Kiaka Gold Project
Table 4: Kiaka Gold Project - Mineral Reserve Statement as at July 2012
Mineral Reserves* | Tonnes (Mt) |
Diluted Grade (g/t) |
Contained Gold (Koz) |
---|---|---|---|
Proven | 34.38 | 1.04 | 1,146 |
Probable | 91.70 | 0.93 | 2,742 |
Total (Proven & Probable) | 126.08 | 0.96 | 3,888 |
Total Wasted Mine | 372.52 | ||
Strip Ratio | 2.95 |
Note: The Mineral Reserve Statement is based on work completed by independent consultants (Tetra Tech UK) in July 2012. The reserves assume a cut-off grade of 0.4g/t gold, mining recovery of 97, dilution of 5% and $1,372 selling price for gold.