TIDMRSG
RNS Number : 6876A
Resolute Mining Limited
23 January 2024
24 January 2024
Resolute Announces Maiden Mineral Resource at Tomboronkoto
Resolute Mining Limited ("Resolute" or "the Company") (ASX/LSE:
RSG) is pleased to provide an update on our Senegal exploration
prospects, including a maiden Inferred Mineral Resource Estimate at
the Tomboronkoto ("Tombo") project.
Resolute has been focusing on three potential satellite deposits
that could result in an extension to the Mako mine. These are
Tomboronkoto and the prospects at Bantaco and Laminia where Joint
Venture agreements have been concluded.
Highlights
Tomboronkoto
-- Maiden Inferred Mineral Resource Estimate (MRE) for the
Tomboronkoto prospect of 3.4Mt grading 2.2g/t Au for 264 koz at
1g/t cut-off or 10.2Mt grading 1.2 g/t Au for 403 koz at 0.5 g/t
cut-off
-- Tomboronkoto is located 20km by road from the Mako Processing Plant
-- The MRE is based on shallow drilling completed to date with
the majority of the current resource located in the top 100m and
remains open along strike to the west and down dip
-- Preliminary metallurgical test-work on samples from
Tomboronkoto show the mineralisation is free milling with
recoveries exceeding 90% from fresh and weathered gold mineralised
materials
-- The focus over the remainder of 2024 will be on both infill
drilling to convert Inferred resources to the Indicated category
and further drilling to expand the resource
Bantaco
-- Resolute has signed a Joint Venture ("JV") with SNEPAC, a
local Senegalese company, to earn into the Bantaco project located
20km east of Mako
-- Bantaco also provides an excellent opportunity to discover an
open cut gold resource within trucking distance of Mako
Laminia
-- Resolute has signed a Joint Venture on the Laminia Project
which is located east and contiguous with the Bantaco JV area
-- The Laminia Project covers the southern extensions of the
Massawa Shear zone which controls the gold mineralisation hosted in
the Massawa Deposits held by Endeavour Mining Corporation
Terry Holohan, CEO commented: " We are very pleased to report
the progress we are making in Senegal to extend the life of our
Mako operation with now three projects close to our mine and within
the same Greenstone Belt following the recent successful conclusion
of the two JVs. We will be stepping up our overall exploration
efforts in 2024 on these exciting projects which have well known
areas of outcropping mineralisation, and we expect further progress
updates throughout the year. The completion of the maiden Inferred
Mineral Resource at Tomboronkoto within 6 months is a significant
achievement and reflects the efforts and ability of our exploration
and operations teams on the ground ."
Tomboronkoto
Location
Tomboronkoto is located 16km east of the Mako Processing Plant -
see Figure 1. It is approximately 20km by road and, therefore
pending cost analysis, we are confident of the opportunity for
hauling material to the existing Plant.
Figure 1: Senegal Geology and Project Locations.
Drilling Program
Resolute commenced its first Reverse Circulation drilling
campaign at Tomboronkoto in mid-2023. A total of 54 holes for 8,900
metres was completed with the program ending in October 2023.
This was the first program completed by Resolute on the prospect
and was focused on better defining the gold mineralisation zone
identified by previous explorers including Randgold Resources.
The drilling program achieved the goals as set out with assay
results confirming the target zone with broad intersections of
medium to high-grade gold mineralisation in most holes drilled
during the program. Significant intersections are listed in
Appendix 1.
Figure 2. Tomboronkoto Geological Interpretation and Drillhole
Locations
Mineralisation is currently interpreted to be within a shear in
the granodiorite unit. Intensity of gold mineralisation appears to
correlate with the intensity of pyrite development and exhibits
good lateral and vertical continuity through the mineralised
zone.
Mineralisation has a relatively simple geometry comprising a
zone that varies from 30 to 60m in width, along the 1,700m strike
length drilled to date. The zone dips approximately 70 to the
south-southeast - a cross section representative of the typical
mineralisation shape is shown on Figure 3.
Figure 3: Cross Section Tomboronkoto
Mineral Resource Estimate
The Tomboronkoto MRE was developed in December 2023 using
wireframe constrained Ordinary Kriged ("OK") estimation
methodology, within two nested Leapfrog Indicator wireframes at 0.2
g/t Au and 0.75g/t Au.
A Global Mineral Resource Estimate of 10.4Mt grading 1.2g/t Au
for 403,000oz was estimated at a cut-off of 0.5g/t (in-line with
the current cut-off grade used to define Mako's Mineral Resources).
At a higher 1g/t cut off the grade increases to 2.2g/t with a total
of 264,000oz Au. Further cost analysis is required to determine the
appropriate cut-off grade for Tomboronkoto.
Classification Tonnes Grade (g/t Ounces (Au)
Au)
Inferred 10,204,000 1.2 403,000
---------------- ----------- ----------- ------------
Total 10,204,000 1.2 403,000
---------------- ----------- ----------- ------------
Table 1: Tomboronkoto Mineral Resources at December 2023 (0.5g/t
cut off)
Classification Tonnes Grade (g/t Ounces (Au)
Au)
Inferred 3,685,000 2.2 264,000
---------------- ---------- ----------- ------------
Total 3,685,000 2.2 264,000
---------------- ---------- ----------- ------------
Table 2: Tomboronkoto Mineral Resources at December 2023 (1g/t
cut off)
So far most of the Tomboronkoto deposit is only drilled to 100m
below surface and is open along strike and down dip. Further
drilling is expected to expand the Mineral Resource.
Preliminary metallurgical test work was undertaken by Resolute
on Reverse Circulation ("RC") samples from the recent drilling
campaign conducted at Tomboronkoto.
The sample selection encompassed different ore types of the ore
body across various depths from the surface. Leach tests were
conducted under conditions that closely mimic the current Mako
Plant CIL circuit parameters. The results from the leach test work
demonstrate that the Tomboronkoto ore body is free milling, with
recoveries exceeding 90% from fresh and weathered gold mineralised
material.
Future Exploration
Future exploration at Tomboronkoto in 2024 will be focused on
both infill drilling to convert Inferred Mineral Resource to
Indicated category and further drilling to expand the resource. The
deposit remains open at depth and along strike to the west.
Drilling at Tomboronkoto will focus on open pit extractable
Mineral Resources and will generally be restricted to
mineralisation within 200m of the surface. The 2024 exploration
program at Tomboronkoto comprises a drilling program of 20,000m of
RC drilling and 3,000m of diamond drilling with a budget cost of
US$4 million. This work is aimed at increasing the Mineral
Resources.
Bantaco Joint Venture
Resolute recently signed a Joint Venture with SNEPAC, a local
Senegalese company, to earn into the Bantaco prospect located east
of Mako - see Figure 1 for location.
The Bantaco project presents an opportunity in the short term to
find an economically exploitable gold resource to extend the life
of Mako.
The project area has extensive artisanal workings in two main
locations, Baisso in the southwest and Bantaco in the northeast of
the permit.
Exploration activity is expected to commence in the first
quarter of 2024. The approved exploration budget for Bantaco for
2024 is US$1.4 million which will include a 10,000m RC drilling
program, over areas of known outcropping mineralisation.
Figure 4: Bantaco Location and soil geochemistry
Laminia Joint Venture
Resolute has signed a Joint Venture on the Laminia Project which
is located east and contiguous with the Bantaco JV area - see
figure 1. The Laminia Project covers the southern extensions of the
Massawa Shear zone which controls the gold mineralisation hosted in
the Massawa Deposits held by Endeavour Mining Corporation.
Auger drilling in the northwestern part of the permit covering
the southern extensions of the Massawa shear zone, delineated a 3km
gold anomaly open to the South. Subsequent RC drilling encountered
encouraging results.
The eastern part of the permit covers the southern extension of
the Makosa (Thor Exploration) and Makabingui (Bishop Resources)
shears. Gold in soil results highlighted two long anomalies along
the shears which will be tested by auger drilling.
Summary of Tomboronkoto Resource Parameters
A summary of JORC Table 1 is provided below for compliance
regarding the Mineral Resources reported within and in-line with
requirements of ASX Listing Rule 5.8.1.
Geology and geological interpretation
Mineralisation is currently interpreted to be within a shear in
the granodiorite unit. Intensity of gold mineralisation appears to
correlate with the intensity of pyrite development and exhibits
good lateral and vertical continuity through the mineralised
zone.
Mineralisation has a relatively simple geometry comprising a
zone that varies from 30 to 60m in width, along the 1,700m strike
length drilled to date. The zone dips approximately 70 to the
south-southeast.
Sampling and sub-sampling techniques
Reverse circulation samples were collected on 1m intervals by
riffle split (dry) or by scoop (wet) to obtain a 1-3kg sample.
Sample preparation includes oven drying, crushing to 10mm,
splitting and pulverising to 85% passing -75um. These preparation
techniques are deemed to be appropriate to the material being
sampled.
Reverse circulation and core field duplicates were collected by
the company at a rate of 1:20 samples.
Sampling, sample preparation and quality control protocols are
of industry standard, and all attempts were made to ensure an
unbiased representative sample was collected.
Drilling techniques
Drill types used include reverse circulation with face sampling
bit and historic core drilling using PQ and HQ sized bits. All
Resolute drilling to date has been RC. Historic core drilling has
been incorporated into the resource.
Classification criteria
Mineral Resources were classified in accordance with the
Australasian Code for the Reporting of Exploration Results, Mineral
Resources and Ore Reserves (JORC, 2012).
The deposit has been classified as Inferred Mineral Resource
based on a combination of quantitative and qualitative criteria
which include geologic continuity, confidence in volume models,
data quality, sample spacing, lode continuity, and estimation
parameters (number of informing composites, estimation pass number,
kriging quality parameters, and minimum and average distance
composites).
With a lack of confirmatory diamond drilling conducted by
Resolute, relatively wide drill-spacing, and only 139 specific
gravity readings all mineralisation has been classified as Inferred
even where geologic and estimation parameters may support a higher
classification.
The input data is comprehensive in its coverage and does not
favour or misrepresent the in-situ mineralisation. The definition
of the mineralised zones is based on a high level of geologic
understanding from good quality sample data, producing models of
continuous mineralisation. Validation of the block model shows good
correlation of the input data to the block estimated grades.
Sample analysis method
All samples were dispatched to ALS Kedougou for sample
preparation and to ALS Ouagadougou for gold analysis by 30g fire
assay fusion with AAS instrument finish (method code Au-AA25).
Over-range results were re-analysed and reported by 30g fire assay
fusion with gravimetric finish (method code Au-GRA21). The
analytical method was appropriate for the style of
mineralisation.
No geophysical tools were used to determine elemental
concentrations.
Quality control (QC) procedures included the use of certified
standards (1:40), non-certified sand blanks (1:40) and reverse
circulation/core field duplicates (1:20).
Laboratory quality control data, including laboratory standards,
blanks, duplicates, repeats, grind size results and sample weights
were also captured into the digital database.
Analysis of the QC sample assay results indicates that an
acceptable level of accuracy and precision has been achieved.
Basis for selected cut-off grade
The cut-off grades selected has been selected using previous
Resource (0.5 g/t Au) and Reserve (1.0 g/t Au) cut-off grades used
at the nearby Mako deposit.
Mining and metallurgical methods and other material modifying
factors
Extensive metallurgical investigations and reporting have been
completed prior to the commencement of mining and milling at the
nearby Mako deposit.
The processing method involves crushing, and milling, followed
by conventional CIL recovery.
There is no evidence to suggest that the metallurgical
characteristics of ore extracted from Tomboronkoto would change
from that encountered at Mako. Preliminary metallurgical test-work
on samples from Tomboronkoto show similar characteristics to the
Mako ore and is expected to be treated though the existing
circuits.
Contact
Resolute Public Relations
Matthias O'Toole-Howes Jos Simson, Tavistock
matthias.otoolehowes@resolutemining.com resolute@tavistock.co.uk
+44 207 920 3150
Corporate Brokers
Jennifer Lee, Berenberg
+44 20 3753 3040
Tom Rider, BMO Capital Markets
+44 20 7236 1010
Authorised by Mr Terry Holohan, Managing Director and Chief
Executive Officer
Competent Persons Statement
The information in this report that relates to the Exploration
Results, Mineral Resources and Ore Reserves is based on information
compiled by Mr Bruce Mowat, a member of The Australian Institute of
Geoscientists. Mr Bruce Mowat has more than 5 years' experience
relevant to the styles of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to
qualify as a Competent Person, as defined in the 2012 Edition of
the "Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves" (the JORC Code). Mr Bruce Mowat
is a full-time employee of the Resolute Mining Limited Group and
holds equity securities in the Company. He has consented to the
inclusion of the matters in this report based on his information in
the form and context in which it appears. This information was
prepared and disclosed under the JORC Code 2012 except where
otherwise noted.
The information in this announcement that relates to the Mineral
Resource estimate has been based on information and supporting
documents prepared by Mr Patrick Smillie, a Competent Person who is
a Registered Member of the Society for Mining, Metallurgy, and
Exploration (SME). Mr Smillie is a full-time employee Resolute
Mining Limited Group and has sufficient experience relevant to the
style of mineralisation and type of deposit under consideration and
to the activity which has been undertaken to qualify as a Competent
Person. Mr Smillie confirms that the Mineral Resource estimate is
based on information in the supporting documents and consents to
the inclusion in the report of the Mineral Resource estimate and
related content based on the information in the form and context in
which it appears.
Cautionary Statement about Forward-Looking Statements
This announcement contains certain "forward-looking statements"
including statements regarding our intent, belief or current
expectations with respect to Resolute's business and operations,
market conditions, results of operations and financial condition,
and risk management practices. The words "likely", "expect", "aim",
"should", "could", "may", "anticipate", "predict", "believe",
"plan", "forecast" and other similar expressions are intended to
identify forward-looking statements. Indications of, and guidance
on, future earnings, anticipated production, life of mine and
financial position and performance are also forward-looking
statements. These forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
Resolute's actual results, performance and achievements or industry
results to differ materially from any future results, performance
or achievements, or industry results, expressed or implied by these
forward-looking statements. Relevant factors may include (but are
not limited to) changes in commodity prices, foreign exchange
fluctuations and general economic conditions, increased costs and
demand for production inputs, the speculative nature of exploration
and project development, including the risks of obtaining necessary
licences and permits and diminishing quantities or grades of
reserves, political and social risks, changes to the regulatory
framework within which Resolute operates or may in the future
operate, environmental conditions including extreme weather
conditions, recruitment and retention of personnel, industrial
relations issues and litigation.
Forward-looking statements are based on Resolute's good faith
assumptions as to the financial, market, regulatory and other
relevant environments that will exist and affect Resolute's
business and operations in the future. Resolute does not give any
assurance that the assumptions will prove to be correct. There may
be other factors that could cause actual results or events not to
be as anticipated, and many events are beyond the reasonable
control of Resolute. Readers are cautioned not to place undue
reliance on forward-looking statements, particularly in the current
economic climate with the significant volatility, uncertainty and
disruption caused by the COVID-19 pandemic. Forward-looking
statements in this document speak only at the date of issue. Except
as required by applicable laws or regulations, Resolute does not
undertake any obligation to publicly update or revise any of the
forward-looking statements or to advise of any change in
assumptions on which any such statement is based. Except for
statutory liability which cannot be excluded, each of Resolute, its
officers, employees and advisors expressly disclaim any
responsibility for the accuracy or completeness of the material
contained in these forward-looking statements and excludes all
liability whatsoever (including in negligence) for any loss or
damage which may be suffered by any person as a consequence of any
information in forward-looking statements or any error or
omission.
Appendix 1: Recent Drilling Results
Tomboronkoto
Hole_ID North East RL Dip Azi EOH From To Width Au
(WGS) (WGS) (m) (WGS) (m) (m) (m) (m) (g/t)
TADD005 1416598 793896 117 -50 320 203.5 46 87 41 2.2
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD008 1416388 793610 102 -50 320 223 68 74 6 6.14
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
103 115 12 2.1
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADDH98_04 1416511 793553 3 -50 160 84 5 50.5 45.5 1.07
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TARC015 1416704 793898 1 -50 160 57 0 22 22 1.23
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TARC021 1416570 793734 1 -48 160 63 0 30 30 0.9
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TARC026 1416429 793569 2 -50 160 63 16 63 47 2.12
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TARC027 1416486 793559 3 -50 160 60 0 57 57 2.83
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TARC041 1416856 794269 21 -50 340 75 13 28 15 12.84
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TARC051 1416566 793625 0 -50 160 75 0 74 74 1.59
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TARC054 1416624 793828 4 -50 160 75 32 40 8 9.13
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TARC055 1416646 793820 5 -50 160 75 0 61 61 2.61
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TARC056 1416694 793803 9 -50 160 87 40 87 47 1.02
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TARC058 1416704 794015 1 -50 160 75 2 48 46 2.07
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00003 1416687 793958 103 -61 160 160 32 63 31 2.36
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
71 89 18 1.94
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
130 150 20 1.03
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00005A 1416549 793898 107 -60 340 180 102 137 35 1.5
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00008 1416708 793819 120 -61 160 108 17 52 35 0.63
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
59 89 30 0.86
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00008A 1416690 793863 114 -60 160 138 0 94 94 1.68
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00009 1416748 794145 103 -61 160 120 21 36 15 1.39
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
72 100 28 0.92
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00015 1416650 794077 105 -59 340 99 62 81 19 1.55
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00029 1416699 793902 111 -60 160 160 0 24 24 1.18
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00031 1416674 793881 111 -60 160 160 3 81 78 2.06
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
138 150 12 2.78
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00032 1416665 793809 114 -59 160 102 10 89 79 1.28
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00032A 1416667 793812 114 -60 160 162 11 56 45 1.06
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
67 114 47 0.99
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00034 1416702 793861 114 -60 340 180 0 37 37 0.71
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00035 1416681 793996 106 -60 160 90 14 21 7 3.37
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00038 1416590 793907 106 -60 340 180 60 84 24 3.77
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00041 1416555 793809 105 -59 340 165 54 92 38 2.87
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00044 1416633 793798 110 -59 160 172 1 104 103 2.47
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
108 140 32 0.85
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
146 168 22 1.29
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00045A 1416585 793675 106 -61 160 125 0 53 53 2.11
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00046 1416556 793685 105 -59 160 93 10 67 57 1.65
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
72 93 21 1.88
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00048 1416560 793688 105 -60 340 144 9 53 44 1.74
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00049 1416815 794283 124 -62 340 142 81 84 3 11.04
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00051 1416574 793737 106 -60 160 138 8 55 47 1.84
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
69 121 52 1.1
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00052 1416597 793723 107 -61 160 180 149 174 25 1.35
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TBRC00054 1416608 794037 110 -59 340 170 81 96 15 2.22
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
Notes to Accompany Table:
-- Grid coordinates are WGS84 Zone 29 North
-- RC intervals are sampled every 1m by dry riffle splitting or
scoop to provide a 1-3kg sample
-- Diamond core are sampled every 1m by cutting the core in half to provide a 2-4kg sample
-- Cut-off grade for reporting of intercepts is >1g/t Au with
a maximum of 3m consecutive internal dilution included within the
intercept; only intercepts >=3m and >20 gram x metres are
reported
-- Samples are analysed for gold by 30g fire assay fusion with
AAS instrument finish; over-range results are reanalysed by 30g
fire assay fusion with gravimetric finish
Tomboronkoto
Section 1 Sampling Techniques and Data
CRITERIA JORC CODE EXPLANATION COMMENTARY
=============================================== ==================================================== ================================
Sampling techniques
* Nature and quality of sampling (e.g. cut channels, Sampling has been by diamond
random chips, or specific specialised industry drill coring and reverse
standard measurement tools appropriate to the circulation chip.
minerals under investigation, such as down hole gamma Historical diamond core has been
sondes, or handheld XRF instruments, etc.). These geologically logged and sampled
examples should not be taken as limiting the broad to geological contacts with
meaning of sampling. nominal sample lengths between
0.3m and 4.5m (most commonly 1m).
Core selected for assay is
* Include reference to measures taken to ensure sample systematically cut lengthwise
representivity and the appropriate calibration of any into half core by diamond blade
measurement tools or systems used. rock saw.
Reverse circulation chips are
geologically logged and sampled
* Aspects of the determination of mineralisation that on regular lengths of 1m. Chip
are Material to the Public Report. material selected for assay is
systematically divided to a 1/8
proportion using a riffle
* In cases where 'industry standard' work has been done splitter,
this would be relatively simple (e.g. 'reverse numbered and bagged before
circulation drilling was used to obtain 1 m samples dispatch to the laboratory for
from which 3 kg was pulverised to produce a 30 g analysis.
charge for fire assay'). In other cases more
explanation may be required, such as where there is
coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (e.g.
submarine nodules) may warrant disclosure of detailed
information.
================================= ================================================================== ==================================
Drilling techniques
* Drill type (e.g. core, reverse circulation, open-hole
hammer, rotary air blast, auger, Bangka, sonic, etc.)
and details (e.g. core diameter, triple or standard Reverse Circulation drilling with
tube, depth of diamond tails, face-sampling bit or 4" or 4.5" hammer and 4" rod
other type, whether core is oriented and if so, by string to target depth.
what method, etc.).
================================= ================================================================== ==================================
Drill sample recovery
* Method of recording and assessing core and chip Diamond core recoveries are
sample recoveries and results assessed. measured in the core trays and
recorded as recovered metres and
recovered % as part of the
* Measures taken to maximise sample recovery and ensure geological logging process.
representative nature of the samples. RC recoveries are monitored by
chip sample weight recording.
Sample weights have been analysed
* Whether a relationship exists between sample recovery for cyclicity with no
and grade and whether sample bias may have occurred relationship between sample
due to preferential loss/gain of fine/coarse weight and depth noted.
material.
================================= ================================================================== ==================================
Logging
* Whether core and chip samples have been geologically Historical diamond core has been
and geotechnically logged to a level of detail to geologically logged to a level of
support appropriate Mineral Resource estimation, detail to support appropriate
mining studies and metallurgical studies. classification and reporting of a
Mineral Resource.
Reverse circulation chip samples
* Whether logging is qualitative or quantitative in have been geologically logged to
nature. Core (or costean, channel, etc.) photography. a level of detail to support
appropriate classification and
reporting of a Mineral Resource.
* The total length and percentage of the relevant Total length of historical DD
intersections logged. logged is 1,093m (260m Ashanti
Gold, 833m Randgold). Total
length
of RC logged is 12,565m (4,003m
Ashanti Gold, 8,562m Resolute
Mining)
================================= ================================================================== ==================================
Sub-sampling techniques and
sample preparation * If core, whether cut or sawn and whether quarter, Historic core has been
half or all core taken. systematically cut lengthwise
into half core with a diamond
saw.
* If non-core, whether riffled, tube sampled, rotary RC samples representing a 1/8
split, etc. and whether sampled wet or dry. split are by riffle splitter,
sample weight is recorded, sample
is bagged in pre numbered plastic
* For all sample types, the nature, quality and and sample tickets are inserted
appropriateness of the sample preparation technique. and bag is sealed for transport
to preparation facility.
Generally, one of each of the
* Quality control procedures adopted for all control samples (blank,CRM
sub-sampling stages to maximise representivity of standard, or duplicate) is
samples. inserted
into the sample stream every
tenth sample. RC samples were
* Measures taken to ensure that the sampling is submitted to ALS Kedougou
representative of the in situ material collected, (Senegal).
including for instance results for field The laboratories sample
duplicate/second-half sampling. preparation followed a standard
documented process flow with
whole
* Whether sample sizes are appropriate to the grain sample crushing (better than 70%
size of the material being sampled. passing 2mm) followed by a 1kg
riffle split for pulverisation
to 75 micron (better than 85%
pass).
Master pulps of 250g were split
and placed in airtight, sealed
bags and sent by courier to
the assaying laboratory for
analysis.
Sample size of 2-6kg is
appropriate for the grain size of
material.
================================= ================================================================== ==================================
Quality of assay data and
laboratory tests * The nature, quality and appropriateness of the Au assays are determined by fire
assaying and laboratory procedures used and whether assay with AAS finish. Laboratory
the technique is considered partial or total. and assay procedures are
appropriate for Mineral Resource
estimation.
* For geophysical tools, spectrometers, handheld XRF QAQC consisted of standards,
instruments, etc., the parameters used in determining blanks and laboratory duplicates
the analysis including instrument make and model, (both coarse and pulp). The
reading times, calibrations factors applied and their QAQC sample results showed
derivation, etc. acceptable levels of accuracy and
precision.
The assay data is considered to
* Nature of quality control procedures adopted (e.g. be suitable for Mineral Resource
standards, blanks, duplicates, external laboratory estimation.
checks) and whether acceptable levels of accuracy
(i.e. lack of bias) and precision have been
established.
================================= ================================================================== ==================================
Verification of sampling and
assaying * The verification of significant intersections by All aspects of the sampling,
either independent or alternative company personnel. assay procedures and QA/QC
program have been reviewed and
were
* The use of twinned holes. judged to be suitable for use in
the estimation of Mineral
Resources.
* Documentation of primary data, data entry procedures, Drill hole assay result data has
data verification, data storage (physical and been checked against the original
electronic) protocols. hardcopy laboratory assay
reports for a representative
number of holes.
* Discuss any adjustment to assay data. Below detection limit values
(negatives) have been replaced by
background values.
================================= ================================================================== ==================================
Location of data points Drill holes have been surveyed by
* Accuracy and quality of surveys used to locate drill the Mako Mine staff surveyors
holes (collar and down-hole surveys), trenches, mine using a Leica GS14, GS15 and
workings and other locations used in Mineral Resource GS18 DGPS.
estimation. Down hole surveys were undertaken
by the drilling contractor using
a Reflex DeviGyro tool
* Specification of the grid system used. with a reading taken. every 3m
down the hole.
Grid system is based on the
* Quality and adequacy of topographic control. UTM28N grid on the WGS84
ellipsoid. Survey heights are
based on
PRS097 (with independent checks
on AusPos) and are orthometric
(i.e. msl).
A topographic surface with 1m
resolution has been generated
from a 2022 Lidar survey of the
Tomboronkoto area.
================================= ================================================================== ==================================
Data spacing and distribution
* Data spacing for reporting of Exploration Results. Data spacing is variable across
the deposit, ranging from 50x50m
at the periphery to 25x25m
* Whether the data spacing and distribution is in the more densely drilled core.
sufficient to establish the degree of geological and This spacing is adequate to
grade continuity appropriate for the Mineral Resource determine the geological and
and Ore Reserve estimation procedure(s) and grade continuity for reporting of
classifications applied. an Inferred Mineral Resources.
Drill samples were composited to
1m for use in the estimate.
* Whether sample compositing has been applied.
================================= ================================================================== ==================================
Orientation of data in relation
to geological structure * Whether the orientation of sampling achieves unbiased Geological structures are
sampling of possible structures and the extent to interpreted to be steeply-dipping
which this is known, considering the deposit type. to the south-southeast. Drilling
intersects structures from the
north and south sides, generally
* If the relationship between the drilling orientation dipping -60 below horizontal,
and the orientation of key mineralised structures is with azimuths either at
considered to have introduced a sampling bias, this approximately 340 or 160 .
should be assessed and reported if material. Drilling primarily targeted the
granodiorite unit which contained
the most significant
mineralisation
and dipped at about 70 to the
south-southeast. The drilling
orientation is adequate for a
non-biased assessment of the
orebody with respect to
interpreted structures and
interpreted
controls on mineralisation.
================================= ================================================================== ==================================
Sample security
* The measures taken to ensure sample security. Labelling and submission of
samples complies with industry
standard.
================================= ================================================================== ==================================
Audits or reviews
* The results of any audits or reviews of sampling An independent audit of the
techniques and data. sample preparation laboratory has
been undertaken in 2018 (Fis,
2018) found no material issues
with the sampling methods or
data.
================================= ================================================================== ==================================
Section 2 Reporting of Exploration Results
CRITERIA JORC CODE EXPLANATION COMMENTARY
================= ================================================================== =============================
Mineral tenement
and land tenure * Type, reference name/number, location and ownership The Tomboronkoto Permit is
status including agreements or material issues with third held by Ardimines SARL. Toro
parties such as joint ventures, partnerships, Gold Limited is in a joint
overriding royalties, native title interests, Venture
historical sites, wilderness or national park and with Ardimines with Toro being
environmental settings. the manager and sole funder of
the joint Venture. Toro Gold
Limited is a company
* The security of the tenure held at the time of controlled by resolute
reporting along with any known impediments to Limited.
obtaining a licence to operate in the area. The permit is in good
standing.
=================== ================================================================ ===============================
Exploration done
by other parties * Acknowledgment and appraisal of exploration by other Past exploration has been
parties. performed by Ashanti Gold and
Randgold Resources on a
previously
held Research Permit which was
relinquished prior to being
held by Ardimines SARL.
Randgold
had undertaken soil
geochemistry, surface mapping
and drilling on the entire
Research Permit.
Regional auger drilling
identified gold anomalism
which Ashanti Gold followed up
with Diamond
and Reverse Circulation
drilling and trenching on the
Tomboronkoto prospect.
Subsequently
Randgold undertook further DD
drilling and trenching.
=================== ================================================================ ===============================
Geology
* Deposit type, geological setting and style of Mineralisation is currently
mineralisation. interpreted to be within a
shear in the granodiorite
unit. Intensity
of gold mineralisation appears
to correlate with the
intensity of pyrite
development and exhibits
good lateral and vertical
continuity through the
mineralised zone.
Mineralisation has a
relatively simple geometry
comprising a zone that varies
from 30 to 60m
in width, along the 1,700m
strike length drilled to date.
The zone dips approximately 70
to
the south-southeast.
=================== ================================================================ ===============================
Drill hole
Information * A summary of all information material to the Easting, Northing and RL of
understanding of the exploration results including a the drill hole collars are
tabulation of the following information for all based on the UTM28N grid on
Material drill holes: the WGS84
ellipsoid. Survey heights are
based on PRS097 (with
o easting and northing of the drill hole collar independent checks on AusPos)
o elevation or RL (Reduced Level - elevation above sea and are
level in metres) of the drill hole orthometric (i.e. msl).
collar The MRE has used drill hole
o dip and azimuth of the hole collar RL derived from the
o down hole length and interception depth topographical surface.
o Whole length. Dip is the inclination of the
* If the exclusion of this information is justified on hole from the horizontal. For
the basis that the information is not Material and example, a vertically down
this exclusion does not detract from the drilled
understanding of the report, the Competent Person hole from the surface is
should clearly explain why this is the case. -90deg. Azimuth is reported in
degrees as the grid direction
toward
which the hole is drilled.
Down hole length of the hole
is the distance from the
surface to the end of the
hole, as measured
along the drill trace.
Intersection depth is the
distance down the hole as
measured along
the drill trace. Intersection
width is the downhole distance
of an intersection as measured
along the drill trace.
Drill hole length is the
distance from the surface to
the end of the hole, as
measured along
the drill trace.
=================== ================================================================ ===============================
Data aggregation
methods * In reporting Exploration Results, weighting averaging Drillholes have been
techniques, maximum and/or minimum grade truncations composited to 1m intervals
(e.g. cutting of high grades) and cut-off grades are using Leapfrog Geo 2023.2.0
usually Material and should be stated. with residual
lengths distributed evenly
across all composites within
* Where aggregate intercepts incorporate short lengths the domain. There are no
of high grade results and longer lengths of low grade residual
results, the procedure used for such aggregation samples.
should be stated and some typical examples of such The influence of extreme gold
aggregations should be shown in detail. assays has been limited by
top-cutting assays across all
domains.
* The assumptions used for any reporting of metal Top-cuts have been determined
equivalent values should be clearly stated. using a combination of log
probability, log histogram,
and mean
variance plots. Top-cuts have
been reviewed and applied to
the composites on a
domain-by-domain
basis.
The assay intervals are
reported as down hole length
as the true width variable is
not known.
Gold assays are rounded to
two decimal places.
No metal equivalent reporting
is used or applied.
=================== ================================================================ ===============================
Relationship
between * These relationships are particularly important in the The intersection width is
mineralisation reporting of Exploration Results. measured down the hole trace
widths and and may not be the true width.
intercept lengths All drill results are downhole
* If the geometry of the mineralisation with respect to intervals only due to the
the drill hole angle is known, its nature should be variable orientation of the
reported. mineralisation.
* If it is not known and only the down hole lengths are
reported, there should be a clear statement to this
effect (e.g. 'down hole length, true width not
known').
=================== ================================================================ ===============================
Diagrams
* Appropriate maps and sections (with scales) and A plan view is contained
tabulations of intercepts should be included for any within this document. New
significant discovery being reported These should cross-sectional
include, but not be limited to a plan view of drill interpretations are included.
hole collar locations and appropriate sectional
views.
=================== ================================================================ ===============================
Balanced reporting
* Where comprehensive reporting of all Exploration Diamond and RC drill holes
Results is not practicable, representative reporting forming the basis of the
of both low and high grades and/or widths should be Mineral Resource estimate have
practiced to avoid misleading reporting of been reported
Exploration Results. previously.. Additional
drilling has informed the 2023
estimate.
=================== ================================================================ ===============================
Other substantive
exploration data * Other exploration data, if meaningful and material, No other exploration data is
should be reported including (but not limited to): considered meaningful and
geological observations; geophysical survey results; material to this document.
geochemical survey results; bulk samples - size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.
=================== ================================================================ ===============================
Further work
* The nature and scale of planned further work (e.g. Future exploration may involve
tests for lateral extensions or depth extensions or the drilling of more
large-scale step-out drilling). drillholes, both diamond core
and reverse
circulation, to further extend
* Diagrams clearly highlighting the areas of possible the mineralised zones and to
extensions, including the main geological collect additional detailed
interpretations and future drilling areas, provided data
this information is not commercially sensitive. on known mineralized zones.
Geophysical exploration is
also planned as part of the
future
exploration of the permit.
=================== ================================================================ ===============================
Sec t ion 3 Es tim a tion and Reporting of M ineral Re sourc
es
CRITERIA JORC CODE E XP L A N A T I ON CO M M ENT ARY
================= ============================================================== =========================================================
Database
integrity * Measures taken to ensure that data has not been Data has been compiled into a
corrupted by, for ex amp le, t ranscr ipti on or relational SQL database; the setup
keying errors, between its ini t i al c o llec t ion of this database precludes the
and its use for Mi neral Resource esti mati on pur loading of data which do not meet
poses. the required validation protocols.
The data is managed using DataShed(c)
drill hole management software
* Data v a l idat ion procedures used. using SQL database techniques.
Validation checks are conducted
using SQL and DataShed(c) relational
database standards. Data has also
been checked against original
hard copies for 100% of the data,
and where possible, loaded from
original data sources.
Resolute completed the following
basic validation checks on the
data supp l ied pri or to resource
esti mation:
* Drill holes with overlapping sample intervals.
* Sample intervals with no assay data or duplicate
records.
* Assay grade ranges.
* Collar coordinate ranges.
* Valid hole orientation data.
There are no significant issues
identified with the data.
=============== ================================================================ ===========================================================
Site visits
* Comment on any site visits undertaken by the Mr Bruce Mowat, a fulltime employee
Competent Person and the outcome of those visits. of Resolute Mining Limited and
a Member of the Australasian Institute
of Mining and Metallurgy is the
* If no site visits have been undertaken indicate why Competent Person who has visited
this is the case. this site on multiple occasions.
=============== ================================================================ ===========================================================
Geological
interpretation * Confidence in (or conversely, the uncertainty of) the The digital database used for
geological interpretation of the mineral deposit. the interpretation included logged
intervals for the key granodiorite
unit. There is a moderate level
* Nature of the data used and of any assumptions made. of confidence in the interpretation
of the mineralised shear zone
primarily due to the relatively
* The effect, if any, of alternative interpretations on wide-spaced drilling. Additionally
Mineral Resource estimation. Resolute's drilling program was
entirely RC, though historic core
has been reviewed and logged.
* The use of geology in guiding and controlling Mineral The mineralised volume has been
Resource estimation. constructed using nested Leapfrog
Indicator wireframes at lower
cut-offs of 0.2g/t Au and 0.75g/t
* The factors affecting continuity both of grade and Au. The overall shape of the mineralised
geology. unit has been guided by a sectional
interpretation of the trend of
mineralisation within the mineralised
shear.
The factors affecting continuity
both of grade and geology are
most likely to be associated with
structural controls and local
complexity, the knowledge of which
is limited with the current spacing
of information. The broad approach
to the mineralisation modelling
is an attempt to model an unbiased
interpretation.
=============== ================================================================ ===========================================================
Dimensions
* The extent and variability of the Mineral Resource Gold mineralisation varies from
expressed as length (along strike or otherwise), plan approximately 10 to 50m in thickness
width, and depth below surface to the upper and lower along the approximately 750m strike
limits of the Mineral Resource. length of defined mineralisation.
Mineralisation dips at approximately
70 to the SSE and is defined to
approximately 150m vertical depth.
The deposit remains open at depth
and to the west.
=============== ================================================================ ===========================================================
Estimation
and modelling * The nature and appropriateness of the estimation Estimation of gold grade has
techniques technique(s) applied and key assumptions, including been completed using Ordinary
treatment of extreme grade values, domaining, Kriging (OK). Mineralisation has
interpolation parameters and maximum distance of been constrained using wireframes
extrapolation from data points. If a computer constructed using nested Leapfrog
assisted estimation method was chosen include a Indicator wireframes constructed
description of computer software and parameters used. within the host granodiorite unit.
These wireframes have been used
to define domain codes for estimation.
Drillholes have been flagged with
the domain code and composited
using the domain code to segregate
* The availability of check estimates, previous the data.
estimates and/or mine production records and whether Domain boundary analysis has been
the Mineral Resource estimate takes appropriate undertaken with hard boundaries
account of such data. used for all domains.
Drillholes have been composited
to 1m intervals using Leapfrog
* The assumptions made regarding recovery of by- Geo 2023.2.0 with residual lengths
products. distributed evenly across all
composites within the domain.
There are no residual samples.
* Estimation of deleterious elements or other non-grade The influence of extreme gold
variables of economic significance (e.g. sulphur for assays has been limited by top-cutting
acid mine drainage characterization). assays across all domains. Top-cuts
have been determined using a combination
of log probability, log histogram,
* In the case of block model interpolation, the block and mean variance plots. Top-cuts
size in relation to the average sample spacing and have been reviewed and applied
the search employed. to the composites on a domain-by-domain
basis.
Variography has been undertaken
* In the case of block model interpolation, the block on a domain-by-domain basis in
size in relation to the average sample spacing and Datamine Supervisor v.8.14.3.3
the search employed. using top-cut values.
Drillhole data spacing ranges
from 25m x 25m in densely drilled
* Any assumptions behind modelling of selective mining areas to approximately 50m x 50m.
units. The block model parent block size
is 25m (X) by 25m (Y) by 5m (Z)
with up to 16 sub-blocks per parent
* Any assumptions about correlation between variables. block in the X and Y directions,
and up to 8 sub-blocks per parent
block in the Z direction. Sub-blocks
* Description of how the geological interpretation was have been estimated at the parent
used to control the resource estimates. block scale. Block size is considered
appropriate for the drillhole
spacing throughout the deposit.
* Discussion of basis for using or not using grade Grade estimation has been completed
cutting or capping. in three passes:
Ø Pass 1 estimation has been
undertaken using a minimum of
* The process of validation, the checking process used, 4 and maximum of 25 sample composites
the comparison of model data to drill hole data, and (determined using Datamine Supervisor
use of reconciliation data if available. v.8.14 KNA tool) into a search
ellipsoid with dimensions equal
to half the variogram range of
the domain.
Ø Pass 2 estimation has been
undertaken with the same minimum/maximum
samples as Pass 1 into a search
ellipsoid twice the first pass.
Ø Pass 3 estimation has been
undertaken with a minimum of 2
samples, and the same maximum
number of samples as the first
two passes into a search ellipsoid
twice the second pass
Ø A maximum of three samples
per drillhole has been used in
the first two passes, with no
limits set on the third pass..
This is the first mineral resource
estimate released for the Tomboronkoto
deposit.
The mineral resource estimate
has been validated using visual
validation tools, mean grade comparisons
between the block model and declustered
composite grade means, and swath
plots comparing the input composite
grades and the estimated block
model grades by Northing, Easting,
and RL.
Leapfrog Geo v2023.2.0 and Datamine
Supervisor v8.14.3.3 software
have been used for estimation.
No by-product recoveries were
considered.
=============== ================================================================ ===========================================================
Moisture
* Whether the tonnages are estimated on a dry basis or Moisture was not considered in
with natural moisture, and the method of the density assignment.
determination of the moisture content.
=============== ================================================================ ===========================================================
Cut-off
parameters * The basis of the adopted cut-off grade(s) or quality A nominal lower cut-off grade
parameters applied. of 0.2g/t Au was used to define
the mineralised domains to encompass
the complete mineralised distribution
and produce a model that reduces
the risk of conditional bias that
could be introduced where the
constraining interpretation and
data selection is based on a significantly
higher grade than the natural
geological grade
cut-off.
The cut-off grade for reporting
(above 0.5g/t Au and above 1.0
g/t Au) was used in line with
the previous resource reporting
at the nearby Mako deposit
=============== ================================================================ ===========================================================
Mining factors
or assumptions * Assumptions made regarding possible mining methods, The shallow occurrence of the
minimum mining dimensions and internal (or, if mineralisation indicates that
applicable, external) mining dilution. It is always open pit mining is appropriate,
necessary as part of the process of determining in line with other deposits in
reasonable prospects for eventual economic extraction the area.
to consider potential mining methods, but the
assumptions made regarding mining methods and
parameters when estimating Mineral Resources may not
always be rigorous. Where this is the case, this
should be reported with an explanation of the basis The estimation methodology used
of the mining assumptions made. results in an amount of edge dilution
being incorporated into the blocks
of the model. No account of mining
loss has been incorporated.
=============== ================================================================ ===========================================================
Metallurgical
factors or * The basis for assumptions or predictions regarding No specific assumptions were
assumptions metallurgical amenability. It is always necessary as made regarding metallurgical factors
part of the process of determining reasonable for this estimate.
prospects for eventual economic extraction to Metallurgy is assumed to be similar
consider potential metallurgical methods, but the to the nearby Mako deposit.
assumptions regarding metallurgical treatment
processes and parameters made when reporting Mineral
Resources may not always be rigorous. Where this is
the case, this should be reported with an explanation
of the basis of the metallurgical assumptions made.
=============== ================================================================ ===========================================================
Environmental
factors or * Assumptions made regarding possible waste and process No assumptions were made regarding
assumptions residue disposal options. It is always necessary as environmental restrictions.
part of the process of determining reasonable
prospects for eventual economic extraction to
consider the potential environmental impacts of the
mining and processing operation. While at this stage
the determination of potential environmental impacts,
particularly for a green fields project, may not
always be well advanced, the status of early
consideration of these potential environmental
impacts should be reported. Where these aspects have
not been considered this should be reported with an
explanation of the environmental assumptions made.
=============== ================================================================ ===========================================================
Bulk density
* Whether assumed or determined. If assumed, the basis Specific gravity values for the
for the assumptions. If determined, the method used, Tomboronkoto Prospect have been
whether wet or dry, the frequency of the measurements, measured based on the Archimedean
the nature, size and representativeness of the Principle using the immersion
samples. method for individual core samples.
A total of 215 density measurements
were available for use, with the
* The bulk density for bulk material must have been vast majority of these being in
measured by methods that adequately account for void fresh rock below the saprock and
spaces (vugs, porosity, etc), moisture and laterite domains. This data has
differences between rock and alteration zones within been used as the basis of the
the deposit. block model bulk density.
No relationship between density
and sulphur content or gold content
* Discuss assumptions for bulk density estimates used could be established.
in the evaluation process of the different materials. A default bulk density of 1.76t/m(3)
was assigned to oxide rocks.
A default bulk density of 2.16t/m(3)
was assigned to transitional rock.
A default bulk density of 2.72t/m(3)
was assigned to fresh rock.
=============== ================================================================ ===========================================================
Classification
* The basis for the classification of the Mineral The classification is based on
Resources into varying confidence categories. the confidence in the continuity
of geology and mineralisation
and quality/confidence in the
* Whether appropriate account has been taken of all estimation and quality of assay
relevant factors (i.e. relative confidence in data and bulk density data. Sectional
tonnage/grade estimations, reliability of input data, wireframe interpretations encompass
confidence in continuity of geology and metal values, material of Measured and Indicated
quality, quantity and distribution of the data). classification. As all of Resolute's
drilling was RC, and no confirmation
of previous diamond drilling has
* Whether the result appropriately reflects the been undertaken, the entire Mineral
Competent Person's view of the deposit. Resource has been classified as
Inferred.
The Mineral Resource estimate
appropriately reflects the Competent
Person's view of the deposit.
=============== ================================================================ ===========================================================
Audits or
reviews * The results of any audits or reviews of Mineral No external reviews have been
completed.
* Resource estimates.
=============== ================================================================ ===========================================================
Discussion
of relative * Where appropriate a statement of the relative Although the estimate for gold
accuracy/ accuracy and confidence level in the Mineral Resource is considered to be without bias,
confidence estimate using an approach or procedure deemed it is for the some of the estimated
appropriate by the Competent Person. For example, the volume based on relatively wide
application of statistical or geostatistical spaced data. The estimate is therefore
procedures to quantify the relative accuracy of the of moderate confidence and expected
resource within stated confidence limits, or, if such to be of moderate relative accuracy
an approach is not deemed appropriate, a qualitative at the local scale when drilling
discussion of the factors that could affect the density exceeds 25m x 25m. Infill
relative accuracy and confidence of the estimate. grade control drilling will be
required to improve the confidence
of the local estimate.
* The statement should specify whether it relates to
global or local estimates, and, if local, state the
relevant tonnages, which should be relevant to
technical and economic evaluation. Documentation
should include assumptions made and the procedures
used.
* These statements of relative accuracy and confidence
of the estimate should be compared with production
data, where available.
=============== ================================================================ ===========================================================
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