Resource and Reserve Estimates

Cloncurry Resource Estimates by Deposit

 

 

DEPOSIT    

TOTAL

CONTAINED
METAL

       MEASURED

       INDICATED

      INFERRED

Tonnes

   Grade

 Copper

 Gold

Tonnes 

        Grade

Tonne

    Grade

Tonnes

    Grade

million

Cu
%

Au
g/t

  tonnes

ounces

 million

Cu
%

Au
g/t

million

Cu
%

Au
g/t

million

Cu
%

Au
g/t

DEPOSIT IN MINE PLAN

Little Eva

105.9

0.52

0.09

546,000

295,000

37.1

0.60

0.09

45.0

0.46

0.08

23.9

0.50

0.10

Turkey Creek

21.0

0.59

-

123,000

-

-

-

-

17.7

0.59

-

3.4

0.58

-

Ivy Ann

7.5

0.57

0.07

43,000

17,000

 -

 -

 -

 5.4

 0.60

 0.08

2.1

0.49

0.06

Lady Clayre

14.0

0.56

0.20

78,000

85,000

 -

 -

-

 3.6

 0.60

 0.24

10.4

0.54

0.18

Bedford

4.8

0.80

0.21

38,000

32,000

 -

 -

 -

2.3

0.95

0.23

2.5

0.66

0.19

Sub-total

153.3

0.54

0.09

829,000

430,000

37.1

0.60

0.09

74.0

0.52

0.07

42.2

0.53

0.11

OTHER DEPOSITS

 

 

 

 

 

 

 

 

Blackard

76.4

0.62

 -

475,000

-

27.0

0.68

-

6.6

0.60

-

42.7

0.59

-

Scanlan

22.2

0.65

 -

143,000

-

-

-

-

18.4

0.65

-

3.8

0.60

-

Longamundi

10.4

0.66

 -

69,000

-

-

-

-

 -

 -

-

10.4

0.66

-

Legend

17.4

0.54

 -

94,000

-

-

-

-

 -

 -

-

17.4

0.54

-

Great Southern

6.0

0.61

 -

37,000

 -

 -

 -

 -

-

 -

-

6.0

0.61

 -

Caroline

3.6

0.53

 -

19,000

 -

 -

 -

 -

 -

 -

-

3.6

0.53

 -

Charlie Brown

0.7

0.40

 -

3,000

 -

 -

-

-

 -

 -

-

0.7

0.40

 -

Sub-total

136.7

0.61

 -

840,000

 -

27.0

0.68

 -

25.0

0.64

 -

84.7

0.59

 -

TOTAL

290.0

0.58

0.05

1,668,000

430,000

64.1

0.63

0.05

99.0

0.55

0.05

126.9

0.57

0.04

 Note:  Tonnages are dry metric tonnes and have been rounded, hence small differences may be present in the totals.

 Little Eva is reported above a 0.2% copper lower cut-off grade, all other deposits are above 0.3% copper lower cut-off grade.

Summary of Ore Reserves Estimates for the Cloncurry Project

 Reserve Classification

Tonnes
Copper
(%)

Gold
(g/t)

Copper
(tonnes)

Gold
(ounces

Little Eva          
Proved 31,000,000 0.64 0.08 198,200 84,700
Probable 22,100,000 0.50 0.09 109,900 62,600
Turkey Creek          
Probable 11,300,000 0.46 0 52,100 0
Ivy Ann          
Probable 3,500,000 0.59 0.08 21,000 9,100
Lady Clayre          
Probable 920,000 0.56 0.27 5,100 8,100
Bedford          
Probable 1,350,000 0.85 0.20 11,600 8,500
Total Proved and Probable Reserves (excl. stockpiles) 70,200,000 0.57 0.08 397,400 173,000
Little Eva Low Grade Stockpile          
Probable 15,400,000 0.18  0.06  28,100  30,900 
Total (including stockpile) 85,600,000 0.50 0.07 426,000 203,900

 Disclosure of Resource and Reserve Estimates

Disclosure of Resource and Reserves