Resources & Reserves

Mineral Resource Estimate for the Kundip Deposits, Ravensthorpe Gold Project

Kundip - June 2020 IndicatedInferredTotal
  ktAu g/tCu %Au kozCu ktktAu g/tCu %Au kozCu ktktAu g/tCu %Au kozCu 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
TotalKaolin  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 2020Open PitUndergroundTotal Ore Reserve
ProbablektAu g/tkozktAu g/tkozktAu g/tkoz
Kaolin3,2081.6165 - - -3,2081.6165
Harbour View2532.4193084.5455603.664
Flag1834.1241333.9173164.041
Total3,6441.82084414.4624,0842.1270

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   AuAgCuPbZnAuAgCuPbZn
  ktg/tg/t%%%kozkozktktkt

OC (Cu_Eq > 0.5%)

OxInd  129  2.4  85.3  0.5  -  -  10  354  0.6  -  -
Inf  336  1.9  71.7  0.1  -  -  21  774  0.3  -  -
Tr/FrInd  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/FrInd  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-totalInd  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.

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