The Importance of Reliable Mineral Resources and Reserves Reporting

Reliable Mineral Resources are critically important

The businesses of mining project development and mine production by nature contain significant risks. They depend upon, among other things, reliable estimation of Mineral Resources and Reserves and competent management.

Mineral Resources and Reserves are the foundation of a mining or mineral company, as they represent the basis for the future viability of the company's operations. Therefore, it is critical that their quantity and quality are estimated correctly. Estimating Mineral Resources and Reserves is the process where an appropriately qualified and experienced person determines the quantities of a Mineral Resource and Reserve by interpreting and assessing data and reporting the results in accordance with an applicable mineral reporting code. The estimation is presented in the form of a Mineral Resource and Reserve Statement.