Junior Mining Investment Pitch slide image

Junior Mining Investment Pitch

Resource Statement Illinois Creek Oxide Combined In-situ and Leach Pad Mineral Resource Estimate In-Situ Mineral resources are stated as contained within a pit shell developed using metal prices of US$1,600/oz Au and US$20/oz Ag, mining costs of US$2.50/t, processing costs of US$10/t, G&A cost of US$4.00/t, 92% metallurgical recovery Au, 65% metallurgical recovery Ag and an average pit slope of 45 degrees. AuEq values are based only on gold and silver values using metal prices of US$1,600/oz Au and US$20/oz Ag. The cut-off grade for resources considered amenable to open pit extraction methods is 0.35 g/t AuEq or 40 g/t AgEq. It is assumed that the entire volume of the material on the leach pad will be processed and therefore, no selectivity is possible, and the Leach Pad Mineral Resources are presented at a zero-cut-off grade. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. Mineral resources in the Inferred category have a lower level of confidence than that applied to Indicated mineral resources, and, although there is sufficient evidence to imply geologic grade and continuity, these characteristics cannot be verified based on the current data. It is reasonably expected that the majority of Inferred mineral resources could be upgraded to Indicated mineral resources with continued exploration. Tonnes Average Grade Contained Metal Class (M) AgEq AgEq AuEq Ag Au AgEq AuEq Ag Au (g/t) (oz/t) (g/t) (g/t) (g/t) (Moz) (Koz) (Moz) (Koz) Indicated 8.7 136 4.4 1.33 34.4 0.9 38.3 373 9.6 253 Inferred 3.3 148 5.0 1.44 36.2 0.99 15.8 152 3.8 104 TSX-V: WAM 34
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