Mineral Resources

Tembang Gold-Silver Project - Mineral Resource Statement at 31 December 2016

Deposit

Mineral Resource Category

Tonnes

Au (g/t)

Ag (g/t)

Au (oz)

Ag (oz)

Belinau Undergound

Measured

53,000

9.7

91

16,000

155,000

Indicated

156,000

8.7

56

44,000

282,000

Inferred

70,000

7.6

21

17,000

48,000

Total

279,000

8.6

54

78,000

485,000

TOTAL

Measured

53,000

9.7

91

16,000

155,000

UNDERGROUND

Indicated

156,000

8.7

56

44,000

282,000

 

Inferred

70,000

7.6

21

17,000

48,000

 

TOTAL

279,000

8.6

54

78,000

485,000

Berenai Open Pit

Measured

-

-

-

-

-

Indicated

1,219,000

2.1

30

82,000

1,179,000

Inferred

779,000

1.6

26

41,000

652,000

Total

1,998,000

1.9

29

123,000

1,831,000

Asmar Open Pit

Measured

-

-

-

-

-

Indicated

1,522,000

1.2

21

60,000

1,009,000

Inferred

1,495,000

1.4

12

67,000

576,000

Total

3,017,000

1.3

16

127,000

1,584,000

Buluh Open Pit

Measured

3,000

7.4

12

1,000

1,000

Indicated

10,000

4.1

13

1,000

4,000

Inferred

14,000

3.1

13

1,000

6,000

Total

27,000

4.0

13

3,000

11,000

Bujang Open Pit

Measured

-

-

-

-

-

Indicated

214,000

2.7

37

19,000

251,000

Inferred

62,000

1.7

14

3,000

29,000

Total

276,000

2.5

32

22,000

280,000

Siamang Open Pit

Measured

1,000

1.0

22

40

1,000

Indicated

95,000

2.1

27

6,000

83,000

Inferred

182,000

1.8

21

10,000

123,000

Total

278,000

1.9

23

17,000

207,000

Tembang-Anang

Measured

-

-

-

-

-

Indicated

170,000

2.5

29

14,000

160,000

Inferred

55,000

2.1

30

4,000

53,000

Total

226,000

2.4

29

17,000

214,000

TOTAL

Measured

4,000

5.7

15

1,000

2,000

OPEN PIT

Indicated

3,231,000

1.8

26

182,000

2,686,000

 

Inferred

2,587,000

1.5

17

127,000

1,440,000

 

TOTAL

5,823,000

1.7

22

310,000

4,129,000

TOTAL

Measured

57,000

9.4

85

17,000

157,000

UNDERGROUND &

Indicated

3,387,000

2.1

27

226,000

2,969,000

OPEN PIT

Inferred

2,657,000

1.7

17

144,000

1,488,000

 

TOTAL

6,102,000

2.0

24

387,000

4,614,000


Competent Person’s Statement – Mineral Resources - Asmar, Bujang and Tembang-Anang

The information in the report to which this statement is attached that relates to the 2015 Mineral Resources estimates for Asmar, Bujang and Tembang-Anang, is based on information compiled by Mr Chris Black who is a member of the Australian Institute of Geoscientists and was then a full time employee of Cube Consulting Pty Ltd. Mr Chris Black 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 'Australian code for reporting of Exploration Results, Mineral Resource and Ore Reserves'. Mr Chris Black has previously consented to the inclusion in the report of the matter based on his information in the form and context in which it appears.

The updated Mineral Resources estimates for Asmar, and Bujang is based on the application of mining depletion to the original 2015 Mineral Resources estimates for Asmar, Bujang and Tembang-Anang, compiled by Mr Chris Black, and is based on information compiled by Mr Gary Powell, who is an independent consultant of the company and a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Powell 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 Powell 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 – Mineral Resources – Berenai and Belinau

The information in the report to which this statement is attached that relates to the Mineral Resources estimate for Berenai and Belinau, is based on information compiled by Mr Denny Wijayadi who is a Member of the Australian Institute of Geoscientists and a full time employee of Cube Consulting Pty Ltd. Mr Wijayadi 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 'Australian code for reporting of Exploration Results, Mineral Resource and Ore Reserves'. Mr Wijayadi consents to the inclusion in the report of the matter based on his information in the form and context in which it appears.

Competent Person’s Statement – Mineral Resources - Buluh-Siamang

The information in the report to which this statement is attached that relates to the 2015 Mineral Resources estimate for Buluh-Siamang, is based on information compiled by Mr Robert Spiers who is a member of the Australian Institute of Geoscientists and was then a full time employee of H & S Consultants Pty Ltd. Mr Robert Spiers 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 'Australian code for reporting of Exploration Results, Mineral Resource and Ore Reserves'. Mr Robert Spiers consents to the inclusion in the report of the matter based on his information in the form and context in which it appears.

The updated Mineral Resources estimates for Buluh-Siamang is based on the application of mining depletion to the original 2015 Mineral Resources estimates for Buluh-Siamang, compiled by Mr Chris Black, and is based on information compiled by Mr Gary Powell, who is an independent consultant of the company and a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Powell 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 Powell consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The Directors of the Company have pleasure in submitting their report together with the consolidated financial statements of the Group, being Sumatra Copper & Gold plc (‘the Company' or ‘the Group’) and its controlled entities, for the year ended 31 December 2016.