Kopy Goldfields' total estimated M, I&I Mineral Resources amount to 3,239 koz of gold (2,537 koz), and total Probable Ore Reserves amount to 1,802 koz of gold (1,282 koz), including the attributable reserves and resources of the Krasny project which yet have not been updated. AZ' Mineral Resources and Ore Reserves have increased primarily due to successful exploration campaign during 2021 and 2022 at Krasivoe underground gold deposit which is part of the Yubileyniy project. The updated resource statement is effective as of January 1, 2023 and was issued by UFMC Pty Ltd. - OptimMine.

The updated Competent Persons Report ("CPR") comprises OptimMine's independent technical review of the mineral assets attributable to AZ. For hard rock assets, the new Mineral Resources include 2,480 koz of gold in the Measured, Indicated and Inferred categories. For placer assets, the CPR estimates 81.4 koz of gold in the Indicated and Inferred categories.

Hard rock Ore Reserves are estimated at 1,661 koz of gold in the Probable category. Placer Ore Reserves are estimated at 46 koz of gold in the Probable category. Ore reserves are reported as part of the Mineral Resources.