PMM Mining Company Limited has commenced engineering work to develop detailed plans for mining operations and surface equipment installations. Once complete, the first-year production is targeted to be 10,000 ounces of gold, scaling up to 40,000-ounces annually over a period of 48 months. Updating of the Magambazi mineral resource has also been part of the project review. Elements of the mineral resource update included developing a new block model that incorporates rock density data from a total of 468 drill holes rather than 400 diamond drill holes used to develop the mineral resource calculation disclosed by EAM in a NI 43-101 report in 2012. The new updated block model reports an improved mineral resource estimate of Measured and Indicated Category to 15.3 million tonnes grading 1.99 grams per tonne gold and containing 975,589 ounces in the indicated category, representing a 34% improvement on grade and a 35% improvement of ounces over the 2012 calculation. The bulk of the inferred resource in 2012 mineral resource estimate has been upgraded to the measured and indicated category based on the new study. The update of the 2012 resource in accordance with JORC standards was completed by Geofields Tanzania Limited, a consulting firm with in-depth experience in preparing resource estimations for Tanzanian gold projects. This work closely studied structural controls on mineralization that appear to be an important element of the continuity of the mineralizing system not considered in the original mineral resource disclosed by EAM in the 2012 NI 43-101 report.