Resources & Reserves

Tulu Kapi’s Ore Reserve estimate totals 15.4 million tonnes at 2.12g/t gold, containing 1.05 million ounces (all in the Probable category).

 

Cut-off
(g/t Au)

Tonnes
(millions)

Gold
(g/t)

Contained Gold
(million ounces)

High grade

0.90

12.0

2.52 0.98

Low grade

0.50 - 0.90

3.3

0.73 0.08

Total

 

15.4

2.12 1.05

Further information on this Ore Reserve is available in the 22 April 2015 announcement: Independently Verified Ore Reserve Reporting On Tulu Kapi Gold Deposit In Ethiopia.

Tulu Kapi’s Mineral Resource is estimated to total 20.2 million tonnes at 2.65g/t gold, containing 1.72 million ounces.

Resource
Category

Area

Tonnes
(millions)

Gold
(g/t)

Contained Gold
(million ounces)

Indicated Above 17.7 2.49 1.42
Inferred 1,400m RL 1.3 2.05 0.08
Sub-Total   19.0 2.46 1.50
Indicated Below 1.1 5.63 0.20
Inferred 1,400m RL 0.1 6.25 0.02
Sub-Total   1.2 5.69 0.22
Indicated Overall 18.8 2.67 1.62
Inferred   1.4 2.40 0.10
Total   20.2 2.65 1.72

Notes: Mineral Resources are inclusive of Ore Reserves. 
          Resources were estimated using cut-off grades of 0.45g/t gold above 1,400m RL and 2.50g/t gold below 1,400m RL.

The Mineral Resources were split above and below the 1,400m RL to reasonably reflect the portions of the resource that may be mined via open pit and underground mining methods.

Further information on this resource is available in the 4 February 2015 announcement: Independently Verified JORC Compliant Indicated Resource Reporting on Tulu Kapi Gold Deposit In Ethiopia.