Resources & Reserves | Silver Lake Resources

Mount Monger Mineral Resources June 2018

	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 Mining Centre
Daisy Complex	122	42.7	168	737	19.0	449	1,273	13.4	549	2,132	17.0	1,166
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
Mirror/Magic	507	2.6	43	549	2.5	45	663	3.6	77	1,719	3.0	165
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
Sub Total	642	10.3	212	2,313	7.6	568	4,221	6.1	831	7,177	7.0	1,611
Imperial/Majestic Mining Centre
Majestic	-	-	-	1,623	2.6	142	790	2.3	58	2,463	2.5	200
Imperial	-	-	-	504	2.7	44	216	2.0	14	720	2.5	58
Sub Total	-	-	-	2,177	2.7	186	1,006	2.2	72	3,183	2.5	258
Mount Belches Mining Centre
Maxwells	291	6.2	58	1,103	5.6	200	947	5.6	171	2,341	5.7	429
Santa Area	-	-	-	3,788	2.5	302	1,165	3.1	117	4,953	2.6	419
Cock-eyed Bob	347	6.3	70	563	5.6	101	587	4.8	90	1,497	5.4	261
Rumbles	-	-	-	351	2.2	24	851	2.2	59	1,202	2.2	83
Anomaly A	-	-	-	232	1.9	14	44	1.7	2	276	1.8	16
Sub Total	638	6.2	128	6,037	3.3	641	3,594	3.8	439	10,269	3.7	1,209
Aldiss Mining Centre
Karonie	-	-	-	3,595	1.8	213	620	1.5	30	4,215	1.8	243
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
Sub Total	-	-	-	6,819	2.1	452	2,544	1.7	141	9,363	2.0	593
Randalls Mining Centre
Lucky Bay	13	4.6	2	34	4.8	5	8	7.2	2	55	5.1	9
Randalls Dam	-	-	-	107	2.1	7	6	1.2	0	113	2.1	7
Sub Total	13	4.6	2	141	2.8	13	14	4.6	2	168	3.0	16
Stockpile Total	907	1.2	35	-	-	-	-	-	-	907	1.2	35
Total Mount Monger	2,200	5.3	377	17,488	3.3	1,860	11,379	4.1	1,485	31,067	3.7	3,721

Mount Monger Ore Reserves June 2018

	Proved Ore Reserves			Probable Ore Reserves			Total Ore Reserves
	tonnes '000s	Grade	Total '000s	tonnes '000s	Grade	Total '000s	tonnes '000s	Grade	Total '000s
Daisy Mining Centre
Daisy Complex	144	7.7	36	250	6.8	55	394	7.2	91
Mirror/Magic	-	-	-	-	-	-	-	-	-
Sub Total	144	7.7	36	250	6.8	55	394	7.2	91
Imperial/Majestic Mining Centre
Imperial	-	-	-	-	-	-	-	-	-
Majestic	-	-	-	169	3.8	21	169	3.8	21
Sub Total	-	-	-	169	3.8	21	169	3.8	21
Mount Belches mining Centre
Cock-eyed Bob	139	6.6	30	264	5.8	49	403	6.1	79
Maxwells	130	5.8	24	389	6.0	75	519	6.0	100
Sub Total	269	6.2	54	653	5.9	125	922	6.0	179
Aldiss Mining Centre
French Kiss	-	-	-	177	3.6	21	177	3.6	21
Karonie	-	-	-	1,382	2.0	87	1,382	2.0	87
Harry's Hill (OP)	-	-	-	1,305	2.2	93	1,305	2.2	93
Sub Total	-	-	-	2,864	2.2	201	2,864	2.2	201
Stockpile Total	907	1.2	35	-	-	-	907	1.2	35
Total Mount Monger	1,319	2.9	124	3,937	3.2	402	5,256	3.1	526

The Mineral Resource and Ore Reserves estimates are produced in accordance with the 2012 Edition of the Australian Code for Reporting of Mineral Resources and Ore Reserves (the 2012 JORC Code). Daisy Complex, Lorna Doone, Wombola Dam, Majestic, Imperial, Maxwells, Santa, Cock-eyed Bob/Anomoly A, Lucky Bay, Mirror/Magic, Rumbles, Karonie, Harry's Hill, French Kiss, Spice, Tank/Artredies. The remaining Mineral Resource and Ore Reserve 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 JORC 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 Statement" dated 24 August 2018 which is available to view at www.silverlakeresources.com.au

Deflector Mineral Resource estimates

GOLD	Measured Resources			Indicated Resources			Inferred Resources			Total Resources
Project	Ore T '000s	Grade g/t Au	Total Oz Au 000's	Ore T '000s	Grade g/t Au	Total Oz Au 000's	Ore T '000s	Grade g/t Au	Total Oz Au 000's	Ore T '000s	Grade g/t Au	Total Oz Au 000's
Western Zone	195	8.7	55	329	11.2	119	31	7.5	7	555	10.1	181
Central Lode	177	7.2	41	169	8.6	47	154	10.4	52	500	8.7	139
Link Lode	32	21.9	23	93	29.1	87	64	5.8	12	190	20.0	122
Contact Lodes	35	5.8	6	445	4.6	66	278	3.8	340	758	4.4	107
Western Zone Splays	-	-	-	-	-	-	587	7.9	149	587	7.9	149
Da Vinci	-	-	-	142	14.8	68	106	9.6	33	248	12.5	100
Stockpiles	13	5.0	2	-	-	-	-	-	-	13	5.0	2
TOTAL	453	8.7	127	1,179	10.2	387	1,220	7.3	287	2,851	8.7	800

Notes:
Mineral Resources stated as at 30 June 2018, except Da Vinci which is as at 31 July 2018
Mineral Resources are inclusive of those modified to estimate Ore Reserves. Rounding errors may occur
Ore tonnes and ounce data is rounded to the nearest thousand
Mineral Resources reported above 1.0g/t Au lower cut-off

COPPER	Measured Resources			Indicated Resources			Inferred Resources			Total Resources
Project	Ore T '000s	Cu Grade (%)	Cu T 000's	Ore T '000s	Cu Grade (%)	Cu T 000's	Ore T '000s	Cu Grade (%)	Cu T 000's	Ore T '000s	Cu Grade (%)	Cu T 000's
Western Zone	195	1.6	3.1	329	0.6	2.0	31	0.3	0.10	555	0.9	5.2
Central Lode	177	0.8	1.3	169	0.6	1.0	154	0.2	0.40	500	0.6	2.8
Link Lode	32	2.5	0.8	93	1.1	1.0	64	0.8	0.50	190	1.2	2.3
Contact Lodes	35	0.6	0.2	445	0.2	0.9	278	0.2	0.40	758	0.2	1.5
Western Zone Splays	-	-	-	-	-	-	587	0.6	3.50	587	0.6	3.5
Da Vinci	-	-	-	142	0.8	1.1	106	0.1	0.10	248	0.5	1.2
Stockpiles	13	0.7	0.1	-	-	-	-	-	-	13	0.7	0.1
TOTAL RESOURCE	453	1.2	5.5	1,179	0.5	6.0	1,220	0.4	5.0	2851	0.6	16.6

Notes:
Mineral Resources stated as at 30 June 2018, except Da Vinci which is as at 31 July 2018
Mineral Resources are inclusive of those modified to estimate Ore Reserves. Rounding errors may occur
Ore tonnes data is rounded to the nearest thousand and copper tonnes to the nearest hundred
Mineral Resources reported above 1.0g/t Au lower cut-off

Andy Well Mineral Resource estimates

GOLD

Measured Resources

Indicated Resources

Inferred Resources

Total Resources

Project

Ore
T
'000s

Grade
g/t Au

Total
Oz
Au
000's

Ore
T
'000s

Grade
g/t Au

Total
Oz
Au
000's

Ore
T
'000s

Grade
g/t Au

Total
Oz
Au
000's

Ore
T
'000s

Grade
g/t Au

Total
Oz
Au
000's

Andy Well

127

13.7

1,063

9.2

315

628

6.6

134

1,817

8.6

503

Notes:
Mineral Resources reported above 0.1g/t Au lower cut-off

Gnaweeda Mineral Resource estimates

GOLD

Measured Resources

Indicated Resources

Inferred Resources

Total Resources

Project

Ore
T
'000s

Grade
g/t Au

Total
Oz
Au
000's

Ore
T
'000s

Grade
g/t Au

Total
Oz
Au
000's

Ore
T
'000s

Grade
g/t Au

Total
Oz
Au
000's

Ore
T
'000s

Grade
g/t Au

Total
Oz
Au
000's

Gnaweeda

1,200

2.6

101

4,300

1.6

221

2,851

0.6

16,600

Notes:
Mineral Resources reported above 0.8g/t Au lower cut-off

The information on this website that relates to Exploration Results and Mineral Resources is based on information compiled by Mark Cossom. Mr Cossom is a full time employee of Doray Minerals Ltd and is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Cossom has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activities, which he is undertaking. This qualifies Mr Cossom as a "Competent Person" as defined in the 2012 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Cossom consents to the inclusion of information on this website in the form and context in which it appears. Mr Cossom holds shares and performance rights in Doray Minerals Ltd.

Deflector Ore Reserve estimates

GOLD	Proved Ore Reserves			Probable Ore Reserves			Total Ore Reserves
LOCATION	Ore T '000s	Grade g/t Au	Total Oz Au 000's	Ore T '000s	Grade g/t Au	Total Oz Au 000's	Ore T '000s	Grade g/t Au	Total Oz Au 000's
Underground	280	4.2	39	1,100	5.3	190	1,400	5.1	230
Open Pit	-	-	-	170	3.8	21	170	3.8	21
Surface Stockpiles	13	5.0	2	-	-	-	13	5.0	2
TOTAL RESERVE	300	4.3	41	1,300	5.1	210	1,600	5.0	250

Notes:
All data rounded to two significant figures. Rounding errors may occur.

COPPER	Proved Ore Reserves			Probable Ore Reserves			Total Ore Reserves
LOCATION	Ore T '000s	Cu Grade (%)	Cu T 000's	Ore T '000s	Cu Grade (%)	Cu T 000's	Ore T '000s	Cu Grade (%)	Cu T 000's
Underground	280	0.5	1.4	1,100	0.3	2.9	1,400	0.3	4.3
Open Pit	-	-	-	170	0.3	0.6	170	0.3	0.6
Surface Stockpiles	13	0.7	.9	-	-	-	13	0.7	0.9
TOTAL RESERVE	300	0.5	1.5	1,300	0.3	3.5	1,600	0.3	5.0

Notes:
All data rounded to two significant figures. Rounding errors may occur.

The information on this website that relates to Ore Reserves is based on information compiled by Rod Jacobs. Mr Jacobs is a full-time employee of Doray Minerals Ltd and is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Jacobs has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activities, which he is undertaking. This qualifies Mr Jacobs as a "Competent Person" as defined in the 2012 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Jacobs consents to the inclusion of information on this website in the form and context in which it appears. Mr Jacobs holds performance rights in Doray Minerals Ltd.