The underground Nechí Project (Nechí) is located approximately 350 km from the city of Medellín, in the department of Antioquia, Colombia. The municipality is bordered to the South by the municipality of El Bagre, Soma’s primary base of operations.

Nechí consists of the El Catorce, Santa Elena, and Santa Maria deposits. Test mining has been performed at both El Catorce and Santa Elena with underground sampling along the levels and in raises driven up the dip of the veins. Material from the test mining was successfully processed at the El Bagre Mill, and the Nechí deposits have the potential to both increase the throughput and extend the life of the Company’s El Bagre Gold Mining Complex.