|Gold Resources Statement||Measured||Indicated||Inferred||Total Resources|
|Project||Type||Cut-Off||Tonnes (Million)||Gold Grade (g/t)||Gold Metal (koz)||Tonnes (Million)||Gold Grade (g/t)||Gold Metal (koz)||Tonnes (Million)||Gold Grade (g/t)||Gold Metal (koz)||Tonnes (Million)||Gold Grade (g/t)||Gold Metal (koz)||CP|
|Copper Resources Statement||Measured||Indicated||Inferred||Total Resources|
|Project||Type||Cut-Off||Tonnes (Million)||Copper Grade (%)||Copper Metal (kt)||Tonnes (Million)||Copper Grade (%)||Copper Metal (kt)||Tonnes (Million)||Copper Grade (%)||Copper Metal (kt)||Tonnes (Million)||Copper Grade (%)||Copper Metal (kt)||CP|
|Gold Reserves Statement||Proved||Probable||Total Reserve|
|Project||Type||Cut-Off||Tonnes (Million)||Gold Grade (g/t)||Gold Metal (koz)||Tonnes (Million)||Gold Grade (g/t)||Gold Metal (koz)||Tonnes (Million)||Gold Grade (g/t)||Gold Metal (koz)||CP|
|Copper Reserves Statement||Proved||Probable||Total Reserve|
|Project||Type||Cut-Off||Tonnes (Million)||Copper Grade (%)||Copper Metal (kt)||Tonnes (Million)||Copper Grade (%)||Copper Metal (kt)||Tonnes (Million)||Copper Grade (%)||Copper Metal (kt)||CP|
The figures above are provided in the report entitled “Annual Mineral Resources and Ore Reserve Statement 2015” released to ASX on 21 April 2016.
Data is reported to significant figures to reflect appropriate precision and may not sum precisely due to rounding.
Mineral Resources are reported inclusive of Ore Reserves.
Full details of the Phoenix Gold Limited Mineral Resources that have not materially changed since last reported and now included at Mungari Regional are provided in the report entitled “Phoenix’s Mineral Resources grow beyond 4 million ounces” released to ASX on 14 January 2015, “Further information on updated total Resource” released on 19 January 2015 by Phoenix Gold Limited are available to view on www.evolutionmining.com.au, only Castle Hill Stage 1 resources have changed.
1 Includes stockpiles.
2 This information is extracted from the report entitled “Acquisition of an Economic Interest in the World Class Ernest Henry Copper-Gold Mine and Pro Rata Entitlement Offer to Raise A$400 Million” released on 24 August 2016 and available to view at www.asx.com.au. CuEq=Cu(%)+RF×Au(g/t) RF=(Gold Price×Payable Gold Metal%×Gold Recovery%)/((Copper Price×Payable Copper Metal%×Copper Recovery%)/100) Payable Gold Metal % = 95, Payable Copper Metal % =92, Gold Recovery %=79, Copper Recovery % = 94. Ernest Henry project is reported at 0.9 % CuEQ. Ernest Henry project is reported on a 100% basis – Evolution Mining has rights to 100% of the revenue from future gold production and 30% of future copper and silver produced from an agreed life of mine area.
3 This information is extracted from the report entitled “Acquisition of Marsden Copper-Gold Project” released on 17 October 2016 and available to view at www.asx.com.au. Long term metal price assumptions applied by Newcrest: Gold US$1,300/oz and copper US$3.40/lb. US$:AU$ at an exchange rate 0.80.
Group Mineral Resources Competent Person Notes refer to: 1. Joseph Booth; 2. Shane Pike; 3. Greg Rawlinson; 4. Matthew Obiri-Yeboah; 5. Hans Andersen; 6. Sam Hamilton; 7. Michael Andrew; 8. Colin Stelzer (Glencore); 9. refer to “Acquisition of Marsden Copper-Gold Project” released on 17 October 2016 and available to view at www.asx.com.au
Group Ore Reserve Competent Person Notes refer to: 1. Jason Floyd; 2. Ian Patterson; 3. Guy Davies; 4. Tony Wallace; 5. Ross McLellan; 6. Matt Varvari; 7. Alexander Campbell (Glencore)
The Company confirms that it is not aware of any new information or data that materially affects the information included in the Report and that all material assumptions and technical parameters underpinning the estimates in the Report continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the Report.
The information in this statement that relates to the Mineral Resources and Ore Reserves listed in the table below is based on work compiled by the person whose name appears in the same row, who is employed on a full-time basis by Evolution Mining Limited and is a member of the institute named in that row. Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the JORC Code 2012. Each person named in the table below consents to the inclusion in this report of the matters based on their information in the form and context in which it appears.
|Resource/Reserve||Name of Competent Person||Institute|
|Cowal Mineral Resource||Joseph Booth||Australasian Institute of Mining and Metallurgy|
|Cowal Ore Reserve||Jason Floyd||Australasian Institute of Mining and Metallurgy|
|Mungari Mineral Resource||Sam Hamilton||Australasian Institute of Mining and Metallurgy|
|Mungari Ore Reserve||Matt Varvari||Australasian Institute of Mining and Metallurgy|
|Mungari Regional Resource (Castle Hill Stage 1)||Michael Andrew||Australasian Institute of Mining and Metallurgy|
|Mt Carlton Mineral Resource||Matthew Obiri-Yeboah||Australasian Institute of Mining and Metallurgy|
|Mt Carlton Ore Reserve||Anthony Wallace||Australasian Institute of Mining and Metallurgy|
|Edna May Mineral Resource||Greg Rawlinson||Australasian Institute of Mining and Metallurgy|
|Edna May Open Pit Ore Reserve||Guy Davies||Australasian Institute of Mining and Metallurgy|
|Edna May Underground Ore Reserve||Ian Patterson||Australasian Institute of Mining and Metallurgy|
|Cracow Mineral Resource||Shane Pike||Australasian Institute of Mining and Metallurgy|
|Cracow Ore Reserve||Ian Patterson||Australasian Institute of Mining and Metallurgy|
|Mt Rawdon Mineral Resource||Hans Andersen||Australasian Institute of Mining and Metallurgy|
|Mt Rawdon Ore Reserve||Ross McLellan||Australasian Institute of Mining and Metallurgy|