Page 448 - NEWGEN21-Proceedings-Full

Resources and Reserves

Resource Million Metric Au Ounces
Classification Tons Au Grade (g/t) (x1000)

Measured 122.4 0.41 1,630
Indicated 288.3 0.36 3,355 Measured, Indicated, and Inferred
Total Measured 410.7 0.38 4,985 Resources contained within the US$

+ Indicated 1,500 oz Au “Resource Pit”,

Inferred 136.6 0.32 1,388

Reserve Million Grade Contained Recoverable
Category Tonnes (Au g/t) Gold (Koz) Gold (Koz) Mineral Reserves are estimated within the

Proven 53 0.52 866 650 final designed pit which is based on the
$1,225 /oz pit shell with a gold price of
Probable 63 0.47 962 722
$1,300 /oz. The minimum cut-off grade was
Proven and 0.24 g/t gold. Average life of mine costs are

Probable 116 0.49 1,828 1,372 $2.42/tonne mining, $4.10/tonne processing,

and $1.99/tonne processed G&A.

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