The 2020 exploration budget is lower than in 2019 as the surface drilling of the deeper zones of the southern
extensions to the Wassa orebody is now complete. Although the orebody remains open to the South, the future drilling
is now expected to be carried out from underground drill positions in order to lower the cost of the infill drilling
programs and to allow tighter infill drill spacing to be achieved more efficiently. In 2020, the greenfield and
brownfield exploration programs will focus on near mine targets in-and-around Wassa, as well as on regional
exploration targets within 60km of the Wassa operation. A total of $6.2m ($3.5 m capitalized and $2.7m expensed) has
been allocated for exploration activities during 2020.