Resource Information - Alkane Resources Ltd
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Tomingley Gold Project – Mineral Resources (as at 30 June 2019)

These Mineral Resources are wholly inclusive of Ore Reserves.

Deposit Measured Indicated Inferred Total Total Gold
Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade
(Kt) (g/t Au) (Kt) (g/t Au) (Kt) (g/t Au) (Kt) (g/t Au) (Koz)
Open Pittable Resources (cut off 0.50g/t Au)
Wyoming One 184 1.5 982 1.7 137 0.7 1,303 1.6 60
Wyoming Three 86 2.0 16 1.3 33 1.4 135 1.7 8
Caloma 895 1.6 1,016 1.2 824 1.2 2,735 1.3 116
Caloma Two 64 2.3 812 2.0 26 1.4 902 2.0 58
Sub Total 1,229 1.6 2,826 1.6 1,020 1.2 5,075 1.5 242
Underground Resources (cut off 2.50g/t Au)
Wyoming One 0 0.0 787 4.0 109 3.2 896 3.9 113
Wyoming Three 10 3.6 6 3.1 4 3.1 20 3.4 2
Caloma 78 3.8 32 3.4 44 3.0 154 3.5 17
Caloma Two 0.0 218 3.6 76 3.2 294 3.5 33
Sub Total 88 3.8 1,043 3.9 233 3.2 1,394 3.8 165
Total 1,317 1.8 3,869 2.2 1,253 1.5 6,439 2.0 407
*apparent arithmetic inconsistencies are due to rounding

Released in 2019 Annual Report. More details are available in that report.

 

Tomingley Gold Project – Ore Reserves (as at 30 June 2019)

Deposit Proved Probable Total Total Gold
Tonnage Grade Tonnage Grade Tonnage Grade
(Kt) (g/t Au) (Kt) (g/t Au) (Kt) (g/t Au) (Koz)
Open Pittable Reserves (cut off 0.50g/t Au)
Wyoming One 0 0.0 0 0.0 0 0.0 0
Wyoming Three 0 0.0 0 0.0 0 0.0 0
Caloma 0 0.0 0 0.0 0 0.0 0
Caloma Two 0 0.0 0 0.0 0 0.0 0
Stockpiles 677 0.7 0 0 677 0.7 15
Sub Total 677 0.7 0 1.7 677 0.7 15
Underground Reserves (cut off 2.50g/t Au)
TGO underground 45 2.7 688 3.2 732 3.1 74
Sub Total 45 2.7 688 3.2 732 3.1 74
Total 722 1.8 688 1.9 1,409 2.0 89
*apparent arithmetic inconsistencies are due to rounding

Released in 2019 Annual Report. More details are available in that report.

These Mineral Resource estimates are based on, and fairly represent, information which has been compiled by Mr Craig Pridmore, Geology Superintendent of Tomingley Gold Operations, who is a Member of the Australasian Institute of Mining and Metallurgy and an employee of Alkane Resources Ltd. Mr Pridmore has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being undertaken 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 Pridmore consented to the inclusion in the report of the matters based on his information in the form and context in which they appear.

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