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MINERAL RESOURCE AND ORE RESERVE STATEMENT – DEC 2017

Gold Resources StatementMeasuredIndicatedInferredTotal Resources 
Total64.070.801,640419.270.7610,22652.461.412,380535.790.8314,245
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-Pit0.446.640.701,049141.990.914,1735.271.50255193.900.885,476
CowalUnderground3------5.903.176035.903.17603
Cowal1Total0.4046.640.701,049141.990.914,17311.172.39858199.801.036,0791
Cracow1Total2.800.178.52461.407.133211.562.871443.135.085112
Mt Carlton1Open-Pit0.350.593.656910.362.387930.694.5810111.642.56963
Mt CarltonUnderground2.40---0.2111.56780.0510.38150.2511.3093
Mt Carlton1Total0.593.65 69 10.572.60 870 0.73 4.90 11711.892.801,0564
Mt Rawdon1Total0.202.890.585439.790.719055.770.5810848.440.691,0675
Mungari1Open-Pit0.500.180.94537.101.151,37311.381.5054848.661.231,927
Mungari1Underground2.50/1.500.419.461241.484.502143.702.472945.593.52633
Mungari1Total0.596.8413038.581.281,58715.081.7484254.261.472,5603
Ernest Henry2Total0.9013.200.6929367.100.621,33815.000.6028995.300.631,9206
MarsdenTotal0.20---119.830.271,0313.140.2222122.970.271,0537
Gold Reserves StatementProvedProbableTotal Reserve 
Total61.030.781,530214.950.805,518275.990.797,048
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 Pit0.4046.640.701,04969.640.891,998116.280.813,0461
Cracow1Underground3.400.175.72321.315.082131.485.142452
Mt Carlton1Open-Pit0.800.593.65693.634.965784.224.776473
Mt Carlton1Underground3.7---0.287.20650.287.22656
Mt Carlton1Total0.593.65693.915.116434.504.92712
Mt Rawdon1Open Pit0.302.890.585423.560.8161726.440.796714
Mungari1Underground2.750.375.86700.714.701071.085.10177
Mungari1Open-Pit0.700.180.9459.451.564749.631.55479
Mungari1Total0.554.247510.161.7858110.711.916565
Ernest Henry2Underground0.9010.200.7725341.200.4964951.400.559027
MarsdenOpen Pit0.3---65.170.3981765.170.398173
Copper Resources StatementMeasuredIndicatedInferredTotal Resources
Total4.551.1854150.530.568368.380.6857163.450.58946.
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
Marsden1Total0.2---119.830.465533.140.247122.970.465607
Ernest Henry2Total0.903.961.305120.131.182384.501.004528.591.173346
Mt Carlton1Open pit0.350.590.37210.360.41430.690.68511.640.4350.
Mt CarltonUnderground2.4---0.210.9920.051.4010.251.063.
Mt
Carlton
Total0.590.37210.570.43450.740.73511.890.44524
Copper Reserves StatementProvedProbableTotal Reserve 
Total3.651.324881.440.6351685.090.66564
ProjectTypeCut-OffTonnes (Million)Copper Grade (%)Copper Metal (kt)Tonnes (Million)Copper Grade (%)Copper Metal (kt)Tonnes (Million)Copper Grade (%)Copper Metal (kt)CP
MarsdenTotal0.3---65.170.5737165.170.573713
Ernest Henry2Total0.93.061.504612.360.9611915.421.071657
Mt Carlton1Open pit0.80.590.3723.630.70254.220.64273
Mt CarltonUnderground3.7---0.280.3710.280.3616
Mt CarltonTotal0.590.3723.910.66264.500.6228

General Notes:
The figures above are provided in the report entitled “Annual Mineral Resources and Ore Reserve Statement 2017” released to ASX on 19 April 2018.
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

Ernest Henry project is reported on a 100% basis for gold and 30% basis 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).  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 2016” released February 2017 and available to view at www.glencore.com.

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. James Biggam; 2. Chris Wilson; 3. Andrew Engelbrecht; 4 Matthew Obiri-Yeboah; 5. Tim Murphy; 6. Colin Stelzer (Glencore); 7. Michael Andrew

Group Copper 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)

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.

COMPETENT PERSONS STATEMENT

The information in this statement that relates to the Mineral Resources and Ore Reserves listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent 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 is a member of the Australasian Institute of Mining and Metallurgy and consents to the inclusion in this report of the matters based on their information in the form and context in which it appears.

Activity Competent Person
Cowal Mineral ResourceJames Biggam
Cowal Ore ReserveRyan Kare
Mungari Mineral ResourceAndrew Engelbrecht
Mungari Ore ReserveMatt Varvari
Mt Carlton Mineral ResourceMatthew Obiri-Yeboah
Mt Carlton Open Pit Ore ReserveAnton Kruger
Mt Carlton Underground Ore ReserveTully Davies
Cracow Mineral Resource Chris Wilson
Cracow Ore ReservePhillip Jones
Mt Rawdon Mineral ResourceTimothy Murphy
Mt Rawdon Ore ReserveDimitri Tahan
Marsden Mineral ResourcesMichael Andrew
Marsden Ore ReserveAnton Kruger
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 2017” released February 2018 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 Report and that all material assumptions and 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