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Resources and Reserves

Resources and Reserves

Deposit

Class

Tonnes
Mt

Cu
%

Au
g/t

CuEq
%

Cu
Tonnes

Au
Ounces

CuEq
Tonnes

Mount Hope

Indicated

6.9

1.6

0.2

1.8

111,400

53,900

123,200

Inferred

3.3

1.3

0.2

1.5

44,600

24,200

49,800

Sub-total

10.3

1.5

0.2

1.7

156,000

78,100

173,000

Nil Desperandum

Indicated

3.3

1.2

0.2

1.4

39,800

22,000

44,600

Inferred

1.0

1.4

0.4

1.7

13,900

11,400

16,300

Sub-total

4.3

1.3

0.2

1.4

53,700

33,400

60,900

Lady Fanny

Indicated

1.7

1.4

0.2

1.5

23,300

11,500

25,800

Inferred

1.4

1.2

0.3

1.4

17,500

11,600

20,100

Sub-total

3.1

1.3

0.2

1.5

40,800

23,200

45,800

Mt Birnie

Indicated

 

 

 

 

Inferred

0.4

1.4

0.2

1.5

6,300

2,300

6,800

Sub-total

0.4

1.4

0.2

1.5

6,300

2,300

6,800

Duchess

Indicated

 

 

 

 

Inferred

3.7

0.7

0.1

0.8

26,300

11,300

28,800

Sub-total

3.7

0.7

0.1

0.8

26,300

11,300

28,800

Greater Duchess
Total Inventory

Indicated

11.9

1.5

0.2

1.6

174,500

87,500

193,600

Inferred

9.8

1.1

0.2

1.2

108,600

60,700

121,800

Total

21.8

1.3

0.2

1.4

283,100

148,200

315,400

Notes:

  1. Note – Rounding discrepancies may occur.
  2. Note – Mount Hope is 100% CNB, Nil Desperandum, Mount Birnie and Duchess are 82.5% CNB, Lady Fanny is 82.5-100% CNB
  3. Reference 1: The CuEq calculation is CuEq=Cu% + (Au_ppm * 0.7) and is based on September 2023 spot prices of US$8,500/t for copper and US$1,950/oz for gold, exchange rate of 0.67 and recovery of 95% copper and 90% gold as demonstrated in preliminary metallurgical test work carried out in 2023