Resources and Reserves

Resources and Reserves

Tick Hill Ore Reserve Statement 1,4,5

Tick Hill Reserve Proven Probable Diluted and Recovered Total
tonnes g/t ounces tonnes g/t ounces tonnes g/t ounces
Open Pit 0 0 0 48,600 6.53 10,200 48,600 6.53 10,200
Historic ROM Stockpile 0 0 0 8,100 2.77 700 8,100 2.77 700
East Paddock Tailings 0 0 0 285,000 1.42 13,000 285,000 1.42 13,000
West Paddock Tailings 0 0 0 117,800 1.07 4,100 117,800 1.07 4,100
Ore Reserves 0 0 0 459,600 1.89 28,000 459,600 1.89 28,000

Tick Hill Mineral Resources Statement 1,4,5

Tick Hill Mineral

Resources		 Indicated Inferred Total
tonnes g/t ounces tonnes g/t ounces tonnes g/t ounces
Main Lode 61,000 6.9 13,400 92,000 7.31 21,700 153,000 7.15 35,100
Hangingwall Lode 32,000 4.4 4,500 21,000 7.07 4,900 53,000 5.46 9,400
Deposit Total 93,000 6.04 18,000 114,000 7.27 26,600 207,000 6.71 44,600
West Paddock Tailing 345,000 0.8 8,800 345,000 0.8 8,800
East Paddock Tailings 285,000 1.42 13,000 285,000 1.42 13,000
Tailings Dam Total 630,000 1.08 21,800 630,000 1.08 21,800
Historic ROM Stockpile 8,000 2.77 700 8,000 2.77 700
Tick Hill Total 731,000 1.73 40,500 114,000 7.27 26,600 845,000 2.47 67,100

Lainejaur Mineral Resources Statement 3,5

Lainejaur Mineral

Resources		 Inferred
tonnes Ni (%) Cu (%) Co (%) Ni (t) Cu (t) Co (t)
Massive Sulphide 460,000 2.2% 0.7% 0.15% 10,100 3,000 680

Notes:

  1. The Tick Hill Open Pit Reserve has been calculated at a cut-off of 1.0g/t Au
  2. Tick Hill Mineral Resource has been calculated at a cut-off of 0.5g/t Au
  3. Lainejaur Mineral Resource has been calculated at a cut-off of 0.5% Ni
  4. Presented inclusive of Historic ROM Stockpile, East Paddock Tailings and West Paddock Tailings which are currently subject to sale. Refer ASX Release 3 August 2020
  5. Prepared in accordance with the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code).