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Tombola Gold Ltd (ASX:TBA) Quarterly Activities Report
Tombola Gold Ltd (ASX:TBA) is pleased to provide an overview of the Company's activities for the period ending 30 June 2022 ("Quarter", "Reporting Period").

OPERATIONAL HIGHLIGHTS

- Acquisition announced for 100% ownership of the Lorena Mine and Processing Facility, including fully permitted mining and exploration leases, the existing open cut gold and copper mine, a 250,000-300,000 Tonne per annum processing plant.

- Mining activities advanced well-ahead of schedule with two open pits developed at Comstock and Shamrock, with 25,494 tonnes of ore on the Run of Mine Pad at the end of the Quarter. Mining rates for the Quarter exceeded forecast.

- First drillhole of a five-hole exploration program at Little Duke (LD22DD001) intersected multiple high-grade gold and copper, with results including:

o 27m (104-131m) @ 1.44 g/t Au and 0.60 % Cu, including:
- 15m (116-131m) @ 2.25 g/t Au and 0.71 % Cu
o 5m (154-159m) @ 1.00 g/t Au and 0.86 % Cu
o 18m (199-201m) @ 0.85 g/t Au and 0.49 % Cu; and
o 9m (241-250m) @ 1.03 g/t Au and 0.21 % Cu

- Strong gold mineralisation encountered in the first four drill holes at the Mt Scheelite Target, confirming it contains significant near surface gold mineralisation that has the potential to extend the life of mine at the Company's flagship Mt Freda Gold Mine in Cloncurry, Queensland. Drilling continued at the end of the Quarter, and assays are in progress.

CORPORATE HIGHLIGHTS

- Successful capital raisings via a placement to institutional and sophisticated investors during and after the end of the Quarter.

- Byron Miles appointed as Chairman of the Company with Andrew Firek resigning as Chairman and Non-Executive Director.

- Karl Schlobohm appointed as contract Company Secretary as part of Tombola's ongoing initiatives to focus its operations and management in Queensland.

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/FQA5N067

Byron Miles 
Managing Director
bmiles@tombolagold.com

Jane Morgan
Investor and Media Relations
info@janemorganmanagement.com.au
+ 61 (0) 405 555 618

Pamela Menzies
Company Secretary
pamela@tombolagold.com





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