Gemfields, a world-leading responsible miner and marketer of coloured gemstones, is pleased to release a Maiden Inferred Mineral Resource Estimate for Target Area 5 ('TL5') and an Independent Technical Report ('ITR') on the 2022/2023 Exploration Programme at its gold exploration project in Cabo Delgado, northern Mozambique.

The project is housed within Nairoto Resources Limitada ('Nairoto') which is 75% owned by Gemfields and the analysis was conducted by SRK Exploration Limited ('SRK EX') with the Inferred Mineral Estimate declared in line with the JORC Code (2012).

Contact:

Tel: +44 (0)20 7518 3427

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