Reserves & Resources
MINERAL RESOURCE AND ORE RESERVE STATEMENT - DEC 2019
| 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 |
| Cowal | Open-Pit | 0.35 | – | – | – | 164.15 | 0.87 | 4,602 | 21.09 | 0.92 | 626 | 185.25 | 0.88 | 5,229 | |
| Cowal | Stockpile | 42.79 | 0.63 | 860 | – | – | – | – | – | – | 42.79 | 0.63 | 860 | ||
| Cowal | Underground | 1.5 | – | – | – | 6.79 | 3.03 | 661 | 22.93 | 2.50 | 1,842 | 29.72 | 2.62 | 2,502 | |
| Cowal | Total | 42.79 | 0.63 | 860 | 170.94 | 0.96 | 5,263 | 44.02 | 1.74 | 2,468 | 257.76 | 1.04 | 8,591 | 1 | |
| Cracow1 | Total | 2.2 | 0.33 | 7.99 | 84 | 0.74 | 5.88 | 141 | 1.48 | 2.54 | 121 | 2.55 | 4.21 | 345 | 2 |
| Mt Carlton | Open-Pit | 0.35 | – | – | – | 3.55 | 2.04 | 233 | 0.40 | 1.12 | 14 | 3.96 | 1.90 | 247 | |
| Mt Carlton | Stockpile | 0.35 | 1.06 | 12 | 4.84 | 0.54 | 84 | – | – | – | 5.19 | 0.58 | 96 | ||
| Mt Carlton | Underground | 2.55 | – | – | – | 0.45 | 4.83 | 70 | 0.04 | 3.28 | 5 | 0.50 | 4.70 | 75 | |
| Mt Carlton | Total | 0.35 | 1.06 | 12 | 8.85 | 1.36 | 387 | 0.45 | 1.33 | 19 | 9.64 | 1.35 | 418 | 4 | |
| Mt Rawdon1 | Total | 0.17 | 6.44 | 0.37 | 76 | 36.86 | 0.65 | 769 | 12.93 | 0.52 | 217 | 56.23 | 0.59 | 1,062 | 5 |
| Mungari1 | Open-Pit | 0.50 | 0.58 | 1.30 | 24 | 38.38 | 1.22 | 1,508 | 6.49 | 1.52 | 317 | 45.45 | 1.27 | 1,849 | |
| Mungari1 | Underground | 1.8 | 0.53 | 5.34 | 91 | 1.77 | 3.28 | 187 | 3.17 | 2.77 | 283 | 5.47 | 3.18 | 560 | |
| Mungari1 | Total | 1.11 | 3.22 | 115 | 40.15 | 1.31 | 1,695 | 9.66 | 1.93 | 600 | 50.92 | 1.47 | 2,409 | 3 | |
| Ernest Henry2 | Total | 0.90 | 7.70 | 0.65 | 161 | 47.90 | 0.62 | 950 | 9.00 | 0.61 | 177 | 64.60 | 0.62 | 1,288 | 6 |
| Marsden | Total | 0.20 | – | – | – | 119.83 | 0.27 | 1,031 | 3.14 | 0.22 | 22 | 122.97 | 0.27 | 1,053 | 7 |
| Total | 58.72 | 0.69 | 1,307 | 425.27 | 0.75 | 10,236 | 80.68 | 1.40 | 3,624 | 564.67 | 0.84 | 15,167 | |||
| 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 |
| Cowal | Open Pit | 0.45 | – | – | – | 89.43 | 0.96 | 2,773 | 89.43 | 0.96 | 2,773 | |
| Cowal | Stockpile | 42.79 | 0.63 | 860 | – | – | – | 42.79 | 0.63 | 860 | ||
| Cowal | Total | 42.79 | 0.63 | 860 | 89.43 | 0.96 | 2,773 | 132.22 | 0.85 | 3,634 | 1 | |
| Cracow1 | Underground | 3.10 | 0.39 | 5.95 | 74 | 0.21 | 5.67 | 38 | 0.61 | 5.78 | 114 | 2 |
| Mt Carlton | Open-Pit | 1.8 | – | – | – | 1.51 | 3.58 | 174 | 1.51 | 3.58 | 174 | 3 |
| Mt Carlton | Stockpile | 0.35 | 1.06 | 12 | 4.84 | 0.54 | 84 | 5.19 | 0.58 | 96 | ||
| Mt Carlton | Underground | 3.2 | – | – | – | 0.36 | 3.44 | 40 | 0.36 | 3.44 | 40 | 4 |
| Mt Carlton | Total | 0.35 | 1.06 | 12 | 6.71 | 1.38 | 299 | 7.06 | 1.37 | 311 | ||
| Mt Rawdon1 | Open Pit | 0.24 | 3.73 | 0.45 | 53 | 20.92 | 0.72 | 485 | 24.65 | 0.68 | 538 | 5 |
| Mungari1 | Open-Pit | 0.75 | 0.58 | 1.28 | 24 | 10.55 | 1.40 | 476 | 11.12 | 1.40 | 500 | |
| Mungari | Underground | 2.9 | 0.43 | 4.05 | 56 | 0.07 | 5.35 | 12 | 0.50 | 4.25 | 68 | |
| Mungari1 | Total | 1.01 | 2.47 | 80 | 10.62 | 1.43 | 489 | 11.63 | 1.52 | 568 | 5 | |
| Ernest Henry2 | Underground | 0.90 | 6.10 | 0.80 | 156 | 33.40 | 0.47 | 505 | 39.40 | 0.52 | 660 | 6 |
| Marsden | Open Pit | 0.3 | – | – | – | 65.17 | 0.39 | 817 | 65.17 | 0.39 | 817 | 4 |
| Total | 54.37 | 0.71 | 1,235 | 226 | 0.74 | 5,406 | 281 | 0.74 | 6,642 | |||
| 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 |
| Marsden1 | Total | 0.2 | – | – | – | 119.83 | 0.46 | 553 | 3.14 | 0.24 | 7 | 122.97 | 0.46 | 560 | 1 |
| Ernest Henry2 | Total | 0.90 | 2.60 | 1.17 | 30 | 20.90 | 1.16 | 243 | 7.10 | 1.16 | 83 | 30.60 | 1.16 | 356 | 2 |
| Mt Carlton1 | Open pit | 0.35 | 0.35 | 0.21 | 1 | 3.55 | 0.36 | 13 | 0.40 | 0.18 | 1 | 4.30 | 0.33 | 14 | . |
| Mt Carlton | Underground | 2.55 | – | – | – | 0.45 | 0.77 | 3 | 0.04 | 0.53 | 0 | 0.50 | 0.75 | 4 | . |
| Mt Carlton | Total | 0.35 | 0.21 | 1 | 4.01 | 0.41 | 16 | 0.45 | 0.21 | 1 | 4.80 | 0.38 | 18 | 3 | |
| Total | 2.95 | 1.04 | 31 | 144.74 | 0.56 | 812 | 10.69 | 0.85 | 91 | 158.37 | 0.59 | 934 | . | ||
| 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 |
| Marsden | Total | 0.3 | – | – | – | 65.17 | 0.57 | 371 | 65.17 | 0.57 | 371 | 1 |
| Ernest Henry2 | Total | 0.9 | 1.80 | 1.50 | 27 | 13.20 | 0.93 | 123 | 15.10 | 1.00 | 150 | 2 |
| Mt Carlton1 | Open pit | 1.8 | 0.35 | 0.21 | 1 | 1.51 | 0.61 | 9 | 1.86 | 0.54 | 10 | 3 |
| Mt Carlton | Underground | 3.2 | – | – | – | 0.36 | 0.39 | 1 | 0.36 | 0.39 | 1 | 1 |
| Mt Carlton | Total | 0.35 | 0.21 | 1 | 1.88 | 0.57 | 11 | 2.22 | 0.51 | 11 | ||
| Total | 2.15 | 1.29 | 28 | 80.25 | 0.63 | 505 | 82.49 | 0.65 | 532 | |||
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
This information is extracted from the ASX release entitled “Annual Mineral Resources and Ore Reserves Statement” released to the ASX on 12 April 2020. 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 2019” released 4 February 2020 and available to view at www.glencore.com. Mineral Resources are inclusive of Reserves. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement.
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.
Evolution Mining has an economic interest earning rights to 100% of the revenue from future gold production and 30% of future copper and silver produced from an agreed area, and 49% of future gold, copper and silver produced from the Ernest Henry Resource outside the agreed area. The Ernest Henry Resource is reported here on the basis of economic interest and not the entire mine resource. The above reported figures constitute 79.5% of the total Ernest Henry gold resource.
Group Gold Mineral Resources Competent Person (CP) Notes refer to 1. James Biggam; 2. Michael Smith; 3. Chris Wilson; 4 Tim Murphy; 5. Andrew Engelbrecht; 6. Colin Stelzer (Glencore); 7. Michael Andrew
Group Gold Ore Reserve Competent Person (CP) Notes refer to 1. Ryan Kare; 2. Matt Gray; 3. Sam Patterson; 4. Anton Kruger; 5. Mark Boon; 6. Ken Larwood; 7. Mike Corbett (Glencore);
Group Copper Mineral Resources Competent Person (CP) Notes refer to 1. Michael Andrew; 2. Colin Stelzer (Glencore); 3 Chris Wilson
Group Copper Ore Reserve Competent Person (CP) Notes refer to 1. Anton Kruger; 2. Mike Corbett (Glencore). 3. Sam Patterson; 4. Anton Kruger
