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I do wonder if the grant of the mining permit by the Malian authorities has been, all along, conditional upon the company being fully funded through construction to production - which it now is. Hence the comment about "accelerated permitting".

Smickster, in his 13:29 post, Dec. 29, 2025, presented a timeline of bid/potential counter bid deadlines, which I summarise as follows:

• 24-12-2025. Start of 28 day period within which “Scheme Documents (SDs)” must be posted under Take Over Panel Rule 2.7.

• 12 – 16 Jan, 2026 (Smickster’s date estimate). Scheme documents must receive Court approval before SDs can be posted.

o Question - has such Court approval been granted yet?

• 21-1-2026. Latest date by which scheme documents must be posted. Likely period Jan. 19-20.

o Start of period within which shareholders must vote on the proposed bid made by JCC.

o In the UK, that period normally 21 – 28 clear days after SDs posted

• Early March, 2026. Very latest approximate date by which vote can be held (without grant of an extension).

o Earliest possible date (Smickster estimate): Feb. 12, 2026;

o Likely date within period Feb. 16 – 27, 2026 (Smickster estimate).

The window of opportunity for a counter bid expires once the vote on the JCC bid has been held – or declared? Could a counterbid be launched on the voting day, but before results announced?

Apologies if I have misquoted or misunderstood Smickster but this is the timeline upon which I am monitoring the progress of the JCC bid for SOLG. For the moment that implies that we should expect to receive an RNS concerning the posting of the SDs within the next 3 days (Jan. 19-21).

Happy to be corrected if I’ve misunderstood or got something wrong.

Well, whatever about the waxing and waning opinions about whatever might or might not be revealed tomorrow, the presumed flare continues to burn brightly - whenever not obscured by poor visibility. See Deadhorse South webcam, current scroll images.

Indeed. Interesting that alone amongst the letters of intent, BHP's is non-binding. I wonder if that is of any significance ?

Doubleview Gold Corp have just announced a process to recover Scandium Oxide from porphyry copper flotation tailings, thereby creating a potentially valuable by-product revenue stream additional to other metals in Doubleview's polymetallic HAT porphyry Cu, Au, Co deposit in northern British Columbia. See press release: https://www.newsfilecorp.com/release/275884. I don't recall mention of trace amounts of Scandium in any geochemical analyses of SOLG core etc samples neither what, if any, geological similarities might exist between Alpala, Tandanyama, Porvenir etc porphyry systems and HAT. There might be none, but could be a potentially valuable trace element component if present in any of the SOLG porphyries.

I agree with that observation. Daily flaring episodes over the last few days suggests good progress with the planned operation.

The presumed flare plume is again visible as an orange dot at the same position as noted previously in FAA webcam images between image times 15:35 to 17:33 inclusive.

22:34

What has been previously interpretated as the gas flare plume is presently faintly visible in some images at the 2 o'clock position of the left hand of the two bright orange runway lights on the FAA web cam south images. It is most easily visible as an organge dot in scroll images timed at 03:39 and 03:47, less so or not at all in preceding or subsequent images.

May I add my thanks to "Olderwiser" also, as I too find his posts informative and well balanced - and I appreciate the time he takes to compose and post such analyses.

07:15. Thanks for posting that link. However, I cannot find any mention of SOLG listed as a component of the COPX ETF, nor the volume of shares purchased yesterday or previously. Could you clarify please as I'm perfectly happy to be corrected. Many thanks.

07:40. Perhaps the TAM drilling results have accelerated streamlining the corporate structure in advance of actions to enhance value to shareholders?

Seems like GRH has sold an unspecified portion of his shareholding: https://x.com/GrahamHengland/status/1902328697362710534

Based on the reasoning provided in his 00:55 post below, Keith has provided an image of the inferred location of the MOU-5 site location image on X : https://x.com/KQuick20704342/status/1878603577712906320

Previous RNS' have noted that about 1% (if I remember correctly) of the La India mine site is not owned by CNR and perhaps holding up sales negotiations. Book 5 alluded to that impediment on Nov. 21 as follows: "Without 100% of the land, no mine

Interesting times"

The book5 comment may refer to a CPO of that land.

Lonny Baumgardner has just posted a set of photos on X showing a surface test of sandjet equipment.

Try this link: https://www.hummingbirdresources.co.uk/media/#corporate-interviews.

Sounds encouraging - now mining high grade ore and all 4 Corica fleets back in action.

Hi Magoo,

Apologies, only just seen your query. Set of 3 linked tweets from the Ministry of Energy and Mines, Ecuador, translated into English:

1. [TERRITORIAL AGENDA] The Vice Minister of Mines @ADelgadoVM, fulfilled an agenda in the province of Imbabura with the objective of talking with local authorities about the development of mining projects in the area. #ElNuevoEcuador #SomosEstratégicos

2. @ADelgadoVM spoke with him @goberimbabura Juan Echeverría, with whom he addressed the importance of mining development under parameters of environmental respect. The manager of @ENAMIEP @DelauneEmmanuel

and Undersecretary Andrés Cepeda #ElNuevoEcuador

3. Furthermore, within the framework of the visit @ENAMIEP signed a machinery loan contract with the Provincial Government of Imbabura. This action will contribute to the construction of infrastructure that will be of great benefit to citizens.

Although the article does not appear directly relevant to the SOLG/ Alpala situation in the same Province, it does suggest that the Ecuador Government is serious about getting responsible mining underway with minimal delay.

Looks like there could be interesting mining developments in Imbabura province in the not too distant future............. https://twitter.com/RecNaturalesEC/status/1778915362651668501

20 March 2024

Hummingbird Resources plc

("Hummingbird", the "Group", or the "Company")

Response to Corica Mining Statement

Hummingbird (AIM: HUM) issues a response to the recent public statement made by Corica Mining Services ("Corica") regarding the suspension of mining services at Hummingbird's Kouroussa Gold Mine in Guinea.

The Company categorically disagrees with the highly misleading statements made by Corica and completely rejects its portrayal of the situation, citing both recent and historical performance at the Kouroussa Gold Mine by Corica.

Specifically, the Company disputes the accuracy of the balance quantum of monies due and the requirement for payment as presented by Corica under the terms of the mining contract.

Since the inception of the contract in September 2022, Corica has consistently underperformed against established contractual performance targets, failing to meet the mining contract volumes principally due to delays in mobilising mining equipment, commissioning the equipment, as well as recruitment and training.

In July 2023, Hummingbird notified Corica of a breach of contract due to the underperformance of the operation as noted above, granting the Company the right, as per the contract terms, to withhold all payments until the breaches are rectified and the operational deficit volumes are addressed.

Hummingbird has endeavoured to work with Corica in good faith since July 2023 to rectify the material breaches, providing interim payments and bringing in other contractors to support Corica who continue to fall behind their contractual obligations.

The Company is seeking to engage with Corica and in discussions other stakeholders, including additional mining contractors, to find a resolution to the current issues and to fully restart the operations at Kouroussa as soon as possible.

The Company will provide further updates on strategy and next steps as and when appropriate.

**ENDS**

Cascabel Complementary Investment Protection Agreement

SolGold (LSE & TSX: SOLG) is pleased to announce the signing of a joint

declaration with the Government of Ecuador in preparation for the execution of

the Complementary Investment Protection Agreement ("IPA") for the Cascabel

Project ("Project" or "Cascabel") in Ecuador. The signing took place in

Toronto at the Prospectors and Developers Association of Canada ("PDAC")

convention, representing a significant advancement in the Company's commitment

to the Project and its partnership with the Ecuadorian government.

The signing was conducted by the Minister of Production, Foreign Trade,

Investments and Fisheries, Ms. Sonsoles García, and Scott Caldwell, CEO of

SolGold, on behalf of SolGold plc and SolGold Finance AG, along with

representatives from Exploraciones Novomining S.A. and SolGold-Ecuador S.A.,

in advance of the definitive Complementary IPA to be signed in Ecuador.

In addition to the US$311 million investment addressed by the current IPA,

under the Complementary IPA, there is a commitment to invest a total of US

$3.2 billion over the subsequent years in activities related to the Cascabel

mining concession. The Complementary IPA embodies the largest mining

investment in Ecuadorian history, highlighting the scale and importance of the

Project, SolGold's commitment, and the impact on the broader Ecuadorian mining

sector.

SolGold's CEO and President of SolGold Ecuador, Scott Caldwell, commented:

"The Complementary Investment Protection Agreement not only reinforces the

protections for our key investment in Ecuador but also symbolizes a deepening

of our relationship with the Ecuadorian State. President Noboa's attendance

and insightful speech at the PDAC convention were warmly welcomed by the

mining community and underscores the significant support of his administration

for responsible mining in Ecuador."