Mineral Resources and Ore Reserves

Key to the future development of the Gedabek site is our knowledge of the mineral resources and ore reserves within our contract areas. The Group’s most recent full JORC (2012) reporting of mineral resources and ore reserves estimates for the Gedabek open pit and Gadir underground mine were published as of  2 November 2020.

Gedabek

Gedabek Open Pit JORC (2012) Mineral Resources and Ore Reserves – Summary

  • Gold and copper Mineral Resources (at a cut-off grade of 0.2 grammes per tonne of gold) as follows:
    • Measured and Indicated: 551,000 ounces of gold, 33,400 tonnes of copper and 2,202,000 ounces of silver
    • Total (including Inferred): 735,000 ounces of gold, 41,200 tonnes of copper and 2,457,000 ounces of silver 
  • Gold and copper Proven plus Probable Ore Reserves as follows:
    • 284,000 ounces of gold, 26,000 tonnes of copper and 1,754,000 ounces of silver
  • Additional Mineral Resource (gold grade below 0.2 grammes per tonne and copper grade above 0.3 per cent.) contains 27,900 tonnes of copper and 261,000 ounces of silver

Gedabek Open Pit – JORC (2012) Mineral Resources and Ore Reserves Statements at 30 June 2020

 Anglo Asian, together with the mining and geological consulting group Mining Plus, prepared the Mineral Resources and Ore Reserves estimation of the Gedabek deposit. 

The Mineral Resources and Ore Reserves are prepared in accordance with JORC Code (2012), which is the current edition of the JORC Code.  After a transition period, the 2012 edition came into mandatory operation from 1 December 2013. The Mineral Resources and Ore Reserves stated below are in-situ.

Gedabek Open Pit – Mineral Resources

Some of the totals above may not add due to rounding

Some of the totals above may not add due to rounding

Mineral Resource classifications are based on the gold estimation confidence.  Copper, silver, and zinc are reported within these classifications.

Gedabek Open Pit – Ore Reserves

Proved and Probable Ore Reserves estimate is based on that portion of the Measured and Indicated Mineral Resources of the deposit within the scheduled mine designs that may be economically extracted, considering all “Modifying Factors” in accordance with the JORC (2012) Code.

 

Gadir

 Gadir Underground Mine JORC (2012) Mineral Resources and Ore Reserves – Summary

  • Gold and copper Mineral Resources (at a cut-off grade of 0.5 grammes per tonne of gold) as follows:
    • Measured and Indicated: 211,000 ounces of gold, 2,024 tonnes of copper and 326,000 ounces of silver
    • Total (including Inferred): 267,000 ounces of gold, 2,183 tonnes of copper and 328,000 ounces of silver 
  • Gold and copper Proven plus Probable Ore Reserves as follows:
    • 49,000 ounces of gold, 191 tonnes of copper and 51,000 ounces of silver

Gadir Underground Mine – JORC (2012) Mineral Resources and Ore Reserves Statements at 30 June 2020

Anglo Asian, together with the mining and geological consulting group Mining Plus, prepared the Mineral Resources and Ore Reserves estimation of the Gadir deposit. 

The Mineral Resources and Ore Reserves are prepared in accordance with JORC Code (2012), which is the current edition of the JORC Code.  After a transition period, the 2012 edition came into mandatory operation from 1 December 2013. The Mineral Resources and Ore Reserves stated below are in-situ.

Gadir Underground Mine – Mineral Resources

Some of the totals above may not add due to rounding

Gadir Underground Mine – Ore Reserves

Proved and Probable Ore Reserves estimate is based on that portion of the Measured and Indicated Mineral Resources of the deposit within the scheduled mine designs that may be economically extracted, considering all “Modifying Factors” in accordance with the JORC (2012) Code.