Resources & Reserves
Mineral Resource Estimate for the Kundip Deposits, Ravensthorpe Gold Project
| Kundip - June 2020 | Indicated | Inferred | Total | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| kt | Au g/t | Cu % | Au koz | Cu kt | kt | Au g/t | Cu % | Au koz | Cu kt | kt | Au g/t | Cu % | Au koz | Cu kt | ||
| In pit COG 0.5 g/t Au | Kaolin | 5,309 | 1.6 | 0.1 | 266 | 5.4 | 969 | 1.7 | 0.1 | 53 | 0.5 | 6,278 | 1.6 | 0.1 | 319 | 5.9 |
| Harbour View | 716 | 3.6 | 0.6 | 83 | 4.3 | 171 | 1.8 | 0.2 | 10 | 0.3 | 888 | 3.2 | 0.5 | 93 | 4.6 | |
| Flag | 525 | 5.0 | 0.4 | 84 | 2.3 | 69 | 2.8 | 0.3 | 6 | 0.2 | 594 | 4.7 | 0.4 | 90 | 2.6 | |
| Underground COG 2.0 g/t Au | Kaolin | 34 | 5.0 | 0.2 | 5 | 0.1 | 43 | 8.3 | 0.1 | 12 | 0.1 | 77 | 6.9 | 0.2 | 17 | 0.1 |
| Harbour View | 341 | 4.9 | 0.9 | 54 | 3.2 | 273 | 3.7 | 0.6 | 33 | 1.7 | 614 | 4.4 | 0.8 | 87 | 4.9 | |
| Flag | 129 | 8.3 | 0.5 | 35 | 0.6 | 244 | 4.4 | 0.3 | 34 | 0.7 | 373 | 5.7 | 0.4 | 69 | 1.3 | |
| Total | Kaolin | 5,342 | 1.6 | 0.1 | 271 | 5.5 | 1,012 | 2.0 | 0.1 | 65 | 0.6 | 6,354 | 1.6 | 0.1 | 336 | 6.1 |
| Harbour View | 1,057 | 4.0 | 0.7 | 137 | 7.5 | 445 | 3.0 | 0.5 | 42 | 2.1 | 1,502 | 3.7 | 0.6 | 179 | 9.5 | |
| Flag | 654 | 5.6 | 0.5 | 118 | 2.9 | 313 | 4.0 | 0.3 | 41 | 0.9 | 967 | 5.1 | 0.4 | 159 | 3.9 | |
| Grand Total | 7,053 | 2.3 | 0.2 | 526 | 15.9 | 1,769 | 2.6 | 0.2 | 148 | 3.6 | 8,823 | 2.4 | 0.2 | 674 | 19.5 | |
| In pit | 6,550 | 2.1 | 0.2 | 432 | 12.0 | 1,210 | 1.8 | 0.1 | 69 | 1.1 | 7,759 | 2.0 | 0.2 | 502 | 13.1 | |
| Underground | 504 | 5.8 | 0.8 | 94 | 3.9 | 560 | 4.4 | 0.4 | 79 | 2.5 | 1,063 | 5.0 | 0.6 | 172 | 6.4 | |
| Grand Total | 7,053 | 2.3 | 0.2 | 526 | 15.9 | 1,769 | 2.6 | 0.2 | 148 | 3.6 | 8,823 | 2.4 | 0.2 | 674 | 19.5 | |
The preceding statements of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. All tonnages are dry metric tonnes. Minor discrepancies may occur due to rounding to appropriate significant figures.
Competent Persons & Qualified Persons Statement:
The information that relates to the Estimation and Reporting of Mineral Resources at the Kaolin Deposit has been compiled by Ms Lisa Bascombe BSc (Geology). Ms Bascombe is a full-time employee of Mining Plus Pty Ltd and has acted as an independent consultant on the Kaolin Deposit Mineral Resource estimation. Ms Bascombe is a Member of the Australasian Institute of Geologists (3520) and has sufficient experience with the style of mineralisation, the deposit type under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (The JORC Code). Ms Bascombe consents to the inclusion of the contained technical information relating to the Mineral Resource Estimation in the form and context in which it appears.
The information that relates to the Estimation and Reporting of Mineral Resources at the Harbour View Deposit has been compiled by Mrs Janice Graham MSc. (Mining Geology) BSc Hons (Geology). Mrs Graham is a full-time employee of Mining Plus Pty Ltd and has acted as an independent consultant on the Harbour View Deposit Mineral Resource estimation. Mrs Graham is a Member of the Australasian Institute of Mining and Metallurgy (322720) and has sufficient experience with the style of mineralisation, the deposit type under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (The JORC Code). Mrs Graham consents to the inclusion of the contained technical information relating to the Mineral Resource Estimation in the form and context in which it appears.
The information that relates to the Estimation and Reporting of Mineral Resources at the Flag Deposit has been compiled by Mr David Coventry BSc (Geology). Mr Coventry is a full-time employee of Mining Plus Pty Ltd and has acted as an independent consultant on the Flag Deposit Mineral Resource estimation. Mr Coventry is a Member of the Australasian Institute of Geologists (5288) and has sufficient experience with the style of mineralisation, the deposit type under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (The JORC Code). Mr Coventry consents to the inclusion of the contained technical information relating the Mineral Resource Estimation in the form and context in which it appears.
The information that relates to the data review and validation, drilling, sampling and the geological interpretation of the Kaolin, Harbour View and Flag Deposits has been compiled by Mr David Groombridge BSc Hons (Geology). Mr Groombridge is a full-time employee of Medallion Metals Ltd and was responsible for the generation and presentation of the data that informed the subsequent work of Mining Plus Pty Ltd on the Kaolin, Harbour View and Flag Deposit Mineral Resource estimation. Mr Groombridge is a Member of the Australasian Institute of Mining and Metallurgy (326714) and has sufficient experience with the style of mineralisation, the deposit type under consideration and to the activities for which he was responsible, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (The JORC Code). Mr Groombridge consents to the inclusion of the technical information relating to data review and validation, drilling, sampling and the geological interpretation in the form and context in which it appears.
Ore Reserve Estimate for the Kundip Deposits, Ravensthorpe Gold Project
| Kundip - May 2020 | Open Pit | Underground | Total Ore Reserve | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Probable | kt | Au g/t | koz | kt | Au g/t | koz | kt | Au g/t | koz |
| Kaolin | 3,208 | 1.6 | 165 | - | - | - | 3,208 | 1.6 | 165 |
| Harbour View | 253 | 2.4 | 19 | 308 | 4.5 | 45 | 560 | 3.6 | 64 |
| Flag | 183 | 4.1 | 24 | 133 | 3.9 | 17 | 316 | 4.0 | 41 |
| Total | 3,644 | 1.8 | 208 | 441 | 4.4 | 62 | 4,084 | 2.1 | 270 |
The information that relates to Ore Reserves is based on information compiled by Mr Craig Mann, who is a full-time employee of Entech and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Mann consents to the inclusion of this information in the form and context in which it appears and is a Member of the AusIMM.
Mineral Resource Estimate for the Trilogy Deposit, Jerdacuttup Project
| Trilogy - March 2018 | Au | Ag | Cu | Pb | Zn | Au | Ag | Cu | Pb | Zn | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| kt | g/t | g/t | % | % | % | koz | koz | kt | kt | kt | |||
OC (Cu_Eq > 0.5%) | Ox | Ind | 129 | 2.4 | 85.3 | 0.5 | - | - | 10 | 354 | 0.6 | - | - |
| Inf | 336 | 1.9 | 71.7 | 0.1 | - | - | 21 | 774 | 0.3 | - | - | ||
| Tr/Fr | Ind | 4,476 | 0.8 | 52.5 | 1.4 | 2.8 | 1.6 | 121 | 7,556 | 62.0 | 126.0 | 72.1 | |
| Inf | 614 | 0.7 | 54.9 | 0.6 | 1.3 | 0.9 | 14 | 1,084 | 3.8 | 8.2 | 5.3 | ||
UG (Cu_Eq > 2.5%) | Tr/Fr | Ind | 28 | 2.8 | 21.0 | 1.3 | 0.6 | 0.4 | 3 | 19 | 0.4 | 0.2 | 0.1 |
| Inf | 18 | 1.5 | 19.7 | 1.4 | 0.3 | 1.1 | 1 | 11 | 0.3 | 0.1 | 0.2 | ||
| Sub-total | Ind | 4,633 | 0.9 | 53.2 | 1.4 | 2.7 | 1.6 | 133 | 7,929 | 63.0 | 126.2 | 72.2 | |
| Inf | 968 | 1.1 | 60.1 | 0.5 | 0.9 | 0.6 | 35 | 1,869 | 4.4 | 8.3 | 5.5 | ||
| Total | 5,601 | 0.9 | 54.4 | 1.2 | 2.4 | 1.4 | 169 | 9,798 | 67.3 | 134.4 | 77.7 | ||
The preceding statements of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. All tonnages are dry metric tonnes. Minor discrepancies may occur due to rounding to appropriate significant figures.
Competent Persons & Qualified Persons Statement:
The information in this release that relates to the Estimation and Reporting of Mineral Resources has been compiled by Mr Richard Buerger BSc (Geology). Mr Buerger is a full-time employee of Mining Plus Pty Ltd and has acted as an independent consultant on the Trilogy Polymetallic Deposit Mineral Resource estimation. Mr Buerger is a Member of the Australasian Institute of Geologists (MAIG) and has sufficient experience with the style of mineralisation, the deposit type under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (The JORC Code). Mr Buerger consents to the inclusion in this report of the contained technical information relating the Mineral Resource Estimation in the form and context in which it appears.
The information that relates to the data review and validation, drilling, sampling and the geological interpretation of the Trilogy deposit has been completed by Mr David Groombridge. Mr Groombridge is a full-time employee of Medallion Metals Ltd. Mr Groombridge is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience with the style of mineralisation, the deposit type under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). Mr Groombridge consents to the inclusion in this report of the contained technical information relating to the Mineral Resource Estimation in the form and context in which it appears.
