Resource Information - Alkane Resources Ltd
Level 12, 37 Bligh Street +61 2 8233 6168 contact@irmau.com

Tomingley Gold Operations Mineral Resources and Ore Reserves – 30 June 2020

The following tables detail the Mineral Resources and Ore Reserves for TGO (excluding the Roswell and San Antonio deposits) as at 30 June 2020.

TGO Mineral Resources (as at 30 June 2020)

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 624 1.8 428 1.3 107 0.7 1,159 1.5 57
Wyoming Three 86 2.0 16 1.3 33 1.4 135 1.7 8
Caloma 897 1.6 1,016 1.2 824 1.2 2,719 1.3 115
Caloma Two 64 2.3 812 2.0 26 1.4 902 2.0 58
Sub Total 1,653 1.6 2,272 1.6 990 1.2 4,915 1.5 238
Underground Resources (cut off 1.3g/t Au)
Wyoming One 664 2.8 1,390 2.9 427 2.8 2,481 2.9 228
Wyoming Three 46 2.2 24 2.0 20 1.9 90 2.1 6
Caloma 158 2.6 129 2.0 465 1.9 752 2.0 50
Caloma Two 0.0 785 2.4 426 2.0 1,211 2.3 88
Sub Total 868 2.8 2,328 2.7 1,338 2.2 4,534 2.6 372
Total 2,521 1.8 4,600 2.2 2,328 1.5 9,449 1.9 610
*apparent arithmetic inconsistencies are due to rounding

TGO Ore Reserves (as at 30 June 2020)

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 450 1.7 119 1.2 569 1.6 30
Caloma Two 0 0.0 0 0.0 0 0.0 0
Stockpiles 207 0.8 0 0 207 0.8 6
Sub Total 657 1.1 119 1.2 776 1.4 36
Underground Reserves (cut off 1.3g/t Au)
TGO underground 573 1.9 1,618 2.0 2,191 2.0 140
Sub Total 573 1.9 1,618 2.0 2,191 2.0 140
Total 1,230 1.8 1,737 1.9 2,967 1.8 176
*apparent arithmetic inconsistencies are due to rounding

These Mineral Resources and Ore Reserves were reported to the ASX on 18 August 2020 in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012). Any differences to those tables are corrections to typographical errors; the assumptions and parameters detailed in that report are unchanged. Mineral Resources are wholly inclusive of Ore Reserves.


Competent Persons

The TGO Mineral Resource estimates is based on, and fairly represents, information which has been compiled by Mr Craig Pridmore, Geology Manager 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 JORC 2012.

The TGO Open Pit Ore Reserve estimate is based on, and fairly represents, information which has been compiled by Mr John Millbank (Proactive Mining Solutions), an independent consultant, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Millbank 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 JORC 2012.

The TGO Underground Ore Reserve estimate is based on, and fairly represents, information which has been compiled by Mr Christopher Hiller (Hiller Enterprises Pty Ltd), an independent consultant, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Hiller 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 JORC 2012.