Ore Reserves

Tembang Gold-Silver Project -  Ore Reserve Statement at 31 December 2016

Deposit

Ore Reserve Category

Tonnes

(x 1,000)

Au (g/t)

Ag (g/t)

Au (oz)

Ag (oz)

Belinau Undergound

Proved

33

6.0

44.7

6,000

48,000

Probable

354

4.3

27.8

49,000

316,000

Total

387

4.4

26.6

55,000

363,000

TOTAL UNDERGROUND 

 

Proved

33

6.0

44.7

6,000

48,000

Probable

354

4.3

27.8

49,000

316,000

TOTAL

387

4.4

29.2

55,000

363,000

Berenai Open Pit

Proved

Probable

444

2.0

19.1

29,000

272,000

Total

444

2.0

19.1

29,000

272,000

Asmar Open Pit

Proved

Probable

644

1.6

29.2

34,000

603,000

Total

644

1.6

29.2

34,000

603,000

Buluh Open Pit

Proved

Probable

47

3.0

17.0

5,000

26,000

Total

47

3.0

17.0

5,000

26,000

Bujang Open Pit

Proved

Probable

62

3.2

48.6

6,000

98,000

Total

62

3.2

48.6

6,000

98,000

Tembang-Anang

Proved

Probable

63

1.6

31.1

3,000

63,000

Total

63

1.6

31.1

3,000

63,000

TOTAL

Proved

OPEN PIT

Probable

1,260

1.9

26.2

77,000

1,062,000

 

TOTAL

1,260

1.9

26.2

77,000

1,062,000

 

 

 

 

 

TOTAL

Proved

33

6.0

44.7

6,000

48,000

OPEN PIT &

Probable

1,614

2.4

26.6

126,000

1,378,000

UNDERGROUND

TOTAL

1,647

2.5

26.9

132,000

1,426,000

Competent Person’s Statement - Underground Ore Reserve

The information in this report that relates the Underground Ore Reserves is based on information compiled by Mr Robert Gregory of Sumatra Copper & Gold, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Gregory has sufficient experience, which 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'. Mr Gregory consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Competent Person’s Statement - Open Pit Ore Reserve

The information in this report that relates the Underground Ore Reserves is based on information compiled by Mr Dallas Cox of Crystal Sun Consulting who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Cox has sufficient experience, which 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'. Mr Cox consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.