Measured and Indicated Resource, is as follows:
• Resource: Measured: 1.63 Moz Au, 25.68Mt @ headgrade 1.97 g/t,
• Indicated: 0.44 Moz Au, 8.37Mt @ headgrade 1.64 g/t Resource: M
& I: 2.07 Moz Au, 34.05Moz @ headgrade of 1.89 g/t (Source: File:
MI Final Report Rev0.xls ; Created: 2019-07-22, Riaan Herman
Consulting)
• An exploration program is to be started to identify new oxide
resources and reserves adjacent to or in the vicinity of the six (6)
existing pits. This is to extend the economic life of the mine based
on the existing processing plant configuration taking into account
technical limitations.
• We will embark on starting test work with a reputable mineral
processing company to advise on how we need to deal with the
change in rock types on the time horizon. Test work needs to be
planned on transition and sulphide ore in order to design the correct
flowsheet from a techno-economic perspective. The test work will
provide the capital required to build a plant that can deal with the
change in ore types over time.

Shomka Resources, a sister company of Shomka Investment, was
approached by Banro with the purpose of diffusing the security situation
by engaging with the broader local community and getting dialogue going.
• This process actually commenced in January 2020 and since then inroads
have been made to build rapport with the local stakeholders.
• Shomka Resources has consulted extensively with the local community
and from the interaction, has now a thorough understanding of the local
history and resulting conflict. Shomka Resources has engaged with leaders
of the community and listed the concerns raised. It has a far better and
deeper understanding of the communities’ perception, expectations,
frustrations and concerns. Shomka was able to bridge the communication
gap and built trust between the company and the community. We
understand local traditions and culture and has taken this into account in
it’s approach.
• By engaging with the broader local community, Shomka Resources believes
that it has created a conducive environment and a platform that will
allow ongoing communication and collaboration, thereby ensuring the
ongoing commitment of the local communities.
• Since these negotiations have taken place, no significant community
associated violence has been reported by independent observer bodies.
• Shomka Resources has been advocating the rotation of law enforcement
people around the mine with the local security forces.
• Shomka Resources successfully restructured the security system at the
mine by bringing a professional, international security company by name
of WS Inside to the mine. WS Inside will train our mine security personnel
and will reconfigure the whole security system around Namoya.
Namoya Community … Shomka work to date
34
• On the 30th of November 2020, Shomka signed an agreement with all
the leaders of the communities after 45 days of seminar and
negotiation.
• The sense of the agreement is to allow some controlled small - scale
mining with the assistance of Namoya’s technical team and a gold
comptoir.
• This agreement is a strong commitment to settle the peace from the
community against small scale controlled mining in PE18 and moving
our of PE18 in six month’s time, while Namoya opens up a new pit
out of the existing PE18.
• Shomka now has the foundation to have full access to the majority
of the mining site in PE18. This is a change in the attitude towards
the company compared to when Banro was forced to sign on 19 June
2019.
• This was achieved, when the action CEO of Namoya, Mr Victor
Kasongo was personally involved in discussions with the community
and he is perceived as being an integral part and a member of the
community.
• The work done with the community on grassroot level and security
work done to date are the guarantee to launch and maintain
Namoya’s activities for the medium to long term.