For the fiscal year ending January 31, 2025, the Company expects production of 52,500 to 57,500 gold equivalent ounces. For fiscal year ending January 31, 2026, the Company plans to execute on its growth strategy which includes, expansion of the Bibiani main pit through acceleration of its waste stripping program, which is expected to significantly increase production through access to higher grade ore.
Construction and commissioning of the sulphide treatment plant which is planned to significantly increase gold recovery. Plant throughput expansions including installation of a pebble crusher and secondary crusher during 2025. Plant upgrades to the carbon-in-leach circuit, community relocation, to support main pit expansion through 2030.
Emergency generator installation during 2025 to function as a secondary power source, ensuring uninterrupted operation and reduced plant downtime! Commencement of underground mining. The Underground Mining Feasibility Study was completed in September 2024 and this development program is planned to start for the quarter ended January 31, 2026. Full production from the underground mine is planned for 2028, with delivery of up to 2.6Mt/y at 3.0 g/t Au, through 2038.
External financing will be required in order to execute this growth strategy. Subject to the availability of sufficient financing in early calendar 2025, the Company expects to successfully complete the above initiatives and produce between 175,000 and 205,000 gold ounces at Bibiani in the fiscal year ending January 31, 2026.
That, including a significant increase in monthly production in the second half of the fiscal year post advancement of the planned stripping program and completion of the sulphide treatment plant. There can be no certainty that the Company will be successful in securing sufficient financing on a timely basis.
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