Allied Gold Corporation - Mineral Reserves and Mineral Resources

Reserves and Resources

The Mineral Reserves and Mineral Resources were estimated as at December 31, 2024 in accordance with the provisions adopted by the Canadian Institute of Mining Metallurgy and Petroleum (CIM) and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Mineral Reserves at 31 December 2024

Proven Mineral Reserves

Probable Mineral Reserves

Total Mineral Reserves

Mineral Property

Tonnes
(kt)

Grade
(g/t)

Content (koz)

Tonnes
(kt)

Grade
(g/t)

Content (koz)

Tonnes
(kt)

Grade
(g/t)

Content (koz)

Sadiola Mine

18,427

0.50

295

131,232

1.59

6,702

149,659

1.45

6,997

Korali Sud Mine

1,151

0.70

26

4,188

1.23

166

5,340

1.12

192

Kurmuk Project

21,864

1.51

1,063

38,670

1.35

1,678

60,534

1.41

2,742

Bonikro Mine

6,021

0.76

147

5,961

1.55

297

11,982

1.15

444

Agbaou Mine

2,241

1.59

115

7,250

1.47

343

9,491

1.50

458

Total Mineral Reserves

49,704

1.03

1,645

187,302

1.53

9,187

237,006

1.42

10,832

Mineral Resources at 31 December 2024

Measured Mineral

Resources

Indicated Mineral Resources

Total Measured and

Indicated Mineral Resources

Mineral Property

Tonnes
(kt)

Grade
(g/t)

Content (koz)

Tonnes
(kt)

Grade
(g/t)

Content (koz)

Tonnes
(kt)

Grade
(g/t)

Content (koz)

Sadiola Mine

19,833

0.55

349

192,248

1.55

9,610

212,081

1.46

9,958

Korali Sud Mine

1,194

0.73

28

6,411

1.29

266

7,605

1.20

294

Kurmuk Project

20,472

1.74

1,148

37,439

1.64

1,972

57,912

1.68

3,120

Bonikro Mine

9,649

1.08

336

30,565

1.37

1,345

40,214

1.30

1,681

Agbaou Mine

1,748

2.29

129

7,579

2.06

502

9,327

2.10

631

Total Mineral Resources

52,896

1.17

1,990

274,242

1.55

13,694

327,137

1.49

15,684

Inferred Mineral Resources at 31 December 2024

Inferred Mineral Resources

Mineral Property

Tonnes
(kt)

Grade
(g/t)

Content (koz)

Sadiola Mine

14,271

1.08

496

Korali Sud Mine

316

0.73

7

Kurmuk Project

5,980

1.62

311

Bonikro Mine

11,129

1.33

474

Agbaou Mine

1,986

2.35

150

Total Mineral Resources

33,683

1.33

1,439

Mineral Reserve and Mineral Resource Reporting Notes

Metal Price, Cut-off Grade, Metallurgical Recovery

Mineral Reserves

Mineral Resources

Sadiola (80%)

Price assumption: $1,700/oz gold

Price assumption: $2,000/oz gold

Open pit cut-off grades range from 0.31 to 0.78 g/t gold

Open pit cut-off grade of 0.5 g/t gold

Korali-Sud (65%)

Price assumption: $1,800/oz gold

Price assumption: $2,000/oz gold

Open pit cut-off grades range from 0.31 to 0.78 g/t gold

Open pit cut-off grade of 0.5 g/t gold

Kurmuk (100%)

Price assumption: $1,500/oz gold

Price assumption: $1,800/oz gold

Open pit cut-off grades range from 0.30 to 0.45 g/t gold

Open pit cut-off grade of 0.5 g/t gold

Bonikro (89.89%)

Bonikro pit:

Price assumption: $1,800/oz gold

Price assumption: $2,000/oz gold

Open pit cut-off grades range from 0.57 to 0.63 g/t gold

Open pit cut-off grade of 0.5 g/t gold

Agbalé pit:

Price assumption: $1,800/oz gold

Price assumption: $2,000/oz gold

Open pit cut-off grades range from 0.41 to 0.63 g/t gold

Open pit cut-off grade of 0.5 g/t gold

Agbaou (85%)

Price assumption: $1,800/oz gold

Price assumption: $2,000/oz gold

Open pit cut-off grades range from 0.41 to 0.63 g/t gold

Open pit cut-off grade of 0.5 g/t gold

Mineral Reserve and Mineral Resource estimates are shown on a 100% basis. Designated government entities and national minority shareholders hold the following interests in each of the mines: 20% of Sadiola, 35% of Korali-Sud, 10.1% of Bonikro and 15% of Agbaou. The Government of Ethiopia is entitled to a 7% equity participation in Kurmuk. Only a portion of the government interests are carried.
All Mineral Reserves and Mineral Resources have been estimated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101.
The Measured and Indicated Mineral Resource estimates are inclusive of those Mineral Resource estimates modified to produce the Mineral Reserve estimates.
Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.
Mineral Reserves and Mineral Resources are reported as of December 31, 2024.
Refer to the following NI 43-101 Technical Reports for further information and background on the development of the Mineral Resources and Mineral Reserves:
(1) Sadiola: NI 43-101 Technical Report for the Sadiola Gold Project, Mali, 12 June 2023
(2) Kurmuk: NI 43-101 Technical Report for the Kurmuk Gold Project, Ethiopia, 9 June 2023
(3) Bonikro: NI 43-101 Technical Report for the Bonikro Gold Project, Republic of Côte d’Ivoire, 5 July 2023
(4) Agbaou: NI 43-101 Technical Report for the Agbaou Gold Project, Republic of Côte d’Ivoire, 5 July 2023

The following are the qualified persons responsible for the Item 14 (Mineral Resource) and Item 15 (Mineral Reserve) of the respective Technical Reports.

Qualified Person for Mineral Reserves

Qualified Person for Mineral Resources

Sadiola

Steve Craig of Orelogy Consulting Pty Ltd.

Shane Fieldgate of Allied Gold Corporation

Korali Sud Mine

Steve Craig of Orelogy Consulting Pty Ltd.

Phillip Schiemer of Allied Gold Corporation

Kurmuk

Steve Craig of Orelogy Consulting Pty Ltd.

Phillip Schiemer of Allied Gold Corporation

Bonikro

Esteban Chacon of Allied Gold Corporation

Phillip Schiemer of Allied Gold Corporation

Agbaou

Esteban Chacon of Allied Gold Corporation

Phillip Schiemer of Allied Gold Corporation

Qualified Persons

Except as otherwise disclosed, all scientific and technical information contained in this press release has been reviewed and approved by Sébastien Bernier, P.Geo (Vice President, Technical Services). Mr. Bernier is an employee of Allied and a "Qualified Person" as defined by Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”).

Technical reports for the mineral properties of the company outlined above are available under the company’s SEDAR+ profile at www.sedarplus.ca.