Group Consolidated Mineral Reserves & Mineral Resources

 Tonnage (Mt)Grade (Au g/t)Content (Au koz)
Proven Reserves0.42.935
Probable Reserves31.22.12,135
P&P Reserves31.62.12,169
Measured Resource (incl. Reserves)0.42.939
Indicated Resource (incl. Reserves)42.22.12,899
Measured & Indicated Resource (incl. Reserves)42.62.12,937
Inferred Resource13.31.9825

1. The stated Mineral Reserves have been prepared in accordance with the requirements of National Instrument (“NI”) 43-101 and are classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Definition Standards – For Mineral Resources and Mineral Reserves”. Mineral Reserve estimates reflect the Company’s reasonable expectation that all necessary permits and approvals will be obtained and maintained. Mining dilution and mining recovery vary by deposit and have been applied in estimating the Mineral Reserves.

2. Mineral Reserves are the economic portion of the Measured and Indicated Mineral Resources. Mineral Reserve estimates include mining dilution at grades assumed to be zero. The slope angles of all pit designs are based on geotechnical criteria as established by external consultants. The shape and size of the pit designs are guided by consideration of the results from a pit optimization program.

3. The Mineral Reserves were estimated using a gold price assumption of $1,300 per ounce.

4. The slope angles of all pit designs are based on geotechnical criteria as established by external consultants. The size and shape of the pit designs are guided by consideration of the results from a pit optimization program

5. Cut-off grades have been estimated based on operating cost projections, mining dilution and recovery, government royalty payment requirements and applicable metallurgical recovery.

6. Numbers may not add due to rounding

Total Mineral Reserves by Project

New Liberty Gold Mine

 Tonnage (Mt)Grade (Au g/t)Content (Au koz)
Proven Reserves0.32.121
Probable Reserves16.62.51,334
P&P Reserves16.92.61,335
Measured Resource (incl. Reserves)0.42.327
Indicated Resource (incl. Reserves)20.12.71,721
Measured & Indicated Resource (incl. Reserves)20.52.71,748
Inferred Resource32.8271

Youga Gold Mine

 Tonnage (Mt)Grade (Au g/t)Content (Au koz)
Proven Reserves0.15.714
Probable Reserves14.71.7801
P&P Reserves14.71.7815
Measured Resource (incl. Reserves)07.211
Indicated Resource (incl. Reserves)22.11.71178
Measured & Indicated Resource (incl. Reserves)22.21.71189
Inferred Resource7.61.5377

1. All figures are rounded to reflect the relative accuracy of the estimate and have been used to derive sub-totals, totals and weighted averages. Such calculations inherently involve a degree of rounding and consequently introduce a margin of error..

2. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

3. Mineral Resources are reported inclusive of those converted to Mineral Reserves.

4. Numbers may not add correctly due to rounding.

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