Reserves and Resources

Mineral Reserves

Probable Mineral Reserves (effective date 20th August 2020).

Ore Type Reserve Category Tonnes Mt Gold Grade
g/t
Contained Metal
koz Gold
Metallurgical Recovery
%
Recoverable Metal
koz Gold
Oxide Probable 1.9 1.07 64 67.4 43
Transitional Probable 1.8 1.15 68 70.7 48
Sulphide Probable 8.1 1.27 332 83.3 277
Total Probable 11.8 1.22 465 79.3 368

Notes:
(1)  The Mineral Reserve disclosed herein has been estimated in accordance with CIM Definition Standards.
(2)  Mineral Reserves discard cut-off grade was 0.5 g/t gold.
(3)  Mineral Reserves are based on a $1,500/oz gold price.
(4)  Mineral Reserves account for mining dilution and ore loss.
(5)  Probable Mineral Reserves were based on Indicated Mineral Resources.
(6)  Sum of individual amounts may not equal due to rounding.

Mineral Resource Estimate

Mineral Resource Estimate (effective date April 15, 2020).

Within $1,500/oz pit shell
Indicated Mineral Resource Estimate
Cut-off
g/t
Tonnes
Mt
Grade Gold
g/t
Contained Gold
koz
0.2 27.2 0.72 630
0.3 20.5 0.87 573
0.4 15.5 1.04 518
0.5 12.0 1.22 471
0.6 9.42 1.40 424
 
Inferred Mineral Resource Estimate
Cut-off
g/t
Tonnes
Mt
Grade Gold
g/t
Contained Gold
koz
0.2 0.49 0.7 11
0.3 0.38 0.8 10
0.4 0.29 0.9 8
0.5 0.23 1.0 7
0.6 0.17 1.2 7

Notes:
(1)  The selected base case Mineral Resources are reported at a cut-off grade of 0.3 g/t gold.
(2)  Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
(3)  The Mineral Resources have been classified and reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum “CIM Definition Standards - For Mineral Resources and Mineral Reserves” ("CIM Definition Standards").
(4)  Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.  Inferred Mineral Resources are considered too speculative geologically in nature to enable them to be categorized as Mineral Reserves and there can be no certainty that all or any part of an inferred mineral resources will ever be upgraded to Indicated Mineral Resources or Measured Mineral Resources.

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