Just under $130,000,000 here alone @ $1200 an ounce2. Buccaneer...

Just under $130,000,000 here alone @ $1200 an ounce

2. Buccaneer HGZ Resources Estimations
Table 2a. Combined Resource Estimation with no
top-cut, using a 1g/t block model cut-off
Table 2b. Combined Resource Estimation using a
variable top-cut, and a 1g/t block model cut-off
Tonnes Gold (g/t) Ounces
Tonnes Gold (g/t) Ounces
Indicated 7,117,000 2.25 515,300 Indicated 7,117,000 2.00 458,500
Inferred 8,183,000 2.78 732,200 Inferred 8,183,000 2.43 639,700
Total 15,300,000 2.54 1,247,500 Total 15,300,000 2.23 1,098,200
Table 2c. Combined Resource Estimation with no
top-cut, using a 2g/t block model cut-off
Table 2d. Combined Resource Estimation using a
variable top-cut, and a 2g/t block model cut-off
Tonnes Gold (g/t) Ounces
Tonnes Gold (g/t) Ounces
Indicated 2,261,000 4.17 303,000 Indicated 2,261,000 3.39 246,200
Inferred 3,573,000 4.56 523,500 Inferred 3,573,000 3.75 431,100
Total 5,834,000 4.41 826,500 Total 5,834,000 3.61 677,300
Note – totals may vary due to rounding
For further information refer to ASX release dated 05/02/2013.
3. Twin Bonanza Global Resource (Old Pirate and Buccaneer)
Table 3.1 Twin Bonanza Global Resource with Old Pirate at 1g/t cut-off & Buccaneer at 2.0g/t cut-off
Project Tonnes
all categories
Grade (g/t Au)
all categories Ounces gold
Old Pirate Trend 1,882,000 10.1 611,000
Buccaneer HGZ 5,834,000 3.61 677,300
Total 7,716,000 5.19 1,288,300
Table 3.2 Twin Bonanza Global Resource with Old Pirate & Buccaneer at 1.0g/t cut-off
Project Tonnes
all categories
Grade (g/t Au)
all categories Ounces gold
Old Pirate Trend 1,882,000 10.1 611,000
Buccaneer HGZ 15,300,000 2.23 1,098,200
Total 17,182,000 3.10 1,709,200
Note – totals may vary due to rounding
For further information refer to ASX release dated 05/02/2013.
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