JORC Information


As at 31 December 2015, the total Measured, Indicated and Inferred gold resources for the Sokor Project (above a 0.5 g/t gold cut-off grade at Manson's Lode and Ketubong, above a 0.4 g/t gold cut-off grade at New Discovery and above a 0.3 g/t gold cut-off grade at Rixen) was 13,830,000 tonnes at 1.4 g/t gold with 618,000 ounces of contained gold (inclusive of material used to define Ore Reserves). Manson's Lode Mineral Resources contain additional silver, lead and zinc Mineral Resources of 1,210,000 tonnes with an average grade of 44 g/t silver, 1.7% lead and 1.6% zinc. This comes to a total of 1,717,000 ounces of contained silver, 20,802 tonnes of contained lead and 19,615 tonnes of contained zinc. The share of the Mineral Resource attributable to CNMC is 81% and is summarised in the table below.

Compared to the 31 December 2014 Mineral Resource estimate, there has been an increase in gold Mineral Resources of 3,022,000 tonnes at 1.2 g/t gold. This represents an increase of 22% in contained gold in the Mineral Resource. The increased tonnage at Manson's Lode, of 274,000 tonnes, has an average grade of 26 g/t Ag, 3.1% lead and 2.4% Zinc with contained metal of 225,000 ounces of silver, 8,253 tonnes of lead and 6,608 tonnes of zinc.

The Mineral Resource estimates for the Sokor Project have been prepared and classified in accordance with the guidelines of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, December 2012 (the JORC Code 2012).

Below was the Mineral Resources Statement as at 31 December 2015

Gross Attributable to Licence Gross Attributable to CNMC
Category Mineral
Type
Tonnes
(millions)
Grade
(Au g/t,
Ag g/t, Pb%,
Zn%)
Contained
metal (Au koz,
Ag koz, Pb t,
Zn t)
Tonnes
(millions)
Grade
(Au g/t,
Ag g/t, Pb%,
Zn%)
Contained
metal (Au koz,
Ag koz, Pb t,
Zn t)
Change from
previous
update (%)
Measured Gold 0.56 3.1 56 0.46 3.1 45 -2
Indicated Gold 7.14 1.3 297 5.78 1.3 241 +4
Inferred Gold 6.13 1.4 265 4.95 1.4 215 +63
Total Gold 13.83 1.4 618 11.18 1.4 501 +22
Measured Silver 0.33 63 674 0.27 63 546 +2
Indicated Silver 0.17 73 398 0.14 73 322 +10
Inferred Silver 0.71 28 645 0.57 28 522 +36
Total Silver 1.21 44 1,717 0.98 44 1,391 +15
Measured Lead 0.33 1.7 5,632 0.27 1.7 4,562 +1
Indicated Lead 0.17 1.7 2,925 0.14 1.7 2,370 +11
Inferred Lead 0.71 1.7 12,245 0.57 1.7 9,918 +188
Total Lead 1.21 1.7 20,802 0.98 1.7 16,850 +67
Measured Zinc 0.33 1.7 5,535 0.27 1.7 4,483 +1
Indicated Zinc 0.17 2.0 3,299 0.14 2.0 2,672 +8
Inferred Zinc 0.71 1.5 10,781 0.57 1.5 8,733 +142
Total Zinc 1.21 1.6 19,615 0.98 1.6 15,888 +51

Note: Inconsistencies in totals are due to rounding