Table 1: Edikan Measured and Indicated Mineral Resources - December 2016 6,7

Deposit    Measured Resources Indicated Resources Measured + Indicated Resources
  Deposit Type

Quantity
Mt

 

Grade g/t gold

Gold Kozs

Quantity Mt Grade g/t gold Gold Kozs Quantity Mt Grade g/t gold Gold Kozs
AF Gap1,2
Open Pit 11.0  0.97  342  35.7  0.84  963 46.6 0.87 1,305
Fobinso1,2 Open Pit  2.7 1.08  93  11.8  0.94 357 14.5 0.97 450
Esuajah North1,2 Open Pit 11.4  0.96  352  19.5  0.89  557  30.9 0.92 909 
Fetish1,2,5 Open Pit 9.6  1.00  309  23.9   0.90  692  33.5  0.93  1,001 
Chirawewa North1,2 Open Pit 1.4  0.85  38  5.7  0.82  150  7.1  0.83  188 
Chirawewa South1,2 Open Pit 0.2  1.16  0.6  1.02  19  0.8  1.05  25 

Bokitsi South1,2

Open Pit 0.9  2.57  71  1.1  1.90  66  1.9  2.20  137 
Sub-Total Open Pit 37.2  1.01  1,211  98.2  0.89  2,804  135.3  0.92  4,015 
Esuajah South3
 U/ground  8.5 1.9  533  6.3  1.7  353  14.8  1.8  879 
Heap Leach4 Stockpile       4.3  0.6  89  4.3  0.6  89
ROM Stockpiles Stockpile  1.4 0.61  28  1.4  0.61  28 
TOTAL    47.1 1.17  1,772  108.8  0.93  3,246  155.8  1.00  5,011 
Notes:
1.    Allows for mining depletion to 31 December 2016.
2.    0.4g/t gold cut-off applied.
3.    0.7g/t gold cut-off applied.
4.    At zero cut-off grade.
5.    Includes Bokitsi North lode
6.    Mineral Resources are inclusive of any Ore Reserves.
7.    Numbers are rounded and may not add up correctly in the table.
8.   Note that the Dadieso and Mampong deposits have been removed from the Mineral Resource on economic grounds.
 
 

Table 2: Edikan's Inferred Mineral Resources - December 2016

 
Deposit
 
  Inferred Resources 
Deposit Type
Quantity Grade Gold
Mt g/t gold '000 oz
AF Gap1,2 Open Pit 9.4 0.8 250
Fobinso1,2 Open Pit 3.5 0.9 95
Esuajah North1,2 Open Pit 2.9 0.9 88
Fetish1,2,4 Open Pit 6.3 1.0 191
Chirawewa North1,2 Open Pit 1.5 0.8 39
Chirawewa South1,2 Open Pit 0.04 1.1 1
Bokitsi South1,2 Open Pit 1.3 1.1 43
Esuajah South3 Underground 4.7 1.3 192
TOTAL 30.0 0.9 899

Notes:

  1. Allows for mining depletion to 31 December 2016.
  2. 0.4g/t gold cut-off applied.
  3. 0.7g/t gold cut-off applied.
  4. Includes Bokitsi North lode.
  5. Numbers are rounded and may not add up correctly in the table. 

 

Table 3: Edikan's Proved and Probable Ore Reserves as at 31 December 2016

Deposit Deposit Type Proved Reserves Probable Reserve Proved + Probable Reserves
Quantity Mt Grade g/t gold Gold Koz Quantity Mt Grade g/t gold Gold Koz Quantity Mt Grade g/t gold Gold Koz
AF Gap
Open Pit 5.5 1.09 191 6.0 1.07 208 11.5 1.08 399
Fobinso Open Pit 1.1 1.19 44 3.3 1.11 119 4.5 1.19 163
Esuajah North Open Pit 6.5 1.10 229 7.8 1.04 262 14.3 1.07 491
Fetish Open Pit 4.6 1.21 179 7.9 1.11 281 12.5 1.15 459
Chirawewa North Open Pit 0.5 1.05 17 2.0 0.99 63 2.5 1.01 80
Bokitsi
Open Pit 0.5 2.94 44 0.1 2.75 10 0.6 2.91 55
Sub-Total Open Pit 18.7
1.17
704 27.1
1.08
943 45.8
1.12 1,647
Esuajah South U/ground       4.9 2.0 314 4.9 2.0 314
Heap Leach Stockpile       4.3 0.6 89 4.3 0.6 89
ROM Stockpiles Stockpile  1.4  0.61  28   -  -   -  1.4  0.61 28
TOTAL    40.8  1.2  1,556  15.0  1.3  620  55.8  1.2  2,177
Notes:

1. Numbers are rounded and may not add up correctly in the table
2. All the estimates are on a dry tonne basis
3. Based on December 2016 Mineral Resource estimation
4. Variable gold cut-off grade based on material type and mining method
5. Inferred Mineral Resource is treated as mineralised waste
6. Allows for mining depletion up to and including 31 December 2016
7. ROM denotes Run of Mine
8. Heap Leach refers to decommissioned heap leach pads established by prior owners of Edikan 

 

 Table 4: Sissingué Measured and Indicated Mineral Resources - March 2017

Deposit Deposit Type Measured Resources   Indicated Resources   Measured + Indicated Resources  
    Quantity
Mt
Grade g/t gold Gold koz Quantity
Mt
Grade g/t gold Gold koz Quantity
Mt
Grade g/t gold Gold koz
Sissingué1 Oxide 0.78 1.9 48  2.40  1.3  100  3.20 1.5  150
  Transitional 0.59 1.9 36  0.67  1.4  29  1.30  1.6  66
  Fresh 2.90 2.1 200  5.90  1.5  280  88.0  1.7  480
Sub-total   4.30 2.1 290  8.90  1.4  410  13.00  1.6  700
Bélé East2 Laterite - - -  0.03  1.9  2  0.03  1.9  2
  Completely weathered - - -  0.08  2.1  5  0.08  2.1  5
  Partially weathered - - -  0.05  1.9  3  0.05  1.9  3
  Weakly weathered - - -  0.12  2.0  8  0.12  2.0  8
  Fresh - - -  0.36  2.6  30  0.36  2.6  30
Sub-total   - -  -  0.65  2.3  49  0.65  2.3  49
Bélé West2 Laterite - - -  0.04  1.7  2  0.04  1.7  2
  Completely weathered - - -  0.08  1.7  4  0.08  1.7  4
  Partially weathered - - -  0.09  1.6  5  0.09  1.6  5
  Weakly weathered - - -  0.19  1.6  10  0.19  1.6  10
  Fresh - - -  0.87  2.0  57  0.87  2.0  57
Sub-total   - - -  1.300  1.8  78  1.30  1.8  78
Grand Total   4.30 2.1 290  11.00 1.5  540 15.00  1.7  820

 

 Table 5: Sissingué Inferred Mineral Resources - March 2017

Deposit
Deposit Type
  Inferred Resources
 
    Quantity
Mt
Grade g/t gold Gold koz
Sissingué Oxide 0.23 1.2 9
  Transitional 0.06 1.0 2
  Fresh 0.66 2.3 48
Sub-total   0.94 1.9 58
Bélé East Laterite 0.02 1.5 1
  Completely Weathered 0.01 1.9 1
  Partially Weathered - - -
  Weakly Weathered 0.02 1.5 1
  Fresh 0.24 1.8 14
Sub-total   0.28 1.8 16
Bélé West Laterite 0.02 2.0 1
  Completely Weathered 0.02 1.7 1
  Partially Weathered 0.01 1.3 1
  Weakly Weathered 0.02 1.6 1
  Fresh 0.08 2.0 5
Sub-total   0.14 1.8 8
Grand total   1.400 1.9
80

 

Notes on Tables 4 & 5:
1. 0.6g/t gold cut-off applied at Sissingué

2. 0.8g/t gold cut-off grade applied at Bélé
3. Mineral Resources are inclusive of any Ore Reserves
4. Numbers are rounded and may not add up correctly
 

 

Table 6: Sissingué Proved and Probable Ore Reserves - 31 March 2017

Deposit
Deposit Type Proved
Probable
Proved + Probable
    Quantity (Mt) Grade g/t gold Gold koz Quantity (Mt) Grade g/t gold Gold koz Quantity (Mt) Grade g/t gold Gold koz

Sissingué3,5

Open Pit 3.1 2.4 240 1.8 1.5 86 4.8 2.1 330
Bélé East4,5 Open Pit - - - 0.5 2.5 39 0.5 2.5 39
Bélé West3,4 Open Pit - - - 05 2.1 35 0.5 2.1 35
Total
  3.1
2.4
240
2.8
1.8 160 5.9 2.1
400
 Note:
1. Numbers are rounded and may not add up correctly in the table
2. All the estimates are on a dry tonne basis
3. Based on December 2016 Mineral Resource Estimate
4. Based on February  2017 Mineral Resource estimation
5. Variable gold cut-off grade based on material type and mining method
6. Inferred Mineral Resource is treated as mineralised waste

 

 

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