Blue Gold restarts Bogoso and Prestea mines after Gerald Group partnership 

Blue Gold Bogoso Prestea Limited, the new owner of the Bogoso and Prestea gold mining leases, is pleased to announce that it has restarted operations at the Bogoso and Prestea mine following a period of care and maintenance, since December 2023.

Underground mining activities and dewatering have commenced, and the team are preparing the processing plant for gold pour.

In parallel 9km of access roads have been prepared for the commencement of the tailings liF, which will be completed under the supervision of the engineer of record, Knight Piesold. Over 200 staff resumed work in August and the company will continue
to expand the number of workers on-site during September and October.

The decision to restart the mine coincides with the conclusion of a strategic partnership and funding with global metal and mining company, Gerald Group. Under the terms of the agreement, Gerald will invest in the mine to increase the resilience and throughput capacity of the processing plant and the underground operations.

Gerald Group will act as the off-taker of the material and will provide technical support to the leadership team and active involvement in the governance of the company.