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Exploration Project Mineral Resources

Mineral Reserve and Mineral Resource Estimates

Category Quantity
(tonnes)
Grade
(g/t Au)
Contained Au
Ounces
F2 Gold Deposit:    
 Proven Reserve 339,2275.76 62,830 
 Probable Reserve3,223,337 5.52 572,009 
Total Reserves 3,562,565 5.54 634,838 
Measured (M) 391,000 6.50 81,700
Indicated (I) 1,115,000 7.49 268,600
Total M + I 1,506,000 7.24 350,300
Inferred 1,303,000 6.50 272,200
    
 McFinley Zone:    
 Measured (M) 45,3005.40 7,900 
 Indicated (I) 160,4006.22 32,100 
 Total M + I  205,7006.04 40,000 
 Inferred 259,3008.53 71,000 

Notes:

F2 Gold Deposit

  • Effective date is September 7, 2020;
  • The Feasibility Study Mineral Reserve estimates uses a break-even blended economic mining cut-off grade of 3.41 g/t Au based on assumptions of a gold price of US$1,375/oz, an exchange rate of US$/C$0.76, mining cash costs of $98/t, processing costs of $25/t, G&A and other (including exploration, refining, transport, and royalty costs) of $30/t, and mining recovery of 95%;
  • The Feasibility Study Mineral Resource estimates use a break-even economic cut-off grade of 3.0 g/t Au based on assumptions of a gold price of US$1,400/oz, an exchange rate of US$/C$ 0.74, mining cash costs of C$97/t, processing costs of C$33/t, G&A of C$18/t, sustaining capital C$20/t, refining, transport and royalty costs of C$59/oz, and average gold recoverability of 95%;
  • Reported from within an envelope accounting for mineral continuity; and 
  • All figures are rounded to reflect the relative accuracy of the estimates and totals may not add correctly.

NI 43-101 Technical Report - Bateman Gold Project Feasibility Study

McFinley Zone

  • Effective date is December 10, 2020;
  • Based on a break-even incremental economic cut-off grade2 of 3.0 g/t Au, assuming the utilization of the Bateman Gold Project (the “Project”) infrastructure and processing facilities, a gold price of US$1,400/oz, an exchange rate of US$/C$ 0.74, mining cash costs3 of C$92/t, processing costs of C$25/t, G&A of C$2/t, sustaining capital C$34/t, refining, transport and royalty costs of C$54/oz, and average gold recoverability of 86%;
  • Excludes unclassified mineralization located within several pillars (crown, mill, shaft, and lake);
  • Reported from within an envelope accounting for mineral continuity; and
  • All figures are rounded to reflect the relative accuracy of the estimates and totals may not add correctly.