Unless otherwise defined, the definitions used in this announcement shall have the same meanings as previously defined in the earlier announcement in relation to the same.

Reference is made to the Company’s circular to shareholders dated 3 June 2021 (“Circular”) and the announcements dated 14 April 2021 and 16 August 2021 (collectively “Announcements”) in respect of the above matter.  Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Circular and the Announcements. 

Further to the Company’s announcement on 6 March 2024, the Board of Directors of the Company is pleased to announce that Jayamas Mining Sdn Bhd (“JMSB”) and Spate Precious Metals Sdn Bhd had notified the Company today that the Jabatan Alam Sekitar Kelantan i.e. the Kelantan State Department of Environment had, vide its letter dated 18 April 2024, stated that they have no objection to the implementation of the environmental management plan submitted for the proposed operation of the heap leach and carbon-in-leach gold beneficiation plants. 

The Company is currently pending the hard rock operation mining scheme (“OMS”) approval from the Kelantan State Department of Mineral and Geoscience.  Barring any unforeseen circumstance, the Company target to commence commercial production by third quarter of 2024. 

This announcement is dated 22 April 2024.