Growth Ambitions and Development Update
Stage 1: Fountain Head and Glencoe Gold Deposits
Table 4: Fountain Head and Tally Ho Mineral Resources by JORC Classification as at 16 June 2020, reported utilising a cut-off grade of
>0.7 g/t Au which is consistent with the assumed open cut mining method. See ASX Release 16 June 2020 for JORC tables
JORC Classification
Indicated
Inferred
Total
Indicated
Inferred
Total
Indicated
Inferred
Total
Tonnage (Mt)
Au (g/t)
Tally Ho
0.94
2.0
Ounces (Koz)
59
0.94
2.0
59
Fountain Head
0.89
1.4
41
1.11
1.6
56
2.00
1.5
96
Total Fountain Head + Tally Ho*
1.83
1.7
100
1.11
2.94
1.6
1.7
56
156
Table 5: Glencoe Mineral Resources by oxidation zone and JORC Classification as at 26 April 2021 estimated using a cut-off grade of 0.7 g/t Au
which is consistent with the assumed open-cut mining method. See ASX Release 26 April 2021 for JORC tables
JORC
Classification
Ounces (Koz)
20
Oxidation
Tonnage (Mt)
Au (g/t)
Oxide
0.5
1.3
Inferred
Transitional
Fresh
0.3
1.2
1.3
1.1
Total
2.1
1.2
48
79
2722
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market
announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements
referenced in this release continue to apply and have not materially changed.
PNZ
METALS
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