Fekola Complex (Fekola Mine + Fekola Regional)

B2Gold's flagship Fekola Complex - Mali (BTO 80%; State of Mali 20%). Comprises Fekola Mine (Open Pit + Cardinal Zone + FNE Zone + Underground operational since Aug 2025) and Fekola Regional (Anaconda Area + Dandoko Area; BTO 90% / Mali 10% per 2023 Mining Code). Fekola Solar Plant expansion operational March 2025. Receipt of exploitation licence for Fekola Regional expected Q1 2026. Anaconda Area production budgeted H2 2026 (up to 650koz LOM). Dandoko Area production from early 2028 (up to 230koz LOM). Fekola UG to produce up to 160koz Au LOM.