Second Drill Rig Commences At Napié

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that the second drill rig has commenced drilling on the Tchaga Prospect while the other rig continues to drill on the Gogbala Prospect at the Company’s flagship Napié Project in Côte d’Ivoire. Tchaga and Gogbala are located on a +23km soil geochemical anomaly and coincident 30km-long Napié Fault (Figure 1).

HIGHLIGHTS

• Second drill dedicated to diamond drilling (DD) deeper targets at TchagaProspect
• First drill continues reverse circulation (RC) drilling on GogbalaProspect
• Multiple drill rigs to accelerate exploration towards a maiden JORC Mineral Resource Estimate (MRE) planned forH1-CY22
• Assays results from ongoing RC and DD from Chagaand Gogbala expected prior to Christmas with additional results expected in January 2022

Mako’s Managing Director, Peter Ledwidge commented:

“We are very pleased to be accelerating the drill programs on the Tchaga and Gogbala prospects at the Napié Project as we move towards our maiden Mineral Resource Estimate scheduled for the first half of calendar year 2022. Having two rigs on the ground will also allow us to test regional targets with the aim of discovering new zones along the 30km Napié fault for future additional resource definition. We anticipate some drill results prior to Christmas with more to come in the new year.”

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