CENTRAL TANAMI PROJECT MINERAL RESOURCES  

Tanami Gold NL Mineral Resources as at March 2013

DEPOSIT   Measured     Indicated     Inferred     Total  
  Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
Coyote Gold Project 482,000 2.8 44,000 1,071,000 5.7 197,000 1,500,000 6.4 310,000 3,053,000 5.6 551,000
                         
Central Tanami Project 6,730,000 3.0 648,000 9,491,000 3.0 954,000 9,279,000 3.0 1,022,000 25,500,000 3.0 2,625,000
                         
Sub Total 7,212,000 3.0 692,000 10,562,000 3.4 1,151,000 10,779,000 3.8 1,332,000 28,553,000 3.5 3,176,000
Central Tanami Stockpiles 1,700,000 0.9 48,000             1,700,000 0.9 48,000
                         
TOTAL 8,912,000 2.6 740,000 10,562,000 3.4 1,151,000 10,779,000 3.8 1,332,000 30,253,000 3.3 3,224,000

Notes to accompany table

  1. Resource estimations completed using MineMap, Vulcan, Surpac, Datamine and Micromine software packages comprising a combination of ellipsoidal inverse distance and ordinary kriging grade interpolation methods.
  2. Grade estimation was constrained to material within >0.7g/t Au mineralisation outlines.
  3. Variable gold assay top cuts were applied based on geostatistical parameters and historical production reconciliation.
  4. Resources reported above relevant cut-offs basd on economic extractions, varying between 0.7g/t Au and 1.0g/t Au block model grade.
  5. Stockpile figures from previously reported Otter Gold Mines NL 2001 Mineral Resource estimate less recorded treatment by Newmont Asia Pacific.
  6. Tonnes and ounces rounded to the nearest thousand and grade rounded to 0.1g/t. Rounding may affect tallies.
  7. The information in this report pertaining to Mineral Resources for the Central Tanami Project was compiled by Mr Bill Makar (MAusIMM), Consultant Geologist – Tanami Gold NL, Mr Michael Thomson (MAusIMM), Principal Geologist for Tanami Gold NL, Mr Steven Nicholls (MAIG), former Senior Geologist for Tanami Gold NL, Mrs Claire Hillyard (MAusIMM), former Resource Geologist for Tanami Gold NL, Mr Mark Drabble (MAusIMM) - Principal Consultant Geologist, Optiro Pty Ltd and Mr Peter Ball (MAusIMM), Director of Datageo Geological Consultants. Mr Makar, Mr Thomson, Mr Nicholls, Mrs Hillyard, Mr Drabble and Mr Ball have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Persons as defined in the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Makar, Mr Nicholls, Mrs Hillyard, Mr Drabble and Mr Ball consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.

 

Central Tanami Project Mineral Resources by tenement as at September 2012

 

 

DEPOSIT   Measured     Indicated     Inferred     Total  
  Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
MLS153 1,051,000 2.2 73,000 3,046,000 2.2 217,000 849,000 2.7 74,000 4,946,000 2.3 365,000
MLS167 2,709,000 3.4 293,000 2,613,000 2.9 244,000 2,050,000 2.9 191,000 7,372,000 3.1 728,000
MLS168 854,000 2.2 60,000 314,000 1.6 16,000 1,094,000 1.6 58,000 2,262,000 1.8 133,000
MLS180 545,000 3.3 57,000 872,000 2.7 76,000 269,000 2.0 18,000 1,685,000 2.8 151,000
MLSA172 1,096,000 2.7 96,000 176,000 1.8 10,000 142,000 2.7 12,000 1,415,000 2.6 119,000
MLS22934 544,000 4.3 75,000 1,517,000 4.3 212,000 4,892,000 4.5 714,000 6,953,000 4.5 1,001,000
Sub Total 6,799,000 3.0 654,000 8,538,000 2.8 774,000 10,396,000 3.5 1,157,000 25,733,000 3.1 2,586,000
Stockpiles 1,700,000 0.9 48,000             1,700,000 0.9 48,000
TOTAL 8,499,000 2.6 702,000 8,538,000 2.8 774,000 10,396,000 3.3 1,157,000 27,433,000 2.9 2,634,000

Notes to accompany Table

  1. Resource estimations completed using MineMap, Vulcan and Micromine software packages comprising a combination of ellipsoidal inverse distance and ordinary kriging grade interpolation methods.
  2. Grade estimation was constrained to material within >0.7g/t mineralisation outlines.
  3. Variable gold assay top cuts were applied based on geostatistical parameters and historical production reconciliation.
  4. Resources reported above 0.7g/t block model grade.
  5. *Resources reported above 1.0g/t block model grade.
  6. Stockpile figures from previously reported Otter Gold Mines NL 2001 Mineral Resource estimate less recorded treatment by Newmont Asia Pacific.
  7. Tonnes and ounces rounded to the nearest thousand and grade rounded to 0.1g/t.  Rounding may affect tallies.
  8. The information in this report pertaining to Mineral Resources for the Central Tanami Project was compiled by Mr Bill Makar (MAusIMM), Consultant Geologist - Tanami Gold NL, Mr Michael Thomson (MAusIMM),  Principal Geologist for Tanami Gold NL, Mr Steven Nicholls (MAIG), former Senior Geologist for Tanami Gold NL, Mrs Claire Hillyard (MAusIMM), former Resource Geologist for Tanami Gold NL and Mr Peter Ball (MAusIMM), Director of Datageo Geological Consultants. Mr Makar, Mr Thomson, Mr Nicholls and Mr Ball have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Persons as defined in the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Makar, Mr Thomson, Mr Nicholls, Mrs Hillyard and Mr Ball consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.
  9. ML22934 Resource consists of two Resources - Groundrush Deposit (6.9M tonnes @ 4.5g/t for 1,001,000oz) and Ripcord Deposit (1.1M tonnes @ 2.5g/t for 89,000oz).