Investor Presentaiton
ORE RESERVE TABLE
-
DECEMBER 2019
Gruyere Project Joint Venture - 100% Basis
Tonnes
Grade
Contained Metal
Tonnes
Project Name / Category
(Mt)
(g/t Au)
(Moz Au)
(Mt)
Grade
(g/t Au)
Gold Road Attributable
Contained Metal
(Moz Au)
Gruyere Total
86.84
1.22
3.41
43.42
1.22
1.71
Proved
Probable
14.40
1.05
0.49
7.20
1.05
0.24
72.44
1.26
2.93
36.22
1.26
1.46
Golden Highway Total
6.54
1.46
0.31
3.27
1.46
0.15
Proved
Probable
Total Gruyere JV
Proved
Probable
0.32
1.67
0.02
0.16
1.67
0.01
6.22
1.45
0.29
3.11
1.45
0.15
93.38
1.24
3.72
46.69
1.24
1.86
14.73
1.06
0.50
7.36
1.06
0.25
78.66
1.27
3.22
39.33
1.27
1.61
NOTES FOR MINERAL RESOURCE AND ORE RESERVE TABLES
"
All Mineral Resources and Ore Reserves are completed in accordance with the JORC Code 2012 Edition
All figures are rounded to reflect appropriate levels of confidence. Apparent differences may occur due to rounding. All dollar amounts are in Australian dollars
Mineral Resources are inclusive of Ore Reserves. Gruyere Measured category includes Surface Stockpiles. Gruyere Proved category includes Surface Stockpiles. Mineral Resources and Ore Reserves are
depleted for mining
The Gruyere JV is a 50:50 joint venture between Gold Road and Gruyere Mining Company Pty Limited, a wholly owned Australian subsidiary of Gold Fields Ltd. Figures are reported on a 100% basis unless
otherwise specified
Gold Road holds an uncapped 1.5% net smelter return royalty on Gold Fields' share of production from the Gruyere JV once total gold production from the Gruyere JV exceeds 2 million ounces
All Open Pit Mineral Resources are reported at various cut-off grades allowing for processing costs, recovery and haulage to the Gruyere Mill. Gruyere - 0.37 g/t Au. Attila, Argos, Montagne, Orleans, and
Alaric 0.50 g/t Au. YAM14 -0.40 g/t Au. All Open Pit Mineral Resources are constrained within a A$1,850/oz optimised pit shell derived from mining, processing and geotechnical parameters from
ongoing PFS and operational studies. Underground Mineral Resources at Central Bore are constrained within a 1.5m wide optimised stope with a 3.5 g/t Au cut-off reflective of a A$1,850/oz gold price
The Ore Reserves are constrained within a A$1,600/oz mine design derived from mining, processing and geotechnical parameters as defined by Pre-feasibility Studies and operational studies. The Ore
Reserves are evaluated using variable cut-off grades: Gruyere - 0.30 g/t Au. Attila - 0.65 g/t Au (fresh), 0.58 g/t Au (transition), 0.53 g/t Au (oxide). Alaric - 0.59 g/t Au (fresh), 0.56 g/t Au (transition), 0.53 g/t
Au (oxide), Montagne - 0.64 g/t Au (fresh), 0.60 g/t Au (transition), 0.58 g/t Au (oxide), Argos -0.66 g/t Au (fresh), 0.64 g/t Au (transition), 0.59 g/t Au (oxide). Ore block tonnage dilution and mining
recovery estimates: Gruyere - 7% and 98%. Attila - 14% and 97%. Alaric -20% and 94%. Montagne - 9% and 93%. Argos 10% and 88%
GOLD
ROAD
RESOURCES
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