• Project Locations
• Resources and Reserves
• Mount Monger Goldfield
  • Project History
  • Underground Operations
    • Daisy Milano
    • Daisy East
    • Rosemary
    • Haoma
  • Open Pit Operations
    • Wombola Dam
    • Maxwells
  • Exploration
    • Aldiss
• Murchison Goldfield
  • Project History
  • Underground Operations
    • Caustons
    • Tuckabianna West
    • Comet
  • Open Pit Operations
    • Caustons
    • Katies
    • Venus
    • Eclipse
    • Pinnacles
    • Comet North
    • Lena
  • Exploration
• Great Southern Project
• Copper Lakes Project
• Gold Processing Facilities
  • Lakewood
  • Tuckabianna
  • Randall's
• Project Development
  • Cock-eyed Bob
  • Santa
  • Imperial
  • Majestic

Resources and Reserves

Silver Lake's projects have significant exploration upside and short term production potential with JORC compliant resources and reserves identified at the Mount Monger, Murchison goldfields and the Great Southern district. The current resources and reserves are tabulated below.

Resource Tabulation

Gold Resources

	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	139.2	18.6	83.1	705.5	14.6	331.1	763.7	8.3	203.8	1,608.4	12.0	618.0
Haoma	701.7	11.1	250.4	396.3	13.5	172.0	78.8	11.3	28.6	1,176.8	11.9	451.0
Haoma West	-	-	-	45.0	8.7	12.6	145.7	10.1	47.3	190.7	9.8	59.9
Christmas Flat	-	-	-	338.6	4.1	44.1	448.5	6.3	91.3	787.1	5.4	135.4
Costello	-	-	-	-	-	-	111.0	4.0	14.3	111.0	4.0	14.3
Lorna Doone	-	-	-	-	-	-	128.0	3.1	12.8	128.0	3.1	12.8
Magic	-	-	-	749.2	4.1	98.3	1,071.0	5.2	178.0	1,820.2	4.7	276.3
Wombola Pit	-	-	-	197.0	3.6	22.9	72.7	3.2	7.5	269.7	3.5	30.4
Wombola Dam	288.6	3.8	35.1	271.7	3.2	28.3	143.7	2.8	12.9	704.0	3.4	76.3
Hammer & Tap	-	-	-	-	-	-	350.2	2.4	27.4	350.2	2.4	27.4
Total Mount Monger	1,129.5	10.2	368.6	2,703.3	8.2	709.3	3,313.3	5.9	623.9	7,146.1	7.4	1,701.8
Tuckabianna - OP	-	-	-	4,050.0	2.1	270.0	4,430.0	1.9	270.0	8,480.0	2.0	540.0
Tuckabianna - UG	-	-	-	1,350.0	4.2	180.0	2,410.0	4.2	330.0	3,760.0	4.2	510.0
Comet - OP	36.0	0.6	0.7	2,324.0	2.5	186.8	250.0	1.4	10.0	2,610.0	2.4	197.5
Comet - UG	-	-	-	1,060.0	4.6	160.0	730.0	3.7	90.0	1,790.0	4.2	250.0
Moyagee - OP	-	-	-	960.0	2.1	70.0	1,410.0	2.2	100.0	2,370.0	2.2	170.0
Moyagee - UG	-	-	-	80.0	3.3	10.0	1,630.0	4.0	210.0	1,710.0	4.0	220.0
Murchison - OP	36.0	0.6	0.7	7,334.0	2.2	526.8	6,090.0	2.0	380.0	13,460.0	2.1	907.5
Murchison - UG	-	-	-	2,490.0	4.3	350.0	4,770.0	4.0	630.0	7,260.0	4.1	980.0
Hollandaire	-	-	-	-	-	-	2,800.0	0.4	34.1	2,800.0	0.4	34.1
Total Murchison	36.0	0.6	0.7	9,824.0	2.8	876.8	13,660.0	2.4	1,044.1	23,520.0	2.8	1,921.6
Kundip	-	-	-	4,390.0	3.4	481.3	4,550.0	2.1	307.2	8,940.0	2.7	788.5
Trilogy	310.0	2.4	23.9	5,750.0	0.7	136.4	180.0	0.6	4.5	6,240.0	0.8	163.8
Total Great Southern	310.0	2.4	23.9	10,140.0	1.9	617.7	4,730.0	2.0	311.7	15,180.0	2.0	952.3
Total Silver Lake	1,475.5	8.3	393.2	22,667.3	3.0	2,203.8	21,703.3	2.8	1,979.7	45,846.1	3.1	4,575.7

Base Metal Resource

	Measured Resources					Indicated Resources					Inferred Resources					Total Resources
	Ore t '000s	Grade	Incr	Total '000s	Unit	Ore t '000s	Grade	Incr	Total '000s	Unit	Ore t '000s	Grade	Incr	Total '000s	Unit	Ore t '000s	Grade	Incr	Total '000s	Unit
Kundip Project
Silver	-	-	g/t Ag	-	oz	4,390.0	2.5	g/t Ag	353.9	oz	4,550.0	2.1	g/t Ag	314.2	oz	8,940.0	2.3	g/t Ag	668.1	oz
Copper	-	-	% Cu	-	t	4,390.0	0.4	% Cu	15.6	t	4,550.0	0.3	% Cu	14.7	t	8,940.0	0.3	% Cu	30.2	t
Trilogy Project
Silver	310.0	41.2	g/t Ag	406.6	oz	5,750.0	48.0	g/t Ag	8,859.6	oz	180.0	12.0	g/t Ag	73.4	oz	6,240.0	47.0	g/t Ag	9,339.7	oz
Copper	310.0	0.3	% Cu	0.9	t	5,750.0	1.1	% Cu	62.3	t	180.0	0.8	% Cu	1.4	t	6,240.0	1.0	% Cu	64.6	t
Hollandaire
Silver	-	-	-	-	oz	-	-	-	-	oz	2,800.0	5.0	g/t Ag	457.8	oz	2,800.0	5.0	g/t Ag	457.8	oz
Copper	-	-	-	-	t	-	-	-	-	t	2,800.0	1.6	% Cu	45.1	t	2,800.0	1.6	% Cu	45.1	t
Total Resource
Silver	310.0	40.8	g/t Ag	406.6	oz	10,140.0	28.3	g/t Ag	9,213.5	oz	4,730.0	2.5	g/t Ag	386.6	oz	17,980.0	18.1	g/t Ag	10,465.5	oz
Copper	310.0	0.3	% Cu	0.9	t	10,140.0	0.8	% Cu	77.8	t	7,530.0	0.8	% Cu	61.2	t	17,980.0	0.8	% Cu	139.9	t

Base Metal Reserve

	Proved Reserves					Probable Reserves					Total Reserves
	Ore t '000s	Grade	Incr	Total '000s	Unit	Ore t '000s	Grade	Incr	Total '000s	Unit	Ore t '000s	Grade	Incr	Total '000s	Unit
Kundip Project
Silver	-	-	g/t Ag	-	oz	2,810.0	2.7	g/t Ag	243.9	oz	2,810.0	2.7	g/t Ag	243.9	oz
Copper	-	-	% Cu	-	t	2,810.0	0.4	% Cu	10.7	t	2,810.0	0.4	% Cu	10.7	t
Trilogy Project
Silver	310.0	45.0	g/t Ag	448.5	oz	4,320.0	55.0	g/t Ag	7,637.7	oz	4,630.0	54.3	g/t Ag	8,086.2	oz
Copper	310.0	0.4	% Cu	1.2	t	4,320.0	1.1	% Cu	48.1	t	4,630.0	1.1	% Cu	49.3	t
Total Reserve
Silver	310.0	45.0	g/t Ag	448.5	oz	7,130.0	34.4	g/t Ag	7,881.7	oz	7,440.0	34.8	g/t Ag	8,330.2	oz
Copper	310.0	0.4	% Cu	1.2	t	7,130.0	0.8	% Cu	58.8	t	7,440.0	0.8	% Cu	60.0	t

Gold Reserves

	Proved Reserves				Probable Reserves				Total Reserves
	Ore t '000s	Grade	Incr	Total '000s	Ore t '000s	Grade	Incr	Total '000s	Ore t '000s	Grade	Incr	Total '000s
Daisy Milano	-	-		-	1,231.7	5.6	g/t Au	219.7	1231.7	5.6	g/t Au	219.7
Haoma	-	-		-	792.1	5.1	g/t Au	130.7	792.1	5.1	g/t Au	130.7
Wombola	222.8	1.6	g/t Au	11.3	344.6	1.8	g/t Au	19.7	567.4	1.7	g/t Au	31.0
Mt Monger Stockpile	324.9	2.6	g/t Au	27.7					324.9	2.6	g/t Au	27.7
Murchison Project					4,871.3	2.7	g/t Au	424.8	4,871.3	2.7	g/t Au	424.8
Murchison Stockpile	77.0	1.0	g/t Au	2.5					77.0	1.0	g/t Au	2.5
Kundip Project	-	-	g/t Au	-	2,810.0	3.4	g/t Au	307.2	2,810.0	3.4	g/t Au	307.2
Trilogy Project	310.0	2.2	g/t Au	22.0	4,320.0	0.8	g/t Au	112.9	4,630.0	0.9	g/t Au	134.9
Total Reserve	934.7	2.2	g/t Au	63.5	14,369.7	2.6	g/t Au	1,215.0	15,304.4	2.6	g/t Au	1,278.5

Competent Person’s Statement

The information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Christopher Banasik who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Banasik is a full time employee of Silver Lake Resources Ltd, and has sufficient experience which is relevant to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 edition of the JORC Code. Mr Banasik has given his consent to the inclusion in the report of the matters based on the information in the form and context in which it appears.

1: Information that relates to exploration and production targets refers to targets that are conceptual in nature, where there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

The information on exploration targets are based on a conceptual range of targets as follows:

Tonnage range:                      80 million to 120 million tonnes
Grade:                                   ~3 g/t Au
Ounces:                                  7 million to 10 million