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Resource Definition

The newest resource definition was completed according to JORC 2012 code by the industry-leading consulting company Xenith. The data used for the resource definition were based on our three large drilling programs since 2014 (details see in exploration). 

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The defined mineral resources are located in EL 28291, and a total of 144 million tonnes of resources was defined, of which 139.2 million tonnes are on measured and indicated basis.

Table of Resource Estimate Summary (by Xenith)

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Note to resources calculation

  • 3% Total HM% cut-off on a dry basis

  • 0.5 metre Thickness cut-off (Ore bodies less than 0.5 m are excluded from the resource definition ) 

  • 53 um to 600 um particle size range (particles smaller than 53 um or langer than 600 um are excluded from the resource definition)

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Resource classification map within EL 28291 (by Xenith). Yellow highlighting current producing area within 3 Mining Licenses

Bird's-eye view of the production area within three Mining Licenses

Production is currently focused on three mining licenses, ML 27422, ML 29402 and ML 31403, which only cover a small proportion of the resources defining area (see Mining and Processing for details).

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