PARYS MOUNTAIN RESOURCE ESTIMATE...2012/11/28 · Parys Mountain Project 3 November 2012 Table 1.2:...
Transcript of PARYS MOUNTAIN RESOURCE ESTIMATE...2012/11/28 · Parys Mountain Project 3 November 2012 Table 1.2:...
Micon International Co Limited. Suite 10, Keswick Hall, Keswick, Norwich, Norfolk, U.K., NR4 6TJ Telephone (44) (1603)-501501 Fax (44) (1603)-507007 E-mail [email protected]. Registered no. 4026319, England.
28th November 2012
Anglesey Mining PLC
Parys Mountain
Amlwch
Anglesey
LL68 9RE
Dear Sirs,
The following is a summary of Micon’s Parys Mountain mineral resource estimate.
PARYS MOUNTAIN RESOURCE ESTIMATE
The database used to estimate the mineral resources of the 2012 Parys Mountain block model contains
359 diamond drilling holes (75,613.37 m). The database contains assay information for copper, lead,
zinc, silver and gold and geologic information.
SPECIFIC GRAVITY
For the purpose of this resource estimation, density values were calculated from the regression
formula detailed in the report “An Independent Review of the Geological Reserves at Parys Mountain,
Anglesey, Wales (Emberton J ,1990)”. This density regression formula is:
Regressed Bulk Density = (Zn + Pb + Cu) x 0.0297 + 2.7629
Figure 1.1: Graph Detailing Specific Gravity Regression Analysis (source Emberton J, 1990)
MINERALISED WIREFRAMES
Mineralised envelopes were defined in 4 areas of the deposit: the Engine Zone, the White Rock Zone,
the Deep Engine Zone and the Garth Daniel Zone. These wireframes are displayed in Figure 1.2.
Parys Mountain Project 2 November 2012
Figure 1.2: Isometric View of the Parys Mountain Deposit
STATISTICAL ANALYSIS
Basic Statistics
The sample data within the wireframes were flagged in the drillhole database. Basic statistical
parameters were calculated for copper, lead, zinc, silver and gold inside the wireframes and these are
provided in Tables 1.1 to 1.5.
Table 1.1: Basic Statistical Parameters for the Engine Zone
Parameters Cu
(%)
Pb
(%)
Zn
(%)
Ag
(g/t)
Au
(g/t)
Number of Samples 582 582 582 582 582
Minimum 0.005 0.0025 0.005 0.005 0.005
Maximum 13.80 17.00 35.50 1700.00 11.30
Mean 1.10 2.48 4.81 88.25 0.74
Length Weighted Mean 1.06 2.44 4.65 92.69 0.78
Median 0.43 1.30 2.40 40.00 0.32
Standard Deviation 1.74 3.17 6.06 151.94 1.25
Coefficient of Variation 1.58 1.28 1.26 1.72 1.69
Parys Mountain Project 3 November 2012
Table 1.2: Basic Statistical Parameters for the White Rock Zone
Parameters Cu
(%)
Pb
(%)
Zn
(%)
Ag
(g/t)
Au
(g/t)
Number of Samples 1529 1529 1529 1529 1529
Minimum 0.005 0.0025 0.01 0.005 0.005
Maximum 2.00 14.13 25.65 449.23 7.80
Mean 0.25 1.24 2.27 22.47 0.35
Length Weighted Mean 0.23 1.08 2.05 21.49 0.31
Median 0.17 0.53 1.13 14.00 0.22
Standard Deviation 0.28 1.87 3.26 30.29 0.57
Coefficient of Variation 1.12 1.50 1.44 1.35 1.65
Table 1.3: Basic Statistical Parameters for the Deep Engine Zone
Parameters Cu
(%)
Pb
(%)
Zn
(%)
Ag
(g/t)
Au
(g/t)
Number of Samples 23 23 23 23 23
Minimum 0.03 0.02 0.09 1 0.01
Maximum 11.90 12.80 20.10 83.00 0.70
Mean 1.73 1.53 4.88 19.04 0.21
Length Weighted Mean 1.87 1.58 3.77 21.20 0.23
Median 0.55 0.24 2.98 17.00 0.10
Standard Deviation 2.68 2.93 5.27 18.22 0.21
Coefficient of Variation 1.55 1.92 1.08 0.96 1.04
Table 1.4: Basic Statistical Parameters for the Garth Daniel Zone
Parameters Cu
(%)
Pb
(%)
Zn
(%)
Ag
(g/t)
Au
(g/t)
Number of Samples 18 18 18 18 18
Minimum 0.11 0.0025 0.02 0.005 0.005
Maximum 6.48 12.71 22.27 1000.00 0.87
Mean 2.07 3.02 5.97 119.50 0.16
Length Weighted Mean 1.74 2.51 5.11 92.87 0.14
Median 0.97 0.60 1.43 0.01 0.01
Standard Deviation 2.20 4.58 8.50 284.14 0.28
Coefficient of Variation 1.06 1.51 1.42 2.38 1.76
Parys Mountain Project 4 November 2012
Table 1.5: Basic Statistical Parameters for the Northern Copper Zone
Parameters Cu
(%)
Pb
(%)
Zn
(%)
Ag
(g/t)
Au
(g/t)
Number of Samples 304 304 304 304 304
Minimum 0.01 0.003 0.005 0.005 0.005
Maximum 13.26 9.3 19 121 39
Mean 1.18 0.35 0.61 5.38 0.71
Length Weighted Mean 1.15 0.29 0.51 4.92 0.55
Median 0.98 0.02 0.03 3 0.005
Standard Deviation 1.10 1.21 2.19 10.24 3.47
Coefficient of Variation 0.94 3.42 3.60 1.90 4.85
Top-Cutting of Outliers
The frequency distributions of the copper, lead, zinc, silver and gold sample populations were
examined to identify the presence of extreme high-grade outlier populations for the Engine Zone,
White Rock Zone and Northern Copper Zone. There was not sufficient data to conduct an outlier
study on the Deep Engine Zone and the Garth Daniel Zone. As these two zones are really high grade,
the top-cutting values identified for the Engine Zone were applied on their samples.
Outlier values may result from sampling errors and can exert an undue influence during block grade
interpolation. They can result in over-estimation of block grades and lead to poor reconciliation of
expected and actual metal production. The methodology employed for establishing the outlier limit
was to examine the distribution of the sample population. Log-probability plots of the distribution of
sample values were generated and are presented in Figures 1.3 to 1.17.
Figure 1.3: Log-Probability Plot of Copper Assays for the Engine Zone
Parys Mountain Project 5 November 2012
Figure 1.4: Log-Probability Plot of Lead Assays for the Engine Zone
Figure 1.5: Log-Probability Plot of Zinc Assays for the Engine Zone
Parys Mountain Project 6 November 2012
Figure 1.6: Log-Probability Plot of Silver Assays for the Engine Zone
Figure 1.7: Log-Probability Plot of Gold Assays for the Engine Zone
Parys Mountain Project 7 November 2012
Figure 1.8: Log-Probability Plot of Copper Assays for the White Rock Zone
Figure 1.9: Log-Probability Plot of Lead Assays for the White Rock Zone
Parys Mountain Project 8 November 2012
Figure 1.10: Log-Probability Plot of Zinc Assays for the White Rock Zone
Figure 1.11: Log-Probability Plot of Silver Assays for White Rock Zone
Parys Mountain Project 9 November 2012
Figure 1.12: Log-Probability Plot of Gold Assays for the White Rock Zone
Figure 1.13: Log-Probability Plot of Copper Assays for the Northern Copper Zone
Parys Mountain Project 10 November 2012
Figure 1.14: Log-Probability Plot of Lead Assays for the Northern Copper Zone
Figure 1.15: Log-Probability Plot of Zinc Assays for the Northern Copper Zone
Parys Mountain Project 11 November 2012
Figure 1.16: Log-Probability Plot of Silver Assays for the Northern Copper Zone
Figure 1.17: Log-Probability Plot of Silver Assays for the Northern Copper Zone
Parys Mountain Project 12 November 2012
The selection of outlier values is based on the deviation of the grade distribution from a straight line
in the probability plot. Based on the plots Micon identified samples as outliers and the top-cutting
values are summarised in Table 1.6.
Table 1.6: Top-Cutting Parameters for the Parys Mountain Deposit
Zone Element
Top-Cut
Grade (g/t or
%)
Engine
Zone
Ag 570
Au 5.5
Cu 6.8
Pb 12
Zn 22
White
Rock
Ag 230
Au 4.2
Cu N/A
Pb 12
Zn 22
Northern
Copper
Zone
Ag 44
Au 9
Cu 4.13
Pb 7.85
Zn 10.2
Basic statistical parameters were calculated after reducing the grades (Tables 1.7 to 1.11).
Table 1.7: Basic Statistical Parameters of Top-Cut Assay Data for the Engine Zone
Parameters Cu
(%)
Pb
(%)
Zn
(%)
Ag
(g/t)
Au
(g/t)
Number of Samples 582 582 582 582 582
Minimum 0.005 0.0025 0.005 0.005 0.005
Maximum 6.80 12.00 22.00 570.00 5.50
Mean 1.05 2.43 4.72 82.30 0.70
Length Weighted Mean 1.01 2.40 4.59 87.23 0.74
Median 0.43 1.30 2.40 40.00 0.32
Standard Deviation 1.51 2.98 5.76 115.27 1.02
Coefficient of Variation 1.43 1.23 1.22 1.40 1.46
Parys Mountain Project 13 November 2012
Table 1.8: Basic Statistical Parameters of Top-Cut Assay Data for the White Rock Zone
Parameters Cu (%) Pb (%) Zn (%) Ag (g/t) Au (g/t)
Number of Samples 1529 1529 1529 1528 1529
Minimum 0.005 0.0025 0.01 0.005 0.005
Maximum 2.00 12.00 22.00 230.00 4.20
Mean 0.25 1.24 2.26 22.17 0.34
Length Weighted Mean 0.23 1.08 2.04 21.21 0.31
Median 0.17 0.53 1.13 14.00 0.22
Standard Deviation 0.28 1.84 3.21 26.98 0.53
Coefficient of Variation 1.12 1.49 1.42 1.22 1.54
Table 1.9: Basic Statistical Parameters of Top-Cut Assay Data for the Deep Engine Zone
Parameters Cu (%) Pb (%) Zn (%) Ag (g/t) Au (g/t)
Number of Samples 23 23 23 23 23
Minimum 0.03 0.02 0.09 1 0.01
Maximum 6.80 12.00 20.10 83.00 0.70
Mean 1.51 1.49 4.88 19.04 0.21
Length Weighted Mean 1.66 1.53 3.77 21.20 0.23
Median 0.55 0.24 2.98 17.00 0.10
Standard Deviation 1.90 2.80 5.27 18.22 0.21
Coefficient of Variation 1.26 1.87 1.08 0.96 1.04
Table 1.10: Basic Statistical Parameters of Top-Cut Assay Data for the Garth Daniel Zone
Parameters Cu (%) Pb (%) Zn (%) Ag (g/t) Au (g/t)
Number of Samples 18 18 18 18 18
Minimum 0.11 0.0025 0.02 0.005 0.005
Maximum 6.48 12.00 22.00 570.00 0.87
Mean 2.07 2.99 5.94 84.34 0.16
Length Weighted Mean 1.74 2.48 5.08 65.95 0.14
Median 0.97 0.60 1.43 0.01 0.01
Standard Deviation 2.20 4.49 8.44 180.49 0.28
Coefficient of Variation 1.06 1.50 1.42 2.14 1.76
Table 1.11: Basic Statistical Parameters of Top-Cut Assay Data for the Northern Copper Zone
Parameters Cu (%) Pb (%) Zn (%) Ag (g/t) Au (g/t)
Number of Samples 304 304 304 304 304
Minimum 0.01 0.00 0.01 0.01 0.01
Maximum 4.13 7.85 10.20 44.00 9.00
Mean 1.14 0.35 0.54 5.05 0.46
Length Weighted Mean 1.11 0.29 0.47 4.64 0.35
Median 0.98 0.02 0.03 3.00 0.01
Standard Deviation 0.84 1.16 1.76 7.61 1.77
Coefficient of Variation 0.74 3.36 3.24 1.51 3.87
Parys Mountain Project 14 November 2012
Compositing
In the database the sample length is variable with a minimum of 0.2 m and a maximum of 9.2 m.
Considering the distribution of the sample length, Micon decided to composite the samples of the
Engine Zone, Deep Engine Zone, White Rock Zone and Garth Daniel Zone to 2 m, the most frequent
length. The samples of the Northern Copper Zone had a most frequent length of 1.5 m, which was
used as the composite length for this area.
The composites were made using a best-fit algorithm that allowed the composite length to be varied
within a given tolerance of 0.4 m, in order to minimise the loss of data, but maintain a consistent
composite length.
Basic statistical parameters for composited data for the different zones are presented in Tables 1.12 to
1.16.
Table 1.12: Basic Statistical Parameters for Composited Data for the Engine Zone
Parameters Cu (%) Pb (%) Zn (%) Ag (g/t) Au (g/t)
Number of Samples 387 387 387 387 387
Minimum 0.005 0.0025 0.008 0.005 0.005
Maximum 6.80 12.00 20.50 570.00 5.38
Mean 0.99 2.43 4.61 88.49 0.76
Median 0.59 1.60 2.89 58.61 0.44
Standard Deviation 0.06 0.13 0.24 5.12 0.05
Coefficient of Variation 1.22 1.02 1.02 1.14 1.19
Table 1.13: Basic Statistical Parameters for Composited Data for the White Rock Zone
Parameters Cu (%) Pb (%) Zn (%) Ag (g/t) Au (g/t)
Number of Samples 1288 1288 1288 1288 1288
Minimum 0.005 0.0069 0.0159 0.005 0.005
Maximum 1.94 12.00 21.99 230.00 4.20
Mean 0.23 1.08 2.05 21.22 0.31
Median 0.17 0.57 1.18 15.00 0.20
Standard Deviation 0.23 1.51 2.70 22.61 0.45
Coefficient of Variation 0.97 1.39 1.32 1.07 1.44
Table 1.14: Basic Statistical Parameters for Composited Data for the Deep Engine Zone
Parameters Cu (%) Pb (%) Zn (%) Ag (g/t) Au (g/t)
Number of Samples 14 14 14 14 14
Minimum 0.0786 0.099 0.5829 5.2903 0.01
Maximum 4.49 10.30 9.95 58.18 0.62
Mean 1.71 1.65 3.91 21.82 0.23
Median 0.60 0.89 3.20 20.94 0.18
Standard Deviation 1.76 2.60 2.47 14.72 0.16
Coefficient of Variation 1.03 1.57 0.63 0.67 0.70
Parys Mountain Project 15 November 2012
Table 1.15: Basic Statistical Parameters for Composited Data for the Garth Daniel Zone
Parameters Cu (%) Pb (%) Zn (%) Ag (g/t) Au (g/t)
Number of Samples 15 15 15 15 15
Minimum 0.1407 0.0031 0.03 0.005 0.005
Maximum 6.39 11.75 22.00 570.00 0.82
Mean 1.78 2.57 5.27 71.31 0.13
Median 1.32 1.30 3.36 0.01 0.01
Standard Deviation 1.80 3.71 6.99 153.92 0.24
Coefficient of Variation 1.01 1.44 1.33 2.16 1.83
Table 1.16: Basic Statistical Parameters for Composited Data for the Northern Copper Zone
Parameters Cu (%) Pb (%) Zn (%) Ag (g/t) Au (g/t)
Number of Samples 344 344 344 344 344
Minimum 0.01 0.00 0.01 0.01 0.01
Maximum 4.13 6.85 10.20 39.07 9.00
Mean 1.11 0.29 0.47 4.63 0.34
Median 0.96 0.02 0.04 3.00 0.01
Standard Deviation 0.75 0.89 1.36 6.43 1.46
Coefficient of Variation 0.67 3.11 2.92 1.39 4.26
The length-weighted average grade of the top-cut samples and the average of the composite samples
for each element are the same or very close, which confirms that there is no change in average grade
due to compositing.
VARIOGRAPHY
Assay composites were compiled in order to analyse variography. Variography was conducted for the
Engine Zone and for the White Rock Zone.
Downhole variograms were drawn to estimate the nugget effect and then variograms were calculated
in 3D to identify the plane of greatest continuity. A fan of variograms within the plane of greatest
continuity was then calculated to identify the direction of maximum continuity within the plane.
Models of the variograms in the direction of maximum continuity and the orthogonal directions were
then drawn for each element to be used during the consequent interpolation.
Examples of variograms are displayed in the following Figures: a downhole variogram for copper for
the White Rock Zone in Figure 1.18, and a major, a semi-major and a minor variograms for copper in
the Engine Zone in Figure 1.19 to 1.21.
Parys Mountain Project 16 November 2012
Figure 1.18: Downhole Variogram for Copper - White Rock Zone
Figure 1.19: Major Variogram for Copper – Engine Zone
Figure 1.20: Semi-Major Variogram for Copper – Engine Zone
Parys Mountain Project 17 November 2012
Figure 1.21: Minor Variogram for Copper – Engine Zone
The summary of the variogram parameters identified during the variography study are shown in
Tables 1.17 and 1.18.
Table 1.17: Variography Parameters for the Engine Zone
Element
/
Zone
Structure Sill Relative
Variance Range
Bearing Plunge Dip
Major/
Semi-
Major
Major/
Minor
Cu EZ
Nugget 0.248 16.9%
20 -40 0 1.3 8.2 Structure 1 1.22 83.1% 57
Total Sill 1.468
Pb EZ
Nugget 2.59 41.7%
20 -40 0 1 8.3 Structure 1 3.62 58.3% 38
Total Sill 6.21
Zn EZ
Nugget 9.1 41.0%
20 -40 0 1.8 2.1 Structure 1 13.08 59.0% 20
Total Sill 22.18
Ag EZ
Nugget 3659 35.3%
20 -40 0 1.1 2.8 Structure 1 6699 64.7% 22
Total Sill 1035
8
Au EZ
Nugget 0.42 50.0%
20 -40 90 1.5 2.1 Structure 1 0.42 50.0% 25
Total Sill 0.84
Parys Mountain Project 18 November 2012
Table 1.18: Summary of Variogram Models Parameters for the White Rock Zone
Element
/
Zone
Structure Sill Relative
Variance Range
Bearing Plunge Dip
Major/
Semi-
Major
Major/
Minor
Cu WR
Nugget 0.004
2 7.9%
205 -28 0 2.8 4 Structure 1 0.048
7 92.1% 52
Total Sill 0.052
9
Pb WR
Nugget 0.21 9.4%
205 -28 0 1.2 2.2 Structure 1 2.025 90.6% 45
Total Sill 2.235
Zn WR
Nugget 0.363 5.0%
205 -28 0 2.7 3.8 Structure 1 6.898 95.0% 56
Total Sill 7.261
Ag WR
Nugget 58 11.3%
205 -28 0 6.5 8.1 Structure 1 455 88.7% 52
Total Sill 513
Au WR
Nugget 0.019 8.8%
115 0 60 3.6 4.5 Structure 1 0.197 91.2% 35
Total Sill 0.216
BLOCK MODEL
The Parys Mountain block model utilised regular-shaped blocks measuring (X) 5 m by (Y) 5 m by (Z)
10 m, sub-blocked to a size of (X) 0.625 m by (Y) 0.625 m by (Z) 1.25 m . This block size was the
most appropriate considering the morphology of the mineralisation and the distribution of sample
information. The parameters that describe the block model are summarised in Table 1.19.
Table 1.19: Dimensions of the Parys Mountain Block Model
Block Model X direction Y direction Z direction
Origin 3,500 4,400 -700
Block Size 5 5 10
Number of Blocks 240 500 80
SEARCH ELLIPSE AND SELECTION OF NUMBER OF SAMPLES
The basic statistical analysis, combined with the variography and assay composites analysis has
indicated the appropriate method and parameters for block grade estimation. The details of the
parameters are given in Table 1.20. Multiple pass estimation procedures were used in order to
preserve the local variation of grades.
Parys Mountain Project 19 November 2012
Table 1.20: Summary of Estimation Parameters
Zone Engine Zone White Rock Zone
Deep Engine
Zone, Garth
Daniel Zone
Northern Copper
Zone
Elements Cu, Pb, Zn,
Ag Au
Cu, Pb, Zn,
Ag Au
Cu, Pb, Zn, Ag,
Au
Cu, Pb, Zn, Ag,
Au
Parameter Pass
1
Pass
2
Pass
1
Pass
2
Pass
1
Pass
2
Pass
1
Pass
2
Pass
1
Pass
2
Pass
1
Pass
2
Minimum Number of
Samples 8 1 8 1 6 1 6 1 2 2 8 1
Minimum Number of
Samples 16 16 16 16 16 16 16 16 10 10 16 16
Maximum Number of
Samples per Drill Hole 7
7
5
5
7
Search Distance Major
Axis (m) 60 120 25 100 60 150 35 140 80 160 100 200
Search Distance Semi-
Major Axis (m) 78 156 37.5 150 90 225 126 210 160 160 100 200
Search Distance Minor
Axis (m) 360 720 52.5 210 180 450 158 210 160 320 5 50
Bearing (°) 20 20 205 115 90 260
Plunge (°) -40 -40 -28 0 0 -45
Dip (°) 0 90 0 60 0 -7
GRADE INTERPOLATION
Grade interpolation was performed using Ordinary Kriging (OK) for copper, lead, zinc, silver and
gold for the Engine Zone and the White Rock Zone. For the Deep Engine Zone, Northern Copper
Zone and the Garth Daniel Zone an ID squared (ID2) procedure was applied to interpolate the copper,
lead, zinc, silver and gold data. Each solid was estimated only by the composites included inside it.
BLOCK MODEL VALIDATION
The resource model was validated using the following methods:
i. Declustering of the drill hole composites;
ii. Comparison of composite data and blocks average grade by wireframes; and,
iii. Comparison of composite data and blocks average grade by section.
The drill hole composite file was declustered to the block size of (X) 5 m by (Y) 5 m by (Z) 10 m and
the declustered grades were then plotted against the estimated grades from the block model. The
corresponding plots for the Engine Zone and the White Rock Zone are shown in Figures 1.22 to 1.31.
The declustering analysis provides a comparison of local block grade estimates and the composites
that occur within the block. The figures indicate that the local grade estimates compare well with
local composite data.
Parys Mountain Project 20 November 2012
Figure 1.22: Comparison of Block Grades with Declustered Copper Composites for the
Engine Zone
Figure 1.23: Comparison of Block Grades with Declustered Lead Composites for the
Engine Zone
Parys Mountain Project 21 November 2012
Figure 1.24: Comparison of Block Grades with Declustered Zinc Composites for the
Engine Zone
Figure 1.25: Comparison of Block Grades with Declustered Silver Composites for the
Engine Zone
Parys Mountain Project 22 November 2012
Figure 1.26: Comparison of Block Grades with Declustered Gold Composites for the
Engine Zone
Figure 1.27: Comparison of Block Grades with Declustered Copper Composites for the
White Rock Zone
Parys Mountain Project 23 November 2012
Figure 1.28: Comparison of Block Grades with Declustered Lead Composites for the
White Rock Zone
Figure 1.29: Comparison of Block Grades with Declustered Zinc Composites for the
White Rock Zone
Parys Mountain Project 24 November 2012
Figure 1.30: Comparison of Block Grades with Declustered Silver Composites for the
White Rock Zone
Figure 1.31: Comparison of Block Grades with Declustered Gold Composites for the
White Rock Zone
Parys Mountain Project 25 November 2012
RESOURCE CLASSIFICATION
During the block modelling process, blocks that were assigned values on the first search were defined
as Indicated Mineral Resources. The remaining portion of the mineralised zone, which was estimated
using a secondary search ellipse, was assigned to the Inferred Mineral Resource Category (see Table
4.20 for the search criteria).
The block model classified by Mineral Resource Category is displayed in Figure 1.32.
Figure 1.32: Mineral Resource Categories for the Parys Mountain Block Model
(Green: Indicated Mineral Resources, Red: Inferred Mineral Resources)
MINERAL RESOURCES
A mineral resource estimate was made based on a suite of metal prices. These metal prices were
assigned to each block and the sum of the products of these prices and the various block grades
produced a single Gross Metal Product Value (“GMPV”) value for each block. Micon reported the
mineral resources by category following the guidelines of the JORC Code, for a range of GMPV cut-
off values from $0 per tonne to $200 per tonne.
The Gross Metal Product Value (GMPV) was calculated from the following formula using the metal
prices displayed in Table 1.21 and a recovery of 65%.
GMPV=[(Cu*22.046*3.5)+(Pb*22.046*1.0)+(Zn*22.046*0.9)+(Ag*33/31.1035)+(Au*1700/31.1035)]*0.65
Parys Mountain Project 26 November 2012
Table 1.21: Metal Prices used for the GMPV Calculation
Element Cu
(USD/lb)
Pb
(USD/lb)
Zn
(USD/lb)
Ag
(USD/oz)
Au
(USD/oz)
Price 3.5 1.0 0.9 33 1700
Mineral Resources were calculated based on GMPV cut-off grades, at 18, 26, 35, 44, 53, 60, 80, 100,
120, 140, 160, 180 and 200 GMPV. Mineral Resources are summarised in Table 1.22, and detailed
by 40 m vertical sections in Tables 1.23 to 1.37.
Please do not hesitate to contact me to discuss any of aspect of the issues raised in this letter.
Yours faithfully
Stanley C. Bartlett, PGeo.
Managing Director
Micon International Co Limited
Parys Mountain Project 27 November 2012
Table 1.22: Parys Mountain Mineral Resources estimate at US$80 per tonne GMPV Cut-Off (28.11.2012)
Zone Category Tonnes Cu
(%)
Pb
(%)
Zn
(%)
Ag
(g/t)
Au
(g/t) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Engine Indicated 489,000 1.38 2.61 4.99 92.8 0.5 254 6,730 12,800 24,400 1,460,000 8,280
Inferred 121,000 1.74 3.42 6.74 70.0 0.5 290 2,100 4,130 8,130 271,000 2,010
Deep Engine Inferred 618,000 1.95 1.90 4.22 23.0 0.2 202 4,020 3,910 8,690 150,000 1,280
White Rock Indicated 1,625,000 0.34 2.05 3.84 32.5 0.5 134 5,530 33,300 62,400 1,700,000 23,400
Inferred 534,000 0.38 1.93 4.04 41.1 0.4 140 2,050 10,300 21,600 706,000 6,180
Garth Daniel Inferred 299,000 2.06 3.07 6.43 75.0 0.2 287 1,990 2,970 6,210 233,000 485
Northern Inferred 2,542,000 1.48 0.56 0.94 6.0 0.4 112 13,200 4,980 8,340 173,000 11,100
Total Indicated 2,114,000 0.58 2.18 4.11 46.0 0.5 162 39,400 148,000 279,000 3,130,000 34,000
Inferred 4,114,000 1.46 1.20 2.40 20.0 0.3 147 193,000 159,000 317,000 2,650,000 39,700
Parys Mountain Project 28 November 2012
Table 1.23: Mineral Resources for Parys Mountain at US$0 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 45,836 134,814 0.38 2.12 3.78 37.71 0.65 147.2 509 2,858 5,091 163,430 2,831
Inferred 102,180 297,761 0.34 1.70 3.17 37.67 0.44 123.7 1,005 5,071 9,431 360,602 4,177
-40.00 -80.00 Indicated 211,805 618,021 0.29 1.77 3.28 32.12 0.38 117.8 1,776 10,962 20,269 638,139 7,586
Inferred 72,304 209,090 0.31 1.39 2.74 31.92 0.34 104.8 638 2,902 5,738 214,582 2,306
-80.00 -120.00 Indicated 286,214 822,701 0.21 1.36 2.30 24.76 0.13 81.5 1,746 11,195 18,948 654,897 3,417
Inferred 82,501 234,758 0.28 0.90 1.64 18.18 0.04 62.3 663 2,107 3,858 137,248 324
-120.00 -160.00 Indicated 276,161 790,926 0.25 1.06 2.21 21.94 0.11 75.3 1,969 8,409 17,506 557,977 2,756
Inferred 66,410 188,012 0.15 0.73 1.44 20.38 0.03 51.6 281 1,376 2,712 123,187 159
-160.00 -200.00 Indicated 202,812 574,593 0.20 0.73 1.46 17.65 0.12 55.5 1,139 4,167 8,396 326,094 2,148
Inferred 137,455 388,146 0.21 0.59 1.26 15.63 0.07 48.4 808 2,280 4,906 195,018 875
-200.00 -240.00 Indicated 231,829 655,164 0.22 0.67 1.25 13.26 0.14 50.8 1,412 4,394 8,211 279,357 3,006
Inferred 88,591 249,512 0.20 0.54 1.07 12.34 0.17 46.3 508 1,335 2,666 98,992 1,392
-240.00 -280.00 Indicated 315,644 889,888 0.17 0.61 1.13 15.28 0.31 53.7 1,547 5,446 10,017 437,246 8,998
Inferred 27,472 77,610 0.17 0.75 1.18 9.10 0.18 47.0 132 580 914 22,696 445
-280.00 -320.00 Indicated 333,627 943,273 0.22 0.67 1.30 15.43 0.33 59.9 2,110 6,281 12,228 467,862 10,087
Inferred 12,483 35,500 0.20 0.65 1.89 19.45 0.41 72.1 73 232 669 22,199 472
-320.00 -360.00 Indicated 236,901 677,403 0.28 1.06 1.94 17.97 0.32 78.1 1,929 7,184 13,126 391,314 6,906
Inferred 39,006 113,251 0.31 1.18 3.28 27.45 0.38 106.9 345 1,333 3,712 99,966 1,387
-360.00 -400.00 Indicated 116,127 330,255 0.22 0.79 1.75 24.63 0.35 74.4 739 2,593 5,783 261,540 3,685
Inferred 21,972 64,779 0.33 1.91 4.05 54.04 0.32 144.5 212 1,236 2,623 112,551 665
-400.00 -440.00 Indicated 45,688 130,814 0.15 1.14 2.10 26.09 0.45 84.8 194 1,492 2,745 109,715 1,893
Inferred 5,449 15,506 0.14 0.90 1.76 28.02 0.43 77.2 21 140 273 13,970 215
Subtotal White Rock Zone Indicated 2,302,646 6,567,851 0.23 0.99 1.86 20.30 0.25 72.7 15,073 64,982 122,320 4,287,564 53,318
White Rock Zone Inferred 655,822 1,873,925 0.25 0.99 2.00 23.25 0.21 75.9 4,685 18,591 37,503 1,401,008 12,417
Total White Rock Zone 2,958,468 8,441,776 0.23 0.99 1.89 20.96 0.24 73.4 19,754 83,574 159,820 5,688,574 65,735
Parys Mountain Project 29 November 2012
Table 1.23: Mineral Resources for Parys Mountain at US$0 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 2,209 6,544 0.59 2.08 4.15 108.17 1.06 225.3 39 136 272 22,759 223
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 16,694 49,699 0.62 2.31 4.40 97.57 0.93 221.4 310 1,146 2,185 155,898 1,488
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 33,029 98,876 0.82 2.44 4.62 105.14 0.81 237.2 814 2,409 4,572 334,240 2,582
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 8,032 24,398 1.45 2.99 4.91 105.72 0.36 264.6 353 730 1,197 82,929 283
Inferred 4,592 13,605 0.88 2.05 3.89 79.04 0.46 194.6 120 279 529 34,572 200
-360.00 -400.00 Indicated 29,570 88,615 1.48 2.35 4.12 118.37 0.43 257.6 1,308 2,083 3,651 337,232 1,213
Inferred 3,820 11,229 1.38 1.57 3.00 58.87 0.34 183.5 155 176 337 21,255 124
-400.00 -440.00 Indicated 53,334 159,170 1.49 1.88 4.14 64.66 0.34 211.8 2,372 2,995 6,593 330,876 1,736
Inferred 2,044 6,237 1.66 2.40 5.71 36.44 0.36 229.5 104 150 356 7,307 72
-440.00 -480.00 Indicated 22,245 71,398 2.16 4.62 8.38 86.10 0.34 354.0 1,539 3,300 5,986 197,644 782
Inferred 13,019 40,972 1.78 3.81 7.54 68.38 0.35 300.9 730 1,561 3,088 90,080 465
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 165,507 499,938 1.35 2.57 4.91 91.22 0.52 249.3 6,762 12,846 24,543 1,466,205 8,339
Engine Zone Inferred 38,894 120,918 1.73 3.42 6.73 69.88 0.52 289.3 2,098 4,131 8,135 271,676 2,007
Total Engine Zone 204,401 620,856 1.43 2.73 5.26 87.06 0.52 257.1 8,859 16,977 32,678 1,737,880 10,346
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 206,729 620,321 1.95 1.90 4.21 22.55 0.19 201.5 4,024 3,918 8,701 149,906 1,284
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 139,386 418,935 1.63 2.25 4.72 53.92 0.12 216.3 2,275 3,141 6,575 241,650 518
Northern Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 5,598,914 15,724,510 1.10 0.17 0.28 4.86 0.09 67.6 61,454 9,322 15,722 874,790 16,111
Parys Mountain Project 30 November 2012
Table 1.24: Mineral Resources for Parys Mountain at US$18 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 45,836 134,814 0.38 2.12 3.78 37.71 0.65 147.2 509 2,858 5,091 163,430 2,831
Inferred 102,180 297,761 0.34 1.70 3.17 37.67 0.44 123.7 1,005 5,071 9,431 360,602 4,177
-40.00 -80.00 Indicated 211,805 618,021 0.29 1.77 3.28 32.12 0.38 117.8 1,776 10,962 20,269 638,139 7,586
Inferred 72,304 209,090 0.31 1.39 2.74 31.92 0.34 104.8 638 2,902 5,738 214,582 2,306
-80.00 -120.00 Indicated 286,214 822,701 0.21 1.36 2.30 24.76 0.13 81.5 1,746 11,195 18,948 654,897 3,417
Inferred 82,501 234,758 0.28 0.90 1.64 18.18 0.04 62.3 663 2,107 3,858 137,248 324
-120.00 -160.00 Indicated 274,571 786,517 0.25 1.07 2.22 22.01 0.11 75.6 1,968 8,402 17,499 556,675 2,754
Inferred 65,976 186,810 0.15 0.74 1.45 20.48 0.03 51.8 280 1,375 2,710 122,976 157
-160.00 -200.00 Indicated 201,461 570,841 0.20 0.73 1.47 17.71 0.12 55.7 1,137 4,163 8,385 324,972 2,147
Inferred 136,916 386,651 0.21 0.59 1.27 15.65 0.07 48.6 807 2,278 4,902 194,600 874
-200.00 -240.00 Indicated 231,366 653,874 0.22 0.67 1.25 13.28 0.14 50.9 1,411 4,390 8,205 279,139 3,004
Inferred 88,591 249,512 0.20 0.54 1.07 12.34 0.17 46.3 508 1,335 2,666 98,992 1,392
-240.00 -280.00 Indicated 312,899 882,282 0.17 0.62 1.13 15.37 0.32 54.1 1,543 5,439 10,006 435,844 8,961
Inferred 27,472 77,610 0.17 0.75 1.18 9.10 0.18 47.0 132 580 914 22,696 445
-280.00 -320.00 Indicated 328,620 929,377 0.23 0.67 1.31 15.59 0.34 60.6 2,097 6,265 12,200 465,745 10,049
Inferred 12,483 35,500 0.20 0.65 1.89 19.45 0.41 72.1 73 232 669 22,199 472
-320.00 -360.00 Indicated 236,901 677,403 0.28 1.06 1.94 17.97 0.32 78.1 1,929 7,184 13,126 391,314 6,906
Inferred 39,006 113,251 0.31 1.18 3.28 27.45 0.38 106.9 345 1,333 3,712 99,966 1,387
-360.00 -400.00 Indicated 116,127 330,255 0.22 0.79 1.75 24.63 0.35 74.4 739 2,593 5,783 261,540 3,685
Inferred 21,972 64,779 0.33 1.91 4.05 54.04 0.32 144.5 212 1,236 2,623 112,551 665
-400.00 -440.00 Indicated 45,688 130,814 0.15 1.14 2.10 26.09 0.45 84.8 194 1,492 2,745 109,715 1,893
Inferred 5,449 15,506 0.14 0.90 1.76 28.02 0.43 77.2 21 140 273 13,970 215
Subtotal White Rock Zone Indicated 2,291,490 6,536,899 0.23 0.99 1.87 20.37 0.25 73.0 15,048 64,944 122,260 4,281,397 53,235
White Rock Zone Inferred 654,850 1,871,228 0.25 0.99 2.00 23.28 0.21 76.0 4,684 18,589 37,496 1,400,381 12,411
Total White Rock Zone 2,946,340 8,408,127 0.23 0.99 1.90 21.02 0.24 73.6 19,734 83,535 159,754 5,681,794 65,663
Parys Mountain Project 31 November 2012
Table 1.24: Mineral Resources for Parys Mountain at US$18 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 2,209 6,544 0.59 2.08 4.15 108.17 1.06 225.3 39 136 272 22,759 223
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 16,694 49,699 0.62 2.31 4.40 97.57 0.93 221.4 310 1,146 2,185 155,898 1,488
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 33,029 98,876 0.82 2.44 4.62 105.14 0.81 237.2 814 2,409 4,572 334,240 2,582
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 8,032 24,398 1.45 2.99 4.91 105.72 0.36 264.6 353 730 1,197 82,929 283
Inferred 4,592 13,605 0.88 2.05 3.89 79.04 0.46 194.6 120 279 529 34,572 200
-360.00 -400.00 Indicated 29,570 88,615 1.48 2.35 4.12 118.37 0.43 257.6 1,308 2,083 3,651 337,232 1,213
Inferred 3,820 11,229 1.38 1.57 3.00 58.87 0.34 183.5 155 176 337 21,255 124
-400.00 -440.00 Indicated 53,334 159,170 1.49 1.88 4.14 64.66 0.34 211.8 2,372 2,995 6,593 330,876 1,736
Inferred 2,044 6,237 1.66 2.40 5.71 36.44 0.36 229.5 104 150 356 7,307 72
-440.00 -480.00 Indicated 22,245 71,398 2.16 4.62 8.38 86.10 0.34 354.0 1,539 3,300 5,986 197,644 782
Inferred 13,019 40,972 1.78 3.81 7.54 68.38 0.35 300.9 730 1,561 3,088 90,080 465
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 165,507 499,938 1.35 2.57 4.91 91.22 0.52 249.3 6,762 12,846 24,543 1,466,205 8,339
Engine Zone Inferred 38,894 120,918 1.73 3.42 6.73 69.88 0.52 289.3 2,098 4,131 8,135 271,676 2,007
Total Engine Zone 204,401 620,856 1.43 2.73 5.26 87.06 0.52 257.1 8,859 16,977 32,678 1,737,880 10,346
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 206,729 620,321 1.95 1.90 4.21 22.55 0.19 201.5 4,024 3,918 8,701 149,906 1,284
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 139,386 418,935 1.63 2.25 4.72 53.92 0.12 216.3 2,275 3,141 6,575 241,650 518
Northern Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 5,592,673 15,707,214 1.10 0.17 0.28 4.86 0.09 67.6 61,436 9,317 15,721 873,995 16,111
Parys Mountain Project 32 November 2012
Table 1.25: Mineral Resources for Parys Mountain at US$26 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 45,620 134,208 0.38 2.13 3.79 37.85 0.66 147.8 508 2,855 5,087 163,312 2,829
Inferred 102,176 297,750 0.34 1.70 3.17 37.67 0.44 123.7 1,005 5,071 9,431 360,599 4,177
-40.00 -80.00 Indicated 211,805 618,021 0.29 1.77 3.28 32.12 0.38 117.8 1,776 10,962 20,269 638,139 7,586
Inferred 72,304 209,090 0.31 1.39 2.74 31.92 0.34 104.8 638 2,902 5,738 214,582 2,306
-80.00 -120.00 Indicated 286,214 822,701 0.21 1.36 2.30 24.76 0.13 81.5 1,746 11,195 18,948 654,897 3,417
Inferred 81,990 233,333 0.28 0.90 1.65 18.24 0.04 62.5 662 2,102 3,851 136,850 322
-120.00 -160.00 Indicated 272,272 780,119 0.25 1.08 2.24 22.08 0.11 76.0 1,965 8,387 17,474 553,772 2,744
Inferred 65,527 185,558 0.15 0.74 1.46 20.55 0.03 52.0 279 1,372 2,703 122,583 155
-160.00 -200.00 Indicated 195,556 554,372 0.20 0.74 1.50 17.92 0.12 56.7 1,124 4,112 8,303 319,473 2,137
Inferred 134,831 380,832 0.21 0.59 1.28 15.74 0.07 48.9 801 2,256 4,876 192,718 873
-200.00 -240.00 Indicated 229,749 649,358 0.22 0.67 1.26 13.33 0.14 51.1 1,408 4,375 8,177 278,284 2,994
Inferred 88,353 248,846 0.20 0.54 1.07 12.36 0.17 46.4 508 1,332 2,661 98,921 1,391
-240.00 -280.00 Indicated 302,410 853,091 0.18 0.63 1.16 15.63 0.32 55.1 1,520 5,377 9,895 428,736 8,812
Inferred 27,472 77,610 0.17 0.75 1.18 9.10 0.18 47.0 132 580 914 22,696 445
-280.00 -320.00 Indicated 306,712 868,412 0.23 0.71 1.38 16.16 0.35 63.2 2,030 6,141 11,982 451,180 9,778
Inferred 12,414 35,307 0.21 0.66 1.89 19.51 0.41 72.3 73 232 669 22,149 471
-320.00 -360.00 Indicated 236,179 675,392 0.29 1.06 1.94 18.00 0.32 78.3 1,928 7,180 13,117 390,791 6,892
Inferred 38,979 113,175 0.31 1.18 3.28 27.47 0.38 107.0 345 1,333 3,712 99,946 1,386
-360.00 -400.00 Indicated 116,127 330,255 0.22 0.79 1.75 24.63 0.35 74.4 739 2,593 5,783 261,540 3,685
Inferred 21,972 64,779 0.33 1.91 4.05 54.04 0.32 144.5 212 1,236 2,623 112,551 665
-400.00 -440.00 Indicated 45,688 130,814 0.15 1.14 2.10 26.09 0.45 84.8 194 1,492 2,745 109,715 1,893
Inferred 5,449 15,506 0.14 0.90 1.76 28.02 0.43 77.2 21 140 273 13,970 215
Subtotal White Rock Zone Indicated 2,248,333 6,416,744 0.23 1.01 1.90 20.60 0.26 73.9 14,938 64,668 121,783 4,249,841 52,772
White Rock Zone Inferred 651,467 1,861,785 0.25 1.00 2.01 23.35 0.21 76.3 4,675 18,555 37,450 1,397,564 12,403
Total White Rock Zone 2,899,800 8,278,530 0.24 1.01 1.92 21.22 0.24 74.4 19,612 83,224 159,229 5,647,398 65,183
Parys Mountain Project 33 November 2012
Table 1.25: Mineral Resources for Parys Mountain at US$26 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Inferred 2,209 6,544 0.59 2.08 4.15 108.17 1.06 225.3 39 136 272 22,759 223
-240.00 -280.00 Indicated 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
Inferred 16,493 49,138 0.63 2.33 4.44 98.56 0.94 223.7 310 1,145 2,183 155,713 1,485
-280.00 -320.00 Indicated 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
Inferred 32,952 98,661 0.83 2.44 4.63 105.34 0.81 237.7 814 2,409 4,571 334,154 2,582
-320.00 -360.00 Indicated 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
Inferred 8,032 24,398 1.45 2.99 4.91 105.72 0.36 264.6 353 730 1,197 82,929 283
-360.00 -400.00 Indicated 4,592 13,605 0.88 2.05 3.89 79.04 0.46 194.6 120 279 529 34,572 200
Inferred 29,570 88,615 1.48 2.35 4.12 118.37 0.43 257.6 1,308 2,083 3,651 337,232 1,213
-400.00 -440.00 Indicated 3,820 11,229 1.38 1.57 3.00 58.87 0.34 183.5 155 176 337 21,255 124
Inferred 53,334 159,170 1.49 1.88 4.14 64.66 0.34 211.8 2,372 2,995 6,593 330,876 1,736
-440.00 -480.00 Indicated 2,044 6,237 1.66 2.40 5.71 36.44 0.36 229.5 104 150 356 7,307 72
Inferred 22,245 71,398 2.16 4.62 8.38 86.10 0.34 354.0 1,539 3,300 5,986 197,644 782
-480.00 -520.00 Indicated 13,019 40,972 1.78 3.81 7.54 68.38 0.35 300.9 730 1,561 3,088 90,080 465
Inferred 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Subtotal Engine Zone Indicated 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Engine Zone Inferred 165,228 499,162 1.35 2.57 4.92 91.34 0.52 249.7 6,761 12,845 24,540 1,465,933 8,336
Total Engine Zone 38,894 120,918 1.73 3.42 6.73 69.88 0.52 289.3 2,098 4,131 8,135 271,676 2,007
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 206,729 620,321 1.95 1.90 4.21 22.55 0.19 201.5 4,024 3,918 8,701 149,906 1,284
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 118,211 360,072 1.82 2.61 5.48 62.74 0.13 247.5 2,153 3,090 6,478 238,439 508
Northern Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 5,550,871 15,591,118 1.10 0.17 0.28 4.86 0.09 68.0 61,304 9,292 15,670 866,445 16,097
Parys Mountain Project 34 November 2012
Table 1.26: Mineral Resources for Parys Mountain at US$35 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 45,281 133,261 0.38 2.14 3.81 38.03 0.66 148.6 508 2,849 5,083 162,950 2,825
Inferred 101,788 296,666 0.34 1.71 3.18 37.76 0.44 124.0 1,004 5,065 9,425 360,165 4,173
-40.00 -80.00 Indicated 211,678 617,666 0.29 1.77 3.28 32.12 0.38 117.9 1,776 10,961 20,267 637,947 7,586
Inferred 72,304 209,090 0.31 1.39 2.74 31.92 0.34 104.8 638 2,902 5,738 214,582 2,306
-80.00 -120.00 Indicated 283,306 814,550 0.21 1.37 2.32 24.87 0.13 82.0 1,736 11,162 18,881 651,396 3,415
Inferred 80,470 229,075 0.29 0.91 1.67 18.37 0.04 63.1 654 2,088 3,820 135,261 315
-120.00 -160.00 Indicated 259,691 744,828 0.26 1.10 2.31 22.48 0.11 78.1 1,924 8,222 17,178 538,239 2,720
Inferred 58,420 165,637 0.16 0.78 1.53 21.12 0.03 54.2 258 1,290 2,537 112,470 142
-160.00 -200.00 Indicated 171,976 488,438 0.21 0.79 1.62 18.42 0.13 60.0 1,016 3,874 7,911 289,272 2,051
Inferred 115,707 327,294 0.21 0.62 1.39 16.34 0.08 51.6 702 2,029 4,541 171,907 839
-200.00 -240.00 Indicated 210,266 594,823 0.22 0.70 1.31 13.44 0.15 52.7 1,330 4,171 7,794 257,047 2,851
Inferred 83,193 234,387 0.21 0.54 1.09 12.55 0.18 47.2 486 1,271 2,553 94,570 1,349
-240.00 -280.00 Indicated 268,680 758,897 0.19 0.67 1.23 16.30 0.34 58.1 1,410 5,087 9,351 397,695 8,264
Inferred 27,323 77,193 0.17 0.75 1.18 9.09 0.18 47.1 131 579 912 22,550 442
-280.00 -320.00 Indicated 267,178 757,955 0.25 0.76 1.49 17.33 0.38 68.0 1,882 5,783 11,331 422,226 9,158
Inferred 10,162 29,029 0.23 0.75 2.19 21.73 0.44 81.0 66 218 636 20,282 409
-320.00 -360.00 Indicated 231,988 663,670 0.29 1.08 1.96 18.18 0.32 79.1 1,918 7,141 13,032 388,005 6,813
Inferred 38,563 112,012 0.31 1.19 3.31 27.69 0.38 107.7 344 1,329 3,702 99,724 1,380
-360.00 -400.00 Indicated 114,346 325,296 0.23 0.79 1.77 24.82 0.35 75.0 736 2,585 5,759 259,542 3,629
Inferred 21,786 64,261 0.33 1.92 4.08 54.39 0.32 145.5 211 1,235 2,621 112,369 658
-400.00 -440.00 Indicated 45,595 130,552 0.15 1.14 2.10 26.10 0.45 84.9 194 1,491 2,743 109,571 1,892
Inferred 5,449 15,506 0.14 0.90 1.76 28.02 0.43 77.2 21 140 273 13,970 215
Subtotal White Rock Zone Indicated 2,109,985 6,029,936 0.24 1.05 1.98 21.22 0.26 76.6 14,430 63,326 119,332 4,113,892 51,200
White Rock Zone Inferred 615,165 1,760,152 0.26 1.03 2.09 23.99 0.22 78.8 4,515 18,147 36,759 1,357,853 12,229
Total White Rock Zone 2,725,150 7,790,087 0.24 1.05 2.00 21.85 0.25 77.1 18,945 81,477 156,090 5,471,732 63,441
Parys Mountain Project 35 November 2012
Table 1.26: Mineral Resources for Parys Mountain at US$35 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 2,209 6,544 0.59 2.08 4.15 108.17 1.06 225.3 39 136 272 22,759 223
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 16,120 48,098 0.64 2.37 4.53 100.42 0.96 227.9 309 1,142 2,177 155,281 1,482
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 32,892 98,494 0.83 2.45 4.64 105.50 0.82 238.1 814 2,408 4,570 334,069 2,581
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 8,032 24,398 1.45 2.99 4.91 105.72 0.36 264.6 353 730 1,197 82,929 283
Inferred 4,592 13,605 0.88 2.05 3.89 79.04 0.46 194.6 120 279 529 34,572 200
-360.00 -400.00 Indicated 29,570 88,615 1.48 2.35 4.12 118.37 0.43 257.6 1,308 2,083 3,651 337,232 1,213
Inferred 3,820 11,229 1.38 1.57 3.00 58.87 0.34 183.5 155 176 337 21,255 124
-400.00 -440.00 Indicated 53,334 159,170 1.49 1.88 4.14 64.66 0.34 211.8 2,372 2,995 6,593 330,876 1,736
Inferred 2,044 6,237 1.66 2.40 5.71 36.44 0.36 229.5 104 150 356 7,307 72
-440.00 -480.00 Indicated 22,245 71,398 2.16 4.62 8.38 86.10 0.34 354.0 1,539 3,300 5,986 197,644 782
Inferred 13,019 40,972 1.78 3.81 7.54 68.38 0.35 300.9 730 1,561 3,088 90,080 465
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 164,795 497,954 1.36 2.58 4.93 91.53 0.52 250.2 6,760 12,841 24,533 1,465,413 8,331
Engine Zone Inferred 38,894 120,918 1.73 3.42 6.73 69.88 0.52 289.3 2,098 4,131 8,135 271,676 2,007
Total Engine Zone 203,689 618,872 1.43 2.74 5.28 87.30 0.52 257.8 8,858 16,972 32,668 1,737,088 10,339
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 206,729 620,321 1.95 1.90 4.21 22.55 0.19 201.5 4,024 3,918 8,701 149,906 1,284
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 114,548 349,879 1.86 2.69 5.64 64.55 0.14 253.9 2,129 3,080 6,457 237,733 506
Northern Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 5,482,841 15,401,833 1.11 0.17 0.28 4.87 0.09 68.4 60,953 9,261 15,599 859,087 15,971
Parys Mountain Project 36 November 2012
Table 1.27: Mineral Resources for Parys Mountain at US$44 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 44,025 129,734 0.39 2.18 3.90 38.75 0.67 151.5 502 2,826 5,058 161,645 2,805
Inferred 100,499 293,038 0.34 1.72 3.21 38.09 0.44 125.0 998 5,041 9,392 358,879 4,155
-40.00 -80.00 Indicated 211,677 617,664 0.29 1.77 3.28 32.12 0.38 117.9 1,776 10,961 20,267 637,947 7,586
Inferred 72,304 209,090 0.31 1.39 2.74 31.92 0.34 104.8 638 2,902 5,738 214,582 2,306
-80.00 -120.00 Indicated 253,087 729,436 0.22 1.47 2.46 25.90 0.14 86.8 1,615 10,710 17,915 607,435 3,361
Inferred 72,453 206,557 0.29 0.97 1.75 18.96 0.04 65.5 598 1,994 3,621 125,919 276
-120.00 -160.00 Indicated 214,699 618,241 0.28 1.23 2.56 23.90 0.13 85.9 1,748 7,577 15,839 475,131 2,616
Inferred 25,190 72,209 0.23 1.13 2.19 22.94 0.04 73.0 163 813 1,578 53,247 102
-160.00 -200.00 Indicated 128,079 365,322 0.20 0.93 1.89 19.36 0.16 67.0 738 3,413 6,916 227,437 1,880
Inferred 76,286 216,697 0.23 0.73 1.66 16.34 0.08 57.3 489 1,593 3,603 113,842 543
-200.00 -240.00 Indicated 129,435 367,974 0.22 0.87 1.62 14.91 0.17 60.5 806 3,193 5,967 176,410 1,954
Inferred 46,959 132,654 0.22 0.59 1.28 13.16 0.21 52.6 294 788 1,693 56,120 892
-240.00 -280.00 Indicated 207,967 588,969 0.19 0.76 1.39 17.62 0.36 63.3 1,139 4,454 8,195 333,664 6,739
Inferred 17,206 48,715 0.17 0.81 1.32 9.52 0.18 50.5 85 396 641 14,913 288
-280.00 -320.00 Indicated 223,337 635,041 0.26 0.83 1.63 18.65 0.41 73.6 1,678 5,258 10,372 380,808 8,338
Inferred 10,033 28,667 0.23 0.76 2.20 21.87 0.44 81.5 66 217 631 20,156 407
-320.00 -360.00 Indicated 222,042 635,694 0.29 1.10 2.01 18.60 0.32 80.8 1,875 6,988 12,758 380,057 6,636
Inferred 37,368 108,638 0.31 1.20 3.38 28.41 0.39 109.7 338 1,301 3,668 99,213 1,361
-360.00 -400.00 Indicated 106,346 302,922 0.23 0.83 1.85 25.55 0.35 77.6 708 2,518 5,600 248,820 3,421
Inferred 21,378 63,124 0.33 1.95 4.14 55.07 0.32 147.4 211 1,232 2,615 111,773 644
-400.00 -440.00 Indicated 45,274 129,654 0.15 1.15 2.11 26.19 0.45 85.2 193 1,487 2,737 109,190 1,882
Inferred 5,221 14,869 0.14 0.93 1.82 28.61 0.43 78.8 21 139 270 13,679 206
Subtotal White Rock Zone Indicated 1,785,968 5,120,651 0.25 1.16 2.18 22.71 0.29 83.1 12,781 59,384 111,625 3,738,544 47,217
White Rock Zone Inferred 484,897 1,394,258 0.28 1.18 2.40 26.38 0.25 88.9 3,900 16,415 33,451 1,182,323 11,180
Total White Rock Zone 2,270,865 6,514,909 0.26 1.16 2.23 23.49 0.28 84.3 16,678 75,801 145,074 4,920,863 58,397
Parys Mountain Project 37 November 2012
Table 1.27: Mineral Resources for Parys Mountain at US$44 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 2,209 6,544 0.59 2.08 4.15 108.17 1.06 225.3 39 136 272 22,759 223
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 15,832 47,290 0.65 2.41 4.59 101.90 0.97 231.1 308 1,138 2,170 154,932 1,476
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 32,822 98,300 0.83 2.45 4.65 105.67 0.82 238.5 814 2,408 4,569 333,962 2,580
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 8,032 24,398 1.45 2.99 4.91 105.72 0.36 264.6 353 730 1,197 82,929 283
Inferred 4,592 13,605 0.88 2.05 3.89 79.04 0.46 194.6 120 279 529 34,572 200
-360.00 -400.00 Indicated 29,570 88,615 1.48 2.35 4.12 118.37 0.43 257.6 1,308 2,083 3,651 337,232 1,213
Inferred 3,820 11,229 1.38 1.57 3.00 58.87 0.34 183.5 155 176 337 21,255 124
-400.00 -440.00 Indicated 53,334 159,170 1.49 1.88 4.14 64.66 0.34 211.8 2,372 2,995 6,593 330,876 1,736
Inferred 2,044 6,237 1.66 2.40 5.71 36.44 0.36 229.5 104 150 356 7,307 72
-440.00 -480.00 Indicated 22,245 71,398 2.16 4.62 8.38 86.10 0.34 354.0 1,539 3,300 5,986 197,644 782
Inferred 13,019 40,972 1.78 3.81 7.54 68.38 0.35 300.9 730 1,561 3,088 90,080 465
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 164,438 496,952 1.36 2.58 4.94 91.69 0.52 250.6 6,759 12,837 24,525 1,464,957 8,326
Engine Zone Inferred 38,894 120,918 1.73 3.42 6.73 69.88 0.52 289.3 2,098 4,131 8,135 271,676 2,007
Total Engine Zone 203,332 617,870 1.43 2.75 5.29 87.42 0.52 258.2 8,857 16,968 32,659 1,736,633 10,332
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 206,729 620,321 1.95 1.90 4.21 22.55 0.19 201.5 4,024 3,918 8,701 149,906 1,284
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 112,419 343,928 1.88 2.73 5.73 65.62 0.14 257.6 2,115 3,071 6,440 237,176 503
Northern Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 5,161,795 14,507,040 1.14 0.18 0.30 4.83 0.09 70.2 58,834 9,100 15,248 801,299 15,600
Parys Mountain Project 38 November 2012
Table 1.28: Mineral Resources for Parys Mountain at US$53 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 43,663 128,711 0.39 2.19 3.92 38.95 0.68 152.4 501 2,817 5,047 161,187 2,800
Inferred 98,974 288,736 0.34 1.73 3.24 38.43 0.45 126.2 992 5,009 9,347 356,773 4,137
-40.00 -80.00 Indicated 204,440 597,266 0.29 1.81 3.36 32.36 0.39 120.2 1,742 10,809 20,071 621,384 7,556
Inferred 72,132 208,604 0.31 1.39 2.75 31.96 0.34 104.9 637 2,897 5,733 214,358 2,303
-80.00 -120.00 Indicated 183,486 532,736 0.25 1.75 2.90 28.30 0.18 100.8 1,316 9,305 15,431 484,740 3,119
Inferred 33,528 96,845 0.30 1.51 2.48 21.20 0.05 85.1 292 1,458 2,405 66,018 152
-120.00 -160.00 Indicated 164,040 475,089 0.30 1.43 2.93 26.10 0.16 97.1 1,430 6,777 13,924 398,698 2,494
Inferred 16,295 47,020 0.27 1.30 2.62 26.35 0.04 85.7 126 612 1,233 39,838 67
-160.00 -200.00 Indicated 87,878 252,044 0.22 1.12 2.23 19.36 0.19 75.7 548 2,811 5,611 156,900 1,532
Inferred 45,098 128,736 0.24 0.87 1.98 16.51 0.05 63.5 314 1,120 2,548 68,340 219
-200.00 -240.00 Indicated 74,418 212,954 0.21 1.11 2.02 16.39 0.17 69.9 445 2,361 4,295 112,229 1,193
Inferred 15,700 44,698 0.21 0.80 1.82 12.97 0.21 61.9 95 357 815 18,644 297
-240.00 -280.00 Indicated 132,716 377,371 0.20 0.90 1.62 19.43 0.40 71.6 771 3,396 6,128 235,703 4,819
Inferred 4,018 11,447 0.21 1.04 1.65 13.04 0.19 62.1 23 119 189 4,798 69
-280.00 -320.00 Indicated 182,537 520,324 0.28 0.89 1.79 19.79 0.44 79.1 1,445 4,650 9,326 331,008 7,362
Inferred 8,217 23,548 0.24 0.84 2.39 24.13 0.47 88.5 57 197 563 18,269 358
-320.00 -360.00 Indicated 199,955 573,412 0.31 1.15 2.11 19.39 0.34 84.2 1,752 6,594 12,078 357,544 6,176
Inferred 34,003 99,113 0.32 1.24 3.58 30.25 0.42 115.7 320 1,225 3,544 96,384 1,327
-360.00 -400.00 Indicated 84,938 242,831 0.26 0.95 2.06 28.13 0.35 84.7 619 2,314 5,000 219,589 2,697
Inferred 20,150 59,688 0.35 2.05 4.33 57.16 0.31 153.2 208 1,222 2,587 109,683 597
-400.00 -440.00 Indicated 42,012 120,511 0.15 1.20 2.20 26.76 0.45 88.0 186 1,451 2,657 103,672 1,759
Inferred 3,486 10,010 0.17 1.20 2.28 33.46 0.43 93.7 17 120 228 10,767 140
Subtotal White Rock Zone Indicated 1,400,083 4,033,250 0.27 1.32 2.47 24.54 0.32 92.4 10,757 53,283 99,569 3,182,654 41,508
White Rock Zone Inferred 351,602 1,018,446 0.30 1.41 2.87 30.66 0.30 104.0 3,083 14,336 29,193 1,003,872 9,666
Total White Rock Zone 1,751,685 5,051,695 0.27 1.34 2.55 25.78 0.32 94.8 13,842 67,622 128,763 4,186,523 51,177
Parys Mountain Project 39 November 2012
Table 1.28: Mineral Resources for Parys Mountain at US$53 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 2,209 6,544 0.59 2.08 4.15 108.17 1.06 225.3 39 136 272 22,759 223
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 15,429 46,158 0.66 2.45 4.68 104.06 0.99 235.6 305 1,133 2,160 154,427 1,468
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 32,618 97,725 0.83 2.46 4.67 106.21 0.82 239.6 813 2,405 4,562 333,712 2,577
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 8,032 24,398 1.45 2.99 4.91 105.72 0.36 264.6 353 730 1,197 82,929 283
Inferred 4,592 13,605 0.88 2.05 3.89 79.04 0.46 194.6 120 279 529 34,572 200
-360.00 -400.00 Indicated 29,570 88,615 1.48 2.35 4.12 118.37 0.43 257.6 1,308 2,083 3,651 337,232 1,213
Inferred 3,820 11,229 1.38 1.57 3.00 58.87 0.34 183.5 155 176 337 21,255 124
-400.00 -440.00 Indicated 53,334 159,170 1.49 1.88 4.14 64.66 0.34 211.8 2,372 2,995 6,593 330,876 1,736
Inferred 2,044 6,237 1.66 2.40 5.71 36.44 0.36 229.5 104 150 356 7,307 72
-440.00 -480.00 Indicated 22,245 71,398 2.16 4.62 8.38 86.10 0.34 354.0 1,539 3,300 5,986 197,644 782
Inferred 13,019 40,972 1.78 3.81 7.54 68.38 0.35 300.9 730 1,561 3,088 90,080 465
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 163,831 495,244 1.36 2.59 4.95 91.96 0.52 251.3 6,755 12,829 24,508 1,464,198 8,315
Engine Zone Inferred 38,894 120,918 1.73 3.42 6.73 69.88 0.52 289.3 2,098 4,131 8,135 271,676 2,007
Total Engine Zone 202,725 616,162 1.44 2.75 5.30 87.63 0.52 258.8 8,852 16,959 32,643 1,735,874 10,321
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 206,729 620,321 1.95 1.90 4.21 22.55 0.19 201.5 4,024 3,918 8,701 149,906 1,284
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 108,274 332,253 1.92 2.82 5.90 67.88 0.14 264.9 2,083 3,049 6,390 236,279 500
Northern Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 4,154,414 11,691,899 1.22 0.20 0.33 4.88 0.11 75.3 50,476 8,367 13,568 652,397 14,599
Parys Mountain Project 40 November 2012
Table 1.29: Mineral Resources for Parys Mountain at US$60 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 40,649 120,270 0.40 2.32 4.15 40.53 0.69 159.1 477 2,785 4,995 156,718 2,662
Inferred 95,924 280,156 0.35 1.77 3.31 39.03 0.45 128.3 975 4,956 9,270 351,543 4,029
-40.00 -80.00 Indicated 189,352 554,777 0.30 1.90 3.54 32.76 0.41 125.0 1,664 10,544 19,656 584,352 7,254
Inferred 70,437 203,819 0.31 1.40 2.79 32.10 0.35 106.0 629 2,855 5,687 210,327 2,273
-80.00 -120.00 Indicated 131,828 386,117 0.28 2.04 3.47 31.42 0.23 117.7 1,082 7,861 13,384 390,020 2,830
Inferred 18,729 54,886 0.32 1.95 3.44 24.47 0.05 107.1 176 1,071 1,887 43,177 90
-120.00 -160.00 Indicated 117,931 344,143 0.33 1.70 3.41 29.19 0.22 112.7 1,134 5,866 11,734 322,940 2,388
Inferred 11,878 34,489 0.29 1.50 3.02 29.46 0.04 96.5 99 517 1,041 32,666 46
-160.00 -200.00 Indicated 67,071 192,961 0.23 1.23 2.40 20.08 0.21 81.5 447 2,373 4,624 124,584 1,310
Inferred 26,497 75,898 0.27 0.94 2.22 16.00 0.05 68.5 207 711 1,681 39,047 123
-200.00 -240.00 Indicated 45,723 131,470 0.22 1.29 2.29 17.91 0.19 78.2 294 1,690 3,013 75,722 793
Inferred 7,998 22,852 0.21 0.83 2.14 14.08 0.23 67.7 48 189 489 10,343 167
-240.00 -280.00 Indicated 80,995 231,390 0.21 1.08 1.89 21.68 0.45 81.5 487 2,495 4,380 161,321 3,373
Inferred 2,433 6,942 0.21 1.09 1.76 14.17 0.18 65.1 15 75 122 3,163 40
-280.00 -320.00 Indicated 149,619 427,436 0.29 0.95 1.94 20.72 0.47 84.1 1,238 4,056 8,282 284,701 6,455
Inferred 7,047 20,242 0.25 0.90 2.55 25.76 0.50 93.7 50 182 515 16,763 327
-320.00 -360.00 Indicated 165,683 476,397 0.32 1.23 2.27 20.64 0.36 89.8 1,523 5,850 10,831 316,173 5,450
Inferred 31,144 90,964 0.33 1.26 3.74 32.25 0.44 121.0 303 1,147 3,402 94,317 1,297
-360.00 -400.00 Indicated 56,731 163,248 0.25 1.16 2.49 34.41 0.37 98.2 413 1,894 4,058 180,607 1,940
Inferred 20,150 59,688 0.35 2.05 4.33 57.16 0.31 153.2 208 1,222 2,587 109,683 597
-400.00 -440.00 Indicated 38,823 111,512 0.16 1.25 2.28 27.42 0.46 90.5 177 1,394 2,545 98,311 1,646
Inferred 2,927 8,431 0.18 1.29 2.48 36.47 0.44 100.5 15 109 209 9,885 119
Subtotal White Rock Zone Indicated 1,084,404 3,139,720 0.28 1.49 2.79 26.70 0.36 102.7 8,936 46,807 87,501 2,695,444 36,098
White Rock Zone Inferred 295,164 858,368 0.32 1.52 3.13 33.37 0.33 112.8 2,725 13,033 26,891 920,917 9,110
Total White Rock Zone 1,379,568 3,998,088 0.29 1.50 2.86 28.13 0.35 104.9 11,658 59,839 114,393 3,616,359 45,208
Parys Mountain Project 41 November 2012
Table 1.29: Mineral Resources for Parys Mountain at US$60 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 2,209 6,544 0.59 2.08 4.15 108.17 1.06 225.3 39 136 272 22,759 223
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 15,284 45,746 0.66 2.47 4.71 104.86 1.00 237.2 304 1,130 2,155 154,227 1,466
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 32,261 96,718 0.84 2.48 4.71 107.16 0.83 241.5 808 2,401 4,554 333,227 2,573
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 8,032 24,398 1.45 2.99 4.91 105.72 0.36 264.6 353 730 1,197 82,929 283
Inferred 4,592 13,605 0.88 2.05 3.89 79.04 0.46 194.6 120 279 529 34,572 200
-360.00 -400.00 Indicated 29,570 88,615 1.48 2.35 4.12 118.37 0.43 257.6 1,308 2,083 3,651 337,232 1,213
Inferred 3,820 11,229 1.38 1.57 3.00 58.87 0.34 183.5 155 176 337 21,255 124
-400.00 -440.00 Indicated 53,084 158,464 1.50 1.89 4.15 64.84 0.34 212.5 2,371 2,990 6,583 330,331 1,731
Inferred 2,044 6,237 1.66 2.40 5.71 36.44 0.36 229.5 104 150 356 7,307 72
-440.00 -480.00 Indicated 22,245 71,398 2.16 4.62 8.38 86.10 0.34 354.0 1,539 3,300 5,986 197,644 782
Inferred 13,019 40,972 1.78 3.81 7.54 68.38 0.35 300.9 730 1,561 3,088 90,080 465
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 163,078 493,120 1.37 2.60 4.97 92.28 0.52 252.2 6,747 12,817 24,486 1,462,973 8,303
Engine Zone Inferred 38,894 120,918 1.73 3.42 6.73 69.88 0.52 289.3 2,098 4,131 8,135 271,676 2,007
Total Engine Zone 201,972 614,038 1.44 2.76 5.31 87.87 0.52 259.5 8,845 16,947 32,620 1,734,650 10,309
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 206,729 620,321 1.95 1.90 4.21 22.55 0.19 201.5 4,024 3,918 8,701 149,906 1,284
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 102,049 314,672 1.99 2.95 6.18 71.52 0.15 276.6 2,034 3,011 6,304 234,651 493
Northern Zone
Classification
Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 3,275,046 9,231,392 1.28 0.24 0.38 5.00 0.13 80.4 41,855 7,827 12,285 526,160 13,520
Parys Mountain Project 42 November 2012
Table 1.30: Mineral Resources for Parys Mountain at US$70 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 33,920 101,423 0.43 2.68 4.80 43.46 0.71 176.7 432 2,717 4,868 141,726 2,308
Inferred 81,895 240,717 0.37 1.98 3.70 41.66 0.43 138.6 900 4,755 8,902 322,447 3,291
-40.00 -80.00 Indicated 165,017 485,891 0.32 2.06 3.86 34.02 0.42 133.5 1,537 10,007 18,743 531,433 6,539
Inferred 51,673 150,620 0.36 1.53 3.34 34.96 0.37 120.3 535 2,310 5,031 169,298 1,815
-80.00 -120.00 Indicated 95,469 282,640 0.32 2.38 4.18 34.08 0.27 137.2 904 6,725 11,802 309,685 2,482
Inferred 12,620 37,520 0.38 2.37 4.36 24.04 0.06 128.0 142 887 1,637 28,998 78
-120.00 -160.00 Indicated 74,371 220,102 0.36 2.27 4.27 33.60 0.31 140.1 795 5,002 9,399 237,785 2,223
Inferred 6,280 18,545 0.34 2.11 4.01 34.78 0.04 124.4 63 392 744 20,739 22
-160.00 -200.00 Indicated 41,913 121,298 0.24 1.49 2.70 20.65 0.26 91.9 290 1,813 3,274 80,539 1,031
Inferred 8,470 24,477 0.25 1.34 2.69 14.87 0.09 80.0 60 329 659 11,705 74
-200.00 -240.00 Indicated 26,792 77,494 0.25 1.51 2.61 17.38 0.22 87.7 193 1,173 2,024 43,309 550
Inferred 2,212 6,328 0.20 0.87 2.22 14.34 0.27 70.7 13 55 141 2,918 54
-240.00 -280.00 Indicated 50,563 145,169 0.22 1.25 2.19 24.27 0.50 91.7 319 1,818 3,179 113,273 2,329
Inferred 337 968 0.20 1.31 2.24 18.54 0.19 77.2 2 13 22 577 6
-280.00 -320.00 Indicated 108,492 310,977 0.31 1.03 2.16 21.68 0.51 91.1 964 3,196 6,712 216,759 5,075
Inferred 6,019 17,316 0.25 0.95 2.65 27.14 0.54 98.1 43 165 459 15,108 301
-320.00 -360.00 Indicated 104,104 301,694 0.36 1.44 2.78 23.06 0.39 104.5 1,086 4,350 8,395 223,635 3,817
Inferred 28,479 83,364 0.34 1.31 3.90 33.88 0.47 126.1 285 1,089 3,251 90,802 1,248
-360.00 -400.00 Indicated 36,407 105,604 0.25 1.42 3.01 43.36 0.42 116.6 267 1,497 3,176 147,210 1,428
Inferred 20,104 59,559 0.35 2.05 4.34 57.23 0.31 153.4 208 1,221 2,586 109,582 595
-400.00 -440.00 Indicated 34,881 100,331 0.16 1.30 2.37 28.33 0.47 93.4 164 1,302 2,373 91,389 1,507
Inferred 2,438 7,045 0.20 1.39 2.69 40.10 0.45 108.0 14 98 190 9,084 101
Subtotal White Rock Zone Indicated 771,928 2,252,622 0.31 1.76 3.28 29.50 0.40 117.7 6,952 39,599 73,945 2,136,745 29,288
White Rock Zone Inferred 220,526 646,461 0.35 1.75 3.65 37.59 0.36 128.7 2,264 11,312 23,620 781,261 7,584
Total White Rock Zone 992,455 2,899,083 0.32 1.76 3.37 31.31 0.40 120.2 9,216 50,914 97,566 2,918,004 36,873
Parys Mountain Project 43 November 2012
Table 1.30: Mineral Resources for Parys Mountain at US$70 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 2,209 6,544 0.59 2.08 4.15 108.17 1.06 225.3 39 136 272 22,759 223
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 15,108 45,248 0.67 2.49 4.75 105.79 1.00 239.1 302 1,127 2,147 153,901 1,462
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 32,157 96,425 0.84 2.49 4.72 107.44 0.83 242.0 806 2,400 4,549 333,067 2,571
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 8,032 24,398 1.45 2.99 4.91 105.72 0.36 264.6 353 730 1,197 82,929 283
Inferred 4,569 13,540 0.89 2.06 3.90 79.29 0.46 195.2 120 279 528 34,517 200
-360.00 -400.00 Indicated 29,570 88,615 1.48 2.35 4.12 118.37 0.43 257.6 1,308 2,083 3,651 337,232 1,213
Inferred 3,820 11,229 1.38 1.57 3.00 58.87 0.34 183.5 155 176 337 21,255 124
-400.00 -440.00 Indicated 53,084 158,464 1.50 1.89 4.15 64.84 0.34 212.5 2,371 2,990 6,583 330,331 1,731
Inferred 2,044 6,237 1.66 2.40 5.71 36.44 0.36 229.5 104 150 356 7,307 72
-440.00 -480.00 Indicated 22,245 71,398 2.16 4.62 8.38 86.10 0.34 354.0 1,539 3,300 5,986 197,644 782
Inferred 13,019 40,972 1.78 3.81 7.54 68.38 0.35 300.9 730 1,561 3,088 90,080 465
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 162,799 492,328 1.37 2.60 4.97 92.39 0.52 252.5 6,745 12,813 24,473 1,462,483 8,296
Engine Zone Inferred 38,871 120,852 1.74 3.42 6.73 69.91 0.52 289.4 2,097 4,130 8,133 271,618 2,006
Total Engine Zone 201,670 613,181 1.44 2.76 5.32 87.96 0.52 259.7 8,842 16,943 32,606 1,734,104 10,303
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 206,729 620,321 1.95 1.90 4.21 22.55 0.19 201.5 4,024 3,918 8,701 149,906 1,284
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 102,049 314,672 1.99 2.95 6.18 71.52 0.15 276.6 2,034 3,011 6,304 234,651 493
Northern Zone
Classification
Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 3,275,046 9,231,392 1.28 0.24 0.38 5.00 0.13 80.4 41,855 7,827 12,285 526,160 13,520
Parys Mountain Project 44 November 2012
Table 1.31: Mineral Resources for Parys Mountain at US$80 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 31,362 94,145 0.44 2.81 5.04 44.92 0.73 184.6 418 2,648 4,747 135,975 2,222
Inferred 67,648 200,302 0.41 2.22 4.13 45.38 0.41 151.5 826 4,441 8,282 292,246 2,611
-40.00 -80.00 Indicated 132,222 392,635 0.35 2.34 4.38 36.09 0.42 147.4 1,366 9,190 17,195 455,588 5,341
Inferred 39,834 116,969 0.41 1.72 3.84 38.56 0.35 133.4 475 2,008 4,491 145,003 1,305
-80.00 -120.00 Indicated 72,217 216,006 0.36 2.67 4.89 37.08 0.32 156.5 778 5,778 10,563 257,503 2,249
Inferred 11,562 34,471 0.39 2.42 4.57 24.49 0.07 132.6 136 833 1,577 27,143 73
-120.00 -160.00 Indicated 52,101 156,371 0.38 2.85 5.13 37.34 0.42 166.7 600 4,457 8,014 187,739 2,091
Inferred 4,301 12,886 0.36 2.68 4.85 38.69 0.02 146.7 47 345 625 16,028 10
-160.00 -200.00 Indicated 26,167 76,139 0.26 1.72 2.98 21.83 0.31 102.3 200 1,307 2,270 53,427 759
Inferred 3,762 10,919 0.29 1.50 2.92 16.46 0.06 87.5 32 163 319 5,777 23
-200.00 -240.00 Indicated 13,683 39,868 0.28 1.81 3.00 16.35 0.29 100.2 111 723 1,195 20,960 372
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-240.00 -280.00 Indicated 28,987 83,694 0.24 1.45 2.52 26.49 0.58 104.1 199 1,216 2,113 71,281 1,552
Inferred 146 422 0.23 1.47 2.35 20.19 0.18 83.3 1 6 10 274 2
-280.00 -320.00 Indicated 69,078 198,822 0.34 1.11 2.44 22.68 0.56 100.3 681 2,211 4,856 144,982 3,607
Inferred 4,663 13,448 0.26 1.04 2.79 29.58 0.59 104.9 34 139 375 12,789 254
-320.00 -360.00 Indicated 72,535 211,687 0.40 1.64 3.23 25.16 0.42 117.3 838 3,470 6,845 171,260 2,845
Inferred 26,681 78,216 0.35 1.34 4.00 34.95 0.48 129.5 273 1,046 3,131 87,890 1,212
-360.00 -400.00 Indicated 25,053 73,253 0.27 1.66 3.52 52.37 0.46 135.3 200 1,219 2,578 123,332 1,080
Inferred 20,104 59,559 0.35 2.05 4.34 57.23 0.31 153.4 208 1,221 2,586 109,582 595
-400.00 -440.00 Indicated 28,560 82,317 0.17 1.36 2.50 29.53 0.47 97.3 140 1,116 2,056 78,164 1,251
Inferred 2,322 6,714 0.20 1.40 2.74 41.22 0.45 109.7 13 94 184 8,897 97
Subtotal White Rock Zone Indicated 551,965 1,624,938 0.34 2.05 3.84 32.54 0.45 134.4 5,531 33,336 62,432 1,700,215 23,368
White Rock Zone Inferred 181,022 533,905 0.38 1.93 4.04 41.11 0.36 140.1 2,046 10,296 21,579 705,626 6,181
Total White Rock Zone 732,988 2,158,844 0.35 2.02 3.89 34.66 0.43 135.8 7,578 43,632 84,011 2,405,841 29,547
Parys Mountain Project 45 November 2012
Table 1.31: Mineral Resources for Parys Mountain at US$80 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 2,209 6,544 0.59 2.08 4.15 108.17 1.06 225.3 39 136 272 22,759 223
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 14,931 44,744 0.67 2.51 4.78 106.80 1.01 240.9 299 1,124 2,140 153,632 1,459
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 31,177 93,635 0.85 2.54 4.81 109.80 0.85 247.0 797 2,377 4,503 330,552 2,556
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 8,032 24,398 1.45 2.99 4.91 105.72 0.36 264.6 353 730 1,197 82,929 283
Inferred 4,504 13,354 0.89 2.07 3.93 79.97 0.46 196.8 119 277 524 34,332 199
-360.00 -400.00 Indicated 29,570 88,615 1.48 2.35 4.12 118.37 0.43 257.6 1,308 2,083 3,651 337,232 1,213
Inferred 3,820 11,229 1.38 1.57 3.00 58.87 0.34 183.5 155 176 337 21,255 124
-400.00 -440.00 Indicated 53,084 158,464 1.50 1.89 4.15 64.84 0.34 212.5 2,371 2,990 6,583 330,331 1,731
Inferred 2,044 6,237 1.66 2.40 5.71 36.44 0.36 229.5 104 150 356 7,307 72
-440.00 -480.00 Indicated 22,245 71,398 2.16 4.62 8.38 86.10 0.34 354.0 1,539 3,300 5,986 197,644 782
Inferred 13,019 40,972 1.78 3.81 7.54 68.38 0.35 300.9 730 1,561 3,088 90,080 465
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 161,642 489,035 1.38 2.61 4.99 92.84 0.53 253.6 6,732 12,786 24,420 1,459,703 8,278
Engine Zone Inferred 38,806 120,667 1.74 3.42 6.74 69.97 0.52 289.7 2,097 4,128 8,130 271,436 2,006
Total Engine Zone 200,448 609,702 1.45 2.77 5.34 88.31 0.52 260.8 8,829 16,915 32,550 1,731,139 10,283
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 206,010 618,265 1.95 1.90 4.22 22.58 0.19 201.9 4,022 3,910 8,687 149,549 1,278
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 96,585 299,152 2.06 3.07 6.43 74.98 0.16 287.4 1,985 2,970 6,212 232,827 485
Northern Zone
Classification
Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 891,905 2,542,230 1.48 0.56 0.94 6.02 0.39 112.3 13,203 4,980 8,342 172,580 11,135
Parys Mountain Project 46 November 2012
Table 1.32: Mineral Resources for Parys Mountain at US$100 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 23,969 72,925 0.52 3.26 5.88 50.03 0.82 212.1 377 2,380 4,287 117,293 1,924
Inferred 47,577 142,878 0.50 2.71 4.94 52.65 0.37 177.2 718 3,872 7,062 241,836 1,692
-40.00 -80.00 Indicated 91,941 276,740 0.41 2.77 5.23 40.26 0.46 171.8 1,139 7,663 14,480 358,218 4,061
Inferred 18,274 55,267 0.60 2.58 5.71 46.35 0.18 179.1 332 1,426 3,158 82,356 314
-80.00 -120.00 Indicated 52,274 158,580 0.41 3.18 5.78 40.81 0.33 180.7 657 5,035 9,169 208,066 1,686
Inferred 9,907 29,658 0.42 2.49 4.87 25.45 0.06 139.5 126 739 1,443 24,267 59
-120.00 -160.00 Indicated 38,084 115,900 0.44 3.39 5.98 40.98 0.50 194.0 516 3,927 6,933 152,700 1,864
Inferred 3,962 11,904 0.37 2.77 5.00 39.70 0.02 151.2 45 329 596 15,193 9
-160.00 -200.00 Indicated 12,423 36,395 0.30 1.99 3.35 22.40 0.39 115.8 107 724 1,220 26,211 454
Inferred 723 2,124 0.32 1.91 3.63 15.66 0.06 103.0 7 40 77 1,070 4
-200.00 -240.00 Indicated 4,981 14,696 0.35 2.29 3.68 16.95 0.31 120.4 51 337 541 8,009 146
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-240.00 -280.00 Indicated 13,089 38,114 0.25 1.70 3.11 29.75 0.70 122.2 94 646 1,185 36,451 859
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-280.00 -320.00 Indicated 25,428 73,833 0.37 1.29 3.09 26.48 0.72 120.8 274 950 2,283 62,855 1,714
Inferred 2,078 6,038 0.29 1.28 3.27 32.03 0.58 117.4 17 77 197 6,218 112
-320.00 -360.00 Indicated 43,233 127,499 0.45 1.94 3.91 27.51 0.44 135.4 574 2,467 4,982 112,765 1,812
Inferred 24,715 72,567 0.36 1.37 4.12 35.58 0.49 132.5 260 991 2,989 83,008 1,136
-360.00 -400.00 Indicated 18,455 54,365 0.31 1.88 4.00 60.61 0.48 152.6 166 1,023 2,172 105,941 833
Inferred 19,385 57,494 0.36 2.08 4.41 58.14 0.31 155.6 204 1,197 2,537 107,470 571
-400.00 -440.00 Indicated 11,119 32,223 0.19 1.50 2.86 32.64 0.51 108.3 60 483 922 33,816 526
Inferred 1,947 5,641 0.21 1.46 2.85 42.82 0.45 113.3 12 82 161 7,765 81
Subtotal White Rock Zone Indicated 334,998 1,001,268 0.40 2.56 4.81 37.97 0.49 162.6 4,016 25,634 48,173 1,222,324 15,877
White Rock Zone Inferred 128,569 383,572 0.45 2.28 4.75 46.15 0.32 159.8 1,720 8,755 18,220 569,184 3,978
Total White Rock Zone 463,567 1,384,840 0.41 2.48 4.79 40.24 0.45 161.8 5,737 34,390 66,393 1,791,505 19,858
Parys Mountain Project 47 November 2012
Table 1.32: Mineral Resources for Parys Mountain at US$100 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 2,209 6,544 0.59 2.08 4.15 108.17 1.06 225.3 39 136 272 22,759 223
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 14,160 42,543 0.69 2.58 4.94 110.81 1.04 248.7 293 1,099 2,102 151,560 1,424
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 30,250 90,981 0.87 2.59 4.89 111.96 0.87 251.6 788 2,354 4,446 327,491 2,538
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 8,032 24,398 1.45 2.99 4.91 105.72 0.36 264.6 353 730 1,197 82,929 283
Inferred 4,503 13,353 0.89 2.07 3.93 79.97 0.46 196.8 119 277 524 34,332 199
-360.00 -400.00 Indicated 29,331 87,929 1.49 2.36 4.14 119.04 0.43 259.0 1,307 2,075 3,636 336,526 1,209
Inferred 3,820 11,229 1.38 1.57 3.00 58.87 0.34 183.5 155 176 337 21,255 124
-400.00 -440.00 Indicated 52,553 156,932 1.51 1.89 4.17 65.24 0.34 213.6 2,363 2,971 6,549 329,187 1,725
Inferred 1,923 5,886 1.73 2.47 5.92 37.13 0.37 237.4 102 146 349 7,027 71
-440.00 -480.00 Indicated 22,212 71,304 2.16 4.63 8.39 86.18 0.34 354.3 1,539 3,299 5,984 197,561 782
Inferred 12,490 39,447 1.83 3.91 7.74 70.01 0.36 308.9 723 1,541 3,055 88,794 460
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 159,141 481,868 1.39 2.64 5.04 93.76 0.53 256.1 6,707 12,709 24,275 1,452,636 8,216
Engine Zone Inferred 38,155 118,790 1.76 3.45 6.81 70.66 0.52 292.8 2,088 4,104 8,088 269,869 1,999
Total Engine Zone 197,295 600,658 1.46 2.80 5.39 89.20 0.53 263.3 8,795 16,813 32,363 1,722,505 10,214
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 205,203 615,952 1.96 1.90 4.23 22.60 0.19 202.3 4,016 3,902 8,670 149,085 1,271
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 88,369 275,614 2.15 3.27 6.83 80.36 0.16 304.3 1,903 2,888 6,040 228,324 467
Northern Zone
Classification
Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 398,809 1,145,279 1.59 0.80 1.32 7.23 0.76 140.5 6,345 3,200 5,272 92,727 9,796
Parys Mountain Project 48 November 2012
Table 1.33: Mineral Resources for Parys Mountain at US$120 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 18,437 56,950 0.60 3.83 6.76 54.51 0.88 241.1 343 2,181 3,848 99,800 1,613
Inferred 43,301 130,481 0.52 2.84 5.14 54.49 0.37 183.7 683 3,699 6,700 228,602 1,540
-40.00 -80.00 Indicated 68,889 209,514 0.46 3.11 5.88 44.16 0.51 192.2 971 6,522 12,314 297,488 3,421
Inferred 14,908 45,548 0.68 2.87 6.36 49.29 0.10 194.6 308 1,306 2,896 72,175 148
-80.00 -120.00 Indicated 40,388 123,933 0.46 3.58 6.51 44.23 0.32 200.6 574 4,439 8,073 176,248 1,293
Inferred 7,298 21,962 0.46 2.63 5.22 26.92 0.06 148.6 101 577 1,146 19,010 42
-120.00 -160.00 Indicated 26,058 80,990 0.55 4.19 7.27 45.57 0.51 230.9 443 3,397 5,890 118,660 1,335
Inferred 3,444 10,386 0.39 2.89 5.24 41.28 0.02 158.0 41 300 544 13,784 8
-160.00 -200.00 Indicated 3,396 10,112 0.42 2.66 4.17 20.67 0.28 136.8 42 269 422 6,719 90
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-200.00 -240.00 Indicated 2,137 6,357 0.40 2.60 4.12 17.71 0.30 133.5 26 165 262 3,619 62
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-240.00 -280.00 Indicated 4,463 13,211 0.27 2.29 4.12 31.81 0.81 150.1 36 302 544 13,512 343
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-280.00 -320.00 Indicated 10,239 29,848 0.41 1.29 3.44 29.92 0.96 137.8 121 385 1,027 28,708 919
Inferred 1,174 3,431 0.31 1.44 3.58 32.34 0.55 124.1 11 49 123 3,567 60
-320.00 -360.00 Indicated 27,935 82,988 0.46 2.12 4.44 30.83 0.48 148.7 378 1,758 3,688 82,248 1,269
Inferred 18,152 53,536 0.38 1.42 4.49 36.57 0.51 140.5 202 758 2,402 62,951 881
-360.00 -400.00 Indicated 14,276 42,302 0.33 2.07 4.36 65.84 0.48 165.1 141 876 1,843 89,543 657
Inferred 15,689 46,716 0.37 2.19 4.68 62.12 0.33 164.7 173 1,024 2,185 93,294 492
-400.00 -440.00 Indicated 683 1,989 0.19 1.61 3.28 49.82 0.58 130.1 4 32 65 3,186 37
Inferred 318 928 0.23 1.66 3.27 48.99 0.42 126.1 2 15 30 1,462 13
Subtotal White Rock Zone Indicated 216,900 658,193 0.47 3.09 5.77 43.46 0.52 190.6 3,077 20,326 37,975 919,729 11,040
White Rock Zone Inferred 104,286 312,988 0.49 2.47 5.12 49.18 0.32 170.9 1,519 7,730 16,026 494,845 3,185
Total White Rock Zone 321,186 971,181 0.47 2.89 5.56 45.30 0.46 184.3 4,596 28,055 54,002 1,414,574 14,226
Parys Mountain Project 49 November 2012
Table 1.33: Mineral Resources for Parys Mountain at US$120 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 2,209 6,544 0.59 2.08 4.15 108.17 1.06 225.3 39 136 272 22,759 223
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 13,152 39,626 0.72 2.66 5.12 115.78 1.09 258.6 285 1,053 2,028 147,503 1,385
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 28,434 85,754 0.90 2.68 5.03 115.85 0.90 260.3 769 2,298 4,317 319,391 2,493
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 7,783 23,678 1.48 3.05 4.98 107.49 0.36 269.1 350 721 1,180 81,829 275
Inferred 3,911 11,641 0.95 2.19 4.14 85.45 0.50 209.3 111 255 481 31,981 188
-360.00 -400.00 Indicated 29,046 87,114 1.49 2.37 4.16 119.67 0.43 260.4 1,302 2,066 3,621 335,157 1,204
Inferred 3,820 11,229 1.38 1.57 3.00 58.87 0.34 183.5 155 176 337 21,255 124
-400.00 -440.00 Indicated 50,529 151,056 1.54 1.92 4.23 66.57 0.35 217.4 2,323 2,897 6,387 323,306 1,694
Inferred 1,823 5,598 1.78 2.53 6.10 37.66 0.39 244.1 100 142 341 6,778 70
-440.00 -480.00 Indicated 22,171 71,186 2.16 4.63 8.40 86.27 0.34 354.7 1,538 3,297 5,980 197,440 781
Inferred 11,592 36,839 1.92 4.07 8.10 72.82 0.38 323.1 709 1,500 2,984 86,246 451
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 153,718 466,195 1.42 2.68 5.12 95.54 0.54 260.9 6,631 12,514 23,873 1,432,008 8,086
Engine Zone Inferred 36,565 114,181 1.81 3.54 6.98 72.11 0.54 300.2 2,063 4,037 7,967 264,718 1,978
Total Engine Zone 190,283 580,376 1.50 2.85 5.49 90.93 0.54 268.6 8,695 16,551 31,840 1,696,726 10,065
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 198,526 596,627 1.99 1.93 4.28 22.68 0.19 205.2 3,957 3,824 8,502 144,742 1,210
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 82,867 259,705 2.22 3.40 7.11 84.23 0.17 316.3 1,843 2,821 5,895 224,414 458
Northern Zone
Classification
Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 181,329 525,202 1.63 1.15 1.80 8.65 1.46 179.2 2,951 2,086 3,267 50,400 8,516
Parys Mountain Project 50 November 2012
Table 1.34: Mineral Resources for Parys Mountain at US$140 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 16,313 50,737 0.63 4.09 7.17 56.48 0.92 254.5 322 2,075 3,636 92,135 1,501
Inferred 34,458 104,365 0.56 2.99 5.47 57.70 0.42 195.8 579 3,124 5,705 193,617 1,396
-40.00 -80.00 Indicated 54,874 168,182 0.50 3.39 6.35 46.85 0.57 207.7 833 5,700 10,679 253,337 3,060
Inferred 13,725 42,078 0.70 2.95 6.59 49.93 0.08 199.9 296 1,240 2,774 67,545 111
-80.00 -120.00 Indicated 28,294 88,286 0.54 4.23 7.54 49.15 0.30 229.4 474 3,738 6,656 139,519 854
Inferred 5,137 15,528 0.49 2.74 5.52 28.52 0.06 156.8 76 425 858 14,240 28
-120.00 -160.00 Indicated 19,631 62,083 0.63 4.87 8.33 49.39 0.54 261.9 390 3,026 5,171 98,585 1,072
Inferred 1,786 5,443 0.43 3.25 5.90 48.17 0.03 178.2 23 177 321 8,429 4
-160.00 -200.00 Indicated 1,075 3,239 0.53 3.25 4.67 18.58 0.26 155.2 17 105 151 1,935 27
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-200.00 -240.00 Indicated 473 1,416 0.44 2.81 4.57 22.52 0.35 149.4 6 40 65 1,025 16
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-240.00 -280.00 Indicated 2,492 7,458 0.30 2.66 4.81 32.46 0.81 166.4 22 198 359 7,783 194
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-280.00 -320.00 Indicated 3,767 10,987 0.42 1.38 3.41 32.27 1.32 153.9 47 151 374 11,397 465
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-320.00 -360.00 Indicated 12,710 38,179 0.45 2.66 5.02 35.64 0.53 168.9 172 1,016 1,915 43,752 655
Inferred 7,868 23,310 0.38 1.61 4.73 42.20 0.50 150.2 89 376 1,102 31,623 376
-360.00 -400.00 Indicated 12,373 36,772 0.35 2.16 4.55 67.18 0.49 170.6 128 793 1,673 79,426 575
Inferred 13,501 40,309 0.38 2.28 4.84 64.13 0.33 170.3 153 920 1,953 83,106 434
-400.00 -440.00 Indicated 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Subtotal White Rock Zone Indicated 152,000 467,339 0.52 3.60 6.56 48.51 0.56 215.5 2,411 16,842 30,679 728,895 8,420
White Rock Zone Inferred 76,475 231,032 0.53 2.71 5.50 53.66 0.32 184.5 1,217 6,262 12,713 398,558 2,349
Total White Rock Zone 228,475 698,371 0.52 3.31 6.21 50.21 0.48 205.3 3,627 23,104 43,392 1,127,453 10,769
Parys Mountain Project 51 November 2012
Table 1.34: Mineral Resources for Parys Mountain at US$140 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 2,128 6,311 0.61 2.11 4.20 110.02 1.07 228.6 38 133 265 22,322 216
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 12,183 36,811 0.75 2.75 5.28 120.93 1.12 268.3 275 1,013 1,944 143,124 1,330
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 26,044 78,818 0.92 2.80 5.23 121.68 0.95 271.7 729 2,205 4,125 308,335 2,410
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 7,704 23,449 1.49 3.06 5.01 108.05 0.36 270.4 349 718 1,174 81,457 272
Inferred 2,742 8,248 1.11 2.51 4.73 98.66 0.58 241.3 92 207 390 26,162 154
-360.00 -400.00 Indicated 28,535 85,638 1.51 2.39 4.19 120.71 0.43 262.6 1,293 2,049 3,586 332,355 1,190
Inferred 3,787 11,132 1.39 1.57 3.01 58.97 0.35 183.9 155 175 335 21,104 124
-400.00 -440.00 Indicated 46,021 137,973 1.58 1.98 4.40 69.71 0.37 225.7 2,183 2,739 6,070 309,214 1,640
Inferred 1,541 4,773 1.94 2.70 6.66 38.66 0.43 263.6 92 129 318 5,932 67
-440.00 -480.00 Indicated 22,171 71,186 2.16 4.63 8.40 86.27 0.34 354.7 1,538 3,297 5,980 197,440 781
Inferred 11,174 35,611 1.97 4.15 8.27 74.08 0.39 329.7 701 1,476 2,944 84,810 447
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 145,179 441,422 1.46 2.76 5.26 98.57 0.55 268.2 6,430 12,200 23,232 1,398,868 7,872
Engine Zone Inferred 34,663 108,639 1.87 3.64 7.19 73.43 0.55 308.8 2,028 3,951 7,810 256,470 1,936
Total Engine Zone 179,842 550,062 1.54 2.94 5.64 93.60 0.55 276.2 8,457 16,151 31,043 1,655,339 9,808
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 171,783 518,894 2.14 2.02 4.55 22.76 0.17 216.8 3,680 3,465 7,810 125,693 952
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 67,586 214,512 2.42 3.81 7.82 101.40 0.20 353.9 1,635 2,572 5,286 220,342 443
Northern Zone
Classification
Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 120,228 350,488 1.56 1.45 2.23 9.96 1.96 204.4 1,876 1,739 2,678 38,518 7,591
Parys Mountain Project 52 November 2012
Table 1.35: Mineral Resources for Parys Mountain at US$160 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 13,731 43,121 0.69 4.43 7.76 58.90 0.97 273.1 297 1,911 3,344 81,659 1,344
Inferred 26,303 80,151 0.58 3.24 5.82 60.45 0.49 209.6 464 2,599 4,663 155,785 1,266
-40.00 -80.00 Indicated 45,442 139,996 0.52 3.58 6.67 49.21 0.62 219.2 726 5,012 9,331 221,510 2,783
Inferred 11,041 34,016 0.75 3.09 6.91 54.69 0.08 211.6 256 1,053 2,349 59,810 85
-80.00 -120.00 Indicated 22,801 71,871 0.58 4.62 8.18 52.10 0.31 247.9 418 3,324 5,877 120,376 719
Inferred 2,038 6,212 0.54 3.00 6.06 31.28 0.05 171.8 34 186 377 6,246 10
-120.00 -160.00 Indicated 16,834 53,715 0.67 5.24 8.87 51.33 0.58 279.2 359 2,816 4,767 88,654 1,004
Inferred 1,581 4,825 0.43 3.29 6.00 49.68 0.03 181.2 21 159 290 7,707 4
-160.00 -200.00 Indicated 184 555 0.59 3.35 4.82 19.30 0.21 160.5 3 19 27 344 4
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-200.00 -240.00 Indicated 186 559 0.43 2.87 4.92 28.50 0.42 161.1 2 16 27 512 8
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-240.00 -280.00 Indicated 1,208 3,666 0.31 2.99 5.92 36.81 0.70 185.0 11 110 217 4,338 83
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-280.00 -320.00 Indicated 504 1,475 0.50 1.44 3.49 46.55 1.65 181.6 7 21 51 2,207 78
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-320.00 -360.00 Indicated 6,558 19,799 0.45 2.80 5.39 43.90 0.67 186.1 88 554 1,067 27,942 429
Inferred 1,342 4,000 0.39 2.08 4.85 57.97 0.55 171.2 16 83 194 7,455 70
-360.00 -400.00 Indicated 8,248 24,649 0.38 2.31 4.92 68.17 0.51 180.4 93 569 1,213 54,025 401
Inferred 7,491 22,462 0.39 2.43 5.11 69.34 0.40 182.6 88 546 1,149 50,072 290
-400.00 -440.00 Indicated 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Subtotal White Rock Zone Indicated 115,696 359,406 0.56 3.99 7.21 52.06 0.59 235.2 2,005 14,350 25,922 601,568 6,851
White Rock Zone Inferred 49,796 151,665 0.58 3.05 5.95 58.87 0.35 202.6 878 4,625 9,021 287,073 1,726
Total White Rock Zone 165,492 511,072 0.56 3.71 6.84 54.08 0.52 225.5 2,882 18,976 34,943 888,643 8,577
Parys Mountain Project 53 November 2012
Table 1.35: Mineral Resources for Parys Mountain at US$160 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 1,627 4,856 0.74 2.28 4.56 119.43 1.12 250.6 36 111 221 18,645 175
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 11,981 36,222 0.76 2.77 5.31 121.77 1.13 270.2 274 1,002 1,925 141,806 1,316
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 24,211 73,480 0.95 2.90 5.39 125.53 0.99 280.5 701 2,129 3,961 296,553 2,333
Inferred 3,327 10,058 1.29 2.47 5.08 85.95 1.00 260.5 130 248 511 27,794 325
-320.00 -360.00 Indicated 6,787 20,764 1.60 3.23 5.24 113.97 0.35 285.5 333 671 1,088 76,081 237
Inferred 2,309 6,981 1.15 2.67 5.06 107.00 0.63 257.5 80 187 353 24,015 142
-360.00 -400.00 Indicated 26,255 78,999 1.59 2.47 4.29 124.88 0.44 272.1 1,254 1,953 3,389 317,169 1,116
Inferred 3,472 10,218 1.43 1.59 3.05 59.60 0.34 187.0 146 162 311 19,579 113
-400.00 -440.00 Indicated 39,953 120,248 1.67 2.09 4.59 72.37 0.39 236.8 2,009 2,515 5,522 279,781 1,510
Inferred 1,431 4,451 2.00 2.78 6.90 38.67 0.46 272.3 89 124 307 5,533 65
-440.00 -480.00 Indicated 22,009 70,705 2.17 4.65 8.43 86.57 0.34 356.1 1,534 3,288 5,962 196,801 779
Inferred 10,795 34,489 2.00 4.21 8.41 75.12 0.40 335.3 691 1,454 2,901 83,292 443
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 133,216 406,511 1.52 2.88 5.45 101.87 0.57 278.3 6,165 11,715 22,155 1,331,459 7,498
Engine Zone Inferred 33,426 105,014 1.90 3.70 7.33 74.31 0.57 314.2 1,994 3,890 7,696 250,881 1,909
Total Engine Zone 166,643 511,525 1.60 3.05 5.84 96.21 0.57 285.7 8,159 15,606 29,851 1,582,339 9,407
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 158,095 478,019 2.26 1.97 4.57 22.90 0.17 222.5 3,579 3,117 7,227 116,394 855
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 65,214 207,497 2.45 3.88 7.96 104.27 0.21 360.7 1,601 2,531 5,194 218,627 436
Northern Zone
Classification
Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 90,552 264,973 1.53 1.62 2.47 10.61 2.33 222.2 1,389 1,468 2,233 30,882 6,795
Parys Mountain Project 54 November 2012
Table 1.36: Mineral Resources for Parys Mountain at US$180 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 11,884 37,607 0.73 4.71 8.23 61.00 1.00 287.7 274 1,769 3,095 73,751 1,211
Inferred 15,436 47,623 0.64 3.75 6.53 66.97 0.54 235.5 305 1,787 3,111 102,531 829
-40.00 -80.00 Indicated 36,599 113,458 0.55 3.84 7.02 50.56 0.63 230.4 623 4,354 7,960 184,439 2,314
Inferred 7,901 24,536 0.80 3.37 7.40 59.45 0.08 227.6 196 828 1,815 46,898 60
-80.00 -120.00 Indicated 18,442 58,737 0.62 5.03 8.84 53.53 0.31 265.3 366 2,955 5,191 101,091 588
Inferred 536 1,636 0.70 2.54 6.50 41.04 0.07 186.2 12 41 106 2,159 3
-120.00 -160.00 Indicated 13,429 43,494 0.74 5.81 9.82 54.75 0.60 306.0 321 2,526 4,273 76,566 838
Inferred 1,141 3,488 0.44 3.28 6.23 49.61 0.03 184.4 15 114 217 5,563 3
-160.00 -200.00 Indicated 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-200.00 -240.00 Indicated 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-240.00 -280.00 Indicated 735 2,251 0.31 3.19 6.52 38.66 0.69 196.7 7 72 147 2,798 50
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-280.00 -320.00 Indicated 247 724 0.58 1.36 3.88 51.43 1.39 183.4 4 10 28 1,197 32
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-320.00 -360.00 Indicated 3,264 9,845 0.43 2.53 5.58 56.76 0.97 203.5 43 249 549 17,964 306
Inferred 161 486 0.53 2.46 5.82 51.68 0.67 196.3 3 12 28 807 10
-360.00 -400.00 Indicated 3,083 9,307 0.43 2.61 5.60 71.04 0.52 198.8 40 243 521 21,257 156
Inferred 2,848 8,606 0.43 2.64 5.65 80.17 0.48 204.6 37 227 486 22,183 134
-400.00 -440.00 Indicated 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Subtotal White Rock Zone Indicated 115,705 361,797 1 4.20 7.61 56.67 0.56 248.4 2,246 15,187 27,527 659,204 6,534
White Rock Zone Inferred 87,683 275,421 1 4.42 7.90 54.10 0.62 255.2 1,678 12,178 21,763 479,060 5,495
Total White Rock Zone 28,022 86,376 1 3.48 6.67 64.87 0.37 227.0 567 3,010 5,763 180,144 1,039
Parys Mountain Project 55 November 2012
Table 1.36: Mineral Resources for Parys Mountain at US$180 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 1,270 3,817 0.88 2.51 4.95 127.54 1.14 272.5 34 96 189 15,651 140
Inferred 5,055 15,879 1.81 3.91 7.15 55.60 1.07 315.4 287 622 1,135 28,386 546
-240.00 -280.00 Indicated 11,050 33,487 0.77 2.83 5.47 125.94 1.17 278.5 259 947 1,833 135,593 1,265
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 22,288 67,855 0.99 3.00 5.57 129.36 1.02 289.7 671 2,033 3,780 282,208 2,218
Inferred 3,146 9,530 1.30 2.53 5.19 89.52 0.99 265.1 124 241 495 27,430 303
-320.00 -360.00 Indicated 6,041 18,561 1.73 3.37 5.41 118.75 0.36 299.4 320 626 1,004 70,866 215
Inferred 1,788 5,447 1.18 2.90 5.56 119.93 0.73 281.0 64 158 303 21,002 127
-360.00 -400.00 Indicated 23,599 71,242 1.66 2.57 4.44 130.08 0.45 283.1 1,183 1,834 3,166 297,954 1,025
Inferred 2,226 6,569 1.54 1.66 3.16 60.94 0.34 196.0 101 109 208 12,869 73
-400.00 -440.00 Indicated 33,727 101,949 1.78 2.22 4.79 74.49 0.41 248.6 1,814 2,259 4,885 244,173 1,328
Inferred 1,425 4,432 2.01 2.79 6.92 38.56 0.46 272.8 89 124 307 5,494 65
-440.00 -480.00 Indicated 21,746 69,925 2.18 4.68 8.48 87.08 0.34 358.2 1,527 3,272 5,930 195,759 774
Inferred 10,668 34,110 2.01 4.24 8.46 75.43 0.40 337.1 687 1,446 2,886 82,723 441
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 120,113 368,072 1.58 3.02 5.67 105.36 0.59 289.6 5,832 11,114 20,875 1,246,824 6,996
Engine Zone Inferred 31,345 98,906 1.94 3.84 7.59 75.53 0.58 323.0 1,923 3,793 7,511 240,189 1,831
Total Engine Zone 151,458 466,978 1.66 3.19 6.08 99.04 0.59 296.6 7,756 14,907 28,386 1,487,012 8,828
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 133,108 400,797 2.65 1.54 4.19 23.57 0.18 231.5 3,522 2,054 5,573 100,871 769
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 62,791 200,287 2.49 3.96 8.11 107.16 0.21 367.6 1,564 2,484 5,092 216,340 426
Northern Zone
Classification
Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 67,009 196,148 1.51 1.64 2.52 10.27 2.86 240.4 1,012 1,099 1,691 22,134 6,157
Parys Mountain Project 56 November 2012
Table 1.37: Mineral Resources for Parys Mountain at US$200 GMPV Cut-Off Grade
White Rock Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
0.00 -40.00 Indicated 10,518 33,485 0.76 4.93 8.60 62.58 1.04 299.7 254 1,652 2,878 67,371 1,119
Inferred 11,606 36,081 0.68 4.04 6.99 71.37 0.53 250.5 247 1,458 2,521 82,790 617
-40.00 -80.00 Indicated 25,504 79,620 0.59 4.13 7.42 53.70 0.74 247.7 469 3,286 5,907 137,451 1,895
Inferred 5,411 16,925 0.86 3.58 7.88 65.08 0.07 243.8 146 606 1,334 35,411 40
-80.00 -120.00 Indicated 13,100 42,425 0.69 5.63 9.98 55.55 0.35 294.8 292 2,390 4,235 75,775 477
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-120.00 -160.00 Indicated 11,792 38,525 0.78 6.15 10.37 56.50 0.58 320.6 300 2,369 3,997 69,985 721
Inferred 18 56 0.65 4.56 8.20 45.66 0.02 236.0 0 3 5 82 0
-160.00 -200.00 Indicated 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-200.00 -240.00 Indicated 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-240.00 -280.00 Indicated 250 774 0.34 3.77 7.06 38.76 0.80 217.2 3 29 55 965 20
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-280.00 -320.00 Indicated 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
-320.00 -360.00 Indicated 1,795 5,422 0.43 2.64 5.64 58.17 1.24 216.0 23 143 306 10,141 216
Inferred 44 133 0.50 2.46 5.54 51.68 1.04 204.4 1 3 7 221 4
-360.00 -400.00 Indicated 1,380 4,189 0.49 2.77 5.89 73.35 0.53 209.6 20 116 247 9,879 71
Inferred 1,673 5,070 0.44 2.67 5.88 84.35 0.55 214.2 23 135 298 13,749 90
-400.00 -440.00 Indicated 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Inferred 0 0 0.00 0.00 0.00 0.00 0.00 0.0 0 0 0 0 0
Subtotal White Rock Zone Indicated 64,339 204,441 0.67 4.88 8.62 56.53 0.69 278.0 1,361 9,985 17,625 371,570 4,520
White Rock Zone Inferred 18,751 58,265 0.72 3.79 7.15 70.60 0.40 245.3 417 2,206 4,165 132,254 751
Total White Rock Zone 83,091 262,705 0.68 4.64 8.29 59.65 0.62 270.7 1,778 12,191 21,790 503,822 5,270
Parys Mountain Project 57 November 2012
Table 1.37: Mineral Resources for Parys Mountain at US$200 GMPV Cut-Off Grade Continued
Engine Zone
Top Elevation Bottom Elevation Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
-160.00 -200.00 Indicated 353 1,105 1.98 3.66 6.81 120.20 0.86 352.7 22 40 75 4,270 30
-200.00 -240.00 Indicated 874 2,665 1.09 2.97 5.71 138.04 1.18 308.0 29 79 152 11,827 101
Inferred 5,027 15,793 1.82 3.93 7.15 55.71 1.07 316.1 287 620 1,130 28,288 544
-240.00 -280.00 Indicated 8,521 26,016 0.86 3.05 5.92 137.45 1.28 303.2 223 793 1,540 114,968 1,067
Inferred 21 68 1.93 3.91 7.09 54.93 1.02 318.2 1 3 5 120 2
-280.00 -320.00 Indicated 20,288 61,936 1.01 3.08 5.75 133.95 1.07 299.3 626 1,906 3,559 266,727 2,131
Inferred 3,068 9,298 1.30 2.55 5.23 91.10 0.99 267.1 121 237 487 27,234 296
-320.00 -360.00 Indicated 5,552 17,112 1.80 3.48 5.53 122.00 0.36 308.7 308 596 946 67,119 199
Inferred 1,293 3,976 1.26 3.15 6.16 138.68 0.90 315.1 50 125 245 17,728 115
-360.00 -400.00 Indicated 20,175 61,180 1.78 2.72 4.63 136.97 0.46 298.7 1,089 1,663 2,834 269,416 901
Inferred 878 2,605 1.58 1.91 3.39 66.74 0.35 209.0 41 50 88 5,590 29
-400.00 -440.00 Indicated 28,540 86,568 1.90 2.30 4.94 76.28 0.42 259.3 1,641 1,990 4,279 212,300 1,169
Inferred 1,423 4,426 2.01 2.79 6.92 38.56 0.46 272.9 89 124 306 5,488 65
-440.00 -480.00 Indicated 21,283 68,530 2.21 4.73 8.55 87.80 0.35 361.6 1,513 3,240 5,860 193,452 766
Inferred 10,378 33,242 2.03 4.29 8.57 76.06 0.41 341.0 676 1,426 2,849 81,288 438
-480.00 -520.00 Indicated 41 132 2.54 4.54 9.23 82.93 0.29 379.1 3 6 12 352 1
Inferred 7,016 22,871 2.49 4.77 9.50 84.54 0.37 387.3 570 1,092 2,173 62,162 273
Subtotal Engine Zone Indicated 105,627 325,245 1.68 3.17 5.92 109.06 0.61 302.8 5,455 10,313 19,257 1,140,437 6,366
Engine Zone Inferred 29,104 92,279 1.99 3.98 7.89 76.81 0.59 332.6 1,835 3,676 7,282 227,897 1,762
Total Engine Zone 134,732 417,524 1.75 3.35 6.36 101.93 0.61 309.4 7,290 13,989 26,539 1,368,334 8,128
Deep Engine Zone
Classification Volume
(m3) Tonnes
Cu
(%)
Pb
(%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 106,817 320,255 3.10 1.13 3.70 24.84 0.19 243.0 3,306 1,207 3,955 85,317 649
Garth Daniel Zone
Classification Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 60,238 192,628 2.53 4.03 8.26 110.20 0.22 374.7 1,523 2,429 4,973 213,424 417
Northern Zone
Classification
Volume
(m3) Tonnes
Cu
(%) Pb (%)
Zn
(%)
Ag
(%)
Au
(%) GMPV
Cu
(Tonnes)
Pb
(Tonnes)
Zn
(Tonnes)
Ag
(Ounces)
Au
(Ounces)
Inferred 46,834 136,276 1.53 1.36 2.20 7.80 3.75 263.5 717 638 1,032 11,742 5,653