| Category |
Quantity
(tonnes)
|
Grade
(g/t Au) |
Contained Au
Ounces |
| F2 Gold Deposit: | | | |
| Proven Reserve | 339,227 | 5.76 | 62,830 |
| Probable Reserve | 3,223,337 | 5.52 | 572,009 |
| Total Reserves | 3,562,565 | 5.54 | 634,838 |
| Measured (M) |
391,000 |
6.50 |
81,700 |
| Indicated (I) |
1,115,000 |
7.49 |
268,600 |
| Total M + I |
1,506,000 |
7.24 |
350,300 |
| Inferred |
1,303,000 |
6.50 |
272,200 |
| | | | |
| McFinley Zone: | | | |
| Measured (M) | 45,300 | 5.40 | 7,900 |
| Indicated (I) | 160,400 | 6.22 | 32,100 |
| Total M + I | 205,700 | 6.04 | 40,000 |
| Inferred | 259,300 | 8.53 | 71,000 |
Notes:
F2 Gold Deposit
- Effective date is September 7, 2020;
- The Feasibility Study Mineral Reserve estimates uses a break-even blended economic mining cut-off grade of 3.41 g/t Au based on assumptions of a gold price of US$1,375/oz, an exchange rate of US$/C$0.76, mining cash costs of $98/t, processing costs of $25/t, G&A and other (including exploration, refining, transport, and royalty costs) of $30/t, and mining recovery of 95%;
- The Feasibility Study Mineral Resource estimates use a break-even economic cut-off grade of 3.0 g/t Au based on assumptions of a gold price of US$1,400/oz, an exchange rate of US$/C$ 0.74, mining cash costs of C$97/t, processing costs of C$33/t, G&A of C$18/t, sustaining capital C$20/t, refining, transport and royalty costs of C$59/oz, and average gold recoverability of 95%;
- Reported from within an envelope accounting for mineral continuity; and
- All figures are rounded to reflect the relative accuracy of the estimates and totals may not add correctly.
NI 43-101 Technical Report - Bateman Gold Project Feasibility Study
McFinley Zone
- Effective date is December 10, 2020;
- Based on a break-even incremental economic cut-off grade2 of 3.0 g/t Au, assuming the utilization of the Bateman Gold Project (the “Project”) infrastructure and processing facilities, a gold price of US$1,400/oz, an exchange rate of US$/C$ 0.74, mining cash costs3 of C$92/t, processing costs of C$25/t, G&A of C$2/t, sustaining capital C$34/t, refining, transport and royalty costs of C$54/oz, and average gold recoverability of 86%;
- Excludes unclassified mineralization located within several pillars (crown, mill, shaft, and lake);
- Reported from within an envelope accounting for mineral continuity; and
- All figures are rounded to reflect the relative accuracy of the estimates and totals may not add correctly.