Ann: Van Uden Gold Project MRE Conversion (Amended), page-45

TG6 effectively has a "stockpile" of 759k @ 0.7g/t. This stockpile is the laterite that starts at surface and is a few metres deep. When you see a red layer in the pits that then turns whiter/brown shades. That red layer is the laterite which you can see all the way around this Tasman Pit picture and as per the cross section the laterite ore zone in that location is 160m wide while Tasman pit is 107m wide. 53m of laterite off to the side of the pit (and many other locations around the Van Uden site.

TG6 will most likely want to drill this with a heap of 3-6m drill holes before its mined. For the indicated grades (6940 oz) TG6 already has reasonably good confidence about what's there. For the Inferred there's a heap of perhaps 5m drill holes required to confirm grades and then its a case of scraping off any surface material that is not believed to be mineralised and then scraping the site specific depth off (frequently 3-5m) and putting that material into trucks that then drive to the toll operator for them to process.


On this Diemen cross section (ignore the typo calling it 35m of Tasman pit), the laterite zone is 340m wide and some areas are >1g/t.



6,940oz of this has been estimated at Indicated level of accuracy. 11,800oz is measured at inferred level of accuracy. That accuracy level is likely to relate to the accuracy around the grade rather than its existence. The Laterite has been documented to exist at the site for over 30 years. Earlier estimates had smaller quantities but higher grades so quite a bit of that 18,740oz will be contained in grades above 0.7g/t.


Regarding the "formal" ore piles, David made a comment in one of the videos that they were estimated at 60-100kt of material at 0.6g/t to 1.5g/t. Its unlikely we will get a better update until the assay's come back confirming grades. Its possible the wide volume range relates to whether or not the Diemen pit leach pile has a grade suitable for toll milling.