Reserves and Resources

^As at 31 March 2017
#Based on a cut-off grade of 1.0g/t Au
*Based on a cut-off grade of 1.9g/t Au

Remaining Indicated Resources ^#

1,872Kt

(at an average grade of 7.75 g/t Au)

Contained Metal(kilogram, gold): 14,517
Remaining Inferred Resources^#

1,555 Kt

(at an average grade of 6.60 g/t Au)

Contained Metal(kilogram, gold): 14,517
Remaining Probable Ore Reserves^*

1,657 Kt

(at an average grade of 5.74 g/t Au)

Contained Metal(kilogram, gold): 14,517
Contained Metal:
(kilogram, gold)
14,517
10,269
9,514

^As at 31 March 2017
#Based on a cut-off grade of 1.0g/t Au
*Based on a cut-off grade of 1.9g/t Au


 

Remarks

  1. Source: SRK (Grand T G Gold engaged SRK in 2016 to prepare a JORC-compliant technical report dated September 2016 on the Taizhou Mines Project (“2016 Report”) and in the technical report SRK estimated the resources and reserves there as at 31 March 2016. In 2017, a subsequent report was compiled based on the production record from 1 April 2016 to 31 March 2017, and the resource and reserve model was established by SRK as at 31 March 2017)
  2. According to Chapter 18A of the Listing Rules Governing the Listing of Securities on the GEM of the HKEx (Rule 18A.30(3)), only the Measured and Indicated Resources may be included in an economic analysis and the Mineral Resources may be converted to Ore Reserves only after the related modifying factors are demonstrated to comply with accepted economic principles

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