Reserves & Resources

MINERAL RESOURCE AND ORE RESERVE STATEMENT - DEC 2018

Gold Resources StatementMeasuredIndicatedInferredTotal Resources 
Total64.590.761,579427.410.7410,19456.241.632,951548.250.8414,725
ProjectTypeCut-OffTonnes (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
Cowal1Open-Pit0.446.540.691,027174.920.854,7845.631.07193227.090.826,004
CowalUnderground2.013.553.241,41113.553.241,411
Cowal1Total46.540.691,027174.920.854,78419.182.601,604240.640.967,4151
Cracow1Total2.800.279.04791.096.472271.592.881472.964.784542
Mt Carlton1Open-Pit0.350.503.03498.572.135860.433.44489.512.23682
Mt CarltonUnderground2.40.458.381200.087.43200.538.20141
Mt Carlton1Total0.503.00 49 9.022.44 706 0.52 4.10 6810.042.608234
Mt Rawdon1Total0.205.190.416837.360.657837.510.6014650.070.629965
Mungari1Open-Pit0.500.191.02635.031.271,4339.271.5646344.491.331,902
Mungari1Underground2.0/1.50.328.40862.393.612782.323.312475.043.78611
Mungari1Total0.515.639337.421.421,71111.591.9171049.521.582,5143
Ernest Henry2Total0.9011.570.7126447.760.6295212.710.6225372.050.631,4706
MarsdenTotal0.20119.830.271,0313.140.2222122.970.271,0537

Gold Reserves StatementProvedProbableTotal Reserve 
Total61.270.761,498230.500.805,960291.770.807,458
ProjectTypeCut-OffTonnes (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
Cowal1Open Pit0.4546.540.691,02794.700.942,854141.250.853,8801
Cracow1Underground3.400.345.76630.814.771241.155.071872
Mt Carlton1Open-Pit0.800.503.03493.693.924654.183.825136
Mt Carlton1Underground3.700.605.651080.605.651087
Mt Carlton1Total0.503.03494.284.165734.784.04622
Mt Rawdon1Open Pit0.302.920.524922.650.7252125.560.695704
Mungari1Open-Pit0.750.271.14109.851.6151110.121.60521
MungariUnderground3.200.205.26340.544.58800.744.77113
Mungari1Total0.472.894410.391.7759010.861.826345
Ernest Henry2Underground0.9010.500.7926732.500.4648143.000.547478
MarsdenOpen Pit0.365.170.3981765.170.398173

Copper Resources StatementMeasuredIndicatedInferredTotal Resources
Total5.711.2370150.360.568359.380.8277165.450.59982.
ProjectTypeCut-OffTonnes (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
Marsden1Total0.2119.830.465533.140.247122.970.465601
Ernest Henry2Total0.905.211.326921.511.172525.731.176732.441.193872
Mt Carlton1Open pit0.350.500.2418.570.30260.430.4629.510.3029.
Mt CarltonUnderground2.40.451.0450.081.1510.531.066.
Mt
Carlton
Total0.500.2419.020.34300.520.57310.040.34343

Copper Reserves StatementProvedProbableTotal Reserve 
Total3.651.324879.200.6249082.850.65538
ProjectTypeCut-OffTonnes (Million)Copper Grade (%)Copper Metal (kt)Tonnes (Million)Copper Grade (%)Copper Metal (kt)Tonnes (Million)Copper Grade (%)Copper Metal (kt)CP
MarsdenTotal0.365.170.5737165.170.573711
Ernest Henry2Total0.93.151.49479.750.918912.901.051362
Mt Carlton1Open pit0.80.500.2413.690.71264.190.66273
Mt CarltonUnderground3.70.600.7040.600.7044
Mt CarltonTotal0.500.2414.280.71304.780.6631

General Notes:

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.
1 Includes stockpiles
2 Ernest Henry Operation cut-off 0.9% CuEq

The figures presented above are extracted from the report entitled “Annual Mineral Resources and Ore Reserve Statement 2018” released to ASX on 17 April 2019. To view this report click here.

Full details of the Ernest Henry Mineral Resources and Ore Reserves are provided in the report entitled “Glencore Resources and Reserves as at 31 December 2018” released 1 February 2019 and available to view at www.glencore.com.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the Reports and that all material assumptions and parameters underpinning the estimates in the Reports 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 Reports.

Ernest Henry Resource is reported on an 81.5% basis for gold and 36.7% for copper (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 and 49% of future gold, copper and silver produced from the Ernest Henry Resource outside the agreed life of mine area). Apportioning of the resource into the specific rights does not constitute a material change to the reported figures. Ernest Henry Reserve is reported on a 100% basis for gold and 30% for copper.

Group Gold Mineral Resources Competent Person (CP) Notes refer to 1. James Biggam; 2. Chris Wilson; 3. Andrew Engelbrecht; 4 Matthew Obiri-Yeboah; 5. Tim Murphy; 6. Colin Stelzer (Glencore); 7. Michael Andrew

Group Gold Ore Reserve Competent Person (CP) Notes refer to 1. Ryan Kare; 2. Phillip Jones; 3. Anton Kruger; 4. Dimitri Tahan; 5. Matt Varvari; 6. Tully Davies; 7. Mark Jamieson (Glencore)

Group Copper Mineral Resources Competent Person (CP) Notes refer to 1. Michael Andrew; 2. Colin Stelzer (Glencore); 3 Matthew Obiri-Yeboah 

Group Copper Ore Reserve Competent Person (CP) Notes refer to 1. Anton Kruger; 2. Mike Corbett (Glencore). 3. Sam Patterson; 4. Ben Hawkins