20974 29Metals AR23 WEB V1 - Flipbook - Page 68
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29Metals 2023 Annual Report
Mineral Resources & Ore Reserves Estimates continued
Ore Reserves
Ore Reserves es琀椀mates at the Group level are the aggrega琀椀on of the 31 December 2023 Ore Reserves es琀椀mates for
Golden Grove and Capricorn Copper, as reported in subsequent sec琀椀ons of this release. Ore Reserves es琀椀mates have
been depleted for produc琀椀on to 31 December 2023.
2023
Grade
Category
Asset
Proved
Golden Grove
Capricorn Copper
Total
Probable
Golden Grove
Capricorn Copper
Proved &
Probable
Contained Metal
Tonnes
Mt
Cu
%
Zn
%
Au
g/t
Ag
g/t
5.2
1.8
3.1
0.6
2
1.8
–
–
6.9
11.6
1.6
Proved &
Probable
22
93
161
106
3,625
13
30
–
–
700
123
161
106
4,325
184
619
262
10,219
17
1.6
27
–
–
12
Golden Grove
16.7
1.7
4.7
0.7
19
1.7
–
–
280
–
–
6,900
468
619
262
17,119
26
277
780
368
13,844
12
310
–
–
7,600
591
780
368
21,444
3,862
Grades not addi琀椀ve
Grades not addi琀椀ve
35.7
2022
Golden Grove
Capricorn Copper
Probable
Ag
koz
0.7
Category
Proved
Au
koz
5.3
28.8
Total
Zn
kt
Grades not addi琀椀ve
Total
Capricorn Copper
Cu
kt
5.2
1.8
3.2
0.7
23
92
169
109
1
1.7
–
–
10
20
–
–
400
112
169
109
4,262
Total
6.6
Golden Grove
9.9
1.7
5.8
0.7
28
168
575
221
8,823
Capricorn Copper
14
1.7
–
–
13
250
–
–
5,800
418
575
221
14,623
4.9
0.7
26
260
744
330
12,685
–
–
12
Grades not addi琀椀ve
Total
24.4
Golden Grove
15.1
1.7
16
1.7
Capricorn Copper
Total
31.0
Grades not addi琀椀ve
Grades not addi琀椀ve
280
–
–
6,300
540
744
330
18,985
Note:
Golden Grove es琀椀mates reported in the table above, other than silver, are rounded to one decimal place. Es琀椀mates for silver are rounded to zero decimal places.
For Capricorn Copper, es琀椀mated Proved and Probable Ore Reserves tonnes have been rounded to the nearest 1Mt, and aggregate es琀椀mates of contained Cu metal have
been rounded to the nearest 10kt, es琀椀mates of contained silver have been rounded to the nearest 100koz. Addi琀椀onal metals – Pb and As – are reported in underlying Ore
Reserves es琀椀mates for assets (where applicable).
The combined total of Ore Reserves es琀椀mates for Golden Grove and Capricorn Copper are rounded to the nearest 0.1Mt.
