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MINERAL RESOURCE AND ORE RESERVE STATEMENT – DEC 2016

Gold Resources StatementMeasuredIndicatedInferredTotal Resources 
Total59.810.871,673457.150.7010,26447.450.911,392569.420.7313,330
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
Cowal1Total0.4043.700.71994129.710.933,8614.241.35184177.650.885,0391
Cracow1Total2.800.2410.89831.216.642581.853.061813.294.945222
Mt Carlton1Open-Pit0.350.521.67288.942.747880.744.4810710.212.81923
Mt CarltonUnderground2.40---0.168.01420.058.36140.228.0956
Mt Carlton1Total0.521.67 28 9.102.84 830 0.79 4.76 12110.432.929795
Mt Rawdon1Total0.201.700.603245.600.741,0893.490.586550.790.731,1866
Mungari1Open-Pit0.500.580.93176.381.743570.040.7517.001.67376
Mungari1Underground2.50/1.500.977.882473.983.564561.602.191136.553.87815
Mungari1Total1.555.2926410.352.448131.642.1611413.552.731,1913
Mungari RegionalTotal0.50---32.471.011,04011.441.5055243.911.131,5923
Ernest Henry2Total0.9012.100.7027268.700.591,3039.000.5014589.800.601,7207
MarsdenTotal---160.000.211,07015.000.07301800.201,1008
Copper Resources StatementMeasuredIndicatedInferredTotal Resources
Total4.151.1849189.710.4891818.490.3667217.370.481,034.
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
Marsden1Total----160.000.4064015.000.1930180.000.386708
Ernest Henry2Total0.903.631.334820.611.152372.701.103026.941.173157
Mt Carlton1Open pit0.350.520.2518.940.44400.740.82610.210.4747.
Mt CarltonUnderground2.4---0.160.7410.051.7410.220.982.
Mt
Carlton
Total0.520.2519.100.45410.790.89710.430.47495
Gold Reserves StatementProvedProbableTotal Reserve 
Total53.920.791,366169.130.965,198223.050.926,564
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
Cowal1Total0.4043.700.7199473.020.942,207116.710.853,2001
Cracow1Total3.500.346.54710.715.251201.055.671922
Mt Carlton1Open-Pit0.80---4.674.606914.674.606914
Mt Carlton1Underground3.7---0.177.77420.177.77427
Mt Carlton1Underground3.7---0.177.77420.177.77427
Mt Carlton1Total---4.844.717334.844.71733
Mt Rawdon1Total0.301.700.603330.990.8484032.690.838735
Mungari1Underground2.90.456.01871.104.881731.555.212606
Mungari1Open-Pit0.700.580.93185.191.692825.771.612996
Mungari1Regional0.85---0.981.35430.981.35436
Mungari1Total1.033.151057.272.134988.302.25602
Ernest Henry2Total0.907.150.7116352.300.4880159.450.509648
Copper Reserves StatementProvedProbableTotal Reserve 
Total2.131.413020.530.8818122.660.94212
ProjectTypeCut-OffTonnes (Million)Copper Grade (%)Copper Metal (kt)Tonnes (Million)Copper Grade (%)Copper Metal (kt)Tonnes (Million)Copper Grade (%)Copper Metal (kt)CP
Ernest Henry2Total0.92.131.413015.690.9615117.821.021828
Mt Carlton1Open pit0.8---4.670.62294.670.62294
Mt CarltonUnderground3.7---0.170.7010.170.7017
Mt CarltonTotal---4.840.62304.840.6230

General Notes:
The figures above are provided in the report entitled “Annual Mineral Resources and Ore Reserve Statement 2016” released to ASX on 20 April 2017.
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 Mineral Resources Competent Person Notes refer to: 1. Joseph Booth; 2. Shane Pike; 3. Andrew Engelbrecht; 5. Matthew Obiri-Yeboah; 6. Hans Andersen; 7. Colin Stelzer (Glencore);  8. Michael Andrew;

Group Ore Reserve Competent Person Notes refer to: 1. Jason Floyd; 2. Sam Myers; 4. Tony Wallace; 5. Dimitri Tahan; 6. Matt Varvari; 7. Ian Patterson; 8. 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.

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 ResourceJoseph Booth
Cowal Ore ReserveJason Floyd
Mungari Mineral ResourceAndrew Engelbrecht
Mungari Ore ReserveMatt Varvari
Mungari Regional Mineral Resource Andrew Engelbrecht
Mungari Regional Ore ReserveMatt Varvari
Mt Carlton Mineral ResourceMatthew Obiri-Yeboah
Mt Carlton Open Pit Ore ReserveAnthony Wallace
Mt Carlton Underground Ore ReserveIan Patterson
Cracow Mineral ResourceShane Pike
Cracow Ore ReserveIan Patterson
Mt Rawdon Mineral ResourceHans Andersen
Mt Rawdon Ore ReserveDimitri Tahan
Marsden Mineral ResourceMichael Andrew

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. The information in this statement that relates to the Ernest Henry Mineral Resource and Ore Reserve is based on, and fairly represents, information and supporting documentation prepared by Colin Stelzer and Alexander Campbell respectively. Colin and Alexander are members of the Australasian Institute of Mining and Metallurgy and are full-time employees of Glencore. The Company confirms that all material assumptions and technical parameters underpinning the estimates in Glencore’s market release 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.