Pasono Gold Announces Feasibility Study Results for the Dugbe Gold Open Pit Project in Liberia

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Algemeen advies 14/06/2022 12:51
Pre-Tax NPV5% of USD690 million, Pre-Tax IRR of 26.35% and AISC of USD1,005/oz
2.27Moz gold production over a 14-year mine life, producing 200,000 oz per annum in the rst 5 years
Upon ling of the Feasibility Study on SEDAR Pasono can deliver an Option Satisfaction Notice conrming that it
has satised the requirements to earn its 49% interest in the project
Toronto, Ontario--(Newsle Corp. - June 13, 2022) - Pasono Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07) ("Pasono" or the "Company") is pleased to announce the results of the Dugbe Project Feasibility Study (FS),
which is located in Southern Liberia. The FS was prepared by the Company's lead engineers, DRA Global (South Africa), in accordance with Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure
for Mineral Projects ("NI 43-101").
As per NI 43-101 the Feasibility Study will be led by Pasono at within 45 days of this news release. Subject to the ling by Pasono of the Feasibility Study under Pasono's prole at and
nal administrative documentation, Hummingbird Resources Plc ("Hummingbird") has conrmed that the FS has been carried out to the agreed standards and will satisfy the technical requirements to allow Pasono to earn its
49% economic interest in the Project (prior to the issuance of the Government of Liberia's 10% carried interest).

Strong nancial metrics:

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