Resources and Reserves

Sukari Global Resource

  Measured  Indicated   Total    Inferred   
        Measured + Indicated       
Cut-off  Tonnes Grade Tonnes Grade Tonnes Grade Gold  Tonnes Grade Gold
g/t Au (Mt) (g/t Au) (Mt)  (g/t Au) (Mt) (g/t Au)  (Moz)  (Mt)  (g/t Au)  (Moz)
0.3 150.04 1.00 238.90 1.08 388.9 1.05 13.13 66.0  1.1 2.3
0.4 120.72 1.16 196.27 1.23 317.0 1.21 12.33 53.0 1.2 2.0
0.5  98.72 1.32 164.85 1.38 263.6 1.36 11.53 43.3 1.4 1.9
0.7  69.57 1.63 120.81 1.67 190.4 1.65 10.10 30.4 1.8 1.8
1.0  44.97 2.06  80.53 2.09  125.5 2.08  8.39  15.1 2.7 1.3

Notes to Table:

1. Figures in table may not add correctly due to rounding.

2. The resources are estimates of recoverable tonnes and grades using Multiple Indicator Kriging with block support correction.

3. Measured resources lie in areas where drilling is available at a nominal 25 x 25 metre spacing, Indicated resources occur in areas drilled at approximately 25 x 50 metre spacing and Inferred resources exist in areas of broader spaced drilling.

4. The resource model extends from 9700mN to 12200mN and to a maximum depth of 2mRL (a maximum depth of approximately 1050 metres below wadi level).

Sukari Mineral Reserves

  Proven Probable  Mineral Reserve
  Tonnes (Mt) Au (g/t) Tonnes (Mt) Au (g/t) Tonnes (Mt) Au (g/t) Cont Au (Moz)
New Reserve (1)(2)(3) 125.5 1.04  151.5 1.21 277 1.13  10.1
Previous Reserve(4) 102.4 1.09 142.9 1.19  245.4 1.15 9.1

Notes to Table:

1. Includes:

  • Open Pit reserves totaling 266.6Mt @ 1.09g/t

  • Underground reserves totaling 1.1Mt @ 16.30g/t

  • Surface stockpiles totaling 9.4Mt @ 0.57g/t

2. Based on mined surfaced as at 31 December 2011 and a gold price of US$1,100/oz

3. Ultimate Open Pit design has a waste to ore ratio of 5.6:1

4. Announced 15 September 2010 at US$900/oz Au