Bassari Resources Ltd

Bassari Resources Limited is an Australia-based company, which is engaged in mineral exploration within Senegal, West Africa. The Company's principal activities are to develop the Makabingui Gold Project, which is located within the Sambarabougou permit and to further progress exploration and resource definition within over three contiguous permit areas, Moura, Sambarabougou and Bounsankoba, located in Senegal in order to identify mineral (primarily gold) deposits for exploitation. The Company is focused on discovering and developing gold resources in the Birimian Gold Belt in south eastern Senegal. The Company's total exploration permits cover an area of approximately 790 square kilometers over the Birimian Gold Belt. The Makabingui Gold Project hosts a mineral resource, which comprises over 11.9 million tons averaging approximately 2.6 grams/ton gold for a contained one million ounces of gold. The Bounsankoba permit adjoins the south of the Sambarabougou permit.