Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

RTG Mining Inc. Capital/Financing Update 2015

Mar 25, 2015

47130_rns_2015-03-25_f2cd04a6-94dd-4dc1-b536-5d43501a2e8e.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

Level 2, 338 Barker Road Subiaco WA 6008 Phone: +61 8 6489 2900 www.rtgmining.com

ABN: 70 164 362 850

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

LYCOPODIUM AND KNIGHT PIESOLD AWARDED MAJOR FEASIBILITY STUDY WORK AT THE MABILO PROJECT

ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE

25 MARCH 2015

The Board of RTG Mining Inc. ("RTG", "the Company") (TSX Code: RTG, ASX Code: RTG) is pleased to provide an update on the significant progress at the Mabilo Project in the Philippines. RTG acquired control of Sierra Mining Limited ("Sierra") in June 2014. The Mabilo Project was an exploration interest with only 60 holes drilled. Within 9 months of taking control of Sierra the project is now a planned near term development opportunity with a number of unique and attractive attributes that differentiate the project from most new development opportunities. These include:

  • High grade open cut development opportunity with an indicated and inferred resource of 2.1Moz gold equivalent ounces* at an average grade of 5.7g/t*;

  • Inground value of contained metal of US$2.4 billion*;

  • Near term development opportunity as Stage 1 of the project involves a direct shipping project for the oxide resource, with startup only subject to final permitting;

  • Inground value of the copper and gold in two key oxide products is in excess of US$200M* (and includes 100,000t of 24% Cu ore);

  • Stage 1 only involves nominal capital requirements which allows for near term start up and internal generation of cashflows to fund the majority of proposed plant development capital for Stage 2;

  • Stage 2 produces two high grade clean concentrate products with current metwork results suggesting a copper gold concentrate of approximately 33% Cu and 20g/t Au and a magnetite concentrate of up to 68% Fe;

  • Based on the current estimated plant throughput of 1.35Mt per annum and the results of Phase 1 of the metwork, average annual production is estimated at around 20,000 t of contained Cu and just under 70,000 oz of contained gold in the copper/gold concentrate and 400,000 t of contained Fe; and

  • Current minimum estimated life of mine of 10 years based on the current resource which we would expect to see increase with time.

Resource Statement

A maiden resource was announced in November 2014 delivering on the high end of management expectations. A summary of the key components are set out below. Please refer to the announcement dated 24 November 2014 for the underlying assumptions and basis for the resource computation.

Mt Cu Au Fe AuEquivalent*(BeforeRecoveries) In GroundValue (BeforeRecoveries)
Indicated and Inferred Resource
11.4 1.8% 2.0g/t 44.2% 2.1 Moz at5.7g/t US$2.4 billion
ContainedMetal 205,000 t 716,000oz 5.04 Mt
Near Surface Oxide Resource
0.86 4.2% 2.8 g/t 9.7 g/t 263,000 ozat 10 g/t US$329 million
ContainedMetal 35,000 t 72,000 oz 324,000 t
Indicated Resource - 2 Key Oxide Projects
Gold Cap0.34 Mt 0.2% 3.2g/t ContainedMetal35,000 ozAu
SupergeneCopper0.1 Mt 24% 2.3g/t ContainedMetal26,000t Cuand7,400 oz Au US$205 million

* Gold Equivalent ounces, grades and in ground values have been calculated based on a Cu price of US$5,900/t and an Au price of US$1200.

Feasibility Update

Significant progress continues to be made in a number of key areas of the Bankable Feasibility Study:

  • Lycopodium Limited has been awarded the Phase 2 metallurgy work which includes variability testing, reagent optimization, grind size optimization and thickening and filtering testing, which will enable project implementation to commence upon completion;
  • Knight Piesold Pty Ltd has been awarded the study work associated with water balance and management, tailings storage facility options and seismic and geotechnical design considerations for process plant components; and
  • Infill drilling continues to successfully upgrade previously defined Inferred mineralization with an upgrade to the resource scheduled for the end of the second quarter of this calendar year.

Significant Exploration Upside

Exploration activity at the project is ongoing with the current resource open down dip, down plunge and along strike. Recent results have also identified a new shallow high grade garnet skarn mineralized zone with MDH-095 intercepting 25.8m at 2.32% Cu and 1.63 g/t Au. (See announcement dated 26 February 2015)

Philippines Update

President Benigno Aquino III recently outlined a number of significant achievements in the Philippines at the Euromoney Investment Forum, further strengthening the attractiveness of the Philippines for foreign investment. President Aquino noted the record net foreign direct investment of $6.2 billion in 2014 (up 65.9% from the previous year), an average GDP growth rate of 6.3%, and an upgrade of the Philippines to investment grade in 2013. The President added that the Government will seek to maximize every opportunity available, including increasing infrastructure spending in 2016 to 5% of GDP. A recent survey by Bloomberg, is forecasting that the Philippines economy will be the 2nd fastest growing economy in the world in 2015. Near Term Outlook

The Bankable Feasibility Study on the project is progressing well and remains on track to be finalised in the third quarter of 2015.

The results of the Phase 1 metwork were released in January this year and provide sufficient information for more detailed discussion and negotiations with offtake parties. These discussions have already commenced and are progressing well.

An updated resource is expected mid year, which will focus on the conversion of current inferred resources to indicated classification. The updated resource will be used in the Bankable Feasibility Study.

The permitting process is in line with expectations and proceeding well through the various review processes.

QUALIFIED PERSON AND COMPETENT PERSON STATEMENT

The information in this release that relates to exploration results at the Mabilo Project is based upon information prepared by or under the supervision of Robert Ayres BSc (Hons), who is a Qualified Person and a Competent Person. Mr Ayres is a member of the Australian Institute of Geoscientists and a full-time employee of Mt Labo Exploration and Development Company, a Philippine mining company, an associate company of RTG Mining Limited. Mr Ayres has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and to qualify as a "Qualified Person" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Ayres has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in the release. Mr. Ayres consents to the inclusion in the release of the matters based on his information in the form and the context in which it appears.

The information in this release that relates to Mineral Resources is based on information prepared by or under the supervision of Mr Aaron Green, who is a Qualified Person and Competent Person. Mr Green is a Member of the Australian Institute of Geoscientists and is employed by CSA Global Pty Ltd, an independent consulting company. Mr Green has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and to qualify as a "Qualified Person" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Green has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in the release. Mr Green consents to the inclusion in the release of the matters based on his information in the form and context in which it appears.

ABOUT RTG MINING INC

RTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto Stock Exchange and Australian Securities Exchange Limited. RTG is focused on developing the high grade copper/gold/magnetite Mabilo Project and advancing exploration on the highly prospective Bunawan Project, both in the Philippines, while also identifying major new projects which will allow the company to move quickly and safely to production.

RTG has an experienced management team (previously responsible for the development of the Masbate Gold Mine in the Philippines through CGA Mining Limited), and has B2Gold as one of its major shareholders in the Company. B2Gold is a member of both the S&P/TSX Global Gold and Global Mining Indices.

ENQUIRIES

President & CEO – Justine Magee

Tel: +61 8 6489 2900
Fax: +61 8 6489 2920
Email: [email protected]

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation. Accuracy of mineral resource and mineral reserve estimates and related assumptions and inherent operating risks, are forward-looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from RTG's expectations include uncertainties related to fluctuations in gold and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the development of RTG's mineral projects; the need to obtain additional financing to develop RTG's mineral projects; the possibility of delay in development programs or in construction projects and uncertainty of meeting anticipated program milestones for RTG's mineral projects and other risks and uncertainties disclosed under the heading "Risk Factors" in RTG's Annual Information Form for the year ended 31 December 2013 filed with the Canadian securities regulatory authorities on the SEDAR website at sedar.com.

Appendix 1: JORC Code 2012 Edition Table 1 Section 1 Sampling Techniques and Data

Criiater JORCCodelaniontexpa Cotammenry
Salingmphniqtecues Nad qlif sling(turtyte anuaoampe.g. cuhals,dohipificialisedcnneranmcs,orspecspecindudad mlstrytanttoossreasuremeniaheinelsdeinvigiontetotttapproprmraunresa,h adoholedehadheldsucswngammasons,orn).XRFinsThelesholdtruts,tcmeneseexampsubekelimiinghebrd mingfttattnon asoaeanolingsamp Thedatatedheinisbad olingfdiamddrill cfPQ,assayreporresen sampoonore oHQdNQdiamtehich wt with adiamd cSalesaner wascuonore sawmparellyf1 mlenh,lhoh oionllylighlylonhohettttegeneraogaugccasasgeror srr wrehainlihologizeired adjlesttmtscngescoresor corerecoveryrequsensamparey,u;t mtha2lenth.noorenmg
Includeferketotatoreencemeasuresnensureleividheiattyttesamprepresenanapproprlibrionf alstttootemcaaonymeasuremenorsyssd.use Thelenth of ehdrill ruisded adthefoh rlculated ogacnrecornrecoveryr eacuncanid cheked ainhehed.Ceifiedfedadsdblanktettttasancgaacoresrrerence snranlesbmittedtothedisionftheltsdsampwere suassessaccuracyanprecoresuan20h sleindhelesbmidttotwttwtetteeverampwas sawno ano quarr core sampsuyfolyistelydulicatele.r anasseparaasapsamp
Asfhedeinaionf minelisaiontstterttpecomorahaMaialhePublicRett atertott.repor Half clesd sfolyisbyindedeISO-ifiedt atttore sampwere cunenr anasanpenncerlaboto(IntetekMcPhaLaboto)inMaila.Saleshed adraryrrrarynmpwere crusnlveised(95%75).Gold wlydby50 gfiredhehett<purμmasanaseassayanorlemtsincludingdirobyICP-MS(IndutivelyColedPlasMaeencopperanncupmassSp)ICP-OES(InduivelyColedPlasOpicalEmissiontrotryttecmeorcupmaSptrotry)followingfoiddigt.ecmeaur-aces
illinghniqDrtecues Drill(irclaiontytpee.g. core,reversecuopen,holehairblasBakatart,mmerroaaugerngy,,,ic,)ddeils(diamipletctatertrsoneanegcoreeor,ffacdadbedehdiamdils,tantuttasrpoone,lingbiheheheist ottytsampr orpe,wr coref s).iend adibyhahod,tet mttcorno,eew DrillingbyPQ,HQdNQdiamtetripletubediamd cingThewasaner,onorcorewasiend.t otatenor
Drill sleamprecovery f rMhod odingd aingdteecoranssesscore anhipleiesd rld.tscsamprecoveranesuassesse Coisinitiallyditebytrainedtehniciandbythererecoverymeasureonscs anisinglogist.Anlosisd,thetaislculatedsupervgeoycoresmeasurepercengecadboth adedinthetehnicallogfofeheinganrerecorgeocr rerence wn assessassayltsresu
Mkeimiseletatoeasuresnmasamprecoveryx
Criiater JORCCodelaniontexpa Cotammenry
fd eivehetatturtannsure represennae olessamp All cistaketoimfdiamd cddrillerarenensuremaxumrecoveryoonore ans areinfod oftheimtaf cAnf prmepornce oorerecoveryyareas ooor corerecoveryareled slyhulbedirelyladtettsttetosampeparas assayresucancrecorerecoveryThejifheinelisaionisinfreh rk wheieshatytttetmaoromrasocrerecoveraregrearn90%Mot minelisationinideintetionf mivetitekasraoccurswrsecs oassmagnesrnihlaivelyifodlddeColosinfratttureunrmcopperangogras.res occurscrezoneswbutisllyt aigificat pblemi.ethelostinfratuislikelyusuanosnnrocorecrezonesunhabeigificalyhighelowdehahedingial.Intotttteveensnnr orergransurrounmarthethedhetiticidised zlosisidable,but ollwearemaoxonessomecoresunavoveraislly90%dhelosislumicallyinoinhettrt>recoverygeneraancoresvoemrinelised zInf ptheleintelsdtomraonesareas ooor recovery,samprvaarearrangefffefincideithdrill rthudit clostaiictocowuns,s areasorenorespercengearespecindividul sleshich cbed wheintetinglytical reltsdaampwanassessenrpreanasuanfuf100%delledintutimtiontudiesWhelosismoreresourceesasreanarea ocoresidetifiedtheleintelskedtoh sidefthedtheisnsamprvaaremareacozoneanzone"N"deigteddigdlueintheiouloghetsdsnaocoreanassnezerovaarsseanvheicaldatabageocmse
Whehelaionhipisbeletttstwr aresexeen sampd gdedhehelebiastrecoveryanraanwr samphadduferiallos/gintotmayveoccurreepreensaff/cineial.terooarsema Theisdisciblelaionhipbed gdeThekattwrenoernreseen corerecoveryanrasrnfofbodieslativelyiigiicatlenthsdthed gldarereunrmover snngancopperanodet rlatedtolaydfratuhich atheinfgras arenoecancrezones wremacausesoloscores.
ingLogg Whehed chipleshabetr core ansampveenlogicallyd ghnicallylogdlevl otectogeoaneogeaedeiliaMinelRetatot atesupporpproprrasourceimioniningdiesd mlluricaltttutaesamsaneg,diestus Diamddrill cfoh etiredrillholelogdinigificatdetailinonorer eacnwasgesnnafbeflogingheincludinglogicalloglloghnicaltstrututenumr ogseageoa scraa geoc,,logd atictibilitylogfothetiredrillhole.Minelised adanmagnesusceprenranledinlslogdindividullyiniiveinellogihtetettattsamprvaaregeaa separaquanmrawtafthediffet cinelsbeingded.Thelogingispercengesorenoppermrarecorgiafoinel reimdiningdiestettestuapproprr mrasourceesaanms
Whehelogingisliiveiiveinttatttatrgquaor quanCo(hal,)turteatc.nae.reorcosn,cnneehohytogprap Mot ofthelogicallogingisixtuf qlitative(deiptionftheiousgeogamreouascrs ovarslogicalfe)d qiive(bed alesf vinsdfratuttattugeoaresanuannumrsanngoeancreinel ptatc).Thetitativeinelisationlogdthezones,mraercengesequanmraanicibililogiivePhohskef all c(bohtttyttattotatmagnesusceparequangraparen ooret addr)iortothebeingt.wenyprcorecu
All cincludingbabudeislogdinheiouloginghedttsteore,rren overrngevarsgseno
Criiater JORCCodelaniontexpa Cotammenry
Thellenh ad pfhelevtotattagttgnercene oreaninionlogd.tertsecsge botfrothetitativeinelisationloginhich olytheinelisedaveaparmquanmrawnmrainlsfoheical alyislogdindeil.tettetarvasenr geocmnasaregegrear
Sub-slingamphndiqtecues anleiontsampprepara If chehedhehett otterore,wr cur sawn anwr quar,half oll cketar aoren. All slingdataisfrodiamddrill cSalesf shalf ctampmonore.mpareoawnore excepfodulicaleshich aHalf cisbad ad stetettorpsamprequarr core.oreggenenanwISO-tifiedindedetlabotofolyis.Thethehalf rtainedfocerpennraryr anasorerfed/ofuhek.ttetwrerence anrrrsor
If nheheiffled,beled,ttutaron-corewr rsamproy,lidheheleddryt,tctt ospeanr sampwerw Not alicablefodiamd cdrillingppronore
Foll slehelidtytturtyr aamppesnae,quaan,iafheleiontenttappropress osamppreparahniqtecue All clesdried,hedto95%10d a1.5kgb-leis<ore sampwerecrusmmansusampdingifflelidlveised9%A0 gb-letetteto5755<separausarspr anprμmsusampuistilised afirehafold alyis.Theletionus a-assaycrger gonassamppreparahniqd sb-lingisiafoheinelisaiontetettcueansampapproprrmrau
Qulil pdudodforll sbtytroteaconroceres apaulingimiseiviftagtottysampsesmarepresenoxlessamp Blank slesddulicatelesbmittedtinelytoitotheampanpsamparesuroumonrlingd alyical pdhalesivefttott statsampannarocessanensureamparerepresenoinituteial.Onin20 slesfhalf cisintodutwsmareeveryampooresawnagaproceodulicaleshich abmidhelabolytetettetottotequarr corepsampresuraryseparawithdiffet slebeAblank sleinstedintolebatchewrenampnumrsampwasersampsth s20le.t eaveryamp
Mkehahelingistatottteasuresnensuresampivefheiniial cllecd,tatttuterterepresenosmaoincludingforinslforfieldtantsceresudulica/sd-half slingtepeconamp Thetitekainelisationinteivef mtitekamagnesrnmraoccursexnszones oagnesrnihdissinad chalcoiiningld.Theleizef aimlyttetetateemprcongosampsopproxawy,1 mlenthisitableinttotheinizeftheinelisationcoregsurespecgrasomra
Wheheleizeiaheinttetotr sampss areapproprgraizefheialbeingled.ttersomasamp Theleizeisided aiatefotheteial sled.Itisbelievdsampsconsrepproprrmarampehainizehabeinghedefheledial.tt gttterass noarongraosampmar
lQiftyuaoassaydadtaanlabotortestsray Thelid aiafheturtytentnae,quaanppropress oingdlabodud adtorassayanrayproceres usenhehehehniqisided pial otttectrueconsrearrwl.tota All cleslyd aISO-ifiedindedelaboGoldt atttoore sampere anasencerpennrarywlydby50 gfiredthethelemtsincludingdirowas anaseassayanor eencopperannlydbyICP-MSICP-OESfollowingfoiddigThelet.wereanaseorauracessamptiond atehniqfintetionlindutrytadad ad cbepreparaanssaycues areornaassnrnanidedl.totaconsre
Fohyicalls,hadheldtootroterr geopsspecmes,n Nohyicaltolsdfolyistedhein.Maticgeopsowereuser anyanasreporregne
Criiater JORCCodelaniontexpa Cotammenry
XRFinshedintruts,tc,ttermeneparames usedeininghelyisincludinginsterttrutmanasmenked mdel,dingimlibrionttmaanoreaescaas,faclied adheirdeivaiontortttc.s appnre, tibilitydingdinticdellingbut at udtotimtesuscepreas areusemagnemorenoseesatiteFetet.magneorconn
f qNalil pdudodturtytrotee ouaconroceres ap(dadsblanksdulicaltantestere.g. srpexna,,,)laboheksdhehebletorttarayccanwr acceplevlsf a(ielack ofbias)d pisioneoccuracyanrechabeblished.taveenes Qulil cledbyRTGincluded alyisf sdadsblanksdtytrotetaaconompnasonran,,dulicateCoialCetifiedRefeMateialsinstedintoleps.mmercrrencerwereersampth sth sbatche40le.Ablank sleinsted e20le;thes everyampampwaserveryampblank sleteialhabed addfrolocl qOninampmarsensourcenpreparemaauarrye20 clesistinto2 qteleshich wbmittedeveryore sampcuuarr core sampwere suindedetlyiththeir olebeIndditionIntetek cdutedtheirpennwwnsampnumrsaronc,fQQCteivehek slingt otheir ointelAhichown exnsccampas parwnrnaprocesseswistedinthehetsAdf rltsfrolldulicateblanksdreporassayserecoroesumaps,anfoQ/QCf atadadsisintainedingAt.Exinationllthesnrmar ongoassessmenamoQAQCledataindicatestisfatofoffield slingtolssampsacryperrmanceoampprocodthelabotoanassayrary
Veificaionftroldingsampaningassay Theificaionf sigificainionbytttertveronnsecsiheindedelivett oterterpennr anacompanyl.personne Sffigiicat minelisationintetioniiedbyltetivennrarsecs were verarnacompanyl.personne
Thefinndholestwuseoe Noinndholeshabedrilled.tweveen
Doionf pimdadatatta,tatrycumenoraryendudaificaiondatattatorproceres,versage,()hyical ad elecicls.trotocpsnnproo fDatadotationiicationd stoisdutedindaithcumenveranrageconcaccornce w,RTG'sSdadOpingPrduMalfoheMabiloPrjThediamdtattt.nreraoceresnuaroeconff sdrill cisllylogdinigiicatdetailinbeteExloremanuagesnnanumr oeparacelalogingheLoingisdedllyloginghedtetetstsmpgseggrecormanuaongseantraibedintotetedExl sdshettelateteddiretlyintothenscrproccepreaemps or enrecExllaThedalidadbybohhePrjGelogisdhetetestatetttt atcempare vaoeconDatabaMadloadedtothededicatedjtdatabacompanysenageranupproecsehehed wih alddigillybyhelaboHadtttstetattowreyaremergessayresureporraryrf affiesllloginghetsket atthePrjt oiceinDat.copogsearepoece
Discdjdatmttota.uss anyausenassay Nodjtmtshabedetodataausenveenmaassay
fdaLoionttacaointspo Acd qlif sdloctytotecuracyanuaourves useaydrillholes(llarddo-hle),coanwnosurveysheinekingd ohelociontrettncs,mors anrasw Drill-holellariniiallyd wih ahad-heldGPSih aftttcos aresurveyenwn accuracyoimtely/-5Coletedholesdbyindedet qlified+approxammparesurveyeanpennuaiodicbaisingdaddiffeialGPS(DGPS)iptattsurveyoron apersussnrrenequmen
Criiater JORCCodelaniontexpa Cotammenry
dinMinelReimionttuserasourceesa hievingb-deimtreinhoizotal ad vtical pitionacsuceaccuracyrnneros
Spificaionfheid sd.tttemecogrsseyu Drill cllardinUTMWGS84Zo51Nid.os aresurveyenegr
Qulid adefhicl.tytoptroaanquacyoograpcon TheMabilojt aislativelyflat withtotal viationintohylesthaproecrearearpograpsn1TohiclisidedbyDGPSing5trompograpconprovsurvey
dDaingtaspacandisibuiontrt DaingforingfExloriontattspacreporopaRelts.su Drillholesland oinal gid wih20bedrillholes40ttwarepnen anomrmeenonmdlinespaces.
Whehehedaingddisibuionistttatrtrspacanfficienblishhedef glogicalttotatsuesgree oeod gdeinuiiaforheMinelttytetanraconapproprraRedOrReimionttsourceaneserve esadu()d clasificaionlied.tproceresanss app Thedrillholeingdeigddeineheinuid efhetotetttytet otspacwassnermconanxninelised skaBad otatistical at ofdrill reltstodatethemrarnzones.sen sssessmensu,inal40 x20drillholeingisfficienMinelRettotnommspacsusupporrasourcetimtionesa
Wheheleiinghabelied.ttr sampcompossenapp Noitingfintelsinthefield wdetakecomposorvaasunrn.
Orienionfdatattaoinlaionttorelogicalgeotrutursce f sWheheheienionlinghievtttatroroampacesbiasd slingf pibledhetruturtuneampoossscesanhichhisisknideinghetenttottexown,consrwdeittypospe. Nobiasibubleienionf slingdingf rlhabettrtatotattsaoroamppgraoessenuuidetified.n
Ifhelaionhipbehedrillingieniontttwttatreseenordheienionfkeinelised sttattruturanoroymracesisidedhaindud alingtotroconsrevecesampbiashisholdbed ad rdifttesuassessenepor,ial.terma Nobiasibubleienionf slingdingf rlhabettrtatotattsaoroamppgraoessenuuidetified.n
Saleitympsecur Thekeleitatoty.measuresnensuresampsecur Chainf cdyisdbyRTGloySalesdintotoousmanageempees.mpere sresecurewtofrothetimfdrillingthrh gtheingd slittingReiningissrageme oougaranpmacore,Coffketind attheionl oiceinDattowdpa secure compounmpanyregaen anded at night.SalestdiretlyfrothehedtothelabotoguarmparesencmcoresraryCokedind ad sledlasticdringithehiclespacsecureneapums usermpanyveor alocltrat cAtadadChainfCutodyfoisigdbythedriveansporompany.snrosrmsnerfof sibletratingthelesipt olestthedresponsrnsporsampuponreceampacoreyardisigdbyloyfthelabotoipt ofthelesttheansnean empeeoraryonrecesampaCofoCofoflabotoletedtudtotheilingrarymprms arerernempanyr
Criiater JORCCodelaniontexpa Cotammenry
Audiiewtsorrevs Thelf adiiewf slingtstsresuonyauorrevs oamphniqddatecta.ues an ThelingtehniqdQA/QCdataiewd oingbaisbysampcues anarereven an ongosCot adindedet cltatsmpanymanagemennpennonsun

Section 2 Reporting of Exploration Results

Criiater J ORCCodelaniontexpa Co tammenry
lMinetentraemendlandtenanuretatuss  Tyfer/nbelociondtpe,reencenameumr,aanhipincludingialisststerownersagreemenormauesihhird piesh ajintttt vturarsucsoenesw,hipidingliesiveiletnettttparrss,overrroyana,inhisical siildeionlterts,tortestesrness or naaw,k ad eirol singtattparnnvnmenes.Theifheheld aheimftyttentttsecurouree oinglonih aknimdimtttstoreporagwnyownpeenbiningliceinhetatotetoanseoperaarea.  TheMabiloPrjisdbyExlorionPeiEP-014-2013-VdtttoeccovereparmanExlortionPeitAplicationEXPA-000188-V.EP-014-2013-VissdtoMtparmpwasueLaboExloriondDelopCoion("MLabo"),iad eitttttettypaanvemenrporaan assocnfRTGMiningIncTheis1%ltyblet miningivedorearoyapayaonnerevenuerecebyMLaboinlaionEP-014-2013-V.tttoreMtLabohatedintojint vtut withGaleoEqipt adsenreaoenreagreemenumennMiningCoInc("Gleo")inloringddelopingheMabilototntmpanaparerexpanvey,dNalesbitaPrjtsGaleoto36%intetinthePrjtsdoannoeccan earn uparesoecwn,$200 mbelowfabyibuingimlyUS4,20,000 of eloriontotrtte5tsurceconapproxaxpa,drillingdt sicefothePrjts2 yiod.anmanagemenervsroecoveraear perInNobe2013,SierMiningLimid("Sier"),hollydbsidiarftevemrraraaownesuowyRTG,dGaleoigdMedufUndetading("MOU")ttingtansneamoranmorsnseoudhahejinhedehlimif200tott vtuttottt oproposecngesoenreagreemenremovepfrothet adidefodditionldrillingf5,000below200mmagreemennprovr aaommTheMOUlsoidefoGaleobedi36%infroihhetotetstet ut wttaprovsrgranrespnbilityfoRTGtolaw-bk aintetdedt ed atthed ofthelawarcacnyresemenoarneencbakiod.ThedmheJVAgbjSiertstottttocperamenenreemenaresuecrahaholdel.srer approvaSOGaGaierhalsoteddMUithleohebyleorasaenreaseconwwrecanearnandditionl6%intetinthejint vtubyiningtheinitial1.5Mt of wtetaaresoenremasaMabiloNalesbitadtheiretsincludingistaithittingornanor reqmenassnce wpermuTheMOUisbjttobefditiondet,includingSiersuecanumroconsprecenrahaholdel.srer approvaThetethetlybeinglord atMabiloistednureoverarea currenexpea granExlortionPeit whichisided sTheistivetitleparmconsreecure.renonaorIndigtraldoinslaimtMabilo.enous ancesmacs a
loriondobyExtpaneheiesttor par Acknledgd aisal of elorionbyt atowmennppraxpaheiesttor par Thelyigificat pioulortiontheMabilojt aonsnnrevs expaoverproecrea wasadrillingt atheiteithinthetet ad adticprogramanor swnemenngrounmagneRTG(itsdeSier)hatedthisdatainioutssurvey.orprecessorras reporprevs reporSfototheAXddthedticbaisinitialdrill sitinganusegrounmagnesurveyasasr
Criiater JORCCodelaniontexpa Cotammenry
SubstlyRTGduteditsdticith closdequenconcown grounmagnesurveywerspacelineddingintelshich sdethehistoical pThesurveys anrearvawupersesrrogramreknioulortioninthefthetedMinelRewas noown prevs expaarea oreporrasource
Gelogoy Deilogical singd slefttytttypospe,geoeanoinelisaiontmra MinelisationtMabilobedefined atiteld skahichraacans amagne-copper-gornwdelopd whethetiteldinelisationlacd clcaveeremagne-copper-gomrarepeareoushoizointheEoTubaFotioninthetat zf aMiocrnsceneagemgarmaconcone oenedioriteintruions
DrillholefIniontorma Af allinforionialhettertotsummaryomamadedingfhelorionlincludingtantttsunrsoexparesuabulaionfhefollowinginforionforlltatttomaaMaialdrillholester:ingd nhingfhedrillholellarttteasanorocoolevionRL(RedudLel –leviontteaorceveeao)bolevlinfhedrillholellartretaveseaemesocodipd aimhfheholettanozuodoholelenh adiniondehtterttwngnceppoholelenh.tgo foSAll relevtdrillholeintionhabeioulytedtotheAX.Noanrmasenprevsreporial chahadhisinfoioninciiginallyd.tetottt wtemarngesveoccurrermaseasorrepor
Ifhelusionfhisinforionisjified ohetttttexcomausnbaishaheinforionisMaial adhisttttttertsmanonlusiondodefrohededingttratttanexcesnocmunrsfheheCoPehold clealytt,ttentorepormperson srulainhyhisishettexpwcase All relevtdatahabeted.ansenrepor
ionDatataggregahodstme IningExlorionRelighingttts,treporpasuwe/oinghniqimdinimtecaveragues,maumanr mumxdeion(ingfhigh gde)dtrutttgrancase.g. cuorasanff gdellyMaial ad sholdbet-otercuras areusuanud.tates Not rtinglortionltseporexparesu
Wheininchotetertstetreaggregaceporporasrlenhsfhigh gdeldlonlenhsfttstgoraresuangergolowdelhedudforhts,tgraresuprocereusesucionholdbed ad sicalttatetyaggregasusnomepf slesh aionholdbehointexampoucggregas sswnudeil.ta Not rtinglortionltseporexparesu
Theiondforingf mltttaassumps useanyreporoe Bad oliminatalluricaltetwk udetakebyiousen prerymegsornrnprevs owners,includingfloiondicionhefollowingionfoldtatttttanmagneseparaassumpsr go,
Criiater JORCCodelaniontexpa Cotammenry
ivalenlueholdbelealyd.t vtateeqas scrsuu ivalentsequare:-$GoldPriceUS1,150/oGold90%zrecovery–$CoS6,00/Co90%PriceU7tpperpperrecovery–$SilvePriceUS15.50/oSilve60%rzr recovery –$S/%IroPriceU90tIro70nn recovery –Thelculationfold eivalent vluebad othefollowingfola:car goquas wassenrmu$$*$=((*AOz)(*C)(F)AuEq0.91,1500.9Metal6,7000.7Metal90+++uue$$(0.6*AOz15.5))/1,150g
lahReioniptsbetweenlineisaiontmraidhsdinttertwanceplenhstg Thelaionhipicularlyimintttanttseress areparporingfExlorionRelttts.reporopasu heTheMabilodrillhabedrilledboh vicallydinclined.Theienionftttatveeneranorof gfrotheinelisedbodiesisbad ointetationlogdrillholesmrasenrpreoeoymtedbyticdellinghichindicatethat mh oftheinelisationsuppormagnemowsucmraisdipingtothethwt.psoues
Ifhefheinelisaionih rttryttttgeomeomrawespechedrillholeleiskniholdbettsturangown,nae sud.terepor Theinteted oientationftheinelisedbodiesisbad otictorpreromrasen magnefadellingddrill-holedatadisdotedinthet.Thetthatthemoanancumenreporcinionindipingbodydhefoidhshabetettttrutrsecs areapanrerenoe wsented.repor
fIiisknd olyhedoholelenhsttttnoown annwngad,heholdbeleahistettatemttotreporresuacr sen(ffec'doholelenh,idh nkntttrutteegwngewoown reNoinlsd cbedbeidh ofheinelisaiontetetotrutttrvareporanassumeae wmra').
Diagrams ()Apiad sionih slesdtettproprmaps anecswcaanbulaionfinholdbeincludedfortattertss ocepsanyuigificadiscbeingdTheholdttesnnoveryreporsesuincludebubelimidlaniewfdrillhot nttetooa pov,llarlociond aiaionl viewttetcoas anpproprsecas. feffRetoigithintheinbodythist.rureswmaoreporle
land ringBatceepor Wheheiveingf allExlorionttrecomprensreporopaRelisicable,iveingtst pttattsunoracrepresenreporfbohlowdhigh gded/oidhsholdttoanras anr wsubeicedid misleadingingfttotpracavoreporoExlorionReltts.pasu Not alicable.pp
Ohebsivettantr suloriondattaexpa Oheloriondaif mingful ad miattta,terr expaeanna()holdbedincludingbulimidtet nttetosreporou:logical obsionhyical stgeoervas;geopsurveylheical slbulk slests;ts;resugeocmurveresuampyized mhod oflluricalttretmt;tatestsaneaenmeglbulkdeidwhnicalts;ty,tertecresunsgrounageo,d rk chaisicsialdeleiouterttentteranocrac;pos or l,All mingful elortiondataingtheMabiloPrjthabetedeanxpaconcernoecsenreporiniouheASX.tstotprevs repor–
Criiater OCCoionJRdelantexpa Cotammenry
inaingbstamttanconsces.u
hekFurtr wor Thed slef plandfurhek(turtnae ancaoner wore.gforlal eiondehionteststertenttenaxss orpexss or).larledrillingteptge-scas-ou DrillingisingheMabiloPrjhich will sicallyicttt wtettet mtongoaoecsmasagneybodiesd stettatslontrikedbetwtheNothMinelisedZoanp-ourgeagsaneenrraneSofrodthethMinelisedZoll ado-diptheanraneas weswnmsezones.u
Diaglealyhighlighinghefttramscrareasoibleionincludingheintentpossexss,malogicaliniondfudrillingtertatturgeopres aneforidedhisinionistttareas,promanoviallyiivetcommercsens Refetofigithintheinbodyfthist.rureswmaorepor

Section 3 Estimation and Reporting of Mineral Resources

Criiater JORCCodelaniontexpa Cotammenry
Dabainitategtyser Mkehadahabetatotttateasuresnensures noendbyforle,ipionkeingtetratcorrupexampnscrory,beiiniial clleciondifortwtstttserrors,eenoanuseMinelReimionttrasourceesapurposes froDatadintheMinelRetimteisddatabat.userasourceesasourcemaseexporRelevblesfrohedabadMSExlfod cdttattatetot ateanmseareexporcermanonvertofotfoimtintoDataineStudio3 sftwfointheMinelcsvrmarpormoarer useraReimttesourceesa
Dalidaiondud.tatvaproceres use ffoValidationthedataimtincludehekslapingintels,issingoporccr overprvamdaissingdaissinglihologicaldadissingllartatattasurveymassaymanmcos.,,,
Siisitetsv Coiisidekebyhet otetstatmmenn anysunrnvCoPedhefhoisitentttcotts.mperson anoume osev AivefheCoPe(CP)haisidhejltatttettett orepresenompenrsons vproecn severaiont rtlyinJuly2014.Diamddrillingdeoccass,mosecenonprogramswereunrwayMabiloduingheiisiTheCP'siveblettt rt stet.tattoarmosecenvrepresenwasaiewdrillingd slingdull ainetheinelisationrevanampproceres,aswes exammrad aiad glogicalfeSalefailiiesdhetetutottoccurrence anssoceoares.mpsragecanlyticallabotoinMaillahalsobeinsted.Thetiveanararynveaenpecrewerenonegafrofheboinsiond all slesd glogicaldatcotttaoumesmanoavepecs,anampaneoydedfitfointheMinelRetimtewereemer userasourceesa
If niisihabedekeindicahytetstateo sveennrnvuwhisishettcase Nolicable.t app
Gelogicaloiniontertatpre Cofidein(ly,heinf)hettatytnnceorconverseunceroflogicalinionheineldeitertattt.geopreomrapos Thelogdineldistributionftheteisblylexdisgeoyanmraosysmreasonacompan,beinglyfined adrillingisdekeAshheCPhaketattattaconsnres moreunrn.sucsntivehtoMinelRelasificationa conservaapproacrasourcecs
Nafhedad ad of aionturttate ousennyassumps Drillholeinlogingld slinionfrodrilltettstrututetatrcepgassaresuancrarpresmy,
Criiater JORCCodelaniontexpa Cotammenry
dema hafodthebaisfothelogicalintetationAstionhacorevermesrgeorpresumpsvebedehedeh ad sikefhekainelisaionindtttrtetsttteteenmaonpnexnosrnmrarpretdethbad olimiteddrillingd ghyicalinfotionapsenaneopsrma
Theffecif af aliveiniont,terttertatenyonapres on,MinelReimionttrasourceesa Thefhedelled zllyblyll cinedbytetsttraexnomoonesaregenerareasonaweonsthelogical mdelintetationhichisbad othedrilllogingdgeoorprewsenganhyicaldaDiffeinionfheinelisaionhabetattetatttgeopsrenrpres omraveendetaketotheinflueMinelRetimtiondheunrnassessnce onrasourceesaanncejicsWhelogicalinionhahighdeft etetatproecconomregeorpres agree otaintyitislasified aInfeddlesf mdellingteuncercssrreregars ooparamers
Thef gloginidingd cllingtrouseoeoyguanonMinelReimionttrasourceesa GeloghabeheiminflueinllingheMinelRettrotoysenprarynceconrasourcetimtionWirefrahabetrutedfotheioulithological zesamesveenconscrvarsonesbad olef minelisaionhok ad oidaiondeinedbytytt rttatetesen sorasocnsasrmx,thelogingd aingcoreganssay
Thefacffecinginuibohf gdedtortttyts aconoraanloggeoy. Coinuif glogd sbeideified addbedrillholesttytrututtratwnoeoyancres cannnceeenbyisul,hyical ad gheical chateisticsBriaintetedvageopsneocmracrecczonesrprelafalhabedinhedrill cdhabetotetot strututetreucresveennoore anveendelled.mo
imionDenss ThediabilifheMinelRetent atytexnvarorasourced alenh(lonikeheise),ttrtexpressesgagsor orwlanidh,ddehbelowfachetttotpwanpsureupperfdlowlimiheMinelRetstanerorasource TheSothMinelisedZo(SMZ)isinteted ahaing400trikelenth,uranerpresvamsgis2040inidh,ih vicaldeh u240frohly0belowtotruttttto5me werppmmrougmwfaTheNothMinelisedZo(NMZ)hatriketet of rhly100surcerranes asexnougm,idhbe20d60ddeh ef13frohly40truttwttet o5e weenmanmanpnmmrougmxbelowfasurce
imiondEsttaandellinghniqtemocues Thed aiafheimionturtentttnae anppropress oesa()hniqlied adkeiontectuesappnassumps,yincludingf edeluetretmt otreaenxme gravas,doininginlaiond mimterttermapoparames anaxum,disf elaionfrodainIf atantrattats.ceoxpompoisd eimionhodhotertetttcompasssamewas csenuincludedeipionf cfdttertwascroompusoare and.terparames use Theinelisationhabetimtedingdinakriging(OK)dinvmrasenesausorryanersedishe2(IDS)hniqinDaineSdio3 sf30tatottetatutwncepowercuesmoare.inelisedlenhabeinteted ad adinto15inelisedmrasesveenrprenregroupemrafCulithologicaldoin-AFeinelisationbad olenlithologtymazones ou-mrasensype,d gdeThe8 oftheintheSMZd7 zintheNMZ.anrarearesezonesanonesTheinelisedlithologicaldoindhadbodaiestolectmramazones wereuseasrunrselelationfodatalyisd gdetimtionSoftbodaiesbetwsamppopusranasanraesaunreenthedlodeithintheinelisedlithologicaldoindhadgroupeswmramazonesanrbodaiesbetwinelisedlithologicaldoinhabedintheunreenmramazonesveenuseSdetimtiontatistical alyisletedhtodeteinegraesanaswascomponeaczonermiatetotstolytotlierdefFeAuCudAgheired.approprp-cuappougras oanwrerequ,,
Criiater JORCCodelaniontexpa Cotammenry
OKdfohejif zihIDSdfo4ihlowlettyttwasusermaorooneswuserzones wsampbenumrs
Theilabilif chek eimioutyttesavaocsaprevs,/oimdineduiondsdttestesaanr mprocrecoranheheheMinelReimkettttetawrrasourceesasiaf shdatet ota.appropraccounuc FohisideMinelReOKdIDSimledtttetermanrasourceanesas arecomptlyinbef etimtionith vingteTheltsconcurrenanumr osarunswaryparamersresud ainsh ohedhedrillholelblet etttstoare comparegaacr anresuensureareasonatimtethatbethothedrill sledataisted.esasnoursamprepor,Noininghakelachedeittatttsms yen pe asepos
Theiondedingfbytassumps maregarrecoveryoduts.proc fAghabetimted adisdtobelsoblet otheAusenesanassumearecoveraasparrecoveryprocesses
Esimionfdeleioulemhetttertstaos eenoror nondeiablesf eicigifica(gravaroconomsnnceeglphuforid minedrinahaisaion).tertsuracage crac SPotetiallydeleteiouAsdhabetimtedintothedeltoist withnrsanveenesamoassfullurical wk adiningdiesbud ahistutatut at rtetttaremegornmsrenoeporsge.,
Inhefblock mdelinlaionheblocktterttcaseoopo,izeinlaionheleingdttotsreaverage sampspacanhehloyd.tsearcempe Inteteddoinsbuiltintob-lledblock mdel with20mN-Sby20mrpremaarea suceoE-Wby4mtical ptblock sizePatblock sizeishobad obeingverarenrencsensenhlyhalfhedrill singhejifhedeiSehtttytt arougaveragepacovermaoroposreasarcfollipidsh etimtionhabeientatedbad otheir gtryesor eacsazoneveenorseneomed gdeinuiSalebeblock eimd ellipid aialttytteanraconmpnumrspersaansoxh rhabetailordtotryddatadeityf eh ztosearcangesveenegeomeannsoaconehejifhedelisimd wihinhefirsh pThettytttettt sensuremaoromoesaearcass.h ellipisdobledfod sh pdincd20foldfothirdsearcseur aseconearcass anreaser ah pllblocksimd.Salebeiredtottesearcassensureaere esampnumrsreqperwublock etimtehabedud with eh sh psaveenreceacearcass.
Anionbehind mdellingf slecivettyassumpsooeiningits.mun Notionhabedeiningtudieshabeleted.assumpsveenmaas nomsveencomp
Anionbolaionbett cttwyassumps auorreeeniablesvar Noionhabedeih eh elemlyimd.ttt stetteassumpsveenmawaceneparaesaStatistical alyishollyd clationbetwAudCudenasswsageneragooorreeenangrasinhed zdlaioninhed ztttunweareonesanpoor correweareones
fDeipionhohelogicaliniontttertatscrowgeoprewasdlheimtotrotttesuseconresourceesa Softbodaiesbetwthedlodeithintheinelisedlithologicalunreengroupes wmradoindhadbodaiesbetwinelisedlithologicaldoinmazones anrunreen mramazoneshabedinthedetimtionveenusegraesa
Criiater OCCoionJRdelantexpa Cotammenry
Discionfbaisforingingdet uussosusor nosgraingingttcuor capp Sisical alyishek gdelaiondisibuioninghistatttottrttonasccrapopus usgrams,fff vbabilitylotsd statisticsdtheicient oiationpropanummarysanco-earwas,led oh zfoheimd elemOulierdeioulytetttetstcompn eaconeresaengras were varsfofoffedt elemtsinthedit minelisedlithologicaldoindunr mosenrenramazones aniatetotsheliedtoduinfluefthetlierapproprp-cuwreappremoveunence oseoufodethedetimtionh zgras ongraesar eacone.
Thef vlidaionhehekingttprocessoaccprocess,d,heisof mdeldadrillholettatousecomparnoodadf riliaiondaif ailable.ta,ttaanuse oeconcva Validationheksincluded statistical cisobetwdrill sledetheccomparneenampgras,OSfof gfoKdIDtimteltsh zVisul vlidationdetredsanesaresur eacone.aaoranrh elemlonhedrill sionled addloingdrillt atttetretseacengecs wascompnnpcomparlededdel gdefothingtingd elevtionsampgras anmorasr nors,eass anawereled.Thehekshoblelaionbeimdblocktettwttecompseccswreasonacorreeen esadeddrill sledeNoiliationdataisilableininggras anampgras.reconcavaasnomhakelactasn pe.
Misturoe Wheheheimd odrybaistttontternagesareesan asih nl misdhehod oftturturttorwaaoe,anmedeinaionfheisterttturtent.momoe con Tohabeimd odrinibais.Noisluettetutunnagesveenesan assmorevas wereyiewd.reve
Cufft-oterparames fff g()Thebaishedod cdelittet-otysoaprasorquaulied.terparames app Folihological uiinallowff gdef abinaionf0.3 g/ttst-ottr somennomercuras ocomoAud0.3%Cudtodefinetinuinelisedlendetheanwereuseconous mrases,unrionhahedeldbelosinimicbrketttttoassumpsegras wouceamumeconomeavendegra
iningfMtoracs oriontassumps Asiondedingibleiningtsumps maregarpossmhodsiniminingdimiondinlttermemummenss anna,(if alicable,l)iningdiluionIisterttorppexnam,fflwhet otaays necessaryasparprocessodeiningbleforltertstuamreasonaprospecevenicionideial miningtrattotenteconomexcconsr pohodsbuheiondedingttttmeassumps maregar,ininghodsd pheimingtterttmmeanarames wnesaMinelRelwbeigt arasources maynoaysrorous.Whehisishehisholdbedihttttetrecasesureporw,lanionfhebaisfheiningtttanexpaosomiondetassumps ma Ithabedthatthedeitsillbebletot miningsenassumeseposwamenaopencuthodsd aictoloit withthisthodologtthetedmeanreeconomexpmearepory,del gdeNotiondinginiminingidthsdaveragemoras.assumps regarmummwandilutionhabedetodateveenma
Mlluricalftatoregacsiontorassumps Thebaisforiondiciondingttsassumps or pres regarllurical abiliIislwtaty.tmegmenaaays necessaryas Notiondingtallurical abilityhabedeMetalluricalassumps regarmegmenaveenmagkislybeingdekedlfrohisk willbetetwttatstsorcurrenunrn anresumwor
Criiater OCCoionJRdelantexpa Cotammenry
fhefdeiningblet otterparprocessomreasonaforl eiciontstuatrattoprospecevenconomexcideial mllurical mhodsbuhetenttatttconsr poege,iondinglluricalttatretmtassumps regarmegaend pdeheingtertprocessesanarames mawnreporMinelRelwbeigt arasources maynoaysrorous.Whehisishehisholdbedihttttetrecasesureporw,lanionfhebaisfhelluricalttttaanexpaosomegiondetassumps ma inctedintofutudel udateTheidetionf similardeitsinorporaremops.oxpors oposfutheionbeingllyloitedbythetitiesditisdthatregaresuccessexpor enanassume,thebeicallyloited atthedelled gdeItisdsezones caneconomexpmoras.assumethatthethedinelisedteial willbedilyded wheun-wearemramarreaupgrareingdad giicd/ofrohfloiontatytttatnecessary,ussnrravmagneprocessesanr,foffetrationtehniqiatethedit pdut streconcencues as approprrrenrocams.
lEnirotavnmenftoracs oriontassumps Asiondedingibledttesumps maregarposswasanidudispl oionIislwttprocessreseosaps.aaysfhefdeiningt otternecessaryas parprocessombleforl eictstuareasonaprospecevenconomionideheial eiroltrattottenttaexcconsrponvnmenimfheiningd pingiontsttpacomanrocessoperaf pWhilehishedeinaionialtttagtterttentasemooirolimicularlyforfieldstats,tenvnmenpacparagreenjlwbell advd,het,t atproecmanoayseanceywf elyideionfheialtatustttentsoarconsraosepoirolimholdbed.Whetatsteennmenpacsreporrevuhehabeidedhisttsttseaspecvenoenconsrefholdbedih alanionhetetttsrepornexpaouwirol aiondetatenvnmenssumps ma Noiondingibledidudispl oionttetassumps regarposswasanprocessreseosapshabedeItisdthat shdispl will nt pt aigificatveenmaassumeucosaoresensnnhudleloiionfhedeidhadispl adialtotattt att atetrexpoposnnyosanponirotalimtsldbetlyd aireddetheenvnmenpacwoucorrecmanages requunrlaiingdiiontotttregrypermcons.u
lkdeiButyns Whehed odeined.If ad,hettertr assumermssumeforfbaisheionIdeined,hetttertsassumps.mhodd,hehedryhefrefttt otmeusewr werquencyo,heheizedtts,tturmeasuremennae,sanivefhelestattrepresennessosampforThebulkdeibulk mial mhabetertnsausveen In-itudrbulkdeityluehabeliedtothedelledinelisationsynsvasveenappmomrabad olineionfolasfohed adhedialtttesenarregressrmr wearenunwearemarutely.Thisisbad oblelationhaingbefodbetwseparasen reasonacorresvenuneenOfdbulkdeityltsdFethe674tstake435hameasurensresuanmeasuremenn,veltdataith177fallingithintheintetedinelised zassayresuwwrpremraones,Deitshabetakedrill slesingted wtensmeasuremenveenn onamuswaxcoaar
tydbyhodshadelyforttt atetmeasuremequaaccoun(),id siisdty,tcturvopacesgs,porosemoe anvudifferbek ad aliontwtertenceseenrocnazonesihinhedeittt.poswDforlkiim typdisplact mthodsfrolldiffetlithologicaltyemenemarenpes,WihheblelaionbeFededbulkdeiiis
iscionbudettyttesuss assumpsnsesaffferdinheluaionhedittttuseevaprocessoen ttttwtytdreasonacorreeengraannsassume,ffothat utheionlasdeibingthislationhipisiateseoregressrmuscrresanappropr
Criiater JORCCodelaniontexpa Cotammenry
ials.terma f rfothod otingtheted viabilityinbulkdeitythedemeepresenexpecarnsrgraimdinelisedblockstteesamra
lasfCiicaionts ThebaisforhelasificaionfheMineltttscsoraReiningfideiestotegsourcesvaryconnce caor ClasificaionfheMinelReimied okinginttttettatosorasourceesas wascarrutthelevl of glogical udetadingfthedeit,lityf slesaccouneeonrsnoposquaoamp,deidaddrillholeingtytansanspac
Wheheiahabekef allttettar appropraccounsennolevfac(ielaivefideinttortreansreconnce/gdeimionliabilifinpdatontttytta,nageraesas,reoufideininuif glogd mlttytaconnceconoeoaneylueliiddisibuionfhety,ttytrttvas,quaquananoda).ta Thelasificationflectsflowdhighelogical cfideincsreareas oeranr geoonnceinelisedlihologicaldoininuibadheiningdrill sledatttyttettamramaconsersecampOvbeingd oientationll minelisationtredsblynumrsspacanreraranarereasona,isihinheioulihodrill siontet wttttytconsnvarspesover numerousecs.
Whehehelialyflechettt atetstrresupproprreCoPe'siewfhedeitenttt.mpersonvopos TheMinelRetimteiatelyflectstheiewftheCotetrasourceesaapproprrevompenPerson.
dAuiiewtsorrevs Thelf adiiewfMineltstsresuonyaorres orauvReimttessourceesa Inl adiledbyCSAGlobal which vifiedhehnicalinptetstettetsrnawerecompercuu,thodologtedltsfthetimtemey,paramersanresuoesaNol adihabedeketetstaexrnaveennrn.uu
Discionfussolaive/treaccuracyfideconnce fWheiahelaivetetatemt ottreappropra senred cfidelevlinheMineltaccuracyanonnceeraReiminghduttesourceesausan approacorprocereded aiabyheCoPeFotettentemepproprmperson.rf sle,helicaionisical otttattexampapporisical pduifyhelaivetatttotttgeosroceresquanreffheihind cidetttateaccuracyoresourcesonncewlimiif sh ahisdedts,tor,ucn approacnoemeffacialiivediscionhete,tatttorappropraquaussoshald affechelaivedtt ctttoureaccuracyanffideheimttte.connce oesa ThelaivefheMinelReimisflecdinheingttttetettreaccuracorasourceesarereporyftheMinelRetheidelinefthe2012JORCCodeorasourceas pergus o
Thehold sifyheheilatatemt stt rtestosenupecwreflobal olocl eimd,ilocl,hettestatetgrasaanas,levhich sholdbelevttonttoreannageswurean,hnical ad eicluaionDoiontecttatnconomevacumenholdincludeiondedhettsuassumps maandud.proceres use TheMinelRetatet rlatetolobal etimtefin-itutodrasourcesmenesgsas osnnesandegra
Criiater OCCoionJRdelantexpa Cotammenry
Thef rlaivedTtatemtstsesenoeaccuracyanffideheimholdbedttteconnce oesasucompareih pduiondaheilable.ttta,wrocwreava hedeithat,dist ctlybeingined.poss noannourrenm