Notable progress in the Group’s ongoing Exploration Programme was made in FY2018. SRK Consulting (China) Ltd. (“SRK”) has estimated approximately 3,415 kt of measured and indicated mineral resources with an average grade of approximately 8.6 g/t of gold, and 2,559 kt of inferred mineral resources with an average grade of 6.5 g/t (in accordance with the JORC Code 2012 Edition) for the six prospects as shown in Table B.
This represents an increase of about 10% on the measured and indicated mineral resources and 2% on the total mineral resources.
Table B : Mineral Resources Statement for the six prospects as at 30 June 2018
|
Property |
Type |
Category |
Resource |
Grade |
Gold |
|
(kt) |
(g/t Au) |
(kg) |
|||
|
|
|
|
|||
|
Pasir Manggu West
|
Oxide |
Indicated |
109 |
7.2 |
783 |
|
Inferred |
36 |
5.6 |
200 |
||
|
Fresh
|
Measured |
100 |
7.3 |
731 |
|
|
Indicated |
380 |
7.3 |
2,776 |
||
|
Inferred |
206 |
4.7 |
975 |
||
|
Cikadu |
Oxide |
Indicated |
81 |
6.2 |
496 |
|
Inferred |
20 |
6.9 |
134 |
||
|
Fresh |
Indicated |
1,008 |
9.1 |
9,126 |
|
|
Inferred |
280 |
9.7 |
2,718 |
||
|
Sekolah |
Oxide |
Indicated |
89 |
5.8 |
510 |
|
Inferred |
128 |
4.9 |
621 |
||
|
Fresh |
Indicated |
612 |
9.6 |
5,869 |
|
|
Inferred |
326 |
8.3 |
2,689 |
||
|
Indicated |
129 |
6.2 |
794 |
||
|
Cibatu |
Oxide |
Inferred |
78 |
3.0 |
233 |
|
Indicated |
907 |
9.1 |
8,216 |
||
|
Fresh |
|||||
|
Inferred |
377 |
7.8 |
2,951 |
||
|
4 Prospects Total |
Oxide |
Indicated |
407 |
6.3 |
2,583 |
|
Inferred |
261 |
4.5 |
1,188 |
||
|
Fresh |
Measured + Indicated |
3,007 |
8.9 |
26,718 |
|
|
Inferred |
1,188 |
7.9 |
9,332 |
||
|
Oxide + Fresh |
Measured + Indicated |
3,415 |
8.6 |
29,301 |
|
|
Inferred |
1,449 |
7.3 |
10,520 |
||
|
Cibak |
Oxide + Fresh |
Inferred |
660 |
5.6 |
3,717 |
|
Cipancar |
Oxide + Fresh |
Inferred |
450 |
5.6 |
2,520 |
|
Cibak & Cipancar Total |
Oxide + Fresh |
Inferred |
1,110 |
5.6 |
6,237 |
|
4 Prospects + Cibak &Cipancar Total |
Oxide + Fresh |
Measured +Indicated |
3,415 |
8.6 |
29,301 |
|
Oxide + Fresh |
Inferred |
2,559 |
6.5 |
16,757 |
kt – 1,000 tonnes
g/t Au – grams of gold per tonne of ore
Notes:
- Cut-off grades applied for mineral resources statement are 1.0 g/t Au for the 4 Prospects and 2.5 g/t Au for Cibak and Cipancar.
- Mineral resources are not ore reserves and do not have demonstrated economic viability.
- All figures are rounded to reflect the relative accuracy of the estimate. All composites have been capped where appropriate.
- Figures for Au metal in this table are estimated based on the resource tonnages and grades, and do not represent the exact amount of extractable metal for this Project. They should be treated differently from the expected production of gold bullion.
