JORC Information


As at 31 December 2017, the total measured, indicated and inferred gold resources for the Sokor Project (above a 0.5 gram/tonne ("g/t") gold cut-off grade at Manson's Lode and for the transitional and fresh rock at Ketubong, New Discovery and New Found, and above a 0.25 g/t gold cut-off grade at Rixen and for the oxide material at Ketubong, New Discovery and New Found to reflect current commodity prices, differential operating costs and processing options) are 13,860,000 tonnes at 1.6 g/t gold grade, which would amount to 724,000 ounces of contained gold, inclusive of material used to define ore reserves. In addition, mineral resources at Manson's Lode contain significant amounts of silver, lead and zinc, each amounting to 1,410,000 tonnes ore with an average grade of 42 g/t of silver, 1.6% lead and 1.7% zinc. This amounts to a total of 1,928,000 ounces of contained silver, 23,025 tonnes of contained lead and 23,505 tonnes of contained zinc. The share of the Mineral Resources attributable to CNMC is 81% and is summarised in the table below.

Compared to the previous mineral resources estimate as at 31 December 2016, there has been an increase in gold mineral resources of 606,000 tonnes. The average gold grade has increased from 1.5 to 1.6 g/t, resulting in an increase of 16% in contained gold in the 2017 Mineral Resource. There was a small increase in the tonnage of the base metal and silver Mineral Resources at Manson's Lode, of 100,000 tonnes. The average grade of zinc increased slightly (from 1.6 to 1.7% Zn) and the average silver and lead grades decreased slightly (from 47 to 42 g/t Ag and from 1.7 to 1.6% Pb respectively).

The Mineral Resource estimates for the Sokor Project have been prepared and classified in accordance with the guidelines of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, December 2012 (the JORC Code 2012).

Below was the Mineral Resources Statement as at 31 December 2017

Gross Attributable to Licence Gross Attributable to CNMC
Category Mineral
Type
Tonnes
(millions)
Grade
(Au g/t,
Ag g/t, Pb%,
Zn%)
Contained
metal (Au koz,
Ag koz, Pb t,
Zn t)
Tonnes
(millions)
Grade
(Au g/t,
Ag g/t, Pb%,
Zn%)
Contained
metal (Au koz,
Ag koz, Pb t,
Zn t)
Change from
previous
update (%)
Measured Gold 0.49 3.1 49 0.40 3.1 40 -12%
Indicated Gold 6.01 1.5 282 4.86 1.5 228 3%
Inferred Gold 7.36 1.7 393 5.96 1.7 318 34%
Total Gold 13.86 1.6 724 11.22 1.6 586 16%
Measured Silver 0.34 63 683 0.27 63 553 1%
Indicated Silver 0.17 74 407 0.14 74 330 2%
Inferred Silver 0.90 29 838 0.73 29 679 -6%
Total Silver 1.41 42 1,928 1.14 42 1,562 -2%
Measured Lead 0.34 1.5 5,058 0.27 1.5 4,097 -10%
Indicated Lead 0.17 1.5 2,560 0.14 1.5 2,074 -12%
Inferred Lead 0.90 1.7 15,407 0.73 1.7 12,480 9%
Total Lead 1.41 1.6 23,025 1.14 1.6 18,650 2%
Measured Zinc 0.34 1.9 6,370 0.27 1.9 5,160 15%
Indicated Zinc 0.17 2.0 3,365 0.14 2.0 2,726 2%
Inferred Zinc 0.90 1.5 13,770 0.73 1.5 11,154 9%
Total Zinc 1.41 1.7 23,505 1.14 1.7 19,039 10%

Note: Inconsistencies in totals are due to rounding