Genmin Limited reported the results of a further eight (8) diamond drill holes representing three (3) drill sections from the recently completed diamond drilling program at its 100% owned Baniaka Iron Ore Project (Baniaka), located in the Republic of Gabon, Central West Africa. Highlights: Diamond drilling Oxide Mineral Resource growth program comprising 26 holes for approximately 2,930m
completed in late 2021 at the Bandjougoy prospect; First six (6) diamond drill holes representing two (2) sections reported in November 2021 confirming scale and
suitability for shallow, open pit mining; Diamond drill results reported in this announcement represent the next eight (8) holes over three (3) sections for
an interpreted strike extent of 800m. With this announcement, 14 of 26 diamond drill holes now reported, results
of the remaining 12 holes expected in the coming weeks; These new drill results show a significant thickening of iron mineralisation to the west, continuity over the drill-
tested 3km of the modelled 4.4km strike extent, and continues to validate Bandjougoy's suitable geometry for
the potential development of a large-scale open pit mining operation; Bandjougoy, with a strike length of 4.4km, is the single largest target for Oxide mineralisation at Baniaka without
an Oxide Mineral Resource; it has an in-situ Oxide Exploration Target of 67-124 million tonnes at 35-49% Fe. Earlier pilot scale metallurgical test work results reported in September 2021 on bulk Bandjougoy Detrital Iron
and Soft Oxide samples returned Lump, Fines and Pellet Feed products between 62 and 65% Fe. The drill results substantiate Genmin' s strategy to centre mine infrastructure adjacent Bandjougoy the Baniaka
Preliminary Feasibility Study, scheduled for completion second quarter 2022.