20974 29Metals AR23 WEB V1 - Flipbook - Page 81
2023 key
results
Chair letter and
CEO report
About
29Metals
Our
assets
Sustainability
& ESG Report
Mineral Resources
and Ore Reserves
Annual
Financial Report
77
Competent Persons Statement
The informa琀椀on regarding the 31 December 2023 Ore Reserves es琀椀mates for Capricorn Copper set out in this report is based on and
fairly represents informa琀椀on and suppor琀椀ng documenta琀椀on compiled by Christopher Desoe, a Competent Person who is a Fellow of the
Australasian Ins琀椀tute of Mining and Metallurgy (AusIMM (CP) Membership No. 104206).
Mr Desoe is a full-琀椀me employee of Australian Mine Design and Development Pty Ltd and 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 Desoe consents to the inclusion of the informa琀椀on regarding the 31 December 2023 Ore Reserves es琀椀mates for Capricorn Copper
in the form and context in which the es琀椀mates appear.
Redhill Mineral Resources Estimates
The Mineral Resources es琀椀mates for Redhill are set out in the table below. These Mineral Resources es琀椀mates were 昀椀rst reported and
e昀昀ec琀椀ve on 16 May 2016. There have been no material changes to the Mineral Resources es琀椀mated for Redhill since 16 May 2016.
No further 昀椀eld work was conducted at Redhill during 2023.
JORC Code Table 1 disclosures for these es琀椀mates are set out in 29Metals’ December 2023 Mineral Resources and Ore Reserves
es琀椀mates ASX release dated 23 February 2024.
Grade
Contained Metal
Tonnes
Mt
Cu
%
Au
g/t
Ag
g/t
Cu
t
Au
oz
Ag
koz
2.3
0.3
41
29,601
10,481
1,719
Deposit
Category
Cris琀椀na
Inferred
1.3
Angelica
Inferred
0.6
1.5
0.4
53
8,840
7,382
978
Gorda
Inferred
0.4
0.6
1.6
56
2,018
18,210
637
Cu琀琀ers
Inferred
0.3
3.0
0.1
51
9,542
612
520
Franceses
Inferred
1.7
1.2
0.1
14
21,249
3,124
757
Total
Inferred
4.3
1.7
0.3
33
71,249
39,809
4,611
Note:
Es琀椀mates reported in the table above, other than silver, are subject to rounding to one decimal place. Es琀椀mates for silver are rounded to zero decimal places.
Economic cut-off assumptions
The following assump琀椀ons were applied in es琀椀ma琀椀on of the Redhill Mineral Resources:
Cut-o昀昀 assump琀椀ons
Cut-o昀昀
(% Cu)
Orebody
Cris琀椀na
0.4
Angelica
0.4
Gorda
0.4
Cu琀琀ers
0.4
Franceses
0.4
Commodity price for es琀椀mates
Pricing/FX
Unit
Copper
US$/lb
3.00
Gold
US$/oz
1,300
Silver
US$/oz
22
Competent Persons Statement
The 16 May 2016 Mineral Resources es琀椀mates for Redhill are based on and fairly represents informa琀椀on and suppor琀椀ng
documenta琀椀on compiled by Tim Callaghan, a Competent Person who is a Member of the Australasian Ins琀椀tute of Mining and
Metallurgy (AusIMM Membership No. 222210).
Mr Callaghan is a full-琀椀me employee of Resource and Explora琀椀on Geology. Mr Callaghan 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 Callaghan consents to the inclusion of the informa琀椀on regarding the Redhill Mineral Resources es琀椀mates in the form and context
in which the es琀椀mates appear.
