| | | | | |
| | | | | Amounts Expended |
| | | Estimated Amount | | as at March 31, 2024 |
| Principal Purpose | $’000 | $’000 | ||
| December Financing | | | | |
| Activities relating to the Selebi Mines | | 11,520 | (1) | 6,380 |
| Activities relating to the Selkirk Mine | | 400 | (2) | 37 |
| General corporate and working capital | | 7,839 | (3) | 4,153 |
| | | 19,759 | | 10,570 |
| | | | | |
| | | | | Amounts |
| | | | | Expended as at |
| | | Estimated Amount | | December 31, 2023 |
| Principal Purpose | $‘000 | $‘000 | ||
| February 2023 Financing | ||||
| Exploration and evaluation of the Selebi Mines | 5,900 | 5,960 | ||
| Exploration and evaluation of the Selkirk Mine | 250 | 142 | ||
| General corporate purposes | 1,000 | 1,034 | ||
| | 7,150 | 7,135 | ||
| EdgePoint Financing | ||||
| Selebi Assets and Selkirk Assets | ||||
| Exploration and drilling | 7,100 | 6,798 | ||
| Engineering work | 3,200 | 3,200 | ||
| Care and maintenance costs | 3,800 | 3,572 | ||
| Acquisition of Syringa Lodge | 1,400 | 1,381 | ||
| Botswana labour and running costs | 1,420 | 1,529 | ||
| Other logistics and on-site costs | 1,200 | 831 | ||
| Total Project costs | 18,120 | 17,319 | ||
| | | | | |
| General corporate purposes | 3,800 | 4,005 | ||
| Repayment of Pinnacle Island LP indebtedness | 7,630 | 7,637 | ||
| Payment of outstanding legal and financing fees related to the RTO | 2,400 | 2,991 | ||
| | 31,950 | 31,944 | ||
| | | | | |
| December Financing | ||||
| Activities relating to the Selebi Mines(1) | 11,520 | Nil | ||
| Activities relating to the Selkirk Mine(2) | 400 | Nil | ||
| General Corporate and Working Capital(3) | 7,839 | Nil | ||
| | 19,759 | Nil |
