Exploration
Fortuna maintains a robust pipeline of early exploration (greenfield) and near-mine (brownfield) exploration assets. Our strategy is to continue adding to the longevity of our mines through brownfield exploration while at the same time seeking out additional greenfield projects that will benefit the Company.
Senegal
Argentina
Côte d’Ivoire
Regional
Regional
Regional
Regional
No projects currently in development
Côte d’Ivoire
2025E PRODUCTION1
134 – 147 koz Au
Burkina Faso
2025E PRODUCTION1
107 – 121 koz Au
Argentina
2025E PRODUCTION1
93 – 105 koz Au
Peru
2025E PRODUCTION1
0.9 – 1.0 Moz Ag
29 – 34 Mlbs Pb
45 – 49 Mlbs Zn
1. Refer to Fortuna news release dated January 21, 2025, “Fortuna reports record production of 455,958 Au Eq ounces for 2024 and provides 2025 outlook“
Maps and sections
Diamba Sud – Regional Exploration (pipeline)
Acquired in September 2023, the Diamba Sud Gold Project is located in the highly prospective Kenieba-Koudougou Inlier (KKI) which hosts several world class gold deposits in eastern Senegal and western Mali. Associated with north north-east trending fertile splays from the regionally significant Senegal Mali Shear Zone, the Diamba Sud Gold Project hosts five deposits with resources totaling 473,000 oz Au Measured and Indicated , and 148,000 oz Au Inferred as of December 31, 2024.
Mineral Resources
| Deposit | Tonnes (000) | Au (g/t) | Contained Metal Au (koz) |
|---|---|---|---|
| Area A | 2,456 | 2.07 | 163 |
| Area D | 3,234 | 1.96 | 204 |
| Karakara | 779 | 1.93 | 48 |
| Western Splay | 726 | 1.75 | 41 |
| Kassassoko | 556 | 0.96 | 17 |
| Total | 7,751 | 1.90 | 473 |
| Deposit | Tonnes (000) | Au (g/t) | Contained Metal Au (koz) |
|---|---|---|---|
| Area A | 576 | 1.51 | 28 |
| Area D | 305 | 1.37 | 13 |
| Karakara | 1,617 | 1.57 | 81 |
| Western Splay | 384 | 1.43 | 18 |
| Kassassoko | 251 | 0.89 | 7 |
| Total | 3,133 | 1.47 | 148 |
Notes:
- Mineral Reserves and Mineral Resources are as defined by the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves.
- Mineral Resources are exclusive of Mineral Reserves.
- Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
- Factors that could materially affect the reported Mineral Resources or Mineral Reserves include changes in metal price and exchange rate assumptions; changes in local interpretations of mineralization; changes to assumed metallurgical recoveries, mining dilution and recovery; and assumptions as to the continued ability to access the site, extend and/or retain mineral and surface rights titles and permits, maintain environmental and other regulatory permits, and maintain the social license to operate.
- Mineral Resources and Mineral Reserves are reported as of December 31, 2024.
- Mineral Resources for Diamba Sud are reported on a 100 % ownership basis at SMU block sizes and at an incremental gold cutoff grade for oxide/transitional material of 0.28 g/t Au for Area A, 0.29 g/t Au for Area D and Karakara, 0.31 g/t Au for Kassassoko and 0.32 g/t Au for Western Splay, with fresh material reported based on a cutoff of 0.36 g/t Au for Karakara, 0.37 g/t Au for Area A, 0.40 g/t Au for Area D and Kassassoko, and 0.41 g/t Au for Western Splay in accordance with the varying ore differential parameters and varying metallurgical recoveries for oxide, transitional and fresh rock associated within shell optimizations, assuming a long-term gold metal price of $2,160/oz and metallurgical recoveries for the following deposits: Area A oxide and transitional rock 89.8 %, Area A fresh rock 93.1 %; Area D oxide and transitional rock 89.8 %, Area D fresh rock 85.4 %; Karakara oxide and transitional rock 88.6 %, Karakara fresh rock 94.9 %; Western Splay oxide, transitional and fresh rock 88 %; and, Kassassoko oxide, transitional and fresh rock 93 %. .
- Eric Chapman, P. Geo. (EGBC #36328), is the Qualified Person responsible for Mineral Resources and is an employee of Fortuna Mining Corp.
- Totals may not add due to rounding.
Tongon Nth – Regional Exploration (emerging)
Located in northern Côte d’Ivoire, Fortuna entered into an option agreement with Turaco Gold to explore the 1,180 kilometers2 Tongon Nth prospect. Covering several highly prospective shear zones within the Senoufo greenstone belt that also hosts the nearby Barrick Gold Tongon Mine, and Lilium Mines’ Wahgnion Mine complex 25 kilometers north in Burkina Faso. Historical exploration has defined several large-scale gold anomalies in prospective geological which are yet to be tested.
Séguéla Regional – Regional Exploration (pipeline)
The Séguéla Gold Mine supports an active and extensive exploration program which has delivered several discoveries since 2019. With a focus on generating new anomalies as well as expanding emerging underground opportunities associated with the high-grade open pits Koula, Sunbird and Ancien, much of the 620 kilometers2 property remains untested.
Cecilia – Regional Exploration (emerging)
Located in northern Sonora, exploration activities will initially focus on mapping and regional reconnaissance before deep drill testing to follow up on shallow historic drilling which intersected widespread gold anomalism associated with silicified breccias and veins in the upper part of a large scale dome complex.
Lindero – Regional Exploration (pipeline)
Located 3 kilometers from Lindero, the Arizaro project is a similar gold-porphyry system and represents upside opportunity if a satellite mine can be developed on the property that could supplement the Lindero operation. Arizaro remains open to the south-west and at depth, with future exploration to be phased with the long-term mine plans for Lindero.
Caylloma – Regional exploration (emerging)
With a mining history of over 500 years, the Caylloma district is still considered to be a fertile exploration district. Comprising numerous low to intermediate sulfidation epithermal vein systems, Fortuna maintains an active exploration program to test historic workings at depth as well as identifying new, untested targets across the district.
Caylloma – Animas extensions (pipeline)
The Animas system extends for at least 4 kilometers along strike and hosts the active mining for Caylloma. Exploration has continued to replace reserves through targeted drilling at depth and along strike where the Animas vein remains open.
