Table A: Weatherly Mining Namibia : Ore Reserves as at 30 June 2012
| Reserves | Reserve Category |
Reserve tonnes and grade | Contained metal | |||||
|---|---|---|---|---|---|---|---|---|
| Mt | Cu (%) | Ag (g/t) | Au (g/t) | Cu (t) | Ag (kg) | Au (kg) | ||
| Underground (at 1% cut off) | ||||||||
| Otjihase* | Proven | 2.76 | 1.67 | 7.06 | 0.3 | 45,958 | 19,468 | 825 |
| Probable | 0.29 | 1.01 | 7.57 | 0.15 | 2895 | 2177 | 42 | |
| Total | 3.04 | 1.61 | 7.11 | 0.28 | 48,853 | 21,645 | 867 | |
| Matchless (West extension)* | Proven | – | – | – | – | – | – | – |
| Probable | 0.51 | 1.89 | – | – | 9,726 | – | – | |
| Total | 0.51 | 1.89 | – | – | 9,726 | – | – | |
| Grand total – Underground | 3.56 | 1.65 | 6.08 | 0.24 | 58,579 | 21,645 | 867 | |
| Open pit (at 0.3% cut off) | ||||||||
| Tschudi° | Proven | 4.37 | 1.14 | – | – | 49,765 | – | – |
| Probable | 18.33 | 0.9 | – | – | 164,937 | – | – | |
| Total | 22.7 | 0.95 | – | – | 214,702 | – | – | |
| Grand total - Open pit | 22.7 | 0.95 | – | – | 214,702 | – | – | |
Table B: Weatherly Mining Namibia : Mineral Resources as at 30 June 2012
| Resources | Reserve Category |
In situ tonnes and grade | In situ metal | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mt | Cu (%) | Ag (g/t) | Au (g/t) | Pb (%) | Zn (%) | Cu (t) | Ag (kg) | Au (kg) | Pb (t) | Zn (t) | ||
| Underground (@ 1% cut off) | ||||||||||||
| Otjihase* | Measured | 3.34 | 2.37 | 8.88 | 0.42 | – | – | 79,239 | 29,673 | 1,412 | 8.88 | 0.42 |
| Indicated | 3.83 | 1.94 | 7.76 | 0.32 | – | – | 74,217 | 29,639 | 1,204 | 7.76 | 0.32 | |
| Inferred | 3.72 | 1.41 | 5.19 | 0.23 | – | – | 52,335 | 19,293 | 839 | 5.19 | 0.23 | |
| Total | 10.89 | 1.89 | 7.23 | 0.32 | – | – | 205,791 | 78,605 | 3,455 | 7.23 | 0.32 | |
| Matchless (West extension)* | Measured | – | – | – | – | – | – | – | – | – | – | – |
| Indicated | 0.43 | 2.14 | – | – | – | – | 9,180 | – | – | – | – | |
| Inferred | 0.23 | 2.32 | – | – | – | – | 5,346 | – | – | – | – | |
| Total | 0.66 | 2.2 | – | – | – | – | 14,526 | – | – | – | – | |
| Tsumeb West* | Measured | 0.04 | 2.45 | 13 | – | – | – | 864 | 458 | – | 13 | – |
| Indicated | 0.52 | 2.24 | 20.02 | – | – | – | 11,680 | 10,417 | – | 20.02 | – | |
| Inferred | 0.41 | 1.88 | 16.35 | – | – | – | 7,757 | 6,757 | – | 16.35 | – | |
| Total | 0.97 | 2.09 | 18.2 | – | – | – | 20,301 | 17,632 | – | 18.2 | – | |
| Grand total – Underground | 12.52 | 1.92 | 7.69 | 0.28 | – | – | 240,618 | 96,237 | 3,455 | 7.69 | 0.28 | |
| Open Pit (at 0% cut off) | ||||||||||||
| Tschudi° | Measured | 4.45 | 1.09 | – | – | – | – | 48,550 | – | – | – | – |
| Indicated | 28.88 | 0.85 | – | – | – | – | 247,979 | – | – | – | – | |
| Inferred | 19.70 | 0.72 | – | – | – | – | 142,205 | – | – | – | – | |
| Total | 53.03 | 0.83 | – | – | – | – | 438,734 | – | – | – | – | |
| Grand Total – Open pit | 53.03 | 0.83 | – | – | – | – | 438,734 | – | – | – | – | |
| Tailings Remining (at 0% cut off) | ||||||||||||
| Tsumeb Tailings | Measured | 12.00 | 0.48 | 12.74 | – | 0.77 | 0.63 | 57,600 | 152,880 | – | 92,400 | 75,600 |
| Indicated | – | – | – | – | – | – | – | – | – | – | – | |
| Inferred | – | – | – | – | – | – | – | – | – | – | – | |
| Total | 12.00 | 0.48 | 12.74 | – | 0.77 | 0.63 | 57,600 | 152,880 | – | 92,400 | 75,600 | |
| Grand Total – Tailings Remining | 12.00 | 4.15 | 12.74 | – | 0.77 | 0.63 | 57,600 | 152,880 | – | 92,400 | 75,600 | |