Asset Report

Aquarius gold mine project

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06 December 2018

Aquarius gold mine project

Report summary

The Aquarius project is planned as an open pit operation utilising conventional truck and shovel mining methods. St.Andrew Goldfields' original plan was to truck ore to the Stock Gold mill. With the sale of the Stock mill, and subsequent acquisition of St Andrew Goldfields by Kirkland Lake Gold, the accompanying analysis assumes toll milling of ore at a company owned or third party mill within the Timmins area. Development will require completion of a Feasibility Study, revised environmental studies, final permitting and around a two year construction period. For illustrative purposes only, the accompanying analysis assumes first production in 2022, but the project status is tentative.

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