Nairoto Gold Project – Maiden Inferred Mineral Resource Estimate for “TL5” and Independent Technical Report Released

Gemfields, a world-leading responsible miner and marketer of coloured gemstones, is pleased to release a Maiden Inferred Mineral Resource Estimate for Target Area 5 (“TL5”) and an Independent Technical Report (“ITR”) on the 2022/2023 Exploration Programme at its gold exploration project in Cabo Delgado, northern Mozambique.

The project is housed within Nairoto Resources Limitada (“Nairoto”) which is 75% owned by Gemfields and the analysis was conducted by SRK Exploration Limited (“SRK EX”) with the Inferred Mineral Estimate declared in line with the JORC Code (2012).