Page 398 - ANC22-Presentations-Weds

SHERLOCK BAY RESOURCE AND NICKEL

EQUIVALENT CALCULATIONS

1

Metal Average grade (%) Metal Prices Recovery x payability (%) Factor Factored Grade (%)

Per lb Per T
Ni 0.40 $10.00 $22,040 0.79 1.00 0.40
Cu 0.09 $3.50 $7,714 0.60 0.27 0.02
Co 0.02 $23.59 $52,000 0.60 1.79 0.04
CuEq 0.47
Tonnes Metal
100,000 1.00 100,000
21,700 0.27 5,768
5,400 1.79 9,676
T Eq. 115,445

1 Sabre Resources Ltd, 12 June 2018. Resource Es9mate Update for the Sherlock Bay Ni-Cu-Co Deposit.
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