The Indicated and Inferred Mineral Resources at Novo’s Beatons Creek Conglomerate Gold Project are outlined in the table below:
Open Pit Mineral Resources (oxide and fresh mineralisation)
Classification
Cut-off grade (g/t)
Tonnes
Gold grade (g/t)
Contained gold (oz)
| Indicated |
| Inferred |
| 0.5 |
| 0.5 |
| 6,645,000 |
| 3,410,000 |
| 2.1 |
| 2.7 |
| 457,000 |
| 294,000 |
Open Pit Mineral Resources (oxide mineralisation only)
Classification
Cut-off grade (g/t)
Tonnes
Gold grade (g/t)
Contained gold (oz)
| Indicated |
| Inferred |
| 0.5 |
| 0.5 |
| 4,500,000 |
| 765,000 |
| 1.9 |
| 1.8 |
| 272,000 |
| 44,000 |
Open Pit Mineral Resources (fresh mineralisation only)
Classification
Cut-off grade (g/t)
Tonnes
Gold grade (g/t)
Contained gold (oz)
| Indicated |
| Inferred |
| 0.5 |
| 0.5 |
| 2,145,000 |
| 2,645,000 |
| 2.7 |
| 2.9 |
| 185,000 |
| 250,000 |
Underground Mineral Resources (fresh mineralisation)
Classification
Cut-off grade (g/t)
Tonnes
Gold grade (g/t)
Contained gold (oz)
| Indicated |
| Inferred |
| – |
| 3.5 |
| – |
| 885,000 |
| – |
| 5.3 |
| – |
| 152,000 |
Total Mineral Resources (oxide and fresh mineralisation, open pit and underground)
Classification
Cut-off grade (g/t)
Tonnes
Gold grade (g/t)
Contained gold (oz)
| Indicated |
| Inferred |
| 0.5 |
| 0.5, 3.5 |
| 6,645,000 |
| 4,295,000 |
| 2.1 |
| 3.2 |
| 457,000 |
| 446,000 |
Notes:
- Open pit Mineral Resources contain oxide and fresh mineralisation within an optimised shell and constrained within a mineralised wireframe. A cut-off grade of 0.5 g/t gold was applied.
- An optimised Whittle pit shell was estimated with the following indicative parameters:
- US$1,311 (AU$ $1,850) / troy ounce
- Metallurgical recoveries of 95% oxide and 90% fresh
- SGs applied: Oxide 2.40 t/m3 and fresh 2.85 t/m3 based on measurements taken on drill core
- US$2.40 / tonne mining cost for oxide and US$3.68 / tonne for fresh
- US$17.00 / tonne oxide and US$19.00 / tonne fresh processing cost
- US$3.00 / tonne general and administrative costs.
- Underground Mineral Resources contain fresh mineralisation outside the optimised shell. Underground resources are constrained to discrete areas of contiguous mineralisation. A cut-off grade for underground resources of 3.5 g/t gold has been applied.
- Totals may not sum due to rounding.
