TULARE - KISELJAK INFERRED RESOURCE ESTIMATE
| Million Tonnes |
Cu
Equiv.
(g/t) |
Au
Equiv.
(g/t) |
Cu |
Au |
S (%) |
| % |
Bn lbs |
g/t |
Moz |
| 300.5 |
0.43 |
0.71 |
0.27 |
1.79 |
0.26 |
2.51 |
1.67 |
Notes:
- The effective date of the mineral resource estimate is 22 November 2012
- CIM definitions were used for Mineral Resources
- A cut-off of 0.25% Cu Equivalent is applied for all zones
- Figures have been rounded to the appropriate level of precision for the reporting of an Inferred Resource
- Due to rounding, some columns or rows may not compute exactly as shown
- No Mineral reserves have been estimated for the Kiseljak deposit
- Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
- The copper price used in this estimate is the mean of monthly average London Metal Exchange copper spot prices for 2010, 2011, and 2012, and is US$3.60/lb. The gold price used in this estimate is the mean of the monthly average spot gold prices for 2010, 2011, and 2012, and is US$1,500/oz.
- The copper and gold equivalent cut-offs, used by Dunav, are based on the in situ grades, using the following formulas with a gold price of US$48.23/gramme and a copper price of US$79.356/percent
Cu_eq = ((Au*48.23)+(Cu*79.356))/79.356
Au_eq = ((Au*48.23)+(Cu*79.356))/48.23
Total Surdulica Project -- by Resource Classification
Grade Tonnage Report as at April 20, 2009
Block Model: sur0409m.dm
U niform Conditioning Estimate Mo
Parent Block Size 40m x 40m x 10m -- SMU 10m x 10m x 10m |
| Classification |
Cutoff
(ppm Mo) |
Tonnage
Mt |
Mo
(ppm) |
| Inferred |
100 |
340 |
297 |
| 200 |
205 |
393 |
| 300 |
125 |
488 |
Base Case |
| 400 |
77 |
577 |
| Indicated |
100 |
43 |
349 |
| 200 |
32 |
413 |
| 300 |
22 |
487 |
Base Case |
| 400 |
14 |
562 |
The independent Qualified Persons responsible for the Surdulica mineral resource estimate are Doug Corley BApp Sc, BSc (Hons IIA) MAIG, Associate Resource Gologist and Paul Mazzoni BSc (Hons), MSc, MSEG, FAusIMM, Chief Geologist of coffey Mining Pty. Ltd. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of ineral resources may be materially affected by envirnonmental, permitting, legal, marketing, or other relevant issues. A technical report in support of the above disclosure has been filed on SEDAR by Dunav Resources Ltd.
