RE: Exceeded expectations!2 Jul 2019 09:19
higher grade than Barricks LUMWANA MINE
TABLE 1-1 MINERAL RESOURCES – DECEMBER 31, 2013 Barrick Gold Corporation – Lumwana Mine
Category
Tonnage (Mt)
Grade (% Cu)
Contained Metal (Mlbs Cu) Measured 67.5 0.39 581.4 Indicated 419.1 0.52 4,794.2 Total Measured + Indicated 486.6 0.50 5,375.6 Total Inferred 0.5 0.57 5.8
Notes: 1. CIM definitions were followed for Mineral Resources. 2. Fresh sulphide Mineral Resources are estimated at a cut-off grade of 0.16% Cu and transition sulphide Mineral Resources are estimated at a cut-off grade of 0.38% Cu. 3. Mineral Resources are estimated using a long-term copper price of US$3.50 per pound. 4. A minimum thickness of 2.0m was used in the wireframe model. 5. Mineral Resources are exclusive of Mineral Reserves. 6. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 7. Numbers may not add due to rounding.
Proven and Probable Mineral Reserves for the Project are listed in Table 1-2.
TABLE 1-2 MINERAL RESERVES – DECEMBER 31, 2013 Barrick Gold Corporation – Lumwana Mine
Category
Tonnes (Mt)
Grade (% Cu)
Contained Metal (Mlbs Cu) Proven 233.05 0.55 2,847.28 Probable 303.83 0.56 3,755.87 Sub-Total 536.88 0.56 6,603.15 Stockpiles (Proven) 1.92 0.39 16.66 Total 538.80 0.56 6,619.82