cash, with no study milestones
- Option to move to 100% retained
Zaranou Project Highlights
Rapidly building a project of scale
3 deposits
Near-term growth
The next programme targets extensions at M’Basso, Coffee Bean and Ehuasso, and continuity between the known mineralised areas.
~47km strike
Very long runway
The updated Resource comes from only ~2km of strike at M’Basso, within an almost 50km prospective corridor.
95%
Encouraging metallurgy
Preliminary LeachWELL testwork on 2026 M’Basso drill samples returned average gold extraction of 95% across oxide and fresh material.
Project Overview
Côte d’Ivoire, West Africa
- ~110km northeast of Abidjan
- Single licence covering ~287km²
- ~47km of prospective strike on the Azope-Chiraa shear zone
2027 Exploration
Focused on Zaranou Central
- Extend M’Basso along strike and at depth
- Test the corridor between M’Basso and Coffee Bean
- Extend Coffee Bean and Ehuasso
- Regional exploration at Ebilassokro and Yakasse
The information on this page relating to the Zaranou Mineral Resource Estimate is extracted from Skylark’s ASX announcement “Zaranou MRE Grows by 228% to 1.20M Oz Au” dated 19 October 2026, available at www.asx.com.au. Skylark confirms it is not aware of any new information or data that materially affects the information in that announcement and that all material assumptions and technical parameters underpinning the estimate continue to apply and have not materially changed. Please refer to the announcement for full details.