20974 29Metals AR23 WEB V1 - Flipbook - Page 73
2023 key
results
Chair letter and
CEO report
About
29Metals
Our
assets
Sustainability
& ESG Report
Mineral Resources
and Ore Reserves
Annual
Financial Report
69
Economic cut-off assumptions
The following economic cut-o昀昀 assump琀椀ons were applied for the purposes of the 31 December 2023 Mineral Resources es琀椀mates for
Golden Grove. Cut-o昀昀s for the prior es琀椀mates (31 December 2022) are also provided for the purposes of comparison.
Cut-o昀昀 assump琀椀ons (NSR)
31-Dec-23
$A/t
31-Dec-22
$A/t
ABCD
144.81
132.82
ABCD Oxide
144.81
132.82
Amity
150.10
140.53
Cambewarra
146.99
136.01
Orebody
Catalpa/Ethel
147.99
137.46
D Zinc
146.76
135.67
GG4
146.76
135.67
Hougoumont Main and Hangingwall
150.10
140.53
Hougoumont Extended
155.12
147.86
Oizon
154.70
147.24
Tryall
145.58
133.94
Tryall Cu-Au Oxide
144.81
133.94
Xantho
151.06
141.93
Xantho Extended & Europa
155.50
148.41
Scuddles – Zinc
147.76
137.12
Scuddles – Copper
147.76
137.12
Scuddles Oxide
144.81
133.94
Cervantes – Zinc
151.64
144.55
Cervantes – Copper
151.64
144.55
Gossan Valley
135.62
139.90
Grassi
135.62
139.90
Felix
135.62
139.90
Flying Hi
135.62
149.90
Commodity Price and Foreign Exchange
Pricing/FX
Unit
31-Dec-23
31-Dec-22
Copper
US$/t
8,818
8,818
Zinc
US$/t
3,307
3,307
Competent Persons Statement
The informa琀椀on regarding the 31 December 2023 Mineral Resources es琀椀mates for Golden Grove set out in this report are based on and
fairly represent informa琀椀on and suppor琀椀ng documenta琀椀on compiled by Luke Ashford-Hodges, a Competent Person who is a Member of
the Australasian Ins琀椀tute of Mining and Metallurgy (AuslMM Membership No. 328075).
Mr Ashford-Hodges was a full-琀椀me employee of Golden Grove Opera琀椀ons Pty Ltd (a wholly owned subsidiary of 29Metals Limited) at
the 琀椀me of comple琀椀on of the Mineral Resource es琀椀mates, Mr Ashford-Hodges ceased to be an employee of Golden Grove Opera琀椀ons
Pty Ltd in October 2023. In January 2024 Mr Ashford-Hodges assisted by overseeing the deple琀椀on and repor琀椀ng of the 2023 Mineral
Resources up to the 31st of December 2023.
Mr Ashford-Hodges has su昀케cient experience that is relevant to the style of mineralisa琀椀on and type of deposit under considera琀椀on and
to the ac琀椀vity being undertaken to qualify as a Competent Person as de昀椀ned in the JORC Code.
Mr Ashford-Hodges consents to the inclusion of the informa琀椀on regarding the 31 December 2023 Mineral Resources es琀椀mates for
Golden Grove in the form and context in which the es琀椀mates appear.
