JORC Information


As at 31 December 2016, the total measured, indicated and inferred gold resources for the Sokor Project (above a 0.3 gram/tonne ("g/t") gold cut-off grade at Rixen, a 0.4 g/t gold cut-off grade at New Discovery and New Found and a 0.5 g/t gold cut-off grade at Manson's Lode and Ketubong) are 13,250,000 tonnes at 1.5 g/t gold grade, which would amount to 623,000 ounces of contained gold (inclusive of material used to define ore reserves). In addition, mineral resources at Manson's Lode contain significant amounts of silver, lead and zinc, each amounting to 1,310,000 tonnes ore with an average grade of 47 g/t of silver, 1.7% lead and 1.6% zinc. This amounts to a total of 1,964,000 ounces of contained silver, 22,678 tonnes of contained lead and 21,448 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 previous mineral resources estimate as at 31 December 2015, there has been a decrease in gold mineral resources of 585,000 tonnes at 0.3 g/t gold. This represents a minor increase of 0.8% in contained gold in the mineral resources. The silver, lead and zinc mineral resources at Manson's Lode have risen by 103,000 tonnes (with an average grade of 75 g/t silver, 1.8% lead and 1.8% zinc) marking an increase of 246,000 ounces of contained silver, 1,880 tonnes of contained lead and 1,830 tonnes of contained 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 2016

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 0
Indicated Gold 6.11 1.4 275 4.95 1.4 222 -8
Inferred Gold 6.57 1.4 292 5.32 1.4 237 +10
Total Gold 13.25 1.5 623 10.73 1.5 505 +1
Measured Silver 0.33 63 673 0.27 63 545 0
Indicated Silver 0.17 73 398 0.14 73 322 0
Inferred Silver 0.81 34 892 0.66 34 723 +38
Total Silver 1.31 47 1,964 1.06 47 1,590 +14
Measured Lead 0.33 1.7 5,631 0.27 1.7 4,561 0
Indicated Lead 0.17 1.7 2,925 0.14 1.7 2,369 0
Inferred Lead 0.81 1.7 14,122 0.66 1.7 11,439 +15
Total Lead 1.31 1.7 22,678 1.06 1.7 18,370 +9
Measured Zinc 0.33 1.7 5,535 0.27 1.7 4,483 0
Indicated Zinc 0.17 1.9 3,286 0.14 1.9 2,662 0
Inferred Zinc 0.81 1.6 12,628 0.66 1.6 10,229 +17
Total Zinc 1.31 1.6 21,448 1.06 1.6 17,373 +9

Note: Inconsistencies in totals are due to rounding