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Positive results for B2Gold’s Mali Mamba

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Although B2Gold’s Otjikoto Mine in Namibia didn’t perform according to budget in the second quarter of 2022, all is on track for the mine to have a bumper third quarter. Image credit: Leon Louw for WhyAfrica.

Positive results for B2Gold’s Mali Mamba

While B2Gold’s Otjikoto Mine in Namibia didn’t perform according to budget in the second quarter of 2022, the company’s exploration programme in Mali has delivered promising results.

Otjikoto produced 31,417 ounces of gold in the second quarter of 2022, 2,027 ounces (6%) below budget. The lower than budgeted gold production in the second quarter of 2022 was due to a slower than planned ramp-up in development of the Wolfshag Underground mine, resulting in lower than budgeted mined grade

B2Gold recently appointed a new underground mining contractor and development rates in the Wolfshag Underground mine have recovered, with development ore now expected in the third quarter of 2022 and stope ore production commencing in the fourth quarter of 2022.

As a result of this change in ore production timing, the 2022 annual production guidance range for Otjikoto has been revised to between 165,000 and 175,000 ounces of gold (original guidance range was between 175,000 and 185,000 ounces of gold). As expected, compared to the second quarter of 2021, gold production was higher by 17% (4,526 ounces) due to significant waste stripping operations at both the Wolfshag and Otjikoto pits in the first half of 2021.

Positive results at Anaconda

In Mali though, the company’s exploration programme in the Anaconda area is reaping rewards. B2Gold recently announced drilling results from the Anaconda Area, located approximately 25km north of the Fekola Mine. These results confirmed the continuity of the Mamba Main Zone, which remains open down plunge.

The Anaconda Area, comprised of the Menankoto and Bantako North permits, forms part of the Fekola complex, which also includes the Fekola Mine and the adjacent Cardinal Zone, the Bakolobi permit, and the Dandoko permit.

Exploration highlights include high grade results from the Mamba Main Zone. These results collectively confirm and extend the continuity of the high-grade sulphide mineralisation of the sulphide shoot to over 700m down plunge, providing a strong indication of the potential for Fekola-style bodies of sulphide mineralisation, which remain open at depth.

Furthermore, strong initial results from the Cobra Zone, located two kilometers east of the Mamba Zone, has confirmed the potential for economic grade and width combinations in the sulphide mineralisation. The company believes that the Cobra Zone may extend onto the Bakolobi permit and are currently drilling this extension target.

Ongoing drilling by B2Gold on the Anaconda Area to infill and extend the saprolite Mineral Resource area and to follow up on the sulphide mineralisation, including the Mamba and Adder zones as well as several other targets below the saprolite mineralisation, continues to generate positive drill results in both saprolite and sulphide domains and demonstrates strong potential to further increase the updated March 2022 Anaconda Area Mineral Resource estimate.

2022 Mali Exploration Drilling Program

In 2022 B2Gold will be conducting a 161,000m drill programme on the Fekola Complex with a budget of about USD35- million, including drilling on the Fekola North deposit to further test the underground mineralisation potential, and on the Anaconda Area, including the Mamba, Adder, Anaconda, Cascabel, Viper, and Cobra zones.

To date in 2022, B2Gold has completed approximately 116,000m of combined diamond, reverse circulation and aircore drilling on targets near the Fekola Mine and the Anaconda Area. In addition, approximately 9,000m of drilling has been completed to date on the newly acquired Bakolobi permit.

Positive results for B2Gold’s Mali Mamba

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Positive results for B2Gold’s Mali Mamba         

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