Resource and Reserves
The Redcliffe Gold Project was updated in June 2018 following a sustained drillout period.
The global resource base is 12.5Mt @ 1.34g/t Au for 537.9koz of gold using a 0.5g/t Au lower cut-off. The resource consists of seven separate deposits, most of which remain open at depth and strike.
JORC Resource at 0.5g/t lower cut off
JORC Resource at 1.0g/t lower cut off
Notes to the Resource:
1. Totals may differ due to rounding, Mineral Resources reported on a dry in‐situ basis.
2. The Statement of estimates of Mineral Resources has been compiled by Mr Andrew Bewsher who is a full‐time employee of BMGS and a Member of the AIG. Mr Bewsher has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he has undertaken to qualify as a Competent Person as defined in the JORC Code (2012).
3. All Mineral Resources figures reported in the table above represent estimates at 1st June 2018. Mineral Resource estimates are not precise calculations, being dependent on the interpretation of limited information on the location, shape and continuity of the occurrence and on the available sampling results. The totals contained in the above table have been rounded to reflect the relative uncertainty of the estimate. Rounding may cause some computational discrepancies.
4. Mineral Resources are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The Joint Ore Reserves Committee Code – JORC 2012 Edition).