Estimation and Reporting of Ore Reserves Sample Clauses

Estimation and Reporting of Ore Reserves. (Criteria listed in section 1, and where relevant in sections 2 and 3, also apply to this section.) Criteria Explanation Commentary Mineral Resource estimate for conversion to Ore Reserves • Description of the Mineral Resource estimate used as a basis for the conversion to an Ore Reserve. • Clear statement as to whether the Mineral Resources are reported additional to, or inclusive of, the Ore Reserves. • The Mineral Resource estimate that forms the basis for this Ore Reserve Estimate was completed by Xxxxx Xxxxxxx, Principal Consultant and Director of EGRM. Xx Xxxxxxx is a geologist with over 29 years’ experience. He is a Member of the AusIMM and a Member of the AIG. • The Mineral Resources reported are inclusive of the Ore Reserves Site visits • Comment on any site visits undertaken by the Competent Person and the outcome of those visits. • Xxxxx Xxxxxxxxxx has undertaken six site visits for site inspection in support of mine planning and to coordinate Criteria Explanation Commentary • If no site visits have been undertaken indicate why this is the case. groundwater monitoring studies, geotechnical drilling, surveying of exploration drill holes and topographical survey. The visits have contributed to the outcome of the Ore Reserve estimation process and the development of the DFS. Study status • The type and level of study undertaken to enable Mineral Resources to be converted to Ore Reserves. • The Code requires that a study to at least Pre-Feasibility Study level has been undertaken to convert Mineral Resources to Ore Reserves. Such studies will have been carried out and will have determined a mine plan that is technically achievable and economically viable, and that material Modifying Factors have been considered. • The study to which this ore reserve estimate and report applies is a definitive feasibility study. The study has been conducted at a level necessary to establish that the mine plan is technically achievable and economic with modifying factors considered and applied where appropriate. Cut-off parameters • The basis of the cut-off grade(s) or quality parameters applied. • Cut-off grade reported in the Ore Reserve Statement has been calculated on the basis of a gold price of US$1,250 per Xxxx ounce. Mining recovery and mining dilution have been applied to the resource model in the MIK resource estimation stage no additional mining loss or mining dilution has been applied in the calculation of the reserve. Metallurgical recovery has been appli...
Sample 1
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Related to Estimation and Reporting of Ore Reserves

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