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 Mineral Resource Estimate - December 2016

Category Area Tonnage (kt) Grade (g/t Au) Contained Gold (oz)
 
Measured
 
Oxide 780 1.9 48,000
Transitional 590 1.9 36,000
Fresh 2,900 2.1 200,000
Total Measured   4,300 2.1 290,000
 
Indicated
 
Oxide 2,400 1.3 100,000
Transitional 670 1.4 29,000
Fresh 5,900 1.5 280,000
Total Indicated   8,900 1.4 410,000
 
Measured + Indicated
 
Oxide 3,200 1.5 150,000
Transitional 1,300 1.6 66,000
Fresh 8,800 1.7 480,000
Total Measured + Indicated Resource   13,000 1.6 700,000
 
Inferred
 
Oxide 230 1.2 8,500
Transitional 57 1.0 1,800
Fresh 660 2.3 48,000
Total Inferred Resource   940 1.9 58,000

Notes: Mineral Resources are inclusive of Ore Reserves.  Mineral Resources are reported to two significant figures.  Rounding may cause minor discrepancies in the table.  Oxide includes small portions of laterite (115 kt total). 

 

Table 5: Sissingué Ore Reserves - 1 February 2015

Classification
Quantity (Mt) Gold Grade (g/t) Gold (koz) Strip Ratio
Proved 3.4 2.8 312

 

 

3.2

Probable 2.1 1.7 115
Proved + Probable Ore Reserves 5.5
2.4
429
 Note: Rounding may cause minor mathematical discrepancies in the table.

 

Table 6: Bélé Mineral Resource Estimate - February 2017 

Category Area Tonnage (kt) Grade (g/t gold) Contained Gold (koz)
Bélé East
Bélé East Indicated Laterite 33  1.9  2
Completely weathered 80  2.1  5
Partially weathered 49  1.9  3
Weakly weathered 120  2.0  8
Fresh 360  2.6  30
Total Bélé East Indicated 650  2.3  49
Bélé  East
Inferred
Laterite 16  1.5  1
Completely weathered 11  1.9  1
Partially weathered -  -  -
Weakly weathered 19  1.5  1
Fresh 240  1.8  14
Total Bélé East Inferred 280  1.8  16
Bélé West    
Bélé West
Inferred
Laterite 38  1.7  2
Completely weathered 82  1.7 4
Partially weathered 90  1.6  5
Weakly weathered 190  1.6  10
Fresh 870  2.0  57
Total Bélé West Indicated 1,300  1.9  78
Bélé West
Inferred
Laterite 15  2.0  1
Completely weathered 18  1.7  1
Partially weathered 13  1.3  1
Weakly weathered 16  1.6  1
Fresh 77  2.0  5
Total Bélé West Inferred 140  1.8  8
Total Bélé East and West
Total
Indicated
Laterite 71  1.8  4
Completely weathered 160  1.9 10
Partially weathered 140  1.7  8
Weakly weathered 320  1.7  18
Fresh 1,200  2.2  88
Total Indicated Resource 1,900  2.0  130
Total
Inferred
Laterite 31  1.7  2
Completed weathered 29  1.8  2
Partially weathered 16  1.4  1
Weakly weathered 36  1.6  2
Fresh 310  1.9  19
Total Inferred Resource 420  1.8  25

Notes: Mineral Resources are inclusive of any Ore Reserves.  Mineral Resources are reported to two significant figures.  Rounding may cause minor discrepancies in the table. 

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