Chesser Resources Limited provided an update on activities from the Diamba Sud Gold Project in Senegal, West Africa. This release reports on the Definitive Feasibility Study (DFS) results from Diamba Sud received to date. METALLURGICAL TESTWORK RESULTS; The DFS metallurgical testwork is being undertaken by ALS Metallurgy Pty Ltd. in Perth, Western Australia under the supervision of Mintrex.

Extensive metallurgical sampling has been undertaken for the full DFS testwork program and includes: 61 diamond core sample intervals weighing 1.7 tonnes for DFS design testwork; 34 diamond core sample intervals weighing 0.8 tonnes for the variability testwork. All samples are at ALS in Perth. Samples were collected based on geographic distribution, grade, oxidation state and host rock lithology over the mineral resource areas of Areas A, D and D South (one hole) and Karakara.

This report details the results of the comminution and grind establishment testwork undertaken on the DFS metallurgical design samples. Metallurgical testwork is continuing on leaching optimisation, mineralogical analysis, rheology, settling tests and variability testwork. COMMINUTION; Samples were selected from Areas A and D and Karakara.

Sample ID's are identified by their area of origin, section, and ore domain e.g. AB Fresh-1 comes from section B of Area A, and made up of samples from the fresh ore domain. Each sample has been tested for Bond Ball Mill (BWi), Abrasion (Ai) and Crushing Work (CWi) indices as well as SMC testwork. The oxide material (about 41% of the current Scoping Study ore feed and 30% of the mineral resources) was found to be very soft and friable compared to the fresh ore and was thus difficult to test for hardness.

The fresh ore has been used as the basis for comminution circuit design as they make up most of the resource and will be treated separately (no blending). The fresh ore is moderately hard and abrasive, with relatively low energy required for crushing. Three samples returned higher BWi results (greater than 19kWh/t), and all included a portion of mineralised granite lithology which represents <10% of the potential ore feed.

Comminution modelling by Orway Mineral Consultants has been undertaken with the assumption that the plant will treat oxide material in the first 12 to 18 months followed by fresh material for the rest of the mine life. A SAG mill-recycle-crusher-ball mill (SABC) circuit has been identified as the optimum comminution flowsheet for treating the resource, as this will suit both the early low-energy oxide feed and the later harder fresh ore.