1Q 2023 – 2Q 2023

 3Q 2023 – 1Q 2024

 2Q 2024 – 3Q 2025

 4Q 2025 – 1Q 2026 

  Totals

 GROUP TOTALS

Phase

Phase Description 

Deliverable

 Phase 1 

 Phase 2

 Phase 3

 Phase 4

1

MJM Base

Formalise earn-in agreement on kimberlite project.

$765 805.00

$938 068.25

$2 067 126.99

$714 797.53

$4 485 797.77

$5 040 797.77

Equipment purchase 

DRC company setup for kimberlite project.

Staff, travel, consultants & other

JV on dredging production 80/20 & 90/10 split.

Due Diligence, legal & JV costs

Expand operations on the ground.

$555 000.00

$555 000.00

2

Infrastructure, Geophysics, MIDA & Recce

Construct sampling plant 20tph front end.

$1 287 000.00

$4 057 500.00

$1 791 325.00

$701 580.44

$7 837 405.44

$7 837 405.55

Field Camp & logistics support

Complete geophysical surveys (Target mapping complete).

Plant Purchase & transport to site

MiDa sampling complete.

Tenure Renewal 

3a

Plant Commissioning 

Commissioning sampling plant.

$780 000.00

$3 100 500.00

$0.00

$3 880 500.00

$3 880 500.00

Bulk Sample Target 1

Complete sampling Target 1 (kimberlite).

Bulk Sample Target 2

Complete sampling Target 2 (anomaly 1).

Geological review & reports 

Review sampling data (3000 cts per target).

3b

Infrastructure, access to Target 3

Complete sampling Target 3 (anomaly 2).

$4546 000.00

$1 774 500.00

$0.00

$2 320 500.00

$2 320 500.00

Bulk Sample Target 3

Review sampling data (3000 cts per Target).

Geological review & reports 

4

SAMREC 2016 / Equivalent International Code Report

Resource estimate where applicable per Target.

$0.00

$0.00

$0.00

$318 500.00

$318 500.00

$318 500.00

Evaluation & Decision 

Cumulative Total before Contingency

$3 387 805.00

$5 541 568.25

$8 733 451.99

$1 734 877.97

$19 397 703.21

$19 397 703.21

Contingency 5%

 $969 885.16

Total with Contingency

$20 367 588.37