Pakrut Gold Project

JORC Code-Compliant Resource Estimate

Completed by SRK Consulting China Ltd in June 2013

Total JORC Code-compliant resources of 4,720,000oz Au, assuming a 0.5g/t cut-off grade, have been defined at the Pakrut gold project. The Pakrut deposit remains open and is expected to yield further JORC Code-compliant resources over time.

Summary of Mineral Resources as of 28 February 2013

Cut-Off (g/t Au) Measured Indicated Measured + Indicated
Mt Au  (g/t) Au (koz) Mt Au  (g/t) Au (koz) Mt Au  (g/t) Au (koz)
0.5 18.57 3.16 1,889 10.02 2.05 660 28.59 2.77 2,549
1.0 18.06 3.23 1,874 7.91 2.39 608 25.97 2.97 2,482
1.5 14.93 3.64 1,748 5.97 2.49 534 20.90 2.40 2,283
3.0 6.55 5.47 1,152 1.80 4.18 243 8.36 5.19 1395
5.0 2.49 8.24 659 0.26 7.87 65 2.74 8.21 724

Cut-Off (g/t Au) Inferred
Mt Au (g/t) Au (koz)
0.5 41.19 1.64 2,171
1.0 30.16 1.96 1,902
1.5 18.14 2.45 1,428
3.0 2.87 4.37 403
5.0 0.56 8.64 154

Summary of Ore Reserves as of 28 February 2013

Zone No. High Grade
(Au≥1.6g/t)
Economic
(1.0g/t≤Au<1.6g/t)
Total
Tonnes
(kt)
Au  (g/t) Au (kg) Tonnes
(kt)
Au  (g/t) Au (kg) Tonnes
(kt)
Au  (g/t) Au (kg)
Proved
1 11,805 3.6 42,623 3,236 1.3 4,190 15,041 3.1 46,813
3 271 3.3 902 409 1.2 485 680 2.0 1,387
Subtotal 12,076 3.6 3,645 3,645 1.3 4,676 15,721 3.1 48,200
Probable
1 2,161 2.8 6,106 620 1.3 799 2,781 2.5 6,906
3 - - - 6 1.1 7 6 1.1 7
Subtotal 2,161 2.8 6,106 627 1.3 806 2,787 2.5 6,913
Proved + Probable
1 13,966 3.5 48,729 3,856 1.3 4,990 17,822 3.0 53,719
3 271 3.5 902 416 1.2 492 686 2.0 1,394
Total 14,237 3.5 49,631 4,272 1.3 5,482 18,508 3.0 55,113

 

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