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Vantage Goldfields

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Resources and Reserves PDF  | Print |  E-mail

Mineral Resources and Ore Reserves (100% basis)

The Group’s mineral resources are sufficient to meet its planned production growth. The following graph illustrates the growth in the various categories of mineral resources since the Company was founded:

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The following table lists the Group’s Mineral Resources and Ore Reserves as at end December 2012;

The principal Competent Persons responsible for reporting the Mineral Resource and Ore Reserve information are Mr S Mawson, Mineral Resource Management Consultant, who is a member of the South African Council for Natural Scientific Professions (“SACNASP”), Mr M Begg, General Manager, who is a member of the Geological Society of South Africa (“GSSA”) and SACNASP and Dr W Stear, Executive Director, who is a fellow of the AusIMM. The GSSA is a Recognised Overseas Professional Organisation" (“ROPO”). Mr Mawson is responsible for the Mineral Resource modelling.

Mr Begg and Dr Stear are responsible for the Mineral Resource reporting. All three persons are full time employees of Vantage. The Competent Person responsible for the Independent Audit of the Mineral Resource is Professor R C A Minnitt, JCI Professor of Mineral Resources and Reserves, School of Mining Engineering, University of Witwatersrand, South Africa. Professor Minnitt is a fellow of the AusIMM. All four persons have sufficient relevant experience to qualify as Competent Persons as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.