TANAMI GOLD NL MINERAL RESOURCES……. 3
DIRECTORS' REPORT. 6
LEAD AUDITOR'S INDEPENDENCE STATEMENT. 17
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME. 18
CONSOLIDATED STATEMENT OF FINANCIAL POSITION. 19
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY. 20
CONSOLIDATED STATEMENT OF CASH FLOWS. 21
NOTES TO THE FINANCIAL STATEMENTS. 22
DIRECTORS' DECLARATION. 43
INDEPENDENT AUDITOR'S REPORT. 44
CORPORATE GOVERNANCE STATEMENT. 47
SHAREHOLDER AND ADDITIONAL INFORMATION……. 48
SCHEDULE OF MINERAL TENEMENTS…. 49
Table 1: Tanami Gold NL Mineral Resources as at 30 April 2014Project | Resource Category | |||||||||||
Measured | Indicated | Inferred | Total | |||||||||
Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | |
g/t Au | g/t Au | g/t Au | g/t Au | |||||||||
WTP | 482,000 | 2.8 | 44,000 | 1,079,000 | 6.0 | 208,000 | 1,446,000 | 5.8 | 271,000 | 2,931,000 | 5.6 | 523,000 |
CTP10 | 6,730,000 | 3.0 | 648,000 | 9,491,000 | 3.0 | 954,000 | 9,279,000 | 3 | 1,022,000 | 25,500,000 | 3 | 2,625,0000 |
Sub Total | 7,212,000 | 3.0 | 692,000 | 10,570,000 | 3.4 | 1,162,000 | 10,725,000 | 3.7 | 1,293,000 | 28,431,000 | 3.4 | 3,148,000 |
CTP Stockpile10 | 1,700,000 | 0.9 | 48,000 | - | - | - | - | - | - | 1,700,000 | 0.9 | 48,000 |
Total | 8,912,000 | 2.6 | 740,000 | 10,570,000 | 3.4 | 1,162,000 | 10,725,000 | 3.7 | 1,293,000 | 30,131,000 | 3.3 | 3,196,000 |
Notes to accompany Table 1
WTP is Western Tanami Prospect and CTP is Central Tanami Project.
Resource estimations completed using MineMap, Vulcan, Surpac, Datamine and Micromine software packages comprising a combination of ellipsoidal inverse distance and ordinary kriging grade interpolation methods.
Variable gold assay top cuts were applied based on geostatistical parameters and historical production reconciliation.
Resources reported above relevant cut-offs based on economic extractions, varying between 0.7g/t Au and 5.0g/t Au block model grade.
Stockpile figures from previously reported Otter Gold Mines NL 2001 Mineral Resource estimate less recorded treatment by Newmont Asia Pacific.
Tonnes and ounces rounded to the nearest thousand and grade rounded to 0.1g/t Au. Rounding may affect tallies.
The information in this report pertaining to Mineral Resources was compiled by Mr Bill Makar (MAusIMM), former Consultant Geologist - Tanami Gold NL, Mr Michael Thomson (MAusIMM), former Principal Geologist for Tanami Gold NL, Mr Steven Nicholls (MAIG), former Senior Geologist for Tanami Gold NL, Mrs Claire Hillyard (MAusIMM), former Resource Geologist for Tanami Gold NL, Mr Mark Drabble (MAusIMM) - Principal Consultant Geologist, Optiro Pty Ltd and Mr Peter Ball (MAusIMM), Director of Datageo Geological Consultants. Mr Makar, Mr Thomson, Mr Nicholls, Mrs Hillyard, Mr Drabble and Mr Ball have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Persons as defined in the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Makar, Mr Thomson, Mr Nicholls, Mrs Hillyard, Mr Drabble and Mr Ball consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.
The dates referred to in this table titles (30th April 2014) represent the date of the most resent update of a Resource within this table.
Within the WTP stated Figures is the Kavanagh Resource that is compliant to the JORC Code 2012, all other Resources were prepared and first disclosed under the JORC Code 2004 and have not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.
On 4th of August 2015, an unincorporated joint venture was formed between the Company and Northern Star Resources Limited who purchased an initial 25% interest in the Company's Central Tanami Project ("CTP"). At the time of this report, the Company retains a 75% interest in the CTP Resources stated in this table.
Mineral Lease | Resource Category | |||||||||||
Measured | Indicated | Inferred | Total | |||||||||
Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | |
MLS153 | 1,051,000 | 2.2 | 73,000 | 3,046,000 | 2.2 | 217,000 | 849,000 | 2.7 | 74,000 | 4,946,000 | 2.3 | 365,000 |
MLS167 | 2,709,000 | 3.4 | 293,000 | 2,613,000 | 2.9 | 244,000 | 2,050,000 | 2.9 | 191,000 | 7,372,000 | 3.1 | 728,000 |
MLS168 | 854,000 | 2.2 | 60,000 | 314,000 | 1.6 | 16,000 | 1,094,000 | 1.6 | 58,000 | 2,262,000 | 1.8 | 133,000 |
MLS180 | 545,000 | 3.3 | 57,000 | 872,000 | 2.7 | 76,000 | 269,000 | 2 | 18,000 | 1,685,000 | 2.8 | 151,000 |
MLSA172 | 1,096,000 | 2.7 | 96,000 | 176,000 | 1.8 | 10,000 | 142,000 | 2.7 | 12,000 | 1,415,000 | 2.6 | 119,000 |
ML22934 | 475,000 | 4.5 | 69,000 | 2,470,000 | 4.9 | 391,000 | 4,875,000 | 4.25 | 669,000 | 7,820,000 | 4.49 | 1,129,000 |
Sub Total | 6,730,000 | 2.99 | 648,000 | 9,491,000 | 3.13 | 954,000 | 9,279,000 | 3.43 | 1,022,000 | 25,500,000 | 3.20 | 2,625,000 |
Stockpiles | 1,700,000 | 0.9 | 48,000 | - | - | - | - | - | - | 1,700,000 | 0.9 | 48,000 |
Total | 8,430,000 | 2.6 | 696,000 | 9,491,000 | 3.1 | 954,000 | 9,279,000 | 3.4 | 1,022,000 | 27,200,000 | 3.1 | 2,673,000 |
Notes to accompany Table 2
Resource estimations completed using MineMap, Vulcan and Micromine software packages comprising a combination of ellipsoidal inverse distance and ordinary kriging grade interpolation methods.
Grade estimation was constrained to material within >0.7g/t mineralisation outlines.
Variable gold assay top cuts were applied based on geostatistical parameters and historical production reconciliation.
Resources reported above 0.7g/t block model grade.
Resources reported above 1.0g/t block model grade.
Stockpile figures from previously reported Otter Gold Mines NL 2001 Mineral Resource estimate less recorded treatment by Newmont Asia Pacific.
Tonnes and ounces rounded to the nearest thousand and grade rounded to 0.1g/t. Rounding may affect tallies.
The information in this report pertaining to Mineral Resources for the Central Tanami Project was compiled by Mr Bill Makar (MAusIMM), former Consultant Geologist - Tanami Gold NL, Mr Michael Thomson (MAusIMM), former Principal Geologist for Tanami Gold NL, Mr Steven Nicholls (MAIG), former Senior Geologist for Tanami Gold NL, Mrs Claire Hillyard (MAusIMM), former Resource Geologist for Tanami Gold NL and Mr Peter Ball (MAusIMM), Director of Datageo Geological Consultants. Mr Makar, Mr Thomson, Mr Nicholls, Mrs Hillyard and Mr Ball have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Persons as defined in the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Makar, Mr Nicholls, Mrs Hillyard and Mr Ball consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.
ML22934 Resource consists of two Resources - Groundrush Deposit (6.7million tonnes at 4.8g/t for 1,040,000) and Ripcord Deposit (1.1 Million tonnes at 2.5g/t for 89,000oz).
The dates referred to in this table titles (1st January 2013) represent the date of the most recent update of a Resource within this table.
Table 3: Western Tanami Project Mineral Resources as at 30 April 2014Deposit
Resource Category
Measured
Indicated
Inferred
Total
Tonnes
Grade
Ounces
Tonnes
Grade
Ounces
Tonnes
Grade
Ounces
Tonnes
Grade
Ounces
g/t Au
g/t Au
g/t Au
g/t Au
Coyote
25,000
23.6
19,000
338,300
11.7
127,000
382,500
12.3
151,000
669,000
13.8
297,000
Sandpiper
27,000
3.3
3,000
455,000
4.1
59,000
635,000
4.4
90,000
1,117,000
4.2
152,000
Kookaburra
55,000
2.6
5,000
286,000
2.4
22,000
353,000
2.1
24,000
694,000
2.3
51,000
Pebbles
-
-
-
-
-
-
76,000
2.5
6,000
76,000
2.5
6,000
Stockpiles
375,000
1.4
17,000
-
-
-
-
-
-
375,000
1.4
17,000
Total
482,000
2.8
44,000
1,079,300
6.0
208,000
1,446,500
5.8
271,000
2,931,000
5.6
523,000
Notes to accompany Table 3:
The Western Tanami Project Resource estimations were completed using Micromine, Surpac and Datamine software, comprising inverse distance grade interpolation within block models constrained by 3D wire framed geological boundaries. The wireframes defining the mineralisation were based on structural, assay and lithological information.
Various top cuts have been applied to the drill hole samples based on lode domain analysis. Where top cuts were applied they ranged from 35g/t for Sandpiper, a range of 100-250g/t for Coyote and 100 gram metres for Kavanagh.
The Mineral Resource Estimate is reported at a 2.0g/t Au lower cut-off for Coyote, a 5.0g/t Au Cut-off for Kavanagh and 1.0g/t for the remaining Resources.
Tonnes and ounces of gold are rounded to significant figures and grade is rounded to the nearest 0.1g/t Au. Rounding may affect tallies. Stockpile ounces rounded to nearest hundred.
Resource estimation for the Muttley and Kavanagh lodes was completed by Michael Thomson, former Principal Geologist of Tanami Gold, the resource estimation of the remaining Coyote and Sandpiper deposits was completed by Mr Steven Nicholls, former Senior Geologist of Tanami Gold NL. The Kookaburra Resource estimation was conducted by Mr Peter Ball, Director of Datageo Geological Consultants. The Pebbles Resource estimate was completed in 2007 by Mr Malcolm Titley of CSA Australia Pty Ltd.
Mr Thomson, Mr Nicholls (MAIG), Mr Ball (MAusIMM) and Mr Titley (MAusIMM, MAIG) qualify as Competent Persons as defined by the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.
The resource presented in this table has not been depleted by 7,675 ounces mined between January 2013 and June 2013 from the Coyote Mine.
The dates referred to in this table titles (30th April 2014) represent the date of the most recent update of a Resource within this table.
Mineral Resources Annual Statement and Review
The Company carries out an annual review of its Mineral Resources as required by the ASX Listing Rules. The review was carried out as at 30 June 2017. The estimates for Mineral Resources were prepared and disclosed under the JORC Code 2004 and 2012 Editions.
No changes were made to the Mineral Resources in the year ending 30 June 2017.
The Company is not aware of any new information or data that materially affects the information included in the Annual Statement with regard to Mineral Resources and confirms that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.
Tanami Gold NL published this content on 23 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 October 2017 07:41:03 UTC.
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