MINERAL RESOURCES & ORE RESERVES

Mineral Resource Statement

Measured Indicated Inferred Total
Project Tonnes ('000t) Grade (g/t) Ounces ('000oz) Tonnes ('000t) Grade (g/t) Ounces ('000oz) Tonnes ('000t) Grade (g/t) Ounces ('000oz) Tonnes ('000t) Grade (g/t) Ounces ('000oz)
Andy Well 150 11.4 55 1,050 9.3 315 650 6.5 135 1,800 8.6 505
Turnberry 4,600 1.6 230 6,000 2.4 455 10,600 2.0 685
St Anne's 270 2.8 25 270 2.8 25
Total 150 11.4 55 5,900 3.0 570 6,700 2.7 590 12,700 3.0 1,215

Notes

  1. Mineral Resources reported to the ASX on 3 May 2023. The company confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
  2. Mineral Resources are classified in accordance with JORC code (2012).
  3. Andy Well Mineral Resource is reported using 0.1g/t cut-off grade.
  4. Turnberry Open Pit Mineral Resource is only the portion of the Mineral Resource that is constrained within a A$2,600/oz optimised pit shell and above a 0.5g/t gold cut-off grade.
  5. Turnberry Underground Mineral Resource is only the portion of the Mineral Resource that is located outside the A$2,600/oz optimised pit shell and above a 1.5g/t gold cut-off grade.
  6. St Anne’s Open Pit Mineral Resource is only the portion of the Mineral Resource that is constrained within a A$2,600/oz optimised pit shell and above a 0.5g/t gold cut-off grade.
  7. Estimates are rounded to reflect the level of confidence in the Mineral Resources at the time of reporting.

Our Projects

MURCHISON GOLD

1.2Moz gold Mineral Resource in world
class gold field

CIRCLE VALLEY GOLD

Located 85 kilometres south of Norseman in Western Australia

CIRCLE VALLEY RARE EARTH

Shallow, high-grade rare earth mineralisation

CASCADE RARE EARTH

High proportion of valuable permanent magnet metals

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