Investor Presentaiton
Soto Norte Mineral Reserves
Soto Norte Mineral Reserves effective January 1, 2021
Classification
Grade
Contained Metal
Tonnes
(kt)
Gold (g/t)
Silver (g/t)
Copper (%)
Gold (koz)
Silver (koz)
Copper (klb)
Probable Mineral Reserves
24,767
6.22
34.4
0.19
4,950
27,386
102,868
The mineral reserve estimate has been approved by Chris Bray, BEng, MAusIMM (CP) of SRK Consulting, who is a Qualified Person as defined by National Instrument 43-101.
Totals may not add up due to rounding.
Notes:
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Mineral Reserves are reported above a cut-off value of $120 per tonne, which was selected based on a hill of value study to optimize value, and which considers metal price
assumptions of $1,300 per ounce of gold, $18 per ounce of silver, and $7,000 per tonne of copper, metallurgical recovery assumptions of 92.5% for gold, 92% for silver, and
76% for copper, mining costs, processing costs, general and administrative costs, and other factors.
Aside from the requirements to amend and extend the Soto Norte 0095-68 mining license and to prepare, submit, and receive approval of a new ESIA from ANLA, there are
no known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources and mineral reserves.
ARIS GOLD
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