Reserves & Resources

MINERAL RESOURCE AND ORE RESERVE STATEMENT - DEC 2019

Gold Resources StatementMeasuredIndicatedInferredTotal Resources 
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
CowalOpen-Pit0.35164.150.874,60221.090.92626185.250.885,229
CowalStockpile42.790.6386042.790.63860
CowalUnderground1.56.793.0366122.932.501,84229.722.622,502
CowalTotal42.790.63860170.940.965,26344.021.742,468257.761.048,5911
Cracow1Total2.20.337.99840.745.881411.482.541212.554.213452
Mt CarltonOpen-Pit0.353.552.042330.401.12143.961.90247
Mt CarltonStockpile0.351.06124.840.54845.190.5896
Mt CarltonUnderground2.550.454.83700.043.2850.504.7075
Mt CarltonTotal0.351.06 12 8.851.36 387 0.45 1.33 199.641.354184
Mt Rawdon1Total0.176.440.377636.860.6576912.930.5221756.230.591,0625
Mungari1Open-Pit0.500.581.302438.381.221,5086.491.5231745.451.271,849
Mungari1Underground1.80.535.34911.773.281873.172.772835.473.18560
Mungari1Total1.113.2211540.151.311,6959.661.9360050.921.472,4093
Ernest Henry2Total0.907.700.6516147.900.629509.000.6117764.600.621,2886
MarsdenTotal0.20119.830.271,0313.140.2222122.970.271,0537
Total58.720.691,307425.270.7510,23680.681.403,624564.670.8415,167

Gold Reserves StatementProvedProbableTotal Reserve 
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
CowalOpen Pit0.4589.430.962,77389.430.962,773
CowalStockpile42.790.6386042.790.63860
CowalTotal42.790.6386089.430.962,773132.220.853,6341
Cracow1Underground3.100.395.95740.215.67380.615.781142
Mt CarltonOpen-Pit1.81.513.581741.513.581743
Mt CarltonStockpile0.351.06124.840.54845.190.5896
Mt CarltonUnderground3.20.363.44400.363.44404
Mt CarltonTotal0.351.06126.711.382997.061.37311
Mt Rawdon1Open Pit0.243.730.455320.920.7248524.650.685385
Mungari1Open-Pit0.750.581.282410.551.4047611.121.40500
MungariUnderground2.90.434.05560.075.35120.504.2568
Mungari1Total1.012.478010.621.4348911.631.525685
Ernest Henry2Underground0.906.100.8015633.400.4750539.400.526606
MarsdenOpen Pit0.365.170.3981765.170.398174
Total54.370.711,2352260.745,4062810.746,642

Copper Resources StatementMeasuredIndicatedInferredTotal Resources
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 Henry2Total0.902.601.173020.901.162437.101.168330.601.163562
Mt Carlton1Open pit0.350.350.2113.550.36130.400.1814.300.3314.
Mt CarltonUnderground2.550.450.7730.040.5300.500.754.
Mt
Carlton
Total0.350.2114.010.41160.450.2114.800.38183
Total2.951.0431144.740.5681210.690.8591158.370.59934.

Copper Reserves StatementProvedProbableTotal Reserve 
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 Henry2Total0.91.801.502713.200.9312315.101.001502
Mt Carlton1Open pit1.80.350.2111.510.6191.860.54103
Mt CarltonUnderground3.20.360.3910.360.3911
Mt CarltonTotal0.350.2111.880.57112.220.5111
Total2.151.292880.250.6350582.490.65532

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

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