Resources and Reserves

Total Mineral Resources are estimated at: 28.1 Mt @ 3.6 g/t Au for 3.29 Moz of contained gold.

Total Ore Reserves are estimated at: 4.1 Mt @ 3.5 g/t Au for 0.47 Moz of contained gold.

Resource Tabulation

Gold Resources June 2017

  Measured Resources Indicated Resources Inferred Resources Total Resources
Deposit Ore
t
'000s
Grade
g/t Au
Total
Oz Au
'000s
Ore
t
'000s
Grade
g/t Au
Total
Oz Au
'000s
Ore
t
'000s
Grade
g/t Au
Total
Oz Au
'000s
Ore
t
'000s
Grade
g/t Au
Total
Oz Au
'000s
Daisy Milano Complex 52 52.6 88 455 20.1 294 973 15.8 495 1,479 18.4 877
Fingals - - - 131 2.7 11 1,043 2.3 77 1,174 2.3 88
Costello - - - - - - 111 4.0 14 111 4.0 14
Lorna Doone - - - 686 2.0 44 641 3.5 72 1,327 2.7 116
Magic/Mirror 171 2.7 15 313 3.1 32 1,428 4.6 210 1,913 4.2 257
Wombola Pit - - - 47 3.1 5 20 4.0 3 67 3.3 7
Wombola Dam 13 3.2 1 164 2.6 14 120 3.0 12 297 2.8 27
Hammer & Tap - - - - - - 350 2.4 27 350 2.4 27
Total Daisy Area 236 13.7 104 1,795 6.9 400 4,686 6.0 910 6,718 6.5 1,414
Majestic 377 2.9 35 1,263 2.0 83 560 1.7 30 2,200 2.1 147
Imperial - - - 436 3.9 54 340 1.5 16 776 2.8 70
Total Imperial/Majestic 377 2.9 35 1,699 2.5 137 900 1.6 46 2,976 2.3 218
Maxwells 99 6.6 21 995 5.6 178 778 5.4 134 1,872 5.5 333
Santa Area - - - 3,095 2.2 222 2,510 2.5 203 5,605 2.4 425
Cock-eyed Bob 254 4.5 37 706 6.2 142 515 5.8 95 1,474 5.8 274
Lucky Bay 13 4.6 2 34 4.8 5 8 7.2 2 55 5.1 9
Rumbles - - - 351 2.2 24 851 2.2 59 1,202 2.2 83
Anomaly A - - - 158 2.7 14 73 1.7 4 231 2.4 18
Randalls Dam - - - 107 2.1 7 6 1.2 0.2 113 2.1 7
Total Mount Belches 366 5.1 60 5,445 3.4 592 4,742 3.3 497 10,552 3.4 1,149
Main Zone (Karonie) - - - 668 2.4 52 1,644 1.8 93 2,311 1.9 145
Harry's Hill - - - 1,855 2.5 149 448 2.4 34 2,303 2.5 183
French Kiss - - - 646 2.7 55 808 1.7 45 1,454 2.1 100
Spice - - - 78 2.4 6 64 1.3 3 142 1.9 9
Tank/Atriedes - - - 236 1.4 11 604 1.5 29 840 1.5 39
Italia/Argonaut - - - 409 1.4 19 - - - 409 1.4 19
Total Aldiss - - - 3,892 2.3 291 3,568 1.8 203 7,459 2.1 494
Total Stockpiles 419 1.2 17 - - - - - - 419 1.2 17
Total Mount Monger Operation 1,398 4.8 215 12,832 3.4 1,420 13,895 3.7 1,657 28,124 3.6 3,292

 

Gold Reserves June 2017

  Proved Reserves Probable Reserves Total Reserves
  Ore
tonnes
'000s
Grade Total
'000s
Ore
tonnes
'000s
Grade Total
'000s
Ore
tonnes
'000s
Grade Total
'000s
Daisy Milano Complex (UG) 49 8.0 13 322 7.1 74 372 7.3 87
Mirror/Magic - - -  417  2.9  39  417  2.9  39
Total Daisy 49 8.0 13 739 4.7 113 788 5.0 125
Majestic (OP) - - - 314 2.5 25 314 2.5 25
Imperial (OP) - - - 247 4.0 32 247 4.0 32
Total Imperial/Majestic - - - 562 3.2 57 562 3.2 57
Maxwells (UG) 47 5.2 8 458 4.7 69 506 4.7 76
Cock-eyed Bob (UG) 2 4.5 0 379 6.1 75 381 6.1 75
Total Mount Belches 50 5.1 8 837 5.3 143 887 5.3 152
Harry's Hill (OP) - - -  1,263  2.2 90 1,263  2.2 90
French Kiss (OP) - - - 228 3.5 26 228 3.5 26
Total Aldiss -  -  - 1,491 2.4 115 1,491 2.4 115
Total Stockpiles 419 1.2 17 - - - 419 1.2 17
Total Mount Monger Operation 518 2.3 38 3,629 3.7 429 4,147 3.5 466

The Mineral Resource and Ore Reserves estimates for the Daisy Milano Complex, Lorna Doone, Wombola Dam, Majestic, Imperial, Maxwells, Santa Area, Cock-eyed Bob, Lucky Bay, Rumbles, Main Zone (Karonie), Harry's Hill, French Kiss, Spice, Tank/Artredies produced in accordance with the 2012 edition of the Australian Code for Reporting of Mineral Resources and Ore Reserves (the 2012 JORC Code).

All other Mineral Resources and Ore Reserves estimates were first prepared and disclosed under the 2004 edition of the JORC Code and have not been updated since to comply with the 2012 Code on the basis that the information has not materially changed since it was last reported.

The information in these tables that relates to Mineral Resources and Ore Reserves has been extracted from the ASX Announcement entitled "Mineral Resources and Ore Reserves Update" dated 04 August 2017 which is available to view at www.silverlakeresources.com.au