Group JORC Resources and Reserves in Accordance with JORC Code 2012 as of 31/12/2015. WAI April 2016

Group Assets in Amur Region. Total
Mineral ResourceOre Reserve
CategoryTonnage (Mt)Avg. Grade (g/t)Contained Metal (Moz)CategoryTonnage (Mt)Avg. Grade (g/t)Contained Metal (Moz)
Measured 58 1.02 1.88 Proven 37  1.03 1.24
Indicated 431 0.84 11.65 Probable 198   0.94 5.95
M+I 488 0.86 13.53 P+P 235 0.95 7.18
Inferred 273 0.76 6.62           

 

Group Assets in Amur Region. Non Refractory
Mineral ResourceOre Reserve
CategoryTonnage (Mt)Avg. Grade (g/t)Contained Metal (Moz)CategoryTonnage (Mt)Avg. Grade (g/t)Contained Metal (Moz)
Measured 31 1.00 0.99 Proven 17 0.91 0.48
Indicated 231  0.86 6.38 Probable 94 0.91 2.75
M+I 262 0.88 7.37 P+P 110 0.91 3.24
Inferred 127 0.85 3.47        

 

Group Assets in Amur Region. Refractory
Mineral ResourceOre Reserve
CategoryTonnage (Mt)Avg. Grade (g/t)Contained Metal (Moz)CategoryTonnage (Mt)Avg. Grade (g/t)Contained Metal (Moz)
Measured 27 1.04 0.89 Proven 21   1.14 0.75
Indicated 200 0.82 5.27 Probable 104 0.96 3.20
M+I 226 0.85 6.16 P+P 125 0.99 3.95
Inferred 145 0.67 3.15        

 

 


Notes - Reserves

 (1) Group Ore Reserve statements are prepared by WAI; Pioneer. Albyn. Malomir and Pokrovskiy Reserves were prepared in April 2016 in accordance with JORC Code 2012; Tokur Reserves were prepared in 2010 in accordance with JORC Code 2004
(2) Ore Reserve estimations are for open pit extraction. Pioneer. Albyn. Malomir and Pokrovskiy areas are reported within economical pit shells using a $1.100/oz gold price assumption. Tokur has been based on a $1.000/oz gold price assumption. together with operating cost assumptions relevant at the time of the estimates.
(3) Ore Reserve estimation cut off grades for reporting vary from 0.3 to 0.9g/t Au. depending on the asset and processing method.
(4) Figures may not add up due to rounding.

Notes - Resources

(1) Mineral Resources include Ore Reserves.
(2) Mineral Resources for Pokrovskiy. Pioneer. Malomir and Albyn were audited in April 2015 by WAI in accordance with JORC Code 2012. with a further review of changes in April 2016; Mineral Resources for Tokur were reviewed by WAI in 2010 in accordance with JORC Code 2004.
(3) The cut off grade for the open pit resources varies from 0.30 to 0.35g/t depending on the type of mineralisation and proposed processing method; a cut off grade of 1.5g/t is used to report Mineral Resources for potential underground mining
(4) Mineral Resources for the Core Projects including Pokrovskiy. Pioneer. Malomir and Albyn are constrained by open pit shells at a long term gold price of US$1.500/oz. For these areas. where Mineral Resources for underground mining are evaluated (Andreevskaya and NE Bakhmut at Pioneer and Quartzitovoye at Malomir). open pit Mineral Resources are constrained by the pit designs used to define Ore Reserves. Tokur Mineral Resources have no open pit constraints.
(5) Mineral Resources reported for potential underground extraction have been defined as those below the pit designs used in the Ore Reserve estimate.

POX Hub 

poxfooter

 Latest Report

ARfooter

Corporate Presentation

presentationsidegold