20974 29Metals AR23 WEB V1 - Flipbook - Page 74
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29Metals 2023 Annual Report
Mineral Resources & Ore Reserves Estimates continued
Ore Reserves
The 31 December 2023 Ore Reserves es琀椀mates for Golden Grove are set out below and incorporate changes to the Golden Grove
Mineral Resources es琀椀mates (refer above), the inclusion of Cervantes below the exis琀椀ng Scuddles Mine, deple琀椀on for produc琀椀on,
and changes to cut-o昀昀 values and other economic assump琀椀ons (including commodity price and foreign exchange assump琀椀ons).
JORC Code Table 1 disclosures are set out in 29Metals’ December 2023 Mineral Resources and Ore Reserves es琀椀mates ASX release
dated 23 February 2024.
Grade
Project
Area
Deposit
Asset
Gossan
Hill Mine
Gossan Hill
Main
Scuddles
Mine
Zn
%
Proved
2.5
2.0
1.5
0.7
Probable
0.4
1.5
2.9
0.6
Total
2.9
1.9
1.7
0.6
Au
Metal
koz
Ag
Metal
koz
Pb
Metal
kt
Pb
%
18
0.1
50
37
51
1,440
3
26
0.1
6
12
7
340
0
19
0.1
56
49
59
1,780
3
Ag
g/t
2.5
1.7
4.8
0.5
19
0.2
42
120
39
1,532
4
Probable
4.2
1.7
6.9
0.8
31
0.4
70
286
106
4,114
15
Total
6.7
1.7
6.1
0.7
26
0.3
112
406
146
5,646
19
Hougoumont
Extended &
Oizon
Proved
–
–
–
–
–
–
–
–
–
–
–
Probable
1.7
2.1
2.3
0.5
23
0.2
35
39
27
1,261
3
Total
1.7
2.1
2.3
0.5
23
0.2
35
39
27
1,261
3
Scuddles
Proved
–
–
–
–
–
–
–
–
–
–
–
Probable
0.8
1.3
3.6
0.8
32
0.3
11
30
21
851
2
Total
0.8
1.3
3.6
0.8
32
0.3
11
30
21
851
2
–
–
–
–
–
–
–
–
–
–
–
Probable
Proved
2.9
1.5
4.8
0.6
33
0.4
43
141
60
3,070
11
Total
2.9
1.5
4.8
0.6
33
0.4
43
141
60
3,070
11
–
–
–
–
–
–
–
–
–
–
–
1.0
1.2
6.7
1.0
11
0.1
12
64
31
350
1
1.0
1.2
6.7
1.0
11
0.1
12
64
31
350
1
–
–
–
–
–
–
–
–
–
–
–
1
Proved
Gossan
Valley, Felix & Probable
Conteville
Total
Surface
Stockpiles
Proved
Probable
0.6
1.1
8.2
0.5
13
0.2
6
47
8
233
Total
0.6
1.1
8.2
0.5
13
0.2
6
47
8
233
1
Proved
0.2
0.7
2.0
2.2
97
0.4
2
4
15
653
1
Probable
Total
Total
Au
g/t
Proved
Grassi
Other
Cu
%
Xantho
Extended &
Europa
Cervantes
Gossan
Valley
Deposits
Tonnes
Mt
Contained Metal
Zn
Metal
kt
Cu
Metal
kt
Proved
–
–
–
–
–
–
–
–
–
–
–
0.2
0.7
2.0
2.2
97
0.4
2
4
15
653
1
5.2
1.8
3.1
0.6
22
0.2
93
161
106
3,625
8
Probable
11.6
1.6
5.3
0.7
27
0.3
184
619
262
10,219
33
Total
16.7
1.7
4.7
0.7
26
0.2
277
780
368 13,844
41
Note:
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.
